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OMB Number: 3235-0582
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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 811-21701
__________________________________________
Destination Funds
_____________________________________________________________________________
Exact name of registrant as specified in charter)
Three Ygnacio Center
2001 North Main Street, Suite 270
Walnut Creek, California 94596
(Address of Principal Executive Offices)
_____________________________________________________________________________
(Address of principal executive offices)
Wade R. Bridge
Ultimus Fund Solutions, LLC
225 Pictoria Drive, Suite 450
Cincinnati, Ohio 45246
_____________________________________________________________________________
(Name and address of agent for service)
Registrant's Telephone Number, including Area Code: (925) 935-2900
_______________
Date of fiscal year end: June 30
____________________
Date of reporting period: July 1, 2004 - June 30, 2005
______________________________
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 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) Destination Funds
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By (Signature and Title)* /s/ Michael A. Yoshikami
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Michael A. Yoshikami, President
Date August 29, 2005
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* Print the name and title of each signing officer under his or her signature.
EXHIBIT A
DESTINATION FUNDS
DESTINATION SELECT EQUITY FUND
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PROXY VOTING RECORD
July 1, 2004 - June 30, 2005
(A) (B) (C) (D) (E) (F) (G) (H) (I)
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FOR/
MEETING ISSUER VOTE AGAINST
ISSUER TICKER CUSIP DATE DESCRIPTION OF VOTE or SH VOTED? CAST MGMT
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The DESTINATION SELECT EQUITY FUND is a new fund and did not go effective until June 1, 2005.
During the period June 1, 2005 through June 30, 2005, the Fund did not receive or vote any proxies.