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Putnam U.S. Research Fund (PNRAX) 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
Putnam Investment Funds 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 Putnam Investment Funds on 2026-08-21 · open the filing · vote table (proxyvote.xml, 5.1 MB)
TickersPNRAX (Class A Shares), PRACX (Class C Shares), PRSRX (Class R Shares), PURYX (Class Y Shares) · 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 92.7% of the time across 110 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 36 | 0 | 0% |
| Workers & human rights | 13 | 0 | 0% |
| Pay equity & inclusion | 1 | 0 | 0% |
| Executive pay | 3 | 1 | 33.3% |
| Corporate governance | 63 | 13 | 20.6% |
| Other social issues | 41 | 0 | 0% |
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 Putnam U.S. Research Fund voted with 233,295 shares
“Approval of a non-binding stockholder proposal requesting reporting on greenhouse gas emissions from the use of our sold products.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourcePutnam Investment Funds, Form N-PX filed 2026-08-21 · accession 0001193125-26-360908 · series S000003853 · 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 Putnam U.S. Research Fund voted with 122,342 shares
“SHAREHOLDER PROPOSAL REQUESTING ADDITIONAL REPORTING ON IMPACT OF DATA CENTERS ON CLIMATE COMMITMENTS”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourcePutnam Investment Funds, Form N-PX filed 2026-08-21 · accession 0001193125-26-360908 · series S000003853 · 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.
AGAINST Putnam U.S. Research Fund voted with 98,475 shares
“Report on Data Operations in Human Rights Hotspots”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourcePutnam Investment Funds, Form N-PX filed 2026-08-21 · accession 0001193125-26-360908 · series S000003853 · 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.
AGAINST Putnam U.S. Research Fund voted with 98,475 shares
“Report on Human Rights Due Diligence”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourcePutnam Investment Funds, Form N-PX filed 2026-08-21 · accession 0001193125-26-360908 · series S000003853 · open the filing
The Coca-Cola Company · 29 April 2026 · put on the ballot by shareholder · Pay equity & inclusion
Should Coca-Cola publish what its inclusion policies actually do for its workforce?
Shareholders asked for a report on the company’s LGBTQIA+ equity and inclusion efforts within its human capital management strategy — what the policies are, how they are measured, and what they have changed for employees.
AGAINST Putnam U.S. Research Fund voted with 87,386 shares
“Vote on a shareowner proposal requesting a report on the extent of the Company's diversity, equity and inclusion efforts”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourcePutnam Investment Funds, Form N-PX filed 2026-08-21 · accession 0001193125-26-360908 · series S000003853 · open the filing
Tesla, Inc. · 6 November 2025 · put on the ballot by shareholder · Executive pay
Regarding adopting targets and reporting on metrics to assess the feasibility of integrating sustainability metrics into senior executive compensation plans.
AGAINST Putnam U.S. Research Fund voted with 40,480 shares
“A shareholder proposal regarding adopting targets and reporting on metrics to assess the feasibility of integrating sustainability metrics into senior executive compensation plans.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourcePutnam Investment Funds, Form N-PX filed 2026-08-21 · accession 0001193125-26-360908 · series S000003853 · open the filing
Capital One Financial Corporation · 8 May 2026 · put on the ballot by shareholder · Executive pay
Should shareholders get a vote before Capital One Financial 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.
AGAINST Putnam U.S. Research Fund voted with 33,294 shares
“Stockholder proposal to require a shareholder vote on golden parachute arrangements.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourcePutnam Investment Funds, Form N-PX filed 2026-08-21 · accession 0001193125-26-360908 · series S000003853 · open the filing
NVIDIA Corporation · 24 June 2026 · put on the ballot by shareholder
Should a simple majority be enough to pass a measure at Nvidia?
Shareholders asked the company to replace its supermajority voting requirements with a simple majority, so that a measure supported by most shares actually carries.
AGAINST Putnam U.S. Research Fund voted with 233,295 shares
“Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting provisions in our charter and bylaws with a simple majority voting standard.”
The column headers and this one row, lifted unaltered out of EDGAR’s rendering of the filing.
SourcePutnam Investment Funds, Form N-PX filed 2026-08-21 · accession 0001193125-26-360908 · series S000003853 · open the filing
Every Putnam fund we track, and how each one voted →
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