DGHM Investment Trust N-PX Annual report of proxy voting record

     UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

     Form N-PX

     ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERD MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number:	811-21958
Exact name of registrant as specified in charter:	DGHM Investment Trust
Address of principal executive offices:	565 Fifth Avenue, Suite 2101
	New York, New York 10017
Name and address of agent for service:	The Corporation Trust Company
	1209 Orange Street
	Wilmington, DE 19801
	with a copy to:
	John H. Lively
	The Law Offices of John H. Lively & Associates, Inc.
	A member firm of the 1940 Act Law GroupTM
	11300 Tomahawk Creek Parkway, Suite 310
	Leawood, KS 66211
Registrant ’s telephone number, including area code:	800-653-2839
Date of fiscal year end:	Last day of February
Date of reporting period:	July 1, 2012 to June 30, 2013

Item 1. Proxy Voting Record.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 1 of 78

DGHM All Cap Value Fund

3M COMPANY
Security: 88579Y101	Agenda Number: 933754966
Ticker: MMM	Meeting Type: Annual
ISIN: US88579Y1010	Meeting Date: 14-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: LINDA G.	Mgmt	For	For
	ALVARADO
1B.	ELECTION OF DIRECTOR: VANCE D.	Mgmt	For	For
	COFFMAN
1C.	ELECTION OF DIRECTOR: MICHAEL L.	Mgmt	For	For
	ESKEW
1D.	ELECTION OF DIRECTOR: W. JAMES	Mgmt	For	For
	FARRELL
1E.	ELECTION OF DIRECTOR: HERBERT L.	Mgmt	For	For
	HENKEL
1F.	ELECTION OF DIRECTOR: MUHTAR KENT	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 2 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1G.	ELECTION OF DIRECTOR: EDWARD M.	Mgmt	For	For
	LIDDY
1H.	ELECTION OF DIRECTOR: ROBERT S.	Mgmt	For	For
	MORRISON
1I.	ELECTION OF DIRECTOR: AULANA L.	Mgmt	For	For
	PETERS
1J.	ELECTION OF DIRECTOR: INGE G. THULIN	Mgmt	For	For
1K.	ELECTION OF DIRECTOR: ROBERT J.	Mgmt	For	For
	ULRICH
2.	TO RATIFY THE APPOINTMENT OF	Mgmt	For	For
	PRICEWATERHOUSECOOPERS LLP AS
	3M’S INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM.
3.	ADVISORY APPROVAL OF EXECUTIVE	Mgmt	For	For
	COMPENSATION.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 3 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
4.	STOCKHOLDER PROPOSAL ON ACTION	Shr	For	Against
	BY WRITTEN CONSENT.
5.	STOCKHOLDER PROPOSAL ON	Shr	Against	For
	PROHIBITING POLITICAL SPENDING
	FROM CORPORATE TREASURY FUNDS.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 4 of 78

DGHM All Cap Value Fund

ACE LIMITED
Security: H0023R105	Agenda Number: 933802022
Ticker: ACE	Meeting Type: Annual
ISIN: CH0044328745	Meeting Date: 16-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.1	ELECTION OF ROBERT M. HERNANDEZ	Mgmt	For	For
1.2	ELECTION OF PETER MENIKOFF	Mgmt	For	For
1.3	ELECTION OF ROBERT RIPP	Mgmt	For	For
1.4	ELECTION OF THEODORE E. SHASTA	Mgmt	For	For
2.	AMENDMENT TO THE ARTICLES OF	Mgmt	For	For
	ASSOCIATION TO DECLASSIFY THE
	BOARD OF DIRECTORS
3.1	APPROVAL OF THE ANNUAL REPORT	Mgmt	For	For

Investment Company Report

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			Page 5 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
3.2	APPROVAL OF THE STATUTORY	Mgmt	For	For
	FINANCIAL STATEMENTS OF ACE LIMITED
3.3	APPROVAL OF THE CONSOLIDATED	Mgmt	For	For
	FINANCIAL STATEMENTS
4.	ALLOCATION OF DISPOSABLE PROFIT	Mgmt	For	For
5.	DISCHARGE OF THE BOARD OF	Mgmt	For	For
	DIRECTORS
6.1	ELECTION OF	Mgmt	For	For
	PRICEWATERHOUSECOOPERS AG
	(ZURICH) AS OUR STATUTORY AUDITOR
	UNTIL OUR NEXT ANNUAL ORDINARY
	GENERAL MEETING
6.2	RATIFICATION OF APPOINTMENT OF	Mgmt	For	For
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM
	PRICEWATERHOUSECOOPERS LLP
	(UNITED STATES) FOR PURPOSES OF
	UNITED STATES SECURITIES LAW
	REPORTING FOR THE YEAR ENDING
	DECEMBER 31, 2013

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 6 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
6.3	ELECTION OF BDO AG (ZURICH) AS	Mgmt	For	For
	SPECIAL AUDITING FIRM UNTIL OUR
	NEXT ANNUAL ORDINARY GENERAL
	MEETING
7.	APPROVAL OF ACE LIMITED 2004 LONG-	Mgmt	For	For
	TERM INCENTIVE PLAN AS AMENDED
	THROUGH THE SIXTH AMENDMENT
8.	APPROVAL OF THE PAYMENT OF A	Mgmt	For	For
	DISTRIBUTION TO SHAREHOLDERS
	THROUGH REDUCTION OF THE PAR
	VALUE OF OUR SHARES, SUCH PAYMENT
	TO BE MADE IN FOUR QUARTERLY
	INSTALLMENTS AT SUCH TIMES DURING
	THE PERIOD THROUGH OUR NEXT
	ANNUAL GENERAL MEETING AS SHALL
	BE DETERMINED BY THE BOARD OF
	DIRECTORS
9.	ADVISORY VOTE TO APPROVE	Mgmt	For	For
	EXECUTIVE COMPENSATION

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 7 of 78

DGHM All Cap Value Fund

AGRIUM INC.
Security: 008916108	Agenda Number: 933742579
Ticker: AGU	Meeting Type: Contested Annual
ISIN: CA0089161081	Meeting Date: 09-Apr-13

Prop. #	Proposal	Proposed	Proposal Vote		For/Against
		by			Management’s
					Recommendation
01	THE RE-APPOINTMENT OF KPMG LLP AS	Mgmt	For		*
	THE AUDITORS OF AGRIUM AS NAMED IN
	AGRIUM’S MANAGEMENT PROXY
	CIRCULAR DATED FEBRUARY 25, 2013
	(THE "MANAGEMENT CIRCULAR").
02	ACCEPTANCE ON AN ADVISORY BASIS OF	Mgmt	For		*
	AGRIUM’S APPROACH TO EXECUTIVE
	COMPENSATION AS DESCRIBED IN THE
	MANAGEMENT CIRCULAR.			��
03	THE RESOLUTION TO RECONFIRM,	Mgmt	Against		*
	RATIFY AND APPROVE AGRIUM’S
	AMENDED AND RESTATED
	SHAREHOLDER RIGHTS PLAN AS
	DESCRIBED IN THE MANAGEMENT
	CIRCULAR.
4A	ELECTION OF DIRECTORS JANA	Mgmt	For		*
	RECOMMENDS A VOTE FOR THE
	FOLLOWING JANA NOMINEES: BARRY
	ROSENSTEIN
4B	MITCHELL JACOBSON	Mgmt	For		*

Investment Company Report

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			Page 8 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
4C	STEPHEN CLARK	Mgmt	For	*
4D	DAVID BULLOCK	Mgmt	For	*
4E	THE HON. LYLE VANCLIEF	Mgmt	For	*
4F	JANA RECOMMENDS A VOTE FOR THE	Mgmt	For	*
	FOLLOWING MANAGEMENT NOMINEES
	NAMED IN THE MANAGEMENT CIRCULAR:
	DAVID EVERITT
4G	RUSSELL GIRLING	Mgmt	For	*
4H	DAVID LESAR	Mgmt	For	*
4I	JOHN LOWE	Mgmt	For	*

Investment Company Report

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			Page 9 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
4J	A. ANNE MCLELLAN	Mgmt	For	*
4K	MICHAEL WILSON	Mgmt	For	*
4L	VICTOR ZALESCHUK	Mgmt	For	*

An * in the For/Against management field indicates management position unknown since information regarding non-U.S. issuers is not readily available.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 10 of 78

DGHM All Cap Value Fund

AKAMAI TECHNOLOGIES, INC.
Security: 00971T101	Agenda Number: 933770706
Ticker: AKAM	Meeting Type: Annual
ISIN: US00971T1016	Meeting Date: 15-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: PAMELA J.	Mgmt	For	For
	CRAIG
1B.	ELECTION OF DIRECTOR: F. THOMSON	Mgmt	For	For
	LEIGHTON
1C.	ELECTION OF DIRECTOR: PAUL SAGAN	Mgmt	For	For
1D.	ELECTION OF DIRECTOR: NAOMI O.	Mgmt	For	For
	SELIGMAN
2.	TO ADOPT THE AKAMAI TECHNOLOGIES,	Mgmt	For	For
	INC. 2013 STOCK INCENTIVE PLAN.
3A.	TO ADOPT AND APPROVE AMENDMENTS	Mgmt	For	For
	TO OUR CERTIFICATE OF
	INCORPORATION TO DECLASSIFY OUR
	BOARD OF DIRECTORS.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 11 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
3B.	TO ADOPT AND APPROVE AMENDMENTS	Mgmt	For	For
	TO OUR CERTIFICATE OF
	INCORPORATION TO PROVIDE FOR
	DIRECTOR REMOVAL WITH OR WITHOUT
	CAUSE FOLLOWING DECLASSIFICATION
	OF OUR BOARD OF DIRECTORS.
3C.	TO ADOPT AND APPROVE AMENDMENTS	Mgmt	For	For
	TO OUR CERTIFICATE OF
	INCORPORATION TO ELIMINATE THE
	SUPERMAJORITY VOTING REQUIREMENT
	FOR AMENDING OR REPEALING ARTICLE
	TENTH OF OUR CERTIFICATE OF
	INCORPORATION.
4.	TO APPROVE, ON AN ADVISORY BASIS,	Mgmt	For	For
	OUR EXECUTIVE OFFICER
	COMPENSATION.
5.	TO RATIFY THE SELECTION OF	Mgmt	For	For
	PRICEWATERHOUSECOOPERS LLP AS
	THE INDEPENDENT AUDITORS OF
	AKAMAI TECHNOLOGIES, INC. FOR THE
	FISCAL YEAR ENDING DECEMBER 31, 2013.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 12 of 78

DGHM All Cap Value Fund

ALEXANDRIA REAL ESTATE EQUITIES, INC.
Security: 015271109	Agenda Number: 933798196
Ticker: ARE	Meeting Type: Annual
ISIN: US0152711091	Meeting Date: 20-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1     JOEL S. MARCUS	Mgmt	For	For
	2     RICHARD B. JENNINGS	Mgmt	For	For
	3     JOHN L. ATKINS, III	Mgmt	For	For
	4     MARIA C. FREIRE	Mgmt	For	For
	5     RICHARD H. KLEIN	Mgmt	For	For
	6     JAMES H. RICHARDSON	Mgmt	For	For
	7     MARTIN A. SIMONETTI	Mgmt	For	For
2.	TO RATIFY THE APPOINTMENT OF ERNST	Mgmt	For	For
	& YOUNG LLP AS THE COMPANY’S
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTANTS FOR THE FISCAL YEAR
	ENDING DECEMBER 31, 2013.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 13 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
3.	TO CAST A NON-BINDING, ADVISORY	Mgmt	For	For
	VOTE ON A RESOLUTION TO APPROVE
	THE COMPENSATION OF THE COMPANY’S
	NAMED EXECUTIVE OFFICERS.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 14 of 78

DGHM All Cap Value Fund

ANALOG DEVICES, INC.
Security: 032654105	Agenda Number: 933730322
Ticker: ADI	Meeting Type: Annual
ISIN: US0326541051	Meeting Date: 13-Mar-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: RAY STATA	Mgmt	For	For
1B.	ELECTION OF DIRECTOR: JERALD G.	Mgmt	For	For
	FISHMAN
1C.	ELECTION OF DIRECTOR: JAMES A.	Mgmt	For	For
	CHAMPY
1D.	ELECTION OF DIRECTOR: JOHN C.	Mgmt	For	For
	HODGSON
1E.	ELECTION OF DIRECTOR: YVES-ANDRE	Mgmt	For	For
	ISTEL
1F.	ELECTION OF DIRECTOR: NEIL NOVICH	Mgmt	For	For

Investment Company Report

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			Page 15 of 78

Prop. #	Proposal	Proposed		Proposal Vote	For/Against
		by			Management’s
					Recommendation
1G.	ELECTION OF DIRECTOR: F. GRANT	Mgmt		For	For
	SAVIERS
1H.	ELECTION OF DIRECTOR: PAUL J.	Mgmt		For	For
	SEVERINO		��
1I.	ELECTION OF DIRECTOR: KENTON J.	Mgmt		For	For
	SICCHITANO
1J.	ELECTION OF DIRECTOR: LISA T. SU	Mgmt		For	For
2.	TO APPROVE, BY NON-BINDING "SAY-ON-	Mgmt		For	For
	PAY" VOTE, THE COMPENSATION OF OUR
	NAMED EXECUTIVE OFFICERS, ALL AS
	MORE FULLY DESCRIBED IN THE PROXY
	STATEMENT.
3.	TO APPROVE THE ANALOG DEVICES, INC.	Mgmt		For	For
	EXECUTIVE SECTION 162(M) PLAN.
4.	TO RATIFY THE SELECTION OF ERNST &	Mgmt		For	For
	YOUNG LLP AS OUR INDEPENDENT
	REGISTERED PUBLIC ACCOUNTING FIRM
	FOR THE FISCAL YEAR ENDING
	NOVEMBER 2, 2013.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 16 of 78

DGHM All Cap Value Fund

AT&T INC.
Security: 00206R102	Agenda Number: 933744016
Ticker: T	Meeting Type: Annual
ISIN: US00206R1023	Meeting Date: 26-Apr-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: RANDALL L.	Mgmt	For	For
	STEPHENSON
1B.	ELECTION OF DIRECTOR: GILBERT F.	Mgmt	For	For
	AMELIO
1C.	ELECTION OF DIRECTOR: REUBEN V.	Mgmt	For	For
	ANDERSON
1D.	ELECTION OF DIRECTOR: JAMES H.	Mgmt	For	For
	BLANCHARD
1E.	ELECTION OF DIRECTOR: JAIME CHICO	Mgmt	For	For
	PARDO
1F.	ELECTION OF DIRECTOR: SCOTT T. FORD	Mgmt	For	For

Investment Company Report

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			Page 17 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1G.	ELECTION OF DIRECTOR: JAMES P.	Mgmt	For	For
	KELLY
1H.	ELECTION OF DIRECTOR: JON C.	Mgmt	For	For
	MADONNA
1I.	ELECTION OF DIRECTOR: MICHAEL B.	Mgmt	For	For
	MCCALLISTER
1J.	ELECTION OF DIRECTOR: JOHN B.	Mgmt	For	For
	MCCOY
1K.	ELECTION OF DIRECTOR: JOYCE M.	Mgmt	For	For
	ROCHE
1L.	ELECTION OF DIRECTOR: MATTHEW K.	Mgmt	For	For
	ROSE
1M.	ELECTION OF DIRECTOR: LAURA	Mgmt	For	For
	D’ANDREA TYSON

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 18 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
2.	RATIFICATION OF APPOINTMENT OF	Mgmt	For	For
	INDEPENDENT AUDITORS.
3.	ADVISORY APPROVAL OF EXECUTIVE	Mgmt	For	For
	COMPENSATION.
4.	APPROVE STOCK PURCHASE AND	Mgmt	For	For
	DEFERRAL PLAN.
5.	POLITICAL CONTRIBUTIONS REPORT.	Shr	Against	For
6.	LEAD BATTERIES REPORT.	Shr	Against	For
7.	COMPENSATION PACKAGES.	Shr	Against	For
8.	INDEPENDENT BOARD CHAIRMAN.	Shr	For	Against

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 19 of 78

DGHM All Cap Value Fund

BAXTER INTERNATIONAL INC.
Security: 071813109	Agenda Number: 933754916
Ticker: BAX	Meeting Type: Annual
ISIN: US0718131099	Meeting Date: 07-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: THOMAS F.	Mgmt	For	For
	CHEN
1B.	ELECTION OF DIRECTOR: BLAKE E.	Mgmt	For	For
	DEVITT
1C.	ELECTION OF DIRECTOR: JOHN D.	Mgmt	For	For
	FORSYTH
1D.	ELECTION OF DIRECTOR: GAIL D.	Mgmt	For	For
	FOSLER
1E.	ELECTION OF DIRECTOR: CAROLE J.	Mgmt	For	For
	SHAPAZIAN
2.	RATIFICATION OF INDEPENDENT	Mgmt	For	For
	REGISTERED PUBLIC ACCOUNTING FIRM

Investment Company Report

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			Page 20 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
3.	APPROVAL OF NAMED EXECUTIVE	Mgmt	For	For
	OFFICER COMPENSATION
4.	AMENDMENT OF ARTICLE SIXTH OF THE	Mgmt	For	For
	AMENDED AND RESTATED CERTIFICATE
	OF INCORPORATION ELIMINATING THE
	CLASSIFIED STRUCTURE OF THE BOARD
	OF DIRECTORS
5.	AMENDMENT OF THE AMENDED AND	Mgmt	For	For
	RESTATED CERTIFICATE OF
	INCORPORATION GRANTING HOLDERS
	OF AT LEAST 25% OF OUTSTANDING
	COMMON STOCK THE RIGHT TO CALL A
	SPECIAL MEETING OF SHAREHOLDERS

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 21 of 78

DGHM All Cap Value Fund

BECTON, DICKINSON AND COMPANY
Security: 075887109	Agenda Number: 933718756
Ticker: BDX	Meeting Type: Annual
ISIN: US0758871091	Meeting Date: 29-Jan-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: BASIL L.	Mgmt	For	For
	ANDERSON
1B.	ELECTION OF DIRECTOR: HENRY P.	Mgmt	For	For
	BECTON, JR.
1C.	ELECTION OF DIRECTOR: CATHERINE M.	Mgmt	For	For
	BURZIK
1D.	ELECTION OF DIRECTOR: EDWARD F.	Mgmt	For	For
	DEGRAAN
1E.	ELECTION OF DIRECTOR: VINCENT A.	Mgmt	For	For
	FORLENZA
1F.	ELECTION OF DIRECTOR: CLAIRE M.	Mgmt	For	For
	FRASER

Investment Company Report

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			Page 22 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1G.	ELECTION OF DIRECTOR: CHRISTOPHER	Mgmt	For	For
	JONES
1H.	ELECTION OF DIRECTOR: MARSHALL O.	Mgmt	For	For
	LARSEN
1I.	ELECTION OF DIRECTOR: ADEL A.F.	Mgmt	For	For
	MAHMOUD
1J.	ELECTION OF DIRECTOR: GARY A.	Mgmt	For	For
	MECKLENBURG
1K.	ELECTION OF DIRECTOR: JAMES F. ORR	Mgmt	For	For
1L.	ELECTION OF DIRECTOR: WILLARD J.	Mgmt	For	For
	OVERLOCK, JR.
1M.	ELECTION OF DIRECTOR: REBECCA W.	Mgmt	For	For
	RIMEL

Investment Company Report

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			Page 23 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1N.	ELECTION OF DIRECTOR: BERTRAM L.	Mgmt	For	For
	SCOTT
1O.	ELECTION OF DIRECTOR: ALFRED	Mgmt	For	For
	SOMMER
2.	RATIFICATION OF SELECTION OF	Mgmt	For	For
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM.
3.	ADVISORY VOTE TO APPROVE NAMED	Mgmt	For	For
	EXECUTIVE OFFICER COMPENSATION.
4.	AMENDMENT TO THE COMPANY’S	Mgmt	For	For
	RESTATED CERTIFICATE OF
	INCORPORATION.
5.	AMENDMENTS TO THE 2004 EMPLOYEE	Mgmt	For	For
	AND DIRECTOR EQUITY-BASED
	COMPENSATION PLAN.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 24 of 78

DGHM All Cap Value Fund

CHICO’S FAS, INC.
Security: 168615102	Agenda Number: 933824155
Ticker: CHS	Meeting Type: Annual
ISIN: US1686151028	Meeting Date: 27-Jun-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.1	ELECTION OF DIRECTOR: VERNA K.	Mgmt	For	For
	GIBSON
1.2	ELECTION OF DIRECTOR: DAVID F. DYER	Mgmt	For	For
1.3	ELECTION OF DIRECTOR: JANICE L.	Mgmt	For	For
	FIELDS
2.	PROPOSAL TO RATIFY THE	Mgmt	For	For
	APPOINTMENT OF ERNST & YOUNG, LLP
	AS INDEPENDENT CERTIFIED PUBLIC
	ACCOUNTANTS
3.	ADVISORY RESOLUTION TO APPROVE	Mgmt	For	For
	EXECUTIVE COMPENSATION

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 25 of 78

DGHM All Cap Value Fund

CIT GROUP INC.
Security: 125581801	Agenda Number: 933766670
Ticker: CIT	Meeting Type: Annual
ISIN: US1255818015	Meeting Date: 14-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: JOHN A. THAIN	Mgmt	For	For
1B.	ELECTION OF DIRECTOR: MICHAEL J.	Mgmt	For	For
	EMBLER
1C.	ELECTION OF DIRECTOR: WILLIAM M.	Mgmt	For	For
	FREEMAN
1D.	ELECTION OF DIRECTOR: DAVID M.	Mgmt	For	For
	MOFFETT
1E.	ELECTION OF DIRECTOR: R. BRAD OATES	Mgmt	For	For
1F.	ELECTION OF DIRECTOR: MARIANNE	Mgmt	For	For
	MILLER PARRS

Investment Company Report

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			Page 26 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1G.	ELECTION OF DIRECTOR: GERALD	Mgmt	For	For
	ROSENFELD
1H.	ELECTION OF DIRECTOR: JOHN R. RYAN	Mgmt	For	For
1I.	ELECTION OF DIRECTOR: SEYMOUR	Mgmt	For	For
	STERNBERG
1J.	ELECTION OF DIRECTOR: PETER J. TOBIN	Mgmt	For	For
1K.	ELECTION OF DIRECTOR: LAURA S.	Mgmt	For	For
	UNGER
2.	TO RATIFY THE APPOINTMENT OF	Mgmt	For	For
	PRICEWATERHOUSECOOPERS LLP AS
	CIT’S INDEPENDENT REGISTERED
	PUBLIC ACCOUNTING FIRM AND
	EXTERNAL AUDITORS FOR 2013.
3.	ADVISORY VOTE TO APPROVE NAMED	Mgmt	For	For
	EXECUTIVE OFFICER COMPENSATION.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 27 of 78

DGHM All Cap Value Fund

COVANCE INC.
Security: 222816100	Agenda Number: 933755033
Ticker: CVD	Meeting Type: Annual
ISIN: US2228161004	Meeting Date: 07-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1     JOSEPH L. HERRING	Mgmt	For	For
	2     JOHN MCCARTNEY	Mgmt	For	For
	3     B.T. SHEARES, PH.D.	Mgmt	For	For
2.	ADVISORY APPROVAL OF THE	Mgmt	For	For
	COMPANY’S EXECUTIVE COMPENSATION.
3.	APPROVAL OF THE 2013 EMPLOYEE	Mgmt	For	For
	EQUITY PARTICIPATION PLAN.
4.	RATIFICATION OF APPOINTMENT OF	Mgmt	For	For
	ERNST & YOUNG LLP FOR THE FISCAL
	YEAR 2013.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 28 of 78

DGHM All Cap Value Fund

DIRECTV
Security: 25490A309	Agenda Number: 933751910
Ticker: DTV	Meeting Type: Annual
ISIN: US25490A3095	Meeting Date: 02-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: NEIL AUSTRIAN	Mgmt	For	For
1B.	ELECTION OF DIRECTOR: RALPH BOYD,	Mgmt	For	For
	JR.
1C.	ELECTION OF DIRECTOR: ABELARDO	Mgmt	For	For
	BRU
1D.	ELECTION OF DIRECTOR: DAVID DILLON	Mgmt	For	For
1E.	ELECTION OF DIRECTOR: SAMUEL	Mgmt	For	For
	DIPIAZZA, JR.
1F.	ELECTION OF DIRECTOR: DIXON DOLL	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 29 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1G.	ELECTION OF DIRECTOR: CHARLES LEE	Mgmt	For	For
1H.	ELECTION OF DIRECTOR: PETER LUND	Mgmt	For	For
1I.	ELECTION OF DIRECTOR: NANCY	Mgmt	For	For
	NEWCOMB
1J.	ELECTION OF DIRECTOR: LORRIE	Mgmt	For	For
	NORRINGTON
1K.	ELECTION OF DIRECTOR: MICHAEL	Mgmt	For	For
	WHITE
2.	TO RATIFY THE APPOINTMENT OF	Mgmt	For	For
	DELOITTE & TOUCHE LLP AS
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM FOR DIRECTV FOR
	THE FISCAL YEAR ENDING DECEMBER
	31, 2013.
3.	AN ADVISORY VOTE TO APPROVE	Mgmt	For	For
	COMPENSATION OF OUR NAMED
	EXECUTIVES.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 30 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
4.	SHAREHOLDER PROPOSAL TO PROHIBIT	Shr	Against	For
	ACCELERATED VESTING OF EQUITY
	AWARDS UPON A CHANGE IN CONTROL.
5.	SHAREHOLDER PROPOSAL TO REQUIRE	Shr	Against	For
	THAT AN INDEPENDENT BOARD MEMBER
	BE THE CHAIRMAN OF THE COMPANY.
6.	SHAREHOLDER PROPOSAL TO GRANT A	Shr	Against	For
	RIGHT TO SHAREHOLDERS TO ACT BY
	WRITTEN CONSENT.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 31 of 78

DGHM All Cap Value Fund

DOVER CORPORATION
Security: 260003108	Agenda Number: 933749131
Ticker: DOV	Meeting Type: Annual
ISIN: US2600031080	Meeting Date: 02-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: D.H. BENSON	Mgmt	For	For
1B.	ELECTION OF DIRECTOR: R.W. CREMIN	Mgmt	For	For
1C.	ELECTION OF DIRECTOR: J-P.M. ERGAS	Mgmt	For	For
1D.	ELECTION OF DIRECTOR: P.T. FRANCIS	Mgmt	For	For
1E.	ELECTION OF DIRECTOR: K.C. GRAHAM	Mgmt	For	For
1F.	ELECTION OF DIRECTOR: M.F. JOHNSTON	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 32 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1G.	ELECTION OF DIRECTOR: R.A.	Mgmt	For	For
	LIVINGSTON
1H.	ELECTION OF DIRECTOR: R.K.	Mgmt	For	For
	LOCHRIDGE
1I.	ELECTION OF DIRECTOR: B.G. RETHORE	Mgmt	For	For
1J.	ELECTION OF DIRECTOR: M.B. STUBBS	Mgmt	For	For
1K.	ELECTION OF DIRECTOR: S.M. TODD	Mgmt	For	For
1L.	ELECTION OF DIRECTOR: S.K. WAGNER	Mgmt	For	For
1M.	ELECTION OF DIRECTOR: M.A. WINSTON	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 33 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
2.	TO RATIFY THE APPOINTMENT OF	Mgmt	For	For
	PRICEWATERHOUSECOOPERS LLP AS
	OUR INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM FOR 2013.
3.	TO APPROVE, ON AN ADVISORY BASIS,	Mgmt	Against	Against
	NAMED EXECUTIVE OFFICER
	COMPENSATION.
4.	TO CONSIDER A SHAREHOLDER	Shr	For	Against
	PROPOSAL REGARDING THE ADOPTION
	OF A SIMPLE MAJORITY VOTING
	STANDARD FOR SHAREHOLDER
	MATTERS, IF PROPERLY PRESENTED AT
	THE MEETING.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 34 of 78

DGHM All Cap Value Fund

DTE ENERGY COMPANY
Security: 233331107	Agenda Number: 933747303
Ticker: DTE	Meeting Type: Annual
ISIN: US2333311072	Meeting Date: 02-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1     GERARD M. ANDERSON	Mgmt	For	For
	2     DAVID A. BRANDON	Mgmt	For	For
	3     CHARLES G. MCCLURE, JR.	Mgmt	For	For
	4     GAIL J. MCGOVERN	Mgmt	For	For
	5     JAMES B. NICHOLSON	Mgmt	For	For
	6     CHARLES W. PRYOR, JR.	Mgmt	For	For
	7     RUTH G. SHAW	Mgmt	For	For
2.	RATIFICATION OF INDEPENDENT	Mgmt	For	For
	REGISTERED PUBLIC ACCOUNTING FIRM
	PRICEWATERHOUSECOOPERS LLP

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 35 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
3.	ADVISORY VOTE TO APPROVE	Mgmt	For	For
	EXECUTIVE COMPENSATION
4.	SHAREHOLDER PROPOSAL REGARDING	Shr	Against	For
	POLITICAL CONTRIBUTIONS

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 36 of 78

DGHM All Cap Value Fund

INTERNATIONAL BUSINESS MACHINES CORP.
Security: 459200101	Agenda Number: 933744004
Ticker: IBM	Meeting Type: Annual
ISIN: US4592001014	Meeting Date: 30-Apr-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: A.J.P. BELDA	Mgmt	For	For
1B.	ELECTION OF DIRECTOR: W.R. BRODY	Mgmt	For	For
1C.	ELECTION OF DIRECTOR: K.I. CHENAULT	Mgmt	For	For
1D.	ELECTION OF DIRECTOR: M.L. ESKEW	Mgmt	For	For
1E.	ELECTION OF DIRECTOR: D.N. FARR	Mgmt	For	For
1F.	ELECTION OF DIRECTOR: S.A. JACKSON	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 37 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1G.	ELECTION OF DIRECTOR: A.N. LIVERIS	Mgmt	For	For
1H.	ELECTION OF DIRECTOR: W.J.	Mgmt	For	For
	MCNERNEY, JR.
1I.	ELECTION OF DIRECTOR: J.W. OWENS	Mgmt	For	For
1J.	ELECTION OF DIRECTOR: V.M. ROMETTY	Mgmt	For	For
1K.	ELECTION OF DIRECTOR: J.E. SPERO	Mgmt	For	For
1L.	ELECTION OF DIRECTOR: S. TAUREL	Mgmt	For	For
1M.	ELECTION OF DIRECTOR: L.H.	Mgmt	For	For
	ZAMBRANO

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 38 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
2.	RATIFICATION OF APPOINTMENT OF	Mgmt	For	For
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM (PAGE 71)
3.	ADVISORY VOTE ON EXECUTIVE	Mgmt	For	For
	COMPENSATION (PAGE 72)
4.	STOCKHOLDER PROPOSAL FOR	Shr	Against	For
	DISCLOSURE OF LOBBYING POLICIES
	AND PRACTICES (PAGE 73)
5.	STOCKHOLDER PROPOSAL ON THE	Shr	For	Against
	RIGHT TO ACT BY WRITTEN CONSENT
	(PAGE 74)
6.	STOCKHOLDER PROPOSAL ON	Shr	For	Against
	INDEPENDENT BOARD CHAIR (PAGE 75)
7.	STOCKHOLDER PROPOSAL FOR	Shr	Against	For
	EXECUTIVES TO RETAIN SIGNIFICANT
	STOCK (PAGE 76)

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 39 of 78

DGHM All Cap Value Fund

INVESCO LTD
Security: G491BT108	Agenda Number: 933765236
Ticker: IVZ	Meeting Type: Annual
ISIN: BMG491BT1088	Meeting Date: 16-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A	ELECTION OF DIRECTOR: JOSEPH R.	Mgmt	For	For
	CANION
1B	ELECTION OF DIRECTOR: EDWARD P.	Mgmt	For	For
	LAWRENCE
1C	ELECTION OF DIRECTOR: PHOEBE A.	Mgmt	For	For
	WOOD
2	ADVISORY VOTE TO APPROVE 2012	Mgmt	For	For
	EXECUTIVE COMPENSATION
3	APPROVAL OF THE INVESCO LTD.	Mgmt	For	For
	AMENDED AND RESTATED EXECUTIVE
	INCENTIVE BONUS PLAN
4	APPOINTMENT OF	Mgmt	For	For
	PRICEWATERHOUSECOOPERS LLP AS
	THE COMPANY’S INDEPENDENT
	REGISTERED PUBLIC ACCOUNTING FIRM

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 40 of 78

DGHM All Cap Value Fund

JPMORGAN CHASE & CO.
Security: 46625H100	Agenda Number: 933779728
Ticker: JPM	Meeting Type: Annual
ISIN: US46625H1005	Meeting Date: 21-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: JAMES A. BELL	Mgmt	For	For
1B.	ELECTION OF DIRECTOR: CRANDALL C.	Mgmt	For	For
	BOWLES
1C.	ELECTION OF DIRECTOR: STEPHEN B.	Mgmt	For	For
	BURKE
1D.	ELECTION OF DIRECTOR: DAVID M. COTE	Mgmt	For	For
1E.	ELECTION OF DIRECTOR: JAMES S.	Mgmt	For	For
	CROWN
1F.	ELECTION OF DIRECTOR: JAMES DIMON	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 41 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1G.	ELECTION OF DIRECTOR: TIMOTHY P.	Mgmt	For	For
	FLYNN
1H.	ELECTION OF DIRECTOR: ELLEN V.	Mgmt	For	For
	FUTTER
1I.	ELECTION OF DIRECTOR: LABAN P.	Mgmt	For	For
	JACKSON, JR.
1J.	ELECTION OF DIRECTOR: LEE R.	Mgmt	For	For
	RAYMOND
1K.	ELECTION OF DIRECTOR: WILLIAM C.	Mgmt	For	For
	WELDON
2.	RATIFICATION OF INDEPENDENT	Mgmt	For	For
	REGISTERED PUBLIC ACCOUNTING FIRM
3.	ADVISORY RESOLUTION TO APPROVE	Mgmt	For	For
	EXECUTIVE COMPENSATION

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 42 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
4.	AMENDMENT TO THE FIRM’S RESTATED	Mgmt	For	For
	CERTIFICATE OF INCORPORATION TO
	AUTHORIZE SHAREHOLDER ACTION BY
	WRITTEN CONSENT
5.	REAPPROVAL OF KEY EXECUTIVE	Mgmt	For	For
	PERFORMANCE PLAN
6.	REQUIRE SEPARATION OF CHAIRMAN	Shr	For	Against
	AND CEO
7.	REQUIRE EXECUTIVES TO RETAIN	Shr	Against	For
	SIGNIFICANT STOCK UNTIL REACHING
	NORMAL RETIREMENT AGE
8.	ADOPT PROCEDURES TO AVOID	Shr	Against	For
	HOLDING OR RECOMMENDING
	INVESTMENTS THAT CONTRIBUTE TO
	HUMAN RIGHTS VIOLATIONS
9.	DISCLOSE FIRM PAYMENTS USED	Shr	Against	For
	DIRECTLY OR INDIRECTLY FOR
	LOBBYING, INCLUDING SPECIFIC
	AMOUNTS AND RECIPIENTS’ NAMES

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 43 of 78

DGHM All Cap Value Fund

KAPSTONE PAPER & PACKAGING CORPORATION
Security: 48562P103	Agenda Number: 933764789
Ticker: KS	Meeting Type: Annual
ISIN: US48562P1030	Meeting Date: 16-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
01	DIRECTOR
	1     BRIAN R. GAMACHE	Mgmt	For	For
	2     S. JAY STEWART	Mgmt	For	For
	3     DAVID P. STORCH	Mgmt	For	For
02	RATIFICATION OF THE APPOINTMENT OF	Mgmt	For	For
	ERNST & YOUNG LLP AS THE COMPANY’S
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM FOR 2013.
03	ADVISORY APPROVAL OF THE	Mgmt	For	For
	COMPANY’S EXECUTIVE COMPENSATION.
04	APPROVAL OF THE COMPANY’S	Mgmt	For	For
	AMENDED AND RESTATED 2008
	PERFORMANCE INCENTIVE PLAN.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 44 of 78

DGHM All Cap Value Fund

KEYCORP
Security: 493267108	Agenda Number: 933772801
Ticker: KEY	Meeting Type: Annual
ISIN: US4932671088	Meeting Date: 16-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1	DIRECTOR
	1     EDWARD P. CAMPBELL	Mgmt	For	For
	2     JOSEPH A. CARRABBA	Mgmt	For	For
	3     CHARLES P. COOLEY	Mgmt	For	For
	4     ALEXANDER M. CUTLER	Mgmt	For	For
	5     H. JAMES DALLAS	Mgmt	For	For
	6     ELIZABETH R. GILE	Mgmt	For	For
	7     RUTH ANN M. GILLIS	Mgmt	For	For
	8     WILLIAM G. GISEL, JR.	Mgmt	For	For
	9     RICHARD J. HIPPLE	Mgmt	For	For
	10   KRISTEN L. MANOS	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 45 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
	11   BETH E. MOONEY	Mgmt	For	For
	12   BARBARA R. SNYDER	Mgmt	For	For
2	RATIFICATION OF THE APPOINTMENT OF	Mgmt	For	For
	INDEPENDENT AUDITOR ERNST & YOUNG
	LLP.
3	ADVISORY APPROVAL OF EXECUTIVE	Mgmt	For	For
	COMPENSATION.
4	APPROVAL OF KEYCORP 2013 EQUITY	Mgmt	For	For
	COMPENSATION PLAN.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 46 of 78

DGHM All Cap Value Fund

LINCOLN NATIONAL CORPORATION
Security: 534187109	Agenda Number: 933781608
Ticker: LNC	Meeting Type: Annual
ISIN: US5341871094	Meeting Date: 23-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: WILLIAM J.	Mgmt	For	For
	AVERY
1B.	ELECTION OF DIRECTOR: WILLIAM H.	Mgmt	For	For
	CUNNINGHAM
1C.	ELECTION OF DIRECTOR: WILLIAM	Mgmt	For	For
	PORTER PAYNE
1D.	ELECTION OF DIRECTOR: PATRICK S.	Mgmt	For	For
	PITTARD
2.	RATIFICATION OF ERNST & YOUNG LLP	Mgmt	For	For
	AS THE COMPANY’S INDEPENDENT
	REGISTERED PUBLIC ACCOUNTING FIRM
	FOR 2013.
3.	TO APPROVE AN ADVISORY RESOLUTION	Mgmt	For	For
	ON THE COMPANY’S EXECUTIVE
	COMPENSATION AS DISCLOSED IN THE
	PROXY STATEMENT.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 47 of 78

DGHM All Cap Value Fund

MANPOWERGROUP INC.
Security: 56418H100	Agenda Number: 933753457
Ticker: MAN	Meeting Type: Annual
ISIN: US56418H1005	Meeting Date: 30-Apr-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.1	ELECTION OF DIRECTOR: GINA R.	Mgmt	For	For
	BOSWELL
1.2	ELECTION OF DIRECTOR: WILLIAM	Mgmt	For	For
	DOWNE
1.3	ELECTION OF DIRECTOR: JACK M.	Mgmt	For	For
	GREENBERG
1.4	ELECTION OF DIRECTOR: PATRICIA A.	Mgmt	For	For
	HEMINGWAY-HALL
1.5	ELECTION OF DIRECTOR: TERRY A.	Mgmt	For	For
	HUENEKE
2.	RATIFICATION OF DELOITTE & TOUCHE	Mgmt	For	For
	LLP AS INDEPENDENT AUDITORS FOR
	2013.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 48 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
3.	ADVISORY VOTE TO APPROVE THE	Mgmt	For	For
	COMPENSATION OF OUR NAMED
	EXECUTIVE OFFICERS.
4.	APPROVAL OF A PROPOSED AMENDMENT	Mgmt	For	For
	TO THE ARTICLES OF INCORPORATION
	OF MANPOWERGROUP INC. TO
	DECLASSIFY THE BOARD OF DIRECTORS.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 49 of 78

DGHM All Cap Value Fund

PAREXEL INTERNATIONAL CORPORATION
Security: 699462107	Agenda Number: 933700521
Ticker: PRXL	Meeting Type: Annual
ISIN: US6994621075	Meeting Date: 06-Dec-12

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1     EDUARD E. HOLDENER	Mgmt	For	For
	2     RICHARD L. LOVE	Mgmt	For	For
2.	APPROVE, IN AN ADVISORY VOTE, THE	Mgmt	For	For
	COMPENSATION OF OUR NAMED
	EXECUTIVE OFFICERS AS PRESENTED IN
	THE PROXY STATEMENT.
3.	APPROVE AN AMENDMENT TO OUR 2010	Mgmt	For	For
	STOCK INCENTIVE PLAN TO INCREASE
	THE MAXIMUM NUMBER OF SHARES
	AVAILABLE FOR ISSUANCE UNDER THE
	PLAN BY 3,000,000 SHARES.
4.	APPROVE AN AMENDMENT TO OUR	Mgmt	For	For
	RESTATED ARTICLES OF ORGANIZATION,
	AS AMENDED, TO INCREASE THE
	NUMBER OF AUTHORIZED SHARES OF
	COMMON STOCK, $.01 PAR VALUE PER
	SHARE, FROM 75,000,000 TO 150,000,000.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 50 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
5.	TO RATIFY THE SELECTION OF ERNST &	Mgmt	For	For
	YOUNG LLP AS THE COMPANY’S
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM FOR THE FISCAL
	YEAR ENDING JUNE 30, 2013.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 51 of 78

DGHM All Cap Value Fund

PATTERSON-UTI ENERGY, INC.
Security: 703481101	Agenda Number: 933795847
Ticker: PTEN	Meeting Type: Annual
ISIN: US7034811015	Meeting Date: 05-Jun-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1     MARK S. SIEGEL	Mgmt	For	For
	2     KENNETH N. BERNS	Mgmt	For	For
	3     CHARLES O. BUCKNER	Mgmt	For	For
	4     MICHAEL W. CONLON	Mgmt	For	For
	5     CURTIS W. HUFF	Mgmt	For	For
	6     TERRY H. HUNT	Mgmt	For	For
	7     CLOYCE A. TALBOTT	Mgmt	For	For
2.	APPROVAL OF AN ADVISORY	Mgmt	For	For
	RESOLUTION ON PATTERSON-UTI’S
	COMPENSATION OF ITS NAMED
	EXECUTIVE OFFICERS.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 52 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
3.	RATIFICATION OF THE SELECTION OF	Mgmt	For	For
	PRICEWATERHOUSECOOPERS LLP AS
	THE INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM OF PATTERSON-UTI
	FOR THE FISCAL YEAR ENDING
	DECEMBER 31, 2013.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 53 of 78

DGHM All Cap Value Fund

PIONEER NATURAL RESOURCES COMPANY
Security: 723787107	Agenda Number: 933777142
Ticker: PXD	Meeting Type: Annual
ISIN: US7237871071	Meeting Date: 23-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.1	ELECTION OF DIRECTOR: TIMOTHY L.	Mgmt	For	For
	DOVE
1.2	ELECTION OF DIRECTOR: CHARLES E.	Mgmt	For	For
	RAMSEY, JR.
1.3	ELECTION OF DIRECTOR: FRANK A.	Mgmt	For	For
	RISCH
2	RATIFICATION OF SELECTION OF	Mgmt	For	For
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM
3	ADVISORY VOTE TO APPROVE	Mgmt	For	For
	EXECUTIVE OFFICER COMPENSATION
4	STOCKHOLDER PROPOSAL RELATING TO	Shr	Against	For
	HYDRAULIC FRACTURING DISCLOSURE

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 54 of 78

DGHM All Cap Value Fund

PUBLIC SERVICE ENTERPRISE GROUP INC.
Security: 744573106	Agenda Number: 933740195
Ticker: PEG	Meeting Type: Annual
ISIN: US7445731067	Meeting Date: 16-Apr-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: ALBERT R.	Mgmt	For	For
	GAMPER, JR.
1B.	ELECTION OF DIRECTOR: WILLIAM V.	Mgmt	For	For
	HICKEY
1C.	ELECTION OF DIRECTOR: RALPH IZZO	Mgmt	For	For
1D.	ELECTION OF DIRECTOR: SHIRLEY ANN	Mgmt	For	For
	JACKSON
1E.	ELECTION OF DIRECTOR: DAVID LILLEY	Mgmt	For	For
1F.	ELECTION OF DIRECTOR: THOMAS A.	Mgmt	For	For
	RENYI

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 55 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1G.	ELECTION OF DIRECTOR: HAK CHEOL	Mgmt	For	For
	SHIN
1H.	ELECTION OF DIRECTOR: RICHARD J.	Mgmt	For	For
	SWIFT
1I.	ELECTION OF DIRECTOR: SUSAN	Mgmt	For	For
	TOMASKY
1J.	ELECTION OF DIRECTOR: ALFRED W.	Mgmt	For	For
	ZOLLAR
2.	ADVISORY VOTE ON THE APPROVAL OF	Mgmt	For	For
	EXECUTIVE COMPENSATION.
3.	APPROVAL OF AMENDMENT AND	Mgmt	For	For
	RESTATEMENT OF 2004 LONG-TERM
	INCENTIVE PLAN.
4.	APPROVAL OF AMENDMENT AND	Mgmt	For	For
	RESTATEMENT OF EMPLOYEE STOCK
	PURCHASE PLAN.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 56 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
5.	RATIFICATION OF THE APPOINTMENT OF	Mgmt	For	For
	DELOITTE & TOUCHE LLP AS
	INDEPENDENT AUDITOR FOR THE YEAR
	2013.
6.	STOCKHOLDER PROPOSAL ON SIMPLE	Shr	For	Against
	MAJORITY VOTE REQUIREMENT.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 57 of 78

DGHM All Cap Value Fund

REGIONS FINANCIAL CORPORATION
Security: 7591EP100	Agenda Number: 933767076
Ticker: RF	Meeting Type: Annual
ISIN: US7591EP1005	Meeting Date: 16-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: GEORGE W.	Mgmt	For	For
	BRYAN
1B.	ELECTION OF DIRECTOR: CAROLYN H.	Mgmt	For	For
	BYRD
1C.	ELECTION OF DIRECTOR: DAVID J.	Mgmt	For	For
	COOPER, SR.
1D.	ELECTION OF DIRECTOR: DON	Mgmt	For	For
	DEFOSSET
1E.	ELECTION OF DIRECTOR: ERIC C. FAST	Mgmt	For	For
1F.	ELECTION OF DIRECTOR: O.B. GRAYSON	Mgmt	For	For
	HALL, JR.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 58 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1G.	ELECTION OF DIRECTOR: JOHN D. JOHNS	Mgmt	For	For
1H.	ELECTION OF DIRECTOR: CHARLES D.	Mgmt	For	For
	MCCRARY
1I.	ELECTION OF DIRECTOR: JAMES R.	Mgmt	For	For
	MALONE
1J.	ELECTION OF DIRECTOR: RUTH ANN	Mgmt	For	For
	MARSHALL
1K.	ELECTION OF DIRECTOR: SUSAN W.	Mgmt	For	For
	MATLOCK
1L.	ELECTION OF DIRECTOR: JOHN E.	Mgmt	For	For
	MAUPIN, JR.
1M.	ELECTION OF DIRECTOR: JOHN R.	Mgmt	For	For
	ROBERTS

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 59 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1N.	ELECTION OF DIRECTOR: LEE J.	Mgmt	For	For
	STYSLINGER III
2.	NONBINDING STOCKHOLDER APPROVAL	Mgmt	For	For
	OF EXECUTIVE COMPENSATION.
3.	APPROVAL OF THE REGIONS FINANCIAL	Mgmt	For	For
	CORPORATION EXECUTIVE INCENTIVE
	PLAN.
4.	RATIFICATION OF SELECTION OF	Mgmt	For	For
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM.
5.	STOCKHOLDER PROPOSAL REGARDING	Shr	Against	For
	POSTING A REPORT, UPDATED SEMI-
	ANNUALLY, OF POLITICAL
	CONTRIBUTIONS.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 60 of 78

DGHM All Cap Value Fund

SOUTHWESTERN ENERGY COMPANY
Security: 845467109	Agenda Number: 933783082
Ticker: SWN	Meeting Type: Annual
ISIN: US8454671095	Meeting Date: 21-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.1	ELECTION OF DIRECTOR: JOHN D. GASS	Mgmt	For	For
1.2	ELECTION OF DIRECTOR: CATHERINE A.	Mgmt	For	For
	KEHR
1.3	ELECTION OF DIRECTOR: GREG D.	Mgmt	For	For
	KERLEY
1.4	ELECTION OF DIRECTOR: HAROLD M.	Mgmt	For	For
	KORELL
1.5	ELECTION OF DIRECTOR: VELLO A.	Mgmt	For	For
	KUUSKRAA
1.6	ELECTION OF DIRECTOR: KENNETH R.	Mgmt	For	For
	MOURTON

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 61 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.7	ELECTION OF DIRECTOR: STEVEN L.	Mgmt	For	For
	MUELLER
1.8	ELECTION OF DIRECTOR: ELLIOTT PEW	Mgmt	For	For
1.9	ELECTION OF DIRECTOR: ALAN H.	Mgmt	For	For
	STEVENS
2.	PROPOSAL TO RATIFY INDEPENDENT	Mgmt	For	For
	REGISTERED PUBLIC ACCOUNTING FIRM
	FOR 2013.
3.	ADVISORY VOTE TO APPROVE OUR	Mgmt	For	For
	EXECUTIVE COMPENSATION.
4.	PROPOSAL TO APPROVE OUR 2013	Mgmt	For	For
	INCENTIVE PLAN.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 62 of 78

DGHM All Cap Value Fund

STATE STREET CORPORATION
Security: 857477103	Agenda Number: 933768662
Ticker: STT	Meeting Type: Annual
ISIN: US8574771031	Meeting Date: 15-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A	ELECTION OF DIRECTOR: K. BURNES	Mgmt	For	For
1B	ELECTION OF DIRECTOR: P. COYM	Mgmt	For	For
1C	ELECTION OF DIRECTOR: P. DE SAINT-	Mgmt	For	For
	AIGNAN
1D	ELECTION OF DIRECTOR: A. FAWCETT	Mgmt	For	For
1E	ELECTION OF DIRECTOR: L. HILL	Mgmt	For	For
1F	ELECTION OF DIRECTOR: J. HOOLEY	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 63 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1G	ELECTION OF DIRECTOR: R. KAPLAN	Mgmt	For	For
1H	ELECTION OF DIRECTOR: R. SERGEL	Mgmt	For	For
1I	ELECTION OF DIRECTOR: R. SKATES	Mgmt	For	For
IJ	ELECTION OF DIRECTOR: G. SUMME	Mgmt	For	For
IK	ELECTION OF DIRECTOR: T. WILSON	Mgmt	For	For
2	TO APPROVE AN ADVISORY PROPOSAL	Mgmt	For	For
	ON EXECUTIVE COMPENSATION.
3	TO RATIFY THE SELECTION OF ERNST &	Mgmt	For	For
	YOUNG LLP AS STATE STREET’S
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM FOR THE YEAR
	ENDING DECEMBER 31, 2013.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 64 of 78

DGHM All Cap Value Fund

STRYKER CORPORATION
Security: 863667101	Agenda Number: 933750728
Ticker: SYK	Meeting Type: Annual
ISIN: US8636671013	Meeting Date: 30-Apr-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A)	ELECTION OF DIRECTOR: HOWARD E.	Mgmt	For	For
	COX, JR.
1B)	ELECTION OF DIRECTOR: SRIKANT M.	Mgmt	For	For
	DATAR, PH.D.
1C)	ELECTION OF DIRECTOR: ROCH	Mgmt	For	For
	DOLIVEUX, DVM
1D)	ELECTION OF DIRECTOR: LOUISE L.	Mgmt	For	For
	FRANCESCONI
1E)	ELECTION OF DIRECTOR: ALLAN C.	Mgmt	For	For
	GOLSTON
1F)	ELECTION OF DIRECTOR: HOWARD L.	Mgmt	For	For
	LANCE

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 65 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1G)	ELECTION OF DIRECTOR: KEVIN A. LOBO	Mgmt	For	For
1H)	ELECTION OF DIRECTOR: WILLIAM U.	Mgmt	For	For
	PARFET
1I)	ELECTION OF DIRECTOR: RONDA E.	Mgmt	For	For
	STRYKER
2)	RATIFY THE APPOINTMENT OF ERNST &	Mgmt	For	For
	YOUNG LLP AS OUR INDEPENDENT
	REGISTERED PUBLIC ACCOUNTING FIRM
	FOR 2013.
3)	APPROVAL, IN AN ADVISORY VOTE, OF	Mgmt	For	For
	THE COMPANY’S NAMED EXECUTIVE
	OFFICER COMPENSATION.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 66 of 78

DGHM All Cap Value Fund

THE ALLSTATE CORPORATION
Security: 020002101	Agenda Number: 933779540
Ticker: ALL	Meeting Type: Annual
ISIN: US0200021014	Meeting Date: 21-May-13

Prop.#	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: F. DUANE	Mgmt	For	For
	ACKERMAN
1B.	ELECTION OF DIRECTOR: ROBERT D.	Mgmt	For	For
	BEYER
1C.	ELECTION OF DIRECTOR: KERMIT R.	Mgmt	For	For
	CRAWFORD
1D.	ELECTION OF DIRECTOR: JACK M.	Mgmt	For	For
	GREENBERG
1E.	ELECTION OF DIRECTOR: HERBERT L.	Mgmt	For	For
	HENKEL
1F.	ELECTION OF DIRECTOR: RONALD T.	Mgmt	For	For
	LEMAY

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 67 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1G.	ELECTION OF DIRECTOR: ANDREA	Mgmt	For	For
	REDMOND
1H.	ELECTION OF DIRECTOR: H. JOHN RILEY,	Mgmt	For	For
	JR.
1I.	ELECTION OF DIRECTOR: JOHN W. ROWE	Mgmt	For	For
1J.	ELECTION OF DIRECTOR: JUDITH A.	Mgmt	For	For
	SPRIESER
1K.	ELECTION OF DIRECTOR: MARY ALICE	Mgmt	For	For
	TAYLOR
1L.	ELECTION OF DIRECTOR: THOMAS J.	Mgmt	For	For
	WILSON
2.	ADVISORY VOTE TO APPROVE THE	Mgmt	For	For
	EXECUTIVE COMPENSATION OF THE
	NAMED EXECUTIVE OFFICERS.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 68 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
3.	APPROVE THE 2013 EQUITY INCENTIVE	Mgmt	For	For
	PLAN.
4.	RATIFICATION OF THE APPOINTMENT OF	Mgmt	For	For
	DELOITTE & TOUCHE LLP AS ALLSTATE’S
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTANT FOR 2013.
5.	STOCKHOLDER PROPOSAL ON EQUITY	Shr	Against	For
	RETENTION BY SENIOR EXECUTIVES.
6.	STOCKHOLDER PROPOSAL ON	Shr	Against	For
	REPORTING LOBBYING EXPENDITURES.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 69 of 78

DGHM All Cap Value Fund

THE KROGER CO.
Security: 501044101	Agenda Number: 933824256
Ticker: KR	Meeting Type: Annual
ISIN: US5010441013	Meeting Date: 27-Jun-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: REUBEN V.	Mgmt	For	For
	ANDERSON
1B.	ELECTION OF DIRECTOR: ROBERT D.	Mgmt	For	For
	BEYER
1C.	ELECTION OF DIRECTOR: DAVID B.	Mgmt	For	For
	DILLON
1D.	ELECTION OF DIRECTOR: SUSAN J.	Mgmt	For	For
	KROPF
1E.	ELECTION OF DIRECTOR: JOHN T.	Mgmt	For	For
	LAMACCHIA
1F.	ELECTION OF DIRECTOR: DAVID B. LEWIS	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 70 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1G.	ELECTION OF DIRECTOR: W. RODNEY	Mgmt	For	For
	MCMULLEN
1H.	ELECTION OF DIRECTOR: JORGE P.	Mgmt	For	For
	MONTOYA
1I.	ELECTION OF DIRECTOR: CLYDE R.	Mgmt	For	For
	MOORE
1J.	ELECTION OF DIRECTOR: SUSAN M.	Mgmt	For	For
	PHILLIPS
1K.	ELECTION OF DIRECTOR: STEVEN R.	Mgmt	For	For
	ROGEL
1L.	ELECTION OF DIRECTOR: JAMES A.	Mgmt	For	For
	RUNDE
1M.	ELECTION OF DIRECTOR: RONALD L.	Mgmt	For	For
	SARGENT

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 71 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1N.	ELECTION OF DIRECTOR: BOBBY S.	Mgmt	For	For
	SHACKOULS
2.	ADVISORY VOTE TO APPROVE	Mgmt	For	For
	EXECUTIVE COMPENSATION.
3.	APPROVAL OF	Mgmt	For	For
	PRICEWATERHOUSECOOPERS LLP, AS
	AUDITORS.
4.	A SHAREHOLDER PROPOSAL, IF	Shr	Against	For
	PROPERLY PRESENTED, TO PUBLISH A
	REPORT ON HUMAN RIGHTS RISKS IN
	THE SUPPLY CHAIN.
5.	A SHAREHOLDER PROPOSAL, IF	Shr	Against	For
	PROPERLY PRESENTED, TO ADOPT A
	POLICY THAT THE BOARD’S CHAIRMAN
	BE AN INDEPENDENT DIRECTOR.
6.	A SHAREHOLDER PROPOSAL, IF	Shr	Against	For
	PROPERLY PRESENTED, TO ISSUE A
	REPORT REGARDING EXTENDED
	PRODUCER RESPONSIBILITY FOR POST-
	CONSUMER PACKAGE RECYCLING.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 72 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
7.	A SHAREHOLDER PROPOSAL, IF	Shr	Against	For
	PROPERLY PRESENTED, TO ADOPT AND
	IMPLEMENT A COMPREHENSIVE PALM
	OIL POLICY.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 73 of 78

DGHM All Cap Value Fund

THOR INDUSTRIES, INC.
Security: 885160101	Agenda Number: 933705773
Ticker: THO	Meeting Type: Annual
ISIN: US8851601018	Meeting Date: 11-Dec-12

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1     ANDREW E. GRAVES	Mgmt	For	For
	2     ALAN SIEGEL	Mgmt	For	For
	3     GEOFFREY A. THOMPSON	Mgmt	For	For
2.	PROPOSAL TO RATIFY THE	Mgmt	For	For
	APPOINTMENT OF DELOITTE & TOUCHE
	LLP AS OUR INDEPENDENT REGISTERED
	PUBLIC ACCOUNTING FIRM FOR FISCAL
	YEAR 2013.
3.	SAY ON PAY - AN ADVISORY VOTE TO	Mgmt	For	For
	APPROVE THE COMPENSATION OF OUR
	NAMED EXECUTIVE OFFICERS.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 74 of 78

DGHM All Cap Value Fund

TIDEWATER INC.
Security: 886423102	Agenda Number: 933659370
Ticker: TDW	Meeting Type: Annual
ISIN: US8864231027	Meeting Date: 19-Jul-12

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1     M. JAY ALLISON	Mgmt	For	For
	2     JAMES C. DAY	Mgmt	For	For
	3     RICHARD T. DU MOULIN	Mgmt	For	For
	4     MORRIS E. FOSTER	Mgmt	For	For
	5     J. WAYNE LEONARD	Mgmt	For	For
	6     JON C. MADONNA	Mgmt	For	For
	7     JOSEPH H. NETHERLAND	Mgmt	For	For
	8     RICHARD A. PATTAROZZI	Mgmt	For	For
	9     JEFFREY M. PLATT	Mgmt	For	For
	10   NICHOLAS J. SUTTON	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 75 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
	11   CINDY B. TAYLOR	Mgmt	For	For
	12   DEAN E. TAYLOR	Mgmt	For	For
	13   JACK E. THOMPSON	Mgmt	For	For
2.	SAY ON PAY VOTE - AN ADVISORY VOTE	Mgmt	For	For
	TO APPROVE EXECUTIVE
	COMPENSATION (AS DISCLOSED IN THE
	PROXY STATEMENT).
3.	RATIFICATION OF THE SELECTION OF	Mgmt	For	For
	DELOITTE & TOUCHE LLP AS
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM FOR THE FISCAL
	YEAR ENDING MARCH 31, 2013.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 76 of 78

DGHM All Cap Value Fund

TIME WARNER INC.
Security: 887317303	Agenda Number: 933774956
Ticker: TWX	Meeting Type: Annual
ISIN: US8873173038	Meeting Date: 23-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: JAMES L.	Mgmt	For	For
	BARKSDALE
1B.	ELECTION OF DIRECTOR: WILLIAM P.	Mgmt	For	For
	BARR
1C.	ELECTION OF DIRECTOR: JEFFREY L.	Mgmt	For	For
	BEWKES
1D.	ELECTION OF DIRECTOR: STEPHEN F.	Mgmt	For	For
	BOLLENBACH
1E.	ELECTION OF DIRECTOR: ROBERT C.	Mgmt	For	For
	CLARK
1F.	ELECTION OF DIRECTOR: MATHIAS	Mgmt	For	For
	DOPFNER

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 77 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1G.	ELECTION OF DIRECTOR: JESSICA P.	Mgmt	For	For
	EINHORN
1H.	ELECTION OF DIRECTOR: FRED HASSAN	Mgmt	For	For
1I.	ELECTION OF DIRECTOR: KENNETH J.	Mgmt	For	For
	NOVACK
1J.	ELECTION OF DIRECTOR: PAUL D.	Mgmt	For	For
	WACHTER
1K.	ELECTION OF DIRECTOR: DEBORAH C.	Mgmt	For	For
	WRIGHT
2.	RATIFICATION OF APPOINTMENT OF	Mgmt	For	For
	INDEPENDENT AUDITORS.
3.	ADVISORY VOTE TO APPROVE NAMED	Mgmt	For	For
	EXECUTIVE OFFICER COMPENSATION.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 78 of 78

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
4.	APPROVAL OF THE TIME WARNER INC.	Mgmt	For	For
	2013 STOCK INCENTIVE PLAN.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 1 of 112

DGHM SMALL CAP VALUE FUND

ALTERRA CAPITAL HOLDINGS LIMITED
Security: G0229R108	Agenda Number: 933728769
Ticker: ALTE	Meeting Type: Special
ISIN: BMG0229R1088	Meeting Date: 26-Feb-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	TO APPROVE AN AMENDMENT TO THE	Mgmt	For	For
	BYE-LAWS OF ALTERRA CAPITAL
	HOLDINGS LIMITED.
2.	TO APPROVE AND ADOPT THE MERGER	Mgmt	For	For
	AGREEMENT AND THE MERGER.
3.	TO CAST AN ADVISORY (NON-BINDING)	Mgmt	For	For
	VOTE TO APPROVE THE COMPENSATION
	THAT MAY BECOME PAID OR BECOME
	PAYABLE TO NAMED EXECUTIVE
	OFFICERS IN CONNECTION WITH THE
	MERGER.
4.	TO TRANSACT SUCH OTHER BUSINESS,	Mgmt	For	For
	IF ANY, AS MAY LAWFULLY BE BROUGHT
	BEFORE THE ALTERRA SPECIAL
	GENERAL MEETING, INCLUDING A
	PROPOSAL TO APPROVE AN
	ADJOURNMENT OF THE ALTERRA
	SPECIAL GENERAL MEETING FOR THE
	SOLICITATION OF ADDITIONAL PROXIES
	FROM ALTERRA SHAREHOLDERS IN
	FAVOR OF ANY OF THE ABOVE
	PROPOSALS.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 2 of 112

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	269	269	0	07-Feb-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 3 of 112

DGHM SMALL CAP VALUE FUND

AMERICAN EQUITY INVESTMENT LIFE HLDG CO
Security: 025676206	Agenda Number: 933800395
Ticker: AEL	Meeting Type: Annual
ISIN: US0256762065	Meeting Date: 06-Jun-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1	DIRECTOR
	1      ALEXANDER M. CLARK	Mgmt	For	For
	2      JOHN M. MATOVINA	Mgmt	For	For
	3      GERARD D. NEUGENT	Mgmt	For	For
2.	TO APPROVE THE 2013 DIRECTOR	Mgmt	For	For
	EQUITY AND INCENTIVE PLAN.
3.	TO APPROVE THE SHORT-TERM	Mgmt	For	For
	PERFORMANCE INCENTIVE PLAN.
4.	TO RATIFY THE APPOINTMENT OF KPMG	Mgmt	For	For
	LLP AS INDEPENDENT REGISTERED
	PUBLIC ACCOUNTING FIRM FOR 2013.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 4 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
5.	TO APPROVE, ON AN ADVISORY BASIS,	Mgmt	For	For
	COMPENSATION OF THE NAMED
	EXECUTIVE OFFICERS.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	514	514	0	31-May-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 5 of 112

DGHM SMALL CAP VALUE FUND

ANIXTER INTERNATIONAL INC.
Security: 035290105	Agenda Number: 933773132
Ticker: AXE	Meeting Type: Annual
ISIN: US0352901054	Meeting Date: 09-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: LORD JAMES	Mgmt	For	For
	BLYTH
1B.	ELECTION OF DIRECTOR: FREDERIC F.	Mgmt	For	For
	BRACE
1C.	ELECTION OF DIRECTOR: LINDA WALKER	Mgmt	For	For
	BYNOE
1D.	ELECTION OF DIRECTOR: ROBERT J. ECK	Mgmt	For	For
1E.	ELECTION OF DIRECTOR: ROBERT W.	Mgmt	For	For
	GRUBBS
1F.	ELECTION OF DIRECTOR: F. PHILIP	Mgmt	For	For
	HANDY

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 6 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1G.	ELECTION OF DIRECTOR: MELVYN N.	Mgmt	For	For
	KLEIN
1H.	ELECTION OF DIRECTOR: GEORGE	Mgmt	For	For
	MUNOZ
1I.	ELECTION OF DIRECTOR: STUART M.	Mgmt	For	For
	SLOAN
1J.	ELECTION OF DIRECTOR: MATTHEW ZELL	Mgmt	For	For
1K.	ELECTION OF DIRECTOR: SAMUEL ZELL	Mgmt	For	For
2.	ADVISORY VOTE TO APPROVE THE	Mgmt	For	For
	COMPANY’S EXECUTIVE COMPENSATION.
3.	RATIFICATION OF ERNST & YOUNG LLP	Mgmt	For	For
	AS INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM FOR FISCAL 2013.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 7 of 112

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	138	138	0	24-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 8 of 112

DGHM SMALL CAP VALUE FUND

ASSOCIATED BANC-CORP
Security: 045487105	Agenda Number: 933743040
Ticker: ASBC	Meeting Type: Annual
ISIN: US0454871056	Meeting Date: 23-Apr-13

Prop. #	Proposal		Proposed		For/Against
			by	Proposal Vote	Management’s
					Recommendation
1.	DIRECTOR
	1	JOHN F. BERGSTROM	Mgmt	For	For
	2	RUTH M. CROWLEY	Mgmt	For	For
	3	PHILIP B. FLYNN	Mgmt	For	For
	4	RONALD R. HARDER	Mgmt	For	For
	5	WILLIAM R. HUTCHINSON	Mgmt	For	For
	6	ROBERT A. JEFFE	Mgmt	For	For
	7	EILEEN A. KAMERICK	Mgmt	For	For
	8	RICHARD T. LOMMEN	Mgmt	For	For
	9	J. DOUGLAS QUICK	Mgmt	For	For
	10	KAREN T. VAN LITH	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 9 of 112

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
	11	JOHN (JAY) B. WILLIAMS	Mgmt	For	For
2.	THE APPROVAL OF THE ASSOCIATED		Mgmt	For	For
	BANC-CORP 2013 INCENTIVE
	COMPENSATION PLAN.
3.	ADVISORY APPROVAL OF ASSOCIATED		Mgmt	For	For
	BANC-CORP ’S NAMED EXECUTIVE
	OFFICER COMPENSATION.
4.	THE RATIFICATION OF THE SELECTION		Mgmt	For	For
	OF KPMG LLP AS THE INDEPENDENT
	REGISTERED PUBLIC ACCOUNTING FIRM
	FOR ASSOCIATED BANC-CORP FOR THE
	YEAR ENDING DECEMBER 31, 2013.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	552	552	0	18-Mar-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 10 of 112

DGHM SMALL CAP VALUE FUND

BEACON ROOFING SUPPLY, INC.
Security: 073685109	Agenda Number: 933725307
Ticker: BECN	Meeting Type: Annual
ISIN: US0736851090	Meeting Date: 13-Feb-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	ROBERT R. BUCK	Mgmt	For	For
	2	PAUL M. ISABELLA	Mgmt	For	For
	3	RICHARD W. FROST	Mgmt	For	For
	4	JAMES J. GAFFNEY	Mgmt	For	For
	5	PETER M. GOTSCH	Mgmt	For	For
	6	NEIL S. NOVICH	Mgmt	For	For
	7	STUART A. RANDLE	Mgmt	For	For
	8	WILSON B. SEXTON	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 11 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
2.	TO RATIFY THE SELECTION OF ERNST &	Mgmt	For	For
	YOUNG LLP AS THE COMPANY’S
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM FOR THE FISCAL
	YEAR ENDING SEPTEMBER 30, 2013
	(PROPOSAL NO. 2).
3.	TO APPROVE THE COMPENSATION OF	Mgmt	For	For
	OUR NAMED EXECUTIVE OFFICERS AS
	PRESENTED IN THE COMPENSATION
	DISCUSSION AND ANALYSIS, THE
	COMPENSATION TABLES, AND THE
	RELATED DISCLOSURES CONTAINED IN
	THE ACCOMPANYING PROXY STATEMENT
	ON A NON-BINDING, ADVISORY BASIS
	(PROPOSAL NO. 3).

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	149	149	0	29-Jan-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 12 of 112

DGHM SMALL CAP VALUE FUND

BIOMED REALTY TRUST, INC.
Security: 09063H107	Agenda Number: 933791558
Ticker: BMR	Meeting Type: Annual
ISIN: US09063H1077	Meeting Date: 29-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	ALAN D. GOLD	Mgmt	For	For
	2	DANIEL M. BRADBURY	Mgmt	For	For
	3	BARBARA R. CAMBON	Mgmt	For	For
	4	EDWARD A. DENNIS, PH.D.	Mgmt	For	For
	5	RICHARD I. GILCHRIST	Mgmt	For	For
	6	GARY A. KREITZER	Mgmt	For	For
	7	THEODORE D. ROTH	Mgmt	For	For
	8	M. FAYE WILSON	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 13 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
2.	RATIFICATION OF THE SELECTION OF	Mgmt	For	For
	KPMG LLP AS THE COMPANY’S
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM FOR THE YEAR
	ENDING DECEMBER 31, 2013.
3.	TO APPROVE A NONBINDING ADVISORY	Mgmt	For	For
	RESOLUTION ON THE COMPANY’S
	EXECUTIVE COMPENSATION.
4.	APPROVAL OF THE 2013 AMENDMENT	Mgmt	For	For
	AND RESTATEMENT OF THE 2004
	INCENTIVE AWARD PLAN, INCLUDING THE
	INCREASE IN THE NUMBER OF SHARES
	OF COMMON STOCK RESERVED FOR
	ISSUANCE THEREUNDER FROM 5,340,000
	SHARES TO 10,740,000 SHARES.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	326	326	0	25-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 14 of 112

DGHM SMALL CAP VALUE FUND

BOOZ ALLEN HAMILTON HOLDING CORPORATION
Security: 099502106	Agenda Number: 933662341
Ticker: BAH	Meeting Type: Annual
ISIN: US0995021062	Meeting Date: 02-Aug-12

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	IAN FUJIYAMA	Mgmt	For	For
	2	MARK GAUMOND	Mgmt	For	For
	3	SAMUEL R. STRICKLAND	Mgmt	For	For
2.	THE RATIFICATION OF THE SELECTION		Mgmt	For	For
	OF ERNST & YOUNG LLP AS THE
	COMPANY’S INDEPENDENT REGISTERED
	PUBLIC ACCOUNTING FIRM FOR FISCAL
	YEAR 2013.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	295	295	0	30-Jul-12

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 15 of 112

DGHM SMALL CAP VALUE FUND

CHICO’S FAS, INC.
Security: 168615102	Agenda Number: 933824155
Ticker: CHS	Meeting Type: Annual
ISIN: US1686151028	Meeting Date: 27-Jun-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.1	ELECTION OF DIRECTOR: VERNA K.	Mgmt	For	For
	GIBSON
1.2	ELECTION OF DIRECTOR: DAVID F. DYER	Mgmt	For	For
1.3	ELECTION OF DIRECTOR: JANICE L.	Mgmt	For	For
	FIELDS
2.	PROPOSAL TO RATIFY THE	Mgmt	For	For
	APPOINTMENT OF ERNST & YOUNG, LLP
	AS INDEPENDENT CERTIFIED PUBLIC
	ACCOUNTANTS
3.	ADVISORY RESOLUTION TO APPROVE	Mgmt	For	For
	EXECUTIVE COMPENSATION

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	508	508	0	21-Jun-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 16 of 112

DGHM SMALL CAP VALUE FUND

CLECO CORPORATION
Security: 12561W105	Agenda Number: 933747531
Ticker: CNL	Meeting Type: Annual
ISIN: US12561W1053	Meeting Date: 26-Apr-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1      LOGAN W. KRUGER	Mgmt	For	For
	2      BRUCE A. WILLIAMSON	Mgmt	For	For
2.	TO RATIFY THE AUDIT COMMITTEE’S	Mgmt	For	For
	APPOINTMENT OF THE FIRM OF
	DELOITTE & TOUCHE LLP AS CLECO
	CORPORATION ’S INDEPENDENT
	REGISTERED PUBLIC ACCOUNTING FIRM
	FOR THE FISCAL YEAR ENDING
	DECEMBER 31, 2013.
3.	ADVISORY VOTE TO APPROVE THE	Mgmt	For	For
	COMPENSATION OF CLECO
	CORPORATION ’S NAMED EXECUTIVE
	OFFICERS.
4.	MANAGEMENT PROPOSAL TO AMEND	Mgmt	For	For
	THE BYLAWS OF CLECO CORPORATION
	TO ELIMINATE CUMULATIVE VOTING AND
	TO ELIMINATE THE CLASSIFICATION OF
	THE BOARD OF DIRECTORS OF CLECO
	CORPORATION SO AS TO REQUIRE THAT
	ALL DIRECTORS BE ELECTED ANNUALLY.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 17 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
5.	MANAGEMENT PROPOSAL TO AMEND	Mgmt	For	For
	THE AMENDED AND RESTATED ARTICLES
	OF INCORPORATION OF CLECO
	CORPORATION TO ELIMINATE
	CUMULATIVE VOTING.
6.	SHAREHOLDER PROPOSAL TO REQUIRE	Shr	Against	For
	CLECO CORPORATION TO ISSUE A
	SUSTAINABILITY REPORT.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	137	137	0	08-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 18 of 112

DGHM SMALL CAP VALUE FUND

COLONIAL PROPERTIES TRUST
Security: 195872106	Agenda Number: 933742303
Ticker: CLP	Meeting Type: Annual
ISIN: US1958721060	Meeting Date: 24-Apr-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1	DIRECTOR
	1	CARL F. BAILEY	Mgmt	For	For
	2	EDWIN M. CRAWFORD	Mgmt	For	For
	3	M. MILLER GORRIE	Mgmt	For	For
	4	WILLIAM M. JOHNSON	Mgmt	For	For
	5	JAMES K. LOWDER	Mgmt	For	For
	6	THOMAS H. LOWDER	Mgmt	For	For
	7	HERBERT A. MEISLER	Mgmt	For	For
	8	CLAUDE B. NIELSEN	Mgmt	For	For
	9	HAROLD W. RIPPS	Mgmt	For	For
	10	JOHN W. SPIEGEL	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 19 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
2	TO RATIFY THE APPOINTMENT OF	Mgmt	For	For
	DELOITTE & TOUCHE LLP AS
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM OF THE COMPANY
	FOR THE FISCAL YEAR ENDING
	DECEMBER 31, 2013.
3	AN ADVISORY VOTE TO APPROVE NAMED	Mgmt	For	For
	EXECUTIVE OFFICER COMPENSATION.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	313	313	0	01-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 20 of 112

DGHM SMALL CAP VALUE FUND

COLONY FINANCIAL INC
Security: 19624R106	Agenda Number: 933769549
Ticker: CLNY	Meeting Type: Annual
ISIN: US19624R1068	Meeting Date: 06-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1      THOMAS J. BARRACK, JR.	Mgmt	For	For
	2      RICHARD B. SALTZMAN	Mgmt	For	For
	3      GEORGE G.C. PARKER	Mgmt	For	For
	4      JOHN A. SOMERS	Mgmt	For	For
	5      JOHN L. STEFFENS	Mgmt	For	For
2.	APPROVAL OF AN ADVISORY PROPOSAL	Mgmt	For	For
	REGARDING THE COMPENSATION PAID
	TO COLONY FINANCIAL’S NAMED
	EXECUTIVE OFFICERS (THE "SAY ON PAY"
	PROPOSAL).
3.	RATIFICATION OF THE APPOINTMENT OF	Mgmt	For	For
	ERNST & YOUNG LLP AS INDEPENDENT
	PUBLIC AUDITOR FOR THE FISCAL YEAR
	ENDING DECEMBER 31, 2013.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 21 of 112

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	365	365	0	19-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 22 of 112

DGHM SMALL CAP VALUE FUND

COMMUNITY TRUST BANCORP, INC.
Security: 204149108	Agenda Number: 933767975
Ticker: CTBI	Meeting Type: Annual
ISIN: US2041491083	Meeting Date: 23-Apr-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1	DIRECTOR
	1	CHARLES J. BAIRD	Mgmt	For	For
	2	NICK CARTER	Mgmt	For	For
	3	JEAN R. HALE	Mgmt	For	For
	4	JAMES E. MCGHEE II	Mgmt	For	For
	5	M. LYNN PARRISH	Mgmt	For	For
	6	DR. JAMES R. RAMSEY	Mgmt	For	For
	7	ANTHONY W. ST. CHARLES	Mgmt	For	For
2	PROPOSAL TO RATIFY AND APPROVE		Mgmt	For	For
	THE APPOINTMENT OF BKD, LLP AS
	COMMUNITY TRUST BANCORP, INC.’S
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM FOR THE FISCAL
	YEAR ENDING DECEMBER 31, 2013.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 23 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
3	PROPOSAL TO APPROVE THE ADVISORY	Mgmt	For	For
	(NONBINDING) RESOLUTION RELATING
	TO EXECUTIVE COMPENSATION.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	87	87	0	03-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 24 of 112

DGHM SMALL CAP VALUE FUND

COMSTOCK RESOURCES, INC.
Security: 205768203	Agenda Number: 933771948
Ticker: CRK	Meeting Type: Annual
ISIN: US2057682039	Meeting Date: 07-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1      CECIL E. MARTIN	Mgmt	For	For
	2      NANCY E. UNDERWOOD	Mgmt	For	For
2.	PROPOSAL TO RATIFY THE	Mgmt	For	For
	APPOINTMENT OF ERNST & YOUNG LLP,
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM, FOR 2013.
3.	PROPOSAL TO APPROVE, BY NON-	Mgmt	For	For
	BINDING VOTE, EXECUTIVE
	COMPENSATION.
4.	PROPOSAL TO APPROVE THE MATERIAL	Mgmt	For	For
	TERMS OF THE PERFORMANCE GOALS
	UNDER THE COMSTOCK RESOURCES,
	INC. 2009 LONG-TERM INCENTIVE PLAN.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	348	348	0	19-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 25 of 112

DGHM SMALL CAP VALUE FUND

COUSINS PROPERTIES INCORPORATED
Security: 222795106	Agenda Number: 933763268
Ticker: CUZ	Meeting Type: Annual
ISIN: US2227951066	Meeting Date: 07-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	TOM G. CHARLESWORTH	Mgmt	For	For
	2	JAMES D. EDWARDS	Mgmt	For	For
	3	L.L. GELLERSTEDT, III	Mgmt	For	For
	4	LILLIAN C. GIORNELLI	Mgmt	For	For
	5	S. TAYLOR GLOVER	Mgmt	For	For
	6	JAMES H. HANCE, JR.	Mgmt	For	For
	7	WILLIAM PORTER PAYNE	Mgmt	For	For
	8	R. DARY STONE	Mgmt	For	For
2.	APPROVE, ON AN ADVISORY BASIS, THE		Mgmt	For	For
	COMPENSATION OF THE NAMED
	EXECUTIVE OFFICERS.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 26 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
3.	RATIFY THE APPOINTMENT OF DELOITTE	Mgmt	For	For
	& TOUCHE LLP AS THE COMPANY’S
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM FOR THE YEAR
	ENDING DECEMBER 31, 2013.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	799	799	0	18-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 27 of 112

DGHM SMALL CAP VALUE FUND

CYTEC INDUSTRIES INC.
Security: 232820100	Agenda Number: 933739508
Ticker: CYT	Meeting Type: Annual
ISIN: US2328201007	Meeting Date: 18-Apr-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: CHRIS A. DAVIS	Mgmt	For	For
1B.	ELECTION OF DIRECTOR: SHANE D.	Mgmt	For	For
	FLEMING
1C.	ELECTION OF DIRECTOR: LOUIS L.	Mgmt	For	For
	HOYNES JR.
1D.	ELECTION OF DIRECTOR: WILLIAM P.	Mgmt	For	For
	POWELL
2.	RATIFICATION OF KPMG LLP AS THE	Mgmt	For	For
	COMPANY’S AUDITORS FOR 2013.
3.	APPROVE, BY NON-BINDING VOTE, THE	Mgmt	For	For
	COMPENSATION OF OUR NAMED
	EXECUTIVE OFFICERS.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 28 of 112

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	84	84	0	02-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 29 of 112

DGHM SMALL CAP VALUE FUND

ELECTRO SCIENTIFIC INDUSTRIES, INC.
Security: 285229100	Agenda Number: 933666034
Ticker: ESIO	Meeting Type: Annual
ISIN: US2852291002	Meeting Date: 09-Aug-12

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1      RICHARD J. FAUBERT	Mgmt	For	For
	2      DAVID NIERENBERG	Mgmt	For	For
	3      JON D. TOMPKINS	Mgmt	For	For
2.	TO RATIFY THE APPOINTMENT OF KPMG	Mgmt	For	For
	LLP AS ESI ’S INDEPENDENT REGISTERED
	PUBLIC ACCOUNTING FIRM FOR THE
	FISCAL YEAR ENDING MARCH 30, 2013.
3.	TO APPROVE, ON AN ADVISORY BASIS,	Mgmt	For	For
	THE COMPENSATION OF OUR NAMED
	EXECUTIVE OFFICERS.
4.	TO REAPPROVE OUR 2004 STOCK	Mgmt	For	For
	INCENTIVE PLAN FOR PURPOSES OF
	SECTION 162(M) OF THE INTERNAL
	REVENUE CODE.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 30 of 112

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	229	229	0	03-Aug-12

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 31 of 112

DGHM SMALL CAP VALUE FUND

EMCOR GROUP, INC.
Security: 29084Q100	Agenda Number: 933808175
Ticker: EME	Meeting Type: Annual
ISIN: US29084Q1004	Meeting Date: 13-Jun-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	STEPHEN W. BERSHAD	Mgmt	For	For
	2	DAVID A.B. BROWN	Mgmt	For	For
	3	LARRY J. BUMP	Mgmt	For	For
	4	ALBERT FRIED, JR.	Mgmt	For	For
	5	ANTHONY J. GUZZI	Mgmt	For	For
	6	RICHARD F. HAMM, JR.	Mgmt	For	For
	7	DAVID H. LAIDLEY	Mgmt	For	For
	8	FRANK T. MACINNIS	Mgmt	For	For
	9	JERRY E. RYAN	Mgmt	For	For
	10	MICHAEL T. YONKER	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 32 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
2.	APPROVAL BY NON-BINDING ADVISORY	Mgmt	For	For
	VOTE OF EXECUTIVE COMPENSATION.
3.	TO REAPPROVE THE ADOPTION OF THE	Mgmt	For	For
	KEY EXECUTIVE INCENTIVE BONUS
	PLAN.
4.	RATIFICATION OF THE APPOINTMENT OF	Mgmt	For	For
	ERNST & YOUNG LLP AS INDEPENDENT
	AUDITORS FOR 2013.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	218	218	0	07-Jun-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 33 of 112

DGHM SMALL CAP VALUE FUND

FIRST AMERICAN FINANCIAL CORPORATION
Security: 31847R102	Agenda Number: 933777281
Ticker: FAF	Meeting Type: Annual
ISIN: US31847R1023	Meeting Date: 14-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1      ANTHONY K. ANDERSON	Mgmt	For	For
	2      PARKER S. KENNEDY	Mgmt	For	For
	3      MARK C. OMAN	Mgmt	For	For
2.	ADVISORY VOTE TO APPROVE	Mgmt	For	For
	EXECUTIVE COMPENSATION.
3.	APPROVAL OF THE AMENDED AND	Mgmt	For	For
	RESTATED FIRST AMERICAN FINANCIAL
	CORPORATION 2010 EMPLOYEE STOCK
	PURCHASE PLAN.
4.	TO RATIFY THE SELECTION OF	Mgmt	For	For
	PRICEWATERHOUSECOOPERS LLP AS
	THE COMPANY ’S INDEPENDENT
	REGISTERED PUBLIC ACCOUNTING FIRM
	FOR THE FISCAL YEAR ENDING
	DECEMBER 31, 2013.	��

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 34 of 112

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	168	168	0	30-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 35 of 112

DGHM SMALL CAP VALUE FUND

GAMCO INVESTORS, INC.
Security: 361438104	Agenda Number: 933805307
Ticker: GBL	Meeting Type: Annual
ISIN: US3614381040	Meeting Date: 07-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	EDWIN L. ARTZT	Mgmt	For	For
	2	RAYMOND C. AVANSINO, JR	Mgmt	For	For
	3	RICHARD L. BREADY	Mgmt	For	For
	4	MARIO J. GABELLI	Mgmt	For	For
	5	EUGENE R. MCGRATH	Mgmt	For	For
	6	ROBERT S. PRATHER, JR.	Mgmt	For	For
	7	ELISA M. WILSON	Mgmt	For	For
2.	THE RATIFICATION OF DELOITTE &		Mgmt	For	For
	TOUCHE LLP AS THE COMPANY’S
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTANTS FOR THE YEAR ENDING
	DECEMBER 31, 2013.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 36 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
3.	WHETHER OUR BOARD OF DIRECTORS	Mgmt	Against
	SHOULD CONSIDER THE CONVERSION
	AND RECLASSIFICATION OF OUR
	SHARES OF CLASS B COMMON STOCK
	INTO CLASS A COMMON STOCK AT A
	RATIO IN THE RANGE BETWEEN 1.15 TO
	1.25 SHARES OF CLASS A COMMON
	STOCK FOR EACH SHARE OF CLASS B
	COMMON STOCK.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	151	151	0	30-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 37 of 112

DGHM SMALL CAP VALUE FUND

GAYLORD ENTERTAINMENT COMPANY
Security: 367905106	Agenda Number: 933681389
Ticker: GET	Meeting Type: Special
ISIN: US3679051066	Meeting Date: 25-Sep-12

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	TO ADOPT THE AGREEMENT AND PLAN	Mgmt	For	For
	OF MERGER DATED JULY 27, 2012 BY AND
	BETWEEN GAYLORD ENTERTAINMENT
	COMPANY AND GRANITE HOTEL
	PROPERTIES, INC., A WHOLLY-OWNED
	SUBSIDIARY OF GAYLORD, WHICH IS
	PART OF RESTRUCTURING
	TRANSACTIONS INTENDED TO ENABLE
	US TO QUALIFY AS A REAL ESTATE
	INVESTMENT TRUST, OR REIT, FOR
	FEDERAL INCOME TAX PURPOSES.
2.	TO APPROVE THE ISSUANCE OF UP TO	Mgmt	For	For
	34,000,000 SHARES OF OUR COMMON
	STOCK AS PART OF A ONE-TIME SPECIAL
	DISTRIBUTION RELATED TO THE
	DISTRIBUTION OF OUR ACCUMULATED
	EARNINGS AND PROFITS TO
	STOCKHOLDERS IN CONNECTION WITH
	THE REIT CONVERSION.
3.	TO PERMIT OUR BOARD OF DIRECTORS	Mgmt	For	For
	TO ADJOURN THE SPECIAL MEETING, IF
	NECESSARY, FOR FURTHER
	SOLICITATION OF PROXIES IF THERE ARE
	NOT SUFFICIENT VOTES AT THE
	ORIGINALLY SCHEDULED TIME OF THE
	SPECIAL MEETING TO APPROVE THE
	FOREGOING PROPOSALS.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 38 of 112

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	144	144	0	04-Sep-12

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 39 of 112

DGHM SMALL CAP VALUE FUND

GLIMCHER REALTY TRUST
Security: 379302102	Agenda Number: 933756631
Ticker: GRT	Meeting Type: Annual
ISIN: US3793021029	Meeting Date: 09-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1      TIMOTHY J. O’BRIEN	Mgmt	For	For
	2      NILES C. OVERLY	Mgmt	For	For
	3      WILLIAM S. WILLIAMS	Mgmt	For	For
2.	TO RATIFY THE APPOINTMENT OF BDO	Mgmt	For	For
	USA, LLP AS GLIMCHER REALTY TRUST’S
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM FOR THE FISCAL
	YEAR ENDING DECEMBER 31, 2013.
3.	TO APPROVE A NON-BINDING AND	Mgmt	For	For
	ADVISORY RESOLUTION REGARDING
	GLIMCHER REALTY TRUST’S EXECUTIVE
	COMPENSATION.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	535	535	0	18-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 40 of 112

DGHM SMALL CAP VALUE FUND

GLOBAL CASH ACCESS HOLDINGS, INC.
Security: 378967103	Agenda Number: 933766707
Ticker: GCA	Meeting Type: Annual
ISIN: US3789671035	Meeting Date: 25-Apr-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1	DIRECTOR
	1      GEOFF JUDGE	Mgmt	For	For
	2      MICHAEL RUMBOLZ	Mgmt	For	For
	3      RONALD CONGEMI	Mgmt	For	For
2	TO APPROVE, ON AN ADVISORY (NON-	Mgmt	For	For
	BINDING) VOTE BASIS, THE
	COMPENSATION OF THE COMPANY’S
	NAMED EXECUTIVE OFFICERS AS
	DISCLOSED IN THE ACCOMPANYING
	PROXY STATEMENT.
3	TO RATIFY THE APPOINTMENT OF	Mgmt	For	For
	DELOITTE & TOUCHE LLP AS THE
	COMPANY’S REGISTERED PUBLIC
	ACCOUNTING FIRM FOR THE FISCAL
	YEAR ENDING DECEMBER 31, 2013.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	683	683	0	08-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 41 of 112

DGHM SMALL CAP VALUE FUND

HANGER, INC.
Security: 41043F208	Agenda Number: 933782395
Ticker: HGR	Meeting Type: Annual
ISIN: US41043F2083	Meeting Date: 09-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	VINIT K. ASAR	Mgmt	For	For
	2	THOMAS P. COOPER, M.D.	Mgmt	For	For
	3	CYNTHIA L. FELDMANN	Mgmt	For	For
	4	ERIC A. GREEN	Mgmt	For	For
	5	STEPHEN E. HARE	Mgmt	For	For
	6	ISAAC KAUFMAN	Mgmt	For	For
	7	THOMAS F. KIRK	Mgmt	For	For
	8	PATRICIA B. SHRADER	Mgmt	For	For
2.	ADVISORY APPROVAL OF THE		Mgmt	For	For
	COMPENSATION OF OUR NAMED
	EXECUTIVE OFFICERS.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 42 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
3.	TO RATIFY THE APPOINTMENT OF	Mgmt	For	For
	PRICEWATERHOUSECOOPERS LLP AS
	OUR INDEPENDENT AUDITOR FOR 2013.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	209	209	0	30-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 43 of 112

DGHM SMALL CAP VALUE FUND

HEARTLAND EXPRESS, INC.
Security: 422347104	Agenda Number: 933763751
Ticker: HTLD	Meeting Type: Annual
ISIN: US4223471040	Meeting Date: 09-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	M. GERDIN	Mgmt	For	For
	2	R. JACOBSON	Mgmt	For	For
	3	B. ALLEN	Mgmt	For	For
	4	L. CROUSE	Mgmt	For	For
	5	J. PRATT	Mgmt	For	For
	6	T. HIRA	Mgmt	For	For
2.	RATIFICATION OF THE APPOINTMENT OF		Mgmt	For	For
	KPMG LLP AS THE INDEPENDENT
	REGISTERED PUBLIC ACCOUNTING FIRM
	OF THE COMPANY FOR 2013.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	602	602	0	18-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 44 of 112

DGHM SMALL CAP VALUE FUND

HERMAN MILLER, INC.
Security: 600544100	Agenda Number: 933681682
Ticker: MLHR	Meeting Type: Annual
ISIN: US6005441000	Meeting Date: 08-Oct-12

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1      JAMES R. KACKLEY*	Mgmt	For	For
	2      DAVID A. BRANDON#	Mgmt	For	For
	3      DOUGLAS D. FRENCH#	Mgmt	For	For
	4      JOHN R. HOKE III#	Mgmt	For	For
2.	PROPOSAL TO RATIFY THE	Mgmt	For	For
	APPOINTMENT OF ERNST & YOUNG LLP
	AS OUR INDEPENDENT REGISTERED
	PUBLIC ACCOUNTING FIRM.
3.	PROPOSAL TO APPROVE, ON AN	Mgmt	For	For
	ADVISORY BASIS, THE COMPENSATION
	PAID TO THE COMPANY’S NAMED
	EXECUTIVE OFFICERS.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	284	284	0	02-Oct-12

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 45 of 112

DGHM SMALL CAP VALUE FUND

HERSHA HOSPITALITY TRUST
Security: 427825104	Agenda Number: 933803430
Ticker: HT	Meeting Type: Annual
ISIN: US4278251040	Meeting Date: 23-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF TRUSTEE: HASU P. SHAH	Mgmt	For	For
1B.	ELECTION OF TRUSTEE: DIANNA F.	Mgmt	For	For
	MORGAN
1C.	ELECTION OF TRUSTEE: KIRAN P. PATEL	Mgmt	For	For
1D.	ELECTION OF TRUSTEE: JOHN M. SABIN	Mgmt	For	For
2.	THE APPROVAL, ON AN ADVISORY BASIS,	Mgmt	For	For
	OF THE COMPENSATION OF THE NAMED
	EXECUTIVE OFFICERS.
3.	THE RATIFICATION OF KPMG LLP AS THE	Mgmt	For	For
	INDEPENDENT AUDITORS.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 46 of 112

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	1422	1422	0	25-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 47 of 112

DGHM SMALL CAP VALUE FUND

HYSTER-YALE MATERIALS HANDLING, INC.
Security: 449172105	Agenda Number: 933755273
Ticker: HY	Meeting Type: Annual
ISIN: US4491721050	Meeting Date: 08-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	J.C. BUTLER, JR.	Mgmt	For	For
	2	CAROLYN CORVI	Mgmt	For	For
	3	JOHN P. JUMPER	Mgmt	For	For
	4	DENNIS W. LABARRE	Mgmt	For	For
	5	ALFRED M. RANKIN, JR.	Mgmt	For	For
	6	CLAIBORNE R. RANKIN	Mgmt	For	For
	7	MICHAEL E. SHANNON	Mgmt	For	For
	8	BRITTON T. TAPLIN	Mgmt	Withheld	Against
	9	EUGENE WONG	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 48 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
2.	PROPOSAL TO APPROVE, FOR	Mgmt	Against	Against
	PURPOSES OF SECTION 162(M) OF THE
	INTERNAL REVENUE CODE, THE NACCO
	MATERIALS HANDLING GROUP, INC.
	ANNUAL INCENTIVE COMPENSATION
	PLAN (AMENDED AND RESTATED
	EFFECTIVE MARCH 1, 2013).
3.	PROPOSAL TO APPROVE, FOR	Mgmt	Against	Against
	PURPOSES OF SECTION 162(M) OF THE
	INTERNAL REVENUE CODE, THE NACCO
	MATERIALS HANDLING GROUP, INC.
	LONG-TERM INCENTIVE COMPENSATION
	PLAN (AMENDED AND RESTATED
	EFFECTIVE MARCH 1, 2013).
4.	PROPOSAL TO APPROVE, FOR	Mgmt	Against	Against
	PURPOSES OF SECTION 162(M) OF THE
	INTERNAL REVENUE CODE, THE HYSTER-
	YALE MATERIALS HANDLING, INC. LONG-
	TERM EQUITY INCENTIVE PLAN
	(EFFECTIVE SEPTEMBER 28, 2012).
5.	PROPOSAL TO APPROVE, ON AN	Mgmt	Against	Against
	ADVISORY BASIS, THE COMPANY’S
	EXECUTIVE COMPENSATION.
6.	PROPOSAL TO APPROVE, ON AN	Mgmt	1 Year	Against
	ADVISORY BASIS, THE FREQUENCY OF
	THE STOCKHOLDER VOTE TO APPROVE
	THE COMPANY ’S EXECUTIVE
	COMPENSATION.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 49 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
7.	PROPOSAL TO CONFIRM THE	Mgmt	For	For
	APPOINTMENT OF THE INDEPENDENT
	REGISTERED PUBLIC ACCOUNTING FIRM
	OF THE COMPANY FOR THE CURRENT
	FISCAL YEAR.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	82	82	0	18-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 50 of 112

DGHM SMALL CAP VALUE FUND

ICON PLC
Security: 45103T107	Agenda Number: 933661539
Ticker: ICLR	Meeting Type: Annual
ISIN: US45103T1079	Meeting Date: 19-Jul-12

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
O1.	TO RECEIVE THE ACCOUNTS AND	Mgmt	For	For
	REPORTS
O2.	TO RE-ELECT DR. RONAN LAMBE	Mgmt	For	For
O3.	TO RE-ELECT MR. CIARAN MURRAY	Mgmt	For	For
O4.	TO AUTHORISE THE FIXING OF THE	Mgmt	For	For
	AUDITORS’ REMUNERATION
S5.	TO AUTHORISE THE COMPANY TO ALLOT	Mgmt	For	For
	SHARES
S6.	TO DISAPPLY THE STATUTORY PRE-	Mgmt	For	For
	EMPTION RIGHTS

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 51 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
S7.	TO AUTHORISE THE COMPANY TO	Mgmt	For	For
	PURCHASE ITS SHARES

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	128	128	0	02-Jul-12

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 52 of 112

DGHM SMALL CAP VALUE FUND

ICON PLC
Security: 45103T107	Agenda Number: 933710419
Ticker: ICLR	Meeting Type: Special
ISIN: US45103T1079	Meeting Date: 17-Dec-12

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
S1.	TO APPROVE THE CONVERSION TO A	Mgmt	For	For
	DIRECT LISTING ON NASDAQ
S2.	TO APPROVE THE AMENDED ARTICLES	Mgmt	For	For
	OF ASSOCIATION
S3.	TO AUTHORIZE THE COMPANY TO	Mgmt	For	For
	PURCHASE ITS SHARES

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	217	217	0	21-Nov-12

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 53 of 112

DGHM SMALL CAP VALUE FUND

ICU MEDICAL, INC.
Security: 44930G107	Agenda Number: 933768547
Ticker: ICUI	Meeting Type: Annual
ISIN: US44930G1076	Meeting Date: 10-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1      GEORGE A. LOPEZ	Mgmt	For	For
	2      ROBERT S. SWINNEY	Mgmt	For	For
2.	TO RE-APPROVE THE 2008	Mgmt	For	For
	PERFORMANCE-BASED INCENTIVE PLAN,
	AS AMENDED.
3.	TO RATIFY SELECTION OF DELOITTE &	Mgmt	For	For
	TOUCHE LLP AS AUDITORS FOR THE
	COMPANY.
4.	TO APPROVE NAMED EXECUTIVE	Mgmt	For	For
	OFFICER COMPENSATION ON AN
	ADVISORY BASIS.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	77	77	0	24-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 54 of 112

DGHM SMALL CAP VALUE FUND

KAISER ALUMINUM CORPORATION
Security: 483007704	Agenda Number: 933819217
Ticker: KALU	Meeting Type: Annual
ISIN: US4830077040	Meeting Date: 04-Jun-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1      ALFRED E. OSBORNE	Mgmt	For	For
	2      JACK QUINN	Mgmt	For	For
	3      THOMAS M. VAN LEEUWEN	Mgmt	For	For
2.	ADVISORY VOTE TO APPROVE	Mgmt	For	For
	COMPENSATION OF THE COMPANY’S
	NAMED EXECUTIVE OFFICERS AS
	DISCLOSED IN THE PROXY STATEMENT
3.	RATIFICATION OF THE SELECTION OF	Mgmt	For	For
	DELOITTE & TOUCHE LLP AS THE
	COMPANY’S INDEPENDENT REGISTERED
	PUBLIC ACCOUNTING FIRM FOR 2013

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	84	84	0	30-May-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 55 of 112

DGHM SMALL CAP VALUE FUND

KOPPERS HOLDINGS INC.
Security: 50060P106	Agenda Number: 933761846
Ticker: KOP	Meeting Type: Annual
ISIN: US50060P1066	Meeting Date: 02-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1      D.M. HILLENBRAND, PH.D.	Mgmt	For	For
	2      LOUIS L. TESTONI	Mgmt	For	For
2.	ADVISORY RESOLUTION TO APPROVE	Mgmt	For	For
	EXECUTIVE COMPENSATION.
3.	PROPOSAL TO RATIFY THE	Mgmt	For	For
	APPOINTMENT OF OUR INDEPENDENT
	REGISTERED PUBLIC ACCOUNTING FIRM
	FOR FISCAL YEAR 2013.
4.	SHAREHOLDER PROPOSAL REGARDING	Shr	Against	For
	MAJORITY VOTING FOR THE ELECTION
	OF DIRECTORS.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	152	152	0	09-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 56 of 112

DGHM SMALL CAP VALUE FUND

L.B. FOSTER COMPANY
Security: 350060109	Agenda Number: 933783171
Ticker: FSTR	Meeting Type: Annual
ISIN: US3500601097	Meeting Date: 23-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	ROBERT P. BAUER	Mgmt	For	For
	2	LEE B. FOSTER II	Mgmt	For	For
	3	PETER MCILROY II	Mgmt	For	For
	4	G. THOMAS MCKANE	Mgmt	For	For
	5	DIANE B. OWEN	Mgmt	For	For
	6	WILLIAM H. RACKOFF	Mgmt	For	For
	7	SUZANNE B. ROWLAND	Mgmt	For	For
2.	RATIFY APPOINTMENT OF ERNST &		Mgmt	For	For
	YOUNG LLP AS THE COMPANY’S
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTANTS FOR 2013.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 57 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
3.	ADVISORY VOTE TO APPROVE NAMED	Mgmt	For	For
	EXECUTIVE OFFICER COMPENSATION.
4.	APPROVING THE L.B. FOSTER COMPANY	Mgmt	For	For
	EXECUTIVE ANNUAL INCENTIVE
	COMPENSATION PLAN, AS AMENDED AND
	RESTATED.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	70	70	0	17-May-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 58 of 112

DGHM SMALL CAP VALUE FUND

MAIDEN HOLDINGS, LTD.
Security: G5753U112	Agenda Number: 933776734
Ticker: MHLD	Meeting Type: Annual
ISIN: BMG5753U1128	Meeting Date: 07-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	BARRY D. ZYSKIND$	Mgmt	For	For
	2	SIMCHA G. LYONS$	Mgmt	For	For
	3	RAYMOND M. NEFF$	Mgmt	For	For
	4	YEHUDA L. NEUBERGER$	Mgmt	For	For
	5	STEVEN H. NIGRO$	Mgmt	For	For
	6	DAVID A. LAMNECK*	Mgmt	For	For
	7	JOHN MARSHALECK*	Mgmt	For	For
	8	LAWRENCE F. METZ*	Mgmt	For	For
	9	ARTURO M. RASCHBAUM*	Mgmt	For	For
	10	PATRICK J. HAVERON#	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 59 of 112

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
	11	RONALD M. JUDD#	Mgmt	For	For
	12	JOHN MARSHALECK#	Mgmt	For	For
	13	LAWRENCE F. METZ#	Mgmt	For	For
	14	ARTURO M. RASCHBAUM#	Mgmt	For	For
4.	APPOINTMENT OF BDO USA, LLP AS		Mgmt	For	For
	MAIDEN HOLDINGS, LTD.’S AND MAIDEN
	GLOBAL HOLDINGS, LTD.’S INDEPENDENT
	REGISTERED PUBLIC ACCOUNTING FIRM
	FOR THE 2013 FISCAL YEAR, AND
	ARTHUR MORRIS AND COMPANY AS
	MAIDEN INSURANCE COMPANY LTD.’S
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM FOR THE 2013 FISCAL
	YEAR.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	616	616	0	24-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 60 of 112

DGHM SMALL CAP VALUE FUND

MUELLER INDUSTRIES, INC.
Security: 624756102	Agenda Number: 933773170
Ticker: MLI	Meeting Type: Annual
ISIN: US6247561029	Meeting Date: 02-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	GREGORY L. CHRISTOPHER	Mgmt	For	For
	2	PAUL J. FLAHERTY	Mgmt	For	For
	3	GENNARO J. FULVIO	Mgmt	For	For
	4	GARY S. GLADSTEIN	Mgmt	For	For
	5	SCOTT J. GOLDMAN	Mgmt	For	For
	6	TERRY HERMANSON	Mgmt	For	For
2.	APPROVE THE APPOINTMENT OF ERNST		Mgmt	For	For
	& YOUNG LLP AS INDEPENDENT
	AUDITORS OF THE COMPANY.
3.	TO APPROVE, ON AN ADVISORY BASIS BY		Mgmt	For	For
	NON-BINDING VOTE, EXECUTIVE
	COMPENSATION.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 61 of 112

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	118	118	0	19-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 62 of 112

DGHM SMALL CAP VALUE FUND

NACCO INDUSTRIES, INC.
Security: 629579103	Agenda Number: 933758849
Ticker: NC	Meeting Type: Annual
ISIN: US6295791031	Meeting Date: 07-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	JOHN P. JUMPER	Mgmt	For	For
	2	DENNIS W. LABARRE	Mgmt	For	For
	3	RICHARD DE J. OSBORNE	Mgmt	For	For
	4	ALFRED M. RANKIN, JR.	Mgmt	For	For
	5	JAMES A. RATNER	Mgmt	For	For
	6	BRITTON T. TAPLIN	Mgmt	Withheld	Against
	7	DAVID F. TAPLIN	Mgmt	For	For
	8	JOHN F. TURBEN	Mgmt	For	For
	9	DAVID B.H. WILLIAMS	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 63 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
2.	PROPOSAL TO APPROVE, FOR	Mgmt	Against	Against
	PURPOSES OF SECTION 162(M) OF THE
	INTERNAL REVENUE CODE, THE NACCO
	INDUSTRIES, INC. ANNUAL INCENTIVE
	COMPENSATION PLAN (EFFECTIVE
	SEPTEMBER 28, 2012).
3.	PROPOSAL TO RATIFY THE	Mgmt	For	For
	APPOINTMENT OF THE INDEPENDENT
	REGISTERED PUBLIC ACCOUNTING FIRM
	OF THE COMPANY FOR THE CURRENT
	FISCAL YEAR.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	21	21	0	10-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 64 of 112

DGHM SMALL CAP VALUE FUND

NATIONAL PENN BANCSHARES, INC.
Security: 637138108	Agenda Number: 933763458
Ticker: NPBC	Meeting Type: Annual
ISIN: US6371381087	Meeting Date: 23-Apr-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	CHRISTIAN F. MARTIN IV	Mgmt	For	For
	2	R. CHADWICK PAUL JR.	Mgmt	For	For
	3	C. ROBERT ROTH	Mgmt	For	For
	4	WAYNE R. WEIDNER	Mgmt	For	For
2.	RATIFICATION OF NATIONAL PENN’S		Mgmt	For	For
	INDEPENDENT AUDITORS FOR 2013.
3.	AN ADVISORY (NON-BINDING) PROPOSAL		Mgmt	For	For
	TO APPROVE THE COMPENSATION OF
	NATIONAL PENN’S EXECUTIVE OFFICERS.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	690	690	0	03-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 65 of 112

DGHM SMALL CAP VALUE FUND

NETSCOUT SYSTEMS, INC.
Security: 64115T104	Agenda Number: 933668038
Ticker: NTCT	Meeting Type: Annual
ISIN: US64115T1043	Meeting Date: 21-Aug-12

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1      VICTOR A. DEMARINES	Mgmt	For	For
	2      VINCENT J. MULLARKEY	Mgmt	For	For
2.	TO RATIFY THE SELECTION OF	Mgmt	For	For
	PRICEWATERHOUSECOOPERS LLP TO
	SERVE AS OUR INDEPENDENT
	REGISTERED PUBLIC ACCOUNTING FIRM
	FOR THE FISCAL YEAR ENDING MARCH
	31, 2013.
3.	TO APPROVE, ON AN ADVISORY BASIS,	Mgmt	For	For
	THE COMPENSATION OF OUR NAMED
	EXECUTIVE OFFICERS, AS DISCLOSED IN
	THIS PROXY STATEMENT IN
	ACCORDANCE WITH SECURITIES
	EXCHANGE COMMISSION RULES.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	54	54	0	07-Aug-12

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 66 of 112

DGHM SMALL CAP VALUE FUND

OLD DOMINION FREIGHT LINE, INC.
Security: 679580100	Agenda Number: 933808276
Ticker: ODFL	Meeting Type: Annual
ISIN: US6795801009	Meeting Date: 31-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	EARL E. CONGDON	Mgmt	For	For
	2	DAVID S. CONGDON	Mgmt	For	For
	3	JOHN R. CONGDON	Mgmt	For	For
	4	J. PAUL BREITBACH	Mgmt	For	For
	5	JOHN R. CONGDON, JR.	Mgmt	For	For
	6	ROBERT G. CULP, III	Mgmt	For	For
	7	JOHN D. KASARDA	Mgmt	For	For
	8	LEO H. SUGGS	Mgmt	For	For
	9	D. MICHAEL WRAY	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 67 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
2.	ADVISORY VOTE TO APPROVE THE	Mgmt	For	For
	COMPENSATION OF THE COMPANY’S
	NAMED EXECUTIVE OFFICERS AS
	DISCLOSED IN THE ACCOMPANYING
	PROXY STATEMENT.
3.	REAPPROVAL OF MATERIAL TERMS OF	Mgmt	For	For
	THE OLD DOMINION FREIGHT LINE, INC.
	PERFORMANCE INCENTIVE PLAN.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	210	210	0	17-May-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 68 of 112

DGHM SMALL CAP VALUE FUND

OLD NATIONAL BANCORP
Security: 680033107	Agenda Number: 933746464
Ticker: ONB	Meeting Type: Annual
ISIN: US6800331075	Meeting Date: 09-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	ALAN W. BRAUN	Mgmt	For	For
	2	LARRY E. DUNIGAN	Mgmt	For	For
	3	NIEL C. ELLERBROOK	Mgmt	For	For
	4	ANDREW E. GOEBEL	Mgmt	For	For
	5	ROBERT G. JONES	Mgmt	For	For
	6	PHELPS L. LAMBERT	Mgmt	For	For
	7	ARTHUR H. MCELWEE, JR.	Mgmt	For	For
	8	JAMES T. MORRIS	Mgmt	For	For
	9	RANDALL T. SHEPARD	Mgmt	For	For
	10	KELLY N. STANLEY	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 69 of 112

Prop. #		Proposal	Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
	11	LINDA E. WHITE	Mgmt	For	For
2.	ADVISORY APPROVAL OF THE		Mgmt	For	For
	COMPANY’S EXECUTIVE COMPENSATION.
3.	RATIFICATION OF THE APPOINTMENT OF		Mgmt	For	For
	CROWE HORWATH LLP AS THE
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM OF THE COMPANY
	FOR THE FISCAL YEAR ENDING
	DECEMBER 31, 2013.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	615	615	0	18-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 70 of 112

DGHM SMALL CAP VALUE FUND

PAPA JOHN’S INTERNATIONAL, INC.
Security: 698813102	Agenda Number: 933758661
Ticker: PZZA	Meeting Type: Annual
ISIN: US6988131024	Meeting Date: 01-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: NORBORNE P.	Mgmt	For	For
	COLE, JR.
1B.	ELECTION OF DIRECTOR: CHRISTOPHER	Mgmt	For	For
	L. COLEMAN
2.	RATIFICATION OF THE SELECTION OF	Mgmt	For	For
	INDEPENDENT AUDITORS: TO RATIFY THE
	SELECTION OF ERNST & YOUNG LLP AS
	THE COMPANY ’S INDEPENDENT
	AUDITORS FOR THE 2013 FISCAL YEAR.
3.	ADVISORY APPROVAL OF THE	Mgmt	For	For
	COMPANY’S EXECUTIVE COMPENSATION.
4.	SHAREHOLDER RESOLUTION	Shr	Against	For
	REGARDING POLLED CATTLE.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	95	95	0	16-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 71 of 112

DGHM SMALL CAP VALUE FUND

PAREXEL INTERNATIONAL CORPORATION
Security: 699462107	Agenda Number: 933700521
Ticker: PRXL	Meeting Type: Annual
ISIN: US6994621075	Meeting Date: 06-Dec-12

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1      DUARD E. HOLDENER	Mgmt	For	For
	2      ICHARD L. LOVE	Mgmt	For	For
2.	APPROVE, IN AN ADVISORY VOTE, THE	Mgmt	For	For
	COMPENSATION OF OUR NAMED
	EXECUTIVE OFFICERS AS PRESENTED IN
	THE PROXY STATEMENT.
3.	APPROVE AN AMENDMENT TO OUR 2010	Mgmt	For	For
	STOCK INCENTIVE PLAN TO INCREASE
	THE MAXIMUM NUMBER OF SHARES
	AVAILABLE FOR ISSUANCE UNDER THE
	PLAN BY 3,000,000 SHARES.
4.	APPROVE AN AMENDMENT TO OUR	Mgmt	For	For
	RESTATED ARTICLES OF ORGANIZATION,
	AS AMENDED, TO INCREASE THE
	NUMBER OF AUTHORIZED SHARES OF
	COMMON STOCK, $.01 PAR VALUE PER
	SHARE, FROM 75,000,000 TO 150,000,000.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 72 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
5.	TO RATIFY THE SELECTION OF ERNST &	Mgmt	For	For
	YOUNG LLP AS THE COMPANY’S
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM FOR THE FISCAL
	YEAR ENDING JUNE 30, 2013.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	138	138	0	21-Nov-12

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 73 of 112

DGHM SMALL CAP VALUE FUND

PDC ENERGY INC
Security: 69327R101	Agenda Number: 933801676
Ticker: PDCE	Meeting Type: Annual
ISIN: US69327R1014	Meeting Date: 06-Jun-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1      ARRY F. MAZZA	Mgmt	For	For
	2      AMES M. TRIMBLE	Mgmt	For	For
2.	TO RATIFY THE SELECTION OF	Mgmt	For	For
	PRICEWATERHOUSECOOPERS LLP AS
	THE INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM FOR THE COMPANY
	FOR THE YEAR ENDING DECEMBER 31,
	2013.
3.	TO APPROVE, ON AN ADVISORY BASIS,	Mgmt	For	For
	THE COMPENSATION OF THE COMPANY’S
	NAMED EXECUTIVE OFFICERS.
4.	TO APPROVE AN AMENDED AND	Mgmt	For	For
	RESTATED 2010 LONG-TERM EQUITY
	COMPENSATION PLAN FOR THE
	COMPANY.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	147	147	0	31-May-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 74 of 112

DGHM SMALL CAP VALUE FUND

PINNACLE WEST CAPITAL CORPORATION
Security: 723484101	Agenda Number: 933763066
Ticker: PNW	Meeting Type: Annual
ISIN: US7234841010	Meeting Date: 15-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	EDWARD N. BASHA, JR.	Mgmt	For	For
	2	DONALD E. BRANDT	Mgmt	For	For
	3	SUSAN CLARK-JOHNSON	Mgmt	For	For
	4	DENIS A. CORTESE, M.D.	Mgmt	For	For
	5	MICHAEL L. GALLAGHER	Mgmt	For	For
	6	R.A. HERBERGER, JR, PHD	Mgmt	For	For
	7	DALE E. KLEIN, PH.D.	Mgmt	For	For
	8	HUMBERTO S. LOPEZ	Mgmt	For	For
	9	KATHRYN L. MUNRO	Mgmt	For	For
	10	BRUCE J. NORDSTROM	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 75 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
2.	VOTE ON AN ADVISORY RESOLUTION TO	Mgmt	For	For
	APPROVE EXECUTIVE COMPENSATION
	AS DISCLOSED IN THE 2013 PROXY
	STATEMENT.
3.	RATIFY THE APPOINTMENT OF THE	Mgmt	For	For
	COMPANY’S INDEPENDENT
	ACCOUNTANTS FOR THE YEAR ENDING
	DECEMBER 31, 2013.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	93	93	0	01-May-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 76 of 112

DGHM SMALL CAP VALUE FUND

PIPER JAFFRAY COMPANIES
Security: 724078100	Agenda Number: 933751756
Ticker: PJC	Meeting Type: Annual
ISIN: US7240781002	Meeting Date: 08-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	ANDREW S. DUFF	Mgmt	For	For
	2	MICHAEL R. FRANCIS	Mgmt	For	For
	3	B. KRISTINE JOHNSON	Mgmt	For	For
	4	ADDISON L. PIPER	Mgmt	For	For
	5	LISA K. POLSKY	Mgmt	For	For
	6	PHILIP E. SORAN	Mgmt	For	For
	7	MICHELE VOLPI	Mgmt	For	For
	8	HOPE B. WOODHOUSE	Mgmt	For	For
2.	RATIFICATION OF THE SELECTION OF		Mgmt	For	For
	ERNST & YOUNG LLP AS THE
	INDEPENDENT AUDITOR FOR THE YEAR
	ENDING DECEMBER 31, 2013.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 77 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
3.	APPROVAL OF THE AMENDED AND	Mgmt	For	For
	RESTATED 2003 ANNUAL AND LONG-
	TERM INCENTIVE PLAN.
4.	ADVISORY RESOLUTION APPROVING THE	Mgmt	For	For
	COMPENSATION OF THE OFFICERS
	DISCLOSED IN THE PROXY STATEMENT,
	OR A "SAY-ON-PAY" VOTE.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	89	89	0	18-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 78 of 112

DGHM SMALL CAP VALUE FUND

POLYONE CORPORATION
Security: 73179P106	Agenda Number: 933764791
Ticker: POL	Meeting Type: Annual
ISIN: US73179P1066	Meeting Date: 15-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	SANDRA BEACH LIN	Mgmt	For	For
	2	DR. CAROL A. CARTWRIGHT	Mgmt	For	For
	3	RICHARD H. FEARON	Mgmt	For	For
	4	GREGORY J. GOFF	Mgmt	For	For
	5	GORDON D. HARNETT	Mgmt	For	For
	6	RICHARD A. LORRAINE	Mgmt	For	For
	7	STEPHEN D. NEWLIN	Mgmt	For	For
	8	WILLIAM H. POWELL	Mgmt	For	For
	9	FARAH M. WALTERS	Mgmt	For	For
	10	WILLIAM A. WULFSOHN	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 79 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
2.	PROPOSAL TO APPROVE THE ADVISORY	Mgmt	For	For
	RESOLUTION ON NAMED EXECUTIVE
	OFFICER COMPENSATION.
3.	PROPOSAL TO RATIFY THE	Mgmt	For	For
	APPOINTMENT OF ERNST & YOUNG LLP
	AS INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM FOR THE YEAR
	ENDING DECEMBER 31, 2013.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	321	321	0	30-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 80 of 112

DGHM SMALL CAP VALUE FUND

PORTLAND GENERAL ELECTRIC CO
Security: 736508847	Agenda Number: 933777243
Ticker: POR	Meeting Type: Annual
ISIN: US7365088472	Meeting Date: 22-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	JOHN W. BALLANTINE	Mgmt	For	For
	2	RODNEY L. BROWN, JR.	Mgmt	For	For
	3	JACK E. DAVIS	Mgmt	For	For
	4	DAVID A. DIETZLER	Mgmt	For	For
	5	KIRBY A. DYESS	Mgmt	For	For
	6	MARK B. GANZ	Mgmt	For	For
	7	CORBIN A. MCNEILL, JR.	Mgmt	For	For
	8	NEIL J. NELSON	Mgmt	For	For
	9	M. LEE PELTON	Mgmt	For	For
	10	JAMES J. PIRO	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 81 of 112

Prop. #		Proposal	Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
	11	ROBERT T.F. REID	Mgmt	For	For
2.	TO APPROVE, BY A NON-BINDING VOTE,		Mgmt	For	For
	THE COMPENSATION OF NAMED
	EXECUTIVE OFFICERS.
3.	TO APPROVE THE PERFORMANCE		Mgmt	For	For
	CRITERIA UNDER THE AMENDED AND
	RESTATED PORTLAND GENERAL
	ELECTRIC COMPANY 2006 STOCK
	INCENTIVE PLAN.
4.	TO APPROVE THE PORTLAND GENERAL		Mgmt	For	For
	ELECTRIC COMPANY 2008 ANNUAL CASH
	INCENTIVE MASTER PLAN FOR
	EXECUTIVE OFFICERS.
5.	TO RATIFY THE APPOINTMENT OF		Mgmt	For	For
	DELOITTE AND TOUCHE LLP AS THE
	COMPANY’S INDEPENDENT REGISTERED
	PUBLIC ACCOUNTING FIRM FOR FISCAL
	YEAR 2013.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	224	224	0	15-May-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 82 of 112

DGHM SMALL CAP VALUE FUND

PRECISION DRILLING CORPORATION
Security: 74022D308	Agenda Number: 933781266
Ticker: PDS	Meeting Type: Annual and Special
ISIN: CA74022D3085	Meeting Date: 08-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
01	DIRECTOR
	1	WILLIAM T. DONOVAN	Mgmt	For	For
	2	BRIAN J. GIBSON	Mgmt	For	For
	3	ALLEN R. HAGERMAN	Mgmt	For	For
	4	CATHERINE HUGHES	Mgmt	For	For
	5	STEPHEN J.J. LETWIN	Mgmt	For	For
	6	KEVIN O. MEYERS	Mgmt	For	For
	7	PATRICK M. MURRAY	Mgmt	For	For
	8	KEVIN A. NEVEU	Mgmt	For	For
	9	ROBERT L. PHILLIPS	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 83 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
02	APPOINTING KPMG LLP, CHARTERED	Mgmt	For	For
	ACCOUNTANTS, AS THE AUDITOR OF THE
	CORPORATION AND AUTHORIZING THE
	BOARD OF DIRECTORS TO FIX AUDITOR’S
	FEES, FOR THE ENSUING YEAR;
03	CONFIRMING THE REPEAL OF THE	Mgmt	For	For
	CORPORATION ’S BY-LAWS AND
	ADOPTION OF NEW BY-LAWS;
04	ACCEPTING THE CORPORATION’S	Mgmt	For	For
	APPROACH TO EXECUTIVE
	COMPENSATION, ON AN ADVISORY BASIS
	("SAY ON PAY");
05	APPROVING AN AMENDMENT TO THE	Mgmt	For	For
	CORPORATION ’S STOCK OPTION PLAN;
06	CONFIRMING THE CONTINUATION OF	Mgmt	Against	Against
	AND REVISIONS TO THE CORPORATION’S
	SHAREHOLDER RIGHTS PLAN.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	750	750	0	24-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 84 of 112

DGHM SMALL CAP VALUE FUND

PROVIDENT FINANCIAL SERVICES, INC.
Security: 74386T105	Agenda Number: 933743937
Ticker: PFS	Meeting Type: Annual
ISIN: US74386T1051	Meeting Date: 25-Apr-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1      HOMAS W. BERRY	Mgmt	For	For
	2      RANK L. FEKETE	Mgmt	For	For
	3      ATTHEW K. HARDING	Mgmt	For	For
	4      HOMAS B. HOGAN JR.	Mgmt	For	For
2.	THE APPROVAL (NON-BINDING) OF	Mgmt	For	For
	EXECUTIVE COMPENSATION.
3.	THE RATIFICATION OF THE	Mgmt	For	For
	APPOINTMENT OF KPMG LLP AS THE
	COMPANY’S INDEPENDENT REGISTERED
	PUBLIC ACCOUNTING FIRM FOR THE
	YEAR ENDING DECEMBER 31, 2013.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	466	466	0	05-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 85 of 112

DGHM SMALL CAP VALUE FUND

QLOGIC CORPORATION
Security: 747277101	Agenda Number: 933669458
Ticker: QLGC	Meeting Type: Annual
ISIN: US7472771010	Meeting Date: 23-Aug-12

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: SIMON	Mgmt	For	For
	BIDDISCOMBE
1B.	ELECTION OF DIRECTOR: H.K. DESAI	Mgmt	For	For
1C.	ELECTION OF DIRECTOR: BALAKRISHNAN	Mgmt	For	For
	S. IYER
1D.	ELECTION OF DIRECTOR: KATHRYN B.	Mgmt	For	For
	LEWIS
1E.	ELECTION OF DIRECTOR: D. SCOTT	Mgmt	For	For
	MERCER
1F.	ELECTION OF DIRECTOR: GEORGE D.	Mgmt	For	For
	WELLS

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 86 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1G.	ELECTION OF DIRECTOR: WILLIAM M.	Mgmt	For	For
	ZEITLER
2.	ADVISORY VOTE TO APPROVE THE	Mgmt	For	For
	COMPENSATION OF THE COMPANY’S
	NAMED EXECUTIVE OFFICERS AS SET
	FORTH IN THE ACCOMPANYING PROXY
	STATEMENT.
3.	RATIFICATION OF APPOINTMENT OF	Mgmt	For	For
	KPMG LLP AS INDEPENDENT
	REGISTERED PUBLIC ACCOUNTING FIRM.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	262	262	0	07-Aug-12

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 87 of 112

DGHM SMALL CAP VALUE FUND

QUEST SOFTWARE, INC.
Security: 74834T103	Agenda Number: 933682747
Ticker: QSFT	Meeting Type: Special
ISIN: US74834T1034	Meeting Date: 25-Sep-12

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	TO ADOPT THE AGREEMENT & PLAN OF	Mgmt	For	For
	MERGER (THE "MERGER AGREEMENT")
	AMONG THE COMPANY, DELL INC., A
	DELAWARE CORPORATION ("PARENT") &
	DIAMOND MERGER SUB INC. A
	DELAWARE CORPORATION & WHOLLY
	OWNED SUBSIDIARY OF PARENT
	("MERGER SUB") PROVIDING FOR THE
	MERGER OF MERGER SUB WITH & INTO
	THE COMPANY ("MERGER"), WITH THE
	COMPANY SURVIVING THE MERGER AS A
	WHOLLY OWNED SUBSIDIARY OF
	PARENT.
2.	TO CONSIDER AND VOTE ON A NON-	Mgmt	For	For
	BINDING, ADVISORY PROPOSAL TO
	APPROVE THE COMPENSATION THAT
	MAY BECOME PAYABLE TO THE
	COMPANY’S NAMED EXECUTIVE
	OFFICERS IN CONNECTION WITH THE
	COMPLETION OF THE MERGER.
3.	TO APPROVE THE ADJOURNMENT OF	Mgmt	For	For
	THE SPECIAL MEETING, IF NECESSARY
	OR APPROPRIATE, TO SOLICIT
	ADDITIONAL PROXIES IF THERE ARE
	INSUFFICIENT VOTES AT THE TIME OF
	THE SPECIAL MEETING TO ADOPT THE
	MERGER AGREEMENT.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 88 of 112

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	118	118	0	20-Sep-12

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 89 of 112

DGHM SMALL CAP VALUE FUND

RELIANCE STEEL & ALUMINUM CO.
Security: 759509102	Agenda Number: 933773966
Ticker: RS	Meeting Type: Annual
ISIN: US7595091023	Meeting Date: 15-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	SARAH J. ANDERSON	Mgmt	For	For
	2	JOHN G. FIGUEROA	Mgmt	For	For
	3	THOMAS W. GIMBEL	Mgmt	For	For
	4	DAVID H. HANNAH	Mgmt	For	For
	5	DOUGLAS M. HAYES	Mgmt	For	For
	6	MARK V. KAMINSKI	Mgmt	For	For
	7	GREGG J. MOLLINS	Mgmt	For	For
	8	ANDREW G. SHARKEY, III	Mgmt	For	For
	9	LESLIE A. WAITE	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 90 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
2.	TO APPROVE THE AMENDMENT TO THE	Mgmt	For	For
	AMENDED AND RESTATED STOCK
	OPTION AND RESTRICTED STOCK PLAN.
3.	TO APPROVE, ON A NON-BINDING,	Mgmt	For	For
	ADVISORY BASIS, THE COMPENSATION
	OF THE COMPANY ’S NAMED EXECUTIVE
	OFFICERS.
4.	TO CONSIDER A SHAREHOLDER	Shr	For	Against
	PROPOSAL TO SEPARATE THE ROLES OF
	CEO AND CHAIRMAN.
5.	TO RATIFY KPMG LLP AS THE	Mgmt	For	For
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM TO PERFORM THE
	ANNUAL AUDIT OF OUR 2013 FINANCIAL
	STATEMENTS.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	92	92	0	01-May-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 91 of 112

DGHM SMALL CAP VALUE FUND

REX ENERGY CORPORATION
Security: 761565100	Agenda Number: 933785707
Ticker: REXX	Meeting Type: Annual
ISIN: US7615651004	Meeting Date: 08-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	LANCE T. SHANER	Mgmt	For	For
	2	THOMAS C. STABLEY	Mgmt	For	For
	3	JOHN W. HIGBEE	Mgmt	For	For
	4	JOHN A. LOMBARDI	Mgmt	For	For
	5	ERIC L. MATTSON	Mgmt	For	For
	6	JOHN J. ZAK	Mgmt	For	For
2.	THE RATIFICATION OF THE		Mgmt	For	For
	APPOINTMENT OF KPMG LLP AS THE
	COMPANY’S INDEPENDENT REGISTERED
	PUBLIC ACCOUNTING FIRM FOR THE
	FISCAL YEAR ENDING DECEMBER 31,
	2013.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 92 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
3.	TO CONSIDER A NON-BINDING "SAY ON	Mgmt	For	For
	PAY" VOTE REGARDING THE
	COMPENSATION OF THE COMPANY’S
	NAMED EXECUTIVE OFFICERS, AS
	DESCRIBED IN THE COMPENSATION
	DISCUSSION AND ANALYSIS, EXECUTIVE
	COMPENSATION TABLES AND
	ACCOMPANYING NARRATIVE
	DISCLOSURES IN THIS PROXY
	STATEMENT.
4.	TO APPROVE THE COMPANY’S AMENDED	Mgmt	For	For
	AND RESTATED 2007 LONG-TERM
	INCENTIVE PLAN.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	474	474	0	19-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 93 of 112

DGHM SMALL CAP VALUE FUND

RUE21, INC.
Security: 781295100	Agenda Number: 933805458
Ticker: RUE	Meeting Type: Annual
ISIN: US7812951009	Meeting Date: 07-Jun-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1      ROBERT N. FISCH	Mgmt	For	For
	2      RNOLD S. BARRON	Mgmt	For	For
	3      RUCE L. HARTMAN	Mgmt	For	For
2.	ADVISORY APPROVAL OF NAMED	Mgmt	For	For
	EXECUTIVE OFFICER COMPENSATION.
3.	APPROVAL OF THE AMENDED AND	Mgmt	For	For
	RESTATED 2009 OMNIBUS INCENTIVE
	PLAN.
4.	APPROVAL OF THE ANNUAL INCENTIVE	Mgmt	For	For
	BONUS PLAN.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 94 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
5.	RATIFICATION OF INDEPENDENT PUBLIC	Mgmt	For	For
	ACCOUNTING FIRM FOR FISCAL YEAR
	2013.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	144	144	0	03-Jun-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 95 of 112

DGHM SMALL CAP VALUE FUND

SANDY SPRING BANCORP, INC.
Security: 800363103	Agenda Number: 933763472
Ticker: SASR	Meeting Type: Annual
ISIN: US8003631038	Meeting Date: 01-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	RALPH F. BOYD, JR.	Mgmt	For	For
	2	ROBERT E. HENEL, JR.	Mgmt	For	For
	3	GARY G. NAKAMOTO	Mgmt	For	For
	4	DENNIS A. STARLIPER	Mgmt	For	For
	5	MEI XU	Mgmt	For	For
2.	A NON-BINDING RESOLUTION TO		Mgmt	For	For
	APPROVE THE COMPENSATION OF THE
	NAMED EXECUTIVE OFFICERS.
3.	THE RATIFICATION OF THE		Mgmt	For	For
	APPOINTMENT OF ERNST & YOUNG LLP,
	AS THE INDEPENDENT REGISTERED
	PUBLIC ACCOUNTING FIRM FOR 2013.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 96 of 112

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	289	289	0	08-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 97 of 112

DGHM SMALL CAP VALUE FUND

SCHOLASTIC CORPORATION
Security: 807066105	Agenda Number: 933675906
Ticker: SCHL	Meeting Type: Annual
ISIN: US8070661058	Meeting Date: 19-Sep-12

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	JAMES W. BARGE	Mgmt	For	For
	2	MARIANNE CAPONNETTO	Mgmt	For	For
	3	JOHN G. MCDONALD	Mgmt	For	For

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	97	97	0	29-Aug-12

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 98 of 112

DGHM SMALL CAP VALUE FUND

STEINER LEISURE LIMITED
Security: P8744Y102	Agenda Number: 933810714
Ticker: STNR	Meeting Type: Annual
ISIN: BSP8744Y1024	Meeting Date: 12-Jun-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1      CYNTHIA R. COHEN	Mgmt	For	For
	2      DENISE DICKINS	Mgmt	For	For
2.	RATIFICATION OF THE APPOINTMENT OF	Mgmt	For	For
	ERNST & YOUNG LLP AS THE COMPANY’S
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM FOR THE FISCAL
	YEAR ENDING DECEMBER 31, 2013.
3.	ADVISORY VOTE ON EXECUTIVE	Mgmt	For	For
	COMPENSATION.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	110	110	0	06-Jun-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 99 of 112

DGHM SMALL CAP VALUE FUND

SUN COMMUNITIES, INC.
Security: 866674104	Agenda Number: 933631889
Ticker: SUI	Meeting Type: Annual
ISIN: US8666741041	Meeting Date: 19-Jul-12

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: PAUL D.	Mgmt	For	For
	LAPIDES
1B.	ELECTION OF DIRECTOR: ROBERT H.	Mgmt	For	For
	NAFTALY
2.	RATIFY THE SELECTION OF GRANT	Mgmt	For	For
	THORNTON LLP AS THE COMPANY’S
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM FOR THE FISCAL
	YEAR ENDING DECEMBER 31, 2012.
3.	TO APPROVE, BY NON-BINDING VOTE,	Mgmt	For	For
	EXECUTIVE COMPENSATION.
4.	TO APPROVE THE FIRST AMENDED AND	Mgmt	For	For
	RESTATED 2004 NON-EMPLOYEE
	DIRECTOR OPTION PLAN.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	121	121	0	19-Jun-12

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 100 of 112

DGHM SMALL CAP VALUE FUND

SYKES ENTERPRISES, INCORPORATED
Security: 871237103	Agenda Number: 933801640
Ticker: SYKE	Meeting Type: Annual
ISIN: US8712371033	Meeting Date: 21-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1       PAUL L. WHITING	Mgmt	For	For
	2       LT GEN MP DELONG (RET)	Mgmt	For	For
	3       IAIN A. MACDONALD	Mgmt	For	For
2.	NON-BINDING ADVISORY VOTE TO	Mgmt	For	For
	APPROVE EXECUTIVE COMPENSATION.
3.	TO RATIFY THE APPOINTMENT OF	Mgmt	For	For
	DELOITTE & TOUCHE LLP AS
	INDEPENDENT AUDITORS OF THE
	COMPANY.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	509	509	0	14-May-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 101 of 112

DGHM SMALL CAP VALUE FUND

THE CATO CORPORATION
Security: 149205106	Agenda Number: 933808404
Ticker: CATO	Meeting Type: Annual
ISIN: US1492051065	Meeting Date: 23-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1       D. HARDING STOWE	Mgmt	For	For
	2       EDWARD I. WEISIGER, JR.	Mgmt	For	For
2.	PROPOSAL TO APPROVE THE CATO	Mgmt	For	For
	CORPORATION 2013 INCENTIVE
	COMPENSATION PLAN.
3.	PROPOSAL TO APPROVE THE CATO	Mgmt	For	For
	CORPORATION 2013 EMPLOYEE STOCK
	PURCHASE PLAN.
4.	PROPOSAL TO RATIFY THE SELECTION	Mgmt	For	For
	OF PRICEWATERHOUSECOOPERS LLP AS
	THE COMPANY ’S INDEPENDENT AUDITOR
	FOR FISCAL YEAR ENDING FEBRUARY 1,
	2014.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 102 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
5.	IN THEIR DISCRETION, THE PROXIES ARE	Mgmt	For	For
	AUTHORIZED TO VOTE UPON SUCH
	OTHER BUSINESS AS MAY PROPERLY
	COME BEFORE THE MEETING OR ANY
	ADJOURNMENTS THEREOF.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	200	200	0	14-May-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 103 of 112

DGHM SMALL CAP VALUE FUND

THE HANOVER INSURANCE GROUP, INC.
Security: 410867105	Agenda Number: 933765616
Ticker: THG	Meeting Type: Annual
ISIN: US4108671052	Meeting Date: 14-May-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR FOR TWO-YEAR	Mgmt	For	For
	TERM EXPIRING IN 2015: MICHAEL P.
	ANGELINI
1B.	ELECTION OF DIRECTOR FOR THREE-	Mgmt	For	For
	YEAR TERM EXPIRING IN 2016: P. KEVIN
	CONDRON
1C.	ELECTION OF DIRECTOR FOR THREE-	Mgmt	For	For
	YEAR TERM EXPIRING IN 2016:
	FREDERICK H. EPPINGER
1D.	ELECTION OF DIRECTOR FOR TWO-YEAR	Mgmt	For	For
	TERM EXPIRING IN 2015: NEAL F.
	FINNEGAN
2.	ADVISORY APPROVAL OF THE	Mgmt	For	For
	COMPANY’S EXECUTIVE COMPENSATION.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 104 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
3.	TO RATIFY THE APPOINTMENT OF	Mgmt	For	For
	PRICEWATERHOUSECOOPERS LLP AS
	THE INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM OF THE HANOVER
	INSURANCE GROUP, INC. FOR 2013.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	185	185	0	24-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 105 of 112

DGHM SMALL CAP VALUE FUND

THOR INDUSTRIES, INC.
Security: 885160101	Agenda Number: 933705773
Ticker: THO	Meeting Type: Annual
ISIN: US8851601018	Meeting Date: 11-Dec-12

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1.	DIRECTOR
	1      NDREW E. GRAVES	Mgmt	For	For
	2      LAN SIEGEL	Mgmt	For	For
	3      EOFFREY A. THOMPSON	Mgmt	For	For
2.	PROPOSAL TO RATIFY THE	Mgmt	For	For
	APPOINTMENT OF DELOITTE & TOUCHE
	LLP AS OUR INDEPENDENT REGISTERED
	PUBLIC ACCOUNTING FIRM FOR FISCAL
	YEAR 2013.
3.	SAY ON PAY - AN ADVISORY VOTE TO	Mgmt	For	For
	APPROVE THE COMPENSATION OF OUR
	NAMED EXECUTIVE OFFICERS.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	260	260	0	06-Dec-12

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 106 of 112

DGHM SMALL CAP VALUE FUND

VECTREN CORPORATION
Security: 92240G101	Agenda Number: 933753875
Ticker: VVC	Meeting Type: Annual
ISIN: US92240G1013	Meeting Date: 23-May-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	CARL L. CHAPMAN	Mgmt	For	For
	2	J.H. DEGRAFFENREIDT, JR	Mgmt	For	For
	3	NIEL C. ELLERBROOK	Mgmt	For	For
	4	JOHN D. ENGELBRECHT	Mgmt	For	For
	5	ANTON H. GEORGE	Mgmt	For	For
	6	MARTIN C. JISCHKE	Mgmt	For	For
	7	ROBERT G. JONES	Mgmt	For	For
	8	J. TIMOTHY MCGINLEY	Mgmt	For	For
	9	R. DANIEL SADLIER	Mgmt	For	For
	10	MICHAEL L. SMITH	Mgmt	For	For

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 107 of 112

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
	11	JEAN L. WOJTOWICZ	Mgmt	For	For
2.	APPROVE A NON-BINDING ADVISORY		Mgmt	For	For
	RESOLUTION APPROVING THE
	COMPENSATION OF THE NAMED
	EXECUTIVE OFFICERS.
3.	RATIFY THE REAPPOINTMENT OF		Mgmt	For	For
	DELOITTE & TOUCHE LLP AS THE
	INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM FOR VECTREN FOR
	2013.
4.	IF PRESENTED AT THE MEETING, A		Shr	Against	For
	SHAREHOLDER PROPOSAL BY THE
	UTILITY WORKERS UNION OF AMERICA
	REGARDING THE SEPARATION OF THE
	ROLES OF CHAIR OF THE BOARD OF
	DIRECTORS AND CHIEF EXECUTIVE
	OFFICER, WHICH THE BOARD OF
	DIRECTORS OPPOSES.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	201	201	0	08-May-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 108 of 112

DGHM SMALL CAP VALUE FUND

WEBSTER FINANCIAL CORPORATION
Security: 947890109	Agenda Number: 933748533
Ticker: WBS	Meeting Type: Annual
ISIN: US9478901096	Meeting Date: 25-Apr-13

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1A.	ELECTION OF DIRECTOR: JOEL S.	Mgmt	For	For
	BECKER
1B.	ELECTION OF DIRECTOR: DAVID A.	Mgmt	For	For
	COULTER
1C.	ELECTION OF DIRECTOR: ROBERT A.	Mgmt	For	For
	FINKENZELLER
1D.	ELECTION OF DIRECTOR: LAURENCE C.	Mgmt	For	For
	MORSE
1E.	ELECTION OF DIRECTOR: MARK PETTIE	Mgmt	For	For
1F.	ELECTION OF DIRECTOR: CHARLES W.	Mgmt	For	For
	SHIVERY

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 109 of 112

Prop. #	Proposal	Proposed	Proposal Vote	For/Against
		by		Management’s
				Recommendation
1G.	ELECTION OF DIRECTOR: JAMES C.	Mgmt	For	For
	SMITH
2.	TO APPROVE, ON A NON-BINDING,	Mgmt	For	For
	ADVISORY BASIS, THE COMPENSATION
	OF THE NAMED EXECUTIVE OFFICERS
	OF THE COMPANY.
3.	TO APPROVE THE QUALIFIED	Mgmt	For	For
	PERFORMANCE-BASED COMPENSATION
	PLAN FOR AN ADDITIONAL FIVE-YEAR
	TERM.
4.	TO RATIFY THE APPOINTMENT BY THE	Mgmt	For	For
	BOARD OF DIRECTORS OF KPMG LLP AS
	THE INDEPENDENT REGISTERED PUBLIC
	ACCOUNTING FIRM OF WEBSTER
	FINANCIAL CORPORATION FOR THE
	FISCAL YEAR ENDING DECEMBER
	31,2013.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	235	235	0	04-Apr-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 110 of 112

DGHM SMALL CAP VALUE FUND

WEIS MARKETS, INC.
Security: 948849104	Agenda Number: 933746717
Ticker: WMK	Meeting Type: Annual
ISIN: US9488491047	Meeting Date: 25-Apr-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1	DIRECTOR
	1	ROBERT F. WEIS	Mgmt	For	For
	2	JONATHAN H. WEIS	Mgmt	For	For
	3	DAVID J. HEPFINGER	Mgmt	For	For
	4	HAROLD G. GRABER	Mgmt	For	For
	5	EDWARD J. LAUTH III	Mgmt	For	For
	6	GERRALD B. SILVERMAN	Mgmt	For	For
	7	GLENN D. STEELE JR.	Mgmt	For	For
2	PROPOSAL TO RATIFY THE		Mgmt	For	For
	APPOINTMENT OF GRANT THORNTON
	LLP AS THE INDEPENDENT REGISTERED
	PUBLIC ACCOUNTING FIRM OF THE
	CORPORATION.

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 111 of 112

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
191518	SBCN	210	210	0	18-Mar-13

Investment Company Report

Meeting Date Range:	01-Jul-2012 - 30-Jun-2013	Report Date:	09-Jul-2013
			Page 112 of 112

DGHM SMALL CAP VALUE FUND

WESBANCO, INC.
Security: 950810101	Agenda Number: 933752366
Ticker: WSBC	Meeting Type: Annual
ISIN: US9508101014	Meeting Date: 17-Apr-13

Prop. #	Proposal		Proposed	Proposal Vote	For/Against
			by		Management’s
					Recommendation
1.	DIRECTOR
	1	CHRISTOPHER V. CRISS	Mgmt	For	For
	2	VAUGHN L. KIGER	Mgmt	For	For
	3	RICHARD G. SPENCER	Mgmt	For	For
	4	JAMES C. GARDILL	Mgmt	For	For
	5	HENRY L. SCHULHOFF	Mgmt	For	For
2.	ADVISORY (NON-BINDING) VOTE TO		Mgmt	For	For
	APPROVE EXECUTIVE COMPENSATION.

Account Number	Custodian	Ballot Shares	Voted Shares	Shares on Loan	Vote Date
19-1518	SBCN	249	249	0	02-Apr-13

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.

DGHM Investment Trust
(Registrant)

/s/ Jeffrey C. Baker
By (Signature and Title)
Name: Jeffrey C. Baker,
Title: Trustee and President

Date: August 22, 2013