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Franklin U.S. Large Cap Equity Fund (LMUPX) proxy voting record 2026
Three of its ballots from this season. Vote first, then see what it did with the shares your savings paid for.
The question on the ballot
As filed
Legg Mason Partners Investment Trust files this fund's proxy votes with the SEC once a year. This is what it did with the shares your retirement savings paid for.
SourceProxy-voting record filed by Legg Mason Partners Investment Trust on 2026-08-14 · open the filing · vote table (ProxyVotingTable.xml, 16 MB)
TickersLMUPX (Class A), LMUGX (Class C), LMUSX (Class FI), LMUOX (Class R), LMTIX (Class I), LMISX (Class IS) · share classes of one fund, with one proxy-voting record · as listed in its latest SEC filing of proxy votes
How it voted, by issue
Fund companies sometimes file the same proposal under different subjects. So that funds can be compared, each proposal is counted under the subject most of the filings we read gave it, the same for every fund on this site. Counted by this fund’s own filing alone, 1 of its 157 shareholder proposals would sit under a different issue, or under none. On management's own executive pay resolutions, this fund voted in favour 86.1% of the time across 101 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 35 | 0 | 0% |
| Workers & human rights | 17 | 2 | 11.8% |
| Pay equity & inclusion | 3 | 0 | 0% |
| Executive pay | 4 | 2 | 50% |
| Corporate governance | 65 | 34 | 52.3% |
| Other social issues | 33 | 5 | 15.2% |
Ballots it voted
NVIDIA Corporation · 24 June 2026 · put on the ballot by shareholder · Climate & environment
Should Nvidia publish a fuller account of its emissions and how it plans to cut them?
Shareholders asked the company to disclose its greenhouse gas emissions more completely, or to have its reduction targets independently assessed, so that the plan can be checked rather than taken on trust.
AGAINST Franklin U.S. Large Cap Equity Fund voted with 189,077 shares
“Approval of a non-binding stockholder proposal requesting reporting on greenhouse gas emissions from the use of our sold products.”
SourceLegg Mason Partners Investment Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351490 · series S000022091 · open the filing
Amazon.com, Inc. · 20 May 2026 · put on the ballot by shareholder · Climate & environment
Should Amazon.com report what its data centres do to its climate commitments?
Shareholders asked for a report on the electricity and water its data-centre build-out consumes, and on whether the growth in that demand can be squared with the emissions targets the company has already committed to.
AGAINST Franklin U.S. Large Cap Equity Fund voted with 60,280 shares
“SHAREHOLDER PROPOSAL REQUESTING ADDITIONAL REPORTING ON IMPACT OF DATA CENTERS ON CLIMATE COMMITMENTS”
SourceLegg Mason Partners Investment Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351490 · series S000022091 · open the filing
Microsoft Corporation · 5 December 2025 · put on the ballot by shareholder · Workforce & human rights
Should Microsoft assess the human rights risks its own operations create?
Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.
FOR Franklin U.S. Large Cap Equity Fund voted with 50,655 shares
“Report on Data Operations in Human Rights Hotspots”
SourceLegg Mason Partners Investment Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351490 · series S000022091 · open the filing
Microsoft Corporation · 5 December 2025 · put on the ballot by shareholder · Workforce & human rights
Should Microsoft assess the human rights risks its own operations create?
Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.
FOR Franklin U.S. Large Cap Equity Fund voted with 50,655 shares
“Report on Human Rights Due Diligence”
SourceLegg Mason Partners Investment Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351490 · series S000022091 · open the filing
AT&T Inc. · 14 May 2026 · put on the ballot by shareholder · Pay equity & inclusion
Should AT&T publish the workforce breakdown it already files with the government?
Shareholders asked the company to publish its EEO-1 report — the table of employees by job category, race and sex that it is already required to submit to federal regulators — instead of keeping it confidential.
AGAINST Franklin U.S. Large Cap Equity Fund voted with 126,421 shares
“EEO-1 Report Disclosure Policy”
SourceLegg Mason Partners Investment Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351490 · series S000022091 · open the filing
Fastenal Company · 23 April 2026 · put on the ballot by shareholder · Pay equity & inclusion
Should Fastenal publish the workforce breakdown it already files with the government?
Shareholders asked the company to publish its EEO-1 report — the table of employees by job category, race and sex that it is already required to submit to federal regulators — instead of keeping it confidential.
AGAINST Franklin U.S. Large Cap Equity Fund voted with 45,129 shares
“Shareholder proposal relating to an EEO-1 reporting disclosure policy, if properly presented at the annual meeting.”
SourceLegg Mason Partners Investment Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351490 · series S000022091 · open the filing
CF Industries Holdings, Inc. · 28 April 2026 · put on the ballot by shareholder · Executive pay
Should shareholders get a vote before CF Industries Holdings pays a departing executive?
Shareholders asked the company to seek shareholder approval for any severance package to a senior executive above a set multiple of salary and bonus — so that very large exit payments cannot be agreed by the board alone.
FOR Franklin U.S. Large Cap Equity Fund voted with 27,677 shares
“Shareholder proposal regarding shareholder approval requirement for excessive golden parachutes, if properly presented at the meeting.”
SourceLegg Mason Partners Investment Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351490 · series S000022091 · open the filing
Meta Platforms, Inc. · 27 May 2026 · put on the ballot by shareholder · Executive pay
Regarding annual vote regarding executive pay.
FOR Franklin U.S. Large Cap Equity Fund voted with 19,193 shares
“A shareholder proposal regarding annual vote regarding executive pay.”
SourceLegg Mason Partners Investment Trust, Form N-PX filed 2026-08-14 · accession 0001193125-26-351490 · series S000022091 · open the filing
Other funds Legg Mason Partners Investment Trust votes
The same filer reports these alongside this one, in the same annual filing.
No 401(k) plan we index offers this fund. Its record is here because the fund files it with the SEC, as every fund must: whoever holds it, in an IRA, a brokerage account or a plan we have not indexed, the fund votes those shares as shown on this page.