npx063010ngf.htm

 
UNITED STATES
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, DC 20549
 
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF
The New Germany Fund, Inc.
 
Investment Company Act file number  811-05983
 
The New Germany Fund, Inc.
(Exact name of registrant as specified in charter)

 
345 Park Avenue
New York, NY  10154
(Address of principal executive offices)             (Zip code)
 
David Goldman
Secretary
345 Park Avenue, Floor 27
New York, NY  10154-0004
(Name and address of agent for service)
 
Registrant's telephone number, including area code:  212-454-6778
 
Date of fiscal year end:  12/31
 
Date of reporting period:  7/1/09-6/30/10
 
Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.
 
A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
 


 
 

 

******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-05983
Reporting Period: 07/01/2009 - 06/30/2010
New Germany Fund Inc.
 
 
 
 
 
 






============================ THE NEW GERMANY FUND INC. =========================


ABB LTD.

Ticker:       ABBN           Security ID:  H0010V101
Meeting Date: APR 26, 2010   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Receive Financial Statements and        None      None         Management
      Statutory Reports (Non-Voting)
2.1   Accept Financial Statements and         For       For          Management
      Statutory Reports
2.2   Approve Remuneration Report             For       For          Management
3     Approve Discharge of Board and Senior   For       For          Management
      Management
4     Approve Allocation of Income, Omission  For       For          Management
      of Dividends, and Transfer of CHF 340
      Million from Legal Reserves to Free
      Reserves
5     Approve CHF 34.9 Million Reduction in   For       For          Management
      Share Capital via Cancellation of
      Repurchased Shares
6     Approve CHF 1.2 Billion Reduction in    For       For          Management
      Share Capital and Repayment of CHF 0.51
      per Share
7     Amend Articles Re: Share Ownership      For       For          Management
      Requirement for Proposing Agenda Items
8.1   Amend Articles Re: Share Certificates   For       For          Management
      due to New Swiss Federal Act on
      Intermediated Securities
8.2   Amend Articles Re: Contributions in     For       For          Management
      Kind
9.1   Reelect Roger Agnelli as Director       For       For          Management
9.2   Reelect Louis Hughes as Director        For       For          Management
9.3   Reelect Hans Maerki as Director         For       For          Management
9.4   Reelect Michel de Rosen as Director     For       For          Management
9.5   Reelect Michael Ireschow as Director    For       For          Management
9.6   Reelect Bernd Voss as Director          For       For          Management
9.7   Reelect Jacob Wallenberg as Director    For       For          Management
9.8   Reelect Hubertus von Gruenberg as       For       For          Management
      Director
10    Ratify Ernst & Young AG as Auditors     For       For          Management


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ALLIANZ SE  (FORMERLY ALLIANZ AG)

Ticker:       ALV            Security ID:  D03080112
Meeting Date: MAY 5, 2010    Meeting Type: Annual
Record Date:  APR 15, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Receive Financial Statements and        None      None         Management
      Statutory Reports for Fiscal 2009
      (Non-Voting)
2     Approve Allocation of Income and        For       For          Management
      Dividends of EUR 4.10 per Share
3     Approve Discharge of Management Board   For       For          Management
      for Fiscal 2009
4     Approve Discharge of Supervisory Board  For       For          Management
      for Fiscal 2009
5     Elect Peter Sutherland to the           For       For          Management
      Supervisory Board
6     Approve Remuneration System for         For       For          Management
      Management Board Members
7     Approve Creation of EUR 550 Million     For       For          Management
      Pool of Capital with Partial Exclusion
      of Preemptive Rights
8     Approve Creation of EUR 15 Million Pool For       For          Management
      of Capital without Preemptive Rights
      for Issue of Shares Pursuant to
      Employee Stock Option Plan
9     Approve Issuance of Warrants/Bonds with For       For          Management
      Warrants Attached/Convertible Bonds
      without Preemptive Rights up to
      Aggregate Nominal Amount of EUR 10
      Billion; Approve Creation of EUR 250
      Million Pool of Capital to Guarantee
      Conversion Rights
10    Authorize Repurchase of Up to Five      For       For          Management
      Percent of Issued Share Capital for
      Trading Purposes
11    Authorize Share Repurchase Program and  For       For          Management
      Reissuance or Cancellation of
      Repurchased Shares
12    Authorize Use of Financial Derivatives  For       For          Management
      of up to Five Percent of Issued Share
      Capital When Repurchasing Shares
13    Approve Affiliation Agreement with      For       For          Management
      Subsidiary Allianz Common Applications
      and Services GmbH
14    Approve Affiliation Agreement with      For       For          Management
      Subsidiary AZ-Argos 45
      Vermoegensverwaltungsgesellschaft mbH


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ALLIED IRISH BANKS PLC

Ticker:       AIB            Security ID:  G02072117
Meeting Date: DEC 23, 2009   Meeting Type: Special
Record Date:  DEC 21, 2009

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Company's Participation in NAMA For       For          Management
      Programme
2     Approve the Convening of General        For       For          Management
      Meetings on 14 Days Notice


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ARCELORMITTAL

Ticker:       MT             Security ID:  L0302D129
Meeting Date: MAY 11, 2010   Meeting Type: Annual
Record Date:  APR 26, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Receive and Approve Directors' and      None      None         Management
      Auditors' Reports
2     Accept Consolidated Financial           For       For          Management
      Statements
3     Accept Financial Statements             For       For          Management
4     Approve Allocation of Income and        For       For          Management
      Dividends of USD 0.75 per Share
5     Approve Remuneration of Directors       For       For          Management
6     Approve Discharge of Directors          For       For          Management
7     Acknowledge Cooptation of Jeannot       For       For          Management
      Krecke as Director
8     Reelect Vanisha Mittal Bhatia as        For       Against      Management
      Director
9     Elect Jeannot Krecke as Director        For       Against      Management
10    Approve Share Repurchase Program        For       Against      Management
11    Ratify Deloitte SA as Auditors          For       For          Management
12    Approve Share Plan Grant                For       Against      Management
13    Approve Employee Stock Purchase Plan    For       For          Management
14    Waive Requirement for Mandatory Offer   For       For          Management
      to All Shareholders


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AXA

Ticker:       CS             Security ID:  F06106102
Meeting Date: APR 29, 2010   Meeting Type: Annual/Special
Record Date:  APR 26, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Financial Statements and        For       For          Management
      Statutory Reports
2     Accept Consolidated Financial           For       For          Management
      Statements and Statutory Reports
3     Approve Allocation of Income and        For       For          Management
      Dividends of EUR 0.55 per Share
4     Approve Auditors' Special Report        For       For          Management
      Regarding Related-Party Transactions
5     Approve Pension Scheme Agreement for    For       For          Management
      Henri de Castries, Denis Duverne, and
      Francois Pierson
6     Approve Severance Payment Agreement for For       Against      Management
      Henri de Castries
7     Approve Severance Payment Agreement for For       For          Management
      Denis Duverne
8     Reelect Norbert Dentressangle as        For       For          Management
      Supervisory Board Member
9     Reelect Mazars as Auditor               For       For          Management
10    Ratify Jean-Brice de Turkheim as        For       For          Management
      Alternate Auditor
11    Authorize Repurchase of Up to 10        For       Against      Management
      Percent of Issued Share Capital
12    Approve Employee Stock Purchase Plan    For       For          Management
13    Approve Stock Purchase Plan Reserved    For       For          Management
      for Employees of International
      Subsidiaries
14    Approve Reduction in Share Capital via  For       For          Management
      Cancellation of Repurchased Shares
15    Adopt One-Tiered Board Structure, Amend For       Against      Management
      Bylaws Accordingly and Acknowledge
      Transfer of All Outstanding
      Authorizations
16    Amend Articles 7, 8, and 10 of Bylaws   For       For          Management
      Re: Share Ownership Disclosure
      Thresholds, Form of Shares, Director
      Shareholding Requirements
17    Elect Henri de Castries as Director     For       Against      Management
18    Elect Denis Duverne as Director         For       For          Management
19    Elect Jacques de Chateauvieux as        For       Against      Management
      Director
20    Elect Norbert Dentressangle as Director For       For          Management
21    Elect Jean-Martin Folz as Director      For       Against      Management
22    Elect Anthony Hamilton as Director      For       For          Management
23    Elect Francois Martineau as Director    For       For          Management
24    Elect Giuseppe Mussari as Director      For       For          Management
25    Elect Ramon de Oliveira as Director     For       For          Management
26    Elect Michel Pebereau as Director       For       Against      Management
27    Elect Dominique Reiniche as Director    For       For          Management
28    Elect Ezra Suleiman as Director         For       For          Management
29    Elect Isabelle Kocher as Director       For       For          Management
30    Elect Suet-Fern Lee as Director         For       For          Management
31    Elect Wendy Cooper as Representative of For       For          Management
      Employee Shareholders to the Board
32    Elect John Coultrap as Representative   Against   Against      Management
      of Employee Shareholders to the Board
33    Elect Paul Geiersbach as Representative Against   Against      Management
      of Employee Shareholders to the Board
34    Elect Sebastien Herzog as               Against   Against      Management
      Representative of Employee Shareholders
      to the Board
35    Elect Rodney Koch as Representative of  Against   Against      Management
      Employee Shareholders to the Board
36    Elect Jason Steinberg as Representative Against   Against      Management
      of Employee Shareholders to the Board
37    Approve Remuneration of Directors in    For       For          Management
      the Aggregate Amount of EUR 1.2 Million
38    Authorize Filing of Required            For       For          Management
      Documents/Other Formalities


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

BANCO SANTANDER S.A.

Ticker:       SAN            Security ID:  E19790109
Meeting Date: JUN 10, 2010   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Individual and Consolidated      For       For          Management
      Financial Statements and Statutory
      Reports and Discharge Directors for
      Fiscal Year Ended Dec. 31, 2009
2     Approve Allocation of Income            For       For          Management
3.1   Elect Angel Jado Becerro de Bengoa as   For       For          Management
      Director
3.2   Re-elect Francisco Javier Botin-Sanz de For       For          Management
      Sautuola y O'Shea as Director
3.3   Re-elect Isabel Tocino Biscarolasaga as For       For          Management
      Director
3.4   Re-elect Fernando de Asua Alvarez as    For       For          Management
      Director
3.5   Re-elect Alfredo Saenz Abad             For       For          Management
4     Reelect Auditors for Fiscal Year 2010   For       For          Management
5     Authorize Repurchase of Shares in       For       For          Management
      Accordance With Article 75 of Spanish
      Company Law; Void Authorization Granted
      on June 19, 2009
6     Authorize Issuance of Equity or         For       For          Management
      Equity-Linked Securities without
      Preemptive Rights in Accordance to
      Article 153 1.a) of the Spanish
      Corporate Law; Void Authorization
      Granted at the AGM held on June 19,
      2009
7.1   Authorize Increase in Capital through   For       For          Management
      Bonus Share Issuance
7.2   Authorize Increase in Capital through   For       For          Management
      Bonus Share Issuance
8     Grant Board Authorization to Issue      For       For          Management
      Convertible and/or Exchangeable Debt
      Securities without Preemptive Rights
9.1   Approve Bundled Incentive Plans  Linked For       For          Management
      to Performance Objectives
9.2   Approve Savings Plan for Santander UK   For       For          Management
      PLC' Employees and other Companies of
      Santander Group in the United Kingdom
10    Authorize Board to Ratify and Execute   For       For          Management
      Approved Resolutions
11    Approve Director Remuneration Policy    For       For          Management
      Report


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

BARCLAYS PLC

Ticker:       BARC           Security ID:  G08036124
Meeting Date: APR 30, 2010   Meeting Type: Annual
Record Date:  APR 28, 2010

#     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 Reuben Jeffery III as Director    For       For          Management
4     Re-elect Marcus Agius as Director       For       For          Management
5     Re-elect David Booth as Director        For       For          Management
6     Re-elect Sir Richard Broadbent as       For       For          Management
      Director
7     Re-elect Sir Michael Rake as Director   For       For          Management
8     Re-elect Sir Andrew Likierman as        For       For          Management
      Director
9     Re-elect Chris Lucas as Director        For       For          Management
10    Reappoint PricewaterhouseCoopers LLP    For       For          Management
      Auditors
11    Authorise Board to Fix Remuneration of  For       For          Management
      Auditors
12    Authorise EU Political Donations and    For       For          Management
      Expenditure
13    Authorise Issue of Equity with          For       For          Management
      Pre-emptive Rights
14    Authorise Issue of Equity without       For       For          Management
      Pre-emptive Rights
15    Authorise Market Purchase               For       For          Management
16    Authorise the Company to Call EGM with  For       For          Management
      Two Weeks Notice
17    Adopt New Articles of Association       For       For          Management
18    Approve SAYE Share Option Scheme        For       For          Management


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

BAYER AG

Ticker:       BAYN           Security ID:  D0712D163
Meeting Date: APR 30, 2010   Meeting Type: Annual
Record Date:  APR 12, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Receive Financial Statements and        For       For          Management
      Statutory Reports; Approve Allocation
      of Income and Dividends of EUR 1.40 per
      Share for Fiscal 2009
2     Approve Discharge of Management Board   For       For          Management
      for Fiscal 2009
3     Approve Discharge of Supervisory Board  For       For          Management
      for Fiscal 2009
4     Approve Remuneration System for         For       For          Management
      Management Board Members
5     Approve Creation of EUR 530 Million     For       For          Management
      Pool of Capital with Partial Exclusion
      of Preemptive Rights
6     Approve Creation of EUR 211.7 Million   For       For          Management
      Pool of Capital without Preemptive
      Rights
7     Approve Issuance of Warrants/Bonds with For       For          Management
      Warrants Attached/Convertible Bonds
      without Preemptive Rights up to
      Aggregate Nominal Amount of EUR 6
      Billion; Approve Creation of EUR 211.7
      Million Pool of Capital to Guarantee
      Conversion Rights
8     Authorize Share Repurchase Program and  For       For          Management
      Reissuance or Cancellation of
      Repurchased Shares
9     Amend Articles Re: New German           For       For          Management
      Legislation (Law on Transposition of EU
      Shareholder's Rights Directive)
10    Ratify PricewaterhouseCoopers AG as     For       For          Management
      Auditors for Fiscal 2010


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COMPAGNIE GENERALE DE GEOPHYSIQUE VERITAS

Ticker:       GA             Security ID:  F2349S108
Meeting Date: MAY 5, 2010    Meeting Type: Annual/Special
Record Date:  APR 30, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Financial Statements and        For       For          Management
      Statutory Reports
2     Approve Treatment of Losses             For       For          Management
3     Accept Consolidated Financial           For       For          Management
      Statements and Statutory Reports
4     Reelect Remi Dorval as Director         For       For          Management
5     Elect Denis Ranque as Director          For       For          Management
6     Elect Kathleen Sendall as Director      For       For          Management
7     Approve Remuneration of Directors in    For       For          Management
      the Aggregate Amount of EUR 640,000
8     Authorize Repurchase of Up to 10        For       For          Management
      Percent of Issued Share Capital
9     Approve Auditors' Special Report        For       For          Management
      Regarding Related-Party Transactions
10    Authorize Issuance of Equity or         For       For          Management
      Equity-Linked Securities with
      Preemptive Rights up to Aggregate
      Nominal Amount of EUR 30 Million
11    Authorize Issuance of Equity or         For       For          Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate
      Nominal Amount of EUR 9 Million
12    Approve Issuance of Shares up to 20     For       For          Management
      Percent of Issued Capital Per Year for
      a Private Placement, up to Aggregate
      Nominal Amount of EUR 9 Million
13    Authorize Board to Set Issue Price for  For       Against      Management
      10 Percent Per Year of Issued Capital
      Pursuant to Issue Authority without
      Preemptive Rights
14    Authorize Board to Increase Capital in  For       For          Management
      the Event of Additional Demand Related
      to Delegation Submitted to Shareholder
      Vote Under Items 10 to 12
15    Authorize Capitalization of Reserves of For       For          Management
      Up to EUR 10 Million for Bonus Issue or
      Increase in Par Value
16    Authorize Capital Increase of up to 10  For       For          Management
      Percent of Issued Capital for Future
      Acquisitions
17    Approve Employee Stock Purchase Plan    For       For          Management
18    Authorize up to 3 Percent of Issued     For       Against      Management
      Capital for Use in Stock Option Plan
19    Authorize up to 1 Percent of Issued     For       Against      Management
      Capital for Use in Restricted Stock
      Plan
20    Authorize up to 0.5 Percent of Issued   For       For          Management
      Capital for Use in Restricted Stock
      Plan
21    Approve Reduction in Share Capital via  For       For          Management
      Cancellation of Repurchased Shares
22    Approve Issuance of Securities          For       For          Management
      Convertible into Debt
23    Authorize Filing of Required            For       For          Management
      Documents/Other Formalities
A     Approve Duration of One Year for        Against   Against      Shareholder
      Authorizations to Grant Equity-Based
      Compensation Awards


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COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN

Ticker:       ML             Security ID:  F61824144
Meeting Date: MAY 7, 2010    Meeting Type: Annual
Record Date:  MAY 4, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Financial Statements and        For       For          Management
      Statutory Reports
2     Approve Allocation of Income and        For       For          Management
      Dividends of EUR 1 per Share
3     Accept Consolidated Financial           For       For          Management
      Statements and Statutory Reports
4     Approve Transaction with a Related      For       For          Management
      Party
5     Reelect Laurence Parisot as Supervisory For       For          Management
      Board Member
6     Reelect Pat Cox as Supervisory Board    For       For          Management
      Member
7     Reelect PricewaterhouseCoopers Audit as For       For          Management
      Auditor
8     Reelect Pierre Coll as Alternate        For       For          Management
      Auditor
9     Ratify Deloitte & Associes as Auditor   For       For          Management
10    Ratify BEAS as Alternate Auditor        For       For          Management
11    Authorize Repurchase of Up to 10        For       For          Management
      Percent of Issued Share Capital
12    Authorize Issuance of Bonds/Debentures  For       For          Management
      in the Aggregate Value of EUR 1 Billion
13    Authorize Issuance of Equity or         For       For          Management
      Equity-Linked Securities with
      Preemptive Rights up to Aggregate
      Nominal Amount of EUR 118 Million
14    Authorize Issuance of Equity or         For       For          Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate
      Nominal Amount of EUR 44 Million
15    Approve Issuance of Shares up to 20     For       For          Management
      Percent of Issued Capital Per Year for
      a Private Placement, up to Aggregate
      Nominal Amount of EUR 44 Million
16    Authorize Board to Increase Capital in  For       For          Management
      the Event of Additional Demand Related
      to Delegation Submitted to Shareholder
      Vote Above
17    Authorize Capitalization of Reserves of For       For          Management
      Up to EUR 80 Million for Bonus Issue or
      Increase in Par Value
18    Authorize Capital Increase of up to 10  For       For          Management
      Percent of Issued Capital for Future
      Exchange Offers and Future Acquisitions
19    Approve Employee Stock Purchase Plan    For       For          Management
20    Approve Reduction in Share Capital via  For       For          Management
      Cancellation of Repurchased Shares
21    Set Global Limit for Capital Increase   For       For          Management
      to Result from Issuance Requests Under
      Items 13, 14, 15, 16 and 18 Above at
      EUR 118 Million
22    Authorize Filing of Required            For       For          Management
      Documents/Other Formalities


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CRH PLC

Ticker:       CRG            Security ID:  G25508105
Meeting Date: MAY 5, 2010    Meeting Type: Annual
Record Date:  MAY 3, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       For          Management
      Statutory Reports
2     Approve Dividends                       For       For          Management
3     Approve Remuneration Report             For       For          Management
4a    Reelect U-H. Felcht as Director         For       For          Management
4b    Reelect D.N. O'Connor as Director       For       For          Management
4c    Reelect W.I. O'Mahony as Director       For       For          Management
4d    Reelect J.W. Kennedy as Director        For       For          Management
5     Authorize Board to Fix Remuneration of  For       For          Management
      Auditors
6     Authorize Issuance of Equity or         For       For          Management
      Equity-Linked Securities without
      Preemptive Rights
7     Authorize Share Repurchase Program      For       For          Management
8     Authorize Reissuance of Treasury Shares For       For          Management
9     Authorise the Company to Call EGM with  For       For          Management
      Two Weeks' Notice
10    Approve Share Option Scheme             For       For          Management
11    Approve Savings-Related Share Option    For       For          Management
      Scheme
12    Amend Articles Re: Editorial Changes    For       For          Management


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

DAIMLER AG

Ticker:       DAI            Security ID:  D1668R123
Meeting Date: APR 14, 2010   Meeting Type: Annual
Record Date:  APR 6, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Receive Financial Statements and        None      None         Management
      Statutory Reports for Fiscal 2009
      (Non-Voting)
2     Approve Discharge of Management Board   For       For          Management
      for Fiscal 2009
3     Approve Discharge of Supervisory Board  For       For          Management
      for Fiscal 2009
4     Approve Remuneration System for         For       For          Management
      Management Board Members
5     Ratify KPMG AG  as Auditors for Fiscal  For       For          Management
      2010
6     Authorize Share Repurchase Program and  For       For          Management
      Reissuance or Cancellation of
      Repurchased Shares
7     Authorize Use of Financial Derivatives  For       For          Management
      when Repurchasing Shares
8     Elect Paul Achleitner to the            For       For          Management
      Supervisory Board
9     Amend Articles Re: New German           For       For          Management
      Legislation (Law on Transposition of EU
      Shareholder's Rights Directive)
10    Amend Articles Re: Board-Related        For       For          Management
11    Approve Issuance of Warrants/Bonds with For       For          Management
      Warrants Attached/Convertible Bonds
      with Partial Exclusion of Preemptive
      Rights up to Aggregate Nominal Amount
      of EUR 10 Billion; Approve Creation of
      EUR 500 Million Pool of Capital to
      Guarantee Conversion Rights


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

DANONE

Ticker:       BN             Security ID:  F12033134
Meeting Date: APR 22, 2010   Meeting Type: Annual/Special
Record Date:  APR 19, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Financial Statements and        For       For          Management
      Statutory Reports
2     Accept Consolidated Financial           For       For          Management
      Statements and Statutory Reports
3     Approve Allocation of Income and        For       For          Management
      Dividends of EUR 1.20 per Share
4     Reelect Franck Riboud as Director       For       Against      Management
5     Reelect Emmanuel Faber as Director      For       For          Management
6     Reelect PricewaterhouseCoopers Audit as For       For          Management
      Auditor
7     Ratify Ernst & Young et Autres as       For       For          Management
      Auditor
8     Ratify Yves Nicolas as Alternate        For       For          Management
      Auditor
9     Ratify Auditex as Alternate Auditor     For       For          Management
10    Approve Auditors' Special Report        For       For          Management
      Regarding Related-Party Transactions
11    Approve Transaction with Franck Riboud  For       For          Management
12    Approve Transaction with Emmanuel Faber For       For          Management
13    Approve Transaction with Bernard Hours  For       For          Management
14    Authorize Repurchase of Up to 10        For       For          Management
      Percent of Issued Share Capital
15    Authorize up to 0.4 Percent of Issued   For       For          Management
      Capital for Use in Restricted Stock
      Plan
16    Amend Stock Ownership Limitations       For       For          Management
17    Authorize Filing of Required            For       For          Management
      Documents/Other Formalities


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

DEUTSCHE LUFTHANSA AG

Ticker:       LHA            Security ID:  D1908N106
Meeting Date: APR 29, 2010   Meeting Type: Annual
Record Date:  APR 12, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Receive Financial Statements and        None      None         Management
      Statutory Reports for Fiscal 2009
      (Non-Voting)
2     Approve Remuneration System for         For       For          Management
      Management Board Members
3     Approve Discharge of Management Board   For       For          Management
      for Fiscal 2009
4     Approve Discharge of Supervisory Board  For       For          Management
      for Fiscal 2009
5.1   Elect Martin Koehler as Supervisory     For       For          Management
      Board Members
5.2   Elect Robert Kimmitt as Supervisory     For       For          Management
      Board Members
5.3   Elect Herbert Hainer as Supervisory     For       For          Management
      Board Members
6     Authorize Share Repurchase Program and  For       For          Management
      Reissuance or Cancellation of
      Repurchased Shares
7     Approve Creation of EUR 561.2 Million   For       For          Management
      Pool of Capital without Preemptive
      Rights
8     Amend Articles Re: Supervisory Board    For       For          Management
      Compensation; Location of General
      Meeting; Compliance with New German
      Legislation (Law on Transposition of EU
      Shareholder's Rights Directive)
9     Ratify PricewaterhouseCoopers AG as     For       For          Management
      Auditors for Fiscal 2010


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

DEUTSCHE TELEKOM AG

Ticker:       DTE            Security ID:  D2035M136
Meeting Date: NOV 19, 2009   Meeting Type: Special
Record Date:  NOV 3, 2009

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Spin-Off and Takeover Agreement For       For          Management
      Concluded on September 3, 2009 with
      T-Mobile Deutschland GmbH


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

DEUTSCHE TELEKOM AG

Ticker:       DTE            Security ID:  D2035M136
Meeting Date: MAY 3, 2010    Meeting Type: Annual
Record Date:  APR 13, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Receive Financial Statements and        None      None         Management
      Statutory Reports for Fiscal 2009
      (Non-Voting)
2     Approve Allocation of Income and        For       For          Management
      Dividends of EUR 0.78 per Share
3     Approve Discharge of Management Board   For       For          Management
      for Fiscal 2009
4     Postpone Discharge of Former            For       For          Management
      Supervisory Board Member Klaus
      Zumwinkel for Fiscal 2008
5     Approve Discharge of Supervisory Board  For       For          Management
      for Fiscal 2009
6     Approve Remuneration System for         For       For          Management
      Management Board Members
7     Ratify PricewaterhouseCoopers AG and    For       For          Management
      Ernst & Young GmbH as Auditors for
      Fiscal 2010
8     Authorize Share Repurchase Program and  For       For          Management
      Reissuance or Cancellation of
      Repurchased Shares
9     Elect Wulf Bernotat to the Supervisory  For       For          Management
      Board
10    Elect Ulrich Middelmann to the          For       For          Management
      Supervisory Board
11    Approve Affiliation Agreement with      For       For          Management
      Subsidiary Erste DFMG Deutsche Funkturm
      Vermoegens-GmbH
12    Approve Affiliation Agreement with      For       For          Management
      Subsidiary T-Mobile Global Holding Nr.2
      GmbH
13    Approve Issuance of Warrants/Bonds with For       For          Management
      Warrants Attached/Convertible Bonds
      without Preemptive Rights up to
      Aggregate Nominal Amount of EUR 6.5
      Billion; Approve Creation of EUR 1.1
      Billion Pool of Capital to Guarantee
      Conversion Rights
14    Approve Remuneration of Supervisory     For       For          Management
      Board
15    Amend Corporate Purpose                 For       For          Management
16    Amend Articles Re: Convocation of       For       For          Management
      General Meeting due to New German
      Legislation (Law on Transposition of EU
      Shareholder's Rights Directive)
17    Amend Articles Re: Audio and Video      For       For          Management
      Transmission of the General Meeting due
      to New German Legislation (Law on
      Transposition of EU Shareholder's
      Rights Directive)
18    Amend Articles Re: Electronic           For       For          Management
      Participation in General Meeting due to
      New German Legislation (Law on
      Transposition of EU Shareholder's
      Rights Directive)
19    Amend Articles Re: Exercise of Voting   For       For          Management
      Rights at General Meeting due to New
      German Legislation (Law on
      Transposition of EU Shareholder's
      Rights Directive)


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

ELECTROLUX AB

Ticker:       ELUX B         Security ID:  W24713120
Meeting Date: MAR 30, 2010   Meeting Type: Annual
Record Date:  MAR 24, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Marcus Wallenberg as Chairman of  For       Did Not Vote Management
      Meeting
2     Prepare and Approve List of             For       Did Not Vote Management
      Shareholders
3     Approve Agenda of Meeting               For       Did Not Vote Management
4     Designate Inspector(s) of Minutes of    For       Did Not Vote Management
      Meeting
5     Acknowledge Proper Convening of Meeting For       Did Not Vote Management
6     Receive Financial Statements and        None      Did Not Vote Management
      Statutory Reports; Receive Auditor's
      Report
7     Receive President's Report              None      Did Not Vote Management
8     Approve Financial Statements and        For       Did Not Vote Management
      Statutory Reports
9     Approve Discharge of Board and          For       Did Not Vote Management
      President
10    Approve Allocation of Income and        For       Did Not Vote Management
      Dividends of SEK 4.00 per Share
11    Determine Number of Members (10) and    For       Did Not Vote Management
      Deputy Members of Board (0); Receive
      Nomination Committee Report
12    Approve Remuneration of Board in the    For       Did Not Vote Management
      Amount of SEK 1.6 Million for Chairman,
      SEK 550,000 for Deputy Chairman, and
      SEK 475,000 for Other Board Members;
      Approve Remuneration for Committee
      Work; Approve Remuneration of Auditors
13    Reelect Marcus Wallenberg (Chair),      For       Did Not Vote Management
      Peggy Bruzelius, Torben Sorensen, Hasse
      Johansson, John Lupo, Barbara
      Thoralfsson, Johan Molin, Hans
      Straberg, and Caroline Sundewall as
      Directors; Elect Lorna Davis as a New
      Director
14    Ratify PricewaterhouseCoopers AB as     For       Did Not Vote Management
      Auditors
15    Authorize Board Chairman, One           For       Did Not Vote Management
      Additional Director, and
      Representatives of Company's Four
      Largest Shareholders to Serve on
      Nominating Committee
16    Approve Remuneration Policy And Other   For       Did Not Vote Management
      Terms of Employment For Executive
      Management
17    Approve Restricted Stock Plan for Key   For       Did Not Vote Management
      Employees
18a   Authorize Repurchase Up to a Holding of For       Did Not Vote Management
      Ten Percent of Issued Share Capital
18b   Approve Reissuance of Repurchased       For       Did Not Vote Management
      Shares to Cover Expenses Connected with
      Company Acquisitions
18c   Approve Reissuance of 3.0 Million       For       Did Not Vote Management
      Repurchased Class B Shares to Cover
      Expenses Connected to the 2003 Stock
      Option Plan and the Electrolux Share
      Program 2008
18d   Approve Reissuance of 1.5 Million       For       Did Not Vote Management
      Repurchased Class B Shares to Cover
      Expenses Connected to the Electrolux
      Share Program 2010
19    Close Meeting                           None      Did Not Vote Management


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

ESSILOR INTERNATIONAL

Ticker:       EI             Security ID:  F31668100
Meeting Date: MAY 11, 2010   Meeting Type: Annual/Special
Record Date:  MAY 6, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Financial Statements and        For       For          Management
      Discharge Directors
2     Approve Consolidated Financial          For       For          Management
      Statements and Discharge Directors
3     Approve Allocation of Income and        For       For          Management
      Dividends of EUR 0.70 per Share
4     Approve Transaction with Hubert         For       For          Management
      Sagnieres Re: Severance Payments
5     Approve Auditors' Special Report        For       Against      Management
      Regarding Related-Party Transactions
6     Elect Yi He as Representative of        For       Against      Management
      Employee Shareholders to the Board
7     Reelect Xavier Fontanet as Director     For       Against      Management
8     Reelect Yves Chevillotte as Director    For       For          Management
9     Reelect Yves Gillet as Director         For       Against      Management
10    Elect Mireille Faugere as Director      For       Against      Management
11    Approve Remuneration of Directors in    For       For          Management
      the Aggregate Amount of EUR 525,000
12    Authorize Repurchase of Up to 10        For       For          Management
      Percent of Issued Share Capital
13    Approve Reduction in Share Capital via  For       For          Management
      Cancellation of Repurchased Shares
14    Approve Employee Stock Purchase Plan    For       For          Management
15    Authorize up to 3 Percent of Issued     For       Against      Management
      Capital for Use in Stock Option Plan
      (New Shares)
16    Authorize up to 3 Percent of Issued     For       Against      Management
      Capital for Use in Restricted Stock
      Plan
17    Set Global Limit for Capital Increases  For       For          Management
      Resulting from Items 15 and 16 at 3
      Percent of Issued Capital
18    Authorize Issuance of Equity or         For       Against      Management
      Equity-Linked Securities with
      Preemptive Rights up to One Third of
      the Issued Capital
19    Authorize Board to Increase Capital in  For       Against      Management
      the Event of Additional Demand Related
      to Delegation Submitted to Shareholder
      Vote Under Item 18
20    Approve Issuance of Debt Securities     For       Against      Management
      Convertible into Shares without
      Preemptive Rights
21    Authorize Board to Increase Capital in  For       Against      Management
      the Event of Additional Demand Related
      to Delegation Submitted to Shareholder
      Vote Under Item 20
22    Authorize Capitalization of Reserves of For       For          Management
      Up to EUR 500 Million for Bonus Issue
      or Increase in Par Value
23    Authorize Capital Increase of up to 10  For       For          Management
      Percent of Issued Capital for Future
      Acquisitions
24    Authorize Board to Issue Free Warrants  For       For          Management
      During a Public Tender Offer
25    Amend Article 12 of Bylaws Re: Board of For       For          Management
      Directors Composition
26    Amend Articles 12 and 14 of Bylaws Re:  For       For          Management
      Directors Length of Term
27    Amend Article 24 of Bylaws Re: General  For       Against      Management
      Meeting Convening and Quorum
      Requirements
28    Authorize Filing of Required            For       For          Management
      Documents/Other Formalities


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

GDF SUEZ

Ticker:       GSZ            Security ID:  F42768105
Meeting Date: MAY 3, 2010    Meeting Type: Annual/Special
Record Date:  APR 28, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Financial Statements and        For       For          Management
      Statutory Reports
2     Accept Consolidated Financial           For       For          Management
      Statements and Statutory Reports
3     Approve Allocation of Income and        For       For          Management
      Dividends of EUR 1.47 per Share
4     Approve Auditors' Special Report        For       For          Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to 10        For       For          Management
      Percent of Issued Share Capital
6     Authorize Issuance of Equity or         For       For          Management
      Equity-Linked Securities with
      Preemptive Rights up to Aggregate
      Nominal Amount of EUR 250 Million
7     Authorize Issuance of Equity or         For       For          Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate
      Nominal Amount of EUR 250 Million
8     Approve Issuance of Shares up to 20     For       For          Management
      Percent of Issued Capital Per Year for
      a Private Placement, up to Aggregate
      Nominal Amount of EUR 250 Million
9     Authorize Board to Increase Capital in  For       For          Management
      the Event of Additional Demand Related
      to Delegation Submitted to Shareholder
      Vote Above Under Items 6, 7 and 8
10    Authorize Capital Increase of up to 10  For       For          Management
      Percent of Issued Capital for Future
      Acquisitions
11    Approve Employee Stock Purchase Plan    For       For          Management
12    Approve Employee Stock Purchase Plan    For       For          Management
      for International Employees
13    Set Global Limit for Capital Increase   For       For          Management
      to Result from All Issuance Requests
      under Items 6 to 12 at EUR 310 Million
14    Authorize Capitalization of Reserves    For       For          Management
      for Bonus Issue or Increase in Par
      Value
15    Approve Reduction in Share Capital via  For       For          Management
      Cancellation of Repurchased Shares
16    Authorize up to 0.5 Percent of Issued   For       For          Management
      Capital for Use in Stock Option Plan
17    Authorize up to 0.5 Percent of Issued   For       Against      Management
      Capital for Use in Restricted Stock
      Plan
18    Authorize Filing of Required            For       For          Management
      Documents/Other Formalities
A     Approve Dividends of EUR 0.80 per Share Against   Against      Shareholder


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

HEIDELBERGCEMENT AG (FRMLY HEIDELBERGER ZEMENT AG)

Ticker:       HEI            Security ID:  D31709104
Meeting Date: MAY 6, 2010    Meeting Type: Annual
Record Date:  APR 15, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Receive Financial Statements and        None      None         Management
      Statutory Reports for Fiscal 2009
      (Non-Voting)
2     Approve Allocation of Income and        For       For          Management
      Dividends of EUR 0.12 per Share
3.1   Approve Discharge of Management Board   For       For          Management
      Member Bernd Scheifele for Fiscal 2009
3.2   Approve Discharge of Management Board   For       For          Management
      Member Dominik von Achten for Fiscal
      2009
3.3   Approve Discharge of Management Board   For       For          Management
      Member Daniel Gauthier for Fiscal 2009
3.4   Approve Discharge of Management Board   For       For          Management
      Member Andreas Kern for Fiscal 2009
3.5   Approve Discharge of Management Board   For       For          Management
      Member Lorenz Naeger for Fiscal 2009
3.6   Approve Discharge of Management Board   For       For          Management
      Member Albert Scheuer for Fiscal 2009
4.1   Approve Discharge of Supervisory Board  For       For          Management
      Member Fritz-Juergen Heckmann for
      Fiscal 2009
4.2   Approve Discharge of Supervisory Board  For       For          Management
      Member Heinz Schirmer for Fiscal 2009
4.3   Approve Discharge of Supervisory Board  For       For          Management
      Member Heinz Schmitt for Fiscal 2009
4.4   Approve Discharge of Supervisory Board  For       For          Management
      Member Theo Beermann for Fiscal 2009
4.5   Approve Discharge of Supervisory Board  For       For          Management
      Member Robert Feiger for Fiscal 2009
4.6   Approve Discharge of Supervisory Board  For       For          Management
      Member Veronika Fuess for Fiscal 2009
4.7   Approve Discharge of Supervisory Board  For       For          Management
      Member Josef Heumann for Fiscal 2009
4.8   Approve Discharge of Supervisory Board  For       For          Management
      Member Gerhard Hirth for Fiscal 2009
4.9   Approve Discharge of Supervisory Board  For       For          Management
      Member Max Kley for Fiscal 2009
4.10  Approve Discharge of Supervisory Board  For       For          Management
      Member Hans Kraut for Fiscal 2009
4.11  Approve Discharge of Supervisory Board  For       For          Management
      Member Adolf Merckle for Fiscal 2009
4.12  Approve Discharge of Supervisory Board  For       For          Management
      Member Ludwig Merckle for Fiscal 2009
4.13  Approve Discharge of Supervisory Board  For       For          Management
      Member Tobias Merckle for Fiscal 2009
4.14  Approve Discharge of Supervisory Board  For       For          Management
      Member Eduard Schleicher for Fiscal
      2009
4.15  Approve Discharge of Supervisory Board  For       For          Management
      Member Werner Schraeder for Fiscal 2009
4.16  Approve Discharge of Supervisory Board  For       For          Management
      Member Frank-Dirk Steininger for Fiscal
      2009
5     Ratify Ernst & Young GmbH as Auditors   For       For          Management
      for Fiscal 2010
6     Approve Creation of EUR 225 Million     For       Against      Management
      Pool of Capital with Partial Exclusion
      of Preemptive Rights
7     Approve Creation of EUR 56.1 Million    For       Against      Management
      Pool of Capital without Preemptive
      Rights
8     Approve Issuance of Warrants/Bonds with For       Against      Management
      Warrants Attached/Convertible Bonds
      without Preemptive Rights up to
      Aggregate Nominal Amount of EUR 3
      Billion; Approve Creation of EUR 168.8
      Million Pool of Capital to Guarantee
      Conversion Rights
9     Approve Remuneration System for         For       Against      Management
      Management Board Members
10.1  Elect Alan Murray to the Supervisory    For       For          Management
      Board
10.2  Elect Herbert Luetkestratkoetter to the For       For          Management
      Supervisory Board
11.1  Amend Articles Re: Nomination Committee For       For          Management
11.2  Approve Remuneration of Supervisory     For       For          Management
      Board
12.1  Amend Articles Re: Registration for     For       For          Management
      General Meeting due to New German
      Legislation (Law on Transposition of EU
      Shareholder's Rights Directive)
12.2  Amend Articles Re: Electronic and       For       For          Management
      Postal Voting for General Meeting due
      to New German Legislation (Law on
      Transposition of EU Shareholder's
      Rights Directive)
12.3  Amend Articles Re: Video and Audio      For       For          Management
      Transmission of General Meeting due to
      New German Legislation (Law on
      Transposition of EU Shareholder's
      Rights Directive)
12.4  Amend Articles Re: Delete Redunant      For       For          Management
      Paragraph with Identical Content to a
      Section of the Supervisory Board
      Statutes


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

HELVETIA HOLDING AG (FRMLY HELVETIA PATRIA HOLDING)

Ticker:       HELN           Security ID:  H35927120
Meeting Date: APR 16, 2010   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       For          Management
      Statutory Reports
2     Approve Discharge of Board and Senior   For       For          Management
      Management
3     Approve Allocation of Income and        For       For          Management
      Dividends of CHF 14.50 per Share
4     Amend Articles Re: Share Certificates   For       For          Management
      and Conversion of Shares due to New
      Swiss Federal Act  on Intermediated
      Securities, Contributions in Kind
5     Reelect Christoph Lechner, Erich        For       Against      Management
      Walser, and Urs Widmer as Directors
6     Ratify KPMG AG as Auditors              For       For          Management


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HENKEL AG & CO. KGAA (FORMERLY HENKEL KGAA)

Ticker:       HEN            Security ID:  D32051126
Meeting Date: APR 19, 2010   Meeting Type: Special
Record Date:  MAR 29, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Receive Information on Resolution of    None      None         Management
      Ordinary General Meeting to Create EUR
      25.6 Million Pool of Capital with
      Partial Exclusion of Preemptive Rights
      (Non-Voting)
2     Approve Creation of EUR 25.6 Million    For       For          Management
      Pool of Capital with Partial Exclusion
      of Preemptive Rights


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

IBERDROLA RENOVABLES SA

Ticker:       IBR            Security ID:  E6244B103
Meeting Date: JUN 9, 2010    Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Individual and Consolidated      For       For          Management
      Financial Statements and Statutory
      Reports for Fiscal Year Ended Dec. 31,
      2009
2     Approve Individual and Consolidated     For       For          Management
      Management Reports for Fiscal Year
      Ended Dec. 31, 2009
3     Approve Discharge of Directors          For       For          Management
4     Re-elect External Auditor of Individual For       For          Management
      and Consolidated Accounts for Fiscal
      Year 2010
5     Approve Allocation of Income and        For       For          Management
      Distribution of Dividends Corresponding
      to Fiscal Year Ended Dec. 31, 2009
6.1   Ratify Appointment of Emilio Ontiveros  For       For          Management
      Baeza as an Independent Director
6.2   Ratify Appointment of Manuel Amigo      For       For          Management
      Mateos as an Independent Director
6.3   Ratify Appointment of Juan Manuel       For       For          Management
      Gonzalez  Serna as an Independent
      Director
6.4   Ratify Appointment of Gustavo Buesa     For       For          Management
      Ibanez as an Independent Director
7     Authorize Repurchase of Shares; Void    For       For          Management
      Previous Authorization to the Extent of
      Unused Portion
8     Authorize Board to Establish and Fund   For       For          Management
      Associations and Foundations; Void
      Previous Authorization to the Extent of
      Unused Portion
9     Amend Articles 9, 43 and 53 of the      For       For          Management
      Company Bylaws
10    Amend and Approve New Text of General   For       For          Management
      Meeting Guidelines
11    Authorize Board to Ratify and Execute   For       For          Management
      Approved Resolutions


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

ING GROEP NV

Ticker:       IBLGF          Security ID:  N4578E413
Meeting Date: NOV 25, 2009   Meeting Type: Special
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Open Meeting and Receive Announcements  None      None         Management
2a    Receive Announcements on Strategy       None      None         Management
      (non-voting)
2b    Approve Strategy Change Re: Divestment  For       For          Management
      from Insurance Operations
3     Grant Board Authority to Issue Shares   For       For          Management
      for un Amount Up to EUR 7,500,000,000
4     Close Meeting                           None      None         Management


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

LANXESS AG

Ticker:       LXS            Security ID:  D5032B102
Meeting Date: MAY 28, 2010   Meeting Type: Annual
Record Date:  MAY 7, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Receive Financial Statements and        None      None         Management
      Statutory Reports for Fiscal 2009
      (Non-Voting)
2     Approve Allocation of Income and        For       For          Management
      Dividends of EUR 0.50 per Share
3     Approve Discharge of Management Board   For       For          Management
      for Fiscal 2009
4     Approve Discharge of Supervisory Board  For       For          Management
      for Fiscal 2009
5     Approve Remuneration System for         For       For          Management
      Management Board Members
6     Ratify PricewaterhouseCoopers AG as     For       For          Management
      Auditors for Fiscal 2010
7.1   Reelect Friedrich Janssen to the        For       For          Management
      Supervisory Board
7.2   Reelect Robert Koehler to the           For       Against      Management
      Supervisory Board
7.3   Reelect Rainer Laufs to the Supervisory For       For          Management
      Board
7.4   Reelect Ulrich Middelmann to the        For       For          Management
      Supervisory Board
7.5   Reelect Rolf Stomberg to the            For       For          Management
      Supervisory Board
7.6   Elect Theo Walthie to the Supervisory   For       For          Management
      Board
8     Authorize Share Repurchase Program and  For       For          Management
      Reissuance or Cancellation of
      Repurchased Shares
9     Approve Creation of EUR 16.6 Million    For       For          Management
      Pool of Capital without Preemptive
      Rights
10    Amend Articles Re: Convocation of,      For       For          Management
      Registration for, Voting Rights
      Representation at, Electronic/Postal
      Voting at, and Audio/Video Transmission
      of General Meeting due to New German
      Legislation (Law on Transposition of EU
      Shareholder's Rights Directive)


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

LINDE AG

Ticker:       LIN            Security ID:  D50348107
Meeting Date: MAY 4, 2010    Meeting Type: Annual
Record Date:  APR 13, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Receive Financial Statements and        None      None         Management
      Statutory Reports for Fiscal 2009
      (Non-Voting)
2     Approve Allocation of Income and        For       For          Management
      Dividends of EUR 1.80 per Share
3     Approve Discharge of Management Board   For       For          Management
      for Fiscal 2009
4     Approve Discharge of Supervisory Board  For       For          Management
      for Fiscal 2009
5     Approve Remuneration System for         For       For          Management
      Management Board Members
6     Ratify KPMG AG as Auditors for Fiscal   For       For          Management
      2009
7     Authorize Share Repurchase Program and  For       For          Management
      Reissuance or Cancellation of
      Repurchased Shares
8     Approve Creation of EUR 20 Million Pool For       For          Management
      of Capital without Preemptive Rights
9     Approve Issuance of Warrants/Bonds with For       For          Management
      Warrants Attached/Convertible Bonds
      with Partial Exclusion of Preemptive
      Rights up to Aggregate Nominal Amount
      of EUR 2.5 Billion; Approve Creation of
      EUR 85 Million Pool of Capital to
      Guarantee Conversion Rights
10    Amend Articles Re: Convocation of,      For       For          Management
      Registration for, Voting Rights
      Representation at, and Participation in
      General Meeting due to New German
      Legislation (Law on Transposition of EU
      Shareholder's Rights Directive)


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

LVMH MOET HENNESSY LOUIS VUITTON

Ticker:       MC             Security ID:  F58485115
Meeting Date: APR 15, 2010   Meeting Type: Annual/Special
Record Date:  APR 12, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Financial Statements and        For       For          Management
      Statutory Reports
2     Accept Consolidated Financial           For       For          Management
      Statements and Statutory Reports
3     Approve Auditors' Special Report        For       Against      Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and        For       For          Management
      Dividends of EUR 1.60 per Share
5     Reelect Bernard Arnault as Director     For       Against      Management
6     Reelect Delphine Arnault as Director    For       Against      Management
7     Reelect Nicholas Clive Worms as         For       Against      Management
      Director
8     Reelect Patrick Houel as Director       For       Against      Management
9     Reelect Felix G. Rohatyn as Director    For       Against      Management
10    Reelect Hubert Vedrine as Director      For       For          Management
11    Elect Helene Carrere d' Encausse as     For       For          Management
      Director
12    Reelect Kilian Hennesy as Censor        For       Against      Management
13    Reelect Deloitte & Associes as Auditor  For       For          Management
14    Ratify Ernst & Young Audit as Auditor   For       For          Management
15    Reelect Denis Grison as Alternate       For       For          Management
      Auditor
16    Ratify Auditex as Alternate Auditor     For       For          Management
17    Authorize Repurchase of Up to 10        For       For          Management
      Percent of Issued Share Capital
18    Approve Reduction in Share Capital via  For       For          Management
      Cancellation of Repurchased Shares


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

RHEINMETALL AG

Ticker:       RHM            Security ID:  D65111102
Meeting Date: MAY 11, 2010   Meeting Type: Annual
Record Date:  APR 20, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Receive Financial Statements and        None      None         Management
      Statutory Reports for Fiscal 2009
      (Non-Voting)
2     Approve Allocation of Income and        For       For          Management
      Dividends of EUR 0.30 per Share
3     Approve Discharge of Management Board   For       For          Management
      for Fiscal 2009
4     Approve Discharge of Supervisory Board  For       For          Management
      for Fiscal 2009
5     Ratify PricewaterhouseCoopers AG as     For       For          Management
      Auditors for Fiscal 2010
6     Authorize Share Repurchase Program and  For       For          Management
      Reissuance or Cancellation of
      Repurchased Shares
7     Approve Creation of EUR 50 Million Pool For       For          Management
      of Capital with Partial Exclusion of
      Preemptive Rights
8     Approve Issuance of Warrants/Bonds with For       For          Management
      Warrants Attached/Convertible Bonds
      with Partial Exclusion of Preemptive
      Rights up to Aggregate Nominal Amount
      of EUR 750 Million; Approve Creation of
      EUR 20 Million Pool of Capital to
      Guarantee Conversion Rights
9     Amend Articles Re: New German           For       For          Management
      Legislation (Law on Transposition of EU
      Shareholder's Rights Directive)


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

SBM OFFSHORE NV

Ticker:       SBMO           Security ID:  N7752F148
Meeting Date: APR 14, 2010   Meeting Type: Annual
Record Date:  MAR 24, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Open Meeting                            None      None         Management
2     Receive Report of Management Board      None      None         Management
      (Non-Voting)
3     Receive Report of Supervisory Board     None      None         Management
      (Non-Voting)
4.1   Approve Financial Statements and        For       For          Management
      Statutory Reports
4.2   Approve Dividends of USD 0.67 Per Share For       For          Management
5.1   Discussion on Company's Corporate       None      None         Management
      Governance Structure
5.2   Approve Remuneration of Supervisory     For       For          Management
      Board
6.1   Approve Discharge of Management Board   For       For          Management
6.2   Approve Discharge of Supervisory Board  For       For          Management
7     Ratify KPMG Accountants N.V. as         For       For          Management
      Auditors
8.1   Grant Board Authority to Issue Shares   For       For          Management
      up to 10 Percent of Issued Capital Plus
      Additional 10 Percent in Case of
      Takeover/Merger
8.2   Authorize Board to Exclude Preemptive   For       For          Management
      Rights from Issuance Under Item 8.1
9     Authorize Repurchase of Up to Ten       For       For          Management
      Percent of Issued Share Capital
10.1  Resignation of L.J.A.M. Ligthart as     None      None         Management
      Supervisory Board Member and as Vice
      -Chairman
10.2  Elect F.J.G.M. Cremers to Supervisory   For       For          Management
      Board
11    Other Business and Allow Questions      None      None         Management
      (Non-Voting)
12    Close Meeting                           None      None         Management


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

SIKA AG (FORMERLY SIKA FINANZ AG)

Ticker:       SIK            Security ID:  H7631K158
Meeting Date: APR 20, 2010   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       For          Management
      Statutory Reports, Including
      Remuneration Report
2     Approve Allocation of Income and        For       For          Management
      Dividends of CHF 7.50 per Registered
      Share and CHF 45 per Bearer Share
3     Approve Discharge of Board and Senior   For       For          Management
      Management
4.1   Amend Articles Re: Share Certificates   For       For          Management
      and Conversion of Shares due to New
      Swiss Federal Act  on Intermediated
      Securities
4.2   Amend Articles Re: Remove Shareholding  For       For          Management
      Requirement for Board Members, Delete
      References to Group Auditors
5.1   Reelect Thomas Bechtler, Walter         For       Against      Management
      Grueebler, and Christoph Tobler as
      Directors
5.2   Elect Willi Leimer as Director          For       For          Management
5.3   Ratify Ernst & Young AG as Auditors     For       For          Management
6     Transact Other Business (Non-Voting)    None      None         Management


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

SKANSKA AB

Ticker:       SKA B          Security ID:  W83567110
Meeting Date: APR 13, 2010   Meeting Type: Annual
Record Date:  APR 7, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Open Meeting                            None      Did Not Vote Management
2     Elect Sven Unger as Chairman of Meeting For       Did Not Vote Management
3     Prepare and Approve List of             For       Did Not Vote Management
      Shareholders
4     Approve Agenda of Meeting               For       Did Not Vote Management
5     Designate Inspector(s) of Minutes of    For       Did Not Vote Management
      Meeting
6     Acknowledge Proper Convening of Meeting For       Did Not Vote Management
7     Receive Chairman's and CEO's Reviews    None      Did Not Vote Management
8     Receive Financial Statements and        None      Did Not Vote Management
      Statutory Reports; Receive Auditor's
      Report
9     Approve Financial Statements and        For       Did Not Vote Management
      Statutory Reports
10    Approve Allocation of Income and        For       Did Not Vote Management
      Dividends of SEK 6.25 Per Share
11    Approve Discharge of Board and          For       Did Not Vote Management
      President
12    Determine Number of Members (9) and     For       Did Not Vote Management
      Deputy Members (0) of Board
13    Approve Remuneration of Directors in    For       Did Not Vote Management
      the Amount of SEK 1.35 Million for
      Chairman, and SEK 450,000 for Other
      Non-executive Directors; Approve
      Compensation for Committee Work;
      Approve Remuneration of Auditors
14    Reelect Finn Johnsson, Johan Karlstrom, For       Did Not Vote Management
      Stuart Graham, Sverker Martin-Lof
      (Chair), Adrian Montague, Lars
      Pettersson, and Matti Sundberg as
      Directors; Elect Josephine
      Rydberg-Dumont and Charlotte Stromberg
      as New Directors
15    Authorize Chairman of Board and         For       Did Not Vote Management
      Representatives of Four or Five of
      Company's Largest Shareholders to Serve
      on Nominating Committee
16    Approve Remuneration Policy And Other   For       Did Not Vote Management
      Terms of Employment For Executive
      Management
17    Authorize Repurchase of up to 4.5       For       Did Not Vote Management
      Million Class B Shares in Connection
      with 2008/2010 Employee Ownership
      Program
18a   Approve 2011/2013 Employee Ownership    For       Did Not Vote Management
      Program (Share Matching Plan) for Key
      Employees
18b   Authorize Repurchase of up to 4.5       For       Did Not Vote Management
      Million Class B Shares and Authorize
      Reissuance of 11.2 Million Class B
      shares in Connection with 2011/2013
      Employee Ownership Program
18c   Approve Equity Swap Agreement with      For       Did Not Vote Management
      Third Party as Alternative to Item 18b
19    Close Meeting                           None      Did Not Vote Management


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

SNS REAAL NV

Ticker:       SR             Security ID:  N8126Z109
Meeting Date: APR 14, 2010   Meeting Type: Annual
Record Date:  MAR 24, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Open Meeting                            None      None         Management
2.a   Receive Report of Management Board      None      None         Management
      (Non-Voting)
2.b   Receive Report of Supervisory Board     None      None         Management
      (Non-Voting)
3     Discussion on Company's Corporate       None      None         Management
      Governance Structure
4     Approve Financial Statements and        For       For          Management
      Statutory Reports
5     Receive Explanation on Company's        None      None         Management
      Reserves and Dividend Policy
6     Approve Discharge of Management Board   For       For          Management
7     Approve Discharge of Supervisory Board  For       For          Management
8.a   Grant Board Authority to Issue Shares   For       For          Management
8.b   Authorize Board to Exclude Preemptive   For       For          Management
      Rights from Issuance under Item 8.b
9     Authorize Repurchase of Up to 10        For       For          Management
      Percent of Issued Share Capital
10a   Amend Articles of Association           For       For          Management
10.b  Authorize Board Members and De Brauw    For       For          Management
      Westbroek N.V. to Ratify and Execute
      Approved Resolutions
11    Allow Questions                         None      None         Management
12    Close Meeting                           None      None         Management


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

SOCIETE GENERALE

Ticker:       SOGN           Security ID:  F43638141
Meeting Date: MAY 25, 2010   Meeting Type: Annual/Special
Record Date:  MAY 20, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Financial Statements and        For       For          Management
      Statutory Reports
2     Approve Allocation of Income and        For       For          Management
      Dividends of EUR 0.25 per Share
3     Approve Stock Dividend Program          For       For          Management
4     Accept Consolidated Financial           For       For          Management
      Statements and Statutory Reports
5     Approve Auditors' Special Report        For       For          Management
      Regarding Ongoing Related-Party
      Transactions
6     Approve Ongoing Additional Pension      For       Against      Management
      Scheme Agreements for Daniel Bouton,
      Philippe Citerne, Didier Alix, and
      Severin Cabannes
7     Approve Additional Pension Scheme       For       For          Management
      Agreement for Jean-Francois Sammarcelli
8     Approve Additional Pension Scheme       For       For          Management
      Agreement for Bernardo Sanchez
9     Approve Non-Compete Agreement for       For       Against      Management
      Philippe Citerne
10    Renew Severance Payment Agreement for   For       Against      Management
      Frederic Oudea
11    Approve Ongoing Non-Compete Agreement   For       Against      Management
      for Frederic Oudea
12    Reelect Robert Castaigne as Director    For       For          Management
13    Reelect Gianemilio Osculati as Director For       For          Management
14    Elect one  Director                     None      None         Management
15    Authorize Repurchase of Up to 10        For       For          Management
      Percent of Issued Share Capital
16    Authorize Issuance of Equity or         For       For          Management
      Equity-Linked Securities with
      Preemptive Rights up to Aggregate
      Nominal Amount of EUR 460 Million;
      and/or Capitalization of Reserves of up
      to EUR 550 Million
17    Authorize Issuance of Equity or         For       For          Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate
      Nominal Amount of EUR 138 Million
18    Authorize Board to Increase Capital in  For       For          Management
      the Event of Additional Demand Related
      to Delegation Submitted to Shareholder
      Vote Under Items 16 and 17
19    Authorize Capital Increase of up to 10  For       For          Management
      Percent of Issued Capital for Future
      Acquisitions
20    Approve Employee Stock Purchase Plan    For       Against      Management
21    Authorize up to 4 Percent of Issued     For       Against      Management
      Capital for Use in Stock Option Plan
22    Authorize up to 4 Percent of Issued     For       Against      Management
      Capital for Use in Restricted Stock
      Plan
23    Approve Reduction in Share Capital via  For       For          Management
      Cancellation of Repurchased Shares
24    Amend Articles 4, 6, 7, 14, 15, 18,19,  For       For          Management
      20, and 21 of Bylaws to Remove All
      References to Preferred Stock (Class B)
      Subscribed by SPPE
25    Authorize Filing of Required            For       For          Management
      Documents/Other Formalities


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

SOFTWARE AG

Ticker:       SOW            Security ID:  D7045M133
Meeting Date: MAY 21, 2010   Meeting Type: Annual
Record Date:  APR 30, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Receive Financial Statements and        None      None         Management
      Statutory Reports for Fiscal 2009
      (Non-Voting)
2     Approve Allocation of Income and        For       For          Management
      Dividends of EUR X per Share
3     Approve Discharge of Management Board   For       For          Management
      for Fiscal 2009 and Discharge of Former
      Management Board Member Holger
      Friedrich for Fiscal 2008 and 2009
4     Approve Discharge of Supervisory Board, For       For          Management
      Including Former Management Board
      Member Frank Beelitz, for Fiscal 2009
5a    Amend Corporate Purpose                 For       For          Management
5b    Amend Articles Re: Electronic           For       For          Management
      Distribution of Company Communications
5c    Approve Increase in Size of Board to 12 For       For          Management
      Members in Accordance with German Law
      on Employee Co-Determination
5d    Amend Articles Re: New German           For       For          Management
      Legislation (Law on Transposition of EU
      Shareholder's Rights Directive)
6.1   Reelect Andreas Bereczky to the         For       For          Management
      Supervisory Board
6.2   Reelect Willi Berchtold to the          For       For          Management
      Supervisory Board
6.3   Reelect Otto Geidt to the Supervisory   For       For          Management
      Board
6.4   Elect Hermann Requardt to the           For       For          Management
      Supervisory Board
6.5   Elect Anke Schaeferkordt to the         For       For          Management
      Supervisory Board
6.6   Elect Alf Wulf to the Supervisory Board For       For          Management
7     Ratify BDO Deutsche Warentreuhand AG as For       For          Management
      Auditors for Fiscal 2010
8     Approve Remuneration System for         For       For          Management
      Management Board Members
9     Approve Issuance of Warrants/Bonds with For       For          Management
      Warrants Attached/Convertible Bonds
      without Preemptive Rights up to
      Aggregate Nominal Amount of EUR 500
      Million; Approve Creation of EUR 18
      Million Pool of Capital to Guarantee
      Conversion Rights
10    Approve Creation of EUR 750,000 Million For       For          Management
      Pool of Capital to Cover Outstanding
      IDS Scheer AG Conversion Rights in
      Preparation for  Merger
11    Authorize Share Repurchase Program and  For       For          Management
      Reissuance or Cancellation of
      Repurchased Shares
12    Approve Remuneration of Supervisory     For       For          Management
      Board


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

STADA ARZNEIMITTEL AG

Ticker:       SAZ            Security ID:  D76226113
Meeting Date: JUN 8, 2010    Meeting Type: Annual
Record Date:  MAY 24, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Receive Financial Statements and        None      None         Management
      Statutory Reports for Fiscal 2009
      (Non-Voting)
2     Approve Allocation of Income and        For       For          Management
      Dividends of EUR 0.55 per Share
3     Approve Discharge of Management Board   For       For          Management
      for Fiscal 2009
4     Approve Discharge of Supervisory Board  For       For          Management
      for Fiscal 2009
5     Receive Report on Remuneration System   None      None         Management
      (Non-Voting)
6     Ratify PKF Deutschland GmbH as Auditors For       For          Management
      for Fiscal 2010
7     Elect Carl Oetker to the Supervisory    For       For          Management
      Board
8a    Amend Articles Re: Electronic           For       For          Management
      Communication of Company Announcements
8b    Amend Articles Re: Rules of Procedure   For       For          Management
      of Management Board
8c    Amend Articles Re: Size and Composition For       For          Management
      of Supervisory Board
8d    Amend Articles Re: Convocation of       For       For          Management
      General Meeting due to New German
      Legislation (Transposition of EU
      Shareholder's Rights Directive)
8e    Amend Articles Re: Registration for and For       For          Management
      Voting Right Representation at General
      Meeting due to New German Legislation
      (Transposition of EU Shareholder's
      Rights Directive)
8f    Amend Articles Re: Audio and Video      For       For          Management
      Transmission of General Meeting  due to
      New German Legislation (Transposition
      of EU Shareholder's Rights Directive)
8g    Amend Articles Re: Access of            For       For          Management
      Shareholders to Company Documents
9     Authorize Share Repurchase Program and  For       Against      Management
      Reissuance or Cancellation of
      Repurchased Shares


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

TELEFONICA S.A.

Ticker:       TEF            Security ID:  879382109
Meeting Date: JUN 2, 2010    Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Individual and Consolidated     For       For          Management
      Financial Statements, Statutory
      Reports, Allocation of Income, and
      Discharge Directors for Fiscal Year
      2009
2     Approve Distribution of Dividend        For       For          Management
      Charged to Unrestricted Reserves
3     Authorize Repurchase of Shares          For       For          Management
4     Authorize Issuance of Convertible Bonds For       For          Management
      and Other Debt Securities Without
      Preemptive Rights
5     Reelect Auditors for Fiscal Year 2010   For       For          Management
6     Authorize Board to Ratify and Execute   For       For          Management
      Approved Resolutions


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

TOTAL SA

Ticker:       FP             Security ID:  F92124100
Meeting Date: MAY 21, 2010   Meeting Type: Annual/Special
Record Date:  MAY 18, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Financial Statements and        For       For          Management
      Statutory Reports
2     Accept Consolidated Financial           For       For          Management
      Statements and Statutory Reports
3     Approve Allocation of Income and        For       For          Management
      Dividends of EUR 2.28 per Share
4     Approve Auditors' Special Report        For       For          Management
      Regarding Related-Party Transactions
5     Approve Transaction with Christophe de  For       Against      Management
      Margerie Re: Severance Payment
6     Authorize Repurchase of Up to 10        For       For          Management
      Percent of Issued Share Capital
7     Reelect Thierry Desmarest as Director   For       For          Management
8     Reelect Thierry de Rudder as Director   For       Against      Management
9     Elect Gunnar Brock as Director          For       For          Management
10    Elect Claude Clement as Representative  For       For          Management
      of Employee Shareholders to the Board
11    Elect Philippe Marchandise as           Against   Against      Management
      Representative of Employee Shareholders
      to the Board
12    Elect Mohammed Zaki as Representative   Against   Against      Management
      of Employee Shareholders to the Board
13    Reelect Ernst & Young Audit as Auditor  For       For          Management
14    Reelect KPMG Audit as Auditor           For       For          Management
15    Ratify Auditex as Alternate Auditor     For       For          Management
16    Ratify KPMG Audit I.S. as Alternate     For       For          Management
      Auditor
17    Authorize Issuance of Equity or         For       For          Management
      Equity-Linked Securities with
      Preemptive Rights up to Aggregate
      Nominal Amount of EUR 2.5 Billion
18    Authorize Issuance of Equity or         For       For          Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate
      Nominal Amount of EUR 850 million
19    Authorize Capital Increase of up to 10  For       For          Management
      Percent of Issued Capital for Future
      Acquisitions
20    Approve Employee Stock Purchase Plan    For       For          Management
21    Authorize up to 0.1 Percent of Issued   For       For          Management
      Capital for Use in Stock Option Plan
A     Amend Article 9 of Bylaws Re: Mutual    Against   Against      Shareholder
      Fund


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

UNICREDIT SPA

Ticker:       UCG            Security ID:  T95132105
Meeting Date: NOV 16, 2009   Meeting Type: Special
Record Date:  NOV 11, 2009

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve EUR 4 Billion Capital Increase  For       For          Management
      with Preemptive Rights to Holders of
      Ordinary Shares and Saving Shares


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

UNICREDIT SPA

Ticker:       UCG            Security ID:  T95132105
Meeting Date: APR 22, 2010   Meeting Type: Annual/Special
Record Date:  APR 16, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       For          Management
      Statutory Reports
2     Approve Allocation of Income            For       For          Management
3.1   Slate 1 - Submitted by Cassa di         For       Did Not Vote Management
      Risparmio di Verona, Vicenza, Belluno,
      and Ancona
3.2   Slate 2 - Submitted by Institutional    For       For          Management
      Investors through Assogestioni
4     Approve Internal Auditors' Remuneration For       For          Management
5     Amend Remuneration of the Supervision   For       For          Management
      Body's Chairman
6     Approve Remuneration Report             For       Against      Management
7     Approve Group Employee Share Ownership  For       Against      Management
      Plan 2010
8     Approve Group Long Term Incentive Plan  For       Against      Management
      2010
1     Approve Creation of EUR 64 Million Pool For       Against      Management
      of Capital without Preemptive Rights
      Reserved to Stock Purchase Plans
2     Approve Creation of EUR 29.5 Million    For       Against      Management
      Pool of Capital without Preemptive
      Rights Reserved to Stock Grant Plans


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

UNILEVER NV

Ticker:       UNA            Security ID:  N8981F271
Meeting Date: MAY 11, 2010   Meeting Type: Annual
Record Date:  APR 20, 2010

#     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          For       For          Management
      Directors
4     Approve Discharge of Non-Executive      For       For          Management
      Directors
5     Reelect P.G.J.M. Polman to Executive    For       For          Management
      Board
6     Elect R.J-M.S. Huet to Executive Board  For       For          Management
7     Reelect L.O. Fresco as Non-Executive    For       For          Management
      Director
8     Reelect A.M. Fudge as Non-Executive     For       For          Management
      Director
9     Reelect C.E. Golden as Non-Executive    For       For          Management
      Director
10    Reelect B.E. Grote as Non-Executive     For       For          Management
      Director
11    Reelect H. Nyasulu as Non-Executive     For       For          Management
      Director
12    Reelect K.J. Storm as Non-Executive     For       For          Management
      Director
13    Reelect M. Treschow as Non-Executive    For       For          Management
      Director
14    Reelect J. van der Veer as              For       For          Management
      Non-Executive Director
15    Elect P. Walsh as Non-Executive         For       For          Management
      Director
16    Elect M. Rifkind as Non-Executive       For       For          Management
      Director
17    Approve Management Co-Investment Plan   For       For          Management
18    Amend Performance Criteria of the       For       For          Management
      Annual Bonus
19    Amend Performance Criteria of the       For       For          Management
      Long-Term Incentive Plan
20    Approve Cancellation of 4 Percent       For       For          Management
      Cumulative Preference Shares
21    Authorize Repurchase of 6% Cumulative   For       For          Management
      Preference Shares and 7% Cumulative
      Preference Shares
22    Authorize Repurchase of Up to Ten       For       For          Management
      Percent of Issued Share Capital
23    Approve Authorization to Cancel         For       For          Management
      Ordinary Shares
24    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
25    Ratify PricewaterhouseCoopers as        For       For          Management
      Auditors
26    Allow Questions and Close Meeting       None      None         Management


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

UNITED INTERNET AG

Ticker:       UTDI           Security ID:  D8542B125
Meeting Date: JUN 2, 2010    Meeting Type: Annual
Record Date:  MAY 13, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Receive Financial Statements and        None      None         Management
      Statutory Reports for Fiscal 2009
      (Non-Voting)
2     Approve Allocation of Income and        For       For          Management
      Dividends of EUR 0.40 per Share
3     Approve Discharge of Management Board   For       For          Management
      for Fiscal 2009
4     Approve Discharge of Supervisory Board  For       For          Management
      for Fiscal 2009
5     Ratify Ernst & Young GmbH as Auditors   For       For          Management
      for Fiscal 2010
6.1   Reelect Kurt Dobitsch to the            For       For          Management
      Supervisory Board
6.2   Reelect Michael Scheeren to the         For       For          Management
      Supervisory Board
6.3   Reelect Kai-Uwe Ricke to the            For       For          Management
      Supervisory Board
7     Approve Remuneration of Supervisory     For       For          Management
      Board
8.1   Amend Articles Re: Audio and Video      For       For          Management
      Transmission of General Meeting due to
      New German Legislation (Transposition
      of EU Shareholder's Rights Directive)
8.2   Amend Articles Re: Registration for     For       For          Management
      General Meeting due to New German
      Legislation (Transposition of EU
      Shareholder's Rights Directive)
8.3   Amend Articles Re: Electronic           For       For          Management
      Communication with Credit Institutes
8.4   Amend Articles Re: Rejection of Proxies For       For          Management
      at General Meeting due to New German
      Legislation (Transposition of EU
      Shareholder's Rights Directive)
8.5   Amend Articles Re: Voting Right         For       For          Management
      Representation at General Meeting due
      to New German Legislation
      (Transposition of EU Shareholder's
      Rights Directive)
8.6   Amend Articles Re: Powers of the        For       For          Management
      Chairman of the Meeting
9     Authorize Share Repurchase Program and  For       Against      Management
      Reissuance or Cancellation of
      Repurchased Shares
10    Approve Cancellation of EUR 7.7 Million For       For          Management
      Pools of Coditional Capital
11    Approve Issuance of Warrants/Bonds with For       Against      Management
      Warrants Attached/Convertible Bonds
      without Preemptive Rights up to
      Aggregate Nominal Amount of EUR 800
      Million; Approve Creation of EUR 80
      Million Pool of Capital to Guarantee
      Conversion Rights


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

VESTAS WIND SYSTEM AS

Ticker:       VWS            Security ID:  K9773J128
Meeting Date: JAN 14, 2010   Meeting Type: Special
Record Date:  DEC 29, 2009

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Amend Articles Re: Amend Deadline for   For       For          Management
      Shareholders' Right to Include Matters
      on Agenda of Annual General Meeting to
      Six Weeks
2     Authorize Board or Chairman of Meeting  For       For          Management
      to Make Editorial Changes to Adopted
      Resolutions in Connection with
      Registration


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

VESTAS WIND SYSTEM AS

Ticker:       VWS            Security ID:  K9773J128
Meeting Date: MAR 17, 2010   Meeting Type: Annual
Record Date:  MAR 1, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Receive Report of Board                 None      None         Management
2     Receive and Approve Financial           For       For          Management
      Statements and Statutory Reports
3     Approve Allocation of Income and        For       For          Management
      Omission of Dividends
4a    Reelect Bent Carlsen as Director        For       For          Management
4b    Reelect Torsten Rasmussen as Director   For       For          Management
4c    Reelect Freddy Frandsen as Director     For       For          Management
4d    Reelect Hakan Eriksson as Director      For       For          Management
4e    Reelect Jorgen Rasmussen as Director    For       For          Management
4f    Reelect Jorn Thomsen as Director        For       For          Management
4g    Reelect Kurt Nielsen as Director        For       For          Management
4h    Reelect Ola Rollen as Director          For       For          Management
5     Ratify PricewaterhouseCoopers as        For       For          Management
      Auditor
6.1   Amend Articles Re: Right to Convene an  For       For          Management
      Extraordinary General Meeting;
      Notification and Documents Pertaining
      to General Meeting; Stipulate Record
      Date and Availability of Admission
      Cards; Editorial Changes
6.2   Amend Articles Re: Information          For       For          Management
      Contained in Notice to General Meeting;
      Voting Rights by Proxy and
      Correspondence; Editorial Changes
6.3   Amend Articles Re: Delete Secondary     For       For          Management
      Company Name
6.4   Amend Articles Re: Delete Reference to  For       For          Management
      Company Address
6.5   Amend Articles Re: Change Name of       For       For          Management
      Company's Share Registrar
6.6   Amend Articles Re: Delete Board's       For       For          Management
      Authorization to Cancel Unregistered
      Shares
6.7   Approve Creation of DKK 20.4 Million    For       For          Management
      Pool of Capital without Preemptive
      Rights
6.8   Extend Authorization to Issue 1.8       For       Against      Management
      Million Shares to Employees Until May
      1, 2011
6.9   Extend Authorization to Issue Warrants  For       Against      Management
      to Key Employees Until May 1, 2011;
      Extend Authorization to Increase Share
      Capital by up to DKK 368,000 to
      Guarantee Conversion Rights; Cancel
      Authorization to Grant Warrants to
      Board Members
6.10  Approve Issuance of Convertible Bonds   For       Against      Management
      without Preemptive Rights up to
      Aggregate Nominal Amount of DKK 5.00
      Billion; Approve Creation of Pool of
      Capital to Guarantee Conversion Rights
6.11  Amend Articles Re: Change Location of   For       For          Management
      General Meeting to Central Denmark
      Region or Capital Region of Denmark
6.12  Amend Articles Re: Amend Agenda of      For       For          Management
      General Meeting to Clarify the Number
      of Auditors
6.13  Amend Articles Re: Stipulate that       For       For          Management
      General Meeting may be Held in English;
      Specify that Documents Pertaining to
      General Meeting are Available both in
      Danish and in English
6.14  Amend Articles Re: Stipulate that the   For       For          Management
      Corporate Language is English
6.15  Authorize Repurchase Up to 10 Percent   For       For          Management
      of Issued Share Capital
6.16  Amend Guidelines for Incentive-Based    For       For          Management
      Compensation for Executive Management
      and Board to Include Warrants
6.17  Authorize Chairman of Meeting to Make   For       For          Management
      Editorial Changes to Adopted
      Resolutions in Connection with
      Registration
7     Other Business                          None      None         Management


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

VOLKSWAGEN AG (VW)

Ticker:       VOW            Security ID:  D94523103
Meeting Date: APR 22, 2010   Meeting Type: Special
Record Date:  APR 1, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Issuance of Warrants/Bonds with For       For          Management
      Warrants Attached/Convertible Bonds
      without Preemptive Rights up to
      Aggregate Nominal Amount of EUR 5
      Billion; Approve Creation of EUR 102.4
      Million Pool of Capital to Guarantee
      Conversion Rights


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

WACKER CHEMIE AG

Ticker:       WCH            Security ID:  D9540Z106
Meeting Date: MAY 21, 2010   Meeting Type: Annual
Record Date:  APR 30, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Receive Financial Statements and        None      None         Management
      Statutory Reports for Fiscal 2009
      (Non-Voting)
2     Approve Allocation of Income and        For       For          Management
      Dividends of EUR 1.20 per Share
3     Approve Discharge of Management Board   For       For          Management
      for Fiscal 2009
4     Approve Discharge of Supervisory Board  For       For          Management
      for Fiscal 2009
5     Ratify KPMG AG as Auditors for Fiscal   For       For          Management
      2010
6     Authorize Share Repurchase Program and  For       For          Management
      Reissuance or Cancellation of
      Repurchased Shares
7     Amend Articles Re: Convocation of,      For       For          Management
      Registration for, Participation in, and
      Voting Rights Representation at General
      Meeting due to New German Legislation
      (Law on Transposition of EU
      Shareholder's Rights Directive)


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

XSTRATA PLC

Ticker:       XTA            Security ID:  G9826T102
Meeting Date: MAY 5, 2010    Meeting Type: Annual
Record Date:  MAY 3, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       For          Management
      Statutory Reports
2     Approve Final Dividend                  For       For          Management
3     Approve Remuneration Report             For       Against      Management
4     Re-elect Mick Davis as Director         For       For          Management
5     Re-elect David Rough as Director        For       For          Management
6     Re-elect Sir Steve Robson as Director   For       For          Management
7     Re-elect Willy Strothotte as Director   For       Against      Management
8     Elect Dr Con Fauconnier as Director     For       For          Management
9     Reappoint Ernst & Young LLP as Auditors For       For          Management
      and Authorise Their Remuneration
10    Authorise Issue of Equity with          For       For          Management
      Pre-emptive Rights
11    Authorise Issue of Equity without       For       For          Management
      Pre-emptive Rights
12    Authorise the Company to Call EGM with  For       For          Management
      Not Less Than 20 Clear Days' Notice
13    Amend Articles of Association           For       For          Management


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

ZURICH FINANCIAL SERVICES AG

Ticker:       ZRINS          Security ID:  H9870Y105
Meeting Date: MAR 30, 2010   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1a    Accept Financial Statements and         For       For          Management
      Statutory Reports
1b    Approve Remuneration Report             For       For          Management
2     Approve Allocation of Income and        For       For          Management
      Dividends of CHF 16 per Share
3     Approve Discharge of Board and Senior   For       For          Management
      Management
4     Approve CHF 183,640 Reduction in Share  For       For          Management
      Capital
5     Approve Creation of CHF 480,000 Pool of For       For          Management
      Capital without Preemptive Rights
6     Approve Creation of CHF 235,617 Pool of For       For          Management
      Capital without Preemptive Rights for
      Employee Remuneration
7     Amend Articles Re: Share Certificates   For       For          Management
      and Conversion of Shares due to Swiss
      Book Effect Law
8.1.1 Elect JosefAckermann as Director        For       For          Management
8.1.2 Reelect Susan Bies as Director          For       For          Management
8.1.3 Reelect Victor Chu as Director          For       For          Management
8.1.4 Reelect Armin Meyer as Director         For       For          Management
8.1.5 Reelect Rolf Watter as Director         For       For          Management
8.2   Ratify Pricewaterhouse Coopers AG as    For       For          Management
      Auditors

========== END NPX REPORT

 
 

 

 

 
SIGNATURES
 
[See General Instruction F]
 
Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
(Registrant)                      The New Germany Fund, Inc.
 

 
By (Signature and Title)* /s/Michael G. Clark
 
Michael G. Clark, Chief Executive Officer
 
Date  8/17/10
 
* Print the name and title of each signing officer under his or her signature.