Appleton Funds N-PX Annual report of proxy voting record

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-10201

The Appleton Funds

(Exact name of registrant as specified in charter)

45 Milk Street

Boston, Massachusetts 02109

(Address of principal executive offices) (Zip code)

James I. Ladge

45 Milk Street

Boston, Massachusetts 02109

(Name and Address of Agent for Service)

Registrant’s telephone number, including area code: (617) 338-0700

Date of fiscal year end: December 31

Date of reporting period: July 1, 2011 to June 30, 2012

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 (§§ 239.24 and 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 number. 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. § 3507.

Item 1. Proxy Voting Record

Proxy Voting Record

Meeting Date Range: 01-Jul-2011 To 30-Jun-2012

Selected Accounts

TEVA PHARMACEUTICAL INDUSTRIES LIMITED
Security:	881624209		Meeting Type:	Annual
Ticker:	TEVA		Meeting Date:	19-Sep-2011
ISIN	US8816242098		Vote Deadline Date:	08-Sep-2011
Agenda	933499104	Management	Total Ballot Shares:	34175
Last Vote Date:	08-Sep-2011

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	APPROVE RESOLUTION OF THE BOARD TO DECLARE & DISTRIBUTE CASH DIVIDEND FOR YEAR DECEMBER 31, 2010, PAID IN FOUR INSTALLMENTS IN AN AGGREGATE AMOUNT OF NIS 2.90 PER ORDINARY SHARE (OR ADS).	For	4000	0	0	0
2	TO APPOINT MR. CHAIM HURVITZ TO THE BOARD OF DIRECTORS.	For	4000	0	0	0
3	TO APPOINT MR. ORY SLONIM TO THE BOARD OF DIRECTORS.	For	4000	0	0	0
4	TO APPOINT MR. DAN SUESSKIND TO THE BOARD OF DIRECTORS.	For	4000	0	0	0
5	APPOINT MR. JOSEPH (YOSSI) NITZANI AS A STATUTORY INDEPENDENT DIRECTOR, ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT.	For	4000	0	0	0
6	APPOINT PROF. DAFNA SCHWARTZ AS A STATUTORY INDEPENDENT DIRECTOR, ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT.	For	4000	0	0	0
7	APPOINT KESSELMAN & KESSELMAN, MEMBER OF PRICEWATERHOUSECOOPERS INTERNATIONAL LTD., AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM, ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT.	For	4000	0	0	0
8	TO APPROVE THE PURCHASE OF DIRECTORS’ & OFFICERS’ LIABILITY INSURANCE, ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT.	For	4000	0	0	0
9	TO APPROVE AN INCREASE IN THE REMUNERATION FOR PROF. MOSHE MANY IN HIS CAPACITY AS VICE CHAIRMAN OF THE BOARD OF DIRECTORS, ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT.	For	4000	0	0	0

Page 1 of 43 Friday, July 27, 2012

Proxy Voting Record

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
10	APPROVE REIMBURSEMENT OF EXPENSES TO DR. PHILLIP FROST, CHAIRMAN OF BOARD, ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT.	For	4000	0	0	0

Page 2 of 43 Friday, July 27, 2012

Proxy Voting Record

ORACLE CORPORATION
Security:	68389X105		Meeting Type:	Annual
Ticker:	ORCL		Meeting Date:	12-Oct-2011
ISIN	US68389X1054		Vote Deadline Date:	11-Oct-2011
Agenda	933499813	Management	Total Ballot Shares:	71355
Last Vote Date:	04-Oct-2011

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR	For
	1       JEFFREY S. BERG		11100	0	0	0
	2       H. RAYMOND BINGHAM		11100	0	0	0
	3       MICHAEL J. BOSKIN		11100	0	0	0
	4       SAFRA A. CATZ		11100	0	0	0
	5       BRUCE R. CHIZEN		11100	0	0	0
	6       GEORGE H. CONRADES		11100	0	0	0
	7       LAWRENCE J. ELLISON		11100	0	0	0
	8       HECTOR GARCIA-MOLINA		11100	0	0	0
	9       JEFFREY O. HENLEY		11100	0	0	0
	10     MARK V. HURD		11100	0	0	0
	11     DONALD L. LUCAS		11100	0	0	0
	12     NAOMI O. SELIGMAN		11100	0	0	0
2	ADVISORY VOTE ON EXECUTIVE COMPENSATION.	For	11100	0	0	0
Item	Proposal	Recommendation	1 Year	2 Years	3 Years	Abstain	Take No Action
3	ADVISORY VOTE ON THE FREQUENCY OF FUTURE VOTES RELATING TO EXECUTIVE COMPENSATION.	None	0	0	0	0	0
Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
4	PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG AS THE INDEPENDENT PUBLIC ACCOUNTING FIRM FOR FISCAL 2012.	For	11100	0	0	0
5	ACT ON A STOCKHOLDER PROPOSAL REGARDING EQUITY RETENTION.	Against	0	11100	0	0

Page 3 of 43 Friday, July 27, 2012

Proxy Voting Record

PERRIGO COMPANY
Security:	714290103		Meeting Type:	Annual
Ticker:	PRGO		Meeting Date:	26-Oct-2011
ISIN	US7142901039		Vote Deadline Date:	25-Oct-2011
Agenda	933508496	Management	Total Ballot Shares:	19685
Last Vote Date:	04-Oct-2011

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR	For
	1       GARY K. KUNKLE, JR.		2400	0	0	0
	2       HERMAN MORRIS, JR.		2400	0	0	0
	3       BEN-ZION ZILBERFARB		2400	0	0	0
2	AN ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE COMPANY’S NAMED EXECUTIVE OFFICERS.	For	2400	0	0	0
Item	Proposal	Recommendation	1 Year	2 Years	3 Years	Abstain	Take No Action
3	AN ADVISORY VOTE ON THE FREQUENCY OF ADVISORY VOTES ON THE COMPENSATION OF THE COMPANY’S NAMED EXECUTIVE OFFICERS.	1 Year	2400	0	0	0	0
Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
4	RATIFICATION OF APPOINTMENT OF ERNST & YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2012.	For	2400	0	0	0

Page 4 of 43 Friday, July 27, 2012

Proxy Voting Record

BHP BILLITON LIMITED
Security:	088606108		Meeting Type:	Annual
Ticker:	BHP		Meeting Date:	17-Nov-2011
ISIN	US0886061086		Vote Deadline Date:	09-Nov-2011
Agenda	933510504	Management	Total Ballot Shares:	25549
Last Vote Date:	07-Nov-2011

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	TO RECEIVE THE 2011 FINANCIAL STATEMENTS AND REPORTS FOR BHP BILLITON LIMITED AND BHP BILLITON PLC	For	3000	0	0	0
2	TO ELECT LINDSAY MAXSTED AS A DIRECTOR OF BHP BILLITON LIMITED AND BHP BILLITON PLC	For	3000	0	0	0
3	TO ELECT SHRITI VADERA AS A DIRECTOR OF BHP BILLITON LIMITED AND BHP BILLITON PLC	For	3000	0	0	0
4	TO RE-ELECT MALCOLM BROOMHEAD AS A DIRECTOR OF BHP BILLITON LIMITED AND BHP BILLITON PLC	For	3000	0	0	0
5	TO RE-ELECT JOHN BUCHANAN AS A DIRECTOR OF BHP BILLITON LIMITED AND BHP BILLITON PLC	For	3000	0	0	0
6	TO RE-ELECT CARLOS CORDEIRO AS A DIRECTOR OF BHP BILLITON LIMITED AND BHP BILLITON PLC	For	3000	0	0	0
7	TO RE-ELECT DAVID CRAWFORD AS A DIRECTOR OF BHP BILLITON LIMITED AND BHP BILLITON PLC	For	3000	0	0	0
8	TO RE-ELECT CAROLYN HEWSON AS A DIRECTOR OF BHP BILLITON LIMITED AND BHP BILLITON PLC	For	3000	0	0	0
9	TO RE-ELECT MARIUS KLOPPERS AS A DIRECTOR OF BHP BILLITON LIMITED AND BHP BILLITON PLC	For	3000	0	0	0
10	TO RE-ELECT WAYNE MURDY AS A DIRECTOR OF BHP BILLITON LIMITED AND BHP BILLITON PLC	For	3000	0	0	0
11	TO RE-ELECT KEITH RUMBLE AS A DIRECTOR OF BHP BILLITON LIMITED AND BHP BILLITON PLC	For	3000	0	0	0
12	TO RE-ELECT JOHN SCHUBERT AS A DIRECTOR OF BHP BILLITON LIMITED AND BHP BILLITON PLC	For	3000	0	0	0
13	TO RE-ELECT JACQUES NASSER AS A DIRECTOR OF BHP BILLITON LIMITED AND BHP BILLITON PLC	For	3000	0	0	0
14	TO REAPPOINT KPMG AUDIT PLC AS THE AUDITOR OF BHP BILLITON PLC	For	3000	0	0	0
15	TO RENEW THE GENERAL AUTHORITY TO ISSUE SHARES IN BHP BILLITON PLC	For	3000	0	0	0

Page 5 of 43 Friday, July 27, 2012

Proxy Voting Record

Item	Proposal		Recommendation	For	Against	Abstain	Take No Action
16	TO APPROVE THE AUTHORITY TO ISSUE SHARES IN BHP BILLITON PLC FOR CASH		For	3000	0	0	0
17	TO APPROVE THE REPURCHASE OF SHARES IN BHP BILLITON PLC		For	3000	0	0	0
18	TO APPROVE THE 2011 REMUNERATION REPORT	��	For	3000	0	0	0
19	TO APPROVE TERMINATION BENEFITS FOR GROUP MANAGEMENT COMMITTEE MEMBERS		For	3000	0	0	0
20	TO APPROVE THE GRANT OF AWARDS TO MARIUS KLOPPERS UNDER THE GIS AND THE LTIP		For	3000	0	0	0

Page 6 of 43 Friday, July 27, 2012

Proxy Voting Record

AMERICAN TOWER CORPORATION
Security:	029912201		Meeting Type:	Special
Ticker:	AMT		Meeting Date:	29-Nov-2011
ISIN	US0299122012		Vote Deadline Date:	28-Nov-2011
Agenda	933516037	Management	Total Ballot Shares:	37628
Last Vote Date:	07-Nov-2011

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	PROPOSAL TO ADOPT THE AGREEMENT AND PLAN OF MERGER, DATED AS OF AUGUST 24, 2011, BETWEEN AMERICAN TOWER CORPORATION AND AMERICAN TOWER REIT, INC., WHICH IS PART OF THE REORGANIZATION OF AMERICAN TOWER’S OPERATIONS THROUGH WHICH AMERICAN TOWER INTENDS TO QUALIFY AS A REIT FOR FEDERAL INCOME TAX PURPOSES.	For	4750	0	0	0
2	PROPOSAL TO PERMIT THE BOARD OF DIRECTORS OF AMERICAN TOWER CORPORATION TO ADJOURN THE SPECIAL MEETING, IF NECESSARY, TO SOLICIT ADDITIONAL PROXIES IN THE EVENT THAT THERE ARE NOT SUFFICIENT VOTES AT THE ORIGINALLY SCHEDULED TIME OF THE SPECIAL MEETING TO APPROVE PROPOSAL 1.	For	4750	0	0	0

Page 7 of 43 Friday, July 27, 2012

Proxy Voting Record

EXPRESS SCRIPTS, INC.
Security:	302182100		Meeting Type:	Special
Ticker:	ESRX		Meeting Date:	21-Dec-2011
ISIN	US3021821000		Vote Deadline Date:	20-Dec-2011
Agenda	933528397	Management	Total Ballot Shares:	44465
Last Vote Date:	09-Dec-2011

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	TO ADOPT THE AGREEMENT AND PLAN OF MERGER, DATED AS OF JULY 20, 2011, AS AMENDED ON NOVEMBER 7, 2011 AND AS IT MAY BE AMENDED FROM TIME TO TIME, BY AND AMONG EXPRESS SCRIPTS, INC., MEDCO HEALTH SOLUTIONS, INC., ARISTOTLE HOLDING, INC., ARISTOTLE MERGER SUB, INC., AND PLATO MERGER SUB, INC.	For	6100	0	0	0
2	TO APPROVE THE ADJOURNMENT OF THE SPECIAL MEETING BY EXPRESS SCRIPTS STOCKHOLDERS (IF IT IS NECESSARY OR APPROPRIATE TO SOLICIT ADDITIONAL PROXIES IF THERE ARE NOT SUFFICIENT VOTES TO ADOPT THE MERGER AGREEMENT).	For	6100	0	0	0

Page 8 of 43 Friday, July 27, 2012

Proxy Voting Record

COSTCO WHOLESALE CORPORATION
Security:	22160K105		Meeting Type:	Annual
Ticker:	COST		Meeting Date:	26-Jan-2012
ISIN	US22160K1051		Vote Deadline Date:	25-Jan-2012
Agenda	933536344	Management	Total Ballot Shares:	26136
Last Vote Date:	04-Jan-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR	For
	1       JAMES D. SINEGAL		3500	0	0	0
	2       JEFFREY H. BROTMAN		3500	0	0	0
	3       RICHARD A. GALANTI		3500	0	0	0
	4       DANIEL J. EVANS		3500	0	0	0
	5       JEFFREY S. RAIKES		3500	0	0	0
2	RATIFICATION OF SELECTION OF INDEPENDENT AUDITORS.	For	3500	0	0	0
3	AMENDMENT OF COMPANY’S FIFTH RESTATED STOCK INCENTIVE PLAN.	For	3500	0	0	0
4	APPROVAL, ON AN ADVISORY BASIS, OF EXECUTIVE COMPENSATION.	For	3500	0	0	0

Page 9 of 43 Friday, July 27, 2012

Proxy Voting Record

VISA INC.
Security:	92826C839		Meeting Type:	Annual
Ticker:	V		Meeting Date:	31-Jan-2012
ISIN	US92826C8394		Vote Deadline Date:	30-Jan-2012
Agenda	933536205	Management	Total Ballot Shares:	32986
Last Vote Date:	04-Jan-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: GARY P. COUGHLAN	For	3250	0	0	0
2	ELECTION OF DIRECTOR: MARY B. CRANSTON	For	3250	0	0	0
3	ELECTION OF DIRECTOR: FRANCISCO JAVIER FERNANDEZ-CARBAJAL	For	3250	0	0	0
4	ELECTION OF DIRECTOR: ROBERT W. MATSCHULLAT	For	3250	0	0	0
5	ELECTION OF DIRECTOR: CATHY E. MINEHAN	For	3250	0	0	0
6	ELECTION OF DIRECTOR: SUZANNE NORA JOHNSON	For	3250	0	0	0
7	ELECTION OF DIRECTOR: DAVID J. PANG	For	3250	0	0	0
8	ELECTION OF DIRECTOR: JOSEPH W. SAUNDERS	For	3250	0	0	0
9	ELECTION OF DIRECTOR: WILLIAM S. SHANAHAN	For	3250	0	0	0
10	ELECTION OF DIRECTOR: JOHN A. SWAINSON	For	3250	0	0	0
11	TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF THE COMPANY’S NAMED EXECUTIVE OFFICERS.	For	3250	0	0	0
12	TO APPROVE THE VISA INC. 2007 EQUITY INCENTIVE COMPENSATION PLAN, AS AMENDED AND RESTATED.	For	3250	0	0	0
13	TO RATIFY THE APPOINTMENT OF KPMG LLP AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2012.	For	3250	0	0	0

Page 10 of 43 Friday, July 27, 2012

Proxy Voting Record

VARIAN MEDICAL SYSTEMS, INC.
Security:	92220P105		Meeting Type:	Annual
Ticker:	VAR		Meeting Date:	09-Feb-2012
ISIN	US92220P1057		Vote Deadline Date:	08-Feb-2012
Agenda	933537815	Management	Total Ballot Shares:	10875
Last Vote Date:	01-Feb-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR	For
	1       TIMOTHY E. GUERTIN		4200	0	0	0
	2       DAVID J. ILLINGWORTH		4200	0	0	0
	3       R. NAUMANN-ETIENNE		4200	0	0	0
2	TO APPROVE THE COMPENSATION OF THE VARIAN MEDICAL SYSTEMS, INC. NAMED EXECUTIVE OFFICERS AS DESCRIBED IN THE PROXY STATEMENT.	For	4200	0	0	0
3	TO APPROVE THE AMENDMENT AND RESTATEMENT OF THE VARIAN MEDICAL SYSTEMS, INC. 2005 OMNIBUS STOCK PLAN.	For	4200	0	0	0
4	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS VARIAN MEDICAL SYSTEMS, INC.’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2012.	For	4200	0	0	0

Page 11 of 43 Friday, July 27, 2012

Proxy Voting Record

APPLE INC.
Security:	037833100		Meeting Type:	Annual
Ticker:	AAPL		Meeting Date:	23-Feb-2012
ISIN	US0378331005		Vote Deadline Date:	22-Feb-2012
Agenda	933542474	Management	Total Ballot Shares:	18379
Last Vote Date:	01-Feb-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR	For
	1       WILLIAM V. CAMPBELL		1145	0	0	0
	2       TIMOTHY D. COOK		1145	0	0	0
	3       MILLARD S. DREXLER		1145	0	0	0
	4       AL GORE		1145	0	0	0
	5       ROBERT A. IGER		1145	0	0	0
	6       ANDREA JUNG		1145	0	0	0
	7       ARTHUR D. LEVINSON		1145	0	0	0
	8       RONALD D. SUGAR		1145	0	0	0
2	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2012.	For	1145	0	0	0
3	ADVISORY VOTE ON EXECUTIVE COMPENSATION.	For	1145	0	0	0
4	A SHAREHOLDER PROPOSAL ENTITLED “CONFLICT OF INTEREST REPORT”	Against	0	1145	0	0
5	A SHAREHOLDER PROPOSAL ENTITLED “SHAREHOLDER SAY ON DIRECTOR PAY”	Against	0	1145	0	0
6	A SHAREHOLDER PROPOSAL ENTITLED “REPORT ON POLITICAL CONTRIBUTIONS AND EXPENDITURES”	Against	0	1145	0	0
7	A SHAREHOLDER PROPOSAL ENTITLED “ADOPT A MAJORITY VOTING STANDARD FOR DIRECTOR ELECTIONS”	Against	0	1145	0	0

Page 12 of 43 Friday, July 27, 2012

Proxy Voting Record

DEERE & COMPANY
Security:	244199105		Meeting Type:	Annual
Ticker:	DE		Meeting Date:	29-Feb-2012
ISIN	US2441991054		Vote Deadline Date:	28-Feb-2012
Agenda	933543692	Management	Total Ballot Shares:	8415
Last Vote Date:	01-Feb-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: CRANDALL C. BOWLES	For	3000	0	0	0
2	ELECTION OF DIRECTOR: VANCE D. COFFMAN	For	3000	0	0	0
3	ELECTION OF DIRECTOR: CHARLES O. HOLLIDAY, JR.	For	3000	0	0	0
4	ELECTION OF DIRECTOR: DIPAK C. JAIN	For	3000	0	0	0
5	ELECTION OF DIRECTOR: CLAYTON M. JONES	For	3000	0	0	0
6	ELECTION OF DIRECTOR: JOACHIM MILBERG	For	3000	0	0	0
7	ELECTION OF DIRECTOR: RICHARD B. MYERS	For	3000	0	0	0
8	ELECTION OF DIRECTOR: THOMAS H. PATRICK	For	3000	0	0	0
9	ELECTION OF DIRECTOR: SHERRY M. SMITH	For	3000	0	0	0
10	NON-BINDING VOTE ON EXECUTIVE COMPENSATION	For	3000	0	0	0
11	APPROVAL OF THE NONEMPLOYEE DIRECTOR STOCK OWNERSHIP PLAN	For	3000	0	0	0
12	RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS DEERE’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL 2012	For	3000	0	0	0

Page 13 of 43 Friday, July 27, 2012

Proxy Voting Record

THE BANK OF NOVA SCOTIA
Security:	064149107		Meeting Type:	Annual
Ticker:	BNS		Meeting Date:	03-Apr-2012
ISIN	CA0641491075		Vote Deadline Date:	30-Mar-2012
Agenda	933553441	Management	Total Ballot Shares:	40530
Last Vote Date:	07-Mar-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR	For
	1       RONALD A. BRENNEMAN		4400	0	0	0
	2       C.J. CHEN		4400	0	0	0
	3       DAVID A. DODGE		4400	0	0	0
	4       N. ASHLEIGH EVERETT		4400	0	0	0
	5       JOHN C. KERR		4400	0	0	0
	6       JOHN T. MAYBERRY		4400	0	0	0
	7       THOMAS C. O’NEILL		4400	0	0	0
	8       INDIRA V. SAMARASEKERA		4400	0	0	0
	9       SUSAN L. SEGAL		4400	0	0	0
	10     ALLAN C. SHAW		4400	0	0	0
	11     PAUL D. SOBEY		4400	0	0	0
	12     BARBARA S. THOMAS		4400	0	0	0
	13     RICHARD E. WAUGH		4400	0	0	0
2	APPOINTMENT OF KPMG LLP AS AUDITORS.	For	4400	0	0	0
3	ADVISORY VOTE ON NON-BINDING RESOLUTION ON EXECUTIVE COMPENSATION APPROACH.	For	4400	0	0	0
4	SHAREHOLDER PROPOSAL 1.	Against	0	4400	0	0
5	SHAREHOLDER PROPOSAL 2.	Against	0	4400	0	0
6	SHAREHOLDER PROPOSAL 3.	Against	0	4400	0	0

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Proxy Voting Record

SCHLUMBERGER LIMITED (SCHLUMBERGER N.V.)
Security:	806857108		Meeting Type:	Annual
Ticker:	SLB		Meeting Date:	11-Apr-2012
ISIN	AN8068571086		Vote Deadline Date:	10-Apr-2012
Agenda	933556827	Management	Total Ballot Shares:	40957
Last Vote Date:	07-Mar-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: PETER L.S. CURRIE	For	3500	0	0	0
2	ELECTION OF DIRECTOR: TONY ISAAC	For	3500	0	0	0
3	ELECTION OF DIRECTOR: K. VAMAN KAMATH	For	3500	0	0	0
4	ELECTION OF DIRECTOR: PAAL KIBSGAARD	For	3500	0	0	0
5	ELECTION OF DIRECTOR: NIKOLAY KUDRYAVTSEV	For	3500	0	0	0
6	ELECTION OF DIRECTOR: ADRIAN LAJOUS	For	3500	0	0	0
7	ELECTION OF DIRECTOR: MICHAEL E. MARKS	For	3500	0	0	0
8	ELECTION OF DIRECTOR: ELIZABETH A. MOLER	For	3500	0	0	0
9	ELECTION OF DIRECTOR: LUBNA S. OLAYAN	For	3500	0	0	0
10	ELECTION OF DIRECTOR: L. RAFAEL REIF	For	3500	0	0	0
11	ELECTION OF DIRECTOR: TORE I. SANDVOLD	For	3500	0	0	0
12	ELECTION OF DIRECTOR: HENRI SEYDOUX	For	3500	0	0	0
13	TO APPROVE AN ADVISORY RESOLUTION ON EXECUTIVE COMPENSATION.	For	3500	0	0	0
14	TO APPROVE THE COMPANY’S 2011 FINANCIAL STATEMENTS AND DECLARATIONS OF DIVIDENDS.	For	3500	0	0	0
15	TO APPROVE THE APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	For	3500	0	0	0
16	TO APPROVE AMENDMENTS TO THE COMPANY’S 2004 STOCK AND DEFERRAL PLAN FOR NON-EMPLOYEE DIRECTORS TO INCREASE THE NUMBER OF SHARES AVAILABLE FOR ISSUANCE AND MAKE CERTAIN TECHNICAL CHANGES.	For	3500	0	0	0

Page 15 of 43 Friday, July 27, 2012

Proxy Voting Record

INTERNATIONAL BUSINESS MACHINES CORP.
Security:	459200101		Meeting Type:	Annual
Ticker:	IBM		Meeting Date:	24-Apr-2012
ISIN	US4592001014		Vote Deadline Date:	23-Apr-2012
Agenda	933564204	Management	Total Ballot Shares:	27434
Last Vote Date:	03-Apr-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: A. J. P. BELDA	For	1950	0	0	0
2	ELECTION OF DIRECTOR: W. R. BRODY	For	1950	0	0	0
3	ELECTION OF DIRECTOR: K. I. CHENAULT	For	1950	0	0	0
4	ELECTION OF DIRECTOR: M. L. ESKEW	For	1950	0	0	0
5	ELECTION OF DIRECTOR: D. N. FARR	For	1950	0	0	0
6	ELECTION OF DIRECTOR: S. A. JACKSON	For	1950	0	0	0
7	ELECTION OF DIRECTOR: A. N. LIVERIS	For	1950	0	0	0
8	ELECTION OF DIRECTOR: W. J. MCNERNEY, JR.	For	1950	0	0	0
9	ELECTION OF DIRECTOR: J. W. OWENS	For	1950	0	0	0
10	ELECTION OF DIRECTOR: S. J. PALMISANO	For	1950	0	0	0
11	ELECTION OF DIRECTOR: V. M. ROMETTY	For	1950	0	0	0
12	ELECTION OF DIRECTOR: J. E. SPERO	For	1950	0	0	0
13	ELECTION OF DIRECTOR: S. TAUREL	For	1950	0	0	0
14	ELECTION OF DIRECTOR: L. H. ZAMBRANO	For	1950	0	0	0
15	RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (PAGE 71)	For	1950	0	0	0
16	ADVISORY VOTE ON EXECUTIVE COMPENSATION (PAGE 72)	For	1950	0	0	0
17	STOCKHOLDER PROPOSAL ON CUMULATIVE VOTING (PAGE 73)	Against	0	1950	0	0
18	STOCKHOLDER PROPOSAL TO REVIEW POLITICAL CONTRIBUTIONS - TRADE ASSOCIATIONS POLICY (PAGE 74)	Against	0	1950	0	0
19	STOCKHOLDER PROPOSAL FOR DISCLOSURE OF LOBBYING POLICIES AND PRACTICES (PAGE 75)	Against	0	1950	0	0

Page 16 of 43 Friday, July 27, 2012

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PRAXAIR, INC.
Security:	74005P104		Meeting Type:	Annual
Ticker:	PX		Meeting Date:	24-Apr-2012
ISIN	US74005P1049		Vote Deadline Date:	23-Apr-2012
Agenda	933562729	Management	Total Ballot Shares:	23894
Last Vote Date:	03-Apr-2012

Item	Proposal	Recommendation	For	Against	Abstain		Take No Action
1	DIRECTOR	For
	1       STEPHEN F. ANGEL		2175	0	0		0
	2       OSCAR BERNARDES		2175	0	0		0
	3       BRET K. CLAYTON		2175	0	0		0
	4       NANCE K. DICCIANI		2175	0	0		0
	5       EDWARD G. GALANTE		2175	0	0		0
	6       CLAIRE W. GARGALLI		2175	0	0		0
	7       IRA D. HALL		2175	0	0		0
	8       RAYMOND W. LEBOEUF		2175	0	0		0
	9       LARRY D. MCVAY		2175	0	0		0
	10     WAYNE T. SMITH		2175	0	0		0
	11     ROBERT L. WOOD		2175	0	0		0
2	TO APPROVE AMENDMENTS TO PRAXAIR’S RESTATED CERTIFICATE OF INCORPORATION TO PERMIT SHAREHOLDERS TO CALL SPECIAL MEETINGS OF SHAREHOLDERS.	For	2175	0	0		0
3	TO APPROVE, ON AN ADVISORY AND NON-BINDING BASIS, THE COMPENSATION OF PRAXAIR’S NAMED EXECUTIVE OFFICERS AS DISCLOSED IN THE 2012 PROXY STATEMENT.	For	2175	0	0		0
4	A SHAREHOLDER PROPOSAL REGARDING ELECTIONEERING POLICIES AND CONTRIBUTIONS.	Against	0	2175	0		0
5	TO RATIFY THE APPOINTMENT OF THE INDEPENDENT AUDITOR.	For	2175	0	0	��	0

Page 17 of 43 Friday, July 27, 2012

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WELLS FARGO & COMPANY
Security:	949746101		Meeting Type:	Annual
Ticker:	WFC		Meeting Date:	24-Apr-2012
ISIN	US9497461015		Vote Deadline Date:	23-Apr-2012
Agenda	933560369	Management	Total Ballot Shares:	71097
Last Vote Date:	03-Apr-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: JOHN D. BAKER II	For	7700	0	0	0
2	ELECTION OF DIRECTOR: ELAINE L. CHAO	For	7700	0	0	0
3	ELECTION OF DIRECTOR: JOHN S. CHEN	For	7700	0	0	0
4	ELECTION OF DIRECTOR: LLOYD H. DEAN	For	7700	0	0	0
5	ELECTION OF DIRECTOR: SUSAN E. ENGEL	For	7700	0	0	0
6	ELECTION OF DIRECTOR: ENRIQUE HERNANDEZ, JR.	For	7700	0	0	0
7	ELECTION OF DIRECTOR: DONALD M. JAMES	For	7700	0	0	0
8	ELECTION OF DIRECTOR: CYNTHIA H. MILLIGAN	For	7700	0	0	0
9	ELECTION OF DIRECTOR: NICHOLAS G. MOORE	For	7700	0	0	0
10	ELECTION OF DIRECTOR: FEDERICO F. PENA	For	7700	0	0	0
11	ELECTION OF DIRECTOR: PHILIP J. QUIGLEY	For	7700	0	0	0
12	ELECTION OF DIRECTOR: JUDITH M. RUNSTAD	For	7700	0	0	0
13	ELECTION OF DIRECTOR: STEPHEN W. SANGER	For	7700	0	0	0
14	ELECTION OF DIRECTOR: JOHN G. STUMPF	For	7700	0	0	0
15	ELECTION OF DIRECTOR: SUSAN G. SWENSON	For	7700	0	0	0
16	PROPOSAL TO APPROVE AN ADVISORY RESOLUTION TO APPROVE THE NAMED EXECUTIVES’ COMPENSATION.	For	7700	0	0	0
17	PROPOSAL TO RATIFY THE APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS FOR 2012.	For	7700	0	0	0
18	STOCKHOLDER PROPOSAL REGARDING THE ADOPTION OF A POLICY TO REQUIRE AN INDEPENDENT CHAIRMAN.	Against	0	7700	0	0
19	STOCKHOLDER PROPOSAL TO PROVIDE FOR CUMULATIVE VOTING IN CONTESTED DIRECTOR ELECTIONS.	Against	0	7700	0	0

Page 18 of 43 Friday, July 27, 2012

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Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
20	STOCKHOLDER PROPOSAL TO AMEND THE COMPANY’S BY-LAWS TO ALLOW STOCKHOLDERS TO NOMINATE DIRECTOR CANDIDATES FOR INCLUSION IN THE COMPANY’S PROXY MATERIALS.	Against	0	7700	0	0
21	STOCKHOLDER PROPOSAL REGARDING AN INVESTIGATION AND REPORT ON INTERNAL CONTROLS FOR MORTGAGE SERVICING OPERATIONS.	Against	0	7700	0	0

Page 19 of 43 Friday, July 27, 2012

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E. I. DU PONT DE NEMOURS AND COMPANY
Security:	263534109		Meeting Type:	Annual
Ticker:	DD		Meeting Date:	25-Apr-2012
ISIN	US2635341090		Vote Deadline Date:	24-Apr-2012
Agenda	933562731	Management	Total Ballot Shares:	60063
Last Vote Date:	03-Apr-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: LAMBERTO ANDREOTTI	For	4500	0	0	0
2	ELECTION OF DIRECTOR: RICHARD H. BROWN	For	4500	0	0	0
3	ELECTION OF DIRECTOR: ROBERT A. BROWN	For	4500	0	0	0
4	ELECTION OF DIRECTOR: BERTRAND P. COLLOMB	For	4500	0	0	0
5	ELECTION OF DIRECTOR: CURTIS J. CRAWFORD	For	4500	0	0	0
6	ELECTION OF DIRECTOR: ALEXANDER M. CUTLER	For	4500	0	0	0
7	ELECTION OF DIRECTOR: ELEUTHERE I. DU PONT	For	4500	0	0	0
8	ELECTION OF DIRECTOR: MARILLYN A. HEWSON	For	4500	0	0	0
9	ELECTION OF DIRECTOR: LOIS D. JULIBER	For	4500	0	0	0
10	ELECTION OF DIRECTOR: ELLEN J. KULLMAN	For	4500	0	0	0
11	ELECTION OF DIRECTOR: LEE M. THOMAS	For	4500	0	0	0
12	ON RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	For	4500	0	0	0
13	TO APPROVE, BY ADVISORY VOTE, EXECUTIVE COMPENSATION	For	4500	0	0	0
14	ON INDEPENDENT CHAIR	Against	0	4500	0	0
15	ON EXECUTIVE COMPENSATION REPORT	Against	0	4500	0	0

Page 20 of 43 Friday, July 27, 2012

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GENERAL ELECTRIC COMPANY
Security:	369604103		Meeting Type:	Annual
Ticker:	GE		Meeting Date:	25-Apr-2012
ISIN	US3696041033		Vote Deadline Date:	24-Apr-2012
Agenda	933564951	Management	Total Ballot Shares:	120369
Last Vote Date:	03-Apr-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: W. GEOFFREY BEATTIE	For	13000	0	0	0
2	ELECTION OF DIRECTOR: JAMES I. CASH, JR.	For	13000	0	0	0
3	ELECTION OF DIRECTOR: ANN M. FUDGE	For	13000	0	0	0
4	ELECTION OF DIRECTOR: SUSAN HOCKFIELD	For	13000	0	0	0
5	ELECTION OF DIRECTOR: JEFFREY R. IMMELT	For	13000	0	0	0
6	ELECTION OF DIRECTOR: ANDREA JUNG	For	13000	0	0	0
7	ELECTION OF DIRECTOR: ALAN G. (A.G.) LAFLEY	For	13000	0	0	0
8	ELECTION OF DIRECTOR: ROBERT W. LANE	For	13000	0	0	0
9	ELECTION OF DIRECTOR: RALPH S. LARSEN	For	13000	0	0	0
10	ELECTION OF DIRECTOR: ROCHELLE B. LAZARUS	For	13000	0	0	0
11	ELECTION OF DIRECTOR: JAMES J. MULVA	For	13000	0	0	0
12	ELECTION OF DIRECTOR: SAM NUNN	For	13000	0	0	0
13	ELECTION OF DIRECTOR: ROGER S. PENSKE	For	13000	0	0	0
14	ELECTION OF DIRECTOR: ROBERT J. SWIERINGA	For	13000	0	0	0
15	ELECTION OF DIRECTOR: JAMES S. TISCH	For	13000	0	0	0
16	ELECTION OF DIRECTOR: DOUGLAS A. WARNER III	For	13000	0	0	0
17	RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	For	13000	0	0	0
18	ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION	For	13000	0	0	0
19	APPROVAL OF AN AMENDMENT TO THE GE 2007 LONG-TERM INCENTIVE PLAN TO INCREASE THE NUMBER OF AUTHORIZED SHARES	For	13000	0	0	0
20	APPROVAL OF THE MATERIAL TERMS OF SENIOR OFFICER PERFORMANCE GOALS	For	13000	0	0	0
21	CUMULATIVE VOTING	Against	0	13000	0	0
22	NUCLEAR ACTIVITIES	Against	0	13000	0	0

Page 21 of 43 Friday, July 27, 2012

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Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
23	INDEPENDENT BOARD CHAIRMAN	Against	13000	0	0	0
24	SHAREOWNER ACTION BY WRITTEN CONSENT	Against	0	13000	0	0

Page 22 of 43 Friday, July 27, 2012

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W.W. GRAINGER, INC.
Security:	384802104		Meeting Type:	Annual
Ticker:	GWW		Meeting Date:	25-Apr-2012
ISIN	US3848021040		Vote Deadline Date:	24-Apr-2012
Agenda	933564800	Management	Total Ballot Shares:	3730
Last Vote Date:	03-Apr-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR	For
	1       BRIAN P. ANDERSON		1600	0	0	0
	2       WILBUR H. GANTZ		1600	0	0	0
	3       V. ANN HAILEY		1600	0	0	0
	4       WILLIAM K. HALL		1600	0	0	0
	5       STUART L. LEVENICK		1600	0	0	0
	6       JOHN W. MCCARTER, JR.		1600	0	0	0
	7       NEIL S. NOVICH		1600	0	0	0
	8       MICHAEL J. ROBERTS		1600	0	0	0
	9       GARY L. ROGERS		1600	0	0	0
	10     JAMES T. RYAN		1600	0	0	0
	11     E. SCOTT SANTI		1600	0	0	0
	12     JAMES D. SLAVIK		1600	0	0	0
2	PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITOR FOR THE YEAR ENDING DECEMBER 31, 2012.	For	1600	0	0	0
3	SAY ON PAY: ADVISORY PROPOSAL TO APPROVE COMPENSATION OF THE COMPANY’S NAMED EXECUTIVE OFFICERS.	For	1600	0	0	0

Page 23 of 43 Friday, July 27, 2012

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EMC CORPORATION
Security:	268648102		Meeting Type:	Annual
Ticker:	EMC		Meeting Date:	01-May-2012
ISIN	US2686481027		Vote Deadline Date:	30-Apr-2012
Agenda	933561501	Management	Total Ballot Shares:	69131
Last Vote Date:	03-Apr-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: MICHAEL W. BROWN	For	10000	0	0	0
2	ELECTION OF DIRECTOR: RANDOLPH L. COWEN	For	10000	0	0	0
3	ELECTION OF DIRECTOR: GAIL DEEGAN	For	10000	0	0	0
4	ELECTION OF DIRECTOR: JAMES S. DISTASIO	For	10000	0	0	0
5	ELECTION OF DIRECTOR: JOHN R. EGAN	For	10000	0	0	0
6	ELECTION OF DIRECTOR: EDMUND F. KELLY	For	10000	0	0	0
7	ELECTION OF DIRECTOR: WINDLE B. PRIEM	For	10000	0	0	0
8	ELECTION OF DIRECTOR: PAUL SAGAN	For	10000	0	0	0
9	ELECTION OF DIRECTOR: DAVID N. STROHM	For	10000	0	0	0
10	ELECTION OF DIRECTOR: JOSEPH M. TUCCI	For	10000	0	0	0
11	RATIFICATION OF THE SELECTION BY THE AUDIT COMMITTEE OF PRICEWATERHOUSECOOPERS LLP AS EMC’S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2012, AS DESCRIBED IN EMC’S PROXY STATEMENT.	For	10000	0	0	0
12	ADVISORY APPROVAL OF OUR EXECUTIVE COMPENSATION, AS DESCRIBED IN EMC’S PROXY STATEMENT.	For	10000	0	0	0

Page 24 of 43 Friday, July 27, 2012

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UNDER ARMOUR, INC.
Security:	904311107		Meeting Type:	Annual
Ticker:	UA		Meeting Date:	01-May-2012
ISIN	US9043111072		Vote Deadline Date:	30-Apr-2012
Agenda	933563911	Management	Total Ballot Shares:	17705
Last Vote Date:	03-Apr-2012

Item	Proposal	Recommendation	For	Against		Abstain	Take No Action
1	DIRECTOR	For
	1       KEVIN A. PLANK		3200	0		0	0
	2       BYRON K. ADAMS, JR.		3200	0	��	0	0
	3       DOUGLAS E. COLTHARP		3200	0		0	0
	4       ANTHONY W. DEERING		3200	0		0	0
	5       A.B. KRONGARD		3200	0		0	0
	6       WILLIAM R. MCDERMOTT		3200	0		0	0
	7       HARVEY L. SANDERS		3200	0		0	0
	8       THOMAS J. SIPPEL		3200	0		0	0
2	TO APPROVE, BY NON-BINDING VOTE, THE COMPENSATION OF EXECUTIVES AS DISCLOSED IN THE “EXECUTIVE COMPENSATION” SECTION OF THE PROXY STATEMENT, INCLUDING THE COMPENSATION DISCUSSION AND ANALYSIS AND TABLES.	For	3200	0		0	0
3	TO APPROVE AN AMENDMENT TO OUR AMENDED AND RESTATED 2005 OMNIBUS LONG-TERM INCENTIVE PLAN RELATED TO PERFORMANCE BASED EQUITY AWARDS.	For	3200	0		0	0
4	RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	For	3200	0		0	0

Page 25 of 43 Friday, July 27, 2012

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PEPSICO, INC.
Security:	713448108		Meeting Type:	Annual
Ticker:	PEP		Meeting Date:	02-May-2012
ISIN	US7134481081		Vote Deadline Date:	01-May-2012
Agenda	933566842	Management	Total Ballot Shares:	42115
Last Vote Date:	30-Apr-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: S.L. BROWN	For	3700	0	0	0
2	ELECTION OF DIRECTOR: I.M. COOK	For	3700	0	0	0
3	ELECTION OF DIRECTOR: D. DUBLON	For	3700	0	0	0
4	ELECTION OF DIRECTOR: V.J. DZAU	For	3700	0	0	0
5	ELECTION OF DIRECTOR: R.L. HUNT	For	3700	0	0	0
6	ELECTION OF DIRECTOR: A. IBARGUEN	For	3700	0	0	0
7	ELECTION OF DIRECTOR: I.K. NOOYI	For	3700	0	0	0
8	ELECTION OF DIRECTOR: S.P. ROCKEFELLER	For	3700	0	0	0
9	ELECTION OF DIRECTOR: J.J. SCHIRO	For	3700	0	0	0
10	ELECTION OF DIRECTOR: L.G. TROTTER	For	3700	0	0	0
11	ELECTION OF DIRECTOR: D. VASELLA	For	3700	0	0	0
12	ELECTION OF DIRECTOR: A. WEISSER	For	3700	0	0	0
13	RATIFY THE APPOINTMENT KPMG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR FISCAL YEAR 2012.	For	3700	0	0	0
14	APPROVAL, BY NON-BINDING VOTE, OF EXECUTIVE COMPENSATION.	For	3700	0	0	0
15	RE-APPROVAL OF THE PERFORMANCE MEASURES UNDER OUR 2007 LONG-TERM INCENTIVE PLAN.	For	3700	0	0	0
16	SHAREHOLDER PROPOSAL - LOBBYING PRACTICES REPORT.	Against	0	3700	0	0
17	SHAREHOLDER PROPOSAL - FORMATION OF RISK OVERSIGHT COMMITTEE.	Against	0	3700	0	0
18	SHAREHOLDER PROPOSAL - CHAIRMAN OF THE BOARD SHALL BE AN INDEPENDENT DIRECTOR.	Against	0	3700	0	0

Page 26 of 43 Friday, July 27, 2012

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CHURCH & DWIGHT CO., INC.
Security:	171340102		Meeting Type:	Annual
Ticker:	CHD		Meeting Date:	03-May-2012
ISIN	US1713401024		Vote Deadline Date:	02-May-2012
Agenda	933570168	Management	Total Ballot Shares:	15189
Last Vote Date:	30-Apr-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: T. ROSIE ALBRIGHT	For	5600	0	0	0
2	ELECTION OF DIRECTOR: RAVICHANDRA K. SALIGRAM	For	5600	0	0	0
3	ELECTION OF DIRECTOR: ROBERT K. SHEARER	For	5600	0	0	0
4	APPROVAL OF OUR AMENDED AND RESTATED ANNUAL INCENTIVE PLAN.	For	5600	0	0	0
5	ADVISORY VOTE TO APPROVE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.	For	5600	0	0	0
6	RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2012.	For	5600	0	0	0

Page 27 of 43 Friday, July 27, 2012

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VERIZON COMMUNICATIONS INC.
Security:	92343V104		Meeting Type:	Annual
Ticker:	VZ		Meeting Date:	03-May-2012
ISIN	US92343V1044		Vote Deadline Date:	02-May-2012
Agenda	933561739	Management	Total Ballot Shares:	77910
Last Vote Date:	30-Apr-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: RICHARD L. CARRION	For	7150	0	0	0
2	ELECTION OF DIRECTOR: MELANIE L. HEALEY	For	7150	0	0	0
3	ELECTION OF DIRECTOR: M. FRANCES KEETH	For	7150	0	0	0
4	ELECTION OF DIRECTOR: ROBERT W. LANE	For	7150	0	0	0
5	ELECTION OF DIRECTOR: LOWELL C. MCADAM	For	7150	0	0	0
6	ELECTION OF DIRECTOR: SANDRA O. MOOSE	For	7150	0	0	0
7	ELECTION OF DIRECTOR: JOSEPH NEUBAUER	For	7150	0	0	0
8	ELECTION OF DIRECTOR: DONALD T. NICOLAISEN	For	7150	0	0	0
9	ELECTION OF DIRECTOR: CLARENCE OTIS, JR.	For	7150	0	0	0
10	ELECTION OF DIRECTOR: HUGH B. PRICE	For	7150	0	0	0
11	ELECTION OF DIRECTOR: RODNEY E. SLATER	For	7150	0	0	0
12	RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	For	7150	0	0	0
13	ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION	For	7150	0	0	0
14	DISCLOSURE OF PRIOR GOVERNMENT SERVICE	Against	0	7150	0	0
15	DISCLOSURE OF LOBBYING ACTIVITIES	Against	0	7150	0	0
16	VESTING OF PERFORMANCE STOCK UNITS	Against	0	7150	0	0
17	SHAREHOLDER RIGHT TO CALL A SPECIAL MEETING	Against	0	7150	0	0
18	SHAREHOLDER ACTION BY WRITTEN CONSENT	Against	0	7150	0	0
19	NETWORK NEUTRALITY FOR WIRELESS BROADBAND	Against	0	7150	0	0

Page 28 of 43 Friday, July 27, 2012

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KRAFT FOODS INC.
Security:	50075N104		Meeting Type:	Annual
Ticker:	KFT		Meeting Date:	23-May-2012
ISIN	US50075N1046		Vote Deadline Date:	22-May-2012
Agenda	933593609	Management	Total Ballot Shares:	47675
Last Vote Date:	30-May-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: MYRA M. HART	For	6000	0	0	0
2	ELECTION OF DIRECTOR: PETER B. HENRY	For	6000	0	0	0
3	ELECTION OF DIRECTOR: LOIS D. JULIBER	For	6000	0	0	0
4	ELECTION OF DIRECTOR: MARK D. KETCHUM	For	6000	0	0	0
5	ELECTION OF DIRECTOR: TERRY J. LUNDGREN	For	6000	0	0	0
6	ELECTION OF DIRECTOR: MACKEY J. MCDONALD	For	6000	0	0	0
7	ELECTION OF DIRECTOR: JORGE S. MESQUITA	For	6000	0	0	0
8	ELECTION OF DIRECTOR: JOHN C. POPE	For	6000	0	0	0
9	ELECTION OF DIRECTOR: FREDRIC G. REYNOLDS	For	6000	0	0	0
10	ELECTION OF DIRECTOR: IRENE B. ROSENFELD	For	6000	0	0	0
11	ELECTION OF DIRECTOR: J.F. VAN BOXMEER	For	6000	0	0	0
12	ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION.	For	6000	0	0	0
13	APPROVAL OF AMENDMENT TO CHANGE COMPANY NAME.	For	6000	0	0	0
14	RATIFICATION OF THE SELECTION OF INDEPENDENT AUDITORS.	For	6000	0	0	0
15	SHAREHOLDER PROPOSAL: SUSTAINABLE FORESTRY REPORT.	Against	0	6000	0	0
16	SHAREHOLDER PROPOSAL:REPORT ON EXTENDED PRODUCER RESPONSIBILITY.	Against	0	6000	0	0
17	SHAREHOLDER PROPOSAL: REPORT ON LOBBYING.	Against	0	6000	0	0

Page 29 of 43 Friday, July 27, 2012

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MCDONALD’S CORPORATION
Security:	580135101		Meeting Type:	Annual
Ticker:	MCD		Meeting Date:	24-May-2012
ISIN	US5801351017		Vote Deadline Date:	23-May-2012
Agenda	933595247	Management	Total Ballot Shares:	47112
Last Vote Date:	30-May-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: ROBERT A. ECKERT	For	3175	0	0	0
2	ELECTION OF DIRECTOR: ENRIQUE HERNANDEZ, JR.	For	3175	0	0	0
3	ELECTION OF DIRECTOR: JEANNE P. JACKSON	For	3175	0	0	0
4	ELECTION OF DIRECTOR: ANDREW J. MCKENNA	For	3175	0	0	0
5	ELECTION OF DIRECTOR: DONALD THOMPSON	For	3175	0	0	0
6	ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION.	For	3175	0	0	0
7	APPROVAL OF THE 2012 OMNIBUS STOCK OWNERSHIP PLAN.	For	3175	0	0	0
8	APPROVAL OF DECLASSIFICATION OF THE BOARD OF DIRECTORS.	For	3175	0	0	0
9	APPROVAL OF SHAREHOLDERS’ RIGHT TO CALL SPECIAL MEETINGS.	For	3175	0	0	0
10	ADVISORY VOTE TO APPROVE THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITOR FOR 2012.	For	3175	0	0	0
11	ADVISORY VOTE ON A SHAREHOLDER PROPOSAL REQUESTING A NUTRITION REPORT.	Against	0	3175	0	0

Page 30 of 43 Friday, July 27, 2012

Proxy Voting Record

THE GOLDMAN SACHS GROUP, INC.
Security:	38141G104		Meeting Type:	Annual
Ticker:	GS		Meeting Date:	24-May-2012
ISIN	US38141G1040		Vote Deadline Date:	23-May-2012
Agenda	933600125	Management	Total Ballot Shares:	15746
Last Vote Date:	30-May-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: LLOYD C. BLANKFEIN	For	2400	0	0	0
2	ELECTION OF DIRECTOR: M. MICHELE BURNS	For	2400	0	0	0
3	ELECTION OF DIRECTOR: GARY D. COHN	For	2400	0	0	0
4	ELECTION OF DIRECTOR: CLAES DAHLBACK	For	2400	0	0	0
5	ELECTION OF DIRECTOR: STEPHEN FRIEDMAN	For	2400	0	0	0
6	ELECTION OF DIRECTOR: WILLIAM W. GEORGE	For	2400	0	0	0
7	ELECTION OF DIRECTOR: JAMES A. JOHNSON	For	2400	0	0	0
8	ELECTION OF DIRECTOR: LAKSHMI N. MITTAL	For	2400	0	0	0
9	ELECTION OF DIRECTOR: JAMES J. SCHIRO	For	2400	0	0	0
10	ELECTION OF DIRECTOR: DEBORA L. SPAR	For	2400	0	0	0
11	ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION (SAY ON PAY)	For	2400	0	0	0
12	RATIFICATION OF PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2012	For	2400	0	0	0
13	SHAREHOLDER PROPOSAL REGARDING CUMULATIVE VOTING	Against	0	2400	0	0
14	SHAREHOLDER PROPOSAL REGARDING EXECUTIVE COMPENSATION AND LONG-TERM PERFORMANCE	Against	0	2400	0	0
15	SHAREHOLDER PROPOSAL REGARDING REPORT ON LOBBYING EXPENDITURES	Against	0	2400	0	0

Page 31 of 43 Friday, July 27, 2012

Proxy Voting Record

EXPRESS SCRIPTS HOLDING COMPANY
Security:	30219G108		Meeting Type:	Annual
Ticker:	ESRX		Meeting Date:	30-May-2012
ISIN	US30219G1085		Vote Deadline Date:	29-May-2012
Agenda	933610001	Management	Total Ballot Shares:	41985
Last Vote Date:	30-May-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: GARY G. BENANAV	For	6100	0	0	0
2	ELECTION OF DIRECTOR: MAURA C. BREEN	For	6100	0	0	0
3	ELECTION OF DIRECTOR: WILLIAM J. DELANEY	For	6100	0	0	0
4	ELECTION OF DIRECTOR: NICHOLAS J. LAHOWCHIC	For	6100	0	0	0
5	ELECTION OF DIRECTOR: THOMAS P. MAC MAHON	For	6100	0	0	0
6	ELECTION OF DIRECTOR: FRANK MERGENTHALER	For	6100	0	0	0
7	ELECTION OF DIRECTOR: WOODROW A. MYERS, JR., MD	For	6100	0	0	0
8	ELECTION OF DIRECTOR: JOHN O. PARKER, JR.	For	6100	0	0	0
9	ELECTION OF DIRECTOR: GEORGE PAZ	For	6100	0	0	0
10	ELECTION OF DIRECTOR: MYRTLE S. POTTER	For	6100	0	0	0
11	ELECTION OF DIRECTOR: WILLIAM L. ROPER, MD, MPH	For	6100	0	0	0
12	ELECTION OF DIRECTOR: SAMUEL K. SKINNER	For	6100	0	0	0
13	ELECTION OF DIRECTOR: SEYMOUR STERNBERG	For	6100	0	0	0
14	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR THE COMPANY’S CURRENT FISCAL YEAR.	For	6100	0	0	0
15	TO APPROVE, BY NON-BINDING VOTE, EXECUTIVE COMPENSATION.	For	6100	0	0	0
16	STOCKHOLDER PROPOSAL REGARDING REPORT ON POLITICAL CONTRIBUTIONS.	Against	0	6100	0	0
17	STOCKHOLDER PROPOSAL REGARDING STOCKHOLDER ACTION BY WRITTEN CONSENT.	Against	0	6100	0	0

Page 32 of 43 Friday, July 27, 2012

Proxy Voting Record

EXXON MOBIL CORPORATION
Security:	30231G102		Meeting Type:	Annual
Ticker:	XOM		Meeting Date:	30-May-2012
ISIN	US30231G1022		Vote Deadline Date:	29-May-2012
Agenda	933600086	Management	Total Ballot Shares:	88153
Last Vote Date:	30-May-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR	For
	1       M.J. BOSKIN		4360	0	0	0
	2       P. BRABECK-LETMATHE		4360	0	0	0
	3       L.R. FAULKNER		4360	0	0	0
	4       J.S. FISHMAN		4360	0	0	0
	5       H.H. FORE		4360	0	0	0
	6       K.C. FRAZIER		4360	0	0	0
	7       W.W. GEORGE		4360	0	0	0
	8       S.J. PALMISANO		4360	0	0	0
	9       S.S REINEMUND		4360	0	0	0
	10     R.W. TILLERSON		4360	0	0	0
	11     E.E. WHITACRE, JR.		4360	0	0	0
2	RATIFICATION OF INDEPENDENT AUDITORS (PAGE 61)	For	4360	0	0	0
3	ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION (PAGE 62)	For	4360	0	0	0
4	INDEPENDENT CHAIRMAN (PAGE 64)	Against	0	4360	0	0
5	MAJORITY VOTE FOR DIRECTORS (PAGE 65)	Against	0	4360	0	0
6	REPORT ON POLITICAL CONTRIBUTIONS (PAGE 66)	Against	0	4360	0	0
7	AMENDMENT OF EEO POLICY (PAGE 67)	Against	0	4360	0	0
8	REPORT ON NATURAL GAS PRODUCTION (PAGE 69)	Against	0	4360	0	0
9	GREENHOUSE GAS EMISSIONS GOALS (PAGE 71)	Against	0	4360	0	0

Page 33 of 43 Friday, July 27, 2012

Proxy Voting Record

ROPER INDUSTRIES, INC.
Security:	776696106		Meeting Type:	Annual
Ticker:	ROP		Meeting Date:	04-Jun-2012
ISIN	US7766961061		Vote Deadline Date:	01-Jun-2012
Agenda	933623731	Management	Total Ballot Shares:	23397
Last Vote Date:	30-May-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR	For
	1       ROBERT D. JOHNSON		3250	0	0	0
	2       ROBERT E. KNOWLING, JR.		3250	0	0	0
	3       WILBUR J. PREZZANO		3250	0	0	0
2	TO CONSIDER, ON A NON-BINDING, ADVISORY BASIS, A RESOLUTION APPROVING THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.	For	3250	0	0	0
3	TO APPROVE AN AMENDMENT TO THE ROPER INDUSTRIES, INC. 2006 INCENTIVE PLAN TO INCREASE THE SHARES AVAILABLE AND TO RE- APPROVE THE QUALIFIED BUSINESS CRITERIA FOR PERFORMANCE-BASED AWARDS.	For	3250	0	0	0
4	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE INDEPENDENT REGISTERED ACCOUNTING FIRM OF THE COMPANY.	For	3250	0	0	0

Page 34 of 43 Friday, July 27, 2012

Proxy Voting Record

COGNIZANT TECHNOLOGY SOLUTIONS CORP.
Security:	192446102		Meeting Type:	Annual
Ticker:	CTSH		Meeting Date:	05-Jun-2012
ISIN	US1924461023		Vote Deadline Date:	04-Jun-2012
Agenda	933614390	Management	Total Ballot Shares:	23654
Last Vote Date:	30-May-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: FRANCISCO D’SOUZA	For	3600	0	0	0
2	ELECTION OF DIRECTOR: JOHN N. FOX, JR.	For	3600	0	0	0
3	ELECTION OF DIRECTOR: THOMAS M. WENDEL	For	3600	0	0	0
4	APPROVAL OF THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS, DISCLOSED PURSUANT TO ITEM 402 OF REGULATION S-K.	For	3600	0	0	0
5	TO AMEND OUR RESTATED CERTIFICATE OF INCORPORATION, AS AMENDED AND TO AMEND AND RESTATE OUR AMENDED AND RESTATED BY-LAWS, AS AMENDED, TO PROVIDE HOLDERS OF TWENTY- FIVE PERCENT (25%) OF THE COMPANY’S OUTSTANDING SHARES OF CLASS A COMMON STOCK, PAR VALUE $0.01 PER SHARE, UPON SATISFACTION OF CERTAIN CONDITIONS, THE POWER TO CALL A SPECIAL MEETING OF STOCKHOLDERS.	For	3600	0	0	0
6	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 31, 2012.	For	3600	0	0	0
7	TO ACT ON A STOCKHOLDER PROPOSAL TO DECLASSIFY THE COMPANY’S BOARD OF DIRECTORS AND PROVIDE FOR THE ANNUAL ELECTION OF ALL DIRECTORS.	Against	0	3600	0	0

Page 35 of 43 Friday, July 27, 2012

Proxy Voting Record

PRICELINE.COM INCORPORATED
Security:	741503403		Meeting Type:	Annual
Ticker:	PCLN		Meeting Date:	07-Jun-2012
ISIN	US7415034039		Vote Deadline Date:	06-Jun-2012
Agenda	933610847	Management	Total Ballot Shares:	2350
Last Vote Date:	30-May-2012

Item	Proposal	Recommendation	For	Against	Abstain		Take No Action
1	DIRECTOR	For
	1       JEFFERY H. BOYD		500	0	0		0
	2       RALPH M. BAHNA		500	0	0		0
	3       HOWARD W. BARKER, JR.		500	0	0		0
	4       JAN L. DOCTER		500	0	0		0
	5       JEFFREY E. EPSTEIN		500	0	0		0
	6       JAMES M. GUYETTE		500	0	0		0
	7       NANCY B. PERETSMAN		500	0	0		0
	8       CRAIG W. RYDIN		500	0	0		0
2	TO RATIFY THE SELECTION OF DELOITTE & TOUCHE LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF THE COMPANY FOR OUR FISCAL YEAR ENDING DECEMBER 31, 2012.	For	500	0	0		0
3	TO APPROVE ON AN ADVISORY BASIS THE COMPENSATION PAID BY THE COMPANY TO OUR NAMED EXECUTIVE OFFICERS.	For	500	0	0		0
4	TO CONSIDER AND VOTE UPON A STOCKHOLDER PROPOSAL ON STOCKHOLDER ACTION BY WRITTEN CONSENT.	Against	0	500	0	��	0

Page 36 of 43 Friday, July 27, 2012

Proxy Voting Record

CATERPILLAR INC.
Security:	149123101		Meeting Type:	Annual
Ticker:	CAT		Meeting Date:	13-Jun-2012
ISIN	US1491231015		Vote Deadline Date:	12-Jun-2012
Agenda	933623933	Management	Total Ballot Shares:	40437
Last Vote Date:	04-Jun-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR	For
	1       DAVID L. CALHOUN		4575	0	0	0
	2       DANIEL M. DICKINSON		4575	0	0	0
	3       EUGENE V. FIFE		4575	0	0	0
	4       JUAN GALLARDO		4575	0	0	0
	5       DAVID R. GOODE		4575	0	0	0
	6       JESSE J. GREENE, JR.		4575	0	0	0
	7       JON M. HUNTSMAN, JR.		4575	0	0	0
	8       PETER A. MAGOWAN		4575	0	0	0
	9       DENNIS A. MUILENBURG		4575	0	0	0
	10     DOUGLAS R. OBERHELMAN		4575	0	0	0
	11     WILLIAM A. OSBORN		4575	0	0	0
	12     CHARLES D. POWELL		4575	0	0	0
	13     EDWARD B. RUST, JR.		4575	0	0	0
	14     SUSAN C. SCHWAB		4575	0	0	0
	15     JOSHUA I. SMITH		4575	0	0	0
	16     MILES D. WHITE		4575	0	0	0
2	RATIFY THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2012	For	4575	0	0	0
3	ADVISORY VOTE ON EXECUTIVE COMPENSATION.	For	4575	0	0	0
4	AMEND RESTATED CERTIFICATE OF INCORPORATION AND BYLAWS TO PROVIDE STOCKHOLDERS THE RIGHT TO CALL SPECIAL MEETINGS.	For	4575	0	0	0
5	AMEND BYLAW ADVANCE NOTICE PROVISIONS.	For	4575	0	0	0
6	STOCKHOLDER PROPOSAL - REPORT ON POLITICAL CONTRIBUTIONS AND EXPENSES.	Against	0	4575	0	0

Page 37 of 43 Friday, July 27, 2012

Proxy Voting Record

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
7	STOCKHOLDER PROPOSAL - DIRECTOR ELECTION MAJORITY VOTE STANDARD.	Against	0	4575	0	0
8	STOCKHOLDER PROPOSAL - REVIEW GLOBAL CORPORATE STANDARDS.	Against	0	4575	0	0
9	STOCKHOLDER PROPOSAL - STOCKHOLDER ACTION BY WRITTEN CONSENT.	Against	0	4575	0	0

Page 38 of 43 Friday, July 27, 2012

Proxy Voting Record

THE TJX COMPANIES, INC.
Security:	872540109		Meeting Type:	Annual
Ticker:	TJX		Meeting Date:	13-Jun-2012
ISIN	US8725401090		Vote Deadline Date:	12-Jun-2012
Agenda	933628995	Management	Total Ballot Shares:	98083
Last Vote Date:	04-Jun-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: ZEIN ABDALLA	For	8750	0	0	0
2	ELECTION OF DIRECTOR: JOSE B. ALVAREZ	For	8750	0	0	0
3	ELECTION OF DIRECTOR: ALAN M. BENNETT	For	8750	0	0	0
4	ELECTION OF DIRECTOR: BERNARD CAMMARATA	For	8750	0	0	0
5	ELECTION OF DIRECTOR: DAVID T. CHING	For	8750	0	0	0
6	ELECTION OF DIRECTOR: MICHAEL F. HINES	For	8750	0	0	0
7	ELECTION OF DIRECTOR: AMY B. LANE	For	8750	0	0	0
8	ELECTION OF DIRECTOR: CAROL MEYROWITZ	For	8750	0	0	0
9	ELECTION OF DIRECTOR: JOHN F. O’BRIEN	For	8750	0	0	0
10	ELECTION OF DIRECTOR: WILLOW B. SHIRE	For	8750	0	0	0
11	RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	For	8750	0	0	0
12	APPROVAL OF MATERIAL TERMS OF EXECUTIVE OFFICER PERFORMANCE GOALS UNDER CASH INCENTIVE PLANS.	For	8750	0	0	0
13	ADVISORY APPROVAL OF TJX’S EXECUTIVE COMPENSATION.	For	8750	0	0	0

Page 39 of 43 Friday, July 27, 2012

Proxy Voting Record

CONTINENTAL RESOURCES, INC.
Security:	212015101		Meeting Type:	Annual
Ticker:	CLR		Meeting Date:	14-Jun-2012
ISIN	US2120151012		Vote Deadline Date:	13-Jun-2012
Agenda	933626749	Management	Total Ballot Shares:	6645
Last Vote Date:	04-Jun-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR	For
	1       LON MCCAIN		3200	0	0	0
	2       MARK E. MONROE		3200	0	0	0
	3       EDWARD T. SCHAFER		3200	0	0	0
2	RATIFICATION OF GRANT THORNTON LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	For	3200	0	0	0

Page 40 of 43 Friday, July 27, 2012

Proxy Voting Record

AMERICAN TOWER CORPORATION
Security:	03027X100		Meeting Type:	Annual
Ticker:	AMT		Meeting Date:	19-Jun-2012
ISIN	US03027X1000		Vote Deadline Date:	18-Jun-2012
Agenda	933622246	Management	Total Ballot Shares:	37625
Last Vote Date:	04-Jun-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: RAYMOND P. DOLAN	For	4750	0	0	0
2	ELECTION OF DIRECTOR: RONALD M. DYKES	For	4750	0	0	0
3	ELECTION OF DIRECTOR: CAROLYN F. KATZ	For	4750	0	0	0
4	ELECTION OF DIRECTOR: GUSTAVO LARA CANTU	For	4750	0	0	0
5	ELECTION OF DIRECTOR: JOANN A. REED	For	4750	0	0	0
6	ELECTION OF DIRECTOR: PAMELA D.A. REEVE	For	4750	0	0	0
7	ELECTION OF DIRECTOR: DAVID E. SHARBUTT	For	4750	0	0	0
8	ELECTION OF DIRECTOR: JAMES D. TAICLET, JR.	For	4750	0	0	0
9	ELECTION OF DIRECTOR: SAMME L. THOMPSON	For	4750	0	0	0
10	TO RATIFY THE SELECTION OF DELOITTE & TOUCHE LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2012.	For	4750	0	0	0
11	TO APPROVE, ON AN ADVISORY BASIS, THE COMPANY’S EXECUTIVE COMPENSATION.	For	4750	0	0	0
12	TO REQUIRE EXECUTIVES TO RETAIN A SIGNIFICANT PERCENTAGE OF STOCK ACQUIRED THROUGH EQUITY PAY PROGRAMS UNTIL ONE YEAR FOLLOWING TERMINATION OF THEIR EMPLOYMENT.	Against	0	4750	0	0

Page 41 of 43 Friday, July 27, 2012

Proxy Voting Record

GOOGLE INC.
Security:	38259P508		Meeting Type:	Annual
Ticker:	GOOG		Meeting Date:	21-Jun-2012
ISIN	US38259P5089		Vote Deadline Date:	20-Jun-2012
Agenda	933632968	Management	Total Ballot Shares:	2185
Last Vote Date:	04-Jun-2012

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR	For
	1       LARRY PAGE		550	0	0	0
	2       SERGEY BRIN		550	0	0	0
	3       ERIC E. SCHMIDT		550	0	0	0
	4       L. JOHN DOERR		550	0	0	0
	5       DIANE B. GREENE		550	0	0	0
	6       JOHN L. HENNESSY		550	0	0	0
	7       ANN MATHER		550	0	0	0
	8       PAUL S. OTELLINI		550	0	0	0
	9       K. RAM SHRIRAM		550	0	0	0
	10     SHIRLEY M. TILGHMAN		550	0	0	0
2	THE RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS GOOGLE’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2012.	For	550	0	0	0
3	THE APPROVAL OF THE ADOPTION OF GOOGLE’S FOURTH AMENDED AND RESTATED CERTIFICATE OF INCORPORATION: THE APPROVAL OF THE ADOPTION OF AMENDMENTS TO GOOGLE’S THIRD AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO ESTABLISH THE CLASS C CAPITAL STOCK AND TO MAKE CERTAIN CLARIFYING CHANGES.	For	550	0	0	0
4	THE APPROVAL OF THE ADOPTION OF GOOGLE’S FOURTH AMENDED AND RESTATED CERTIFICATE OF INCORPORATION: THE APPROVAL OF THE ADOPTION OF AMENDMENTS TO GOOGLE’S THIRD AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF CLASS A COMMON STOCK FROM 6 BILLION TO 9 BILLION.	For	550	0	0	0

Page 42 of 43 Friday, July 27, 2012

Proxy Voting Record

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
5	THE APPROVAL OF THE ADOPTION OF GOOGLE’S FOURTH AMENDED AND RESTATED CERTIFICATE OF INCORPORATION: THE APPROVAL OF THE ADOPTION OF AMENDMENTS TO GOOGLE’S THIRD AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO PROVIDE FOR THE TREATMENT OF SHARES OF CLASS A COMMON STOCK IN A MANNER THAT IS AT LEAST AS FAVORABLE AS THE SHARES OF CLASS B COMMON STOCK.	For	550	0	0	0
6	THE APPROVAL OF GOOGLE’S 2012 STOCK PLAN.	For	550	0	0	0
7	THE APPROVAL OF GOOGLE’S 2012 INCENTIVE COMPENSATION PLAN FOR EMPLOYEES AND CONSULTANTS OF MOTOROLA MOBILITY.	For	550	0	0	0
8	A STOCKHOLDER PROPOSAL REGARDING AN ADVISORY VOTE ON POLITICAL CONTRIBUTIONS, IF PROPERLY PRESENTED AT THE MEETING.	Against	0	550	0	0
9	A STOCKHOLDER PROPOSAL REGARDING MANDATORY ARBITRATION OF CERTAIN SHAREHOLDER CLAIMS, IF PROPERLY PRESENTED AT THE MEETING.	Against	0	550	0	0
10	A STOCKHOLDER PROPOSAL REGARDING EQUAL SHAREHOLDER VOTING, IF PROPERLY PRESENTED AT THE MEETING.	Against	0	550	0	0

Page 43 of 43 Friday, July 27, 2012

SIGNATURES

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.

The Appleton Funds

By:	/s/ James I. Ladge
	James I. Ladge
	President

Date: August 17, 2012