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Victory Multi-Cap Fund, formerly Victory Munder Multi-Cap Fund (MNNAX) 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
Victory Portfolios 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 Victory Portfolios on 2026-08-27 · open the filing · vote table (ProxyVotingTable.xml, 27 MB)
TickersMNNAX (Class A), MNNCX (Class C), MNNYX (Class Y) · 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 114 shareholder proposals would sit under a different issue, or under none. On management's own executive pay resolutions, this fund voted in favour 89% of the time across 91 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 24 | 0 | 0% |
| Workers & human rights | 10 | 0 | 0% |
| Pay equity & inclusion | 1 | 0 | 0% |
| Executive pay | 5 | 2 | 40% |
| Corporate governance | 45 | 29 | 64.4% |
| Other social issues | 29 | 2 | 6.9% |
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 Victory Multi-Cap Fund, formerly Victory Munder Multi-Cap Fund voted with 217,100 shares
“Approval of a non-binding stockholder proposal requesting reporting on greenhouse gas emissions from the use of our sold products.”
SourceVictory Portfolios, Form N-PX filed 2026-08-27 · accession 0000802716-26-000014 · series S000046395 · 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 Victory Multi-Cap Fund, formerly Victory Munder Multi-Cap Fund voted with 85,360 shares
“Shareholder proposal regarding an enhanced disclosure on climate goals”
SourceVictory Portfolios, Form N-PX filed 2026-08-27 · accession 0000802716-26-000014 · series S000046395 · 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 Victory Multi-Cap Fund, formerly Victory Munder Multi-Cap Fund voted with 64,160 shares
“Report on Data Operations in Human Rights Hotspots”
SourceVictory Portfolios, Form N-PX filed 2026-08-27 · accession 0000802716-26-000014 · series S000046395 · 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 Victory Multi-Cap Fund, formerly Victory Munder Multi-Cap Fund voted with 64,160 shares
“Report on Human Rights Due Diligence”
SourceVictory Portfolios, Form N-PX filed 2026-08-27 · accession 0000802716-26-000014 · series S000046395 · 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 Victory Multi-Cap Fund, formerly Victory Munder Multi-Cap Fund voted with 11,700 shares
“Stockholder proposal to adopt a policy requiring Universal Health Services, Inc. to publicly disclose its workforce diversity, if properly presented at the meeting.”
SourceVictory Portfolios, Form N-PX filed 2026-08-27 · accession 0000802716-26-000014 · series S000046395 · open the filing
Meta Platforms, Inc. · 27 May 2026 · put on the ballot by shareholder · Executive pay
Regarding annual vote regarding executive pay.
FOR Victory Multi-Cap Fund, formerly Victory Munder Multi-Cap Fund voted with 18,800 shares
“A shareholder proposal regarding annual vote regarding executive pay.”
SourceVictory Portfolios, Form N-PX filed 2026-08-27 · accession 0000802716-26-000014 · series S000046395 · 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 Victory Multi-Cap Fund, formerly Victory Munder Multi-Cap Fund voted with 12,600 shares
“A shareholder proposal regarding adopting targets and reporting on metrics to assess the feasibility of integrating sustainability metrics into senior executive compensation plans.”
SourceVictory Portfolios, Form N-PX filed 2026-08-27 · accession 0000802716-26-000014 · series S000046395 · 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 Victory Multi-Cap Fund, formerly Victory Munder Multi-Cap Fund voted with 217,100 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.”
SourceVictory Portfolios, Form N-PX filed 2026-08-27 · accession 0000802716-26-000014 · series S000046395 · open the filing
Other funds Victory Portfolios 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.