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NOVARTIS AG 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated November 1, 2026.

  • 89Reported items
  • 670Asset managers
  • 22,091Fund votes
  • March 7, 2025Meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from NOVARTIS AG has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

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 670 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. Elect Elizabeth McNally as Director

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 121 asset managers

The 121 asset managers below reported 216,976,940 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,976,940
Largest asset managers voting on “Elect Elizabeth McNally as Director” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

2. Elect Giovanni Caforio as Director and Board Chair

No official resultsDIRECTOR ELECTIONS

99.6% of fund votes cast · no official result

FOR
Details: votes by 121 asset managers

The 121 asset managers below reported 216,269,173 for, 707,767 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,269,173AGAINST: 707,767
Largest asset managers voting on “Elect Giovanni Caforio as Director and Board Chair” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

3. Reelect Ana de Pro Gonzalo as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 121 asset managers

The 121 asset managers below reported 216,976,940 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,976,940
Largest asset managers voting on “Reelect Ana de Pro Gonzalo as Director” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

4. Reelect Bridgette Heller as Director

No official resultsDIRECTOR ELECTIONS

99.7% of fund votes cast · no official result

FOR
Details: votes by 121 asset managers

The 121 asset managers below reported 216,335,365 for, 641,575 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,335,365AGAINST: 641,575
Largest asset managers voting on “Reelect Bridgette Heller as Director” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard59,430,771620,845 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

5. Reelect Daniel Hochstrasser as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 121 asset managers

The 121 asset managers below reported 216,976,940 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,976,940
Largest asset managers voting on “Reelect Daniel Hochstrasser as Director” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

6. Reelect Elizabeth Doherty as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 121 asset managers

The 121 asset managers below reported 216,976,940 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,976,940
Largest asset managers voting on “Reelect Elizabeth Doherty as Director” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

7. Reelect Frans van Houten as Director

No official resultsDIRECTOR ELECTIONS

94% of fund votes cast · no official result

FOR
Details: votes by 121 asset managers

The 121 asset managers below reported 203,842,747 for, 13,134,193 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 203,842,747AGAINST: 13,134,193
Largest asset managers voting on “Reelect Frans van Houten as Director” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard59,430,771620,845 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan916,05012,382,559 00Mixed
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

8. Reelect John Young as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 121 asset managers

The 121 asset managers below reported 216,976,940 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,976,940
Largest asset managers voting on “Reelect John Young as Director” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

9. Reelect Nancy Andrews as Director

No official resultsDIRECTOR ELECTIONS

99.9% of fund votes cast · no official result

FOR
Details: votes by 121 asset managers

The 121 asset managers below reported 216,976,780 for, 160 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,976,780AGAINST: 160
Largest asset managers voting on “Reelect Nancy Andrews as Director” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

10. Reelect Patrice Bula as Director

No official resultsDIRECTOR ELECTIONS

99.7% of fund votes cast · no official result

FOR
Details: votes by 121 asset managers

The 121 asset managers below reported 216,335,365 for, 641,575 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,335,365AGAINST: 641,575
Largest asset managers voting on “Reelect Patrice Bula as Director” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard59,430,771620,845 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

11. Reelect Simon Moroney as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 121 asset managers

The 121 asset managers below reported 216,976,940 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,976,940
Largest asset managers voting on “Reelect Simon Moroney as Director” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

12. Reelect Ton Buechner as Director

No official resultsDIRECTOR ELECTIONS

80% of fund votes cast · no official result

FORAGAINST
Details: votes by 121 asset managers

The 121 asset managers below reported 174,202,078 for, 42,774,862 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 174,202,078AGAINST: 42,774,862
Largest asset managers voting on “Reelect Ton Buechner as Director” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock1,032,60537,935,887 00Against
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust03,022,137 00Against
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

13. Appoint John Young as Member of the Compensation Committee

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 120 asset managers

The 120 asset managers below reported 216,976,395 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,976,395
Largest asset managers voting on “Appoint John Young as Member of the Compensation Committee” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

14. Reappoint Bridgette Heller as Member of the Compensation Committee

No official resultsDIRECTOR ELECTIONS

99.7% of fund votes cast · no official result

FOR
Details: votes by 120 asset managers

The 120 asset managers below reported 216,334,820 for, 641,575 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,334,820AGAINST: 641,575
Largest asset managers voting on “Reappoint Bridgette Heller as Member of the Compensation Committee” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard59,430,771620,845 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

15. Reappoint Patrice Bula as Member of the Compensation Committee

No official resultsDIRECTOR ELECTIONS

99.7% of fund votes cast · no official result

FOR
Details: votes by 120 asset managers

The 120 asset managers below reported 216,334,820 for, 641,575 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,334,820AGAINST: 641,575
Largest asset managers voting on “Reappoint Patrice Bula as Member of the Compensation Committee” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard59,430,771620,845 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

16. Reappoint Simon Moroney as Member of the Compensation Committee

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 120 asset managers

The 120 asset managers below reported 216,976,395 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,976,395
Largest asset managers voting on “Reappoint Simon Moroney as Member of the Compensation Committee” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

17. 8F. Re-election of Bridgette Heller.

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

90% of fund votes cast · no official result

FORNOT VOTED
Details: votes by 65 asset managers

The 65 asset managers below reported 7,402,166 for, 800,126 against, 348 abstained, 34,519,664 not voted, 81,877 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,402,166AGAINST: 800,126ABSTAIN: 348NOT VOTED: 34,519,664UNKNOWN: 81,877
Largest asset managers voting on “8F. Re-election of Bridgette Heller.” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard507,0240 00For
Charles Schwab00 00Not Voted
Hartford2,611,3210 00For
Loomis Sayles1,450,5190 00For
SEI145,6250 00For
Russell Investments00 00Not Voted
Jackson National401,1780 00For
Federated Hermes0342,205 00Against
IMPAX FUNDS SERIES TRUST I341,0760 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
PRIMECAP Odyssey Funds00 00Not Voted
DOMINI INVESTMENT TRUST0281,753 00Against
CULLEN FUNDS TRUST260,5830 00For
Empower246,5000 00For
Mercer Funds239,9770 00For
Pacific Life00 00Not Voted
Fidelity00 00Not Voted
ADVISORS SERIES TRUST169,4930 00For
Datum One Series Trust0155,235 00Against
John Hancock89,7580 00For
Gabelli84,5000 00For
Brighthouse8,6450 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
PACE SELECT ADVISORS TRUST1290 00For
TCW FUNDS INC73,6390 00For

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

18. 8K. Re-election of John D. Young.

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

98% of fund votes cast · no official result

FORNOT VOTED
Details: votes by 65 asset managers

The 65 asset managers below reported 8,026,124 for, 176,168 against, 348 abstained, 34,519,664 not voted, 81,877 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 8,026,124AGAINST: 176,168ABSTAIN: 348NOT VOTED: 34,519,664UNKNOWN: 81,877
Largest asset managers voting on “8K. Re-election of John D. Young.” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard507,0240 00For
Charles Schwab00 00Not Voted
Hartford2,611,3210 00For
Loomis Sayles1,450,5190 00For
SEI145,6250 00For
Russell Investments00 00Not Voted
Jackson National401,1780 00For
Federated Hermes342,2050 00For
IMPAX FUNDS SERIES TRUST I341,0760 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
PRIMECAP Odyssey Funds00 00Not Voted
DOMINI INVESTMENT TRUST281,7530 00For
CULLEN FUNDS TRUST260,5830 00For
Empower246,5000 00For
Mercer Funds239,9770 00For
Pacific Life00 00Not Voted
Fidelity00 00Not Voted
ADVISORS SERIES TRUST169,4930 00For
Datum One Series Trust0155,235 00Against
John Hancock89,7580 00For
Gabelli84,5000 00For
Brighthouse8,6450 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
PACE SELECT ADVISORS TRUST1290 00For
TCW FUNDS INC73,6390 00For

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

19. 8D. Re-election of Patrice Bula.

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

98% of fund votes cast · no official result

FORNOT VOTED
Details: votes by 65 asset managers

The 65 asset managers below reported 8,026,124 for, 176,168 against, 348 abstained, 34,519,664 not voted, 81,877 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 8,026,124AGAINST: 176,168ABSTAIN: 348NOT VOTED: 34,519,664UNKNOWN: 81,877
Largest asset managers voting on “8D. Re-election of Patrice Bula.” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard507,0240 00For
Charles Schwab00 00Not Voted
Hartford2,611,3210 00For
Loomis Sayles1,450,5190 00For
SEI145,6250 00For
Russell Investments00 00Not Voted
Jackson National401,1780 00For
Federated Hermes342,2050 00For
IMPAX FUNDS SERIES TRUST I341,0760 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
PRIMECAP Odyssey Funds00 00Not Voted
DOMINI INVESTMENT TRUST281,7530 00For
CULLEN FUNDS TRUST260,5830 00For
Empower246,5000 00For
Mercer Funds239,9770 00For
Pacific Life00 00Not Voted
Fidelity00 00Not Voted
ADVISORS SERIES TRUST169,4930 00For
Datum One Series Trust0155,235 00Against
John Hancock89,7580 00For
Gabelli84,5000 00For
Brighthouse8,6450 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
PACE SELECT ADVISORS TRUST1290 00For
TCW FUNDS INC73,6390 00For

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

20. 8I. Re-election of Simon Moroney.

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

98% of fund votes cast · no official result

FORNOT VOTED
Details: votes by 65 asset managers

The 65 asset managers below reported 8,026,124 for, 176,168 against, 348 abstained, 34,519,664 not voted, 81,877 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 8,026,124AGAINST: 176,168ABSTAIN: 348NOT VOTED: 34,519,664UNKNOWN: 81,877
Largest asset managers voting on “8I. Re-election of Simon Moroney.” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard507,0240 00For
Charles Schwab00 00Not Voted
Hartford2,611,3210 00For
Loomis Sayles1,450,5190 00For
SEI145,6250 00For
Russell Investments00 00Not Voted
Jackson National401,1780 00For
Federated Hermes342,2050 00For
IMPAX FUNDS SERIES TRUST I341,0760 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
PRIMECAP Odyssey Funds00 00Not Voted
DOMINI INVESTMENT TRUST281,7530 00For
CULLEN FUNDS TRUST260,5830 00For
Empower246,5000 00For
Mercer Funds239,9770 00For
Pacific Life00 00Not Voted
Fidelity00 00Not Voted
ADVISORS SERIES TRUST169,4930 00For
Datum One Series Trust0155,235 00Against
John Hancock89,7580 00For
Gabelli84,5000 00For
Brighthouse8,6450 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
PACE SELECT ADVISORS TRUST1290 00For
TCW FUNDS INC73,6390 00For

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

21. 8J. Re-election of Ana de Pro Gonzalo.

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FORNOT VOTED
Details: votes by 64 asset managers

The 64 asset managers below reported 8,188,497 for, 348 abstained, 34,519,664 not voted, 81,877 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 8,188,497ABSTAIN: 348NOT VOTED: 34,519,664UNKNOWN: 81,877
Largest asset managers voting on “8J. Re-election of Ana de Pro Gonzalo.” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard507,0240 00For
Charles Schwab00 00Not Voted
Hartford2,611,3210 00For
Loomis Sayles1,450,5190 00For
SEI145,6250 00For
Russell Investments00 00Not Voted
Jackson National401,1780 00For
Federated Hermes342,2050 00For
IMPAX FUNDS SERIES TRUST I341,0760 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
PRIMECAP Odyssey Funds00 00Not Voted
DOMINI INVESTMENT TRUST281,7530 00For
CULLEN FUNDS TRUST260,5830 00For
Empower246,5000 00For
Mercer Funds239,9770 00For
Pacific Life00 00Not Voted
Fidelity00 00Not Voted
ADVISORS SERIES TRUST169,4930 00For
Datum One Series Trust155,2350 00For
John Hancock89,7580 00For
Gabelli84,5000 00For
Brighthouse8,6450 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
PACE SELECT ADVISORS TRUST1290 00For
TCW FUNDS INC73,6390 00For

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

22. 8G. Re-election of Daniel Hochstrasser.

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

88% of fund votes cast · no official result

FORNOT VOTED
Details: votes by 64 asset managers

The 64 asset managers below reported 7,223,463 for, 965,034 against, 348 abstained, 34,519,664 not voted, 81,877 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,223,463AGAINST: 965,034ABSTAIN: 348NOT VOTED: 34,519,664UNKNOWN: 81,877
Largest asset managers voting on “8G. Re-election of Daniel Hochstrasser.” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard507,0240 00For
Charles Schwab00 00Not Voted
Hartford2,611,3210 00For
Loomis Sayles1,450,5190 00For
SEI145,6250 00For
Russell Investments00 00Not Voted
Jackson National401,1780 00For
Federated Hermes0342,205 00Against
IMPAX FUNDS SERIES TRUST I0341,076 00Against
AMANA MUTUAL FUNDS TRUST295,4000 00For
PRIMECAP Odyssey Funds00 00Not Voted
DOMINI INVESTMENT TRUST0281,753 00Against
CULLEN FUNDS TRUST260,5830 00For
Empower246,5000 00For
Mercer Funds239,9770 00For
Pacific Life00 00Not Voted
Fidelity00 00Not Voted
ADVISORS SERIES TRUST169,4930 00For
Datum One Series Trust155,2350 00For
John Hancock89,7580 00For
Gabelli84,5000 00For
Brighthouse8,6450 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
PACE SELECT ADVISORS TRUST1290 00For
TCW FUNDS INC73,6390 00For

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

23. 8E. Re-election of Elizabeth Doherty.

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FORNOT VOTED
Details: votes by 64 asset managers

The 64 asset managers below reported 8,188,497 for, 348 abstained, 34,519,664 not voted, 81,877 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 8,188,497ABSTAIN: 348NOT VOTED: 34,519,664UNKNOWN: 81,877
Largest asset managers voting on “8E. Re-election of Elizabeth Doherty.” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard507,0240 00For
Charles Schwab00 00Not Voted
Hartford2,611,3210 00For
Loomis Sayles1,450,5190 00For
SEI145,6250 00For
Russell Investments00 00Not Voted
Jackson National401,1780 00For
Federated Hermes342,2050 00For
IMPAX FUNDS SERIES TRUST I341,0760 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
PRIMECAP Odyssey Funds00 00Not Voted
DOMINI INVESTMENT TRUST281,7530 00For
CULLEN FUNDS TRUST260,5830 00For
Empower246,5000 00For
Mercer Funds239,9770 00For
Pacific Life00 00Not Voted
Fidelity00 00Not Voted
ADVISORS SERIES TRUST169,4930 00For
Datum One Series Trust155,2350 00For
John Hancock89,7580 00For
Gabelli84,5000 00For
Brighthouse8,6450 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
PACE SELECT ADVISORS TRUST1290 00For
TCW FUNDS INC73,6390 00For

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

24. 8L. Election of Elizabeth McNally.

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FORNOT VOTED
Details: votes by 64 asset managers

The 64 asset managers below reported 8,188,497 for, 348 abstained, 34,519,664 not voted, 81,877 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 8,188,497ABSTAIN: 348NOT VOTED: 34,519,664UNKNOWN: 81,877
Largest asset managers voting on “8L. Election of Elizabeth McNally.” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard507,0240 00For
Charles Schwab00 00Not Voted
Hartford2,611,3210 00For
Loomis Sayles1,450,5190 00For
SEI145,6250 00For
Russell Investments00 00Not Voted
Jackson National401,1780 00For
Federated Hermes342,2050 00For
IMPAX FUNDS SERIES TRUST I341,0760 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
PRIMECAP Odyssey Funds00 00Not Voted
DOMINI INVESTMENT TRUST281,7530 00For
CULLEN FUNDS TRUST260,5830 00For
Empower246,5000 00For
Mercer Funds239,9770 00For
Pacific Life00 00Not Voted
Fidelity00 00Not Voted
ADVISORS SERIES TRUST169,4930 00For
Datum One Series Trust155,2350 00For
John Hancock89,7580 00For
Gabelli84,5000 00For
Brighthouse8,6450 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
PACE SELECT ADVISORS TRUST1290 00For
TCW FUNDS INC73,6390 00For

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

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

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 121 asset managers

The 121 asset managers below reported 216,976,940 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,976,940
Largest asset managers voting on “Approve CHF 38 Million Reduction in Share Capital via Cancellation of Repurchased Shares” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

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

No official resultsCAPITAL STRUCTURE

99.7% of fund votes cast · no official result

FOR
Details: votes by 121 asset managers

The 121 asset managers below reported 216,335,365 for, 641,575 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,335,365AGAINST: 641,575
Largest asset managers voting on “Authorize Repurchase of up to CHF 10 Billion in Issued Share Capital” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard59,430,771620,845 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

27. Accept Financial Statements and Statutory Reports

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 122 asset managers

The 122 asset managers below reported 216,976,940 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,976,940
Largest asset managers voting on “Accept Financial Statements and Statutory Reports” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

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

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 121 asset managers

The 121 asset managers below reported 216,976,940 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,976,940
Largest asset managers voting on “Approve Allocation of Income and Dividends of CHF 3.50 per Share” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

29. Approve Discharge of Board and Senior Management

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 121 asset managers

The 121 asset managers below reported 216,976,940 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,976,940
Largest asset managers voting on “Approve Discharge of Board and Senior Management” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

30. Approve Non-Financial Report

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 121 asset managers

The 121 asset managers below reported 213,833,853 for, 3,143,087 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 213,833,853ABSTAIN: 3,143,087
Largest asset managers voting on “Approve Non-Financial Report” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg00 2,684,5080Abstain
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

31. Approve Virtual-Only Shareholder Meetings

No official resultsCORPORATE GOVERNANCE

99.5% of fund votes cast · no official result

FOR
Details: votes by 121 asset managers

The 121 asset managers below reported 215,935,396 for, 1,041,544 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 215,935,396AGAINST: 1,041,544
Largest asset managers voting on “Approve Virtual-Only Shareholder Meetings” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,358,44374,399 00Mixed
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust117,696787,164 00Mixed
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

32. Designate Peter Zahn as Independent Proxy

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 121 asset managers

The 121 asset managers below reported 216,976,940 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,976,940
Largest asset managers voting on “Designate Peter Zahn as Independent Proxy” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

33. Transact Other Business (Voting)

No official resultsCORPORATE GOVERNANCE

0.9% of fund votes cast · no official result

AGAINST
Details: votes by 96 asset managers

The 96 asset managers below reported 1,444,208 for, 166,741,713 against, 623,223 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,444,208AGAINST: 166,741,713ABSTAIN: 623,223
Largest asset managers voting on “Transact Other Business (Voting)” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard060,051,616 00Against
Dodge & Cox022,669,878 00Against
Artisan013,298,609 00Against
Goldman Sachs010,279,647 00Against
Dimensional07,781,262 00Against
TIAA05,342,569 00Against
MFS04,740,207 00Against
T. Rowe Price04,441,787 00Against
FRANKLIN MUTUAL SERIES FUNDS04,334,525 00Against
Capital Group03,824,664 00Against
State Street03,479,229 00Against
JANUS INVESTMENT FUND03,254,285 00Against
Thornburg02,684,508 00Against
DWS01,994,952 00Against
BNY Mellon01,432,842 00Against
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST01,306,556 00Against
Columbia Threadneedle01,251,615 00Against
Northern Trust0904,860 00Against
Victory Capital0867,912 00Against
Fidelity0832,733 00Against
Thrivent0822,187 00Against
Franklin Templeton0764,148 00Against
Northwestern Mutual0661,012 00Against
American Century0660,415 00Against

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

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

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 123 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 117 asset managers voting on “Approve Remuneration of Executive Committee in the Amount of CHF 95 Million” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

Fund voting reports, all 117 managers: 216,855,934 for. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 4 asset managers voting on “Approve Remuneration of Executive Committee in the Amount of CHF 95 Million” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
APG Asset Management US Inc.6,342,0060 00For
RWC Asset Management LLP117,6930 00For
Close Asset Management Ltd15,4290 00For
SHELTON CAPITAL MANAGEMENT3,3130 00For

Institutional-manager reports, all 4 managers: 6,478,441 for.

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

100% of fund votes cast · no official result

FOR
Details: votes by 122 asset managers

The 122 asset managers below reported 216,992,369 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,992,369
Largest asset managers voting on “Approve Remuneration of Directors in the Amount of CHF 8.2 Million” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

36. 7A. Binding vote on the maximum aggregate amount of compensation for the Board of Directors from the 2025 Annual…

Combines 5 wordings of this item as funds reported it.

99.9% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 65 asset managers

Description as filed by funds: 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.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 28 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 managerForAgainst AbstainWithheldVote
Loomis Sayles1,450,5190 00For
Jackson National401,1780 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
PRIMECAP Odyssey Funds00 00Not Voted
CULLEN FUNDS TRUST260,5830 00For
ADVISORS SERIES TRUST169,4930 00For
John Hancock89,7580 00For
Gabelli84,5000 00For
BlackRock68,6810 00For
Investment Managers Series Trust40,0000 00For
Amplify ETF Trust39,9550 00For
Natixis34,9750 00For
TRUST FOR PROFESSIONAL MANAGERS27,2810 00For
PROFESSIONALLY MANAGED PORTFOLIOS24,4800 00For
MUTUAL FUND SERIES TRUST22,0020 00For
Pacer Funds Trust20,1050 00For
MSS Series Trust16,1000 00For
CITY NATIONAL ROCHDALE FUNDS7,3320 00For
SATURNA INVESTMENT TRUST6,8000 00For
World Funds Trust6,7460 00For
RBB FUND, INC.5,8330 00For
Advisors Preferred Trust5,3780 00For
Morningstar Funds Trust2,0870 00For
Tidal Trust I2,0660 00For
EA Series Trust1,3080 00For

Fund voting reports, all 28 managers: 3,083,712 for, 348 abstained, 291,840 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 32 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 managerForAgainst AbstainWithheldVote
EXENCIAL WEALTH ADVISORS, LLC111,8700 00For
UNITED CAPITAL FINANCIAL ADVISORS, LLC104,0430 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
Live Oak Private Wealth LLC31,8330 00For
Penobscot Investment Management Company, Inc.24,8670 00For
Cascade Investment Advisors, Inc.23,0650 00For
ALBERT D MASON INC22,6220 00For
ELEVATION POINT WEALTH PARTNERS, LLC22,2060 00For
MITCHELL & PAHL PRIVATE WEALTH, LLC22,1790 00For
apricus wealth, LLC21,4580 00For
Baker Ellis Asset Management LLC11,3260 00For
Glass Wealth Management Co LLC10,9570 00For
NORTHCAPE WEALTH MANAGEMENT, LLC10,4200 00For
CARRET ASSET MANAGEMENT, LLC8,9950 00For
Hendershot Investments Inc.03,331 00Against
BRADY FAMILY WEALTH, LLC2,8310 00For
Laraway Financial Advisors Inc2,2670 00For
CHECK CAPITAL MANAGEMENT INC/CA2,1660 00For
Boltwood Capital Management1,1220 00For
Summit Trail Advisors, LLC7110 00For
BUCKHEAD CAPITAL MANAGEMENT LLC6550 00For
Paulson Wealth Management Inc.4720 00For
GRAHAM CAPITAL WEALTH MANAGEMENT, LLC4140 00For
Perfromance Wealth Partners, LLC3140 00For
BRANDYWINE OAK PRIVATE WEALTH LLC3000 00For

Institutional-manager reports, all 32 managers: 438,268 for, 3,331 against, 93 abstained, 81,877 unknown. Showing the 25 largest; see all in the interactive database.

37. 7C. Advisory vote on the 2024 Compensation Report.

No official resultsFund totals may overlapSECTION 14A SAY-ON-PAY VOTES

Combines 3 wordings of this item as funds reported it.

99.5% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 456 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 28 asset managers voting on “7C. Advisory vote on the 2024 Compensation Report.” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Loomis Sayles1,450,5190 00For
Jackson National401,1780 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
PRIMECAP Odyssey Funds00 00Not Voted
CULLEN FUNDS TRUST260,5830 00For
ADVISORS SERIES TRUST169,4930 00For
John Hancock89,7580 00For
Gabelli84,5000 00For
BlackRock68,6810 00For
Investment Managers Series Trust40,0000 00For
Amplify ETF Trust39,9550 00For
Natixis34,9750 00For
TRUST FOR PROFESSIONAL MANAGERS27,2810 00For
PROFESSIONALLY MANAGED PORTFOLIOS24,4800 00For
RBB FUND, INC.24,3030 00For
MUTUAL FUND SERIES TRUST22,0020 00For
Pacer Funds Trust20,1050 00For
MSS Series Trust16,1000 00For
CITY NATIONAL ROCHDALE FUNDS7,3320 00For
SATURNA INVESTMENT TRUST6,8000 00For
World Funds Trust6,7460 00For
Advisors Preferred Trust5,3780 00For
Morningstar Funds Trust2,0870 00For
Tidal Trust I2,0660 00For
EA Series Trust1,3080 00For

Fund voting reports, all 28 managers: 3,102,182 for, 348 abstained, 291,840 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 424 asset managers voting on “7C. Advisory vote on the 2024 Compensation Report.” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Northern Trust2,078,7370 00For
Cullen Capital Management, LLC1,834,4370 00For
BlackRock1,653,8220 11,4550For
ENVESTNET ASSET MANAGEMENT INC1,228,3490 00For
Natixis882,4230 00For
D.A. DAVIDSON & CO.715,6750 00For
TRUIST FINANCIAL CORP702,3120 00For
BRISTOL JOHN W & CO INC /NY/406,5610 00For
AGF MANAGEMENT LTD395,6120 00For
Corient Private Wealth LLC317,837622 2000For
RAYMOND JAMES & ASSOCIATES291,0290 00For
PNC BANK, NATIONAL ASSOCIATION238,8370 00For
OPPENHEIMER ASSET MANAGEMENT INC.228,7940 00For
FIRST FINANCIAL BANKSHARES INC215,8430 00For
US BANK NATIONAL ASSOCIATION188,0450 00For
LPL Financial LLC174,3850 00For
ASSETMARK, INC164,1100 00For
MANAGED ASSET PORTFOLIOS, LLC129,5700 00For
SCOTIA CAPITAL INC.122,1970 00For
Manning & Napier112,8590 00For
EXENCIAL WEALTH ADVISORS, LLC111,8700 00For
Edward D. Jones & Co., L.P.106,6890 00For
UNITED CAPITAL FINANCIAL ADVISORS, LLC104,0430 00For
ROCKEFELLER FINANCIAL LLC102,0470 00For
FERGUSON WELLMAN CAPITAL MANAGEMENT, INC100,1180 00For

Institutional-manager reports, all 424 managers: 15,908,000 for, 91,049 against, 66,899 abstained, 81,877 unknown. Showing the 25 largest; see all in the interactive database.

38. Approve Remuneration Report

Combines 2 wordings of this item as funds reported it.

99.9% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 142 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 117 asset managers voting on “Approve Remuneration Report” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

Fund voting reports, all 117 managers: 216,815,953 for, 39,981 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 24 asset managers voting on “Approve Remuneration Report” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
National Pension Service8,778,4850 00For
JPMorgan6,373,1310 00For
APG Asset Management US Inc.6,342,0060 00For
Walter Scott & Partners Ltd2,919,5850 00For
Korea Investment CORP1,645,4210 00For
Northern Trust1,027,3800 00For
Desjardins Global Asset Management Inc.646,5330 00For
Polaris Capital Management, LLC464,2050 00For
1832 Asset Management L.P.426,5510 00For
South Dakota Investment Council269,6050 00For
Burkehill Global Management, LP196,1840 00For
Siemens Fonds Invest GmbH133,3530 00For
RWC Asset Management LLP117,6930 00For
Value Partners Investments Inc.78,0000 00For
Ativo Capital Management LLC35,6100 00For
US BANK NATIONAL ASSOCIATION25,7200 00For
PNC BANK, NATIONAL ASSOCIATION17,8200 00For
NATIONAL BANK TRUST INC.15,5510 00For
Close Asset Management Ltd15,4290 00For
Plato Investment Management Ltd14,3440 00For
SHELTON CAPITAL MANAGEMENT3,3130 00For
XPONANCE, INC.2,8890 00For
Cullen Capital Management, LLC2,4700 00For
ESSEX INVESTMENT MANAGEMENT CO LLC2000 00For

Institutional-manager reports, all 24 managers: 29,551,478 for.

39. 7B. Binding vote on the maximum aggregate amount of compensation for the Executive Committee for the 2026 financial…

No official resultsFund totals may overlapSECTION 14A SAY-ON-PAY VOTES

Combines 4 wordings of this item as funds reported it.

99.8% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 73 asset managers

Description as filed by funds: 7B. Binding vote on the maximum aggregate amount of compensation for the Executive Committee for the 2026 financial year.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 28 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 managerForAgainst AbstainWithheldVote
Loomis Sayles1,450,5190 00For
Jackson National401,1780 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
PRIMECAP Odyssey Funds00 00Not Voted
CULLEN FUNDS TRUST260,5830 00For
ADVISORS SERIES TRUST169,4930 00For
John Hancock89,7580 00For
Gabelli84,5000 00For
BlackRock68,6810 00For
Investment Managers Series Trust40,0000 00For
Amplify ETF Trust39,9550 00For
Natixis34,9750 00For
TRUST FOR PROFESSIONAL MANAGERS27,2810 00For
PROFESSIONALLY MANAGED PORTFOLIOS24,4800 00For
MUTUAL FUND SERIES TRUST22,0020 00For
Pacer Funds Trust20,1050 00For
MSS Series Trust16,1000 00For
CITY NATIONAL ROCHDALE FUNDS7,3320 00For
SATURNA INVESTMENT TRUST6,8000 00For
World Funds Trust6,7460 00For
RBB FUND, INC.5,8330 00For
Advisors Preferred Trust5,3780 00For
Morningstar Funds Trust2,0870 00For
Tidal Trust I2,0660 00For
EA Series Trust1,3080 00For

Fund voting reports, all 28 managers: 3,083,712 for, 348 abstained, 291,840 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 40 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 managerForAgainst AbstainWithheldVote
Coleford Investment Management Ltd.144,9400 00For
EXENCIAL WEALTH ADVISORS, LLC111,8700 00For
UNITED CAPITAL FINANCIAL ADVISORS, LLC104,0430 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
Dynasty Wealth Management, LLC53,9060 00For
Penobscot Investment Management Company, Inc.24,8670 00For
ALBERT D MASON INC22,6220 00For
ELEVATION POINT WEALTH PARTNERS, LLC22,2060 00For
MITCHELL & PAHL PRIVATE WEALTH, LLC22,1790 00For
apricus wealth, LLC21,4580 00For
Live Oak Private Wealth LLC12,9680 00For
Baker Ellis Asset Management LLC11,3260 00For
Glass Wealth Management Co LLC10,9570 00For
NORTHCAPE WEALTH MANAGEMENT, LLC10,4200 00For
CARRET ASSET MANAGEMENT, LLC8,9950 00For
Hanson & Doremus Investment Management4,5280 00For
Hendershot Investments Inc.03,331 00Against
LCM Capital Management Inc03,263 00Against
BRADY FAMILY WEALTH, LLC2,8310 00For
Laraway Financial Advisors Inc2,2670 00For
CHECK CAPITAL MANAGEMENT INC/CA2,1660 00For
Boltwood Capital Management1,1220 00For
Wealth Architects, LLC1,0340 00For
Summit Trail Advisors, LLC7110 00For
BUCKHEAD CAPITAL MANAGEMENT LLC6550 00For

Institutional-manager reports, all 40 managers: 601,321 for, 6,594 against, 93 abstained, 81,877 unknown. Showing the 25 largest; see all in the interactive database.

40. Ratify KPMG AG as Auditors

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 121 asset managers

The 121 asset managers below reported 216,976,940 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 216,976,940
Largest asset managers voting on “Ratify KPMG AG as Auditors” at NOVARTIS AG, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,051,6160 00For
BlackRock38,968,4920 00For
Dodge & Cox22,669,8780 00For
Artisan13,298,6090 00For
Goldman Sachs10,279,6470 00For
Dimensional7,781,2620 00For
TIAA5,342,5690 00For
MFS4,740,2070 00For
T. Rowe Price4,441,7870 00For
FRANKLIN MUTUAL SERIES FUNDS4,334,5250 00For
Capital Group3,824,6640 00For
State Street3,479,2290 00For
JANUS INVESTMENT FUND3,254,2850 00For
Six Circles Trust3,022,1370 00For
Thornburg2,684,5080 00For
JPMorgan2,251,7270 00For
DWS1,994,9520 00For
John Hancock1,558,0720 00For
BNY Mellon1,432,8420 00For
TWEEDY, BROWNE FUND INC.1,394,6180 00For
HARRIS ASSOCIATES INVESTMENT TRUST1,306,5560 00For
Columbia Threadneedle1,251,6150 00For
Northern Trust904,8600 00For
Victory Capital867,9120 00For
Fidelity832,7330 00For

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

Showing the 40 reported items with the widest manager coverage, of 89 in total. View every item.

Largest NOVARTIS AG shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 2,044,033,986 shares outstanding at the time of that meeting.

Fund voting reports: top NOVARTIS AG shareholders by shares voted on “Approve Remuneration Report”, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 2.94%
2BlackRock 1.91%
3Dodge & Cox 1.11%
4Artisan 0.65%
5Goldman Sachs 0.50%
6Dimensional 0.38%
7TIAA 0.26%
8MFS 0.23%
9T. Rowe Price 0.22%
10FRANKLIN MUTUAL SERIES FUNDS 0.21%
Institutional-manager reports: top NOVARTIS AG shareholders by shares voted on “7C. Advisory vote on the 2024 Compensation Report.”, 2024-2025
#Asset manager % of shares outstanding
1Northern Trust 0.10%
2Cullen Capital Management, LLC 0.09%
3BlackRock 0.08%
4ENVESTNET ASSET MANAGEMENT INC 0.06%
5Natixis 0.04%
6D.A. DAVIDSON & CO. 0.04%
7TRUIST FINANCIAL CORP 0.03%
8BRISTOL JOHN W & CO INC /NY/ 0.02%
9AGF MANAGEMENT LTD 0.02%
10Corient Private Wealth LLC 0.02%

Reported NOVARTIS AG holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

NOVARTIS AG holdings and ownership disclosed 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 December 31, 2023 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), 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 December 31, 2023. This page is a static snapshot rebuilt weekly on November 1, 2026; a live search always shows the current data.

At NOVARTIS AG's shareholder meeting held March 7, 2025, in the 2024-2025 proxy season, 670 asset managers reported how they voted in their SEC Form N-PX filings, covering 22,091 separate fund positions. Their filings are grouped here into 89 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 and managers cast 99.5% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). Fund and manager reports are combined in it and may count the same shares twice: it adds fund reports to institutional-manager reports, which can cover the same shares. It is not the company's certified result.

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

Download data (CSV): ballot items · votes by manager · column guide.