UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY INVESTMENT COMPANY ACT FILE NUMBER: 811-23308 NAME OF REGISTRANT: PPM Funds ADDRESS OF PRINCIPAL EXECUTIVE OFFICES: 225 W. Wacker Drive, Suite 1200 Chicago, IL 60606 NAME AND ADDRESS OF AGENT FOR SERVICE: Joseph B. O'Boyle 225 W. Wacker Drive, Suite 1200 Chicago , IL 60606 REGISTRANT'S TELEPHONE NUMBER: 312-634-2500 DATE OF FISCAL YEAR END: 12/31 DATE OF REPORTING PERIOD: 07/01/2017 - 06/30/2018 PPM Floating Rate Income Fund -------------------------------------------------------------------------------------------------------------------------- The fund held no voting securities during the reporting period and did not vote any securities or have any securities that were subject to a vote during the reporting period. PPM Large Cap Value Fund -------------------------------------------------------------------------------------------------------------------------- The fund held no voting securities during the reporting period and did not vote any securities or have any securities that were subject to a vote during the reporting period. PPM Mid Cap Value Fund -------------------------------------------------------------------------------------------------------------------------- The fund held no voting securities during the reporting period and did not vote any securities or have any securities that were subject to a vote during the reporting period. PPM Small Cap Value Fund -------------------------------------------------------------------------------------------------------------------------- APOGEE ENTERPRISES, INC. Agenda Number: 934826958 -------------------------------------------------------------------------------------------------------------------------- Security: 037598109 Meeting Type: Annual Meeting Date: 28-Jun-2018 Ticker: APOG ISIN: US0375981091 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1. DIRECTOR BERNARD P. ALDRICH Mgmt For For HERBERT K. PARKER Mgmt For For JOSEPH F. PUISHYS Mgmt For For 2. ELECTION OF CLASS I DIRECTOR: LLOYD E. Mgmt For For JOHNSON 3. ADVISORY APPROVAL OF APOGEE'S EXECUTIVE Mgmt For For COMPENSATION. 4. RATIFICATION OF THE APPOINTMENT OF DELOITTE Mgmt For For & TOUCHE LLP AS APOGEE'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING MARCH 2, 2019. * Management position unknown 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) PPM Funds By (Signature) /s/ Mark Mandich Name Mark Mandich Title President Date 08/23/2018