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: 811-21317
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                              PMFM Investment Trust
                              ---------------------
               (Exact name of registrant as specified in charter)


          1551 Jennings Mill Road, Suite 2400-A, Bogart, Georgia 30622
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               (Address of principal executive offices)     (Zip code)


                                Julian G. Winters
116 South Franklin Street, Post Office Box 69, Rocky Mount, North Carolina 27802
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                     (Name and address of agent for service)


        Registrant's telephone number, including area code: 252-972-9922
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                         Date of fiscal year end: May 31
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             Date of reporting period: July 1, 2004 - June 30, 2005
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Item 1.  PROXY VOTING RECORD.

PMFM Tactical Preservation Portfolio Trust
- ------------------------------------------

There  were no  matters  relating  to a  portfolio  security  considered  at any
shareholder  meeting held during the period  covered by this report with respect
to which the registrant was entitled to vote.


PMFM Managed Portfolio Trust
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There  were no  matters  relating  to a  portfolio  security  considered  at any
shareholder  meeting held during the period  covered by this report with respect
to which the registrant was entitled to vote.


PMFM Core Advantage Portfolio Trust
- -----------------------------------

There  were no  matters  relating  to a  portfolio  security  considered  at any
shareholder  meeting held during the period  covered by this report with respect
to which the registrant was entitled to vote.


PMFM Tactical Opportunities Portfolio Trust
- -------------------------------------------

There  were no  matters  relating  to a  portfolio  security  considered  at any
shareholder  meeting held during the period  covered by this report with respect
to which the registrant was entitled to vote.



                                   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.


PMFM Investment Trust


By: (Signature and Title)    /s/ Timothy A. Chapman
                             ________________________________
                             Timothy A. Chapman
                             President and Principal Executive Officer

Date: August 24, 2005