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Form N-PX · fund family72 filers grouped

Franklin Templeton

Fund registrants and adviser entities grouped under Franklin Templeton by this site's alias table

Vote records reported
528,278year to 30 June 2026
Against management
10.1%52,077 of 514,274 marked votes
Say-on-pay support
90.4%for, of for + against + abstain
Shareholder-proposal support
43.4%for, of for + against + abstain
87.8% for10.3% against1.9% other10.1% against management519,271 votes

foragainstabstain, withhold or otheramber tick: the portion cast against management

Franklin Templeton reported 528,278 vote records for the year to 30 June 2026. It marked 10.1% of its votes as cast against management (52,077 of 514,274), 2.3 percentage points above the median of the fund families tracked here, which was 7.8%.

Weighted by the number of shares voted, the against-management share is 8.0%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.

On pay and on shareholder proposals: it voted for 90.4% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.2%) and it voted for 43.4% of the proposals put forward by security holders (the median of the fund families tracked here: 30.7%).

By category, votes against management were most frequent in EXTRAORDINARY TRANSACTIONS (36.1% of 8,198), SHAREHOLDER RIGHTS AND DEFENSES (31.3% of 1,302) and CORPORATE GOVERNANCE (17.5% of 98,607).

It reported 441.7 million shares out on loan at record dates, 0.26% of the shares it held or had lent across the meetings it reported. Shares on loan are not voted.

Compared with other filers

Each rate is defined once, in the methodology. The median is taken over 60 families with at least 25 vote records in the season.

year to 30 June 2026This familyMedian familyAll filers pooled
Against-management share10.1%7.8%10.6%
Say-on-pay support rate90.4%88.2%86.0%
Shareholder-proposal support rate43.4%30.7%33.9%
Shares on loan, share of shares held0.26%1.53%3.12%
Largest families, year to 30 June 2026Against managementSay-on-pay supportShareholder-proposal support
Vanguard20.1%94.1%42.0%
BlackRock and iShares7.5%88.3%11.9%
Fidelity6.0%94.7%27.6%
Dimensional16.4%78.9%57.4%
State Street and SPDR16.9%77.1%50.4%

Votes by category

Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS248,806230,15211,6826.8%
SECTION 14A SAY-ON-PAY VOTES27,58623,2012,2339.4%
AUDIT-RELATED33,53532,4071,0803.0%
INVESTMENT COMPANY MATTERS1351161814.1%
SHAREHOLDER RIGHTS AND DEFENSES1,4411,07424931.3%
EXTRAORDINARY TRANSACTIONS8,2015,2292,96936.1%
CAPITAL STRUCTURE60,06755,0634,9958.6%
COMPENSATION45,54238,0746,97715.5%
CORPORATE GOVERNANCE100,34281,25418,52717.5%
ENVIRONMENT OR CLIMATE3,7858632,9222.5%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE1,7286971,0314.8%
DIVERSITY, EQUITY, AND INCLUSION2,0136251,3880.3%
OTHER SOCIAL ISSUES5,6031,9513,6524.4%
OTHER4,8534,3225304.1%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 2024390,8059.8%90.5%47.1%
year to 30 June 2025376,4767.7%90.5%40.6%
year to 30 June 2026528,27810.1%90.4%43.4%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, Franklin Templeton voted against management on 260 of the 2,332 it marked either way (11.1%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

A further 2 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.

Shareholder proposals it supported

Of 1,224 proposals from security holders that could be told apart in the filings and on which it cast a vote, Franklin Templeton voted for 514 (42.0%). The 40 at the companies with the most reporting filers are listed. Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
NVIDIA Corporation24 Jun 2026Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting...
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
Johnson & Johnson23 Apr 2026Independent Board Chair
Mastercard Incorporated16 Jun 2026Consideration of a stockholder proposal regarding shareholder right to act by written consent
Eli Lilly and Company4 May 2026Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair.
AbbVie Inc.8 May 2026Stockholder Proposal - to Adopt a Policy to Require an Independent Chair
Netflix, Inc.4 Jun 2026Stockholder proposal entitled, "Proposal 4 - Shareholder Right to Act by Written Consent,"
Tesla, Inc.6 Nov 2025A shareholder proposal to seek shareholder approval before adopting an amendment to the bylaws pursuant to...
Tesla, Inc.6 Nov 2025Declassify the Board of Directors
Tesla, Inc.6 Nov 2025Shareholder proposal: CORPORATE GOVERNANCE
Salesforce, Inc.28 May 2026Advisory vote to ratify named executive officers' compensation
McDonald's Corporation20 May 2026Advisory Vote to Adopt Policy for an Independent Chair.
McDonald's Corporation20 May 2026Advisory Vote on Shareholders' Right to Act by Written Consent.
International Business Machines Corporation28 Apr 2026Stockholder Proposal Requesting a Right to Act by Written Consent
Pfizer Inc.23 Apr 2026Adopt an Independent Chair Policy
Wells Fargo & Company28 Apr 2026Require Independent Board Chair
Wells Fargo & Company28 Apr 2026Shareholder Proposal - Govern by Majority Vote.
ServiceNow, Inc.21 May 2026Shareholder proposal regarding shareholder right to act by written consent.
Texas Instruments Incorporated16 Apr 2026Stockholder proposal to permit stockholders to act by written consent.
Morgan Stanley14 May 2026Shareholder proposal requesting an independent Board Chairman
Lowe's Companies, Inc.29 May 2026Shareholder Proposal requesting an independent board chairman.
PALANTIR TECHNOLOGIES INC.3 Jun 2026Stockholder proposal entitled "Political Spending Disclosure,"
S&P Global Inc.20 May 2026Vote on a shareholder proposal to reduce the stock ownership threshold for calling a special shareholder...
Deere & Company25 Feb 2026Shareholder proposal on shareholder right to act by written consent
Starbucks Corporation25 Mar 2026Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority...
THE BOEING COMPANY17 Apr 2026Action by Written Consent.
LOCKHEED MARTIN CORPORATION12 May 2026Stockholder Proposal Requiring Independent Board Chairman
Micron Technology, Inc.15 Jan 2026Reduce Ownership Threshold for Shareholders to Call Special Meeting
Palo Alto Networks, Inc.9 Dec 2025To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding...
Lam Research Corporation4 Nov 2025Stockholder proposal titled "Realistic Shareholder Ability to Call for a Special Shareholder Meeting,"
Analog Devices, Inc.11 Mar 2026To consider a shareholder proposal
CVS Health Corporation14 May 2026Stockholder Proposal for Reducing the Threshold for Our Stockholder Right to Act By Written Consent.
Mondelez International, Inc.20 May 2026Shareholder proposal requesting adoption of an independent board chairman policy
Booking Holdings Inc.2 Jun 2026Non-binding stockholder vote on a proposal to avoid brand damage due to corporate political spending.
Colgate-Palmolive Company8 May 2026Stockholder proposal entitled "Independent Board Chairman."
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding annual vote regarding executive pay.
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding disclosure of voting results by share class.
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding dual class capital structure.
United Parcel Service, Inc.7 May 2026To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share.
Intercontinental Exchange, Inc.15 May 2026A stockholder proposal regarding independent board chairman

Shares on loan

Franklin Templeton reported 441.7 million shares on loan at record dates against 169.97 billion shares voted: 0.26% of the two together. Median family: 1.53%. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.

Filers grouped under this family

Grouping is by registrant and manager name, from a hand-maintained table. See the methodology.

FilerTypeVote records, year to 30 June 2026
Franklin Templeton ETF Trustfund registrant292,542
PUTNAM ASSET ALLOCATION FUNDSfund registrant42,416
PUTNAM VARIABLE TRUSTfund registrant23,812
LEGG MASON PARTNERS INVESTMENT TRUSTfund registrant19,445
FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUSTfund registrant18,794
PUTNAM FUNDS TRUSTfund registrant16,315
Legg Mason Global Asset Management Trustfund registrant12,786
FRANKLIN FUND ALLOCATOR SERIESfund registrant11,465
ROYCE FUNDfund registrant9,442
Legg Mason ETF Investment Trustfund registrant8,172
Putnam ETF Trustfund registrant7,661
PUTNAM INVESTMENT FUNDSfund registrant5,391
LEGG MASON PARTNERS VARIABLE EQUITY TRUSTfund registrant5,335
FRANKLIN STRATEGIC SERIESfund registrant4,655
FRANKLIN MUTUAL SERIES FUNDSfund registrant4,331
ROYCE SMALL-CAP TRUST, INC.fund registrant4,270
Franklin Custodian Fundsfund registrant3,469
FRANKLIN VALUE INVESTORS TRUSTfund registrant2,684
TEMPLETON GLOBAL INVESTMENT TRUSTfund registrant2,427
FRANKLIN ADVISERS INCinstitutional manager2,143
ROYCE CAPITAL FUNDfund registrant2,108
Franklin Gold & Precious Metals Fundfund registrant1,810
TEMPLETON INSTITUTIONAL FUNDSfund registrant1,797
Franklin Investors Securities Trustfund registrant1,783
ROYCE MICRO-CAP TRUST, INC.fund registrant1,458
TEMPLETON FUNDSfund registrant1,370
FRANKLIN ADVISORY SERVICES LLCinstitutional manager1,305
ROYCE GLOBAL TRUST, INC.fund registrant1,244
Franklin Alternative Strategies Fundsfund registrant1,129
PUTNAM ADVISORY CO LLCinstitutional manager1,123
TEMPLETON EMERGING MARKETS EQUITY FUNDfund registrant1,089
PUTNAM LARGE CAP VALUE FUNDfund registrant1,057
TEMPLETON EMERGING MARKETS FUNDfund registrant1,056
PUTNAM INVESTMENT MANAGEMENT LLCinstitutional manager993
TEMPLETON GROWTH FUND INCfund registrant934
PUTNAM INTERNATIONAL EQUITY FUNDfund registrant924
TEMPLETON DRAGON FUND INCfund registrant898
Clearbridge Investments, LLCinstitutional manager869
PUTNAM SUSTAINABLE LEADERS FUNDfund registrant861
TEMPLETON GLOBAL SMALLER COMPANIES FUNDfund registrant849
FRANKLIN MANAGED TRUSTfund registrant811
Brandywine Global Investment Management, LLCinstitutional manager739
ROYCE & ASSOCIATES LPinstitutional manager686
Franklin Global Trustfund registrant587
PUTNAM FOCUSED INTERNATIONAL EQUITY FUNDfund registrant542
PUTNAM GLOBAL HEALTH CARE FUNDfund registrant500
FRANKLIN REAL ESTATE SECURITIES TRUSTfund registrant452
Franklin Templeton Institutional, LLCinstitutional manager271
Franklin Templeton International Services S.a r.linstitutional manager233
FRANKLIN UNIVERSAL TRUSTfund registrant216
FRANKLIN MUTUAL ADVISERS LLCinstitutional manager177
ClearBridge Energy Midstream Opportunity Fund Inc.fund registrant115
TEMPLETON GLOBAL ADVISORS LTDinstitutional manager104
FRANKLIN TEMPLETON INVESTMENT MANAGEMENT LTDinstitutional manager103
ClearBridge Investments Ltdinstitutional manager86
TEMPLETON INVESTMENT COUNSEL LLCinstitutional manager73
Franklin Templeton Financial Coinstitutional manager69
Franklin High Income Trustfund registrant67
FRANKLIN LTD DURATION INCOME TRUSTfund registrant50
PUTNAM CONVERTIBLE SECURITIES FUNDfund registrant41
TEMPLETON ASSET MANAGEMENT LTDinstitutional manager40
FRANKLIN TEMPLETON INVESTMENTS ASIA LTDinstitutional manager37
Franklin Templeton Australia Ltdinstitutional manager23
PUTNAM HIGH YIELD FUNDfund registrant13
TEMPLETON EMERGING MARKETS INCOME FUNDfund registrant10
FRANKLIN TEMPLETON ASSET MANAGEMENT (INDIA) PRIVATE Ltdinstitutional manager7
CLEARBRIDGE INVESTMENT MANAGEMENT LTDinstitutional manager3
FRANKLIN MASTER INTERMEDIATE INCOME TRUSTfund registrant3
FRANKLIN PREMIER INCOME TRUSTfund registrant3
PUTNAM DIVERSIFIED INCOME TRUSTfund registrant3
FRANKLIN TAX FREE TRUSTfund registrant1
FRANKLIN TEMPLETON INVESTMENTS CORPinstitutional manager1
ClearBridge MLP & Midstream Fund Inc.fund registrant0
ClearBridge MLP & Midstream Total Return Fund Inc.fund registrant0
Franklin Federal Tax Free Income Fundfund registrant0
Franklin Floating Rate Master Trustfund registrant0
FRANKLIN MUNICIPAL SECURITIES TRUSTfund registrant0
Legg Mason ETF Investment Trust IIfund registrant0
LEGG MASON PARTNERS INCOME TRUSTfund registrant0
LEGG MASON PARTNERS VARIABLE INCOME TRUSTfund registrant0

The 80 filers with the most vote records are shown, of 91.

Questions

How did Franklin Templeton vote on executive pay?

In the year to 30 June 2026 Franklin Templeton reported 25,667 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 23,201 were for (90.4%), 2,233 against and 233 abstentions. Counting one item per company meeting, it voted against management on 260 of the 2,332 say-on-pay items it marked either way. A further 2 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does Franklin Templeton vote against management?

10.1% of the time in the year to 30 June 2026: 52,077 of the 514,274 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.

Did Franklin Templeton support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 3,015 votes on proposals from security holders in the year to 30 June 2026 and voted for 93 of them (3.1%). Across every category it voted for 43.4% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.

Is this the result of the meetings?

No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.

Where does the data come from?

From the Form N-PX filings of the registrants and managers grouped under this family on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings of the filers listed above, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.