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Novartis AG 2025-2026 Proxy Voting Records

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

108Reported items
699Asset managers
20,156Fund votes
2026-03-06Meeting 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 2025-2026 meeting

Each item below shows how the 699 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. 5C. Advisory vote on the 2025 Compensation Report

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2026-03-06; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 493 asset managers below cast 99.9% of the shares they voted on this item FOR (108,900,752 for, 29,439 against).

FOR: 108,900,752 (99.9%)AGAINST: 29,439 (0.0%)ABSTAIN: 15,126 (0.0%)UNKNOWN: 64,038 (0.1%)

Largest asset managers voting on “5C. Advisory vote on the 2025 Compensation Report” at Novartis AG, 2025-2026
Asset manager	For	Against	Abstain	Vote
BlackRock	63,430,400	0	3,314	For
National Pension Service	11,104,120	0	0	For
Six Circles Trust	3,823,826	0	0	For
Northern Trust	3,198,272	0	0	For
Natixis	1,789,528	0	0	For
Cullen Capital Management, LLC	1,731,725	0	0	For
Loomis Sayles	1,514,240	0	0	For
Edward D. Jones & Co., L.P.	1,375,747	0	0	For
RAYMOND JAMES & ASSOCIATES	1,287,938	0	0	For
John Hancock	1,242,319	0	0	For
ENVESTNET ASSET MANAGEMENT INC	1,215,556	0	0	For
WELLS FARGO CLEARING SERVICES, LLC	1,119,961	0	0	For
Korea Investment CORP	1,027,370	0	0	For
Jackson National	992,978	0	0	For
Bridge Builder Trust	968,391	0	0	For
HARDING LOEVNER FUNDS INC	877,735	0	0	For
TRUIST FINANCIAL CORP	846,472	0	0	For
HARDING LOEVNER LP	783,370	0	0	For
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC	516,641	0	0	For
BRISTOL JOHN W & CO INC /NY/	376,038	0	0	For
WELLS FARGO BANK N A	334,899	0	0	For
HARBOR FUNDS	332,501	0	0	For
1832 Asset Management L.P.	318,026	0	5,978	For
Corient Private Wealth LP	322,939	622	0	For
LPL Financial LLC	300,743	0	0	For

Showing the 25 largest of 493 asset managers. See all 493 in the interactive database.

2. APPROVE REMUNERATION REPORT

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 107 asset managers below cast 100% of the shares they voted on this item FOR (252,001,213 for, 0 against).

FOR: 252,001,213 (100.0%)ABSTAIN: 8,179 (0.0%)

Largest asset managers voting on “APPROVE REMUNERATION REPORT” at Novartis AG, 2025-2026
Asset manager	For	Vote
BlackRock	88,308,643	For
Vanguard	62,805,679	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
JPMorgan	8,614,631	For
Fidelity	5,615,609	For
MFS	5,597,960	For
APG Asset Management US Inc.	5,439,903	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

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

COMPENSATION

Meeting held 2026-03-06; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 102 asset managers below cast 99.9% of the shares they voted on this item FOR (198,034,811 for, 8,179 against).

FOR: 198,034,811 (100.0%)AGAINST: 8,179 (0.0%)

Largest asset managers voting on “Approve Remuneration of Executive Committee in the Amount of CHF 95 Million” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
APG Asset Management US Inc.	5,439,903	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For

Showing the 25 largest of 102 asset managers. See all 102 in the interactive database.

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

COMPENSATION

Meeting held 2026-03-06; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 100 asset managers below cast 99.9% of the shares they voted on this item FOR (192,570,560 for, 8,179 against).

FOR: 192,570,560 (100.0%)AGAINST: 8,179 (0.0%)

Largest asset managers voting on “Approve Remuneration of Directors in the Amount of CHF 8.2 Million” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

5. Appoint Elizabeth McNally as Member of the Compensation Committee

DIRECTOR ELECTIONSCORPORATE GOVERNANCE

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 99 asset managers below cast 100% of the shares they voted on this item FOR (192,555,872 for, 0 against).

FOR: 192,555,872 (100.0%)

Largest asset managers voting on “Appoint Elizabeth McNally as Member of the Compensation Committee” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 99 asset managers. See all 99 in the interactive database.

6. Designate Peter Zahn as Independent Proxy

CORPORATE GOVERNANCE

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 99 asset managers below cast 100% of the shares they voted on this item FOR (192,563,481 for, 0 against).

FOR: 192,563,481 (100.0%)

Largest asset managers voting on “Designate Peter Zahn as Independent Proxy” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 99 asset managers. See all 99 in the interactive database.

7. Elect Charles Swanton as Director

DIRECTOR ELECTIONS

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 99 asset managers below cast 100% of the shares they voted on this item FOR (192,563,481 for, 0 against).

FOR: 192,563,481 (100.0%)

Largest asset managers voting on “Elect Charles Swanton as Director” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 99 asset managers. See all 99 in the interactive database.

8. Ratify KPMG AG as Auditors

AUDIT-RELATED

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 99 asset managers below cast 100% of the shares they voted on this item FOR (192,563,481 for, 0 against).

FOR: 192,563,481 (100.0%)

Largest asset managers voting on “Ratify KPMG AG as Auditors” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 99 asset managers. See all 99 in the interactive database.

9. Reappoint Bridgette Heller as Member of the Compensation Committee

DIRECTOR ELECTIONSCORPORATE GOVERNANCE

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 99 asset managers below cast 100% of the shares they voted on this item FOR (192,555,872 for, 0 against).

FOR: 192,555,872 (100.0%)

Largest asset managers voting on “Reappoint Bridgette Heller as Member of the Compensation Committee” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 99 asset managers. See all 99 in the interactive database.

10. Reappoint John Young as Member of the Compensation Committee

DIRECTOR ELECTIONSCORPORATE GOVERNANCE

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 99 asset managers below cast 100% of the shares they voted on this item FOR (192,555,872 for, 0 against).

FOR: 192,555,872 (100.0%)

Largest asset managers voting on “Reappoint John Young as Member of the Compensation Committee” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 99 asset managers. See all 99 in the interactive database.

11. Reappoint Patrice Bula as Member of the Compensation Committee

DIRECTOR ELECTIONSCORPORATE GOVERNANCE

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 99 asset managers below cast 100% of the shares they voted on this item FOR (192,555,872 for, 0 against).

FOR: 192,555,872 (100.0%)

Largest asset managers voting on “Reappoint Patrice Bula as Member of the Compensation Committee” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 99 asset managers. See all 99 in the interactive database.

12. Reappoint Simon Moroney as Member of the Compensation Committee

DIRECTOR ELECTIONSCORPORATE GOVERNANCE

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 99 asset managers below cast 100% of the shares they voted on this item FOR (192,555,872 for, 0 against).

FOR: 192,555,872 (100.0%)

Largest asset managers voting on “Reappoint Simon Moroney as Member of the Compensation Committee” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 99 asset managers. See all 99 in the interactive database.

13. Reelect Ana de Pro Gonzalo as Director

DIRECTOR ELECTIONS

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 99 asset managers below cast 100% of the shares they voted on this item FOR (192,563,481 for, 0 against).

FOR: 192,563,481 (100.0%)

Largest asset managers voting on “Reelect Ana de Pro Gonzalo as Director” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 99 asset managers. See all 99 in the interactive database.

14. Reelect John Young as Director

DIRECTOR ELECTIONS

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 99 asset managers below cast 100% of the shares they voted on this item FOR (192,563,481 for, 0 against).

FOR: 192,563,481 (100.0%)

Largest asset managers voting on “Reelect John Young as Director” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 99 asset managers. See all 99 in the interactive database.

15. Reelect Simon Moroney as Director

DIRECTOR ELECTIONS

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 99 asset managers below cast 100% of the shares they voted on this item FOR (192,563,481 for, 0 against).

FOR: 192,563,481 (100.0%)

Largest asset managers voting on “Reelect Simon Moroney as Director” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 99 asset managers. See all 99 in the interactive database.

16. Accept Financial Statements and Statutory Reports

CORPORATE GOVERNANCE

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 98 asset managers below cast 100% of the shares they voted on this item FOR (192,488,769 for, 0 against).

FOR: 192,488,769 (100.0%)

Largest asset managers voting on “Accept Financial Statements and Statutory Reports” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

17. Approve Allocation of Income and Dividends of CHF 3.70 per Share

CAPITAL STRUCTURE

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 98 asset managers below cast 100% of the shares they voted on this item FOR (192,488,769 for, 0 against).

FOR: 192,488,769 (100.0%)

Largest asset managers voting on “Approve Allocation of Income and Dividends of CHF 3.70 per Share” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

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

CAPITAL STRUCTURE

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 98 asset managers below cast 100% of the shares they voted on this item FOR (192,488,769 for, 0 against).

FOR: 192,488,769 (100.0%)

Largest asset managers voting on “Approve CHF 38 Million Reduction in Share Capital via Cancellation of Repurchased Shares” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

19. Approve Discharge of Board and Senior Management

CORPORATE GOVERNANCE

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 98 asset managers below cast 100% of the shares they voted on this item FOR (192,488,769 for, 0 against).

FOR: 192,488,769 (100.0%)

Largest asset managers voting on “Approve Discharge of Board and Senior Management” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

20. Approve Non-Financial Report

CORPORATE GOVERNANCEENVIRONMENT OR CLIMATEHUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCEDIVERSITY, EQUITY, AND INCLUSION

Meeting held 2026-03-06; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99%

The 98 asset managers below cast 99.9% of the shares they voted on this item FOR (189,953,536 for, 4 against).

FOR: 189,953,536 (98.7%)AGAINST: 4 (0.0%)ABSTAIN: 2,535,229 (1.3%)

Largest asset managers voting on “Approve Non-Financial Report” at Novartis AG, 2025-2026
Asset manager	For	Abstain	Vote
Vanguard	62,805,679	0	For
BlackRock	39,015,478	0	For
Dodge & Cox	18,127,878	0	For
Goldman Sachs	13,729,486	0	For
Fidelity	5,615,609	0	For
MFS	5,597,960	0	For
TIAA	5,310,850	0	For
Dimensional	4,295,055	0	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	0	For
JPMorgan	3,963,270	0	For
T. Rowe Price	3,949,806	0	For
JANUS INVESTMENT FUND	2,673,495	0	For
Thornburg	0	2,137,308	Abstain
DWS	1,816,026	0	For
Advisors' Inner Circle Fund III	1,574,150	0	For
Principal	1,510,684	0	For
TWEEDY, BROWNE FUND INC.	948,485	0	For
Northern Trust	859,064	0	For
AQR	794,381	0	For
Victory Capital	762,243	0	For
Northwestern Mutual	758,996	0	For
Legg Mason	739,434	0	For
Thrivent	722,050	0	For
Lincoln Financial	710,545	0	For
Columbia Threadneedle	681,119	0	For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

21. Reelect Bridgette Heller as Director

DIRECTOR ELECTIONS

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 98 asset managers below cast 100% of the shares they voted on this item FOR (192,488,769 for, 0 against).

FOR: 192,488,769 (100.0%)

Largest asset managers voting on “Reelect Bridgette Heller as Director” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

22. Reelect Elizabeth Doherty as Director

DIRECTOR ELECTIONS

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 98 asset managers below cast 100% of the shares they voted on this item FOR (192,488,769 for, 0 against).

FOR: 192,488,769 (100.0%)

Largest asset managers voting on “Reelect Elizabeth Doherty as Director” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

23. Reelect Elizabeth McNally as Director

DIRECTOR ELECTIONS

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 98 asset managers below cast 100% of the shares they voted on this item FOR (192,488,769 for, 0 against).

FOR: 192,488,769 (100.0%)

Largest asset managers voting on “Reelect Elizabeth McNally as Director” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

24. Reelect Frans van Houten as Director

DIRECTOR ELECTIONS

Meeting held 2026-03-06; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 98 asset managers below cast 99.9% of the shares they voted on this item FOR (192,400,756 for, 88,013 against).

FOR: 192,400,756 (100.0%)AGAINST: 88,013 (0.0%)

Largest asset managers voting on “Reelect Frans van Houten as Director” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

25. Reelect Giovanni Caforio as Director and Board Chair

DIRECTOR ELECTIONS

Meeting held 2026-03-06; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 98 asset managers below cast 99.9% of the shares they voted on this item FOR (192,488,769 for, 0 against).

FOR: 192,488,769 (100.0%)AGAINST: 0 (0.0%)

Largest asset managers voting on “Reelect Giovanni Caforio as Director and Board Chair” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

26. Reelect Nancy Andrews as Director

DIRECTOR ELECTIONS

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 98 asset managers below cast 100% of the shares they voted on this item FOR (192,488,769 for, 0 against).

FOR: 192,488,769 (100.0%)

Largest asset managers voting on “Reelect Nancy Andrews as Director” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

27. Reelect Patrice Bula as Director

DIRECTOR ELECTIONS

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 98 asset managers below cast 100% of the shares they voted on this item FOR (192,488,769 for, 0 against).

FOR: 192,488,769 (100.0%)

Largest asset managers voting on “Reelect Patrice Bula as Director” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

28. Reelect Ton Buechner as Director

DIRECTOR ELECTIONS

Meeting held 2026-03-06; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 98 asset managers below cast 100% of the shares they voted on this item FOR (192,488,769 for, 0 against).

FOR: 192,488,769 (100.0%)

Largest asset managers voting on “Reelect Ton Buechner as Director” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	62,805,679	For
BlackRock	39,015,478	For
Dodge & Cox	18,127,878	For
Goldman Sachs	13,729,486	For
Fidelity	5,615,609	For
MFS	5,597,960	For
TIAA	5,310,850	For
Dimensional	4,295,055	For
FRANKLIN MUTUAL SERIES FUNDS	4,079,426	For
JPMorgan	3,963,270	For
T. Rowe Price	3,949,806	For
JANUS INVESTMENT FUND	2,673,495	For
Thornburg	2,137,308	For
DWS	1,816,026	For
Advisors' Inner Circle Fund III	1,574,150	For
Principal	1,510,684	For
TWEEDY, BROWNE FUND INC.	948,485	For
Northern Trust	859,064	For
AQR	794,381	For
Victory Capital	762,243	For
Northwestern Mutual	758,996	For
Legg Mason	739,434	For
Thrivent	722,050	For
Lincoln Financial	710,545	For
Columbia Threadneedle	681,119	For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

29. Transact Other Business (Voting)

CORPORATE GOVERNANCE

Meeting held 2026-03-06; no official results are on file for this meeting.

0.7% fund support · no official result

AGAINST 79%ABSTAIN 21%

The 98 asset managers below cast 0.7% of the shares they voted on this item FOR (986,754 for, 151,817,894 against).

FOR: 986,754 (0.5%)AGAINST: 151,817,894 (78.8%)ABSTAIN: 39,751,179 (20.6%)

Largest asset managers voting on “Transact Other Business (Voting)” at Novartis AG, 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	0	62,805,679	0	Against
BlackRock	0	0	39,015,478	Abstain
Dodge & Cox	0	18,127,878	0	Against
Goldman Sachs	0	13,729,486	0	Against
Fidelity	0	5,615,609	0	Against
MFS	0	5,597,960	0	Against
TIAA	0	5,310,850	0	Against
Dimensional	0	4,295,055	0	Against
FRANKLIN MUTUAL SERIES FUNDS	0	4,079,426	0	Against
JPMorgan	0	3,963,270	0	Against
T. Rowe Price	0	3,949,806	0	Against
JANUS INVESTMENT FUND	0	2,673,495	0	Against
Thornburg	0	2,137,308	0	Against
DWS	0	1,816,026	0	Against
Advisors' Inner Circle Fund III	0	1,574,150	0	Against
Principal	0	1,510,684	0	Against
TWEEDY, BROWNE FUND INC.	948,485	0	0	For
Northern Trust	0	859,064	0	Against
AQR	0	794,381	0	Against
Victory Capital	0	762,243	0	Against
Northwestern Mutual	0	758,996	0	Against
Legg Mason	0	739,434	0	Against
Thrivent	0	722,050	0	Against
Lincoln Financial	0	703,100	7,445	Against
Columbia Threadneedle	0	681,119	0	Against

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

30. 5B. Binding vote on the maximum aggregate amount of compensation for the Executive Committee for the 2027 financial year

COMPENSATION

Meeting held 2026-03-06; 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 99.4%

The 91 asset managers below cast 99.9% of the shares they voted on this item FOR (13,180,298 for, 3,727 against).

FOR: 13,180,298 (99.5%)AGAINST: 3,727 (0.0%)ABSTAIN: 93 (0.0%)UNKNOWN: 64,038 (0.5%)

Largest asset managers voting on “5B. Binding vote on the maximum aggregate amount of compensation for the Executive Committee for the 2027 fina” at Novartis AG, 2025-2026
Asset manager	For	Vote
Six Circles Trust	3,823,826	For
Loomis Sayles	1,514,240	For
John Hancock	1,242,319	For
Jackson National	992,978	For
Bridge Builder Trust	968,391	For
HARDING LOEVNER FUNDS INC	877,735	For
BlackRock	595,347	For
Janney Montgomery Scott LLC	362,489	For
HARBOR FUNDS	332,501	For
AMANA MUTUAL FUNDS TRUST	295,400	For
CULLEN FUNDS TRUST	248,653	For
Amplify ETF Trust	203,225	For
ADVISORS SERIES TRUST	186,030	For
Tidal Trust IV	174,001	For
PRIMECAP Odyssey Funds	152,600	For
First Trust	118,104	For
UNITED CAPITAL FINANCIAL ADVISORS, LLC	102,416	For
CARILLON SERIES TRUST	83,678	For
Ethic Inc.	81,487	For
Gabelli	65,500	For
Natixis	64,586	For
ZEVIN ASSET MANAGEMENT LLC	0	Unknown
EA Series Trust	60,249	For
Tema ETF Trust	58,555	For
TRUST FOR PROFESSIONAL MANAGERS	56,231	For

Showing the 25 largest of 91 asset managers. See all 91 in the interactive database.

31. 5A. Binding vote on the maximum aggregate amount of compensation for the Board of Directors from the 2026 Annual General Meeting to the 2027 Annual General Meeting

COMPENSATION

Meeting held 2026-03-06; 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 99.5%

The 83 asset managers below cast 99.9% of the shares they voted on this item FOR (13,082,431 for, 505 against).

FOR: 13,082,431 (99.5%)AGAINST: 505 (0.0%)ABSTAIN: 93 (0.0%)UNKNOWN: 64,038 (0.5%)

Largest asset managers voting on “5A. Binding vote on the maximum aggregate amount of compensation for the Board of Directors from the 2026 Annu” at Novartis AG, 2025-2026
Asset manager	For	Vote
Six Circles Trust	3,823,826	For
Loomis Sayles	1,514,240	For
John Hancock	1,242,319	For
Jackson National	992,978	For
Bridge Builder Trust	968,391	For
HARDING LOEVNER FUNDS INC	877,735	For
BlackRock	595,347	For
Janney Montgomery Scott LLC	362,489	For
HARBOR FUNDS	332,501	For
AMANA MUTUAL FUNDS TRUST	295,400	For
CULLEN FUNDS TRUST	248,653	For
Amplify ETF Trust	203,225	For
ADVISORS SERIES TRUST	186,030	For
Tidal Trust IV	174,001	For
PRIMECAP Odyssey Funds	152,600	For
First Trust	118,104	For
UNITED CAPITAL FINANCIAL ADVISORS, LLC	102,416	For
CARILLON SERIES TRUST	83,678	For
Gabelli	65,500	For
Natixis	64,586	For
ZEVIN ASSET MANAGEMENT LLC	0	Unknown
EA Series Trust	60,249	For
Tema ETF Trust	58,555	For
TRUST FOR PROFESSIONAL MANAGERS	56,231	For
Goldman Sachs	44,898	For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

32. Re-election of Board of Director: Ana de Pro Gonzalo

DIRECTOR ELECTIONS

Meeting held 2026-03-06; 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 49.6%NOT VOTED 50.2%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (12,216,837 for, 0 against).

FOR: 12,216,837 (49.6%)NOT VOTED: 12,361,492 (50.2%)UNKNOWN: 64,038 (0.3%)

Largest asset managers voting on “Re-election of Board of Director: Ana de Pro Gonzalo” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	7,245,335	For
Charles Schwab	0	Not Voted
Loomis Sayles	1,508,074	For
SEI	90,919	Not Voted
BlackRock	344,036	For
Russell Investments	0	Not Voted
IMPAX FUNDS SERIES TRUST I	310,886	For
AMANA MUTUAL FUNDS TRUST	295,400	For
CULLEN FUNDS TRUST	248,653	For
DOMINI INVESTMENT TRUST	241,026	For
Empower	216,900	For
Amplify ETF Trust	203,225	For
Jackson National	190,569	For
VanEck ETF Trust	186,310	For
ADVISORS SERIES TRUST	186,030	For
Datum One Series Trust	166,642	For
PRIMECAP Odyssey Funds	152,600	For
Venerable Variable Insurance Trust	0	Not Voted
Fidelity	0	Not Voted
Federated Hermes	89,528	For
Nationwide	14,249	Not Voted
SEI Exchange Traded Funds	0	Not Voted
Hartford	55,424	For
Gabelli	65,500	For
ZEVIN ASSET MANAGEMENT LLC	0	Unknown

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

33. Re-election of Board of Director: Bridgette Heller

DIRECTOR ELECTIONS

Meeting held 2026-03-06; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

96% fund support · no official result

FOR 47.8%NOT VOTED 50.2%

The 60 asset managers below cast 96% of the shares they voted on this item FOR (11,775,304 for, 441,533 against).

FOR: 11,775,304 (47.8%)AGAINST: 441,533 (1.8%)NOT VOTED: 12,361,492 (50.2%)UNKNOWN: 64,038 (0.3%)

Largest asset managers voting on “Re-election of Board of Director: Bridgette Heller” at Novartis AG, 2025-2026
Asset manager	For	Against	Vote
Vanguard	7,245,335	0	For
Charles Schwab	0	0	Not Voted
Loomis Sayles	1,508,074	0	For
SEI	90,919	0	Not Voted
BlackRock	344,036	0	For
Russell Investments	0	0	Not Voted
IMPAX FUNDS SERIES TRUST I	310,886	0	For
AMANA MUTUAL FUNDS TRUST	295,400	0	For
CULLEN FUNDS TRUST	248,653	0	For
DOMINI INVESTMENT TRUST	0	241,026	Against
Empower	216,900	0	For
Amplify ETF Trust	203,225	0	For
Jackson National	190,569	0	For
VanEck ETF Trust	186,310	0	For
ADVISORS SERIES TRUST	186,030	0	For
Datum One Series Trust	0	166,642	Against
PRIMECAP Odyssey Funds	152,600	0	For
Venerable Variable Insurance Trust	0	0	Not Voted
Fidelity	0	0	Not Voted
Federated Hermes	89,528	0	For
Nationwide	14,249	0	Not Voted
SEI Exchange Traded Funds	0	0	Not Voted
Hartford	55,424	0	For
Gabelli	65,500	0	For
ZEVIN ASSET MANAGEMENT LLC	0	0	Unknown

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

34. Election of Board of Director: Charles Swanton

DIRECTOR ELECTIONS

Meeting held 2026-03-06; 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 49.6%NOT VOTED 50.2%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (12,216,837 for, 0 against).

FOR: 12,216,837 (49.6%)NOT VOTED: 12,361,492 (50.2%)UNKNOWN: 64,038 (0.3%)

Largest asset managers voting on “Election of Board of Director: Charles Swanton” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	7,245,335	For
Charles Schwab	0	Not Voted
Loomis Sayles	1,508,074	For
SEI	90,919	Not Voted
BlackRock	344,036	For
Russell Investments	0	Not Voted
IMPAX FUNDS SERIES TRUST I	310,886	For
AMANA MUTUAL FUNDS TRUST	295,400	For
CULLEN FUNDS TRUST	248,653	For
DOMINI INVESTMENT TRUST	241,026	For
Empower	216,900	For
Amplify ETF Trust	203,225	For
Jackson National	190,569	For
VanEck ETF Trust	186,310	For
ADVISORS SERIES TRUST	186,030	For
Datum One Series Trust	166,642	For
PRIMECAP Odyssey Funds	152,600	For
Venerable Variable Insurance Trust	0	Not Voted
Fidelity	0	Not Voted
Federated Hermes	89,528	For
Nationwide	14,249	Not Voted
SEI Exchange Traded Funds	0	Not Voted
Hartford	55,424	For
Gabelli	65,500	For
ZEVIN ASSET MANAGEMENT LLC	0	Unknown

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

35. Re-election of Board of Director: Elizabeth Doherty

DIRECTOR ELECTIONS

Meeting held 2026-03-06; 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 48.7%NOT VOTED 50.2%

The 60 asset managers below cast 98% of the shares they voted on this item FOR (11,988,694 for, 228,143 against).

FOR: 11,988,694 (48.7%)AGAINST: 228,143 (0.9%)NOT VOTED: 12,361,492 (50.2%)UNKNOWN: 64,038 (0.3%)

Largest asset managers voting on “Re-election of Board of Director: Elizabeth Doherty” at Novartis AG, 2025-2026
Asset manager	For	Against	Vote
Vanguard	7,245,335	0	For
Charles Schwab	0	0	Not Voted
Loomis Sayles	1,508,074	0	For
SEI	90,919	0	Not Voted
BlackRock	344,036	0	For
Russell Investments	0	0	Not Voted
IMPAX FUNDS SERIES TRUST I	310,886	0	For
AMANA MUTUAL FUNDS TRUST	295,400	0	For
CULLEN FUNDS TRUST	248,653	0	For
DOMINI INVESTMENT TRUST	241,026	0	For
Empower	216,900	0	For
Amplify ETF Trust	0	203,225	Against
Jackson National	190,569	0	For
VanEck ETF Trust	186,310	0	For
ADVISORS SERIES TRUST	186,030	0	For
Datum One Series Trust	166,642	0	For
PRIMECAP Odyssey Funds	152,600	0	For
Venerable Variable Insurance Trust	0	0	Not Voted
Fidelity	0	0	Not Voted
Federated Hermes	89,528	0	For
Nationwide	14,249	0	Not Voted
SEI Exchange Traded Funds	0	0	Not Voted
Hartford	55,424	0	For
Gabelli	65,500	0	For
ZEVIN ASSET MANAGEMENT LLC	0	0	Unknown

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

36. Re-election of Board of Director: Elizabeth McNally

DIRECTOR ELECTIONS

Meeting held 2026-03-06; no official results are on file for this meeting.

Combines 4 wordings of this item as funds reported it.

96% fund support · no official result

FOR 47.8%NOT VOTED 50.2%

The 60 asset managers below cast 96% of the shares they voted on this item FOR (11,775,304 for, 441,533 against).

FOR: 11,775,304 (47.8%)AGAINST: 441,533 (1.8%)NOT VOTED: 12,361,492 (50.2%)UNKNOWN: 64,038 (0.3%)

Largest asset managers voting on “Re-election of Board of Director: Elizabeth McNally” at Novartis AG, 2025-2026
Asset manager	For	Against	Vote
Vanguard	7,245,335	0	For
Charles Schwab	0	0	Not Voted
Loomis Sayles	1,508,074	0	For
SEI	90,919	0	Not Voted
BlackRock	344,036	0	For
Russell Investments	0	0	Not Voted
IMPAX FUNDS SERIES TRUST I	310,886	0	For
AMANA MUTUAL FUNDS TRUST	295,400	0	For
CULLEN FUNDS TRUST	248,653	0	For
DOMINI INVESTMENT TRUST	0	241,026	Against
Empower	216,900	0	For
Amplify ETF Trust	203,225	0	For
Jackson National	190,569	0	For
VanEck ETF Trust	186,310	0	For
ADVISORS SERIES TRUST	186,030	0	For
Datum One Series Trust	0	166,642	Against
PRIMECAP Odyssey Funds	152,600	0	For
Venerable Variable Insurance Trust	0	0	Not Voted
Fidelity	0	0	Not Voted
Federated Hermes	89,528	0	For
Nationwide	14,249	0	Not Voted
SEI Exchange Traded Funds	0	0	Not Voted
Hartford	55,424	0	For
Gabelli	65,500	0	For
ZEVIN ASSET MANAGEMENT LLC	0	0	Unknown

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

37. Re-election of Board of Director: Frans van Houten

DIRECTOR ELECTIONS

Meeting held 2026-03-06; 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 48.6%NOT VOTED 50.2%

The 60 asset managers below cast 98% of the shares they voted on this item FOR (11,975,273 for, 241,564 against).

FOR: 11,975,273 (48.6%)AGAINST: 241,564 (1.0%)NOT VOTED: 12,361,492 (50.2%)UNKNOWN: 64,038 (0.3%)

Largest asset managers voting on “Re-election of Board of Director: Frans van Houten” at Novartis AG, 2025-2026
Asset manager	For	Against	Vote
Vanguard	7,245,335	0	For
Charles Schwab	0	0	Not Voted
Loomis Sayles	1,508,074	0	For
SEI	90,919	0	Not Voted
BlackRock	344,036	0	For
Russell Investments	0	0	Not Voted
IMPAX FUNDS SERIES TRUST I	310,886	0	For
AMANA MUTUAL FUNDS TRUST	295,400	0	For
CULLEN FUNDS TRUST	248,653	0	For
DOMINI INVESTMENT TRUST	0	241,026	Against
Empower	216,900	0	For
Amplify ETF Trust	203,225	0	For
Jackson National	190,569	0	For
VanEck ETF Trust	186,310	0	For
ADVISORS SERIES TRUST	186,030	0	For
Datum One Series Trust	166,642	0	For
PRIMECAP Odyssey Funds	152,600	0	For
Venerable Variable Insurance Trust	0	0	Not Voted
Fidelity	0	0	Not Voted
Federated Hermes	89,528	0	For
Nationwide	14,249	0	Not Voted
SEI Exchange Traded Funds	0	0	Not Voted
Hartford	55,424	0	For
Gabelli	65,500	0	For
ZEVIN ASSET MANAGEMENT LLC	0	0	Unknown

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

38. Re-election of Board of Director: John D. Young

DIRECTOR ELECTIONS

Meeting held 2026-03-06; 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 48.8%NOT VOTED 50.2%

The 60 asset managers below cast 98% of the shares they voted on this item FOR (12,016,330 for, 200,507 against).

FOR: 12,016,330 (48.8%)AGAINST: 200,507 (0.8%)NOT VOTED: 12,361,492 (50.2%)UNKNOWN: 64,038 (0.3%)

Largest asset managers voting on “Re-election of Board of Director: John D. Young” at Novartis AG, 2025-2026
Asset manager	For	Against	Vote
Vanguard	7,245,335	0	For
Charles Schwab	0	0	Not Voted
Loomis Sayles	1,508,074	0	For
SEI	90,919	0	Not Voted
BlackRock	344,036	0	For
Russell Investments	0	0	Not Voted
IMPAX FUNDS SERIES TRUST I	310,886	0	For
AMANA MUTUAL FUNDS TRUST	295,400	0	For
CULLEN FUNDS TRUST	248,653	0	For
DOMINI INVESTMENT TRUST	241,026	0	For
Empower	216,900	0	For
Amplify ETF Trust	203,225	0	For
Jackson National	190,569	0	For
VanEck ETF Trust	186,310	0	For
ADVISORS SERIES TRUST	186,030	0	For
Datum One Series Trust	0	166,642	Against
PRIMECAP Odyssey Funds	152,600	0	For
Venerable Variable Insurance Trust	0	0	Not Voted
Fidelity	0	0	Not Voted
Federated Hermes	89,528	0	For
Nationwide	14,249	0	Not Voted
SEI Exchange Traded Funds	0	0	Not Voted
Hartford	55,424	0	For
Gabelli	65,500	0	For
ZEVIN ASSET MANAGEMENT LLC	0	0	Unknown

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

39. Re-election of Board of Director: Nancy C. Andrews

DIRECTOR ELECTIONS

Meeting held 2026-03-06; 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 49.6%NOT VOTED 50.2%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (12,216,837 for, 0 against).

FOR: 12,216,837 (49.6%)NOT VOTED: 12,361,492 (50.2%)UNKNOWN: 64,038 (0.3%)

Largest asset managers voting on “Re-election of Board of Director: Nancy C. Andrews” at Novartis AG, 2025-2026
Asset manager	For	Vote
Vanguard	7,245,335	For
Charles Schwab	0	Not Voted
Loomis Sayles	1,508,074	For
SEI	90,919	Not Voted
BlackRock	344,036	For
Russell Investments	0	Not Voted
IMPAX FUNDS SERIES TRUST I	310,886	For
AMANA MUTUAL FUNDS TRUST	295,400	For
CULLEN FUNDS TRUST	248,653	For
DOMINI INVESTMENT TRUST	241,026	For
Empower	216,900	For
Amplify ETF Trust	203,225	For
Jackson National	190,569	For
VanEck ETF Trust	186,310	For
ADVISORS SERIES TRUST	186,030	For
Datum One Series Trust	166,642	For
PRIMECAP Odyssey Funds	152,600	For
Venerable Variable Insurance Trust	0	Not Voted
Fidelity	0	Not Voted
Federated Hermes	89,528	For
Nationwide	14,249	Not Voted
SEI Exchange Traded Funds	0	Not Voted
Hartford	55,424	For
Gabelli	65,500	For
ZEVIN ASSET MANAGEMENT LLC	0	Unknown

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

40. Re-election of Board of Director: Patrice Bula

DIRECTOR ELECTIONS

Meeting held 2026-03-06; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

96% fund support · no official result

FOR 47.8%NOT VOTED 50.2%

The 60 asset managers below cast 96% of the shares they voted on this item FOR (11,774,766 for, 442,071 against).

FOR: 11,774,766 (47.8%)AGAINST: 442,071 (1.8%)NOT VOTED: 12,361,492 (50.2%)UNKNOWN: 64,038 (0.3%)

Largest asset managers voting on “Re-election of Board of Director: Patrice Bula” at Novartis AG, 2025-2026
Asset manager	For	Against	Vote
Vanguard	7,245,335	0	For
Charles Schwab	0	0	Not Voted
Loomis Sayles	1,508,074	0	For
SEI	90,919	0	Not Voted
BlackRock	344,036	0	For
Russell Investments	0	0	Not Voted
IMPAX FUNDS SERIES TRUST I	310,886	0	For
AMANA MUTUAL FUNDS TRUST	295,400	0	For
CULLEN FUNDS TRUST	248,653	0	For
DOMINI INVESTMENT TRUST	0	241,026	Against
Empower	216,900	0	For
Amplify ETF Trust	203,225	0	For
Jackson National	190,569	0	For
VanEck ETF Trust	186,310	0	For
ADVISORS SERIES TRUST	186,030	0	For
Datum One Series Trust	0	166,642	Against
PRIMECAP Odyssey Funds	152,600	0	For
Venerable Variable Insurance Trust	0	0	Not Voted
Fidelity	0	0	Not Voted
Federated Hermes	89,528	0	For
Nationwide	14,249	0	Not Voted
SEI Exchange Traded Funds	0	0	Not Voted
Hartford	55,424	0	For
Gabelli	65,500	0	For
ZEVIN ASSET MANAGEMENT LLC	0	0	Unknown

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

Showing the 40 reported items with the widest manager coverage, of 108 in total. View every item.

Largest Novartis AG shareholders voting in 2025-2026

Ranked by the number of Novartis AG shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 1,908,151,679 shares outstanding at the time of that meeting.

Top Novartis AG shareholders by shares voted, 2025-2026
#	Asset manager	% of shares outstanding
1	BlackRock	3.32%
2	National Pension Service	0.58%
3	Six Circles Trust	0.20%
4	Northern Trust	0.17%
5	Natixis	0.09%
6	Cullen Capital Management, LLC	0.09%
7	Loomis Sayles	0.08%
8	Edward D. Jones & Co., L.P.	0.07%
9	RAYMOND JAMES & ASSOCIATES	0.07%
10	John Hancock	0.07%

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 2025-2026 proxy season
Holder	% outstanding	Disclosure
Morgan Stanley	0.47%	13F
Dimensional Fund Advisors	0.43%	13F
Goldman Sachs	0.34%	13F
Franklin Templeton	0.18%	13F
BlackRock	0.15%	13F
Northern Trust	0.15%	13F
JPMorgan Chase	0.09%	13F
FMR (Fidelity)	0.09%	13F
State Street	0.07%	13F
Renaissance Technologies	0.06%	13F

Percentages above are of 1,908,151,679 shares outstanding, as reported by Novartis AG on its Form 20-F dated 2025-12-31 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 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 2025-12-31. 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 2026-03-06, in the 2025-2026 proxy season, 699 asset managers reported how they voted in their SEC Form N-PX filings, covering 20,156 separate fund positions. Their filings are grouped here into 108 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 — 5C. Advisory vote on the 2025 Compensation Report — the reporting funds cast 99.9% 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 · 2025-2026 (this page).