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Blue Chip Fund proxy voting record
Principal Funds files this fund's proxy votes with the SEC once a year. This is what it did with the shares your retirement savings paid for.
SourceProxy-voting record filed by Principal Funds on 2025-08-28 · open the filing · vote table (pfi831_81107572npxicavote.xml, 25 MB)
How it voted, by issue
Proposals are grouped by the subject the filer itself recorded. On management's own executive pay resolutions, this fund voted in favour 96.2% of the time across 26 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 15 | 0 | 0% |
| Workers & human rights | 5 | 1 | 20% |
| Pay equity & inclusion | 3 | 0 | 0% |
| Executive pay | 5 | 0 | 0% |
| Corporate governance | 13 | 3 | 23.1% |
| Other social issues | 13 | 1 | 7.7% |
Ballots it voted
Brookfield Corporation · 6 June 2025 · put on the ballot by shareholder · Climate & environment
Should Brookfield publish a fuller account of its emissions and how it plans to cut them?
Shareholders asked the company to disclose its greenhouse gas emissions more completely, or to have its reduction targets independently assessed, so that the plan can be checked rather than taken on trust.
AGAINST Blue Chip Fund voted with 9,832,679 shares
“Disclose Net Zero Target Achievement Via Transition Strategy Approach”

The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourcePrincipal Funds, Form N-PX filed 2025-08-28 · accession 0000898745-25-000365 · series S000037378 · open the filing
Amazon.com, Inc. · 21 May 2025 · put on the ballot by shareholder · Climate & environment
Should Amazon.com publish a fuller account of its emissions and how it plans to cut them?
Shareholders asked the company to disclose its greenhouse gas emissions more completely, or to have its reduction targets independently assessed, so that the plan can be checked rather than taken on trust.
AGAINST Blue Chip Fund voted with 4,831,589 shares
“SHAREHOLDER PROPOSAL REQUESTING ALTERNATIVE EMISSIONS REPORTING”

The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourcePrincipal Funds, Form N-PX filed 2025-08-28 · accession 0000898745-25-000365 · series S000037378 · open the filing
Amazon.com, Inc. · 21 May 2025 · put on the ballot by shareholder · Workforce & human rights
Should Amazon.com publish a report on working conditions inside its warehouses?
Shareholders asked the board to commission and publish a report on working conditions in the company’s warehouses — injury and illness rates, the effect of productivity quotas and the pace of work, and how the company’s own practices compare with what it says publicly.
AGAINST Blue Chip Fund voted with 4,831,589 shares
“SHAREHOLDER PROPOSAL REQUESTING A REPORT ON WAREHOUSE WORKING CONDITIONS”

The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourcePrincipal Funds, Form N-PX filed 2025-08-28 · accession 0000898745-25-000365 · series S000037378 · open the filing
Microsoft Corporation · 10 December 2024 · put on the ballot by shareholder · Workforce & human rights
Should Microsoft assess the human rights risks its own operations create?
Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.
FOR Blue Chip Fund voted with 3,150,575 shares
“Report on Data Operations in Human Rights Hotspots”

The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourcePrincipal Funds, Form N-PX filed 2025-08-28 · accession 0000898745-25-000365 · series S000037378 · open the filing
Mastercard Incorporated · 24 June 2025 · put on the ballot by shareholder · Pay equity & inclusion
Should an independent auditor examine how Mastercard Incorporated affects civil rights?
Shareholders asked the board to commission an independent, third-party audit of the company’s impact on civil rights and racial equity — its workforce, its customers and the communities it operates in — and to publish what the auditor finds.
AGAINST Blue Chip Fund voted with 930,260 shares
“Consideration of a stockholder proposal requesting a racial equity audit report”

The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourcePrincipal Funds, Form N-PX filed 2025-08-28 · accession 0000898745-25-000365 · series S000037378 · open the filing
Netflix, Inc. · 5 June 2025 · put on the ballot by shareholder · Pay equity & inclusion
Should Netflix strengthen its rules against discrimination and harassment?
Shareholders asked the company to amend its code of conduct, or report on its record, so that protections against discrimination and harassment are explicit and enforceable rather than aspirational.
AGAINST Blue Chip Fund voted with 535,346 shares
“Stockholder proposal entitled, "Amend the Code of Ethics to enhance policies on non-discrimination, anti-harassment, and whistleblower protection," if properly presented at the meeting.”

The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourcePrincipal Funds, Form N-PX filed 2025-08-28 · accession 0000898745-25-000365 · series S000037378 · open the filing
O'Reilly Automotive, Inc. · 15 May 2025 · put on the ballot by shareholder · Executive pay
Should O'Reilly Automotive be able to take back pay awarded on results that turn out to be wrong?
Shareholders asked the board to strengthen its clawback policy, so that bonuses and share awards can be recovered when they were earned on misstated results or on conduct that later causes the company harm.
AGAINST Blue Chip Fund voted with 212,297 shares
“Shareholder proposal entitled "Support Improved Clawback Policy for Unearned Executive Pay."”

The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourcePrincipal Funds, Form N-PX filed 2025-08-28 · accession 0000898745-25-000365 · series S000037378 · open the filing
Moody's Corporation · 15 April 2025 · put on the ballot by shareholder · Executive pay
Should shareholders get a vote before Moody's pays a departing executive?
Shareholders asked the company to seek shareholder approval for any severance package to a senior executive above a set multiple of salary and bonus — so that very large exit payments cannot be agreed by the board alone.
AGAINST Blue Chip Fund voted with 117,662 shares
“Stockholder proposal requesting stockholder ratification of certain executive severance arrangements.”

The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourcePrincipal Funds, Form N-PX filed 2025-08-28 · accession 0000898745-25-000365 · series S000037378 · open the filing
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