# EDGAR Filing Document

**Accession Number:** 0001681004
**File Stem:** 0001012975-25-000435
**Filing Date:** 2025-8
**Character Count:** 33677
**Document Hash:** 11ff3fd51354d458b3b5a5cec05533f0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001012975-25-000435.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001012975-25-000435

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250813

**EFFECTIVENESS DATE**: 20250813

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bell Asset Management Ltd
- **CENTRAL INDEX KEY:** 0001681004

**ORGANIZATION NAME:**
- **EIN:** 061537216
- **STATE OF INCORPORATION:** C3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18511
- **FILM NUMBER:** 251209148

**BUSINESS ADDRESS:**
- **STREET 1:** LEVEL 30, 101 COLLINS STREET
- **CITY:** MELBOURNE
- **STATE:** C3
- **ZIP:** 3000
- **BUSINESS PHONE:** 61 3 8637 6000

**MAIL ADDRESS:**
- **STREET 1:** LEVEL 30, 101 COLLINS STREET
- **CITY:** MELBOURNE
- **STATE:** C3
- **ZIP:** 3000

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

## N-PX: Filer Information

**Filer CIK:** 0001681004

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

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

**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:** Bell Asset Management Ltd

**Address:** LEVEL 30, 101 COLLINS STREET, MELBOURNE, C3 3000

**Telephone number:** 61 3 8637 6097

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-18511

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

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

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] 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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Accenture plc                        | G1151C101 | 02/06/2025     | To approve, in a non-binding vote, the compensation of our named executive officers.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          20080 |                0 | FOR            |                                    15830 | FOR                         |  |
| Adobe Inc.                           | 00724F101 | 04/22/2025     | Approve, On An Advisory Basis, The Compensation Of Our Named Executive Officers.                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          20361 |                0 | FOR            |                                    15999 | FOR                         |  |
| Advanced Drainage Systems, Inc.      | 00790R104 | 07/18/2024     | Approval, in a non-binding advisory vote, of the compensation for named executive officers.                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         109453 |                0 | AGAINST        |                                   102960 | AGAINST                     |  |
| Amazon.com, Inc.                     | 023135106 | 05/21/2025     | Advisory vote to approve executive compensation                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         109744 |                0 | AGAINST        |                                    86074 | AGAINST                     |  |
| Amcor plc                            |  | 11/07/2024     | To approve, by non-binding, advisory vote, the Company's executive compensation.                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         401974 |                0 | FOR            |                                   401974 | FOR                         |  |
| American Express Company             | 025816109 | 04/29/2025     | Approval, on an advisory basis, of the Company's executive compensation.                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          13581 |                0 | FOR            |                                    10671 | FOR                         |  |
| Amgen Inc.                           | 031162100 | 05/23/2025     | Advisory Vote To Approve Our Executive Compensation.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |           7740 |                0 | FOR            |                                     6104 | FOR                         |  |
| Aon plc                              | G0403H108 | 06/27/2025     | Advisory vote to approve the compensation of the Company's named executive officers.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          12187 |                0 | FOR            |                                     9540 | FOR                         |  |
| Apple Inc.                           | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          53963 |                0 | FOR            |                                    42440 | FOR                         |  |
| Arista Networks, Inc.                | 040413205 | 05/30/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          66999 |                0 | AGAINST        |                                    52305 | AGAINST                     |  |
| Automatic Data Processing, Inc.      | 053015103 | 11/06/2024     | Advisory Vote on Executive Compensation.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          21168 |                0 | FOR            |                                    16741 | FOR                         |  |
| Booking Holdings Inc.                | 09857L108 | 06/03/2025     | Advisory vote to approve 2024 executive compensation.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |           1513 |                0 | FOR            |                                     1190 | FOR                         |  |
| Broadcom Inc.                        | 11135F101 | 04/21/2025     | Advisory vote to approve the named executive officer compensation.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          43838 |                0 | AGAINST        |                                    34450 | AGAINST                     |  |
| Broadridge Financial Solutions, Inc. | 11133T103 | 11/14/2024     | Advisory vote to approve the compensation of the Company's Named Executive Officers (the Say on Pay Vote).                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          75281 |                0 | FOR            |                                    70290 | FOR                         |  |
| Caterpillar Inc.                     | 149123101 | 06/11/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          11868 |                0 | FOR            |                                     9259 | FOR                         |  |
| Cencora, Inc.                        | 03073E105 | 03/06/2025     | Advisory vote to approve the fiscal 2024 compensation of Cencora, Inc.'s named executive officers.                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         108189 |                0 | FOR            |                                   102227 | FOR                         |  |
| Cisco Systems, Inc.                  | 17275R102 | 12/09/2024     | Approval, on an advisory basis, of executive compensation.                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         160717 |                0 | AGAINST        |                                   126354 | AGAINST                     |  |
| Clean Harbors, Inc.                  | 184496107 | 05/21/2025     | To approve on a non-binding, advisory basis, the compensation of the Company's named executive officers as described in the Company s definitive proxy statement.                                           | SECTION 14A SAY-ON-PAY VOTES |         118067 |                0 | FOR            |                                   111434 | FOR                         |  |
| Core  Main, Inc.                     | 21874C102 | 06/24/2025     | Advisory vote to approve Core  Main's named executive officer compensation.                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         384152 |                0 | AGAINST        |                                   361855 | AGAINST                     |  |
| Costco Wholesale Corporation         | 22160K105 | 01/23/2025     | Approval, on an advisory basis, of executive compensation.                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |           2924 |                0 | FOR            |                                     2295 | FOR                         |  |
| Edwards Lifesciences Corporation     | 28176E108 | 05/08/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         130009 |                0 | FOR            |                                   120925 | FOR                         |  |
| Eli Lilly and Company                | 532457108 | 05/05/2025     | Approval, on an advisory basis, of the compensation paid to the company's named executive officers.                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           8407 |                0 | FOR            |                                     6584 | FOR                         |  |
| FactSet Research Systems Inc.        | 303075105 | 12/19/2024     | To vote on a non-binding advisory resolution to approve the compensation of our named executive officers.                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          30219 |                0 | FOR            |                                    28311 | FOR                         |  |
| Fiserv, Inc.                         | 337738108 | 05/14/2025     | To approve, on an advisory basis, the compensation of the named executive officers of Fiserv, Inc.                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          40151 |                0 | AGAINST        |                                    31847 | AGAINST                     |  |
| Gartner, Inc.                        | 366651107 | 05/29/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          22625 |                0 | FOR            |                                    21001 | FOR                         |  |
| Genpact Limited                      | G3922B107 | 05/22/2025     | Approve, on a non-binding, advisory basis, the compensation of our named executive officers.                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         309668 |                0 | AGAINST        |                                   293019 | AGAINST                     |  |
| HCA Healthcare, Inc.                 | 40412C101 | 04/24/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          15381 |                0 | FOR            |                                    12071 | FOR                         |  |
| Houlihan Lokey, Inc.                 | 441593100 | 09/18/2024     | To approve, on an advisory basis, the compensation of our named executive officers as disclosed in the accompany Proxy Statement.                                                                           | SECTION 14A SAY-ON-PAY VOTES |          98051 |                0 | AGAINST        |                                    91601 | AGAINST                     |  |
| Houlihan Lokey, Inc.                 | 441593100 | 09/18/2024     | To approve, on an advisory basis, the frequency (every one, two or three years) of future advisory votes to approve the compensation of our named executive officers.                                       | SECTION 14A SAY-ON-PAY VOTES |          98051 |                0 | TAKE NO ACTION |                                     6450 | NONE                        |  |
| IDEXX Laboratories, Inc.             | 45168D104 | 05/07/2025     | Advisory Vote on Executive Compensation. To approve a nonbinding advisory resolution on the Company's executive compensation (Proposal Three).                                                              | SECTION 14A SAY-ON-PAY VOTES |          36154 |                0 | FOR            |                                    33897 | FOR                         |  |
| Jack Henry  Associates, Inc.         | 426281101 | 11/12/2024     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          79584 |                0 | FOR            |                                    73740 | FOR                         |  |
| Johnson  Johnson                     | 478160104 | 04/24/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          44663 |                0 | FOR            |                                    34970 | FOR                         |  |
| Keysight Technologies, Inc.          | 49338L103 | 03/20/2025     | Approve, on a non-binding advisory basis, the compensation of Keysight's Named Executive Officers                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         144407 |                0 | FOR            |                                   136421 | FOR                         |  |
| Lululemon Athletica Inc.             | 550021109 | 06/11/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          49354 |                0 | AGAINST        |                                    46281 | AGAINST                     |  |
| Manhattan Associates, Inc.           | 562750109 | 05/13/2025     | Non-binding resolution to approve the compensation of the Company's named executive officers.                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          93283 |                0 | FOR            |                                    87895 | FOR                         |  |
| Marsh  McLennan Companies, Inc.      | 571748102 | 05/15/2025     | Advisory (Nonbinding) Vote to Approve Named Executive Officer Compensation                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          25115 |                0 | FOR            |                                    19782 | FOR                         |  |
| Mastercard Incorporated              | 57636Q104 | 06/24/2025     | Advisory approval of Mastercard's executive compensation                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          14879 |                0 | FOR            |                                    11650 | FOR                         |  |
| Meta Platforms, Inc.                 | 30303M102 | 05/28/2025     | To approve, on a non-binding advisory basis, the compensation program for Meta Platforms, Inc.'s named executive officers as disclosed in Meta Platforms, Inc.'s proxy statement.                           | SECTION 14A SAY-ON-PAY VOTES |          16318 |                0 | FOR            |                                    12766 | FOR                         |  |
| Meta Platforms, Inc.                 | 30303M102 | 05/28/2025     | To vote, on a non-binding advisory basis, whether a non-binding advisory vote on the compensation program for Meta Platforms, Inc.'s named executive officers should be held every one, two or three years. | SECTION 14A SAY-ON-PAY VOTES |          16318 |                0 | TAKE NO ACTION |                                     3552 | NONE                        |  |
| Mettler-Toledo International Inc.    | 592688105 | 05/01/2025     | Advisory vote to approve executive compensation                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          11484 |                0 | FOR            |                                    10791 | 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 |          72601 |                0 | FOR            |                                    57238 | FOR                         |  |
| Moody's Corporation                  | 615369105 | 04/15/2025     | Advisory resolution approving executive compensation.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |           5479 |                0 | AGAINST        |                                     4301 | AGAINST                     |  |
| MSCI Inc.                            | 55354G100 | 04/22/2025     | To approve, by advisory vote, our executive compensation.                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          25081 |                0 | FOR            |                                    23865 | FOR                         |  |
| Netflix, Inc.                        | 64110L106 | 06/05/2025     | Advisory approval of named executive officer compensation.                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |           4635 |                0 | FOR            |                                     3611 | FOR                         |  |
| NIKE, Inc.                           | 654106103 | 09/10/2024     | To approve executive compensation by an advisory vote.                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         104731 |                0 | FOR            |                                    83080 | FOR                         |  |
| NVIDIA Corporation                   | 67066G104 | 06/25/2025     | Advisory approval of our executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         244033 |                0 | FOR            |                                   190780 | FOR                         |  |
| Oracle Corporation                   | 68389X105 | 11/14/2024     | Advisory Vote to Approve the Compensation of our Named Executive Officers.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          37530 |                0 | AGAINST        |                                    29640 | AGAINST                     |  |
| Paylocity Holding Corporation        | 70438V106 | 12/05/2024     | Advisory vote to approve the compensation of named executive officers.                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         129500 |                0 | AGAINST        |                                   120914 | AGAINST                     |  |
| PepsiCo, Inc.                        | 713448108 | 05/07/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          68316 |                0 | FOR            |                                    53856 | FOR                         |  |
| Pool Corporation                     | 73278L105 | 04/30/2025     | Say-on-pay vote: Advisory vote to approve the compensation of our named executive officers as disclosed in the proxy statement.                                                                             | SECTION 14A SAY-ON-PAY VOTES |          56477 |                0 | AGAINST        |                                    53799 | AGAINST                     |  |
| PPG Industries, Inc.                 | 693506107 | 04/17/2025     | Approve the compensation of the Company's named executive officers on an advisory basis.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         186859 |                0 | FOR            |                                   176890 | FOR                         |  |
| QUALCOMM Incorporated                | 747525103 | 03/18/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          56900 |                0 | FOR            |                                    44894 | FOR                         |  |
| ResMed Inc.                          |  | 11/20/2024     | Approve, on an advisory basis, the compensation paid to our named executive officers, as disclosed in the proxy statement ("say-on-pay").                                                                   | SECTION 14A SAY-ON-PAY VOTES |         254050 |                0 | AGAINST        |                                   254050 | AGAINST                     |  |
| Rockwell Automation, Inc.            | 773903109 | 02/04/2025     | To approve, on an advisory basis, the compensation of the Corporation's named executive officers.                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          67162 |                0 | FOR            |                                    62569 | FOR                         |  |
| S Global Inc.                        | 78409V104 | 05/07/2025     | Approve, on an advisory basis, the executive compensation program for the Company's named executive officers, as described in the Proxy Statement.                                                          | SECTION 14A SAY-ON-PAY VOTES |           9399 |                0 | FOR            |                                     7462 | FOR                         |  |
| Service Corporation International    | 817565104 | 05/06/2025     | To approve, by advisory vote, named executive officer compensation.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         325846 |                0 | AGAINST        |                                   307851 | AGAINST                     |  |
| Synopsys, Inc.                       | 871607107 | 04/10/2025     | To approve, on an advisory basis, the compensation of our named executive officers, as disclosed in the attached Proxy Statement.                                                                           | SECTION 14A SAY-ON-PAY VOTES |           7743 |                0 | AGAINST        |                                     6068 | AGAINST                     |  |
| The Coca-Cola Company                | 191216100 | 04/30/2025     | Advisory vote to approve executive compensation                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          91702 |                0 | FOR            |                                    71871 | FOR                         |  |
| The Estee Lauder Companies Inc.      | 518439104 | 11/08/2024     | Advisory vote to approve executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         117260 |                0 | AGAINST        |                                   107325 | AGAINST                     |  |
| The Home Depot, Inc.                 | 437076102 | 05/22/2025     | Advisory Vote to Approve Executive Compensation ( Say-on-Pay )                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          12173 |                0 | AGAINST        |                                     9540 | AGAINST                     |  |
| The Toro Company                     | 891092108 | 03/18/2025     | Approval of, on an advisory basis, our executive compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         273096 |                0 | AGAINST        |                                   259899 | AGAINST                     |  |
| Thermo Fisher Scientific Inc.        | 883556102 | 05/21/2025     | An advisory vote to approve named executive officer compensation.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |           7391 |                0 | AGAINST        |                                     5812 | AGAINST                     |  |
| Tractor Supply Company               | 892356106 | 05/15/2025     | To approve, on a non-binding, advisory basis, the compensation of the named executive officers of the Company (Say on Pay).                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         420754 |                0 | FOR            |                                   396117 | FOR                         |  |
| Uber Technologies, Inc.              | 90353T100 | 05/05/2025     | Advisory vote to approve 2024 named executive officer compensation.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          88487 |                0 | FOR            |                                    69519 | FOR                         |  |
| UnitedHealth Group Incorporated      | 91324P102 | 06/02/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          18493 |                0 | FOR            |                                    14498 | FOR                         |  |
| Verra Mobility Corporation           | 92511U102 | 05/20/2025     | Approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         820218 |                0 | AGAINST        |                                   772425 | AGAINST                     |  |
| Visa Inc.                            | 92826C839 | 01/28/2025     | To approve, on an advisory basis, the compensation paid to our named executive officers.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          29280 |                0 | FOR            |                                    23111 | FOR                         |  |
| YETI Holdings, Inc.                  | 98585X104 | 05/01/2025     | Approval, on an advisory basis, of the compensation paid to our named executive officers.                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         463831 |                0 | FOR            |                                   437264 | FOR                         |  |
| Zebra Technologies Corporation       | 989207105 | 05/08/2025     | Advisory vote to approve Named Executive Officers' compensation ("Say-on-Pay").                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          55063 |                0 | AGAINST        |                                    51784 | AGAINST                     |  |
| Zoetis Inc.                          | 98978V103 | 05/21/2025     | Advisory vote to approve our executive compensation.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          32273 |                0 | FOR            |                                    25330 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Bell Asset Management Ltd

**By (Signature):** Tim Kelly

**By (Printed Signature):** Tim Kelly

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

**Date:** 08/13/2025