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ClearBridge Appreciation Fund (SHAPX) 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 Partners Investment 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 Partners Investment Trust on 2026-08-14 · open the filing · vote table (ProxyVotingTable.xml, 16 MB)
TickersSHAPX (Class A), SAPCX (Class C), SAPYX (Class I), LMPPX (Class R), LMPIX (Class FI), LMESX (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 97 shareholder proposals would sit under a different issue, or under none. On management's own executive pay resolutions, this fund voted in favour 90.2% of the time across 51 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 20 | 2 | 10% |
| Workers & human rights | 9 | 1 | 11.1% |
| Pay equity & inclusion | 1 | 0 | 0% |
| Executive pay | 3 | 1 | 33.3% |
| Corporate governance | 39 | 18 | 46.2% |
| Other social issues | 25 | 1 | 4% |
Ballots it voted
NVIDIA Corporation · 24 June 2026 · put on the ballot by shareholder · Climate & environment
Should Nvidia 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 ClearBridge Appreciation Fund voted with 4,249,042 shares
“Approval of a non-binding stockholder proposal requesting reporting on greenhouse gas emissions from the use of our sold products.”
SourceLegg Mason Partners Investment Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351490 · series S000016651 · open the filing
Alphabet Inc. · 5 June 2026 · put on the ballot by shareholder · Climate & environment
Should Alphabet 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 ClearBridge Appreciation Fund voted with 1,700,873 shares
“Shareholder proposal regarding an enhanced disclosure on climate goals”
SourceLegg Mason Partners Investment Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351490 · series S000016651 · open the filing
Microsoft Corporation · 5 December 2025 · 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 ClearBridge Appreciation Fund voted with 1,695,729 shares
“Report on Data Operations in Human Rights Hotspots”
SourceLegg Mason Partners Investment Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351490 · series S000016651 · open the filing
Microsoft Corporation · 5 December 2025 · 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.
AGAINST ClearBridge Appreciation Fund voted with 1,695,729 shares
“Report on Human Rights Due Diligence”
SourceLegg Mason Partners Investment Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351490 · series S000016651 · open the filing
The Coca-Cola Company · 29 April 2026 · put on the ballot by shareholder · Pay equity & inclusion
Should Coca-Cola publish what its inclusion policies actually do for its workforce?
Shareholders asked for a report on the company’s LGBTQIA+ equity and inclusion efforts within its human capital management strategy — what the policies are, how they are measured, and what they have changed for employees.
AGAINST ClearBridge Appreciation Fund voted with 1,462,022 shares
“Vote on a shareowner proposal requesting a report on the extent of the Company's diversity, equity and inclusion efforts”
SourceLegg Mason Partners Investment Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351490 · series S000016651 · open the filing
Meta Platforms, Inc. · 27 May 2026 · put on the ballot by shareholder · Executive pay
Regarding annual vote regarding executive pay.
FOR ClearBridge Appreciation Fund voted with 454,419 shares
“A shareholder proposal regarding annual vote regarding executive pay.”
SourceLegg Mason Partners Investment Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351490 · series S000016651 · open the filing
Tesla, Inc. · 6 November 2025 · put on the ballot by shareholder · Executive pay
Regarding adopting targets and reporting on metrics to assess the feasibility of integrating sustainability metrics into senior executive compensation plans.
AGAINST ClearBridge Appreciation Fund voted with 317,649 shares
“A shareholder proposal regarding adopting targets and reporting on metrics to assess the feasibility of integrating sustainability metrics into senior executive compensation plans.”
SourceLegg Mason Partners Investment Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351490 · series S000016651 · open the filing
NVIDIA Corporation · 24 June 2026 · put on the ballot by shareholder
Should a simple majority be enough to pass a measure at Nvidia?
Shareholders asked the company to replace its supermajority voting requirements with a simple majority, so that a measure supported by most shares actually carries.
FOR ClearBridge Appreciation Fund voted with 4,249,042 shares
“Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting provisions in our charter and bylaws with a simple majority voting standard.”
SourceLegg Mason Partners Investment Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351490 · series S000016651 · open the filing
Other funds Legg Mason Partners Investment 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.