# EDGAR Filing Document

**Accession Number:** 0001792795
**File Stem:** 0001193125-25-181516
**Filing Date:** 2025-8
**Character Count:** 35981
**Document Hash:** e1dbcd6919f482bceb27c2f1842beba1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-181516.hdr.sgml**: 20250815

**ACCESSION NUMBER**: 0001193125-25-181516

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250815

**DATE AS OF CHANGE**: 20250815

**EFFECTIVENESS DATE**: 20250815

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Legg Mason ETF Investment Trust II
- **CENTRAL INDEX KEY:** 0001792795

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23487
- **FILM NUMBER:** 251223529

**BUSINESS ADDRESS:**
- **STREET 1:** 620 EIGHT AVENUE
- **STREET 2:** 49TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** (877) 721-1926

**MAIL ADDRESS:**
- **STREET 1:** 620 EIGHT AVENUE
- **STREET 2:** 49TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ActiveShares ETF Trust
- **DATE OF NAME CHANGE:** 20191030

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001792795

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Registered Management Investment Company

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Legg Mason ETF Investment Trust II

**Address:** ONE MADISON AVENUE, NEW YORK, NY 10010

**Telephone number:** 800-342-5236

**Name of agent for service:** Harris Goldblat

**Agent Address:** 100 First Stamford Place, Stamford, CT 06902

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 811-23487

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [ ] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [x] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                    | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                                                                                                                                         | VOTE CATEGORY                           |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| McKesson Corporation              | 58155Q103 | 07/31/2024     | Election of eleven directors for a one-year term: Richard H. Carmona, M.D.                                                                                                                                                                                                                                               | DIRECTOR ELECTIONS                      |            196 |                0 | FOR         |                                      196 | FOR                         |  |
| McKesson Corporation              | 58155Q103 | 07/31/2024     | Election of eleven directors for a one-year term: Dominic J. Caruso                                                                                                                                                                                                                                                      | DIRECTOR ELECTIONS                      |            196 |                0 | FOR         |                                      196 | FOR                         |  |
| McKesson Corporation              | 58155Q103 | 07/31/2024     | Election of eleven directors for a one-year term: W. Roy Dunbar                                                                                                                                                                                                                                                          | DIRECTOR ELECTIONS                      |            196 |                0 | FOR         |                                      196 | FOR                         |  |
| McKesson Corporation              | 58155Q103 | 07/31/2024     | Election of eleven directors for a one-year term: Deborah Dunsire, M.D.                                                                                                                                                                                                                                                  | DIRECTOR ELECTIONS                      |            196 |                0 | FOR         |                                      196 | FOR                         |  |
| McKesson Corporation              | 58155Q103 | 07/31/2024     | Election of eleven directors for a one-year term: James H. Hinton                                                                                                                                                                                                                                                        | DIRECTOR ELECTIONS                      |            196 |                0 | FOR         |                                      196 | FOR                         |  |
| McKesson Corporation              | 58155Q103 | 07/31/2024     | Election of eleven directors for a one-year term: Donald R. Knauss                                                                                                                                                                                                                                                       | DIRECTOR ELECTIONS                      |            196 |                0 | FOR         |                                      196 | FOR                         |  |
| McKesson Corporation              | 58155Q103 | 07/31/2024     | Election of eleven directors for a one-year term: Bradley E. Lerman                                                                                                                                                                                                                                                      | DIRECTOR ELECTIONS                      |            196 |                0 | FOR         |                                      196 | FOR                         |  |
| McKesson Corporation              | 58155Q103 | 07/31/2024     | Election of eleven directors for a one-year term: Maria N. Martinez                                                                                                                                                                                                                                                      | DIRECTOR ELECTIONS                      |            196 |                0 | FOR         |                                      196 | FOR                         |  |
| McKesson Corporation              | 58155Q103 | 07/31/2024     | Election of eleven directors for a one-year term: Kevin M. Ozan                                                                                                                                                                                                                                                          | DIRECTOR ELECTIONS                      |            196 |                0 | FOR         |                                      196 | FOR                         |  |
| McKesson Corporation              | 58155Q103 | 07/31/2024     | Election of eleven directors for a one-year term: Brian S. Tyler                                                                                                                                                                                                                                                         | DIRECTOR ELECTIONS                      |            196 |                0 | FOR         |                                      196 | FOR                         |  |
| McKesson Corporation              | 58155Q103 | 07/31/2024     | Election of eleven directors for a one-year term: Kathleen Wilson-Thompson                                                                                                                                                                                                                                               | DIRECTOR ELECTIONS                      |            196 |                0 | FOR         |                                      196 | FOR                         |  |
| McKesson Corporation              | 58155Q103 | 07/31/2024     | Ratification of Appointment of Deloitte  Touche LLP as the Company's Independent Registered Public Accounting Firm for Fiscal Year 2025                                                                                                                                                                                  | AUDIT-RELATED                           |            196 |                0 | FOR         |                                      196 | FOR                         |  |
| McKesson Corporation              | 58155Q103 | 07/31/2024     | Advisory vote on Executive Compensation                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES            |            196 |                0 | FOR         |                                      196 | FOR                         |  |
| McKesson Corporation              | 58155Q103 | 07/31/2024     | Approve Amendment to Certificate of Incorporation to Provide for Officer Exculpation                                                                                                                                                                                                                                     | CORPORATE GOVERNANCE                    |            196 |                0 | AGAINST     |                                      196 | AGAINST                     |  |
| McKesson Corporation              | 58155Q103 | 07/31/2024     | Shareholder Proposal on Independent Board Chairman                                                                                                                                                                                                                                                                       | CORPORATE GOVERNANCE                    |            196 |                0 | AGAINST     |                                      196 | FOR                         |  |
| McKesson Corporation              | 58155Q103 | 07/31/2024     | Shareholder Proposal on Report on Risks of State Policies Restricting Reproductive Health Care                                                                                                                                                                                                                           | OTHER SOCIAL ISSUES                     |            196 |                0 | AGAINST     |                                      196 | FOR                         |  |
| Microchip Technology Incorporated | 595017104 | 08/20/2024     | Election of Directors: Ellen L. Barker                                                                                                                                                                                                                                                                                   | DIRECTOR ELECTIONS                      |           1060 |                0 | FOR         |                                     1060 | FOR                         |  |
| Microchip Technology Incorporated | 595017104 | 08/20/2024     | Election of Directors: Matthew W. Chapman                                                                                                                                                                                                                                                                                | DIRECTOR ELECTIONS                      |           1060 |                0 | FOR         |                                     1060 | FOR                         |  |
| Microchip Technology Incorporated | 595017104 | 08/20/2024     | Election of Directors: Karlton D. Johnson                                                                                                                                                                                                                                                                                | DIRECTOR ELECTIONS                      |           1060 |                0 | FOR         |                                     1060 | FOR                         |  |
| Microchip Technology Incorporated | 595017104 | 08/20/2024     | Election of Directors: Ganesh Moorthy                                                                                                                                                                                                                                                                                    | DIRECTOR ELECTIONS                      |           1060 |                0 | FOR         |                                     1060 | FOR                         |  |
| Microchip Technology Incorporated | 595017104 | 08/20/2024     | Election of Directors: Robert A. Rango                                                                                                                                                                                                                                                                                   | DIRECTOR ELECTIONS                      |           1060 |                0 | FOR         |                                     1060 | FOR                         |  |
| Microchip Technology Incorporated | 595017104 | 08/20/2024     | Election of Directors: Karen M. Rapp                                                                                                                                                                                                                                                                                     | DIRECTOR ELECTIONS                      |           1060 |                0 | FOR         |                                     1060 | FOR                         |  |
| Microchip Technology Incorporated | 595017104 | 08/20/2024     | Election of Directors: Steve Sanghi                                                                                                                                                                                                                                                                                      | DIRECTOR ELECTIONS                      |           1060 |                0 | FOR         |                                     1060 | FOR                         |  |
| Microchip Technology Incorporated | 595017104 | 08/20/2024     | Proposal to approve the amendment and restatement of our 2004 Equity Incentive Plan to increase the number of shares of common stock authorized for issuance thereunder by 8,000,000.                                                                                                                                    | COMPENSATION                            |           1060 |                0 | FOR         |                                     1060 | FOR                         |  |
| Microchip Technology Incorporated | 595017104 | 08/20/2024     | Proposal to ratify the appointment of Ernst  Young LLP as the independent registered public accounting firm of Microchip for the fiscal year ending March 31, 2025.                                                                                                                                                      | AUDIT-RELATED                           |           1060 |                0 | FOR         |                                     1060 | FOR                         |  |
| Microchip Technology Incorporated | 595017104 | 08/20/2024     | Proposal to approve, on an advisory (non-binding) basis, the compensation of our named executives.                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES            |           1060 |                0 | FOR         |                                     1060 | FOR                         |  |
| Microchip Technology Incorporated | 595017104 | 08/20/2024     | Stockholder proposal requesting that our Board of Directors commission an independent third-party report, at reasonable expense and excluding proprietary information, on our due diligence process to determine whether our customers' use of our products contribute or are linked to violations of international law. | HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE |           1060 |                0 | AGAINST     |                                     1060 | FOR                         |  |
| Parker-Hannifin Corporation       | 701094104 | 10/23/2024     | Election of the following individuals as Directors for a term expiring at the Annual Meeting of Shareholders in 2025: Denise Russell Fleming                                                                                                                                                                             | DIRECTOR ELECTIONS                      |             29 |                0 | FOR         |                                       29 | FOR                         |  |
| Parker-Hannifin Corporation       | 701094104 | 10/23/2024     | Election of the following individuals as Directors for a term expiring at the Annual Meeting of Shareholders in 2025: Lance M. Fritz                                                                                                                                                                                     | DIRECTOR ELECTIONS                      |             29 |                0 | FOR         |                                       29 | FOR                         |  |
| Parker-Hannifin Corporation       | 701094104 | 10/23/2024     | Election of the following individuals as Directors for a term expiring at the Annual Meeting of Shareholders in 2025: Linda A. Harty                                                                                                                                                                                     | DIRECTOR ELECTIONS                      |             29 |                0 | FOR         |                                       29 | FOR                         |  |
| Parker-Hannifin Corporation       | 701094104 | 10/23/2024     | Election of the following individuals as Directors for a term expiring at the Annual Meeting of Shareholders in 2025: Kevin A. Lobo                                                                                                                                                                                      | DIRECTOR ELECTIONS                      |             29 |                0 | FOR         |                                       29 | FOR                         |  |
| Parker-Hannifin Corporation       | 701094104 | 10/23/2024     | Election of the following individuals as Directors for a term expiring at the Annual Meeting of Shareholders in 2025: Jennifer A. Parmentier                                                                                                                                                                             | DIRECTOR ELECTIONS                      |             29 |                0 | FOR         |                                       29 | FOR                         |  |
| Parker-Hannifin Corporation       | 701094104 | 10/23/2024     | Election of the following individuals as Directors for a term expiring at the Annual Meeting of Shareholders in 2025: E. Jean Savage                                                                                                                                                                                     | DIRECTOR ELECTIONS                      |             29 |                0 | FOR         |                                       29 | FOR                         |  |
| Parker-Hannifin Corporation       | 701094104 | 10/23/2024     | Election of the following individuals as Directors for a term expiring at the Annual Meeting of Shareholders in 2025: Joseph Scaminace                                                                                                                                                                                   | DIRECTOR ELECTIONS                      |             29 |                0 | FOR         |                                       29 | FOR                         |  |
| Parker-Hannifin Corporation       | 701094104 | 10/23/2024     | Election of the following individuals as Directors for a term expiring at the Annual Meeting of Shareholders in 2025: Laura K. Thompson                                                                                                                                                                                  | DIRECTOR ELECTIONS                      |             29 |                0 | FOR         |                                       29 | FOR                         |  |
| Parker-Hannifin Corporation       | 701094104 | 10/23/2024     | Election of the following individuals as Directors for a term expiring at the Annual Meeting of Shareholders in 2025: James R. Verrier                                                                                                                                                                                   | DIRECTOR ELECTIONS                      |             29 |                0 | FOR         |                                       29 | FOR                         |  |
| Parker-Hannifin Corporation       | 701094104 | 10/23/2024     | Election of the following individuals as Directors for a term expiring at the Annual Meeting of Shareholders in 2025: James L. Wainscott                                                                                                                                                                                 | DIRECTOR ELECTIONS                      |             29 |                0 | FOR         |                                       29 | FOR                         |  |
| Parker-Hannifin Corporation       | 701094104 | 10/23/2024     | Approval of, on a non-binding, advisory basis, the compensation of our Named Executive Officers.                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES            |             29 |                0 | FOR         |                                       29 | FOR                         |  |
| Parker-Hannifin Corporation       | 701094104 | 10/23/2024     | Ratification of the appointment of Deloitte  Touche LLP as our independent registered public accounting firm for the fiscal year ending June 30, 2025.                                                                                                                                                                   | AUDIT-RELATED                           |             29 |                0 | FOR         |                                       29 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Election of Directors: Reid G. Hoffman                                                                                                                                                                                                                                                                                   | DIRECTOR ELECTIONS                      |             49 |                0 | FOR         |                                       49 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Election of Directors: Hugh F. Johnston                                                                                                                                                                                                                                                                                  | DIRECTOR ELECTIONS                      |             49 |                0 | FOR         |                                       49 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Election of Directors: Teri L. List                                                                                                                                                                                                                                                                                      | DIRECTOR ELECTIONS                      |             49 |                0 | FOR         |                                       49 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Election of Directors: Catherine MacGregor                                                                                                                                                                                                                                                                               | DIRECTOR ELECTIONS                      |             49 |                0 | FOR         |                                       49 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Election of Directors: Mark A. L. Mason                                                                                                                                                                                                                                                                                  | DIRECTOR ELECTIONS                      |             49 |                0 | FOR         |                                       49 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Election of Directors: Satya Nadella                                                                                                                                                                                                                                                                                     | DIRECTOR ELECTIONS                      |             49 |                0 | FOR         |                                       49 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Election of Directors: Sandra E. Peterson                                                                                                                                                                                                                                                                                | DIRECTOR ELECTIONS                      |             49 |                0 | FOR         |                                       49 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Election of Directors: Penny S. Pritzker                                                                                                                                                                                                                                                                                 | DIRECTOR ELECTIONS                      |             49 |                0 | FOR         |                                       49 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Election of Directors: Carlos A. Rodriguez                                                                                                                                                                                                                                                                               | DIRECTOR ELECTIONS                      |             49 |                0 | FOR         |                                       49 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Election of Directors: Charles W. Scharf                                                                                                                                                                                                                                                                                 | DIRECTOR ELECTIONS                      |             49 |                0 | FOR         |                                       49 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Election of Directors: John W. Stanton                                                                                                                                                                                                                                                                                   | DIRECTOR ELECTIONS                      |             49 |                0 | FOR         |                                       49 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Election of Directors: Emma N. Walmsley                                                                                                                                                                                                                                                                                  | DIRECTOR ELECTIONS                      |             49 |                0 | FOR         |                                       49 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Advisory Vote to Approve Named Executive Officer Compensation ("say-on-pay vote")                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES            |             49 |                0 | FOR         |                                       49 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Ratification of the Selection of Deloitte  Touche LLP as our Independent Auditor for Fiscal Year 2025                                                                                                                                                                                                                    | AUDIT-RELATED                           |             49 |                0 | FOR         |                                       49 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Report on Risks of Weapons Development                                                                                                                                                                                                                                                                                   | OTHER SOCIAL ISSUES                     |             49 |                0 | AGAINST     |                                       49 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Assessment of Investing in Bitcoin                                                                                                                                                                                                                                                                                       | OTHER SOCIAL ISSUES                     |             49 |                0 | AGAINST     |                                       49 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Report on Data Operations in Human Rights Hotspots                                                                                                                                                                                                                                                                       | HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE |             49 |                0 | FOR         |                                       49 | AGAINST                     |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Report on Artificial Intelligence and Machine Learning Tools for Oil and Gas Development and Production                                                                                                                                                                                                                  | OTHER SOCIAL ISSUES                     |             49 |                0 | AGAINST     |                                       49 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Report on AI Misinformation and Disinformation                                                                                                                                                                                                                                                                           | OTHER SOCIAL ISSUES                     |             49 |                0 | AGAINST     |                                       49 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Report on AI Data Sourcing Accountability                                                                                                                                                                                                                                                                                | OTHER SOCIAL ISSUES                     |             49 |                0 | FOR         |                                       49 | AGAINST                     |  |

## N-PX: Signature Block

**Reporting Person:** Legg Mason ETF Investment Trust II

**By (Signature):** Christopher Kings

**By (Printed Signature):** Christopher Kings

**By (Title):** Chief Executive Officer

**Date:** 08/15/2025