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: 07/01/2022 - 06/30/2023
PPM Core Plus Fixed Income Fund
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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 High Yield Core Fund
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CLEAR CHANNEL OUTDOOR HOLDINGS, INC. Agenda Number: 935783870
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Security: 18453H106
Meeting Type: Annual
Meeting Date: 03-May-2023
Ticker: CCO
ISIN: US18453H1068
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Prop.# Proposal Proposal Proposal Vote For/Against
Type Management
1. DIRECTOR
John Dionne Mgmt For For
Lisa Hammitt Mgmt For For
Andrew Hobson Mgmt For For
Thomas C. King Mgmt For For
Joe Marchese Mgmt For For
W. Benjamin Moreland Mgmt For For
Mary Teresa Rainey Mgmt For For
Scott R. Wells Mgmt For For
Jinhy Yoon Mgmt For For
2. Approval of the advisory (non-binding) Mgmt For For
resolution on executive compensation
3. Approval of the advisory (non-binding) vote Mgmt 1 Year For
on the frequency of future say-on-pay votes
4. Ratification of Ernst & Young LLP as the Mgmt For For
independent accounting firm for the year
ending December 31, 2023
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IHEARTMEDIA, INC. Agenda Number: 935814699
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Security: 45174J509
Meeting Type: Annual
Meeting Date: 18-May-2023
Ticker: IHRT
ISIN: US45174J5092
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Prop.# Proposal Proposal Proposal Vote For/Against
Type Management
1. DIRECTOR
Robert W. Pittman Mgmt For For
James A. Rasulo Mgmt For For
Richard J. Bressler Mgmt For For
Samuel E. Englebardt Mgmt For For
Brad Gerstner Mgmt For For
Cheryl Mills Mgmt For For
Graciela Monteagudo Mgmt For For
K. Sivaramakrishnan Mgmt For For
2. The ratification of the appointment of Mgmt For For
Ernst & Young LLP as our independent
registered public accounting firm for the
fiscal year ending December 31, 2023.
3. The approval, on an advisory (non-binding) Mgmt For For
basis, of the compensation of our named
executive officers.
4. The approval, on an advisory (non-binding) Mgmt 1 Year For
basis, of the frequency of future advisory
(non-binding) votes on the compensation of
our named executive officers.
5. The approval of an amendment to the Mgmt For For
iHeartMedia, Inc. 2021 Long- Term Incentive
Award Plan.
* 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/ Mary Capasso
Name Mary Capasso
Title President
Date 08/28/2023