Saturna Investment Trust (SSGFX) 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 REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-05071

SATURNA INVESTMENT TRUST
(Exact Name of Registrant as Specified in Charter)

1300 N. State Street
Bellingham, Washington 98225-4730
(Address of Principal Executive Offices, including ZIP Code)

Nicholas F. Kaiser
1300 N. State Street
Bellingham, Washington 98225-4730
(Name and Address of Agent for Service)

Registrant's Telephone Number — (360) 734-9900

Date of fiscal year end: November 30, 2016
Date of reporting period: June 30, 2016

Saturna Investment Trust, Sextant Growth Fund (SSGFX) Proxy Voting Record relating to shareholder meetings held from July 1, 2015 through June 30, 2016
POWER SOLUTIONS INTERNATIONAL, INC.
Security				73933G202	Meeting Type			Annual
Ticker Symbol				PSIX	Meeting Date			13-Aug-2015
ISIN				US73933G2021	Agenda			934262469 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	RE-ELECTION OF DIRECTOR: GARY S. WINEMASTER				Management	For	For
2.	RE-ELECTION OF DIRECTOR: KENNETH W. LANDINI				Management	For	For
3.	RE-ELECTION OF DIRECTOR: JAY J. HANSEN				Management	For	For
4.	RE-ELECTION OF DIRECTOR: MARY E. VOGT				Management	For	For
5.	TO APPROVE, IN A NON-BINDING ADVISORY VOTE, THE COMPENSATION PAID TO OUR NAMED EXECUTIVE OFFICERS AS SET FORTH IN THE PROXY STATEMENT				Management	For	For
6.	TO RATIFY THE APPOINTMENT BY BOARD OF DIRECTORS OF THE INDEPENDENT PUBLIC ACCOUNTING FIRM MCGLADREY LLP AS THE INDEPENDENT AUDITORS OF THE COMPANY'S FINANCIAL STATEMENTS FOR THE YEAR ENDING DECEMBER 31, 2015				Management	For	For
MICROCHIP TECHNOLOGY INCORPORATED
Security				595017104	Meeting Type			Annual
Ticker Symbol				MCHP	Meeting Date			14-Aug-2015
ISIN				US5950171042	Agenda			934260124 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	DIRECTOR				Management
		1	STEVE SANGHI			For	For
		2	MATTHEW W. CHAPMAN			For	For
		3	L.B. DAY			For	For
		4	ESTHER L. JOHNSON			For	For
		5	WADE F. MEYERCORD			For	For
2.	PROPOSAL TO APPROVE THE ISSUANCE OF OUR SHARES UPON CONVERSION OF OUR SENIOR CONVERTIBLE DEBENTURES AS REQUIRED BY THE NASDAQ LISTING RULES SO THAT UPON FUTURE ADJUSTMENT OF THE CONVERSION RATE WE CAN MAINTAIN OUR CURRENT ACCOUNTING TREATMENT AND MAINTAIN THE FLEXIBILITY TO ISSUE SHARES UPON CONVERSION OF SUCH DEBENTURES.				Management	For	For
3.	PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF MICROCHIP FOR THE FISCAL YEAR ENDING MARCH 31, 2016.				Management	For	For
4.	PROPOSAL TO APPROVE, ON AN ADVISORY (NON-BINDING) BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVES.				Management	For	For
UNDER ARMOUR, INC.
Security				904311107	Meeting Type			Special
Ticker Symbol				UA	Meeting Date			26-Aug-2015
ISIN				US9043111072	Agenda			934261809 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	TO AMEND THE COMPANY'S CHARTER AS DESCRIBED IN THE PROXY STATEMENT TO: PROVIDE THAT EACH SHARE OF CLASS B COMMON STOCK WILL CONVERT INTO ONE SHARE OF CLASS A COMMON STOCK IF KEVIN PLANK SELLS MORE THAN A SPECIFIED NUMBER OF SHARES OF COMPANY COMMON STOCK IN ANY CALENDAR YEAR.				Management	For	For
1B.	TO AMEND THE COMPANY'S CHARTER AS DESCRIBED IN THE PROXY STATEMENT TO: PROVIDE THAT EACH SHARE OF CLASS B COMMON STOCK WILL CONVERT INTO ONE SHARE OF CLASS A COMMON STOCK IF KEVIN PLANK RESIGNS FROM THE COMPANY OR HIS EMPLOYMENT WITH THE COMPANY IS TERMINATED FOR CAUSE.				Management	For	For
1C.	TO AMEND THE COMPANY'S CHARTER AS DESCRIBED IN THE PROXY STATEMENT TO: PROVIDE FOR THE EQUAL TREATMENT OF SHARES OF CLASS A COMMON STOCK AND CLASS B COMMON STOCK IN CERTAIN TRANSACTIONS (THE "EQUAL TREATMENT PROVISION").				Management	For	For
1D.	TO AMEND THE COMPANY'S CHARTER AS DESCRIBED IN THE PROXY STATEMENT TO: ENHANCE BOARD INDEPENDENCE REQUIREMENTS (THE "BOARD INDEPENDENCE PROVISIONS")				Management	For	For
1E.	TO AMEND THE COMPANY'S CHARTER AS DESCRIBED IN THE PROXY STATEMENT TO: PROVIDE THAT THE EQUAL TREATMENT PROVISION AND THE BOARD INDEPENDENCE PROVISIONS CANNOT BE AMENDED UNLESS DECLARED ADVISABLE BY THE BOARD OF DIRECTORS (INCLUDING 75% OF THE INDEPENDENT DIRECTORS) AND APPROVED BY AT LEAST 75% OF THE VOTES ENTITLED TO BE CAST BY THE HOLDERS OF (1) THE CLASS A STOCK, VOTING AS A SINGLE CLASS, AND (2) THE CLASS B STOCK, VOTING AS A SINGLE CLASS.				Management	For	For
2.	TO AMEND THE COMPANY'S 2005 OMNIBUS LONG-TERM INCENTIVE PLAN TO ALLOW THE AWARD OF SHARES OF THE COMPANY'S CLASS C COMMON STOCK UNDER THE PLAN.				Management	For	For
3.	TO APPROVE THE ADOPTION OF A NEW CLASS C EMPLOYEE STOCK PURCHASE PLAN.				Management	For	For
HUDSON TECHNOLOGIES, INC.
Security				444144109	Meeting Type			Annual
Ticker Symbol				HDSN	Meeting Date			26-Aug-2015
ISIN				US4441441098	Agenda			934264007 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	DIRECTOR				Management
		1	VINCENT P. ABBATECOLA			For	For
		2	BRIAN F. COLEMAN			For	For
		3	OTTO C. MORCH			For	For
2.	APPROVAL OF THE AMENDMENT TO THE COMPANY'S CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK FROM 50,000,000 TO 100,000,000 SHARES.				Management	For	For
3.	TO APPROVE, BY NON-BINDING ADVISORY VOTE, THE RESOLUTION APPROVING NAMED EXECUTIVE OFFICER COMPENSATION.				Management	For	For
4.	TO RATIFY THE APPOINTMENT OF BDO USA, LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2015.				Management	For	For
NIKE, INC.
Security				654106103	Meeting Type			Annual
Ticker Symbol				NKE	Meeting Date			17-Sep-2015
ISIN				US6541061031	Agenda			934263459 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	DIRECTOR				Management
		1	ALAN B. GRAF, JR.			For	For
		2	JOHN C. LECHLEITER			For	For
		3	MICHELLE A. PELUSO			For	For
		4	PHYLLIS M. WISE			For	For
2.	TO APPROVE EXECUTIVE COMPENSATION BY AN ADVISORY VOTE.				Management	For	For
3.	TO AMEND THE ARTICLES OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK.				Management	For	For
4.	TO RE-APPROVE THE EXECUTIVE PERFORMANCE SHARING PLAN AS AMENDED.				Management	For	For
5.	TO APPROVE THE AMENDED AND RESTATED STOCK INCENTIVE PLAN.				Management	For	For
6.	TO CONSIDER A SHAREHOLDER PROPOSAL REGARDING POLITICAL CONTRIBUTIONS DISCLOSURE.				Shareholder	Against	Against
7.	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.				Management	For	For
ORACLE CORPORATION
Security				68389X105	Meeting Type			Annual
Ticker Symbol				ORCL	Meeting Date			18-Nov-2015
ISIN				US68389X1054	Agenda			934283083 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	DIRECTOR				Management
		1	JEFFREY S. BERG			For	For
		2	H. RAYMOND BINGHAM			For	For
		3	MICHAEL J. BOSKIN			For	For
		4	SAFRA A. CATZ			For	For
		5	BRUCE R. CHIZEN			For	For
		6	GEORGE H. CONRADES			For	For
		7	LAWRENCE J. ELLISON			For	For
		8	HECTOR GARCIA-MOLINA			For	For
		9	JEFFREY O. HENLEY			For	For
		10	MARK V. HURD			For	For
		11	LEON E. PANETTA			For	For
		12	NAOMI O. SELIGMAN			For	For
2.	RE-APPROVAL OF THE ORACLE CORPORATION EXECUTIVE BONUS PLAN.				Management	For	For
3.	ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION.				Management	For	For
4.	RATIFICATION OF THE SELECTION OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2016.				Management	For	For
5.	STOCKHOLDER PROPOSAL REGARDING RENEWABLE ENERGY TARGETS.				Shareholder	Against	Against
6.	STOCKHOLDER PROPOSAL REGARDING PROXY ACCESS.				Shareholder	Against	Against
7.	STOCKHOLDER PROPOSAL REGARDING QUANTIFIABLE PERFORMANCE METRICS.				Shareholder	Against	Against
8.	STOCKHOLDER PROPOSAL REGARDING AMENDMENT OF THE GOVERNANCE GUIDELINES.				Shareholder	Against	Against
9.	STOCKHOLDER PROPOSAL REGARDING VOTE TABULATION.				Shareholder	Against	Against
10.	STOCKHOLDER PROPOSAL REGARDING LOBBYING REPORT.				Shareholder	Against	Against
CISCO SYSTEMS, INC.
Security				17275R102	Meeting Type			Annual
Ticker Symbol				CSCO	Meeting Date			19-Nov-2015
ISIN				US17275R1023	Agenda			934284592 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: CAROL A. BARTZ				Management	For	For
1B.	ELECTION OF DIRECTOR: M. MICHELE BURNS				Management	For	For
1C.	ELECTION OF DIRECTOR: MICHAEL D. CAPELLAS				Management	For	For
1D.	ELECTION OF DIRECTOR: JOHN T. CHAMBERS				Management	For	For
1E.	ELECTION OF DIRECTOR: BRIAN L. HALLA				Management	For	For
1F.	ELECTION OF DIRECTOR: DR. JOHN L. HENNESSY				Management	For	For
1G.	ELECTION OF DIRECTOR: DR. KRISTINA M. JOHNSON				Management	For	For
1H.	ELECTION OF DIRECTOR: RODERICK C. MCGEARY				Management	For	For
1I.	ELECTION OF DIRECTOR: CHARLES H. ROBBINS				Management	For	For
1J.	ELECTION OF DIRECTOR: ARUN SARIN				Management	For	For
1K.	ELECTION OF DIRECTOR: STEVEN M. WEST				Management	For	For
2.	APPROVAL, ON AN ADVISORY BASIS, OF EXECUTIVE COMPENSATION.				Management	For	For
3.	RATIFICATION OF PRICEWATERHOUSECOOPERS LLP AS CISCO'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL 2016.				Management	For	For
4.	APPROVAL TO REQUEST THE BOARD MAKE EFFORTS TO IMPLEMENT A SET OF PRINCIPLES CALLED THE "HOLY LAND PRINCIPLES" APPLICABLE TO CORPORATIONS DOING BUSINESS IN PALESTINE-ISRAEL.				Shareholder	Against	Against
5.	APPROVAL TO REQUEST THE BOARD TO ADOPT, AND PRESENT FOR SHAREHOLDER APPROVAL, A "PROXY ACCESS" BYLAW AMENDMENT.				Shareholder	Against	Against
THE HAIN CELESTIAL GROUP, INC.
Security				405217100	Meeting Type			Annual
Ticker Symbol				HAIN	Meeting Date			19-Nov-2015
ISIN				US4052171000	Agenda			934287687 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	DIRECTOR				Management
		1	IRWIN D. SIMON			For	For
		2	RICHARD C. BERKE			For	For
		3	ANDREW R. HEYER			For	For
		4	RAYMOND W. KELLY			For	For
		5	ROGER MELTZER			For	For
		6	SCOTT M. O'NEIL			For	For
		7	ADRIANNE SHAPIRA			For	For
		8	LAWRENCE S. ZILAVY			For	For
2.	ON AN ADVISORY BASIS, THE COMPENSATION AWARDED TO THE NAMED EXECUTIVE OFFICERS FOR THE FISCAL YEAR ENDED JUNE 30, 2015, AS SET FORTH IN THIS PROXY STATEMENT.				Management	For	For
3.	THE RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP TO ACT AS REGISTERED INDEPENDENT ACCOUNTANTS OF THE COMPANY FOR THE FISCAL YEAR ENDING JUNE 30, 2016.				Management	For	For
4.	A STOCKHOLDER PROPOSAL REGARDING PROXY ACCESS.				Shareholder	For	For
MICROSOFT CORPORATION
Security				594918104	Meeting Type			Annual
Ticker Symbol				MSFT	Meeting Date			02-Dec-2015
ISIN				US5949181045	Agenda			934290329 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: WILLIAM H. GATES III				Management	For	For
1B.	ELECTION OF DIRECTOR: TERI L. LIST- STOLL				Management	For	For
1C.	ELECTION OF DIRECTOR: G. MASON MORFIT				Management	For	For
1D.	ELECTION OF DIRECTOR: SATYA NADELLA				Management	For	For
1E.	ELECTION OF DIRECTOR: CHARLES H. NOSKI				Management	For	For
1F.	ELECTION OF DIRECTOR: HELMUT PANKE				Management	For	For
1G.	ELECTION OF DIRECTOR: SANDRA E. PETERSON				Management	For	For
1H.	ELECTION OF DIRECTOR: CHARLES W. SCHARF				Management	For	For
1I.	ELECTION OF DIRECTOR: JOHN W. STANTON				Management	For	For
1J.	ELECTION OF DIRECTOR: JOHN W. THOMPSON				Management	For	For
1K.	ELECTION OF DIRECTOR: PADMASREE WARRIOR				Management	For	For
2.	ADVISORY VOTE ON EXECUTIVE COMPENSATION				Management	For	For
3.	RATIFICATION OF DELOITTE & TOUCHE LLP AS OUR INDEPENDENT AUDITOR FOR FISCAL YEAR 2016				Management	For	For
HARMAN INTERNATIONAL INDUSTRIES, INC.
Security				413086109	Meeting Type			Annual
Ticker Symbol				HAR	Meeting Date			09-Dec-2015
ISIN				US4130861093	Agenda			934293717 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: ADRIANE M. BROWN				Management	For	For
1B.	ELECTION OF DIRECTOR: JOHN W. DIERCKSEN				Management	For	For
1C.	ELECTION OF DIRECTOR: ANN M. KOROLOGOS				Management	For	For
1D.	ELECTION OF DIRECTOR: EDWARD H. MEYER				Management	For	For
1E.	ELECTION OF DIRECTOR: ROBERT NAIL				Management	For	For
1F.	ELECTION OF DIRECTOR: DINESH C. PALIWAL				Management	For	For
1G.	ELECTION OF DIRECTOR: ABRAHAM N. REICHENTAL				Management	For	For
1H.	ELECTION OF DIRECTOR: KENNETH M. REISS				Management	For	For
1I.	ELECTION OF DIRECTOR: HELLENE S. RUNTAGH				Management	For	For
1J.	ELECTION OF DIRECTOR: FRANK S. SKLARSKY				Management	For	For
1K.	ELECTION OF DIRECTOR: GARY G. STEEL				Management	For	For
2.	RATIFY THE APPOINTMENT OF KPMG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2016.				Management	For	For
3.	APPROVE THE AMENDMENT TO THE 2012 STOCK OPTION AND INCENTIVE PLAN, AS AMENDED.				Management	For	For
4.	APPROVE, BY NON-BINDING VOTE, EXECUTIVE COMPENSATION.				Management	For	For
MICRON TECHNOLOGY, INC.
Security				595112103	Meeting Type			Annual
Ticker Symbol				MU	Meeting Date			28-Jan-2016
ISIN				US5951121038	Agenda			934310765 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.1	ELECTION OF DIRECTOR: ROBERT L. BAILEY				Management	For	For
1.2	ELECTION OF DIRECTOR: RICHARD M. BEYER				Management	For	For
1.3	ELECTION OF DIRECTOR: PATRICK J. BYRNE				Management	For	For
1.4	ELECTION OF DIRECTOR: D. MARK DURCAN				Management	For	For
1.5	ELECTION OF DIRECTOR: MERCEDES JOHNSON				Management	For	For
1.6	ELECTION OF DIRECTOR: LAWRENCE N. MONDRY				Management	For	For
1.7	ELECTION OF DIRECTOR: ROBERT E. SWITZ				Management	For	For
2.	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING SEPTEMBER 1, 2016.				Management	For	For
3.	TO APPROVE A NON-BINDING RESOLUTION TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS AS DESCRIBED IN THE PROXY STATEMENT.				Management	For	For
4.	TO TRANSACT SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING OR ANY ADJOURNMENT THEREOF.				Management	For	For
ASHLAND INC.
Security				044209104	Meeting Type			Annual
Ticker Symbol				ASH	Meeting Date			28-Jan-2016
ISIN				US0442091049	Agenda			934311488 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: BRENDAN M. CUMMINS				Management	For	For
1B.	ELECTION OF DIRECTOR: ROGER W. HALE				Management	For	For
1C.	ELECTION OF DIRECTOR: VADA O. MANAGER				Management	For	For
1D.	ELECTION OF DIRECTOR: MARK C. ROHR				Management	For	For
1E.	ELECTION OF DIRECTOR: GEORGE A. SCHAEFER, JR.				Management	For	For
1F.	ELECTION OF DIRECTOR: JANICE J. TEAL				Management	For	For
1G.	ELECTION OF DIRECTOR: MICHAEL J. WARD				Management	For	For
2.	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR FISCAL 2016.				Management	For	For
3.	A NON-BINDING ADVISORY RESOLUTION APPROVING THE COMPENSATION PAID TO ASHLAND'S NAMED EXECUTIVE OFFICERS, AS DISCLOSED PURSUANT TO ITEM 402 OF REGULATION S-K, INCLUDING THE COMPENSATION DISCUSSION AND ANALYSIS, COMPENSATION TABLES AND NARRATIVE DISCUSSION.				Management	For	For
COSTCO WHOLESALE CORPORATION
Security				22160K105	Meeting Type			Annual
Ticker Symbol				COST	Meeting Date			29-Jan-2016
ISIN				US22160K1051	Agenda			934310359 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	DIRECTOR				Management
		1	HAMILTON E. JAMES			For	For
		2	W. CRAIG JELINEK			For	For
		3	JOHN W. STANTON			For	For
		4	MARY A. WILDEROTTER			For	For
2.	RATIFICATION OF SELECTION OF INDEPENDENT AUDITORS.				Management	For	For
3.	APPROVAL, ON AN ADVISORY BASIS, OF EXECUTIVE COMPENSATION.				Management	For	For
4.	SHAREHOLDER PROPOSAL REGARDING PROXY ACCESS FOR SHAREHOLDERS.				Shareholder	Against	Against
APPLE INC.
Security				037833100	Meeting Type			Annual
Ticker Symbol				AAPL	Meeting Date			26-Feb-2016
ISIN				US0378331005	Agenda			934319016 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: JAMES BELL				Management	For	For
1B.	ELECTION OF DIRECTOR: TIM COOK				Management	For	For
1C.	ELECTION OF DIRECTOR: AL GORE				Management	Against	For
1D.	ELECTION OF DIRECTOR: BOB IGER				Management	For	For
1E.	ELECTION OF DIRECTOR: ANDREA JUNG				Management	For	For
1F.	ELECTION OF DIRECTOR: ART LEVINSON				Management	For	For
1G.	ELECTION OF DIRECTOR: RON SUGAR				Management	For	For
1H.	ELECTION OF DIRECTOR: SUE WAGNER				Management	For	For
2.	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS APPLE'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2016				Management	For	For
3.	AN ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION				Management	For	For
4.	APPROVAL OF THE AMENDED AND RESTATED APPLE INC. 2014 EMPLOYEE STOCK PLAN				Management	For	For
5.	A SHAREHOLDER PROPOSAL ENTITLED "NET-ZERO GREENHOUSE GAS EMISSIONS BY 2030"				Shareholder	Against	Against
6.	A SHAREHOLDER PROPOSAL REGARDING DIVERSITY AMONG OUR SENIOR MANAGEMENT AND BOARD OF DIRECTORS				Shareholder	Against	Against
7.	A SHAREHOLDER PROPOSAL ENTITLED "HUMAN RIGHTS REVIEW – HIGH RISK REGIONS"				Shareholder	Against	Against
8.	A SHAREHOLDER PROPOSAL ENTITLED "SHAREHOLDER PROXY ACCESS"				Shareholder	Against	Against
THE WALT DISNEY COMPANY
Security				254687106	Meeting Type			Annual
Ticker Symbol				DIS	Meeting Date			03-Mar-2016
ISIN				US2546871060	Agenda			934321352 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: SUSAN E. ARNOLD				Management	For	For
1B.	ELECTION OF DIRECTOR: JOHN S. CHEN				Management	For	For
1C.	ELECTION OF DIRECTOR: JACK DORSEY				Management	For	For
1D.	ELECTION OF DIRECTOR: ROBERT A. IGER				Management	For	For
1E.	ELECTION OF DIRECTOR: MARIA ELENA LAGOMASINO				Management	For	For
1F.	ELECTION OF DIRECTOR: FRED H. LANGHAMMER				Management	For	For
1G.	ELECTION OF DIRECTOR: AYLWIN B. LEWIS				Management	For	For
1H.	ELECTION OF DIRECTOR: ROBERT W. MATSCHULLAT				Management	For	For
1I.	ELECTION OF DIRECTOR: MARK G. PARKER				Management	For	For
1J.	ELECTION OF DIRECTOR: SHERYL K. SANDBERG				Management	For	For
1K.	ELECTION OF DIRECTOR: ORIN C. SMITH				Management	For	For
2.	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY'S REGISTERED PUBLIC ACCOUNTANTS FOR 2016.				Management	For	For
3.	TO APPROVE THE ADVISORY RESOLUTION ON EXECUTIVE COMPENSATION.				Management	For	For
4.	TO APPROVE THE AMENDMENT TO THE RESTATED CERTIFICATE OF INCORPORATION.				Management	For	For
5.	TO APPROVE THE SHAREHOLDER PROPOSAL RELATING TO SIMPLE MAJORITY VOTE.				Shareholder	For	Against
6.	TO APPROVE THE SHAREHOLDER PROPOSAL RELATING TO LOBBYING DISCLOSURE.				Shareholder	Against	Against
STARBUCKS CORPORATION
Security				855244109	Meeting Type			Annual
Ticker Symbol				SBUX	Meeting Date			23-Mar-2016
ISIN				US8552441094	Agenda			934322861 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: HOWARD SCHULTZ				Management	For	For
1B.	ELECTION OF DIRECTOR: WILLIAM W. BRADLEY				Management	For	For
1C.	ELECTION OF DIRECTOR: MARY N. DILLON				Management	For	For
1D.	ELECTION OF DIRECTOR: ROBERT M. GATES				Management	For	For
1E.	ELECTION OF DIRECTOR: MELLODY HOBSON				Management	For	For
1F.	ELECTION OF DIRECTOR: KEVIN R. JOHNSON				Management	For	For
1G.	ELECTION OF DIRECTOR: JOSHUA COOPER RAMO				Management	For	For
1H.	ELECTION OF DIRECTOR: JAMES G. SHENNAN, JR.				Management	For	For
1I.	ELECTION OF DIRECTOR: CLARA SHIH				Management	For	For
1J.	ELECTION OF DIRECTOR: JAVIER G. TERUEL				Management	For	For
1K.	ELECTION OF DIRECTOR: MYRON E. ULLMAN, III				Management	For	For
1L.	ELECTION OF DIRECTOR: CRAIG E. WEATHERUP				Management	For	For
2.	ADVISORY RESOLUTION TO APPROVE OUR EXECUTIVE COMPENSATION.				Management	For	For
3.	APPROVE AMENDMENT AND RESTATEMENT OF OUR EXECUTIVE MANAGEMENT BONUS PLAN.				Management	For	For
4.	RATIFICATION OF SELECTION OF DELOITTE & TOUCHE LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL 2016.				Management	For	For
5.	ADOPT PROXY ACCESS BYLAW.				Shareholder	Against	Against
6.	REVIEW POLICIES RELATED TO HUMAN RIGHTS.				Shareholder	Against	Against
ADOBE SYSTEMS INCORPORATED
Security				00724F101	Meeting Type			Annual
Ticker Symbol				ADBE	Meeting Date			13-Apr-2016
ISIN				US00724F1012	Agenda			934333143 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: AMY L. BANSE				Management	For	For
1B.	ELECTION OF DIRECTOR: EDWARD W. BARNHOLT				Management	For	For
1C.	ELECTION OF DIRECTOR: ROBERT K. BURGESS				Management	For	For
1D.	ELECTION OF DIRECTOR: FRANK A. CALDERONI				Management	For	For
1E.	ELECTION OF DIRECTOR: JAMES E. DALEY				Management	For	For
1F.	ELECTION OF DIRECTOR: LAURA B. DESMOND				Management	For	For
1G.	ELECTION OF DIRECTOR: CHARLES M. GESCHKE				Management	For	For
1H.	ELECTION OF DIRECTOR: SHANTANU NARAYEN				Management	For	For
1I.	ELECTION OF DIRECTOR: DANIEL L. ROSENSWEIG				Management	For	For
1J.	ELECTION OF DIRECTOR: JOHN E. WARNOCK				Management	For	For
2.	APPROVAL OF THE 2003 EQUITY INCENTIVE PLAN AS AMENDED TO INCREASE THE AVAILABLE SHARE RESERVE BY 10 MILLION SHARES AND PROVIDE A MAXIMUM ANNUAL LIMIT ON NON-EMPLOYEE DIRECTOR COMPENSATION.				Management	For	For
3.	APPROVAL OF THE 2016 EXECUTIVE CASH PERFORMANCE BONUS PLAN.				Management	For	For
4.	RATIFICATION OF THE APPOINTMENT OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.				Management	For	For
5.	APPROVAL ON AN ADVISORY BASIS OF THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS.				Management	For	For
ABBOTT LABORATORIES
Security				002824100	Meeting Type			Annual
Ticker Symbol				ABT	Meeting Date			29-Apr-2016
ISIN				US0028241000	Agenda			934344045 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1	DIRECTOR				Management
		1	R.J. ALPERN			For	For
		2	R.S. AUSTIN			For	For
		3	S.E. BLOUNT			For	For
		4	W.J. FARRELL			For	For
		5	E.M. LIDDY			For	For
		6	N. MCKINSTRY			For	For
		7	P.N. NOVAKOVIC			For	For
		8	W.A. OSBORN			For	For
		9	S.C. SCOTT III			For	For
		10	G.F. TILTON			For	For
		11	M.D. WHITE			For	For
2	RATIFICATION OF ERNST & YOUNG LLP AS AUDITORS				Management	For	For
3	SAY ON PAY – AN ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION				Management	For	For
EXPRESS SCRIPTS HOLDING COMPANY
Security				30219G108	Meeting Type			Annual
Ticker Symbol				ESRX	Meeting Date			04-May-2016
ISIN				US30219G1085	Agenda			934347027 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: MAURA C. BREEN				Management	For	For
1B.	ELECTION OF DIRECTOR: WILLIAM J. DELANEY				Management	For	For
1C.	ELECTION OF DIRECTOR: ELDER GRANGER, MD, MG, USA (RETIRED)				Management	For	For
1D.	ELECTION OF DIRECTOR: NICHOLAS J. LAHOWCHIC				Management	For	For
1E.	ELECTION OF DIRECTOR: THOMAS P. MAC MAHON				Management	For	For
1F.	ELECTION OF DIRECTOR: FRANK MERGENTHALER				Management	For	For
1G.	ELECTION OF DIRECTOR: WOODROW A. MYERS, JR., MD				Management	For	For
1H.	ELECTION OF DIRECTOR: RODERICK A. PALMORE				Management	For	For
1I.	ELECTION OF DIRECTOR: GEORGE PAZ				Management	For	For
1J.	ELECTION OF DIRECTOR: WILLIAM L. ROPER, MD, MPH				Management	For	For
1K.	ELECTION OF DIRECTOR: SEYMOUR STERNBERG				Management	For	For
1L.	ELECTION OF DIRECTOR: TIMOTHY WENTWORTH				Management	For	For
2.	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR 2016.				Management	For	For
3.	TO APPROVE, BY NON-BINDING VOTE, EXECUTIVE COMPENSATION.				Management	For	For
4.	TO APPROVE AND RATIFY THE EXPRESS SCRIPTS HOLDING COMPANY 2016 LONG-TERM INCENTIVE PLAN.				Management	For	For
5.	STOCKHOLDER PROPOSAL REGARDING AN INDEPENDENT BOARD CHAIRMAN.				Shareholder	For	Against
6.	STOCKHOLDER PROPOSAL REGARDING POLITICAL ACTIVITIES DISCLOSURE.				Shareholder	Against	Against
ECOLAB INC.
Security				278865100	Meeting Type			Annual
Ticker Symbol				ECL	Meeting Date			05-May-2016
ISIN				US2788651006	Agenda			934346897 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: DOUGLAS M. BAKER, JR.				Management	For	For
1B.	ELECTION OF DIRECTOR: BARBARA J. BECK				Management	For	For
1C.	ELECTION OF DIRECTOR: LESLIE S. BILLER				Management	For	For
1D.	ELECTION OF DIRECTOR: CARL M. CASALE				Management	For	For
1E.	ELECTION OF DIRECTOR: STEPHEN I. CHAZEN				Management	For	For
1F.	ELECTION OF DIRECTOR: JEFFREY M. ETTINGER				Management	For	For
1G.	ELECTION OF DIRECTOR: JERRY A. GRUNDHOFER				Management	For	For
1H.	ELECTION OF DIRECTOR: ARTHUR J. HIGGINS				Management	For	For
1I.	ELECTION OF DIRECTOR: MICHAEL LARSON				Management	For	For
1J.	ELECTION OF DIRECTOR: JERRY W. LEVIN				Management	For	For
1K.	ELECTION OF DIRECTOR: DAVID W. MACLENNAN				Management	For	For
1L.	ELECTION OF DIRECTOR: TRACY B. MCKIBBEN				Management	For	For
1M.	ELECTION OF DIRECTOR: VICTORIA J. REICH				Management	For	For
1N.	ELECTION OF DIRECTOR: SUZANNE M. VAUTRINOT				Management	For	For
1O.	ELECTION OF DIRECTOR: JOHN J. ZILLMER				Management	For	For
2.	RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE CURRENT YEAR ENDING DECEMBER 31, 2016.				Management	For	For
3.	APPROVE AN AMENDMENT TO THE ECOLAB INC. 2001 NON-EMPLOYEE DIRECTOR STOCK OPTION AND DEFERRED COMPENSATION PLAN.				Management	For	For
4.	ADVISORY VOTE TO APPROVE THE COMPENSATION OF EXECUTIVES DISCLOSED IN THE PROXY STATEMENT.				Management	For	For
5.	STOCKHOLDER PROPOSAL REGARDING PROXY ACCESS.				Shareholder	Against	Against
ALLERGAN PLC
Security				G0177J108	Meeting Type			Annual
Ticker Symbol				AGN	Meeting Date			05-May-2016
ISIN				IE00BY9D5467	Agenda			934354565 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	DIRECTOR				Management
		1	NESLI BASGOZ, M.D.			For	For
		2	PAUL M. BISARO			For	For
		3	JAMES H. BLOEM			For	For
		4	CHRISTOPHER W. BODINE			For	For
		5	CHRISTOPHER J. COUGHLIN			For	For
		6	MICHAEL R. GALLAGHER			For	For
		7	CATHERINE M. KLEMA			For	For
		8	PETER J. MCDONNELL, M.D			For	For
		9	PATRICK J. O'SULLIVAN			For	For
		10	BRENTON L. SAUNDERS			For	For
		11	RONALD R. TAYLOR			For	For
		12	FRED G. WEISS			For	For
2.	TO APPROVE, IN A NON-BINDING VOTE, NAMED EXECUTIVE OFFICER COMPENSATION				Management	For	For
3.	TO RATIFY, IN A NON-BINDING VOTE, THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY'S INDEPENDENT AUDITOR FOR THE FISCAL YEAR ENDING DECEMBER 31, 2016 AND TO AUTHORIZE, IN A BINDING VOTE, THE BOARD OF DIRECTORS, ACTING THROUGH THE AUDIT AND COMPLIANCE COMMITTEE, TO DETERMINE PRICEWATERHOUSECOOPERS LLP'S REMUNERATION				Management	For	For
4A.	TO APPROVE THE AMENDMENT OF THE COMPANY'S: MEMORANDUM OF ASSOCIATION TO MAKE CERTAIN ADMINISTRATIVE AMENDMENTS				Management	For	For
4B.	TO APPROVE THE AMENDMENT OF THE COMPANY'S: ARTICLES OF ASSOCIATION TO MAKE CERTAIN ADMINISTRATIVE AMENDMENTS				Management	For	For
5A.	TO APPROVE THE AMENDMENT OF THE COMPANY'S ARTICLES OF ASSOCIATION IN ORDER TO: PROVIDE FOR A PLURALITY VOTING STANDARD IN THE EVENT OF A CONTESTED ELECTION				Management	For	For
5B.	TO APPROVE THE AMENDMENT OF THE COMPANY'S ARTICLES OF ASSOCIATION IN ORDER TO: GRANT THE BOARD OF DIRECTORS SOLE AUTHORITY TO DETERMINE ITS SIZE				Management	For	For
6.	TO APPROVE THE REDUCTION OF COMPANY CAPITAL				Management	For	For
7.	TO CONSIDER A SHAREHOLDER PROPOSAL REGARDING AN ANNUAL REPORT ON LOBBYING ACTIVITIES, IF PROPERLY PRESENTED AT THE MEETING				Shareholder	Against	Against
8.	TO CONSIDER A SHAREHOLDER PROPOSAL REGARDING AN INDEPENDENT BOARD CHAIRMAN, IF PROPERLY PRESENTED AT THE MEETING				Shareholder	For	Against
GILEAD SCIENCES, INC.
Security				375558103	Meeting Type			Annual
Ticker Symbol				GILD	Meeting Date			11-May-2016
ISIN				US3755581036	Agenda			934355567 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: JOHN F. COGAN, PH.D.				Management	For	For
1B.	ELECTION OF DIRECTOR: KEVIN E. LOFTON				Management	For	For
1C.	ELECTION OF DIRECTOR: JOHN W. MADIGAN				Management	For	For
1D.	ELECTION OF DIRECTOR: JOHN C. MARTIN, PH.D.				Management	For	For
1E.	ELECTION OF DIRECTOR: JOHN F. MILLIGAN, PH.D.				Management	For	For
1F.	ELECTION OF DIRECTOR: NICHOLAS G. MOORE				Management	For	For
1G.	ELECTION OF DIRECTOR: RICHARD J. WHITLEY, M.D.				Management	For	For
1H.	ELECTION OF DIRECTOR: GAYLE E. WILSON				Management	For	For
1I.	ELECTION OF DIRECTOR: PER WOLD- OLSEN				Management	For	For
2.	TO RATIFY THE SELECTION OF ERNST & YOUNG LLP BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF GILEAD FOR THE FISCAL YEAR ENDING DECEMBER 31, 2016.				Management	For	For
3.	TO APPROVE THE AMENDED AND RESTATED GILEAD SCIENCES, INC. CODE SECTION 162(M) BONUS PLAN.				Management	For	For
4.	TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS AS PRESENTED IN THE PROXY STATEMENT.				Management	For	For
5.	TO VOTE ON A STOCKHOLDER PROPOSAL, IF PROPERLY PRESENTED AT THE MEETING, REQUESTING THAT THE BOARD TAKE STEPS TO PERMIT STOCKHOLDER ACTION BY WRITTEN CONSENT.				Shareholder	For	Against
ALASKA AIR GROUP, INC.
Security				011659109	Meeting Type			Annual
Ticker Symbol				ALK	Meeting Date			12-May-2016
ISIN				US0116591092	Agenda			934359438 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: PATRICIA M. BEDIENT				Management	For	For
1B.	ELECTION OF DIRECTOR: MARION C. BLAKEY				Management	For	For
1C.	ELECTION OF DIRECTOR: PHYLLIS J. CAMPBELL				Management	For	For
1D.	ELECTION OF DIRECTOR: DHIREN R. FONSECA				Management	For	For
1E.	ELECTION OF DIRECTOR: JESSIE J. KNIGHT, JR.				Management	For	For
1F.	ELECTION OF DIRECTOR: DENNIS F. MADSEN				Management	For	For
1G.	ELECTION OF DIRECTOR: HELVI K. SANDVIK				Management	For	For
1H.	ELECTION OF DIRECTOR: KATHERINE J. SAVITT				Management	For	For
1I.	ELECTION OF DIRECTOR: J. KENNETH THOMPSON				Management	For	For
1J.	ELECTION OF DIRECTOR: BRADLEY D. TILDEN				Management	For	For
1K.	ELECTION OF DIRECTOR: ERIC K. YEAMAN				Management	For	For
2.	ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS.				Management	For	For
3.	APPROVE THE COMPANY'S NEW 2016 PERFORMANCE INCENTIVE PLAN.				Management	For	For
4.	RATIFICATION OF THE APPOINTMENT OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR THE FISCAL YEAR 2016.				Management	For	For
THE TJX COMPANIES, INC.
Security				872540109	Meeting Type			Annual
Ticker Symbol				TJX	Meeting Date			07-Jun-2016
ISIN				US8725401090	Agenda			934413206 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: ZEIN ABDALLA				Management	For	For
1B.	ELECTION OF DIRECTOR: JOSE B. ALVAREZ				Management	For	For
1C.	ELECTION OF DIRECTOR: ALAN M. BENNETT				Management	For	For
1D.	ELECTION OF DIRECTOR: DAVID T. CHING				Management	For	For
1E.	ELECTION OF DIRECTOR: ERNIE HERRMAN				Management	For	For
1F.	ELECTION OF DIRECTOR: MICHAEL F. HINES				Management	For	For
1G.	ELECTION OF DIRECTOR: AMY B. LANE				Management	For	For
1H.	ELECTION OF DIRECTOR: CAROL MEYROWITZ				Management	For	For
1I.	ELECTION OF DIRECTOR: JOHN F. O'BRIEN				Management	For	For
1J.	ELECTION OF DIRECTOR: WILLOW B. SHIRE				Management	For	For
2.	RATIFICATION OF APPOINTMENT OF PRICEWATERHOUSECOOPERS AS TJX'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL 2017.				Management	For	For
3.	SAY-ON-PAY: ADVISORY APPROVAL OF TJX'S EXECUTIVE COMPENSATION.				Management	For	For
4.	STOCKHOLDER PROPOSAL FOR INCLUSION OF DIVERSITY AS A CEO PERFORMANCE MEASURE.				Shareholder	Against	Against
5.	STOCKHOLDER PROPOSAL FOR A REVIEW AND SUMMARY REPORT ON EXECUTIVE COMPENSATION POLICIES.				Shareholder	Against	Against
FLEETCOR TECHNOLOGIES INC.
Security				339041105	Meeting Type			Annual
Ticker Symbol				FLT	Meeting Date			08-Jun-2016
ISIN				US3390411052	Agenda			934403976 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	DIRECTOR				Management
		1	RONALD F. CLARKE			For	For
		2	JOSEPH W. FARRELLY			For	For
		3	RICHARD MACCHIA			For	For
2.	RATIFY THE SELECTION OF ERNST & YOUNG LLP AS FLEETCOR'S INDEPENDENT AUDITOR FOR 2016.				Management	For	For
3.	STOCKHOLDER PROPOSAL REGARDING PROXY ACCESS FOR DIRECTOR NOMINATIONS BY STOCKHOLDERS.				Shareholder	For	Against
4.	STOCKHOLDER PROPOSAL REGARDING BOARD DIVERSITY AND REPORTING.				Shareholder	Against	Take No Action
5.	STOCKHOLDER PROPOSAL REGARDING MAJORITY VOTING IN UNCONTESTED DIRECTOR ELECTIONS.				Shareholder	Against	Take No Action
ALPHABET INC
Security				02079K305	Meeting Type			Annual
Ticker Symbol				GOOGL	Meeting Date			08-Jun-2016
ISIN				US02079K3059	Agenda			934406667 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	DIRECTOR				Management
		1	LARRY PAGE			For	For
		2	SERGEY BRIN			For	For
		3	ERIC E. SCHMIDT			For	For
		4	L. JOHN DOERR			For	For
		5	DIANE B. GREENE			For	For
		6	JOHN L. HENNESSY			For	For
		7	ANN MATHER			For	For
		8	ALAN R. MULALLY			For	For
		9	PAUL S. OTELLINI			For	For
		10	K. RAM SHRIRAM			For	For
		11	SHIRLEY M. TILGHMAN			For	For
2.	THE RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS ALPHABET'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2016.				Management	For	For
3.	THE APPROVAL OF AMENDMENTS TO ALPHABET'S 2012 STOCK PLAN TO ....(DUE TO SPACE LIMITS, SEE PROXY STATEMENT FOR FULL PROPOSAL).				Management	For	For
4.	THE APPROVAL OF AN AMENDMENT TO THE FOURTH AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF GOOGLE INC., ALPHABET'S WHOLLY OWNED SUBSIDIARY, TO REMOVE A PROVISION THAT REQUIRES THE VOTE OF THE STOCKHOLDERS OF ALPHABET, IN ADDITION TO THE VOTE OF ALPHABET (AS SOLE STOCKHOLDER), IN ORDER FOR GOOGLE TO TAKE CERTAIN ACTIONS.				Management	For	For
5.	A STOCKHOLDER PROPOSAL REGARDING EQUAL SHAREHOLDER VOTING, IF PROPERLY PRESENTED AT THE MEETING.				Shareholder	For	Against
6.	A STOCKHOLDER PROPOSAL REGARDING A LOBBYING REPORT, IF PROPERLY PRESENTED AT THE MEETING.				Shareholder	Against	Against
7.	A STOCKHOLDER PROPOSAL REGARDING A POLITICAL CONTRIBUTIONS REPORT, IF PROPERLY PRESENTED AT THE MEETING.				Shareholder	Against	Against
8.	A STOCKHOLDER PROPOSAL REGARDING THE ADOPTION OF A MAJORITY VOTE STANDARD FOR THE ELECTION OF DIRECTORS, IF PROPERLY PRESENTED AT THE MEETING.				Shareholder	For	Against
9.	A STOCKHOLDER PROPOSAL REGARDING AN INDEPENDENT CHAIRMAN OF THE BOARD POLICY, IF PROPERLY PRESENTED AT THE MEETING.				Shareholder	For	Against
10.	A STOCKHOLDER PROPOSAL REGARDING A REPORT ON GENDER PAY, IF PROPERLY PRESENTED AT THE MEETING.				Shareholder	Against	Against
SIGNET JEWELERS LIMITED
Security				G81276100	Meeting Type			Annual
Ticker Symbol				SIG	Meeting Date			17-Jun-2016
ISIN				BMG812761002	Agenda			934416202 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: H. TODD STITZER				Management	For	For
1B.	ELECTION OF DIRECTOR: VIRGINIA DROSOS				Management	For	For
1C.	ELECTION OF DIRECTOR: DALE HILPERT				Management	For	For
1D.	ELECTION OF DIRECTOR: MARK LIGHT				Management	For	For
1E.	ELECTION OF DIRECTOR: HELEN MCCLUSKEY				Management	For	For
1F.	ELECTION OF DIRECTOR: MARIANNE MILLER PARRS				Management	For	For
1G.	ELECTION OF DIRECTOR: THOMAS PLASKETT				Management	For	For
1H.	ELECTION OF DIRECTOR: ROBERT STACK				Management	For	For
1I.	ELECTION OF DIRECTOR: EUGENIA ULASEWICZ				Management	For	For
1J.	ELECTION OF DIRECTOR: RUSSELL WALLS				Management	For	For
2.	APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITOR OF THE COMPANY.				Management	For	For
3.	APPROVAL, ON A NON-BINDING ADVISORY BASIS, OF THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS AS DISCLOSED IN THE PROXY STATEMENT.				Management	For	For
FACEBOOK INC.
Security				30303M102	Meeting Type			Annual
Ticker Symbol				FB	Meeting Date			20-Jun-2016
ISIN				US30303M1027	Agenda			934444946 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	DIRECTOR				Management
		1	MARC L. ANDREESSEN			For	For
		2	ERSKINE B. BOWLES			For	For
		3	S.D. DESMOND-HELLMANN			For	For
		4	REED HASTINGS			For	For
		5	JAN KOUM			For	For
		6	SHERYL K. SANDBERG			For	For
		7	PETER A. THIEL			For	For
		8	MARK ZUCKERBERG			For	For
2.	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS FACEBOOK, INC.'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2016.				Management	For	For
3.	TO HOLD A NON-BINDING ADVISORY VOTE ON THE COMPENSATION PROGRAM FOR OUR NAMED EXECUTIVE OFFICERS AS DISCLOSED IN OUR PROXY STATEMENT.				Management	For	For
4.	TO RATIFY OUR GRANT OF RESTRICTED STOCK UNITS (RSUS) TO OUR NON-EMPLOYEE DIRECTORS DURING THE YEAR ENDED DECEMBER 31, 2013.				Management	For	For
5.	TO RATIFY OUR GRANT OF RSUS TO OUR NON-EMPLOYEE DIRECTORS DURING THE YEARS ENDED DECEMBER 31, 2014 AND 2015.				Management	For	For
6.	TO APPROVE OUR ANNUAL COMPENSATION PROGRAM FOR NON- EMPLOYEE DIRECTORS.				Management	For	For
7A.	TO APPROVE THE ADOPTION OF OUR AMENDED AND RESTATED CERTIFICATE OF INCORPORATION, COMPRISING: THE APPROVAL OF THE ADOPTION OF AMENDMENTS TO OUR RESTATED CERTIFICATE OF INCORPORATION TO ESTABLISH THE CLASS C CAPITAL STOCK AND TO MAKE CERTAIN CLARIFYING CHANGES.				Management	For	For
7B.	TO APPROVE THE ADOPTION OF OUR AMENDED AND RESTATED CERTIFICATE OF INCORPORATION, COMPRISING: THE APPROVAL OF THE ADOPTION OF AMENDMENTS TO OUR RESTATED CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF CLASS A COMMON STOCK FROM 5,000,000,000 TO 20,000,000,000.				Management	For	For
7C.	TO APPROVE THE ADOPTION OF OUR AMENDED AND RESTATED CERTIFICATE OF INCORPORATION, COMPRISING: THE APPROVAL OF THE ADOPTION OF AMENDMENTS TO OUR RESTATED CERTIFICATE OF INCORPORATION TO PROVIDE FOR THE EQUAL TREATMENT OF SHARES OF CLASS A COMMON STOCK, CLASS B COMMON STOCK, AND CLASS C CAPITAL STOCK IN CONNECTION WITH DIVIDENDS AND DISTRIBUTIONS, CERTAIN TRANSACTIONS, AND UPON OUR LIQUIDATION, DISSOLUTION, OR WINDING UP.				Management	For	For
7D.	TO APPROVE THE ADOPTION OF OUR AMENDED AND RESTATED CERTIFICATE OF INCORPORATION, COMPRISING: THE APPROVAL OF THE ADOPTION OF AMENDMENTS TO OUR RESTATED CERTIFICATE OF INCORPORATION TO PROVIDE FOR ADDITIONAL EVENTS UPON WHICH ALL OF OUR SHARES OF CLASS B COMMON STOCK WILL AUTOMATICALLY CONVERT TO CLASS A COMMON STOCK, TO PROVIDE FOR ADDITIONAL INSTANCES WHERE CLASS B COMMON STOCK WOULD NOT CONVERT TO CLASS A COMMON STOCK IN CONNECTION WITH CERTAIN TRANSFERS, AND TO MAKE CERTAIN RELATED CHANGES TO THE CLASS B COMMON STOCK CONVERSION PROVISIONS.				Management	For	For
8.	TO AMEND AND RESTATE OUR 2012 EQUITY INCENTIVE PLAN.				Management	For	For
9.	A STOCKHOLDER PROPOSAL REGARDING CHANGE IN STOCKHOLDER VOTING.				Shareholder	Against	Against
10.	A STOCKHOLDER PROPOSAL REGARDING AN ANNUAL SUSTAINABILITY REPORT.				Shareholder	Against	Against
11.	A STOCKHOLDER PROPOSAL REGARDING A LOBBYING REPORT.				Shareholder	Against	Against
12.	A STOCKHOLDER PROPOSAL REGARDING AN INTERNATIONAL PUBLIC POLICY COMMITTEE.				Shareholder	Against	Against
13.	A STOCKHOLDER PROPOSAL REGARDING A GENDER PAY EQUITY REPORT.				Shareholder	Against	Against
MEDIVATION, INC.
Security				58501N101	Meeting Type			Annual
Ticker Symbol				MDVN	Meeting Date			22-Jun-2016
ISIN				US58501N1019	Agenda			934417278 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	DIRECTOR				Management
		1	KIM D. BLICKENSTAFF			For	For
		2	KATHRYN E. FALBERG			For	For
		3	DAVID T. HUNG, M.D.			For	For
		4	MICHAEL L. KING, PH.D.			For	For
		5	C. PATRICK MACHADO			For	For
		6	DAWN SVORONOS			For	For
		7	W. ANTHONY VERNON			For	For
		8	WENDY L. YARNO			For	For
2.	TO RATIFY THE SELECTION BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF PRICEWATERHOUSECOOPERS LLP AS MEDIVATION'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2016.				Management	For	For
3.	TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF MEDIVATION'S NAMED EXECUTIVE OFFICERS, AS DISCLOSED IN THE PROXY STATEMENT OF MEDIVATION.				Management	For	For
4.	TO APPROVE AN AMENDMENT AND RESTATEMENT OF THE MEDIVATION, INC. AMENDED AND RESTATED 2004 EQUITY INCENTIVE AWARD PLAN TO INCREASE THE NUMBER OF SHARES OF MEDIVATION'S COMMON STOCK RESERVED FOR ISSUANCE UNDER THE PLAN BY 1,600,000 SHARES AND MAKE CERTAIN OTHER CHANGES AS DESCRIBED IN PROPOSAL NO. 4 IN THE PROXY STATEMENT OF MEDIVATION.				Management	For	For
5.	THE SHAREHOLDER PROPOSAL REGARDING PROXY ACCESS, IF PROPERLY PRESENTED AT THE ANNUAL MEETING.				Shareholder	Against	Against
MASTERCARD INCORPORATED
Security				57636Q104	Meeting Type			Annual
Ticker Symbol				MA	Meeting Date			28-Jun-2016
ISIN				US57636Q1040	Agenda			934417280 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: RICHARD HAYTHORNTHWAITE				Management	For	For
1B.	ELECTION OF DIRECTOR: AJAY BANGA				Management	For	For
1C.	ELECTION OF DIRECTOR: SILVIO BARZI				Management	For	For
1D.	ELECTION OF DIRECTOR: DAVID R. CARLUCCI				Management	For	For
1E.	ELECTION OF DIRECTOR: STEVEN J. FREIBERG				Management	For	For
1F.	ELECTION OF DIRECTOR: JULIUS GENACHOWSKI				Management	For	For
1G.	ELECTION OF DIRECTOR: MERIT E. JANOW				Management	For	For
1H.	ELECTION OF DIRECTOR: NANCY J. KARCH				Management	For	For
1I.	ELECTION OF DIRECTOR: OKI MATSUMOTO				Management	For	For
1J.	ELECTION OF DIRECTOR: RIMA QURESHI				Management	For	For
1K.	ELECTION OF DIRECTOR: JOSE OCTAVIO REYES LAGUNES				Management	For	For
1L.	ELECTION OF DIRECTOR: JACKSON TAI				Management	For	For
2.	ADVISORY APPROVAL OF MASTERCARD'S EXECUTIVE COMPENSATION				Management	For	For
3.	RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR MASTERCARD FOR 2016				Management	For	For

Saturna Investment Trust, Sextant International Fund (SSIFX) Proxy Voting Record relating to shareholder meetings held from July 1, 2015 through June 30, 2016
SINOPHARM GROUP CO LTD, SHANGHAI
Security		Y8008N107	Meeting Type				ExtraOrdinary General Meeting
Ticker Symbol		1099 HK	Meeting Date				20-Aug-2015
ISIN		CNE100000FN7	Agenda				706307584 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1	TO CONSIDER AND, IF THOUGHT FIT, TO APPROVE (I) THE ISSUE OF THE CORPORATE BONDS IN THE PRC OF NO MORE THAN RMB10,000,000,000 IN SCALE (THE "CORPORATE BONDS"); AND (II) THE BOARD OF DIRECTORS OF THE COMPANY OR THE PERSON(S) AUTHORISED BY IT TO DETERMINE AND ADJUST THE SPECIFIC PLAN OF THE PROPOSED ISSUE OF THE CORPORATE BONDS AND DO ALL SUCH ACTS AND THINGS, TO SIGN AND EXECUTE ALL SUCH OTHER DOCUMENTS TO GIVE EFFECT TO OR IN CONNECTION WITH THE PROPOSED ISSUE OF THE CORPORATE BONDS OR ANY TRANSACTIONS CONTEMPLATED THEREUNDER		Management	For		For
KOREA ELECTRIC POWER CORPORATION
Security		500631106	Meeting Type				Special
Ticker Symbol		KEP	Meeting Date				27-Aug-2015
ISIN		US5006311063	Agenda				934270377 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
4.1	ELECTION OF STANDING DIRECTOR: KIM, SI-HO		Management	For		For
4.2	ELECTION OF STANDING DIRECTOR: PARK, SUNG-CHUL		Management	For		For
4.3	ELECTION OF STANDING DIRECTOR: HYUN, SANG-KWON		Management	For		For
KONINKLIJKE PHILIPS ELECTRONICS N.V.
Security		500472303	Meeting Type				Special
Ticker Symbol		PHG	Meeting Date				18-Dec-2015
ISIN		US5004723038	Agenda				934307732 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1.	PROPOSAL TO APPOINT MR A. BHATTACHARYA AS MEMBER OF THE BOARD OF MANAGEMENT WITH EFFECT FROM DECEMBER 18, 2015.		Management	For		For
SINOPHARM GROUP CO LTD, SHANGHAI
Security		Y8008N107	Meeting Type				ExtraOrdinary General Meeting
Ticker Symbol		1099 HK	Meeting Date				29-Jan-2016
ISIN		CNE100000FN7	Agenda				706637266 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1	TO CONSIDER AND APPROVE THE AMENDMENTS TO THE RULES OF PROCEDURES OF THE BOARD OF DIRECTORS		Management	For		For
2	TO CONSIDER AND, IF THOUGHT FIT, TO APPROVE THE APPOINTMENT OF MR. LIAN WANYONG AS A NON- EXECUTIVE DIRECTOR OF THE COMPANY, TO AUTHORISE THE BOARD OF DIRECTORS OF THE COMPANY TO DETERMINE HIS REMUNERATION, AND TO AUTHORISE ANY EXECUTIVE DIRECTOR OF THE COMPANY TO EXECUTE A SERVICE CONTRACT OR SUCH OTHER DOCUMENTS OR SUPPLEMENTAL AGREEMENTS OR DEEDS ON BEHALF OF THE COMPANY		Management	For		For
3	TO CONSIDER AND, IF THOUGHT FIT, TO APPROVE THE APPOINTMENT OF Ms. LI XIAOJUAN AS A SHAREHOLDER REPRESENTATIVE SUPERVISOR OF THE COMPANY, TO AUTHORISE THE SUPERVISORY COMMITTEE OF THE COMPANY TO DETERMINE HER		Management	For		For
	REMUNERATION, AND TO AUTHORISE ANY EXECUTIVE DIRECTOR OF THE COMPANY TO EXECUTE A SERVICE CONTRACT OR SUCH OTHER DOCUMENTS OR SUPPLEMENTAL AGREEMENTS OR DEEDS ON BEHALF OF THE COMPANY
4	TO CONSIDER AND, IF THOUGHT FIT, TO APPROVE THE AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF THE COMPANY		Management	For		For
NOVARTIS AG
Security		66987V109	Meeting Type				Annual
Ticker Symbol		NVS	Meeting Date				23-Feb-2016
ISIN		US66987V1098	Agenda				934325564 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1.	APPROVAL OF THE OPERATING AND FINANCIAL REVIEW OF NOVARTIS AG, THE FINANCIAL STATEMENTS OF NOVARTIS AG AND THE GROUP CONSOLIDATED FINANCIAL STATEMENTS FOR THE 2015 FINANCIAL YEAR		Management	For		For
2.	DISCHARGE FROM LIABILITY OF THE MEMBERS OF THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE		Management	For		For
3.	APPROPRIATION OF AVAILABLE EARNINGS OF NOVARTIS AG AS PER BALANCE SHEET AND DECLARATION OF DIVIDEND		Management	For		For
4.	REDUCTION OF SHARE CAPITAL		Management	For		For
5.	FURTHER SHARE REPURCHASE PROGRAM		Management	For		For
6A.	BINDING VOTE ON TOTAL COMPENSATION FOR MEMBERS OF THE BOARD OF DIRECTORS FROM THE 2016 ANNUAL GENERAL MEETING TO THE 2017 ANNUAL GENERAL MEETING		Management	For		For
6B.	BINDING VOTE ON TOTAL COMPENSATION FOR MEMBERS OF THE EXECUTIVE COMMITTEE FOR THE NEXT FINANCIAL YEAR, I.E. 2017		Management	For		For
6C.	ADVISORY VOTE ON THE 2015 COMPENSATION REPORT		Management	For		For
7A.	RE-ELECTION OF JOERG REINHARDT, PH.D., AND RE-ELECTION AS CHAIRMAN OF THE BOARD OF DIRECTORS (IN A SINGLE VOTE)		Management	For		For
7B.	RE-ELECTION OF NANCY C. ANDREWS, M.D., PH.D. TO THE BOARD OF DIRECTORS		Management	For		For
7C.	RE-ELECTION OF DIMITRI AZAR, M.D., MBA TO THE BOARD OF DIRECTORS		Management	For		For
7D.	RE-ELECTION OF SRIKANT DATAR, PH.D. TO THE BOARD OF DIRECTORS		Management	For		For
7E.	RE-ELECTION OF ANN FUDGE TO THE BOARD OF DIRECTORS		Management	For		For
7F.	RE-ELECTION OF PIERRE LANDOLT, PH.D. TO THE BOARD OF DIRECTORS		Management	For		For
7G.	RE-ELECTION OF ANDREAS VON PLANTA, PH.D. TO THE BOARD OF DIRECTORS		Management	For		For
7H.	RE-ELECTION OF CHARLES L. SAWYERS, M.D. TO THE BOARD OF DIRECTORS		Management	For		For
7I.	RE-ELECTION OF ENRICO VANNI, PH.D. TO THE BOARD OF DIRECTORS		Management	For		For
7J.	RE-ELECTION OF WILLIAM T. WINTERS TO THE BOARD OF DIRECTORS		Management	For		For
7K.	ELECTION OF TON BUECHNER TO THE BOARD OF DIRECTORS		Management	For		For
7L.	ELECTION OF ELIZABETH DOHERTY TO THE BOARD OF DIRECTORS		Management	For		For
8A.	RE-ELECTION OF SRIKANT DATAR, PH.D., AS MEMBER OF THE COMPENSATION COMMITTEE		Management	For		For
8B.	RE-ELECTION OF ANN FUDGE AS MEMBER OF THE COMPENSATION COMMITTEE		Management	For		For
8C.	RE-ELECTION OF ENRICO VANNI, PH.D., AS MEMBER OF THE COMPENSATION COMMITTEE		Management	For		For
8D.	RE-ELECTION OF WILLIAM T. WINTERS AS MEMBER OF THE COMPENSATION COMMITTEE		Management	For		For
9.	RE-ELECTION OF THE STATUTORY AUDITOR		Management	For		For
10.	RE-ELECTION OF THE INDEPENDENT PROXY		Management	For		For
11.	GENERAL INSTRUCTIONS IN CASE OF ALTERNATIVE MOTIONS UNDER THE AGENDA ITEMS PUBLISHED IN THE NOTICE OF ANNUAL GENERAL MEETING, AND/OR OF MOTIONS RELATING TO ADDITIONAL AGENDA ITEMS ACCORDING TO ARTICLE 700 PARAGRAPH 3 OF THE SWISS CODE OF OBLIGATIONS		Management	For		Take No Action
SINOPHARM GROUP CO LTD, SHANGHAI
Security		Y8008N107	Meeting Type				ExtraOrdinary General Meeting
Ticker Symbol		1099 HK	Meeting Date				08-Mar-2016
ISIN		CNE100000FN7	Agenda				706648500 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1	TO CONSIDER AND, IF THOUGHT FIT, TO APPROVE THE APPOINTMENT OF MR. ZHUO FUMIN AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY, TO AUTHORISE THE BOARD OF DIRECTORS OF THE COMPANY TO DETERMINE HIS REMUNERATION, AND TO AUTHORISE ANY EXECUTIVE DIRECTOR OF THE COMPANY TO EXECUTE A SERVICE CONTRACT OR SUCH OTHER DOCUMENTS OR SUPPLEMENTAL AGREEMENTS OR DEEDS ON BEHALF OF THE COMPANY		Management	For		For
BANCO SANTANDER, S.A.
Security		05964H105	Meeting Type				Annual
Ticker Symbol		SAN	Meeting Date				18-Mar-2016
ISIN		US05964H1059	Agenda				934329358 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1A	RESOLUTION 1A		Management	For		Take No Action
1B	RESOLUTION 1B		Management	For		Take No Action
2	RESOLUTION 2		Management	For		Take No Action
3A	RESOLUTION 3A		Management	For		Take No Action
3B	RESOLUTION 3B		Management	For		Take No Action
3C	RESOLUTION 3C		Management	For		Take No Action
3D	RESOLUTION 3D		Management	For		Take No Action
3E	RESOLUTION 3E		Management	For		Take No Action
3F	RESOLUTION 3F		Management	For		Take No Action
3G	RESOLUTION 3G		Management	For		Take No Action
4	RESOLUTION 4		Management	For		Take No Action
5A	RESOLUTION 5A		Management	For		Take No Action
5B	RESOLUTION 5B		Management	For		Take No Action
5C	RESOLUTION 5C		Management	For		Take No Action
6A	RESOLUTION 6A		Management	For		Take No Action
6B	RESOLUTION 6B		Management	For		Take No Action
7	RESOLUTION 7		Management	For		Take No Action
8	RESOLUTION 8		Management	For		Take No Action
9	RESOLUTION 9		Management	For		Take No Action
10	RESOLUTION 10		Management	For		Take No Action
11	RESOLUTION 11		Management	For		Take No Action
12	RESOLUTION 12		Management	For		Take No Action
13A	RESOLUTION 13A		Management	For		Take No Action
13B	RESOLUTION 13B		Management	For		Take No Action
13C	RESOLUTION 13C		Management	For		Take No Action
13D	RESOLUTION 13D		Management	For		Take No Action
14	RESOLUTION 14		Management	For		Take No Action
15	RESOLUTION 15		Management	For		Take No Action
SK TELECOM CO., LTD.
Security		78440P108	Meeting Type				Annual
Ticker Symbol		SKM	Meeting Date				18-Mar-2016
ISIN		US78440P1084	Agenda				934334145 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1.	APPROVAL OF FINANCIAL STATEMENTS FOR THE 32ND FISCAL YEAR (FROM JANUARY 1, 2015 TO DECEMBER 31, 2015) AS SET FORTH IN ITEM 1 OF THE COMPANY'S AGENDA ENCLOSED HEREWITH.		Management	For		Take No Action
2.	APPROVAL OF AMENDMENTS TO THE ARTICLES OF INCORPORATION AS SET FORTH IN ITEM 2 OF THE COMPANY'S AGENDA ENCLOSED HEREWITH.		Management	For		Take No Action
3.1	ELECTION OF AN EXECUTIVE DIRECTOR: CHO, DAE SIK (INSIDE DIRECTOR)		Management	For		Take No Action
3.2	ELECTION OF AN EXECUTIVE DIRECTOR: OH, DAE SHICK (OUTSIDE DIRECTOR)		Management	For		Take No Action
4.	APPROVAL OF THE ELECTION OF A MEMBER OF THE AUDIT COMMITTEE AS SET FORTH IN ITEM 4 OF THE COMPANY'S AGENDA ENCLOSED HEREWITH: OH, DAE SHICK.		Management	For		Take No Action
5.	APPROVAL OF THE CEILING AMOUNT OF THE REMUNERATION FOR DIRECTORS. *PROPOSED CEILING AMOUNT OF THE REMUNERATION FOR DIRECTORS IS KRW 12 BILLION.		Management	For		Take No Action
6.	APPROVAL OF THE AMENDMENT TO THE REMUNERATION POLICY FOR EXECUTIVES. *PROPOSED TOP LEVEL MANAGEMENT (CHAIRMAN, VICE- CHAIRMAN AND CEO LEVEL) PAYOUT RATE DECREASED FROM 6.0 OR 5.5 TO 4.0		Management	For		Take No Action
KOREA ELECTRIC POWER CORPORATION
Security		500631106	Meeting Type				Annual
Ticker Symbol		KEP	Meeting Date				22-Mar-2016
ISIN		US5006311063	Agenda				934344057 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
4.1	APPROVAL OF FINANCIAL STATEMENTS FOR THE FISCAL YEAR 2015		Management	For		For
4.2	APPROVAL OF THE CEILING AMOUNT OF REMUNERATION FOR DIRECTORS IN 2016		Management	For		For
TURKCELL ILETISIM HIZMETLERI A.S.
Security		900111204	Meeting Type				Annual
Ticker Symbol		TKC	Meeting Date				29-Mar-2016
ISIN		US9001112047	Agenda				934337406 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
2.	AUTHORIZING THE PRESIDENCY BOARD TO SIGN THE MINUTES OF THE MEETING.		Management	For		For
5.	READING, DISCUSSION AND APPROVAL OF THE TURKISH COMMERCIAL CODE AND CAPITAL MARKETS BOARD BALANCE SHEETS AND PROFITS/LOSS STATEMENTS RELATING TO FISCAL YEAR 2015.		Management	For		For
6.	RELEASE OF THE BOARD MEMBERS INDIVIDUALLY FROM THE ACTIVITIES AND OPERATIONS OF THE COMPANY PERTAINING TO THE YEAR 2015.		Management	For		For
7.	DISCUSSION OF AND DECISION ON BOARD OF DIRECTORS' PROPOSAL ON COMPANY'S DONATION POLICY; SUBMITTING THE SAME TO THE APPROVAL OF SHAREHOLDERS.		Management	For		For
8.	INFORMING THE GENERAL ASSEMBLY ON THE DONATION AND CONTRIBUTIONS MADE IN 2015; DISCUSSION OF AND DECISION ON BOARD OF DIRECTORS' PROPOSAL CONCERNING DETERMINATION OF DONATION LIMIT TO BE MADE IN 2016, STARTING FROM THE FISCAL YEAR 2016.		Management	For		For
9.	SUBJECT TO THE APPROVAL OF THE MINISTRY OF CUSTOMS AND TRADE AND CAPITAL MARKETS BOARD; DISCUSSION OF AND DECISION ON THE AMENDMENT OF ARTICLES 3, 4, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 21, 24, 25 AND 26 OF THE ARTICLES OF ASSOCIATION OF THE COMPANY.		Management	For		For
10.	ELECTION OF NEW BOARD MEMBERS IN ACCORDANCE WITH RELATED LEGISLATION AND DETERMINATION OF THE NEWLY ELECTED BOARD MEMBERS' TERM OF OFFICE IF THERE WILL BE ANY NEW ELECTION.		Management	For		For
11.	DETERMINATION OF THE REMUNERATION OF THE BOARD OF DIRECTORS MEMBERS.		Management	For		For
12.	DISCUSSION OF AND APPROVAL OF THE ELECTION OF THE INDEPENDENT AUDIT FIRM APPOINTED BY THE BOARD OF DIRECTORS PURSUANT TO TURKISH COMMERCIAL CODE AND THE CAPITAL MARKETS LEGISLATION FOR AUDITING OF THE ACCOUNTS AND FINANCIALS OF THE YEAR 2016.		Management	For		For
13.	DISCUSSION OF AND DECISION ON BOARD OF DIRECTORS' PROPOSAL ON SHARE BUYBACK PLAN AND AUTHORIZING THE BOARD OF DIRECTORS FOR CARRYING OUT SHARE BUYBACK IN LINE WITH THE MENTIONED PLAN, WITHIN THE SCOPE OF THE COMMUNIQUE ON BUY- BACKED SHARES (NUMBERED II-22.1).		Management	For		For
14.	DECISION PERMITTING THE BOARD MEMBERS TO, DIRECTLY OR ON BEHALF OF OTHERS, BE ACTIVE IN AREAS FALLING WITHIN OR OUTSIDE THE SCOPE OF THE COMPANY'S OPERATIONS AND TO PARTICIPATE IN COMPANIES OPERATING IN THE SAME BUSINESS AND TO PERFORM OTHER ACTS IN COMPLIANCE WITH ARTICLES 395 AND 396 OF THE TURKISH COMMERCIAL CODE.		Management	For		For
15.	DISCUSSION OF AND DECISION ON THE DISTRIBUTION OF DIVIDEND FOR THE YEAR 2015 AND DETERMINATION OF THE DIVIDEND DISTRIBUTION DATE.		Management	For		For
THE TORONTO-DOMINION BANK
Security		891160509	Meeting Type				Annual
Ticker Symbol		TD	Meeting Date				31-Mar-2016
ISIN		CA8911605092	Agenda				934329613 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
A	DIRECTOR		Management
	1	WILLIAM E. BENNETT		For		For
	2	AMY W. BRINKLEY		For		For
	3	BRIAN C. FERGUSON		For		For
	4	COLLEEN A. GOGGINS		For		For
	5	MARY JO HADDAD		For		For
	6	JEAN-RENÉ HALDE		For		For
	7	DAVID E. KEPLER		For		For
	8	BRIAN M. LEVITT		For		For
	9	ALAN N. MACGIBBON		For		For
	10	KAREN E. MAIDMENT		For		For
	11	BHARAT B. MASRANI		For		For
	12	IRENE R. MILLER		For		For
	13	NADIR H. MOHAMED		For		For
	14	CLAUDE MONGEAU		For		For
B	APPOINTMENT OF AUDITOR NAMED IN THE MANAGEMENT PROXY CIRCULAR		Management	For		For
C	APPROACH TO EXECUTIVE COMPENSATION DISCLOSED IN THE REPORT OF THE HUMAN RESOURCES COMMITTEE AND APPROACH TO EXECUTIVE COMPENSATION SECTIONS OF THE MANAGEMENT PROXY CIRCULAR *ADVISORY VOTE*		Management	For		For
D	SHAREHOLDER PROPOSAL A		Shareholder	Against		Against
E	SHAREHOLDER PROPOSAL B		Shareholder	Against		Against
UNILEVER PLC
Security		904767704	Meeting Type				Annual
Ticker Symbol		UL	Meeting Date				20-Apr-2016
ISIN		US9047677045	Agenda				934351266 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1.	TO RECEIVE THE REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015		Management	For		For
2.	TO APPROVE THE DIRECTORS' REMUNERATION REPORT		Management	For		For
3.	TO RE-ELECT MR N S ANDERSEN AS A NON-EXECUTIVE DIRECTOR		Management	For		For
4.	TO RE-ELECT MRS L M CHA AS A NON- EXECUTIVE DIRECTOR		Management	For		For
5.	TO RE-ELECT MR V COLAO AS A NON- EXECUTIVE DIRECTOR		Management	For		For
6.	TO RE-ELECT PROFESSOR L O FRESCO AS A NON-EXECUTIVE DIRECTOR		Management	For		For
7.	TO RE-ELECT MS A M FUDGE AS A NON-EXECUTIVE DIRECTOR		Management	For		For
8.	TO RE-ELECT DR J HARTMANN AS A NON-EXECUTIVE DIRECTOR		Management	For		For
9.	TO RE-ELECT MS M MA AS A NON- EXECUTIVE DIRECTOR		Management	For		For
10.	TO RE-ELECT MR P G J M POLMAN AS AN EXECUTIVE DIRECTOR		Management	For		For
11.	TO RE-ELECT MR J RISHTON AS A NON- EXECUTIVE DIRECTOR		Management	For		For
12.	TO RE-ELECT MR F SIJBESMA AS A NON-EXECUTIVE DIRECTOR		Management	For		For
13.	TO ELECT DR M DEKKERS AS A NON- EXECUTIVE DIRECTOR		Management	For		For
14.	TO ELECT MR S MASIYIWA AS A NON- EXECUTIVE DIRECTOR		Management	For		For
15.	TO ELECT PROFESSOR Y MOON AS A NON-EXECUTIVE DIRECTOR		Management	For		For
16.	TO ELECT MR G PITKETHLY AS AN EXECUTIVE DIRECTOR		Management	For		For
17.	TO REAPPOINT KPMG LLP AS AUDITORS OF THE COMPANY		Management	For		For
18.	TO AUTHORISE THE DIRECTORS TO FIX THE REMUNERATION OF THE AUDITORS		Management	For		For
19.	TO AUTHORISE POLITICAL DONATIONS AND EXPENDITURE		Management	For		For
20.	TO RENEW THE AUTHORITY TO DIRECTORS TO ISSUE SHARES		Management	For		For
21.	TO RENEW THE AUTHORITY TO DIRECTORS TO DISAPPLY PRE- EMPTION RIGHTS		Management	For		For
22.	TO RENEW THE AUTHORITY TO THE COMPANY TO PURCHASE ITS OWN SHARES		Management	For		For
23.	TO SHORTEN THE NOTICE PERIOD FOR GENERAL MEETINGS		Management	For		For
WOLTERS KLUWER N.V., ALPHEN AAN DEN RIJN
Security		ADPV09931	Meeting Type				Annual General Meeting
Ticker Symbol		WKL NA	Meeting Date				21-Apr-2016
ISIN		NL0000395903	Agenda				706754199 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1	OPEN MEETING		Non-Voting
2.A	RECEIVE REPORT OF MANAGEMENT BOARD		Non-Voting
2.B	RECEIVE REPORT OF SUPERVISORY BOARD		Non-Voting
2.C	DISCUSS REMUNERATION REPORT		Non-Voting
3.A	ADOPT FINANCIAL STATEMENTS		Management	For		For
3.B	RECEIVE EXPLANATION ON COMPANY'S RESERVES AND DIVIDEND POLICY		Non-Voting
3.C	APPROVE DIVIDENDS OF EUR 0.75 PER SHARE		Management	For		For
4.A	APPROVE DISCHARGE OF MANAGEMENT BOARD		Management	For		For
4.B	APPROVE DISCHARGE OF SUPERVISORY BOARD		Management	For		For
5.A	REELECT RENE HOOFT GRAAFLAND TO SUPERVISORY BOARD		Management	For		For
5.B	ELECT JEANNETTE HORAN TO SUPERVISORY BOARD		Management	For		For
5.C	ELECT FIDELMA RUSSO TO SUPERVISORY BOARD		Management	For		For
6	APPROVE REMUNERATION OF SUPERVISORY BOARD		Management	For		For
7	AMEND ARTICLES RE: LEGISLATIVE UPDATES		Management	For		For
8.A	GRANT BOARD AUTHORITY TO ISSUE SHARES UP TO 10 PERCENT OF ISSUED CAPITAL		Management	For		For
8.B	AUTHORIZE BOARD TO EXCLUDE PREEMPTIVE RIGHTS FROM SHARE ISSUANCES		Management	For		For
9	AUTHORIZE REPURCHASE OF UP TO 10 PERCENT OF ISSUED SHARE CAPITAL		Management	For		For
10	OTHER BUSINESS		Non-Voting
11	CLOSE MEETING		Non-Voting
ASML HOLDINGS N.V.
Security		N07059210	Meeting Type				Annual
Ticker Symbol		ASML	Meeting Date				29-Apr-2016
ISIN		USN070592100	Agenda				934348269 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
4	PROPOSAL TO ADOPT THE FINANCIAL STATEMENTS OF COMPANY FOR THE FINANCIAL YEAR 2015, AS PREPARED IN ACCORDANCE WITH DUTCH LAW.		Management	For		For
5	PROPOSAL TO DISCHARGE THE MEMBERS OF THE BOARD OF MANAGEMENT FROM LIABILITY FOR THEIR RESPONSIBILITIES IN THE FINANCIAL YEAR 2015.		Management	For		For
6	PROPOSAL TO DISCHARGE THE MEMBERS OF THE SUPERVISORY BOARD FROM LIABILITY FOR THEIR RESPONSIBILITIES IN THE FINANCIAL YEAR 2015.		Management	For		For
8	PROPOSAL TO ADOPT A DIVIDEND OF EUR 1.05 PER ORDINARY SHARE.		Management	For		For
9	PROPOSAL TO APPROVE THE NUMBER OF SHARES FOR THE BOARD OF MANAGEMENT.		Management	For		For
10	PROPOSAL TO APPROVE THE NUMBER OF STOCK OPTIONS AND/OR SHARES FOR EMPLOYEES.		Management	For		For
12	PROPOSAL TO APPOINT KPMG AS EXTERNAL AUDITOR FOR THE REPORTING YEAR 2017.		Management	For		For
13A	AUTHORIZATION TO ISSUE ORDINARY SHARES OR GRANT RIGHTS TO SUBSCRIBE FOR ORDINARY SHARES (5%).		Management	For		For
13B	AUTHORIZATION TO RESTRICT OR EXCLUDE PRE-EMPTION RIGHTS IN CONNECTION WITH 13A.		Management	For		For
13C	AUTHORIZATION TO ISSUE SHARES OR GRANT RIGHTS TO SUBSCRIBE FOR ORDINARY SHARES IN CONNECTION WITH OR ON THE OCCASION OF MERGERS, ACQUISITIONS AND/OR (STRATEGIC) ALLIANCES (5%).		Management	For		For
13D	AUTHORIZATION TO RESTRICT OR EXCLUDE PRE-EMPTION RIGHTS IN CONNECTION WITH 13C.		Management	For		For
14A	AUTHORIZATION TO REPURCHASE ORDINARY SHARES UP TO 10% OF THE ISSUED SHARE CAPITAL.		Management	For		For
14B	AUTHORIZATION TO REPURCHASE ADDITIONAL ORDINARY SHARES UP TO 10% OF THE ISSUED SHARE CAPITAL.		Management	For		For
15	PROPOSAL TO CANCEL ORDINARY SHARES.		Management	For		For
BASF SE
Security		055262505	Meeting Type				Annual
Ticker Symbol		BASFY	Meeting Date				29-Apr-2016
ISIN		US0552625057	Agenda				934363259 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
2.	ADOPTION OF A RESOLUTION ON THE APPROPRIATION OF PROFIT.		Management	For		For
3.	ADOPTION OF A RESOLUTION GIVING FORMAL APPROVAL TO THE ACTIONS OF THE MEMBERS OF THE SUPERVISORY BOARD		Management	For		For
4.	ADOPTION OF A RESOLUTION GIVING FORMAL APPROVAL TO THE ACTIONS OF THE MEMBERS OF THE BOARD OF EXECUTIVE DIRECTORS		Management	For		For
5.	ELECTION OF THE AUDITOR FOR THE FINANCIAL YEAR 2016		Management	For		For
PEARSON PLC
Security		705015105	Meeting Type				Annual
Ticker Symbol		PSO	Meeting Date				29-Apr-2016
ISIN		US7050151056	Agenda				934372335 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1.	RECEIPT OF FINANCIAL STATEMENTS AND REPORTS		Management	For		For
2.	FINAL DIVIDEND		Management	For		For
3.	ELECTION OF SIDNEY TAUREL		Management	For		For
4.	ELECTION OF LINCOLN WALLEN		Management	For		For
5.	ELECTION OF CORAM WILLIAMS		Management	For		For
6.	RE-ELECTION OF ELIZABETH CORLEY		Management	For		For
7.	RE-ELECTION OF VIVIENNE COX		Management	For		For
8.	RE-ELECTION OF JOHN FALLON		Management	For		For
9.	RE-ELECTION OF JOSH LEWIS		Management	For		For
10.	RE-ELECTION OF LINDA LORIMER		Management	For		For
11.	RE-ELECTION OF HARISH MANWANI		Management	For		For
12.	RE-ELECTION OF TIM SCORE		Management	For		For
13.	APPROVAL OF ANNUAL REMUNERATION REPORT		Management	For		For
14.	REAPPOINTMENT OF AUDITORS		Management	For		For
15.	REMUNERATION OF AUDITORS		Management	For		For
16.	ALLOTMENT OF SHARES		Management	For		For
17.	WAIVER OF PRE-EMPTION RIGHTS		Management	For		For
18.	AUTHORITY TO PURCHASE OWN SHARES		Management	For		For
19.	REQUISITIONISTS' RESOLUTION		Shareholder	For		Against
ASML HOLDINGS N.V.
Security		N07059210	Meeting Type				Annual
Ticker Symbol		ASML	Meeting Date				29-Apr-2016
ISIN		USN070592100	Agenda				934377195 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
4	PROPOSAL TO ADOPT THE FINANCIAL STATEMENTS OF COMPANY FOR THE FINANCIAL YEAR 2015, AS PREPARED IN ACCORDANCE WITH DUTCH LAW.		Management	For		For
5	PROPOSAL TO DISCHARGE THE MEMBERS OF THE BOARD OF MANAGEMENT FROM LIABILITY FOR THEIR RESPONSIBILITIES IN THE FINANCIAL YEAR 2015.		Management	For		For
6	PROPOSAL TO DISCHARGE THE MEMBERS OF THE SUPERVISORY BOARD FROM LIABILITY FOR THEIR RESPONSIBILITIES IN THE FINANCIAL YEAR 2015.		Management	For		For
8	PROPOSAL TO ADOPT A DIVIDEND OF EUR 1.05 PER ORDINARY SHARE.		Management	For		For
9	PROPOSAL TO APPROVE THE NUMBER OF SHARES FOR THE BOARD OF MANAGEMENT.		Management	For		For
10	PROPOSAL TO APPROVE THE NUMBER OF STOCK OPTIONS AND/OR SHARES FOR EMPLOYEES.		Management	For		For
12	PROPOSAL TO APPOINT KPMG AS EXTERNAL AUDITOR FOR THE REPORTING YEAR 2017.		Management	For		For
13A	AUTHORIZATION TO ISSUE ORDINARY SHARES OR GRANT RIGHTS TO SUBSCRIBE FOR ORDINARY SHARES (5%).		Management	For		For
13B	AUTHORIZATION TO RESTRICT OR EXCLUDE PRE-EMPTION RIGHTS IN CONNECTION WITH 13A.		Management	For		For
13C	AUTHORIZATION TO ISSUE SHARES OR GRANT RIGHTS TO SUBSCRIBE FOR ORDINARY SHARES IN CONNECTION WITH OR ON THE OCCASION OF MERGERS, ACQUISITIONS AND/OR (STRATEGIC) ALLIANCES (5%).		Management	For		For
13D	AUTHORIZATION TO RESTRICT OR EXCLUDE PRE-EMPTION RIGHTS IN CONNECTION WITH 13C.		Management	For		For
14A	AUTHORIZATION TO REPURCHASE ORDINARY SHARES UP TO 10% OF THE ISSUED SHARE CAPITAL.		Management	For		For
14B	AUTHORIZATION TO REPURCHASE ADDITIONAL ORDINARY SHARES UP TO 10% OF THE ISSUED SHARE CAPITAL.		Management	For		For
15	PROPOSAL TO CANCEL ORDINARY SHARES.		Management	For		For
TELUS CORPORATION
Security		87971M103	Meeting Type				Annual
Ticker Symbol		TU	Meeting Date				05-May-2016
ISIN		CA87971M1032	Agenda				934362411 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
01	DIRECTOR		Management
	1	R. H. (DICK) AUCHINLECK		For		For
	2	MICHELINE BOUCHARD		For		For
	3	RAYMOND T. CHAN		For		For
	4	STOCKWELL DAY		For		For
	5	LISA DE WILDE		For		For
	6	DARREN ENTWISTLE		For		For
	7	MARY JO HADDAD		For		For
	8	JOHN S. LACEY		For		For
	9	WILLIAM A. MACKINNON		For		For
	10	JOHN MANLEY		For		For
	11	SARABJIT MARWAH		For		For
	12	DAVID L. MOWAT		For		For
02	APPOINT DELOITTE LLP AS AUDITORS FOR THE ENSUING YEAR AND AUTHORIZE DIRECTORS TO FIX THEIR REMUNERATION.		Management	For		For
03	RECONFIRMATION OF THE COMPANY'S SHAREHOLDER RIGHTS PLAN.		Management	For		For
04	ACCEPT THE COMPANY'S APPROACH TO EXECUTIVE COMPENSATION.		Management	For		For
POTASH CORPORATION OF SASKATCHEWAN INC.
Security		73755L107	Meeting Type				Annual and Special Meeting
Ticker Symbol		POT	Meeting Date				10-May-2016
ISIN		CA73755L1076	Agenda				934347940 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
01	DIRECTOR		Management
	1	C.M. BURLEY		For		For
	2	D.G. CHYNOWETH		For		For
	3	J.W. ESTEY		For		For
	4	G.W. GRANDEY		For		For
	5	C.S. HOFFMAN		For		For
	6	A.D. LABERGE		For		For
	7	C.E. MADERE		For		For
	8	K.G. MARTELL		For		For
	9	J.J. MCCAIG		For		For
	10	A.W. REGENT		For		For
	11	J.E. TILK		For		For
	12	E. VIYELLA DE PALIZA		For		For
	13	Z.A. YUJNOVICH		For		For
02	THE APPOINTMENT OF DELOITTE LLP AS AUDITORS OF THE CORPORATION UNTIL THE CLOSE OF THE NEXT ANNUAL MEETING.		Management	For		For
03	THE RESOLUTION (INCLUDED IN THE ACCOMPANYING MANAGEMENT PROXY CIRCULAR) APPROVING THE CORPORATION'S 2016 LONG-TERM INCENTIVE PLAN, THE FULL TEXT OF WHICH IS ATTACHED AS APPENDIX A TO THE ACCOMPANYING MANAGEMENT PROXY CIRCULAR.		Management	For		For
04	THE ADVISORY RESOLUTION ACCEPTING THE CORPORATION'S APPROACH TO EXECUTIVE COMPENSATION DISCLOSED IN THE ACCOMPANYING MANAGEMENT PROXY CIRCULAR.		Management	For		For
05	THE SHAREHOLDER PROPOSAL (ATTACHED AS APPENDIX E TO THE ACCOMPANYING MANAGEMENT PROXY CIRCULAR).		Shareholder	Against		Against
STATOIL ASA
Security		85771P102	Meeting Type				Annual
Ticker Symbol		STO	Meeting Date				11-May-2016
ISIN		US85771P1021	Agenda				934397731 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
3	ELECTION OF CHAIR FOR THE MEETING		Management	For		For
4	APPROVAL OF THE NOTICE AND THE AGENDA		Management	For		For
5	ELECTION OF TWO PERSONS TO CO- SIGN THE MINUTES TOGETHER WITH THE CHAIR OF THE MEETING		Management	For		For
6	APPROVAL OF THE ANNUAL REPORT AND ACCOUNTS FOR STATOIL ASA AND THE STATOIL GROUP FOR 2015, INCLUDING THE BOARD OF DIRECTORS' PROPOSAL FOR DISTRIBUTION OF 4Q 2015 DIVIDEND		Management	For		For
7	AUTHORISATION TO DISTRIBUTE DIVIDEND BASED ON APPROVED ANNUAL ACCOUNTS FOR 2015		Management	For		For
8A	APPROVAL OF A TWO-YEAR SCRIP DIVIDEND: SHARE CAPITAL INCREASE FOR ISSUE OF NEW SHARES IN CONNECTION WITH PAYMENT OF DIVIDEND FOR 4Q 2015		Management	For		For
8B	APPROVAL OF A TWO-YEAR SCRIP DIVIDEND: AUTHORISATION TO THE BOARD OF DIRECTORS TO INCREASE THE SHARE CAPITAL IN CONNECTION WITH PAYMENT OF DIVIDEND FOR 1Q TO 3Q 2016		Management	For		For
9	PROPOSAL FROM SHAREHOLDER REGARDING STATOIL'S STRATEGY		Shareholder	For		Against
10	THE BOARD OF DIRECTORS' REPORT ON CORPORATE GOVERNANCE		Management	For		For
11A	THE BOARD OF DIRECTORS' DECLARATION ON STIPULATION OF SALARY AND OTHER REMUNERATION FOR EXECUTIVE MANAGEMENT: ADVISORY VOTE RELATED TO THE BOARD OF DIRECTORS' DECLARATION ON STIPULATION OF SALARY AND OTHER REMUNERATION FOR EXECUTIVE MANAGEMENT		Management	For		For
11B	THE BOARD OF DIRECTORS' DECLARATION ON STIPULATION OF SALARY AND OTHER REMUNERATION FOR EXECUTIVE MANAGEMENT: APPROVAL OF THE BOARD OF DIRECTORS' PROPOSAL RELATED TO REMUNERATION LINKED TO THE DEVELOPMENT OF THE COMPANY'S SHARE PRICE		Management	For		For
12	APPROVAL OF REMUNERATION FOR THE COMPANY'S EXTERNAL AUDITOR FOR 2015		Management	For		For
13A	ELECTION OF MEMBERS TO THE CORPORATE ASSEMBLY: THE NOMINATION COMMITTEE'S JOINT PROPOSAL (OR INDIVIDUAL VOTING)		Management	For		For
13B	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER TONE LUNDE BAKKER (EXISTING MEMBER, NOMINATED AS NEW CHAIR)		Management	For		For
13C	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER NILS BASTIANSEN (NEW ELECTION, NOMINATED AS DEPUTY CHAIR)		Management	For		For
13D	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER GREGER MANNSVERK (RE-ELECTION)		Management	For		For
13E	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER STEINAR OLSEN (RE-ELECTION)		Management	For		For
13F	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER INGVALD STROMMEN (RE-ELECTION)		Management	For		For
13G	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER RUNE BJERKE (RE-ELECTION)		Management	For		For
13H	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER SIRI KALVIG (RE-ELECTION)		Management	For		For
13I	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER TERJE VENOLD (RE-ELECTION)		Management	For		For
13J	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER KJERSTI KLEVEN (RE-ELECTION)		Management	For		For
13K	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER BIRGITTE RINGSTAD VARTDAL (NEW MEMBER,EXISTING 4. DEPUTY MEMBER)		Management	For		For
13L	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER JARLE ROTH (NEW ELECTION)		Management	For		For
13M	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER KATHRINE NAESS (NEW ELECTION)		Management	For		For
13N	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: 1ST DEPUTY MEMBER: KJERSTIN FYLLINGEN (NEW ELECTION)		Management	For		For
13O	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: 2ND DEPUTY MEMBER: NINA KIVIJERVI JONASSEN (EXISTING 3. DEPUTY MEMBER)		Management	For		For
13P	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: 3RD DEPUTY MEMBER: HAKON VOLLDAL (NEW ELECTION)		Management	For		For
13Q	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: 4TH DEPUTY MEMBER: KARI SKEIDSVOLL MOE (NEW ELECTION)		Management	For		For
14A	ELECTION OF MEMBER TO THE NOMINATION COMMITTEE: THE NOMINATION COMMITTEE'S JOINT PROPOSAL (OR INDIVIDUAL VOTING)		Management	For		For
14B	ELECTION OF MEMBER TO THE NOMINATION COMMITTEE: CHAIR TONE LUNDE BAKKER (EXISTING MEMBER, NEW ELECTION AS CHAIR)		Management	For		For
14C	ELECTION OF MEMBER TO THE NOMINATION COMMITTEE: MEMBER TOM RATHKE (RE-ELECTION)		Management	For		For
14D	ELECTION OF MEMBER TO THE NOMINATION COMMITTEE: MEMBER ELISABETH BERGE WITH PERSONAL DEPUTY MEMBER BJORN STALE HAAVIK (RE-ELECTION)		Management	For		For
14E	ELECTION OF MEMBER TO THE NOMINATION COMMITTEE: MEMBER JARLE ROTH (NEW ELECTION)		Management	For		For
15	AUTHORISATION TO ACQUIRE STATOIL ASA SHARES IN THE MARKET TO CONTINUE OPERATION OF THE SHARE SAVINGS PLAN FOR EMPLOYEES		Management	For		For
16	AUTHORISATION TO ACQUIRE STATOIL ASA SHARES IN THE MARKET FOR SUBSEQUENT ANNULMENT		Management	For		For
17	MARKETING INSTRUCTIONS FOR STATOIL ASA – ADJUSTMENTS		Management	For		For
18	PROPOSAL SUBMITTED BY A SHAREHOLDER REGARDING THE ESTABLISHMENT OF A RISK MANAGEMENT INVESTIGATION COMMITTEE		Shareholder	Against		Take No Action
TELEFONICA, S.A.
Security		879382208	Meeting Type				Annual
Ticker Symbol		TEF	Meeting Date				11-May-2016
ISIN		US8793822086	Agenda				934406908 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1.	APPROVAL OF THE ANNUAL ACCOUNTS AND OF THE MANAGEMENT REPORT OF BOTH TELEFONICA, S.A. AND OF ITS CONSOLIDATED GROUP OF COMPANIES FOR FISCAL YEAR 2015.		Management	For		Take No Action
2.	APPROVAL OF THE PROPOSED ALLOCATION OF THE PROFITS/LOSSES OF TELEFONICA, S.A. FOR FISCAL YEAR 2015.		Management	For		Take No Action
3.	APPROVAL OF THE MANAGEMENT OF THE BOARD OF DIRECTORS OF TELEFONICA, S.A. DURING FISCAL YEAR 2015.		Management	For		Take No Action
4A.	RE-ELECTION OF MR. ISIDRO FAINE CASAS AS PROPRIETARY DIRECTOR.		Management	For		Take No Action
4B.	RE-ELECTION OF MR. JULIO LINARES LOPEZ AS OTHER EXTERNAL DIRECTOR.		Management	For		Take No Action
4C.	RE-ELECTION OF MR. PETER ERSKINE AS INDEPENDENT DIRECTOR.		Management	For		Take No Action
4D.	RE-ELECTION OF MR. ANTONIO MASSANELL LAVILLA AS PROPRIETARY DIRECTOR.		Management	For		Take No Action
4E.	RATIFICATION AND APPOINTMENT OF MR. WANG XIAOCHU AS PROPRIETARY DIRECTOR.		Management	For		Take No Action
4F.	RATIFICATION AND APPOINTMENT OF MS. SABINA FLUXA THIENEMANN AS INDEPENDENT DIRECTOR.		Management	For		Take No Action
4G.	RATIFICATION AND APPOINTMENT OF MR. JOSE JAVIER ECHENIQUE LANDIRIBAR AS INDEPENDENT DIRECTOR.		Management	For		Take No Action
4H.	RATIFICATION AND APPOINTMENT OF MR. PETER LOSCHER AS INDEPENDENT DIRECTOR.		Management	For		Take No Action
4I.	RATIFICATION AND APPOINTMENT OF MR. JUAN IGNACIO CIRAC SASTURAIN AS INDEPENDENT DIRECTOR.		Management	For		Take No Action
5.	RE-ELECTION OF THE AUDITOR FOR FISCAL YEAR 2016.		Management	For		Take No Action
6.	APPOINTMENT OF THE AUDITOR FOR FISCAL YEARS 2017, 2018 AND 2019.		Management	For		Take No Action
7.	APPROVAL OF A REDUCTION IN SHARE CAPITAL BY MEANS OF THE CANCELLATION OF SHARES OF THE COMPANY'S OWN STOCK, EXCLUDING THE RIGHT OF CREDITORS TO OBJECT, SUBJECT TO EFFECTIVE RECEIPT OF THE PROCEEDS FROM THE CLOSING OF THE SALE OF TELEFONICA'S OPERATIONS IN THE UNITED KINGDOM (O2 UK).		Management	For		Take No Action
8A.	DISTRIBUTION OF DIVIDENDS IN THE FIRST HALF OF 2016 WITH A CHARGE TO UNRESTRICTED RESERVES.		Management	For		Take No Action
8B.	SHAREHOLDER COMPENSATION IN THE SECOND HALF OF 2016 VIA SCRIP DIVIDEND. APPROVAL OF AN INCREASE IN SHARE CAPITAL WITH A CHARGE TO RESERVES BY SUCH AMOUNT AS MAY BE DETERMINED PURSUANT TO THE TERMS AND CONDITIONS OF THE RESOLUTION, THROUGH THE ISSUANCE OF NEW ORDINARY SHARES HAVING A PAR VALUE OF ONE EURO AND WITH PROVISION FOR INCOMPLETE ALLOCATION. OFFER TO THE SHAREHOLDERS TO PURCHASE THEIR FREE ALLOTMENT RIGHTS AT A GUARANTEED PRICE. THE IMPLEMENTATION OF THE INCREASE IN SHARE ...(DUE TO SPACE LIMITS, SEE PROXY MATERIAL FOR FULL PROPOSAL).		Management	For		Take No Action
9.	DELEGATION OF POWERS TO FORMALIZE, INTERPRET, CORRECT AND CARRY OUT THE RESOLUTIONS ADOPTED BY THE SHAREHOLDERS AT THE GENERAL SHAREHOLDERS' MEETING.		Management	For		Take No Action
10.	CONSULTATIVE VOTE ON THE 2015 ANNUAL REPORT ON DIRECTORS' REMUNERATION.		Management	For		Take No Action
KONINKLIJKE PHILIPS ELECTRONICS N.V.
Security		500472303	Meeting Type				Annual
Ticker Symbol		PHG	Meeting Date				12-May-2016
ISIN		US5004723038	Agenda				934402811 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
2C	PROPOSAL TO ADOPT THE 2015 FINANCIAL STATEMENTS		Management	For		For
2D	PROPOSAL TO ADOPT A DIVIDEND OF EUR 0.80 PER COMMON SHARE, IN CASH OR IN SHARES AT THE OPTION OF THE SHAREHOLDER		Management	For		For
2E	PROPOSAL TO DISCHARGE THE MEMBERS OF THE BOARD OF MANAGEMENT FOR THEIR RESPONSIBILITIES		Management	For		For
2F	PROPOSAL TO DISCHARGE THE MEMBERS OF THE SUPERVISORY BOARD FOR THEIR RESPONSIBILITIES		Management	For		For
3	PROPOSAL TO RE-APPOINT MRS N. DHAWAN AS MEMBER OF THE SUPERVISORY BOARD WITH EFFECT FROM MAY 12, 2016		Management	For		For
4	PROPOSAL TO DETERMINE THE REMUNERATION OF THE MEMBERS OF THE QUALITY & REGULATORY COMMITTEE OF THE SUPERVISORY BOARD		Management	For		For
5A	PROPOSAL TO AUTHORIZE THE BOARD OF MANAGEMENT TO ISSUE SHARES OR GRANT RIGHTS TO ACQUIRE SHARES		Management	For		For
5B	PROPOSAL TO AUTHORIZE THE BOARD OF MANAGEMENT TO RESTRICT OR EXCLUDE PRE-EMPTION RIGHTS		Management	For		For
6	PROPOSAL TO AUTHORIZE THE BOARD OF MANAGEMENT TO ACQUIRE SHARES IN THE COMPANY		Management	For		For
7	PROPOSAL TO AUTHORIZE THE BOARD OF MANAGEMENT TO CANCEL SHARES		Management	For		For
CARREFOUR
Security		144430204	Meeting Type				Annual
Ticker Symbol		CRRFY	Meeting Date				17-May-2016
ISIN		US1444302046	Agenda				934401174 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1.	APPROVAL OF THE CORPORATE FINANCIAL STATEMENTS FOR FISCAL YEAR 2015		Management	For		Take No Action
2.	APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR FISCAL YEAR 2015		Management	For		Take No Action
3.	ALLOCATION OF EARNINGS AND SETTING THE DIVIDEND; OPTION FOR PAYMENT OF THE DIVIDEND IN SHARES		Management	For		Take No Action
4.	APPROVAL OF REGULATED AGREEMENTS REFERRED TO IN ARTICLES L. 225-38 ET SEQ. OF THE FRENCH COMMERCIAL CODE		Management	For		Take No Action
5.	ADVISORY OPINION ON THE ELEMENTS OF COMPENSATION DUE OR AWARDED FOR FISCAL YEAR 2015 TO THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER		Management	For		Take No Action
6.	RENEWAL OF THE APPOINTMENT OF MR. THIERRY BRETON AS MEMBER OF THE BOARD OF DIRECTORS		Management	For		Take No Action
7.	RENEWAL OF THE APPOINTMENT OF MR. CHARLES EDELSTENNE AS MEMBER OF THE BOARD OF DIRECTORS		Management	For		Take No Action
8.	RENEWAL OF THE APPOINTMENT OF MRS. ANNE-CLAIRE TAITTINGER AS MEMBER OF THE BOARD OF DIRECTORS		Management	For		Take No Action
9.	APPOINTMENT OF MR. ABILIO DINIZ AS MEMBER OF THE BOARD OF DIRECTORS		Management	For		Take No Action
10.	APPOINTMENT OF MR. NADRA MOUSSALEM AS MEMBER OF THE BOARD OF DIRECTORS		Management	For		Take No Action
11.	APPROVAL OF THE DIRECTOR'S ANNUAL ATTENDANCE FEES		Management	For		Take No Action
12.	AUTHORIZATION FOR THE BOARD OF DIRECTORS TO TRADE IN THE COMPANY'S OWN SHARES FOR A PERIOD OF 18 MONTHS PURSUANT TO ARTICLE L. 225-209 OF THE FRENCH COMMERCIAL CODE		Management	For		Take No Action
13.	AUTHORIZATION GRANTED FOR A PERIOD OF 24 MONTHS TO THE BOARD OF DIRECTORS TO REDUCE THE SHARE CAPITAL BY CANCELLING SHARES ALREADY ACQUIRED THROUGH A SHARE REPURCHASE PROGRAM		Management	For		Take No Action
14.	AUTHORIZATION GRANTED FOR A PERIOD OF 38 MONTHS TO THE BOARD OF DIRECTORS TO ALLOCATE FREE OF CHARGE EXISTING OR NEW SHARES TO SALARIED PERSONNEL AND EXECUTIVE OFFICERS OF THE COMPANY AND ITS SUBSIDIARIES, WHICH WOULD ENTAIL A WAIVER BY THE SHAREHOLDERS OF THEIR PREFERENTIAL SUBSCRIPTION RIGHTS TO THE FREE SHARES TO BE ISSUED, UP TO 0.8% OF THE SHARE CAPITAL		Management	For		Take No Action
15.	AUTHORIZATION GRANTED FOR A PERIOD OF 26 MONTHS TO THE BOARD OF DIRECTORS TO INCREASE THE SHARE CAPITAL, CANCELLING THE PREFERENTIAL SUBSCRIPTIONS RIGHTS FOR SHAREHOLDERS, IN FAVOR OF EMPLOYEES WHO ARE MEMBERS OF A COMPANY SAVINGS PLAN, FOR A MAXIMUM NOMINAL AMOUNT OF €35 MILLION		Management	For		Take No Action
16.	AMENDMENT TO ARTICLE 20 OF THE COMPANY'S ARTICLES OF ASSOCIATION		Management	For		Take No Action
NICE-SYSTEMS LTD.
Security		653656108	Meeting Type				Annual
Ticker Symbol		NICE	Meeting Date				17-May-2016
ISIN		US6536561086	Agenda				934402708 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1A	ELECTION OF DIRECTOR: DAVID KOSTMAN		Management	For		For
1B	ELECTION OF DIRECTOR: RIMON BEN- SHAOUL		Management	For		For
1C	ELECTION OF DIRECTOR: YEHOSHUA (SHUKI) EHRLICH		Management	For		For
1D	ELECTION OF DIRECTOR: LEO APOTHEKER		Management	For		For
1E	ELECTION OF DIRECTOR: JOE COWAN		Management	For		For
2A	ELECTION OF OUTSIDE DIRECTOR: DAN FALK		Management	For		Take No Action
2AA	REGARDING PROPOSAL 2A., INDICATE WHETHER YOU ARE A "CONTROLLING SHAREHOLDER" OR HAVE A PERSONAL BENEFIT OR OTHER INTEREST IN THIS PROPOSAL. IF YOU MARK "YES", PLEASE CONTACT THE COMPANY AS SPECIFIED IN THE PROXY STATEMENT. MARK "FOR"=YES AND "AGAINST"=NO YOU MUST MARK "AGAINST" (NO) FOR YOUR VOTE TO COUNT		Management	For		Take No Action
2B	ELECTION OF OUTSIDE DIRECTOR: YOCHEVED DVIR		Management	For		Take No Action
2BB	REGARDING PROPOSAL 2B., INDICATE WHETHER YOU ARE A "CONTROLLING SHAREHOLDER" OR HAVE A PERSONAL BENEFIT OR OTHER INTEREST IN THIS PROPOSAL. IF YOU MARK "YES", PLEASE CONTACT THE COMPANY AS SPECIFIED IN THE PROXY STATEMENT. MARK "FOR"=YES AND "AGAINST"=NO YOU MUST MARK "AGAINST" (NO) FOR YOUR VOTE TO COUNT		Management	For		Take No Action
3	TO AMEND THE COMPANY'S MEMORANDUM AND ARTICLES OF ASSOCIATION.		Management	For		For
4	TO APPROVE THE GRANT OF OPTIONS AND RESTRICTED SHARE UNITS TO THE COMPANY'S NON-EXECUTIVE DIRECTORS.		Management	For		For
5	TO APPROVE CERTAIN AMENDMENTS TO OUR CHIEF EXECUTIVE OFFICER'S COMPENSATION.		Management	For		Take No Action
5A	REGARDING PROPOSAL 5., INDICATE WHETHER YOU ARE A "CONTROLLING SHAREHOLDER" OR HAVE A PERSONAL BENEFIT OR OTHER INTEREST IN THIS PROPOSAL. IF YOU MARK "YES", PLEASE CONTACT THE COMPANY AS SPECIFIED IN THE PROXY STATEMENT. MARK "FOR"=YES AND "AGAINST"=NO YOU MUST MARK "AGAINST" (NO) FOR YOUR VOTE TO COUNT		Management	For		Take No Action
6	TO RE-APPOINT THE COMPANY'S INDEPENDENT AUDITORS AND TO AUTHORIZE THE COMPANY'S BOARD OF DIRECTORS TO FIX THEIR REMUNERATION.		Management	For		For
BELMOND LTD.
Security		G1154H107	Meeting Type				Annual
Ticker Symbol		BEL	Meeting Date				06-Jun-2016
ISIN		BMG1154H1079	Agenda				934401617 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1.	DIRECTOR		Management
	1	HARSHA V. AGADI		For		For
	2	JOHN D. CAMPBELL		For		For
	3	ROLAND A. HERNANDEZ		For		For
	4	MITCHELL C. HOCHBERG		For		For
	5	RUTH A. KENNEDY		For		For
	6	IAN LIVINGSTON		For		For
	7	GAIL REBUCK		For		For
	8	H. ROELAND VOS		For		For
2.	APPOINTMENT OF DELOITTE LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM, AND AUTHORIZATION OF THE AUDIT COMMITTEE TO FIX ACCOUNTING FIRM'S REMUNERATION.		Management	For		For
MERCADOLIBRE, INC.
Security		58733R102	Meeting Type				Annual
Ticker Symbol		MELI	Meeting Date				10-Jun-2016
ISIN		US58733R1023	Agenda				934406681 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1.	DIRECTOR		Management
	1	EMILIANO CALEMZUK		For		For
	2	MARCOS GALPERIN		For		For
	3	ROBERTO BALLS SALLOUTI		For		For
2.	ADVISORY VOTE ON THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.		Management	For		For
3.	RATIFICATION OF THE APPOINTMENT OF DELOITTE & CO. S.A. AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2016.		Management	For		For
TOYOTA MOTOR CORPORATION
Security		892331307	Meeting Type				Annual
Ticker Symbol		TM	Meeting Date				15-Jun-2016
ISIN		US8923313071	Agenda				934437713 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1A.	ELECTION OF BOARD OF DIRECTOR PROPOSED RESOLUTION: TAKESHI UCHIYAMADA		Management	For		Take No Action
1B.	ELECTION OF BOARD OF DIRECTOR PROPOSED RESOLUTION: AKIO TOYODA		Management	For		Take No Action
1C.	ELECTION OF BOARD OF DIRECTOR PROPOSED RESOLUTION: NOBUYORI KODAIRA		Management	For		Take No Action
1D.	ELECTION OF BOARD OF DIRECTOR PROPOSED RESOLUTION: MITSUHISA KATO		Management	For		Take No Action
1E.	ELECTION OF BOARD OF DIRECTOR PROPOSED RESOLUTION: TAKAHIKO IJICHI		Management	For		Take No Action
1F.	ELECTION OF BOARD OF DIRECTOR PROPOSED RESOLUTION: DIDIER LEROY		Management	For		Take No Action
1G.	ELECTION OF BOARD OF DIRECTOR PROPOSED RESOLUTION: SHIGEKI TERASHI		Management	For		Take No Action
1H.	ELECTION OF BOARD OF DIRECTOR PROPOSED RESOLUTION: SHIGERU HAYAKAWA		Management	For		Take No Action
1I.	ELECTION OF BOARD OF DIRECTOR PROPOSED RESOLUTION: IKUO UNO		Management	For		Take No Action
1J.	ELECTION OF BOARD OF DIRECTOR PROPOSED RESOLUTION: HARUHIKO KATO		Management	For		Take No Action
1K.	ELECTION OF BOARD OF DIRECTOR PROPOSED RESOLUTION: MARK T. HOGAN		Management	For		Take No Action
2A.	ELECTION OF SUBSTITUTE AUDIT & SUPERVISORY BOARD MEMBER PROPOSED RESOLUTION: RYUJI SAKAI		Management	For		Take No Action
3.	PAYMENT OF BONUSES TO MEMBERS OF THE BOARD OF DIRECTORS		Management	For		Take No Action
SINOPHARM GROUP CO LTD, SHANGHAI
Security		Y8008N107	Meeting Type				Annual General Meeting
Ticker Symbol		1099 HK	Meeting Date				16-Jun-2016
ISIN		CNE100000FN7	Agenda				707134223 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1	TO CONSIDER AND APPROVE THE REPORT OF THE BOARD OF DIRECTORS OF THE COMPANY (THE "BOARD") FOR THE YEAR ENDED 31 DECEMBER 2015		Management	For		For
2	TO CONSIDER AND APPROVE THE REPORT OF THE SUPERVISORY COMMITTEE OF THE COMPANY (THE "SUPERVISORY COMMITTEE") FOR THE YEAR ENDED 31 DECEMBER 2015		Management	For		For
3	TO CONSIDER AND APPROVE THE AUDITED FINANCIAL STATEMENTS OF THE COMPANY AND ITS SUBSIDIARIES FOR THE YEAR ENDED 31 DECEMBER 2015 AND THE AUDITORS' REPORT		Management	For		For
4	TO CONSIDER AND APPROVE THE PROFIT DISTRIBUTION PLAN AND PAYMENT OF THE FINAL DIVIDEND FOR THE YEAR ENDED 31 DECEMBER 2015: RMB0.41 PER SHARE		Management	For		For
5	TO CONSIDER AND AUTHORIZE THE BOARD TO DETERMINE THE REMUNERATION OF THE DIRECTORS OF THE COMPANY (THE "DIRECTORS") FOR THE YEAR ENDING 31 DECEMBER 2016		Management	For		For
6	TO CONSIDER AND AUTHORIZE THE SUPERVISORY COMMITTEE TO DETERMINE THE REMUNERATION OF THE SUPERVISORS OF THE COMPANY (THE "SUPERVISORS") FOR THE YEAR ENDING 31 DECEMBER 2016		Management	For		For
7	TO CONSIDER AND APPROVE THE DELEGATION OF THE POWER TO THE BOARD TO APPROVE THE GUARANTEES IN FAVOR OF THIRD PARTIES WITH AN AGGREGATE TOTAL VALUE OF NOT MORE THAN 30% OF THE LATEST AUDITED TOTAL ASSETS OF THE COMPANY OVER A PERIOD OF 12 MONTHS; AND IF THE ABOVE DELEGATION IS NOT CONSISTENT WITH, COLLIDES WITH OR CONFLICTS WITH THE REQUIREMENTS UNDER THE RULES GOVERNING THE LISTING OF SECURITIES (THE "HONG KONG LISTING RULES") ON THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "HONG KONG STOCK EXCHANGE") OR OTHER REQUIREMENTS OF THE HONG KONG STOCK EXCHANGE, THE REQUIREMENTS UNDER THE HONG KONG LISTING RULES OR OTHER REQUIREMENTS OF THE HONG KONG STOCK EXCHANGE SHOULD BE FOLLOWED		Management	For		For
8	TO CONSIDER AND, IF THOUGHT FIT, TO APPROVE THE APPOINTMENT OF MR. WU YIJIAN AS A NON-EXECUTIVE DIRECTOR, TO AUTHORISE THE BOARD TO DETERMINE HIS REMUNERATION, AND TO AUTHORISE ANY EXECUTIVE DIRECTOR TO EXECUTE A SERVICE CONTRACT OR SUCH OTHER DOCUMENTS OR SUPPLEMENTAL AGREEMENTS OR DEEDS ON BEHALF OF THE COMPANY		Management	For		For
9	TO CONSIDER AND, IF THOUGHT FIT, TO APPROVE: "THAT: (A) THE COMPANY BE AND IS HEREBY AUTHORISED TO ISSUE DEBT FINANCING INSTRUMENTS (THE "DEBT FINANCING INSTRUMENTS") WITH THE AGGREGATE AMOUNT LIMIT FOR ALL BONDS FOR WHICH REGISTRATION IS APPLIED FOR BEING NO MORE THAN RMB20 BILLION; (B) THE GENERAL MANAGER OF THE COMPANY, BE AND IS HEREBY AUTHORIZED TO DEAL WITH ALL THE MATTERS IN RELATION TO THE PROPOSED ISSUE OF DEBT FINANCING INSTRUMENTS IN ITS/HIS SOLE DISCRETION, INCLUDING BUT NOT LIMITED TO: (I) ACCORDING TO LAWS, REGULATIONS, AND THE SPECIFIC CONDITIONS OF THE COMPANY AND DEBT MARKET, TO FORMULATE, ADJUST AND IMPLEMENT THE SPECIFIC PLANS, TERMS AND CONDITIONS FOR THE ISSUE OF THE DEBT FINANCING INSTRUMENTS, INCLUDING, AMONG OTHERS, DETERMINATION OF THE CATEGORY(IES) OF ISSUE, THE SIZE OF ISSUE, THE METHOD OF ISSUE (INCLUDING THE ISSUE AMOUNT IN EACH TRANCHE), THE TERMS OF ISSUE, INTEREST RATE, USE OF PROCEEDS, GUARANTEE AND DEBT SECURITY ARRANGEMENTS; (II) TO FORMULATE, APPROVE, EXECUTE, MODIFY AND ANNOUNCE THE LEGAL DOCUMENTS RELATING TO THE ISSUE, AND MAKE THE APPROPRIATE ADJUSTMENT OR SUPPLEMENT TO THE FILINGS PURSUANT TO THE REQUIREMENTS OF THE REGULATORY AUTHORITIES; (III) TO SELECT THE BOND TRUSTEE(S), EXECUTE BOND TRUSTEE MANAGEMENT AGREEMENT(S) AND PROMULGATE THE RULES FOR BONDHOLDERS' GENERAL MEETING; (IV) TO MAKE CORRESPONDING ADJUSTMENTS TO THE RELEVANT MATTERS OR DETERMINE WHETHER TO CONTINUE THE ISSUE IN ACCORDANCE WITH THE PRACTICAL SITUATION IN THE CASE OF ANY CHANGES IN OPINIONS FROM REGULATORY AUTHORITIES, THE POLICIES AND MARKET CONDITIONS EXCEPT WHERE RE-VOTING AT A GENERAL MEETING IS REQUIRED BY ANY RELEVANT LAWS AND REGULATIONS AND THE ARTICLES OF ASSOCIATION OF THE COMPANY; (V) TO DEAL WITH ALL RELEVANT MATTERS IN RELATION TO THE REPORTING AND LISTING OF THE DEBT FINANCING INSTRUMENTS; (VI) TO DETERMINE THE ENGAGEMENT OF NECESSARY INTERMEDIARY AGENCIES IN RELATION TO THE ISSUE OF THE DEBT FINANCING INSTRUMENTS; AND (VII) TO DEAL WITH OTHER SPECIFIC MATTERS IN RELATION TO THE ISSUE OF DEBT FINANCING INSTRUMENTS		Management	For		For
10	TO CONSIDER AND APPROVE TO GRANT A GENERAL MANDATE TO THE BOARD TO EXERCISE THE POWER OF THE COMPANY TO ALLOT, ISSUE AND/OR DEAL WITH DOMESTIC SHARES AND/OR H SHARES		Management	For		For
11	TO CONSIDER AND APPROVE THE APPOINTMENT OF ERNST & YOUNG HUA MING LLP AS THE DOMESTIC AUDITOR OF THE COMPANY (TO REPLACE PRICEWATERHOUSECOOPERS ZHONG TIAN LLP) TO HOLD OFFICE UNTIL CONCLUSION OF THE NEXT ANNUAL GENERAL MEETING, AND TO RATIFY AND CONFIRM ITS REMUNERATION DETERMINED BY THE AUDIT COMMITTEE OF THE BOARD OF THE COMPANY		Management	For		For
12	TO CONSIDER AND APPROVE THE APPOINTMENT OF ERNST & YOUNG AS THE INTERNATIONAL AUDITOR OF THE COMPANY (TO REPLACE PRICEWATERHOUSECOOPERS CERTIFIED PUBLIC ACCOUNTANTS, HONG KONG) TO HOLD OFFICE UNTIL CONCLUSION OF THE NEXT ANNUAL GENERAL MEETING, AND TO RATIFY AND CONFIRM ITS REMUNERATION DETERMINED BY THE AUDIT COMMITTEE OF THE BOARD OF THE COMPANY		Management	For		For
NIDEC CORPORATION
Security		654090109	Meeting Type				Annual
Ticker Symbol		NJDCY	Meeting Date				17-Jun-2016
ISIN		US6540901096	Agenda				934430478 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1.	DIRECTOR		Management
	1	SHIGENOBU NAGAMORI		For		For
	2	HIROSHI KOBE		For		For
	3	MIKIO KATAYAMA		For		For
	4	AKIRA SATO		For		For
	5	TOSHIHIKO MIYABE		For		For
	6	KIYOTO IDO		For		For
	7	NORIKO ISHIDA		For		For
2.1	APPOINTMENT TO THE AUDIT & SUPERVISORY BOARD: EISUKE NAGATOMO		Management	For		For
2.2	APPOINTMENT TO THE AUDIT & SUPERVISORY BOARD: JUNKO WATANABE		Management	For		For

Saturna Investment Trust, Sextant Core Fund (SCORX) Proxy Voting Record relating to shareholder meetings held from July 1, 2015 through June 30, 2016
XILINX, INC.
Security				983919101	Meeting Type				Annual
Ticker Symbol				XLNX	Meeting Date				12-Aug-2015
ISIN				US9839191015	Agenda				934252153 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.1	ELECTION OF DIRECTOR: PHILIP T. GIANOS				Management	For		For
1.2	ELECTION OF DIRECTOR: MOSHE N. GAVRIELOV				Management	For		For
1.3	ELECTION OF DIRECTOR: WILLIAM G. HOWARD, JR.				Management	For		For
1.4	ELECTION OF DIRECTOR: J. MICHAEL PATTERSON				Management	For		For
1.5	ELECTION OF DIRECTOR: ALBERT A. PIMENTEL				Management	For		For
1.6	ELECTION OF DIRECTOR: MARSHALL C. TURNER				Management	For		For
1.7	ELECTION OF DIRECTOR: ELIZABETH W. VANDERSLICE				Management	For		For
2.	PROPOSAL TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS				Management	For		For
3.	PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY'S EXTERNAL AUDITORS FOR FISCAL 2016				Management	For		For
RPM INTERNATIONAL INC.
Security				749685103	Meeting Type				Annual
Ticker Symbol				RPM	Meeting Date				08-Oct-2015
ISIN				US7496851038	Agenda				934273943 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	DIRECTOR				Management
		1	JOHN P. ABIZAID			For		For
		2	BRUCE A. CARBONARI			For		For
		3	JENNIFFER D. DECKARD			For		For
		4	SALVATORE D. FAZZOLARI			For		For
		5	THOMAS S. GROSS			For		For
2.	APPROVE THE COMPANY'S EXECUTIVE COMPENSATION.				Management	For		For
3.	RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.				Management	For		For
ORACLE CORPORATION
Security				68389X105	Meeting Type				Annual
Ticker Symbol				ORCL	Meeting Date				18-Nov-2015
ISIN				US68389X1054	Agenda				934283083 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	DIRECTOR				Management
		1	JEFFREY S. BERG			For		For
		2	H. RAYMOND BINGHAM			For		For
		3	MICHAEL J. BOSKIN			For		For
		4	SAFRA A. CATZ			For		For
		5	BRUCE R. CHIZEN			For		For
		6	GEORGE H. CONRADES			For		For
		7	LAWRENCE J. ELLISON			For		For
		8	HECTOR GARCIA-MOLINA			For		For
		9	JEFFREY O. HENLEY			For		For
		10	MARK V. HURD			For		For
		11	LEON E. PANETTA			For		For
		12	NAOMI O. SELIGMAN			For		For
2.	RE-APPROVAL OF THE ORACLE CORPORATION EXECUTIVE BONUS PLAN.				Management	For		For
3.	ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION.				Management	For		For
4.	RATIFICATION OF THE SELECTION OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2016.				Management	For		For
5.	STOCKHOLDER PROPOSAL REGARDING RENEWABLE ENERGY TARGETS.				Shareholder	Against		Against
6.	STOCKHOLDER PROPOSAL REGARDING PROXY ACCESS.				Shareholder	Against		Against
7.	STOCKHOLDER PROPOSAL REGARDING QUANTIFIABLE PERFORMANCE METRICS.				Shareholder	Against		Against
8.	STOCKHOLDER PROPOSAL REGARDING AMENDMENT OF THE GOVERNANCE GUIDELINES.				Shareholder	Against		Against
9.	STOCKHOLDER PROPOSAL REGARDING VOTE TABULATION.				Shareholder	Against		Against
10.	STOCKHOLDER PROPOSAL REGARDING LOBBYING REPORT.				Shareholder	Against		Against
SOUTH32 LIMITED
Security				84473L105	Meeting Type				Annual
Ticker Symbol				SOUHY	Meeting Date				18-Nov-2015
ISIN				US84473L1052	Agenda				934289667 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
2.	ELECTION OF XOLANI MKHWANAZI AS A DIRECTOR				Management	For		For
3.	RE-ELECTION OF DAVID CRAWFORD AS A DIRECTOR				Management	For		For
4.	APPOINTMENT OF AUDITOR				Management	For		For
5.	ADOPTION OF THE REMUNERATION REPORT				Management	For		For
6.	GRANT OF AWARDS TO EXECUTIVE DIRECTOR				Management	For		For
7.	APPROVAL OF LEAVING ENTITLEMENTS				Management	For		For
BHP BILLITON LIMITED
Security				088606108	Meeting Type				Annual
Ticker Symbol				BHP	Meeting Date				19-Nov-2015
ISIN				US0886061086	Agenda				934284744 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	TO RECEIVE THE 2015 FINANCIAL STATEMENTS AND REPORTS FOR BHP BILLITON				Management	For		For
2.	TO REAPPOINT KPMG LLP AS THE AUDITOR OF BHP BILLITON PLC				Management	For		For
3.	TO AUTHORISE THE RISK AND AUDIT COMMITTEE TO AGREE THE REMUNERATION OF THE AUDITOR OF BHP BILLITON PLC				Management	For		For
4.	TO RENEW THE GENERAL AUTHORITY TO ISSUE SHARES IN BHP BILLITON PLC				Management	For		For
5.	TO APPROVE THE AUTHORITY TO ISSUE SHARES IN BHP BILLITON PLC FOR CASH				Management	For		For
6.	TO APPROVE THE REPURCHASE OF SHARES IN BHP BILLITON PLC				Management	For		For
7.	TO APPROVE THE 2015 REMUNERATION REPORT OTHER THAN THE PART CONTAINING THE DIRECTORS' REMUNERATION POLICY				Management	For		For
8.	TO APPROVE THE 2015 REMUNERATION REPORT				Management	For		For
9.	TO APPROVE GRANTS TO ANDREW MACKENZIE				Management	For		For
10.	TO APPROVE THE AMENDMENTS TO THE BHP BILLITON LIMITED CONSTITUTION FOR THE DLC DIVIDEND SHARE				Management	For		For
11.	TO APPROVE THE AMENDMENTS TO THE BHP BILLITON PLC ARTICLES OF ASSOCIATION FOR THE DLC DIVIDEND SHARE				Management	For		For
12.	TO APPROVE THE AMENDMENTS TO THE DLC STRUCTURE SHARING AGREEMENT FOR THE DLC DIVIDEND SHARE				Management	For		For
13.	TO APPROVE THE AMENDMENTS TO THE BHP BILLITON LIMITED CONSTITUTION FOR SIMULTANEOUS GENERAL MEETINGS				Management	For		For
14.	TO APPROVE THE AMENDMENTS TO THE BHP BILLITON PLC ARTICLES OF ASSOCIATION FOR SIMULTANEOUS GENERAL MEETINGS				Management	For		For
15.	TO ELECT ANITA FREW AS A DIRECTOR OF BHP BILLITON				Management	For		For
16.	TO RE-ELECT MALCOLM BRINDED AS A DIRECTOR OF BHP BILLITON				Management	For		For
17.	TO RE-ELECT MALCOLM BROOMHEAD AS A DIRECTOR OF BHP BILLITON				Management	For		For
18.	TO RE-ELECT PAT DAVIES AS A DIRECTOR OF BHP BILLITON				Management	For		For
19.	TO RE-ELECT CAROLYN HEWSON AS A DIRECTOR OF BHP BILLITON				Management	For		For
20.	TO RE-ELECT ANDREW MACKENZIE AS A DIRECTOR OF BHP BILLITON				Management	For		For
21.	TO RE-ELECT LINDSAY MAXSTED AS A DIRECTOR OF BHP BILLITON				Management	For		For
22.	TO RE-ELECT WAYNE MURDY AS A DIRECTOR OF BHP BILLITON				Management	For		For
23.	TO RE-ELECT JOHN SCHUBERT AS A DIRECTOR OF BHP BILLITON				Management	For		For
24.	TO RE-ELECT SHRITI VADERA AS A DIRECTOR OF BHP BILLITON				Management	For		For
25.	TO RE-ELECT JAC NASSER AS A DIRECTOR OF BHP BILLITON				Management	For		For
QUALCOMM INCORPORATED
Security				747525103	Meeting Type				Annual
Ticker Symbol				QCOM	Meeting Date				08-Mar-2016
ISIN				US7475251036	Agenda				934322493 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR RESPECTIVE SUCCESSORS HAVE BEEN ELECTED AND QUALIFIED: BARBARA T. ALEXANDER				Management	For		For
1B.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR RESPECTIVE SUCCESSORS HAVE BEEN ELECTED AND QUALIFIED: RAYMOND V. DITTAMORE				Management	For		For
1C.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR RESPECTIVE SUCCESSORS HAVE BEEN ELECTED AND QUALIFIED: JEFFREY W. HENDERSON				Management	For		For
1D.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR RESPECTIVE SUCCESSORS HAVE BEEN ELECTED AND QUALIFIED: THOMAS W. HORTON				Management	For		For
1E.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR RESPECTIVE SUCCESSORS HAVE BEEN ELECTED AND QUALIFIED: PAUL E. JACOBS				Management	For		For
1F.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR RESPECTIVE SUCCESSORS HAVE BEEN ELECTED AND QUALIFIED: HARISH MANWANI				Management	For		For
1G.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR RESPECTIVE SUCCESSORS HAVE BEEN ELECTED AND QUALIFIED: MARK D. MCLAUGHLIN				Management	For		For
1H.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR RESPECTIVE SUCCESSORS HAVE BEEN ELECTED AND QUALIFIED: STEVE MOLLENKOPF				Management	For		For
1I.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR RESPECTIVE SUCCESSORS HAVE BEEN ELECTED AND QUALIFIED: CLARK T. RANDT, JR.				Management	For		For
1J.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR RESPECTIVE SUCCESSORS HAVE BEEN ELECTED AND QUALIFIED: FRANCISCO ROS				Management	For		For
1K.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR RESPECTIVE SUCCESSORS HAVE BEEN ELECTED AND QUALIFIED: JONATHAN J. RUBINSTEIN				Management	For		For
1L.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR RESPECTIVE SUCCESSORS HAVE BEEN ELECTED AND QUALIFIED: ANTHONY J. VINCIQUERRA				Management	For		For
2.	TO RATIFY THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT PUBLIC ACCOUNTANTS FOR OUR FISCAL YEAR ENDING SEPTEMBER 25, 2016.				Management	For		For
3.	TO APPROVE THE 2016 LONG-TERM INCENTIVE PLAN.				Management	For		For
4.	TO APPROVE OUR EXECUTIVE COMPENSATION.				Management	For		For
5.	A STOCKHOLDER PROPOSAL, IF PROPERLY PRESENTED AT THE ANNUAL MEETING.				Shareholder	Against		Against
PANDORA A/S, GLOSTRUP
Security				K7681L102	Meeting Type				Annual General Meeting
Ticker Symbol				PNDORA DC	Meeting Date				16-Mar-2016
ISIN				DK0060252690	Agenda				706684734 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
2	ADOPTION OF THE ANNUAL REPORT 2015				Management	For		For
3.1	APPROVAL OF REMUNERATION FOR 2015 OF BOARD OF DIRECTORS				Management	For		For
3.2	APPROVAL OF REMUNERATION LEVEL FOR 2016 OF BOARD OF DIRECTORS				Management	For		For
4	RESOLUTION PROPOSED ON THE DISTRIBUTION OF PROFIT AS RECORDED IN THE ADOPTED ANNUAL REPORT, INCLUDING THE PROPOSED AMOUNT OF ANY DIVIDEND TO BE DISTRIBUTED OR PROPOSAL TO COVER ANY LOSS: DKK 13 PER SHARE				Management	For		For
5	RESOLUTION ON THE DISCHARGE FROM LIABILITY OF THE BOARD OF DIRECTORS AND THE EXECUTIVE MANAGEMENT				Management	For		For
6.1	ANY PROPOSAL BY THE SHAREHOLDERS AND OR BOARD OF DIRECTORS. THE BOARD OF DIRECTORS HAS SUBMITTED THE FOLLOWING PROPOSAL: REDUCTION OF THE COMPANY'S SHARE CAPITAL				Management	For		For
6.2	ANY PROPOSAL BY THE SHAREHOLDERS AND OR BOARD OF DIRECTORS. THE BOARD OF DIRECTORS HAS SUBMITTED THE FOLLOWING PROPOSAL: AUTHORITY TO THE BOARD OF DIRECTORS TO LET THE COMPANY BUY BACK TREASURY SHARES				Management	For		For
6.3	ANY PROPOSAL BY THE SHAREHOLDERS AND OR BOARD OF DIRECTORS. THE BOARD OF DIRECTORS HAS SUBMITTED THE FOLLOWING PROPOSAL: AMENDMENTS TO ARTICLE 5.1 OF THE COMPANY'S ARTICLES OF ASSOCIATION				Management	For		For
6.4	ANY PROPOSAL BY THE SHAREHOLDERS AND OR BOARD OF DIRECTORS. THE BOARD OF DIRECTORS HAS SUBMITTED THE FOLLOWING PROPOSAL: AMENDMENT TO ARTICLE 6.8 OF THE COMPANY'S ARTICLES OF ASSOCIATION				Management	For		For
6.5	ANY PROPOSAL BY THE SHAREHOLDERS AND OR BOARD OF DIRECTORS. THE BOARD OF DIRECTORS HAS SUBMITTED THE FOLLOWING PROPOSAL: AUTHORITY TO THE CHAIRMAN OF THE ANNUAL GENERAL MEETING				Management	For		For
7.a	ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: PEDER TUBORGH				Management	For		For
7.b	ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: CHRISTIAN FRIGAST				Management	For		For
7.c	ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: ALLAN LESLIE LEIGHTON				Management	For		For
7.d	ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: ANDREA DAWN ALVEY				Management	For		For
7.e	ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: RONICA WANG				Management	For		For
7.f	ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: ANDERS BOYER SOGAARD				Management	For		For
7.g	ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: BJORN GULDEN				Management	For		For
7.h	ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: PER BANK				Management	For		For
7.i	ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: MICHAEL HAUGE SORENSEN				Management	For		For
7.j	ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: BIRGITTA STYMNE GORANSSON				Management	For		For
8.a	THE BOARD OF DIRECTORS PROPOSES RE-ELECTION OF ERNST AND YOUNG PS AS THE COMPANY'S AUDITOR				Management	For		For
9	ANY OTHER BUSINESS				Non-Voting
CMMT	19 FEB 2016: PLEASE NOTE THAT THIS IS A REVISION DUE TO MODIFICATION OF THE-TEXT OF RESOLUTIONS. IF YOU HAVE ALREADY SENT IN YOUR VOTES, PLEASE DO NOT-VOTE AGAIN UNLESS YOU DECIDE TO AMEND YOUR ORIGINAL INSTRUCTIONS. THANK YOU.				Non-Voting
SK TELECOM CO., LTD.
Security				78440P108	Meeting Type				Annual
Ticker Symbol				SKM	Meeting Date				18-Mar-2016
ISIN				US78440P1084	Agenda				934334145 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	APPROVAL OF FINANCIAL STATEMENTS FOR THE 32ND FISCAL YEAR (FROM JANUARY 1, 2015 TO DECEMBER 31, 2015) AS SET FORTH IN ITEM 1 OF THE COMPANY'S AGENDA ENCLOSED HEREWITH.				Management	For		Take No Action
2.	APPROVAL OF AMENDMENTS TO THE ARTICLES OF INCORPORATION AS SET FORTH IN ITEM 2 OF THE COMPANY'S AGENDA ENCLOSED HEREWITH.				Management	For		Take No Action
3.1	ELECTION OF AN EXECUTIVE DIRECTOR: CHO, DAE SIK (INSIDE DIRECTOR)				Management	For		Take No Action
3.2	ELECTION OF AN EXECUTIVE DIRECTOR: OH, DAE SHICK (OUTSIDE DIRECTOR)				Management	For		Take No Action
4.	APPROVAL OF THE ELECTION OF A MEMBER OF THE AUDIT COMMITTEE AS SET FORTH IN ITEM 4 OF THE COMPANY'S AGENDA ENCLOSED HEREWITH: OH, DAE SHICK.				Management	For		Take No Action
5.	APPROVAL OF THE CEILING AMOUNT OF THE REMUNERATION FOR DIRECTORS. *PROPOSED CEILING AMOUNT OF THE REMUNERATION FOR DIRECTORS IS KRW 12 BILLION.				Management	For		Take No Action
6.	APPROVAL OF THE AMENDMENT TO THE REMUNERATION POLICY FOR EXECUTIVES. *PROPOSED TOP LEVEL MANAGEMENT (CHAIRMAN, VICE- CHAIRMAN AND CEO LEVEL) PAYOUT RATE DECREASED FROM 6.0 OR 5.5 TO 4.0				Management	For		Take No Action
SKANDINAVISKA ENSKILDA BANKEN AB, STOCKHOLM
Security				W25381141	Meeting Type				Annual General Meeting
Ticker Symbol				SEBA SS	Meeting Date				22-Mar-2016
ISIN				SE0000148884	Agenda				706715832 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
9	ADOPTION OF THE PROFIT AND LOSS ACCOUNT AND BALANCE SHEET AS WELL AS THE CONSOLIDATED PROFIT AND LOSS ACCOUNT AND CONSOLIDATED BALANCE SHEET				Management	For		For
10	ALLOCATION OF THE BANK'S PROFIT AS SHOWN IN THE BALANCE SHEET ADOPTED BY THE MEETING: THE BOARD OF DIRECTORS PROPOSES A DIVIDEND OF SEK 5.25 PER SHARE				Management	For		For
11	DISCHARGE FROM LIABILITY OF THE MEMBERS OF THE BOARD OF DIRECTORS AND THE PRESIDENT				Management	For		For
12	THE BOARD OF DIRECTOR'S PROPOSAL ON AMENDMENT TO THE ARTICLES OF ASSOCIATION				Management	For		For
13	DETERMINATION OF THE NUMBER OF DIRECTORS AND AUDITORS TO BE ELECTED BY THE MEETING: 13 DIRECTORS AND ONE AUDITOR				Management	For		For
14	APPROVAL OF REMUNERATION TO THE DIRECTORS AND THE AUDITOR ELECTED BY THE MEETING				Management	For		For
15A.1	RE-ELECTION OF DIRECTOR: JOHAN H. ANDRESEN				Management	For		For
15A.2	RE-ELECTION OF DIRECTOR: SIGNHILD ARNEGARD HANSEN				Management	For		For
15A.3	RE-ELECTION OF DIRECTOR: SAMIR BRIKHO				Management	For		For
15A.4	RE-ELECTION OF DIRECTOR: ANNIKA FALKENGREN				Management	For		For
15A.5	RE-ELECTION OF DIRECTOR: WINNIE FOK				Management	For		For
15A.6	RE-ELECTION OF DIRECTOR: URBAN JANSSON				Management	For		For
15A.7	RE-ELECTION OF DIRECTOR: BIRGITTA KANTOLA				Management	For		For
15A.8	RE-ELECTION OF DIRECTOR: TOMAS NICOLIN				Management	For		For
15A.9	RE-ELECTION OF DIRECTOR: SVEN NYMAN				Management	For		For
15A10	RE-ELECTION OF DIRECTOR: JESPER OVESEN				Management	For		For
15A11	RE-ELECTION OF DIRECTOR: MARCUS WALLENBERG				Management	For		For
15A12	NEW ELECTION OF DIRECTOR: HELENA SAXON				Management	For		For
15A13	NEW ELECTION OF DIRECTOR: SARA OHRVALL				Management	For		For
15.B	ELECTION OF CHAIRMAN OF THE BOARD OF DIRECTORS: NOMINATION COMMITTEE PROPOSAL FOR CHAIRMAN OF THE BOARD, MARCUS WALLENBERG				Management	For		For
16	ELECTION OF AUDITOR: PRICEWATERHOUSECOOPERS AB				Management	For		For
17	THE BOARD OF DIRECTOR'S PROPOSAL ON GUIDELINES FOR SALARY AND OTHER REMUNERATION FOR THE PRESIDENT AND MEMBERS OF THE GROUP EXECUTIVE COMMITTEE				Management	For		For
18.A	THE BOARD OF DIRECTOR'S PROPOSAL ON LONG-TERM EQUITY PROGRAMMES FOR 2016: SEB ALL EMPLOYEE PROGRAMME (AEP) 2016 FOR ALL EMPLOYEES IN MOST OF THE COUNTRIES WHERE SEB OPERATES				Management	For		For
18.B	THE BOARD OF DIRECTOR'S PROPOSAL ON LONG-TERM EQUITY PROGRAMMES FOR 2016: SEB SHARE DEFERRAL PROGRAMME (SDP) 2016 FOR THE GROUP EXECUTIVE COMMITTEE, CERTAIN OTHER SENIOR MANAGERS AND A NUMBER OF OTHER KEY EMPLOYEES				Management	For		For
19.A	THE BOARD OF DIRECTOR'S PROPOSAL ON THE ACQUISITION AND SALE OF THE BANK'S OWN SHARES: ACQUISITION OF THE BANK'S OWN SHARES IN ITS SECURITIES BUSINESS				Management	For		For
19.B	THE BOARD OF DIRECTOR'S PROPOSAL ON THE ACQUISITION AND SALE OF THE BANK'S OWN SHARES: ACQUISITION AND SALE OF THE BANK'S OWN SHARES FOR CAPITAL PURPOSES AND FOR LONG-TERM EQUITY PROGRAMMES				Management	For		For
19.C	THE BOARD OF DIRECTOR'S PROPOSAL ON THE ACQUISITION AND SALE OF THE BANK'S OWN SHARES: TRANSFER OF THE BANK'S OWN SHARES TO PARTICIPANTS IN THE 2016 LONG-TERM EQUITY PROGRAMMES				Management	For		For
20	THE BOARD OF DIRECTOR'S PROPOSAL FOR DECISION ON AUTHORISATION TO THE BOARD OF DIRECTORS TO ISSUE CONVERTIBLES				Management	For		For
21	THE BOARD OF DIRECTOR'S PROPOSAL ON THE APPOINTMENT OF AUDITORS OF FOUNDATIONS THAT HAVE DELEGATED THEIR BUSINESS TO THE BANK				Management	For		For
CMMT	THE BOARD DOES NOT MAKE ANY RECOMMENDATION ON RESOLUTIONS 22A TO 22K AND 23				Non-Voting
22.A	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: TO ADOPT A VISION ON ABSOLUTE EQUALITY ON ALL LEVELS WITHIN THE COMPANY BETWEEN MEN AND WOMEN				Management	Against		For
22.B	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: TO DELEGATE TO THE BOARD OF DIRECTORS OF THE COMPANY TO SET UP A WORKING GROUP WITH THE TASK OF IMPLEMENTING ALSO THIS VISION IN THE LONG TERM AS WELL AS CLOSELY MONITOR THE DEVELOPMENT ON BOTH THE EQUALITY AND THE ETHNICITY AREA				Management	Against		For
22.C	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: TO ANNUALLY SUBMIT A REPORT IN WRITING TO THE ANNUAL GENERAL MEETING, AS A SUGGESTION BY INCLUDING THE REPORT IN THE PRINTED VERSION OF THE ANNUAL REPORT				Management	Against		For
22.D	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: TO DELEGATE TO THE BOARD OF DIRECTORS TO TAKE NECESSARY ACTIONS TO CREATE A SHAREHOLDER'S ASSOCIATION IN THE COMPANY				Management	Against		For
22.E	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: THAT A DIRECTOR MAY NOT INVOICE DIRECTOR'S REMUNERATION THROUGH A JURIDICAL PERSON, SWEDISH OR FOREIGN				Management	Against		For
22.F	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: THAT THE NOMINATION COMMITTEE WHEN PERFORMING ITS ASSIGNMENT SHALL PAY SPECIFIC ATTENTION TO QUESTIONS RELATED TO ETHICS, GENDER AND ETHNICITY				Management	Against		For
22.G	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: TO DELEGATE TO THE BOARD OF DIRECTORS TO SUBMIT A PROPOSAL FOR REPRESENTATION IN THE BOARD AS WELL AS IN THE NOMINATION COMMITTEE FOR THE SMALL AND MEDIUM SIZED SHAREHOLDERS TO THE ANNUAL GENERAL MEETING 2017 (OR AN EXTRA SHAREHOLDERS' MEETING HELD BEFORE THAT) FOR DECISION				Management	Against		For
22.H	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: IN RELATION TO ITEM E) ABOVE, DELEGATE TO THE BOARD OF DIRECTORS TO TURN TO APPROPRIATE AUTHORITY-IN THE FIRST PLACE THE SWEDISH GOVERNMENT OR THE TAX AUTHORITIES-TO BRING ABOUT A CHANGED REGULATION IN THIS AREA				Management	Against		For
22.I	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: TO DELEGATE TO THE BOARD OF DIRECTORS TO PERFORM A THOROUGH INVESTIGATION OF THE CONSEQUENCES OF AN ABOLISHMENT OF THE DIFFERENTIATED VOTING POWERS IN SEB, RESULTING IN A PROPOSAL FOR ACTIONS TO BE SUBMITTED TO THE ANNUAL GENERAL MEETING 2017 (OR AN EXTRA SHAREHOLDERS' MEETING HELD BEFORE THAT) FOR DECISION				Management	Against		For
22.J	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: TO DELEGATE TO THE BOARD OF DIRECTORS TO TURN TO THE SWEDISH GOVERNMENT, AND				Management	Against		For
	DRAW THE GOVERNMENT'S ATTENTION TO THE DESIRABILITY OF CHANGING THE LAW IN THIS AREA AND ABOLISH THE POSSIBILITY TO HAVE DIFFERENTIATED VOTING POWERS IN SWEDISH LIMITED LIABILITY COMPANIES
22.K	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: DELEGATE TO THE BOARD OF DIRECTORS TO TURN TO THE SWEDISH GOVERNMENT AND POINT OUT THE NEED OF A COMPREHENSIVE, NATIONAL REGULATION IN THE AREA MENTIONED IN ITEM 23 BELOW, THAT IS INTRODUCTION OF A SO CALLED QUARANTINE FOR POLITICIANS				Management	Against		For
23	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON TO AMEND THE ARTICLES OF ASSOCIATION: ARTICLE 6				Management	Against		For
24	CLOSING OF THE ANNUAL GENERAL MEETING				Non-Voting
THE TORONTO-DOMINION BANK
Security				891160509	Meeting Type				Annual
Ticker Symbol				TD	Meeting Date				31-Mar-2016
ISIN				CA8911605092	Agenda				934329613 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
A	DIRECTOR				Management
		1	WILLIAM E. BENNETT			For		For
		2	AMY W. BRINKLEY			For		For
		3	BRIAN C. FERGUSON			For		For
		4	COLLEEN A. GOGGINS			For		For
		5	MARY JO HADDAD			For		For
		6	JEAN-RENÉ HALDE			For		For
		7	DAVID E. KEPLER			For		For
		8	BRIAN M. LEVITT			For		For
		9	ALAN N. MACGIBBON			For		For
		10	KAREN E. MAIDMENT			For		For
		11	BHARAT B. MASRANI			For		For
		12	IRENE R. MILLER			For		For
		13	NADIR H. MOHAMED			For		For
		14	CLAUDE MONGEAU			For		For
B	APPOINTMENT OF AUDITOR NAMED IN THE MANAGEMENT PROXY CIRCULAR				Management	For		For
C	APPROACH TO EXECUTIVE COMPENSATION DISCLOSED IN THE REPORT OF THE HUMAN RESOURCES COMMITTEE AND APPROACH TO EXECUTIVE COMPENSATION SECTIONS OF THE MANAGEMENT PROXY CIRCULAR *ADVISORY VOTE*				Management	For		For
D	SHAREHOLDER PROPOSAL A				Shareholder	Against		Against
E	SHAREHOLDER PROPOSAL B				Shareholder	Against		Against
NESTLE S.A.
Security				641069406	Meeting Type				Annual
Ticker Symbol				NSRGY	Meeting Date				07-Apr-2016
ISIN				US6410694060	Agenda				934343245 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	APPROVAL OF THE ANNUAL REVIEW, THE FINANCIAL STATEMENTS OF NESTLE S.A. AND THE CONSOLIDATED FINANCIAL STATEMENTS OF THE NESTLE GROUP FOR 2015				Management	For		For
1B.	ACCEPTANCE OF THE COMPENSATION REPORT 2015 (ADVISORY VOTE)				Management	For		For
2.	DISCHARGE TO THE MEMBERS OF THE BOARD OF DIRECTORS AND OF THE MANAGEMENT				Management	For		For
3.	APPROPRIATION OF PROFIT RESULTING FROM THE BALANCE SHEET OF NESTLE S.A. (PROPOSED DIVIDEND) FOR THE FINANCIAL YEAR 2015				Management	For		For
4AA	RE-ELECTIONS TO THE BOARD OF DIRECTORS: MR PETER BRABECK- LETMATHE				Management	For		For
4AB	RE-ELECTIONS TO THE BOARD OF DIRECTORS: MR PAUL BULCKE				Management	For		For
4AC	RE-ELECTIONS TO THE BOARD OF DIRECTORS: MR ANDREAS KOOPMANN				Management	For		For
4AD	RE-ELECTIONS TO THE BOARD OF DIRECTORS: MR BEAT W. HESS				Management	For		For
4AE	RE-ELECTIONS TO THE BOARD OF DIRECTORS: MR RENATO FASSBIND				Management	For		For
4AF	RE-ELECTIONS TO THE BOARD OF DIRECTORS: MR STEVEN G. HOCH				Management	For		For
4AG	RE-ELECTIONS TO THE BOARD OF DIRECTORS: MS NAINA LAL KIDWAI				Management	For		For
4AH	RE-ELECTIONS TO THE BOARD OF DIRECTORS: MR JEAN-PIERRE ROTH				Management	For		For
4AI	RE-ELECTIONS TO THE BOARD OF DIRECTORS: MS ANN M. VENEMAN				Management	For		For
4AJ	RE-ELECTIONS TO THE BOARD OF DIRECTORS: MR HENRI DE CASTRIES				Management	For		For
4AK	RE-ELECTIONS TO THE BOARD OF DIRECTORS: MS EVA CHENG				Management	For		For
4AL	RE-ELECTIONS TO THE BOARD OF DIRECTORS: MS RUTH K. ONIANG'O				Management	For		For
4AM	RE-ELECTIONS TO THE BOARD OF DIRECTORS: MR PATRICK AEBISCHER				Management	For		For
4B.	ELECTION OF THE CHAIRMAN OF THE BOARD OF DIRECTORS MR PETER BRABECK-LETMATHE				Management	For		For
4C1	ELECTION OF THE MEMBER OF THE COMPENSATION COMMITTEE: MR BEAT W. HESS				Management	For		For
4C2	ELECTION OF THE MEMBER OF THE COMPENSATION COMMITTEE: MR ANDREAS KOOPMANN				Management	For		For
4C3	ELECTION OF THE MEMBER OF THE COMPENSATION COMMITTEE: MR JEAN-PIERRE ROTH				Management	For		For
4C4	ELECTION OF THE MEMBER OF THE COMPENSATION COMMITTEE: MR PATRICK AEBISCHER				Management	For		For
4D.	ELECTION OF THE STATUTORY AUDITORS KPMG SA, GENEVA BRANCH				Management	For		For
4E.	ELECTION OF THE INDEPENDENT REPRESENTATIVE, HARTMANN DREYER, ATTORNEYS-AT-LAW				Management	For		For
5A.	APPROVAL OF THE COMPENSATION OF THE BOARD OF DIRECTORS				Management	For		For
5B.	APPROVAL OF THE COMPENSATION OF THE EXECUTIVE BOARD				Management	For		For
6.	CAPITAL REDUCTION (BY CANCELLATION OF SHARES)				Management	For		For
7.	IN THE EVENT OF ANY YET UNKNOWN OR MODIFIED PROPOSAL BY A SHAREHOLDER DURING THE GENERAL MEETING, I INSTRUCT THE INDEPENDENT REPRESENTATIVE TO VOTE AS FOLLOWS: "FOR" = VOTE FOR ANY SUCH YET UNKNOWN PROPOSAL; "AGAINST" = VOTE AGAINST ANY SUCH YET UNKNOWN PROPOSAL; "ABSTAIN" = ABSTAIN				Shareholder	Against		Against
UNILEVER PLC
Security				904767704	Meeting Type				Annual
Ticker Symbol				UL	Meeting Date				20-Apr-2016
ISIN				US9047677045	Agenda				934351266 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	TO RECEIVE THE REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015				Management	For		For
2.	TO APPROVE THE DIRECTORS' REMUNERATION REPORT				Management	For		For
3.	TO RE-ELECT MR N S ANDERSEN AS A NON-EXECUTIVE DIRECTOR				Management	For		For
4.	TO RE-ELECT MRS L M CHA AS A NON- EXECUTIVE DIRECTOR				Management	For		For
5.	TO RE-ELECT MR V COLAO AS A NON- EXECUTIVE DIRECTOR				Management	For		For
6.	TO RE-ELECT PROFESSOR L O FRESCO AS A NON-EXECUTIVE DIRECTOR				Management	For		For
7.	TO RE-ELECT MS A M FUDGE AS A NON-EXECUTIVE DIRECTOR				Management	For		For
8.	TO RE-ELECT DR J HARTMANN AS A NON-EXECUTIVE DIRECTOR				Management	For		For
9.	TO RE-ELECT MS M MA AS A NON- EXECUTIVE DIRECTOR				Management	For		For
10.	TO RE-ELECT MR P G J M POLMAN AS AN EXECUTIVE DIRECTOR				Management	For		For
11.	TO RE-ELECT MR J RISHTON AS A NON- EXECUTIVE DIRECTOR				Management	For		For
12.	TO RE-ELECT MR F SIJBESMA AS A NON-EXECUTIVE DIRECTOR				Management	For		For
13.	TO ELECT DR M DEKKERS AS A NON- EXECUTIVE DIRECTOR				Management	For		For
14.	TO ELECT MR S MASIYIWA AS A NON- EXECUTIVE DIRECTOR				Management	For		For
15.	TO ELECT PROFESSOR Y MOON AS A NON-EXECUTIVE DIRECTOR				Management	For		For
16.	TO ELECT MR G PITKETHLY AS AN EXECUTIVE DIRECTOR				Management	For		For
17.	TO REAPPOINT KPMG LLP AS AUDITORS OF THE COMPANY				Management	For		For
18.	TO AUTHORISE THE DIRECTORS TO FIX THE REMUNERATION OF THE AUDITORS				Management	For		For
19.	TO AUTHORISE POLITICAL DONATIONS AND EXPENDITURE				Management	For		For
20.	TO RENEW THE AUTHORITY TO DIRECTORS TO ISSUE SHARES				Management	For		For
21.	TO RENEW THE AUTHORITY TO DIRECTORS TO DISAPPLY PRE- EMPTION RIGHTS				Management	For		For
22.	TO RENEW THE AUTHORITY TO THE COMPANY TO PURCHASE ITS OWN SHARES				Management	For		For
23.	TO SHORTEN THE NOTICE PERIOD FOR GENERAL MEETINGS				Management	For		For
HONEYWELL INTERNATIONAL INC.
Security				438516106	Meeting Type				Annual
Ticker Symbol				HON	Meeting Date				25-Apr-2016
ISIN				US4385161066	Agenda				934338840 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: WILLIAM S. AYER				Management	For		For
1B.	ELECTION OF DIRECTOR: KEVIN BURKE				Management	For		For
1C.	ELECTION OF DIRECTOR: JAIME CHICO PARDO				Management	For		For
1D.	ELECTION OF DIRECTOR: DAVID M. COTE				Management	For		For
1E.	ELECTION OF DIRECTOR: D. SCOTT DAVIS				Management	For		For
1F.	ELECTION OF DIRECTOR: LINNET F. DEILY				Management	For		For
1G.	ELECTION OF DIRECTOR: JUDD GREGG				Management	For		For
1H.	ELECTION OF DIRECTOR: CLIVE HOLLICK				Management	For		For
1I.	ELECTION OF DIRECTOR: GRACE D. LIEBLEIN				Management	For		For
1J.	ELECTION OF DIRECTOR: GEORGE PAZ				Management	For		For
1K.	ELECTION OF DIRECTOR: BRADLEY T. SHEARES				Management	For		For
1L.	ELECTION OF DIRECTOR: ROBIN L. WASHINGTON				Management	For		For
2.	APPROVAL OF INDEPENDENT ACCOUNTANTS.				Management	For		For
3.	ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION.				Management	For		For
4.	2016 STOCK INCENTIVE PLAN OF HONEYWELL INTERNATIONAL INC. AND ITS AFFILIATES.				Management	For		For
5.	2016 STOCK PLAN FOR NON- EMPLOYEE DIRECTORS OF HONEYWELL INTERNATIONAL INC.				Management	For		For
6.	INDEPENDENT BOARD CHAIRMAN.				Shareholder	For		Against
7.	RIGHT TO ACT BY WRITTEN CONSENT.				Shareholder	For		Against
8.	POLITICAL LOBBYING AND CONTRIBUTIONS.				Shareholder	Against		Against
ABBOTT LABORATORIES
Security				002824100	Meeting Type				Annual
Ticker Symbol				ABT	Meeting Date				29-Apr-2016
ISIN				US0028241000	Agenda				934344045 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1	DIRECTOR				Management
		1	R.J. ALPERN			For		For
		2	R.S. AUSTIN			For		For
		3	S.E. BLOUNT			For		For
		4	W.J. FARRELL			For		For
		5	E.M. LIDDY			For		For
		6	N. MCKINSTRY			For		For
		7	P.N. NOVAKOVIC			For		For
		8	W.A. OSBORN			For		For
		9	S.C. SCOTT III			For		For
		10	G.F. TILTON			For		For
		11	M.D. WHITE			For		For
2	RATIFICATION OF ERNST & YOUNG LLP AS AUDITORS				Management	For		For
3	SAY ON PAY – AN ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION				Management	For		For
AMBEV S.A.
Security				02319V103	Meeting Type				Special
Ticker Symbol				ABEV	Meeting Date				29-Apr-2016
ISIN				US02319V1035	Agenda				934392539 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
A1.	ANALYSIS OF THE MANAGEMENT ACCOUNTS, WITH EXAMINATION, DISCUSSION AND VOTING ON THE FINANCIAL STATEMENTS RELATED TO THE FISCAL YEAR ENDED DECEMBER 31, 2015.				Management	For		For
A2.	ALLOCATION OF THE NET PROFITS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2015 AND RATIFICATION OF THE PAYMENT OF INTEREST ON OWN CAPITAL AND DISTRIBUTION OF DIVIDENDS, RELATED TO THE FISCAL YEAR ENDED ON DECEMBER 31, 2015, APPROVED BY THE BOARD OF DIRECTORS AT MEETINGS HELD ON FEBRUARY 23RD, 2015, MAY 13TH, 2015, AUGUST 28TH, 2015, DECEMBER 1ST, 2015 AND JANUARY 15TH, 2016.				Management	For		For
A3.	ELECTION OF THE MEMBERS OF THE COMPANY'S FISCAL COUNCIL AND THEIR RESPECTIVE ALTERNATES FOR A TERM IN OFFICE UNTIL THE ORDINARY GENERAL MEETING TO BE HELD IN 2017.				Management	For		For
A4.	RATIFICATION OF THE AMOUNTS PAID OUT AS COMPENSATION TO THE MANAGEMENT AND TO THE MEMBERS OF THE FISCAL COUNCIL OF THE COMPANY DURING THE FISCAL YEAR ENDED DECEMBER 31, 2015 AND ESTABLISHING THE OVERALL COMPENSATION OF THE MANAGEMENT AND OF THE MEMBERS OF THE FISCAL COUNCIL FOR THE FISCAL YEAR OF 2016.				Management	For		For
B1.	TO EXAMINE, DISCUSS AND APPROVE ALL THE TERMS AND CONDITIONS OF THE PROTOCOL AND JUSTIFICATION OF THE MERGERS WITH AND INTO THE COMPANY OF CERVEJARIAS REUNIDAS SKOL CARACU S.A. ("SKOL") AND EAGLE DISTRIBUIDORA DE BEBIDAS S.A. ("EAGLE") ENTERED INTO BY THE MANAGERS OF THE COMPANY, SKOL AND EAGLE (THE "MERGERS").				Management	For		For
B2.	TO RATIFY THE RETENTION OF THE SPECIALIZED FIRM APSIS CONSULTORIA EMPRESARIAL LTDA. TO PREPARE THE VALUATION REPORTS OF THE NET EQUITY OF SKOL AND EAGLE, BASED ON ITS BOOK VALUE, FOR PURPOSES OF SECTIONS 227 AND 8 OF LAW NO. 6,404/76 ("VALUATION REPORT").				Management	For		For
B3.	TO APPROVE THE VALUATION REPORT.				Management	For		For
B4.	TO APPROVE THE MERGERS.				Management	For		For
B5.	TO AUTHORIZE THE COMPANY'S EXECUTIVE COMMITTEE TO PERFORM ALL ACTS NECESSARY FOR THE CONSUMMATION OF THE MERGERS.				Management	For		For
B6.	TO APPROVE THE COMPANY'S SHARE- BASED COMPENSATION PLAN.				Management	For		For
PHILLIPS 66
Security				718546104	Meeting Type				Annual
Ticker Symbol				PSX	Meeting Date				04-May-2016
ISIN				US7185461040	Agenda				934345984 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: GREG C. GARLAND				Management	For		For
1B.	ELECTION OF DIRECTOR: JOHN E. LOWE				Management	For		For
2.	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2016.				Management	For		For
3.	TO CONSIDER AND VOTE ON A PROPOSAL TO APPROVE, ON AN ADVISORY (NON-BINDING) BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.				Management	For		For
4.	TO CONSIDER AND VOTE ON A MANAGEMENT PROPOSAL TO AMEND THE CERTIFICATE OF INCORPORATION TO DECLASSIFY THE BOARD OF DIRECTORS OVER THE NEXT THREE YEARS.				Management	For		For
EXPRESS SCRIPTS HOLDING COMPANY
Security				30219G108	Meeting Type				Annual
Ticker Symbol				ESRX	Meeting Date				04-May-2016
ISIN				US30219G1085	Agenda				934347027 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: MAURA C. BREEN				Management	For		For
1B.	ELECTION OF DIRECTOR: WILLIAM J. DELANEY				Management	For		For
1C.	ELECTION OF DIRECTOR: ELDER GRANGER, MD, MG, USA (RETIRED)				Management	For		For
1D.	ELECTION OF DIRECTOR: NICHOLAS J. LAHOWCHIC				Management	For		For
1E.	ELECTION OF DIRECTOR: THOMAS P. MAC MAHON				Management	For		For
1F.	ELECTION OF DIRECTOR: FRANK MERGENTHALER				Management	For		For
1G.	ELECTION OF DIRECTOR: WOODROW A. MYERS, JR., MD				Management	For		For
1H.	ELECTION OF DIRECTOR: RODERICK A. PALMORE				Management	For		For
1I.	ELECTION OF DIRECTOR: GEORGE PAZ				Management	For		For
1J.	ELECTION OF DIRECTOR: WILLIAM L. ROPER, MD, MPH				Management	For		For
1K.	ELECTION OF DIRECTOR: SEYMOUR STERNBERG				Management	For		For
1L.	ELECTION OF DIRECTOR: TIMOTHY WENTWORTH				Management	For		For
2.	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR 2016.				Management	For		For
3.	TO APPROVE, BY NON-BINDING VOTE, EXECUTIVE COMPENSATION.				Management	For		For
4.	TO APPROVE AND RATIFY THE EXPRESS SCRIPTS HOLDING COMPANY 2016 LONG-TERM INCENTIVE PLAN.				Management	For		For
5.	STOCKHOLDER PROPOSAL REGARDING AN INDEPENDENT BOARD CHAIRMAN.				Shareholder	For		Against
6.	STOCKHOLDER PROPOSAL REGARDING POLITICAL ACTIVITIES DISCLOSURE.				Shareholder	Against		Against
PEPSICO, INC.
Security				713448108	Meeting Type				Annual
Ticker Symbol				PEP	Meeting Date				04-May-2016
ISIN				US7134481081	Agenda				934349261 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: SHONA L. BROWN				Management	For		For
1B.	ELECTION OF DIRECTOR: GEORGE W. BUCKLEY				Management	For		For
1C.	ELECTION OF DIRECTOR: CESAR CONDE				Management	For		For
1D.	ELECTION OF DIRECTOR: IAN M. COOK				Management	For		For
1E.	ELECTION OF DIRECTOR: DINA DUBLON				Management	For		For
1F.	ELECTION OF DIRECTOR: RONA A. FAIRHEAD				Management	For		For
1G.	ELECTION OF DIRECTOR: RICHARD W. FISHER				Management	For		For
1H.	ELECTION OF DIRECTOR: WILLIAM R. JOHNSON				Management	For		For
1I.	ELECTION OF DIRECTOR: INDRA K. NOOYI				Management	For		For
1J.	ELECTION OF DIRECTOR: DAVID C. PAGE				Management	For		For
1K.	ELECTION OF DIRECTOR: ROBERT C. POHLAD				Management	For		For
1L.	ELECTION OF DIRECTOR: LLOYD G. TROTTER				Management	For		For
1M.	ELECTION OF DIRECTOR: DANIEL VASELLA				Management	For		For
1N.	ELECTION OF DIRECTOR: ALBERTO WEISSER				Management	For		For
2.	RATIFICATION OF THE APPOINTMENT OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2016.				Management	For		For
3.	ADVISORY APPROVAL OF THE COMPANY'S EXECUTIVE COMPENSATION.				Management	For		For
4.	APPROVAL OF THE RENEWAL AND AMENDMENT OF THE PEPSICO, INC. LONG-TERM INCENTIVE PLAN.				Management	For		For
5.	ESTABLISH BOARD COMMITTEE ON SUSTAINABILITY.				Shareholder	Against		Against
6.	REPORT ON MINIMIZING IMPACTS OF NEONICS.				Shareholder	Against		Against
7.	POLICY REGARDING HOLY LAND PRINCIPLES.				Shareholder	Against		Against
8.	ADOPT QUANTITATIVE RENEWABLE ENERGY TARGETS.				Shareholder	Against		Against
ALLERGAN PLC
Security				G0177J108	Meeting Type				Annual
Ticker Symbol				AGN	Meeting Date				05-May-2016
ISIN				IE00BY9D5467	Agenda				934354565 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	DIRECTOR				Management
		1	NESLI BASGOZ, M.D.			For		For
		2	PAUL M. BISARO			For		For
		3	JAMES H. BLOEM			For		For
		4	CHRISTOPHER W. BODINE			For		For
		5	CHRISTOPHER J. COUGHLIN			For		For
		6	MICHAEL R. GALLAGHER			For		For
		7	CATHERINE M. KLEMA			For		For
		8	PETER J. MCDONNELL, M.D			For		For
		9	PATRICK J. O'SULLIVAN			For		For
		10	BRENTON L. SAUNDERS			For		For
		11	RONALD R. TAYLOR			For		For
		12	FRED G. WEISS			For		For
2.	TO APPROVE, IN A NON-BINDING VOTE, NAMED EXECUTIVE OFFICER COMPENSATION				Management	For		For
3.	TO RATIFY, IN A NON-BINDING VOTE, THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY'S INDEPENDENT AUDITOR FOR THE FISCAL YEAR ENDING DECEMBER 31, 2016 AND TO AUTHORIZE, IN A BINDING VOTE, THE BOARD OF DIRECTORS, ACTING THROUGH THE AUDIT AND COMPLIANCE COMMITTEE, TO DETERMINE PRICEWATERHOUSECOOPERS LLP'S REMUNERATION				Management	For		For
4A.	TO APPROVE THE AMENDMENT OF THE COMPANY'S: MEMORANDUM OF ASSOCIATION TO MAKE CERTAIN ADMINISTRATIVE AMENDMENTS				Management	For		For
4B.	TO APPROVE THE AMENDMENT OF THE COMPANY'S: ARTICLES OF ASSOCIATION TO MAKE CERTAIN ADMINISTRATIVE AMENDMENTS				Management	For		For
5A.	TO APPROVE THE AMENDMENT OF THE COMPANY'S ARTICLES OF ASSOCIATION IN ORDER TO: PROVIDE FOR A PLURALITY VOTING STANDARD IN THE EVENT OF A CONTESTED ELECTION				Management	For		For
5B.	TO APPROVE THE AMENDMENT OF THE COMPANY'S ARTICLES OF ASSOCIATION IN ORDER TO: GRANT THE BOARD OF DIRECTORS SOLE AUTHORITY TO DETERMINE ITS SIZE				Management	For		For
6.	TO APPROVE THE REDUCTION OF COMPANY CAPITAL				Management	For		For
7.	TO CONSIDER A SHAREHOLDER PROPOSAL REGARDING AN ANNUAL REPORT ON LOBBYING ACTIVITIES, IF PROPERLY PRESENTED AT THE MEETING				Shareholder	Against		Against
8.	TO CONSIDER A SHAREHOLDER PROPOSAL REGARDING AN INDEPENDENT BOARD CHAIRMAN, IF PROPERLY PRESENTED AT THE MEETING				Shareholder	For		Against
WELLTOWER INC.
Security				95040Q104	Meeting Type				Annual
Ticker Symbol				HCN	Meeting Date				05-May-2016
ISIN				US95040Q1040	Agenda				934356571 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING: KENNETH J. BACON				Management	For		For
1B.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING: THOMAS J. DEROSA				Management	For		For
1C.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING: JEFFREY H. DONAHUE				Management	For		For
1D.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING: FRED S. KLIPSCH				Management	For		For
1E.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING: GEOFFREY G. MEYERS				Management	For		For
1F.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING: TIMOTHY J. NAUGHTON				Management	For		For
1G.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING: SHARON M. OSTER				Management	For		For
1H.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING: JUDITH C. PELHAM				Management	For		For
1I.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING: SERGIO D. RIVERA				Management	For		For
1J.	ELECTION OF DIRECTOR TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING: R. SCOTT TRUMBULL				Management	For		For
2.	THE RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR 2016.				Management	For		For
3.	APPROVAL OF THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS AS DISCLOSED IN THE PROXY STATEMENT PURSUANT TO THE COMPENSATION DISCLOSURE RULES OF THE SEC.				Management	For		For
4.	APPROVAL OF THE WELLTOWER INC. 2016 LONG-TERM INCENTIVE PLAN.				Management	For		For
3M COMPANY
Security				88579Y101	Meeting Type				Annual
Ticker Symbol				MMM	Meeting Date				10-May-2016
ISIN				US88579Y1010	Agenda				934345756 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	TO ELECT MEMBER TO THE BOARD OF DIRECTORS, EACH FOR A TERM OF ONE YEAR: SONDRA L. BARBOUR				Management	For		For
1B.	TO ELECT MEMBER TO THE BOARD OF DIRECTORS, EACH FOR A TERM OF ONE YEAR: THOMAS "TONY" K. BROWN				Management	For		For
1C.	TO ELECT MEMBER TO THE BOARD OF DIRECTORS, EACH FOR A TERM OF ONE YEAR: VANCE D. COFFMAN				Management	For		For
1D.	TO ELECT MEMBER TO THE BOARD OF DIRECTORS, EACH FOR A TERM OF ONE YEAR: DAVID B. DILLON				Management	For		For
1E.	TO ELECT MEMBER TO THE BOARD OF DIRECTORS, EACH FOR A TERM OF ONE YEAR: MICHAEL L. ESKEW				Management	For		For
1F.	TO ELECT MEMBER TO THE BOARD OF DIRECTORS, EACH FOR A TERM OF ONE YEAR: HERBERT L. HENKEL				Management	For		For
1G.	TO ELECT MEMBER TO THE BOARD OF DIRECTORS, EACH FOR A TERM OF ONE YEAR: MUHTAR KENT				Management	For		For
1H.	TO ELECT MEMBER TO THE BOARD OF DIRECTORS, EACH FOR A TERM OF ONE YEAR: EDWARD M. LIDDY				Management	For		For
1I.	TO ELECT MEMBER TO THE BOARD OF DIRECTORS, EACH FOR A TERM OF ONE YEAR: GREGORY R. PAGE				Management	For		For
1J.	TO ELECT MEMBER TO THE BOARD OF DIRECTORS, EACH FOR A TERM OF ONE YEAR: INGE G. THULIN				Management	For		For
1K.	TO ELECT MEMBER TO THE BOARD OF DIRECTORS, EACH FOR A TERM OF ONE YEAR: ROBERT J. ULRICH				Management	For		For
1L.	TO ELECT MEMBER TO THE BOARD OF DIRECTORS, EACH FOR A TERM OF ONE YEAR: PATRICIA A. WOERTZ				Management	For		For
2.	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS 3M'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.				Management	For		For
3.	ADVISORY APPROVAL OF EXECUTIVE COMPENSATION.				Management	For		For
4.	APPROVAL OF THE 2016 LONG-TERM INCENTIVE PLAN.				Management	For		For
5.	STOCKHOLDER PROPOSAL ON SPECIAL MEETINGS.				Shareholder	Against		Against
6.	STOCKHOLDER PROPOSAL ON SHARE REPURCHASE PROGRAM AND EXECUTIVE COMPENSATION.				Shareholder	Against		Against
CONOCOPHILLIPS
Security				20825C104	Meeting Type				Annual
Ticker Symbol				COP	Meeting Date				10-May-2016
ISIN				US20825C1045	Agenda				934347039 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: RICHARD L. ARMITAGE				Management	For		For
1B.	ELECTION OF DIRECTOR: RICHARD H. AUCHINLECK				Management	For		For
1C.	ELECTION OF DIRECTOR: CHARLES E. BUNCH				Management	For		For
1D.	ELECTION OF DIRECTOR: JAMES E. COPELAND, JR.				Management	For		For
1E.	ELECTION OF DIRECTOR: JOHN V. FARACI				Management	For		For
1F.	ELECTION OF DIRECTOR: JODY L. FREEMAN				Management	For		For
1G.	ELECTION OF DIRECTOR: GAY HUEY EVANS				Management	For		For
1H.	ELECTION OF DIRECTOR: RYAN M. LANCE				Management	For		For
1I.	ELECTION OF DIRECTOR: ARJUN N. MURTI				Management	For		For
1J.	ELECTION OF DIRECTOR: ROBERT A. NIBLOCK				Management	For		For
1K.	ELECTION OF DIRECTOR: HARALD J. NORVIK				Management	For		For
2.	PROPOSAL TO RATIFY APPOINTMENT OF ERNST & YOUNG LLP AS CONOCOPHILLIPS' INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2016.				Management	For		For
3.	ADVISORY APPROVAL OF EXECUTIVE COMPENSATION.				Management	For		For
4.	REPORT ON LOBBYING EXPENDITURES.				Shareholder	Against		Against
5.	PARTIAL DEFERRAL OF ANNUAL BONUS BASED ON RESERVES METRICS.				Shareholder	Against		Against
TELENOR ASA, FORNEBU
Security				R21882106	Meeting Type				Annual General Meeting
Ticker Symbol				TEL NO	Meeting Date				11-May-2016
ISIN				NO0010063308	Agenda				706945308 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1	APPROVAL OF THE NOTICE AND THE AGENDA				Management	For		For
3	APPROVAL OF THE FINANCIAL STATEMENTS AND REPORT FROM THE BOARD OF DIRECTORS FOR THE FINANCIAL YEAR 2015, INCLUDING DISTRIBUTION OF DIVIDEND				Management	For		For
4	AUTHORISATION TO DISTRIBUTE DIVIDEND				Management	For		For
5	APPROVAL OF THE REMUNERATION TO THE COMPANY'S AUDITOR				Management	For		For
7.1	ADVISORY VOTE ON THE BOARD OF DIRECTORS' STATEMENT REGARDING DETERMINATION OF SALARY AND OTHER REMUNERATION TO THE EXECUTIVE MANAGEMENT FOR THE COMING FINANCIAL YEAR				Management	For		For
7.2	APPROVAL OF GUIDELINES FOR SHARE RELATED INCENTIVE ARRANGEMENTS FOR THE COMING FINANCIAL YEAR (SECTION 3.3 OF THE STATEMENT)				Management	For		For
8.A	ELECTION OF SHAREHOLDER ELECTED MEMBER AND DEPUTY MEMBERS TO THE CORPORATE ASSEMBLY IN LINE WITH THE NOMINATION COMMITTEE'S PROPOSAL: ANNE KVAM				Management	For		For
8.B	ELECTION OF SHAREHOLDER ELECTED MEMBER AND DEPUTY MEMBERS TO THE CORPORATE ASSEMBLY IN LINE WITH THE NOMINATION COMMITTEE'S PROPOSAL: MAALFRID BRATH (1ST DEPUTY)				Management	For		For
9	DETERMINATION OF REMUNERATION TO THE MEMBERS OF THE CORPORATE ASSEMBLY AND THE NOMINATION COMMITTEE IN LINE WITH THE NOMINATION COMMITTEE'S PROPOSAL				Management	For		For
STATOIL ASA
Security				85771P102	Meeting Type				Annual
Ticker Symbol				STO	Meeting Date				11-May-2016
ISIN				US85771P1021	Agenda				934397731 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
3	ELECTION OF CHAIR FOR THE MEETING				Management	For		For
4	APPROVAL OF THE NOTICE AND THE AGENDA				Management	For		For
5	ELECTION OF TWO PERSONS TO CO- SIGN THE MINUTES TOGETHER WITH THE CHAIR OF THE MEETING				Management	For		For
6	APPROVAL OF THE ANNUAL REPORT AND ACCOUNTS FOR STATOIL ASA AND THE STATOIL GROUP FOR 2015, INCLUDING THE BOARD OF DIRECTORS' PROPOSAL FOR DISTRIBUTION OF 4Q 2015 DIVIDEND				Management	For		For
7	AUTHORISATION TO DISTRIBUTE DIVIDEND BASED ON APPROVED ANNUAL ACCOUNTS FOR 2015				Management	For		For
8A	APPROVAL OF A TWO-YEAR SCRIP DIVIDEND: SHARE CAPITAL INCREASE FOR ISSUE OF NEW SHARES IN CONNECTION WITH PAYMENT OF DIVIDEND FOR 4Q 2015				Management	For		For
8B	APPROVAL OF A TWO-YEAR SCRIP DIVIDEND: AUTHORISATION TO THE BOARD OF DIRECTORS TO INCREASE THE SHARE CAPITAL IN CONNECTION WITH PAYMENT OF DIVIDEND FOR 1Q TO 3Q 2016				Management	For		For
9	PROPOSAL FROM SHAREHOLDER REGARDING STATOIL'S STRATEGY				Shareholder	For		Against
10	THE BOARD OF DIRECTORS' REPORT ON CORPORATE GOVERNANCE				Management	For		For
11A	THE BOARD OF DIRECTORS' DECLARATION ON STIPULATION OF SALARY AND OTHER REMUNERATION FOR EXECUTIVE MANAGEMENT: ADVISORY VOTE RELATED TO THE BOARD OF DIRECTORS' DECLARATION ON STIPULATION OF SALARY AND OTHER REMUNERATION FOR EXECUTIVE MANAGEMENT				Management	For		For
11B	THE BOARD OF DIRECTORS' DECLARATION ON STIPULATION OF SALARY AND OTHER REMUNERATION FOR EXECUTIVE MANAGEMENT: APPROVAL OF THE BOARD OF DIRECTORS' PROPOSAL RELATED TO REMUNERATION LINKED TO THE DEVELOPMENT OF THE COMPANY'S SHARE PRICE				Management	For		For
12	APPROVAL OF REMUNERATION FOR THE COMPANY'S EXTERNAL AUDITOR FOR 2015				Management	For		For
13A	ELECTION OF MEMBERS TO THE CORPORATE ASSEMBLY: THE NOMINATION COMMITTEE'S JOINT PROPOSAL (OR INDIVIDUAL VOTING)				Management	For		For
13B	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER TONE LUNDE BAKKER (EXISTING MEMBER, NOMINATED AS NEW CHAIR)				Management	For		For
13C	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER NILS BASTIANSEN (NEW ELECTION, NOMINATED AS DEPUTY CHAIR)				Management	For		For
13D	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER GREGER MANNSVERK (RE-ELECTION)				Management	For		For
13E	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER STEINAR OLSEN (RE-ELECTION)				Management	For		For
13F	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER INGVALD STROMMEN (RE-ELECTION)				Management	For		For
13G	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER RUNE BJERKE (RE-ELECTION)				Management	For		For
13H	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER SIRI KALVIG (RE-ELECTION)				Management	For		For
13I	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER TERJE VENOLD (RE-ELECTION)				Management	For		For
13J	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER KJERSTI KLEVEN (RE-ELECTION)				Management	For		For
13K	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER BIRGITTE RINGSTAD VARTDAL (NEW MEMBER,EXISTING 4. DEPUTY MEMBER)				Management	For		For
13L	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER JARLE ROTH (NEW ELECTION)				Management	For		For
13M	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: MEMBER KATHRINE NAESS (NEW ELECTION)				Management	For		For
13N	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: 1ST DEPUTY MEMBER: KJERSTIN FYLLINGEN (NEW ELECTION)				Management	For		For
13O	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: 2ND DEPUTY MEMBER: NINA KIVIJERVI JONASSEN (EXISTING 3. DEPUTY MEMBER)				Management	For		For
13P	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: 3RD DEPUTY MEMBER: HAKON VOLLDAL (NEW ELECTION)				Management	For		For
13Q	ELECTION OF MEMBER TO THE CORPORATE ASSEMBLY: 4TH DEPUTY MEMBER: KARI SKEIDSVOLL MOE (NEW ELECTION)				Management	For		For
14A	ELECTION OF MEMBER TO THE NOMINATION COMMITTEE: THE NOMINATION COMMITTEE'S JOINT PROPOSAL (OR INDIVIDUAL VOTING)				Management	For		For
14B	ELECTION OF MEMBER TO THE NOMINATION COMMITTEE: CHAIR TONE LUNDE BAKKER (EXISTING MEMBER, NEW ELECTION AS CHAIR)				Management	For		For
14C	ELECTION OF MEMBER TO THE NOMINATION COMMITTEE: MEMBER TOM RATHKE (RE-ELECTION)				Management	For		For
14D	ELECTION OF MEMBER TO THE NOMINATION COMMITTEE: MEMBER ELISABETH BERGE WITH PERSONAL DEPUTY MEMBER BJORN STALE HAAVIK (RE-ELECTION)				Management	For		For
14E	ELECTION OF MEMBER TO THE NOMINATION COMMITTEE: MEMBER JARLE ROTH (NEW ELECTION)				Management	For		For
15	AUTHORISATION TO ACQUIRE STATOIL ASA SHARES IN THE MARKET TO CONTINUE OPERATION OF THE SHARE SAVINGS PLAN FOR EMPLOYEES				Management	For		For
16	AUTHORISATION TO ACQUIRE STATOIL ASA SHARES IN THE MARKET FOR SUBSEQUENT ANNULMENT				Management	For		For
17	MARKETING INSTRUCTIONS FOR STATOIL ASA – ADJUSTMENTS				Management	For		For
18	PROPOSAL SUBMITTED BY A SHAREHOLDER REGARDING THE ESTABLISHMENT OF A RISK MANAGEMENT INVESTIGATION COMMITTEE				Shareholder	Against		Take No Action
BAYERISCHE MOTOREN WERKE AG, MUENCHEN
Security				D12096109	Meeting Type				Annual General Meeting
Ticker Symbol				BMW GR	Meeting Date				12-May-2016
ISIN				DE0005190003	Agenda				706822485 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
2.	APPROVE ALLOCATION OF INCOME AND DIVIDENDS OF EUR 3.22 PER PREFERRED SHARE AND 3.20 PER ORDINARY SHARE				Management	For		For
3.	APPROVE DISCHARGE OF MANAGEMENT BOARD FOR FISCAL 2015				Management	For		For
4.	APPROVE DISCHARGE OF SUPERVISORY BOARD FOR FISCAL 2015				Management	For		For
5.	RATIFY KPMG AG AS AUDITORS FOR FISCAL 2016				Management	For		For
6.	ELECT SIMONE MENNE TO THE SUPERVISORY BOARD				Management	For		For
7.	AMEND CORPORATE PURPOSE				Management	For		For
SEMPRA ENERGY
Security				816851109	Meeting Type				Annual
Ticker Symbol				SRE	Meeting Date				12-May-2016
ISIN				US8168511090	Agenda				934354046 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: ALAN L. BOECKMANN				Management	For		For
1B.	ELECTION OF DIRECTOR: KATHLEEN L. BROWN				Management	For		For
1C.	ELECTION OF DIRECTOR: PABLO A. FERRERO				Management	For		For
1D.	ELECTION OF DIRECTOR: WILLIAM D. JONES				Management	For		For
1E.	ELECTION OF DIRECTOR: WILLIAM G. OUCHI				Management	For		For
1F.	ELECTION OF DIRECTOR: DEBRA L. REED				Management	For		For
1G.	ELECTION OF DIRECTOR: WILLIAM C. RUSNACK				Management	For		For
1H.	ELECTION OF DIRECTOR: WILLIAM P. RUTLEDGE				Management	For		For
1I.	ELECTION OF DIRECTOR: LYNN SCHENK				Management	For		For
1J.	ELECTION OF DIRECTOR: JACK T. TAYLOR				Management	For		For
1K.	ELECTION OF DIRECTOR: JAMES C. YARDLEY				Management	For		For
2.	RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.				Management	For		For
3.	ADVISORY APPROVAL OF OUR EXECUTIVE COMPENSATION.				Management	For		For
TAIWAN SEMICONDUCTOR MFG. CO. LTD.
Security				874039100	Meeting Type				Annual
Ticker Symbol				TSM	Meeting Date				07-Jun-2016
ISIN				US8740391003	Agenda				934421859 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	TO REVISE THE ARTICLES OF INCORPORATION				Management	For		For
2A.	TO ACCEPT 2015 BUSINESS REPORT AND FINANCIAL STATEMENTS				Management	For		For
2B.	TO APPROVE THE PROPOSAL FOR DISTRIBUTION OF 2015 EARNINGS				Management	For		For
BIOGEN INC.
Security				09062X103	Meeting Type				Annual
Ticker Symbol				BIIB	Meeting Date				08-Jun-2016
ISIN				US09062X1037	Agenda				934393442 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: ALEXANDER J. DENNER				Management	For		For
1B.	ELECTION OF DIRECTOR: CAROLINE D. DORSA				Management	For		For
1C.	ELECTION OF DIRECTOR: NANCY L. LEAMING				Management	For		For
1D.	ELECTION OF DIRECTOR: RICHARD C. MULLIGAN				Management	For		For
1E.	ELECTION OF DIRECTOR: ROBERT W. PANGIA				Management	For		For
1F.	ELECTION OF DIRECTOR: STELIOS PAPADOPOULOS				Management	For		For
1G.	ELECTION OF DIRECTOR: BRIAN S. POSNER				Management	For		For
1H.	ELECTION OF DIRECTOR: ERIC K. ROWINSKY				Management	For		For
1I.	ELECTION OF DIRECTOR: GEORGE A. SCANGOS				Management	For		For
1J.	ELECTION OF DIRECTOR: LYNN SCHENK				Management	For		For
1K.	ELECTION OF DIRECTOR: STEPHEN A. SHERWIN				Management	For		For
2.	TO RATIFY THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS BIOGEN INC.'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2016.				Management	For		For
3.	SAY ON PAY – TO APPROVE AN ADVISORY VOTE ON EXECUTIVE COMPENSATION.				Management	For		For
DEVON ENERGY CORPORATION
Security				25179M103	Meeting Type				Annual
Ticker Symbol				DVN	Meeting Date				08-Jun-2016
ISIN				US25179M1036	Agenda				934400071 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	DIRECTOR				Management
		1	BARBARA M. BAUMANN			For		For
		2	JOHN E. BETHANCOURT			For		For
		3	DAVID A. HAGER			For		For
		4	ROBERT H. HENRY			For		For
		5	MICHAEL M. KANOVSKY			For		For
		6	ROBERT A. MOSBACHER, JR			For		For
		7	DUANE C. RADTKE			For		For
		8	MARY P. RICCIARDELLO			For		For
		9	JOHN RICHELS			For		For
2.	ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION.				Management	For		For
3.	RATIFY THE APPOINTMENT OF THE COMPANY'S INDEPENDENT AUDITORS FOR 2016.				Management	For		For
4.	REPORT ON LOBBYING ACTIVITIES RELATED TO ENERGY POLICY AND CLIMATE CHANGE.				Shareholder	Against		Against
5.	REPORT ON THE IMPACT OF POTENTIAL CLIMATE CHANGE POLICIES.				Shareholder	Against		Against
6.	REPORT DISCLOSING LOBBYING POLICY AND ACTIVITY.				Shareholder	Against		Against
7.	REMOVE RESERVE ADDITION METRICS FROM THE DETERMINATION OF EXECUTIVE INCENTIVE COMPENSATION.				Shareholder	Against		Against
DELTA AIR LINES, INC.
Security				247361702	Meeting Type				Annual
Ticker Symbol				DAL	Meeting Date				10-Jun-2016
ISIN				US2473617023	Agenda				934402025 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1A.	ELECTION OF DIRECTOR: RICHARD H. ANDERSON				Management	For		For
1B.	ELECTION OF DIRECTOR: EDWARD H. BASTIAN				Management	For		For
1C.	ELECTION OF DIRECTOR: FRANCIS S. BLAKE				Management	For		For
1D.	ELECTION OF DIRECTOR: DANIEL A. CARP				Management	For		For
1E.	ELECTION OF DIRECTOR: DAVID G. DEWALT				Management	For		For
1F.	ELECTION OF DIRECTOR: THOMAS E. DONILON				Management	For		For
1G.	ELECTION OF DIRECTOR: WILLIAM H. EASTER III				Management	For		For
1H.	ELECTION OF DIRECTOR: MICKEY P. FORET				Management	For		For
1I.	ELECTION OF DIRECTOR: SHIRLEY C. FRANKLIN				Management	For		For
1J.	ELECTION OF DIRECTOR: GEORGE N. MATTSON				Management	For		For
1K.	ELECTION OF DIRECTOR: DOUGLAS R. RALPH				Management	For		For
1L.	ELECTION OF DIRECTOR: SERGIO A.L. RIAL				Management	For		For
1M.	ELECTION OF DIRECTOR: KATHY N. WALLER				Management	For		For
1N.	ELECTION OF DIRECTOR: KENNETH B. WOODROW				Management	For		For
2.	TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF DELTA'S NAMED EXECUTIVE OFFICERS.				Management	For		For
3.	TO APPROVE THE AMENDMENT AND RESTATEMENT OF DELTA'S PERFORMANCE COMPENSATION PLAN.				Management	For		For
4.	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS DELTA'S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2016.				Management	For		For
5.	A STOCKHOLDER PROPOSAL FOR SENIOR EXECUTIVES TO RETAIN SIGNIFICANT STOCK.				Shareholder	Against		Against
MEDIVATION, INC.
Security				58501N101	Meeting Type				Annual
Ticker Symbol				MDVN	Meeting Date				22-Jun-2016
ISIN				US58501N1019	Agenda				934417278 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	DIRECTOR				Management
		1	KIM D. BLICKENSTAFF			For		For
		2	KATHRYN E. FALBERG			For		For
		3	DAVID T. HUNG, M.D.			For		For
		4	MICHAEL L. KING, PH.D.			For		For
		5	C. PATRICK MACHADO			For		For
		6	DAWN SVORONOS			For		For
		7	W. ANTHONY VERNON			For		For
		8	WENDY L. YARNO			For		For
2.	TO RATIFY THE SELECTION BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF PRICEWATERHOUSECOOPERS LLP AS MEDIVATION'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2016.				Management	For		For
3.	TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF MEDIVATION'S NAMED EXECUTIVE OFFICERS, AS DISCLOSED IN THE PROXY STATEMENT OF MEDIVATION.				Management	For		For
4.	TO APPROVE AN AMENDMENT AND RESTATEMENT OF THE MEDIVATION, INC. AMENDED AND RESTATED 2004 EQUITY INCENTIVE AWARD PLAN TO INCREASE THE NUMBER OF SHARES OF MEDIVATION'S COMMON STOCK RESERVED FOR ISSUANCE UNDER THE PLAN BY 1,600,000 SHARES AND MAKE CERTAIN OTHER CHANGES AS DESCRIBED IN PROPOSAL NO. 4 IN THE PROXY STATEMENT OF MEDIVATION.				Management	For		For
5.	THE SHAREHOLDER PROPOSAL REGARDING PROXY ACCESS, IF PROPERLY PRESENTED AT THE ANNUAL MEETING.				Shareholder	Against		Against
THE WILLIAMS COMPANIES, INC.
Security				969457100	Meeting Type				Special
Ticker Symbol				WMB	Meeting Date				27-Jun-2016
ISIN				US9694571004	Agenda				934441623 – Management
Item	Proposal				Proposed by	Vote	Management Recommendation
1.	TO APPROVE THE ADOPTION OF THE AGREEMENT AND PLAN OF MERGER (THE "MERGER AGREEMENT") AMONG ENERGY TRANSFER EQUITY, L.P., ENERGY TRANSFER CORP LP ("ETC"), ENERGY TRANSFER CORP GP, LLC, LE GP, LLC, ENERGY TRANSFER EQUITY GP, LLC AND THE WILLIAMS COMPANIES, INC. ("WMB"), AND THE TRANSACTIONS CONTEMPLATED THEREBY, INCLUDING THE MERGER OF WMB WITH AND INTO ETC.				Management	For		For
2.	TO APPROVE, ON AN ADVISORY (NON-BINDING) BASIS, SPECIFIED COMPENSATORY ARRANGEMENTS BETWEEN WMB AND ITS NAMED EXECUTIVE OFFICERS RELATING TO THE TRANSACTIONS CONTEMPLATED BY THE MERGER AGREEMENT.				Management	For		For
3.	TO APPROVE THE ADJOURNMENT OF THE SPECIAL MEETING FROM TIME TO TIME, IF NECESSARY OR APPROPRIATE, TO SOLICIT ADDITIONAL PROXIES IF THERE ARE INSUFFICIENT VOTES AT THE TIME OF THE SPECIAL MEETING TO APPROVE THE MERGER PROPOSAL.				Management	For		For

Saturna Investment Trust, Sextant Global High Income Fund (SGHIX) Proxy Voting Record relating to shareholder meetings held from July 1, 2015 through June 30, 2016
CCR SA, SAO PAULO
Security		P1413U105	Meeting Type				ExtraOrdinary General Meeting
Ticker Symbol		CCRO3 BZ	Meeting Date				21-Jul-2015
ISIN		BRCCROACNOR2	Agenda				706309499 – Management
Item		Proposal		Proposed by	Vote	Management Recommendation
1	TO VOTE REGARDING THE ELECTION OF TWO NEW FULL MEMBERS AND ONE ALTERNATE MEMBER TO THE BOARD OF DIRECTORS OF THE COMPANY, AS A RESULT OF THE RESIGNATION OF I. MR. RICARDO COUTINHO DE SENA AND MR. LUIZ ANIBAL DE LIMA FERNANDES FROM POSITIONS AS FULL MEMBERS OF THE BOARD OF DIRECTORS OF THE COMPANY, AND II. MR. PAULO MARCIO DE OLIVEIRA MONTEIRO FROM A POSITION AS AN ALTERNATE MEMBER		Management	For		For
	OF THE BOARD OF DIRECTORS OF THE COMPANY. NOTE: SLATE. MEMBERS. PRINCIPAL. PAULO MARCIO DE OLIVEIRA MONTEIRO AND ANA DOLORES MOURA CARNEIRO NOVAES. SUBSTITUTE. MARINA ROSENTHAL ROCHA
WHISTLER BLACKCOMB HOLDINGS INC, WHISTLER BC
Security		96336D104	Meeting Type				Annual General Meeting
Ticker Symbol		WB CN	Meeting Date				10-Feb-2016
ISIN		CA96336D1042	Agenda				706591143 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1	TO PASS AN ORDINARY RESOLUTION FIXING THE NUMBER OF DIRECTORS TO BE ELECTED BY SHAREHOLDERS FROM TIME TO TIME AT EIGHT		Management	For		For
2.1	ELECTION OF DIRECTOR: DAVID BROWNLIE		Management	For		For
2.2	ELECTION OF DIRECTOR: JOHN FURLONG		Management	For		For
2.3	ELECTION OF DIRECTOR: RUSSELL GOODMAN		Management	For		For
2.4	ELECTION OF DIRECTOR: SCOTT HUTCHESON		Management	For		For
2.5	ELECTION OF DIRECTOR: PETER MCDERMOTT		Management	For		For
2.6	ELECTION OF DIRECTOR: ERIC RESNICK		Management	For		For
2.7	ELECTION OF DIRECTOR: GRAHAM SAVAGE		Management	For		For
2.8	ELECTION OF DIRECTOR: MICHELE ROMANOW		Management	For		For
3	APPOINTMENT OF KPMG LLP AS AUDITORS OF THE COMPANY FOR THE ENSUING YEAR AND AUTHORIZING THE DIRECTORS TO FIX THEIR REMUNERATION		Management	For		For
SKANDINAVISKA ENSKILDA BANKEN AB, STOCKHOLM
Security		W25381141	Meeting Type				Annual General Meeting
Ticker Symbol		SEBA SS	Meeting Date				22-Mar-2016
ISIN		SE0000148884	Agenda				706715832 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
9	ADOPTION OF THE PROFIT AND LOSS ACCOUNT AND BALANCE SHEET AS WELL AS THE CONSOLIDATED PROFIT AND LOSS ACCOUNT AND CONSOLIDATED BALANCE SHEET		Management	For		For
10	ALLOCATION OF THE BANK'S PROFIT AS SHOWN IN THE BALANCE SHEET ADOPTED BY THE MEETING: THE BOARD OF DIRECTORS PROPOSES A DIVIDEND OF SEK 5.25 PER SHARE		Management	For		For
11	DISCHARGE FROM LIABILITY OF THE MEMBERS OF THE BOARD OF DIRECTORS AND THE PRESIDENT		Management	For		For
12	THE BOARD OF DIRECTOR'S PROPOSAL ON AMENDMENT TO THE ARTICLES OF ASSOCIATION		Management	For		For
13	DETERMINATION OF THE NUMBER OF DIRECTORS AND AUDITORS TO BE ELECTED BY THE MEETING: 13 DIRECTORS AND ONE AUDITOR		Management	For		For
14	APPROVAL OF REMUNERATION TO THE DIRECTORS AND THE AUDITOR ELECTED BY THE MEETING		Management	For		For
15A.1	RE-ELECTION OF DIRECTOR: JOHAN H. ANDRESEN		Management	For		For
15A.2	RE-ELECTION OF DIRECTOR: SIGNHILD ARNEGARD HANSEN		Management	For		For
15A.3	RE-ELECTION OF DIRECTOR: SAMIR BRIKHO		Management	For		For
15A.4	RE-ELECTION OF DIRECTOR: ANNIKA FALKENGREN		Management	For		For
15A.5	RE-ELECTION OF DIRECTOR: WINNIE FOK		Management	For		For
15A.6	RE-ELECTION OF DIRECTOR: URBAN JANSSON		Management	For		For
15A.7	RE-ELECTION OF DIRECTOR: BIRGITTA KANTOLA		Management	For		For
15A.8	RE-ELECTION OF DIRECTOR: TOMAS NICOLIN		Management	For		For
15A.9	RE-ELECTION OF DIRECTOR: SVEN NYMAN		Management	For		For
15A10	RE-ELECTION OF DIRECTOR: JESPER OVESEN		Management	For		For
15A11	RE-ELECTION OF DIRECTOR: MARCUS WALLENBERG		Management	For		For
15A12	NEW ELECTION OF DIRECTOR: HELENA SAXON		Management	For		For
15A13	NEW ELECTION OF DIRECTOR: SARA OHRVALL		Management	For		For
15.B	ELECTION OF CHAIRMAN OF THE BOARD OF DIRECTORS: NOMINATION COMMITTEE PROPOSAL FOR CHAIRMAN OF THE BOARD, MARCUS WALLENBERG		Management	For		For
16	ELECTION OF AUDITOR: PRICEWATERHOUSECOOPERS AB		Management	For		For
17	THE BOARD OF DIRECTOR'S PROPOSAL ON GUIDELINES FOR SALARY AND OTHER REMUNERATION FOR THE PRESIDENT AND MEMBERS OF THE GROUP EXECUTIVE COMMITTEE		Management	For		For
18.A	THE BOARD OF DIRECTOR'S PROPOSAL ON LONG-TERM EQUITY PROGRAMMES FOR 2016: SEB ALL EMPLOYEE PROGRAMME (AEP) 2016 FOR ALL EMPLOYEES IN MOST OF THE COUNTRIES WHERE SEB OPERATES		Management	For		For
18.B	THE BOARD OF DIRECTOR'S PROPOSAL ON LONG-TERM EQUITY PROGRAMMES FOR 2016: SEB SHARE DEFERRAL PROGRAMME (SDP) 2016 FOR THE GROUP EXECUTIVE COMMITTEE, CERTAIN OTHER SENIOR MANAGERS AND A NUMBER OF OTHER KEY EMPLOYEES		Management	For		For
19.A	THE BOARD OF DIRECTOR'S PROPOSAL ON THE ACQUISITION AND SALE OF THE BANK'S OWN SHARES: ACQUISITION OF THE BANK'S OWN SHARES IN ITS SECURITIES BUSINESS		Management	For		For
19.B	THE BOARD OF DIRECTOR'S PROPOSAL ON THE ACQUISITION AND SALE OF THE BANK'S OWN SHARES: ACQUISITION AND SALE OF THE BANK'S OWN SHARES FOR CAPITAL PURPOSES AND FOR LONG-TERM EQUITY PROGRAMMES		Management	For		For
19.C	THE BOARD OF DIRECTOR'S PROPOSAL ON THE ACQUISITION AND SALE OF THE BANK'S OWN SHARES: TRANSFER OF THE BANK'S OWN SHARES TO PARTICIPANTS IN THE 2016 LONG-TERM EQUITY PROGRAMMES		Management	For		For
20	THE BOARD OF DIRECTOR'S PROPOSAL FOR DECISION ON AUTHORISATION TO THE BOARD OF DIRECTORS TO ISSUE CONVERTIBLES		Management	For		For
21	THE BOARD OF DIRECTOR'S PROPOSAL ON THE APPOINTMENT OF AUDITORS OF FOUNDATIONS THAT HAVE DELEGATED THEIR BUSINESS TO THE BANK		Management	For		For
CMMT	THE BOARD DOES NOT MAKE ANY RECOMMENDATION ON RESOLUTIONS 22A TO 22K AND 23		Non-Voting
22.A	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: TO ADOPT A VISION ON ABSOLUTE EQUALITY ON ALL LEVELS WITHIN THE COMPANY BETWEEN MEN AND WOMEN		Management	Against		For
22.B	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: TO DELEGATE TO THE BOARD OF DIRECTORS OF THE COMPANY TO SET UP A WORKING GROUP WITH THE TASK OF IMPLEMENTING ALSO THIS VISION IN THE LONG TERM AS WELL AS CLOSELY MONITOR THE DEVELOPMENT ON BOTH THE EQUALITY AND THE ETHNICITY AREA		Management	Against		For
22.C	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: TO ANNUALLY SUBMIT A REPORT IN WRITING TO THE ANNUAL GENERAL MEETING, AS A SUGGESTION BY INCLUDING THE REPORT IN THE PRINTED VERSION OF THE ANNUAL REPORT		Management	Against		For
22.D	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: TO DELEGATE TO THE BOARD OF DIRECTORS TO TAKE NECESSARY ACTIONS TO CREATE A SHAREHOLDER'S ASSOCIATION IN THE COMPANY		Management	Against		For
22.E	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: THAT A DIRECTOR MAY NOT INVOICE DIRECTOR'S REMUNERATION THROUGH A JURIDICAL PERSON, SWEDISH OR FOREIGN		Management	Against		For
22.F	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: THAT THE NOMINATION COMMITTEE WHEN PERFORMING ITS ASSIGNMENT SHALL PAY SPECIFIC ATTENTION TO QUESTIONS RELATED TO ETHICS, GENDER AND ETHNICITY		Management	Against		For
22.G	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: TO DELEGATE TO THE BOARD OF DIRECTORS TO SUBMIT A PROPOSAL FOR REPRESENTATION IN THE BOARD AS WELL AS IN THE NOMINATION COMMITTEE FOR THE SMALL AND MEDIUM SIZED SHAREHOLDERS TO THE ANNUAL GENERAL MEETING 2017 (OR AN EXTRA SHAREHOLDERS' MEETING HELD BEFORE THAT) FOR DECISION		Management	Against		For
22.H	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: IN RELATION TO ITEM E) ABOVE, DELEGATE TO THE BOARD OF DIRECTORS TO TURN TO APPROPRIATE AUTHORITY-IN THE FIRST PLACE THE SWEDISH GOVERNMENT OR THE TAX AUTHORITIES-TO BRING ABOUT A CHANGED REGULATION IN THIS AREA		Management	Against		For
22.I	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: TO DELEGATE TO THE BOARD OF DIRECTORS TO PERFORM A THOROUGH INVESTIGATION OF THE CONSEQUENCES OF AN ABOLISHMENT OF THE DIFFERENTIATED VOTING POWERS IN SEB, RESULTING IN A PROPOSAL FOR ACTIONS TO BE SUBMITTED TO THE ANNUAL GENERAL MEETING 2017 (OR AN EXTRA SHAREHOLDERS' MEETING HELD BEFORE THAT) FOR DECISION		Management	Against		For
22.J	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: TO DELEGATE TO THE BOARD OF DIRECTORS TO TURN TO THE SWEDISH GOVERNMENT, AND DRAW THE GOVERNMENT'S ATTENTION TO THE DESIRABILITY OF CHANGING THE LAW IN THIS AREA AND ABOLISH THE POSSIBILITY TO HAVE DIFFERENTIATED VOTING POWERS IN SWEDISH LIMITED LIABILITY COMPANIES		Management	Against		For
22.K	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON THAT THE ANNUAL GENERAL MEETING RESOLVES: DELEGATE TO THE BOARD OF DIRECTORS TO TURN TO THE SWEDISH GOVERNMENT AND POINT OUT THE NEED OF A COMPREHENSIVE, NATIONAL REGULATION IN THE AREA MENTIONED IN ITEM 23 BELOW, THAT IS INTRODUCTION OF A SO CALLED QUARANTINE FOR POLITICIANS		Management	Against		For
23	PROPOSAL FROM THE SHAREHOLDER THORWALD ARVIDSSON TO AMEND THE ARTICLES OF ASSOCIATION: ARTICLE 6		Management	Against		For
CCR SA, SAO PAULO
Security		P1413U105	Meeting Type				ExtraOrdinary General Meeting
Ticker Symbol		CCRO3 BZ	Meeting Date				15-Apr-2016
ISIN		BRCCROACNOR2	Agenda				706781956 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
I	TO VOTE REGARDING THE AMENDMENT OF THE CORPORATE BYLAWS OF THE COMPANY, AS FOLLOWS A. PARAGRAPH 3 OF ARTICLE 13 OF THE CORPORATE BYLAWS, TO PROVIDE FOR A NEW RULE FOR REPRESENTATION OF MEMBERS WHO MAY BE ABSENT FROM THE MEETINGS OF THE BOARD OF DIRECTORS OF THE COMPANY, B. ARTICLE 14 OF THE CORPORATE BYLAWS AND THE INCLUSION OF A NEW PARAGRAPH, TO RESOLVE REGARDING THE AMENDMENT AND INCLUSION OF MATTERS THAT ARE WITHIN THE JURISDICTION OF THE BOARD OF DIRECTORS OF THE COMPANY, AND C. A SOLE PARAGRAPH IN ARTICLE 22 AND A PARAGRAPH 2 IN ARTICLE 23 OF THE CORPORATE BYLAWS OF THE COMPANY, TO PROVIDE FOR THE POSSIBILITY OF PREPARING INTERIM BALANCE SHEETS DURING THE COURSE OF THE FISCAL YEAR, INSTEAD OF MERELY EVERY SIX MONTHS, AS IS CURRENTLY PROVIDED FOR, AND TO DISTRIBUTE INTERIM DIVIDENDS ON THE BASIS OF THE MENTIONED BALANCE SHEETS		Management	For		For
II	TO VOTE REGARDING THE AMENDMENT AND RESTATEMENT OF THE CORPORATE BYLAWS OF THE COMPANY, IN THE EVENT THAT THE PROPOSALS FOR THE AMENDMENT OF ARTICLES 13, 14, 22 AND OR 23 OF THE CORPORATE BYLAWS OF THE COMPANY ARE APPROVED, AS DESCRIBED IN ITEM I A, B AND C ABOVE		Management	For		For
CCR SA, SAO PAULO
Security		P1413U105	Meeting Type				Annual General Meeting
Ticker Symbol		CCRO3 BZ	Meeting Date				15-Apr-2016
ISIN		BRCCROACNOR2	Agenda				706864130 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1	TO TAKE KNOWLEDGE OF THE DIRECTORS ACCOUNTS, TO EXAMINE, DISCUSS AND VOTE ON THE ADMINISTRATIONS REPORT, FINANCIAL STATEMENTS AND EXPLANATORY NOTES ACCOMPANIED BY THE INDEPENDENT AUDITORS REPORT FOR THE FISCAL YEAR ENDED ON DECEMBER 31, 2015		Management	For		For
2	TO DECIDE AND APPROVE ON THE REVISION OF THE CAPITAL BUDGET FOR THE 2016 FISCAL YEAR		Management	For		For
3	TO DECIDE ON THE ALLOCATION OF THE RESULT OF THE FISCAL YEAR ENDED ON DECEMBER 31, 2015		Management	For		For
CMMT	THE BOARD / ISSUER HAS NOT RELEASED A STATEMENT ON WHETHER THEY RECOMMEND TO- VOTE IN FAVOUR OR AGAINST THE SLATE UNDER RESOLUTIONS 4 TO 7		Non-Voting
4	ELECTION OF MEMBERS OF THE BOARD OF DIRECTORS OF THE COMPANY. CANDIDATES APPOINTED BY CONTROLLER SHAREHOLDER. NOTE: SLATE. MEMBERS. FULL. RICARDO COUTINHO DE SENA, CHAIRMAN, FRANCISCO CAPRINO NETO, VICE CHAIRMAN, ANA MARIA MARCONDES PENIDO SANT ANNA, PAULO MARCIO DE OLIVEIRA MONTEIRO, PAULO ROBERTO RECKZIEGEL GUEDES, JOSE FLORENCIO RODRIGUES NETO, MURILO CESAR LEMOS DOS SANTOS PASSOS, HENRIQUE SUTTON DE SOUSA NEVES, ANA DOLORES MOURA CARNEIRO NOVAES, LUIZ ALBERTO COLONNA ROSMAN AND LUIZ CARLOS VIEIRA DA SILVA. ALTERNATES. ROSA EVANGELINA PENIDO DALLA VECCHIA, JOSE HENRIQUE BRAGA POLIDO LOPES, MARINA ROSENTHAL ROCHA, TARCISIO AUGUSTO CARNEIRO, ROBERTO NAVARRO EVANGELISTA, LIVIO HAGIME KUZE, FERNANDO LUIZ AGUIAR FILHO, EDUARDA PENIDO DALLA VECCHIA AND EDUARDO PENIDO SANT ANNA		Management	For		For
5	ELECTION OF MEMBERS OF THE BOARD OF DIRECTORS OF THE COMPANY. CANDIDATES APPOINTED BY MINORITY SHAREHOLDERS		Management	For		For
6	ELECTION OF MEMBERS OF THE FISCAL COUNCIL OF THE COMPANY. CANDIDATES APPOINTED BY CONTROLLER SHAREHOLDER. NOTE: SLATE. MEMBERS. FULL. ADALGISO FRAGOSO FARIA, NEWTON BRANDAO FERRAZ RAMOS AND JOSE VALDIR PESCE. ALTERNATES. MARCELO DE ANDRADE, JOSE AUGUSTO GOMES CAMPOS AND EDMAR BRIGUELLI		Management	For		For
7	ELECTION OF MEMBERS OF THE FISCAL COUNCIL OF THE COMPANY. CANDIDATES APPOINTED BY MINORITY SHAREHOLDERS		Management	For		For
8	TO SET THE GLOBAL REMUNERATION OF THE COMPANY DIRECTORS FOR THE 2016 FISCAL YEAR		Management	For		For

Saturna Investment Trust, Saturna Sustainable Equity Fund (SEEFX) Proxy Voting Record relating to shareholder meetings held from July 1, 2015 through June 30, 2016
LENOVO GROUP LTD, HONG KONG
Security		Y5257Y107	Meeting Type			Annual General Meeting
Ticker Symbol		992 HK	Meeting Date			02-Jul-2015
ISIN		HK0992009065	Agenda			706215440 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1	TO RECEIVE AND CONSIDER THE AUDITED ACCOUNTS FOR THE YEAR ENDED MARCH 31, 2015 TOGETHER WITH THE REPORTS OF THE DIRECTORS AND AUDITOR THEREON		Management	For		For
2	TO DECLARE A FINAL DIVIDEND FOR THE ISSUED SHARES FOR THE YEAR ENDED MARCH 31, 2015		Management	For		For
3.a	TO RE-ELECT MR. YANG CHIH-YUAN JERRY AS DIRECTOR		Management	For		For
3.b	TO RE-ELECT MR. YANG YUANQING AS DIRECTOR		Management	For		For
3.c	TO RE-ELECT MR. ZHAO JOHN HUAN AS DIRECTOR		Management	For		For
3.d	TO RE-ELECT MR. NICHOLAS C. ALLEN AS DIRECTOR		Management	For		For
3.e	TO RESOLVE NOT TO FILL UP THE VACATED OFFICE RESULTED FROM THE RETIREMENT OF MR. TING LEE SEN AS DIRECTOR		Management	For		For
3.f	TO AUTHORIZE THE BOARD OF DIRECTORS TO FIX DIRECTORS' FEES		Management	For		For
4	TO RE-APPOINT PRICEWATERHOUSECOOPERS AS AUDITOR AND AUTHORIZE THE BOARD OF DIRECTORS TO FIX AUDITOR'S REMUNERATION		Management	For		For
5	TO GRANT A GENERAL MANDATE TO THE DIRECTORS TO ALLOT, ISSUE AND DEAL WITH ADDITIONAL SHARES NOT EXCEEDING 20% OF THE AGGREGATE NUMBER OF SHARES IN ISSUE OF THE COMPANY		Management	For		For
6	TO GRANT A GENERAL MANDATE TO THE DIRECTORS TO BUY BACK SHARES NOT EXCEEDING 10% OF THE AGGREGATE NUMBER OF SHARES IN ISSUE OF THE COMPANY		Management	For		For
7	TO EXTEND THE GENERAL MANDATE TO THE DIRECTORS TO ISSUE NEW SHARES OF THE COMPANY BY ADDING THE NUMBER OF THE SHARES BOUGHT BACK		Management	For		For
RAMSAY HEALTH CARE LTD, SYDNEY NSW
Security		Q7982Y104	Meeting Type			Annual General Meeting
Ticker Symbol		RHC AU	Meeting Date			12-Nov-2015
ISIN		AU000000RHC8	Agenda			706473547 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
2	TO ADOPT THE REMUNERATION REPORT		Management	For		For
3.1	TO RE-ELECT MICHAEL STANLEY SIDDLE AS A NON-EXECUTIVE DIRECTOR		Management	For		For
3.2	TO RE-ELECT PETER JOHN EVANS AS A NON-EXECUTIVE DIRECTOR		Management	For		For
3.3	TO ELECT PATRICIA ELIZABETH AKOPIANTZ AS A NON-EXECUTIVE DIRECTOR		Management	For		For
3.4	TO ELECT MARGARET LEONE SEALE AS A NON-EXECUTIVE DIRECTOR		Management	For		For
4	TO APPROVE THE INCREASE IN THE MAXIMUM AGGREGATE ANNUAL REMUNERATION OF THE NON- EXECUTIVE DIRECTORS		Management	For		For
5	TO APPROVE THE NON-EXECUTIVE DIRECTOR SHARE RIGHTS PLAN AND THE GRANT OF SHARE RIGHTS TO NON-EXECUTIVE DIRECTORS		Management	For		For
6.1	TO APPROVE THE GRANT OF PERFORMANCE RIGHTS TO EXECUTIVE DIRECTOR-CHRISTOPHER PAUL REX		Management	For		For
6.2	TO APPROVE THE GRANT OF PERFORMANCE RIGHTS TO EXECUTIVE DIRECTOR-BRUCE ROGER SODEN		Management	For		For
SAMSONITE INTERNATIONAL S.A, LUXEMBOURG
Security		L80308106	Meeting Type			ExtraOrdinary General Meeting
Ticker Symbol		1910 HK	Meeting Date			03-Mar-2016
ISIN		LU0633102719	Agenda			706660746 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1	TO (A) REDUCE THE AUTHORISED SHARE CAPITAL OF THE COMPANY FROM ONE BILLION TWELVE MILLION EIGHT HUNDRED THOUSAND THREE HUNDRED SIXTY NINE UNITED STATES DOLLARS NINETY-NINE CENTS (USD 1,012,800,369.99), REPRESENTING ONE HUNDRED AND ONE BILLION TWO HUNDRED EIGHTY MILLION THIRTY-SIX THOUSAND NINE HUNDRED NINETY-NINE (101,280,036,999) SHARES (INCLUDING THE SUBSCRIBED SHARE CAPITAL), TO THIRTY-FIVE MILLION UNITED STATES DOLLARS (USD 35,000,000.-), REPRESENTING THREE BILLION FIVE HUNDRED MILLION (3,500,000,000) SHARES (INCLUDING THE SUBSCRIBED SHARE CAPITAL), (B) RENEW THE AUTHORISATION GRANTED TO THE BOARD OF DIRECTORS OF THE COMPANY UNTIL MAY 11, 2016, FOR AN ADDITIONAL PERIOD OF FIVE YEARS, TO ISSUE COMPANY'S SHARES, TO GRANT OPTIONS TO SUBSCRIBE FOR COMPANY'S SHARES AND TO ISSUE ANY OTHER SECURITIES OR INSTRUMENTS CONVERTIBLE INTO COMPANY'S SHARES, WITHIN THE LIMITS OF THE AUTHORISED SHARE CAPITAL OF THE COMPANY		Management	For		For
PANDORA A/S, GLOSTRUP
Security		K7681L102	Meeting Type			Annual General Meeting
Ticker Symbol		PNDORA DC	Meeting Date			16-Mar-2016
ISIN		DK0060252690	Agenda			706684734 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
2	ADOPTION OF THE ANNUAL REPORT 2015		Management	For		For
3.1	APPROVAL OF REMUNERATION FOR 2015 OF BOARD OF DIRECTORS		Management	For		For
3.2	APPROVAL OF REMUNERATION LEVEL FOR 2016 OF BOARD OF DIRECTORS		Management	For		For
4	RESOLUTION PROPOSED ON THE DISTRIBUTION OF PROFIT AS RECORDED IN THE ADOPTED ANNUAL REPORT, INCLUDING THE PROPOSED AMOUNT OF ANY DIVIDEND TO BE DISTRIBUTED OR PROPOSAL TO COVER ANY LOSS: DKK 13 PER SHARE		Management	For		For
5	RESOLUTION ON THE DISCHARGE FROM LIABILITY OF THE BOARD OF DIRECTORS AND THE EXECUTIVE MANAGEMENT		Management	For		For
6.1	ANY PROPOSAL BY THE SHAREHOLDERS AND OR BOARD OF DIRECTORS. THE BOARD OF DIRECTORS HAS SUBMITTED THE FOLLOWING PROPOSAL: REDUCTION OF THE COMPANY'S SHARE CAPITAL		Management	For		For
6.2	ANY PROPOSAL BY THE SHAREHOLDERS AND OR BOARD OF DIRECTORS. THE BOARD OF DIRECTORS HAS SUBMITTED THE FOLLOWING PROPOSAL: AUTHORITY TO THE BOARD OF DIRECTORS TO LET THE COMPANY BUY BACK TREASURY SHARES		Management	For		For
6.3	ANY PROPOSAL BY THE SHAREHOLDERS AND OR BOARD OF DIRECTORS. THE BOARD OF DIRECTORS HAS SUBMITTED THE FOLLOWING PROPOSAL: AMENDMENTS TO ARTICLE 5.1 OF THE COMPANY'S ARTICLES OF ASSOCIATION		Management	For		For
6.4	ANY PROPOSAL BY THE SHAREHOLDERS AND OR BOARD OF DIRECTORS. THE BOARD OF DIRECTORS HAS SUBMITTED THE FOLLOWING PROPOSAL: AMENDMENT TO ARTICLE 6.8 OF THE COMPANY'S ARTICLES OF ASSOCIATION		Management	For		For
6.5	ANY PROPOSAL BY THE SHAREHOLDERS AND OR BOARD OF DIRECTORS. THE BOARD OF DIRECTORS HAS SUBMITTED THE FOLLOWING PROPOSAL: AUTHORITY TO THE CHAIRMAN OF THE ANNUAL GENERAL MEETING		Management	For		For
7.a	ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: PEDER TUBORGH		Management	For		For
7.b	ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: CHRISTIAN FRIGAST		Management	For		For
7.c	ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: ALLAN LESLIE LEIGHTON		Management	For		For
7.d	ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: ANDREA DAWN ALVEY		Management	For		For
7.e	ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: RONICA WANG		Management	For		For
7.f	ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: ANDERS BOYER SOGAARD		Management	For		For
7.g	ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: BJORN GULDEN		Management	For		For
7.h	ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: PER BANK		Management	For		For
7.i	ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: MICHAEL HAUGE SORENSEN		Management	For		For
7.j	ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: BIRGITTA STYMNE GORANSSON		Management	For		For
8.a	THE BOARD OF DIRECTORS PROPOSES RE-ELECTION OF ERNST AND YOUNG PS AS THE COMPANY'S AUDITOR		Management	For		For
9	ANY OTHER BUSINESS		Non-Voting
CMMT	19 FEB 2016: PLEASE NOTE THAT THIS IS A REVISION DUE TO MODIFICATION OF THE-TEXT OF RESOLUTIONS. IF YOU HAVE ALREADY SENT IN YOUR VOTES, PLEASE DO NOT-VOTE AGAIN UNLESS YOU DECIDE TO AMEND YOUR ORIGINAL INSTRUCTIONS. THANK YOU.		Non-Voting
AIA GROUP LTD, HONG KONG
Security		Y002A1105	Meeting Type			Annual General Meeting
Ticker Symbol		1299 HK	Meeting Date			06-May-2016
ISIN		HK0000069689	Agenda			706814060 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1	TO RECEIVE THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY, THE REPORT OF THE DIRECTORS AND THE INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 30 NOVEMBER 2015		Management	For		For
2	TO DECLARE A FINAL DIVIDEND OF 51.00 HONG KONG CENTS PER SHARE FOR THE YEAR ENDED 30 NOVEMBER 2015		Management	For		For
3	TO RE-ELECT MS. SWEE-LIAN TEO AS INDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY		Management	For		For
4	TO RE-ELECT DR. NARONGCHAI AKRASANEE AS INDEPENDENT NON- EXECUTIVE DIRECTOR OF THE COMPANY		Management	For		For
5	TO RE-ELECT MR. GEORGE YONG- BOON YEO AS INDEPENDENT NON- EXECUTIVE DIRECTOR OF THE COMPANY		Management	For		For
6	TO RE-ELECT MR. MARK EDWARD TUCKER AS EXECUTIVE DIRECTOR OF THE COMPANY		Management	For		For
7	TO RE-APPOINT PRICEWATERHOUSECOOPERS AS AUDITOR OF THE COMPANY FOR THE TERM FROM PASSING OF THIS RESOLUTION UNTIL THE CONCLUSION OF THE NEXT ANNUAL GENERAL MEETING AND TO AUTHORISE THE BOARD OF DIRECTORS OF THE COMPANY TO FIX ITS REMUNERATION		Management	For		For
8.A	TO GRANT A GENERAL MANDATE TO THE DIRECTORS TO ALLOT, ISSUE, GRANT AND DEAL WITH ADDITIONAL SHARES OF THE COMPANY, NOT EXCEEDING 10 PER CENT OF THE AGGREGATE NUMBER OF SHARES IN THE COMPANY IN ISSUE AT THE DATE OF THIS RESOLUTION, AND THE DISCOUNT FOR ANY SHARES TO BE ISSUED SHALL NOT EXCEED 10 PER CENT TO THE BENCHMARKED PRICE		Management	For		For
8.B	TO GRANT A GENERAL MANDATE TO THE DIRECTORS TO REPURCHASE SHARES OF THE COMPANY, NOT EXCEEDING 10 PER CENT OF THE AGGREGATE NUMBER OF SHARES IN THE COMPANY IN ISSUE AT THE DATE OF THIS RESOLUTION		Management	For		For
8.C	TO GRANT A GENERAL MANDATE TO THE DIRECTORS TO ALLOT, ISSUE AND DEAL WITH ADDITIONAL SHARES OF THE COMPANY UNDER THE RESTRICTED SHARE UNIT SCHEME ADOPTED BY THE COMPANY ON 28 SEPTEMBER 2010 (AS AMENDED)		Management	For		For
CMMT	PLEASE NOTE THAT THE COMPANY NOTICE AND PROXY FORM ARE AVAILABLE BY CLICKING-ON THE URL LINKS:- [http://www.hkexnews.hk/listedco/listconew s/SEHK/2016/0323/LTN20160323479.pdf- AND- http://www.hkexnews.hk/listedco/listconews /SEHK/2016/0323/LTN20160323471.pdf]		Non-Voting
BAYERISCHE MOTOREN WERKE AG, MUENCHEN
Security		D12096109	Meeting Type			Annual General Meeting
Ticker Symbol		BMW GR	Meeting Date			12-May-2016
ISIN		DE0005190003	Agenda			706822485 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
2.	APPROVE ALLOCATION OF INCOME AND DIVIDENDS OF EUR 3.22 PER PREFERRED SHARE AND 3.20 PER ORDINARY SHARE		Management	For		For
3.	APPROVE DISCHARGE OF MANAGEMENT BOARD FOR FISCAL 2015		Management	For		For
4.	APPROVE DISCHARGE OF SUPERVISORY BOARD FOR FISCAL 2015		Management	For		For
5.	RATIFY KPMG AG AS AUDITORS FOR FISCAL 2016		Management	For		For
6.	ELECT SIMONE MENNE TO THE SUPERVISORY BOARD		Management	For		For
7.	AMEND CORPORATE PURPOSE		Management	For		For
MURATA MANUFACTURING CO.,LTD.
Security		J46840104	Meeting Type			Annual General Meeting
Ticker Symbol		6981 JP	Meeting Date			29-Jun-2016
ISIN		JP3914400001	Agenda			707130922 – Management
Item	Proposal		Proposed by	Vote	Management Recommendation
1	Approve Appropriation of Surplus		Management	For		For
2	Amend Articles to: Expand Business Lines, Transition to a Company with Supervisory Committee, Increase the Board of Directors Size to 20, Adopt Reduction of Liability System for Non Executive Directors		Management	For		For
3.1	Appoint a Director except as Supervisory Committee Members Murata, Tsuneo		Management	For		For
3.2	Appoint a Director except as Supervisory Committee Members Fujita, Yoshitaka		Management	For		For
3.3	Appoint a Director except as Supervisory Committee Members Inoue, Toru		Management	For		For
3.4	Appoint a Director except as Supervisory Committee Members Nakajima, Norio		Management	For		For
3.5	Appoint a Director except as Supervisory Committee Members Iwatsubo, Hiroshi		Management	For		For
3.6	Appoint a Director except as Supervisory Committee Members Takemura, Yoshito		Management	For		For
3.7	Appoint a Director except as Supervisory Committee Members Ishino, Satoshi		Management	For		For
3.8	Appoint a Director except as Supervisory Committee Members Shigematsu, Takashi		Management	For		For
4.1	Appoint a Director as Supervisory Committee Members Tanaka, Junichi		Management	For		For
4.2	Appoint a Director as Supervisory Committee Members Yoshihara, Hiroaki		Management	For		For
4.3	Appoint a Director as Supervisory Committee Members Toyoda, Masakazu		Management	For		For
4.4	Appoint a Director as Supervisory Committee Members Ueno, Hiroshi		Management	For		For
5	Amend the Compensation to be received by Directors except as Supervisory Committee Members		Management	For		For
6	Amend the Compensation to be received by Directors as Supervisory Committee Members		Management	For		For

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.

SATURNA INVESTMENT TRUST

By /s/ Nicholas Kaiser

Nicholas Kaiser, President

Date: August 31, 2016