Mutual Fund Family
| How Putnam Investments Voted: | ||||
|---|---|---|---|---|
| Proposal Category | % Votes to Constrain Pay | Median Mutual Fund Vote | Grade | Average Grade |
Shareholder Proposals  Shareholder proposals to reform executive compensation are submitted by shareholders for a vote at company annual meetings. |
6.67% | 40.31% | D | C- |
| Executive Pay Plans Executive compensation plans are submitted by management for shareholder approval at annual meetings. |
18.71% | 12.29% | B | |
| Say-on-Pay Votes Say-on-pay votes are advisory resolutions on executive compensation submitted by management for shareholder approval at annual meetings. |
7.47% | 11.95% | D | |
| Grade calculations are based on a total of 1511 observed votes. See Methodology. | ||||
