State Street Global Advisors won praise in March 2017, when it unveiled a bronze sculpture on Wall Street called Fearless Girl, whose defiant pose was meant to represent the fight for gender equity in the American workplace.

But according to a study released Monday by investment research firm Morningstar, State Street’s gender diversity fund has voted for only 20% of shareholder resolutions put before it addressing gender and diversity, a record that “seems at odds with the investment objective stated in the fund’s prospectus,” according to Madison Sargis, associate director of quantitative research at Morningstar.