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 811-09679
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Adelante Funds
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(Exact name of registrant as specified in charter)
555 12th Street, Oakland, CA 94607
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(Address of principal executive offices) (Zip code)
Adelante Capital Investments, 555 12th Street, Oakland, CA 94607
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(Name and address of agent for service)
Registrant's telephone number, including area code: (510) 986-2100
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Date of fiscal year end: January 31
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Date of reporting period: July 1, 2006 - June 30, 2007
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ITEM 1. PROXY VOTING RECORD
******************************* FORM N-PX REPORT *******************************
ICA File Number: 811-09679
Reporting Period: 07/01/2006 - 06/30/2007
Adelante Funds
======================= U.S. REAL ESTATE SECURITIES FUND =======================
ACADIA REALTY TRUST
Ticker: AKR Security ID: 004239109
Meeting Date: MAY 15, 2007 Meeting Type: Annual
Record Date: MAR 30, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Kenneth F. Bernstein For For Management
1.2 Elect Director Douglas Crocker II For For Management
1.3 Elect Director Alan S. Forman For For Management
1.4 Elect Director Suzanne Hopgood For For Management
1.5 Elect Director Lorrence T. Kellar For For Management
1.6 Elect Director Wendy Luscombe For For Management
1.7 Elect Director Lee S. Wielansky For For Management
2 Ratify Auditors For For Management
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ALEXANDERS, INC.
Ticker: ALX Security ID: 014752109
Meeting Date: MAY 17, 2007 Meeting Type: Annual
Record Date: APR 12, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Michael D. Fascitelli For For Management
1.2 Elect Director Thomas R. Dibenedetto For For Management
2 Ratify Auditors For For Management
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ALEXANDRIA REAL ESTATE EQUITIES, INC.
Ticker: ARE Security ID: 015271109
Meeting Date: MAY 23, 2007 Meeting Type: Annual
Record Date: MAR 30, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Joel S. Marcus For For Management
1.2 Elect Director James H. Richardson For For Management
1.3 Elect Director John L. Atkins, III For For Management
1.4 Elect Director Richard B. Jennings For For Management
1.5 Elect Director Richard H. Klein For For Management
1.6 Elect Director Martin A. Simonetti For For Management
1.7 Elect Director Alan G. Walton For For Management
2 Ratify Auditors For For Management
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AMB PROPERTY CORP.
Ticker: AMB Security ID: 00163T109
Meeting Date: MAY 10, 2007 Meeting Type: Annual
Record Date: MAR 6, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1 Elect Director Afsaneh M. Beshloss For For Management
2 Elect Director T. Robert Burke For For Management
3 Elect Director David A. Cole For For Management
4 Elect Director Lydia H. Kennard For For Management
5 Elect Director J. Michael Losh For For Management
6 Elect Director Hamid R. Moghadam For For Management
7 Elect Director Frederick W. Reid For For Management
8 Elect Director Jeffrey L. Skelton For For Management
9 Elect Director Thomas W. Tusher For For Management
10 Ratify Auditors For For Management
11 Amend Omnibus Stock Plan For For Management
12 Pay For Superior Performance Against For Shareholder
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ARCHSTONE SMITH TRUST
Ticker: ASN Security ID: 039583109
Meeting Date: MAY 16, 2007 Meeting Type: Annual
Record Date: MAR 26, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Stephen R. Demeritt For For Management
1.2 Elect Director Ernest A. Gerardi, Jr. For For Management
1.3 Elect Director Ruth Ann M. Gillis For For Management
1.4 Elect Director Ned S. Holmes For For Management
1.5 Elect Director Robert P. Kogod For For Management
1.6 Elect Director James H. Polk, III For For Management
1.7 Elect Director John C. Schweitzer For For Management
1.8 Elect Director R. Scot Sellers For For Management
1.9 Elect Director Robert H. Smith For For Management
2 Pay For Superior Performance Against Against Shareholder
3 Ratify Auditors For For Management
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AVALONBAY COMMUNITIES, INC.
Ticker: AVB Security ID: 053484101
Meeting Date: MAY 16, 2007 Meeting Type: Annual
Record Date: FEB 28, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Bryce Blair For For Management
1.2 Elect Director Bruce A. Choate For For Management
1.3 Elect Director John J. Healy, Jr. For For Management
1.4 Elect Director Gilbert M. Meyer For For Management
1.5 Elect Director Timothy J. Naughton For For Management
1.6 Elect Director Lance R. Primis For For Management
1.7 Elect Director H. Jay Sarles For For Management
1.8 Elect Director Allan D. Schuster For For Management
1.9 Elect Director Amy P. Williams For For Management
2 Ratify Auditors For For Management
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BIOMED REALTY TRUST,INC
Ticker: BMR Security ID: 09063H107
Meeting Date: MAY 16, 2007 Meeting Type: Annual
Record Date: MAR 30, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Alan D. Gold For For Management
1.2 Elect Director Barbara R. Cambon For For Management
1.3 Elect Director Edward A. Dennis For For Management
1.4 Elect Director Gary A. Kreitzer For For Management
1.5 Elect Director Mark J. Riedy For For Management
1.6 Elect Director Theodore D. Roth For For Management
1.7 Elect Director M. Faye Wilson For For Management
2 Ratify Auditors For For Management
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BOSTON PROPERTIES, INC.
Ticker: BXP Security ID: 101121101
Meeting Date: MAY 15, 2007 Meeting Type: Annual
Record Date: MAR 26, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Mortimer B. Zuckerman For Withhold Management
1.2 Elect Director Carol B. Einiger For Withhold Management
1.3 Elect Director Richard E. Salomon For Withhold Management
2 Approve Omnibus Stock Plan For For Management
3 Ratify Auditors For For Management
4 Declassify the Board of Directors Against For Shareholder
5 Report on Energy Efficiency Against For Shareholder
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BRE PROPERTIES, INC.
Ticker: BRE Security ID: 05564E106
Meeting Date: MAY 17, 2007 Meeting Type: Annual
Record Date: MAR 15, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Robert A. Fiddaman For For Management
1.2 Elect Director Roger P. Kuppinger For For Management
1.3 Elect Director Irving F. Lyons, III For For Management
1.4 Elect Director Edward E. Mace For For Management
1.5 Elect Director Christopher J. Mcgurk For For Management
1.6 Elect Director Matthew T. Medeiros For For Management
1.7 Elect Director Constance B. Moore For For Management
1.8 Elect Director Jeanne R. Myerson For For Management
1.9 Elect Director Gregory M. Simon For For Management
2 Ratify Auditors For For Management
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BROOKFIELD PROPERTIES CORP.
Ticker: BPO Security ID: 112900105
Meeting Date: APR 26, 2007 Meeting Type: Annual/Special
Record Date: MAR 15, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Gordon E. Arnell For For Management
1.2 Elect Director William T. Cahill For For Management
1.3 Elect Director Richard B. Clark For For Management
1.4 Elect Director Jack L. Cockwell For For Management
1.5 Elect Director J. Bruce Flatt For For Management
1.6 Elect Director Roderick D. Fraser For For Management
1.7 Elect Director Paul D. McFarlane For For Management
1.8 Elect Director Allan S. Olson For For Management
1.9 Elect Director Samuel P.S. Pollock For For Management
1.10 Elect Director Linda D. Rabbitt For For Management
1.11 Elect Director Robert L. Stelzl For For Management
1.12 Elect Director Diana L. Taylor For For Management
1.13 Elect Director John E. Zuccotti For For Management
2 Approve Deloitte & Touche LLP as Auditors For For Management
and Authorize Board to Fix Remuneration
of Auditors
3 Amend Stock Option Plan For For Management
4 Approve 2:3 Stock Split for Common and For For Management
Approve 4:9 Stock Spilt for Class A
Redeemable Voting Preferred Shares
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CAMDEN PROPERTY TRUST
Ticker: CPT Security ID: 133131102
Meeting Date: MAY 1, 2007 Meeting Type: Annual
Record Date: MAR 21, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Richard J. Campo For For Management
1.2 Elect Director William R. Cooper For For Management
1.3 Elect Director Scott S. Ingraham For For Management
1.4 Elect Director Lewis A. Levey For For Management
1.5 Elect Director William B. Mcguire, Jr. For For Management
1.6 Elect Director William F. Paulsen For For Management
1.7 Elect Director D. Keith Oden For For Management
1.8 Elect Director F. Gardner Parker For For Management
1.9 Elect Director Steven A. Webster For For Management
2 Ratify Auditors For For Management
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CBL & ASSOCIATES PROPERTIES, INC.
Ticker: CBL Security ID: 124830100
Meeting Date: MAY 7, 2007 Meeting Type: Annual
Record Date: MAR 12, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Stephen D. Lebovitz For For Management
1.2 Elect Director Winston W. Walker For For Management
2 Ratify Auditors For For Management
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COLONIAL PROPERTIES TRUST
Ticker: CLP Security ID: 195872106
Meeting Date: APR 25, 2007 Meeting Type: Annual
Record Date: MAR 8, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Weston M. Andress For For Management
1.2 Elect Director Carl F. Bailey For For Management
1.3 Elect Director M. Miller Gorrie For For Management
1.4 Elect Director William M. Johnson For For Management
1.5 Elect Director Glade M. Knight For For Management
1.6 Elect Director James K. Lowder For For Management
1.7 Elect Director Thomas H. Lowder For For Management
1.8 Elect Director Herbert A. Meisler For For Management
1.9 Elect Director Claude B. Nielsen For For Management
1.10 Elect Director Harold W. Ripps For For Management
1.11 Elect Director Donald T. Senterfitt For For Management
1.12 Elect Director John W. Spiegel For For Management
1.13 Elect Director C.R. Thompson, III For For Management
2 Ratify Auditors For For Management
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CORPORATE OFFICE PROPERTIES TRUST, INC.
Ticker: OFC Security ID: 22002T108
Meeting Date: MAY 17, 2007 Meeting Type: Annual
Record Date: MAR 15, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Trustee Douglas M. Firstenberg For For Management
1.2 Elect Trustee Clay W. Hamlin, III For For Management
1.3 Elect Trustee Jay H. Shidler For For Management
1.4 Elect Trustee Kenneth S. Sweet, Jr. For For Management
2 Approve Omnibus Stock Plan For Against Management
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DOUGLAS EMMETT, INC.
Ticker: DEI Security ID: 25960P109
Meeting Date: MAY 31, 2007 Meeting Type: Annual
Record Date: APR 2, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Dan A. Emmett For For Management
1.2 Elect Director Jordan L. Kaplan For For Management
1.3 Elect Director Kenneth M. Panzer For For Management
1.4 Elect Director Leslie E. Bider For For Management
1.5 Elect Director Victor J. Coleman For For Management
1.6 Elect Director G. Selassie Mehreteab For For Management
1.7 Elect Director Thomas E. O'Hern For For Management
1.8 Elect Director Dr. Andrea Rich For For Management
1.9 Elect Director William Wilson III For For Management
2 Ratify Auditors For For Management
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DUKE REALTY CORPORATION
Ticker: DRE Security ID: 264411505
Meeting Date: APR 25, 2007 Meeting Type: Annual
Record Date: FEB 26, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Barrington H. Branch For For Management
1.2 Elect Director Geoffrey Button For For Management
1.3 Elect Director William Cavanaugh III For For Management
1.4 Elect Director Ngaire E. Cuneo For For Management
1.5 Elect Director Charles R. Eitel For For Management
1.6 Elect Director R. Glenn Hubbard For For Management
1.7 Elect Director Martin C. Jischke For For Management
1.8 Elect Director L. Ben Lytle For For Management
1.9 Elect Director William O. Mccoy For For Management
1.10 Elect Director Dennis D. Oklak For For Management
1.11 Elect Director Jack R. Shaw For For Management
1.12 Elect Director Robert J. Woodward, Jr. For For Management
2 Ratify Auditors For For Management
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EQUITY OFFICE PROPERTIES TRUST
Ticker: EOP Security ID: 294741103
Meeting Date: FEB 7, 2007 Meeting Type: Special
Record Date: DEC 28, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Merger Agreement For For Management
2 Adjourn Meeting For For Management
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EQUITY RESIDENTIAL
Ticker: EQR Security ID: 29476L107
Meeting Date: MAY 24, 2007 Meeting Type: Annual
Record Date: MAR 30, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director John W. Alexander For For Management
1.2 Elect Director Charles L. Atwood For For Management
1.3 Elect Director Stephen O. Evans For For Management
1.4 Elect Director Boone A. Knox For For Management
1.5 Elect Director John E. Neal For For Management
1.6 Elect Director David J. Neithercut For For Management
1.7 Elect Director Desiree G. Rogers For For Management
1.8 Elect Director Sheli Z. Rosenberg For For Management
1.9 Elect Director Gerald A. Spector For For Management
1.10 Elect Director B. Joseph White For For Management
1.11 Elect Director Samuel Zell For For Management
2 Ratify Auditors For For Management
3 Require a Majority Vote for the Election Against Against Shareholder
of Directors
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ESSEX PROPERTY TRUST, INC.
Ticker: ESS Security ID: 297178105
Meeting Date: MAY 8, 2007 Meeting Type: Annual
Record Date: FEB 28, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Keith R. Guericke For For Management
1.2 Elect Director Issie N. Rabinovitch For For Management
1.3 Elect Director Thomas E. Randlett For For Management
2 Ratify Auditors For For Management
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FEDERAL REALTY INVESTMENT TRUST
Ticker: FRT Security ID: 313747206
Meeting Date: MAY 2, 2007 Meeting Type: Annual
Record Date: MAR 13, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Jon E. Bortz For For Management
1.2 Elect Director David W. Faeder For For Management
1.3 Elect Director Kristin Gamble For For Management
2 Ratify Auditors For For Management
3 Amend Omnibus Stock Plan For For Management
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FOREST CITY ENTERPRISES, INC.
Ticker: FCE.A Security ID: 345550107
Meeting Date: JUN 21, 2007 Meeting Type: Annual
Record Date: APR 23, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Michael P. Esposito, Jr. For For Management
1.2 Elect Director Joan K. Shafran For Withhold Management
1.3 Elect Director Louis Stokes For For Management
1.4 Elect Director Stan Ross For For Management
2 Ratify Auditors For For Management
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GENERAL GROWTH PROPERTIES, INC.
Ticker: GGP Security ID: 370021107
Meeting Date: MAY 15, 2007 Meeting Type: Annual
Record Date: MAR 16, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director John Bucksbaum For For Management
1.2 Elect Director Alan Cohen For For Management
1.3 Elect Director Anthony Downs For For Management
2 Amend Nonqualified Employee Stock For For Management
Purchase Plan
3 Ratify Auditors For For Management
4 Declassify the Board of Directors Against For Shareholder
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KILROY REALTY CORP.
Ticker: KRC Security ID: 49427F108
Meeting Date: MAY 17, 2007 Meeting Type: Annual
Record Date: MAR 12, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director William P. Dickey For For Management
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KIMCO REALTY CORP.
Ticker: KIM Security ID: 49446R109
Meeting Date: MAY 17, 2007 Meeting Type: Annual
Record Date: MAR 23, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Martin S. Kimmel For For Management
1.2 Elect Director Milton Cooper For Withhold Management
1.3 Elect Director Richard G. Dooley For Withhold Management
1.4 Elect Director Michael J. Flynn For Withhold Management
1.5 Elect Director Joe Grills For For Management
1.6 Elect Director David B. Henry For Withhold Management
1.7 Elect Director F. Patrick Hughes For For Management
1.8 Elect Director Frank Lourenso For Withhold Management
1.9 Elect Director Richard Saltzman For For Management
2 Company Specific-Equity-Related For For Management
--Increase Number of Shares of
Authorized Stock to Issue, Common Stock
and Excess Stock
3 Ratify Auditors For For Management
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LEXINGTON CORPORATE PROPERTIES TRUST
Ticker: LXP Security ID: 529043101
Meeting Date: NOV 20, 2006 Meeting Type: Special
Record Date: OCT 13, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Merger Agreement For For Management
2 Adjourn Meeting For For Management
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LIBERTY PROPERTY TRUST
Ticker: LRY Security ID: 531172104
Meeting Date: MAY 17, 2007 Meeting Type: Annual
Record Date: MAR 20, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director J. Anthony Hayden For For Management
1.2 Elect Director M. Leanne Lachman For For Management
2 Ratify Auditors For For Management
3 Amend Omnibus Stock Plan For For Management
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MACERICH CO., THE
Ticker: MAC Security ID: 554382101
Meeting Date: MAY 30, 2007 Meeting Type: Annual
Record Date: MAR 13, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Edward C. Coppola For For Management
1.2 Elect Director Fred S. Hubbell For For Management
1.3 Elect Director William P. Sexton For For Management
2 Ratify Auditors For For Management
3 Declassify the Board of Directors Against For Shareholder
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MACK-CALI REALTY CORP.
Ticker: CLI Security ID: 554489104
Meeting Date: MAY 23, 2007 Meeting Type: Annual
Record Date: APR 5, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Alan S. Bernikow For For Management
1.2 Elect Director Kenneth M. Duberstein For For Management
1.3 Elect Director Vincent Tese For For Management
1.4 Elect Director Roy J. Zuckerberg For Withhold Management
2 Ratify Auditors For For Management
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MAGUIRE PROPERTIES, INC.
Ticker: MPG Security ID: 559775101
Meeting Date: JUN 5, 2007 Meeting Type: Annual
Record Date: APR 27, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Robert F. Maguire III For For Management
1.2 Elect Director Lawrence S. Kaplan For For Management
1.3 Elect Director Caroline S. Mcbride For For Management
1.4 Elect Director Andrea L. Van De Kamp For For Management
1.5 Elect Director Walter L. Weisman For For Management
1.6 Elect Director Lewis N. Wolff For For Management
2 Ratify Auditors For For Management
3 Amend Omnibus Stock Plan For Against Management
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NEWKIRK REALTY TRUST, INC.
Ticker: NKT Security ID: 651497109
Meeting Date: NOV 20, 2006 Meeting Type: Special
Record Date: OCT 13, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Merger Agreement For For Management
2 Adjourn Meeting For For Management
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PAN PACIFIC RETAIL PROPERTIES, INC.
Ticker: PNP Security ID: 69806L104
Meeting Date: SEP 25, 2006 Meeting Type: Special
Record Date: AUG 18, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Merger Agreement For Against Management
2 Adjourn Meeting For For Management
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POST PROPERTIES, INC.
Ticker: PPS Security ID: 737464107
Meeting Date: MAY 24, 2007 Meeting Type: Annual
Record Date: MAR 26, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Robert C. Goddard, III For For Management
1.2 Elect Director David P. Stockert For For Management
1.3 Elect Director Herschel M. Bloom For For Management
1.4 Elect Director Douglas Crocker, II For For Management
1.5 Elect Director Walter M. Deriso, Jr. For For Management
1.6 Elect Director Russell R. French For For Management
1.7 Elect Director Charles E. Rice For For Management
1.8 Elect Director Stella F. Thayer For For Management
1.9 Elect Director Ronald de Waal For For Management
2 Ratify Auditors For For Management
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PROLOGIS
Ticker: PLD Security ID: 743410102
Meeting Date: MAY 15, 2007 Meeting Type: Annual
Record Date: MAR 12, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director K. Dane Brooksher For For Management
1.2 Elect Director Stephen L. Feinberg For For Management
1.3 Elect Director George L. Fotiades For For Management
1.4 Elect Director Christine N. Garvey For For Management
1.5 Elect Director Donald P. Jacobs For For Management
1.6 Elect Director Walter C. Rakowich For For Management
1.7 Elect Director Nelson C. Rising For For Management
1.8 Elect Director Jeffrey H. Schwartz For For Management
1.9 Elect Director D. Michael Steuert For For Management
1.10 Elect Director J. Andre Teixeira For For Management
1.11 Elect Director William D. Zollars For Withhold Management
1.12 Elect Director Andrea M. Zulberti For For Management
2 Ratify Auditors For For Management
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REGENCY CENTERS CORP.
Ticker: REG Security ID: 758849103
Meeting Date: MAY 1, 2007 Meeting Type: Annual
Record Date: MAR 7, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Martin E. Stein, Jr. For For Management
1.2 Elect Director Raymond L. Bank For For Management
1.3 Elect Director C. Ronald Blankenship For For Management
1.4 Elect Director A.R. Carpenter For For Management
1.5 Elect Director J. Dix Druce For For Management
1.6 Elect Director Mary Lou Fiala For For Management
1.7 Elect Director Bruce M. Johnson For For Management
1.8 Elect Director Douglas S. Luke For For Management
1.9 Elect Director John C. Schweitzer For For Management
1.10 Elect Director Thomas G. Wattles For For Management
1.11 Elect Director Terry N. Worrell For For Management
2 Ratify Auditors For For Management
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SIMON PROPERTY GROUP, INC.
Ticker: SPG Security ID: 828806109
Meeting Date: MAY 10, 2007 Meeting Type: Annual
Record Date: MAR 9, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Birch Bayh For For Management
1.2 Elect Director Melvyn E. Bergstein For For Management
1.3 Elect Director Linda Walker Bynoe For For Management
1.4 Elect Director Karen N. Horn, Ph.D. For For Management
1.5 Elect Director Reuben S. Leibowitz For For Management
1.6 Elect Director J. Albert Smith, Jr. For For Management
1.7 Elect Director Pieter S. van den Berg For For Management
2 Ratify Auditors For For Management
3 Pay for Superior Performance Against For Shareholder
4 Advisory Vote to Ratify Named Executive Against For Shareholder
Officers' Compensation
5 Submit Severance Agreement (Change in Against For Shareholder
Control) to shareholder Vote
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SL GREEN REALTY CORP.
Ticker: SLG Security ID: 78440X101
Meeting Date: MAY 24, 2007 Meeting Type: Annual
Record Date: MAR 20, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1 Elect Director Edwin Thomas Burton, III For For Management
2 Ratify Auditors For For Management
3 Amend Omnibus Stock Plan For For Management
4 Increase Authorized Common Stock For For Management
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TAUBMAN CENTERS, INC.
Ticker: TCO Security ID: 876664103
Meeting Date: MAY 9, 2007 Meeting Type: Annual
Record Date: MAR 22, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Jerome A. Chazen For For Management
1.2 Elect Director Craig M. Hatkoff For For Management
2 Ratify Auditors For For Management
3 Declassify the Board of Directors Against For Shareholder
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UDR, INC.
Ticker: UDR Security ID: 910197102
Meeting Date: MAY 8, 2007 Meeting Type: Annual
Record Date: MAR 13, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Katherine A. Cattanach, For For Management
Ph.D.
1.2 Elect Director Eric J. Foss For For Management
1.3 Elect Director Robert P. Freeman For For Management
1.4 Elect Director Jon A. Grove For For Management
1.5 Elect Director James D. Klingbeil For For Management
1.6 Elect Director Robert C. Larson For For Management
1.7 Elect Director Thomas R. Oliver For For Management
1.8 Elect Director Lynne B. Sagalyn, Ph.D. For For Management
1.9 Elect Director Mark J. Sandler For For Management
1.10 Elect Director Thomas W. Toomey For For Management
1.11 Elect Director Thomas C. Wajnert For For Management
2 Ratify Auditors For For Management
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VORNADO REALTY TRUST
Ticker: VNO Security ID: 929042109
Meeting Date: MAY 22, 2007 Meeting Type: Annual
Record Date: APR 12, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Robert P. Kogod For For Management
1.2 Elect Director David Mandelbaum For For Management
1.3 Elect Director Richard R. West For For Management
2 Ratify Auditors For For Management
3 Require a Majority Vote for the Election Against Against Shareholder
of Directors
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WEINGARTEN REALTY INVESTORS
Ticker: WRI Security ID: 948741103
Meeting Date: MAY 3, 2007 Meeting Type: Annual
Record Date: MAR 15, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Stanford Alexander For For Management
1.2 Elect Director Andrew M. Alexander For For Management
1.3 Elect Director James W. Crownover For For Management
1.4 Elect Director Robert J. Cruikshank For For Management
1.5 Elect Director Melvin A. Dow For For Management
1.6 Elect Director Stephen A. Lasher For For Management
1.7 Elect Director Douglas W. Schnitzer For For Management
1.8 Elect Director Marc J. Shapiro For For Management
2 Ratify Auditors For For Management
========== END NPX 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) Adelante Funds
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By (Signature and Title) /s/ Mark A. Hoopes, Principal Financial Officer
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Date 8/13/07
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