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Adviser Managed Trust proxy voting record, 2023-2024

Adviser Managed Trust reported 24,963 proxy votes on Form N-PX for the 2024 season. On the 18,884 ballot items the board itself put forward — directors, pay, the auditor, capital — it voted FOR 93.3% of the time. On the 362 environmental and social proposals put on the ballot by shareholders, it voted FOR 29.0% of the time.

2023-20242024-20252025-2026

On the board’s own proposals

93.3% FOR of 18,884 fund votes on board proposals in 2023-2024: directors, pay, auditor, capital.

FOR 17,628 AGAINST 1,022 Abstained or withheld 234

How we count these

On proposals shareholders put on the ballot

29.0% FOR of 362 fund votes on environmental and social proposals shareholders put on the ballot. The board opposed 312.

FOR 105 AGAINST 257 Abstained 3

See the 105 it backed →

How we count these

By proposal type

A single “voted with management” figure makes every manager look the same: director elections are most of the volume and nearly everyone votes FOR them. The record is therefore reported per category, using the category the filer itself put on each item in its N-PX.

Adviser Managed Trust, 2023-2024. “Decided” is FOR + AGAINST, the denominator of the two percentage columns; abstentions and withheld votes are shown separately and are never inside a percentage. Counted in ballot items — one fund’s vote on one proposal at one meeting — never in shares.
Proposal typePut on the ballot by ItemsDecided Voted FORVoted AGAINST Abstained / withheld
Director Elections Board (2 inferred) 12,967 12,212 95.4% 4.6% 233
Director Elections Shareholders (9 inferred) 39 9 11.1% 88.9% 5
Corporate Governance Board 2,915 2,419 92.1% 7.9% 41
Corporate Governance Shareholders 98 83 49.4% 50.6% 2
Capital Structure Board 2,033 1,956 97.0% 3.0% 0
Capital Structure Shareholders 9 6 83.3% 16.7% 3
Compensation Board (1 inferred) 1,952 1,791 87.0% 13.0% 0
Compensation Shareholders (3 inferred) 70 69 18.8% 81.2% 0
Audit-related Board 1,718 1,664 99.6% 0.4% 1
Audit-related Shareholders (1 inferred) 1 1 100.0% 0.0% 0
Say-on-Pay Board 1,089 958 82.7% 17.3% 0
Say-on-Pay Shareholders (2 inferred) 2 1 0.0% 100.0% 0
Other Social Issues Board 66 66 98.5% 1.5% 0
Other Social Issues Shareholders 160 154 33.1% 66.9% 1
Shareholder Rights and Defenses Board 89 81 93.8% 6.2% 4
Shareholder Rights and Defenses Shareholders 98 92 78.3% 21.7% 5
Environment or Climate Board 17 13 84.6% 15.4% 3
Environment or Climate Shareholders 118 117 17.1% 82.9% 1
Diversity, Equity, and Inclusion Shareholders 75 75 25.3% 74.7% 0
Extraordinary Transactions Board 69 69 100.0% 0.0% 0
Extraordinary Transactions Shareholders 3 3 0.0% 100.0% 0
Human Rights or Human Capital/workforce Shareholders 65 63 27.0% 73.0% 1
Other Board 3 3 66.7% 33.3% 0

An item the filer put in two categories is counted in both rows, so the rows add up to more than the total. Who put an item on the ballot is decided item by item: the filer’s own answer on Form N-PX (Item 1(h)), or, where the filing does not give one, the proposal’s own wording (18 items, shown as inferred). The two figures above use only part of these rows: the board figure, board proposals on directors, pay, the auditor, capital, transactions and fund matters; the shareholder figure, environmental, social, workforce and diversity shareholder proposals at US-listed companies. How we count these

Every proposal where Adviser Managed Trust broke with the board (1,361 distinct proposals) →

What is being counted

The unit is a fund-level observation: one fund’s vote on one proposal at one meeting. It is not a share, not a filing line and not a proposal.
Adviser Managed Trust filed 24,963 vote records for 2023-2024; after removing votes filed twice in different N-PX filings, that is 23,656 ballot items (fund-level observations) across 1,765 issuer names and 2 funds. They cover 23,590 distinct proposals: one proposal voted by twenty of its funds is twenty ballot items here and one proposal. Proposals are counted per issuer name and meeting, and wordings of the same director nominee are counted once; two different wordings of any other proposal count twice, so this is an upper bound. A fund that reported several directions for the same item is a split vote, counted on its own (see the table below) and not collapsed into the larger direction. “Issuer names” is literal: filers spell the same company several ways and those are counted separately here, so this runs higher than the number of distinct companies.
Share counts are not used anywhere on this page.
Share figures in N-PX carry their own long list of corrections in this dataset, and a share-weighted rate would inherit every one of them. Every percentage here is a count of items.
Abstentions are reported, never hidden inside a percentage.
On the board’s own proposals an abstention or a withheld vote is not support, so it is in the denominator of the FOR figure and not in its numerator. On shareholder proposals an abstention is neither support nor opposition, so it is excluded from the denominator and shown on its own.
1,451 items are outside both headline figures.
Besides the table rows neither figure uses:
ExcludedItemsWhy
Not voted1,258 Reported as not voted, take no action or do not vote. No position was expressed, so there is nothing to count.
Other ballot type127 Frequency ballots (one / two / three years) and anything else that is not a FOR, AGAINST, abstention or withhold.
Direction indeterminate0 The fund reported several directions for one ballot item with no shares attached to any of them, so which way it voted cannot be established.
Split vote66 The fund voted its shares in more than one direction on the item (for example some FOR and some AGAINST), the smaller part at least 5% of its shares. It is not collapsed into the larger part.

About this page

Every figure is derived from Form N-PX, the filing in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes). Figures are rebuilt weekly; this page was built on October 18, 2026. The interactive database shows the same votes company by company, including every individual fund.

Adviser Managed Trust proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.