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Form N-PX · fund registrantSEC filer no. 81259

GEORGE PUTNAM BALANCED FUND

fund voting report

Vote records reported
3,156year to 30 June 2026
Against management
7.8%232 of 2,960 marked votes
Say-on-pay support
91.4%for, of for + against + abstain
Shareholder-proposal support
16.3%for, of for + against + abstain
87.6% for9.4% against3.0% other7.8% against management2,966 votes

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

For the year to 30 June 2026, GEORGE PUTNAM BALANCED FUND reported 3,156 vote records on Form N-PX. 232 of the 2,960 votes that were marked for or against management went against management: 7.8%, 1.6 percentage points above the median fund registrant (6.2%).

Weighted by the number of shares voted, the against-management share is 3.2%. 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 91.4% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 16.3% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in SHAREHOLDER RIGHTS AND DEFENSES (25.0% of 24), CORPORATE GOVERNANCE (23.6% of 178) and SECTION 14A SAY-ON-PAY VOTES (9.1% of 208).

It reported 156,948 shares out on loan at record dates, 0.05% 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 1,241 fund registrants with at least 25 vote records in the season.

year to 30 June 2026This filerMedian fund registrantAll filers pooled
Against-management share7.8%6.2%10.6%
Say-on-pay support rate91.4%91.6%86.0%
Shareholder-proposal support rate16.3%27.5%33.9%
Shares on loan, share of shares held0.05%0.00%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%

Of the 3,156 vote records in this filing, 190 carry something the form does not expect: a missing vote source or category, a record with no vote line, a meeting date that cannot be read, or a security identifier this site could not use. They are counted as filed. What is checked

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 ELECTIONS1,9821,824888.0%
SECTION 14A SAY-ON-PAY VOTES208180149.1%
AUDIT-RELATED23823401.7%
SHAREHOLDER RIGHTS AND DEFENSES2418625.0%
EXTRAORDINARY TRANSACTIONS98111.1%
CAPITAL STRUCTURE11811258.5%
COMPENSATION121108139.1%
CORPORATE GOVERNANCE1831085723.6%
ENVIRONMENT OR CLIMATE441432.3%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE190190.0%
DIVERSITY, EQUITY, AND INCLUSION270270.0%
OTHER SOCIAL ISSUES735681.4%
OTHER151237.1%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20242,1388.4%97.3%12.5%
year to 30 June 20252,0196.5%91.4%11.1%
year to 30 June 20263,1567.8%91.4%16.3%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, GEORGE PUTNAM BALANCED FUND voted against management on 14 of the 180 it marked either way (7.8%) in the year to 30 June 2026.

A further 8 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 167 proposals from security holders that could be told apart in the filings and on which it cast a vote, GEORGE PUTNAM BALANCED FUND voted for 22 (13.2%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
AbbVie Inc.8 May 2026Stockholder Proposal - to Adopt a Policy to Require an Independent Chair
Tesla, Inc.6 Nov 2025Declassify the Board of Directors
Tesla, Inc.6 Nov 2025Shareholder proposal: CORPORATE GOVERNANCE
Starbucks Corporation25 Mar 2026Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority...
THE BOEING COMPANY17 Apr 2026Action by Written Consent.
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.
FedEx Corporation29 Sep 2025Stockholder proposal regarding independent board chairman.
Marvell Technology, Inc.25 Jun 2026To consider and act on one stockholder proposal, entitled "Independent Board Chairman"
Snowflake Inc.29 Jun 2026To consider and vote on, if properly presented at the meeting, a non-binding stockholder proposal...
Airbnb, Inc.5 Jun 2026Dual-class sunset; and
Keysight Technologies, Inc.19 Mar 2026Consider, on a non-binding advisory basis, a Stockholder Proposal: Shareholder Ability to Call for a...
Edison International23 Apr 2026Shareholder Proposal Regarding Retention of Equity
FirstEnergy Corp.20 May 2026Independent Board Chairman
Albemarle Corporation5 May 2026Shareholder Proposal regarding shareholders ability to call for a special shareholder meeting.
Carvana Co.5 May 2026To vote upon one stockholder proposal, as described in the Proxy Statement.
The AES Corporation29 Apr 2026If properly presented, to vote on a non-binding stockholder proposal regarding stockholder ability to call...
American Airlines Group Inc.10 Jun 2026Advisory vote on stockholder proposal for stockholder right to act by written consent
Bio-Rad Laboratories, Inc.21 Apr 2026Stockholder proposal regarding dual class capital structure.
Exxon Mobil Corporation27 May 2026Proposal requesting Company to modify its Voluntary Retail Voting Program to provide multiple options not...

Shares on loan

GEORGE PUTNAM BALANCED FUND reported 156,948 shares on loan at record dates against 300.0 million shares voted: 0.05% of the two together. Median fund registrant: 0.00%. 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.

Fund series in this filing

2 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.

SeriesVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
George Putnam Balanced Fund2,0276.5%93.5%8.9%
S0000420231,12910.6%87.7%57.7%

The filings

These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.

Questions

How did GEORGE PUTNAM BALANCED FUND vote on executive pay?

In the year to 30 June 2026 GEORGE PUTNAM BALANCED FUND reported 197 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 180 were for (91.4%), 14 against and 3 abstentions. Counting one item per company meeting, it voted against management on 14 of the 180 say-on-pay items it marked either way. A further 8 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does GEORGE PUTNAM BALANCED FUND vote against management?

7.8% of the time in the year to 30 June 2026: 232 of the 2,960 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 GEORGE PUTNAM BALANCED FUND support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 44 votes on proposals from security holders in the year to 30 June 2026 and voted for 1 of them (2.3%). Across every category it voted for 16.3% 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 this filer 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 by GEORGE PUTNAM BALANCED FUND (filer no. 81259), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 23 Sep 2026; page built 26 Sep 2026.