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Westwood LBRTY Global Equity ETF (BFRE) 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

Ultimus Managers 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 Ultimus Managers Trust on 2026-08-25 · open the filing · vote table (proxytable.xml, 4.1 MB)

TickerBFRE · 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, 7 of its 39 shareholder proposals would sit under a different issue, or under none. On management's own executive pay resolutions, this fund voted in favour 81% of the time across 21 votes.

IssueProposals facedBackedShare backed
Climate & environment1100%
Workers & human rights400%
Executive pay200%
Corporate governance161381.3%
Other social issues6116.7%

Ballots it voted

the Procter & Gamble Company · 14 October 2025 · put on the ballot by shareholder · Climate & environment

Should Procter & Gamble report on the single-use plastic it puts into the world?

Shareholders asked for a report on how much single-use plastic packaging the company uses, the risks that creates as regulation tightens, and what it plans to do to reduce it.

AGAINST  Westwood LBRTY Global Equity ETF voted with 250 shares

“Shareholder Proposal Requesting Additional Reporting on Plastic Packaging”

SourceUltimus Managers Trust, Form N-PX filed 2026-08-25 · accession 0001580642-26-005609 · series S000091091 · open the filing

Deere & Company · 25 February 2026 · put on the ballot by shareholder · Climate & environment

Should Deere 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  Westwood LBRTY Global Equity ETF voted with 41 shares

“Shareholder proposal on a report on the return on investment of emission reduction goals”

SourceUltimus Managers Trust, Form N-PX filed 2026-08-25 · accession 0001580642-26-005609 · series S000091091 · 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  Westwood LBRTY Global Equity ETF voted with 191 shares

“Report on Data Operations in Human Rights Hotspots”

SourceUltimus Managers Trust, Form N-PX filed 2026-08-25 · accession 0001580642-26-005609 · series S000091091 · 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  Westwood LBRTY Global Equity ETF voted with 191 shares

“Report on Human Rights Due Diligence”

SourceUltimus Managers Trust, Form N-PX filed 2026-08-25 · accession 0001580642-26-005609 · series S000091091 · 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  Westwood LBRTY Global Equity ETF voted with 102 shares

“A shareholder proposal regarding adopting targets and reporting on metrics to assess the feasibility of integrating sustainability metrics into senior executive compensation plans.”

SourceUltimus Managers Trust, Form N-PX filed 2026-08-25 · accession 0001580642-26-005609 · series S000091091 · open the filing

Palo Alto Networks, Inc. · 9 December 2025 · put on the ballot by shareholder · Executive pay

To consider and vote upon a shareholder proposal

AGAINST  Westwood LBRTY Global Equity ETF voted with 6 shares

“To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding a policy addressing the impact of share repurchases on financial performance metrics.”

SourceUltimus Managers Trust, Form N-PX filed 2026-08-25 · accession 0001580642-26-005609 · series S000091091 · open the filing

Starbucks Corporation · 25 March 2026 · put on the ballot by shareholder

Should a simple majority be enough to pass a measure at Starbucks?

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  Westwood LBRTY Global Equity ETF voted with 180 shares

“Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority voting requirements”

SourceUltimus Managers Trust, Form N-PX filed 2026-08-25 · accession 0001580642-26-005609 · series S000091091 · open the filing

Starbucks Corporation · 25 March 2026 · put on the ballot by shareholder

Should the person who runs Starbucks 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  Westwood LBRTY Global Equity ETF voted with 180 shares

“Shareholder proposal requesting adoption of an independent board chair policy”

SourceUltimus Managers Trust, Form N-PX filed 2026-08-25 · accession 0001580642-26-005609 · series S000091091 · open the filing

Other funds Ultimus Managers Trust votes

The same filer reports these alongside this one, in the same annual filing.

Westwood Income Opportunity Fund80.6% for exec payWestwood Multi-Asset Income Fund85.2% for exec payWestwood Quality AllCap Fund66.7% for exec payWestwood Quality SmallCap Fund92.9% for exec payWestwood Quality Smidcap Fund95.7% for exec payWestwood Quality Value Fund84.2% 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 →