N-PX 1 kbi-npx2023.htm ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY







UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

________

FORM N-PX
________

ANNUAL REPORT OF PROXY VOTING RECORD OF
REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act File Number: 811-22920

The Advisors’ Inner Circle Fund III
(Exact name of registrant as specified in charter)

________


101 Federal Street
Boston, Massachusetts 02110
 (Address of principal executive offices)

________


Michael Beattie, President
The Advisors’ Inner Circle Fund III
c/o SEI Investments
One Freedom Valley Drive
Oaks, PA 19456
(Name and address of agent for service)

________


Registrant’s telephone number, including area code: 1-877-446-3863
Date of Fiscal Year End: July 31
Date of Reporting Period: July 1, 2022 to June 30, 2023

________







Item 1. Proxy Voting Record.


Attached are the proxy voting records for:

KBI Global Investors Aquarius Fund
A series of The Advisors’ Inner Circle Fund III:














KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions
A. O. SMITH CORPORATION
Security ID: 831865209
Ticker: AOS
Meeting Date: 11-Apr-23
Meeting Type: Annual
1.1
Elect Director Ronald D. Brown
Management
For
Voted - Withheld
1.2
Elect Director Earl E. Exum
Management
For
Voted - For
1.3
Elect Director Michael M. Larsen
Management
For
Voted - For
1.4
Elect Director Idelle K. Wolf
Management
For
Voted - For
2
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For
3
Ratify Ernst & Young LLP as Auditors
Management
For
Voted - For
4
Advisory Vote on Say on Pay Frequency
Management
One Year
Voted - One Year
5
Report on Whether Company Policies Reinforce Racism in Company Culture
Shareholder
Against
Voted - For
AALBERTS NV
Security ID: N00089271
Ticker: AALB
Meeting Date: 09-Mar-23
Meeting Type: Extraordinary Shareholders
1
Open Meeting
Management
For
Non-Voting
2
Elect T. (Thessa) Menssen to Supervisory Board
Management
For
Voted - For
3
Elect F. (Frank) Melzer to Supervisory Board
Management
For
Voted - For
4
Other Business (Non-Voting)
Management
For
Non-Voting
5
Close Meeting
Management
For
Non-Voting
Meeting Date: 25-May-23
Meeting Type: Annual
1
Open Meeting
Management
For
Non-Voting
2
Receive Annual Report
Management
For
Non-Voting
3.a
Approve Remuneration Report
Management
For
Voted - For
3.b
Approve Consolidated Financial Statements and Statutory Reports
Management
For
Voted - For
4.a
Receive Explanation on Company's Reserves and Dividend Policy
Management
For
Non-Voting
4.b
Approve Dividends
Management
For
Voted - For
5
Approve Discharge of Management Board
Management
For
Voted - For
6
Approve Discharge of Supervisory Board
Management
For
Voted - For
7
Reelect J. Van Der Zouw to Supervisory Board
Management
For
Voted - Against
8
Grant Board Authority to Issue Shares Up to 10 Percent of Issued Capital
Management
For
Voted - For
9
Authorize Board to Exclude Preemptive Rights from Share Issuances
Management
For
Voted - For
10
Authorize Repurchase of Up to 10 Percent of Issued Share Capital
Management
For
Voted - For


1

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

11
Reappoint Deloitte Accountants B.V. as Auditors
Management
For
Voted - For
12
Other Business (Non-Voting)
Management
For
Non-Voting
13
Close Meeting
Management
For
Non-Voting
ADVANCED DRAINAGE SYSTEMS, INC.
Security ID: 00790R104
Ticker: WMS
Meeting Date: 21-Jul-22
Meeting Type: Annual
1a
Elect Director Anesa T. Chaibi
Management
For
Voted - For
1b
Elect Director Robert M. Eversole
Management
For
Voted - For
1c
Elect Director Alexander R. Fischer
Management
For
Voted - For
1d
Elect Director Kelly S. Gast
Management
For
Voted - For
1e
Elect Director M.A. (Mark) Haney
Management
For
Voted - For
1f
Elect Director Ross M. Jones
Management
For
Voted - For
1g
Elect Director Manuel J. "Manny" Perez de la Mesa
Management
For
Voted - For
1h
Elect Director Anil Seetharam
Management
For
Voted - For
2
Ratify Deloitte & Touche LLP as Auditors
Management
For
Voted - For
3
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For
4
Advisory Vote on Say on Pay Frequency
Management
One Year
Voted - One Year
5
Approve Qualified Employee Stock Purchase Plan
Management
For
Voted - For
AECOM
Security ID: 00766T100
Ticker: ACM
Meeting Date: 31-Mar-23
Meeting Type: Annual
1.1
Elect Director Bradley W. Buss
Management
For
Voted - For
1.2
Elect Director Lydia H. Kennard
Management
For
Voted - For
1.3
Elect Director Kristy Pipes
Management
For
Voted - For
1.4
Elect Director Troy Rudd
Management
For
Voted - For
1.5
Elect Director Douglas W. Stotlar
Management
For
Voted - For
1.6
Elect Director Daniel R. Tishman
Management
For
Voted - For
1.7
Elect Director Sander van't Noordende
Management
For
Voted - For
1.8
Elect Director Janet C. Wolfenbarger
Management
For
Voted - For
2
Ratify Ernst & Young LLP as Auditors
Management
For
Voted - For
3
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For
4
Advisory Vote on Say on Pay Frequency
Management
One Year
Voted - One Year


2

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

AGILENT TECHNOLOGIES, INC.
Security ID: 00846U101
Ticker: A
Meeting Date: 15-Mar-23
Meeting Type: Annual
1.1
Elect Director Heidi K. Kunz
Management
For
Voted - For
1.2
Elect Director Susan H. Rataj
Management
For
Voted - For
1.3
Elect Director George A. Scangos
Management
For
Voted - For
1.4
Elect Director Dow R. Wilson
Management
For
Voted - For
2
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For
3
Ratify PricewaterhouseCoopers LLP as Auditors
Management
For
Voted - For
4
Provide Right to Call Special Meeting
Management
For
Voted - For
5
Advisory Vote on Say on Pay Frequency
Management
One Year
Voted - One Year
AMERICAN WATER WORKS COMPANY, INC.
Security ID: 030420103
Ticker: AWK
Meeting Date: 10-May-23
Meeting Type: Annual
1a
Elect Director Jeffrey N. Edwards
Management
For
Voted - For
1b
Elect Director Martha Clark Goss
Management
For
Voted - For
1c
Elect Director M. Susan Hardwick
Management
For
Voted - For
1d
Elect Director Kimberly J. Harris
Management
For
Voted - For
1e
Elect Director Laurie P. Havanec
Management
For
Voted - For
1f
Elect Director Julia L. Johnson
Management
For
Voted - For
1g
Elect Director Patricia L. Kampling
Management
For
Voted - For
1h
Elect Director Karl F. Kurz
Management
For
Voted - For
1i
Elect Director Michael L. Marberry
Management
For
Voted - For
1j
Elect Director James G. Stavridis
Management
For
Voted - For
2
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For
3
Advisory Vote on Say on Pay Frequency
Management
One Year
Voted - One Year
4
Ratify PricewaterhouseCoopers LLP as Auditors
Management
For
Voted - For
5
Oversee and Report a Racial Equity Audit
Shareholder
Against
Voted - For
ANDRITZ AG
Security ID: A11123105
Ticker: ANDR
Meeting Date: 29-Mar-23
Meeting Type: Annual
1
Receive Financial Statements and Statutory Reports for Fiscal Year 2022 (Non-Voting)
Management
For
Non-Voting
2
Approve Allocation of Income and Dividends of EUR 2.10 per Share
Management
For
Voted - For


3

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

3
Approve Discharge of Management Board for Fiscal Year 2022
Management
For
Voted - For
4
Approve Discharge of Supervisory Board for Fiscal Year 2022
Management
For
Voted - For
5
Approve Remuneration of Supervisory Board Members
Management
For
Voted - For
6
Ratify KPMG Austria GmbH as Auditors for Fiscal Year 2023
Management
For
Voted - For
7
Approve Remuneration Report
Management
For
Voted - Against
8
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares
Management
For
Voted - For
9
Amend Articles Re: Company Announcements
Management
For
Voted - For
10.1
New/Amended Proposals from Shareholders
Management
Against
Voted - Against
10.2
New/Amended Proposals from Management and Supervisory Board
Management
Against
Voted - Against
ARCADIS NV
Security ID: N0605M147
Ticker: ARCAD
Meeting Date: 12-May-23
Meeting Type: Annual
1.a
Open Meeting
Management
For
Non-Voting
1.b
Receive Announcements
Management
For
Non-Voting
2
Receive Report of Supervisory Board (Non-Voting)
Management
For
Non-Voting
3
Receive Report of Executive Board (Non-Voting)
Management
For
Non-Voting
4.a
Adopt Financial Statements
Management
For
Voted - For
4.b
Approve Dividends
Management
For
Voted - For
5.a
Approve Discharge of Executive Board
Management
For
Voted - For
5.b
Approve Discharge of Supervisory Board
Management
For
Voted - For
6
Ratify PricewaterhouseCoopers Accountants N.V. as Auditors
Management
For
Voted - For
7.a
Approve Remuneration Report for Executive Board
Management
For
Voted - For
7.b
Approve Remuneration Report for Supervisory Board
Management
For
Voted - For
8
Elect A.G. Brookes to Executive Board
Management
For
Voted - For
9.a
Reelect M.P. Lap to Supervisory Board
Management
For
Voted - For
9.b
Elect B. Duganier to Supervisory Board
Management
For
Voted - For
9.c
Announce Vacancies on the Supervisory Board
Management
For
Non-Voting
10.a
Grant Board Authority to Issue Shares up to 10 Percent of Issued Capital
Management
For
Voted - For
10.b
Authorize Board to Exclude Preemptive Rights from Share Issuances
Management
For
Voted - For
11
Authorize Repurchase of Up to 10 Percent of Issued Share Capital
Management
For
Voted - For
12
Approve 2023 Arcadis N.V. Long-Term Incentive Plan
Management
For
Voted - For
13
Other Business (Non-Voting)
Management
For
Non-Voting
14
Close Meeting
Management
For
Non-Voting


4

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

BEIJING ENTERPRISES WATER GROUP LIMITED
Security ID: G0957L109
Ticker: 371
Meeting Date: 07-Jun-23
Meeting Type: Annual
1
Accept Financial Statements and Statutory Reports
Management
For
Voted - For
2
Approve Final Dividend
Management
For
Voted - For
3a1
Elect Xiong Bin as Director
Management
For
Voted - For
3a2
Elect Li Haifeng as Director
Management
For
Voted - For
3a3
Elect Ke Jian as Director
Management
For
Voted - For
3a4
Elect Sha Ning as Director
Management
For
Voted - For
3a5
Elect Guo Rui as Director
Management
For
Voted - Against
3a6
Elect Chau On Ta Yuen as Director
Management
For
Voted - For
3a7
Elect Dai Xiaohu as Director
Management
For
Voted - For
3b
Authorize Board to Fix Remuneration of Directors
Management
For
Voted - For
4
Approve Ernst & Young as Auditors and Authorize Board to Fix Their Remuneration
Management
For
Voted - For
5
Authorize Repurchase of Issued Share Capital
Management
For
Voted - For
6
Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights
Management
For
Voted - Against
7
Authorize Reissuance of Repurchased Shares
Management
For
Voted - Against
8
Fix Number of Directors at 30 and Authorize Board to Fill Vacancies and to Appoint Additional Directors Up to Maximum Number
Management
For
Voted - For
9
Approve Amendments to the Bye-Laws and Adopt the Amended and Restated Bye-Laws
Management
For
Voted - Against
CHINA EVERBRIGHT ENVIRONMENT GROUP LIMITED
Security ID: Y14226107
Ticker: 257
Meeting Date: 24-May-23
Meeting Type: Annual
1
Accept Financial Statements and Statutory Reports
Management
For
Voted - For
2
Approve Final Dividend
Management
For
Voted - For
3.1
Elect Huang Haiqing as Director
Management
For
Voted - For
3.2
Elect Hu Yanguo as Director
Management
For
Voted - For
3.3
Elect Qian Xiaodong as Director
Management
For
Voted - For
3.4
Elect Fan Yan Hok, Philip as Director
Management
For
Voted - For
3.5
Authorize Board to Fix the Remuneration of the Directors
Management
For
Voted - For
4
Approve Ernst & Young as Auditor and Authorize Board to Fix Their Remuneration
Management
For
Voted - For
5.1
Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights
Management
For
Voted - Against
5.2
Authorize Repurchase of Issued Share Capital
Management
For
Voted - For
5.3
Authorize Reissuance of Repurchased Shares
Management
For
Voted - Against


5

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

CHINA WATER AFFAIRS GROUP LIMITED
Security ID: G21090124
Ticker: 855
Meeting Date: 09-Sep-22
Meeting Type: Annual
1
Accept Financial Statements and Statutory Reports
Management
For
Voted - For
2
Approve Final Dividend
Management
For
Voted - For
3.1
Elect Ding Bin as Director
Management
For
Voted - For
3.2
Elect Zhao Hai Hu as Director
Management
For
Voted - For
3.3
Elect Chau Kam Wing as Director
Management
For
Voted - For
3.4
Elect Siu Chi Ming as Director
Management
For
Voted - For
3.5
Authorize Board to Fix Remuneration of Directors
Management
For
Voted - For
4
Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration
Management
For
Voted - For
5
Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights
Management
For
Voted - Against
6
Authorize Repurchase of Issued Share Capital
Management
For
Voted - For
7
Authorize Reissuance of Repurchased Shares
Management
For
Voted - Against
8
Adopt New Share Option Scheme
Management
For
Voted - Against
COMPANHIA DE SANEAMENTO DE MINAS GERAIS
Security ID: P28269101
Ticker: CSMG3
Meeting Date: 06-Sep-22
Meeting Type: Extraordinary Shareholders
1
Elect Kathleen Garcia Nascimento as Fiscal Council Member
Management
For
Voted - For
2
Elect Thales Almeida Pereira Fernandes as Fiscal Council Member
Management
For
Voted - For
Meeting Date: 21-Oct-22
Meeting Type: Extraordinary Shareholders
1
Authorize Issuance of Non-Convertible Debentures Re: Long-term Loan Operation
Management
For
Did Not Vote
Meeting Date: 04-Nov-22
Meeting Type: Extraordinary Shareholders
1
Elect Juliano Fisicaro Borges as Fiscal Council Member
Management
For
Voted - For
Meeting Date: 28-Apr-23
Meeting Type: Annual
1
Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2022
Management
For
Voted - Against
2
Approve Allocation of Income and Dividends
Management
For
Voted - For
3
Approve Interest-on-Capital-Stock Payment Date
Management
For
Voted - For
4
Approve Investment Plan
Management
For
Voted - For


6

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

Meeting Date: 28-Apr-23
Meeting Type: Extraordinary Shareholders
1
Approve Remuneration of Company's Management and Fiscal Council
Management
For
Voted - Against
2
Amend Articles and Consolidate Bylaws
Management
For
Voted - For
3
Amend Dividend Distribution Policy
Management
For
Voted - For
Meeting Date: 02-Jun-23
Meeting Type: Extraordinary Shareholders
1
Elect Guilherme Augusto Duarte De Faria as Director
Management
For
Did Not Vote
2
Elect Fernando Dal-Ri Murcia as Fiscal Council Member
Management
For
Did Not Vote
CONSOLIDATED WATER CO. LTD.
Security ID: G23773107
Ticker: CWCO
Meeting Date: 23-May-23
Meeting Type: Annual
1.1
Elect Director Linda Beidler-D'Aguilar
Management
For
Voted - For
1.2
Elect Director Brian E. Butler
Management
For
Voted - For
1.3
Elect Director Carson K. Ebanks
Management
For
Voted - For
1.4
Elect Director Clarence B. Flowers, Jr.
Management
For
Voted - For
1.5
Elect Director Frederick W. McTaggart
Management
For
Voted - For
1.6
Elect Director Wilmer F. Pergande
Management
For
Voted - For
1.7
Elect Director Leonard J. Sokolow
Management
For
Voted - For
1.8
Elect Director Raymond Whittaker
Management
For
Voted - For
2
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For
3
Advisory Vote on Say on Pay Frequency
Management
One Year
Voted - One Year
4
Approve Marcum LLP as Auditors and Authorize Board to Fix Their Remuneration
Management
For
Voted - For
CORE & MAIN, INC.
Security ID: 21874C102
Ticker: CNM
Meeting Date: 19-Jul-22
Meeting Type: Annual
1.1
Elect Director James G. Berges
Management
For
Voted - Withheld
1.2
Elect Director Dennis G. Gipson
Management
For
Voted - Withheld
1.3
Elect Director Stephen O. LeClair
Management
For
Voted - Withheld
1.4
Elect Director Nathan K. Sleeper
Management
For
Voted - Withheld
2
Ratify PricewaterhouseCoopers LLP as Auditors
Management
For
Voted - For
3
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For
4
Advisory Vote on Say on Pay Frequency
Management
One Year
Voted - One Year


7

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

Meeting Date: 28-Jun-23
Meeting Type: Annual
1.1
Elect Director Bhavani Amirthalingam
Management
For
Voted - For
1.2
Elect Director Orvin T. Kimbrough
Management
For
Voted - Withheld
1.3
Elect Director Margaret M. Newman
Management
For
Voted - For
1.4
Elect Director Ian A. Rorick
Management
For
Voted - For
2
Ratify PricewaterhouseCoopers LLP as Auditors
Management
For
Voted - For
3
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For
COSTAIN GROUP PLC
Security ID: G24472204
Ticker: COST
Meeting Date: 11-May-23
Meeting Type: Annual
1
Accept Financial Statements and Statutory Reports
Management
For
Voted - For
2
Approve Remuneration Report
Management
For
Voted - For
3
Approve Remuneration Policy
Management
For
Voted - For
4
Elect Kate Rock as Director
Management
For
Voted - For
5
Re-elect Alex Vaughan as Director
Management
For
Voted - For
6
Re-elect Helen Willis as Director
Management
For
Voted - For
7
Re-elect Bishoy Azmy as Director
Management
For
Voted - For
8
Re-elect Neil Crockett as Director
Management
For
Voted - For
9
Re-elect Jacqueline de Rojas as Director
Management
For
Voted - For
10
Re-elect Fiona MacAulay as Director
Management
For
Voted - For
11
Re-elect Tony Quinlan as Director
Management
For
Voted - For
12
Reappoint PricewaterhouseCoopers LLP as Auditors
Management
For
Voted - For
13
Authorise Board to Fix Remuneration of Auditors
Management
For
Voted - For
14
Authorise UK Political Donations and Expenditure
Management
For
Voted - For
15
Authorise Issue of Equity
Management
For
Voted - For
16
Approve Long-Term Incentive Plan
Management
For
Voted - For
17
Approve Share Deferral Plan
Management
For
Voted - For
18
Authorise Issue of Equity without Pre-emptive Rights
Management
For
Voted - For
19
Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment
Management
For
Voted - For
20
Authorise Market Purchase of Ordinary Shares
Management
For
Voted - For
21
Authorise the Company to Call General Meeting with Two Weeks' Notice
Management
For
Voted - For
COWAY CO., LTD.
Security ID: Y1786S109
Ticker: 021240
Meeting Date: 29-Mar-23
Meeting Type: Annual
1
Approve Financial Statements and Allocation of Income
Management
For
Voted - For


8

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

2
Amend Articles of Incorporation
Management
For
Voted - For
3.1
Elect Bang Jun-hyeok as Inside Director
Management
For
Voted - For
3.2
Elect Seo Jang-won as Inside Director
Management
For
Voted - For
3.3
Elect Kim Soon-tae as Inside Director
Management
For
Voted - For
3.4
Elect Yoon Bu-hyeon as Outside Director
Management
For
Voted - For
3.5
Elect Kim Gyu-ho as Outside Director
Management
For
Voted - For
4
Elect Kim Jin-bae as Outside Director to Serve as an Audit Committee Member
Management
For
Voted - For
5.1
Elect Yoon Bu-hyeon as a Member of Audit Committee
Management
For
Voted - For
5.2
Elect Lee Gil-yeon as a Member of Audit Committee
Management
For
Voted - For
6
Approve Total Remuneration of Inside Directors and Outside Directors
Management
For
Voted - For
DANAHER CORPORATION
Security ID: 235851102
Ticker: DHR
Meeting Date: 09-May-23
Meeting Type: Annual
1a
Elect Director Rainer M. Blair
Management
For
Voted - For
1b
Elect Director Feroz Dewan
Management
For
Voted - For
1c
Elect Director Linda Filler
Management
For
Voted - For
1d
Elect Director Teri List
Management
For
Voted - Against
1e
Elect Director Walter G. Lohr, Jr.
Management
For
Voted - For
1f
Elect Director Jessica L. Mega
Management
For
Voted - For
1g
Elect Director Mitchell P. Rales
Management
For
Voted - For
1h
Elect Director Steven M. Rales
Management
For
Voted - For
1i
Elect Director Pardis C. Sabeti
Management
For
Voted - For
1j
Elect Director A. Shane Sanders
Management
For
Voted - Against
1k
Elect Director John T. Schwieters
Management
For
Voted - Against
1l
Elect Director Alan G. Spoon
Management
For
Voted - For
1m
Elect Director Raymond C. Stevens
Management
For
Voted - Against
1n
Elect Director Elias A. Zerhouni
Management
For
Voted - For
2
Ratify Ernst & Young LLP as Auditors
Management
For
Voted - For
3
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For
4
Advisory Vote on Say on Pay Frequency
Management
One Year
Voted - One Year
5
Require Independent Board Chair
Shareholder
Against
Voted - For
6
Report on Effectiveness of Diversity, Equity, and Inclusion Efforts
Shareholder
Against
Voted - For
ECOLAB INC.
Security ID: 278865100
Ticker: ECL
Meeting Date: 04-May-23
Meeting Type: Annual
1a
Elect Director Shari L. Ballard
Management
For
Voted - For


9

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

1b
Elect Director Barbara J. Beck
Management
For
Voted - For
1c
Elect Director Christophe Beck
Management
For
Voted - For
1d
Elect Director Jeffrey M. Ettinger
Management
For
Voted - For
1e
Elect Director Eric M. Green
Management
For
Voted - For
1f
Elect Director Arthur J. Higgins
Management
For
Voted - For
1g
Elect Director Michael Larson
Management
For
Voted - For
1h
Elect Director David W. MacLennan
Management
For
Voted - For
1i
Elect Director Tracy B. McKibben
Management
For
Voted - For
1j
Elect Director Lionel L. Nowell, III
Management
For
Voted - For
1k
Elect Director Victoria J. Reich
Management
For
Voted - For
1l
Elect Director Suzanne M. Vautrinot
Management
For
Voted - For
1m
Elect Director John J. Zillmer
Management
For
Voted - For
2
Ratify PricewaterhouseCoopers LLP as Auditors
Management
For
Voted - For
3
Approve Omnibus Stock Plan
Management
For
Voted - For
4
Amend Nonqualified Employee Stock Purchase Plan
Management
For
Voted - For
5
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - Against
6
Advisory Vote on Say on Pay Frequency
Management
One Year
Voted - One Year
7
Require Independent Board Chair
Shareholder
Against
Voted - For
ESSENTIAL UTILITIES, INC.
Security ID: 29670G102
Ticker: WTRG
Meeting Date: 03-May-23
Meeting Type: Annual
1.1
Elect Director Elizabeth B. Amato
Management
For
Voted - For
1.2
Elect Director David A. Ciesinski
Management
For
Voted - For
1.3
Elect Director Christopher H. Franklin
Management
For
Voted - For
1.4
Elect Director Daniel J. Hilferty
Management
For
Voted - For
1.5
Elect Director Edwina Kelly
Management
For
Voted - For
1.6
Elect Director W. Bryan Lewis
Management
For
Voted - For
1.7
Elect Director Ellen T. Ruff
Management
For
Voted - For
1.8
Elect Director Lee C. Stewart
Management
For
Voted - For
2
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For
3
Ratify PricewaterhouseCoopers LLP as Auditors
Management
For
Voted - For
4
Advisory Vote on Say on Pay Frequency
Management
One Year
Voted - One Year
EVOQUA WATER TECHNOLOGIES CORP.
Security ID: 30057T105
Ticker: AQUA
Meeting Date: 07-Feb-23
Meeting Type: Annual
1.1
Elect Director Ron C. Keating
Management
For
Voted - Withheld
1.2
Elect Director Martin J. Lamb
Management
For
Voted - Withheld
1.3
Elect Director Peter M. Wilver
Management
For
Voted - Withheld


10

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

2
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For
3
Ratify Ernst & Young LLP as Auditors
Management
For
Voted - For
Meeting Date: 11-May-23
Meeting Type: Special
1
Approve Merger Agreement
Management
For
Voted - For
2
Advisory Vote on Golden Parachutes
Management
For
Voted - For
3
Adjourn Meeting
Management
For
Voted - For
FERGUSON PLC
Security ID: G3421J106
Ticker: FERG
Meeting Date: 30-Nov-22
Meeting Type: Annual
1
Accept Financial Statements and Statutory Reports
Management
For
Voted - For
2
Approve Final Dividend
Management
For
Voted - For
3.1
Re-elect Kelly Baker as Director
Management
For
Voted - For
3.2
Re-elect Bill Brundage as Director
Management
For
Voted - For
3.3
Re-elect Geoff Drabble as Director
Management
For
Voted - For
3.4
Re-elect Catherine Halligan as Director
Management
For
Voted - For
3.5
Re-elect Brian May as Director
Management
For
Voted - For
3.6
Re-elect Kevin Murphy as Director
Management
For
Voted - For
3.7
Re-elect Alan Murray as Director
Management
For
Voted - For
3.8
Re-elect Tom Schmitt as Director
Management
For
Voted - For
3.9
Re-elect Nadia Shouraboura as Director
Management
For
Voted - For
3.10
Re-elect Suzanne Wood as Director
Management
For
Voted - For
4
Reappoint Deloitte LLP as Auditors
Management
For
Voted - For
5
Authorise the Audit Committee to Fix Remuneration of Auditors
Management
For
Voted - For
6
Authorise UK Political Donations and Expenditure
Management
For
Voted - For
7
Authorise Issue of Equity
Management
For
Voted - For
8
Approve Non-Employee Director Incentive Plan
Management
For
Voted - For
9
Authorise Issue of Equity without Pre-emptive Rights
Management
For
Voted - For
10
Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment
Management
For
Voted - For
11
Authorise Market Purchase of Ordinary Shares
Management
For
Voted - For
12
Adopt New Articles of Association
Management
For
Voted - For
FORTUNE BRANDS INNOVATIONS, INC.
Security ID: 34964C106
Ticker: FBIN
Meeting Date: 16-May-23
Meeting Type: Annual
1a
Elect Director Nicholas I. Fink
Management
For
Voted - For
1b
Elect Director A. D. David Mackay
Management
For
Voted - For


11

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

1c
Elect Director Stephanie Pugliese
Management
For
Voted - For
2
Ratify PricewaterhouseCoopers LLP as Auditors
Management
For
Voted - For
3
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For
4
Amend Certificate of Incorporation to Provide for Exculpation of Officers
Management
For
Voted - For
GUANGDONG INVESTMENT LIMITED
Security ID: Y2929L100
Ticker: 270
Meeting Date: 16-Jun-23
Meeting Type: Annual
1
Accept Financial Statements and Statutory Reports
Management
For
Voted - For
2
Approve Final Dividend
Management
For
Voted - For
3.1
Elect Hou Wailin as Director
Management
For
Voted - For
3.2
Elect Liang Yuanjuan as Director
Management
For
Voted - For
3.3
Elect Fung Daniel Richard as Director
Management
For
Voted - For
3.4
Elect Cheng Mo Chi, Moses as Director
Management
For
Voted - For
3.5
Authorize Board to Fix Remuneration of Directors
Management
For
Voted - For
4
Approve KPMG as Auditor and Authorize Board to Fix Their Remuneration
Management
For
Voted - For
5
Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights
Management
For
Voted - Against
6
Authorize Repurchase of Issued Share Capital
Management
For
Voted - For
HERA SPA
Security ID: T5250M106
Ticker: HER
Meeting Date: 27-Apr-23
Meeting Type: Annual
1
Accept Financial Statements and Statutory Reports
Management
For
Voted - For
2
Approve Allocation of Income
Management
For
Voted - For
3
Approve Remuneration Policy
Management
For
Voted - Against
4
Approve Second Section of the Remuneration Report
Management
For
Voted - For
5
Authorize Share Repurchase Program and Reissuance of Repurchased Shares
Management
For
Voted - Against
6.1
Slate 1 Submitted by the Shareholder Agreement (40.99 Percent of the Share Capital)
Shareholder
Against
Voted - Against
6.2
Slate 2 Submitted by Gruppo Societa Gas Rimini SpA
Shareholder
Against
Voted - Against
6.3
Slate 3 Submitted by Institutional Investors (Assogestioni)
Shareholder
For
Voted - For
7
Approve Remuneration of Directors
Management
For
Voted - Against
8.1
Slate 1 Submitted by the Shareholder Agreement (40.99 Percent of the Share Capital)
Shareholder
Against
Voted - Against
8.2
Slate 2 Submitted by Gruppo Societa Gas Rimini SpA
Shareholder
Against
Voted - Against
8.3
Slate 3 Submitted by Institutional Investors (Assogestioni)
Shareholder
For
Voted - For


12

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

9
Approve Internal Auditors' Remuneration
Management
For
Voted - Against
A
Deliberations on Possible Legal Action Against Directors if Presented by Shareholders
Management
Against
Voted - Against
HOMESERVE PLC
Security ID: G4639X119
Ticker: HSV
Meeting Date: 22-Jul-22
Meeting Type: Annual
1
Accept Financial Statements and Statutory Reports
Management
For
Voted - For
2
Approve Remuneration Report
Management
For
Voted - For
3
Approve Remuneration Policy
Management
For
Voted - For
4
Re-elect Tommy Breen as Director
Management
For
Voted - Against
5
Re-elect Ross Clemmow as Director
Management
For
Voted - For
6
Re-elect Roisin Donnelly as Director
Management
For
Voted - For
7
Re-elect Richard Harpin as Director
Management
For
Voted - For
8
Re-elect David Bower as Director
Management
For
Voted - For
9
Re-elect Tom Rusin as Director
Management
For
Voted - For
10
Re-elect Katrina Cliffe as Director
Management
For
Voted - For
11
Re-elect Stella David as Director
Management
For
Voted - For
12
Re-elect Edward Fitzmaurice as Director
Management
For
Voted - For
13
Re-elect Olivier Gremillon as Director
Management
For
Voted - For
14
Re-elect Ron McMillan as Director
Management
For
Voted - For
15
Reappoint Deloitte LLP as Auditors
Management
For
Voted - For
16
Authorise Board to Fix Remuneration of Auditors
Management
For
Voted - For
17
Authorise Issue of Equity
Management
For
Voted - For
18
Authorise Issue of Equity without Pre-emptive Rights
Management
For
Voted - For
19
Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment
Management
For
Voted - For
20
Authorise Market Purchase of Ordinary Shares
Management
For
Voted - For
21
Authorise the Company to Call General Meeting with Two Weeks' Notice
Management
For
Voted - For
22
Amend HomeServe 2018 Long-Term Incentive Plan
Management
For
Voted - For
Meeting Date: 22-Jul-22
Meeting Type: Court
1
Approve Scheme of Arrangement
Management
For
Voted - For
Meeting Date: 22-Jul-22
Meeting Type: Special
1
Approve Matters Relating to the Recommended Cash Acquisition of Homeserve plc by Hestia Bidco Limited
Management
For
Voted - For


13

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

IDEX CORPORATION
Security ID: 45167R104
Ticker: IEX
Meeting Date: 25-May-23
Meeting Type: Annual
1a
Elect Director Katrina L. Helmkamp
Management
For
Voted - For
1b
Elect Director Mark A. Beck
Management
For
Voted - For
1c
Elect Director Carl R. Christenson
Management
For
Voted - For
1d
Elect Director Alejandro Quiroz Centeno
Management
For
Voted - For
2
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For
3
Advisory Vote on Say on Pay Frequency
Management
One Year
Voted - One Year
4
Ratify Deloitte & Touche LLP as Auditors
Management
For
Voted - For
5
Report on Hiring of Persons with Arrest or Incarceration Records
Shareholder
Against
Voted - For
ITRON, INC.
Security ID: 465741106
Ticker: ITRI
Meeting Date: 11-May-23
Meeting Type: Annual
1a
Elect Director Mary C. Hemmingsen
Management
For
Voted - For
1b
Elect Director Jerome J. Lande
Management
For
Voted - For
1c
Elect Director Frank M. Jaehnert
Management
For
Voted - For
2
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For
3
Advisory Vote on Say on Pay Frequency
Management
One Year
Voted - One Year
4
Amend Qualified Employee Stock Purchase Plan
Management
For
Voted - For
5
Ratify Deloitte & Touche LLP as Auditors
Management
For
Voted - For
KUBOTA CORP.
Security ID: J36662138
Ticker: 6326
Meeting Date: 24-Mar-23
Meeting Type: Annual
1.1
Elect Director Kitao, Yuichi
Management
For
Voted - For
1.2
Elect Director Yoshikawa, Masato
Management
For
Voted - For
1.3
Elect Director Watanabe, Dai
Management
For
Voted - For
1.4
Elect Director Kimura, Hiroto
Management
For
Voted - For
1.5
Elect Director Yoshioka, Eiji
Management
For
Voted - For
1.6
Elect Director Hanada, Shingo
Management
For
Voted - For
1.7
Elect Director Matsuda, Yuzuru
Management
For
Voted - For
1.8
Elect Director Ina, Koichi
Management
For
Voted - For
1.9
Elect Director Shintaku, Yutaro
Management
For
Voted - For
1.10
Elect Director Arakane, Kumi
Management
For
Voted - For
1.11
Elect Director Kawana, Koichi
Management
For
Voted - For


14

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

2
Appoint Alternate Statutory Auditor Iwamoto, Hogara
Management
For
Voted - For
KURITA WATER INDUSTRIES LTD.
Security ID: J37221116
Ticker: 6370
Meeting Date: 29-Jun-23
Meeting Type: Annual
1
Approve Allocation of Income, with a Final Dividend of JPY 39
Management
For
Voted - For
2
Amend Articles to Abolish Board Structure with Statutory Auditors - Adopt Board Structure with Three Committees - Clarify Director Authority on Shareholder Meetings - Amend Provisions on Director Titles - Indemnify Directors
Management
For
Voted - For
3.1
Elect Director Kadota, Michiya
Management
For
Voted - For
3.2
Elect Director Ejiri, Hirohiko
Management
For
Voted - For
3.3
Elect Director Shirode, Shuji
Management
For
Voted - For
3.4
Elect Director Muto, Yukihiko
Management
For
Voted - For
3.5
Elect Director Kobayashi, Kenjiro
Management
For
Voted - For
3.6
Elect Director Tanaka, Keiko
Management
For
Voted - For
3.7
Elect Director Miyazaki, Masahiro
Management
For
Voted - For
3.8
Elect Director Takayama, Yoshiko
Management
For
Voted - For
LINDSAY CORPORATION
Security ID: 535555106
Ticker: LNN
Meeting Date: 10-Jan-23
Meeting Type: Annual
1.1
Elect Director Michael N. Christodolou
Management
For
Voted - For
1.2
Elect Director Ibrahim Gokcen
Management
For
Voted - For
1.3
Elect Director David B. Rayburn
Management
For
Voted - For
2
Ratify KPMG LLP as Auditors
Management
For
Voted - For
3
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For
4
Advisory Vote on Say on Pay Frequency
Management
One Year
Voted - One Year
MUELLER WATER PRODUCTS, INC.
Security ID: 624758108
Ticker: MWA
Meeting Date: 07-Feb-23
Meeting Type: Annual
1.1
Elect Director Shirley C. Franklin
Management
For
Voted - For
1.2
Elect Director J. Scott Hall
Management
For
Voted - Against
1.3
Elect Director Thomas J. Hansen
Management
For
Voted - Against
1.4
Elect Director Mark J. O'Brien
Management
For
Voted - Against
1.5
Elect Director Christine Ortiz
Management
For
Voted - Against


15

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

1.6
Elect Director Jeffery S. Sharritts
Management
For
Voted - For
1.7
Elect Director Brian L. Slobodow
Management
For
Voted - For
1.8
Elect Director Lydia W. Thomas
Management
For
Voted - Against
1.9
Elect Director Michael T. Tokarz
Management
For
Voted - Against
1.10
Elect Director Stephen C. Van Arsdell
Management
For
Voted - For
2
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For
3
Advisory Vote on Say on Pay Frequency
Management
One Year
Voted - One Year
4
Ratify Ernst & Young LLP as Auditors
Management
For
Voted - For
NORMA GROUP SE
Security ID: D5813Z104
Ticker: NOEJ
Meeting Date: 11-May-23
Meeting Type: Annual
1
Receive Financial Statements and Statutory Reports for Fiscal Year 2022 (Non-Voting)
Management
For
Non-Voting
2
Approve Allocation of Income and Dividends of EUR 0.55 per Share
Management
For
Voted - For
3.1
Approve Discharge of Management Board Member Michael Schneider for Fiscal Year 2022
Management
For
Voted - For
3.2
Approve Discharge of Management Board Member Friedrich Klein for Fiscal Year 2022
Management
For
Voted - For
3.3
Approve Discharge of Management Board Member Annette Stieve for Fiscal Year 2022
Management
For
Voted - For
4.1
Approve Discharge of Supervisory Board Member Guenter Hauptmann for Fiscal Year 2022
Management
For
Voted - For
4.2
Approve Discharge of Supervisory Board Member Erika Schulte for Fiscal Year 2022
Management
For
Voted - For
4.3
Approve Discharge of Supervisory Board Member Rita Forst for Fiscal Year 2022
Management
For
Voted - For
4.4
Approve Discharge of Supervisory Board Member Miguel Borrego for Fiscal Year 2022
Management
For
Voted - For
4.5
Approve Discharge of Supervisory Board Member Knut Michelberger for Fiscal Year 2022
Management
For
Voted - For
4.6
Approve Discharge of Supervisory Board Member Mark Wilhelms for Fiscal Year 2022
Management
For
Voted - For
5
Ratify KPMG AG as Auditors for Fiscal Year 2023
Management
For
Voted - For
6.1
Elect Markus Distelhoff to the Supervisory Board
Management
For
Voted - For
6.2
Elect Rita Forst to the Supervisory Board
Management
For
Voted - For
6.3
Elect Denise Koopmans to the Supervisory Board
Management
For
Voted - For
6.4
Elect Erika Schulte to the Supervisory Board
Management
For
Voted - For
7
Approve Remuneration Report
Management
For
Voted - For
8.1
Approve Virtual-Only Shareholder Meetings Until 2025
Management
For
Voted - For
8.2
Amend Articles Re: Participation of Supervisory Board Members in the Virtual Annual General Meeting by Means of Audio and Video Transmission
Management
For
Voted - For


16

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

ORBIA ADVANCE CORPORATION SAB DE CV
Security ID: P7S81Y105
Ticker: ORBIA
Meeting Date: 30-Mar-23
Meeting Type: Annual
1.1
Accept CEO's Report and Board's Report on Operations and Results
Management
For
Voted - For
1.2
Accept Individual and Consolidated Financial Statements
Management
For
Voted - For
1.3
Accept Report on Compliance of Fiscal Obligations
Management
For
Voted - For
2.1
Accept Report of Audit Committee
Management
For
Voted - For
2.2
Accept Report of Corporate Governance, Responsibility and Compensation Committee
Management
For
Voted - For
2.3
Accept Report of Finance Committee
Management
For
Voted - For
3.1
Approve Allocation of Individual and Consolidated Net Profit in the Amount of USD 567 Million and USD 665 Million Respectively
Management
For
Voted - For
3.2
Approve Allocation of Individual and/or Consolidated Profits Referred to in Previous Item 3.1 to Accumulated Results Account
Management
For
Voted - For
3.3
Approve Ordinary Cash Dividends of USD 240 Million
Management
For
Voted - For
4.1
Ratify Antonio Del Valle Ruiz as Honorary and Lifetime Board Chairman
Management
For
Voted - For
4.2a
Elect or Ratify Juan Pablo Del Valle Perochena as Board Member
Management
For
Voted - For
4.2b
Elect or Ratify Antonio Del Valle Perochena as Board Member
Management
For
Voted - For
4.2c
Elect or Ratify Maria de Guadalupe Del Valle Perochena as Board Member
Management
For
Voted - For
4.2d
Elect or Ratify Francisco Javier Del Valle Perochena as Board Member
Management
For
Voted - For
4.2e
Elect or Ratify Guillermo Ortiz Martinez as Board Member
Management
For
Voted - Against
4.2f
Elect or Ratify Divo Milan Haddad as Board Member
Management
For
Voted - For
4.2g
Elect or Ratify Alma Rosa Moreno Razo as Board Member
Management
For
Voted - For
4.2h
Elect or Ratify Maria Teresa Altagracia Arnal Machado as Board Member
Management
For
Voted - For
4.2i
Elect or Ratify Jack Goldstein Ring as Board Member
Management
For
Voted - For
4.2j
Elect or Ratify Edward Mark Rajkowski as Board Member
Management
For
Voted - For
4.2k
Elect or Ratify Mihir Arvind Desai as Board Member
Management
For
Voted - For
4.3a
Elect or Ratify Juan Pablo Del Valle Perochena as Chairman of Board of Directors
Management
For
Voted - For
4.3b
Elect or Ratify Juan Pablo Del Rio Benitez as Secretary (Non-Member) of Board
Management
For
Voted - For
4.3c
Elect or Ratify Sheldon Vincent Hirt as Alternate Secretary (Non-Member) of Board
Management
For
Voted - For


17

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

4.4a
Elect or Ratify Edward Mark Rajkowski as Chairman of Audit Committee
Management
For
Voted - For
4.4b
Elect or Ratify Maria Teresa Altagracia Arnal Machado as Chairman of Corporate Practices, Responsability and Compensation Committee
Management
For
Voted - For
5
Approve Remuneration of Members of Board and Key Committees
Management
For
Voted - Against
6.1
Approve Cancellation of Balance of Amount Approved to be Used for Acquisition of Company's Shares
Management
For
Voted - For
6.2
Set Aggregate Nominal Amount of Share Repurchase Reserve
Management
For
Voted - Against
7
Accept Report on Adoption or Modification of Policies in Share Repurchases of Company
Management
For
Voted - For
8
Authorize Cancellation of Repurchased Shares
Management
For
Voted - For
9
Authorize Board to Ratify and Execute Approved Resolutions
Management
For
Voted - For
PENNON GROUP PLC
Security ID: G8295T239
Ticker: PNN
Meeting Date: 21-Jul-22
Meeting Type: Annual
1
Accept Financial Statements and Statutory Reports
Management
For
Voted - For
2
Approve Final Dividend
Management
For
Voted - For
3
Approve Remuneration Report
Management
For
Voted - For
4
Re-elect Gill Rider as Director
Management
For
Voted - For
5
Re-elect Susan Davy as Director
Management
For
Voted - For
6
Re-elect Paul Boote as Director
Management
For
Voted - For
7
Re-elect Neil Cooper as Director
Management
For
Voted - For
8
Re-elect Iain Evans as Director
Management
For
Voted - For
9
Re-elect Claire Ighodaro as Director
Management
For
Voted - For
10
Re-elect Jon Butterworth as Director
Management
For
Voted - For
11
Reappoint Ernst & Young LLP as Auditors
Management
For
Voted - For
12
Authorise the Audit Committee to Fix Remuneration of Auditors
Management
For
Voted - For
13
Authorise UK Political Donations and Expenditure
Management
For
Voted - For
14
Authorise Issue of Equity
Management
For
Voted - For
15
Authorise Issue of Equity without Pre-emptive Rights
Management
For
Voted - For
16
Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment
Management
For
Voted - For
17
Authorise Market Purchase of Ordinary Shares
Management
For
Voted - For
18
Authorise the Company to Call General Meeting with Two Weeks' Notice
Management
For
Voted - For
19
Approve Climate-Related Financial Disclosures
Management
For
Voted - For
20
Amend Articles of Association
Management
For
Voted - For


18

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

PENTAIR PLC
Security ID: G7S00T104
Ticker: PNR
Meeting Date: 09-May-23
Meeting Type: Annual
1a
Elect Director Mona Abutaleb Stephenson
Management
For
Voted - For
1b
Elect Director Melissa Barra
Management
For
Voted - For
1c
Elect Director T. Michael Glenn
Management
For
Voted - For
1d
Elect Director Theodore L. Harris
Management
For
Voted - For
1e
Elect Director David A. Jones
Management
For
Voted - For
1f
Elect Director Gregory E. Knight
Management
For
Voted - For
1g
Elect Director Michael T. Speetzen
Management
For
Voted - For
1h
Elect Director John L. Stauch
Management
For
Voted - For
1i
Elect Director Billie I. Williamson
Management
For
Voted - For
2
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For
3
Advisory Vote on Say on Pay Frequency
Management
One Year
Voted - One Year
4
Ratify Deloitte & Touche LLP as Auditors and Authorise Their Remuneration
Management
For
Voted - For
5
Renew the Board's Authority to Issue Shares Under Irish Law
Management
For
Voted - For
6
Renew the Board's Authority to Opt-Out of Statutory Preemption Rights Under Irish Law
Management
For
Voted - For
7
Determine Price Range for Reissuance of Treasury Shares
Management
For
Voted - For
ROPER TECHNOLOGIES, INC.
Security ID: 776696106
Ticker: ROP
Meeting Date: 13-Jun-23
Meeting Type: Annual
1.1
Elect Director Shellye L. Archambeau
Management
For
Voted - For
1.2
Elect Director Amy Woods Brinkley
Management
For
Voted - For
1.3
Elect Director Irene M. Esteves
Management
For
Voted - For
1.4
Elect Director L. Neil Hunn
Management
For
Voted - For
1.5
Elect Director Robert D. Johnson
Management
For
Voted - For
1.6
Elect Director Thomas P. Joyce, Jr.
Management
For
Voted - For
1.7
Elect Director Laura G. Thatcher
Management
For
Voted - For
1.8
Elect Director Richard F. Wallman
Management
For
Voted - For
1.9
Elect Director Christopher Wright
Management
For
Voted - For
2
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For
3
Advisory Vote on Say on Pay Frequency
Management
One Year
Voted - One Year
4
Ratify PricewaterhouseCoopers LLP as Auditors
Management
For
Voted - For
5
Amend Certificate of Incorporation to Permit the Exculpation of Officers
Management
For
Voted - For


19

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

SEVERN TRENT PLC
Security ID: G8056D159
Ticker: SVT
Meeting Date: 07-Jul-22
Meeting Type: Annual
1
Accept Financial Statements and Statutory Reports
Management
For
Voted - For
2
Approve Remuneration Report
Management
For
Voted - For
3
Approve Final Dividend
Management
For
Voted - For
4
Re-elect Kevin Beeston as Director
Management
For
Voted - For
5
Re-elect James Bowling as Director
Management
For
Voted - For
6
Re-elect John Coghlan as Director
Management
For
Voted - For
7
Elect Tom Delay as Director
Management
For
Voted - For
8
Re-elect Olivia Garfield as Director
Management
For
Voted - For
9
Re-elect Christine Hodgson as Director
Management
For
Voted - For
10
Re-elect Sharmila Nebhrajani as Director
Management
For
Voted - For
11
Re-elect Philip Remnant as Director
Management
For
Voted - For
12
Elect Gillian Sheldon as Director
Management
For
Voted - For
13
Reappoint Deloitte LLP as Auditors
Management
For
Voted - For
14
Authorise the Audit and Risk Committee to Fix Remuneration of Auditors
Management
For
Voted - For
15
Authorise UK Political Donations and Expenditure
Management
For
Voted - For
16
Authorise Issue of Equity
Management
For
Voted - For
17
Authorise Issue of Equity without Pre-emptive Rights
Management
For
Voted - For
18
Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment
Management
For
Voted - For
19
Authorise Market Purchase of Ordinary Shares
Management
For
Voted - For
20
Adopt New Articles of Association
Management
For
Voted - For
21
Authorise the Company to Call General Meeting with Two Weeks' Notice
Management
For
Voted - For
SIIC ENVIRONMENT HOLDINGS LTD.
Security ID: Y7938H115
Ticker: BHK
Meeting Date: 28-Apr-23
Meeting Type: Annual
1
Adopt Financial Statements and Directors' and Auditors' Reports
Management
For
Voted - For
2
Approve Final Dividend
Management
For
Voted - For
3
Approve Directors' Fees
Management
For
Voted - For
4
Elect Yang Jianwei as Director
Management
For
Voted - For
5
Elect An Hongjun as Director
Management
For
Voted - Against
6
Elect Zhong Ming as Director
Management
For
Voted - Against
7
Elect Yang Wei as Director
Management
For
Voted - For
8
Approve Deloitte & Touche LLP as Auditors and Authorize Board to Fix Their Remuneration
Management
For
Voted - For


20

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

9
Approve Issuance of Equity or Equity-Linked Securities with or without Preemptive Rights
Management
For
Voted - Against
10
Authorize Share Repurchase Program
Management
For
Voted - For
11
Approve Amendments to Constitution
Management
For
Voted - For
SJW GROUP
Security ID: 784305104
Ticker: SJW
Meeting Date: 26-Apr-23
Meeting Type: Annual
1a
Elect Director Carl Guardino
Management
For
Voted - For
1b
Elect Director Mary Ann Hanley
Management
For
Voted - For
1c
Elect Director Heather Hunt
Management
For
Voted - For
1d
Elect Director Rebecca A. Klein
Management
For
Voted - For
1e
Elect Director Gregory P. Landis
Management
For
Voted - For
1f
Elect Director Daniel B. More
Management
For
Voted - For
1g
Elect Director Eric W. Thornburg
Management
For
Voted - For
1h
Elect Director Carol P. Wallace
Management
For
Voted - For
2
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For
3
Advisory Vote on Say on Pay Frequency
Management
One Year
Voted - One Year
4
Approve Omnibus Stock Plan
Management
For
Voted - For
5
Approve Qualified Employee Stock Purchase Plan
Management
For
Voted - For
6
Ratify Deloitte & Touche LLP as Auditors
Management
For
Voted - For
STANTEC INC.
Security ID: 85472N109
Ticker: STN
Meeting Date: 11-May-23
Meeting Type: Annual
1.1
Elect Director Douglas K. Ammerman
Management
For
Voted - For
1.2
Elect Director Martin A. a Porta
Management
For
Voted - For
1.3
Elect Director Shelley A. M. Brown
Management
For
Voted - For
1.4
Elect Director Angeline G. Chen
Management
For
Voted - For
1.5
Elect Director Patricia D. Galloway
Management
For
Voted - For
1.6
Elect Director Robert (Bob) J. Gomes
Management
For
Voted - For
1.7
Elect Director Gordon (Gord) A. Johnston
Management
For
Voted - For
1.8
Elect Director Donald (Don) J. Lowry
Management
For
Voted - For
1.9
Elect Director Marie-Lucie Morin
Management
For
Voted - For
1.10
Elect Director Celina J. Wang Doka
Management
For
Voted - For
2
Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration
Management
For
Voted - For
3
Advisory Vote on Executive Compensation Approach
Management
For
Voted - For


21

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

THE WEIR GROUP PLC
Security ID: G95248137
Ticker: WEIR
Meeting Date: 27-Apr-23
Meeting Type: Annual
1
Accept Financial Statements and Statutory Reports
Management
For
Voted - For
2
Approve Remuneration Report
Management
For
Voted - For
3
Approve Final Dividend
Management
For
Voted - For
4
Re-elect Barbara Jeremiah as Director
Management
For
Voted - For
5
Re-elect Jon Stanton as Director
Management
For
Voted - For
6
Re-elect John Heasley as Director
Management
For
Voted - For
7
Elect Dame Nicole Brewer as Director
Management
For
Voted - For
8
Re-elect Clare Chapman as Director
Management
For
Voted - For
9
Elect Tracey Kerr as Director
Management
For
Voted - For
10
Re-elect Ben Magara as Director
Management
For
Voted - For
11
Re-elect Sir Jim McDonald as Director
Management
For
Voted - For
12
Re-elect Srinivasan Venkatakrishnan as Director
Management
For
Voted - For
13
Re-elect Stephen Young as Director
Management
For
Voted - For
14
Reappoint PricewaterhouseCoopers LLP as Auditors
Management
For
Voted - For
15
Authorise the Audit Committee to Fix Remuneration of Auditors
Management
For
Voted - For
16
Authorise Issue of Equity
Management
For
Voted - For
17
Authorise Issue of Equity without Pre-emptive Rights
Management
For
Voted - For
18
Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment
Management
For
Voted - For
19
Authorise Market Purchase of Ordinary Shares
Management
For
Voted - For
20
Authorise the Company to Call General Meeting with Two Weeks' Notice
Management
For
Voted - For
UNITED UTILITIES GROUP PLC
Security ID: G92755100
Ticker: UU
Meeting Date: 22-Jul-22
Meeting Type: Annual
1
Accept Financial Statements and Statutory Reports
Management
For
Voted - For
2
Approve Final Dividend
Management
For
Voted - For
3
Approve Remuneration Report
Management
For
Voted - For
4
Approve Remuneration Policy
Management
For
Voted - For
5
Re-elect Sir David Higgins as Director
Management
For
Voted - For
6
Re-elect Steve Mogford as Director
Management
For
Voted - For
7
Re-elect Phil Aspin as Director
Management
For
Voted - For
8
Elect Louise Beardmore as Director
Management
For
Voted - For
9
Elect Liam Butterworth as Director
Management
For
Voted - For
10
Re-elect Kath Cates as Director
Management
For
Voted - For
11
Re-elect Alison Goligher as Director
Management
For
Voted - For


22

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

12
Re-elect Paulette Rowe as Director
Management
For
Voted - For
13
Re-elect Doug Webb as Director
Management
For
Voted - For
14
Reappoint KPMG LLP as Auditors
Management
For
Voted - For
15
Authorise the Audit Committee to Fix Remuneration of Auditors
Management
For
Voted - For
16
Approve Climate-Related Financial Disclosures
Management
For
Voted - Against
17
Authorise Issue of Equity
Management
For
Voted - For
18
Authorise Issue of Equity without Pre-emptive Rights
Management
For
Voted - For
19
Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment
Management
For
Voted - For
20
Authorise Market Purchase of Ordinary Shares
Management
For
Voted - For
21
Approve Long Term Plan
Management
For
Voted - For
22
Authorise the Company to Call General Meeting with Two Weeks' Notice
Management
For
Voted - For
23
Authorise UK Political Donations and Expenditure
Management
For
Voted - For
VA TECH WABAG LIMITED
Security ID: Y9356W111
Ticker: 533269
Meeting Date: 24-Aug-22
Meeting Type: Annual
1
Accept Financial Statements and Statutory Reports
Management
For
Voted - For
2
Reelect S Varadarajan as Director
Management
For
Voted - For
3
Reelect Milin Mehta as Director
Management
For
Voted - For
4
Approve Remuneration of Cost Auditors
Management
For
Voted - For
VEOLIA ENVIRONNEMENT SA
Security ID: F9686M107
Ticker: VIE
Meeting Date: 27-Apr-23
Meeting Type: Annual/Special
1
Approve Financial Statements and Statutory Reports
Management
For
Voted - For
2
Approve Consolidated Financial Statements and Statutory Reports
Management
For
Voted - For
3
Approve Non-Deductible Expenses
Management
For
Voted - For
4
Approve Allocation of Income and Dividends of EUR 1.12 per Share
Management
For
Voted - For
5
Approve Auditors' Special Report on Related-Party Transactions Mentioning the Absence of New Transactions
Management
For
Voted - For
6
Reelect Maryse Aulagnon as Director
Management
For
Voted - For
7
Elect Olivier Andries as Director
Management
For
Voted - For
8
Elect Veronique Bedague-Hamilius as Director
Management
For
Voted - For
9
Elect Francisco Reynes as Director
Management
For
Voted - For
10
Renew Appointment of Ernst & Young et Autres as Auditor
Management
For
Voted - For


23

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

11
Approve Compensation of Antoine Frerot, Chairman and CEO from January 1, 2022 until June 30, 2022
Management
For
Voted - For
12
Approve Compensation of Antoine Frerot, Chairman of the Board from July 1, 2022 until December 31, 2022
Management
For
Voted - For
13
Approve Compensation of Estelle Brachlianoff, CEO from July 1, 2022 until December 31, 2022
Management
For
Voted - For
14
Approve Compensation Report of Corporate Officers
Management
For
Voted - For
15
Approve Remuneration Policy of Chairman of the Board
Management
For
Voted - For
16
Approve Remuneration Policy of CEO
Management
For
Voted - For
17
Approve Remuneration Policy of Directors
Management
For
Voted - For
18
Authorize Repurchase of Up to 10 Percent of Issued Share Capital
Management
For
Voted - For
19
Authorize Capital Issuances for Use in Employee Stock Purchase Plans
Management
For
Voted - For
20
Authorize Capital Issuances for Use in Employee Stock Purchase Plans Reserved for Employees and Corporate Officers of International Subsidiaries
Management
For
Voted - For
21
Authorize up to 0.35 Percent of Issued Capital for Use in Restricted Stock Plans Reserved for Employees and Corporate Officers With Performance Conditions Attached
Management
For
Voted - For
22
Amend Article 15 of Bylaws Re: Corporate Purpose
Management
For
Voted - Against
23
Authorize Filing of Required Documents/Other Formalities
Management
For
Voted - For
XYLEM INC.
Security ID: 98419M100
Ticker: XYL
Meeting Date: 11-May-23
Meeting Type: Special
1
Issue Shares in Connection with Acquisition
Management
For
Voted - For
2
Adjourn Meeting
Management
For
Voted - For
Meeting Date: 18-May-23
Meeting Type: Annual
1a
Elect Director Jeanne Beliveau-Dunn
Management
For
Voted - For
1b
Elect Director Patrick K. Decker
Management
For
Voted - For
1c
Elect Director Earl R. Ellis
Management
For
Voted - For
1d
Elect Director Robert F. Friel
Management
For
Voted - For
1e
Elect Director Victoria D. Harker
Management
For
Voted - For
1f
Elect Director Steven R. Loranger
Management
For
Voted - For
1g
Elect Director Mark D. Morelli
Management
For
Voted - For
1h
Elect Director Jerome A. Peribere
Management
For
Voted - For
1i
Elect Director Lila Tretikov
Management
For
Voted - For
1j
Elect Director Uday Yadav
Management
For
Voted - For
2
Ratify Deloitte & Touche LLP as Auditors
Management
For
Voted - For
3
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For


24

KBI Global Investors Aquarius Fund
 
Proposal
Proponent
Management Recommendation
Vote Instructions

4
Require Independent Board Chair
Shareholder
Against
Voted - For
ZURN ELKAY WATER SOLUTIONS CORPORATION
Security ID: 98983L108
Ticker: ZWS
Meeting Date: 04-May-23
Meeting Type: Annual
1.1
Elect Director Thomas D. Christopoul
Management
For
Voted - For
1.2
Elect Director Emma M. McTague
Management
For
Voted - For
1.3
Elect Director Peggy N. Troy
Management
For
Voted - For
2
Advisory Vote to Ratify Named Executive Officers' Compensation
Management
For
Voted - For
3
Ratify Ernst & Young LLP as Auditors
Management
For
Voted - For






25

SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


The Advisors’ Inner Circle Fund III

By:   /s/ Michael Beattie
Michael Beattie
President
Date: August 1, 2023





26