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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 811-05646
__________________________________________
New Century Portfolios
_____________________________________________________________________________
Exact name of registrant as specified in charter)
40 William Street, Suite 100 Wellesley, Massachusetts 02481
_____________________________________________________________________________
(Address of principal executive offices)
Nicole M. Tremblay, Esq.
Weston Financial Group, Inc.
40 William Street
Wellesley, Massachusetts 02481
_____________________________________________________________________________
(Name and address of agent for service)
Registrant's telephone number, including area code: (781) 235-7055
________________________
Date of fiscal year end: October 31, 2004
____________________
Date of reporting period: July 1, 2003 - June 30, 2004
________________________________
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.
SEC 2451 (4-03) Persons who are to respond to the collection of information
contained in this form are not required to respond unless the
form displays a currently valid OMB control number.
ITEM 1. PROXY VOTING RECORD:
Appended hereto as Exhibit A is the following information indicating for each
matter relating to a portfolio security owned by the Registrant considered at
any shareholder meeting held during the twelve month period ended June 30, 2004
with respect to which the Registrant was entitled to vote:
(a) The name of the issuer of the portfolio security;
(b) The exchange ticker symbol of the portfolio security;
(c) The Council on Uniform Securities Identification Procedures
("CUSIP") number for the portfolio security;
(d) The shareholder meeting date;
(e) A brief identification of the matter voted on;
(f) Whether the matter was proposed by the issuer or by a security
holder;
(g) Whether the Registrant cast its vote on the matter;
(h) How the Registrant cast its vote (e.g., for or against proposal,
or abstain; for or withhold regarding election of directors); and
(i) Whether the Registrant cast its vote for or against management.
SIGNATURES
----------
[See General Instruction F]
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) New Century Portfolios
_________________________________________________________________
By (Signature and Title)* /s/ Wayne M. Grzecki
____________________________________________________
Wayne M. Grzecki, President
Date August 27, 2004
________________________________________________________________________
* Print the name and title of each signing officer under his or her signature.
Exhibit A
- ------------------------------------------------------------------------------------------------------------------------------------
(A) (B) (C) (D) (E) (F) (G) (H) (I)
- ------------------------------------------------------------------------------------------------------------------------------------
First American Funds, Inc. 07/21/03 12b-1 Plan for Class S Shares Issuer Yes For For
(Treasury Obligations Fund class S) FATXX 31846V88D
- ------------------------------------------------------------------------------------------------------------------------------
First American Funds, Inc. 07/21/03 12b-1 Plan for Class S Shares Issuer Yes For For
(Treasury Obligations Fund class S) FATXX 31846V88D
- ------------------------------------------------------------------------------------------------------------------------------
First American Funds, Inc. 07/21/03 12b-1 Plan for Class S Shares Issuer Yes For For
(Treasury Obligations Fund class S) FATXX 31846V88D
- ------------------------------------------------------------------------------------------------------------------------------
First American Funds, Inc. 07/21/03 12b-1 Plan for Class S Shares Issuer Yes For For
(Treasury Obligations Fund class S) FATXX 31846V88D
- ------------------------------------------------------------------------------------------------------------------------------
First American Funds, Inc. 07/21/03 12b-1 Plan for Class S Shares Issuer Yes For For
(Treasury Obligations Fund class S) FATXX 31846V88D
- ------------------------------------------------------------------------------------------------------------------------------
Alkermes, Inc. ALKS 01642TBBH 09/09/03 Elect Officers Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Investment Co. Institute n/a n/a 10/02/03 Elect BOG Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Investment Co. Institute n/a n/a 10/02/03 Ratify Accountants Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Investment Co. Institute n/a n/a 10/02/03 Elect BOG Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Investment Co. Institute n/a n/a 10/02/03 Ratify Accountants Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Investment Co. Institute n/a n/a 10/02/03 Elect BOG Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Investment Co. Institute n/a n/a 10/02/03 Ratify Accountants Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Investment Co. Institute n/a n/a 10/02/03 Elect BOG Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Investment Co. Institute n/a n/a 10/02/03 Ratify Accountants Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Investment Co. Institute n/a n/a 10/02/03 Elect BOG Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Investment Co. Institute n/a n/a 10/02/03 Ratify Accountants Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Columbia Funds CMHYX 197708100 10/07/03 Elect directors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Columbia Funds CMHYX 197708100 10/07/03 Name changes of funds Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Applera Corporation ABI 038020BAI 10/16/03 Elect directors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Applera Corporation ABI 038020BAI 10/16/03 Ratify auditors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Applera Corporation ABI 038020BBH 10/16/03 Elect directors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Applera Corporation ABI 038020BBH 10/16/03 Ratify auditors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
IDEC Pharmaceuticals Corp BIIB 449370BBH 11/12/03 Merger with Biogen Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Biogen, Inc. BIIB 090597BBH 11/12/03 Merger with IDEC Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Enzon Pharmaceuticals, Inc. ENZN 293904BBH 12/02/03 Elect Directors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Enzon Pharmaceuticals, Inc. ENZN 293904BBH 12/02/03 Amendments to incentive
stock plan Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Enzon Pharmaceuticals, Inc. ENZN 293904BBH 12/02/03 Ratify selection of
independent CPA's Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
First Eagle Global Fund SGENX 32008F507 03/31/04 Elect BOD Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
First Eagle Global Fund SGENX 32008F507 03/31/04 Change Domicile of Fund Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
First Eagle Global Fund SGENX 32008F507 03/31/04 Loan Restrictions Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
First Eagle Global Fund SGENX 32008F507 03/31/04 Commodity Restrictions Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
First Eagle Global Fund SGENX 32008F507 03/31/04 Bank CD Restrictions Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Genentech, Inc. DNA 368710BBH 04/16/04 Approve number of Directors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Genentech, Inc. DNA 368710BBH 04/16/04 Elect Directors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Genentech, Inc. DNA 368710BBH 04/16/04 Approve increase of common
stock Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Genentech, Inc. DNA 368710BBH 04/16/04 Approve Equity Incentive Plan Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Genentech, Inc. DNA 368710BBH 04/16/04 Ratify auditors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Rydex Juno Fund RYJUX 783554702 04/30/04 Elect Trustees Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Rydex Juno Fund RYJUX 783554702 04/30/04 Approve new Investment
Advisory Agreement for
Series Funds Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Rydex Juno Fund RYJUX 783554702 04/30/04 Approve new Investment
Advisory Agreement for
Dynamic Funds Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Rydex Juno Fund RYJUX 783554702 04/30/04 Change of Investment
objective from fundamental
to non-fundamental Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
ASAF International Equity Fund WBCIX 86277E450 05/03/04 Merger with ASAF William Issuer Yes For For
Blair Int'l Growth Fund
- ------------------------------------------------------------------------------------------------------------------------------
Plum Creek Timber Company, Inc. PCL 729251108 05/04/04 Elect BOD Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Plum Creek Timber Company, Inc. PCL 729251108 05/04/04 Approve amended Stock
Incentive Plan Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Plum Creek Timber Company, Inc. PCL 729251108 05/04/04 Ratify auditors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Plum Creek Timber Company, Inc. PCL 729251108 05/04/04 Consider stockholder
proposal Stockholder Yes Against For
- ------------------------------------------------------------------------------------------------------------------------------
Millennium Pharmaceuticals, Inc. MLNM 599902BBH 05/07/04 Elect Directors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Millennium Pharmaceuticals, Inc. MLNM 599902BBH 05/07/04 Ratify appt of auditors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
AIM Select Real Estate Income Fund RRE 00888R107 05/10/04 Elect BOG Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
AIM Select Real Estate Income Fund RRE 00888R107 05/10/04 Ratify Accountants Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Icos Corporation ICOS 449295BBh 05/14/04 Elect Directors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Icos Corporation ICOS 449295BBh 05/14/04 Ratify appointment of auditors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Icos Corporation ICOS 449295BBh 05/14/04 Stockholder proposal Stockholder Yes Against For
- ------------------------------------------------------------------------------------------------------------------------------
Amgen, Inc. AMGN 031162BBH 05/13/04 Elect Directors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Amgen, Inc. AMGN 031162BBH 05/13/04 Ratify election of auditors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Fidelity Capital & Income Funds FAGIX 316062108 05/19/04 Elect BOT Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Fidelity Capital & Income Funds FAGIX 316062108 05/19/04 Amend Declaration of Trust Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Sepracor, Inc. SEPR 817315BBH 05/19/04 Elect BOD Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Sepracor, Inc. SEPR 817315BBH 05/19/04 Increase common stock Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Sepracor, Inc. SEPR 817315BBH 05/19/04 Approve indep auditors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Medimmune, Inc. MEDI 584699BBH 05/20/04 Elect Directors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Medimmune, Inc. MEDI 584699BBH 05/20/04 Approve stock incentive plan Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Medimmune, Inc. MEDI 584699BBH 05/20/04 Ratify election of auditors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Human Genome Sciences, Inc. HGSI 444903BBH 05/20/04 Elect Directors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Human Genome Sciences, Inc. HGSI 444903BBH 05/20/04 Ratify auditors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Human Genome Sciences, Inc. HGSI 444903BBH 05/20/04 Approve Stock Incentive
Plan No. 1 Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Human Genome Sciences, Inc. HGSI 444903BBH 05/20/04 Approve Stock Incentive
Plan No. 2 Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Human Genome Sciences, Inc. HGSI 444903BBH 05/20/04 Approve option exchange
program Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Gilead Sciences, Inc. GILD 375558BBH 05/25/04 Elect Directors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Gilead Sciences, Inc. GILD 375558BBH 05/25/04 Ratify auditors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Gilead Sciences, Inc. GILD 375558BBH 05/25/04 Approve Equity Incentive plan Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Gilead Sciences, Inc. GILD 375558BBH 05/25/04 Amend Cert of Incorporation
to increase shares of common
stock Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
QLT, Inc. QLTI 746927BBH 05/26/04 Number of Directors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
QLT, Inc. QLTI 746927BBH 05/26/04 Elect Directors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
QLT, Inc. QLTI 746927BBH 05/26/04 Appoint auditors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Enterprise Mergers & Acquisitions EMAAX 29372K625 05/27/04 Approve new Investment
Advisory Agreement Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Genzyme Corporation GENZ 372917BBH 05/27/04 Election of Directors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Genzyme Corporation GENZ 372917BBH 05/27/04 Amendments of Empl
Stock Plan Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Genzyme Corporation GENZ 372917BBH 05/27/04 Directors Stock Opt
Plan and Art of Org Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Genzyme Corporation GENZ 372917BBH 05/27/04 Approve Equity Incentive Plan Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Genzyme Corporation GENZ 372917BBH 05/27/04 Amendment and Restatement of
Articles of Organization Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Genzyme Corporation GENZ 372917BBH 05/27/04 Ratification of Independent
Auditors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Genzyme Corporation GENZ 372917BBH 05/27/04 Shareholder proposal Stockholder Yes Against For
- ------------------------------------------------------------------------------------------------------------------------------
Chiron Corporation CHIR 170040BBH 05/27/04 Elect Directors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Chiron Corporation CHIR 170040BBH 05/27/04 Approve stock option plan Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Chiron Corporation CHIR 170040BBH 05/27/04 Ratify election of independent
Auditors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Affymetrix, Inc. AFFX 00826TBBH 06/10/04 Elect Directors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Affymetrix, Inc. AFFX 00826TBBH 06/10/04 Approve Equity Incentive Plan Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Affymetrix, Inc. AFFX 00826TBBH 06/10/04 Approve election of independent
Auditors Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Fidelity Funds FLVCX 316389873 06/16/04 Elect BOT Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------
Fidelity Funds FLVCX 316389873 06/16/04 Amend Declaration of Trust Issuer Yes For For
- ------------------------------------------------------------------------------------------------------------------------------