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ClearBridge Value Fund (LGVAX) 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)

TickersLGVAX (Class A), LMVTX (Class C), LMVFX (Class FI), LMVRX (Class R), LMNVX (Class I), CBVBX (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. On management's own executive pay resolutions, this fund voted in favour 91.7% of the time across 48 votes.

IssueProposals facedBackedShare backed
Climate & environment800%
Workers & human rights200%
Executive pay100%
Corporate governance16850%
Other social issues1000%

Ballots it voted

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 Value Fund voted with 620,000 shares

“Shareholder proposal regarding an enhanced disclosure on climate goals”

SourceLegg Mason Global Asset Management Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351318 · series S000036164 · open the filing

Alphabet Inc. · 5 June 2026 · put on the ballot by shareholder · Climate & environment

Should Alphabet account for how it builds and uses AI?

Shareholders asked for a report on the company’s use of artificial intelligence — where its training data comes from and on what terms, how the board oversees the risk, and what the technology is doing to the accuracy of what users see.

AGAINST  ClearBridge Value Fund voted with 620,000 shares

“Shareholder proposal regarding a report on water usage and AI development”

SourceLegg Mason Global Asset Management Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351318 · series S000036164 · open the filing

Chevron Corporation · 27 May 2026 · put on the ballot by shareholder · Workforce & human rights

Should Chevron 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 Value Fund voted with 600,000 shares

“Commission a Third-Party Report on Human Rights Processes”

SourceLegg Mason Global Asset Management Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351318 · series S000036164 · open the filing

Chevron Corporation · 27 May 2026 · put on the ballot by shareholder · Workforce & human rights

Report on Indigenous Peoples' Rights

AGAINST  ClearBridge Value Fund voted with 600,000 shares

“Report on Indigenous Peoples' Rights”

SourceLegg Mason Global Asset Management Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351318 · series S000036164 · open the filing

Capital One Financial Corporation · 8 May 2026 · put on the ballot by shareholder · Executive pay

Should shareholders get a vote before Capital One Financial 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  ClearBridge Value Fund voted with 285,000 shares

“Stockholder proposal to require a shareholder vote on golden parachute arrangements.”

SourceLegg Mason Global Asset Management Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351318 · series S000036164 · open the filing

Bank of America Corporation · 4 May 2026 · put on the ballot by shareholder

Should the person who runs Bank of America also chair the board that supervises them?

Shareholders asked the company to require that the chair of the board be an independent director rather than the chief executive, so that the body overseeing management is not led by the person being overseen.

FOR  ClearBridge Value Fund voted with 2,700,000 shares

“Shareholder proposal requesting independent board chair”

SourceLegg Mason Global Asset Management Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351318 · series S000036164 · open the filing

CVS Health Corporation · 14 May 2026 · put on the ballot by shareholder

Should CVS Health’s shareholders be able to act without waiting for a meeting?

Shareholders asked for the right to act by written consent — to approve a measure once holders of enough shares agree in writing, instead of waiting for the company to schedule a meeting.

FOR  ClearBridge Value Fund voted with 1,075,000 shares

“Stockholder Proposal for Reducing the Threshold for Our Stockholder Right to Act By Written Consent.”

SourceLegg Mason Global Asset Management Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351318 · series S000036164 · open the filing

Bank of America Corporation · 4 May 2026 · put on the ballot by shareholder · Social

Should Bank of America’s board account for how animals are treated in its supply chain?

Shareholders asked for a report on how the board oversees animal welfare risk in the company’s operations and supply chain, and on how the company’s practices compare with its stated policy.

AGAINST  ClearBridge Value Fund voted with 2,700,000 shares

“Shareholder proposal requesting report on board oversight of risks related to animal welfare”

SourceLegg Mason Global Asset Management Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351318 · series S000036164 · 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.

BrandywineGLOBAL - Diversified US Large Cap Value Fund90.8% for exec payClearBridge Emerging Markets Fund50% for exec payClearBridge Global Infrastructure Income Fund95.7% for exec payClearBridge International Growth Fund97.2% for exec payClearBridge Small Cap Fund89.7% for exec payFranklin International Equity Fund94% for exec payFranklin U.S. Small Cap Equity Fund89.4% for exec pay

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.

More funds no plan we index offers, and how each voted →