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OMB APPROVAL
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OMB Number: 3235-0582
Expires: April 30, 2009
Estimated average burden
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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
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The Destination Funds
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(Exact name of registrant as specified in charter)
2001 North Main Street, Suite 270 Walnut Creek, California 94596
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(Address of principal executive offices) (Zip code)
Wade R. Bridge, Esq.
Ultimus Fund Solutions, LLC 225 Pictoria Drive, Suite 450 Cincinnati, Ohio 45246
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(Name and address of agent for service)
Registrant's telephone number, including area code: (925) 935-2900
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Date of fiscal year end: August 31, 2007
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Date of reporting period: July 1, 2006 - June 30, 2007
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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.
Disclose the following information for each matter relating to a portfolio
security considered at any shareholder meeting held during the period covered by
the report and 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
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[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) The Destination Funds
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By (Signature and Title)* /s/ Michael A. Yoshikami
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Michael A. Yoshikami, President
Date July 30, 2007
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* Print the name and title of each signing officer under his or her signature.
EXHIBIT A
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I = Issuer S = Securityholder
DESTINATION SELECT EQUITY FUND
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MEETING DATE RANGE: 01-JUL-2006 TO 30-JUN-2007
ALL ACCOUNTS
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CAPITAL ONE FINANCIAL CORPORATION
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SECURITY: 14040H105 MEETING TYPE: Special
TICKER: COF MEETING DATE: 22-Aug-2006
ISIN VOTE DEADLINE DATE: 21-Aug-2006
AGENDA 932567425 Management TOTAL BALLOT SHARES: 235
LAST VOTE DATE: 27-Jul-2006
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ITEM PROPOSAL PROPOSED BY FOR AGAINST ABSTAIN FOR OR AGAINST
ISSUER/SECURITY MANAGEMENT
HOLDER
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1 TO APPROVE AND ADOPT THE AGREEMENT AND PLAN Issuer 235 0 0 For
OF MERGER, DATED AS OF MARCH 12, 2006,
BETWEEN CAPITAL ONE FINANCIAL CORPORATION
AND NORTH FORK BANCORPORATION, INC., AS IT
MAY BE AMENDED FROM TIME TO TIME, PURSUANT
TO WHICH NORTH FORK WILL MERGE WITH AND INTO
CAPITAL ONE.
2 TO APPROVE ADJOURNMENT OR POSTPONEMENT OF Issuer 235 0 0 For
THE SPECIAL MEETING, IF NECESSARY, TO
SOLICIT ADDITIONAL PROXIES.
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AUTOMATIC DATA PROCESSING, INC.
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SECURITY: 053015103 MEETING TYPE: Annual
TICKER: ADP MEETING DATE: 14-Nov-2006
ISIN VOTE DEADLINE DATE: 13-Nov-2006
AGENDA 932587732 Management TOTAL BALLOT SHARES: 535
LAST VOTE DATE: 31-Oct-2006
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ITEM PROPOSAL PROPOSED BY FOR AGAINST ABSTAIN FOR OR AGAINST
ISSUER/SECURITY MANAGEMENT
HOLDER
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1 DIRECTOR Issuer
1 GREGORY D. BRENNEMAN 535 0 0 For
2 LESLIE A. BRUN 0 0 535 Against
3 GARY C. BUTLER 535 0 0 For
4 LEON G. COOPERMAN 535 0 0 For
5 R. GLENN HUBBARD 535 0 0 For
6 JOHN P. JONES 535 0 0 For
7 ANN DIBBLE JORDAN 535 0 0 For
8 FREDERIC V. MALEK 535 0 0 For
9 HENRY TAUB 535 0 0 For
10 ARTHUR F. WEINBACH 535 0 0 For
2 APPROVAL OF THE COMPANY'S AMENDED AND Issuer 535 0 0 For
RESTATED EXECUTIVE INCENTIVE COMPENSATION
PLAN
3 APPOINTMENT OF DELOITTE & TOUCHE LLP Issuer 535 0 0 For
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MICROSOFT CORPORATION
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SECURITY: 594918104 MEETING TYPE: Annual
TICKER: MSFT MEETING DATE: 14-Nov-2006
ISIN VOTE DEADLINE DATE: 13-Nov-2006
AGENDA 932591173 Management TOTAL BALLOT SHARES: 915
LAST VOTE DATE: 31-Oct-2006
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ITEM PROPOSAL PROPOSED BY FOR AGAINST ABSTAIN FOR OR AGAINST
ISSUER/SECURITY MANAGEMENT
HOLDER
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1 ELECTION OF DIRECTOR: WILLIAM H. GATES III Issuer 915 0 0 For
2 ELECTION OF DIRECTOR: STEVEN A. BALLMER Issuer 915 0 0 For
3 ELECTION OF DIRECTOR: JAMES I. CASH JR. Issuer 915 0 0 For
4 ELECTION OF DIRECTOR: DINA DUBLON Issuer 915 0 0 For
5 ELECTION OF DIRECTOR: RAYMOND V. GILMARTIN Issuer 915 0 0 For
6 ELECTION OF DIRECTOR: DAVID F. MARQUARDT Issuer 915 0 0 For
7 ELECTION OF DIRECTOR: CHARLES H. NOSKI Issuer 915 0 0 For
8 ELECTION OF DIRECTOR: HELMUT PANKE Issuer 915 0 0 For
9 ELECTION OF DIRECTOR: JON A. SHIRLEY Issuer 915 0 0 For
10 RATIFICATION OF THE SELECTION OF DELOITTE & Issuer 915 0 0 For
TOUCHE LLP AS THE COMPANY'S INDEPENDENT
AUDITOR
11 SHAREHOLDER PROPOSAL - RESTRICTION ON Securityholder 0 915 0 For
SELLING PRODUCTS AND SERVICES TO FOREIGN
GOVERNMENTS
12 SHAREHOLDER PROPOSAL - SEXUAL ORIENTATION IN Securityholder 0 915 0 For
EQUAL EMPLOYMENT OPPORTUNITY POLICY
13 SHAREHOLDER PROPOSAL - HIRING OF PROXY Securityholder 0 915 0 For
ADVISOR
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COSTCO WHOLESALE CORPORATION
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SECURITY: 22160K105 MEETING TYPE: Annual
TICKER: COST MEETING DATE: 31-Jan-2007
ISIN VOTE DEADLINE DATE: 30-Jan-2007
AGENDA 932616660 Management TOTAL BALLOT SHARES: 420
LAST VOTE DATE: 17-Jan-2007
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ITEM PROPOSAL PROPOSED BY FOR AGAINST ABSTAIN FOR OR AGAINST
ISSUER/SECURITY MANAGEMENT
HOLDER
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1 DIRECTOR Issuer
1 BENJAMIN S. CARSON 420 0 0 For
2 WILLIAM H. GATES 0 0 420 Against
3 HAMILTON E. JAMES 0 0 420 Against
4 JILL S. RUCKELSHAUS 0 0 420 Against
2 RATIFICATION OF SELECTION OF INDEPENDENT Issuer 420 0 0 For
AUDITORS
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THE WALT DISNEY COMPANY
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SECURITY: 254687106 MEETING TYPE: Annual
TICKER: DIS MEETING DATE: 08-Mar-2007
ISIN VOTE DEADLINE DATE: 07-Mar-2007
AGENDA 932624910 Management TOTAL BALLOT SHARES: 364
LAST VOTE DATE: 28-Feb-2007
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ITEM PROPOSAL PROPOSED BY FOR AGAINST ABSTAIN FOR OR AGAINST
ISSUER/SECURITY MANAGEMENT
HOLDER
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1 DIRECTOR Issuer
1 JOHN E. BRYSON 364 0 0 For
2 JOHN S. CHEN 364 0 0 For
3 JUDITH L. ESTRIN 364 0 0 For
4 ROBERT A. IGER 364 0 0 For
5 STEVEN P. JOBS 364 0 0 For
6 FRED H. LANGHAMMER 364 0 0 For
7 AYLWIN B. LEWIS 364 0 0 For
8 MONICA C. LOZANO 364 0 0 For
9 ROBERT W. MATSCHULLAT 364 0 0 For
10 JOHN E. PEPPER, JR. 364 0 0 For
11 ORIN C. SMITH 364 0 0 For
2 TO RATIFY THE APPOINTMENT OF Issuer 364 0 0 For
PRICEWATERHOUSECOOPERS LLP AS THE COMPANY'S
REGISTERED PUBLIC ACCOUNTANTS FOR 2007.
3 TO APPROVE THE AMENDMENTS TO THE AMENDED AND Issuer 364 0 0 For
RESTATED 2005 STOCK INCENTIVE PLAN.
4 TO APPROVE THE TERMS OF THE AMENDED AND Issuer 364 0 0 For
RESTATED 2002 EXECUTIVE PERFORMANCE PLAN.
5 TO APPROVE THE SHAREHOLDER PROPOSAL RELATING Securityholder 364 0 0 For
TO GREENMAIL.
6 TO APPROVE THE SHAREHOLDER PROPOSAL TO AMEND Securityholder 364 0 0 For
THE BYLAWS RELATING TO STOCKHOLDER RIGHTS
PLANS.