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FRANKLIN FUND ALLOCATOR SERIES 2025-2026: where it broke with the board

Two kinds of vote are listed: a board-sponsored proposal FRANKLIN FUND ALLOCATOR SERIES voted AGAINST or withheld on, and a shareholder proposal it voted FOR, with the board’s recommendation on it where the filings show one. A FOR vote on a proposal the board supported, or took no position on, is listed and labelled, but it is not a vote against the board. One row is one proposal at one meeting; “funds” is how many of the manager’s funds or accounts voted that way.

Everything Only shareholder proposals it backed

688 proposals.

FRANKLIN FUND ALLOCATOR SERIES, 2025-2026 proxy season. Who put a proposal on the ballot is taken from the filer’s own N-PX answer (Item 1(h)), or, marked “inferred”, from its category and wording where the filing does not say; see how we count these.
CompanyMeetingProposalCategory On the ballot fromBoard recommendedFRANKLIN FUND ALLOCATOR SERIES votedFunds
Thales SA May 12, 2026 Reelect Marie-Francoise Walbaum as Director Director Elections Board AGAINST 2
Thales SA May 12, 2026 Reelect Patrice Caine as Director Director Elections Board AGAINST 2
Thales SA May 12, 2026 Reelect Valerie Guillemet as Director Director Elections Board AGAINST 2
The Travelers Companies, Inc. May 20, 2026 Amendment to The Travelers Companies, Inc. Amended and Restated 2023 Stock Incentive Plan. Compensation Board AGAINST 2
UniCredit SpA March 31, 2026 Approve Second Section of the Remuneration Report Compensation Board AGAINST 2
UniCredit SpA March 31, 2026 Authorize Board to Increase Capital to Service the 2022 Group Incentive System Compensation Board AGAINST 2
Universal Health Services, Inc. May 20, 2026 Election of Director: Nina Chen-Langenmayr Director Elections Board WITHHOLD 2
Xero Limited August 21, 2025 Approve Remuneration Report Compensation Board AGAINST 2
Yangzijiang Shipbuilding (Holdings) Ltd. April 28, 2026 Approve Issuance of Equity or Equity-Linked Securities with or without Preemptive Rights Capital Structure Board AGAINST 2
Yangzijiang Shipbuilding (Holdings) Ltd. April 28, 2026 Elect Yee Kee Shian, Leon as Director Director Elections Board AGAINST 2
360 Security Technology, Inc. May 21, 2026 Approve Provision of Guarantees Capital Structure Board AGAINST 1
37 Interactive Entertainment Network Technology Group Co. Ltd. May 13, 2026 Amend Dividends Management System Capital Structure Board AGAINST 1
3SBio Inc. June 25, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
3SBio Inc. June 25, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
AXA SA April 30, 2026 Reelect Gerald Harlin as Director Director Elections Board AGAINST 1
Adani Power Limited June 25, 2026 Approve Reappointment and Remuneration of Anil Sardana as Managing Director Compensation Board AGAINST 1
Aena S.M.E. SA April 16, 2026 Reelect Maurici Lucena Betriu as Director Director Elections Board AGAINST 1
AerCap Holdings NV April 15, 2026 Approve Increase in Number of Ordinary Shares for Issuance under the Equity Incentive Plan Compensation Board AGAINST 1
AerCap Holdings NV April 15, 2026 Approve Report of the Nomination and Compensation Committee Compensation Board AGAINST 1
Albertsons Companies, Inc. August 7, 2025 Election of Directors: Sharon Allen Director Elections Board AGAINST 1
Allwyn AG May 12, 2026 Approve Remuneration Report Compensation Board AGAINST 1
Allwyn AG May 12, 2026 Approve Remuneration of Directors Compensation Board AGAINST 1
Allwyn AG May 12, 2026 Approve Remuneration of Executive Directors Compensation Board AGAINST 1
Allwyn AG May 12, 2026 Authorize Board to Make Provision for Any Distribution in the Form of New Share Capital Structure Board AGAINST 1
Aluminum Corporation of China Limited June 26, 2026 Approve Grant of General Mandate to the Board of the Company to Issue Additional H Shares Capital Structure Board AGAINST 1
Americana Restaurants International Plc December 4, 2025 Elect Abdullah Al Salihi as Director Director Elections Board ABSTAIN 1
Americana Restaurants International Plc December 4, 2025 Elect Ahmed Al Baqshi as Director Director Elections Board ABSTAIN 1
Americana Restaurants International Plc December 4, 2025 Elect Husam Al Deen Sadaqah as Director Director Elections Board ABSTAIN 1
Americana Restaurants International Plc December 4, 2025 Elect Majid Al Assaf as Director Director Elections Board ABSTAIN 1
Americana Restaurants International Plc December 4, 2025 Elect Majid Al Baddah as Director Director Elections Board ABSTAIN 1
Americana Restaurants International Plc December 4, 2025 Elect Mohammed Al Anzi as Director Director Elections Board ABSTAIN 1
Americana Restaurants International Plc December 4, 2025 Elect Mohammed bin Dawoud as Director Director Elections Board ABSTAIN 1
Americana Restaurants International Plc December 4, 2025 Elect Shabnam Mohammed as Director Director Elections Board ABSTAIN 1
Americana Restaurants International Plc December 4, 2025 Elect Tariq Al Saad as Director Director Elections Board ABSTAIN 1
Americana Restaurants International Plc December 4, 2025 Elect Thabit Al Tuweejri as Director Director Elections Board ABSTAIN 1
Americana Restaurants International Plc December 4, 2025 Elect Ziyad Al Hazimi as Director Director Elections Board ABSTAIN 1
Anker Innovations Technology Co., Ltd. May 12, 2026 Approve Credit Line Application and Guarantee Amount Capital Structure Board AGAINST 1
Anker Innovations Technology Co., Ltd. May 12, 2026 Approve Use of Idle Own Funds to Invest in Financial Products Extraordinary Transactions Board AGAINST 1
Asahi Group Holdings Ltd. March 24, 2026 Approve Allocation of Income, with a Final Dividend of JPY 26 Capital Structure Board AGAINST 1
Atlassian Corporation December 2, 2025 Approval of an amendment and restatement to our 2015 Employee Share Purchase Plan. Compensation Board AGAINST 1
Atlassian Corporation December 2, 2025 Approval of an amendment and restatement to our 2015 Share Incentive Plan. Compensation Board AGAINST 1
Atlassian Corporation December 2, 2025 Election of Directors: Michael Cannon-Brookes Director Elections Board AGAINST 1
Atlassian Corporation December 2, 2025 Election of Directors: Richard P. Wong Director Elections Board AGAINST 1
Atlassian Corporation December 2, 2025 Election of Directors: Scott Farquhar Director Elections Board AGAINST 1
Atlassian Corporation December 2, 2025 Election of Directors: Shona L. Brown Director Elections Board AGAINST 1
Banco de Chile SA March 26, 2026 Elect Hernan Buchi Buc as Director Director Elections Board AGAINST 1
Banco de Chile SA March 26, 2026 Elect Jean-Paul Luksic Fontbona as Director Director Elections Board AGAINST 1
Banco de Chile SA March 26, 2026 Elect Julio Figueroa as Director Director Elections Board AGAINST 1
Banco de Chile SA March 26, 2026 Elect Oscar Hasbun Martinez as Director Director Elections Board AGAINST 1
Banco de Chile SA March 26, 2026 Elect Pablo Granifo Lavin as Director Director Elections Board AGAINST 1
Banco de Chile SA March 26, 2026 Elect Patricio Jottar Nasrallah as Director Director Elections Board AGAINST 1
Banco de Chile SA March 26, 2026 Elect Vivianne Caumont as Director Director Elections Board AGAINST 1
Bank of Baroda June 23, 2026 Approve Reappointment and Remuneration of Lalit Tyagi as Executive Director Compensation Board AGAINST 1
Bank of Baroda June 23, 2026 Approve Reappointment and Remuneration of Sanjay Vinayak Mudaliar as Executive Director Compensation Board AGAINST 1
Bank of Baroda June 23, 2026 Elect Ashish Madhaorao More as Director Director Elections Board AGAINST 1
Bank of Shanghai Co., Ltd. August 8, 2025 Approve Adjustment of the Authorization of the General Meeting of Shareholders to the Board of Directors for the Issuance of Financial Bonds Capital Structure Board AGAINST 1
Bank of Shanghai Co., Ltd. December 26, 2025 Amend Remuneration Management System for Directors Compensation Board AGAINST 1
Berkshire Hathaway Inc. May 2, 2026 Election of Directors: Charlotte Guyman Director Elections Board WITHHOLD 1
Berkshire Hathaway Inc. May 2, 2026 Election of Directors: Kenneth I. Chenault Director Elections Board WITHHOLD 1
Berkshire Hathaway Inc. May 2, 2026 Election of Directors: Stephen B. Burke Director Elections Board WITHHOLD 1
Berkshire Hathaway Inc. May 2, 2026 Election of Directors: Susan L. Decker Director Elections Board WITHHOLD 1
Berkshire Hathaway Inc. May 2, 2026 Election of Directors: Thomas S. Murphy, Jr. Director Elections Board WITHHOLD 1
Berkshire Hathaway Inc. May 2, 2026 Non-binding resolution to approve the compensation of the Company's Named Executive Officers, as described in the 2026 Proxy Statement. Say-on-Pay Board AGAINST 1
Bezeq The Israeli Telecommunication Corp. Ltd. January 25, 2026 Approve Updated Compensation Policy for the Directors and Officers of the Company Compensation Board AGAINST 1
Bezeq The Israeli Telecommunication Corp. Ltd. April 13, 2026 Elect Shira Fayans Birenbaum as External Director and Approve Her Remuneration Director Elections Board ABSTAIN 1
Bezeq The Israeli Telecommunication Corp. Ltd. April 13, 2026 Reappoint Somekh Chaikin KPMG as Auditors Audit-related Board AGAINST 1
Bid Corp. Ltd. October 30, 2025 Approve Fees of the Non-executive Directors Compensation Board AGAINST 1
Bosideng International Holdings Limited August 20, 2025 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
Bosideng International Holdings Limited August 20, 2025 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
Bosideng International Holdings Limited August 20, 2025 Elect Dong Binggen as Director Director Elections Board AGAINST 1
Brambles Limited October 23, 2025 Elect Maxine Nicole Brenner as Director Director Elections Board AGAINST 1
Britannia Industries Limited March 14, 2026 Approve Appointment and Remuneration of Rakshit Hargave as Chief Executive Officer and Managing Director Compensation Board AGAINST 1
Bumrungrad Hospital Public Company Limited April 22, 2026 Elect Bernard Charnwut Chan as Director Director Elections Board AGAINST 1
CK Asset Holdings Limited May 21, 2026 Approve Deloitte Touche Tohmatsu as Auditor and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
CMOC Group Limited April 28, 2026 Approve Grant of General Mandate to the Board for Issuance of Additional A Shares and/or H Shares Capital Structure Board AGAINST 1
CMOC Group Limited April 28, 2026 Approve Purchase of Structured Deposit with Internal Idle Fund Extraordinary Transactions Board AGAINST 1
CMOC Group Limited April 28, 2026 Authorize Board to Decide on Issuance of Debt Financing Instruments Capital Structure Board AGAINST 1
CPFL Energia SA April 29, 2026 Approve Remuneration of Company's Management and Fiscal Council Compensation Board AGAINST 1
CPFL Energia SA April 29, 2026 Elect Mingming Chen as Fiscal Council Member and Li Ruijuan as Alternate Compensation Board ABSTAIN 1
CPFL Energia SA April 29, 2026 Elect Vinicius Nishioka as Fiscal Council Member and Luiz Claudio Gomes do Nascimento as Alternate Compensation Board ABSTAIN 1
CPFL Energia SA April 29, 2026 Ratify Peng Sun and Zhonghua Wei as Directors Director Elections Board AGAINST 1
CSPC Pharmaceutical Group Limited May 28, 2026 Adopt New Share Option Scheme Compensation Board AGAINST 1
CSPC Pharmaceutical Group Limited May 28, 2026 Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
CTBC Financial Holding Co., Ltd. June 12, 2026 Approve Issuance of Restricted Stocks Compensation Board AGAINST 1
Canara Bank June 23, 2026 Approve Appointment of Sunil Kumar Chugh as Executive Director Compensation Board AGAINST 1
Canara Bank June 23, 2026 Elect Shalini Pandit as Government Nominee Director Director Elections Board AGAINST 1
Canon, Inc. March 27, 2026 Appoint Statutory Auditor Asakura, Kaori Compensation Board AGAINST 1
China Gold International Resources Corp. Ltd. June 29, 2026 Approve the Issuance of Up to 20 Percent of the Company's Issued Capital Capital Structure Board AGAINST 1
China Gold International Resources Corp. Ltd. June 29, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
China Gold International Resources Corp. Ltd. June 29, 2026 Elect Director Chenguang Hou Director Elections Board WITHHOLD 1
China Gold International Resources Corp. Ltd. June 29, 2026 Elect Director Na Tian Director Elections Board WITHHOLD 1
China Gold International Resources Corp. Ltd. June 29, 2026 Elect Director Wanming Wang Director Elections Board WITHHOLD 1
China Gold International Resources Corp. Ltd. June 29, 2026 Elect Director Yuanhui Fu Director Elections Board WITHHOLD 1
China National Chemical Engineering Co., Ltd. June 29, 2026 Approve Formulation of the Remuneration Management Measures for Directors and Senior Management Members Compensation Board AGAINST 1
China National Chemical Engineering Co., Ltd. June 29, 2026 Approve Guarantee Plan Capital Structure Board AGAINST 1
China Oilfield Services Limited May 22, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights for Overseas-Listed Foreign Invested Shares (H Shares) Capital Structure Board AGAINST 1
China Pacific Insurance (Group) Co., Ltd. June 10, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
China Tourism Group Duty Free Corporation Limited June 26, 2026 Approve Ernst & Young Hua Ming LLP as Domestic Financial Reporting Auditors and Internal Control Auditor and Ernst & Young as International Financial Reporting Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
China Tourism Group Duty Free Corporation Limited June 26, 2026 Approve Grant of General Mandate to the Board of Directors to Issue Additional Shares Capital Structure Board AGAINST 1
China Tourism Group Duty Free Corporation Limited June 26, 2026 Elect Wang Qiang as Director Director Elections Board AGAINST 1

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Built November 1, 2026 from SEC Form N-PX filings.