UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-PX
FORM N-PX
Annual Report of Proxy voting Record of
Registered Management Investment Company
Investment Company Act file number 811-07585
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IPC FUNDS
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(Exact name of registrant as specified in charter)
C/O FROST BROWN TODD LLC,
2200 PNC CENTER, 201 E. 5TH ST.,
CINCINNATI OH 45202-4182
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(Address of principal executive offices)(Zip code)
ROBERT C. THURMOND, 4855 GEDNEY VIEW, CLINTON WA 98236
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(Name and address of agent for service)
Registrant's telephone number, Registrant no longer maintains a telephone
including area code: number. To contact registrant, please call
Karen M. McLaughlin of Frost Brown Todd LLC
at 513.651.6800.
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Date of fiscal year end: JUNE 30
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Date of reporting period: JUNE 30, 2005
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Form N-PX is to be used by a registered management investment company,
other than a small business investment company registered on Form N-5 (ss.ss.
239.24 and 274.5 of this chapter), to file reports with the Commission, not
later than August 31 of each year, containing the registrant's proxy voting
record for the most recent twelve-month period ended June 30, pursuant to
section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17
CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in
its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form
N-PX, and the Commission will make this information public. A registrant is not
required to respond to the collection of information contained in Form N-PX
unless the Form displays a currently valid Office of Management and Budget
("OMB") control number. Please direct comments concerning the accuracy of the
information collection burden estimate and any suggestions for reducing the
burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street,
NW, Washington, DC 20549-0609. The OMB has reviewed this collection of
information under the clearance requirements of 44 U.S.C. ss. 3507.
ITEM 1. PROXY VOTING RECORD
IPC FUNDS--WWW INTERNET FUND SERIES
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NAME OF ISSUER TICKER CUSIP SHAREHOLDER MATTER(S) PROPOSED BY WHETHER HOW FUND WHETHER
SYMBOL MEETING DATE ISSUER (I) OR FUND VOTED VOTED FUND VOTED
SECURITY (Y=YES) FOR (F)
HOLDER (S) (N=NO) OR AGAINST
(A)
MANAGEMENT
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Charter Communications CHTR 16117M107 07/27/04 Director Nominee I Y Yes F
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Charter Communications CHTR 16117M107 07/27/04 Appointment Accounting
Firm I Y Yes F
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Electronic Arts ERTS 285512109 07/29/04 Board of Directors I Y Yes F
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.....................................................................................................................................
Electronic Arts ERTS 285512109 07/29/04 Amendment Equity
Incentive Plan I Y Yes F
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Electronic Arts ERTS 285512109 07/29/04 Amendment Employee
Stock Purchase Plan I Y Yes F
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.....................................................................................................................................
Electronic Arts ERTS 285512109 07/29/04 Consolidate Common
Stock I Y Yes F
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Electronic Arts ERTS 285512109 07/29/04 Increase Authorized
Number Shares I Y Yes F
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Red Hat, Inc. RHAT 756577102 09/21/04 Board of Directors I Y Yes F
.....................................................................................................................................
.....................................................................................................................................
Red Hat, Inc. RHAT 756577102 09/21/04 Auditors I Y Yes F
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Red Hat, Inc. RHAT 756577102 09/21/04 2004 Long-Term
Incentive Plan I Y Yes F
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IPC FUNDS--GROWTH FLEX FUND SERIES
.....................................................................................................................................
NAME OF ISSUER TICKER CUSIP SHAREHOLDER MATTER(S) PROPOSED BY WHETHER HOW FUND WHETHER
SYMBOL MEETING DATE ISSUER (I) OR FUND VOTED VOTED FUND VOTED
SECURITY (Y=YES) FOR (F)
HOLDER (S) (N=NO) OR AGAINST
(A)
MANAGEMENT
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Dell Inc. DELL 24702R101 07/16/04 Board of Directors I Y Yes F
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Dell Inc. DELL 24702R101 07/16/04 Auditors I Y Yes F
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Dell Inc. DELL 24702R101 07/16/04 Expensing Stock
Options S Y Yes A
.....................................................................................................................................
.....................................................................................................................................
Charter Communications CHTR 16117M107 07/27/04 Director Nominee I Y Yes F
.....................................................................................................................................
.....................................................................................................................................
Charter Communications CHTR 16117M107 07/27/04 Appointment Accounting
Firm I Y Yes F
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Proctor & Gamble PG 742718109 10/12/04 Board of Directors I Y Yes F
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Proctor & Gamble PG 742718109 10/12/04 Appointment Accounting
Firm I Y Yes F
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Proctor & Gamble PG 742718109 10/12/04 Increase Authorized
Number Shares I Y Yes F
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Proctor & Gamble PG 742718109 10/12/04 Annual Election of
Directors I Y No F
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Proctor & Gamble PG 742718109 10/12/04 In-Home Pet Nutrition
Studies S Y No F
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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) IPC FUNDS
By (Signature and Title)* /S/ ROBERT C. THURMOND
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Robert C. Thurmond,
Trustee and Chairman of the Audit Committee
Date AUGUST 29, 2005
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* Print the name and title of each signing officer under his or her signature.