# EDGAR Filing Document

**Accession Number:** 0001601407
**File Stem:** 0001601407-25-000005
**Filing Date:** 2025-8
**Character Count:** 12591
**Document Hash:** 8865269ffe419c04889573843230d7ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001601407-25-000005.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001601407-25-000005

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**EFFECTIVENESS DATE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Troy Asset Management Ltd
- **CENTRAL INDEX KEY:** 0001601407

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 0415

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16709
- **FILM NUMBER:** 251278180

**BUSINESS ADDRESS:**
- **STREET 1:** 33 DAVIES STREET
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** W1K 4BP
- **BUSINESS PHONE:** 00442074994030

**MAIL ADDRESS:**
- **STREET 1:** 33 DAVIES STREET
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** W1K 4BP

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

## N-PX: Filer Information

**Filer CIK:** 0001601407

**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?:** [x]

## N-PX: Cover Page

**Name of reporting person:** Troy Asset Management Ltd

**Address:** 33 DAVIES STREET, LONDON, X0 W1K 4BP

**Telephone number:** 00442070143249

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-16709

**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     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          64974 |                0 | FOR         |                                    64974 | FOR                         |  |
| Adobe Inc.                          | 00724F101 | 04/22/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         323612 |                0 | AGAINST     |                                   323612 | AGAINST                     |  |
| Agilent Technologies, Inc.          | 00846U101 | 03/13/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         973183 |                0 | FOR         |                                   973183 | FOR                         |  |
| Alcon Inc.                          | H01301128 | 05/06/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         424239 |                0 | FOR         |                                   424239 | FOR                         |  |
| American Express Company            | 025816109 | 04/29/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         459207 |                0 | AGAINST     |                                   459207 | AGAINST                     |  |
| Automatic Data Processing, Inc.     | 053015103 | 11/06/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         239597 |                0 | FOR         |                                   239597 | FOR                         |  |
| Booking Holdings Inc.               | 09857L108 | 06/03/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |           7436 |                0 | FOR         |                                     7436 | FOR                         |  |
| Canadian National Railway Company   | 136375102 | 05/02/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |        1392532 |                0 | FOR         |                                  1392532 | FOR                         |  |
| Chubb Limited                       | H1467J104 | 05/15/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         419555 |                0 | FOR         |                                   419555 | FOR                         |  |
| Cisco Systems, Inc.                 | 17275R102 | 12/09/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         777165 |                0 | FOR         |                                   777165 | FOR                         |  |
| CME Group Inc.                      | 12572Q105 | 05/08/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         403858 |                0 | FOR         |                                   403858 | FOR                         |  |
| Fiserv, Inc.                        | 337738108 | 05/14/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         201901 |                0 | FOR         |                                   201901 | FOR                         |  |
| Intuit Inc.                         | 461202103 | 01/23/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          43188 |                0 | FOR         |                                    43188 | FOR                         |  |
| Kenvue Inc.                         | 49177J102 | 05/22/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         985243 |                0 | FOR         |                                   985243 | FOR                         |  |
| Mastercard Incorporated             | 57636Q104 | 06/24/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         122338 |                0 | FOR         |                                   122338 | FOR                         |  |
| McDonald's Corporation              | 580135101 | 05/20/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          95089 |                0 | FOR         |                                    95089 | FOR                         |  |
| Medtronic Plc                       | G5960L103 | 10/17/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |        1020479 |                0 | FOR         |                                  1020479 | FOR                         |  |
| Meta Platforms, Inc.                | 30303M102 | 05/28/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          94014 |                0 | AGAINST     |                                    94014 | AGAINST                     |  |
| Meta Platforms, Inc.                | 30303M102 | 05/28/2025     | Advisory Vote on Say on Pay Frequency                          | SECTION 14A SAY-ON-PAY VOTES |          94014 |                0 | ONE YEAR    |                                    94014 | AGAINST                     |  |
| Microsoft Corporation               | 594918104 | 12/10/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         897803 |                0 | FOR         |                                   897803 | FOR                         |  |
| Moody's Corporation                 | 615369105 | 04/15/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         132299 |                0 | FOR         |                                   132299 | FOR                         |  |
| Paychex, Inc.                       | 704326107 | 10/10/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         991682 |                0 | FOR         |                                   991682 | FOR                         |  |
| PayPal Holdings, Inc.               | 70450Y103 | 06/05/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         236585 |                0 | FOR         |                                   236585 | FOR                         |  |
| PepsiCo, Inc.                       | 713448108 | 05/07/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         286464 |                0 | FOR         |                                   286464 | FOR                         |  |
| Philip Morris International Inc.    | 718172109 | 05/07/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         439020 |                0 | FOR         |                                   439020 | FOR                         |  |
| S Global Inc.                       | 78409V104 | 05/07/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          25634 |                0 | FOR         |                                    25634 | FOR                         |  |
| Take-Two Interactive Software, Inc. | 874054109 | 09/18/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          94718 |                0 | FOR         |                                    94718 | FOR                         |  |
| Texas Instruments Incorporated      | 882508104 | 04/17/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         130391 |                0 | FOR         |                                   130391 | FOR                         |  |
| The Hershey Company                 | 427866108 | 05/06/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          72943 |                0 | FOR         |                                    72943 | FOR                         |  |
| The Procter  Gamble Company         | 742718109 | 10/08/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |        1165114 |                0 | ABSTAIN     |                                   228593 | AGAINST                     |  |
| The Procter  Gamble Company         | 742718109 | 10/08/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |        1165114 |                0 | FOR         |                                   936521 | FOR                         |  |
| VeriSign, Inc.                      | 92343E102 | 05/22/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         914489 |                0 | FOR         |                                   914489 | FOR                         |  |
| Visa Inc.                           | 92826C839 | 01/28/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |        1589990 |                0 | FOR         |                                  1589990 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Troy Asset Management Ltd

**By (Signature):** RAJU SONI

**By (Printed Signature):** RAJU SONI

**By (Title):** HEAD OF COMPLIANCE

**Date:** 08/29/2025