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BrandywineGLOBAL - Diversified US Large Cap Value Fund (LBWAX) proxy voting record 2026
Three of its ballots from this season. Vote first, then see what it did with the shares your savings paid for.
The question on the ballot
As filed
Legg Mason Global Asset Management Trust 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 Legg Mason Global Asset Management Trust on 2026-08-14 · open the filing · vote table (ProxyVotingTable.xml, 10 MB)
TickersLBWAX (Class A), LBWCX (Class C), LBDRX (Class R), LBWIX (Class I), LBISX (Class IS) · share classes of one fund, with one proxy-voting record · as listed in its latest SEC filing of proxy votes
How it voted, by issue
Fund companies sometimes file the same proposal under different subjects. So that funds can be compared, each proposal is counted under the subject most of the filings we read gave it, the same for every fund on this site. Counted by this fund’s own filing alone, 1 of its 151 shareholder proposals would sit under a different issue, or under none. On management's own executive pay resolutions, this fund voted in favour 90.8% of the time across 173 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 33 | 5 | 15.2% |
| Workers & human rights | 5 | 0 | 0% |
| Pay equity & inclusion | 2 | 1 | 50% |
| Executive pay | 3 | 3 | 100% |
| Corporate governance | 86 | 71 | 82.6% |
| Other social issues | 22 | 5 | 22.7% |
Ballots it voted
Verizon Communications Inc. · 21 May 2026 · put on the ballot by shareholder · Climate & environment
Should Verizon Communications 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 BrandywineGLOBAL - Diversified US Large Cap Value Fund voted with 36,400 shares
“Board oversight of material issues related to climate change”
SourceLegg Mason Global Asset Management Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351318 · series S000029727 · open the filing
Wells Fargo & Company · 28 April 2026 · put on the ballot by shareholder · Climate & environment
Should Wells Fargo disclose what it finances, not just what it emits?
Shareholders asked the company to disclose the emissions attached to its lending, underwriting or energy mix — the ratio of clean to fossil financing, or an assessment of its clients’ own transition plans — rather than reporting only the emissions of its own offices.
AGAINST BrandywineGLOBAL - Diversified US Large Cap Value Fund voted with 24,700 shares
“Shareholder Proposal - Energy Supply Ratio.”
SourceLegg Mason Global Asset Management Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351318 · series S000029727 · open the filing
PepsiCo, Inc. · 6 May 2026 · put on the ballot by shareholder · Workforce & human rights
Should PepsiCo 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.
AGAINST BrandywineGLOBAL - Diversified US Large Cap Value Fund voted with 16,500 shares
“Shareholder Proposal - Report on Human Rights Oversight.”
SourceLegg Mason Global Asset Management Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351318 · series S000029727 · open the filing
General Motors Company · 2 June 2026 · put on the ballot by shareholder · Workforce & human rights
Should General Motors 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.
AGAINST BrandywineGLOBAL - Diversified US Large Cap Value Fund voted with 10,100 shares
“Shareholder Proposal Requesting a Report on Human Rights Standards for Indigenous Peoples”
SourceLegg Mason Global Asset Management Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351318 · series S000029727 · open the filing
Universal Health Services, Inc. · 20 May 2026 · put on the ballot by shareholder · Pay equity & inclusion
Should Universal Health Services disclose more about the people it employs?
Shareholders asked for fuller disclosure of the company’s human capital — the composition of the workforce, turnover, and how the company invests in the people it employs.
AGAINST BrandywineGLOBAL - Diversified US Large Cap Value Fund voted with 700 shares
“Stockholder proposal to adopt a policy requiring Universal Health Services, Inc. to publicly disclose its workforce diversity, if properly presented at the meeting.”
SourceLegg Mason Global Asset Management Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351318 · series S000029727 · open the filing
AT&T Inc. · 14 May 2026 · put on the ballot by shareholder · Pay equity & inclusion
Should AT&T publish the workforce breakdown it already files with the government?
Shareholders asked the company to publish its EEO-1 report — the table of employees by job category, race and sex that it is already required to submit to federal regulators — instead of keeping it confidential.
FOR BrandywineGLOBAL - Diversified US Large Cap Value Fund voted with 60,700 shares
“EEO-1 Report Disclosure Policy”
SourceLegg Mason Global Asset Management Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351318 · series S000029727 · open the filing
CF Industries Holdings, Inc. · 28 April 2026 · put on the ballot by shareholder · Executive pay
Should shareholders get a vote before CF Industries Holdings 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.
FOR BrandywineGLOBAL - Diversified US Large Cap Value Fund voted with 1,600 shares
“Shareholder proposal regarding shareholder approval requirement for excessive golden parachutes, if properly presented at the meeting.”
SourceLegg Mason Global Asset Management Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351318 · series S000029727 · open the filing
Meta Platforms, Inc. · 27 May 2026 · put on the ballot by shareholder · Executive pay
Regarding annual vote regarding executive pay.
FOR BrandywineGLOBAL - Diversified US Large Cap Value Fund voted with 1,350 shares
“A shareholder proposal regarding annual vote regarding executive pay.”
SourceLegg Mason Global Asset Management Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351318 · series S000029727 · open the filing
Other funds Legg Mason Global Asset Management Trust votes
The same filer reports these alongside this one, in the same annual filing.
No 401(k) plan we index offers this fund. Its record is here because the fund files it with the SEC, as every fund must: whoever holds it, in an IRA, a brokerage account or a plan we have not indexed, the fund votes those shares as shown on this page.