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TEMPLETON CHINA WORLD FUND
fund voting report, part of Franklin Templeton
- Vote records reported
- 608year to 30 June 2024
- Against management
- 13.5%82 of 608 marked votes
- Say-on-pay support
- not reportedfor, of for + against + abstain
- Shareholder-proposal support
- 100.0%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
TEMPLETON CHINA WORLD FUND reported 608 vote records for the year to 30 June 2024. It marked 13.5% of its votes as cast against management (82 of 608), 6.8 percentage points above the median fund registrant, which was 6.7%.
Weighted by the number of shares voted, the against-management share is 14.4%. 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 100.0% of the proposals put forward by security holders (the median fund registrant: 28.8%).
By category, votes against management were most frequent in CAPITAL STRUCTURE (17.5% of 171), COMPENSATION (16.7% of 66) and CORPORATE GOVERNANCE (14.8% of 230).
It reported 3.3 million shares out on loan at record dates, 1.27% 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 1,284 fund registrants with at least 25 vote records in the season.
| year to 30 June 2024 | This filer | Median fund registrant | All filers pooled |
|---|---|---|---|
| Against-management share | 13.5% | 6.7% | 10.2% |
| Say-on-pay support rate | not reported | 91.2% | 84.6% |
| Shareholder-proposal support rate | 100.0% | 28.8% | 37.0% |
| Shares on loan, share of shares held | 1.27% | 0.00% | 0.08% |
| Largest families, year to 30 June 2026 | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|
| Vanguard | 20.1% | 94.1% | 42.0% |
| BlackRock and iShares | 7.5% | 88.3% | 11.9% |
| Fidelity | 6.0% | 94.7% | 27.6% |
| Dimensional | 16.4% | 78.9% | 57.4% |
| State Street and SPDR | 16.9% | 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) | Votes | For | Against | Against management | Split |
|---|---|---|---|---|---|
| DIRECTOR ELECTIONS | 114 | 111 | 3 | 2.6% | |
| SECTION 14A SAY-ON-PAY VOTES | 1 | 1 | 0 | 0.0% | |
| AUDIT-RELATED | 45 | 45 | 0 | 0.0% | |
| EXTRAORDINARY TRANSACTIONS | 10 | 6 | 4 | 40.0% | |
| CAPITAL STRUCTURE | 171 | 141 | 30 | 17.5% | |
| COMPENSATION | 66 | 55 | 11 | 16.7% | |
| CORPORATE GOVERNANCE | 230 | 196 | 34 | 14.8% | |
| OTHER | 12 | 10 | 2 | 16.7% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 608 | 13.5% | not reported | 100.0% |
Only one season is on file for this entry so far. The structured Form N-PX began with the year to 30 June 2024.
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, TEMPLETON CHINA WORLD FUND voted against management on 0 of the 1 it marked either way (0.0%) in the year to 30 June 2024.
Shareholder proposals it supported
Of 16 proposals from security holders that could be told apart in the filings and on which it cast a vote, TEMPLETON CHINA WORLD FUND voted for 16 (100.0%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.
| Company | Meeting | Proposal |
|---|---|---|
| BYD Company Limited | 19 Sep 2023 | Please note that per the agenda published by the issuer, against and abstain votes for resolutions 1.1... |
| BYD Company Limited | 19 Apr 2024 | Approve Amount and Source of Capital for the Repurchase |
| BYD Company Limited | 19 Apr 2024 | Approve Class, Quantity and Percentage to the Total Share Capital for the Proposed Share Repurchase |
| BYD Company Limited | 19 Apr 2024 | Approve Fulfillment of Relevant Conditions for the Share Repurchase |
| BYD Company Limited | 19 Apr 2024 | Shareholder proposal: CAPITAL STRUCTURE |
| BYD Company Limited | 19 Apr 2024 | Approve Method and Purpose of the Share Repurchase |
| BYD Company Limited | 19 Apr 2024 | Approve Period of the Share Repurchase |
| BYD Company Limited | 19 Apr 2024 | Approve Price or Price Range and Pricing Principles for the Share Repurchase |
| BYD Company Limited | 19 Apr 2024 | Approve Purpose of the Share Repurchase |
| BYD Company Limited | 19 Apr 2024 | Approve Validity Period of the Resolution Regarding the Share Repurchase |
| PetroChina Company Limited | 5 Jun 2024 | Shareholder proposal: AUDIT-RELATED |
| Wuliangye Yibin Co., Ltd. | 28 Jun 2024 | Please note that per the agenda published by the issuer, against and abstain votes for resolutions 14.1... |
| China Yangtze Power Co., Ltd. | 16 Jan 2024 | Shareholder proposal: AUDIT-RELATED |
| Fuyao Glass Industry Group Co., Ltd. | 16 Jan 2024 | Shareholder proposal: AUDIT-RELATED |
| Fuyao Glass Industry Group Co., Ltd. | 16 Jan 2024 | Shareholder proposal: AUDIT-RELATED |
| Guangzhou Tinci Materials Technology Co., Ltd. | 16 Apr 2024 | Shareholder proposal: AUDIT-RELATED |
Shares on loan
TEMPLETON CHINA WORLD FUND reported 3.3 million shares on loan at record dates against 252.2 million shares voted: 1.27% 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
1 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.
| Series | Vote records | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|---|
| Templeton China World Fund | 608 | 13.5% | not reported | 100.0% |
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.
- N-PX filed 23 Aug 2024 accession 0001021408-24-003717
- Every N-PX filing by this filer on EDGAR
Questions
How did TEMPLETON CHINA WORLD FUND vote on executive pay?
In the year to 30 June 2024 TEMPLETON CHINA WORLD FUND reported 1 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 1 were for (100.0%), 0 against and 0 abstentions. Counting one item per company meeting, it voted against management on 0 of the 1 say-on-pay items it marked either way.
How often does TEMPLETON CHINA WORLD FUND vote against management?
13.5% of the time in the year to 30 June 2024: 82 of the 608 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 TEMPLETON CHINA WORLD FUND support shareholder proposals on climate?
It reported no votes on security-holder proposals in the category ENVIRONMENT OR CLIMATE for the year to 30 June 2024. Across every category it voted for 100.0% of security-holder proposals.
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 30 Sep 2026.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings by TEMPLETON CHINA WORLD FUND (filer no. 909226), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 30 Sep 2026; page built 1 Oct 2026.