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 811-07577
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WM Strategic Asset Management Portfolios, LLP
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(Exact name of registrant as specified in charter)
1201 Third Avenue, 22nd Floor, Seattle, WA 98101
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(Address of principal executive offices) (Zip code)
William G. Papesh, 1201 Third Avenue, 22nd Floor, Seattle, WA 98101
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(Name and address of agent for service)
Registrant's telephone number, including area code: (206) 461-3800
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Date of fiscal year end: October 31, 2004
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Date of reporting period: July 1, 2003-June 30, 2004
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******************************* FORM N-Px REPORT *******************************
ICA File Number: 811-07577
Reporting Period: 07/01/2003 - 06/30/2004
WM Strategic Asset Management Portfolios, LLC
============================ WM BALANCED PORTFOLIO =============================
WM U.S. GOVERNMENT SECURITIES FUND
Ticker: N/A Security ID: 928965722
Meeting Date: FEB 10, 2004 Meeting Type: Special
Record Date: DEC 15, 2003
# Proposal Mgt Rec Vote Cast Sponsor
1 Eliminate the Fund's fundamental policy FOR FOR Management
regarding investment only in U.S.
government securities
2 Eliminate the Fund's fundamental policy FOR FOR Management
regarding investment of at least 80% of
its assets in U.S. government securities
3 Eliminate the Fund's fundamental policy FOR FOR Management
prohibiting investment in other
investment companies
4 Eliminate the Fund's fundamental policy FOR FOR Management
prohibiting investment in equity
securities
5 Amend the Fund's fundamental investment FOR FOR Management
policy regarding investments in real
estate or commodities
====================== WM CONSERVATIVE BALANCED PORTFOLIO ======================
WM U.S. GOVERNMENT SECURITIES FUND
Ticker: N/A Security ID: 928965722
Meeting Date: FEB 10, 2004 Meeting Type: Special
Record Date: DEC 15, 2003
# Proposal Mgt Rec Vote Cast Sponsor
1 Eliminate the Fund's fundamental policy FOR FOR Management
regarding investment only in U.S.
government securities
2 Eliminate the Fund's fundamental policy FOR FOR Management
regarding investment of at least 80% of
its assets in U.S. government securities
3 Eliminate the Fund's fundamental policy FOR FOR Management
prohibiting investment in other
investment companies
4 Eliminate the Fund's fundamental policy FOR FOR Management
prohibiting investment in equity
securities
5 Amend the Fund's fundamental investment FOR FOR Management
policy regarding investments in real
estate or commodities
======================= WM CONSERVATIVE GROWTH PORTFOLIO =======================
WM U.S. GOVERNMENT SECURITIES FUND
Ticker: N/A Security ID: 928965722
Meeting Date: FEB 10, 2004 Meeting Type: Special
Record Date: DEC 15, 2003
# Proposal Mgt Rec Vote Cast Sponsor
1 Eliminate the Fund's fundamental policy FOR FOR Management
regarding investment only in U.S.
government securities
2 Eliminate the Fund's fundamental policy FOR FOR Management
regarding investment of at least 80% of
its assets in U.S. government securities
3 Eliminate the Fund's fundamental policy FOR FOR Management
prohibiting investment in other
investment companies
4 Eliminate the Fund's fundamental policy FOR FOR Management
prohibiting investment in equity
securities
5 Amend the Fund's fundamental investment FOR FOR Management
policy regarding investments in real
estate or commodities
========================= WM FLEXIBLE INCOME PORTFOLIO =========================
WM U.S. GOVERNMENT SECURITIES FUND
Ticker: N/A Security ID: 928965722
Meeting Date: FEB 10, 2004 Meeting Type: Special
Record Date: DEC 15, 2003
# Proposal Mgt Rec Vote Cast Sponsor
1 Eliminate the Fund's fundamental policy FOR FOR Management
regarding investment only in U.S.
government securities
2 Eliminate the Fund's fundamental policy FOR FOR Management
regarding investment of at least 80% of
its assets in U.S. government securities
3 Eliminate the Fund's fundamental policy FOR FOR Management
prohibiting investment in other
investment companies
4 Eliminate the Fund's fundamental policy FOR FOR Management
prohibiting investment in equity
securities
5 Amend the Fund's fundamental investment FOR FOR Management
policy regarding investments in real
estate or commodities
======================== WM STRATEGIC GROWTH PORTFOLIO =========================
The Fund held no voting securities during the period covered by this report.
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.
(Registrant) WM Strategic Asset Management Portfolios, LLP
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By (Signature and Title)* /s/ William G. Papesh,
President and Chief Executive Officer
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Date August 30, 2004
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