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Novartis AG 2025-2026 Proxy Voting Records

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

  • 106Reported items
  • 683Asset managers
  • 20,035Fund votes
  • March 6, 2026Meeting 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 2025-2026 meeting

Each item below shows how the 683 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. Appoint Elizabeth McNally as Member of the Compensation Committee

No official resultsDIRECTOR ELECTIONSCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 99 asset managers

The 99 asset managers below reported 192,563,869 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: 192,563,869
Largest asset managers voting on “Appoint Elizabeth McNally as Member of the Compensation Committee” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

2. Elect Charles Swanton as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 99 asset managers

The 99 asset managers below reported 192,571,478 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: 192,571,478
Largest asset managers voting on “Elect Charles Swanton as Director” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

3. Reappoint Bridgette Heller as Member of the Compensation Committee

No official resultsDIRECTOR ELECTIONSCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 99 asset managers

The 99 asset managers below reported 192,563,869 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: 192,563,869
Largest asset managers voting on “Reappoint Bridgette Heller as Member of the Compensation Committee” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

4. Reappoint John Young as Member of the Compensation Committee

No official resultsDIRECTOR ELECTIONSCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 99 asset managers

The 99 asset managers below reported 192,563,869 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: 192,563,869
Largest asset managers voting on “Reappoint John Young as Member of the Compensation Committee” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

5. Reappoint Patrice Bula as Member of the Compensation Committee

No official resultsDIRECTOR ELECTIONSCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 99 asset managers

The 99 asset managers below reported 192,563,869 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: 192,563,869
Largest asset managers voting on “Reappoint Patrice Bula as Member of the Compensation Committee” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

6. Reappoint Simon Moroney as Member of the Compensation Committee

No official resultsDIRECTOR ELECTIONSCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 99 asset managers

The 99 asset managers below reported 192,563,869 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: 192,563,869
Largest asset managers voting on “Reappoint Simon Moroney as Member of the Compensation Committee” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

7. Reelect Ana de Pro Gonzalo as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 99 asset managers

The 99 asset managers below reported 192,571,478 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: 192,571,478
Largest asset managers voting on “Reelect Ana de Pro Gonzalo as Director” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

Showing the 25 largest of 99 asset managers. See all 99 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 99 asset managers

The 99 asset managers below reported 192,571,478 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: 192,571,478
Largest asset managers voting on “Reelect John Young as Director” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

9. Reelect Simon Moroney as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 99 asset managers

The 99 asset managers below reported 192,571,478 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: 192,571,478
Largest asset managers voting on “Reelect Simon Moroney as Director” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

10. Reelect Bridgette Heller as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 98 asset managers

The 98 asset managers below reported 192,496,766 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: 192,496,766
Largest asset managers voting on “Reelect Bridgette Heller as Director” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

11. Reelect Elizabeth Doherty as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 98 asset managers

The 98 asset managers below reported 192,496,766 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: 192,496,766
Largest asset managers voting on “Reelect Elizabeth Doherty as Director” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

12. Reelect Elizabeth McNally as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 98 asset managers

The 98 asset managers below reported 192,496,766 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: 192,496,766
Largest asset managers voting on “Reelect Elizabeth McNally as Director” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

13. Reelect Frans van Houten as Director

No official resultsDIRECTOR ELECTIONS

99.9% of fund votes cast · no official result

FOR
Details: votes by 98 asset managers

The 98 asset managers below reported 192,408,753 for, 88,013 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: 192,408,753AGAINST: 88,013
Largest asset managers voting on “Reelect Frans van Houten as Director” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

14. Reelect Giovanni Caforio as Director and Board Chair

No official resultsDIRECTOR ELECTIONS

99.9% of fund votes cast · no official result

FOR
Details: votes by 98 asset managers

The 98 asset managers below reported 192,496,766 for, 0 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: 192,496,766AGAINST: 0
Largest asset managers voting on “Reelect Giovanni Caforio as Director and Board Chair” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

15. Reelect Nancy Andrews as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 98 asset managers

The 98 asset managers below reported 192,496,766 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: 192,496,766
Largest asset managers voting on “Reelect Nancy Andrews as Director” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

16. Reelect Patrice Bula as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 98 asset managers

The 98 asset managers below reported 192,496,766 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: 192,496,766
Largest asset managers voting on “Reelect Patrice Bula as Director” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

17. Reelect Ton Buechner as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 98 asset managers

The 98 asset managers below reported 192,496,766 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: 192,496,766
Largest asset managers voting on “Reelect Ton Buechner as Director” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

18. Re-election of Board of Director: 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 60 asset managers

The 60 asset managers below reported 12,216,837 for, 12,361,492 not voted, 64,038 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: 12,216,837NOT VOTED: 12,361,492UNKNOWN: 64,038
Largest asset managers voting on “Re-election of Board of Director: Ana de Pro Gonzalo” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,245,3350 00For
Charles Schwab00 00Not Voted
Loomis Sayles1,508,0740 00For
SEI90,9190 00For
BlackRock344,0360 00For
Russell Investments00 00Not Voted
IMPAX FUNDS SERIES TRUST I310,8860 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
CULLEN FUNDS TRUST248,6530 00For
DOMINI INVESTMENT TRUST241,0260 00For
Empower216,9000 00For
Amplify ETF Trust203,2250 00For
Jackson National190,5690 00For
VanEck ETF Trust186,3100 00For
ADVISORS SERIES TRUST186,0300 00For
Datum One Series Trust166,6420 00For
PRIMECAP Odyssey Funds152,6000 00For
Venerable Variable Insurance Trust00 00Not Voted
Fidelity00 00Not Voted
Federated Hermes89,5280 00For
Nationwide14,2490 00For
SEI Exchange Traded Funds00 00Not Voted
Hartford55,4240 00For
Gabelli65,5000 00For
ZEVIN ASSET MANAGEMENT LLC00 00--

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

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

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

96% of fund votes cast · no official result

FORNOT VOTED
Details: votes by 60 asset managers

The 60 asset managers below reported 11,775,304 for, 441,533 against, 12,361,492 not voted, 64,038 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: 11,775,304AGAINST: 441,533NOT VOTED: 12,361,492UNKNOWN: 64,038
Largest asset managers voting on “Re-election of Board of Director: Bridgette Heller” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,245,3350 00For
Charles Schwab00 00Not Voted
Loomis Sayles1,508,0740 00For
SEI90,9190 00For
BlackRock344,0360 00For
Russell Investments00 00Not Voted
IMPAX FUNDS SERIES TRUST I310,8860 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
CULLEN FUNDS TRUST248,6530 00For
DOMINI INVESTMENT TRUST0241,026 00Against
Empower216,9000 00For
Amplify ETF Trust203,2250 00For
Jackson National190,5690 00For
VanEck ETF Trust186,3100 00For
ADVISORS SERIES TRUST186,0300 00For
Datum One Series Trust0166,642 00Against
PRIMECAP Odyssey Funds152,6000 00For
Venerable Variable Insurance Trust00 00Not Voted
Fidelity00 00Not Voted
Federated Hermes89,5280 00For
Nationwide14,2490 00For
SEI Exchange Traded Funds00 00Not Voted
Hartford55,4240 00For
Gabelli65,5000 00For
ZEVIN ASSET MANAGEMENT LLC00 00--

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

20. Election of Board of Director: Charles Swanton

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 60 asset managers

The 60 asset managers below reported 12,216,837 for, 12,361,492 not voted, 64,038 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: 12,216,837NOT VOTED: 12,361,492UNKNOWN: 64,038
Largest asset managers voting on “Election of Board of Director: Charles Swanton” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,245,3350 00For
Charles Schwab00 00Not Voted
Loomis Sayles1,508,0740 00For
SEI90,9190 00For
BlackRock344,0360 00For
Russell Investments00 00Not Voted
IMPAX FUNDS SERIES TRUST I310,8860 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
CULLEN FUNDS TRUST248,6530 00For
DOMINI INVESTMENT TRUST241,0260 00For
Empower216,9000 00For
Amplify ETF Trust203,2250 00For
Jackson National190,5690 00For
VanEck ETF Trust186,3100 00For
ADVISORS SERIES TRUST186,0300 00For
Datum One Series Trust166,6420 00For
PRIMECAP Odyssey Funds152,6000 00For
Venerable Variable Insurance Trust00 00Not Voted
Fidelity00 00Not Voted
Federated Hermes89,5280 00For
Nationwide14,2490 00For
SEI Exchange Traded Funds00 00Not Voted
Hartford55,4240 00For
Gabelli65,5000 00For
ZEVIN ASSET MANAGEMENT LLC00 00--

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

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

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 60 asset managers

The 60 asset managers below reported 11,988,694 for, 228,143 against, 12,361,492 not voted, 64,038 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: 11,988,694AGAINST: 228,143NOT VOTED: 12,361,492UNKNOWN: 64,038
Largest asset managers voting on “Re-election of Board of Director: Elizabeth Doherty” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,245,3350 00For
Charles Schwab00 00Not Voted
Loomis Sayles1,508,0740 00For
SEI90,9190 00For
BlackRock344,0360 00For
Russell Investments00 00Not Voted
IMPAX FUNDS SERIES TRUST I310,8860 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
CULLEN FUNDS TRUST248,6530 00For
DOMINI INVESTMENT TRUST241,0260 00For
Empower216,9000 00For
Amplify ETF Trust0203,225 00Against
Jackson National190,5690 00For
VanEck ETF Trust186,3100 00For
ADVISORS SERIES TRUST186,0300 00For
Datum One Series Trust166,6420 00For
PRIMECAP Odyssey Funds152,6000 00For
Venerable Variable Insurance Trust00 00Not Voted
Fidelity00 00Not Voted
Federated Hermes89,5280 00For
Nationwide14,2490 00For
SEI Exchange Traded Funds00 00Not Voted
Hartford55,4240 00For
Gabelli65,5000 00For
ZEVIN ASSET MANAGEMENT LLC00 00--

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

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

No official resultsDIRECTOR ELECTIONS

Combines 4 wordings of this item as funds reported it.

96% of fund votes cast · no official result

FORNOT VOTED
Details: votes by 60 asset managers

The 60 asset managers below reported 11,775,304 for, 441,533 against, 12,361,492 not voted, 64,038 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: 11,775,304AGAINST: 441,533NOT VOTED: 12,361,492UNKNOWN: 64,038
Largest asset managers voting on “Re-election of Board of Director: Elizabeth McNally” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,245,3350 00For
Charles Schwab00 00Not Voted
Loomis Sayles1,508,0740 00For
SEI90,9190 00For
BlackRock344,0360 00For
Russell Investments00 00Not Voted
IMPAX FUNDS SERIES TRUST I310,8860 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
CULLEN FUNDS TRUST248,6530 00For
DOMINI INVESTMENT TRUST0241,026 00Against
Empower216,9000 00For
Amplify ETF Trust203,2250 00For
Jackson National190,5690 00For
VanEck ETF Trust186,3100 00For
ADVISORS SERIES TRUST186,0300 00For
Datum One Series Trust0166,642 00Against
PRIMECAP Odyssey Funds152,6000 00For
Venerable Variable Insurance Trust00 00Not Voted
Fidelity00 00Not Voted
Federated Hermes89,5280 00For
Nationwide14,2490 00For
SEI Exchange Traded Funds00 00Not Voted
Hartford55,4240 00For
Gabelli65,5000 00For
ZEVIN ASSET MANAGEMENT LLC00 00--

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

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

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 60 asset managers

The 60 asset managers below reported 11,975,273 for, 241,564 against, 12,361,492 not voted, 64,038 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: 11,975,273AGAINST: 241,564NOT VOTED: 12,361,492UNKNOWN: 64,038
Largest asset managers voting on “Re-election of Board of Director: Frans van Houten” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,245,3350 00For
Charles Schwab00 00Not Voted
Loomis Sayles1,508,0740 00For
SEI90,9190 00For
BlackRock344,0360 00For
Russell Investments00 00Not Voted
IMPAX FUNDS SERIES TRUST I310,8860 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
CULLEN FUNDS TRUST248,6530 00For
DOMINI INVESTMENT TRUST0241,026 00Against
Empower216,9000 00For
Amplify ETF Trust203,2250 00For
Jackson National190,5690 00For
VanEck ETF Trust186,3100 00For
ADVISORS SERIES TRUST186,0300 00For
Datum One Series Trust166,6420 00For
PRIMECAP Odyssey Funds152,6000 00For
Venerable Variable Insurance Trust00 00Not Voted
Fidelity00 00Not Voted
Federated Hermes89,5280 00For
Nationwide14,2490 00For
SEI Exchange Traded Funds00 00Not Voted
Hartford55,4240 00For
Gabelli65,5000 00For
ZEVIN ASSET MANAGEMENT LLC00 00--

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

24. Re-election of Board of Director: 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 60 asset managers

The 60 asset managers below reported 12,016,330 for, 200,507 against, 12,361,492 not voted, 64,038 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: 12,016,330AGAINST: 200,507NOT VOTED: 12,361,492UNKNOWN: 64,038
Largest asset managers voting on “Re-election of Board of Director: John D. Young” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,245,3350 00For
Charles Schwab00 00Not Voted
Loomis Sayles1,508,0740 00For
SEI90,9190 00For
BlackRock344,0360 00For
Russell Investments00 00Not Voted
IMPAX FUNDS SERIES TRUST I310,8860 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
CULLEN FUNDS TRUST248,6530 00For
DOMINI INVESTMENT TRUST241,0260 00For
Empower216,9000 00For
Amplify ETF Trust203,2250 00For
Jackson National190,5690 00For
VanEck ETF Trust186,3100 00For
ADVISORS SERIES TRUST186,0300 00For
Datum One Series Trust0166,642 00Against
PRIMECAP Odyssey Funds152,6000 00For
Venerable Variable Insurance Trust00 00Not Voted
Fidelity00 00Not Voted
Federated Hermes89,5280 00For
Nationwide14,2490 00For
SEI Exchange Traded Funds00 00Not Voted
Hartford55,4240 00For
Gabelli65,5000 00For
ZEVIN ASSET MANAGEMENT LLC00 00--

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

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

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 60 asset managers

The 60 asset managers below reported 12,216,837 for, 12,361,492 not voted, 64,038 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: 12,216,837NOT VOTED: 12,361,492UNKNOWN: 64,038
Largest asset managers voting on “Re-election of Board of Director: Nancy C. Andrews” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,245,3350 00For
Charles Schwab00 00Not Voted
Loomis Sayles1,508,0740 00For
SEI90,9190 00For
BlackRock344,0360 00For
Russell Investments00 00Not Voted
IMPAX FUNDS SERIES TRUST I310,8860 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
CULLEN FUNDS TRUST248,6530 00For
DOMINI INVESTMENT TRUST241,0260 00For
Empower216,9000 00For
Amplify ETF Trust203,2250 00For
Jackson National190,5690 00For
VanEck ETF Trust186,3100 00For
ADVISORS SERIES TRUST186,0300 00For
Datum One Series Trust166,6420 00For
PRIMECAP Odyssey Funds152,6000 00For
Venerable Variable Insurance Trust00 00Not Voted
Fidelity00 00Not Voted
Federated Hermes89,5280 00For
Nationwide14,2490 00For
SEI Exchange Traded Funds00 00Not Voted
Hartford55,4240 00For
Gabelli65,5000 00For
ZEVIN ASSET MANAGEMENT LLC00 00--

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

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

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

96% of fund votes cast · no official result

FORNOT VOTED
Details: votes by 60 asset managers

The 60 asset managers below reported 11,774,766 for, 442,071 against, 12,361,492 not voted, 64,038 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: 11,774,766AGAINST: 442,071NOT VOTED: 12,361,492UNKNOWN: 64,038
Largest asset managers voting on “Re-election of Board of Director: Patrice Bula” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,245,3350 00For
Charles Schwab00 00Not Voted
Loomis Sayles1,508,0740 00For
SEI90,9190 00For
BlackRock344,0360 00For
Russell Investments00 00Not Voted
IMPAX FUNDS SERIES TRUST I310,8860 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
CULLEN FUNDS TRUST248,6530 00For
DOMINI INVESTMENT TRUST0241,026 00Against
Empower216,9000 00For
Amplify ETF Trust203,2250 00For
Jackson National190,5690 00For
VanEck ETF Trust186,3100 00For
ADVISORS SERIES TRUST186,0300 00For
Datum One Series Trust0166,642 00Against
PRIMECAP Odyssey Funds152,6000 00For
Venerable Variable Insurance Trust00 00Not Voted
Fidelity00 00Not Voted
Federated Hermes89,5280 00For
Nationwide14,2490 00For
SEI Exchange Traded Funds00 00Not Voted
Hartford55,4240 00For
Gabelli65,5000 00For
ZEVIN ASSET MANAGEMENT LLC00 00--

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

27. 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 98 asset managers

The 98 asset managers below reported 192,496,766 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: 192,496,766
Largest asset managers voting on “Approve CHF 38 Million Reduction in Share Capital via Cancellation of Repurchased Shares” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

28. Accept Financial Statements and Statutory Reports

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 98 asset managers

The 98 asset managers below reported 192,496,766 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: 192,496,766
Largest asset managers voting on “Accept Financial Statements and Statutory Reports” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

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

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 98 asset managers

The 98 asset managers below reported 192,496,766 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: 192,496,766
Largest asset managers voting on “Approve Allocation of Income and Dividends of CHF 3.70 per Share” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

30. Approve Discharge of Board and Senior Management

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 98 asset managers

The 98 asset managers below reported 192,496,766 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: 192,496,766
Largest asset managers voting on “Approve Discharge of Board and Senior Management” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

31. Approve Non-Financial Report

No official resultsCORPORATE GOVERNANCEENVIRONMENT OR CLIMATEHUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCEDIVERSITY, EQUITY, AND INCLUSION

99.9% of fund votes cast · no official result

FOR
Details: votes by 98 asset managers

The 98 asset managers below reported 189,961,533 for, 4 against, 2,535,229 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: 189,961,533AGAINST: 4ABSTAIN: 2,535,229
Largest asset managers voting on “Approve Non-Financial Report” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg00 2,137,3080Abstain
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

Showing the 25 largest of 98 asset managers. See all 98 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 99 asset managers

The 99 asset managers below reported 192,571,478 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: 192,571,478
Largest asset managers voting on “Designate Peter Zahn as Independent Proxy” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

33. Transact Other Business (Voting)

No official resultsCORPORATE GOVERNANCE

0.7% of fund votes cast · no official result

AGAINSTABSTAIN
Details: votes by 98 asset managers

The 98 asset managers below reported 986,754 for, 151,825,891 against, 39,751,179 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: 986,754AGAINST: 151,825,891ABSTAIN: 39,751,179
Largest asset managers voting on “Transact Other Business (Voting)” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard062,805,679 00Against
BlackRock00 39,015,4780Abstain
Dodge & Cox018,127,878 00Against
Goldman Sachs013,729,486 00Against
Fidelity05,615,609 00Against
MFS05,597,960 00Against
TIAA05,310,850 00Against
Dimensional04,295,055 00Against
FRANKLIN MUTUAL SERIES FUNDS04,079,426 00Against
JPMorgan03,963,270 00Against
T. Rowe Price03,949,806 00Against
JANUS INVESTMENT FUND02,673,495 00Against
Thornburg02,137,308 00Against
DWS01,816,026 00Against
Advisors' Inner Circle Fund III01,580,072 00Against
Principal01,510,684 00Against
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust0859,064 00Against
AQR0794,381 00Against
Victory Capital0762,243 00Against
Northwestern Mutual0758,996 00Against
Legg Mason0739,434 00Against
Thrivent0722,050 00Against
Lincoln Financial0703,100 7,4450Against
Columbia Threadneedle0681,119 00Against

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

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

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

FOR
Details: votes by 102 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: 93 asset managers voting on “Approve Remuneration of Executive Committee in the Amount of CHF 95 Million” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

Fund voting reports, all 93 managers: 192,477,562 for, 8,179 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 7 asset managers voting on “Approve Remuneration of Executive Committee in the Amount of CHF 95 Million” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
APG Asset Management US Inc.5,439,9030 00For
Vontobel Holding Ltd.88,8090 00For
Arjuna Capital24,3480 00For
SHELTON CAPITAL MANAGEMENT4,7250 00For
OARSMAN CAPITAL, INC.4,1530 00For
Keel Point, LLC2,1470 00For
Sepio Capital, LP1,1610 00For

Institutional-manager reports, all 7 managers: 5,565,246 for.

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

99.9% of fund votes cast · no official result

FOR
Details: votes by 100 asset managers

The 100 asset managers below reported 192,578,557 for, 8,179 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: 192,578,557AGAINST: 8,179
Largest asset managers voting on “Approve Remuneration of Directors in the Amount of CHF 8.2 Million” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

36. 5A. Binding vote on the maximum aggregate amount of compensation for the Board of Directors from the 2026 Annual…

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: description as filed, votes by 84 asset managers

Description as filed by funds: 5A. Binding vote on the maximum aggregate amount of compensation for the Board of Directors from the 2026 Annual General Meeting to the 2027 Annual General Meeting

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: 50 asset managers voting on “5A. Binding vote on the maximum aggregate amount of compensation for the Board of Directors from the 2026 Annu” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Six Circles Trust3,823,8260 00For
Investment Managers Series Trust2,112,0890 00For
Loomis Sayles1,514,2400 00For
John Hancock1,242,3190 00For
Jackson National992,9780 00For
Bridge Builder Trust968,3910 00For
HARDING LOEVNER FUNDS INC877,7350 00For
BlackRock595,3470 00For
HARBOR FUNDS332,5010 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
CULLEN FUNDS TRUST248,6530 00For
Amplify ETF Trust203,2250 00For
ADVISORS SERIES TRUST186,0300 00For
Tidal Trust IV174,0010 00For
PRIMECAP Odyssey Funds152,6000 00For
First Trust118,1040 00For
CARILLON SERIES TRUST83,6780 00For
Gabelli65,5000 00For
Natixis64,5860 00For
EA Series Trust60,2490 00For
Tema ETF Trust58,5550 00For
TRUST FOR PROFESSIONAL MANAGERS56,2310 00For
Goldman Sachs44,8980 00For
Listed Funds Trust40,3960 00For
CLEARWATER INVESTMENT TRUST30,7660 00For

Fund voting reports, all 50 managers: 14,535,248 for. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 33 asset managers voting on “5A. Binding vote on the maximum aggregate amount of compensation for the Board of Directors from the 2026 Annu” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Janney Montgomery Scott LLC362,4890 00For
UNITED CAPITAL FINANCIAL ADVISORS, LLC102,4160 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
Penobscot Investment Management Company, Inc.27,6860 00For
Dynasty Wealth Management, LLC26,5960 00For
apricus wealth, LLC24,3230 00For
MITCHELL & PAHL PRIVATE WEALTH, LLC22,3860 00For
Cascade Investment Advisors, Inc.21,2950 00For
Baker Ellis Asset Management LLC15,1500 00For
Glass Wealth Management Co LLC10,0600 00For
CARRET ASSET MANAGEMENT, LLC9,3700 00For
Hendershot Investments Inc.3,3310 00For
Laraway Financial Advisors Inc2,2670 00For
CHECK CAPITAL MANAGEMENT INC/CA2,1660 00For
American Trust Investment Advisors, LLC1,3500 00For
COOKSON PEIRCE & CO INC1,3030 00For
CRAWFORD INVESTMENT COUNSEL INC1,2990 00For
Ironwood Investment Counsel, LLC1,1840 00For
Boltwood Capital Management1,1220 00For
Wealth Alliance Advisory Group, LLC1,1000 00For
BUCKHEAD CAPITAL MANAGEMENT LLC1,0140 00For
IMA Advisory Services, Inc.7070 00For
Sendero Wealth Management, LLC5500 00For
Vancity Investment Management Ltd0505 00Against
BRADY FAMILY WEALTH, LLC3890 00For

Institutional-manager reports, all 33 managers: 640,669 for, 505 against, 93 abstained, 64,038 unknown. Showing the 25 largest; see all in the interactive database.

37. 5C. Advisory vote on the 2025 Compensation Report

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

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

FOR
Details: votes by 498 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: 52 asset managers voting on “5C. Advisory vote on the 2025 Compensation Report” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Six Circles Trust3,823,8260 00For
Investment Managers Series Trust2,112,0890 00For
Loomis Sayles1,514,2400 00For
John Hancock1,242,3190 00For
Jackson National992,9780 00For
Bridge Builder Trust968,3910 00For
HARDING LOEVNER FUNDS INC877,7350 00For
BlackRock595,3470 00For
HARBOR FUNDS332,5010 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
CULLEN FUNDS TRUST248,6530 00For
Amplify ETF Trust203,2250 00For
ADVISORS SERIES TRUST186,0300 00For
Tidal Trust IV174,0010 00For
PRIMECAP Odyssey Funds152,6000 00For
First Trust118,1040 00For
CARILLON SERIES TRUST83,6780 00For
Gabelli65,5000 00For
Natixis64,5860 00For
EA Series Trust60,2490 00For
Tema ETF Trust58,5550 00For
TRUST FOR PROFESSIONAL MANAGERS56,2310 00For
Goldman Sachs44,8980 00For
Listed Funds Trust40,3960 00For
CLEARWATER INVESTMENT TRUST30,7660 00For

Fund voting reports, all 52 managers: 14,544,342 for. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 447 asset managers voting on “5C. Advisory vote on the 2025 Compensation Report” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock62,835,0530 3,3140For
National Pension Service11,104,1200 00For
Northern Trust3,198,2720 00For
Cullen Capital Management, LLC1,731,7250 00For
Natixis1,724,9420 00For
Edward D. Jones & Co., L.P.1,375,7470 00For
RAYMOND JAMES & ASSOCIATES1,287,9380 00For
ENVESTNET ASSET MANAGEMENT INC1,215,5560 00For
WELLS FARGO CLEARING SERVICES, LLC1,119,9610 00For
Korea Investment CORP1,027,3700 00For
TRUIST FINANCIAL CORP846,4720 00For
HARDING LOEVNER LP783,3700 00For
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC516,6410 00For
BRISTOL JOHN W & CO INC /NY/376,0380 00For
WELLS FARGO BANK N A334,8990 00For
1832 Asset Management L.P.318,0260 5,9780For
Corient Private Wealth LP322,939622 00For
LPL Financial LLC300,7430 00For
ASSETMARK, INC299,1120 00For
Fiera Capital Corp264,3790 00For
PNC BANK, NATIONAL ASSOCIATION253,3380 00For
FIRST FINANCIAL BANKSHARES INC226,6310 00For
OPPENHEIMER ASSET MANAGEMENT INC.218,8080 00For
D.A. DAVIDSON & CO.210,2760 00For
US BANK NATIONAL ASSOCIATION197,4960 00For

Institutional-manager reports, all 447 managers: 96,461,657 for, 29,439 against, 15,126 abstained, 48,826 not voted, 64,038 unknown. Showing the 25 largest; see all in the interactive database.

38. APPROVE REMUNERATION REPORT

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

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

FOR
Details: votes by 107 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: 93 asset managers voting on “APPROVE REMUNERATION REPORT” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

Fund voting reports, all 93 managers: 192,477,562 for, 8,179 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 14 asset managers voting on “APPROVE REMUNERATION REPORT” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock49,293,1650 00For
JPMorgan5,930,2970 00For
APG Asset Management US Inc.5,439,9030 00For
Vontobel Holding Ltd.88,8090 00For
Wilshire Advisors LLC25,7660 00For
Plato Investment Management Ltd18,2590 00For
SHELTON CAPITAL MANAGEMENT4,7250 00For
OARSMAN CAPITAL, INC.4,1530 00For
Keel Point, LLC2,1470 00For
Sepio Capital, LP1,1610 00For
55I, LLC8290 00For
HIGHLAND CAPITAL MANAGEMENT, LLC6000 00For
Purpose Unlimited Inc.5700 00For
ESSEX INVESTMENT MANAGEMENT CO LLC2000 00For

Institutional-manager reports, all 14 managers: 60,810,584 for.

39. 5B. Binding vote on the maximum aggregate amount of compensation for the Executive Committee for the 2027 financial year

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 92 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: 50 asset managers voting on “5B. Binding vote on the maximum aggregate amount of compensation for the Executive Committee for the 2027 fina” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Six Circles Trust3,823,8260 00For
Investment Managers Series Trust2,112,0890 00For
Loomis Sayles1,514,2400 00For
John Hancock1,242,3190 00For
Jackson National992,9780 00For
Bridge Builder Trust968,3910 00For
HARDING LOEVNER FUNDS INC877,7350 00For
BlackRock595,3470 00For
HARBOR FUNDS332,5010 00For
AMANA MUTUAL FUNDS TRUST295,4000 00For
CULLEN FUNDS TRUST248,6530 00For
Amplify ETF Trust203,2250 00For
ADVISORS SERIES TRUST186,0300 00For
Tidal Trust IV174,0010 00For
PRIMECAP Odyssey Funds152,6000 00For
First Trust118,1040 00For
CARILLON SERIES TRUST83,6780 00For
Gabelli65,5000 00For
Natixis64,5860 00For
EA Series Trust60,2490 00For
Tema ETF Trust58,5550 00For
TRUST FOR PROFESSIONAL MANAGERS56,2310 00For
Goldman Sachs44,8980 00For
Listed Funds Trust40,3960 00For
CLEARWATER INVESTMENT TRUST30,7660 00For

Fund voting reports, all 50 managers: 14,535,248 for. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 41 asset managers voting on “5B. Binding vote on the maximum aggregate amount of compensation for the Executive Committee for the 2027 fina” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Janney Montgomery Scott LLC362,4890 00For
UNITED CAPITAL FINANCIAL ADVISORS, LLC102,4160 00For
Ethic Inc.81,4870 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
Penobscot Investment Management Company, Inc.27,6860 00For
Dynasty Wealth Management, LLC26,5960 00For
apricus wealth, LLC24,3230 00For
MITCHELL & PAHL PRIVATE WEALTH, LLC22,3860 00For
IQ EQ FUND MANAGEMENT (IRELAND) Ltd15,1600 00For
Baker Ellis Asset Management LLC15,1500 00For
LONGFELLOW INVESTMENT MANAGEMENT CO LLC13,6330 00For
Glass Wealth Management Co LLC10,0600 00For
CARRET ASSET MANAGEMENT, LLC9,3700 00For
PARADIGM ASSET MANAGEMENT CO LLC4,5000 00For
Hendershot Investments Inc.3,3310 00For
LCM Capital Management Inc03,222 00Against
Laraway Financial Advisors Inc2,2670 00For
MATTERN CAPITAL MANAGEMENT, LLC2,2110 00For
CHECK CAPITAL MANAGEMENT INC/CA2,1660 00For
Ariadne Wealth Management, LP1,4030 00For
American Trust Investment Advisors, LLC1,3500 00For
COOKSON PEIRCE & CO INC1,3030 00For
CRAWFORD INVESTMENT COUNSEL INC1,2990 00For
Boltwood Capital Management1,1220 00For
Wealth Alliance Advisory Group, LLC1,1000 00For

Institutional-manager reports, all 41 managers: 738,536 for, 3,727 against, 93 abstained, 64,038 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 99 asset managers

The 99 asset managers below reported 192,571,478 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: 192,571,478
Largest asset managers voting on “Ratify KPMG AG as Auditors” at Novartis AG, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard62,805,6790 00For
BlackRock39,015,4780 00For
Dodge & Cox18,127,8780 00For
Goldman Sachs13,729,4860 00For
Fidelity5,615,6090 00For
MFS5,597,9600 00For
TIAA5,310,8500 00For
Dimensional4,295,0550 00For
FRANKLIN MUTUAL SERIES FUNDS4,079,4260 00For
JPMorgan3,963,2700 00For
T. Rowe Price3,949,8060 00For
JANUS INVESTMENT FUND2,673,4950 00For
Thornburg2,137,3080 00For
DWS1,816,0260 00For
Advisors' Inner Circle Fund III1,580,0720 00For
Principal1,510,6840 00For
TWEEDY, BROWNE FUND INC.948,4850 00For
Northern Trust859,0640 00For
AQR794,3810 00For
Victory Capital762,2430 00For
Northwestern Mutual758,9960 00For
Legg Mason739,4340 00For
Thrivent722,0500 00For
Lincoln Financial710,5450 00For
Columbia Threadneedle681,1190 00For

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

Showing the 40 reported items with the widest manager coverage, of 106 in total. View every item.

Largest Novartis AG shareholders voting in 2025-2026

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 1,908,151,679 shares outstanding at the time of that meeting.

Fund voting reports: top Novartis AG shareholders by shares voted on “APPROVE REMUNERATION REPORT”, 2025-2026
#Asset manager % of shares outstanding
1Vanguard 3.29%
2BlackRock 2.04%
3Dodge & Cox 0.95%
4Goldman Sachs 0.72%
5Fidelity 0.29%
6MFS 0.29%
7TIAA 0.28%
8Dimensional 0.23%
9FRANKLIN MUTUAL SERIES FUNDS 0.21%
10JPMorgan 0.21%
Institutional-manager reports: top Novartis AG shareholders by shares voted on “5C. Advisory vote on the 2025 Compensation Report”, 2025-2026
#Asset manager % of shares outstanding
1BlackRock 3.29%
2National Pension Service 0.58%
3Northern Trust 0.17%
4Cullen Capital Management, LLC 0.09%
5Natixis 0.09%
6Edward D. Jones & Co., L.P. 0.07%
7RAYMOND JAMES & ASSOCIATES 0.07%
8ENVESTNET ASSET MANAGEMENT INC 0.06%
9WELLS FARGO CLEARING SERVICES, LLC 0.06%
10Korea Investment CORP 0.05%

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

Percentages above are of 1,908,151,679 shares outstanding, as reported by Novartis AG on its Form 20-F dated December 31, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 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, 2025. 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 6, 2026, in the 2025-2026 proxy season, 683 asset managers reported how they voted in their SEC Form N-PX filings, covering 20,035 separate fund positions. Their filings are grouped here into 106 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — 5C. Advisory vote on the 2025 Compensation Report — the reporting funds and managers cast 99.9% 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 · 2025-2026 (this page).

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