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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-09485
CHOICE FUNDS
________________________________________________________________________
(Exact name of registrant as specified in charter)
5299 DTC Boulevard, Suite 1150, Englewood, Colorado 80111
(Address of principal executive offices) (Zip code)
Patrick S. Adams, President
CHOICE FUNDS
5299 DTC Boulevard, Suite 1150
Englewood, Colorado 80111
________________________________________________________________________
(Name and address of agent for service)
Registrant's telephone number, including area code: (303) 488-2200
Date of fiscal year end: October 31
Date of reporting period: July 1, 2004 - June 30, 2005
Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (ss.ss. 239.24and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control nu mber. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507. SEC 2451 (4-03) Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
ITEM 1. PROXY VOTING RECORD:
Appended hereto as Exhibit A is the following information indicating for each matter relating to a portfolio security owned by the Registrant considered at any shareholder meeting held during the twelve month period ended June 30, 2005 with respect to which the Registrant was entitled to vote:
(a). The name of the issuer of the portfolio security;
(b). The exchange ticker symbol of the portfolio security;
(c). The Council on Uniform Securities Identification Procedures ("CUSIP") number for the portfolio security;
(d). The shareholder meeting date;
(e). A brief identification of the matter voted on;
(f). Whether the matter was proposed by the issuer or by a security holder;
(g). Whether the Registrant cast its vote on the matter;
(h). How the Registrant cast its vote (e.g., for or against proposal, or abstain; for or withhold regarding election of directors); and
(i). Whether the Registrant cast its vote for or against management.
SIGNATURES
[See General Instruction F]
Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) CHOICE FUNDS
(Signature and Title)* /S/ Patrick S. Adams
Patrick S. Adams, President
Date August 15, 2005
* Print the name and title of each signing officer under his or her signature.
Choice Funds: Market Neutral Fund | | | Item 1, Exhibit A1 |
Investment Company Act file number: 811-09485 | | | | | |
July 1, 2004 - June 30, 2005 | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
Issuer | Ticker | Cusip | Meeting Date | Proposed by Issuer or Shareholder | Matter | Vote | Vote Casted | For or Against Management |
Cornerstone Realty Income Trust | CFR | 21922V102 | 3/8/2005 | I I | 1. Merger with Colonial Properties 2. Adjourn special meeting | Yes Yes | For For | For For |
Cornerstone Realty Income Trust | CFR | 21922V102 | 3/15/2005 | I I | 1. Merger with Colonial Properties 2. Adjourn special meeting | Yes Yes | For For | For For |
SBC Communications | SBC | 78387G103 | 3/30/2005 | I I I I I I | 1. Directors 2. Auditors 3. Stock purchase 4. Semi-annual report 5. Compensation report 6. Restricted shares | Yes Yes Yes Yes Yes Yes | For For For For For For | For For For For For For |
Cornerstone Realty Income Trust | CFR | 21922V102 | 4/1/2005 | I I | 1. Plan of merger with Colonial Properties 2. Adjournment of special meeting | Yes Yes | For For | For For |
Mellon Financial | MEL | 58551A108 | 4/1/2005 | I I | 1. Directors 2. Auditors | Yes Yes | For For | For For |
Mellon Financial | MEL | 58551A108 | 4/19/2005 | I I | 1. Directors 2. Auditors | Yes Yes | For For | For For |
Intel | INTC | 458140100 | 4/26/2005 | I I I I | 1. Directors 2. Auditors 3. Extension of 2004 Equity incentive plan 4. Extension of executive officer plan | Yes Yes Yes Yes | For For For For | For For For For |
Banc of America | BAC | 60505104 | 4/27/2005 | I I S S | 1. Directors 2. Auditors 3. Political contribution 4. Nomination of directors | Yes Yes Yes Yes | For For For Against | For For For Against |
Colonial Properties Trust | CLP | 195872106 | 4/27/2005 | I I | 1. Directors 2. Auditors | Yes Yes | For For | For For |
SBC Communications | SBC | 78387G103 | 4/29/2005 | I I I S S S | 1. Directors 2. Auditors 3. Stock Purhcase 4. Semi-annual reports 5. Compensation report 6. Restricted shares | Yes Yes Yes Yes Yes Yes | For For For For For For | For For For Against Against Against |
Senior Housing Authority | SNH | 81721M109 | 4/29/2005 | I | 1. Directors | Yes | For | For |
Motorolla | MOT | 620076109 | 5/2/2005 | I S S | 1. Directors 2. Non-detuctable executive compensation 3. Director election by majority vote | Yes Yes Yes | For Against Against | For For For |
Glimcher Realty Trust | GRT | 379302102 | 5/6/2005 | I I I | 1. Directors 2. Auditors 3. Other items | Yes Yes Yes | For For For | For For For |
Senior Housing Properties | SNH | 81721M109 | 5/10/2005 | I | 1. Directors | Yes | For | For |
New Century Financial | NCEN | 6435EV108 | 5/17/2005 | I I I | 1. Directors 2. Performance Incentive Plan 3. Auditors | Yes Yes Yes | For For For | For For For |
Wild Oats Market, Inc. | OATS | 96808B107 | 5/17/2005 | I I | 1. Directors 2. Auditors | Yes Yes | For For | For For |
Intel | INTC | 458140100 | 5/18/2005 | I I I I | 1. Directors 2. Auditors 3. Extension of 2004 equity incentive plan 4. Extension of executive officer plan | Yes Yes Yes Yes | For For For For | For For For For |
Juniper Networks Inc. | JNPR | 48203R104 | 5/18/2005 | I I | 1. Directors 2. Auditors | Yes Yes | For For | For For |
McData Corporation | MCDTA | 580031201 | 5/24/2005 | I I I | 1. Issuance of common stock 2. Equity incentive plan 3. Equity incentive plan to include options and equity awards | Yes Yes Yes | For For For | For For For |
MCG Capital Corporation | MCGC | 58047P107 | 5/25/2005 | I I I | 1. Directors 2. Auditors 3. Increase common stock shares | Yes Yes Yes | For For For | For For For |
Annaly Mortgage Management | NLY | 35710409 | 5/26/2005 | I I I | 1. Directors 2. Auditors 3. Performance Plan | Yes Yes Yes | For For For | For For For |
Anworth Mortgage Asset Corp | ANH | 37347101 | 5/27/2005 | I I | 1. Directors 2. Auditors | Yes Yes | For For | For For |
New York Community Bancorp | NYB | 649445103 | 6/1/2005 | I I | 1. Directors 2. Auditors | Yes Yes | For For | For For |
Friedman Billings Ramsey Group | FBR | 358434108 | 6/9/2005 | I I | 1. Directors 2. Auditors | Yes Yes | For For | For For |
Trustreet Properties, Inc. | TSY | 898404108 | 6/23/2005 | I | 1. Directors | Yes | For | For |
Trustreet Properties, Inc. | TSY | 898404108 | 6/23/2005 | I | 1. Directors | Yes | For | For |
Impac Mortgage Holdings | IMH | 45254P102 | 6/28/2005 | I | 1. Directors | Yes | For | For |
| | | | | | | | | |
Choice Funds: Long-Short Fund | | | Item 1, Exhibit A2 |
Investment Company Act file number: 811-09485 | | | |
July 1, 2004 - June 30, 2005 | | | | | |
| | | | | | | | |
Issuer | Ticker | Cusip | Meeting Date | Proposed by Issuer or Shareholder | Matter | Vote | For or Against Management |
NA | NA | NA | NA | NA | NA | NA | NA |
| | | | | | | | |
| | | | | | | | |
NA - No proxies were voted during the reporting period. | | | |
| | | | | | | | |
Choice Funds: Focus Fund | | | Item 1, Exhibit A3 |
Investment Company Act file number: 811-09485 | | | | |
July 1, 2004 - June 30, 2005 | | | | | | |
| | | | | | | | | |
Issuer | Ticker | Cusip | Meeting Date | Proposed by Issuer or Shareholder | Matter | Vote | Vote Casted | For/Against Management |
Validian | VLDI | 91915P107 | 1/26/2005 | I I I I I | 1. Directors 2. Equity Incentive Plan 3. Incentive Plan 2004 4. Articles of Incorporation 5. Auditor | Yes Yes Yes Yes Yes | For For For For For | For For For For For |
Validian | VLDI | 91915P107 | 2/25/2005 | I I I I I | 1. Directors 2. Incentive Plan 3. Incentive plan 2004 4. Articles of Incorporation 5. Auditor | Yes Yes Yes Yes Yes | For For For For For | For For For For For |
| | | | | | | | | |
Choice Funds: Balance Fund | | Item 1, Exhibit A4 |
Investment Company Act file number: 811-09485 | | | |
July 1, 2004 - September 30, 2004 (Fund Liquidated) | | | |
| | | | | | | | |
Issuer | Ticker | Cusip | Meeting Date | Proposed by Issuer or Shareholder | Matter | Vote | For or Against Management |
NA | NA | NA | NA | NA | NA | NA | NA |
| | | | | | | | |
| | | | | | | | |
NA - No proxies were voted during the reporting period. | | |
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