Home › Asset managers › Compare 2025-2026 › Vanguard vs Franklin Templeton
Vanguard 2025-2026 · Franklin Templeton 2025-2026 · Download the item list (CSV)
| Common items | Same | Differ | Split (not in %) | Same position | Fund-level | |
|---|---|---|---|---|---|---|
| All ballot items | 64,139 | 59,086 | 3,491 | 1,562 | 94.4% | 93.5% |
| Board proposals | 47,488 | 43,208 | 3,025 | 1,255 | 93.5% | 92.5% |
| E&S shareholder proposals | 166 | 127 | 6 | 33 | 95.5% | 88.3% |
| Other items | 16,485 | 15,751 | 460 | 274 | 97.2% | 96.4% |
Everything Voted differently Split votes
All ballot items Board proposals E&S shareholder proposals Other items
3,025 items. “Voted differently”: each manager’s funds all voted one way, and the two ways differ. “Split”: at least one manager’s funds did not all vote the same way.
| Company | Meeting | Proposal | On the ballot from | Board recommended | Vanguard | Franklin Templeton |
|---|---|---|---|---|---|---|
| Muyuan Foods Co., Ltd. | September 8, 2025 | Approve Management Measures for the Strivers Stock Ownership Plan Compensation |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| Muyuan Foods Co., Ltd. | May 13, 2026 | Approve General Mandate Granted to the Board to Issue Additional Shares Capital Structure |
Board | For | FOR 6 funds |
AGAINST 3 funds |
| NASPERS LTD | August 21, 2025 | Approve Implementation Report of the Remuneration Report Say-on-Pay |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| NATURGY ENERGY GROUP SA | March 24, 2026 | REELECT FRANCISCO REYNES MASSANET AS DIRECTOR Director Elections |
Board | For | FOR 6 funds |
AGAINST 3 funds |
| NETAPP, INC. | September 10, 2025 | To approve an amendment to NetApp's 2021 Equity Incentive Plan. Compensation |
Board | For | FOR 42 funds |
AGAINST 7 funds |
| NETEASE CLOUD MUSIC INC. | June 23, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure |
Board | For | FOR 5 funds |
AGAINST 2 funds |
| NETEASE CLOUD MUSIC INC. | June 23, 2026 | Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related |
Board | For | FOR 5 funds |
AGAINST 2 funds |
| NETEASE CLOUD MUSIC INC. | June 23, 2026 | Authorize Reissuance of Repurchased Shares Capital Structure |
Board | For | FOR 5 funds |
AGAINST 2 funds |
| NETEASE INC | June 23, 2026 | Adopt Consultant Sublimit Compensation |
Board | For | FOR 5 funds |
AGAINST 4 funds |
| NETEASE INC | June 23, 2026 | Amend and Restate the Amended and Restated 2019 Share Incentive Plan as the Second Amended and Restated 2019 Share Incentive Plan Compensation |
Board | For | FOR 5 funds |
AGAINST 4 funds |
| NETEASE INC | June 23, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure |
Board | For | FOR 5 funds |
AGAINST 4 funds |
| NEUROGENE INC. | June 3, 2026 | To ratify on an advisory (non-binding) basis the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2026. Audit-related |
Board | For | FOR 7 funds |
AGAINST 1 fund |
| NEW CHINA LIFE INSURANCE CO LTD | June 26, 2026 | Approve Deloitte Touche Tohmatsu Certified Public Accountants LLP as Domestic Auditor and Deloitte Touche Tohmatsu as International Auditor and Authorize Board to Fix Their Remuneration Audit-related |
Board | For | FOR 6 funds |
AGAINST 3 funds |
| NEXON Co., Ltd. | March 25, 2026 | Elect Director and Audit Committee Member Hanmin Cho Director Elections |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| NEXON Co., Ltd. | March 25, 2026 | Elect Director and Audit Committee Member Kuniya, Shiro Director Elections |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| NHPC Limited | August 30, 2025 | Reelect Jiji Joseph as Director Director Elections |
Board | For | FOR 6 funds |
AGAINST 3 funds |
| NHPC Limited | August 30, 2025 | Reelect Uday Sakharam Nirgudkar as Director Director Elections |
Board | For | FOR 6 funds |
AGAINST 3 funds |
| NIBE INDUSTRIER AB | May 19, 2026 | REELECT HANS LINNARSON (CHAIR), JAMES AHRGREN, CAMILLA EKDAHL, GERTERIC LINDQUIST, ANDERS PALSSON, AND EVA THUNHOLM AS DIRECTORS; ELECT HENRIK ELMIN AS NEW DIRECTOR Director Elections |
Board | For | FOR 6 funds |
AGAINST 1 fund |
| NINGBO DEYE TECHNOLOGY CO., LTD. | April 30, 2026 | Approve Use of Idle Own Funds for Cash Management Extraordinary Transactions |
Board | For | FOR 5 funds |
AGAINST 3 funds |
| NL INDUSTRIES, INC. | May 14, 2026 | Election of Directors: Courtney J. Riley Director Elections |
Board | For | FOR 4 funds |
WITHHOLD 1 fund |
| NL INDUSTRIES, INC. | May 14, 2026 | Election of Directors: Loretta J. Feehan Director Elections |
Board | For | FOR 4 funds |
WITHHOLD 1 fund |
| NL INDUSTRIES, INC. | May 14, 2026 | Election of Directors: Michael S. Simmons Director Elections |
Board | For | FOR 4 funds |
WITHHOLD 1 fund |
| NLC India Ltd. | September 27, 2025 | Elect Pradeep Kumar Saraogi as Director Director Elections |
Board | For | FOR 4 funds |
AGAINST 2 funds |
| NLC India Ltd. | September 27, 2025 | Elect Vasant Ashok Patil as Director Director Elections |
Board | For | FOR 4 funds |
AGAINST 2 funds |
| NLC India Ltd. | September 27, 2025 | Reelect Meethale Thundiyil Ramesh as Director Director Elections |
Board | For | FOR 4 funds |
AGAINST 2 funds |
| NLIGHT, INC. | June 5, 2026 | Election of Class II Director: Geoffrey Moore Director Elections |
Board | For | FOR 16 funds |
WITHHOLD 1 fund |
| NMDC Limited | August 28, 2025 | Elect Achal Kumar Sinha as Director Director Elections |
Board | For | FOR 6 funds |
AGAINST 3 funds |
| NMDC Limited | August 28, 2025 | Reelect Sanjay Tandon as Director Director Elections |
Board | For | FOR 6 funds |
AGAINST 3 funds |
| NONGFU SPRING CO., LTD. | May 19, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure |
Board | For | FOR 5 funds |
AGAINST 2 funds |
| NOVO NORDISK A/S | March 26, 2026 | Reelect Britt Meelby Jensen as Director Director Elections |
Board | For | FOR 8 funds |
ABSTAIN 5 funds |
| NOVO NORDISK A/S | March 26, 2026 | Reelect Kasim Kutay as Director Director Elections |
Board | For | FOR 8 funds |
ABSTAIN 5 funds |
| NOVO NORDISK A/S | March 26, 2026 | Reelect Lars Rebien Sorensen (Chair) as Director Director Elections |
Board | For | FOR 8 funds |
ABSTAIN 5 funds |
| NOVONESIS A/S (NOVOZYMES A/S) | March 23, 2026 | Reelect Kasim Kutay Lane as Director Director Elections |
Board | For | FOR 7 funds |
ABSTAIN 1 fund |
| NSK Ltd. | June 25, 2026 | Elect Director Ichii, Akitoshi Director Elections |
Board | For | FOR 7 funds |
AGAINST 2 funds |
| NSK Ltd. | June 25, 2026 | Elect Director Suzuki, Keita Director Elections |
Board | For | AGAINST 7 funds |
FOR 2 funds |
| NTPC Green Energy Ltd. | August 28, 2025 | Elect Brajesh Kumar Singh as Director Director Elections |
Board | For | FOR 4 funds |
AGAINST 2 funds |
| NTPC Green Energy Ltd. | August 28, 2025 | Elect Phalguni Patra as Director Director Elections |
Board | For | FOR 4 funds |
AGAINST 2 funds |
| NTPC Limited | August 29, 2025 | Approve Reappointment of Gurdeep Singh as Chairman and Managing Director Compensation |
Board | For | FOR 6 funds |
AGAINST 3 funds |
| NTPC Limited | August 29, 2025 | Elect Anil Kumar Gupta as Director Director Elections |
Board | For | FOR 6 funds |
AGAINST 3 funds |
| NTPC Limited | August 29, 2025 | Elect Kanchiappan Ghayathri Devi as Director Director Elections |
Board | For | FOR 6 funds |
AGAINST 3 funds |
| NTPC Limited | August 29, 2025 | Elect Pankaj Gupta as Director Director Elections |
Board | For | FOR 6 funds |
AGAINST 3 funds |
| NTPC Limited | August 29, 2025 | Elect Sushil Kumar Choudhary as Director Director Elections |
Board | For | FOR 6 funds |
AGAINST 3 funds |
| NagaCorp Ltd. | June 25, 2026 | Adopt New Share Option Scheme Compensation |
Board | For | FOR 6 funds |
AGAINST 1 fund |
| NagaCorp Ltd. | June 25, 2026 | Approve BDO Limited as Auditors and Authorize Board to Fix Their Remuneration Audit-related |
Board | For | FOR 6 funds |
AGAINST 1 fund |
| NagaCorp Ltd. | June 25, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure |
Board | For | FOR 6 funds |
AGAINST 1 fund |
| NagaCorp Ltd. | June 25, 2026 | Authorize Reissuance of Repurchased Shares Capital Structure |
Board | For | FOR 6 funds |
AGAINST 1 fund |
| Nagoya Railroad Co., Ltd. | June 25, 2026 | Appoint Statutory Auditor Furuhashi, Yukinaga Compensation |
Board | For | AGAINST 6 funds |
FOR 2 funds |
| Nanjing King-friend Biochemical Pharmaceutical Co., Ltd. | May 20, 2026 | Approve Use of Own Funds for Cash Management and Entrusted Financial Management Extraordinary Transactions |
Board | For | FOR 5 funds |
AGAINST 1 fund |
| Nankai Electric Railway Co., Ltd. | June 16, 2026 | Elect Director Achikita, Teruhiko Director Elections |
Board | For | AGAINST 6 funds |
FOR 2 funds |
| Naspers Ltd. | August 21, 2025 | Approve Financial Assistance in Terms of Section 44 of the Companies Act Capital Structure |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| Naspers Ltd. | August 21, 2025 | Approve Remuneration Policy Compensation |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| Naspers Ltd. | August 21, 2025 | Authorise Board to Issue Shares for Cash Capital Structure |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| Naspers Ltd. | August 21, 2025 | Authorise Repurchase of A Ordinary Shares Capital Structure |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| Naspers Ltd. | August 21, 2025 | Authorise Specific Repurchase of N Ordinary Shares from Holders of N Ordinary Share Extraordinary Transactions |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| Naspers Ltd. | August 21, 2025 | Re-elect Steve Pacak as Chairman of the Audit Committee Director Elections |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| National Aluminium Company Limited | September 26, 2025 | Reelect Patel Sanjaykumar as Director Director Elections |
Board | For | FOR 5 funds |
AGAINST 2 funds |
| Natural Grocers by Vitamin Cottage, Inc. | March 4, 2026 | Election of Directors: David Rooney Director Elections |
Board | For | WITHHOLD 10 funds |
FOR 1 fund |
| Natural Grocers by Vitamin Cottage, Inc. | March 4, 2026 | Election of Directors: Sandra Buffa Director Elections |
Board | For | WITHHOLD 10 funds |
FOR 1 fund |
| Navinfo Co., Ltd. | October 15, 2025 | Approve Authorization of the Board to Handle All Related Matters Extraordinary Transactions |
Board | For | FOR 4 funds |
AGAINST 2 funds |
| Navinfo Co., Ltd. | October 15, 2025 | Approve External Investment and Financial Assistance Extraordinary Transactions |
Board | For | FOR 4 funds |
AGAINST 2 funds |
| Nemak SAB de CV | March 4, 2026 | Elect Directors and Chair of Audit and Corporate Practices Committee; Fix Their Remuneration Director Elections |
Board | For | FOR 5 funds |
AGAINST 1 fund |
| NerdWallet, Inc. | May 21, 2026 | To elect four members to our Board of Directors, each to serve until the annual meeting of stockholders in 2027 and until a successor has been duly elected and qualified, or until such director's earlier resignation, retirement or other termination of service: Tim Chen Director Elections |
Board | For | FOR 14 funds |
WITHHOLD 1 fund |
| New World Development Company Limited | November 20, 2025 | Approve Grant Mandate to the Directors to Grant Options under the Share Option Scheme Compensation |
Board | For | FOR 7 funds |
AGAINST 1 fund |
| New World Development Company Limited | November 20, 2025 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure |
Board | For | FOR 7 funds |
AGAINST 1 fund |
| New World Development Company Limited | November 20, 2025 | Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related |
Board | For | FOR 7 funds |
AGAINST 1 fund |
| News Corporation | November 19, 2025 | Election of 6 Directors: Jose Maria Aznar Director Elections |
Board | For | FOR 22 funds |
AGAINST 1 fund |
| News Corporation | November 19, 2025 | Election of 6 Directors: Lachlan K. Murdoch Director Elections |
Board | For | FOR 22 funds |
AGAINST 1 fund |
| News Corporation | November 19, 2025 | Election of 6 Directors: Masroor Siddiqui Director Elections |
Board | For | FOR 22 funds |
AGAINST 1 fund |
| News Corporation | November 19, 2025 | Election of 6 Directors: Natalie Bancroft Director Elections |
Board | For | FOR 22 funds |
AGAINST 1 fund |
| Nikon Corp. | June 26, 2026 | Elect Director Omura, Yasuhiro Director Elections |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| Nikon Corp. | June 26, 2026 | Elect Director Tokunari, Muneaki Director Elections |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| Nine Dragons Paper (Holdings) Limited | December 11, 2025 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure |
Board | For | FOR 5 funds |
AGAINST 2 funds |
| Nine Dragons Paper (Holdings) Limited | December 11, 2025 | Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related |
Board | For | FOR 5 funds |
AGAINST 2 funds |
| Nine Dragons Paper (Holdings) Limited | December 11, 2025 | Authorize Reissuance of Repurchased Shares Capital Structure |
Board | For | FOR 5 funds |
AGAINST 2 funds |
| Ninestar Corp. | September 12, 2025 | Approve Use of Funds for Cash Management Extraordinary Transactions |
Board | For | FOR 5 funds |
AGAINST 2 funds |
| Ningbo Deye Technology Co., Ltd. | September 16, 2025 | Approve Authorization of the Board to Handle All Related Matters Compensation |
Board | For | FOR 5 funds |
AGAINST 2 funds |
| Ningbo Deye Technology Co., Ltd. | September 16, 2025 | Approve Draft and Summary of Employee Share Purchase Plan Compensation |
Board | For | FOR 5 funds |
AGAINST 2 funds |
| Ningbo Deye Technology Co., Ltd. | September 16, 2025 | Approve Methods to Assess the Performance of Plan Participants Compensation |
Board | For | FOR 5 funds |
AGAINST 2 funds |
| Ningbo Joyson Electronic Corp. | May 12, 2026 | Adopt H Share Award Scheme Compensation |
Board | For | FOR 5 funds |
AGAINST 2 funds |
| Ningbo Joyson Electronic Corp. | May 12, 2026 | Approve General Mandate to Issue H Shares Capital Structure |
Board | For | FOR 5 funds |
AGAINST 2 funds |
| Ningbo Joyson Electronic Corp. | May 12, 2026 | Authorize Board to Handle the Relevant Matters of the H Share Award Scheme Compensation |
Board | For | FOR 5 funds |
AGAINST 2 funds |
| Nippon Life India Asset Management Limited | January 9, 2026 | Amend Reliance Nippon Life Asset Management Limited - Employee Stock Option Plan 2019 Compensation |
Board | For | AGAINST 7 funds |
FOR 2 funds |
| Nippon Paint Holdings Co., Ltd. | March 27, 2026 | Elect Director Goh Hup Jin Director Elections |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| Nippon Paint Holdings Co., Ltd. | March 27, 2026 | Elect Director Nakamura, Masayoshi Director Elections |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| Nippon Paint Holdings Co., Ltd. | March 27, 2026 | Elect Director Wakatsuki, Yuichiro Director Elections |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| Nippon Paint Holdings Co., Ltd. | March 27, 2026 | Elect Director Wee Siew Kim Director Elections |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| Nippon Shokubai Co., Ltd. | June 19, 2026 | Appoint Statutory Auditor Ueda, Kenichi Compensation |
Board | For | AGAINST 7 funds |
FOR 2 funds |
| Nippon Shokubai Co., Ltd. | June 19, 2026 | Elect Director Noda, Kazuhiro Director Elections |
Board | For | FOR 7 funds |
AGAINST 2 funds |
| Nippon Television Holdings, Inc. | June 26, 2026 | Appoint Alternate Statutory Auditor Negishi, Toyoaki Compensation |
Board | For | AGAINST 6 funds |
FOR 2 funds |
| Nippon Television Holdings, Inc. | June 26, 2026 | Appoint Statutory Auditor Yokota, Masayuki Compensation |
Board | For | AGAINST 6 funds |
FOR 2 funds |
| Nippon Television Holdings, Inc. | June 26, 2026 | Elect Director Fukuda, Hiroyuki Director Elections |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| Nippon Television Holdings, Inc. | June 26, 2026 | Elect Director Sugiyama, Yoshikuni Director Elections |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| Nippon Yusen KK | June 17, 2026 | Elect Director Kuwabara, Satoko Director Elections |
Board | For | FOR 6 funds |
AGAINST 4 funds |
| Nissan Chemical Corp. | June 25, 2026 | Appoint Statutory Auditor Kawashima, Wataru Compensation |
Board | For | AGAINST 7 funds |
FOR 2 funds |
| Nissan Motor Co., Ltd. | June 23, 2026 | Elect Director Ivan Espinosa Director Elections |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| Nissan Motor Co., Ltd. | June 23, 2026 | Elect Director Nagai, Moto Director Elections |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| Nissan Motor Co., Ltd. | June 23, 2026 | Elect Director Shimbo, Junichi Director Elections |
Board | For | FOR 6 funds |
AGAINST 2 funds |
| Nissin Foods Holdings Co., Ltd. | June 25, 2026 | Appoint Statutory Auditor Ijichi, Toshihiko Compensation |
Board | For | AGAINST 6 funds |
FOR 2 funds |
| Nissin Foods Holdings Co., Ltd. | June 25, 2026 | Appoint Statutory Auditor Sawai, Masahiko Compensation |
Board | For | AGAINST 6 funds |
FOR 2 funds |
| Niterra Co., Ltd. | June 26, 2026 | Elect Director and Audit Committee Member Uchiyama, Hideyo Director Elections |
Board | For | FOR 7 funds |
AGAINST 4 funds |
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How items are matched and positions counted: see the comparison table and the methodology. Built November 1, 2026 from SEC Form N-PX filings.