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Davis Research Fund (DRFAX) 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
Davis New York Venture Fund 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 Davis New York Venture Fund on 2026-08-24 · open the filing · vote table (ProxyVotingTable.xml, 2 MB)
TickerDRFAX (Class A) · 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 57 shareholder proposals would sit under a different issue, or under none. On management's own executive pay resolutions, this fund voted in favour 97.5% of the time across 40 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 12 | 0 | 0% |
| Workers & human rights | 5 | 0 | 0% |
| Pay equity & inclusion | 1 | 0 | 0% |
| Executive pay | 3 | 1 | 33.3% |
| Corporate governance | 24 | 4 | 16.7% |
| Other social issues | 12 | 0 | 0% |
Ballots it voted
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 Davis Research Fund voted with 26,115 shares
“Shareholder Proposal - Energy Supply Ratio.”
SourceDavis New York Venture Fund, Form N-PX filed 2026-08-24 · accession 0000071701-26-000057 · series S000003440 · open the filing
Wells Fargo & Company · 28 April 2026 · put on the ballot by shareholder · Climate & environment
Report on High-Carbon Financing Litigation Risks.
AGAINST Davis Research Fund voted with 26,115 shares
“Shareholder Proposal - Report on High-Carbon Financing Litigation Risks.”
SourceDavis New York Venture Fund, Form N-PX filed 2026-08-24 · accession 0000071701-26-000057 · series S000003440 · 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 Davis Research Fund voted with 7,603 shares
“Report on Data Operations in Human Rights Hotspots”
SourceDavis New York Venture Fund, Form N-PX filed 2026-08-24 · accession 0000071701-26-000057 · series S000003440 · 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 Davis Research Fund voted with 7,603 shares
“Report on Human Rights Due Diligence”
SourceDavis New York Venture Fund, Form N-PX filed 2026-08-24 · accession 0000071701-26-000057 · series S000003440 · open the filing
Adobe Inc. · 15 April 2026 · put on the ballot by shareholder · Pay equity & inclusion
Should Adobe disclose, or change, who sits on its board?
Shareholders asked the company to publish a board skills-and-diversity matrix, or to commit to a minimum representation of women among its directors.
AGAINST Davis Research Fund voted with 3,340 shares
“Stockholder Proposal Regarding Board Matrix.”
SourceDavis New York Venture Fund, Form N-PX filed 2026-08-24 · accession 0000071701-26-000057 · series S000003440 · 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 Davis Research Fund voted with 11,395 shares
“Stockholder proposal to require a shareholder vote on golden parachute arrangements.”
SourceDavis New York Venture Fund, Form N-PX filed 2026-08-24 · accession 0000071701-26-000057 · series S000003440 · open the filing
Adobe Inc. · 15 April 2026 · put on the ballot by shareholder · Executive pay
Should shareholders get a vote before Adobe 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 Davis Research Fund voted with 3,340 shares
“Stockholder Proposal Regarding Vote on Golden Parachutes.”
SourceDavis New York Venture Fund, Form N-PX filed 2026-08-24 · accession 0000071701-26-000057 · series S000003440 · open the filing
Wells Fargo & Company · 28 April 2026 · put on the ballot by shareholder
Should the person who runs Wells Fargo 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.
AGAINST Davis Research Fund voted with 26,115 shares
“Shareholder Proposal - Request for Board of Directors to Adopt Policy for an Independent Chair.”
SourceDavis New York Venture Fund, Form N-PX filed 2026-08-24 · accession 0000071701-26-000057 · series S000003440 · open the filing
Other funds Davis New York Venture Fund 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.