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NEW COVENANT FUNDS proxy voting record, 2025-2026

NEW COVENANT FUNDS reported 16,197 proxy votes on Form N-PX for the 2026 season. On the 13,273 ballot items the board itself put forward — directors, pay, the auditor, capital — it voted FOR 93.3% of the time. On the 150 environmental and social proposals put on the ballot by shareholders, it voted FOR 67.3% of the time.

2023-20242024-20252025-2026

On the board’s own proposals

93.3% FOR of 13,273 fund votes on board proposals in 2025-2026: directors, pay, auditor, capital.

FOR 12,382 AGAINST 607 Abstained or withheld 284

How we count these

On proposals shareholders put on the ballot

67.3% FOR of 150 fund votes on environmental and social proposals shareholders put on the ballot. The board opposed 149.

FOR 101 AGAINST 49 Abstained 0

See the 101 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.

NEW COVENANT FUNDS, 2025-2026. “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 (10 inferred) 9,678 9,258 96.3% 3.7% 283
Director Elections Shareholders 6 2 100.0% 0.0% 4
Say-on-Pay Board 1,556 1,464 86.1% 13.9% 0
Say-on-Pay Shareholders (1 inferred) 1 1 100.0% 0.0% 0
Audit-related Board 1,475 1,474 99.7% 0.3% 1
Audit-related Shareholders (1 inferred) 1 1 100.0% 0.0% 0
Compensation Board 522 522 91.0% 9.0% 0
Compensation Shareholders 17 16 81.2% 18.8% 0
Corporate Governance Board 339 334 77.5% 22.5% 0
Corporate Governance Shareholders (2 inferred) 95 94 87.2% 12.8% 1
Shareholder Rights and Defenses Board 94 87 92.0% 8.0% 7
Shareholder Rights and Defenses Shareholders (1 inferred) 123 122 88.5% 11.5% 1
Capital Structure Board 162 162 95.1% 4.9% 0
Capital Structure Shareholders 8 8 87.5% 12.5% 0
Extraordinary Transactions Board 109 109 99.1% 0.9% 0
Extraordinary Transactions Shareholders 1 1 0.0% 100.0% 0
Environment or Climate Shareholders 52 52 80.8% 19.2% 0
Other Social Issues Board 2 2 100.0% 0.0% 0
Other Social Issues Shareholders 50 50 74.0% 26.0% 0
Human Rights or Human Capital/workforce Shareholders 28 28 57.1% 42.9% 0
Diversity, Equity, and Inclusion Shareholders 21 21 33.3% 66.7% 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 (15 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 NEW COVENANT FUNDS broke with the board (992 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.
NEW COVENANT FUNDS filed 16,197 vote records for 2025-2026; after removing votes filed twice in different N-PX filings, that is 14,340 ballot items (fund-level observations) across 1,508 issuer names and 1 funds. They cover 14,318 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.
235 items are outside both headline figures.
Besides the table rows neither figure uses:
ExcludedItemsWhy
Not voted10 Reported as not voted, take no action or do not vote. No position was expressed, so there is nothing to count.
Other ballot type91 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 vote134 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 25, 2026. The interactive database shows the same votes company by company, including every individual fund.

NEW COVENANT FUNDS proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).