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The Value Fund (CFVLX) 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
Commerce 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 Commerce Funds on 2026-08-27 · open the filing · vote table (BRDQT3_0000926243_2026.xml, 2.8 MB)
TickerCFVLX (Shares) · 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, 20 of its 78 shareholder proposals would sit under a different issue, or under none. On management's own executive pay resolutions, this fund voted in favour 85.1% of the time across 47 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 25 | 0 | 0% |
| Workers & human rights | 6 | 1 | 16.7% |
| Corporate governance | 30 | 5 | 16.7% |
| Other social issues | 17 | 4 | 23.5% |
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 The Value Fund voted with 87,375 shares
“Board oversight of material issues related to climate change”
SourceCommerce Funds, Form N-PX filed 2026-08-27 · accession 0001193125-26-371600 · series S000010026 · open the filing
Tyson Foods, Inc. · 5 February 2026 · put on the ballot by shareholder · Climate & environment
Regarding report on environmental and human health impacts from waste lagoons.
AGAINST The Value Fund voted with 53,985 shares
“Shareholder proposal regarding report on environmental and human health impacts from waste lagoons.”
SourceCommerce Funds, Form N-PX filed 2026-08-27 · accession 0001193125-26-371600 · series S000010026 · 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 The Value Fund voted with 30,580 shares
“Shareholder Proposal - Report on Human Rights Oversight.”
SourceCommerce Funds, Form N-PX filed 2026-08-27 · accession 0001193125-26-371600 · series S000010026 · open the filing
Walmart Inc. · 4 June 2026 · put on the ballot by shareholder · Workforce & human rights
Should Walmart explain how its board oversees the safety of the people who work for it?
Shareholders asked for a report on how health and safety is actually governed — who on the board is accountable, what the company measures, how injuries and fatalities are counted, and whether contractors and temporary workers are covered by the same standards as employees.
AGAINST The Value Fund voted with 26,765 shares
“Report on Workplace Health and Safety Governance”
SourceCommerce Funds, Form N-PX filed 2026-08-27 · accession 0001193125-26-371600 · series S000010026 · open the filing
Comcast Corporation · 10 June 2026 · put on the ballot by shareholder
Should the person who runs Comcast 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 The Value Fund voted with 139,905 shares
“Adopt policy to have an independent chair”
SourceCommerce Funds, Form N-PX filed 2026-08-27 · accession 0001193125-26-371600 · series S000010026 · 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.
AGAINST The Value Fund voted with 91,785 shares
“Shareholder proposal requesting independent board chair”
SourceCommerce Funds, Form N-PX filed 2026-08-27 · accession 0001193125-26-371600 · series S000010026 · 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 The Value Fund voted with 91,785 shares
“Shareholder proposal requesting report on board oversight of risks related to animal welfare”
SourceCommerce Funds, Form N-PX filed 2026-08-27 · accession 0001193125-26-371600 · series S000010026 · open the filing
Tyson Foods, Inc. · 5 February 2026 · put on the ballot by shareholder · Social
Regarding report on the anticipated impact of recent changes in US immigration practices on the Company's finances and operations.
FOR The Value Fund voted with 53,985 shares
“Shareholder proposal regarding report on the anticipated impact of recent changes in US immigration practices on the Company's finances and operations.”
SourceCommerce Funds, Form N-PX filed 2026-08-27 · accession 0001193125-26-371600 · series S000010026 · open the filing
Other funds Commerce Funds 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.