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Franklin Resources, Inc. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and Franklin Resources, Inc.’s Form 8-K, filed 2025-02-07 (Item 5.07 on EDGAR). Page generated 04 October 2026.

13Reported items
120Asset managers
6,030Fund votes
2025-02-04Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore Franklin Resources, Inc. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by Franklin Resources, Inc.

These tallies are Franklin Resources, Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2025-02-07 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

Franklin Resources, Inc. — official shareholder meeting results, meeting held 2025-02-04
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Mariann Byerwalter	419,007,983	6,194,478	124,428	--	35,843,694	Majority: yes
Elect Director: Alexander S. Friedman	418,352,573	6,840,281	134,035	--	35,843,694	Majority: yes
Elect Director: Gregory E. Johnson	421,869,374	2,989,860	467,655	--	35,843,694	Majority: yes
Elect Director: Jennifer M. Johnson	422,909,685	2,280,615	136,589	--	35,843,694	Majority: yes
Elect Director: Rupert H. Johnson, Jr.	422,920,212	2,275,872	130,805	--	35,843,694	Majority: yes
Elect Director: John Y. Kim	417,204,293	7,962,313	160,283	--	35,843,694	Majority: yes
Elect Director: Karen M. King	421,913,559	3,277,145	136,185	--	35,843,694	Majority: yes
Elect Director: Anthony J. Noto	418,503,921	6,689,591	133,377	--	35,843,694	Majority: yes
Elect Director: John W. Thiel	421,838,923	3,346,583	141,383	--	35,843,694	Majority: yes
Elect Director: Seth H. Waugh	418,016,407	7,167,421	143,061	--	35,843,694	Majority: yes
Elect Director: Geoffrey Y. Yang	407,504,468	17,506,193	316,228	--	35,843,694	Majority: yes
Proposal 2: To ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2025.	451,231,198	9,743,298	196,087	--	--	Majority: yes

Source: Franklin Resources, Inc., Form 8-K, filed with the SEC on 2025-02-07 — read the filing on EDGAR.

How asset managers voted at the Franklin Resources, Inc. 2024-2025 meeting

Each item below shows how the 120 asset managers that disclosed a Franklin Resources, Inc. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of Franklin Resources, Inc.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. To ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2025.

AUDIT-RELATEDMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 451,231,198AGAINST: 9,743,298

Franklin Resources, Inc.’s own tally for this item (“Proposal 2: To ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2025.”): 451,231,198 for, 9,743,298 against, per its Form 8-K filed 2025-02-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 523,967,899 outstanding shares: 86% for, 2% against (88% of the company cast a for/against vote).

The 117 asset managers below cast 99.6% of the shares they voted on this item FOR (110,002,943 for, 441,392 against).

FOR 99.5%

FOR: 110,002,943 (99.6%)AGAINST: 441,392 (0.4%)ABSTAIN: 10,146 (0.0%)

Largest asset managers voting on “To ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public account” at Franklin Resources, Inc., 2024-2025
Asset manager	For	Against	Vote
Vanguard	35,596,505	0	For
BlackRock	14,589,606	0	For
State Street	10,862,602	1,395	For
ProShares	9,494,236	0	For
Invesco	8,413,147	0	For
First Trust	8,232,175	0	For
Fidelity	6,624,243	0	For
Charles Schwab	2,989,210	0	For
WisdomTree	2,145,607	0	For
Dimensional	1,565,031	0	For
Jackson National	1,211,209	0	For
Goldman Sachs	1,100,602	0	For
TIAA	759,134	0	For
Advisors' Inner Circle Fund II	540,601	0	For
Victory Capital	529,705	0	For
John Hancock	334,478	0	For
MASTER INVESTMENT PORTFOLIO	295,485	0	For
AQR	286,733	0	For
Empower	235,574	35,546	For
Lincoln Financial	271,118	0	For
Equitable	267,050	0	For
Amplify ETF Trust	0	266,342	Against
Nationwide	209,222	21,637	For
Six Circles Trust	219,812	0	For
T. Rowe Price	217,252	0	For

Showing the 25 largest of 117 asset managers. See all 117 in the interactive database.

2. To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: Alexander S. Friedman

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 418,352,573AGAINST: 6,840,281

Franklin Resources, Inc.’s own tally for this item (“Elect Director: Alexander S. Friedman”): 418,352,573 for, 6,840,281 against, per its Form 8-K filed 2025-02-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 523,967,899 outstanding shares: 80% for, 1% against (81% of the company cast a for/against vote).

The 115 asset managers below cast 99.7% of the shares they voted on this item FOR (110,116,664 for, 324,822 against).

FOR 99.6%

FOR: 110,116,664 (99.7%)AGAINST: 324,822 (0.3%)ABSTAIN: 12,624 (0.0%)

Largest asset managers voting on “To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that ” at Franklin Resources, Inc., 2024-2025
Asset manager	For	Against	Vote
Vanguard	35,596,505	0	For
BlackRock	14,583,729	5,877	For
State Street	10,860,846	3,151	For
ProShares	9,494,236	0	For
Invesco	8,413,147	0	For
First Trust	8,232,175	0	For
Fidelity	6,624,243	0	For
Charles Schwab	2,989,210	0	For
WisdomTree	2,145,607	0	For
Dimensional	1,565,031	0	For
Jackson National	1,211,209	0	For
Goldman Sachs	1,100,602	0	For
TIAA	759,134	0	For
Advisors' Inner Circle Fund II	540,601	0	For
Victory Capital	529,705	0	For
John Hancock	334,478	0	For
MASTER INVESTMENT PORTFOLIO	295,485	0	For
AQR	286,733	0	For
Empower	235,574	35,546	For
Lincoln Financial	271,118	0	For
Equitable	267,050	0	For
Amplify ETF Trust	266,342	0	For
Nationwide	230,859	0	For
Six Circles Trust	219,812	0	For
T. Rowe Price	217,252	0	For

Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.

3. To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: Anthony J. Noto

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 418,503,921AGAINST: 6,689,591

Franklin Resources, Inc.’s own tally for this item (“Elect Director: Anthony J. Noto”): 418,503,921 for, 6,689,591 against, per its Form 8-K filed 2025-02-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 523,967,899 outstanding shares: 80% for, 1% against (81% of the company cast a for/against vote).

The 115 asset managers below cast 99.7% of the shares they voted on this item FOR (110,119,142 for, 324,822 against).

FOR 99.6%

FOR: 110,119,142 (99.7%)AGAINST: 324,822 (0.3%)ABSTAIN: 10,146 (0.0%)

Largest asset managers voting on “To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that ” at Franklin Resources, Inc., 2024-2025
Asset manager	For	Against	Vote
Vanguard	35,596,505	0	For
BlackRock	14,583,729	5,877	For
State Street	10,860,846	3,151	For
ProShares	9,494,236	0	For
Invesco	8,413,147	0	For
First Trust	8,232,175	0	For
Fidelity	6,624,243	0	For
Charles Schwab	2,989,210	0	For
WisdomTree	2,145,607	0	For
Dimensional	1,565,031	0	For
Jackson National	1,211,209	0	For
Goldman Sachs	1,100,602	0	For
TIAA	759,134	0	For
Advisors' Inner Circle Fund II	540,601	0	For
Victory Capital	529,705	0	For
John Hancock	334,478	0	For
MASTER INVESTMENT PORTFOLIO	295,485	0	For
AQR	286,733	0	For
Empower	235,574	35,546	For
Lincoln Financial	271,118	0	For
Equitable	267,050	0	For
Amplify ETF Trust	266,342	0	For
Nationwide	230,859	0	For
Six Circles Trust	219,812	0	For
T. Rowe Price	217,252	0	For

Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.

4. To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: Geoffrey Y. Yang

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 407,504,468AGAINST: 17,506,193

Franklin Resources, Inc.’s own tally for this item (“Elect Director: Geoffrey Y. Yang”): 407,504,468 for, 17,506,193 against, per its Form 8-K filed 2025-02-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 523,967,899 outstanding shares: 78% for, 3% against (81% of the company cast a for/against vote).

The 115 asset managers below cast 99.2% of the shares they voted on this item FOR (109,621,265 for, 822,699 against).

FOR 99.2%

FOR: 109,621,265 (99.2%)AGAINST: 822,699 (0.7%)ABSTAIN: 10,146 (0.0%)

Largest asset managers voting on “To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that ” at Franklin Resources, Inc., 2024-2025
Asset manager	For	Against	Vote
Vanguard	35,596,505	0	For
BlackRock	14,582,307	7,299	For
State Street	10,859,451	4,546	For
ProShares	9,494,236	0	For
Invesco	8,413,147	0	For
First Trust	8,232,175	0	For
Fidelity	6,624,243	0	For
Charles Schwab	2,989,210	0	For
WisdomTree	2,145,607	0	For
Dimensional	1,565,031	0	For
Jackson National	1,211,209	0	For
Goldman Sachs	1,100,602	0	For
TIAA	759,134	0	For
Advisors' Inner Circle Fund II	540,601	0	For
Victory Capital	529,705	0	For
John Hancock	306,510	27,968	For
MASTER INVESTMENT PORTFOLIO	295,485	0	For
AQR	286,733	0	For
Empower	271,120	0	For
Lincoln Financial	271,118	0	For
Equitable	267,050	0	For
Amplify ETF Trust	266,342	0	For
Nationwide	209,222	21,637	For
Six Circles Trust	219,812	0	For
T. Rowe Price	217,252	0	For

Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.

5. To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: Gregory E. Johnson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%

FOR: 421,869,374AGAINST: 2,989,860

Franklin Resources, Inc.’s own tally for this item (“Elect Director: Gregory E. Johnson”): 421,869,374 for, 2,989,860 against, per its Form 8-K filed 2025-02-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 523,967,899 outstanding shares: 81% for, 0.6% against (81% of the company cast a for/against vote).

The 115 asset managers below cast 99.8% of the shares they voted on this item FOR (110,307,260 for, 136,594 against).

FOR 99.8%

FOR: 110,307,260 (99.9%)AGAINST: 136,594 (0.1%)ABSTAIN: 10,256 (0.0%)

Largest asset managers voting on “To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that ” at Franklin Resources, Inc., 2024-2025
Asset manager	For	Against	Vote
Vanguard	35,596,505	0	For
BlackRock	14,588,134	1,472	For
State Street	10,862,126	1,871	For
ProShares	9,494,236	0	For
Invesco	8,413,147	0	For
First Trust	8,232,175	0	For
Fidelity	6,624,243	0	For
Charles Schwab	2,989,210	0	For
WisdomTree	2,145,607	0	For
Dimensional	1,565,031	0	For
Jackson National	1,211,209	0	For
Goldman Sachs	1,100,602	0	For
TIAA	759,134	0	For
Advisors' Inner Circle Fund II	540,601	0	For
Victory Capital	529,705	0	For
John Hancock	334,478	0	For
MASTER INVESTMENT PORTFOLIO	295,485	0	For
AQR	286,733	0	For
Empower	235,574	35,546	For
Lincoln Financial	271,118	0	For
Equitable	267,050	0	For
Amplify ETF Trust	266,342	0	For
Nationwide	230,859	0	For
Six Circles Trust	219,812	0	For
T. Rowe Price	217,252	0	For

Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.

6. To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: Jennifer M. Johnson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%

FOR: 422,909,685AGAINST: 2,280,615

Franklin Resources, Inc.’s own tally for this item (“Elect Director: Jennifer M. Johnson”): 422,909,685 for, 2,280,615 against, per its Form 8-K filed 2025-02-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 523,967,899 outstanding shares: 81% for, 0.5% against (81% of the company cast a for/against vote).

The 115 asset managers below cast 99.9% of the shares they voted on this item FOR (110,430,410 for, 13,444 against).

FOR 99.9%

FOR: 110,430,410 (100.0%)AGAINST: 13,444 (0.0%)ABSTAIN: 10,256 (0.0%)

Largest asset managers voting on “To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that ” at Franklin Resources, Inc., 2024-2025
Asset manager	For	Against	Vote
Vanguard	35,596,505	0	For
BlackRock	14,588,134	1,472	For
State Street	10,862,126	1,871	For
ProShares	9,494,236	0	For
Invesco	8,413,147	0	For
First Trust	8,232,175	0	For
Fidelity	6,624,243	0	For
Charles Schwab	2,989,210	0	For
WisdomTree	2,145,607	0	For
Dimensional	1,565,031	0	For
Jackson National	1,211,209	0	For
Goldman Sachs	1,100,602	0	For
TIAA	759,134	0	For
Advisors' Inner Circle Fund II	540,601	0	For
Victory Capital	529,705	0	For
John Hancock	334,478	0	For
MASTER INVESTMENT PORTFOLIO	295,485	0	For
AQR	286,733	0	For
Empower	271,120	0	For
Lincoln Financial	271,118	0	For
Equitable	267,050	0	For
Amplify ETF Trust	266,342	0	For
Nationwide	230,859	0	For
Six Circles Trust	219,812	0	For
T. Rowe Price	217,252	0	For

Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.

7. To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: John W. Thiel

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%

FOR: 421,838,923AGAINST: 3,346,583

Franklin Resources, Inc.’s own tally for this item (“Elect Director: John W. Thiel”): 421,838,923 for, 3,346,583 against, per its Form 8-K filed 2025-02-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 523,967,899 outstanding shares: 81% for, 0.7% against (81% of the company cast a for/against vote).

The 115 asset managers below cast 99.9% of the shares they voted on this item FOR (110,409,081 for, 34,883 against).

FOR 99.9%

FOR: 110,409,081 (100.0%)AGAINST: 34,883 (0.0%)ABSTAIN: 10,146 (0.0%)

Largest asset managers voting on “To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that ” at Franklin Resources, Inc., 2024-2025
Asset manager	For	Against	Vote
Vanguard	35,596,505	0	For
BlackRock	14,588,134	1,472	For
State Street	10,862,435	1,562	For
ProShares	9,494,236	0	For
Invesco	8,413,147	0	For
First Trust	8,232,175	0	For
Fidelity	6,624,243	0	For
Charles Schwab	2,989,210	0	For
WisdomTree	2,145,607	0	For
Dimensional	1,565,031	0	For
Jackson National	1,211,209	0	For
Goldman Sachs	1,100,602	0	For
TIAA	759,134	0	For
Advisors' Inner Circle Fund II	540,601	0	For
Victory Capital	529,705	0	For
John Hancock	334,478	0	For
MASTER INVESTMENT PORTFOLIO	295,485	0	For
AQR	286,733	0	For
Empower	271,120	0	For
Lincoln Financial	271,118	0	For
Equitable	267,050	0	For
Amplify ETF Trust	266,342	0	For
Nationwide	209,222	21,637	For
Six Circles Trust	219,812	0	For
T. Rowe Price	217,252	0	For

Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.

8. To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: John Y. Kim

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 417,204,293AGAINST: 7,962,313

Franklin Resources, Inc.’s own tally for this item (“Elect Director: John Y. Kim”): 417,204,293 for, 7,962,313 against, per its Form 8-K filed 2025-02-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 523,967,899 outstanding shares: 80% for, 2% against (81% of the company cast a for/against vote).

The 115 asset managers below cast 99.7% of the shares they voted on this item FOR (110,130,573 for, 313,391 against).

FOR 99.7%

FOR: 110,130,573 (99.7%)AGAINST: 313,391 (0.3%)ABSTAIN: 10,146 (0.0%)

Largest asset managers voting on “To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that ” at Franklin Resources, Inc., 2024-2025
Asset manager	For	Against	Vote
Vanguard	35,596,505	0	For
BlackRock	14,583,729	5,877	For
State Street	10,860,846	3,151	For
ProShares	9,494,236	0	For
Invesco	8,413,147	0	For
First Trust	8,232,175	0	For
Fidelity	6,624,243	0	For
Charles Schwab	2,989,210	0	For
WisdomTree	2,145,607	0	For
Dimensional	1,565,031	0	For
Jackson National	1,211,209	0	For
Goldman Sachs	1,100,602	0	For
TIAA	759,134	0	For
Advisors' Inner Circle Fund II	540,601	0	For
Victory Capital	529,705	0	For
John Hancock	334,478	0	For
MASTER INVESTMENT PORTFOLIO	295,485	0	For
AQR	286,733	0	For
Empower	271,120	0	For
Lincoln Financial	271,118	0	For
Equitable	267,050	0	For
Amplify ETF Trust	266,342	0	For
Nationwide	209,222	21,637	For
Six Circles Trust	219,812	0	For
T. Rowe Price	217,252	0	For

Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.

9. To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: Karen M. King

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%

FOR: 421,913,559AGAINST: 3,277,145

Franklin Resources, Inc.’s own tally for this item (“Elect Director: Karen M. King”): 421,913,559 for, 3,277,145 against, per its Form 8-K filed 2025-02-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 523,967,899 outstanding shares: 81% for, 0.7% against (81% of the company cast a for/against vote).

The 115 asset managers below cast 99.9% of the shares they voted on this item FOR (110,409,081 for, 34,883 against).

FOR 99.9%

FOR: 110,409,081 (100.0%)AGAINST: 34,883 (0.0%)ABSTAIN: 10,146 (0.0%)

Largest asset managers voting on “To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that ” at Franklin Resources, Inc., 2024-2025
Asset manager	For	Against	Vote
Vanguard	35,596,505	0	For
BlackRock	14,588,134	1,472	For
State Street	10,862,435	1,562	For
ProShares	9,494,236	0	For
Invesco	8,413,147	0	For
First Trust	8,232,175	0	For
Fidelity	6,624,243	0	For
Charles Schwab	2,989,210	0	For
WisdomTree	2,145,607	0	For
Dimensional	1,565,031	0	For
Jackson National	1,211,209	0	For
Goldman Sachs	1,100,602	0	For
TIAA	759,134	0	For
Advisors' Inner Circle Fund II	540,601	0	For
Victory Capital	529,705	0	For
John Hancock	334,478	0	For
MASTER INVESTMENT PORTFOLIO	295,485	0	For
AQR	286,733	0	For
Empower	271,120	0	For
Lincoln Financial	271,118	0	For
Equitable	267,050	0	For
Amplify ETF Trust	266,342	0	For
Nationwide	209,222	21,637	For
Six Circles Trust	219,812	0	For
T. Rowe Price	217,252	0	For

Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.

10. To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: Mariann Byerwalter

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 419,007,983AGAINST: 6,194,478

Franklin Resources, Inc.’s own tally for this item (“Elect Director: Mariann Byerwalter”): 419,007,983 for, 6,194,478 against, per its Form 8-K filed 2025-02-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 523,967,899 outstanding shares: 80% for, 1% against (81% of the company cast a for/against vote).

The 115 asset managers below cast 99.7% of the shares they voted on this item FOR (110,166,621 for, 277,343 against).

FOR 99.7%

FOR: 110,166,621 (99.7%)AGAINST: 277,343 (0.3%)ABSTAIN: 10,146 (0.0%)

Largest asset managers voting on “To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that ” at Franklin Resources, Inc., 2024-2025
Asset manager	For	Against	Vote
Vanguard	35,596,505	0	For
BlackRock	14,585,320	4,286	For
State Street	10,860,846	3,151	For
ProShares	9,494,236	0	For
Invesco	8,413,147	0	For
First Trust	8,232,175	0	For
Fidelity	6,624,243	0	For
Charles Schwab	2,989,210	0	For
WisdomTree	2,145,607	0	For
Dimensional	1,565,031	0	For
Jackson National	1,211,209	0	For
Goldman Sachs	1,100,602	0	For
TIAA	759,134	0	For
Advisors' Inner Circle Fund II	540,601	0	For
Victory Capital	529,705	0	For
John Hancock	334,478	0	For
MASTER INVESTMENT PORTFOLIO	295,485	0	For
AQR	286,733	0	For
Empower	271,120	0	For
Lincoln Financial	271,118	0	For
Equitable	267,050	0	For
Amplify ETF Trust	266,342	0	For
Nationwide	230,859	0	For
Six Circles Trust	219,812	0	For
T. Rowe Price	217,252	0	For

Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.

11. To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: Rupert H. Johnson, Jr.

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%

FOR: 422,920,212AGAINST: 2,275,872

Franklin Resources, Inc.’s own tally for this item (“Elect Director: Rupert H. Johnson, Jr.”): 422,920,212 for, 2,275,872 against, per its Form 8-K filed 2025-02-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 523,967,899 outstanding shares: 81% for, 0.5% against (81% of the company cast a for/against vote).

The 115 asset managers below cast 99.9% of the shares they voted on this item FOR (110,432,888 for, 10,966 against).

FOR 99.9%

FOR: 110,432,888 (100.0%)AGAINST: 10,966 (0.0%)ABSTAIN: 10,256 (0.0%)

Largest asset managers voting on “To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that ” at Franklin Resources, Inc., 2024-2025
Asset manager	For	Against	Vote
Vanguard	35,596,505	0	For
BlackRock	14,588,134	1,472	For
State Street	10,862,126	1,871	For
ProShares	9,494,236	0	For
Invesco	8,413,147	0	For
First Trust	8,232,175	0	For
Fidelity	6,624,243	0	For
Charles Schwab	2,989,210	0	For
WisdomTree	2,145,607	0	For
Dimensional	1,565,031	0	For
Jackson National	1,211,209	0	For
Goldman Sachs	1,100,602	0	For
TIAA	759,134	0	For
Advisors' Inner Circle Fund II	540,601	0	For
Victory Capital	529,705	0	For
John Hancock	334,478	0	For
MASTER INVESTMENT PORTFOLIO	295,485	0	For
AQR	286,733	0	For
Empower	271,120	0	For
Lincoln Financial	271,118	0	For
Equitable	267,050	0	For
Amplify ETF Trust	266,342	0	For
Nationwide	230,859	0	For
Six Circles Trust	219,812	0	For
T. Rowe Price	217,252	0	For

Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.

12. To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: Seth H. Waugh

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 418,016,407AGAINST: 7,167,421

Franklin Resources, Inc.’s own tally for this item (“Elect Director: Seth H. Waugh”): 418,016,407 for, 7,167,421 against, per its Form 8-K filed 2025-02-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 523,967,899 outstanding shares: 80% for, 1% against (81% of the company cast a for/against vote).

The 115 asset managers below cast 98% of the shares they voted on this item FOR (108,180,542 for, 2,263,422 against).

FOR 98%

FOR: 108,180,542 (97.9%)AGAINST: 2,263,422 (2.0%)ABSTAIN: 10,146 (0.0%)

Largest asset managers voting on “To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that ” at Franklin Resources, Inc., 2024-2025
Asset manager	For	Against	Vote
Vanguard	35,596,505	0	For
BlackRock	14,588,134	1,472	For
State Street	10,862,435	1,562	For
ProShares	9,494,236	0	For
Invesco	8,413,147	0	For
First Trust	8,232,175	0	For
Fidelity	6,624,243	0	For
Charles Schwab	2,989,210	0	For
WisdomTree	2,145,607	0	For
Dimensional	0	1,565,031	Against
Jackson National	1,191,283	19,926	For
Goldman Sachs	1,100,602	0	For
TIAA	759,134	0	For
Advisors' Inner Circle Fund II	540,601	0	For
Victory Capital	529,705	0	For
John Hancock	161,649	172,829	Against
MASTER INVESTMENT PORTFOLIO	295,485	0	For
AQR	286,733	0	For
Empower	271,120	0	For
Lincoln Financial	239,426	31,692	For
Equitable	267,050	0	For
Amplify ETF Trust	0	266,342	Against
Nationwide	209,222	21,637	For
Six Circles Trust	219,812	0	For
T. Rowe Price	217,252	0	For

Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.

13. Audit Related

AUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (1,651 for, 0 against).

FOR: 1,651 (100.0%)

Largest asset managers voting on “Audit Related” at Franklin Resources, Inc., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Two Roads Shared Trust	1,644	0	0	0	For
Members Trust Co	7	0	0	0	For

Largest Franklin Resources, Inc. shareholders voting in 2024-2025

Ranked by the number of Franklin Resources, Inc. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 523,967,899 shares outstanding at the time of that meeting.

Top Franklin Resources, Inc. shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	Vanguard	6.79%
2	BlackRock	2.78%
3	State Street	2.07%
4	ProShares	1.81%
5	Invesco	1.61%
6	First Trust	1.57%
7	Fidelity	1.26%
8	Charles Schwab	0.57%
9	WisdomTree	0.41%
10	Dimensional	0.30%

Reported Franklin Resources, Inc. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

Franklin Resources, Inc. beneficial owners on record for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
Vanguard Group	7.21%	13F
BlackRock	5.79%	13F
State Street	4.40%	13F
Invesco	2.29%	13F
Geode Capital	1.49%	13F
Dimensional Fund Advisors	1.38%	13F
Franklin Resources, Inc.	1.34%	13D
Goldman Sachs	1.33%	13F
Morgan Stanley	0.96%	13F
Northern Trust	0.65%	13F

Percentages above are of 523,967,899 shares outstanding, as reported by Franklin Resources, Inc. on its Form 10-Q dated 2024-12-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from Franklin Resources, Inc.’s 10-Q dated 2024-12-31. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.

At Franklin Resources, Inc.'s shareholder meeting held 2025-02-04, in the 2024-2025 proxy season, 120 asset managers reported how they voted in their SEC Form N-PX filings, covering 6,030 separate fund positions. Their filings are grouped here into 13 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — To ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered… — FOR was 98% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: Franklin Resources, Inc.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2025-02-07.

Franklin Resources, Inc. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.