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Form N-PX · fund seriesSEC series no. S000000778

Franklin Asset Allocation Balanced Fund

A series of PUTNAM ASSET ALLOCATION FUNDS

Vote records
11,070year to 30 June 2026
Against management
7.3%757 of 10,302 marked votes
Say-on-pay support
93.6%for, of for + against + abstain
Shareholder-proposal support
13.8%for, of for + against + abstain

Franklin Asset Allocation Balanced Fund is a series of PUTNAM ASSET ALLOCATION FUNDS. For the year to 30 June 2026 its registrant reported 11,070 vote records for the series; 7.3% of the votes marked for or against management went against management. It voted for 93.6% of say-on-pay items and for 13.8% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantFranklin TempletonMedian fund registrant
Against-management share7.3%7.4%10.1%6.2%
Say-on-pay support rate93.6%92.8%90.4%91.6%
Shareholder-proposal support rate13.8%16.2%43.4%27.5%

Votes by category

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

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS6,4035,9153197.5%
SECTION 14A SAY-ON-PAY VOTES713613476.9%
AUDIT-RELATED81380760.5%
INVESTMENT COMPANY MATTERS1100.0%
SHAREHOLDER RIGHTS AND DEFENSES3327627.3%
EXTRAORDINARY TRANSACTIONS837678.4%
CAPITAL STRUCTURE615605102.3%
COMPENSATION70456313619.0%
CORPORATE GOVERNANCE88971017910.7%
ENVIRONMENT OR CLIMATE8915741.1%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE3910290.0%
DIVERSITY, EQUITY, AND INCLUSION4810380.0%
OTHER SOCIAL ISSUES12536890.0%
OTHER94511.1%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 202411,0008.8%93.8%18.9%
year to 30 June 202510,8207.0%92.7%17.7%
year to 30 June 202611,0707.3%93.6%13.8%

Questions

How often did Franklin Asset Allocation Balanced Fund vote against management?

7.3% of the votes its registrant marked for or against management in the year to 30 June 2026 (757 of 10,302).

How did Franklin Asset Allocation Balanced Fund vote on executive pay?

It voted for 596 of 637 say-on-pay items cast for, against or abstain (93.6%).

Is this the result of the meetings?

No. Form N-PX shows how the fund voted the shares it held. It does not show how other shareholders voted or what the outcome was.

Where does the data come from?

From the Form N-PX filed by PUTNAM ASSET ALLOCATION FUNDS, which lists the series that cast each vote. The SEC does not verify the contents. Data runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX filed by PUTNAM ASSET ALLOCATION FUNDS (filer no. 914209); votes attributed to series S000000778 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.