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

96.2% When both took a single position, they voted the same way on 96.2% of 67,806 items (65,239 the same, 2,567 different). 1,745 items where at least one of them split its funds are listed separately below. Both voted on 69,551 items in all.

Northern Trust 2025-2026 · DWS 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 itemsSame DifferSplit (not in %)Same position Fund-level
All ballot items 69,55165,2392,567 1,74596.2%95.2%
Board proposals 54,30050,4552,381 1,46495.5%94.5%
E&S shareholder proposals 1739819 5683.8%72.7%
Other items 15,07814,686167 22598.9%98.2%

Where they did not vote alike

Everything Voted differently Split votes

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

392 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.

CompanyMeetingProposalOn the ballot from Board recommendedNorthern TrustDWS
Power Corporation of Canada May 13, 2026 SP 2: Advisory Vote on Environmental Policies
Environment or Climate
Other Against Split
1 FOR, 1 AGAINST
AGAINST
3 funds
QBE Insurance Group Limited May 8, 2026 Approve Disclosure of Climate Risks to the Company
Environment or Climate
Other Against Split
3 FOR, 3 AGAINST
AGAINST
8 funds
QUALCOMM INCORPORATED March 17, 2026 Stockholder proposal entitled "Shareholder Ability to Call for a Special Meeting."
Shareholder Rights and Defenses
Other Against Split
3 FOR, 8 AGAINST
FOR
18 funds
QUEST DIAGNOSTICS INCORPORATED May 20, 2026 Stockholder proposal regarding an independent board chairman, if properly presented at the Annual Meeting.
Corporate Governance
Other Against Split
1 FOR, 3 AGAINST
AGAINST
10 funds
ROYAL BANK OF CANADA April 9, 2026 SP 3: Adopt Performance-Aligned Compensation Policy
Say-on-Pay
Other Against Split
1 FOR, 5 AGAINST
AGAINST
3 funds
Royal Bank of Canada April 9, 2026 SP 10: Report on Loans Made by the Bank in Support of the Circular Economy
Environment or Climate
Other Against Split
1 FOR, 5 AGAINST
FOR
3 funds
Royal Bank of Canada April 9, 2026 SP 4: Adopt New Skill Diversification Policy
Corporate Governance
Other Against Split
1 FOR, 5 AGAINST
AGAINST
3 funds
Royal Bank of Canada April 9, 2026 SP 5: Establish a Permanent Advisory Committee on the Systemic Impact of the Bank's Decisions
Corporate Governance
Other Against Split
1 FOR, 5 AGAINST
AGAINST
3 funds
Royal Bank of Canada April 9, 2026 SP 6: Report on Forced Labor and Child Labor in Lending Portfolios
Human Rights or Human Capital/workforce
Other Against Split
1 FOR, 5 AGAINST
AGAINST
3 funds
Royal Bank of Canada April 9, 2026 SP 7: Report on AI-Use in High-Level Decision-Making, Risk Assessment and Loan Grants
Other Social Issues
Other Against Split
1 FOR, 5 AGAINST
FOR
3 funds
Royal Bank of Canada April 9, 2026 SP 8: Disclose Non-Confidential Information Relating to the Bank's Country-by-Country Reporting
Other Social Issues
Other Against Split
1 FOR, 5 AGAINST
AGAINST
3 funds
Royal Bank of Canada April 9, 2026 SP 9: Advisory Vote on Environmental Policies
Environment or Climate
Other Against Split
1 FOR, 5 AGAINST
AGAINST
3 funds
S&P GLOBAL INC. May 20, 2026 Vote on a shareholder proposal to reduce the stock ownership threshold for calling a special shareholder meeting;
Shareholder Rights and Defenses
Other Against Split
3 FOR, 3 AGAINST
FOR
15 funds
SEMPRA May 12, 2026 Shareholder proposal requesting an independent board chairman
Corporate Governance
Other Against Split
2 FOR, 4 AGAINST
AGAINST
11 funds
SERVICENOW, INC. May 21, 2026 Shareholder proposal regarding shareholder right to act by written consent.
Shareholder Rights and Defenses
Other Against Split
4 FOR, 3 AGAINST
FOR
20 funds
SHANGHAI PHARMACEUTICALS HOLDING CO LTD June 25, 2026 Elect Dong Ming as Director
Director Elections
Other For Split
1 FOR, 1 AGAINST
FOR
3 funds
SIEMENS AG February 12, 2026 Approve Virtual-Only Shareholder Meetings Until 2031
Corporate Governance
Other For Split
1 FOR, 7 AGAINST
FOR
9 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF MANAGEMENT BOARD MEMBER ANNE-LAURE PARRICAL DE CHAMMARD FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF MANAGEMENT BOARD MEMBER CHRISTIAN BRUCH FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF MANAGEMENT BOARD MEMBER KARIM AMIN FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF MANAGEMENT BOARD MEMBER MARIA FERRARO FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF MANAGEMENT BOARD MEMBER TIM HOLT FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF MANAGEMENT BOARD MEMBER VINOD PHILIP FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER ANDREA FEHRMANN FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER ANDREAS FELDMUELLER FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER ANJA-ISABEL DOTZENRATH (FROM FEB. 20, 2025) FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER CHRISTINE BORTENLAENGER (UNTIL FEB. 20, 2025) FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER CORNELIA SCHAU FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER FEIYU XU (FROM FEB. 20, 2025) FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER GEISHA WILLIAMS FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER GUENTER AUGUSTAT FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER HILDEGARD MUELLER (UNTIL FEB. 20, 2025) FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER HUBERT LIENHARD FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER JOE KAESER FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER JUERGEN KERNER FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER LAURENCE MULLIEZ FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER MANFRED BAEREIS FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER MANUEL BLOEMERS FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER MATTHIAS REBELLIUS FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER NADINE FLORIAN FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER ROBERT KENSBOCK FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER SIGMAR GABRIEL FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER SIMONE MENNE FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER THOMAS PFANN FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS ENERGY AG February 26, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER VERONIKA GRIMM FOR FISCAL YEAR 2024/25
Director Elections
Other For Split
4 FOR, 2 AGAINST
FOR
10 funds
SIEMENS HEALTHINEERS AG February 5, 2026 AMEND ARTICLES RE: SIMPLE MAJORITY FOR ADOPTION OF RESOLUTIONS
Corporate Governance
Other For Split
1 FOR, 2 AGAINST
AGAINST
8 funds
SOMPO HOLDINGS,INC. June 22, 2026 Amend Articles to Appoint Outside Director as Chairman of the Board
Corporate Governance
Other Against Split
2 FOR, 3 AGAINST
FOR
7 funds
SOUTH32 LTD October 23, 2025 Approve Climate Change Action Plan 2025
Environment or Climate
Other For Split
3 FOR, 2 AGAINST
FOR
6 funds
STATE STREET CORPORATION May 20, 2026 Shareholder proposal requesting the adoption of a policy and amendment to the by-laws requiring the Chair of the Board be an independent member of the Board in the next CEO transition, if properly presented.
Corporate Governance
Other Against Split
4 FOR, 6 AGAINST
AGAINST
13 funds
SYNOPSYS, INC. April 16, 2026 To vote on a stockholder proposal regarding 'stockholders' right to act by written consent, if properly presented at the meeting.
Shareholder Rights and Defenses
Other Against Split
1 FOR, 2 AGAINST
FOR
13 funds
SYSCO CORPORATION November 14, 2025 To consider a stockholder proposal to adopt a policy requiring that the Board Chair and CEO roles be separate positions held by different people.
Corporate Governance
Other Against Split
3 FOR, 3 AGAINST
AGAINST
9 funds
TESLA, INC. November 6, 2025 A shareholder proposal regarding adopting targets and reporting on metrics to assess the feasibility of integrating sustainability metrics into senior executive compensation plans.
Compensation
Other Against Split
4 FOR, 5 AGAINST
FOR
12 funds
TEXAS INSTRUMENTS INCORPORATED April 16, 2026 Stockholder proposal to permit stockholders to act by written consent.
Shareholder Rights and Defenses
Other Against Split
2 FOR, 4 AGAINST
FOR
12 funds
THE CIGNA GROUP April 22, 2026 Shareholder Proposal - Shareholder Right to Act by Written Consent
Shareholder Rights and Defenses
Other Against Split
3 FOR, 4 AGAINST
FOR
12 funds
THE COCA-COLA COMPANY April 29, 2026 Vote on a shareowner proposal requesting a report on the Company's plans to increase sustainability disclosure
Environment or Climate
Other Against Split
3 FOR, 5 AGAINST
FOR
12 funds
THE GOLDMAN SACHS GROUP, INC. April 29, 2026 Shareholder Proposal Regarding Special Shareholder Meeting Thresholds
Shareholder Rights and Defenses
Other Against Split
3 FOR, 5 AGAINST
FOR
11 funds
THE HARTFORD INSURANCE GROUP, INC. May 20, 2026 Shareholder proposal that the Company adopt written consent rights for shareholders
Shareholder Rights and Defenses
Other Against Split
5 FOR, 3 AGAINST
FOR
11 funds
THE HOME DEPOT, INC. May 21, 2026 Shareholder Proposal Regarding Independent Board Chair
Corporate Governance
Other Against Split
4 FOR, 9 AGAINST
AGAINST
13 funds
THE KANSAI ELECTRIC POWER COMPANY,INCORPORATED June 25, 2026 Amend Articles to Add Provisions Concerning Management Based on CSR (Gender Diversity)
Human Rights or Human Capital/workforce
Other Against Split
1 FOR, 4 AGAINST
AGAINST
6 funds
THE TORONTO-DOMINION BANK April 16, 2026 SP 3: Adopt Performance-Aligned Compensation Policy
Say-on-Pay
Other Against Split
1 FOR, 5 AGAINST
AGAINST
3 funds
THE TORONTO-DOMINION BANK April 16, 2026 SP 4: Adopt New Skill Diversification Policy
Corporate Governance
Other Against Split
1 FOR, 5 AGAINST
AGAINST
3 funds
THE TORONTO-DOMINION BANK April 16, 2026 SP 5: Establish a Permanent Advisory Committee on the Systemic Impact of the Bank's Decisions
Corporate Governance
Other Against Split
1 FOR, 5 AGAINST
AGAINST
3 funds
THE TORONTO-DOMINION BANK April 16, 2026 SP 6: Report on Forced Labor and Child Labor in Lending Portfolios
Human Rights or Human Capital/workforce
Other Against Split
1 FOR, 5 AGAINST
AGAINST
3 funds
THE TORONTO-DOMINION BANK April 16, 2026 SP 7: Report on AI-Use in High-Level Decision-Making, Risk Assessment and Loan Grants
Other Social Issues
Other Against Split
1 FOR, 5 AGAINST
FOR
3 funds
THE TORONTO-DOMINION BANK April 16, 2026 SP 8: Disclose Non-Confidential Information Relating to the Bank's Country-by-Country Reporting
Other Social Issues
Other Against Split
1 FOR, 5 AGAINST
AGAINST
3 funds
THE TORONTO-DOMINION BANK April 16, 2026 SP 9: Advisory Vote on Environmental Policies
Environment or Climate
Other Against Split
1 FOR, 5 AGAINST
AGAINST
3 funds
THE TRAVELERS COMPANIES, INC. May 20, 2026 Shareholder proposal relating to an independent board chairman, if presented at the Annual Meeting of Shareholders.
Corporate Governance
Other Against Split
3 FOR, 3 AGAINST
AGAINST
12 funds
THOMSON REUTERS CORPORATION June 10, 2026 SP 1: Human Rights Risk Assessment
Human Rights or Human Capital/workforce
Other Against Split
1 FOR, 2 AGAINST
AGAINST
3 funds
TUI AG February 10, 2026 Approve Virtual-Only Shareholder Meetings Until 2028
Corporate Governance
Other For Split
1 FOR, 2 AGAINST
FOR
4 funds
The Bank of Nova Scotia April 14, 2026 SP 3: Adopt Performance-Aligned Compensation Policy
Compensation
Other Against Split
1 FOR, 1 AGAINST
AGAINST
3 funds
The Bank of Nova Scotia April 14, 2026 SP 4: Adopt New Skill Diversification Policy
Corporate Governance
Other Against Split
1 FOR, 1 AGAINST
AGAINST
3 funds
The Bank of Nova Scotia April 14, 2026 SP 5: Establish a Permanent Advisory Committee on the Systemic Impact of the Bank's Decisions
Corporate Governance
Other Against Split
1 FOR, 1 AGAINST
AGAINST
3 funds
The Bank of Nova Scotia April 14, 2026 SP 6: Report on AI-Use in High-Level Decision-Making, Risk Assessment and Loan Grants
Other Social Issues
Other Against Split
1 FOR, 1 AGAINST
FOR
3 funds
The Bank of Nova Scotia April 14, 2026 SP 7: Disclose Non-Confidential Information Relating to the Bank's Country-by-Country Reporting
Other Social Issues
Other Against Split
1 FOR, 1 AGAINST
AGAINST
3 funds
The Bank of Nova Scotia April 14, 2026 SP 8: Advisory Vote on Environmental Policies
Environment or Climate
Other Against Split
1 FOR, 1 AGAINST
AGAINST
3 funds
UNITED AIRLINES HOLDINGS, INC. May 19, 2026 Advisory vote on stockholder proposal entitled "Shareholder Right to Act by Written Consent".
Shareholder Rights and Defenses
Other Against Split
1 FOR, 3 AGAINST
FOR
11 funds
VALLOUREC SA May 21, 2026 APPROVE COMPANY'S CLIMATE TRANSITION PLAN
Environment or Climate
Other For Split
2 FOR, 1 AGAINST
FOR
1 fund
VERISK ANALYTICS, INC. May 19, 2026 Shareholder Proposal - Shareholder Right to Act by Written Consent.
Shareholder Rights and Defenses
Other Against Split
3 FOR, 3 AGAINST
FOR
17 funds
VERIZON COMMUNICATIONS May 21, 2026 Independent board chair
Corporate Governance
Other Against Split
3 FOR, 8 AGAINST
AGAINST
13 funds
VERTEX PHARMACEUTICALS INCORPORATED May 13, 2026 Shareholder Proposal, if properly presented at the meeting, regarding shareholder right to act by written consent.
Shareholder Rights and Defenses
Other Against Split
3 FOR, 3 AGAINST
FOR
12 funds
VISA INC. January 27, 2026 Shareholder proposal on shareholder right to act by written consent.
Shareholder Rights and Defenses
Other Against Split
4 FOR, 7 AGAINST
FOR
18 funds
VISA INC. January 27, 2026 Shareholder proposal requesting the Board of Directors to adopt a policy for an independent chair.
Corporate Governance
Other Against Split
4 FOR, 7 AGAINST
AGAINST
18 funds
WELLS FARGO & COMPANY April 28, 2026 Shareholder Proposal - Board Committee on Indigenous Peoples' Rights.
Corporate Governance
Other Against Split
2 FOR, 5 AGAINST
AGAINST
14 funds
WELLS FARGO & COMPANY April 28, 2026 Shareholder Proposal - Govern by Majority Vote.
Shareholder Rights and Defenses
Other Against Split
2 FOR, 5 AGAINST
FOR
14 funds
WELLS FARGO & COMPANY April 28, 2026 Shareholder Proposal - Request for Board of Directors to Adopt Policy for an Independent Chair.
Corporate Governance
Other Against Split
2 FOR, 5 AGAINST
FOR
14 funds
WEST PHARMACEUTICAL SERVICES, INC. May 4, 2026 Shareholder proposal regarding an independent Board Chair policy.
Corporate Governance
Other Against Split
1 FOR, 2 AGAINST
FOR
11 funds
WESTPAC BANKING CORP December 11, 2025 Approve Transition Plan Approach and Climate Commitments
Environment or Climate
Other Against Split
2 FOR, 2 AGAINST
FOR
4 funds
WOOLWORTHS GROUP LTD October 30, 2025 Approve Classification of Beef
Environment or Climate
Other Against Split
2 FOR, 2 AGAINST
AGAINST
4 funds
WOOLWORTHS GROUP LTD October 30, 2025 Approve Seafood Sourcing Policy
Environment or Climate
Other Against Split
2 FOR, 2 AGAINST
AGAINST
4 funds
YUM! BRANDS, INC. May 14, 2026 Shareholder Proposal to Reduce the Percentage of Shares Required to Call a Special Meeting.
Shareholder Rights and Defenses
Other Against Split
3 FOR, 4 AGAINST
FOR
10 funds
ZIMMER BIOMET HOLDINGS, INC. May 22, 2026 Shareholder Proposal on Independent Board Chairman.
Corporate Governance
Other Against Split
1 FOR, 3 AGAINST
AGAINST
10 funds
ZOETIS INC. May 20, 2026 Shareholder proposal to permit shareholder action by written consent.
Shareholder Rights and Defenses
Other Against Split
4 FOR, 4 AGAINST
FOR
15 funds

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