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Form N-PX · fund seriesSEC series no. S000007864

Franklin Mutual Shares Fund

A series of FRANKLIN MUTUAL SERIES FUNDS

Vote records
775year to 30 June 2026
Against management
6.3%49 of 775 marked votes
Say-on-pay support
88.4%for, of for + against + abstain
Shareholder-proposal support
30.5%for, of for + against + abstain

Franklin Mutual Shares Fund is a series of FRANKLIN MUTUAL SERIES FUNDS. For the year to 30 June 2026 its registrant reported 775 vote records for the series; 6.3% of the votes marked for or against management went against management. It voted for 88.4% of say-on-pay items and for 30.5% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantFranklin TempletonMedian fund registrant
Against-management share6.3%5.3%10.1%6.2%
Say-on-pay support rate88.4%83.1%90.4%91.6%
Shareholder-proposal support rate30.5%28.6%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 ELECTIONS52750793.8%
SECTION 14A SAY-ON-PAY VOTES4738512.8%
AUDIT-RELATED525200.0%
SHAREHOLDER RIGHTS AND DEFENSES54140.0%
EXTRAORDINARY TRANSACTIONS2200.0%
CAPITAL STRUCTURE343405.9%
COMPENSATION2620615.4%
CORPORATE GOVERNANCE5953623.7%
ENVIRONMENT OR CLIMATE182160.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE83512.5%
DIVERSITY, EQUITY, AND INCLUSION122100.0%
OTHER SOCIAL ISSUES306246.7%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20249057.9%78.7%30.6%
year to 30 June 20258704.7%93.9%21.4%
year to 30 June 20267756.3%88.4%30.5%

Questions

How often did Franklin Mutual Shares Fund vote against management?

6.3% of the votes its registrant marked for or against management in the year to 30 June 2026 (49 of 775).

How did Franklin Mutual Shares Fund vote on executive pay?

It voted for 38 of 43 say-on-pay items cast for, against or abstain (88.4%).

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 FRANKLIN MUTUAL SERIES 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 FRANKLIN MUTUAL SERIES FUNDS (filer no. 825063); votes attributed to series S000007864 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.