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Form N-PX · fund seriesSEC series no. S000067964

Franklin Multi-Asset Income Fund

A series of PUTNAM ASSET ALLOCATION FUNDS

Vote records
8,535year to 30 June 2026
Against management
6.9%549 of 8,003 marked votes
Say-on-pay support
93.5%for, of for + against + abstain
Shareholder-proposal support
13.2%for, of for + against + abstain

Franklin Multi-Asset Income Fund is a series of PUTNAM ASSET ALLOCATION FUNDS. For the year to 30 June 2026 its registrant reported 8,535 vote records for the series; 6.9% of the votes marked for or against management went against management. It voted for 93.5% of say-on-pay items and for 13.2% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantFranklin TempletonMedian fund registrant
Against-management share6.9%7.4%10.1%6.2%
Say-on-pay support rate93.5%92.8%90.4%91.6%
Shareholder-proposal support rate13.2%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 ELECTIONS4,9324,5781997.1%
SECTION 14A SAY-ON-PAY VOTES567488407.1%
AUDIT-RELATED65664970.5%
INVESTMENT COMPANY MATTERS1100.0%
SHAREHOLDER RIGHTS AND DEFENSES3025523.3%
EXTRAORDINARY TRANSACTIONS766979.2%
CAPITAL STRUCTURE46946272.6%
COMPENSATION5594639616.8%
CORPORATE GOVERNANCE6415261158.2%
ENVIRONMENT OR CLIMATE7614620.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE3210220.0%
DIVERSITY, EQUITY, AND INCLUSION4010300.0%
OTHER SOCIAL ISSUES10534710.0%
OTHER151056.7%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20248,6268.9%92.7%16.6%
year to 30 June 20258,5747.0%92.2%15.6%
year to 30 June 20268,5356.9%93.5%13.2%

Questions

How often did Franklin Multi-Asset Income Fund vote against management?

6.9% of the votes its registrant marked for or against management in the year to 30 June 2026 (549 of 8,003).

How did Franklin Multi-Asset Income Fund vote on executive pay?

It voted for 471 of 504 say-on-pay items cast for, against or abstain (93.5%).

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 S000067964 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.