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 811-21596
Mundoval Funds
(Exact name of registrant as specified in charter)
7855 Ivanhoe Ave., Ste 210, La Jolla, CA 92037
(Address of principal executive offices) (Zip code)
Arthur Q. Johnson
Mundoval Funds
7855 Ivanhoe Ave., Ste 210, La Jolla, CA 92037
(Name and address of agent for service)
Registrant's telephone number, including area code: (858) 454-4837
Date of fiscal year end: December 31
Date of reporting period: July 1, 2022 – June 30, 2023
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 notes.
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:
Disclose the following information for each matter relating to a portfolio security considered at any shareholder meeting held during the period covered by the report and 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.
Account Name: MUNDOVAL FUND
Custodian Name: U.S. BANK, N.A.
| ALIBABA GROUP HOLDING LTD. | |||||
| Ticker Symbol:BABA | Cusip Number:01609W102 | ||||
| Record Date: 8/3/2022 | Meeting Date: 9/30/2022 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1.1 | Election of Director: Daniel Yong Zhang | For | Issuer | For | With |
| 1.2 | Election of Director: Jerry Yang | For | Issuer | For | With |
| 1.3 | Election of Director: Wan Ling Martello | For | Issuer | For | With |
| 1.4 | Election of Director: Weijian Shan | For | Issuer | For | With |
| 1.5 | Election of Director: Irene Yun-Lien Lee | For | Issuer | For | With |
| 1.6 | Election of Director: Albert Kong Pink Ng | For | Issuer | For | With |
| 2 | Ratify the appointment of of PriceWaterhouseCoopers as Independent accounting firm | For | Issuer | For | With |
| ASML HOLDINGS N.V. | |||||
| Ticker Symbol:ASML | Cusip Number:N07059210 | ||||
| Record Date: 3/29/2023 | Meeting Date: 4/26/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 10a. | Authorization to issue ordinary shares or grant rights to subscribe for ordinary shares up to 5% for the general purposes and up to 5% in connection with or on the occasion of mergers, acquisitions, and/or strategic alliances | For | Issuer | For | With |
| 10b. | Authorization of the Board of Management to restrict or exclude pre-emption rights in connection with the authorization referred to in item 10a. | For | Issuer | For | With |
| 11 | Proposal to authorize the Board of Management to repurchase ordinary shares up to 10% of the issued share capital | For | Issuer | For | With |
| 12 | Proposal to cancel ordinary shares | For | Issuer | For | With |
| 3a. | Advisory vote on the remuneration report for the Board of Management & the Supervisory Board of the financial year 2022 | For | Issuer | For | With |
| 3b. | Proposal to adopt the financial statements of the Company for the financial year 2022, as prepared in accordance with Dutch law | For | Issuer | For | With |
| 3d. | Proposal to adopt a dividend in respect of the financial year 2022 | For | Issuer | For | With |
| 4a. | Proposal to discharge the Members of the Board of Management from liability for their responsibilities in the financial year 2022 | For | Issuer | For | With |
| 4b. | Proposal to discharge the Members of the Supervisory Board from liability for their responsibilities in the financial year 2022 | For | Issuer | For | With |
| 5 | Proposal to approve the number of shares for the Board of Management | For | Issuer | For | With |
| 6a. | Proposal to amend the Remuneration Policy for the Supervisory Board | For | Issuer | For | With |
| 6b. | Proposal to amend the remuneration of the members of the Supervisory Board | For | Issuer | For | With |
| 8a. | Proposal to appoint Mr. N.S. Anderson as a Member of the Supervisory Board | For | Issuer | For | With |
| 8b. | Proposal to appoint Mr. J.P. de Kreij as a member of the Supervisory Board | For | Issuer | For | With |
| 9 | Proposal to appoint PricewaterhouseCoopers as external auditor for the reporting year 2025 in light of the mandatory external auditor rotation | For | Issuer | For | With |
| BANK OF AMERICA | |||||
| Ticker Symbol:BAC | Cusip Number:060505104 | ||||
| Record Date: 3/1/2023 | Meeting Date: 4/25/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1a. | Election of Director: Sharon L. Allen | For | Issuer | For | With |
| 1b. | Election of Director: Jose E. Almeida | For | Issuer | For | With |
| 1c. | Election of Director: Frank P. Bramble | For | Issuer | For | With |
| 1d. | Election of Director: Pierre J. P. de Weck | For | Issuer | For | With |
| 1e. | Election of Director: Arnold W. Donald | For | Issuer | For | With |
| 1f. | Election of Director: Linda P. Hudson | For | Issuer | For | With |
| 1g. | Election of Director: Monica C. Lozano | For | Issuer | For | With |
| 1h. | Election of Director: Brian T. Moynihan | For | Issuer | For | With |
| 1i. | Election of Director: Lionel L. Nowell III | For | Issuer | For | With |
| 1j. | Election of Director: Denise L. Ramos | For | Issuer | For | With |
| 1k. | Election of Director: Clayton S. Rose | For | Issuer | For | With |
| 1l. | Election of Director: Michael D. White | For | Issuer | For | With |
| 1m. | Election of Director: Thomas D. Woods | For | Issuer | For | With |
| 1n. | Election of Director: Maria T. Zuber | For | Issuer | For | With |
| 2 | Approving our executive compensation (an advisory, non-binding "Say on Pay" resolution | For | Issuer | For | With |
| 3 | A vote on the frequency of future "Say on Pay" resolutions (an advisory, non-binding "Say on Frequency" resolution. One Year. | For | Issuer | For | With |
| 4 | Ratifying the appointment of our independent registered public accounting firm for 2023 | For | Issuer | For | With |
| 5 | Amending and restating the Bank of America Corporation Equity Plan | For | Issuer | For | With |
| 6 | Shareholder proposal requesting an independent board chair | Against | Stockholder | Against | With |
| 7 | Shareholder proposal requesting shareholder ratification of termination pay | Against | Stockholder | Against | With |
| 8 | Shareholder proposal requesting greenhouse gas reduction targets | Against | Stockholder | Against | With |
| 9 | Shareholder proposal requesting a report on transition planning | Against | Stockholder | Against | With |
| BERKSHIRE HATHAWAY INC. | |||||
| Ticker Symbol:BRK.B | Cusip Number:084670702 | ||||
| Record Date: 3/8/2023 | Meeting Date: 5/6/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1.01-1.15 | Election of Directors- vote for all | For | Issuer | For | With |
| 2 | Non-binding resolution to approve the compensation of the Company's Named Executive Officers, as described in the 2023 Proxy Statement | For | Issuer | For | With |
| 3 | Non-binding resolution to determine the frequency with which shareholders of the Company shall be entitled to have an advisory vote on executive compensation | For | Issuer | For | With |
| 4 | Shareholder proposal regarding how the Company manages physical and transitional climate related risks and opportunities | Against | Stockholder | Against | With |
| 5 | Shareholder proposal regarding how climate -related risks are being governed by the Company | Against | Stockholder | Against | With |
| 6 | Shareholder proposal regarding how the Company intends to measure, disclose, and reduce GHG emissions associated with its underwriting, insuring and investment activities | Against | Stockholder | Against | With |
| 7 | Shareholder proposal regarding the reporting on the effectiveness of the Corporation's diversity, equity and inclusion efforts | Against | Stockholder | Against | With |
| 8 | Shareholder proposal regarding the adoption of a policy requiring that two separate people hold the offices of the Chairman and the CEO | Against | Stockholder | Against | With |
| 9 | Shareholder proposal requesting that the Company avoid supporting or taking a public policy position on controversial social & political issues | Against | Stockholder | Against | With |
| BERKSHIRE HATHAWAY INC. | |||||
| Ticker Symbol:BRK.B | Cusip Number:084670702 | ||||
| Record Date: 3/8/2023 | Meeting Date: 5/6/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1.01-1.15 | Election of Directors- vote for all | For | Issuer | For | With |
| 2 | Non-binding resolution to approve the compensation of the Company's Named Executive Officers, as described in the 2023 Proxy Statement | For | Issuer | For | With |
| 3 | Non-binding resolution to determine the frequency with which shareholders of the Company shall be entitled to have an advisory vote on executive compensation. 3 Years. | For | Issuer | For | With |
| 4 | Shareholder proposal regarding how the Company manages physical and transitional climate related risks and opportunities | Against | Stockholder | Against | With |
| 5 | Shareholder proposal regarding how climate -related risks are being governed by the Company | Against | Stockholder | Against | With |
| 6 | Shareholder proposal regarding how the Company intends to measure, disclose, and reduce GHG emissions associated with its underwriting, insuring and investment activities | Against | Stockholder | Against | With |
| 7 | Shareholder proposal regarding the reporting on the effectiveness of the Corporation's diversity, equity and inclusion efforts | Against | Stockholder | Against | With |
| 8 | Shareholder proposal regarding the adoption of a policy requiring that two separate people hold the offices of the Chairman and the CEO | Against | Stockholder | Against | With |
| 9 | Shareholder proposal requesting that the Company avoid supporting or taking a public policy position on controversial social & political issues | Against | Stockholder | Against | With |
| BERKSHIRE HATHAWAY INC. | |||||
| Ticker Symbol:BRK.B | Cusip Number:084670702 | ||||
| Record Date: 3/8/2023 | Meeting Date: 5/6/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1.01-1.15 | Election of Directors- vote for all | For | Issuer | For | With |
| 2 | Non-binding resolution to approve the compensation of the Company's Named Executive Officers, as described in the 2023 Proxy Statement | For | Issuer | For | With |
| 3 | Non-binding resolution to determine the frequency with which shareholders of the Company shall be entitled to have an advisory vote on executive compensation. 3 Years. | For | Issuer | For | With |
| 4 | Shareholder proposal regarding how the Company manages physical and transitional climate related risks and opportunities | Against | Stockholder | Against | With |
| 5 | Shareholder proposal regarding how climate -related risks are being governed by the Company | Against | Stockholder | Against | With |
| 6 | Shareholder proposal regarding how the Company intends to measure, disclose, and reduce GHG emissions associated with its underwriting, insuring and investment activities | Against | Stockholder | Against | With |
| 7 | Shareholder proposal regarding the reporting on the effectiveness of the Corporation's diversity, equity and inclusion efforts | Against | Stockholder | Against | With |
| 8 | Shareholder proposal regarding the adoption of a policy requiring that two separate people hold the offices of the Chairman and the CEO | Against | Stockholder | Against | With |
| 9 | Shareholder proposal requesting that the Company avoid supporting or taking a public policy position on controversial social & political issues | Against | Stockholder | Against | With |
| BLACKROCK, INC. | |||||
| Ticker Symbol:BLK | Cusip Number:09247X101 | ||||
| Record Date: 3/30/2023 | Meeting Date: 5/24/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1a. | Election of Director: Bader M. Alsaad | For | Issuer | For | With |
| 1b. | Election of Director: Pamela Daley | For | Issuer | For | With |
| 1c. | Election of Director: Laurence D. Fink | For | Issuer | For | With |
| 1d. | Election of Director: William E. Ford | For | Issuer | For | With |
| 1e. | Election of Director: Fabrizio Freda | For | Issuer | For | With |
| 1f. | Election of Director: Murry S. Gerber | For | Issuer | For | With |
| 1g. | Election of Director: Margaret "Peggy" L. Johnson | For | Issuer | For | With |
| 1h. | Election of Director: Robert S. Kapito | For | Issuer | For | With |
| 1i. | Election of Director: Cheryl D. Mills | For | Stockholder | For | With |
| 1j. | Election of Director: Gordon M. Nixon | For | Issuer | For | With |
| 1k. | Election of Director: Kristin C. Peck | For | Issuer | For | With |
| 1l. | Election of Director: Charles H. Robbins | For | Issuer | For | With |
| 1m. | Election of Director: Marco Antonio Slim Domit | For | Issuer | For | With |
| 1n. | Election of Director: Hans E. Vestberg | For | Issuer | For | With |
| 1o. | Election of Director: Susan L. Wagner | For | Issuer | For | With |
| 1p. | Election of Director: Mark Wilson | For | Issuer | For | With |
| 2 | Approval, in a non-binding advisory vote, of the compensation for named executive officers | For | Issuer | For | With |
| 3 | Approval, in a non-binding advisory vote, of the frequency of future executive compensation advisory votes. 1 Year. | For | Issuer | For | With |
| 4 | Ratification of the appointment of Deloitte LLP as BlackRock's independent registered public accounting firm for the fiscal year 2023 | For | Issuer | For | With |
| 5 | Shareholder proposal re: Civil rights, non-discrimination and returns to merit audit | Against | Stockholder | Against | With |
| 6 | Shareholder proposal to produce a report on BlackRock's ability to "engineer" decarbonization in the real economy | Against | Stockholder | Against | With |
| BLACKROCK, INC. | |||||
| Ticker Symbol:BLK | Cusip Number:09247X101 | ||||
| Record Date: 3/30/2023 | Meeting Date: 5/24/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1a. | Election of Director: Bader M. Alsaad | For | Issuer | For | With |
| 1b. | Election of Director: Pamela Daley | For | Issuer | For | With |
| 1c. | Election of Director: Laurence D. Fink | For | Issuer | For | With |
| 1d. | Election of Director: William E. Ford | For | Issuer | For | With |
| 1e. | Election of Director: Fabrizio Freda | For | Issuer | For | With |
| 1f. | Election of Director: Murry S. Gerber | For | Issuer | For | With |
| 1g. | Election of Director: Margaret "Peggy" L. Johnson | For | Issuer | For | With |
| 1h. | Election of Director: Robert S. Kapito | For | Issuer | For | With |
| 1i. | Election of Director: Cheryl D. Mills | For | Stockholder | For | With |
| 1j. | Election of Director: Gordon M. Nixon | For | Issuer | For | With |
| 1k. | Election of Director: Kristin C. Peck | For | Issuer | For | With |
| 1l. | Election of Director: Charles H. Robbins | For | Issuer | For | With |
| 1m. | Election of Director: Marco Antonio Slim Domit | For | Issuer | For | With |
| 1n. | Election of Director: Hans E. Vestberg | For | Issuer | For | With |
| 1o. | Election of Director: Susan L. Wagner | For | Issuer | For | With |
| 1p. | Election of Director: Mark Wilson | For | Issuer | For | With |
| 2 | Approval, in a non-binding advisory vote, of the compensation for named executive officers | For | Issuer | For | With |
| 3 | Approval, in a non-binding advisory vote, of the frequency of future executive compensation advisory votes. 1 Year. | For | Issuer | For | With |
| 4 | Ratification of the appointment of Deloitte LLP as BlackRock's independent registered public accounting firm for the fiscal year 2023 | For | Issuer | For | With |
| 5 | Shareholder proposal re: Civil rights, non-discrimination and returns to merit audit | Against | Stockholder | Against | With |
| 6 | Shareholder proposal to produce a report on BlackRock's ability to "engineer" decarbonization in the real economy | Against | Stockholder | Against | With |
| CAPITAL ONE FINANCIAL CORPORATION | |||||
| Ticker Symbol:COF | Cusip Number:14040H105 | ||||
| Record Date: 3/8/2023 | Meeting Date: 5/4/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1a. | Election of Director: Richard D. Fairbank | For | Issuer | For | With |
| 1b. | Election of Director: Ime Archibong | For | Issuer | For | With |
| 1c. | Election of Director: Christine Detrick | For | Issuer | For | With |
| 1d. | Election of Director: Ann Fritz Hackett | For | Issuer | For | With |
| 1e. | Election of Director: Peter Thomas Killalea | For | Issuer | For | With |
| 1f. | Election of Director: Cornelis "Eli" Leenaars | For | Issuer | For | With |
| 1g. | Election of Director: Francois Locho-Donou | For | Issuer | For | With |
| 1h. | Election of Director: Peter E. Raskind | For | Issuer | For | With |
| 1i. | Election of Director: Eileen Serra | For | Issuer | For | With |
| 1j. | Election of Director: Mayo A. Shattuck III | For | Issuer | For | With |
| 1k. | Election of Director: Bradford H. Warner | For | Issuer | For | With |
| 1l. | Election of Director: Craig Anthony Williams | For | Issuer | For | With |
| 2 | Proposal of amendments to Capital One Financial Corporations restated Certificate of Incorporation to remove remaining supermajority voting requirements and references to Signet Banking Corporation | For | Issuer | For | With |
| 3 | Advisory vote on frequency of holding an advisory vote to approve our Named Executive Officer Compensation (say when on pay) | For | Issuer | For | With |
| 4 | Advisory vote on our Named Executive Officer compensation (say on pay) | For | Issuer | For | With |
| 5 | Approval and adoption of the Capital One Financial Corporation Seventh Amended and Restated 2004 Stock Incentive Plan | For | Issuer | For | With |
| 6 | Ratification of the selection of Ernst & Young LLP as Independent registered public accounting fimr of Capital One of 2023. | For | Issuer | For | With |
| CELANESE CORPORATION | |||||
| Ticker Symbol:CE | Cusip Number:150870103 | ||||
| Record Date: 2/22/2023 | Meeting Date: 4/20/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1a. | Election of Director: Jean S. Blackwell | For | Issuer | For | With |
| 1b. | Election of Director: William M. Brown | For | Issuer | For | With |
| 1c. | Election of Director: Edward G. Galante | For | Issuer | For | With |
| 1d. | Election of Director: Kathryn M. Hill | For | Issuer | For | With |
| 1e. | Election of Director: David F. Hoffmeister | For | Issuer | For | With |
| 1f. | Election of Director: Dr. Jay V. Ihlenfeld | For | Issuer | For | With |
| 1g. | Election of Director: Deborah J. Kissire | For | Issuer | For | With |
| 1h. | Election of Director: Michael Koenig | For | Issuer | For | With |
| 1i. | Election of Director: Kim K.W. Rucker | For | Issuer | For | With |
| 1j. | Election of Director: Lori J Ryerkerk | For | Issuer | For | With |
| 2 | Ratification of the selection of KPMG LLP as independent registered public accounting firm for 2023. | For | Issuer | For | With |
| 3 | Advisory approval of executive compensation. | For | Issuer | For | With |
| 4 | Advisory approval of say on pay vote frequency. | For | Issuer | For | With |
| 5 | Approval of the Amended and Restated 2018 Global Incentive Plan. | For | Issuer | For | With |
| DIAGEO PLC | |||||
| Ticker Symbol:DEO | Cusip Number:25243Q205 | ||||
| Record Date: 9/1/2022 | Meeting Date: 10/6/2022 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1 | Reports & Accounts 2022 | For | Issuer | For | With |
| 10 | Re-appointment of Sir John Manzoni as a Director | For | Issuer | For | With |
| 11 | Re-appointment of Lady Mendelsohn as a Director | For | Issuer | For | With |
| 12 | Re-appointment of Ivan Menezes as a Director | For | Issuer | For | With |
| 13 | Re-appointment of Alan Stewart as a Director | For | Issuer | For | With |
| 14 | Re-appointment of Ireena Vittal as a Director | For | Issuer | For | With |
| 15 | Re-appointment of auditor | For | Issuer | For | With |
| 16 | Remuneration of auditor | For | Issuer | For | With |
| 17 | Authority to make political donations and/or to incur political expense | For | Issuer | For | With |
| 18 | Amendment of the Diageo Plc 2017 Irish share ownership plan | For | Issuer | For | With |
| 19 | Authority to allot shares | For | Issuer | For | With |
| 2 | Director's remuneration report 2022 | For | Issuer | For | With |
| 20 | Disapplication of pre-emption rights | For | Issuer | For | With |
| 21 | Authority to purchase own ordinary shares | For | Issuer | For | With |
| 22 | Reduced notice of a general meeting other than an AGM | For | Issuer | For | With |
| 3 | Declaration of Final Dividend | For | Issuer | For | With |
| 4 | Appointment of Karen Blackett as a Director | For | Issuer | For | With |
| 5 | Re-Appointment of Melissa Bethell as a Director | For | Issuer | For | With |
| 6 | Re-appointment of Lavanya Chandrashekar as a Director | For | Issuer | For | With |
| 7 | Re-appointment of Valerie Chapouland-Floquet as a Director | For | Issuer | For | With |
| 8 | Re-appointment of Javier Ferran as a Director | For | Issuer | For | With |
| 9 | Re-appointment of Susan Kilsby as a Director | For | Stockholder | For | With |
| DIAGEO PLC | |||||
| Ticker Symbol:DEO | Cusip Number:25243Q205 | ||||
| Record Date: 9/1/2022 | Meeting Date: 10/6/2022 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1 | Reports & Accounts 2022 | For | Issuer | For | With |
| 10 | Re-appointment of Sir John Manzoni as a Director | For | Issuer | For | With |
| 11 | Re-appointment of Lady Mendelsohn as a Director | For | Issuer | For | With |
| 12 | Re-appointment of Ivan Menezes as a Director | For | Issuer | For | With |
| 13 | Re-appointment of Alan Stewart as a Director | For | Issuer | For | With |
| 14 | Re-appointment of Ireena Vittal as a Director | For | Issuer | For | With |
| 15 | Re-appointment of auditor | For | Issuer | For | With |
| 16 | Remuneration of auditor | For | Issuer | For | With |
| 17 | Authority to make political donations and/or to incur political expense | For | Issuer | For | With |
| 18 | Amendment of the Diageo Plc 2017 Irish share ownership plan | For | Issuer | For | With |
| 19 | Authority to allot shares | For | Issuer | For | With |
| 2 | Director's remuneration report 2022 | For | Issuer | For | With |
| 20 | Disapplication of pre-emption rights | For | Issuer | For | With |
| 21 | Authority to purchase own ordinary shares | For | Issuer | For | With |
| 22 | Reduced notice of a general meeting other than an AGM | For | Issuer | For | With |
| 3 | Declaration of Final Dividend | For | Issuer | For | With |
| 4 | Appointment of Karen Blackett as a Director | For | Issuer | For | With |
| 5 | Re-Appointment of Melissa Bethell as a Director | For | Issuer | For | With |
| 6 | Re-appointment of Lavanya Chandrashekar as a Director | For | Issuer | For | With |
| 7 | Re-appointment of Valerie Chapouland-Floquet as a Director | For | Issuer | For | With |
| 8 | Re-appointment of Javier Ferran as a Director | For | Issuer | For | With |
| 9 | Re-appointment of Susan Kilsby as a Director | For | Stockholder | For | With |
| HONEYWELL INTERNATIONAL INC. | |||||
| Ticker Symbol:HON | Cusip Number:438516106 | ||||
| Record Date: 3/24/2023 | Meeting Date: 5/19/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1a. | Election of Director: Darius Adamczyk | For | Issuer | For | With |
| 1b. | Election of Director: Duncan B. Angove | For | Issuer | For | With |
| 1c. | Election of Director: William S. Ayer | For | Issuer | For | With |
| 1d. | Election of Director: Kevin Burke | For | Issuer | For | With |
| 1e. | Election of Director: D. Scott Davis | For | Issuer | For | With |
| 1f. | Election of Director: Deborah Flint | For | Issuer | For | With |
| 1g. | Election of Director: Vimal Kapur | For | Issuer | For | With |
| 1h. | Election of Director: Rose Lee | For | Issuer | For | With |
| 1i. | Election of Director: Grace D. Lieblein | For | Issuer | For | With |
| 1j. | Election of Director: Robin L. Washington | For | Issuer | For | With |
| 1k. | Election of Director: Robin Watson | For | Issuer | For | With |
| 2 | Advisory Vote to Approve Frequency of Advisory Vote on Executive Compensation | For | Issuer | For | With |
| 3 | Advisory vote to Approve Executive Compensation | For | Issuer | For | With |
| 4 | Approval of Independent Accountants | For | Issuer | For | With |
| 5 | Shareholder proposal for an Independent Chairman | Against | Stockholder | Against | With |
| 6 | Shareholder proposal to request Environmental & Health Impact Report | Against | Stockholder | Against | With |
| INTEL CORPORATION | |||||
| Ticker Symbol:INTC | Cusip Number:458140100 | ||||
| Record Date: 3/17/2023 | Meeting Date: 5/11/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1a. | Election of Director: Patrick P. Gelsinger | For | Issuer | For | With |
| 1b. | Election of Director: James J. Goetz | For | Issuer | For | With |
| 1c. | Election of Director: Andrea J. Goldsmith | For | Issuer | For | With |
| 1d. | Election of Director: Alyssa H. Henry | For | Issuer | For | With |
| 1e. | Election of Director: Omar Ishrak | For | Issuer | For | With |
| 1f. | Election of Director: Risa Lavizzo-Mourey | For | Issuer | For | With |
| 1g. | Election of Director: Tsu-Jae King Liu | For | Issuer | For | With |
| 1h. | Election of Director: Barabara G. Novick | For | Issuer | For | With |
| 1i. | Election of Director: Gregory D. Smith | For | Issuer | For | With |
| 1j. | Election of Director: Lip-Bu Tan | For | Issuer | For | With |
| 1k. | Election of Director: Dion J. Weisler | For | Issuer | For | With |
| 1l. | Election of Director: Frank D. Yeary | For | Issuer | For | With |
| 2 | Ratification of selection of Ernst & Young LLP as our independent registered public accounting firm for 2023 | For | Issuer | For | With |
| 3 | Advisory vote to approve executive compensation of our named executive officers | For | Issuer | For | With |
| 4 | Approval of amendment & restatement of the 2006 Equity Incentive Plan | For | Issuer | For | With |
| 5 | Advisory vote on the frequency of holding future advisory votes to approve executive compensation of our named executive officers | For | Issuer | For | With |
| 6 | Stockholder proposal requesting an executive stock retention period policy and reporting, if properly presented at the meeting | Against | Stockholder | Against | With |
| 7 | Stockholder proposal requesting commission and publication of a third party review of Intel's China business ESG congruence, if properly presented at the meeting | Against | Stockholder | Against | With |
| LINDE PLC | |||||
| Ticker Symbol:LIN | Cusip Number:G5494J103 | ||||
| Record Date: 12/9/2022 | Meeting Date: 1/18/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1 | Scheme of arrangement whereupon holders of Linde ordinary shares will receive ordinary shares of a new publicly traded company incorporated in Ireland. | For | Issuer | For | With |
| 2 | To approve, subject to the Scheme becoming effective, an amendment to the articles of association of Linde which are part of Linde constitution, referred to as the "Articles," in respect of certain mechanics to effect the Scheme as set forth in Linde's proxy statement. | For | Issuer | For | With |
| 3 | To approve the Common Draft Terms of Merger dated December 2, 2022 between Linde and New Linde, that are included in Linde's Proxy statement, whereupon and assuming the other conditions of the merger are satisfied, Linde would be merged with and into New Linde surviving the merger, and the directors of Linde be authorized to take all steps necessary or appropriate to execute and carry the merger into effect. | For | Issuer | For | With |
| LOCKHEED MARTIN CORPORATION | |||||
| Ticker Symbol:LMT | Cusip Number:539830109 | ||||
| Record Date: 2/24/2023 | Meeting Date: 4/27/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1a. | Election of Director: Daniel F. Akerson | For | Issuer | For | With |
| 1b. | Election of Director: David B. BUrritt | For | Issuer | For | With |
| 1c. | Election of Director: Bruce A. Carlson | For | Issuer | For | With |
| 1d. | Election of Director: John N. Donovan | For | Issuer | For | With |
| 1e. | Election of Director: Joseph Dunford | For | Issuer | For | With |
| 1f. | Election of Director: James O. Ellis Jr. | For | Issuer | For | With |
| 1g. | Election of Director: Thomas J. Falk | For | Issuer | For | With |
| 1h. | Election of Director: Ilene S. Gordon | For | Issuer | For | With |
| 1i. | Election of Director: Vicki A. Hollub | For | Issuer | For | With |
| 1j. | Election of Director: Jeh C. Johnson | For | Issuer | For | With |
| 1k. | Election of Director: Debra L. Reed-Klages | For | Issuer | For | With |
| 1l. | Election of Director: James D. Taiclet | For | Issuer | For | With |
| 1m. | Election of Director: Patricia E. Yarrington | For | Issuer | For | With |
| 2 | Advisory Vote to approve the compensation of our named Executive Officers (Say on Pay) | For | Issuer | For | With |
| 3 | Advisory vote on the frequency of Advisory Votes to Approve the Compensation of our Named Executive Officers | For | Issuer | For | With |
| 4 | Ratification of the Appointment of Ernst & Young LLP as our Independent Auditors for 2023 | For | Issuer | For | With |
| 5 | Stockholder Proposal requiring an Independent Board Chairman | Against | Stockholder | Against | With |
| 6 | Stockholde proposal to Issue a Human Rights Impact Asssessment Report | Against | Stockholder | Against | With |
| 7 | Stockholder proposal to Issue a Report on the company's intention to reduce full value chain GHG emmissions | Against | Stockholder | Against | With |
| MERCK & CO. INC. | |||||
| Ticker Symbol:MRK | Cusip Number:58933Y105 | ||||
| Record Date: 3/24/2023 | Meeting Date: 5/23/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1a. | Election of Director: Douglas M. Baker | For | Issuer | For | With |
| 1b. | Election of Director: Mary Ellen Coe | For | Issuer | For | With |
| 1c. | Election of Director: Pamela J. Craig | For | Issuer | For | With |
| 1d. | Election of Director: Robert M. Davis | For | Issuer | For | With |
| 1e. | Election of Director: Thomas H. Glocer | For | Issuer | For | With |
| 1f. | Election of Director: Rise J. Lavizzo-Mourey M.D. | For | Issuer | For | With |
| 1g. | Election of Director: Stephen L. Mayo Ph.D. | For | Issuer | For | With |
| 1h. | Election of Director: Paul B. Rothman | For | Issuer | For | With |
| 1i. | Election of Director: Patricia F. Russo | For | Issuer | For | With |
| 1j. | Election of Director: Christine E. Seidman | For | Issuer | For | With |
| 1k. | Election of Director: Inge G. Thulin | For | Issuer | For | With |
| 1l. | Election of Director: Kathy J. Warden | For | Issuer | For | With |
| 1m. | Election of Director: Peter C. Wendell | For | Issuer | For | With |
| 2 | Non-binding advisory vote to approve the compensation of our named executive officers | For | Issuer | For | With |
| 3 | Non-binding advisory vote to approve the frequency of future votes to approve the compensation of our named executive officers | For | Issuer | For | With |
| 4 | Ratification of the appointment of the Company's independent registered public accounting firm for 2023 | For | Issuer | For | With |
| 5 | Shareholder proposal regarding business operations in China | Against | Stockholder | Against | With |
| 6 | Shareholder proposal regarding access to COVID-19 products | Against | Stockholder | Against | With |
| 7 | Shareholder proposal regarding indirect political spending | Against | Stockholder | Against | With |
| 8 | Shareholder proposal regarding patents and access | Against | Stockholder | Against | With |
| META PLATFORMS, INC. | |||||
| Ticker Symbol:META | Cusip Number:30303M102 | ||||
| Record Date: 4/6/2023 | Meeting Date: 5/31/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1 | Vote for all Director Nominees | For | Issuer | For | With |
| 10 | Shareholder proposal regarding report enforcement of Community Standards and user content | Against | Stockholder | Against | With |
| 11 | Shareholder proposal regarding report on child safety impacts and actual harm reduction to children | Against | Stockholder | Against | With |
| 12 | Shareholder proposal regarding report on pay calibration to externalized costs | Against | Stockholder | Against | With |
| 13 | Shareholder proposal regarding performance review of the audit & risk oversight committee | Against | Stockholder | Against | With |
| 2 | To ratify the appointment of Ernst & Young LLP as Meta Platforms Inc. independent registered public accounting firm for the fiscal year ending December 31, 2023 | For | Issuer | For | With |
| 3 | Shareholder proposal regarding government takedown requests | Against | Stockholder | Against | With |
| 4 | Shareholder proposal regarding dual class capital structure | Against | Stockholder | Against | With |
| 5 | Shareholder proposal regarding human rights impact assessment of targeted advertising | Against | Stockholder | Against | With |
| 6 | Shareholder proposal regarding report on lobbying disclosures | Against | Stockholder | Against | With |
| 7 | Shareholder proposal regarding report on allegations of political entanglement and content management biases in India | Against | Stockholder | Against | With |
| 8 | Shareholder proposal regarding report on framework to assess company lobbying alignment with climate goals | Against | Stockholder | Against | With |
| 9 | Shareholder proposal regarding report on reproductive rights and data privacy | Against | Stockholder | Against | With |
| MICROSOFT CORPORATION | |||||
| Ticker Symbol:MSFT | Cusip Number:594918104 | ||||
| Record Date: 10/12/2022 | Meeting Date: 12/13/2022 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1a. | Election of Director: Reid G. Hoffman | For | Issuer | For | With |
| 1b. | Election of Director: Hugh F. Johnston | For | Issuer | For | With |
| 1c. | Election of Director: Teri L. List | For | Issuer | For | With |
| 1d. | Election of Director: Satya Nadella | For | Issuer | For | With |
| 1e. | Election of Director: Sandra E. Peterson | For | Issuer | For | With |
| 1f. | Election of Director: Penny S. Pritzker | For | Issuer | For | With |
| 1g. | Election of Director: Carlos A. Rodriguez | For | Issuer | For | With |
| 1h. | Election of Director: Charles W. Scharf | For | Issuer | For | With |
| 1i. | Election of Director: John W. Stanton | For | Issuer | For | With |
| 1j. | Election of Director: John W. Thompson | For | Issuer | For | With |
| 1k. | Election of Director: Emma N. Walmsley | For | Issuer | For | With |
| 1l. | Election of Director: Padmasree Warrior | For | Issuer | For | With |
| 2 | Advisory vote to approve named executive officer compensation | For | Issuer | For | With |
| 3 | Ratification of the Selection of Deloitte & Touche LLP as our Independent Auditor for Fiscal Year 2023. | For | Issuer | For | With |
| 4 | Cost/Benefit Analysis of Diversity & Inclusion. | Against | Stockholder | Against | With |
| 5 | Report on hiring of persons with arrest or incarceration reports. | Against | Stockholder | Against | With |
| 6 | Report on investment of retirement funds in companies contributing to climate change. | Against | Stockholder | Against | With |
| 7 | Report on government use of microsoft technology | Against | Stockholder | Against | With |
| 8 | Report on development of products for military | Against | Stockholder | Against | With |
| 9 | Report on tax transparency | Against | Issuer | Against | With |
| NIKE, INC. | |||||
| Ticker Symbol:NKE | Cusip Number:654106103 | ||||
| Record Date: 7/8/2022 | Meeting Date: 9/9/2022 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1a. | Election of Class B Director: Alan B. Graf Jr. | For | Issuer | For | With |
| 1b. | Election of Class B Director: Peter B. Henry | For | Issuer | For | With |
| 1c. | Election of Class B Director: Michelle A. Peluso | For | Issuer | For | With |
| 2 | To approve executive compensation by an advisory vote | For | Issuer | For | With |
| 3 | To ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm | For | Issuer | For | With |
| 4 | To approve the amendment of the Nike, Inc. Employee Stock Purchase to increase authorized shares | For | Issuer | For | With |
| 5 | Shareholder proposal regarding a policy on China sourcing, if properly presented at the meeting | Against | Stockholder | Against | With |
| NIKE, INC. | |||||
| Ticker Symbol:NKE | Cusip Number:654106103 | ||||
| Record Date: 7/8/2022 | Meeting Date: 9/9/2022 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1a. | Election of Class B Director: Alan B. Graf Jr. | For | Issuer | For | With |
| 1b. | Election of Class B Director: Peter B. Henry | For | Issuer | For | With |
| 1c. | Election of Class B Director: Michelle A. Peluso | For | Issuer | For | With |
| 2 | To approve executive compensation by an advisory vote | For | Issuer | For | With |
| 3 | To ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm | For | Issuer | For | With |
| 4 | To approve the amendment of the Nike, Inc. Employee Stock Purchase to increase authorized shares | For | Issuer | For | With |
| 5 | Shareholder proposal regarding a policy on China sourcing, if properly presented at the meeting | Against | Stockholder | Against | With |
| T. ROWE PRICE GROUP, INC. | |||||
| Ticker Symbol:TROW | Cusip Number:74144T108 | ||||
| Record Date: 3/1/2023 | Meeting Date: 5/9/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1a. | Election of Director: Glenn R. August | For | Issuer | For | With |
| 1b. | Election of Director: Mark S. Bartlett | For | Issuer | For | With |
| 1c. | Election of Director: Dr. Freeman A. Hrabowski | For | Issuer | For | With |
| 1d. | Election of Director: Robert F. MacLellan | For | Issuer | For | With |
| 1e. | Election of Director: Eileen P. Rominger | For | Issuer | For | With |
| 1f. | Election of Director: Robert W. Sharps | For | Issuer | For | With |
| 1g. | Election of Director: Dina Dublon | For | Issuer | For | With |
| 1h. | Election of Director: Robert J. Stevens | For | Issuer | For | With |
| 1i. | Election of Director: William J. Stromberg | For | Issuer | For | With |
| 1j. | Election of Director: Sandra S. Wijnberg | For | Issuer | For | With |
| 1k. | Election of Director: Alan D. Wilson | For | Issuer | For | With |
| 2 | Approve by a non-binding advisory vote, the compensation paid by the Company to its Named Executive Officers | For | Issuer | For | With |
| 3 | Approve the restated 1986 Employee Stock Purchase Plan which includes the increase by 3 million shares of the share pool available for purchase by employees | For | Issuer | For | With |
| 4 | Recommend by a non-binding advisory vote, the frequency of voting the stockholders on compensation paid by the Company to its Named Executive Officers | For | Issuer | For | With |
| 5 | Ratify the appointment of KPMG LLP as the Company's independent registered public accounting firm for 2023 | For | Issuer | For | With |
| THE ESTEE LAUDER COMPANIES INC. | |||||
| Ticker Symbol:EL | Cusip Number:518439104 | ||||
| Record Date: 9/19/2022 | Meeting Date: 11/18/2022 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1a. | Election of Class II Director: Ronald S. Lauder | For | Issuer | For | With |
| 1b. | Election of Class II Director: William P. Lauder | For | Issuer | For | With |
| 1c. | Richard D. Parsons | For | Issuer | For | With |
| 1d. | Lynn Forester de Rothschild | For | Issuer | For | With |
| 1e. | Jennifer Tejada | For | Issuer | For | With |
| 1f. | Richard F. Zannino | For | Issuer | For | With |
| 2 | Ratification of the appointment of PriceWaterhouseCoopers LLP as independent auditors for the 2023 fiscal year. | For | Issuer | For | With |
| 3 | Advisory vote to approve executive compensation. | For | Issuer | For | With |
| THE HERSHEY COMPANY | |||||
| Ticker Symbol:HSY | Cusip Number:427866108 | ||||
| Record Date: 3/20/2023 | Meeting Date: 5/16/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1.01-1.11 | Election of Directors | For | Issuer | For | With |
| 2 | Ratify the appointment of Ernst & Young LLP as independent auditors for 2023 | For | Issuer | For | With |
| 3 | Approve named executive officer compensation on a non-binding advisory basis | For | Issuer | For | With |
| 4 | The frequency of future advisory votes on named executive officer compensation | For | Issuer | For | With |
| 5 | Stockholder proposal titled "Public Support on Living Wage & Income | Against | Stockholder | Against | With |
| THE TJX COMPANIES, INC. | |||||
| Ticker Symbol:TJX | Cusip Number:872540109 | ||||
| Record Date: 4/13/2023 | Meeting Date: 6/6/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1a. | Election of Director: Jose B. Alvarez | For | Issuer | For | With |
| 1b. | Election of Director: Alan M. Bennett | For | Issuer | For | With |
| 1c. | Election of Director: Rosemary T. Berkery | For | Issuer | For | With |
| 1d. | Election of Director: David T. Ching | For | Issuer | For | With |
| 1e. | Election of Director: C. Kim Goodwin | For | Issuer | For | With |
| 1f. | Election of Director: Ernie Herrman | For | Issuer | For | With |
| 1g. | Election of Director: Amy B. Lane | For | Issuer | For | With |
| 1h. | Election of Director: Carol Meyrowitz | For | Issuer | For | With |
| 1i. | Election of Director: Jackwyn L. Nemerov | For | Issuer | For | With |
| 2 | Ratification of appointment of PricewaterhouseCoopers LLP as TJX's independent registered public accounting firm for fiscal 2024 | For | Issuer | For | With |
| 3 | Advisory approval of TJX's executive compensation (the say on pay vote) | For | Issuer | For | With |
| 4 | Advisory approval of the frequency of TJX's say on pay votes | For | Issuer | For | With |
| 5 | Shareholder proposal for a report on effectiveness of social compliance effrots in TJX's supply chain | Against | Stockholder | Against | With |
| 6 | Shareholder proposal for a report on risk to TJX from supplier misclassification of supplier's employees | Against | Stockholder | Against | With |
| 7 | Shareholder proposal to adopt a paid sick leave policy for all Associates | Against | Stockholder | Against | With |
| THE WALT DISNEY COMPANY | |||||
| Ticker Symbol:DIS | Cusip Number:254687106 | ||||
| Record Date: 2/8/2023 | Meeting Date: 4/3/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1a. | Election of Director: Mary T. Barra | For | Issuer | For | With |
| 1b. | Election of Director: Safra A. Catz | For | Issuer | For | With |
| 1c. | Election of Director: Amy L. Chang | For | Issuer | For | With |
| 1d. | Election of Director: Francis A. deSouza | For | Issuer | For | With |
| 1e. | Election of Director: Carolyn N. Everson | For | Issuer | For | With |
| 1f. | Election of Director: Michael B.G. Froman | For | Issuer | For | With |
| 1g. | Election of Director: Robert A. Iger | For | Issuer | For | With |
| 1h. | Election of Director: Maria Elena Lagomasino | For | Issuer | For | With |
| 1i. | Election of Director: Calvin R. McDonald | For | Issuer | For | With |
| 1j. | Election of Director: Mark G. Parker | For | Issuer | For | With |
| 1k. | Election of Director: Derica W. Rice | For | Issuer | For | With |
| 2 | Ratification of the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accountants for fiscal 2023 | For | Issuer | For | With |
| 3 | Consideration of an advisory vote to approve executive compensation | For | Issuer | For | With |
| 4 | Consideration of an advisory vote on the frequency of advisory votes on executive compensation | For | Issuer | For | With |
| 5 | Shareholder proposal requesting a report on operations related to China | Against | Stockholder | Against | With |
| 6 | Shareholder proposal requesting charitable contribution disclosure | Against | Stockholder | Against | With |
| 7 | Shareholder proposal requesting political expenditures report | Against | Stockholder | Against | With |
| TYSON FOODS, INC. | |||||
| Ticker Symbol:TSN | Cusip Number:902494103 | ||||
| Record Date: 12/12/2022 | Meeting Date: 2/9/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1a. | Election of Director: John H. Tyson | For | Issuer | For | With |
| 1b. | Election of Director: Les R. Baledge | For | Issuer | For | With |
| 1c. | Election of Director: Mike Beebe | For | Issuer | For | With |
| 1d. | Election of Director: Maria Claudia Borras | For | Issuer | For | With |
| 1e. | Election of Director: David J. Bronczek | For | Issuer | For | With |
| 1f. | Election of Director: Mikel A. Durham | For | Issuer | For | With |
| 1g. | Election of Director: Donnie King | For | Issuer | For | With |
| 1h. | Election of Director: Jonathan D. Mariner | For | Issuer | For | With |
| 1i. | Election of Director: Kevin M. McNamara | For | Issuer | For | With |
| 1j. | Election of Director: Cheryl S. Miller | For | Issuer | For | With |
| 1k. | Election of Director: Jeffrey K. Schomburger | For | Issuer | For | With |
| 1l. | Election of Director: Barbara A. Tyson | For | Issuer | For | With |
| 1m. | Election of Director: Noel White | For | Issuer | For | With |
| 2 | To ratify the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the Company for the fiscal year ending September 30, 2023 | For | Issuer | For | With |
| 3 | To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers | For | Issuer | For | With |
| 4 | To approve, on a non-binding advisory basis, the frequency of the advisory vote regarding the compensation of the Company's named executive officers | For | Issuer | For | With |
| 5 | To approve the amendment and restatement of the Tyson Foods, Inc. 2000 Stock Incentive Plan | For | Issuer | For | With |
| UNILEVER PLC | |||||
| Ticker Symbol:UL | Cusip Number:904767704 | ||||
| Record Date: 3/15/2023 | Meeting Date: 5/3/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1 | To receive the Report and Accounts for the year ended 31 December 2022 | For | Issuer | For | With |
| 10 | To re-elect Strive Masiyiwa as a Director | For | Issuer | For | With |
| 11 | To re-elect Youngme Moon as a Director | For | Issuer | For | With |
| 12 | To re-elect Graeme Pitkethly as a Director | For | Issuer | For | With |
| 13 | To re-elect Feike Sijbesma as a Director | For | Issuer | For | With |
| 14 | To elect Nelson Peltz as a Director | For | Issuer | For | With |
| 15 | To elect Hein Schumacher as a Director | For | Issuer | For | With |
| 16 | To reappoint KPMG LLP as Auditor of the Company | For | Issuer | For | With |
| 17 | To authorize the Directors to fix the remuneration of the Auditor | For | Issuer | For | With |
| 18 | To authorize Political Donations & expenditure | For | Issuer | For | With |
| 19 | To renew the authority to Directors to issue shares | For | Issuer | For | With |
| 2 | To approve the Director's Remuneration Report | For | Issuer | For | With |
| 20 | To renew the authority to Directors to disapply pre-emption rights | For | Issuer | For | With |
| 21 | To renew the authority to Directors to disapply rights for the purposes of acquisitions or capital investments | For | Issuer | For | With |
| 22 | To renew the authority to the Company to purchase its own shares | For | Issuer | For | With |
| 23 | To shorten the notice period for General Meetings to 14 clear days' notice | For | Issuer | For | With |
| 3 | To re-elect Nils Andersen as a Director | For | Issuer | For | With |
| 4 | To re-elect Judith Hartmann as a Director | For | Issuer | For | With |
| 5 | To re-elect Adrian Hennah as a Director | For | Issuer | For | With |
| 6 | To re-elect Alan Jope as a Director | For | Issuer | For | With |
| 7 | To re-elect Andrea Jung as a Director | For | Issuer | For | With |
| 8 | To re-elect Susan Kilsby as a Director | For | Issuer | For | With |
| 9 | To re-elect Ruby Lu as a Director | For | Issuer | For | With |
| VISA INC. | |||||
| Ticker Symbol:V | Cusip Number:92826C839 | ||||
| Record Date: 11/25/2022 | Meeting Date: 1/24/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1a. | Election of Director: Lloyd A. Carney | For | Issuer | For | With |
| 1b. | Election of Director: Kermit R. Crawford | For | Issuer | For | With |
| 1c. | Election of Director: Francisco Javier | For | Issuer | For | With |
| 1d. | Election of Director: Alfred F. Kelly, Jr. | For | Issuer | For | With |
| 1e. | Election of Director: Ramon Laguarta | For | Issuer | For | With |
| 1f. | Election of Director: Teri L. List | For | Issuer | For | With |
| 1g. | Election of Director: John F. Lundgren | For | Issuer | For | With |
| 1h. | Election of Director: Denise M. Morrison | For | Issuer | For | With |
| 1i. | Election of Director: Linda J. Rendle | For | Issuer | For | With |
| 1j. | Election of Director: Maynard G. Webb, Jr. | For | Issuer | For | With |
| 2 | To approve, on an advisory basis, the compensation paid to our named executive officers | For | Issuer | For | With |
| 3 | To hold an advisory vote of the frequency of future advisory votes to approve executive compensation | For | Issuer | For | With |
| 4 | To ratify the appointment of KPMG LLP as our independent registered public accounting firm for fiscal year 2023 | For | Issuer | For | With |
| 5 | To vote on a stockholder proposal requesting an independent board chair policy | Against | Stockholder | Against | With |
| WEST PHARMACEUTICAL SERVICES, INC. | |||||
| Ticker Symbol:WST | Cusip Number:955306105 | ||||
| Record Date: 3/3/2023 | Meeting Date: 4/25/2023 | ||||
| Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt |
| 1a. | Election of Director: Mark A. Butham | For | Issuer | For | With |
| 1b. | Election of Director: William F. Feehery | For | Issuer | For | With |
| 1c. | Election of Director: Robert F. Friel | For | Issuer | For | With |
| 1d. | Election of Director: Eric M. Green | For | Issuer | For | With |
| 1e. | Election of Director: Thomas W. Hofmann | For | Issuer | For | With |
| 1f. | Election of Director: Molly E. Joseph | For | Issuer | For | With |
| 1g. | Election of Director: Deborah L.V. Keller | For | Issuer | For | With |
| 1h. | Election of Director: Myla P. Lai-Goldman | For | Issuer | For | With |
| 1i. | Election of Director: Stephen H.Lockart | For | Issuer | For | With |
| 1j. | Election of Director: Douglas A. Michels | For | Issuer | For | With |
| 1k. | Election of Director: Paolo Pucci | For | Issuer | For | With |
| 2 | Advisory Vote to approve named executive officer compensation | For | Issuer | For | With |
| 3 | To ratify the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for 2023. | For | Issuer | For | With |
| 4 | Advisory vote on the frequency of an advisory vote on executive compensation | For | Issuer | For | With |
| 5 | Shareholder proposal regarding fair elections | Against | Stockholder | Against | With |
| * Management Recommended Vote | |||||
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.
MUNDOVAL FUNDS
By: /s/Arthur Q. Johnson
Arthur Q. Johnson, President
Date: August 10, 2023
