Home / MSS Series Trust / Towpath Focus Fund
Towpath Focus Fund
A series of MSS Series Trust
- Vote records
- 803year to 30 June 2025
- Against management
- 1.9%15 of 803 marked votes
- Say-on-pay support
- not reportedfor, of for + against + abstain
- Shareholder-proposal support
- 12.2%for, of for + against + abstain
Towpath Focus Fund is a series of MSS Series Trust. For the year to 30 June 2025 its registrant reported 803 vote records for the series; 1.9% of the votes marked for or against management went against management. It voted for 100.0% of say-on-pay items and for 12.2% of proposals from security holders.
Compared with its registrant
| year to 30 June 2025 | This series | Its registrant | Median fund registrant |
|---|---|---|---|
| Against-management share | 1.9% | 0.9% | 6.1% |
| Say-on-pay support rate | not reported | 100.0% | 91.3% |
| Shareholder-proposal support rate | 12.2% | 8.2% | 23.5% |
Votes by category
foragainstabstain, withhold or otheramber tick: the portion cast against management
| Category (as the form names it) | Votes | For | Against | Against management | Split |
|---|---|---|---|---|---|
| DIRECTOR ELECTIONS | 532 | 532 | 0 | 0.0% | |
| SECTION 14A SAY-ON-PAY VOTES | 3 | 3 | 0 | 0.0% | |
| AUDIT-RELATED | 61 | 61 | 0 | 0.0% | |
| INVESTMENT COMPANY MATTERS | 2 | 2 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 30 | 13 | 17 | 26.7% | |
| CAPITAL STRUCTURE | 21 | 21 | 0 | 4.8% | |
| COMPENSATION | 66 | 62 | 4 | 3.0% | |
| CORPORATE GOVERNANCE | 12 | 12 | 0 | 16.7% | |
| ENVIRONMENT OR CLIMATE | 14 | 2 | 12 | 0.0% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 8 | 0 | 8 | 0.0% | |
| DIVERSITY, EQUITY, AND INCLUSION | 10 | 0 | 10 | 0.0% | |
| OTHER SOCIAL ISSUES | 18 | 4 | 14 | 0.0% | |
| OTHER | 26 | 10 | 16 | 7.7% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|---|
| year to 30 June 2024 | 583 | 2.4% | not reported | 8.3% |
| year to 30 June 2025 | 803 | 1.9% | not reported | 12.2% |
Questions
How often did Towpath Focus Fund vote against management?
1.9% of the votes its registrant marked for or against management in the year to 30 June 2025 (15 of 803).
How did Towpath Focus Fund vote on executive pay?
It voted for 3 of 3 say-on-pay items cast for, against or abstain (100.0%).
Is this the result of the meetings?
No. Form N-PX shows how the fund voted the shares it held. It does not show how other shareholders voted or what the outcome was.
Where does the data come from?
From the Form N-PX filed by MSS Series Trust, which lists the series that cast each vote. The SEC does not verify the contents. Data runs through 23 Sep 2026.
Provenance: SEC EDGAR, Form N-PX filed by MSS Series Trust (filer no. 1368578); votes attributed to series S000067243 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.