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NOVARTIS AG 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated 04 October 2026.

93Reported items
687Asset managers
22,068Fund votes
2025-03-07Meeting date

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

Explore NOVARTIS AG in the interactive database Compare manager voting policies

How asset managers voted at the NOVARTIS AG 2024-2025 meeting

Each item below shows how the 687 asset managers that disclosed a NOVARTIS AG 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 NOVARTIS AG’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. 7C. Advisory vote on the 2024 Compensation Report.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-03-07; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

99.5% fund support · no official result

FOR 97%

The 450 asset managers below cast 99.5% of the shares they voted on this item FOR (18,822,607 for, 91,049 against).

FOR: 18,822,607 (97.3%)AGAINST: 91,049 (0.5%)ABSTAIN: 67,247 (0.3%)NOT VOTED: 291,840 (1.5%)UNKNOWN: 81,877 (0.4%)

Largest asset managers voting on “7C. Advisory vote on the 2024 Compensation Report.” at NOVARTIS AG, 2024-2025
Asset manager	For	Against	Abstain	Vote
Northern Trust	2,078,737	0	0	For
Cullen Capital Management, LLC	1,834,437	0	0	For
BlackRock	1,722,503	0	11,455	For
Loomis Sayles	1,450,519	0	0	For
ENVESTNET ASSET MANAGEMENT INC	1,228,349	0	0	For
Natixis	917,398	0	0	For
D.A. DAVIDSON & CO.	715,673	0	0	For
TRUIST FINANCIAL CORP	702,312	0	0	For
BRISTOL JOHN W & CO INC /NY/	406,561	0	0	For
Jackson National	401,178	0	0	For
AGF MANAGEMENT LTD	395,612	0	0	For
Corient Private Wealth LLC	317,837	622	200	For
AMANA MUTUAL FUNDS TRUST	295,400	0	0	For
PRIMECAP Odyssey Funds	0	0	0	Not Voted
RAYMOND JAMES & ASSOCIATES	291,029	0	0	For
CULLEN FUNDS TRUST	260,583	0	0	For
PNC BANK, NATIONAL ASSOCIATION	238,837	0	0	For
OPPENHEIMER ASSET MANAGEMENT INC.	228,794	0	0	For
FIRST FINANCIAL BANKSHARES INC	215,843	0	0	For
LPL Financial LLC	174,385	0	0	For
ADVISORS SERIES TRUST	169,493	0	0	For
ASSETMARK, INC	164,110	0	0	For
MANAGED ASSET PORTFOLIOS, LLC	129,570	0	0	For
SCOTIA CAPITAL INC.	122,197	0	0	For
Manning & Napier	112,859	0	0	For

Showing the 25 largest of 450 asset managers. See all 450 in the interactive database.

2. Approve Remuneration Report

COMPENSATION

Meeting held 2025-03-07; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.9%

The 141 asset managers below cast 99.9% of the shares they voted on this item FOR (245,947,133 for, 39,981 against).

FOR: 245,947,133 (100.0%)AGAINST: 39,981 (0.0%)

Largest asset managers voting on “Approve Remuneration Report” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	60,051,616	For
BlackRock	38,968,492	For
Dodge & Cox	22,669,878	For
Artisan	13,298,609	For
Goldman Sachs	10,279,647	For
National Pension Service	8,778,485	For
JPMorgan	8,296,696	For
Dimensional	7,781,262	For
APG Asset Management US Inc.	6,342,006	For
TIAA	5,342,569	For
MFS	4,740,207	For
T. Rowe Price	4,441,787	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	For
Capital Group	3,824,664	For
State Street	3,479,229	For
JANUS INVESTMENT FUND	3,254,285	For
Six Circles Trust	3,022,137	For
Walter Scott & Partners Ltd	2,919,585	For
Thornburg	2,684,508	For
DWS	1,994,952	For
Northern Trust	1,932,240	For
Korea Investment CORP	1,645,421	For
John Hancock	1,558,072	For
BNY Mellon	1,432,842	For
TWEEDY, BROWNE FUND INC.	1,394,618	For

Showing the 25 largest of 141 asset managers. See all 141 in the interactive database.

3. Approve Remuneration of Executive Committee in the Amount of CHF 95 Million

COMPENSATION

Meeting held 2025-03-07; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 123 asset managers below cast 100% of the shares they voted on this item FOR (222,939,797 for, 0 against).

FOR: 222,939,797 (100.0%)

Largest asset managers voting on “Approve Remuneration of Executive Committee in the Amount of CHF 95 Million” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	60,051,616	For
BlackRock	38,968,492	For
Dodge & Cox	22,669,878	For
Artisan	13,298,609	For
Goldman Sachs	10,279,647	For
Dimensional	7,781,262	For
APG Asset Management US Inc.	6,342,006	For
TIAA	5,342,569	For
MFS	4,740,207	For
T. Rowe Price	4,441,787	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	For
Capital Group	3,824,664	For
State Street	3,479,229	For
JANUS INVESTMENT FUND	3,254,285	For
Six Circles Trust	3,022,137	For
Thornburg	2,684,508	For
DWS	1,994,952	For
JPMorgan	1,923,565	For
John Hancock	1,558,072	For
BNY Mellon	1,432,842	For
TWEEDY, BROWNE FUND INC.	1,394,618	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	For
Columbia Threadneedle	1,251,615	For
Northern Trust	904,860	For
Victory Capital	867,912	For

Showing the 25 largest of 123 asset managers. See all 123 in the interactive database.

4. Accept Financial Statements and Statutory Reports

CORPORATE GOVERNANCE

Meeting held 2025-03-07; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 122 asset managers below cast 100% of the shares they voted on this item FOR (216,582,362 for, 0 against).

FOR: 216,582,362 (100.0%)

Largest asset managers voting on “Accept Financial Statements and Statutory Reports” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	60,051,616	For
BlackRock	38,968,492	For
Dodge & Cox	22,669,878	For
Artisan	13,298,609	For
Goldman Sachs	10,279,647	For
Dimensional	7,781,262	For
TIAA	5,342,569	For
MFS	4,740,207	For
T. Rowe Price	4,441,787	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	For
Capital Group	3,824,664	For
State Street	3,479,229	For
JANUS INVESTMENT FUND	3,254,285	For
Six Circles Trust	3,022,137	For
Thornburg	2,684,508	For
DWS	1,994,952	For
JPMorgan	1,923,565	For
John Hancock	1,558,072	For
BNY Mellon	1,432,842	For
TWEEDY, BROWNE FUND INC.	1,394,618	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	For
Columbia Threadneedle	1,251,615	For
Northern Trust	904,860	For
Victory Capital	867,912	For
Fidelity	832,733	For

Showing the 25 largest of 122 asset managers. See all 122 in the interactive database.

5. Approve Remuneration of Directors in the Amount of CHF 8.2 Million

COMPENSATION

Meeting held 2025-03-07; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 122 asset managers below cast 100% of the shares they voted on this item FOR (216,597,791 for, 0 against).

FOR: 216,597,791 (100.0%)

Largest asset managers voting on “Approve Remuneration of Directors in the Amount of CHF 8.2 Million” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	60,051,616	For
BlackRock	38,968,492	For
Dodge & Cox	22,669,878	For
Artisan	13,298,609	For
Goldman Sachs	10,279,647	For
Dimensional	7,781,262	For
TIAA	5,342,569	For
MFS	4,740,207	For
T. Rowe Price	4,441,787	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	For
Capital Group	3,824,664	For
State Street	3,479,229	For
JANUS INVESTMENT FUND	3,254,285	For
Six Circles Trust	3,022,137	For
Thornburg	2,684,508	For
DWS	1,994,952	For
JPMorgan	1,923,565	For
John Hancock	1,558,072	For
BNY Mellon	1,432,842	For
TWEEDY, BROWNE FUND INC.	1,394,618	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	For
Columbia Threadneedle	1,251,615	For
Northern Trust	904,860	For
Victory Capital	867,912	For
Fidelity	832,733	For

Showing the 25 largest of 122 asset managers. See all 122 in the interactive database.

6. Approve Allocation of Income and Dividends of CHF 3.50 per Share

CAPITAL STRUCTURE

Meeting held 2025-03-07; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 121 asset managers below cast 100% of the shares they voted on this item FOR (216,582,362 for, 0 against).

FOR: 216,582,362 (100.0%)

Largest asset managers voting on “Approve Allocation of Income and Dividends of CHF 3.50 per Share” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	60,051,616	For
BlackRock	38,968,492	For
Dodge & Cox	22,669,878	For
Artisan	13,298,609	For
Goldman Sachs	10,279,647	For
Dimensional	7,781,262	For
TIAA	5,342,569	For
MFS	4,740,207	For
T. Rowe Price	4,441,787	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	For
Capital Group	3,824,664	For
State Street	3,479,229	For
JANUS INVESTMENT FUND	3,254,285	For
Six Circles Trust	3,022,137	For
Thornburg	2,684,508	For
DWS	1,994,952	For
JPMorgan	1,923,565	For
John Hancock	1,558,072	For
BNY Mellon	1,432,842	For
TWEEDY, BROWNE FUND INC.	1,394,618	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	For
Columbia Threadneedle	1,251,615	For
Northern Trust	904,860	For
Victory Capital	867,912	For
Fidelity	832,733	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

7. Approve CHF 38 Million Reduction in Share Capital via Cancellation of Repurchased Shares

CAPITAL STRUCTURE

Meeting held 2025-03-07; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 121 asset managers below cast 100% of the shares they voted on this item FOR (216,582,362 for, 0 against).

FOR: 216,582,362 (100.0%)

Largest asset managers voting on “Approve CHF 38 Million Reduction in Share Capital via Cancellation of Repurchased Shares” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	60,051,616	For
BlackRock	38,968,492	For
Dodge & Cox	22,669,878	For
Artisan	13,298,609	For
Goldman Sachs	10,279,647	For
Dimensional	7,781,262	For
TIAA	5,342,569	For
MFS	4,740,207	For
T. Rowe Price	4,441,787	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	For
Capital Group	3,824,664	For
State Street	3,479,229	For
JANUS INVESTMENT FUND	3,254,285	For
Six Circles Trust	3,022,137	For
Thornburg	2,684,508	For
DWS	1,994,952	For
JPMorgan	1,923,565	For
John Hancock	1,558,072	For
BNY Mellon	1,432,842	For
TWEEDY, BROWNE FUND INC.	1,394,618	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	For
Columbia Threadneedle	1,251,615	For
Northern Trust	904,860	For
Victory Capital	867,912	For
Fidelity	832,733	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

8. Approve Discharge of Board and Senior Management

CORPORATE GOVERNANCE

Meeting held 2025-03-07; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 121 asset managers below cast 100% of the shares they voted on this item FOR (216,582,362 for, 0 against).

FOR: 216,582,362 (100.0%)

Largest asset managers voting on “Approve Discharge of Board and Senior Management” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	60,051,616	For
BlackRock	38,968,492	For
Dodge & Cox	22,669,878	For
Artisan	13,298,609	For
Goldman Sachs	10,279,647	For
Dimensional	7,781,262	For
TIAA	5,342,569	For
MFS	4,740,207	For
T. Rowe Price	4,441,787	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	For
Capital Group	3,824,664	For
State Street	3,479,229	For
JANUS INVESTMENT FUND	3,254,285	For
Six Circles Trust	3,022,137	For
Thornburg	2,684,508	For
DWS	1,994,952	For
JPMorgan	1,923,565	For
John Hancock	1,558,072	For
BNY Mellon	1,432,842	For
TWEEDY, BROWNE FUND INC.	1,394,618	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	For
Columbia Threadneedle	1,251,615	For
Northern Trust	904,860	For
Victory Capital	867,912	For
Fidelity	832,733	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

9. Approve Non-Financial Report

CORPORATE GOVERNANCE

Meeting held 2025-03-07; no official results are on file for this meeting.

100% fund support · no official result

FOR 99%

The 121 asset managers below cast 100% of the shares they voted on this item FOR (213,439,275 for, 0 against).

FOR: 213,439,275 (98.5%)ABSTAIN: 3,143,087 (1.5%)

Largest asset managers voting on “Approve Non-Financial Report” at NOVARTIS AG, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	60,051,616	0	For
BlackRock	38,968,492	0	For
Dodge & Cox	22,669,878	0	For
Artisan	13,298,609	0	For
Goldman Sachs	10,279,647	0	For
Dimensional	7,781,262	0	For
TIAA	5,342,569	0	For
MFS	4,740,207	0	For
T. Rowe Price	4,441,787	0	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	0	For
Capital Group	3,824,664	0	For
State Street	3,479,229	0	For
JANUS INVESTMENT FUND	3,254,285	0	For
Six Circles Trust	3,022,137	0	For
Thornburg	0	2,684,508	Abstain
DWS	1,994,952	0	For
JPMorgan	1,923,565	0	For
John Hancock	1,558,072	0	For
BNY Mellon	1,432,842	0	For
TWEEDY, BROWNE FUND INC.	1,394,618	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	0	For
Columbia Threadneedle	1,251,615	0	For
Northern Trust	904,860	0	For
Victory Capital	867,912	0	For
Fidelity	832,733	0	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

10. Approve Virtual-Only Shareholder Meetings

CORPORATE GOVERNANCE

Meeting held 2025-03-07; no official results are on file for this meeting.

99.5% fund support · no official result

FOR 99.5%

The 121 asset managers below cast 99.5% of the shares they voted on this item FOR (215,540,818 for, 1,041,544 against).

FOR: 215,540,818 (99.5%)AGAINST: 1,041,544 (0.5%)

Largest asset managers voting on “Approve Virtual-Only Shareholder Meetings” at NOVARTIS AG, 2024-2025
Asset manager	For	Against	Vote
Vanguard	60,051,616	0	For
BlackRock	38,968,492	0	For
Dodge & Cox	22,669,878	0	For
Artisan	13,298,609	0	For
Goldman Sachs	10,279,647	0	For
Dimensional	7,781,262	0	For
TIAA	5,342,569	0	For
MFS	4,740,207	0	For
T. Rowe Price	4,441,787	0	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	0	For
Capital Group	3,824,664	0	For
State Street	3,479,229	0	For
JANUS INVESTMENT FUND	3,254,285	0	For
Six Circles Trust	3,022,137	0	For
Thornburg	2,684,508	0	For
DWS	1,994,952	0	For
JPMorgan	1,923,565	0	For
John Hancock	1,558,072	0	For
BNY Mellon	1,358,443	74,399	For
TWEEDY, BROWNE FUND INC.	1,394,618	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	0	For
Columbia Threadneedle	1,251,615	0	For
Northern Trust	117,696	787,164	Against
Victory Capital	867,912	0	For
Fidelity	832,733	0	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

11. Authorize Repurchase of up to CHF 10 Billion in Issued Share Capital

CAPITAL STRUCTURE

Meeting held 2025-03-07; no official results are on file for this meeting.

99.7% fund support · no official result

FOR 99.7%

The 121 asset managers below cast 99.7% of the shares they voted on this item FOR (215,940,787 for, 641,575 against).

FOR: 215,940,787 (99.7%)AGAINST: 641,575 (0.3%)

Largest asset managers voting on “Authorize Repurchase of up to CHF 10 Billion in Issued Share Capital” at NOVARTIS AG, 2024-2025
Asset manager	For	Against	Vote
Vanguard	59,430,771	620,845	For
BlackRock	38,968,492	0	For
Dodge & Cox	22,669,878	0	For
Artisan	13,298,609	0	For
Goldman Sachs	10,279,647	0	For
Dimensional	7,781,262	0	For
TIAA	5,342,569	0	For
MFS	4,740,207	0	For
T. Rowe Price	4,441,787	0	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	0	For
Capital Group	3,824,664	0	For
State Street	3,479,229	0	For
JANUS INVESTMENT FUND	3,254,285	0	For
Six Circles Trust	3,022,137	0	For
Thornburg	2,684,508	0	For
DWS	1,994,952	0	For
JPMorgan	1,923,565	0	For
John Hancock	1,558,072	0	For
BNY Mellon	1,432,842	0	For
TWEEDY, BROWNE FUND INC.	1,394,618	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	0	For
Columbia Threadneedle	1,251,615	0	For
Northern Trust	904,860	0	For
Victory Capital	867,912	0	For
Fidelity	832,733	0	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

12. Designate Peter Zahn as Independent Proxy

CORPORATE GOVERNANCE

Meeting held 2025-03-07; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 121 asset managers below cast 100% of the shares they voted on this item FOR (216,582,362 for, 0 against).

FOR: 216,582,362 (100.0%)

Largest asset managers voting on “Designate Peter Zahn as Independent Proxy” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	60,051,616	For
BlackRock	38,968,492	For
Dodge & Cox	22,669,878	For
Artisan	13,298,609	For
Goldman Sachs	10,279,647	For
Dimensional	7,781,262	For
TIAA	5,342,569	For
MFS	4,740,207	For
T. Rowe Price	4,441,787	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	For
Capital Group	3,824,664	For
State Street	3,479,229	For
JANUS INVESTMENT FUND	3,254,285	For
Six Circles Trust	3,022,137	For
Thornburg	2,684,508	For
DWS	1,994,952	For
JPMorgan	1,923,565	For
John Hancock	1,558,072	For
BNY Mellon	1,432,842	For
TWEEDY, BROWNE FUND INC.	1,394,618	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	For
Columbia Threadneedle	1,251,615	For
Northern Trust	904,860	For
Victory Capital	867,912	For
Fidelity	832,733	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

13. Elect Elizabeth McNally as Director

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 121 asset managers below cast 100% of the shares they voted on this item FOR (216,582,362 for, 0 against).

FOR: 216,582,362 (100.0%)

Largest asset managers voting on “Elect Elizabeth McNally as Director” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	60,051,616	For
BlackRock	38,968,492	For
Dodge & Cox	22,669,878	For
Artisan	13,298,609	For
Goldman Sachs	10,279,647	For
Dimensional	7,781,262	For
TIAA	5,342,569	For
MFS	4,740,207	For
T. Rowe Price	4,441,787	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	For
Capital Group	3,824,664	For
State Street	3,479,229	For
JANUS INVESTMENT FUND	3,254,285	For
Six Circles Trust	3,022,137	For
Thornburg	2,684,508	For
DWS	1,994,952	For
JPMorgan	1,923,565	For
John Hancock	1,558,072	For
BNY Mellon	1,432,842	For
TWEEDY, BROWNE FUND INC.	1,394,618	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	For
Columbia Threadneedle	1,251,615	For
Northern Trust	904,860	For
Victory Capital	867,912	For
Fidelity	832,733	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

14. Elect Giovanni Caforio as Director and Board Chair

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

99.6% fund support · no official result

FOR 99.6%

The 121 asset managers below cast 99.6% of the shares they voted on this item FOR (215,874,595 for, 707,767 against).

FOR: 215,874,595 (99.7%)AGAINST: 707,767 (0.3%)

Largest asset managers voting on “Elect Giovanni Caforio as Director and Board Chair” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	60,051,616	For
BlackRock	38,968,492	For
Dodge & Cox	22,669,878	For
Artisan	13,298,609	For
Goldman Sachs	10,279,647	For
Dimensional	7,781,262	For
TIAA	5,342,569	For
MFS	4,740,207	For
T. Rowe Price	4,441,787	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	For
Capital Group	3,824,664	For
State Street	3,479,229	For
JANUS INVESTMENT FUND	3,254,285	For
Six Circles Trust	3,022,137	For
Thornburg	2,684,508	For
DWS	1,994,952	For
JPMorgan	1,923,565	For
John Hancock	1,558,072	For
BNY Mellon	1,432,842	For
TWEEDY, BROWNE FUND INC.	1,394,618	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	For
Columbia Threadneedle	1,251,615	For
Northern Trust	904,860	For
Victory Capital	867,912	For
Fidelity	832,733	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

15. Ratify KPMG AG as Auditors

AUDIT-RELATED

Meeting held 2025-03-07; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 121 asset managers below cast 100% of the shares they voted on this item FOR (216,582,362 for, 0 against).

FOR: 216,582,362 (100.0%)

Largest asset managers voting on “Ratify KPMG AG as Auditors” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	60,051,616	For
BlackRock	38,968,492	For
Dodge & Cox	22,669,878	For
Artisan	13,298,609	For
Goldman Sachs	10,279,647	For
Dimensional	7,781,262	For
TIAA	5,342,569	For
MFS	4,740,207	For
T. Rowe Price	4,441,787	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	For
Capital Group	3,824,664	For
State Street	3,479,229	For
JANUS INVESTMENT FUND	3,254,285	For
Six Circles Trust	3,022,137	For
Thornburg	2,684,508	For
DWS	1,994,952	For
JPMorgan	1,923,565	For
John Hancock	1,558,072	For
BNY Mellon	1,432,842	For
TWEEDY, BROWNE FUND INC.	1,394,618	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	For
Columbia Threadneedle	1,251,615	For
Northern Trust	904,860	For
Victory Capital	867,912	For
Fidelity	832,733	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

16. Reelect Ana de Pro Gonzalo as Director

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 121 asset managers below cast 100% of the shares they voted on this item FOR (216,582,362 for, 0 against).

FOR: 216,582,362 (100.0%)

Largest asset managers voting on “Reelect Ana de Pro Gonzalo as Director” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	60,051,616	For
BlackRock	38,968,492	For
Dodge & Cox	22,669,878	For
Artisan	13,298,609	For
Goldman Sachs	10,279,647	For
Dimensional	7,781,262	For
TIAA	5,342,569	For
MFS	4,740,207	For
T. Rowe Price	4,441,787	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	For
Capital Group	3,824,664	For
State Street	3,479,229	For
JANUS INVESTMENT FUND	3,254,285	For
Six Circles Trust	3,022,137	For
Thornburg	2,684,508	For
DWS	1,994,952	For
JPMorgan	1,923,565	For
John Hancock	1,558,072	For
BNY Mellon	1,432,842	For
TWEEDY, BROWNE FUND INC.	1,394,618	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	For
Columbia Threadneedle	1,251,615	For
Northern Trust	904,860	For
Victory Capital	867,912	For
Fidelity	832,733	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

17. Reelect Bridgette Heller as Director

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

99.7% fund support · no official result

FOR 99.7%

The 121 asset managers below cast 99.7% of the shares they voted on this item FOR (215,940,787 for, 641,575 against).

FOR: 215,940,787 (99.7%)AGAINST: 641,575 (0.3%)

Largest asset managers voting on “Reelect Bridgette Heller as Director” at NOVARTIS AG, 2024-2025
Asset manager	For	Against	Vote
Vanguard	59,430,771	620,845	For
BlackRock	38,968,492	0	For
Dodge & Cox	22,669,878	0	For
Artisan	13,298,609	0	For
Goldman Sachs	10,279,647	0	For
Dimensional	7,781,262	0	For
TIAA	5,342,569	0	For
MFS	4,740,207	0	For
T. Rowe Price	4,441,787	0	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	0	For
Capital Group	3,824,664	0	For
State Street	3,479,229	0	For
JANUS INVESTMENT FUND	3,254,285	0	For
Six Circles Trust	3,022,137	0	For
Thornburg	2,684,508	0	For
DWS	1,994,952	0	For
JPMorgan	1,923,565	0	For
John Hancock	1,558,072	0	For
BNY Mellon	1,432,842	0	For
TWEEDY, BROWNE FUND INC.	1,394,618	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	0	For
Columbia Threadneedle	1,251,615	0	For
Northern Trust	904,860	0	For
Victory Capital	867,912	0	For
Fidelity	832,733	0	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

18. Reelect Daniel Hochstrasser as Director

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 121 asset managers below cast 100% of the shares they voted on this item FOR (216,582,362 for, 0 against).

FOR: 216,582,362 (100.0%)

Largest asset managers voting on “Reelect Daniel Hochstrasser as Director” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	60,051,616	For
BlackRock	38,968,492	For
Dodge & Cox	22,669,878	For
Artisan	13,298,609	For
Goldman Sachs	10,279,647	For
Dimensional	7,781,262	For
TIAA	5,342,569	For
MFS	4,740,207	For
T. Rowe Price	4,441,787	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	For
Capital Group	3,824,664	For
State Street	3,479,229	For
JANUS INVESTMENT FUND	3,254,285	For
Six Circles Trust	3,022,137	For
Thornburg	2,684,508	For
DWS	1,994,952	For
JPMorgan	1,923,565	For
John Hancock	1,558,072	For
BNY Mellon	1,432,842	For
TWEEDY, BROWNE FUND INC.	1,394,618	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	For
Columbia Threadneedle	1,251,615	For
Northern Trust	904,860	For
Victory Capital	867,912	For
Fidelity	832,733	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

19. Reelect Elizabeth Doherty as Director

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 121 asset managers below cast 100% of the shares they voted on this item FOR (216,582,362 for, 0 against).

FOR: 216,582,362 (100.0%)

Largest asset managers voting on “Reelect Elizabeth Doherty as Director” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	60,051,616	For
BlackRock	38,968,492	For
Dodge & Cox	22,669,878	For
Artisan	13,298,609	For
Goldman Sachs	10,279,647	For
Dimensional	7,781,262	For
TIAA	5,342,569	For
MFS	4,740,207	For
T. Rowe Price	4,441,787	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	For
Capital Group	3,824,664	For
State Street	3,479,229	For
JANUS INVESTMENT FUND	3,254,285	For
Six Circles Trust	3,022,137	For
Thornburg	2,684,508	For
DWS	1,994,952	For
JPMorgan	1,923,565	For
John Hancock	1,558,072	For
BNY Mellon	1,432,842	For
TWEEDY, BROWNE FUND INC.	1,394,618	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	For
Columbia Threadneedle	1,251,615	For
Northern Trust	904,860	For
Victory Capital	867,912	For
Fidelity	832,733	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

20. Reelect Frans van Houten as Director

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

94% fund support · no official result

FOR 94%

The 121 asset managers below cast 94% of the shares they voted on this item FOR (203,448,169 for, 13,134,193 against).

FOR: 203,448,169 (93.9%)AGAINST: 13,134,193 (6.1%)

Largest asset managers voting on “Reelect Frans van Houten as Director” at NOVARTIS AG, 2024-2025
Asset manager	For	Against	Vote
Vanguard	59,430,771	620,845	For
BlackRock	38,968,492	0	For
Dodge & Cox	22,669,878	0	For
Artisan	916,050	12,382,559	Against
Goldman Sachs	10,279,647	0	For
Dimensional	7,781,262	0	For
TIAA	5,342,569	0	For
MFS	4,740,207	0	For
T. Rowe Price	4,441,787	0	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	0	For
Capital Group	3,824,664	0	For
State Street	3,479,229	0	For
JANUS INVESTMENT FUND	3,254,285	0	For
Six Circles Trust	3,022,137	0	For
Thornburg	2,684,508	0	For
DWS	1,994,952	0	For
JPMorgan	1,923,565	0	For
John Hancock	1,558,072	0	For
BNY Mellon	1,432,842	0	For
TWEEDY, BROWNE FUND INC.	1,394,618	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	0	For
Columbia Threadneedle	1,251,615	0	For
Northern Trust	904,860	0	For
Victory Capital	867,912	0	For
Fidelity	832,733	0	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

21. Reelect John Young as Director

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 121 asset managers below cast 100% of the shares they voted on this item FOR (216,582,362 for, 0 against).

FOR: 216,582,362 (100.0%)

Largest asset managers voting on “Reelect John Young as Director” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	60,051,616	For
BlackRock	38,968,492	For
Dodge & Cox	22,669,878	For
Artisan	13,298,609	For
Goldman Sachs	10,279,647	For
Dimensional	7,781,262	For
TIAA	5,342,569	For
MFS	4,740,207	For
T. Rowe Price	4,441,787	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	For
Capital Group	3,824,664	For
State Street	3,479,229	For
JANUS INVESTMENT FUND	3,254,285	For
Six Circles Trust	3,022,137	For
Thornburg	2,684,508	For
DWS	1,994,952	For
JPMorgan	1,923,565	For
John Hancock	1,558,072	For
BNY Mellon	1,432,842	For
TWEEDY, BROWNE FUND INC.	1,394,618	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	For
Columbia Threadneedle	1,251,615	For
Northern Trust	904,860	For
Victory Capital	867,912	For
Fidelity	832,733	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

22. Reelect Nancy Andrews as Director

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 121 asset managers below cast 99.9% of the shares they voted on this item FOR (216,582,202 for, 160 against).

FOR: 216,582,202 (100.0%)AGAINST: 160 (0.0%)

Largest asset managers voting on “Reelect Nancy Andrews as Director” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	60,051,616	For
BlackRock	38,968,492	For
Dodge & Cox	22,669,878	For
Artisan	13,298,609	For
Goldman Sachs	10,279,647	For
Dimensional	7,781,262	For
TIAA	5,342,569	For
MFS	4,740,207	For
T. Rowe Price	4,441,787	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	For
Capital Group	3,824,664	For
State Street	3,479,229	For
JANUS INVESTMENT FUND	3,254,285	For
Six Circles Trust	3,022,137	For
Thornburg	2,684,508	For
DWS	1,994,952	For
JPMorgan	1,923,565	For
John Hancock	1,558,072	For
BNY Mellon	1,432,842	For
TWEEDY, BROWNE FUND INC.	1,394,618	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	For
Columbia Threadneedle	1,251,615	For
Northern Trust	904,860	For
Victory Capital	867,912	For
Fidelity	832,733	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

23. Reelect Patrice Bula as Director

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

99.7% fund support · no official result

FOR 99.7%

The 121 asset managers below cast 99.7% of the shares they voted on this item FOR (215,940,787 for, 641,575 against).

FOR: 215,940,787 (99.7%)AGAINST: 641,575 (0.3%)

Largest asset managers voting on “Reelect Patrice Bula as Director” at NOVARTIS AG, 2024-2025
Asset manager	For	Against	Vote
Vanguard	59,430,771	620,845	For
BlackRock	38,968,492	0	For
Dodge & Cox	22,669,878	0	For
Artisan	13,298,609	0	For
Goldman Sachs	10,279,647	0	For
Dimensional	7,781,262	0	For
TIAA	5,342,569	0	For
MFS	4,740,207	0	For
T. Rowe Price	4,441,787	0	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	0	For
Capital Group	3,824,664	0	For
State Street	3,479,229	0	For
JANUS INVESTMENT FUND	3,254,285	0	For
Six Circles Trust	3,022,137	0	For
Thornburg	2,684,508	0	For
DWS	1,994,952	0	For
JPMorgan	1,923,565	0	For
John Hancock	1,558,072	0	For
BNY Mellon	1,432,842	0	For
TWEEDY, BROWNE FUND INC.	1,394,618	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	0	For
Columbia Threadneedle	1,251,615	0	For
Northern Trust	904,860	0	For
Victory Capital	867,912	0	For
Fidelity	832,733	0	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

24. Reelect Simon Moroney as Director

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 121 asset managers below cast 100% of the shares they voted on this item FOR (216,582,362 for, 0 against).

FOR: 216,582,362 (100.0%)

Largest asset managers voting on “Reelect Simon Moroney as Director” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	60,051,616	For
BlackRock	38,968,492	For
Dodge & Cox	22,669,878	For
Artisan	13,298,609	For
Goldman Sachs	10,279,647	For
Dimensional	7,781,262	For
TIAA	5,342,569	For
MFS	4,740,207	For
T. Rowe Price	4,441,787	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	For
Capital Group	3,824,664	For
State Street	3,479,229	For
JANUS INVESTMENT FUND	3,254,285	For
Six Circles Trust	3,022,137	For
Thornburg	2,684,508	For
DWS	1,994,952	For
JPMorgan	1,923,565	For
John Hancock	1,558,072	For
BNY Mellon	1,432,842	For
TWEEDY, BROWNE FUND INC.	1,394,618	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	For
Columbia Threadneedle	1,251,615	For
Northern Trust	904,860	For
Victory Capital	867,912	For
Fidelity	832,733	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

25. Reelect Ton Buechner as Director

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

80% fund support · no official result

FOR 80%AGAINST 20%

The 121 asset managers below cast 80% of the shares they voted on this item FOR (173,807,500 for, 42,774,862 against).

FOR: 173,807,500 (80.3%)AGAINST: 42,774,862 (19.7%)

Largest asset managers voting on “Reelect Ton Buechner as Director” at NOVARTIS AG, 2024-2025
Asset manager	For	Against	Vote
Vanguard	60,051,616	0	For
BlackRock	1,032,605	37,935,887	Against
Dodge & Cox	22,669,878	0	For
Artisan	13,298,609	0	For
Goldman Sachs	10,279,647	0	For
Dimensional	7,781,262	0	For
TIAA	5,342,569	0	For
MFS	4,740,207	0	For
T. Rowe Price	4,441,787	0	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	0	For
Capital Group	3,824,664	0	For
State Street	3,479,229	0	For
JANUS INVESTMENT FUND	3,254,285	0	For
Six Circles Trust	0	3,022,137	Against
Thornburg	2,684,508	0	For
DWS	1,994,952	0	For
JPMorgan	1,923,565	0	For
John Hancock	1,558,072	0	For
BNY Mellon	1,432,842	0	For
TWEEDY, BROWNE FUND INC.	1,394,618	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	0	For
Columbia Threadneedle	1,251,615	0	For
Northern Trust	904,860	0	For
Victory Capital	867,912	0	For
Fidelity	832,733	0	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

26. Appoint John Young as Member of the Compensation Committee

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 120 asset managers below cast 100% of the shares they voted on this item FOR (216,581,817 for, 0 against).

FOR: 216,581,817 (100.0%)

Largest asset managers voting on “Appoint John Young as Member of the Compensation Committee” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	60,051,616	For
BlackRock	38,968,492	For
Dodge & Cox	22,669,878	For
Artisan	13,298,609	For
Goldman Sachs	10,279,647	For
Dimensional	7,781,262	For
TIAA	5,342,569	For
MFS	4,740,207	For
T. Rowe Price	4,441,787	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	For
Capital Group	3,824,664	For
State Street	3,479,229	For
JANUS INVESTMENT FUND	3,254,285	For
Six Circles Trust	3,022,137	For
Thornburg	2,684,508	For
DWS	1,994,952	For
JPMorgan	1,923,565	For
John Hancock	1,558,072	For
BNY Mellon	1,432,842	For
TWEEDY, BROWNE FUND INC.	1,394,618	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	For
Columbia Threadneedle	1,251,615	For
Northern Trust	904,860	For
Victory Capital	867,912	For
Fidelity	832,733	For

Showing the 25 largest of 120 asset managers. See all 120 in the interactive database.

27. Reappoint Bridgette Heller as Member of the Compensation Committee

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

99.7% fund support · no official result

FOR 99.7%

The 120 asset managers below cast 99.7% of the shares they voted on this item FOR (215,940,242 for, 641,575 against).

FOR: 215,940,242 (99.7%)AGAINST: 641,575 (0.3%)

Largest asset managers voting on “Reappoint Bridgette Heller as Member of the Compensation Committee” at NOVARTIS AG, 2024-2025
Asset manager	For	Against	Vote
Vanguard	59,430,771	620,845	For
BlackRock	38,968,492	0	For
Dodge & Cox	22,669,878	0	For
Artisan	13,298,609	0	For
Goldman Sachs	10,279,647	0	For
Dimensional	7,781,262	0	For
TIAA	5,342,569	0	For
MFS	4,740,207	0	For
T. Rowe Price	4,441,787	0	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	0	For
Capital Group	3,824,664	0	For
State Street	3,479,229	0	For
JANUS INVESTMENT FUND	3,254,285	0	For
Six Circles Trust	3,022,137	0	For
Thornburg	2,684,508	0	For
DWS	1,994,952	0	For
JPMorgan	1,923,565	0	For
John Hancock	1,558,072	0	For
BNY Mellon	1,432,842	0	For
TWEEDY, BROWNE FUND INC.	1,394,618	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	0	For
Columbia Threadneedle	1,251,615	0	For
Northern Trust	904,860	0	For
Victory Capital	867,912	0	For
Fidelity	832,733	0	For

Showing the 25 largest of 120 asset managers. See all 120 in the interactive database.

28. Reappoint Patrice Bula as Member of the Compensation Committee

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

99.7% fund support · no official result

FOR 99.7%

The 120 asset managers below cast 99.7% of the shares they voted on this item FOR (215,940,242 for, 641,575 against).

FOR: 215,940,242 (99.7%)AGAINST: 641,575 (0.3%)

Largest asset managers voting on “Reappoint Patrice Bula as Member of the Compensation Committee” at NOVARTIS AG, 2024-2025
Asset manager	For	Against	Vote
Vanguard	59,430,771	620,845	For
BlackRock	38,968,492	0	For
Dodge & Cox	22,669,878	0	For
Artisan	13,298,609	0	For
Goldman Sachs	10,279,647	0	For
Dimensional	7,781,262	0	For
TIAA	5,342,569	0	For
MFS	4,740,207	0	For
T. Rowe Price	4,441,787	0	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	0	For
Capital Group	3,824,664	0	For
State Street	3,479,229	0	For
JANUS INVESTMENT FUND	3,254,285	0	For
Six Circles Trust	3,022,137	0	For
Thornburg	2,684,508	0	For
DWS	1,994,952	0	For
JPMorgan	1,923,565	0	For
John Hancock	1,558,072	0	For
BNY Mellon	1,432,842	0	For
TWEEDY, BROWNE FUND INC.	1,394,618	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	0	For
Columbia Threadneedle	1,251,615	0	For
Northern Trust	904,860	0	For
Victory Capital	867,912	0	For
Fidelity	832,733	0	For

Showing the 25 largest of 120 asset managers. See all 120 in the interactive database.

29. Reappoint Simon Moroney as Member of the Compensation Committee

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 120 asset managers below cast 100% of the shares they voted on this item FOR (216,581,817 for, 0 against).

FOR: 216,581,817 (100.0%)

Largest asset managers voting on “Reappoint Simon Moroney as Member of the Compensation Committee” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	60,051,616	For
BlackRock	38,968,492	For
Dodge & Cox	22,669,878	For
Artisan	13,298,609	For
Goldman Sachs	10,279,647	For
Dimensional	7,781,262	For
TIAA	5,342,569	For
MFS	4,740,207	For
T. Rowe Price	4,441,787	For
FRANKLIN MUTUAL SERIES FUNDS	4,334,525	For
Capital Group	3,824,664	For
State Street	3,479,229	For
JANUS INVESTMENT FUND	3,254,285	For
Six Circles Trust	3,022,137	For
Thornburg	2,684,508	For
DWS	1,994,952	For
JPMorgan	1,923,565	For
John Hancock	1,558,072	For
BNY Mellon	1,432,842	For
TWEEDY, BROWNE FUND INC.	1,394,618	For
HARRIS ASSOCIATES INVESTMENT TRUST	1,306,556	For
Columbia Threadneedle	1,251,615	For
Northern Trust	904,860	For
Victory Capital	867,912	For
Fidelity	832,733	For

Showing the 25 largest of 120 asset managers. See all 120 in the interactive database.

30. Transact Other Business (Voting)

CORPORATE GOVERNANCE

Meeting held 2025-03-07; no official results are on file for this meeting.

0.9% fund support · no official result

AGAINST 99%

The 96 asset managers below cast 0.9% of the shares they voted on this item FOR (1,444,208 for, 166,675,297 against).

FOR: 1,444,208 (0.9%)AGAINST: 166,675,297 (98.8%)ABSTAIN: 623,223 (0.4%)

Largest asset managers voting on “Transact Other Business (Voting)” at NOVARTIS AG, 2024-2025
Asset manager	For	Against	Vote
Vanguard	0	60,051,616	Against
Dodge & Cox	0	22,669,878	Against
Artisan	0	13,298,609	Against
Goldman Sachs	0	10,279,647	Against
Dimensional	0	7,781,262	Against
TIAA	0	5,342,569	Against
MFS	0	4,740,207	Against
T. Rowe Price	0	4,441,787	Against
FRANKLIN MUTUAL SERIES FUNDS	0	4,334,525	Against
Capital Group	0	3,824,664	Against
State Street	0	3,479,229	Against
JANUS INVESTMENT FUND	0	3,254,285	Against
Thornburg	0	2,684,508	Against
DWS	0	1,994,952	Against
BNY Mellon	0	1,432,842	Against
TWEEDY, BROWNE FUND INC.	1,394,618	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	0	1,306,556	Against
Columbia Threadneedle	0	1,251,615	Against
Northern Trust	0	904,860	Against
Victory Capital	0	867,912	Against
Fidelity	0	832,733	Against
Thrivent	0	822,187	Against
Franklin Templeton	0	764,148	Against
Northwestern Mutual	0	661,012	Against
American Century	0	660,415	Against

Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.

31. 7B. Binding vote on the maximum aggregate amount of compensation for the Executive Committee for the 2026 financial year.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-03-07; no official results are on file for this meeting.

Combines 4 wordings of this item as funds reported it.

99.8% fund support · no official result

FOR 91%7%

The 72 asset managers below cast 99.8% of the shares they voted on this item FOR (3,631,375 for, 6,594 against).

FOR: 3,631,375 (90.5%)AGAINST: 6,594 (0.2%)ABSTAIN: 441 (0.0%)NOT VOTED: 291,840 (7.3%)UNKNOWN: 81,877 (2.0%)

Largest asset managers voting on “7B. Binding vote on the maximum aggregate amount of compensation for the Executive Committee for the 2026 fina” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Loomis Sayles	1,450,519	For
Jackson National	401,178	For
AMANA MUTUAL FUNDS TRUST	295,400	For
PRIMECAP Odyssey Funds	0	Not Voted
CULLEN FUNDS TRUST	260,583	For
ADVISORS SERIES TRUST	169,493	For
Coleford Investment Management Ltd.	144,940	For
EXENCIAL WEALTH ADVISORS, LLC	111,870	For
UNITED CAPITAL FINANCIAL ADVISORS, LLC	104,043	For
John Hancock	89,758	For
Gabelli	84,500	For
ZEVIN ASSET MANAGEMENT LLC	0	Unknown
BlackRock	68,681	For
Investment Managers Series Trust	40,000	For
Amplify ETF Trust	39,955	For
Natixis	34,975	For
TRUST FOR PROFESSIONAL MANAGERS	27,281	For
Penobscot Investment Management Company, Inc.	24,867	For
PROFESSIONALLY MANAGED PORTFOLIOS	24,480	For
ALBERT D MASON INC	22,622	For
ELEVATION POINT WEALTH PARTNERS, LLC	22,206	For
MITCHELL & PAHL PRIVATE WEALTH, LLC	22,179	For
MUTUAL FUND SERIES TRUST	22,002	For
apricus wealth, LLC	21,458	For
Pacer Funds Trust	20,105	For

Showing the 25 largest of 72 asset managers. See all 72 in the interactive database.

32. 8F. Re-election of Bridgette Heller.

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

90% fund support · no official result

FOR 17%NOT VOTED 81%

The 65 asset managers below cast 90% of the shares they voted on this item FOR (7,402,166 for, 800,126 against).

FOR: 7,402,166 (17.3%)AGAINST: 800,126 (1.9%)ABSTAIN: 348 (0.0%)NOT VOTED: 34,519,664 (80.6%)UNKNOWN: 81,877 (0.2%)

Largest asset managers voting on “8F. Re-election of Bridgette Heller.” at NOVARTIS AG, 2024-2025
Asset manager	For	Against	Vote
Vanguard	507,024	0	Not Voted
Charles Schwab	0	0	Not Voted
Hartford	2,611,321	0	For
Loomis Sayles	1,450,519	0	For
SEI	145,625	0	Not Voted
Russell Investments	0	0	Not Voted
Jackson National	401,178	0	For
Federated Hermes	0	342,205	Against
IMPAX FUNDS SERIES TRUST I	341,076	0	For
AMANA MUTUAL FUNDS TRUST	295,400	0	For
PRIMECAP Odyssey Funds	0	0	Not Voted
DOMINI INVESTMENT TRUST	0	281,753	Against
CULLEN FUNDS TRUST	260,583	0	For
Empower	246,500	0	For
Mercer Funds	239,977	0	For
Pacific Life	0	0	Not Voted
Fidelity	0	0	Not Voted
ADVISORS SERIES TRUST	169,493	0	For
Datum One Series Trust	0	155,235	Against
John Hancock	89,758	0	For
Gabelli	84,500	0	For
Brighthouse	8,645	0	Not Voted
ZEVIN ASSET MANAGEMENT LLC	0	0	Unknown
PACE SELECT ADVISORS TRUST	129	0	Not Voted
TCW FUNDS INC	73,639	0	For

Showing the 25 largest of 65 asset managers. See all 65 in the interactive database.

33. 8K. Re-election of John D. Young.

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

98% fund support · no official result

FOR 19%NOT VOTED 81%

The 65 asset managers below cast 98% of the shares they voted on this item FOR (8,026,124 for, 176,168 against).

FOR: 8,026,124 (18.8%)AGAINST: 176,168 (0.4%)ABSTAIN: 348 (0.0%)NOT VOTED: 34,519,664 (80.6%)UNKNOWN: 81,877 (0.2%)

Largest asset managers voting on “8K. Re-election of John D. Young.” at NOVARTIS AG, 2024-2025
Asset manager	For	Against	Vote
Vanguard	507,024	0	Not Voted
Charles Schwab	0	0	Not Voted
Hartford	2,611,321	0	For
Loomis Sayles	1,450,519	0	For
SEI	145,625	0	Not Voted
Russell Investments	0	0	Not Voted
Jackson National	401,178	0	For
Federated Hermes	342,205	0	For
IMPAX FUNDS SERIES TRUST I	341,076	0	For
AMANA MUTUAL FUNDS TRUST	295,400	0	For
PRIMECAP Odyssey Funds	0	0	Not Voted
DOMINI INVESTMENT TRUST	281,753	0	For
CULLEN FUNDS TRUST	260,583	0	For
Empower	246,500	0	For
Mercer Funds	239,977	0	For
Pacific Life	0	0	Not Voted
Fidelity	0	0	Not Voted
ADVISORS SERIES TRUST	169,493	0	For
Datum One Series Trust	0	155,235	Against
John Hancock	89,758	0	For
Gabelli	84,500	0	For
Brighthouse	8,645	0	Not Voted
ZEVIN ASSET MANAGEMENT LLC	0	0	Unknown
PACE SELECT ADVISORS TRUST	129	0	Not Voted
TCW FUNDS INC	73,639	0	For

Showing the 25 largest of 65 asset managers. See all 65 in the interactive database.

34. 8D. Re-election of Patrice Bula.

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

98% fund support · no official result

FOR 19%NOT VOTED 81%

The 65 asset managers below cast 98% of the shares they voted on this item FOR (8,026,124 for, 176,168 against).

FOR: 8,026,124 (18.8%)AGAINST: 176,168 (0.4%)ABSTAIN: 348 (0.0%)NOT VOTED: 34,519,664 (80.6%)UNKNOWN: 81,877 (0.2%)

Largest asset managers voting on “8D. Re-election of Patrice Bula.” at NOVARTIS AG, 2024-2025
Asset manager	For	Against	Vote
Vanguard	507,024	0	Not Voted
Charles Schwab	0	0	Not Voted
Hartford	2,611,321	0	For
Loomis Sayles	1,450,519	0	For
SEI	145,625	0	Not Voted
Russell Investments	0	0	Not Voted
Jackson National	401,178	0	For
Federated Hermes	342,205	0	For
IMPAX FUNDS SERIES TRUST I	341,076	0	For
AMANA MUTUAL FUNDS TRUST	295,400	0	For
PRIMECAP Odyssey Funds	0	0	Not Voted
DOMINI INVESTMENT TRUST	281,753	0	For
CULLEN FUNDS TRUST	260,583	0	For
Empower	246,500	0	For
Mercer Funds	239,977	0	For
Pacific Life	0	0	Not Voted
Fidelity	0	0	Not Voted
ADVISORS SERIES TRUST	169,493	0	For
Datum One Series Trust	0	155,235	Against
John Hancock	89,758	0	For
Gabelli	84,500	0	For
Brighthouse	8,645	0	Not Voted
ZEVIN ASSET MANAGEMENT LLC	0	0	Unknown
PACE SELECT ADVISORS TRUST	129	0	Not Voted
TCW FUNDS INC	73,639	0	For

Showing the 25 largest of 65 asset managers. See all 65 in the interactive database.

35. 8I. Re-election of Simon Moroney.

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

98% fund support · no official result

FOR 19%NOT VOTED 81%

The 65 asset managers below cast 98% of the shares they voted on this item FOR (8,026,124 for, 176,168 against).

FOR: 8,026,124 (18.8%)AGAINST: 176,168 (0.4%)ABSTAIN: 348 (0.0%)NOT VOTED: 34,519,664 (80.6%)UNKNOWN: 81,877 (0.2%)

Largest asset managers voting on “8I. Re-election of Simon Moroney.” at NOVARTIS AG, 2024-2025
Asset manager	For	Against	Vote
Vanguard	507,024	0	Not Voted
Charles Schwab	0	0	Not Voted
Hartford	2,611,321	0	For
Loomis Sayles	1,450,519	0	For
SEI	145,625	0	Not Voted
Russell Investments	0	0	Not Voted
Jackson National	401,178	0	For
Federated Hermes	342,205	0	For
IMPAX FUNDS SERIES TRUST I	341,076	0	For
AMANA MUTUAL FUNDS TRUST	295,400	0	For
PRIMECAP Odyssey Funds	0	0	Not Voted
DOMINI INVESTMENT TRUST	281,753	0	For
CULLEN FUNDS TRUST	260,583	0	For
Empower	246,500	0	For
Mercer Funds	239,977	0	For
Pacific Life	0	0	Not Voted
Fidelity	0	0	Not Voted
ADVISORS SERIES TRUST	169,493	0	For
Datum One Series Trust	0	155,235	Against
John Hancock	89,758	0	For
Gabelli	84,500	0	For
Brighthouse	8,645	0	Not Voted
ZEVIN ASSET MANAGEMENT LLC	0	0	Unknown
PACE SELECT ADVISORS TRUST	129	0	Not Voted
TCW FUNDS INC	73,639	0	For

Showing the 25 largest of 65 asset managers. See all 65 in the interactive database.

36. 7A. Binding vote on the maximum aggregate amount of compensation for the Board of Directors from the 2025 Annual General Meeting to the 2026 Annual General Meeting.

COMPENSATION

Meeting held 2025-03-07; no official results are on file for this meeting.

Combines 5 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 90%7%

The 64 asset managers below cast 99.9% of the shares they voted on this item FOR (3,521,980 for, 3,331 against).

FOR: 3,521,980 (90.3%)AGAINST: 3,331 (0.1%)ABSTAIN: 441 (0.0%)NOT VOTED: 291,840 (7.5%)UNKNOWN: 81,877 (2.1%)

Largest asset managers voting on “7A. Binding vote on the maximum aggregate amount of compensation for the Board of Directors from the 2025 Annu” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Loomis Sayles	1,450,519	For
Jackson National	401,178	For
AMANA MUTUAL FUNDS TRUST	295,400	For
PRIMECAP Odyssey Funds	0	Not Voted
CULLEN FUNDS TRUST	260,583	For
ADVISORS SERIES TRUST	169,493	For
EXENCIAL WEALTH ADVISORS, LLC	111,870	For
UNITED CAPITAL FINANCIAL ADVISORS, LLC	104,043	For
John Hancock	89,758	For
Gabelli	84,500	For
ZEVIN ASSET MANAGEMENT LLC	0	Unknown
BlackRock	68,681	For
Investment Managers Series Trust	40,000	For
Amplify ETF Trust	39,955	For
Natixis	34,975	For
Live Oak Private Wealth LLC	31,833	For
TRUST FOR PROFESSIONAL MANAGERS	27,281	For
Penobscot Investment Management Company, Inc.	24,867	For
PROFESSIONALLY MANAGED PORTFOLIOS	24,480	For
Cascade Investment Advisors, Inc.	23,065	For
ALBERT D MASON INC	22,622	For
ELEVATION POINT WEALTH PARTNERS, LLC	22,206	For
MITCHELL & PAHL PRIVATE WEALTH, LLC	22,179	For
MUTUAL FUND SERIES TRUST	22,002	For
apricus wealth, LLC	21,458	For

Showing the 25 largest of 64 asset managers. See all 64 in the interactive database.

37. 8J. Re-election of Ana de Pro Gonzalo.

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 19%NOT VOTED 81%

The 64 asset managers below cast 100% of the shares they voted on this item FOR (8,188,497 for, 0 against).

FOR: 8,188,497 (19.1%)ABSTAIN: 348 (0.0%)NOT VOTED: 34,519,664 (80.7%)UNKNOWN: 81,877 (0.2%)

Largest asset managers voting on “8J. Re-election of Ana de Pro Gonzalo.” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	507,024	Not Voted
Charles Schwab	0	Not Voted
Hartford	2,611,321	For
Loomis Sayles	1,450,519	For
SEI	145,625	Not Voted
Russell Investments	0	Not Voted
Jackson National	401,178	For
Federated Hermes	342,205	For
IMPAX FUNDS SERIES TRUST I	341,076	For
AMANA MUTUAL FUNDS TRUST	295,400	For
PRIMECAP Odyssey Funds	0	Not Voted
DOMINI INVESTMENT TRUST	281,753	For
CULLEN FUNDS TRUST	260,583	For
Empower	246,500	For
Mercer Funds	239,977	For
Pacific Life	0	Not Voted
Fidelity	0	Not Voted
ADVISORS SERIES TRUST	169,493	For
Datum One Series Trust	155,235	For
John Hancock	89,758	For
Gabelli	84,500	For
Brighthouse	8,645	Not Voted
ZEVIN ASSET MANAGEMENT LLC	0	Unknown
PACE SELECT ADVISORS TRUST	129	Not Voted
TCW FUNDS INC	73,639	For

Showing the 25 largest of 64 asset managers. See all 64 in the interactive database.

38. 8G. Re-election of Daniel Hochstrasser.

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

88% fund support · no official result

FOR 17%NOT VOTED 81%

The 64 asset managers below cast 88% of the shares they voted on this item FOR (7,223,463 for, 965,034 against).

FOR: 7,223,463 (16.9%)AGAINST: 965,034 (2.3%)ABSTAIN: 348 (0.0%)NOT VOTED: 34,519,664 (80.7%)UNKNOWN: 81,877 (0.2%)

Largest asset managers voting on “8G. Re-election of Daniel Hochstrasser.” at NOVARTIS AG, 2024-2025
Asset manager	For	Against	Vote
Vanguard	507,024	0	Not Voted
Charles Schwab	0	0	Not Voted
Hartford	2,611,321	0	For
Loomis Sayles	1,450,519	0	For
SEI	145,625	0	Not Voted
Russell Investments	0	0	Not Voted
Jackson National	401,178	0	For
Federated Hermes	0	342,205	Against
IMPAX FUNDS SERIES TRUST I	0	341,076	Against
AMANA MUTUAL FUNDS TRUST	295,400	0	For
PRIMECAP Odyssey Funds	0	0	Not Voted
DOMINI INVESTMENT TRUST	0	281,753	Against
CULLEN FUNDS TRUST	260,583	0	For
Empower	246,500	0	For
Mercer Funds	239,977	0	For
Pacific Life	0	0	Not Voted
Fidelity	0	0	Not Voted
ADVISORS SERIES TRUST	169,493	0	For
Datum One Series Trust	155,235	0	For
John Hancock	89,758	0	For
Gabelli	84,500	0	For
Brighthouse	8,645	0	Not Voted
ZEVIN ASSET MANAGEMENT LLC	0	0	Unknown
PACE SELECT ADVISORS TRUST	129	0	Not Voted
TCW FUNDS INC	73,639	0	For

Showing the 25 largest of 64 asset managers. See all 64 in the interactive database.

39. 8E. Re-election of Elizabeth Doherty.

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 19%NOT VOTED 81%

The 64 asset managers below cast 100% of the shares they voted on this item FOR (8,188,497 for, 0 against).

FOR: 8,188,497 (19.1%)ABSTAIN: 348 (0.0%)NOT VOTED: 34,519,664 (80.7%)UNKNOWN: 81,877 (0.2%)

Largest asset managers voting on “8E. Re-election of Elizabeth Doherty.” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	507,024	Not Voted
Charles Schwab	0	Not Voted
Hartford	2,611,321	For
Loomis Sayles	1,450,519	For
SEI	145,625	Not Voted
Russell Investments	0	Not Voted
Jackson National	401,178	For
Federated Hermes	342,205	For
IMPAX FUNDS SERIES TRUST I	341,076	For
AMANA MUTUAL FUNDS TRUST	295,400	For
PRIMECAP Odyssey Funds	0	Not Voted
DOMINI INVESTMENT TRUST	281,753	For
CULLEN FUNDS TRUST	260,583	For
Empower	246,500	For
Mercer Funds	239,977	For
Pacific Life	0	Not Voted
Fidelity	0	Not Voted
ADVISORS SERIES TRUST	169,493	For
Datum One Series Trust	155,235	For
John Hancock	89,758	For
Gabelli	84,500	For
Brighthouse	8,645	Not Voted
ZEVIN ASSET MANAGEMENT LLC	0	Unknown
PACE SELECT ADVISORS TRUST	129	Not Voted
TCW FUNDS INC	73,639	For

Showing the 25 largest of 64 asset managers. See all 64 in the interactive database.

40. 8L. Election of Elizabeth McNally.

DIRECTOR ELECTIONS

Meeting held 2025-03-07; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 19%NOT VOTED 81%

The 64 asset managers below cast 100% of the shares they voted on this item FOR (8,188,497 for, 0 against).

FOR: 8,188,497 (19.1%)ABSTAIN: 348 (0.0%)NOT VOTED: 34,519,664 (80.7%)UNKNOWN: 81,877 (0.2%)

Largest asset managers voting on “8L. Election of Elizabeth McNally.” at NOVARTIS AG, 2024-2025
Asset manager	For	Vote
Vanguard	507,024	Not Voted
Charles Schwab	0	Not Voted
Hartford	2,611,321	For
Loomis Sayles	1,450,519	For
SEI	145,625	Not Voted
Russell Investments	0	Not Voted
Jackson National	401,178	For
Federated Hermes	342,205	For
IMPAX FUNDS SERIES TRUST I	341,076	For
AMANA MUTUAL FUNDS TRUST	295,400	For
PRIMECAP Odyssey Funds	0	Not Voted
DOMINI INVESTMENT TRUST	281,753	For
CULLEN FUNDS TRUST	260,583	For
Empower	246,500	For
Mercer Funds	239,977	For
Pacific Life	0	Not Voted
Fidelity	0	Not Voted
ADVISORS SERIES TRUST	169,493	For
Datum One Series Trust	155,235	For
John Hancock	89,758	For
Gabelli	84,500	For
Brighthouse	8,645	Not Voted
ZEVIN ASSET MANAGEMENT LLC	0	Unknown
PACE SELECT ADVISORS TRUST	129	Not Voted
TCW FUNDS INC	73,639	For

Showing the 25 largest of 64 asset managers. See all 64 in the interactive database.

Showing the 40 reported items with the widest manager coverage, of 93 in total. View every item.

Largest NOVARTIS AG shareholders voting in 2024-2025

Ranked by the number of NOVARTIS AG shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 2,044,033,986 shares outstanding at the time of that meeting.

Top NOVARTIS AG shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	Northern Trust	0.10%
2	Cullen Capital Management, LLC	0.09%
3	BlackRock	0.08%
4	Loomis Sayles	0.07%
5	ENVESTNET ASSET MANAGEMENT INC	0.06%
6	Natixis	0.04%
7	D.A. DAVIDSON & CO.	0.04%
8	TRUIST FINANCIAL CORP	0.03%
9	BRISTOL JOHN W & CO INC /NY/	0.02%
10	Jackson National	0.02%

Reported NOVARTIS AG ownership

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

NOVARTIS AG beneficial owners on record for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	6.83%	13G

Percentages above are of 2,044,033,986 shares outstanding, as reported by NOVARTIS AG on its Form 20-F dated 2023-12-31 (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 NOVARTIS AG’s 20-F dated 2023-12-31. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.

At NOVARTIS AG's shareholder meeting held 2025-03-07, in the 2024-2025 proxy season, 687 asset managers reported how they voted in their SEC Form N-PX filings, covering 22,068 separate fund positions. Their filings are grouped here into 93 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — 7C. Advisory vote on the 2024 Compensation Report. — the reporting funds cast 99.5% of the shares they voted in favour (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). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

NOVARTIS AG proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.