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

688 proposals in the 2025-2026 proxy season: FRANKLIN FUND ALLOCATOR SERIES voted against, or withheld its votes from, 680 proposals put forward by company boards, and voted for 8 shareholder proposals, by its own Form N-PX filings.

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
Mobile Telecommunications Co. KSCP April 7, 2026 Elect Abdulrazaq Razouqi as an Independent Director Director Elections Board ABSTAIN 1
Mobile Telecommunications Co. KSCP April 7, 2026 Elect Amir Al Shahoumi as a Non-Executive Director Director Elections Board ABSTAIN 1
Mobile Telecommunications Co. KSCP April 7, 2026 Elect Badr Al Qattan as an Independent Director Director Elections Board ABSTAIN 1
Mobile Telecommunications Co. KSCP April 7, 2026 Elect Fahd Al Mukhayzeem as a Non-Executive Director Director Elections Board ABSTAIN 1
Mobile Telecommunications Co. KSCP April 7, 2026 Elect Ghassan Al Hashar as a Non-Executive Director Director Elections Board ABSTAIN 1
Mobile Telecommunications Co. KSCP April 7, 2026 Elect Hamoud Al Sabah as an Independent Director Director Elections Board ABSTAIN 1
Mobile Telecommunications Co. KSCP April 7, 2026 Elect Khalid Al Thakeer as an Independent Director Director Elections Board ABSTAIN 1
Mobile Telecommunications Co. KSCP April 7, 2026 Elect Mahmoud Rasheed as an Independent Director Director Elections Board ABSTAIN 1
Mobile Telecommunications Co. KSCP April 7, 2026 Elect Marwan Salamah as a Non-Executive Director Director Elections Board ABSTAIN 1
Mobile Telecommunications Co. KSCP April 7, 2026 Elect Mishari Al Hajri as a Non-Executive Director Director Elections Board ABSTAIN 1
Mobile Telecommunications Co. KSCP April 7, 2026 Elect Munthir Al Omani as an Independent Director Director Elections Board ABSTAIN 1
Mobile Telecommunications Co. KSCP April 7, 2026 Elect Musaid Al Mutawaa as an Independent Director Director Elections Board ABSTAIN 1
Mobile Telecommunications Co. KSCP April 7, 2026 Elect Saad Al Nahidh as an Independent Director Director Elections Board ABSTAIN 1
Muthoot Finance Limited August 30, 2025 Approve Reappointment and Remuneration of Alexander George as Whole Time Director Compensation Board AGAINST 1
NMDC Limited August 28, 2025 Elect Achal Kumar Sinha as Director Director Elections Board AGAINST 1
NMDC Limited August 28, 2025 Elect Amitava Mukherjee as Director and Approve Appointment of Amitava Mukherjee as Chairman and Managing Director Director Elections Board AGAINST 1
NMDC Limited August 28, 2025 Elect Ashish Chatterjee as Director Director Elections Board AGAINST 1
NMDC Limited August 28, 2025 Elect Priyadarshini Gaddam as Director Director Elections Board AGAINST 1
NMDC Limited August 28, 2025 Reelect Sanjay Tandon as Director Director Elections Board AGAINST 1
NMDC Limited August 28, 2025 Reelect Vinay Kumar as Director Director Elections Board AGAINST 1
NMDC Limited August 28, 2025 Reelect Vishwanath Suresh as Director Director Elections Board AGAINST 1
NTPC Limited August 29, 2025 Approve Reappointment of Gurdeep Singh as Chairman and Managing Director Compensation Board AGAINST 1
NTPC Limited August 29, 2025 Elect Anil Kumar Gupta as Director Director Elections Board AGAINST 1
NTPC Limited August 29, 2025 Elect Kanchiappan Ghayathri Devi as Director Director Elections Board AGAINST 1
NTPC Limited August 29, 2025 Elect Pankaj Gupta as Director Director Elections Board AGAINST 1
NTPC Limited August 29, 2025 Elect Sushil Kumar Choudhary as Director Director Elections Board AGAINST 1
NTPC Limited August 29, 2025 Reelect Anil Kumar Jadli as Director Director Elections Board AGAINST 1
NTPC Limited August 29, 2025 Reelect Jaikumar Srinivasan as Director Director Elections Board AGAINST 1
NTPC Limited August 29, 2025 Reelect Shivam Srivastava as Director Director Elections Board AGAINST 1
National Bank of Kuwait SAK March 14, 2026 Authorize Issuance of Bonds and Authorize the Board to Assign any Delegate to Take All the Necessary Procedures Capital Structure Board AGAINST 1
National Bank of Kuwait SAK March 14, 2026 Authorize Issuance of Loans, Guarantees and Facilities to Directors for FY 2026 Compensation Board AGAINST 1
Nongfu Spring Co., Ltd. May 19, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
Novo Nordisk A/S March 26, 2026 Reelect Britt Meelby Jensen as Director Director Elections Board ABSTAIN 1
Novo Nordisk A/S March 26, 2026 Reelect Kasim Kutay as Director Director Elections Board ABSTAIN 1
Novo Nordisk A/S March 26, 2026 Reelect Lars Rebien Sorensen (Chair) as Director Director Elections Board ABSTAIN 1
OTP Bank Nyrt April 17, 2026 Approve Remuneration Policy Compensation Board AGAINST 1
OTP Bank Nyrt April 17, 2026 Approve Remuneration of Management Board, Supervisory Board, and Audit Committee Members Compensation Board AGAINST 1
OTP Bank Nyrt April 17, 2026 Elect Jozsef Horvath as Audit Committee Member Director Elections Board AGAINST 1
OTP Bank Nyrt April 17, 2026 Elect Jozsef Horvath as Supervisory Board Member Director Elections Board AGAINST 1
OTP Bank Nyrt April 17, 2026 Elect Tibor Tolnay as Audit Committee Member Director Elections Board AGAINST 1
OTP Bank Nyrt April 17, 2026 Elect Tibor Tolnay as Supervisory Board Member Director Elections Board AGAINST 1
OTP Bank Nyrt April 17, 2026 Receive Report on Share Repurchase Program; Authorize Share Repurchase Program Capital Structure Board AGAINST 1
OUTsurance Group Ltd. November 25, 2025 Approve Non-executive Directors' Remuneration Compensation Board AGAINST 1
OUTsurance Group Ltd. November 25, 2025 Re-elect Jannie Durand as Director Director Elections Board AGAINST 1
Oracle Corporation November 18, 2025 Advisory Vote to Approve the Compensation of our Named Executive Officers Say-on-Pay Board AGAINST 1
Oracle Corporation November 18, 2025 Election of Directors: Awo Ablo Director Elections Board WITHHOLD 1
Oracle Corporation November 18, 2025 Election of Directors: Bruce R. Chizen Director Elections Board WITHHOLD 1
Otis Worldwide Corporation May 27, 2026 Shareholder proposal regarding reporting on political contributions and expenditures Other Social Issues Shareholder Against FOR 1
PDD Holdings Inc. December 19, 2025 Elect Director Haifeng Lin Director Elections Board AGAINST 1
PDD Holdings Inc. December 19, 2025 Elect Director Jiazhen Zhao Director Elections Board AGAINST 1
PDD Holdings Inc. December 19, 2025 Elect Director Lei Chen Director Elections Board AGAINST 1
PGE Polska Grupa Energetyczna SA June 18, 2026 Approve Remuneration Report Compensation Board AGAINST 1
PGE Polska Grupa Energetyczna SA June 18, 2026 Elect Supervisory Board Member Director Elections Board AGAINST 1
PGE Polska Grupa Energetyczna SA June 18, 2026 Recall Supervisory Board Member Director Elections Board AGAINST 1
PI Industries Limited August 14, 2025 Approve Reappointment and Remuneration of Mayank Singhal as Vice Person and Managing Director Compensation Board AGAINST 1
PI Industries Limited August 14, 2025 Approve Reappointment and Remuneration of Rajnish Sarna as Joint Managing Director Compensation Board AGAINST 1
PT Telkom Indonesia (Persero) Tbk September 16, 2025 Approve Changes in the Boards of the Company Director Elections Board AGAINST 1
Palantir Technologies Inc. June 3, 2026 Advisory vote to approve named executive officer compensation. Say-on-Pay Board AGAINST 1
Palantir Technologies Inc. June 3, 2026 Election of Directors: Alexander Karp Director Elections Board WITHHOLD 1
Palantir Technologies Inc. June 3, 2026 Election of Directors: Alexander Moore Director Elections Board WITHHOLD 1
Palantir Technologies Inc. June 3, 2026 Election of Directors: Alexandra Schiff Director Elections Board WITHHOLD 1
Palantir Technologies Inc. June 3, 2026 Election of Directors: Peter Thiel Director Elections Board WITHHOLD 1
Palantir Technologies Inc. June 3, 2026 Election of Directors: Stephen Cohen Director Elections Board WITHHOLD 1
Palantir Technologies Inc. June 3, 2026 Stockholder proposal entitled "Political Spending Disclosure," if properly presented at the Annual Meeting. Other Social Issues Shareholder Against FOR 1
Pandora AS March 11, 2026 Approve Remuneration Report (Advisory Vote) Compensation Board AGAINST 1
Pearson Plc May 1, 2026 Approve Remuneration Policy Compensation Board AGAINST 1
Pidilite Industries Limited August 6, 2025 Approve Appointment and Remuneration of Swaminathan K as Whole Time Director designated as Director - Operations Compensation Board AGAINST 1
Pidilite Industries Limited August 6, 2025 Approve Reappointment and Remuneration of A N Parekh as Whole-Time Director Compensation Board AGAINST 1
Pidilite Industries Limited August 6, 2025 Elect Swaminathan K as Director Director Elections Board AGAINST 1
Pidilite Industries Limited August 6, 2025 Reelect A N Parekh as Director Director Elections Board AGAINST 1
Pidilite Industries Limited August 6, 2025 Reelect Sandeep Batra as Director Director Elections Board AGAINST 1
Pilgrim's Pride Corporation April 29, 2026 A stockholder proposal to provide a political spending disclosure. Other Social Issues Shareholder Against FOR 1
Pilgrim's Pride Corporation April 29, 2026 Election of Directors: JBS Directors: Andre Nogueira de Souza Director Elections Board WITHHOLD 1
Pilgrim's Pride Corporation April 29, 2026 Election of Directors: JBS Directors: Gilberto Tomazoni Director Elections Board WITHHOLD 1
Pilgrim's Pride Corporation April 29, 2026 Election of Directors: JBS Directors: Joanita Karoleski Director Elections Board WITHHOLD 1
Pilgrim's Pride Corporation April 29, 2026 Election of Directors: JBS Directors: Joesley Mendonca Batista Director Elections Board WITHHOLD 1
Pilgrim's Pride Corporation April 29, 2026 Election of Directors: JBS Directors: Wesley Mendonca Batista Director Elections Board WITHHOLD 1
Pilgrim's Pride Corporation April 29, 2026 Election of Directors: JBS Directors: Wesley Mendonca Batista Filho Director Elections Board WITHHOLD 1
Powszechny Zaklad Ubezpieczen SA June 18, 2026 Approve Remuneration Report Compensation Board AGAINST 1
Prologis, Inc. April 28, 2026 Advisory Vote to Approve the Company's Executive Compensation for 2025. Say-on-Pay Board AGAINST 1
Public Storage May 6, 2026 Election of Trustees: Shankh S. Mitra Director Elections Board AGAINST 1
Ralph Lauren Corporation July 31, 2025 Election of three (3) Class A Directors. Nominees as Class A Directors: Angela Ahrendts Director Elections Board WITHHOLD 1
Ralph Lauren Corporation July 31, 2025 Election of three (3) Class A Directors. Nominees as Class A Directors: Darren Walker Director Elections Board WITHHOLD 1
Reinet Investments SCA August 26, 2025 Approve Share Repurchase Capital Structure Board AGAINST 1
Reinet Investments SCA August 26, 2025 Reelect John Li as Board of Overseers Member Director Elections Board AGAINST 1
Reliance Industries Ltd. July 29, 2025 Approve Appointment and Remuneration of Anant M. Ambani as Whole-Time Director, designated as an Executive Director Compensation Board AGAINST 1
Reliance Industries Ltd. July 29, 2025 Approve Reappointment and Remuneration of Hital R. Meswani as Whole-Time Director, designated as an Executive Director Compensation Board AGAINST 1
Reliance Industries Ltd. July 29, 2025 Elect Dinesh Kanabar as Director Director Elections Board AGAINST 1
Reliance Industries Ltd. August 29, 2025 Elect Isha M. Ambani as Director Director Elections Board AGAINST 1
Reliance Industries Ltd. August 29, 2025 Elect Nikhil R. Meswani as Director Director Elections Board AGAINST 1
Reliance Industries Ltd. June 19, 2026 Elect Akash M. Ambani as Director Director Elections Board AGAINST 1
Reliance Industries Ltd. June 19, 2026 Elect Anant M. Ambani as Director Director Elections Board AGAINST 1
RingCentral, Inc. December 31, 2025 To approve, on an advisory, non-binding basis, the named executive officers' compensation, as disclosed in the proxy statement (Proposal Three). Say-on-Pay Board AGAINST 1
Riyad Bank October 28, 2025 Elect Abdullah Al Issa as Director Director Elections Board ABSTAIN 1
Riyad Bank October 28, 2025 Elect Abdulrahman Trabzoni as Director Director Elections Board ABSTAIN 1
Riyad Bank October 28, 2025 Elect Amr Al Madhi as Director Director Elections Board ABSTAIN 1
Riyad Bank October 28, 2025 Elect Hani Al Jihani as Director Director Elections Board ABSTAIN 1
Riyad Bank October 28, 2025 Elect Ibraheem Sharbatli as Director Director Elections Board ABSTAIN 1
Riyad Bank October 28, 2025 Elect Mansour Al Mansour as Director Director Elections Board ABSTAIN 1
Riyad Bank October 28, 2025 Elect Muataz Al Azzawi as Director Director Elections Board ABSTAIN 1

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Built November 7, 2026 from SEC Form N-PX filings.