The Securities and Exchange Commission has proposed amendments to Form N-PX under the Investment Company Act of 1940 to increase the utility to investors of proxy voting information reported on Form N‑PX by mutual funds, exchange-traded funds and certain other funds (collectively, funds) (Proposal). The Proposal also includes rule and form amendments under the Securities Exchange Act of 1934 that would require institutional investment managers subject to reporting requirements under Section 13(f) of the Exchange Act (managers) to annually report their proxy voting record on Form N-PX with respect to proxies relating to certain shareholder advisory votes on executive compensation matters. At the open meeting during which the Proposal was approved, SEC Chairman Gary Gensler stated that the Proposal will “make the information on Form N-PX more consistent, comparable, and decision-useful for investors.”