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Form N-PX · fund seriesSEC series no. S000069948

Democratic Large Cap Core ETF

A series of Advisors' Inner Circle Fund III

Vote records
600year to 30 June 2026
Against management
7.3%44 of 600 marked votes
Say-on-pay support
90.7%for, of for + against + abstain
Shareholder-proposal support
35.1%for, of for + against + abstain

Democratic Large Cap Core ETF is a series of Advisors' Inner Circle Fund III. For the year to 30 June 2026 its registrant reported 600 vote records for the series; 7.3% of the votes marked for or against management went against management. It voted for 90.7% of say-on-pay items and for 35.1% of proposals from security holders.

Compared with its registrant

year to 30 June 2026This seriesIts registrantMedian fund registrant
Against-management share7.3%19.1%6.2%
Say-on-pay support rate90.7%82.8%91.6%
Shareholder-proposal support rate35.1%53.5%27.5%

Votes by category

foragainstabstain, withhold or otheramber tick: the portion cast against management

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS42440774.0%
SECTION 14A SAY-ON-PAY VOTES454048.9%
AUDIT-RELATED444400.0%
SHAREHOLDER RIGHTS AND DEFENSES74328.6%
EXTRAORDINARY TRANSACTIONS2200.0%
CAPITAL STRUCTURE33066.7%
COMPENSATION2317617.4%
CORPORATE GOVERNANCE2220259.1%
ENVIRONMENT OR CLIMATE100100.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE52340.0%
DIVERSITY, EQUITY, AND INCLUSION5050.0%
OTHER SOCIAL ISSUES252238.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20247648.1%97.9%44.4%
year to 30 June 20256816.5%95.9%29.2%
year to 30 June 20266007.3%90.7%35.1%

Questions

How often did Democratic Large Cap Core ETF vote against management?

7.3% of the votes its registrant marked for or against management in the year to 30 June 2026 (44 of 600).

How did Democratic Large Cap Core ETF vote on executive pay?

It voted for 39 of 43 say-on-pay items cast for, against or abstain (90.7%).

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 Advisors' Inner Circle Fund III, 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 Advisors' Inner Circle Fund III (filer no. 1593547); votes attributed to series S000069948 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.