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Charles Schwab vs Northern Trust: how alike they voted, 2025-2026

94.3% When both took a single position, they voted the same way on 94.3% of 14,774 items (13,930 the same, 844 different). 329 items where at least one of them split its funds are listed separately below. Both voted on 15,103 items in all.

Charles Schwab 2025-2026 · Northern Trust 2025-2026 · Download the item list (CSV)

By who put the item on the ballot. “Same position” = Same / (Same + Differ); split items are not in it. “Fund-level” is a second view over all common items: the chance that a fund of each manager, picked at random, voted the same way, which gives partial credit where a manager split.
	Common items	Same	Differ	Split (not in %)	Same position	Fund-level
All ballot items	15,103	13,930	844	329	94.3%	93.6%
Board proposals	14,149	13,243	722	184	94.8%	94.4%
E&S shareholder proposals	155	73	33	49	68.9%	67.1%
Other items	799	614	89	96	87.3%	84.1%

Where they did not vote alike

Everything Voted differently Split votes

All ballot items Board proposals E&S shareholder proposals Other items

906 items. “Voted differently”: each manager’s funds all voted one way, and the two ways differ. “Split”: at least one manager’s funds did not all vote the same way.

Company	Meeting	Proposal	On the ballot from	Board recommended	Charles Schwab	Northern Trust
WATERS CORPORATION	May 21, 2026	To approve, on a non-binding, advisory basis, the compensation of the Company's executive officers. Say-on-Pay	Board	For	FOR 17 funds	Split 8 FOR, 2 AGAINST
WILLIAMS-SONOMA, INC.	June 18, 2026	Election of directors: William Ready Director Elections	Board	For	AGAINST 14 funds	Split 5 FOR, 6 AGAINST
Walmart Inc.	June 4, 2026	Election of Directors: Gregory B. Penner Director Elections	Board	For	FOR 16 funds	Split 5 FOR, 4 AGAINST
Walmart Inc.	June 4, 2026	Election of Directors: Randall L. Stephenson Director Elections	Board	For	FOR 16 funds	Split 5 FOR, 4 AGAINST
Workday, Inc.	June 16, 2026	Election of Class II Directors: Mark J. Hawkins Director Elections	Board	For	AGAINST 14 funds	Split 2 FOR, 1 AGAINST
ZOETIS INC.	May 20, 2026	Advisory vote to approve our executive compensation. Say-on-Pay	Board	For	FOR 16 funds	Split 9 FOR, 4 AGAINST

← All 20 managers, 2025-2026

How items are matched and positions counted: see the comparison table and the methodology. Built October 18, 2026 from SEC Form N-PX filings.