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DSV A/S 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated 02 October 2026.

54Reported items
115Asset managers
4,608Fund votes
2025-03-20Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore DSV A/S in the interactive database Compare manager voting policies

How asset managers voted at the DSV A/S 2024-2025 meeting

Each item below shows how the 115 asset managers that disclosed a DSV A/S vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of DSV A/S’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Approve Remuneration Report

COMPENSATION

96% fund support · no official result

FOR 96%

The 66 asset managers below cast 96% of the shares they voted on this item FOR (30,130,626 for, 1,373,089 against).

FOR: 30,130,626 (95.6%)AGAINST: 1,373,089 (4.4%)

Largest asset managers voting on “Approve Remuneration Report” at DSV A/S, 2024-2025
Asset manager	For	Against	Vote
Capital Group	8,290,672	0	For
Vanguard	5,681,434	0	For
Fidelity	5,570,254	0	For
EUPAC FUND	2,620,572	0	For
Morgan Stanley	1,971,913	58,553	For
TIAA	1,566,982	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,262,011	0	For
Dimensional	0	1,243,989	Against
INTERNATIONAL GROWTH & INCOME FUND	357,392	0	For
JPMorgan	341,533	0	For
State Street	331,078	0	For
AllianceBernstein	315,728	0	For
AIG/SunAmerica	219,217	0	For
WILLIAM BLAIR FUNDS	202,017	0	For
Brighthouse	186,789	0	For
Franklin Global Trust	185,000	0	For
Artisan	120,782	0	For
Columbia Threadneedle	116,574	0	For
DWS	107,568	0	For
Desjardins Global Asset Management Inc.	106,792	0	For
Empower	100,001	0	For
Equitable	75,154	0	For
Northern Trust	69,479	0	For
APG Asset Management US Inc.	0	65,856	Against
WisdomTree	54,252	0	For

Showing the 25 largest of 66 asset managers. See all 66 in the interactive database.

2. Accept Financial Statements and Statutory Reports

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 63 asset managers below cast 100% of the shares they voted on this item FOR (30,989,534 for, 0 against).

FOR: 30,989,534 (100.0%)

Largest asset managers voting on “Accept Financial Statements and Statutory Reports” at DSV A/S, 2024-2025
Asset manager	For	Vote
Capital Group	8,290,672	For
Vanguard	5,681,434	For
Fidelity	5,570,254	For
EUPAC FUND	2,620,572	For
Morgan Stanley	2,030,466	For
TIAA	1,566,982	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,262,011	For
Dimensional	1,243,989	For
INTERNATIONAL GROWTH & INCOME FUND	357,392	For
State Street	331,078	For
AllianceBernstein	315,728	For
AIG/SunAmerica	219,217	For
WILLIAM BLAIR FUNDS	202,017	For
Brighthouse	186,789	For
Franklin Global Trust	185,000	For
Artisan	120,782	For
Columbia Threadneedle	116,574	For
DWS	107,568	For
Empower	100,001	For
Equitable	75,154	For
Northern Trust	69,479	For
WisdomTree	54,252	For
GuideStone	29,383	For
Lincoln Financial	28,903	For
American Century	26,578	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

3. Approve Allocation of Income and Dividends of DKK 7 Per Share

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 63 asset managers below cast 100% of the shares they voted on this item FOR (30,989,534 for, 0 against).

FOR: 30,989,534 (100.0%)

Largest asset managers voting on “Approve Allocation of Income and Dividends of DKK 7 Per Share” at DSV A/S, 2024-2025
Asset manager	For	Vote
Capital Group	8,290,672	For
Vanguard	5,681,434	For
Fidelity	5,570,254	For
EUPAC FUND	2,620,572	For
Morgan Stanley	2,030,466	For
TIAA	1,566,982	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,262,011	For
Dimensional	1,243,989	For
INTERNATIONAL GROWTH & INCOME FUND	357,392	For
State Street	331,078	For
AllianceBernstein	315,728	For
AIG/SunAmerica	219,217	For
WILLIAM BLAIR FUNDS	202,017	For
Brighthouse	186,789	For
Franklin Global Trust	185,000	For
Artisan	120,782	For
Columbia Threadneedle	116,574	For
DWS	107,568	For
Empower	100,001	For
Equitable	75,154	For
Northern Trust	69,479	For
WisdomTree	54,252	For
GuideStone	29,383	For
Lincoln Financial	28,903	For
American Century	26,578	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

4. Approve Creation of DKK 48.1 Million Pool of Capital with Preemptive Rights; Approve Creation of DKK 48.1 Million Pool of Capital without Preemptive Rights; Maximum Increase in Share Capital under Both Authorizations up to DKK 48.1 Million

CAPITAL STRUCTURE

93% fund support · no official result

FOR 93%7%

The 63 asset managers below cast 93% of the shares they voted on this item FOR (28,690,878 for, 2,298,656 against).

FOR: 28,690,878 (92.6%)AGAINST: 2,298,656 (7.4%)

Largest asset managers voting on “Approve Creation of DKK 48.1 Million Pool of Capital with Preemptive Rights; Approve Creation of DKK 48.1 Mill” at DSV A/S, 2024-2025
Asset manager	For	Against	Vote
Capital Group	8,290,672	0	For
Vanguard	5,681,434	0	For
Fidelity	5,570,254	0	For
EUPAC FUND	2,620,572	0	For
Morgan Stanley	2,029,500	966	For
TIAA	1,566,982	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,262,011	0	For
Dimensional	0	1,243,989	Against
INTERNATIONAL GROWTH & INCOME FUND	357,392	0	For
State Street	331,078	0	For
AllianceBernstein	315,728	0	For
AIG/SunAmerica	0	219,217	Against
WILLIAM BLAIR FUNDS	202,017	0	For
Brighthouse	169,545	17,244	For
Franklin Global Trust	0	185,000	Against
Artisan	120,782	0	For
Columbia Threadneedle	0	116,574	Against
DWS	0	107,568	Against
Empower	0	100,001	Against
Equitable	75,154	0	For
Northern Trust	0	69,479	Against
WisdomTree	0	54,252	Against
GuideStone	0	29,383	Against
Lincoln Financial	28,628	275	For
American Century	0	26,578	Against

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

5. Approve Guidelines for Incentive-Based Compensation for Executive Management and Board

COMPENSATION

96% fund support · no official result

FOR 96%

The 63 asset managers below cast 96% of the shares they voted on this item FOR (29,682,301 for, 1,307,233 against).

FOR: 29,682,301 (95.8%)AGAINST: 1,307,233 (4.2%)

Largest asset managers voting on “Approve Guidelines for Incentive-Based Compensation for Executive Management and Board” at DSV A/S, 2024-2025
Asset manager	For	Against	Vote
Capital Group	8,290,672	0	For
Vanguard	5,681,434	0	For
Fidelity	5,570,254	0	For
EUPAC FUND	2,620,572	0	For
Morgan Stanley	1,971,913	58,553	For
TIAA	1,566,982	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,262,011	0	For
Dimensional	0	1,243,989	Against
INTERNATIONAL GROWTH & INCOME FUND	357,392	0	For
State Street	331,078	0	For
AllianceBernstein	315,728	0	For
AIG/SunAmerica	219,217	0	For
WILLIAM BLAIR FUNDS	202,017	0	For
Brighthouse	186,789	0	For
Franklin Global Trust	185,000	0	For
Artisan	120,782	0	For
Columbia Threadneedle	116,574	0	For
DWS	107,568	0	For
Empower	100,001	0	For
Equitable	75,154	0	For
Northern Trust	69,479	0	For
WisdomTree	54,252	0	For
GuideStone	29,383	0	For
Lincoln Financial	28,628	275	For
American Century	26,578	0	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

6. Approve Remuneration of Directors

COMPENSATION

100% fund support · no official result

FOR 100%

The 63 asset managers below cast 100% of the shares they voted on this item FOR (30,989,534 for, 0 against).

FOR: 30,989,534 (100.0%)

Largest asset managers voting on “Approve Remuneration of Directors” at DSV A/S, 2024-2025
Asset manager	For	Vote
Capital Group	8,290,672	For
Vanguard	5,681,434	For
Fidelity	5,570,254	For
EUPAC FUND	2,620,572	For
Morgan Stanley	2,030,466	For
TIAA	1,566,982	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,262,011	For
Dimensional	1,243,989	For
INTERNATIONAL GROWTH & INCOME FUND	357,392	For
State Street	331,078	For
AllianceBernstein	315,728	For
AIG/SunAmerica	219,217	For
WILLIAM BLAIR FUNDS	202,017	For
Brighthouse	186,789	For
Franklin Global Trust	185,000	For
Artisan	120,782	For
Columbia Threadneedle	116,574	For
DWS	107,568	For
Empower	100,001	For
Equitable	75,154	For
Northern Trust	69,479	For
WisdomTree	54,252	For
GuideStone	29,383	For
Lincoln Financial	28,903	For
American Century	26,578	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

7. Authorize Share Repurchase Program

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 63 asset managers below cast 100% of the shares they voted on this item FOR (30,989,534 for, 0 against).

FOR: 30,989,534 (100.0%)

Largest asset managers voting on “Authorize Share Repurchase Program” at DSV A/S, 2024-2025
Asset manager	For	Vote
Capital Group	8,290,672	For
Vanguard	5,681,434	For
Fidelity	5,570,254	For
EUPAC FUND	2,620,572	For
Morgan Stanley	2,030,466	For
TIAA	1,566,982	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,262,011	For
Dimensional	1,243,989	For
INTERNATIONAL GROWTH & INCOME FUND	357,392	For
State Street	331,078	For
AllianceBernstein	315,728	For
AIG/SunAmerica	219,217	For
WILLIAM BLAIR FUNDS	202,017	For
Brighthouse	186,789	For
Franklin Global Trust	185,000	For
Artisan	120,782	For
Columbia Threadneedle	116,574	For
DWS	107,568	For
Empower	100,001	For
Equitable	75,154	For
Northern Trust	69,479	For
WisdomTree	54,252	For
GuideStone	29,383	For
Lincoln Financial	28,903	For
American Century	26,578	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

8. Elect Natalie Shaverdian Riise-Knudsen as New Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 63 asset managers below cast 100% of the shares they voted on this item FOR (30,989,534 for, 0 against).

FOR: 30,989,534 (100.0%)

Largest asset managers voting on “Elect Natalie Shaverdian Riise-Knudsen as New Director” at DSV A/S, 2024-2025
Asset manager	For	Vote
Capital Group	8,290,672	For
Vanguard	5,681,434	For
Fidelity	5,570,254	For
EUPAC FUND	2,620,572	For
Morgan Stanley	2,030,466	For
TIAA	1,566,982	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,262,011	For
Dimensional	1,243,989	For
INTERNATIONAL GROWTH & INCOME FUND	357,392	For
State Street	331,078	For
AllianceBernstein	315,728	For
AIG/SunAmerica	219,217	For
WILLIAM BLAIR FUNDS	202,017	For
Brighthouse	186,789	For
Franklin Global Trust	185,000	For
Artisan	120,782	For
Columbia Threadneedle	116,574	For
DWS	107,568	For
Empower	100,001	For
Equitable	75,154	For
Northern Trust	69,479	For
WisdomTree	54,252	For
GuideStone	29,383	For
Lincoln Financial	28,903	For
American Century	26,578	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

9. Elect Sabine Bendiek as New Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 63 asset managers below cast 100% of the shares they voted on this item FOR (30,989,534 for, 0 against).

FOR: 30,989,534 (100.0%)

Largest asset managers voting on “Elect Sabine Bendiek as New Director” at DSV A/S, 2024-2025
Asset manager	For	Vote
Capital Group	8,290,672	For
Vanguard	5,681,434	For
Fidelity	5,570,254	For
EUPAC FUND	2,620,572	For
Morgan Stanley	2,030,466	For
TIAA	1,566,982	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,262,011	For
Dimensional	1,243,989	For
INTERNATIONAL GROWTH & INCOME FUND	357,392	For
State Street	331,078	For
AllianceBernstein	315,728	For
AIG/SunAmerica	219,217	For
WILLIAM BLAIR FUNDS	202,017	For
Brighthouse	186,789	For
Franklin Global Trust	185,000	For
Artisan	120,782	For
Columbia Threadneedle	116,574	For
DWS	107,568	For
Empower	100,001	For
Equitable	75,154	For
Northern Trust	69,479	For
WisdomTree	54,252	For
GuideStone	29,383	For
Lincoln Financial	28,903	For
American Century	26,578	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

10. Ratify PricewaterhouseCoopers as Auditor

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 63 asset managers below cast 100% of the shares they voted on this item FOR (30,989,534 for, 0 against).

FOR: 30,989,534 (100.0%)

Largest asset managers voting on “Ratify PricewaterhouseCoopers as Auditor” at DSV A/S, 2024-2025
Asset manager	For	Vote
Capital Group	8,290,672	For
Vanguard	5,681,434	For
Fidelity	5,570,254	For
EUPAC FUND	2,620,572	For
Morgan Stanley	2,030,466	For
TIAA	1,566,982	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,262,011	For
Dimensional	1,243,989	For
INTERNATIONAL GROWTH & INCOME FUND	357,392	For
State Street	331,078	For
AllianceBernstein	315,728	For
AIG/SunAmerica	219,217	For
WILLIAM BLAIR FUNDS	202,017	For
Brighthouse	186,789	For
Franklin Global Trust	185,000	For
Artisan	120,782	For
Columbia Threadneedle	116,574	For
DWS	107,568	For
Empower	100,001	For
Equitable	75,154	For
Northern Trust	69,479	For
WisdomTree	54,252	For
GuideStone	29,383	For
Lincoln Financial	28,903	For
American Century	26,578	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

11. Reelect Beat Walti as Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 63 asset managers below cast 100% of the shares they voted on this item FOR (30,989,534 for, 0 against).

FOR: 30,989,534 (100.0%)

Largest asset managers voting on “Reelect Beat Walti as Director” at DSV A/S, 2024-2025
Asset manager	For	Vote
Capital Group	8,290,672	For
Vanguard	5,681,434	For
Fidelity	5,570,254	For
EUPAC FUND	2,620,572	For
Morgan Stanley	2,030,466	For
TIAA	1,566,982	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,262,011	For
Dimensional	1,243,989	For
INTERNATIONAL GROWTH & INCOME FUND	357,392	For
State Street	331,078	For
AllianceBernstein	315,728	For
AIG/SunAmerica	219,217	For
WILLIAM BLAIR FUNDS	202,017	For
Brighthouse	186,789	For
Franklin Global Trust	185,000	For
Artisan	120,782	For
Columbia Threadneedle	116,574	For
DWS	107,568	For
Empower	100,001	For
Equitable	75,154	For
Northern Trust	69,479	For
WisdomTree	54,252	For
GuideStone	29,383	For
Lincoln Financial	28,903	For
American Century	26,578	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

12. Reelect Benedikte Leroy as Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 63 asset managers below cast 100% of the shares they voted on this item FOR (30,989,534 for, 0 against).

FOR: 30,989,534 (100.0%)

Largest asset managers voting on “Reelect Benedikte Leroy as Director” at DSV A/S, 2024-2025
Asset manager	For	Vote
Capital Group	8,290,672	For
Vanguard	5,681,434	For
Fidelity	5,570,254	For
EUPAC FUND	2,620,572	For
Morgan Stanley	2,030,466	For
TIAA	1,566,982	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,262,011	For
Dimensional	1,243,989	For
INTERNATIONAL GROWTH & INCOME FUND	357,392	For
State Street	331,078	For
AllianceBernstein	315,728	For
AIG/SunAmerica	219,217	For
WILLIAM BLAIR FUNDS	202,017	For
Brighthouse	186,789	For
Franklin Global Trust	185,000	For
Artisan	120,782	For
Columbia Threadneedle	116,574	For
DWS	107,568	For
Empower	100,001	For
Equitable	75,154	For
Northern Trust	69,479	For
WisdomTree	54,252	For
GuideStone	29,383	For
Lincoln Financial	28,903	For
American Century	26,578	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

13. Reelect Jorgen Moller as Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 63 asset managers below cast 100% of the shares they voted on this item FOR (30,989,534 for, 0 against).

FOR: 30,989,534 (100.0%)

Largest asset managers voting on “Reelect Jorgen Moller as Director” at DSV A/S, 2024-2025
Asset manager	For	Vote
Capital Group	8,290,672	For
Vanguard	5,681,434	For
Fidelity	5,570,254	For
EUPAC FUND	2,620,572	For
Morgan Stanley	2,030,466	For
TIAA	1,566,982	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,262,011	For
Dimensional	1,243,989	For
INTERNATIONAL GROWTH & INCOME FUND	357,392	For
State Street	331,078	For
AllianceBernstein	315,728	For
AIG/SunAmerica	219,217	For
WILLIAM BLAIR FUNDS	202,017	For
Brighthouse	186,789	For
Franklin Global Trust	185,000	For
Artisan	120,782	For
Columbia Threadneedle	116,574	For
DWS	107,568	For
Empower	100,001	For
Equitable	75,154	For
Northern Trust	69,479	For
WisdomTree	54,252	For
GuideStone	29,383	For
Lincoln Financial	28,903	For
American Century	26,578	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

14. Reelect Tarek Sultan Al-Essa as Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 71%ABSTAIN 29%

The 63 asset managers below cast 100% of the shares they voted on this item FOR (22,030,749 for, 0 against).

FOR: 22,030,749 (71.1%)ABSTAIN: 8,958,785 (28.9%)

Largest asset managers voting on “Reelect Tarek Sultan Al-Essa as Director” at DSV A/S, 2024-2025
Asset manager	For	Abstain	Vote
Capital Group	8,290,672	0	For
Vanguard	5,681,434	0	For
Fidelity	0	5,570,254	Abstain
EUPAC FUND	2,620,572	0	For
Morgan Stanley	2,024,177	6,289	For
TIAA	1,566,982	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,262,011	0	For
Dimensional	0	1,243,989	Abstain
INTERNATIONAL GROWTH & INCOME FUND	357,392	0	For
State Street	0	331,078	Abstain
AllianceBernstein	0	315,728	Abstain
AIG/SunAmerica	0	219,217	Abstain
WILLIAM BLAIR FUNDS	0	202,017	Abstain
Brighthouse	166,600	20,189	For
Franklin Global Trust	0	185,000	Abstain
Artisan	0	120,782	Abstain
Columbia Threadneedle	0	116,574	Abstain
DWS	0	107,568	Abstain
Empower	0	100,001	Abstain
Equitable	23,100	52,054	Abstain
Northern Trust	0	69,479	Abstain
WisdomTree	0	54,252	Abstain
GuideStone	0	29,383	Abstain
Lincoln Financial	0	28,903	Abstain
American Century	0	26,578	Abstain

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

15. Reelect Thomas Plenborg as Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 76%ABSTAIN 24%

The 63 asset managers below cast 100% of the shares they voted on this item FOR (23,464,858 for, 0 against).

FOR: 23,464,858 (75.7%)ABSTAIN: 7,524,676 (24.3%)

Largest asset managers voting on “Reelect Thomas Plenborg as Director” at DSV A/S, 2024-2025
Asset manager	For	Abstain	Vote
Capital Group	8,290,672	0	For
Vanguard	5,681,434	0	For
Fidelity	38,897	5,531,357	Abstain
EUPAC FUND	2,620,572	0	For
Morgan Stanley	2,029,500	966	For
TIAA	1,566,982	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	0	1,262,011	Abstain
Dimensional	1,243,989	0	For
INTERNATIONAL GROWTH & INCOME FUND	357,392	0	For
State Street	0	331,078	Abstain
AllianceBernstein	315,728	0	For
AIG/SunAmerica	219,217	0	For
WILLIAM BLAIR FUNDS	202,017	0	For
Brighthouse	20,189	166,600	Abstain
Franklin Global Trust	185,000	0	For
Artisan	120,782	0	For
Columbia Threadneedle	116,574	0	For
DWS	107,568	0	For
Empower	63,500	36,501	For
Equitable	52,054	23,100	For
Northern Trust	11,356	58,123	Abstain
WisdomTree	54,252	0	For
GuideStone	29,383	0	For
Lincoln Financial	275	28,628	Abstain
American Century	0	26,578	Abstain

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

16. THE BOARD OF DIRECTORS PROPOSES THAT THE 2024 REMUNERATION REPORT IS APPROVED

SECTION 14A SAY-ON-PAY VOTES

99% fund support · no official result

FOR 99%

The 41 asset managers below cast 99% of the shares they voted on this item FOR (19,912,564 for, 252,539 against).

FOR: 19,912,564 (98.7%)AGAINST: 252,539 (1.3%)

Largest asset managers voting on “THE BOARD OF DIRECTORS PROPOSES THAT THE 2024 REMUNERATION REPORT IS APPROVED” at DSV A/S, 2024-2025
Asset manager	For	Against	Vote
BAILLIE GIFFORD OVERSEAS LTD	6,390,748	232,674	For
BlackRock	3,739,087	0	For
Vanguard	3,529,989	0	For
1832 Asset Management L.P.	953,173	0	For
Anomaly Capital Management, LP	870,322	0	For
BAILLIE GIFFORD & CO LTD	693,250	0	For
BAILLIE GIFFORD FUNDS	690,256	0	For
Alua Capital Management LP	542,660	0	For
Six Circles Trust	383,918	0	For
John Hancock	371,262	0	For
Bridge Builder Trust	354,282	0	For
Jackson National	236,448	0	For
STEADFAST CAPITAL MANAGEMENT LP	229,469	0	For
Korea Investment CORP	180,970	0	For
BBH Trust	165,484	0	For
BAILLIE GIFFORD & CO	143,161	0	For
Brighthouse	138,570	0	For
J. Goldman & Co LP	53,342	0	For
Managed Account Series	43,067	0	For
OPTIMUM FUND TRUST	41,438	0	For
Northern Trust	37,798	0	For
Lincoln Financial	26,795	0	For
Cartenna Capital, LP	18,573	0	For
Natixis	16,200	0	For
WCM INVESTMENT MANAGEMENT, LLC	0	15,684	Against

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

17. RE-ELECTION OF MEMBERS FOR THE BOARD OF DIRECTOR: BEAT WALTI

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.7%

The 34 asset managers below cast 100% of the shares they voted on this item FOR (10,693,678 for, 0 against).

FOR: 10,693,678 (99.8%)ABSTAIN: 24,175 (0.2%)

Largest asset managers voting on “RE-ELECTION OF MEMBERS FOR THE BOARD OF DIRECTOR: BEAT WALTI” at DSV A/S, 2024-2025
Asset manager	For	Abstain	Vote
BlackRock	3,739,087	0	For
Vanguard	3,529,989	0	For
BAILLIE GIFFORD FUNDS	690,256	0	For
Charles Schwab	632,893	0	For
Six Circles Trust	383,918	0	For
John Hancock	371,262	0	For
Bridge Builder Trust	354,282	0	For
Jackson National	212,273	24,175	For
BBH Trust	165,484	0	For
Brighthouse	139,642	0	For
SEI	79,317	0	For
Russell Investments	66,919	0	For
Neuberger Berman	56,078	0	For
Hartford	47,902	0	For
Managed Account Series	43,067	0	For
OPTIMUM FUND TRUST	41,438	0	For
Fidelity	36,881	0	For
Lincoln Financial	26,795	0	For
Natixis	16,200	0	For
Allianz	15,569	0	For
MASTER INVESTMENT PORTFOLIO	14,053	0	For
Northern Lights Fund Trust IV	8,205	0	For
Aspiriant Trust	6,774	0	For
Listed Funds Trust	3,054	0	For
New York Life	2,922	0	For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

18. RE-ELECTION OF MEMBERS FOR THE BOARD OF DIRECTOR: BENEDIKTE LEROY

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 34 asset managers below cast 100% of the shares they voted on this item FOR (10,717,853 for, 0 against).

FOR: 10,717,853 (100.0%)

Largest asset managers voting on “RE-ELECTION OF MEMBERS FOR THE BOARD OF DIRECTOR: BENEDIKTE LEROY” at DSV A/S, 2024-2025
Asset manager	For	Vote
BlackRock	3,739,087	For
Vanguard	3,529,989	For
BAILLIE GIFFORD FUNDS	690,256	For
Charles Schwab	632,893	For
Six Circles Trust	383,918	For
John Hancock	371,262	For
Bridge Builder Trust	354,282	For
Jackson National	236,448	For
BBH Trust	165,484	For
Brighthouse	139,642	For
SEI	79,317	For
Russell Investments	66,919	For
Neuberger Berman	56,078	For
Hartford	47,902	For
Managed Account Series	43,067	For
OPTIMUM FUND TRUST	41,438	For
Fidelity	36,881	For
Lincoln Financial	26,795	For
Natixis	16,200	For
Allianz	15,569	For
MASTER INVESTMENT PORTFOLIO	14,053	For
Northern Lights Fund Trust IV	8,205	For
Aspiriant Trust	6,774	For
Listed Funds Trust	3,054	For
New York Life	2,922	For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

19. RE-ELECTION OF MEMBERS FOR THE BOARD OF DIRECTOR: SABINE BENDIEK

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 34 asset managers below cast 100% of the shares they voted on this item FOR (10,717,853 for, 0 against).

FOR: 10,717,853 (100.0%)

Largest asset managers voting on “RE-ELECTION OF MEMBERS FOR THE BOARD OF DIRECTOR: SABINE BENDIEK” at DSV A/S, 2024-2025
Asset manager	For	Vote
BlackRock	3,739,087	For
Vanguard	3,529,989	For
BAILLIE GIFFORD FUNDS	690,256	For
Charles Schwab	632,893	For
Six Circles Trust	383,918	For
John Hancock	371,262	For
Bridge Builder Trust	354,282	For
Jackson National	236,448	For
BBH Trust	165,484	For
Brighthouse	139,642	For
SEI	79,317	For
Russell Investments	66,919	For
Neuberger Berman	56,078	For
Hartford	47,902	For
Managed Account Series	43,067	For
OPTIMUM FUND TRUST	41,438	For
Fidelity	36,881	For
Lincoln Financial	26,795	For
Natixis	16,200	For
Allianz	15,569	For
MASTER INVESTMENT PORTFOLIO	14,053	For
Northern Lights Fund Trust IV	8,205	For
Aspiriant Trust	6,774	For
Listed Funds Trust	3,054	For
New York Life	2,922	For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

20. RE-ELECTION OF MEMBERS FOR THE BOARD OF DIRECTOR: TAREK SULTAN AL-ESSA

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

91% fund support · no official result

FOR 47.4%ABSTAIN 47.6%

The 34 asset managers below cast 91% of the shares they voted on this item FOR (5,085,465 for, 533,583 against).

FOR: 5,085,465 (47.4%)AGAINST: 533,583 (5.0%)ABSTAIN: 5,098,805 (47.6%)

Largest asset managers voting on “RE-ELECTION OF MEMBERS FOR THE BOARD OF DIRECTOR: TAREK SULTAN AL-ESSA” at DSV A/S, 2024-2025
Asset manager	For	Against	Abstain	Vote
BlackRock	0	0	3,739,087	Abstain
Vanguard	3,529,989	0	0	For
BAILLIE GIFFORD FUNDS	690,256	0	0	For
Charles Schwab	0	0	632,893	Abstain
Six Circles Trust	0	0	383,918	Abstain
John Hancock	0	313,082	58,180	Against
Bridge Builder Trust	340,816	0	13,466	For
Jackson National	145,752	0	90,696	For
BBH Trust	165,484	0	0	For
Brighthouse	138,570	1,072	0	For
SEI	0	0	79,317	Abstain
Russell Investments	0	66,919	0	Against
Neuberger Berman	0	56,078	0	Against
Hartford	0	47,902	0	Against
Managed Account Series	0	0	43,067	Abstain
OPTIMUM FUND TRUST	41,438	0	0	For
Fidelity	0	36,881	0	Against
Lincoln Financial	0	0	26,795	Abstain
Natixis	16,200	0	0	For
Allianz	0	0	15,569	Abstain
MASTER INVESTMENT PORTFOLIO	0	0	14,053	Abstain
Northern Lights Fund Trust IV	8,205	0	0	For
Aspiriant Trust	0	6,774	0	Against
Listed Funds Trust	3,054	0	0	For
New York Life	0	2,922	0	Against

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

21. RE-ELECTION OF MEMBERS FOR THE BOARD OF DIRECTOR: THOMAS PLENBORG

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 95%

The 34 asset managers below cast 100% of the shares they voted on this item FOR (10,176,022 for, 0 against).

FOR: 10,176,022 (94.9%)ABSTAIN: 541,831 (5.1%)

Largest asset managers voting on “RE-ELECTION OF MEMBERS FOR THE BOARD OF DIRECTOR: THOMAS PLENBORG” at DSV A/S, 2024-2025
Asset manager	For	Abstain	Vote
BlackRock	3,355,923	383,164	For
Vanguard	3,529,989	0	For
BAILLIE GIFFORD FUNDS	690,256	0	For
Charles Schwab	632,893	0	For
Six Circles Trust	383,918	0	For
John Hancock	364,201	7,061	For
Bridge Builder Trust	352,598	1,684	For
Jackson National	172,588	63,860	For
BBH Trust	165,484	0	For
Brighthouse	139,642	0	For
SEI	79,317	0	For
Russell Investments	66,919	0	For
Neuberger Berman	56,078	0	For
Hartford	47,902	0	For
Managed Account Series	0	43,067	Abstain
OPTIMUM FUND TRUST	41,438	0	For
Fidelity	36,881	0	For
Lincoln Financial	0	26,795	Abstain
Natixis	0	16,200	Abstain
Allianz	15,569	0	For
MASTER INVESTMENT PORTFOLIO	14,053	0	For
Northern Lights Fund Trust IV	8,205	0	For
Aspiriant Trust	6,774	0	For
Listed Funds Trust	3,054	0	For
New York Life	2,922	0	For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

22. APPROVAL OF THE PROPOSED REMUNERATION OF THE BOARD OF DIRECTORS FOR THE FINANCIAL YEAR

COMPENSATION

99.9% fund support · no official result

FOR 99.9%

The 23 asset managers below cast 99.9% of the shares they voted on this item FOR (9,780,331 for, 4,181 against).

FOR: 9,780,331 (100.0%)AGAINST: 4,181 (0.0%)

Largest asset managers voting on “APPROVAL OF THE PROPOSED REMUNERATION OF THE BOARD OF DIRECTORS FOR THE FINANCIAL YEAR” at DSV A/S, 2024-2025
Asset manager	For	Against	Vote
BlackRock	3,739,087	0	For
Vanguard	3,529,989	0	For
BAILLIE GIFFORD FUNDS	690,256	0	For
Six Circles Trust	383,918	0	For
John Hancock	371,262	0	For
Bridge Builder Trust	354,282	0	For
Jackson National	236,448	0	For
BBH Trust	165,484	0	For
Brighthouse	138,570	0	For
Managed Account Series	43,067	0	For
OPTIMUM FUND TRUST	41,438	0	For
Lincoln Financial	26,795	0	For
Natixis	16,200	0	For
Allianz	15,569	0	For
MASTER INVESTMENT PORTFOLIO	14,053	0	For
Northern Lights Fund Trust IV	8,205	0	For
Listed Funds Trust	3,054	0	For
Investment Managers Series Trust	0	2,320	Against
Pacer Funds Trust	0	1,861	Against
TIMOTHY PLAN	1,312	0	For
RBC FUNDS TRUST	1,134	0	For
RBB FUND, INC.	208	0	For
Advisors' Inner Circle Fund III	0	0	--

23. ELECTION OF AUDITOR: THE BOARD OF DIRECTORS PROPOSES RE-ELECTION OF PRICEWATERHOUSECOOPERS, STATSAUTORISERET REVISIONSPARTNERSELSKAB, CERTIFIED ACCOUNTING MEMBER FIRM, CVR NO. 33771231, AS AUDITOR FOR BOTH FINANCIAL AND SUSTAINABILITY REPORTING PURPOSES. THIS PROPOSAL IS BASED ON AN UPDATED REVIEW AND RECOMMENDATION BY THE COMPANY'S AUDIT COMMITTEE. THE AUDIT COMMITTEE HAS NOT BEEN INFLUENCED BY T

AUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 23 asset managers below cast 100% of the shares they voted on this item FOR (9,784,512 for, 0 against).

FOR: 9,784,512 (100.0%)

Largest asset managers voting on “ELECTION OF AUDITOR: THE BOARD OF DIRECTORS PROPOSES RE-ELECTION OF PRICEWATERHOUSECOOPERS, STATSAUTORISERET R” at DSV A/S, 2024-2025
Asset manager	For	Vote
BlackRock	3,739,087	For
Vanguard	3,529,989	For
BAILLIE GIFFORD FUNDS	690,256	For
Six Circles Trust	383,918	For
John Hancock	371,262	For
Bridge Builder Trust	354,282	For
Jackson National	236,448	For
BBH Trust	165,484	For
Brighthouse	138,570	For
Managed Account Series	43,067	For
OPTIMUM FUND TRUST	41,438	For
Lincoln Financial	26,795	For
Natixis	16,200	For
Allianz	15,569	For
MASTER INVESTMENT PORTFOLIO	14,053	For
Northern Lights Fund Trust IV	8,205	For
Listed Funds Trust	3,054	For
Investment Managers Series Trust	2,320	For
Pacer Funds Trust	1,861	For
TIMOTHY PLAN	1,312	For
RBC FUNDS TRUST	1,134	For
RBB FUND, INC.	208	For
Advisors' Inner Circle Fund III	0	--

24. PROPOSED RESOLUTION: AMENDMENT TO THE REMUNERATION POLICY

COMPENSATION

99.9% fund support · no official result

FOR 99.9%

The 23 asset managers below cast 99.9% of the shares they voted on this item FOR (16,767,604 for, 4,181 against).

FOR: 16,767,604 (100.0%)AGAINST: 4,181 (0.0%)

Largest asset managers voting on “PROPOSED RESOLUTION: AMENDMENT TO THE REMUNERATION POLICY” at DSV A/S, 2024-2025
Asset manager	For	Against	Vote
BlackRock	10,726,360	0	For
Vanguard	3,529,989	0	For
BAILLIE GIFFORD FUNDS	690,256	0	For
Six Circles Trust	383,918	0	For
John Hancock	371,262	0	For
Bridge Builder Trust	354,282	0	For
Jackson National	236,448	0	For
BBH Trust	165,484	0	For
Brighthouse	138,570	0	For
Managed Account Series	43,067	0	For
OPTIMUM FUND TRUST	41,438	0	For
Lincoln Financial	26,795	0	For
Natixis	16,200	0	For
Allianz	15,569	0	For
MASTER INVESTMENT PORTFOLIO	14,053	0	For
Northern Lights Fund Trust IV	8,205	0	For
Listed Funds Trust	3,054	0	For
Investment Managers Series Trust	0	2,320	Against
Pacer Funds Trust	0	1,861	Against
TIMOTHY PLAN	1,312	0	For
RBC FUNDS TRUST	1,134	0	For
RBB FUND, INC.	208	0	For
Advisors' Inner Circle Fund III	0	0	--

25. PROPOSED RESOLUTION: AUTHORISATIONS TO INCREASE THE SHARE CAPITAL

CAPITAL STRUCTURE

99.1% fund support · no official result

FOR 99.1%

The 23 asset managers below cast 99.1% of the shares they voted on this item FOR (9,704,662 for, 79,850 against).

FOR: 9,704,662 (99.2%)AGAINST: 79,850 (0.8%)

Largest asset managers voting on “PROPOSED RESOLUTION: AUTHORISATIONS TO INCREASE THE SHARE CAPITAL” at DSV A/S, 2024-2025
Asset manager	For	Against	Vote
BlackRock	3,739,087	0	For
Vanguard	3,529,989	0	For
BAILLIE GIFFORD FUNDS	690,256	0	For
Six Circles Trust	383,918	0	For
John Hancock	320,143	51,119	For
Bridge Builder Trust	352,598	1,684	For
Jackson National	210,535	25,913	For
BBH Trust	165,484	0	For
Brighthouse	138,570	0	For
Managed Account Series	43,067	0	For
OPTIMUM FUND TRUST	41,438	0	For
Lincoln Financial	26,795	0	For
Natixis	16,200	0	For
Allianz	15,569	0	For
MASTER INVESTMENT PORTFOLIO	14,053	0	For
Northern Lights Fund Trust IV	8,205	0	For
Listed Funds Trust	3,054	0	For
Investment Managers Series Trust	2,320	0	For
Pacer Funds Trust	1,861	0	For
TIMOTHY PLAN	1,312	0	For
RBC FUNDS TRUST	0	1,134	Against
RBB FUND, INC.	208	0	For
Advisors' Inner Circle Fund III	0	0	--

26. PROPOSED RESOLUTION: FOR THE PURPOSES OF MAINTAINING AN ACTIVE CAPITAL ALLOCATION STRATEGY AND COVERING THE INCENTIVE PROGRAMMES OF THE COMPANY, THE BOARD OF DIRECTORS PROPOSES THAT THE BOARD OF DIRECTORS IS AUTHORIZED, IN THE PERIOD UNTIL 20 MARCH 2030, TO ACQUIRE TREASURY SHARES OF A NOMINAL VALUE OF UP TO DKK 24,044,000, CORRESPONDING TO 10 % OF THE COMPANY'S SHARE CAPITAL, PROVIDED THAT THE CO

CAPITAL STRUCTURE

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 23 asset managers below cast 100% of the shares they voted on this item FOR (9,784,512 for, 0 against).

FOR: 9,784,512 (100.0%)

Largest asset managers voting on “PROPOSED RESOLUTION: FOR THE PURPOSES OF MAINTAINING AN ACTIVE CAPITAL ALLOCATION STRATEGY AND COVERING THE IN” at DSV A/S, 2024-2025
Asset manager	For	Vote
BlackRock	3,739,087	For
Vanguard	3,529,989	For
BAILLIE GIFFORD FUNDS	690,256	For
Six Circles Trust	383,918	For
John Hancock	371,262	For
Bridge Builder Trust	354,282	For
Jackson National	236,448	For
BBH Trust	165,484	For
Brighthouse	138,570	For
Managed Account Series	43,067	For
OPTIMUM FUND TRUST	41,438	For
Lincoln Financial	26,795	For
Natixis	16,200	For
Allianz	15,569	For
MASTER INVESTMENT PORTFOLIO	14,053	For
Northern Lights Fund Trust IV	8,205	For
Listed Funds Trust	3,054	For
Investment Managers Series Trust	2,320	For
Pacer Funds Trust	1,861	For
TIMOTHY PLAN	1,312	For
RBC FUNDS TRUST	1,134	For
RBB FUND, INC.	208	For
Advisors' Inner Circle Fund III	0	--

27. RE-ELECTION OF MEMBERS FOR THE BOARD OF DIRECTOR: JOERGEN MOELLER

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 23 asset managers below cast 100% of the shares they voted on this item FOR (16,771,785 for, 0 against).

FOR: 16,771,785 (100.0%)

Largest asset managers voting on “RE-ELECTION OF MEMBERS FOR THE BOARD OF DIRECTOR: JOERGEN MOELLER” at DSV A/S, 2024-2025
Asset manager	For	Vote
BlackRock	10,726,360	For
Vanguard	3,529,989	For
BAILLIE GIFFORD FUNDS	690,256	For
Six Circles Trust	383,918	For
John Hancock	371,262	For
Bridge Builder Trust	354,282	For
Jackson National	236,448	For
BBH Trust	165,484	For
Brighthouse	138,570	For
Managed Account Series	43,067	For
OPTIMUM FUND TRUST	41,438	For
Lincoln Financial	26,795	For
Natixis	16,200	For
Allianz	15,569	For
MASTER INVESTMENT PORTFOLIO	14,053	For
Northern Lights Fund Trust IV	8,205	For
Listed Funds Trust	3,054	For
Investment Managers Series Trust	2,320	For
Pacer Funds Trust	1,861	For
TIMOTHY PLAN	1,312	For
RBC FUNDS TRUST	1,134	For
RBB FUND, INC.	208	For
Advisors' Inner Circle Fund III	0	--

28. RE-ELECTION OF MEMBERS FOR THE BOARD OF DIRECTOR: NATALIE SHAVERDIAN RIISE-KNUDSEN

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 23 asset managers below cast 100% of the shares they voted on this item FOR (9,784,512 for, 0 against).

FOR: 9,784,512 (100.0%)

Largest asset managers voting on “RE-ELECTION OF MEMBERS FOR THE BOARD OF DIRECTOR: NATALIE SHAVERDIAN RIISE-KNUDSEN” at DSV A/S, 2024-2025
Asset manager	For	Vote
BlackRock	3,739,087	For
Vanguard	3,529,989	For
BAILLIE GIFFORD FUNDS	690,256	For
Six Circles Trust	383,918	For
John Hancock	371,262	For
Bridge Builder Trust	354,282	For
Jackson National	236,448	For
BBH Trust	165,484	For
Brighthouse	138,570	For
Managed Account Series	43,067	For
OPTIMUM FUND TRUST	41,438	For
Lincoln Financial	26,795	For
Natixis	16,200	For
Allianz	15,569	For
MASTER INVESTMENT PORTFOLIO	14,053	For
Northern Lights Fund Trust IV	8,205	For
Listed Funds Trust	3,054	For
Investment Managers Series Trust	2,320	For
Pacer Funds Trust	1,861	For
TIMOTHY PLAN	1,312	For
RBC FUNDS TRUST	1,134	For
RBB FUND, INC.	208	For
Advisors' Inner Circle Fund III	0	--

29. THE BOARD OF DIRECTORS PROPOSES A DIVIDEND PER SHARE OF DKK 7.00. PLEASE ALSO REFER TO PAGE 18 OF THE ANNUAL REPORT 2024

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 23 asset managers below cast 100% of the shares they voted on this item FOR (9,784,512 for, 0 against).

FOR: 9,784,512 (100.0%)

Largest asset managers voting on “THE BOARD OF DIRECTORS PROPOSES A DIVIDEND PER SHARE OF DKK 7.00. PLEASE ALSO REFER TO PAGE 18 OF THE ANNUAL R” at DSV A/S, 2024-2025
Asset manager	For	Vote
BlackRock	3,739,087	For
Vanguard	3,529,989	For
BAILLIE GIFFORD FUNDS	690,256	For
Six Circles Trust	383,918	For
John Hancock	371,262	For
Bridge Builder Trust	354,282	For
Jackson National	236,448	For
BBH Trust	165,484	For
Brighthouse	138,570	For
Managed Account Series	43,067	For
OPTIMUM FUND TRUST	41,438	For
Lincoln Financial	26,795	For
Natixis	16,200	For
Allianz	15,569	For
MASTER INVESTMENT PORTFOLIO	14,053	For
Northern Lights Fund Trust IV	8,205	For
Listed Funds Trust	3,054	For
Investment Managers Series Trust	2,320	For
Pacer Funds Trust	1,861	For
TIMOTHY PLAN	1,312	For
RBC FUNDS TRUST	1,134	For
RBB FUND, INC.	208	For
Advisors' Inner Circle Fund III	0	--

30. THE BOARD OF DIRECTORS PROPOSES THAT THE AUDITED 2024 ANNUAL REPORT IS ADOPTED

OTHER

100% fund support · no official result

FOR 100%

The 23 asset managers below cast 100% of the shares they voted on this item FOR (9,784,512 for, 0 against).

FOR: 9,784,512 (100.0%)

Largest asset managers voting on “THE BOARD OF DIRECTORS PROPOSES THAT THE AUDITED 2024 ANNUAL REPORT IS ADOPTED” at DSV A/S, 2024-2025
Asset manager	For	Vote
BlackRock	3,739,087	For
Vanguard	3,529,989	For
BAILLIE GIFFORD FUNDS	690,256	For
Six Circles Trust	383,918	For
John Hancock	371,262	For
Bridge Builder Trust	354,282	For
Jackson National	236,448	For
BBH Trust	165,484	For
Brighthouse	138,570	For
Managed Account Series	43,067	For
OPTIMUM FUND TRUST	41,438	For
Lincoln Financial	26,795	For
Natixis	16,200	For
Allianz	15,569	For
MASTER INVESTMENT PORTFOLIO	14,053	For
Northern Lights Fund Trust IV	8,205	For
Listed Funds Trust	3,054	For
Investment Managers Series Trust	2,320	For
Pacer Funds Trust	1,861	For
TIMOTHY PLAN	1,312	For
RBC FUNDS TRUST	1,134	For
RBB FUND, INC.	208	For
Advisors' Inner Circle Fund III	0	--

31. Accounts and Reports

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 12 asset managers below cast 100% of the shares they voted on this item FOR (933,341 for, 0 against).

FOR: 933,341 (100.0%)

Largest asset managers voting on “Accounts and Reports” at DSV A/S, 2024-2025
Asset manager	For	Vote
Charles Schwab	632,893	For
SEI	79,317	For
Russell Investments	66,919	For
Neuberger Berman	56,078	For
Hartford	47,902	For
Fidelity	36,881	For
Aspiriant Trust	6,774	For
New York Life	2,922	For
Prudential/PGIM	1,953	For
Brighthouse	1,072	For
Global X	360	For
Adviser Managed Trust	270	For

32. Allocation of Profits/Dividends

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 12 asset managers below cast 100% of the shares they voted on this item FOR (933,341 for, 0 against).

FOR: 933,341 (100.0%)

Largest asset managers voting on “Allocation of Profits/Dividends” at DSV A/S, 2024-2025
Asset manager	For	Vote
Charles Schwab	632,893	For
SEI	79,317	For
Russell Investments	66,919	For
Neuberger Berman	56,078	For
Hartford	47,902	For
Fidelity	36,881	For
Aspiriant Trust	6,774	For
New York Life	2,922	For
Prudential/PGIM	1,953	For
Brighthouse	1,072	For
Global X	360	For
Adviser Managed Trust	270	For

33. Appointment of Auditor; Appointment of Auditor for Sustainability Reporting

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 12 asset managers below cast 100% of the shares they voted on this item FOR (933,341 for, 0 against).

FOR: 933,341 (100.0%)

Largest asset managers voting on “Appointment of Auditor; Appointment of Auditor for Sustainability Reporting” at DSV A/S, 2024-2025
Asset manager	For	Vote
Charles Schwab	632,893	For
SEI	79,317	For
Russell Investments	66,919	For
Neuberger Berman	56,078	For
Hartford	47,902	For
Fidelity	36,881	For
Aspiriant Trust	6,774	For
New York Life	2,922	For
Prudential/PGIM	1,953	For
Brighthouse	1,072	For
Global X	360	For
Adviser Managed Trust	270	For

34. Authority to Issue Shares w/ or w/o Preemptive Rights

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 12 asset managers below cast 100% of the shares they voted on this item FOR (933,341 for, 0 against).

FOR: 933,341 (100.0%)

Largest asset managers voting on “Authority to Issue Shares w/ or w/o Preemptive Rights” at DSV A/S, 2024-2025
Asset manager	For	Vote
Charles Schwab	632,893	For
SEI	79,317	For
Russell Investments	66,919	For
Neuberger Berman	56,078	For
Hartford	47,902	For
Fidelity	36,881	For
Aspiriant Trust	6,774	For
New York Life	2,922	For
Prudential/PGIM	1,953	For
Brighthouse	1,072	For
Global X	360	For
Adviser Managed Trust	270	For

35. Authority to Repurchase Shares

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 12 asset managers below cast 100% of the shares they voted on this item FOR (933,341 for, 0 against).

FOR: 933,341 (100.0%)

Largest asset managers voting on “Authority to Repurchase Shares” at DSV A/S, 2024-2025
Asset manager	For	Vote
Charles Schwab	632,893	For
SEI	79,317	For
Russell Investments	66,919	For
Neuberger Berman	56,078	For
Hartford	47,902	For
Fidelity	36,881	For
Aspiriant Trust	6,774	For
New York Life	2,922	For
Prudential/PGIM	1,953	For
Brighthouse	1,072	For
Global X	360	For
Adviser Managed Trust	270	For

36. Directors' Fees

COMPENSATION

10% fund support · no official result

10%AGAINST 90%

The 12 asset managers below cast 10% of the shares they voted on this item FOR (95,937 for, 837,404 against).

FOR: 95,937 (10.3%)AGAINST: 837,404 (89.7%)

Largest asset managers voting on “Directors' Fees” at DSV A/S, 2024-2025
Asset manager	For	Against	Vote
Charles Schwab	0	632,893	Against
SEI	0	79,317	Against
Russell Investments	0	66,919	Against
Neuberger Berman	0	56,078	Against
Hartford	47,407	495	For
Fidelity	36,881	0	For
Aspiriant Trust	6,774	0	For
New York Life	2,922	0	For
Prudential/PGIM	1,953	0	For
Brighthouse	0	1,072	Against
Global X	0	360	Against
Adviser Managed Trust	0	270	Against

37. Elect Jorgen Moller

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 12 asset managers below cast 100% of the shares they voted on this item FOR (933,341 for, 0 against).

FOR: 933,341 (100.0%)

Largest asset managers voting on “Elect Jorgen Moller” at DSV A/S, 2024-2025
Asset manager	For	Vote
Charles Schwab	632,893	For
SEI	79,317	For
Russell Investments	66,919	For
Neuberger Berman	56,078	For
Hartford	47,902	For
Fidelity	36,881	For
Aspiriant Trust	6,774	For
New York Life	2,922	For
Prudential/PGIM	1,953	For
Brighthouse	1,072	For
Global X	360	For
Adviser Managed Trust	270	For

38. Elect Natalie S Riise-Knudsen

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 12 asset managers below cast 100% of the shares they voted on this item FOR (933,341 for, 0 against).

FOR: 933,341 (100.0%)

Largest asset managers voting on “Elect Natalie S Riise-Knudsen” at DSV A/S, 2024-2025
Asset manager	For	Vote
Charles Schwab	632,893	For
SEI	79,317	For
Russell Investments	66,919	For
Neuberger Berman	56,078	For
Hartford	47,902	For
Fidelity	36,881	For
Aspiriant Trust	6,774	For
New York Life	2,922	For
Prudential/PGIM	1,953	For
Brighthouse	1,072	For
Global X	360	For
Adviser Managed Trust	270	For

39. Remuneration Policy

COMPENSATION

10% fund support · no official result

10%AGAINST 90%

The 12 asset managers below cast 10% of the shares they voted on this item FOR (95,937 for, 837,404 against).

FOR: 95,937 (10.3%)AGAINST: 837,404 (89.7%)

Largest asset managers voting on “Remuneration Policy” at DSV A/S, 2024-2025
Asset manager	For	Against	Vote
Charles Schwab	0	632,893	Against
SEI	0	79,317	Against
Russell Investments	0	66,919	Against
Neuberger Berman	0	56,078	Against
Hartford	47,407	495	For
Fidelity	36,881	0	For
Aspiriant Trust	6,774	0	For
New York Life	2,922	0	For
Prudential/PGIM	1,953	0	For
Brighthouse	0	1,072	Against
Global X	0	360	Against
Adviser Managed Trust	0	270	Against

40. Remuneration Report

COMPENSATION

10% fund support · no official result

10%AGAINST 90%

The 12 asset managers below cast 10% of the shares they voted on this item FOR (95,937 for, 837,404 against).

FOR: 95,937 (10.3%)AGAINST: 837,404 (89.7%)

Largest asset managers voting on “Remuneration Report” at DSV A/S, 2024-2025
Asset manager	For	Against	Vote
Charles Schwab	0	632,893	Against
SEI	0	79,317	Against
Russell Investments	0	66,919	Against
Neuberger Berman	0	56,078	Against
Hartford	47,407	495	For
Fidelity	36,881	0	For
Aspiriant Trust	6,774	0	For
New York Life	2,922	0	For
Prudential/PGIM	1,953	0	For
Brighthouse	0	1,072	Against
Global X	0	360	Against
Adviser Managed Trust	0	270	Against

Showing the 40 reported items with the widest manager coverage, of 54 in total. View every item.

Largest DSV A/S shareholders voting in 2024-2025

Ranked by the number of DSV A/S shares each manager voted on the most widely held ballot item of the 2024-2025 meeting.

Top DSV A/S shareholders by shares voted, 2024-2025
#	Asset manager	Shares voted
1	Capital Group	8,290,672
2	Vanguard	5,681,434
3	Fidelity	5,570,254
4	EUPAC FUND	2,620,572
5	Morgan Stanley	2,030,466
6	TIAA	1,566,982
7	HARRIS ASSOCIATES INVESTMENT TRUST	1,262,011
8	Dimensional	1,243,989
9	INTERNATIONAL GROWTH & INCOME FUND	357,392
10	JPMorgan	341,533

Shown as share counts, not percentages: no shares-outstanding figure has been matched to DSV A/S for the 2024-2025 season, so there is no denominator to divide by.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At DSV A/S's shareholder meeting held 2025-03-20, in the 2024-2025 proxy season, 115 asset managers reported how they voted in their SEC Form N-PX filings, covering 4,608 separate fund positions. Their filings are grouped here into 54 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Approve Remuneration Report — the reporting funds cast 96% of the shares they voted in favour (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

DSV A/S proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.