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 811-22212
                                   ------------

                  Calvert SAGE Fund - Maryland Business Trust
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               (Exact name of registrant as specified in charter)

            4550 Montgomery Ave., Suite 1000N, Bethesda, MD 20814
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        (Address of principal executive offices)   (Zip code)

     Ivy Wafford Duke, 4550 Montgomery Ave.,Suite 1000N, Bethesda, MD 20814
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                     (Name and address of agent for service)

Registrant's telephone number, including area code:  301-951-4800
                                                    --------------------------

Date of fiscal year end:  September 30
                        ----------------------

Date of reporting period: June 30, 2011
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******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-22212
Reporting Period: 07/01/2010 - 06/30/2011
Calvert Sage Fund









========================= CALVERT LARGE CAP VALUE FUND =========================


3M COMPANY

Ticker:       MMM            Security ID:  88579Y101
Meeting Date: MAY 10, 2011   Meeting Type: Annual
Record Date:  MAR 11, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Linda G. Alvarado        For       For          Management
2     Elect Director George W. Buckley        For       For          Management
3     Elect Director Vance D. Coffman         For       For          Management
4     Elect Director Michael L. Eskew         For       For          Management
5     Elect Director W. James Farrell         For       For          Management
6     Elect Director Herbert L. Henkel        For       For          Management
7     Elect Director Edward M. Liddy          For       For          Management
8     Elect Director Robert S. Morrison       For       For          Management
9     Elect Director Aulana L. Peters         For       For          Management
10    Elect Director Robert J. Ulrich         For       For          Management
11    Ratify Auditors                         For       For          Management
12    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
13    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
14    Report on Political Contributions       Against   For          Shareholder


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AT&T INC.

Ticker:       T              Security ID:  00206R102
Meeting Date: APR 29, 2011   Meeting Type: Annual
Record Date:  MAR 01, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Randall L. Stephenson    For       For          Management
2     Elect Director Gilbert F. Amelio        For       For          Management
3     Elect Director Reuben V. Anderson       For       For          Management
4     Elect Director James H. Blanchard       For       For          Management
5     Elect Director Jaime Chico Pardo        For       For          Management
6     Elect Director James P. Kelly           For       For          Management
7     Elect Director Jon C. Madonna           For       For          Management
8     Elect Director Lynn M. Martin           For       For          Management
9     Elect Director John B. McCoy            For       For          Management
10    Elect Director Joyce M. Roche           For       For          Management
11    Elect Director Matthew K. Rose          For       For          Management
12    Elect Director Laura D Andrea Tyson     For       For          Management
13    Ratify Auditors                         For       For          Management
14    Approve Omnibus Stock Plan              For       For          Management
15    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
16    Advisory Vote on Say on Pay Frequency   Three     One Year     Management
                                              Years
17    Report on Political Contributions       Against   For          Shareholder
18    Amend Articles/Bylaws/Charter -- Call   Against   For          Shareholder
      Special Meetings
19    Provide Right to Act by Written Consent Against   For          Shareholder


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BANK OF AMERICA CORPORATION

Ticker:       BAC            Security ID:  060505104
Meeting Date: MAY 11, 2011   Meeting Type: Annual
Record Date:  MAR 16, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Mukesh D. Ambani         For       For          Management
2     Elect Director Susan S. Bies            For       For          Management
3     Elect Director Frank P. Bramble, Sr.    For       For          Management
4     Elect Director Virgis W. Colbert        For       Against      Management
5     Elect Director Charles K. Gifford       For       For          Management
6     Elect Director Charles O. Holliday, Jr. For       For          Management
7     Elect Director D. Paul Jones, Jr.       For       For          Management
8     Elect Director Monica C. Lozano         For       For          Management
9     Elect Director Thomas J. May            For       For          Management
10    Elect Director Brian T. Moynihan        For       For          Management
11    Elect Director Donald E. Powell         For       For          Management
12    Elect Director Charles O. Rossotti      For       For          Management
13    Elect Director Robert W. Scully         For       For          Management
14    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
15    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
16    Ratify Auditors                         For       For          Management
17    Disclose Prior Government Service       Against   For          Shareholder
18    Provide Right to Act by Written Consent Against   For          Shareholder
19    Require Audit Committee Review and      Against   For          Shareholder
      Report on Controls Related to Loans,
      Foreclosure and Securitizations
20    Report on Lobbying Expenses             Against   For          Shareholder
21    Report on Collateral in Derivatives     Against   For          Shareholder
      Trading
22    Restore or Provide for Cumulative       Against   For          Shareholder
      Voting
23    Claw-back of Payments under             Against   For          Shareholder
      Restatements
24    Prohibit Certain Relocation Benefits to Against   For          Shareholder
      Senior Executives


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BERKSHIRE HATHAWAY INC.

Ticker:       BRK.B          Security ID:  084670702
Meeting Date: APR 30, 2011   Meeting Type: Annual
Record Date:  MAR 02, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Warren E. Buffett        For       Withhold     Management
1.2   Elect Director Charles T. Munger        For       Withhold     Management
1.3   Elect Director Howard G. Buffett        For       Withhold     Management
1.4   Elect Director Stephen B. Burke         For       Withhold     Management
1.5   Elect Director Susan L. Decker          For       Withhold     Management
1.6   Elect Director William H. Gates III     For       Withhold     Management
1.7   Elect Director David S. Gottesman       For       Withhold     Management
1.8   Elect Director Charlotte Guyman         For       Withhold     Management
1.9   Elect Director Donald R. Keough         For       Withhold     Management
1.10  Elect Director Thomas S. Murphy         For       Withhold     Management
1.11  Elect Director Ronald L. Olson          For       Withhold     Management
1.12  Elect Director Walter Scott, Jr.        For       Withhold     Management
2     Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
3     Advisory Vote on Say on Pay Frequency   Three     One Year     Management
                                              Years
4     Adopt Quantitative GHG Goals for        Against   For          Shareholder
      Products and Operations


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CISCO SYSTEMS, INC.

Ticker:       CSCO           Security ID:  17275R102
Meeting Date: NOV 18, 2010   Meeting Type: Annual
Record Date:  SEP 20, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Carol A. Bartz           For       For          Management
2     Elect Director M. Michele Burns         For       For          Management
3     Elect Director Michael D. Capellas      For       For          Management
4     Elect Director Larry R. Carter          For       For          Management
5     Elect Director John T. Chambers         For       For          Management
6     Elect Director Brian L. Halla           For       For          Management
7     Elect Director John L. Hennessy         For       For          Management
8     Elect Director Richard M. Kovacevich    For       For          Management
9     Elect Director Roderick C. Mcgeary      For       For          Management
10    Elect Director Michael K. Powell        For       For          Management
11    Elect Director Arun Sarin               For       For          Management
12    Elect Director Steven M. West           For       For          Management
13    Elect Director Jerry Yang               For       For          Management
14    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
15    Ratify Auditors                         For       For          Management
16    Amend Bylaws to Establish a Board       Against   For          Shareholder
      Committee on Environmental
      Sustainability
17    Report on Internet Fragmentation        Against   For          Shareholder
18    Adopt Policy Prohibiting Sale of        Against   For          Shareholder
      Products in China if they Contribute to
      Human Rights Abuses


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CME GROUP INC.

Ticker:       CME            Security ID:  12572Q105
Meeting Date: JUN 08, 2011   Meeting Type: Annual
Record Date:  APR 11, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Craig S. Donohue         For       For          Management
1.2   Elect Director Timothy S. Bitsberger    For       For          Management
1.3   Elect Director Jackie M. Clegg          For       For          Management
1.4   Elect Director James A. Donaldson       For       For          Management
1.5   Elect Director J. Dennis Hastert        For       For          Management
1.6   Elect Director William P. Miller II     For       For          Management
1.7   Elect Director Terry L. Savage          For       For          Management
1.8   Elect Director Christopher Stewart      For       For          Management
2     Ratify Auditors                         For       For          Management
3     Advisory Vote to Ratify Named Executive For       Against      Management
      Officers' Compensation
4     Advisory Vote on Say on Pay Frequency   One Year  One Year     Management


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COMCAST CORPORATION

Ticker:       CMCSA          Security ID:  20030N101
Meeting Date: MAY 11, 2011   Meeting Type: Annual
Record Date:  MAR 08, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director S. Decker Anstrom        For       For          Management
1.2   Elect Director Kenneth J. Bacon         For       For          Management
1.3   Elect Director Sheldon M. Bonovitz      For       For          Management
1.4   Elect Director Edward D. Breen          For       For          Management
1.5   Elect Director Joseph J. Collins        For       For          Management
1.6   Elect Director J. Michael Cook          For       For          Management
1.7   Elect Director Gerald L. Hassell        For       For          Management
1.8   Elect Director Jeffrey A. Honickman     For       For          Management
1.9   Elect Director Eduardo G. Mestre        For       For          Management
1.10  Elect Director Brian L. Roberts         For       For          Management
1.11  Elect Director Ralph J. Roberts         For       For          Management
1.12  Elect Director Judith Rodin             For       For          Management
2     Ratify Auditors                         For       For          Management
3     Approve Nonqualified Employee Stock     For       For          Management
      Purchase Plan
4     Amend Restricted Stock Plan             For       For          Management
5     Amend Stock Option Plan                 For       For          Management
6     Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
7     Advisory Vote on Say on Pay Frequency   Three     One Year     Management
                                              Years
8     Provide for Cumulative Voting           Against   For          Shareholder
9     Require Independent Board Chairman      Against   For          Shareholder


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CONOCOPHILLIPS

Ticker:       COP            Security ID:  20825C104
Meeting Date: MAY 11, 2011   Meeting Type: Annual
Record Date:  MAR 14, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Richard L. Armitage      For       For          Management
2     Elect Director Richard H. Auchinleck    For       For          Management
3     Elect Director James E. Copeland, Jr.   For       For          Management
4     Elect Director Kenneth M. Duberstein    For       For          Management
5     Elect Director Ruth R. Harkin           For       For          Management
6     Elect Director Harold W. McGraw III     For       For          Management
7     Elect Director James J. Mulva           For       For          Management
8     Elect Director Robert A. Niblock        For       For          Management
9     Elect Director Harald J. Norvik         For       For          Management
10    Elect Director William K. Reilly        For       For          Management
11    Elect Director Victoria J. Tschinkel    For       For          Management
12    Elect Director Kathryn C. Turner        For       For          Management
13    Elect Director William E. Wade, Jr.     For       For          Management
14    Ratify Auditors                         For       For          Management
15    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
16    Advisory Vote on Say on Pay Frequency   None      One Year     Management
17    Approve Omnibus Stock Plan              For       For          Management
18    Amend EEO Policy to Prohibit            Against   For          Shareholder
      Discrimination based on Gender Identity
19    Report on Political Contributions       Against   For          Shareholder
20    Report on Lobbying Expenses             Against   For          Shareholder
21    Report on Accident Risk Reduction       Against   For          Shareholder
      Efforts
22    Adopt Policy to Address Coastal         Against   For          Shareholder
      Louisiana Environmental Impacts
23    Adopt Quantitative GHG Goals for        Against   For          Shareholder
      Products and Operations
24    Report on Financial Risks of Climate    Against   For          Shareholder
      Change
25    Report on Environmental Impact of Oil   Against   For          Shareholder
      Sands Operations in Canada


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COVIDIEN PUBLIC LIMITED COMPANY

Ticker:       COV            Security ID:  G2554F105
Meeting Date: MAR 15, 2011   Meeting Type: Annual
Record Date:  JAN 12, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Craig Arnold             For       For          Management
2     Elect Director Robert H. Brust          For       For          Management
3     Elect Director John M. Connors, Jr.     For       For          Management
4     Elect Director Christopher J. Coughlin  For       For          Management
5     Elect Director Timothy M. Donahue       For       For          Management
6     Elect Director Kathy J. Herbert         For       For          Management
7     Elect Director Randall J. Hogan III     For       For          Management
8     Elect Director Richard J. Meelia        For       For          Management
9     Elect Director Dennis H. Reilley        For       For          Management
10    Elect Director Tadataka Yamada          For       For          Management
11    Elect Director Joseph A. Zaccagnino     For       For          Management
12    Approve Deloitte & Touche LLP as        For       For          Management
      Auditors and Authorize Board to Fix
      Their Remuneration
13    Approve Reverse Stock Split Immediately For       For          Management
      Followed by a Forward Stock Split
14    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
15    Advisory Vote on Say on Pay Frequency   Three     One Year     Management
                                              Years


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CVS CAREMARK CORPORATION

Ticker:       CVS            Security ID:  126650100
Meeting Date: MAY 11, 2011   Meeting Type: Annual
Record Date:  MAR 15, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Edwin M. Banks           For       For          Management
2     Elect Director C. David Brown II        For       For          Management
3     Elect Director David W. Dorman          For       For          Management
4     Elect Director Anne M. Finucane         For       For          Management
5     Elect Director Kristen Gibney Williams  For       For          Management
6     Elect Director Marian L. Heard          For       For          Management
7     Elect Director Larry J. Merlo           For       For          Management
8     Elect Director Jean-Pierre Millon       For       For          Management
9     Elect Director Terrence Murray          For       For          Management
10    Elect Director C.A. Lance Piccolo       For       For          Management
11    Elect Director Richard J. Swift         For       Against      Management
12    Elect Director Tony L. White            For       For          Management
13    Ratify Auditors                         For       For          Management
14    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
15    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
16    Report on Political Contributions       Against   For          Shareholder
17    Provide Right to Act by Written Consent Against   For          Shareholder


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DEVON ENERGY CORPORATION

Ticker:       DVN            Security ID:  25179M103
Meeting Date: JUN 08, 2011   Meeting Type: Annual
Record Date:  APR 11, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Robert H. Henry          For       Withhold     Management
1.2   Elect Director John A. Hill             For       Withhold     Management
1.3   Elect Director Michael M. Kanovsky      For       Withhold     Management
1.4   Elect Director Robert A. Mosbacher, Jr  For       Withhold     Management
1.5   Elect Director J. Larry Nichols         For       Withhold     Management
1.6   Elect Director Duane C. Radtke          For       Withhold     Management
1.7   Elect Director Mary P. Ricciardello     For       Withhold     Management
1.8   Elect Director John Richels             For       Withhold     Management
2     Advisory Vote to Ratify Named Executive For       Against      Management
      Officers' Compensation
3     Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
4     Reduce Supermajority Vote Requirement   For       For          Management
5     Amend Certificate of Incorporation      For       For          Management
6     Ratify Auditors                         For       For          Management
7     Provide Right to Act by Written Consent Against   For          Shareholder


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DIAMOND OFFSHORE DRILLING, INC.

Ticker:       DO             Security ID:  25271C102
Meeting Date: MAY 23, 2011   Meeting Type: Annual
Record Date:  MAR 28, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director James S. Tisch           For       Against      Management
2     Elect Director Lawrence R. Dickerson    For       Against      Management
3     Elect Director John R. Bolton           For       Against      Management
4     Elect Director Charles L. Fabrikant     For       Against      Management
5     Elect Director Paul G. Gaffney II       For       Against      Management
6     Elect Director Edward Grebow            For       Against      Management
7     Elect Director Herbert C. Hofmann       For       Against      Management
8     Elect Director Andrew H. Tisch          For       Against      Management
9     Elect Director Raymond S. Troubh        For       Against      Management
10    Ratify Auditors                         For       For          Management
11    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
12    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management


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DISCOVER FINANCIAL SERVICES

Ticker:       DFS            Security ID:  254709108
Meeting Date: APR 07, 2011   Meeting Type: Annual
Record Date:  FEB 07, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Jeffrey S. Aronin        For       For          Management
2     Elect Director Mary K. Bush             For       For          Management
3     Elect Director Gregory C. Case          For       For          Management
4     Elect Director Robert M. Devlin         For       For          Management
5     Elect Director Cynthia A. Glassman      For       For          Management
6     Elect Director Richard H. Lenny         For       For          Management
7     Elect Director Thomas G. Maheras        For       For          Management
8     Elect Director Michael H. Moskow        For       For          Management
9     Elect Director David W. Nelms           For       For          Management
10    Elect Director E. Follin Smith          For       For          Management
11    Elect Director Lawrence A.Weinbach      For       For          Management
12    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
13    Advisory Vote on Say on Pay Frequency   Three     One Year     Management
                                              Years
14    Amend Non-Employee Director Omnibus     For       For          Management
      Stock Plan
15    Ratify Auditors                         For       For          Management


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DUKE ENERGY CORPORATION

Ticker:       DUK            Security ID:  26441C105
Meeting Date: MAY 05, 2011   Meeting Type: Annual
Record Date:  MAR 10, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director William Barnet, III      For       Withhold     Management
1.2   Elect Director G. Alex Bernhardt, Sr.   For       Withhold     Management
1.3   Elect Director Michael G. Browning      For       Withhold     Management
1.4   Elect Director Daniel R. DiMicco        For       Withhold     Management
1.5   Elect Director John H. Forsgren         For       Withhold     Management
1.6   Elect Director Ann Maynard Gray         For       Withhold     Management
1.7   Elect Director James H. Hance, Jr.      For       Withhold     Management
1.8   Elect Director E. James Reinsch         For       Withhold     Management
1.9   Elect Director James T. Rhodes          For       Withhold     Management
1.10  Elect Director James E. Rogers          For       Withhold     Management
1.11  Elect Director Philip R. Sharp          For       Withhold     Management
2     Ratify Auditors                         For       For          Management
3     Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
4     Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
5     Report on Global Warming Lobbying       Against   Against      Shareholder
      Activities
6     Report on Financial Risks of Coal       Against   For          Shareholder
      Reliance
7     Require a Majority Vote for the         Against   For          Shareholder
      Election of Directors


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EMERSON ELECTRIC CO.

Ticker:       EMR            Security ID:  291011104
Meeting Date: FEB 01, 2011   Meeting Type: Annual
Record Date:  NOV 23, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director D.N. Farr                For       For          Management
1.2   Elect Director H. Green                 For       For          Management
1.3   Elect Director C.A. Peters              For       For          Management
1.4   Elect Director J.W. Prueher             For       For          Management
1.5   Elect Director R.L. Ridgway             For       For          Management
2     Amend Omnibus Stock Plan                For       Against      Management
3     Approve Stock Option Plan               For       For          Management
4     Ratify Auditors                         For       For          Management
5     Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
6     Advisory Vote on Say on Pay Frequency   Three     One Year     Management
                                              Years
7     Report on Sustainability                Against   For          Shareholder


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EXELON CORPORATION

Ticker:       EXC            Security ID:  30161N101
Meeting Date: MAY 03, 2011   Meeting Type: Annual
Record Date:  MAR 04, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director John A. Canning, Jr.     For       For          Management
2     Elect Director M. Walter D Alessio      For       For          Management
3     Elect Director Nicholas Debenedictis    For       Against      Management
4     Elect Director Nelson A. Diaz           For       For          Management
5     Elect Director Sue L. Gin               For       For          Management
6     Elect Director Rosemarie B. Greco       For       For          Management
7     Elect Director Paul L. Joskow           For       For          Management
8     Elect Director Richard W. Mies          For       For          Management
9     Elect Director John M. Palms            For       For          Management
10    Elect Director William C. Richardson    For       For          Management
11    Elect Director Thomas J. Ridge          For       For          Management
12    Elect Director John W. Rogers, Jr.      For       For          Management
13    Elect Director John W. Rowe             For       For          Management
14    Elect Director Stephen D. Steinour      For       Against      Management
15    Elect Director Don Thompson             For       For          Management
16    Ratify Auditors                         For       For          Management
17    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
18    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management


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EXXON MOBIL CORPORATION

Ticker:       XOM            Security ID:  30231G102
Meeting Date: MAY 25, 2011   Meeting Type: Annual
Record Date:  APR 06, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director M.J. Boskin              For       For          Management
1.2   Elect Director P. Brabeck-Letmathe      For       For          Management
1.3   Elect Director L.R. Faulkner            For       For          Management
1.4   Elect Director J.S. Fishman             For       For          Management
1.5   Elect Director K.C. Frazier             For       For          Management
1.6   Elect Director W.W. George              For       For          Management
1.7   Elect Director M.C. Nelson              For       For          Management
1.8   Elect Director S.J. Palmisano           For       For          Management
1.9   Elect Director S.S. Reinemund           For       For          Management
1.10  Elect Director R.W. Tillerson           For       For          Management
1.11  Elect Director E.E. Whitacre, Jr.       For       For          Management
2     Ratify Auditors                         For       For          Management
3     Advisory Vote to Ratify Named Executive For       Against      Management
      Officers' Compensation
4     Advisory Vote on Say on Pay Frequency   Three     One Year     Management
                                              Years
5     Require Independent Board Chairman      Against   For          Shareholder
6     Report on Political Contributions       Against   For          Shareholder
7     Amend EEO Policy to Prohibit            Against   For          Shareholder
      Discrimination based on Sexual
      Orientation and Gender Identity
8     Adopt Policy on Human Right to Water    Against   For          Shareholder
9     Report on Environmental Impact of Oil   Against   For          Shareholder
      Sands Operations in Canada
10    Report on Environmental Impacts of      Against   For          Shareholder
      Natural Gas Fracturing
11    Report on Energy Technologies           Against   For          Shareholder
      Development
12    Adopt Quantitative GHG Goals for        Against   For          Shareholder
      Products and Operations


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FRONTIER COMMUNICATIONS CORPORATION

Ticker:       FTR            Security ID:  35906A108
Meeting Date: MAY 12, 2011   Meeting Type: Annual
Record Date:  MAR 16, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Leroy T. Barnes, Jr.     For       For          Management
1.2   Elect Director Peter C.B. Bynoe         For       For          Management
1.3   Elect Director Jeri B. Finard           For       For          Management
1.4   Elect Director Edward Fraioli           For       For          Management
1.5   Elect Director James S. Kahan           For       For          Management
1.6   Elect Director Pamela D.A. Reeve        For       For          Management
1.7   Elect Director Howard L. Schrott        For       For          Management
1.8   Elect Director Larraine D. Segil        For       For          Management
1.9   Elect Director Mark Shapiro             For       For          Management
1.10  Elect Director Myron A. Wick, III       For       For          Management
1.11  Elect Director Mary Agnes Wilderotter   For       For          Management
2     Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
3     Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
4     Require Independent Board Chairman      Against   For          Shareholder
5     Ratify Auditors                         For       For          Management


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GANNETT CO., INC.

Ticker:       GCI            Security ID:  364730101
Meeting Date: MAY 03, 2011   Meeting Type: Annual
Record Date:  MAR 04, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director John E. Cody             For       For          Management
1.2   Elect Director Craig A. Dubow           For       For          Management
1.3   Elect Director Howard D. Elias          For       For          Management
1.4   Elect Director Arthur H. Harper         For       For          Management
1.5   Elect Director John Jeffry Louis        For       For          Management
1.6   Elect Director Marjorie Magner          For       For          Management
1.7   Elect Director Scott K. McCune          For       For          Management
1.8   Elect Director Duncan M. McFarland      For       For          Management
1.9   Elect Director Neal Shapiro             For       For          Management
2     Ratify Auditors                         For       For          Management
3     Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
4     Advisory Vote on Say on Pay Frequency   One Year  One Year     Management


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GENERAL ELECTRIC COMPANY

Ticker:       GE             Security ID:  369604103
Meeting Date: APR 27, 2011   Meeting Type: Annual
Record Date:  FEB 28, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director W. Geoffrey Beattie      For       For          Management
2     Elect Director James I. Cash, Jr.       For       For          Management
3     Elect Director Ann M. Fudge             For       For          Management
4     Elect Director Susan Hockfield          For       For          Management
5     Elect Director Jeffrey R. Immelt        For       For          Management
6     Elect Director Andrea Jung              For       Against      Management
7     Elect Director Alan G. Lafley           For       For          Management
8     Elect Director Robert W. Lane           For       For          Management
9     Elect Director Ralph S. Larsen          For       For          Management
10    Elect Director Rochelle B. Lazarus      For       For          Management
11    Elect Director James J. Mulva           For       For          Management
12    Elect Director Sam Nunn                 For       For          Management
13    Elect Director Roger S. Penske          For       Against      Management
14    Elect Director Robert J. Swieringa      For       For          Management
15    Elect Director James S. Tisch           For       For          Management
16    Elect Director Douglas A. Warner III    For       For          Management
17    Ratify Auditors                         For       For          Management
18    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
19    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
20    Provide for Cumulative Voting           Against   For          Shareholder
21    Performance-Based Equity Awards         Against   For          Shareholder
22    Withdraw Stock Options Granted to       Against   Against      Shareholder
      Executive Officers
23    Report on Climate Change Business Risk  Against   Against      Shareholder
24    Report on Animal Testing and Plans for  Against   For          Shareholder
      Reduction


--------------------------------------------------------------------------------

GLAXOSMITHKLINE PLC

Ticker:       GSK            Security ID:  37733W105
Meeting Date: MAY 05, 2011   Meeting Type: Annual
Record Date:  MAR 08, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       For          Management
      Statutory Reports
2     Approve Remuneration Report             For       For          Management
3     Elect Simon Dingemans as Director       For       For          Management
4     Elect Stacey Cartwright as Director     For       For          Management
5     Elect Judy Lewent as Director           For       For          Management
6     Re-elect Sir Christopher Gent as        For       Against      Management
      Director
7     Re-elect Andrew Witty as Director       For       For          Management
8     Re-elect Sir Roy Anderson as Director   For       For          Management
9     Re-elect Dr Stephanie Burns as Director For       For          Management
10    Re-elect Larry Culp as Director         For       For          Management
11    Re-elect Sir Crispin Davis as Director  For       For          Management
12    Re-elect Sir Deryck Maughan as Director For       For          Management
13    Re-elect James Murdoch as Director      For       For          Management
14    Re-elect Dr Daniel Podolsky as Director For       For          Management
15    Re-elect Dr Moncef Slaoui as Director   For       For          Management
16    Re-elect Tom de Swaan as Director       For       For          Management
17    Re-elect Sir Robert Wilson as Director  For       For          Management
18    Reappoint PricewaterhouseCoopers LLP as For       Against      Management
      Auditors
19    Authorise Audit Committee to Fix        For       Against      Management
      Remuneration of Auditors
20    Authorise EU Political Donations and    For       For          Management
      Expenditure
21    Authorise Issue of Equity with          For       For          Management
      Pre-emptive Rights
22    Authorise Issue of Equity without       For       For          Management
      Pre-emptive Rights
23    Authorise Market Purchase               For       For          Management
24    Approve the Exemption from Statement of For       For          Management
      the Name of the Senior Statutory
      Auditor in Published Copies of the
      Auditors' Reports
25    Authorise the Company to Call EGM with  For       For          Management
      Two Weeks' Notice


--------------------------------------------------------------------------------

GOOGLE INC.

Ticker:       GOOG           Security ID:  38259P508
Meeting Date: JUN 02, 2011   Meeting Type: Annual
Record Date:  APR 04, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Larry Page               For       For          Management
1.2   Elect Director Sergey Brin              For       For          Management
1.3   Elect Director Eric E. Schmidt          For       For          Management
1.4   Elect Director L. John Doerr            For       For          Management
1.5   Elect Director John L. Hennessy         For       For          Management
1.6   Elect Director Ann Mather               For       For          Management
1.7   Elect Director Paul S. Otellini         For       For          Management
1.8   Elect Director K. Ram Shriram           For       For          Management
1.9   Elect Director Shirley M. Tilghman      For       For          Management
2     Ratify Auditors                         For       For          Management
3     Amend Omnibus Stock Plan                For       Against      Management
4     Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
5     Advisory Vote on Say on Pay Frequency   Three     One Year     Management
                                              Years
6     Amend Bylaws to Establish a Board       Against   For          Shareholder
      Committee on Environmental
      Sustainability
7     Reduce Supermajority Vote Requirement   Against   Against      Shareholder
8     Report on Code of Conduct Compliance    Against   Against      Shareholder


--------------------------------------------------------------------------------

HEWLETT-PACKARD COMPANY

Ticker:       HPQ            Security ID:  428236103
Meeting Date: MAR 23, 2011   Meeting Type: Annual
Record Date:  JAN 24, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director M. L. Andreessen         For       For          Management
2     Elect Director L. Apotheker             For       For          Management
3     Elect Director L.T. Babbio, Jr.         For       Against      Management
4     Elect Director S.M. Baldauf             For       Against      Management
5     Elect Director S. Banerji               For       For          Management
6     Elect Director R.L. Gupta               For       For          Management
7     Elect Director J.H. Hammergren          For       For          Management
8     Elect Director R.J. Lane                For       For          Management
9     Elect Director  G.M. Reiner             For       For          Management
10    Elect Director P.F. Russo               For       For          Management
11    Elect Director D. Senequier             For       For          Management
12    Elect Director G.K. Thompson            For       Against      Management
13    Elect Director M.C. Whitman             For       For          Management
14    Ratify Auditors                         For       For          Management
15    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
16    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
17    Approve Qualified Employee Stock        For       For          Management
      Purchase Plan
18    Amend Executive Incentive Bonus Plan    For       For          Management


--------------------------------------------------------------------------------

INTERNATIONAL BUSINESS MACHINES CORPORATION

Ticker:       IBM            Security ID:  459200101
Meeting Date: APR 26, 2011   Meeting Type: Annual
Record Date:  FEB 25, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director A. J. P. Belda           For       For          Management
2     Elect Director W. R. Brody              For       For          Management
3     Elect Director K. I. Chenault           For       Against      Management
4     Elect Director M. L. Eskew              For       For          Management
5     Elect Director S. A. Jackson            For       Against      Management
6     Elect Director A. N. Liveris            For       Against      Management
7     Elect Director W. J. McNerney, Jr.      For       Against      Management
8     Elect Director J. W. Owens              For       For          Management
9     Elect Director S. J. Palmisano          For       For          Management
10    Elect Director J. E. Spero              For       For          Management
11    Elect Director S. Taurel                For       For          Management
12    Elect Director L. H. Zambrano           For       Against      Management
13    Ratify Auditors                         For       For          Management
14    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
15    Advisory Vote on Say on Pay Frequency   Three     One Year     Management
                                              Years
16    Provide for Cumulative Voting           Against   For          Shareholder
17    Report on Political Contributions       Against   For          Shareholder
18    Report on Lobbying Expenses             Against   For          Shareholder


--------------------------------------------------------------------------------

JOHNSON & JOHNSON

Ticker:       JNJ            Security ID:  478160104
Meeting Date: APR 28, 2011   Meeting Type: Annual
Record Date:  MAR 01, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Mary Sue Coleman         For       For          Management
2     Elect Director James G. Cullen          For       For          Management
3     Elect Director Ian E.L. Davis           For       For          Management
4     Elect Director Michael M.e. Johns       For       For          Management
5     Elect Director Susan L. Lindquist       For       For          Management
6     Elect Director Anne M. Mulcahy          For       For          Management
7     Elect Director Leo F. Mullin            For       For          Management
8     Elect Director William D. Perez         For       For          Management
9     Elect Director Charles Prince           For       For          Management
10    Elect Director David Satcher            For       For          Management
11    Elect Director William C. Weldon        For       For          Management
12    Ratify Auditors                         For       For          Management
13    Advisory Vote to Ratify Named Executive For       Against      Management
      Officers' Compensation
14    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
15    Adopt Policy to Restrain Pharmaceutical Against   For          Shareholder
      Price Increases
16    Amend EEO Policy to Prohibit            Against   Against      Shareholder
      Discrimination Based on Applicant's
      Health Status
17    Adopt Animal-Free Training Methods      Against   For          Shareholder


--------------------------------------------------------------------------------

JPMORGAN CHASE & CO.

Ticker:       JPM            Security ID:  46625H100
Meeting Date: MAY 17, 2011   Meeting Type: Annual
Record Date:  MAR 18, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Crandall C. Bowles       For       For          Management
2     Elect Director Stephen B. Burke         For       For          Management
3     Elect Director David M. Cote            For       For          Management
4     Elect Director James S. Crown           For       For          Management
5     Elect Director James Dimon              For       For          Management
6     Elect Director Ellen V. Futter          For       For          Management
7     Elect Director William H. Gray, III     For       For          Management
8     Elect Director Laban P. Jackson, Jr.    For       For          Management
9     Elect Director David C. Novak           For       For          Management
10    Elect Director Lee R. Raymond           For       For          Management
11    Elect Director William C. Weldon        For       For          Management
12    Ratify Auditors                         For       For          Management
13    Advisory Vote to Ratify Named Executive For       Against      Management
      Officers' Compensation
14    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
15    Amend Omnibus Stock Plan                For       Against      Management
16    Affirm Political Non-Partisanship       Against   For          Shareholder
17    Provide Right to Act by Written Consent Against   For          Shareholder
18    Report on Loan Modifications            Against   For          Shareholder
19    Report on Political Contributions       Against   For          Shareholder
20    Institute Procedures to Prevent         Against   For          Shareholder
      Investments in Companies that
      Contribute to Genocide or Crimes
      Against Humanity
21    Require Independent Board Chairman      Against   For          Shareholder


--------------------------------------------------------------------------------

LEGG MASON, INC.

Ticker:       LM             Security ID:  524901105
Meeting Date: JUL 27, 2010   Meeting Type: Annual
Record Date:  MAY 28, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director John T. Cahill           For       For          Management
1.2   Elect Director Dennis R. Beresford      For       For          Management
1.3   Elect Director Nelson Peltz             For       For          Management
1.4   Elect Director W. Allen Reed            For       For          Management
1.5   Elect Director Nicholas J. St. George   For       For          Management
2     Amend Executive Incentive Bonus Plan    For       For          Management
3     Ratify Auditors                         For       For          Management
4     Amend Any Short-term Incentive Plans    Against   For          Shareholder
      (STIP) as Applied to Senior Executives
5     Require Independent Board Chairman      Against   For          Shareholder


--------------------------------------------------------------------------------

MARATHON OIL CORPORATION

Ticker:       MRO            Security ID:  565849106
Meeting Date: APR 27, 2011   Meeting Type: Annual
Record Date:  FEB 28, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Gregory H. Boyce         For       Against      Management
2     Elect Director Pierre Brondeau          For       For          Management
3     Elect Director Clarence P. Cazalot, Jr. For       Against      Management
4     Elect Director David A. Daberko         For       Against      Management
5     Elect Director William L. Davis         For       Against      Management
6     Elect Director Shirley Ann Jackson      For       Against      Management
7     Elect Director Philip Lader             For       Against      Management
8     Elect Director Charles R. Lee           For       Against      Management
9     Elect Director Michael E. J. Phelps     For       Against      Management
10    Elect Director Dennis H. Reilley        For       Against      Management
11    Elect Director Seth E. Schofield        For       Against      Management
12    Elect Director John W. Snow             For       Against      Management
13    Elect Director Thomas J. Usher          For       Against      Management
14    Ratify Auditors                         For       For          Management
15    Provide Right to Call Special Meeting   For       Against      Management
16    Advisory Vote to Ratify Named Executive For       Against      Management
      Officers' Compensation
17    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
18    Report on Accident Risk Reduction       Against   For          Shareholder
      Efforts


--------------------------------------------------------------------------------

MERCK & CO., INC.

Ticker:       MRK            Security ID:  58933Y105
Meeting Date: MAY 24, 2011   Meeting Type: Annual
Record Date:  MAR 25, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Leslie A. Brun           For       For          Management
2     Elect Director Thomas R. Cech           For       For          Management
3     Elect Director Richard T. Clark         For       For          Management
4     Elect Director Kenneth C. Frazier       For       For          Management
5     Elect Director Thomas H. Glocer         For       For          Management
6     Elect Director Steven F. Goldstone      For       For          Management
7     Elect Director William B. Harrison. Jr. For       For          Management
8     Elect Director Harry R. Jacobson        For       For          Management
9     Elect Director William N. Kelley        For       For          Management
10    Elect Director C. Robert Kidder         For       For          Management
11    Elect Director Rochelle B. Lazarus      For       For          Management
12    Elect Director Carlos E. Represas       For       For          Management
13    Elect Director Patricia F. Russo        For       For          Management
14    Elect Director Thomas E. Shenk          For       For          Management
15    Elect Director Anne M. Tatlock          For       For          Management
16    Elect Director Craig B. Thompson        For       For          Management
17    Elect Director Wendell P. Weeks         For       For          Management
18    Elect Director Peter C. Wendell         For       For          Management
19    Ratify Auditors                         For       Against      Management
20    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
21    Advisory Vote on Say on Pay Frequency   Three     One Year     Management
                                              Years


--------------------------------------------------------------------------------

METLIFE, INC.

Ticker:       MET            Security ID:  59156R108
Meeting Date: APR 26, 2011   Meeting Type: Annual
Record Date:  MAR 01, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Steven A. Kandarian      For       For          Management
1.2   Elect Director Sylvia Mathews Burwell   For       For          Management
1.3   Elect Director Eduardo Castro-Wright    For       For          Management
1.4   Elect Director Cheryl W. Grise          For       For          Management
1.5   Elect Director Lulu C. Wang             For       For          Management
2     Declassify the Board of Directors       For       For          Management
3     Ratify Auditors                         For       For          Management
4     Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
5     Advisory Vote on Say on Pay Frequency   One Year  One Year     Management


--------------------------------------------------------------------------------

MICROSOFT CORPORATION

Ticker:       MSFT           Security ID:  594918104
Meeting Date: NOV 16, 2010   Meeting Type: Annual
Record Date:  SEP 03, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Steven A. Ballmer        For       Against      Management
2     Elect Director Dina Dublon              For       Against      Management
3     Elect Director William H. Gates III     For       Against      Management
4     Elect Director Raymond V. Gilmartin     For       Against      Management
5     Elect Director Reed Hastings            For       Against      Management
6     Elect Director Maria M. Klawe           For       Against      Management
7     Elect Director David F. Marquardt       For       Against      Management
8     Elect Director Charles H. Noski         For       Against      Management
9     Elect Director Helmut Panke             For       Against      Management
10    Ratify Auditors                         For       For          Management
11    Amend Bylaws to Establish a Board       Against   For          Shareholder
      Committee on Environmental
      Sustainability


--------------------------------------------------------------------------------

MORGAN STANLEY

Ticker:       MS             Security ID:  617446448
Meeting Date: MAY 18, 2011   Meeting Type: Annual
Record Date:  MAR 21, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Roy J. Bostock           For       For          Management
2     Elect Director Erskine B. Bowles        For       For          Management
3     Elect Director Howard J. Davies         For       For          Management
4     Elect Director James P. Gorman          For       For          Management
5     Elect Director James H. Hance Jr.       For       Against      Management
6     Elect Director C. Robert Kidder         For       For          Management
7     Elect Director John J. Mack             For       For          Management
8     Elect Director Donald T. Nicolaisen     For       For          Management
9     Elect Director Hutham S. Olayan         For       For          Management
10    Elect Director James. W. Owens          For       For          Management
11    Elect Director O. Griffith Sexton       For       For          Management
12    Elect Director Masaaki Tanaka           For       For          Management
13    Elect Director Laura D. Tyson           For       For          Management
14    Ratify Auditors                         For       For          Management
15    Amend Omnibus Stock Plan                For       Against      Management
16    Advisory Vote to Ratify Named Executive For       Against      Management
      Officers' Compensation
17    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management


--------------------------------------------------------------------------------

MOTOROLA MOBILITY HOLDINGS, INC.

Ticker:       MMI            Security ID:  620097105
Meeting Date: MAY 09, 2011   Meeting Type: Annual
Record Date:  MAR 11, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Sanjay K. Jha            For       For          Management
2     Elect Director Jon E. Barfield          For       For          Management
3     Elect Director William R. Hambrecht     For       For          Management
4     Elect Director Jeanne P. Jackson        For       For          Management
5     Elect Director Keith A. Meister         For       For          Management
6     Elect Director Thomas J. Meredith       For       For          Management
7     Elect Director Daniel A. Ninivaggi      For       For          Management
8     Elect Director James R. Stengel         For       For          Management
9     Elect Director Anthony J. Vinciquerra   For       For          Management
10    Elect Director Andrew J. Viterbi        For       For          Management
11    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
12    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
13    Ratify Auditors                         For       For          Management


--------------------------------------------------------------------------------

MOTOROLA SOLUTIONS, INC.

Ticker:       MSI            Security ID:  620076307
Meeting Date: MAY 02, 2011   Meeting Type: Annual
Record Date:  MAR 07, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Gregory Q. Brown         For       For          Management
2     Elect Director William J. Bratton       For       For          Management
3     Elect Director David W. Dorman          For       For          Management
4     Elect Director Michael V. Hayden        For       For          Management
5     Elect Director Vincent J. Intrieri      For       Against      Management
6     Elect Director Judy C. Lewent           For       For          Management
7     Elect Director Samuel C. Scott III      For       For          Management
8     Elect Director John A. White            For       For          Management
9     Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
10    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
11    Amend Omnibus Stock Plan                For       For          Management
12    Ratify Auditors                         For       For          Management
13    Amend Human Rights Policies             Against   For          Shareholder


--------------------------------------------------------------------------------

MOTOROLA, INC.

Ticker:       MSI            Security ID:  620076109
Meeting Date: NOV 29, 2010   Meeting Type: Special
Record Date:  OCT 08, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Reverse Stock Split             For       For          Management
2     Amend Certificate of Incorporation to   For       For          Management
      Effect Reverse Stock Split and Reduce
      Proportionately the Number of Common
      Shares


--------------------------------------------------------------------------------

NEWMONT MINING CORPORATION

Ticker:       NEM            Security ID:  651639106
Meeting Date: APR 19, 2011   Meeting Type: Annual
Record Date:  FEB 18, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Glen A. Barton           For       Withhold     Management
1.2   Elect Director Vincent A. Calarco       For       Withhold     Management
1.3   Elect Director Joseph A. Carrabba       For       Withhold     Management
1.4   Elect Director Noreen Doyle             For       Withhold     Management
1.5   Elect Director Veronica M. Hagen        For       Withhold     Management
1.6   Elect Director Michael S. Hamson        For       Withhold     Management
1.7   Elect Director Richard T. O'Brien       For       Withhold     Management
1.8   Elect Director John B. Prescott         For       Withhold     Management
1.9   Elect Director Donald C. Roth           For       Withhold     Management
1.10  Elect Director Simon Thompson           For       Withhold     Management
2     Ratify Auditors                         For       For          Management
3     Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
4     Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
5     Other Business                          For       Against      Management


--------------------------------------------------------------------------------

NEWS CORPORATION

Ticker:       NWS            Security ID:  65248E203
Meeting Date: OCT 15, 2010   Meeting Type: Annual
Record Date:  AUG 16, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Jose Maria Aznar         For       For          Management
1.2   Elect Director Natalie Bancroft         For       For          Management
1.3   Elect Director Peter L. Barnes          For       For          Management
1.4   Elect Director Chase Carey              For       For          Management
1.5   Elect Director Kenneth E. Cowley        For       For          Management
1.6   Elect Director David F. DeVoe           For       For          Management
1.7   Elect Director Viet Dinh                For       For          Management
1.8   Elect Director Sir Roderick I.          For       For          Management
      Eddington
1.9   Elect Director Andrew S.B. Knight       For       For          Management
1.10  Elect Director James R. Murdoch         For       For          Management
1.11  Elect Director K. Rupert Murdoch        For       For          Management
1.12  Elect Director Lachlan K. Murdoch       For       For          Management
1.13  Elect Director Thomas J. Perkins        For       For          Management
1.14  Elect Director Arthur M. Siskind        For       For          Management
1.15  Elect Director John L. Thornton         For       For          Management
2     Ratify Auditors                         For       Against      Management
3     Amend Omnibus Stock Plan                For       Against      Management
4     Establish Human Rights Committee        Against   For          Shareholder
5     Advisory Vote to Ratify Named Executive Against   For          Shareholder
      Officers' Compensation


--------------------------------------------------------------------------------

PFIZER INC.

Ticker:       PFE            Security ID:  717081103
Meeting Date: APR 28, 2011   Meeting Type: Annual
Record Date:  MAR 01, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Dennis A. Ausiello       For       For          Management
2     Elect Director Michael S. Brown         For       For          Management
3     Elect Director M. Anthony Burns         For       For          Management
4     Elect Director W. Don Cornwell          For       For          Management
5     Elect Director Frances D. Fergusson     For       For          Management
6     Elect Director William H. Gray III      For       For          Management
7     Elect Director Constance J. Horner      For       For          Management
8     Elect Director James M. Kilts           For       For          Management
9     Elect Director George A. Lorch          For       For          Management
10    Elect Director John P. Mascotte         For       For          Management
11    Elect Director Suzanne Nora Johnson     For       For          Management
12    Elect Director Ian C. Read              For       For          Management
13    Elect Director Stephen W. Sanger        For       For          Management
14    Ratify Auditors                         For       For          Management
15    Advisory Vote to Ratify Named Executive For       Against      Management
      Officers' Compensation
16    Advisory Vote on Say on Pay Frequency   Two Years One Year     Management
17    Publish Political Contributions         Against   Against      Shareholder
18    Report on Public Policy Advocacy        Against   Against      Shareholder
      Process
19    Adopt Policy to Restrain Pharmaceutical Against   For          Shareholder
      Price Increases
20    Provide Right to Act by Written Consent Against   For          Shareholder
21    Amend Articles/Bylaws/Charter -- Call   Against   For          Shareholder
      Special Meetings
22    Report on Animal Testing and Plans for  Against   For          Shareholder
      Reduction


--------------------------------------------------------------------------------

ROYAL DUTCH SHELL PLC

Ticker:       RDSB           Security ID:  780259206
Meeting Date: MAY 17, 2011   Meeting Type: Annual
Record Date:  APR 04, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       For          Management
      Statutory Reports
2     Approve Remuneration Report             For       For          Management
3     Elect Linda Stuntz as Director          For       Against      Management
4     Re-elect Josef Ackermann as Director    For       Against      Management
5     Re-elect Malcolm Brinded as Director    For       Against      Management
6     Elect Guy Elliott as Director           For       Against      Management
7     Re-elect Simon Henry as Director        For       Against      Management
8     Re-elect Charles Holliday as Director   For       Against      Management
9     Re-elect Lord Kerr of Kinlochard as     For       Against      Management
      Director
10    Elect Gerard Kleisterlee as Director    For       Against      Management
11    Re-elect Christine Morin-Postel as      For       Against      Management
      Director
12    Re-elect Jorma Ollila as Director       For       Against      Management
13    Re-elect Jeroen van der Veer as         For       Against      Management
      Director
14    Re-elect Peter Voser as Director        For       Against      Management
15    Re-elect Hans Wijers as Director        For       Against      Management
16    Reappoint PricewaterhouseCoopers LLP as For       For          Management
      Auditors of the Company
17    Authorise Board to Fix Remuneration of  For       For          Management
      Auditors
18    Authorise Issue of Equity with          For       For          Management
      Pre-emptive Rights
19    Authorise Issue of Equity without       For       For          Management
      Pre-emptive Rights
20    Authorise Market Purchase               For       For          Management
21    Authorise EU Political Donations and    For       For          Management
      Expenditure


--------------------------------------------------------------------------------

SONY CORPORATION

Ticker:       6758           Security ID:  835699307
Meeting Date: JUN 28, 2011   Meeting Type: Annual
Record Date:  MAR 30, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Stringer, Howard         For       For          Management
1.2   Elect Director Chuubachi, Ryoji         For       For          Management
1.3   Elect Director Kobayashi, Yotaro        For       For          Management
1.4   Elect Director Yamauchi, Yoshiaki       For       For          Management
1.5   Elect Director Bonfield, Peter          For       For          Management
1.6   Elect Director Cho, Fujio               For       For          Management
1.7   Elect Director Yasuda, Ryuuji           For       For          Management
1.8   Elect Director Uchinaga, Yukako         For       For          Management
1.9   Elect Director Yahagi, Mitsuaki         For       For          Management
1.10  Elect Director Hsieh, Tsun-Yan          For       For          Management
1.11  Elect Director Hernandez, Roland        For       For          Management
1.12  Elect Director Anraku, Kanemitsu        For       For          Management
1.13  Elect Director Kojima, Yorihiko         For       For          Management
1.14  Elect Director Nagayama, Osamu          For       For          Management
1.15  Elect Director Anzai, Yuuichiro         For       For          Management
2     Approve Stock Option Plan               For       For          Management


--------------------------------------------------------------------------------

SPECTRA ENERGY CORP

Ticker:       SE             Security ID:  847560109
Meeting Date: APR 19, 2011   Meeting Type: Annual
Record Date:  FEB 18, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director William T. Esrey         For       For          Management
1.2   Elect Director Gregory L. Ebel          For       For          Management
1.3   Elect Director Austin A. Adams          For       For          Management
1.4   Elect Director Paul M. Anderson         For       For          Management
1.5   Elect Director Pamela L. Carter         For       For          Management
1.6   Elect Director F. Anthony Comper        For       For          Management
1.7   Elect Director Peter B. Hamilton        For       For          Management
1.8   Elect Director Dennis R. Hendrix        For       For          Management
1.9   Elect Director Michael Mcshane          For       For          Management
1.10  Elect Director Joseph H. Netherland     For       For          Management
1.11  Elect Director Michael E.J. Phelps      For       For          Management
2     Ratify Auditors                         For       For          Management
3     Amend Omnibus Stock Plan                For       For          Management
4     Amend Executive Incentive Bonus Plan    For       For          Management
5     Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
6     Advisory Vote on Say on Pay Frequency   Three     One Year     Management
                                              Years
7     Require a Majority Vote for the         Against   For          Shareholder
      Election of Directors


--------------------------------------------------------------------------------

THE BANK OF NEW YORK MELLON CORPORATION

Ticker:       BK             Security ID:  064058100
Meeting Date: APR 12, 2011   Meeting Type: Annual
Record Date:  FEB 11, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Ruth E. Bruch            For       For          Management
2     Elect Director Nicholas M. Donofrio     For       For          Management
3     Elect Director Gerald L. Hassell        For       For          Management
4     Elect Director Edmund F. Kelly          For       For          Management
5     Elect Director Robert P. Kelly          For       For          Management
6     Elect Director Richard J. Kogan         For       For          Management
7     Elect Director Michael J. Kowalski      For       For          Management
8     Elect Director John A. Luke, Jr.        For       Against      Management
9     Elect Director Mark A. Nordenberg       For       For          Management
10    Elect Director Catherine A. Rein        For       For          Management
11    Elect Director William C. Richardson    For       For          Management
12    Elect Director Samuel C. Scott III      For       For          Management
13    Elect Director John P. Surma            For       For          Management
14    Elect Director Wesley W. von Schack     For       For          Management
15    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
16    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
17    Amend Omnibus Stock Plan                For       Against      Management
18    Amend Executive Incentive Bonus Plan    For       For          Management
19    Ratify Auditors                         For       For          Management
20    Provide for Cumulative Voting           Against   For          Shareholder


--------------------------------------------------------------------------------

THE COCA-COLA COMPANY

Ticker:       KO             Security ID:  191216100
Meeting Date: APR 27, 2011   Meeting Type: Annual
Record Date:  FEB 28, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Herbert A. Allen         For       For          Management
2     Elect Director Ronald W. Allen          For       Against      Management
3     Elect Director Howard G. Buffett        For       For          Management
4     Elect Director Barry Diller             For       For          Management
5     Elect Director Evan G. Greenberg        For       For          Management
6     Elect Director Alexis M. Herman         For       For          Management
7     Elect Director Muhtar Kent              For       For          Management
8     Elect Director Donald R. Keough         For       For          Management
9     Elect Director Maria Elena Lagomasino   For       For          Management
10    Elect Director Donald F. McHenry        For       For          Management
11    Elect Director Sam Nunn                 For       For          Management
12    Elect Director James D. Robinson III    For       For          Management
13    Elect Director Peter V. Ueberroth       For       For          Management
14    Elect Director Jacob Wallenberg         For       For          Management
15    Elect Director James B. Williams        For       For          Management
16    Ratify Auditors                         For       For          Management
17    Amend Executive Incentive Bonus Plan    For       For          Management
18    Amend Restricted Stock Plan             For       Against      Management
19    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
20    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
21    Publish Report on Chemical Bisphenol-A  Against   For          Shareholder
      (BPA)


--------------------------------------------------------------------------------

THE DOW CHEMICAL COMPANY

Ticker:       DOW            Security ID:  260543103
Meeting Date: MAY 12, 2011   Meeting Type: Annual
Record Date:  MAR 14, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Arnold A. Allemang       For       For          Management
2     Elect Director Jacqueline K. Barton     For       For          Management
3     Elect Director James A. Bell            For       For          Management
4     Elect Director Jeff M. Fettig           For       For          Management
5     Elect Director Barbara H. Franklin      For       For          Management
6     Elect Director Jennifer M. Granholm     For       For          Management
7     Elect Director John B. Hess             For       For          Management
8     Elect Director Andrew N. Liveris        For       For          Management
9     Elect Director Paul Polman              For       For          Management
10    Elect Director Dennis H. Reilley        For       For          Management
11    Elect Director James M. Ringler         For       Against      Management
12    Elect Director Ruth G. Shaw             For       For          Management
13    Elect Director Paul G. Stern            For       For          Management
14    Ratify Auditors                         For       For          Management
15    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
16    Advisory Vote on Say on Pay Frequency   Three     One Year     Management
                                              Years
17    Provide Right to Act by Written Consent Against   For          Shareholder


--------------------------------------------------------------------------------

THE GOLDMAN SACHS GROUP, INC.

Ticker:       GS             Security ID:  38141G104
Meeting Date: MAY 06, 2011   Meeting Type: Annual
Record Date:  MAR 07, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Lloyd C. Blankfein       For       For          Management
2     Elect Director John H. Bryan            For       For          Management
3     Elect Director Gary D. Cohn             For       For          Management
4     Elect Director Claes Dahlback           For       For          Management
5     Elect Director Stephen Friedman         For       For          Management
6     Elect Director William W. George        For       For          Management
7     Elect Director James A. Johnson         For       For          Management
8     Elect Director Lois D. Juliber          For       For          Management
9     Elect Director Lakshmi N. Mittal        For       Against      Management
10    Elect Director James J. Schiro          For       For          Management
11    Advisory Vote to Ratify Named Executive For       Against      Management
      Officers' Compensation
12    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
13    Ratify Auditors                         For       For          Management
14    Provide for Cumulative Voting           Against   For          Shareholder
15    Amend Bylaws-- Call Special Meetings    Against   For          Shareholder
16    Stock Retention/Holding Period          Against   For          Shareholder
17    Review Executive Compensation           Against   For          Shareholder
18    Report on Climate Change Business Risks Against   Against      Shareholder
19    Report on Political Contributions       Against   For          Shareholder


--------------------------------------------------------------------------------

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

Ticker:       HIG            Security ID:  416515104
Meeting Date: MAY 18, 2011   Meeting Type: Annual
Record Date:  MAR 21, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Robert B. Allardice, III For       For          Management
2     Elect Director Trevor Fetter            For       For          Management
3     Elect Director Paul G. Kirk, Jr.        For       For          Management
4     Elect Director Liam E. McGee            For       For          Management
5     Elect Director Kathryn A. Mikells       For       For          Management
6     Elect Director Michael G. Morris        For       Against      Management
7     Elect Director Thomas A. Renyi          For       For          Management
8     Elect Director Charles B. Strauss       For       For          Management
9     Elect Director H. Patrick Swygert       For       For          Management
10    Ratify Auditors                         For       For          Management
11    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
12    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management


--------------------------------------------------------------------------------

THE PROCTER & GAMBLE COMPANY

Ticker:       PG             Security ID:  742718109
Meeting Date: OCT 12, 2010   Meeting Type: Annual
Record Date:  AUG 13, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Angela F. Braly          For       For          Management
2     Elect Director Kenneth I. Chenault      For       Against      Management
3     Elect Director Scott D. Cook            For       For          Management
4     Elect Director Rajat K. Gupta           For       For          Management
5     Elect Director Robert A. Mcdonald       For       For          Management
6     Elect Director W. James Mcnerney, Jr.   For       Against      Management
7     Elect Director Johnathan A. Rodgers     For       For          Management
8     Elect Director Mary A. Wilderotter      For       Against      Management
9     Elect Director Patricia A. Woertz       For       For          Management
10    Elect Director Ernesto Zedillo          For       For          Management
11    Ratify Auditors                         For       For          Management
12    Provide for Cumulative Voting           Against   For          Shareholder


--------------------------------------------------------------------------------

THE TRAVELERS COMPANIES, INC.

Ticker:       TRV            Security ID:  89417E109
Meeting Date: MAY 26, 2011   Meeting Type: Annual
Record Date:  MAR 28, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Alan L. Beller           For       For          Management
2     Elect Director John H. Dasburg          For       For          Management
3     Elect Director Janet M. Dolan           For       For          Management
4     Elect Director Kenneth M. Duberstein    For       For          Management
5     Elect Director Jay S. Fishman           For       For          Management
6     Elect Director Lawrence G. Graev        For       For          Management
7     Elect Director Patricia L. Higgins      For       For          Management
8     Elect Director Thomas R. Hodgson        For       For          Management
9     Elect Director Cleve L. Killingsworth,  For       For          Management
      Jr.
10    Elect Director Donald J. Shepard        For       For          Management
11    Elect Director Laurie J. Thomsen        For       For          Management
12    Ratify Auditors                         For       For          Management
13    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
14    Advisory Vote on Say on Pay Frequency   Three     One Year     Management
                                              Years


--------------------------------------------------------------------------------

TIME WARNER INC.

Ticker:       TWX            Security ID:  887317303
Meeting Date: MAY 20, 2011   Meeting Type: Annual
Record Date:  MAR 25, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director James L. Barksdale       For       For          Management
2     Elect Director William P. Barr          For       For          Management
3     Elect Director Jeffrey L. Bewkes        For       For          Management
4     Elect Director Stephen F. Bollenbach    For       For          Management
5     Elect Director Frank J. Caufield        For       For          Management
6     Elect Director Robert C. Clark          For       For          Management
7     Elect Director Mathias Dopfner          For       Against      Management
8     Elect Director Jessica P. Einhorn       For       For          Management
9     Elect Director Fred Hassan              For       For          Management
10    Elect Director Michael A. Miles         For       For          Management
11    Elect Director Kenneth J. Novack        For       For          Management
12    Elect Director Paul D. Wachter          For       For          Management
13    Elect Director Deborah C. Wright        For       Against      Management
14    Ratify Auditors                         For       For          Management
15    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
16    Advisory Vote on Say on Pay Frequency   Three     One Year     Management
                                              Years
17    Reduce Supermajority Vote Requirement   For       For          Management
18    Provide Right to Act by Written Consent Against   For          Shareholder


--------------------------------------------------------------------------------

TYCO ELECTRONICS LTD.

Ticker:       TEL            Security ID:  H8912P106
Meeting Date: MAR 09, 2011   Meeting Type: Annual
Record Date:  FEB 17, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Reelect Pierre Brondeau as Director     For       For          Management
2     Reelect Juergen Gromer as Director      For       For          Management
3     Reelect Robert Hernandez as Director    For       Against      Management
4     Reelect Thomas Lynch as Director        For       For          Management
5     Reelect Daniel Phelan as Director       For       For          Management
6     Reelect Frederic Poses as Director      For       For          Management
7     Reelect Lawrence Smith as Director      For       For          Management
8     Reelect Paula Sneed as Director         For       For          Management
9     Reelect David Steiner as Director       For       For          Management
10    Reelect John Van Scoter as Director     For       For          Management
11    Accept Annual Report for Fiscal         For       For          Management
      2009/2010
12    Accept Statutory Financial Statements   For       For          Management
      for Fiscal 2010/2011
13    Accept Consolidated Financial           For       For          Management
      Statements for Fiscal 2010/2011
14    Approve Discharge of Board and Senior   For       For          Management
      Management
15    Ratify Deloitte & Touche LLP as         For       For          Management
      Independent Registered Public
      Accounting Firm for Fiscal 2010/2011
16    Ratify Deloitte AG as Swiss Registered  For       For          Management
      Auditors for Fiscal 2010/2011
17    Ratify PricewaterhouseCoopers AG as     For       For          Management
      Special Auditor for Fiscal 2010/2011
18    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
19    Advisory Vote on Say on Pay Frequency   None      One Year     Management
20    Approve Ordinary Cash Dividend          For       For          Management
21    Change Company Name to TE Connectivity  For       For          Management
      Ltd
22    Amend Articles to Renew Authorized      For       For          Management
      Share Capital
23    Approve  Reduction in Share Capital     For       For          Management
24    Authorize Repurchase of up to USD 800   For       Against      Management
      million of Share Capital
25    Adjourn Meeting                         For       Against      Management


--------------------------------------------------------------------------------

TYCO INTERNATIONAL, LTD.

Ticker:       TYC            Security ID:  H89128104
Meeting Date: MAR 09, 2011   Meeting Type: Annual
Record Date:  JAN 10, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       For          Management
      Statutory Reports for Fiscal 2009/2010
2     Approve Discharge of Board and Senior   For       For          Management
      Management
3.1   Elect Edward D. Breen as Director       For       For          Management
3.2   Elect Michael Daniels as Director       For       For          Management
3.3   Reelect Timothy Donahue as Director     For       For          Management
3.4   Reelect Brian Duperreault as Director   For       For          Management
3.5   Reelect Bruce Gordon as Director        For       For          Management
3.6   Reelect Rajiv L. Gupta as Director      For       For          Management
3.7   Reelect John Krol as Director           For       For          Management
3.8   Reelect Brendan O'Neill as Director     For       For          Management
3.9   Reelect Dinesh Paliwal as Director      For       For          Management
3.10  Reelect William Stavropoulos as         For       For          Management
      Director
3.11  Reelect Sandra Wijnberg as Director     For       For          Management
3.12  Reelect R. David Yost as Director       For       For          Management
4a    Ratify Deloitte AG as Auditors          For       For          Management
4b    Appoint Deloitte & Touche LLP as        For       For          Management
      Independent Registered Public
      Accounting Firm for Fiscal 2010/2011
4c    Ratify PricewaterhouseCoopers AG as     For       For          Management
      Special Auditors
5a    Approve Carrying Forward of Net Loss    For       For          Management
5b    Approve Ordinary Cash Dividend          For       For          Management
6     Amend Articles to Renew Authorized      For       For          Management
      Share Capital
7     Approve CHF 188,190,276.70 Reduction in For       For          Management
      Share Capital
8a    Advisory Vote to Ratify Named Executive For       Against      Management
      Officers' Compensation
8b    Advisory Vote on Say on Pay Frequency   Three     One Year     Management
                                              Years


--------------------------------------------------------------------------------

U.S. BANCORP

Ticker:       USB            Security ID:  902973304
Meeting Date: APR 19, 2011   Meeting Type: Annual
Record Date:  FEB 22, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Douglas M. Baker, Jr.    For       For          Management
2     Elect Director Y. Marc Belton           For       For          Management
3     Elect Director Victoria Buyniski        For       For          Management
      Gluckman
4     Elect Director Arthur D. Collins, Jr.   For       For          Management
5     Elect Director Richard K. Davis         For       For          Management
6     Elect Director Joel W. Johnson          For       For          Management
7     Elect Director Olivia F. Kirtley        For       For          Management
8     Elect Director Jerry W. Levin           For       For          Management
9     Elect Director David B. O'Maley         For       For          Management
10    Elect Director O Dell M. Owens          For       For          Management
11    Elect Director Richard G. Reiten        For       For          Management
12    Elect Director Craig D. Schnuck         For       For          Management
13    Elect Director Patrick T. Stokes        For       For          Management
14    Ratify Auditors                         For       For          Management
15    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
16    Advisory Vote on Say on Pay Frequency   Three     One Year     Management
                                              Years
17    Advisory Vote to Ratify Directors'      Against   Against      Shareholder
      Compensation


--------------------------------------------------------------------------------

UNILEVER NV

Ticker:       UN             Security ID:  904784709
Meeting Date: MAY 12, 2011   Meeting Type: Annual
Record Date:  MAR 21, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Receive Report of Management Board      None      None         Management
      (Non-Voting)
2     Approve Financial Statements and        For       For          Management
      Allocation of Income
3     Approve Discharge of Executive Board    For       For          Management
      Members
4     Approve Discharge of Non-Executive      For       For          Management
      Board Members
5     Reelect P.G.J.M. Polman as CEO to Board For       For          Management
      of Directors
6     Relect R.J.M.S. Huet as CFO to Board of For       For          Management
      Directors
7     Reelect L.O. Fresco to Board of         For       For          Management
      Directors
8     Reelect A.M. Fudge to Board of          For       For          Management
      Directors
9     Reelect C.E. Golden to Board of         For       For          Management
      Directors
10    Reelect B.E. Grote to Board of          For       For          Management
      Directors
11    Reelect H. Nyasulu to Board of          For       For          Management
      Directors
12    Reelect M. Rifkind to Board of          For       For          Management
      Directors
13    Reelect K.J. Storm to Board of          For       For          Management
      Directors
14    Reelect M. Treschow to Board of         For       For          Management
      Directors
15    Reelect P.S. Walsh to Board of          For       For          Management
      Directors
16    Elect S. Bharti Mittal to Board of      For       For          Management
      Directors
17    Authorize Repurchase of Up to 10        For       For          Management
      Percent of Issued Share Capital
18    Approve Authorization to Cancel         For       For          Management
      Ordinary Shares
19    Grant Board Authority to Issue Shares   For       For          Management
      Up To10 Percent of Issued Capital Plus
      Additional 10 Percent in Case of
      Takeover/Merger and
      Restricting/Excluding Preemptive Rights
20    Ratify PricewaterhouseCoopers as        For       For          Management
      Auditors
21    Allow Questions and Close Meeting       None      None         Management


--------------------------------------------------------------------------------

VERIZON COMMUNICATIONS INC.

Ticker:       VZ             Security ID:  92343V104
Meeting Date: MAY 05, 2011   Meeting Type: Annual
Record Date:  MAR 07, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Richard L. Carrion       For       For          Management
2     Elect Director M. Frances Keeth         For       For          Management
3     Elect Director Robert W. Lane           For       For          Management
4     Elect Director Lowell C. Mcadam         For       For          Management
5     Elect Director Sandra O. Moose          For       For          Management
6     Elect Director Joseph Neubauer          For       For          Management
7     Elect Director Donald T. Nicolaisen     For       For          Management
8     Elect Director Clarence Otis, Jr.       For       Against      Management
9     Elect Director Hugh B. Price            For       For          Management
10    Elect Director Ivan G. Seidenberg       For       For          Management
11    Elect Director Rodney E. Slater         For       For          Management
12    Elect Director John W. Snow             For       For          Management
13    Ratify Auditors                         For       For          Management
14    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
15    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
16    Disclose Prior Government Service       Against   For          Shareholder
17    Performance-Based Equity Awards         Against   For          Shareholder
18    Restore or Provide for Cumulative       Against   For          Shareholder
      Voting
19    Amend Articles/Bylaws/Charter -- Call   Against   For          Shareholder
      Special Meetings


--------------------------------------------------------------------------------

WAL-MART STORES, INC.

Ticker:       WMT            Security ID:  931142103
Meeting Date: JUN 03, 2011   Meeting Type: Annual
Record Date:  APR 06, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Aida M. Alvarez          For       For          Management
2     Elect Director James W. Breyer          For       For          Management
3     Elect Director M. Michele Burns         For       For          Management
4     Elect Director James I. Cash, Jr.       For       For          Management
5     Elect Director Roger C. Corbett         For       For          Management
6     Elect Director Douglas N. Daft          For       For          Management
7     Elect Director Michael T. Duke          For       For          Management
8     Elect Director Gregory B. Penner        For       For          Management
9     Elect Director Steven S Reinemund       For       For          Management
10    Elect Director H. Lee Scott, Jr.        For       For          Management
11    Elect Director Arne M. Sorenson         For       For          Management
12    Elect Director Jim C. Walton            For       For          Management
13    Elect Director S. Robson Walton         For       For          Management
14    Elect Director Christopher J. Williams  For       For          Management
15    Elect Director Linda S. Wolf            For       For          Management
16    Ratify Auditors                         For       For          Management
17    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
18    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
19    Amend EEO Policy to Prohibit            Against   For          Shareholder
      Discrimination based on Gender Identity
20    Report on Political Contributions       Against   For          Shareholder
21    Amend Articles/Bylaws/Charter -- Call   Against   For          Shareholder
      Special Meetings
22    Require Suppliers to Produce            Against   For          Shareholder
      Sustainability Reports
23    Report on Climate Change Business Risks Against   Against      Shareholder


--------------------------------------------------------------------------------

WALGREEN CO.

Ticker:       WAG            Security ID:  931422109
Meeting Date: JAN 12, 2011   Meeting Type: Annual
Record Date:  NOV 15, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director David J. Brailer         For       For          Management
2     Elect Director Steven A. Davis          For       For          Management
3     Elect Director William C. Foote         For       For          Management
4     Elect Director Mark P. Frissora         For       For          Management
5     Elect Director Ginger L. Graham         For       For          Management
6     Elect Director Alan G. McNally          For       For          Management
7     Elect Director Nancy M. Schlichting     For       For          Management
8     Elect Director David Y. Schwartz        For       For          Management
9     Elect Director Alejandro Silva          For       For          Management
10    Elect Director James A. Skinner         For       Against      Management
11    Elect Director Gregory D. Wasson        For       For          Management
12    Ratify Auditors                         For       Against      Management
13    Amend Articles of Incorporation to      For       For          Management
      Revise the Purpose Clause
14    Reduce Supermajority Vote Requirement   For       For          Management
15    Rescind Fair Price Provision            For       For          Management
16    Amend Articles/Bylaws/Charter -- Call   Against   For          Shareholder
      Special Meetings
17    Performance-Based Equity Awards         Against   For          Shareholder


--------------------------------------------------------------------------------

WELLPOINT, INC.

Ticker:       WLP            Security ID:  94973V107
Meeting Date: MAY 17, 2011   Meeting Type: Annual
Record Date:  MAR 17, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Angela F. Braly          For       For          Management
1.2   Elect Director Warren Y. Jobe           For       For          Management
1.3   Elect Director William G. Mays          For       For          Management
1.4   Elect Director William J. Ryan          For       For          Management
2     Ratify Auditors                         For       For          Management
3a    Reduce Supermajority Vote Requirement   For       For          Management
      Relating to Vote Requirement
3b    Reduce Supermajority Vote Requirement   For       For          Management
      Relating to Removal of Directors
3c    Opt Out of State's Control Share        For       For          Management
      Acquisition Law
3d    Amend Articles of Incorporation to      For       For          Management
      Remove Certain Obsolete Provisions
3e    Amend Articles of Incorporation to      For       For          Management
      Remove Other Obsolete Provisions and
      Make Conforming Changes
4     Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
5     Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
6     Feasibility Study for Converting to     Against   Against      Shareholder
      Nonprofit Status
7     Reincorporate in Another State [from    Against   For          Shareholder
      Indiana to Delaware]
8     Require Independent Board Chairman      Against   For          Shareholder


--------------------------------------------------------------------------------

WELLS FARGO & COMPANY

Ticker:       WFC            Security ID:  949746101
Meeting Date: MAY 03, 2011   Meeting Type: Annual
Record Date:  MAR 04, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Election Director John D. Baker II      For       For          Management
2     Election Director John S. Chen          For       Against      Management
3     Election Director Lloyd H. Dean         For       For          Management
4     Election Director Susan E. Engel        For       For          Management
5     Election Director Enrique Hernandez,    For       For          Management
      Jr.
6     Election Director Donald M. James       For       Against      Management
7     Election Director Mackey J. McDonald    For       For          Management
8     Election Director Cynthia H. Milligan   For       For          Management
9     Elect Director Nicholas G. Moore        For       For          Management
10    Elect Director Philip J. Quigley        For       Against      Management
11    Elect Director Judith M. Runstad        For       For          Management
12    Elect Director Stephen W. Sanger        For       For          Management
13    Elect Director John G. Stumpf           For       For          Management
14    Elect Director an G. Swenson            For       For          Management
15    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
16    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
17    Ratify Auditors                         For       For          Management
18    Amend Articles/Bylaws/Charter -- Call   Against   For          Shareholder
      Special Meetings
19    Provide for Cumulative Voting           Against   For          Shareholder
20    Require Independent Board Chairman      Against   For          Shareholder
21    Advisory Vote to Ratify Directors'      Against   Against      Shareholder
      Compensation
22    Require Audit Committee Review and      Against   For          Shareholder
      Report on Controls Related to Loans,
      Foreclosure and Securitizations

========== 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)   Calvert SAGE Fund - Maryland Business Trust
             -------------------------------------------------

By (Signature & Title)* /s/ Barbara J. Krumsiek,
                            President--Principal Executive Officer
                       --------------------------------------------------------

Date             August 15, 2011
      ------------------------------------------------------------------------