UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, DC 20549

**FORM N-PX**

**ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTEREDMANAGEMENT INVESTMENT COMPANY**

Investment Company Act file number: 811-05071

**SATURNA INVESTMENT TRUST**(Exact Name of Registrant as Specified in Charter)

**1300 N. State StreetBellingham, Washington 98225-4730**(Address of Principal Executive Offices, including ZIP Code)

Nicholas F. Kaiser1300 N. State StreetBellingham, Washington 98225-4730(Name and Address of Agent for Service)

Registrant's Telephone Number — (360) 734-9900

Date of fiscal year end: November 30, 2016Date of reporting period: June 30, 2016

| Saturna Investment Trust, Sextant Growth Fund (SSGFX)**Proxy Voting Record relating to shareholder meetings held from July 1, 2015 through June 30, 2016** |
|------------------------------------------------------------------------------------------------------------------------------------------------------------|
| POWER SOLUTIONS INTERNATIONAL, INC.                                                                                                                        |
| Security                                                                                                                                                   | 73933G202 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | PSIX | Meeting Date | 13-Aug-2015 |
| ISIN                                                                                                                                                       | US73933G2021 | Agenda | 934262469 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1.                                                                                                                                                         | RE-ELECTION OF DIRECTOR: GARY S.WINEMASTER | Management | For | For |
| 2.                                                                                                                                                         | RE-ELECTION OF DIRECTOR: KENNETHW. LANDINI | Management | For | For |
| 3.                                                                                                                                                         | RE-ELECTION OF DIRECTOR: JAY J.HANSEN | Management | For | For |
| 4.                                                                                                                                                         | RE-ELECTION OF DIRECTOR: MARY E.VOGT | Management | For | For |
| 5.                                                                                                                                                         | TO APPROVE, IN A NON-BINDINGADVISORY VOTE, THE COMPENSATIONPAID TO OUR NAMED EXECUTIVEOFFICERS AS SET FORTH IN THEPROXY STATEMENT | Management | For | For |
| 6.                                                                                                                                                         | TO RATIFY THE APPOINTMENT BYBOARD OF DIRECTORS OF THEINDEPENDENT PUBLIC ACCOUNTINGFIRM MCGLADREY LLP AS THEINDEPENDENT AUDITORS OF THECOMPANY'S FINANCIAL STATEMENTSFOR THE YEAR ENDING DECEMBER 31,2015 | Management | For | For |
|                                                                                                                                                       |
| MICROCHIP TECHNOLOGY INCORPORATED                                                                                                                          |
| Security                                                                                                                                                   | 595017104 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | MCHP | Meeting Date | 14-Aug-2015 |
| ISIN                                                                                                                                                       | US5950171042 | Agenda | 934260124 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1.                                                                                                                                                         | DIRECTOR | Management |  |
|                                                                                                                                                            | 1 | STEVE SANGHI | For | For |
|                                                                                                                                                            | 2 | MATTHEW W. CHAPMAN | For | For |
|                                                                                                                                                            | 3 | L.B. DAY | For | For |
|                                                                                                                                                            | 4 | ESTHER L. JOHNSON | For | For |
|                                                                                                                                                            | 5 | WADE F. MEYERCORD | For | For |
| 2.                                                                                                                                                         | PROPOSAL TO APPROVE THEISSUANCE OF OUR SHARES UPONCONVERSION OF OUR SENIORCONVERTIBLE DEBENTURES ASREQUIRED BY THE NASDAQ LISTINGRULES SO THAT UPON FUTUREADJUSTMENT OF THE CONVERSIONRATE WE CAN MAINTAIN OURCURRENT ACCOUNTING TREATMENTAND MAINTAIN THE FLEXIBILITY TOISSUE SHARES UPON CONVERSION OFSUCH DEBENTURES. | Management | For | For |
| 3.                                                                                                                                                         | PROPOSAL TO RATIFY THEAPPOINTMENT OF ERNST & YOUNG LLPAS THE INDEPENDENT REGISTEREDPUBLIC ACCOUNTING FIRM OFMICROCHIP FOR THE FISCAL YEARENDING MARCH 31, 2016. | Management | For | For |
| 4.                                                                                                                                                         | PROPOSAL TO APPROVE, ON ANADVISORY (NON-BINDING) BASIS, THECOMPENSATION OF OUR NAMEDEXECUTIVES. | Management | For | For |
|                                                                                                                                                       |
| UNDER ARMOUR, INC.                                                                                                                                         |
| Security                                                                                                                                                   | 904311107 | Meeting Type | Special |
| Ticker Symbol                                                                                                                                              | UA | Meeting Date | 26-Aug-2015 |
| ISIN                                                                                                                                                       | US9043111072 | Agenda | 934261809 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1A.                                                                                                                                                        | TO AMEND THE COMPANY'S CHARTERAS DESCRIBED IN THE PROXYSTATEMENT TO: PROVIDE THAT EACHSHARE OF CLASS B COMMON STOCKWILL CONVERT INTO ONE SHARE OFCLASS A COMMON STOCK IF KEVINPLANK SELLS MORE THAN A SPECIFIEDNUMBER OF SHARES OF COMPANYCOMMON STOCK IN ANY CALENDARYEAR. | Management | For | For |
| 1B.                                                                                                                                                        | TO AMEND THE COMPANY'S CHARTERAS DESCRIBED IN THE PROXYSTATEMENT TO: PROVIDE THAT EACHSHARE OF CLASS B COMMON STOCKWILL CONVERT INTO ONE SHARE OFCLASS A COMMON STOCK IF KEVINPLANK RESIGNS FROM THE COMPANYOR HIS EMPLOYMENT WITH THECOMPANY IS TERMINATED FOR CAUSE. | Management | For | For |
| 1C.                                                                                                                                                        | TO AMEND THE COMPANY'S CHARTERAS DESCRIBED IN THE PROXYSTATEMENT TO: PROVIDE FOR THEEQUAL TREATMENT OF SHARES OFCLASS A COMMON STOCK AND CLASSB COMMON STOCK IN CERTAINTRANSACTIONS (THE "EQUALTREATMENT PROVISION"). | Management | For | For |
| 1D.                                                                                                                                                        | TO AMEND THE COMPANY'S CHARTERAS DESCRIBED IN THE PROXYSTATEMENT TO: ENHANCE BOARDINDEPENDENCE REQUIREMENTS (THE"BOARD INDEPENDENCE PROVISIONS") | Management | For | For |
| 1E.                                                                                                                                                        | TO AMEND THE COMPANY'S CHARTERAS DESCRIBED IN THE PROXYSTATEMENT TO: PROVIDE THAT THEEQUAL TREATMENT PROVISION ANDTHE BOARD INDEPENDENCEPROVISIONS CANNOT BE AMENDEDUNLESS DECLARED ADVISABLE BY THEBOARD OF DIRECTORS (INCLUDING75% OF THE INDEPENDENTDIRECTORS) AND APPROVED BY ATLEAST 75% OF THE VOTES ENTITLEDTO BE CAST BY THE HOLDERS OF (1)THE CLASS A STOCK, VOTING AS ASINGLE CLASS, AND (2) THE CLASS BSTOCK, VOTING AS A SINGLE CLASS. | Management | For | For |
| 2.                                                                                                                                                         | TO AMEND THE COMPANY'S 2005OMNIBUS LONG-TERM INCENTIVE PLANTO ALLOW THE AWARD OF SHARES OFTHE COMPANY'S CLASS C COMMONSTOCK UNDER THE PLAN. | Management | For | For |
| 3.                                                                                                                                                         | TO APPROVE THE ADOPTION OF A NEWCLASS C EMPLOYEE STOCKPURCHASE PLAN. | Management | For | For |
|                                                                                                                                                       |
| HUDSON TECHNOLOGIES, INC.                                                                                                                                  |
| Security                                                                                                                                                   | 444144109 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | HDSN | Meeting Date | 26-Aug-2015 |
| ISIN                                                                                                                                                       | US4441441098 | Agenda | 934264007 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1.                                                                                                                                                         | DIRECTOR | Management |  |
|                                                                                                                                                            | 1 | VINCENT P. ABBATECOLA | For | For |
|                                                                                                                                                            | 2 | BRIAN F. COLEMAN | For | For |
|                                                                                                                                                            | 3 | OTTO C. MORCH | For | For |
| 2.                                                                                                                                                         | APPROVAL OF THE AMENDMENT TOTHE COMPANY'S CERTIFICATE OFINCORPORATION TO INCREASE THENUMBER OF AUTHORIZED SHARES OFCOMMON STOCK FROM 50,000,000 TO100,000,000 SHARES. | Management | For | For |
| 3.                                                                                                                                                         | TO APPROVE, BY NON-BINDINGADVISORY VOTE, THE RESOLUTIONAPPROVING NAMED EXECUTIVEOFFICER COMPENSATION. | Management | For | For |
| 4.                                                                                                                                                         | TO RATIFY THE APPOINTMENT OF BDOUSA, LLP AS INDEPENDENTREGISTERED PUBLIC ACCOUNTANTSFOR THE FISCAL YEAR ENDINGDECEMBER 31, 2015. | Management | For | For |
|                                                                                                                                                       |
| NIKE, INC.                                                                                                                                                 |
| Security                                                                                                                                                   | 654106103 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | NKE | Meeting Date | 17-Sep-2015 |
| ISIN                                                                                                                                                       | US6541061031 | Agenda | 934263459 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1.                                                                                                                                                         | DIRECTOR | Management |  |
|                                                                                                                                                            | 1 | ALAN B. GRAF, JR. | For | For |
|                                                                                                                                                            | 2 | JOHN C. LECHLEITER | For | For |
|                                                                                                                                                            | 3 | MICHELLE A. PELUSO | For | For |
|                                                                                                                                                            | 4 | PHYLLIS M. WISE | For | For |
| 2.                                                                                                                                                         | TO APPROVE EXECUTIVECOMPENSATION BY AN ADVISORYVOTE. | Management | For | For |
| 3.                                                                                                                                                         | TO AMEND THE ARTICLES OFINCORPORATION TO INCREASE THENUMBER OF AUTHORIZED SHARES OFCOMMON STOCK. | Management | For | For |
| 4.                                                                                                                                                         | TO RE-APPROVE THE EXECUTIVEPERFORMANCE SHARING PLAN ASAMENDED. | Management | For | For |
| 5.                                                                                                                                                         | TO APPROVE THE AMENDED ANDRESTATED STOCK INCENTIVE PLAN. | Management | For | For |
| 6.                                                                                                                                                         | TO CONSIDER A SHAREHOLDERPROPOSAL REGARDING POLITICALCONTRIBUTIONS DISCLOSURE. | Shareholder | Against | Against |  |
| 7.                                                                                                                                                         | TO RATIFY THE APPOINTMENT OFPRICEWATERHOUSECOOPERS LLP ASINDEPENDENT REGISTERED PUBLICACCOUNTING FIRM. | Management | For | For |
|                                                                                                                                                       |
| ORACLE CORPORATION                                                                                                                                         |
| Security                                                                                                                                                   | 68389X105 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | ORCL | Meeting Date | 18-Nov-2015 |
| ISIN                                                                                                                                                       | US68389X1054 | Agenda | 934283083 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1.                                                                                                                                                         | DIRECTOR | Management |  |
|                                                                                                                                                            | 1 | JEFFREY S. BERG | For | For |
|                                                                                                                                                            | 2 | H. RAYMOND BINGHAM | For | For |
|                                                                                                                                                            | 3 | MICHAEL J. BOSKIN | For | For |
|                                                                                                                                                            | 4 | SAFRA A. CATZ | For | For |
|                                                                                                                                                            | 5 | BRUCE R. CHIZEN | For | For |
|                                                                                                                                                            | 6 | GEORGE H. CONRADES | For | For |
|                                                                                                                                                            | 7 | LAWRENCE J. ELLISON | For | For |
|                                                                                                                                                            | 8 | HECTOR GARCIA-MOLINA | For | For |
|                                                                                                                                                            | 9 | JEFFREY O. HENLEY | For | For |
|                                                                                                                                                            | 10 | MARK V. HURD | For | For |
|                                                                                                                                                            | 11 | LEON E. PANETTA | For | For |
|                                                                                                                                                            | 12 | NAOMI O. SELIGMAN | For | For |
| 2.                                                                                                                                                         | RE-APPROVAL OF THE ORACLECORPORATION EXECUTIVE BONUSPLAN. | Management | For | For |
| 3.                                                                                                                                                         | ADVISORY VOTE TO APPROVEEXECUTIVE COMPENSATION. | Management | For | For |
| 4.                                                                                                                                                         | RATIFICATION OF THE SELECTION OFERNST & YOUNG LLP AS INDEPENDENTREGISTERED PUBLIC ACCOUNTINGFIRM FOR FISCAL YEAR 2016. | Management | For | For |
| 5.                                                                                                                                                         | STOCKHOLDER PROPOSALREGARDING RENEWABLE ENERGYTARGETS. | Shareholder | Against | Against |  |
| 6.                                                                                                                                                         | STOCKHOLDER PROPOSALREGARDING PROXY ACCESS. | Shareholder | Against | Against |  |
| 7.                                                                                                                                                         | STOCKHOLDER PROPOSALREGARDING QUANTIFIABLEPERFORMANCE METRICS. | Shareholder | Against | Against |  |
| 8.                                                                                                                                                         | STOCKHOLDER PROPOSALREGARDING AMENDMENT OF THEGOVERNANCE GUIDELINES. | Shareholder | Against | Against |  |
| 9.                                                                                                                                                         | STOCKHOLDER PROPOSALREGARDING VOTE TABULATION. | Shareholder | Against | Against |  |
| 10.                                                                                                                                                        | STOCKHOLDER PROPOSALREGARDING LOBBYING REPORT. | Shareholder | Against | Against |  |
|                                                                                                                                                       |
| CISCO SYSTEMS, INC.                                                                                                                                        |
| Security                                                                                                                                                   | 17275R102 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | CSCO | Meeting Date | 19-Nov-2015 |
| ISIN                                                                                                                                                       | US17275R1023 | Agenda | 934284592 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1A.                                                                                                                                                        | ELECTION OF DIRECTOR: CAROL A.BARTZ | Management | For | For |
| 1B.                                                                                                                                                        | ELECTION OF DIRECTOR: M. MICHELEBURNS | Management | For | For |
| 1C.                                                                                                                                                        | ELECTION OF DIRECTOR: MICHAEL D.CAPELLAS | Management | For | For |
| 1D.                                                                                                                                                        | ELECTION OF DIRECTOR: JOHN T.CHAMBERS | Management | For | For |
| 1E.                                                                                                                                                        | ELECTION OF DIRECTOR: BRIAN L.HALLA | Management | For | For |
| 1F.                                                                                                                                                        | ELECTION OF DIRECTOR: DR. JOHN L.HENNESSY | Management | For | For |
| 1G.                                                                                                                                                        | ELECTION OF DIRECTOR: DR. KRISTINAM. JOHNSON | Management | For | For |
| 1H.                                                                                                                                                        | ELECTION OF DIRECTOR: RODERICK C.MCGEARY | Management | For | For |
| 1I.                                                                                                                                                        | ELECTION OF DIRECTOR: CHARLES H.ROBBINS | Management | For | For |
| 1J.                                                                                                                                                        | ELECTION OF DIRECTOR: ARUN SARIN | Management | For | For |
| 1K.                                                                                                                                                        | ELECTION OF DIRECTOR: STEVEN M.WEST | Management | For | For |
| 2.                                                                                                                                                         | APPROVAL, ON AN ADVISORY BASIS,OF EXECUTIVE COMPENSATION. | Management | For | For |
| 3.                                                                                                                                                         | RATIFICATION OFPRICEWATERHOUSECOOPERS LLP ASCISCO'S INDEPENDENT REGISTEREDPUBLIC ACCOUNTING FIRM FOR FISCAL2016. | Management | For | For |
| 4.                                                                                                                                                         | APPROVAL TO REQUEST THE BOARDMAKE EFFORTS TO IMPLEMENT A SETOF PRINCIPLES CALLED THE "HOLYLAND PRINCIPLES" APPLICABLE TOCORPORATIONS DOING BUSINESS INPALESTINE-ISRAEL. | Shareholder | Against | Against |  |
| 5.                                                                                                                                                         | APPROVAL TO REQUEST THE BOARDTO ADOPT, AND PRESENT FORSHAREHOLDER APPROVAL, A "PROXYACCESS" BYLAW AMENDMENT. | Shareholder | Against | Against |  |
|                                                                                                                                                       |
| THE HAIN CELESTIAL GROUP, INC.                                                                                                                             |
| Security                                                                                                                                                   | 405217100 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | HAIN | Meeting Date | 19-Nov-2015 |
| ISIN                                                                                                                                                       | US4052171000 | Agenda | 934287687 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1.                                                                                                                                                         | DIRECTOR | Management |  |
|                                                                                                                                                            | 1 | IRWIN D. SIMON | For | For |
|                                                                                                                                                            | 2 | RICHARD C. BERKE | For | For |
|                                                                                                                                                            | 3 | ANDREW R. HEYER | For | For |
|                                                                                                                                                            | 4 | RAYMOND W. KELLY | For | For |
|                                                                                                                                                            | 5 | ROGER MELTZER | For | For |
|                                                                                                                                                            | 6 | SCOTT M. O'NEIL | For | For |
|                                                                                                                                                            | 7 | ADRIANNE SHAPIRA | For | For |
|                                                                                                                                                            | 8 | LAWRENCE S. ZILAVY | For | For |
| 2.                                                                                                                                                         | ON AN ADVISORY BASIS, THECOMPENSATION AWARDED TO THENAMED EXECUTIVE OFFICERS FORTHE FISCAL YEAR ENDED JUNE 30,2015, AS SET FORTH IN THIS PROXYSTATEMENT. | Management | For | For |
| 3.                                                                                                                                                         | THE RATIFICATION OF THEAPPOINTMENT OF ERNST & YOUNG LLPTO ACT AS REGISTERED INDEPENDENTACCOUNTANTS OF THE COMPANY FORTHE FISCAL YEAR ENDING JUNE 30,2016. | Management | For | For |
| 4.                                                                                                                                                         | A STOCKHOLDER PROPOSALREGARDING PROXY ACCESS. | Shareholder | For | For |
|                                                                                                                                                       |
| MICROSOFT CORPORATION                                                                                                                                      |
| Security                                                                                                                                                   | 594918104 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | MSFT | Meeting Date | 02-Dec-2015 |
| ISIN                                                                                                                                                       | US5949181045 | Agenda | 934290329 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1A.                                                                                                                                                        | ELECTION OF DIRECTOR: WILLIAM H.GATES III | Management | For | For |
| 1B.                                                                                                                                                        | ELECTION OF DIRECTOR: TERI L. LIST-STOLL | Management | For | For |
| 1C.                                                                                                                                                        | ELECTION OF DIRECTOR: G. MASONMORFIT | Management | For | For |
| 1D.                                                                                                                                                        | ELECTION OF DIRECTOR: SATYANADELLA | Management | For | For |
| 1E.                                                                                                                                                        | ELECTION OF DIRECTOR: CHARLES H.NOSKI | Management | For | For |
| 1F.                                                                                                                                                        | ELECTION OF DIRECTOR: HELMUTPANKE | Management | For | For |
| 1G.                                                                                                                                                        | ELECTION OF DIRECTOR: SANDRA E.PETERSON | Management | For | For |
| 1H.                                                                                                                                                        | ELECTION OF DIRECTOR: CHARLES W.SCHARF | Management | For | For |
| 1I.                                                                                                                                                        | ELECTION OF DIRECTOR: JOHN W.STANTON | Management | For | For |
| 1J.                                                                                                                                                        | ELECTION OF DIRECTOR: JOHN W.THOMPSON | Management | For | For |
| 1K.                                                                                                                                                        | ELECTION OF DIRECTOR: PADMASREEWARRIOR | Management | For | For |
| 2.                                                                                                                                                         | ADVISORY VOTE ON EXECUTIVECOMPENSATION | Management | For | For |
| 3.                                                                                                                                                         | RATIFICATION OF DELOITTE & TOUCHELLP AS OUR INDEPENDENT AUDITORFOR FISCAL YEAR 2016 | Management | For | For |
|                                                                                                                                                       |
| HARMAN INTERNATIONAL INDUSTRIES, INC.                                                                                                                      |
| Security                                                                                                                                                   | 413086109 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | HAR | Meeting Date | 09-Dec-2015 |
| ISIN                                                                                                                                                       | US4130861093 | Agenda | 934293717 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1A.                                                                                                                                                        | ELECTION OF DIRECTOR: ADRIANE M.BROWN | Management | For | For |
| 1B.                                                                                                                                                        | ELECTION OF DIRECTOR: JOHN W.DIERCKSEN | Management | For | For |
| 1C.                                                                                                                                                        | ELECTION OF DIRECTOR: ANN M.KOROLOGOS | Management | For | For |
| 1D.                                                                                                                                                        | ELECTION OF DIRECTOR: EDWARD H.MEYER | Management | For | For |
| 1E.                                                                                                                                                        | ELECTION OF DIRECTOR: ROBERT NAIL | Management | For | For |
| 1F.                                                                                                                                                        | ELECTION OF DIRECTOR: DINESH C.PALIWAL | Management | For | For |
| 1G.                                                                                                                                                        | ELECTION OF DIRECTOR: ABRAHAM N.REICHENTAL | Management | For | For |
| 1H.                                                                                                                                                        | ELECTION OF DIRECTOR: KENNETH M.REISS | Management | For | For |
| 1I.                                                                                                                                                        | ELECTION OF DIRECTOR: HELLENE S.RUNTAGH | Management | For | For |
| 1J.                                                                                                                                                        | ELECTION OF DIRECTOR: FRANK S.SKLARSKY | Management | For | For |
| 1K.                                                                                                                                                        | ELECTION OF DIRECTOR: GARY G.STEEL | Management | For | For |
| 2.                                                                                                                                                         | RATIFY THE APPOINTMENT OF KPMGLLP AS OUR INDEPENDENTREGISTERED PUBLIC ACCOUNTINGFIRM FOR FISCAL YEAR 2016. | Management | For | For |
| 3.                                                                                                                                                         | APPROVE THE AMENDMENT TO THE2012 STOCK OPTION AND INCENTIVEPLAN, AS AMENDED. | Management | For | For |
| 4.                                                                                                                                                         | APPROVE, BY NON-BINDING VOTE,EXECUTIVE COMPENSATION. | Management | For | For |
|                                                                                                                                                       |
| MICRON TECHNOLOGY, INC.                                                                                                                                    |
| Security                                                                                                                                                   | 595112103 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | MU | Meeting Date | 28-Jan-2016 |
| ISIN                                                                                                                                                       | US5951121038 | Agenda | 934310765 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1.1                                                                                                                                                        | ELECTION OF DIRECTOR: ROBERT L.BAILEY | Management | For | For |
| 1.2                                                                                                                                                        | ELECTION OF DIRECTOR: RICHARD M.BEYER | Management | For | For |
| 1.3                                                                                                                                                        | ELECTION OF DIRECTOR: PATRICK J.BYRNE | Management | For | For |
| 1.4                                                                                                                                                        | ELECTION OF DIRECTOR: D. MARKDURCAN | Management | For | For |
| 1.5                                                                                                                                                        | ELECTION OF DIRECTOR: MERCEDESJOHNSON | Management | For | For |
| 1.6                                                                                                                                                        | ELECTION OF DIRECTOR: LAWRENCEN. MONDRY | Management | For | For |
| 1.7                                                                                                                                                        | ELECTION OF DIRECTOR: ROBERT E.SWITZ | Management | For | For |
| 2.                                                                                                                                                         | TO RATIFY THE APPOINTMENT OFPRICEWATERHOUSECOOPERS LLP ASOUR INDEPENDENT REGISTEREDPUBLIC ACCOUNTING FIRM FOR THEFISCAL YEAR ENDING SEPTEMBER 1,2016. | Management | For | For |
| 3.                                                                                                                                                         | TO APPROVE A NON-BINDINGRESOLUTION TO APPROVE THECOMPENSATION OF OUR NAMEDEXECUTIVE OFFICERS AS DESCRIBEDIN THE PROXY STATEMENT. | Management | For | For |
| 4.                                                                                                                                                         | TO TRANSACT SUCH OTHER BUSINESSAS MAY PROPERLY COME BEFORE THEMEETING OR ANY ADJOURNMENTTHEREOF. | Management | For | For |
|                                                                                                                                                       |
| ASHLAND INC.                                                                                                                                               |
| Security                                                                                                                                                   | 044209104 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | ASH | Meeting Date | 28-Jan-2016 |
| ISIN                                                                                                                                                       | US0442091049 | Agenda | 934311488 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1A.                                                                                                                                                        | ELECTION OF DIRECTOR: BRENDAN M.CUMMINS | Management | For | For |
| 1B.                                                                                                                                                        | ELECTION OF DIRECTOR: ROGER W.HALE | Management | For | For |
| 1C.                                                                                                                                                        | ELECTION OF DIRECTOR: VADA O.MANAGER | Management | For | For |
| 1D.                                                                                                                                                        | ELECTION OF DIRECTOR: MARK C.ROHR | Management | For | For |
| 1E.                                                                                                                                                        | ELECTION OF DIRECTOR: GEORGE A.SCHAEFER, JR. | Management | For | For |
| 1F.                                                                                                                                                        | ELECTION OF DIRECTOR: JANICE J.TEAL | Management | For | For |
| 1G.                                                                                                                                                        | ELECTION OF DIRECTOR: MICHAEL J.WARD | Management | For | For |
| 2.                                                                                                                                                         | RATIFICATION OF THE APPOINTMENTOF ERNST & YOUNG LLP ASINDEPENDENT REGISTERED PUBLICACCOUNTANTS FOR FISCAL 2016. | Management | For | For |
| 3.                                                                                                                                                         | A NON-BINDING ADVISORYRESOLUTION APPROVING THECOMPENSATION PAID TO ASHLAND'SNAMED EXECUTIVE OFFICERS, ASDISCLOSED PURSUANT TO ITEM 402 OFREGULATION S-K, INCLUDING THECOMPENSATION DISCUSSION ANDANALYSIS, COMPENSATION TABLESAND NARRATIVE DISCUSSION. | Management | For | For |
|                                                                                                                                                       |
| COSTCO WHOLESALE CORPORATION                                                                                                                               |
| Security                                                                                                                                                   | 22160K105 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | COST | Meeting Date | 29-Jan-2016 |
| ISIN                                                                                                                                                       | US22160K1051 | Agenda | 934310359 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1.                                                                                                                                                         | DIRECTOR | Management |  |
|                                                                                                                                                            | 1 | HAMILTON E. JAMES | For | For |
|                                                                                                                                                            | 2 | W. CRAIG JELINEK | For | For |
|                                                                                                                                                            | 3 | JOHN W. STANTON | For | For |
|                                                                                                                                                            | 4 | MARY A. WILDEROTTER | For | For |
| 2.                                                                                                                                                         | RATIFICATION OF SELECTION OFINDEPENDENT AUDITORS. | Management | For | For |
| 3.                                                                                                                                                         | APPROVAL, ON AN ADVISORY BASIS,OF EXECUTIVE COMPENSATION. | Management | For | For |
| 4.                                                                                                                                                         | SHAREHOLDER PROPOSALREGARDING PROXY ACCESS FORSHAREHOLDERS. | Shareholder | Against | Against |  |
|                                                                                                                                                       |
| APPLE INC.                                                                                                                                                 |
| Security                                                                                                                                                   | 037833100 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | AAPL | Meeting Date | 26-Feb-2016 |
| ISIN                                                                                                                                                       | US0378331005 | Agenda | 934319016 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1A.                                                                                                                                                        | ELECTION OF DIRECTOR: JAMES BELL | Management | For | For |
| 1B.                                                                                                                                                        | ELECTION OF DIRECTOR: TIM COOK | Management | For | For |
| 1C.                                                                                                                                                        | ELECTION OF DIRECTOR: AL GORE | Management | Against | For |
| 1D.                                                                                                                                                        | ELECTION OF DIRECTOR: BOB IGER | Management | For | For |
| 1E.                                                                                                                                                        | ELECTION OF DIRECTOR: ANDREAJUNG | Management | For | For |
| 1F.                                                                                                                                                        | ELECTION OF DIRECTOR: ARTLEVINSON | Management | For | For |
| 1G.                                                                                                                                                        | ELECTION OF DIRECTOR: RON SUGAR | Management | For | For |
| 1H.                                                                                                                                                        | ELECTION OF DIRECTOR: SUEWAGNER | Management | For | For |
| 2.                                                                                                                                                         | RATIFICATION OF THE APPOINTMENTOF ERNST & YOUNG LLP AS APPLE'SINDEPENDENT REGISTERED PUBLICACCOUNTING FIRM FOR 2016 | Management | For | For |
| 3.                                                                                                                                                         | AN ADVISORY RESOLUTION TOAPPROVE EXECUTIVE COMPENSATION | Management | For | For |
| 4.                                                                                                                                                         | APPROVAL OF THE AMENDED ANDRESTATED APPLE INC. 2014 EMPLOYEESTOCK PLAN | Management | For | For |
| 5.                                                                                                                                                         | A SHAREHOLDER PROPOSAL ENTITLED"NET-ZERO GREENHOUSE GASEMISSIONS BY 2030" | Shareholder | Against | Against |  |
| 6.                                                                                                                                                         | A SHAREHOLDER PROPOSALREGARDING DIVERSITY AMONG OURSENIOR MANAGEMENT AND BOARD OFDIRECTORS | Shareholder | Against | Against |  |
| 7.                                                                                                                                                         | A SHAREHOLDER PROPOSAL ENTITLED"HUMAN RIGHTS REVIEW – HIGH RISKREGIONS" | Shareholder | Against | Against |  |
| 8.                                                                                                                                                         | A SHAREHOLDER PROPOSAL ENTITLED"SHAREHOLDER PROXY ACCESS" | Shareholder | Against | Against |  |
|                                                                                                                                                       |
| THE WALT DISNEY COMPANY                                                                                                                                    |
| Security                                                                                                                                                   | 254687106 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | DIS | Meeting Date | 03-Mar-2016 |
| ISIN                                                                                                                                                       | US2546871060 | Agenda | 934321352 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1A.                                                                                                                                                        | ELECTION OF DIRECTOR: SUSAN E.ARNOLD | Management | For | For |
| 1B.                                                                                                                                                        | ELECTION OF DIRECTOR: JOHN S.CHEN | Management | For | For |
| 1C.                                                                                                                                                        | ELECTION OF DIRECTOR: JACKDORSEY | Management | For | For |
| 1D.                                                                                                                                                        | ELECTION OF DIRECTOR: ROBERT A.IGER | Management | For | For |
| 1E.                                                                                                                                                        | ELECTION OF DIRECTOR: MARIA ELENALAGOMASINO | Management | For | For |
| 1F.                                                                                                                                                        | ELECTION OF DIRECTOR: FRED H.LANGHAMMER | Management | For | For |
| 1G.                                                                                                                                                        | ELECTION OF DIRECTOR: AYLWIN B.LEWIS | Management | For | For |
| 1H.                                                                                                                                                        | ELECTION OF DIRECTOR: ROBERT W.MATSCHULLAT | Management | For | For |
| 1I.                                                                                                                                                        | ELECTION OF DIRECTOR: MARK G.PARKER | Management | For | For |
| 1J.                                                                                                                                                        | ELECTION OF DIRECTOR: SHERYL K.SANDBERG | Management | For | For |
| 1K.                                                                                                                                                        | ELECTION OF DIRECTOR: ORIN C.SMITH | Management | For | For |
| 2.                                                                                                                                                         | TO RATIFY THE APPOINTMENT OFPRICEWATERHOUSECOOPERS LLP ASTHE COMPANY'S REGISTERED PUBLICACCOUNTANTS FOR 2016. | Management | For | For |
| 3.                                                                                                                                                         | TO APPROVE THE ADVISORYRESOLUTION ON EXECUTIVECOMPENSATION. | Management | For | For |
| 4.                                                                                                                                                         | TO APPROVE THE AMENDMENT TO THERESTATED CERTIFICATE OFINCORPORATION. | Management | For | For |
| 5.                                                                                                                                                         | TO APPROVE THE SHAREHOLDERPROPOSAL RELATING TO SIMPLEMAJORITY VOTE. | Shareholder | For | Against |  |
| 6.                                                                                                                                                         | TO APPROVE THE SHAREHOLDERPROPOSAL RELATING TO LOBBYINGDISCLOSURE. | Shareholder | Against | Against |  |
|                                                                                                                                                       |
| STARBUCKS CORPORATION                                                                                                                                      |
| Security                                                                                                                                                   | 855244109 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | SBUX | Meeting Date | 23-Mar-2016 |
| ISIN                                                                                                                                                       | US8552441094 | Agenda | 934322861 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1A.                                                                                                                                                        | ELECTION OF DIRECTOR: HOWARDSCHULTZ | Management | For | For |
| 1B.                                                                                                                                                        | ELECTION OF DIRECTOR: WILLIAM W.BRADLEY | Management | For | For |
| 1C.                                                                                                                                                        | ELECTION OF DIRECTOR: MARY N.DILLON | Management | For | For |
| 1D.                                                                                                                                                        | ELECTION OF DIRECTOR: ROBERT M.GATES | Management | For | For |
| 1E.                                                                                                                                                        | ELECTION OF DIRECTOR: MELLODYHOBSON | Management | For | For |
| 1F.                                                                                                                                                        | ELECTION OF DIRECTOR: KEVIN R.JOHNSON | Management | For | For |
| 1G.                                                                                                                                                        | ELECTION OF DIRECTOR: JOSHUACOOPER RAMO | Management | For | For |
| 1H.                                                                                                                                                        | ELECTION OF DIRECTOR: JAMES G.SHENNAN, JR. | Management | For | For |
| 1I.                                                                                                                                                        | ELECTION OF DIRECTOR: CLARA SHIH | Management | For | For |
| 1J.                                                                                                                                                        | ELECTION OF DIRECTOR: JAVIER G.TERUEL | Management | For | For |
| 1K.                                                                                                                                                        | ELECTION OF DIRECTOR: MYRON E.ULLMAN, III | Management | For | For |
| 1L.                                                                                                                                                        | ELECTION OF DIRECTOR: CRAIG E.WEATHERUP | Management | For | For |
| 2.                                                                                                                                                         | ADVISORY RESOLUTION TO APPROVEOUR EXECUTIVE COMPENSATION. | Management | For | For |
| 3.                                                                                                                                                         | APPROVE AMENDMENT ANDRESTATEMENT OF OUR EXECUTIVEMANAGEMENT BONUS PLAN. | Management | For | For |
| 4.                                                                                                                                                         | RATIFICATION OF SELECTION OFDELOITTE & TOUCHE LLP AS OURINDEPENDENT REGISTERED PUBLICACCOUNTING FIRM FOR FISCAL 2016. | Management | For | For |
| 5.                                                                                                                                                         | ADOPT PROXY ACCESS BYLAW. | Shareholder | Against | Against |  |
| 6.                                                                                                                                                         | REVIEW POLICIES RELATED TO HUMANRIGHTS. | Shareholder | Against | Against |  |
|                                                                                                                                                       |
| ADOBE SYSTEMS INCORPORATED                                                                                                                                 |
| Security                                                                                                                                                   | 00724F101 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | ADBE | Meeting Date | 13-Apr-2016 |
| ISIN                                                                                                                                                       | US00724F1012 | Agenda | 934333143 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1A.                                                                                                                                                        | ELECTION OF DIRECTOR: AMY L.BANSE | Management | For | For |
| 1B.                                                                                                                                                        | ELECTION OF DIRECTOR: EDWARD W.BARNHOLT | Management | For | For |
| 1C.                                                                                                                                                        | ELECTION OF DIRECTOR: ROBERT K.BURGESS | Management | For | For |
| 1D.                                                                                                                                                        | ELECTION OF DIRECTOR: FRANK A.CALDERONI | Management | For | For |
| 1E.                                                                                                                                                        | ELECTION OF DIRECTOR: JAMES E.DALEY | Management | For | For |
| 1F.                                                                                                                                                        | ELECTION OF DIRECTOR: LAURA B.DESMOND | Management | For | For |
| 1G.                                                                                                                                                        | ELECTION OF DIRECTOR: CHARLES M.GESCHKE | Management | For | For |
| 1H.                                                                                                                                                        | ELECTION OF DIRECTOR: SHANTANUNARAYEN | Management | For | For |
| 1I.                                                                                                                                                        | ELECTION OF DIRECTOR: DANIEL L.ROSENSWEIG | Management | For | For |
| 1J.                                                                                                                                                        | ELECTION OF DIRECTOR: JOHN E.WARNOCK | Management | For | For |
| 2.                                                                                                                                                         | APPROVAL OF THE 2003 EQUITYINCENTIVE PLAN AS AMENDED TOINCREASE THE AVAILABLE SHARERESERVE BY 10 MILLION SHARES ANDPROVIDE A MAXIMUM ANNUAL LIMIT ONNON-EMPLOYEE DIRECTORCOMPENSATION. | Management | For | For |
| 3.                                                                                                                                                         | APPROVAL OF THE 2016 EXECUTIVECASH PERFORMANCE BONUS PLAN. | Management | For | For |
| 4.                                                                                                                                                         | RATIFICATION OF THE APPOINTMENTOF KPMG LLP AS THE COMPANY'SINDEPENDENT REGISTERED PUBLICACCOUNTING FIRM. | Management | For | For |
| 5.                                                                                                                                                         | APPROVAL ON AN ADVISORY BASIS OFTHE COMPENSATION OF THE NAMEDEXECUTIVE OFFICERS. | Management | For | For |
|                                                                                                                                                       |
| ABBOTT LABORATORIES                                                                                                                                        |
| Security                                                                                                                                                   | 002824100 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | ABT | Meeting Date | 29-Apr-2016 |
| ISIN                                                                                                                                                       | US0028241000 | Agenda | 934344045 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1                                                                                                                                                          | DIRECTOR | Management |  |
|                                                                                                                                                            | 1 | R.J. ALPERN | For | For |
|                                                                                                                                                            | 2 | R.S. AUSTIN | For | For |
|                                                                                                                                                            | 3 | S.E. BLOUNT | For | For |
|                                                                                                                                                            | 4 | W.J. FARRELL | For | For |
|                                                                                                                                                            | 5 | E.M. LIDDY | For | For |
|                                                                                                                                                            | 6 | N. MCKINSTRY | For | For |
|                                                                                                                                                            | 7 | P.N. NOVAKOVIC | For | For |
|                                                                                                                                                            | 8 | W.A. OSBORN | For | For |
|                                                                                                                                                            | 9 | S.C. SCOTT III | For | For |
|                                                                                                                                                            | 10 | G.F. TILTON | For | For |
|                                                                                                                                                            | 11 | M.D. WHITE | For | For |
| 2                                                                                                                                                          | RATIFICATION OF ERNST & YOUNG LLPAS AUDITORS | Management | For | For |
| 3                                                                                                                                                          | SAY ON PAY – AN ADVISORY VOTE TOAPPROVE EXECUTIVE COMPENSATION | Management | For | For |
|                                                                                                                                                       |
| EXPRESS SCRIPTS HOLDING COMPANY                                                                                                                            |
| Security                                                                                                                                                   | 30219G108 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | ESRX | Meeting Date | 04-May-2016 |
| ISIN                                                                                                                                                       | US30219G1085 | Agenda | 934347027 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1A.                                                                                                                                                        | ELECTION OF DIRECTOR: MAURA C.BREEN | Management | For | For |
| 1B.                                                                                                                                                        | ELECTION OF DIRECTOR: WILLIAM J.DELANEY | Management | For | For |
| 1C.                                                                                                                                                        | ELECTION OF DIRECTOR: ELDERGRANGER, MD, MG, USA (RETIRED) | Management | For | For |
| 1D.                                                                                                                                                        | ELECTION OF DIRECTOR: NICHOLAS J.LAHOWCHIC | Management | For | For |
| 1E.                                                                                                                                                        | ELECTION OF DIRECTOR: THOMAS P.MAC MAHON | Management | For | For |
| 1F.                                                                                                                                                        | ELECTION OF DIRECTOR: FRANKMERGENTHALER | Management | For | For |
| 1G.                                                                                                                                                        | ELECTION OF DIRECTOR: WOODROWA. MYERS, JR., MD | Management | For | For |
| 1H.                                                                                                                                                        | ELECTION OF DIRECTOR: RODERICK A.PALMORE | Management | For | For |
| 1I.                                                                                                                                                        | ELECTION OF DIRECTOR: GEORGE PAZ | Management | For | For |
| 1J.                                                                                                                                                        | ELECTION OF DIRECTOR: WILLIAM L.ROPER, MD, MPH | Management | For | For |
| 1K.                                                                                                                                                        | ELECTION OF DIRECTOR: SEYMOURSTERNBERG | Management | For | For |
| 1L.                                                                                                                                                        | ELECTION OF DIRECTOR: TIMOTHYWENTWORTH | Management | For | For |
| 2.                                                                                                                                                         | TO RATIFY THE APPOINTMENT OFPRICEWATERHOUSECOOPERS LLP ASTHE COMPANY'S INDEPENDENTREGISTERED PUBLIC ACCOUNTANTSFOR 2016. | Management | For | For |
| 3.                                                                                                                                                         | TO APPROVE, BY NON-BINDING VOTE,EXECUTIVE COMPENSATION. | Management | For | For |
| 4.                                                                                                                                                         | TO APPROVE AND RATIFY THEEXPRESS SCRIPTS HOLDING COMPANY2016 LONG-TERM INCENTIVE PLAN. | Management | For | For |
| 5.                                                                                                                                                         | STOCKHOLDER PROPOSALREGARDING AN INDEPENDENT BOARDCHAIRMAN. | Shareholder | For | Against |  |
| 6.                                                                                                                                                         | STOCKHOLDER PROPOSALREGARDING POLITICAL ACTIVITIESDISCLOSURE. | Shareholder | Against | Against |  |
|                                                                                                                                                       |
| ECOLAB INC.                                                                                                                                                |
| Security                                                                                                                                                   | 278865100 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | ECL | Meeting Date | 05-May-2016 |
| ISIN                                                                                                                                                       | US2788651006 | Agenda | 934346897 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1A.                                                                                                                                                        | ELECTION OF DIRECTOR: DOUGLAS M.BAKER, JR. | Management | For | For |
| 1B.                                                                                                                                                        | ELECTION OF DIRECTOR: BARBARA J.BECK | Management | For | For |
| 1C.                                                                                                                                                        | ELECTION OF DIRECTOR: LESLIE S.BILLER | Management | For | For |
| 1D.                                                                                                                                                        | ELECTION OF DIRECTOR: CARL M.CASALE | Management | For | For |
| 1E.                                                                                                                                                        | ELECTION OF DIRECTOR: STEPHEN I.CHAZEN | Management | For | For |
| 1F.                                                                                                                                                        | ELECTION OF DIRECTOR: JEFFREY M.ETTINGER | Management | For | For |
| 1G.                                                                                                                                                        | ELECTION OF DIRECTOR: JERRY A.GRUNDHOFER | Management | For | For |
| 1H.                                                                                                                                                        | ELECTION OF DIRECTOR: ARTHUR J.HIGGINS | Management | For | For |
| 1I.                                                                                                                                                        | ELECTION OF DIRECTOR: MICHAELLARSON | Management | For | For |
| 1J.                                                                                                                                                        | ELECTION OF DIRECTOR: JERRY W.LEVIN | Management | For | For |
| 1K.                                                                                                                                                        | ELECTION OF DIRECTOR: DAVID W.MACLENNAN | Management | For | For |
| 1L.                                                                                                                                                        | ELECTION OF DIRECTOR: TRACY B.MCKIBBEN | Management | For | For |
| 1M.                                                                                                                                                        | ELECTION OF DIRECTOR: VICTORIA J.REICH | Management | For | For |
| 1N.                                                                                                                                                        | ELECTION OF DIRECTOR: SUZANNE M.VAUTRINOT | Management | For | For |
| 1O.                                                                                                                                                        | ELECTION OF DIRECTOR: JOHN J.ZILLMER | Management | For | For |
| 2.                                                                                                                                                         | RATIFY THE APPOINTMENT OFPRICEWATERHOUSECOOPERS LLP ASINDEPENDENT REGISTERED PUBLICACCOUNTING FIRM FOR THE CURRENTYEAR ENDING DECEMBER 31, 2016. | Management | For | For |
| 3.                                                                                                                                                         | APPROVE AN AMENDMENT TO THEECOLAB INC. 2001 NON-EMPLOYEEDIRECTOR STOCK OPTION ANDDEFERRED COMPENSATION PLAN. | Management | For | For |
| 4.                                                                                                                                                         | ADVISORY VOTE TO APPROVE THECOMPENSATION OF EXECUTIVESDISCLOSED IN THE PROXYSTATEMENT. | Management | For | For |
| 5.                                                                                                                                                         | STOCKHOLDER PROPOSALREGARDING PROXY ACCESS. | Shareholder | Against | Against |  |
|                                                                                                                                                       |
| ALLERGAN PLC                                                                                                                                               |
| Security                                                                                                                                                   | G0177J108 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | AGN | Meeting Date | 05-May-2016 |
| ISIN                                                                                                                                                       | IE00BY9D5467 | Agenda | 934354565 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1.                                                                                                                                                         | DIRECTOR | Management |  |
|                                                                                                                                                            | 1 | NESLI BASGOZ, M.D. | For | For |
|                                                                                                                                                            | 2 | PAUL M. BISARO | For | For |
|                                                                                                                                                            | 3 | JAMES H. BLOEM | For | For |
|                                                                                                                                                            | 4 | CHRISTOPHER W. BODINE | For | For |
|                                                                                                                                                            | 5 | CHRISTOPHER J. COUGHLIN | For | For |
|                                                                                                                                                            | 6 | MICHAEL R. GALLAGHER | For | For |
|                                                                                                                                                            | 7 | CATHERINE M. KLEMA | For | For |
|                                                                                                                                                            | 8 | PETER J. MCDONNELL, M.D | For | For |
|                                                                                                                                                            | 9 | PATRICK J. O'SULLIVAN | For | For |
|                                                                                                                                                            | 10 | BRENTON L. SAUNDERS | For | For |
|                                                                                                                                                            | 11 | RONALD R. TAYLOR | For | For |
|                                                                                                                                                            | 12 | FRED G. WEISS | For | For |
| 2.                                                                                                                                                         | TO APPROVE, IN A NON-BINDING VOTE,NAMED EXECUTIVE OFFICERCOMPENSATION | Management | For | For |
| 3.                                                                                                                                                         | TO RATIFY, IN A NON-BINDING VOTE,THE APPOINTMENT OFPRICEWATERHOUSECOOPERS LLP ASTHE COMPANY'S INDEPENDENTAUDITOR FOR THE FISCAL YEARENDING DECEMBER 31, 2016 AND TOAUTHORIZE, IN A BINDING VOTE, THEBOARD OF DIRECTORS, ACTINGTHROUGH THE AUDIT ANDCOMPLIANCE COMMITTEE, TODETERMINEPRICEWATERHOUSECOOPERS LLP'SREMUNERATION | Management | For | For |
| 4A.                                                                                                                                                        | TO APPROVE THE AMENDMENT OF THECOMPANY'S: MEMORANDUM OFASSOCIATION TO MAKE CERTAINADMINISTRATIVE AMENDMENTS | Management | For | For |
| 4B.                                                                                                                                                        | TO APPROVE THE AMENDMENT OF THECOMPANY'S: ARTICLES OFASSOCIATION TO MAKE CERTAINADMINISTRATIVE AMENDMENTS | Management | For | For |
| 5A.                                                                                                                                                        | TO APPROVE THE AMENDMENT OF THECOMPANY'S ARTICLES OFASSOCIATION IN ORDER TO: PROVIDEFOR A PLURALITY VOTING STANDARDIN THE EVENT OF A CONTESTEDELECTION | Management | For | For |
| 5B.                                                                                                                                                        | TO APPROVE THE AMENDMENT OF THECOMPANY'S ARTICLES OFASSOCIATION IN ORDER TO: GRANTTHE BOARD OF DIRECTORS SOLEAUTHORITY TO DETERMINE ITS SIZE | Management | For | For |
| 6.                                                                                                                                                         | TO APPROVE THE REDUCTION OFCOMPANY CAPITAL | Management | For | For |
| 7.                                                                                                                                                         | TO CONSIDER A SHAREHOLDERPROPOSAL REGARDING AN ANNUALREPORT ON LOBBYING ACTIVITIES, IFPROPERLY PRESENTED AT THEMEETING | Shareholder | Against | Against |  |
| 8.                                                                                                                                                         | TO CONSIDER A SHAREHOLDERPROPOSAL REGARDING ANINDEPENDENT BOARD CHAIRMAN, IFPROPERLY PRESENTED AT THEMEETING | Shareholder | For | Against |  |
|                                                                                                                                                       |
| GILEAD SCIENCES, INC.                                                                                                                                      |
| Security                                                                                                                                                   | 375558103 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | GILD | Meeting Date | 11-May-2016 |
| ISIN                                                                                                                                                       | US3755581036 | Agenda | 934355567 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1A.                                                                                                                                                        | ELECTION OF DIRECTOR: JOHN F.COGAN, PH.D. | Management | For | For |
| 1B.                                                                                                                                                        | ELECTION OF DIRECTOR: KEVIN E.LOFTON | Management | For | For |
| 1C.                                                                                                                                                        | ELECTION OF DIRECTOR: JOHN W.MADIGAN | Management | For | For |
| 1D.                                                                                                                                                        | ELECTION OF DIRECTOR: JOHN C.MARTIN, PH.D. | Management | For | For |
| 1E.                                                                                                                                                        | ELECTION OF DIRECTOR: JOHN F.MILLIGAN, PH.D. | Management | For | For |
| 1F.                                                                                                                                                        | ELECTION OF DIRECTOR: NICHOLAS G.MOORE | Management | For | For |
| 1G.                                                                                                                                                        | ELECTION OF DIRECTOR: RICHARD J.WHITLEY, M.D. | Management | For | For |
| 1H.                                                                                                                                                        | ELECTION OF DIRECTOR: GAYLE E.WILSON | Management | For | For |
| 1I.                                                                                                                                                        | ELECTION OF DIRECTOR: PER WOLD-OLSEN | Management | For | For |
| 2.                                                                                                                                                         | TO RATIFY THE SELECTION OF ERNST& YOUNG LLP BY THE AUDITCOMMITTEE OF THE BOARD OFDIRECTORS AS THE INDEPENDENTREGISTERED PUBLIC ACCOUNTINGFIRM OF GILEAD FOR THE FISCAL YEARENDING DECEMBER 31, 2016. | Management | For | For |
| 3.                                                                                                                                                         | TO APPROVE THE AMENDED ANDRESTATED GILEAD SCIENCES, INC.CODE SECTION 162(M) BONUS PLAN. | Management | For | For |
| 4.                                                                                                                                                         | TO APPROVE, ON AN ADVISORY BASIS,THE COMPENSATION OF OUR NAMEDEXECUTIVE OFFICERS AS PRESENTEDIN THE PROXY STATEMENT. | Management | For | For |
| 5.                                                                                                                                                         | TO VOTE ON A STOCKHOLDERPROPOSAL, IF PROPERLY PRESENTEDAT THE MEETING, REQUESTING THATTHE BOARD TAKE STEPS TO PERMITSTOCKHOLDER ACTION BY WRITTENCONSENT. | Shareholder | For | Against |  |
|                                                                                                                                                       |
| ALASKA AIR GROUP, INC.                                                                                                                                     |
| Security                                                                                                                                                   | 011659109 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | ALK | Meeting Date | 12-May-2016 |
| ISIN                                                                                                                                                       | US0116591092 | Agenda | 934359438 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1A.                                                                                                                                                        | ELECTION OF DIRECTOR: PATRICIA M.BEDIENT | Management | For | For |
| 1B.                                                                                                                                                        | ELECTION OF DIRECTOR: MARION C.BLAKEY | Management | For | For |
| 1C.                                                                                                                                                        | ELECTION OF DIRECTOR: PHYLLIS J.CAMPBELL | Management | For | For |
| 1D.                                                                                                                                                        | ELECTION OF DIRECTOR: DHIREN R.FONSECA | Management | For | For |
| 1E.                                                                                                                                                        | ELECTION OF DIRECTOR: JESSIE J.KNIGHT, JR. | Management | For | For |
| 1F.                                                                                                                                                        | ELECTION OF DIRECTOR: DENNIS F.MADSEN | Management | For | For |
| 1G.                                                                                                                                                        | ELECTION OF DIRECTOR: HELVI K.SANDVIK | Management | For | For |
| 1H.                                                                                                                                                        | ELECTION OF DIRECTOR: KATHERINE J.SAVITT | Management | For | For |
| 1I.                                                                                                                                                        | ELECTION OF DIRECTOR: J. KENNETHTHOMPSON | Management | For | For |
| 1J.                                                                                                                                                        | ELECTION OF DIRECTOR: BRADLEY D.TILDEN | Management | For | For |
| 1K.                                                                                                                                                        | ELECTION OF DIRECTOR: ERIC K.YEAMAN | Management | For | For |
| 2.                                                                                                                                                         | ADVISORY VOTE TO APPROVE THECOMPENSATION OF THE COMPANY'SNAMED EXECUTIVE OFFICERS. | Management | For | For |
| 3.                                                                                                                                                         | APPROVE THE COMPANY'S NEW 2016PERFORMANCE INCENTIVE PLAN. | Management | For | For |
| 4.                                                                                                                                                         | RATIFICATION OF THE APPOINTMENTOF KPMG LLP AS THE COMPANY'SINDEPENDENT REGISTERED PUBLICACCOUNTANTS FOR THE FISCAL YEAR2016. | Management | For | For |
|                                                                                                                                                       |
| THE TJX COMPANIES, INC.                                                                                                                                    |
| Security                                                                                                                                                   | 872540109 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | TJX | Meeting Date | 07-Jun-2016 |
| ISIN                                                                                                                                                       | US8725401090 | Agenda | 934413206 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1A.                                                                                                                                                        | ELECTION OF DIRECTOR: ZEINABDALLA | Management | For | For |
| 1B.                                                                                                                                                        | ELECTION OF DIRECTOR: JOSE B.ALVAREZ | Management | For | For |
| 1C.                                                                                                                                                        | ELECTION OF DIRECTOR: ALAN M.BENNETT | Management | For | For |
| 1D.                                                                                                                                                        | ELECTION OF DIRECTOR: DAVID T.CHING | Management | For | For |
| 1E.                                                                                                                                                        | ELECTION OF DIRECTOR: ERNIEHERRMAN | Management | For | For |
| 1F.                                                                                                                                                        | ELECTION OF DIRECTOR: MICHAEL F.HINES | Management | For | For |
| 1G.                                                                                                                                                        | ELECTION OF DIRECTOR: AMY B. LANE | Management | For | For |
| 1H.                                                                                                                                                        | ELECTION OF DIRECTOR: CAROLMEYROWITZ | Management | For | For |
| 1I.                                                                                                                                                        | ELECTION OF DIRECTOR: JOHN F.O'BRIEN | Management | For | For |
| 1J.                                                                                                                                                        | ELECTION OF DIRECTOR: WILLOW B.SHIRE | Management | For | For |
| 2.                                                                                                                                                         | RATIFICATION OF APPOINTMENT OFPRICEWATERHOUSECOOPERS ASTJX'S INDEPENDENT REGISTEREDPUBLIC ACCOUNTING FIRM FOR FISCAL2017. | Management | For | For |
| 3.                                                                                                                                                         | SAY-ON-PAY: ADVISORY APPROVAL OFTJX'S EXECUTIVE COMPENSATION. | Management | For | For |
| 4.                                                                                                                                                         | STOCKHOLDER PROPOSAL FORINCLUSION OF DIVERSITY AS A CEOPERFORMANCE MEASURE. | Shareholder | Against | Against |  |
| 5.                                                                                                                                                         | STOCKHOLDER PROPOSAL FOR AREVIEW AND SUMMARY REPORT ONEXECUTIVE COMPENSATION POLICIES. | Shareholder | Against | Against |  |
|                                                                                                                                                       |
| FLEETCOR TECHNOLOGIES INC.                                                                                                                                 |
| Security                                                                                                                                                   | 339041105 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | FLT | Meeting Date | 08-Jun-2016 |
| ISIN                                                                                                                                                       | US3390411052 | Agenda | 934403976 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1.                                                                                                                                                         | DIRECTOR | Management |  |
|                                                                                                                                                            | 1 | RONALD F. CLARKE | For | For |
|                                                                                                                                                            | 2 | JOSEPH W. FARRELLY | For | For |
|                                                                                                                                                            | 3 | RICHARD MACCHIA | For | For |
| 2.                                                                                                                                                         | RATIFY THE SELECTION OF ERNST &YOUNG LLP AS FLEETCOR'SINDEPENDENT AUDITOR FOR 2016. | Management | For | For |
| 3.                                                                                                                                                         | STOCKHOLDER PROPOSALREGARDING PROXY ACCESS FORDIRECTOR NOMINATIONS BYSTOCKHOLDERS. | Shareholder | For | Against |  |
| 4.                                                                                                                                                         | STOCKHOLDER PROPOSALREGARDING BOARD DIVERSITY ANDREPORTING. | Shareholder | Against | Take No Action |  |
| 5.                                                                                                                                                         | STOCKHOLDER PROPOSALREGARDING MAJORITY VOTING INUNCONTESTED DIRECTOR ELECTIONS. | Shareholder | Against | Take No Action |  |
|                                                                                                                                                       |
| ALPHABET INC                                                                                                                                               |
| Security                                                                                                                                                   | 02079K305 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | GOOGL | Meeting Date | 08-Jun-2016 |
| ISIN                                                                                                                                                       | US02079K3059 | Agenda | 934406667 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1.                                                                                                                                                         | DIRECTOR | Management |  |
|                                                                                                                                                            | 1 | LARRY PAGE | For | For |
|                                                                                                                                                            | 2 | SERGEY BRIN | For | For |
|                                                                                                                                                            | 3 | ERIC E. SCHMIDT | For | For |
|                                                                                                                                                            | 4 | L. JOHN DOERR | For | For |
|                                                                                                                                                            | 5 | DIANE B. GREENE | For | For |
|                                                                                                                                                            | 6 | JOHN L. HENNESSY | For | For |
|                                                                                                                                                            | 7 | ANN MATHER | For | For |
|                                                                                                                                                            | 8 | ALAN R. MULALLY | For | For |
|                                                                                                                                                            | 9 | PAUL S. OTELLINI | For | For |
|                                                                                                                                                            | 10 | K. RAM SHRIRAM | For | For |
|                                                                                                                                                            | 11 | SHIRLEY M. TILGHMAN | For | For |
| 2.                                                                                                                                                         | THE RATIFICATION OF THEAPPOINTMENT OF ERNST & YOUNG LLPAS ALPHABET'S INDEPENDENTREGISTERED PUBLIC ACCOUNTINGFIRM FOR THE FISCAL YEAR ENDINGDECEMBER 31, 2016. | Management | For | For |
| 3.                                                                                                                                                         | THE APPROVAL OF AMENDMENTS TOALPHABET'S 2012 STOCK PLAN TO....(DUE TO SPACE LIMITS, SEE PROXYSTATEMENT FOR FULL PROPOSAL). | Management | For | For |
| 4.                                                                                                                                                         | THE APPROVAL OF AN AMENDMENT TOTHE FOURTH AMENDED ANDRESTATED CERTIFICATE OFINCORPORATION OF GOOGLE INC.,ALPHABET'S WHOLLY OWNEDSUBSIDIARY, TO REMOVE A PROVISIONTHAT REQUIRES THE VOTE OF THESTOCKHOLDERS OF ALPHABET, INADDITION TO THE VOTE OF ALPHABET(AS SOLE STOCKHOLDER), IN ORDERFOR GOOGLE TO TAKE CERTAINACTIONS. | Management | For | For |
| 5.                                                                                                                                                         | A STOCKHOLDER PROPOSALREGARDING EQUAL SHAREHOLDERVOTING, IF PROPERLY PRESENTED ATTHE MEETING. | Shareholder | For | Against |  |
| 6.                                                                                                                                                         | A STOCKHOLDER PROPOSALREGARDING A LOBBYING REPORT, IFPROPERLY PRESENTED AT THEMEETING. | Shareholder | Against | Against |  |
| 7.                                                                                                                                                         | A STOCKHOLDER PROPOSALREGARDING A POLITICALCONTRIBUTIONS REPORT, IFPROPERLY PRESENTED AT THEMEETING. | Shareholder | Against | Against |  |
| 8.                                                                                                                                                         | A STOCKHOLDER PROPOSALREGARDING THE ADOPTION OF AMAJORITY VOTE STANDARD FOR THEELECTION OF DIRECTORS, IFPROPERLY PRESENTED AT THEMEETING. | Shareholder | For | Against |  |
| 9.                                                                                                                                                         | A STOCKHOLDER PROPOSALREGARDING AN INDEPENDENTCHAIRMAN OF THE BOARD POLICY, IFPROPERLY PRESENTED AT THEMEETING. | Shareholder | For | Against |  |
| 10.                                                                                                                                                        | A STOCKHOLDER PROPOSALREGARDING A REPORT ON GENDERPAY, IF PROPERLY PRESENTED AT THEMEETING. | Shareholder | Against | Against |  |
|                                                                                                                                                       |
| SIGNET JEWELERS LIMITED                                                                                                                                    |
| Security                                                                                                                                                   | G81276100 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | SIG | Meeting Date | 17-Jun-2016 |
| ISIN                                                                                                                                                       | BMG812761002 | Agenda | 934416202 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1A.                                                                                                                                                        | ELECTION OF DIRECTOR: H. TODDSTITZER | Management | For | For |
| 1B.                                                                                                                                                        | ELECTION OF DIRECTOR: VIRGINIADROSOS | Management | For | For |
| 1C.                                                                                                                                                        | ELECTION OF DIRECTOR: DALEHILPERT | Management | For | For |
| 1D.                                                                                                                                                        | ELECTION OF DIRECTOR: MARK LIGHT | Management | For | For |
| 1E.                                                                                                                                                        | ELECTION OF DIRECTOR: HELENMCCLUSKEY | Management | For | For |
| 1F.                                                                                                                                                        | ELECTION OF DIRECTOR: MARIANNEMILLER PARRS | Management | For | For |
| 1G.                                                                                                                                                        | ELECTION OF DIRECTOR: THOMASPLASKETT | Management | For | For |
| 1H.                                                                                                                                                        | ELECTION OF DIRECTOR: ROBERTSTACK | Management | For | For |
| 1I.                                                                                                                                                        | ELECTION OF DIRECTOR: EUGENIAULASEWICZ | Management | For | For |
| 1J.                                                                                                                                                        | ELECTION OF DIRECTOR: RUSSELLWALLS | Management | For | For |
| 2.                                                                                                                                                         | APPOINTMENT OF KPMG LLP ASINDEPENDENT AUDITOR OF THECOMPANY. | Management | For | For |
| 3.                                                                                                                                                         | APPROVAL, ON A NON-BINDINGADVISORY BASIS, OF THECOMPENSATION OF OUR NAMEDEXECUTIVE OFFICERS AS DISCLOSEDIN THE PROXY STATEMENT. | Management | For | For |
|                                                                                                                                                       |
| FACEBOOK INC.                                                                                                                                              |
| Security                                                                                                                                                   | 30303M102 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | FB | Meeting Date | 20-Jun-2016 |
| ISIN                                                                                                                                                       | US30303M1027 | Agenda | 934444946 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1.                                                                                                                                                         | DIRECTOR | Management |  |
|                                                                                                                                                            | 1 | MARC L. ANDREESSEN | For | For |
|                                                                                                                                                            | 2 | ERSKINE B. BOWLES | For | For |
|                                                                                                                                                            | 3 | S.D. DESMOND-HELLMANN | For | For |
|                                                                                                                                                            | 4 | REED HASTINGS | For | For |
|                                                                                                                                                            | 5 | JAN KOUM | For | For |
|                                                                                                                                                            | 6 | SHERYL K. SANDBERG | For | For |
|                                                                                                                                                            | 7 | PETER A. THIEL | For | For |
|                                                                                                                                                            | 8 | MARK ZUCKERBERG | For | For |
| 2.                                                                                                                                                         | TO RATIFY THE APPOINTMENT OFERNST & YOUNG LLP AS FACEBOOK,INC.'S INDEPENDENT REGISTEREDPUBLIC ACCOUNTING FIRM FOR THEFISCAL YEAR ENDING DECEMBER 31,2016. | Management | For | For |
| 3.                                                                                                                                                         | TO HOLD A NON-BINDING ADVISORYVOTE ON THE COMPENSATIONPROGRAM FOR OUR NAMEDEXECUTIVE OFFICERS AS DISCLOSEDIN OUR PROXY STATEMENT. | Management | For | For |
| 4.                                                                                                                                                         | TO RATIFY OUR GRANT OFRESTRICTED STOCK UNITS (RSUS) TOOUR NON-EMPLOYEE DIRECTORSDURING THE YEAR ENDED DECEMBER31, 2013. | Management | For | For |
| 5.                                                                                                                                                         | TO RATIFY OUR GRANT OF RSUS TOOUR NON-EMPLOYEE DIRECTORSDURING THE YEARS ENDEDDECEMBER 31, 2014 AND 2015. | Management | For | For |
| 6.                                                                                                                                                         | TO APPROVE OUR ANNUALCOMPENSATION PROGRAM FOR NON-EMPLOYEE DIRECTORS. | Management | For | For |
| 7A.                                                                                                                                                        | TO APPROVE THE ADOPTION OF OURAMENDED AND RESTATEDCERTIFICATE OF INCORPORATION,COMPRISING: THE APPROVAL OF THEADOPTION OF AMENDMENTS TO OURRESTATED CERTIFICATE OFINCORPORATION TO ESTABLISH THECLASS C CAPITAL STOCK AND TOMAKE CERTAIN CLARIFYING CHANGES. | Management | For | For |
| 7B.                                                                                                                                                        | TO APPROVE THE ADOPTION OF OURAMENDED AND RESTATEDCERTIFICATE OF INCORPORATION,COMPRISING: THE APPROVAL OF THEADOPTION OF AMENDMENTS TO OURRESTATED CERTIFICATE OFINCORPORATION TO INCREASE THENUMBER OF AUTHORIZED SHARES OFCLASS A COMMON STOCK FROM5,000,000,000 TO 20,000,000,000. | Management | For | For |
| 7C.                                                                                                                                                        | TO APPROVE THE ADOPTION OF OURAMENDED AND RESTATEDCERTIFICATE OF INCORPORATION,COMPRISING: THE APPROVAL OF THEADOPTION OF AMENDMENTS TO OURRESTATED CERTIFICATE OFINCORPORATION TO PROVIDE FORTHE EQUAL TREATMENT OF SHARESOF CLASS A COMMON STOCK, CLASS BCOMMON STOCK, AND CLASS CCAPITAL STOCK IN CONNECTION WITHDIVIDENDS AND DISTRIBUTIONS,CERTAIN TRANSACTIONS, AND UPONOUR LIQUIDATION, DISSOLUTION, ORWINDING UP. | Management | For | For |
| 7D.                                                                                                                                                        | TO APPROVE THE ADOPTION OF OURAMENDED AND RESTATEDCERTIFICATE OF INCORPORATION,COMPRISING: THE APPROVAL OF THEADOPTION OF AMENDMENTS TO OURRESTATED CERTIFICATE OFINCORPORATION TO PROVIDE FORADDITIONAL EVENTS UPON WHICH ALLOF OUR SHARES OF CLASS B COMMONSTOCK WILL AUTOMATICALLYCONVERT TO CLASS A COMMONSTOCK, TO PROVIDE FOR ADDITIONALINSTANCES WHERE CLASS B COMMONSTOCK WOULD NOT CONVERT TOCLASS A COMMON STOCK INCONNECTION WITH CERTAINTRANSFERS, AND TO MAKE CERTAINRELATED CHANGES TO THE CLASS BCOMMON STOCK CONVERSIONPROVISIONS. | Management | For | For |
| 8.                                                                                                                                                         | TO AMEND AND RESTATE OUR 2012EQUITY INCENTIVE PLAN. | Management | For | For |
| 9.                                                                                                                                                         | A STOCKHOLDER PROPOSALREGARDING CHANGE INSTOCKHOLDER VOTING. | Shareholder | Against | Against |  |
| 10.                                                                                                                                                        | A STOCKHOLDER PROPOSALREGARDING AN ANNUALSUSTAINABILITY REPORT. | Shareholder | Against | Against |  |
| 11.                                                                                                                                                        | A STOCKHOLDER PROPOSALREGARDING A LOBBYING REPORT. | Shareholder | Against | Against |  |
| 12.                                                                                                                                                        | A STOCKHOLDER PROPOSALREGARDING AN INTERNATIONALPUBLIC POLICY COMMITTEE. | Shareholder | Against | Against |  |
| 13.                                                                                                                                                        | A STOCKHOLDER PROPOSALREGARDING A GENDER PAY EQUITYREPORT. | Shareholder | Against | Against |  |
|                                                                                                                                                       |
| MEDIVATION, INC.                                                                                                                                           |
| Security                                                                                                                                                   | 58501N101 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | MDVN | Meeting Date | 22-Jun-2016 |
| ISIN                                                                                                                                                       | US58501N1019 | Agenda | 934417278 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1.                                                                                                                                                         | DIRECTOR | Management |  |
|                                                                                                                                                            | 1 | KIM D. BLICKENSTAFF | For | For |
|                                                                                                                                                            | 2 | KATHRYN E. FALBERG | For | For |
|                                                                                                                                                            | 3 | DAVID T. HUNG, M.D. | For | For |
|                                                                                                                                                            | 4 | MICHAEL L. KING, PH.D. | For | For |
|                                                                                                                                                            | 5 | C. PATRICK MACHADO | For | For |
|                                                                                                                                                            | 6 | DAWN SVORONOS | For | For |
|                                                                                                                                                            | 7 | W. ANTHONY VERNON | For | For |
|                                                                                                                                                            | 8 | WENDY L. YARNO | For | For |
| 2.                                                                                                                                                         | TO RATIFY THE SELECTION BY THEAUDIT COMMITTEE OF THE BOARD OFDIRECTORS OFPRICEWATERHOUSECOOPERS LLP ASMEDIVATION'S INDEPENDENTREGISTERED PUBLIC ACCOUNTINGFIRM FOR THE FISCAL YEAR ENDINGDECEMBER 31, 2016. | Management | For | For |
| 3.                                                                                                                                                         | TO APPROVE, ON AN ADVISORY BASIS,THE COMPENSATION OF MEDIVATION'SNAMED EXECUTIVE OFFICERS, ASDISCLOSED IN THE PROXY STATEMENTOF MEDIVATION. | Management | For | For |
| 4.                                                                                                                                                         | TO APPROVE AN AMENDMENT ANDRESTATEMENT OF THE MEDIVATION,INC. AMENDED AND RESTATED 2004EQUITY INCENTIVE AWARD PLAN TOINCREASE THE NUMBER OF SHARESOF MEDIVATION'S COMMON STOCKRESERVED FOR ISSUANCE UNDER THEPLAN BY 1,600,000 SHARES AND MAKECERTAIN OTHER CHANGES ASDESCRIBED IN PROPOSAL NO. 4 IN THEPROXY STATEMENT OF MEDIVATION. | Management | For | For |
| 5.                                                                                                                                                         | THE SHAREHOLDER PROPOSALREGARDING PROXY ACCESS, IFPROPERLY PRESENTED AT THEANNUAL MEETING. | Shareholder | Against | Against |  |
|                                                                                                                                                       |
| MASTERCARD INCORPORATED                                                                                                                                    |
| Security                                                                                                                                                   | 57636Q104 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                              | MA | Meeting Date | 28-Jun-2016 |
| ISIN                                                                                                                                                       | US57636Q1040 | Agenda | 934417280 – Management |
|                                                                                                                                                       |
| Item                                                                                                                                                       | Proposal | Proposedby | Vote | Management Recommendation |
| 1A.                                                                                                                                                        | ELECTION OF DIRECTOR: RICHARDHAYTHORNTHWAITE | Management | For | For |
| 1B.                                                                                                                                                        | ELECTION OF DIRECTOR: AJAY BANGA | Management | For | For |
| 1C.                                                                                                                                                        | ELECTION OF DIRECTOR: SILVIO BARZI | Management | For | For |
| 1D.                                                                                                                                                        | ELECTION OF DIRECTOR: DAVID R.CARLUCCI | Management | For | For |
| 1E.                                                                                                                                                        | ELECTION OF DIRECTOR: STEVEN J.FREIBERG | Management | For | For |
| 1F.                                                                                                                                                        | ELECTION OF DIRECTOR: JULIUSGENACHOWSKI | Management | For | For |
| 1G.                                                                                                                                                        | ELECTION OF DIRECTOR: MERIT E.JANOW | Management | For | For |
| 1H.                                                                                                                                                        | ELECTION OF DIRECTOR: NANCY J.KARCH | Management | For | For |
| 1I.                                                                                                                                                        | ELECTION OF DIRECTOR: OKIMATSUMOTO | Management | For | For |
| 1J.                                                                                                                                                        | ELECTION OF DIRECTOR: RIMAQURESHI | Management | For | For |
| 1K.                                                                                                                                                        | ELECTION OF DIRECTOR: JOSEOCTAVIO REYES LAGUNES | Management | For | For |
| 1L.                                                                                                                                                        | ELECTION OF DIRECTOR: JACKSON TAI | Management | For | For |
| 2.                                                                                                                                                         | ADVISORY APPROVAL OFMASTERCARD'S EXECUTIVECOMPENSATION | Management | For | For |
| 3.                                                                                                                                                         | RATIFICATION OF THE APPOINTMENTOF PRICEWATERHOUSECOOPERS LLPAS THE INDEPENDENT REGISTEREDPUBLIC ACCOUNTING FIRM FORMASTERCARD FOR 2016 | Management | For | For |
|                                                                                                                                                       |

 

| Saturna Investment Trust, Sextant International Fund (SSIFX)**Proxy Voting Record relating to shareholder meetings held from July 1, 2015 through June 30, 2016** |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| SINOPHARM GROUP CO LTD, SHANGHAI                                                                                                                                  |
| Security                                                                                                                                                          | Y8008N107 | Meeting Type | ExtraOrdinary General Meeting |
| Ticker Symbol                                                                                                                                                     | 1099 HK | Meeting Date | 20-Aug-2015 |
| ISIN                                                                                                                                                              | CNE100000FN7 | Agenda | 706307584 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1                                                                                                                                                                 | TO CONSIDER AND, IF THOUGHT FIT,TO APPROVE (I) THE ISSUE OF THECORPORATE BONDS IN THE PRC OFNO MORE THAN RMB10,000,000,000 INSCALE (THE "CORPORATE BONDS");AND (II) THE BOARD OF DIRECTORS OFTHE COMPANY OR THE PERSON(S)AUTHORISED BY IT TO DETERMINEAND ADJUST THE SPECIFIC PLAN OFTHE PROPOSED ISSUE OF THECORPORATE BONDS AND DO ALL SUCHACTS AND THINGS, TO SIGN ANDEXECUTE ALL SUCH OTHERDOCUMENTS TO GIVE EFFECT TO ORIN CONNECTION WITH THE PROPOSEDISSUE OF THE CORPORATE BONDS ORANY TRANSACTIONS CONTEMPLATEDTHEREUNDER | Management | For |  | For |  |
|                                                                                                                                                              |
| KOREA ELECTRIC POWER CORPORATION                                                                                                                                  |
| Security                                                                                                                                                          | 500631106 | Meeting Type | Special |
| Ticker Symbol                                                                                                                                                     | KEP | Meeting Date | 27-Aug-2015 |
| ISIN                                                                                                                                                              | US5006311063 | Agenda | 934270377 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 4.1                                                                                                                                                               | ELECTION OF STANDING DIRECTOR:KIM, SI-HO | Management | For |  | For |  |
| 4.2                                                                                                                                                               | ELECTION OF STANDING DIRECTOR:PARK, SUNG-CHUL | Management | For |  | For |  |
| 4.3                                                                                                                                                               | ELECTION OF STANDING DIRECTOR:HYUN, SANG-KWON | Management | For |  | For |  |
|                                                                                                                                                              |
| KONINKLIJKE PHILIPS ELECTRONICS N.V.                                                                                                                              |
| Security                                                                                                                                                          | 500472303 | Meeting Type | Special |
| Ticker Symbol                                                                                                                                                     | PHG | Meeting Date | 18-Dec-2015 |
| ISIN                                                                                                                                                              | US5004723038 | Agenda | 934307732 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.                                                                                                                                                                | PROPOSAL TO APPOINT MR A.BHATTACHARYA AS MEMBER OF THEBOARD OF MANAGEMENT WITHEFFECT FROM DECEMBER 18, 2015. | Management | For |  | For |  |
|                                                                                                                                                              |
| SINOPHARM GROUP CO LTD, SHANGHAI                                                                                                                                  |
| Security                                                                                                                                                          | Y8008N107 | Meeting Type | ExtraOrdinary General Meeting |
| Ticker Symbol                                                                                                                                                     | 1099 HK | Meeting Date | 29-Jan-2016 |
| ISIN                                                                                                                                                              | CNE100000FN7 | Agenda | 706637266 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1                                                                                                                                                                 | TO CONSIDER AND APPROVE THEAMENDMENTS TO THE RULES OFPROCEDURES OF THE BOARD OFDIRECTORS | Management | For |  | For |  |
| 2                                                                                                                                                                 | TO CONSIDER AND, IF THOUGHT FIT,TO APPROVE THE APPOINTMENT OFMR. LIAN WANYONG AS A NON-EXECUTIVE DIRECTOR OF THECOMPANY, TO AUTHORISE THE BOARDOF DIRECTORS OF THE COMPANY TODETERMINE HIS REMUNERATION, ANDTO AUTHORISE ANY EXECUTIVEDIRECTOR OF THE COMPANY TOEXECUTE A SERVICE CONTRACT ORSUCH OTHER DOCUMENTS ORSUPPLEMENTAL AGREEMENTS ORDEEDS ON BEHALF OF THE COMPANY | Management | For |  | For |  |
| 3                                                                                                                                                                 | TO CONSIDER AND, IF THOUGHT FIT,TO APPROVE THE APPOINTMENT OFMs. LI XIAOJUAN AS A SHAREHOLDERREPRESENTATIVE SUPERVISOR OFTHE COMPANY, TO AUTHORISE THESUPERVISORY COMMITTEE OF THECOMPANY TO DETERMINE HER | Management | For |  | For |  |
|                                                                                                                                                                   |  | REMUNERATION, AND TO AUTHORISEANY EXECUTIVE DIRECTOR OF THECOMPANY TO EXECUTE A SERVICECONTRACT OR SUCH OTHERDOCUMENTS OR SUPPLEMENTALAGREEMENTS OR DEEDS ON BEHALFOF THE COMPANY |  |  |  |  |  |  |
| 4                                                                                                                                                                 | TO CONSIDER AND, IF THOUGHT FIT,TO APPROVE THE AMENDMENTS TOTHE ARTICLES OF ASSOCIATION OFTHE COMPANY | Management | For |  | For |  |
|                                                                                                                                                              |
| NOVARTIS AG                                                                                                                                                       |
| Security                                                                                                                                                          | 66987V109 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | NVS | Meeting Date | 23-Feb-2016 |
| ISIN                                                                                                                                                              | US66987V1098 | Agenda | 934325564 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.                                                                                                                                                                | APPROVAL OF THE OPERATING ANDFINANCIAL REVIEW OF NOVARTIS AG,THE FINANCIAL STATEMENTS OFNOVARTIS AG AND THE GROUPCONSOLIDATED FINANCIALSTATEMENTS FOR THE 2015 FINANCIALYEAR | Management | For |  | For |  |
| 2.                                                                                                                                                                | DISCHARGE FROM LIABILITY OF THEMEMBERS OF THE BOARD OFDIRECTORS AND THE EXECUTIVECOMMITTEE | Management | For |  | For |  |
| 3.                                                                                                                                                                | APPROPRIATION OF AVAILABLEEARNINGS OF NOVARTIS AG AS PERBALANCE SHEET AND DECLARATIONOF DIVIDEND | Management | For |  | For |  |
| 4.                                                                                                                                                                | REDUCTION OF SHARE CAPITAL | Management | For |  | For |  |
| 5.                                                                                                                                                                | FURTHER SHARE REPURCHASEPROGRAM | Management | For |  | For |  |
| 6A.                                                                                                                                                               | BINDING VOTE ON TOTALCOMPENSATION FOR MEMBERS OFTHE BOARD OF DIRECTORS FROM THE2016 ANNUAL GENERAL MEETING TOTHE 2017 ANNUAL GENERAL MEETING | Management | For |  | For |  |
| 6B.                                                                                                                                                               | BINDING VOTE ON TOTALCOMPENSATION FOR MEMBERS OFTHE EXECUTIVE COMMITTEE FOR THENEXT FINANCIAL YEAR, I.E. 2017 | Management | For |  | For |  |
| 6C.                                                                                                                                                               | ADVISORY VOTE ON THE 2015COMPENSATION REPORT | Management | For |  | For |  |
| 7A.                                                                                                                                                               | RE-ELECTION OF JOERG REINHARDT,PH.D., AND RE-ELECTION ASCHAIRMAN OF THE BOARD OFDIRECTORS (IN A SINGLE VOTE) | Management | For |  | For |  |
| 7B.                                                                                                                                                               | RE-ELECTION OF NANCY C. ANDREWS,M.D., PH.D. TO THE BOARD OFDIRECTORS | Management | For |  | For |  |
| 7C.                                                                                                                                                               | RE-ELECTION OF DIMITRI AZAR, M.D.,MBA TO THE BOARD OF DIRECTORS | Management | For |  | For |  |
| 7D.                                                                                                                                                               | RE-ELECTION OF SRIKANT DATAR,PH.D. TO THE BOARD OF DIRECTORS | Management | For |  | For |  |
| 7E.                                                                                                                                                               | RE-ELECTION OF ANN FUDGE TO THEBOARD OF DIRECTORS | Management | For |  | For |  |
| 7F.                                                                                                                                                               | RE-ELECTION OF PIERRE LANDOLT,PH.D. TO THE BOARD OF DIRECTORS | Management | For |  | For |  |
| 7G.                                                                                                                                                               | RE-ELECTION OF ANDREAS VONPLANTA, PH.D. TO THE BOARD OFDIRECTORS | Management | For |  | For |  |
| 7H.                                                                                                                                                               | RE-ELECTION OF CHARLES L.SAWYERS, M.D. TO THE BOARD OFDIRECTORS | Management | For |  | For |  |
| 7I.                                                                                                                                                               | RE-ELECTION OF ENRICO VANNI, PH.D.TO THE BOARD OF DIRECTORS | Management | For |  | For |  |
| 7J.                                                                                                                                                               | RE-ELECTION OF WILLIAM T. WINTERSTO THE BOARD OF DIRECTORS | Management | For |  | For |  |
| 7K.                                                                                                                                                               | ELECTION OF TON BUECHNER TO THEBOARD OF DIRECTORS | Management | For |  | For |  |
| 7L.                                                                                                                                                               | ELECTION OF ELIZABETH DOHERTY TOTHE BOARD OF DIRECTORS | Management | For |  | For |  |
| 8A.                                                                                                                                                               | RE-ELECTION OF SRIKANT DATAR,PH.D., AS MEMBER OF THECOMPENSATION COMMITTEE | Management | For |  | For |  |
| 8B.                                                                                                                                                               | RE-ELECTION OF ANN FUDGE ASMEMBER OF THE COMPENSATIONCOMMITTEE | Management | For |  | For |  |
| 8C.                                                                                                                                                               | RE-ELECTION OF ENRICO VANNI, PH.D.,AS MEMBER OF THE COMPENSATIONCOMMITTEE | Management | For |  | For |  |
| 8D.                                                                                                                                                               | RE-ELECTION OF WILLIAM T. WINTERSAS MEMBER OF THE COMPENSATIONCOMMITTEE | Management | For |  | For |  |
| 9.                                                                                                                                                                | RE-ELECTION OF THE STATUTORYAUDITOR | Management | For |  | For |  |
| 10.                                                                                                                                                               | RE-ELECTION OF THE INDEPENDENTPROXY | Management | For |  | For |  |
| 11.                                                                                                                                                               | GENERAL INSTRUCTIONS IN CASE OFALTERNATIVE MOTIONS UNDER THEAGENDA ITEMS PUBLISHED IN THENOTICE OF ANNUAL GENERALMEETING, AND/OR OF MOTIONSRELATING TO ADDITIONAL AGENDAITEMS ACCORDING TO ARTICLE 700PARAGRAPH 3 OF THE SWISS CODE OFOBLIGATIONS | Management | For |  | Take No Action |  |
|                                                                                                                                                              |
| SINOPHARM GROUP CO LTD, SHANGHAI                                                                                                                                  |
| Security                                                                                                                                                          | Y8008N107 | Meeting Type | ExtraOrdinary General Meeting |
| Ticker Symbol                                                                                                                                                     | 1099 HK | Meeting Date | 08-Mar-2016 |
| ISIN                                                                                                                                                              | CNE100000FN7 | Agenda | 706648500 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1                                                                                                                                                                 | TO CONSIDER AND, IF THOUGHT FIT,TO APPROVE THE APPOINTMENT OFMR. ZHUO FUMIN AS AN INDEPENDENTNON-EXECUTIVE DIRECTOR OF THECOMPANY, TO AUTHORISE THE BOARDOF DIRECTORS OF THE COMPANY TODETERMINE HIS REMUNERATION, ANDTO AUTHORISE ANY EXECUTIVEDIRECTOR OF THE COMPANY TOEXECUTE A SERVICE CONTRACT ORSUCH OTHER DOCUMENTS ORSUPPLEMENTAL AGREEMENTS ORDEEDS ON BEHALF OF THE COMPANY | Management | For |  | For |  |
|                                                                                                                                                              |
| BANCO SANTANDER, S.A.                                                                                                                                             |
| Security                                                                                                                                                          | 05964H105 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | SAN | Meeting Date | 18-Mar-2016 |
| ISIN                                                                                                                                                              | US05964H1059 | Agenda | 934329358 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1A                                                                                                                                                                | RESOLUTION 1A | Management | For |  | Take No Action |  |
| 1B                                                                                                                                                                | RESOLUTION 1B | Management | For |  | Take No Action |  |
| 2                                                                                                                                                                 | RESOLUTION 2 | Management | For |  | Take No Action |  |
| 3A                                                                                                                                                                | RESOLUTION 3A | Management | For |  | Take No Action |  |
| 3B                                                                                                                                                                | RESOLUTION 3B | Management | For |  | Take No Action |  |
| 3C                                                                                                                                                                | RESOLUTION 3C | Management | For |  | Take No Action |  |
| 3D                                                                                                                                                                | RESOLUTION 3D | Management | For |  | Take No Action |  |
| 3E                                                                                                                                                                | RESOLUTION 3E | Management | For |  | Take No Action |  |
| 3F                                                                                                                                                                | RESOLUTION 3F | Management | For |  | Take No Action |  |
| 3G                                                                                                                                                                | RESOLUTION 3G | Management | For |  | Take No Action |  |
| 4                                                                                                                                                                 | RESOLUTION 4 | Management | For |  | Take No Action |  |
| 5A                                                                                                                                                                | RESOLUTION 5A | Management | For |  | Take No Action |  |
| 5B                                                                                                                                                                | RESOLUTION 5B | Management | For |  | Take No Action |  |
| 5C                                                                                                                                                                | RESOLUTION 5C | Management | For |  | Take No Action |  |
| 6A                                                                                                                                                                | RESOLUTION 6A | Management | For |  | Take No Action |  |
| 6B                                                                                                                                                                | RESOLUTION 6B | Management | For |  | Take No Action |  |
| 7                                                                                                                                                                 | RESOLUTION 7 | Management | For |  | Take No Action |  |
| 8                                                                                                                                                                 | RESOLUTION 8 | Management | For |  | Take No Action |  |
| 9                                                                                                                                                                 | RESOLUTION 9 | Management | For |  | Take No Action |  |
| 10                                                                                                                                                                | RESOLUTION 10 | Management | For |  | Take No Action |  |
| 11                                                                                                                                                                | RESOLUTION 11 | Management | For |  | Take No Action |  |
| 12                                                                                                                                                                | RESOLUTION 12 | Management | For |  | Take No Action |  |
| 13A                                                                                                                                                               | RESOLUTION 13A | Management | For |  | Take No Action |  |
| 13B                                                                                                                                                               | RESOLUTION 13B | Management | For |  | Take No Action |  |
| 13C                                                                                                                                                               | RESOLUTION 13C | Management | For |  | Take No Action |  |
| 13D                                                                                                                                                               | RESOLUTION 13D | Management | For |  | Take No Action |  |
| 14                                                                                                                                                                | RESOLUTION 14 | Management | For |  | Take No Action |  |
| 15                                                                                                                                                                | RESOLUTION 15 | Management | For |  | Take No Action |  |
|                                                                                                                                                              |
| SK TELECOM CO., LTD.                                                                                                                                              |
| Security                                                                                                                                                          | 78440P108 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | SKM | Meeting Date | 18-Mar-2016 |
| ISIN                                                                                                                                                              | US78440P1084 | Agenda | 934334145 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.                                                                                                                                                                | APPROVAL OF FINANCIALSTATEMENTS FOR THE 32ND FISCALYEAR (FROM JANUARY 1, 2015 TODECEMBER 31, 2015) AS SET FORTH INITEM 1 OF THE COMPANY'S AGENDAENCLOSED HEREWITH. | Management | For |  | Take No Action |  |
| 2.                                                                                                                                                                | APPROVAL OF AMENDMENTS TO THEARTICLES OF INCORPORATION AS SETFORTH IN ITEM 2 OF THE COMPANY'SAGENDA ENCLOSED HEREWITH. | Management | For |  | Take No Action |  |
| 3.1                                                                                                                                                               | ELECTION OF AN EXECUTIVEDIRECTOR: CHO, DAE SIK (INSIDEDIRECTOR) | Management | For |  | Take No Action |  |
| 3.2                                                                                                                                                               | ELECTION OF AN EXECUTIVEDIRECTOR: OH, DAE SHICK (OUTSIDEDIRECTOR) | Management | For |  | Take No Action |  |
| 4.                                                                                                                                                                | APPROVAL OF THE ELECTION OF AMEMBER OF THE AUDIT COMMITTEE ASSET FORTH IN ITEM 4 OF THECOMPANY'S AGENDA ENCLOSEDHEREWITH: OH, DAE SHICK. | Management | For |  | Take No Action |  |
| 5.                                                                                                                                                                | APPROVAL OF THE CEILING AMOUNTOF THE REMUNERATION FORDIRECTORS. *PROPOSED CEILINGAMOUNT OF THE REMUNERATION FORDIRECTORS IS KRW 12 BILLION. | Management | For |  | Take No Action |  |
| 6.                                                                                                                                                                | APPROVAL OF THE AMENDMENT TOTHE REMUNERATION POLICY FOREXECUTIVES. *PROPOSED TOP LEVELMANAGEMENT (CHAIRMAN, VICE-CHAIRMAN AND CEO LEVEL) PAYOUTRATE DECREASED FROM 6.0 OR 5.5 TO4.0 | Management | For |  | Take No Action |  |
|                                                                                                                                                              |
| KOREA ELECTRIC POWER CORPORATION                                                                                                                                  |
| Security                                                                                                                                                          | 500631106 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | KEP | Meeting Date | 22-Mar-2016 |
| ISIN                                                                                                                                                              | US5006311063 | Agenda | 934344057 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 4.1                                                                                                                                                               | APPROVAL OF FINANCIALSTATEMENTS FOR THE FISCAL YEAR2015 | Management | For |  | For |  |
| 4.2                                                                                                                                                               | APPROVAL OF THE CEILING AMOUNTOF REMUNERATION FOR DIRECTORSIN 2016 | Management | For |  | For |  |
|                                                                                                                                                              |
| TURKCELL ILETISIM HIZMETLERI A.S.                                                                                                                                 |
| Security                                                                                                                                                          | 900111204 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | TKC | Meeting Date | 29-Mar-2016 |
| ISIN                                                                                                                                                              | US9001112047 | Agenda | 934337406 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 2.                                                                                                                                                                | AUTHORIZING THE PRESIDENCYBOARD TO SIGN THE MINUTES OF THEMEETING. | Management | For |  | For |  |
| 5.                                                                                                                                                                | READING, DISCUSSION AND APPROVALOF THE TURKISH COMMERCIAL CODEAND CAPITAL MARKETS BOARDBALANCE SHEETS AND PROFITS/LOSSSTATEMENTS RELATING TO FISCALYEAR 2015. | Management | For |  | For |  |
| 6.                                                                                                                                                                | RELEASE OF THE BOARD MEMBERSINDIVIDUALLY FROM THE ACTIVITIESAND OPERATIONS OF THE COMPANYPERTAINING TO THE YEAR 2015. | Management | For |  | For |  |
| 7.                                                                                                                                                                | DISCUSSION OF AND DECISION ONBOARD OF DIRECTORS' PROPOSAL ONCOMPANY'S DONATION POLICY;SUBMITTING THE SAME TO THEAPPROVAL OF SHAREHOLDERS. | Management | For |  | For |  |
| 8.                                                                                                                                                                | INFORMING THE GENERAL ASSEMBLYON THE DONATION ANDCONTRIBUTIONS MADE IN 2015;DISCUSSION OF AND DECISION ONBOARD OF DIRECTORS' PROPOSALCONCERNING DETERMINATION OFDONATION LIMIT TO BE MADE IN 2016,STARTING FROM THE FISCAL YEAR2016. | Management | For |  | For |  |
| 9.                                                                                                                                                                | SUBJECT TO THE APPROVAL OF THEMINISTRY OF CUSTOMS AND TRADEAND CAPITAL MARKETS BOARD;DISCUSSION OF AND DECISION ON THEAMENDMENT OF ARTICLES 3, 4, 6, 7, 8,9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 21,24, 25 AND 26 OF THE ARTICLES OFASSOCIATION OF THE COMPANY. | Management | For |  | For |  |
| 10.                                                                                                                                                               | ELECTION OF NEW BOARD MEMBERSIN ACCORDANCE WITH RELATEDLEGISLATION AND DETERMINATION OFTHE NEWLY ELECTED BOARDMEMBERS' TERM OF OFFICE IF THEREWILL BE ANY NEW ELECTION. | Management | For |  | For |  |
| 11.                                                                                                                                                               | DETERMINATION OF THEREMUNERATION OF THE BOARD OFDIRECTORS MEMBERS. | Management | For |  | For |  |
| 12.                                                                                                                                                               | DISCUSSION OF AND APPROVAL OFTHE ELECTION OF THE INDEPENDENTAUDIT FIRM APPOINTED BY THE BOARDOF DIRECTORS PURSUANT TOTURKISH COMMERCIAL CODE AND THECAPITAL MARKETS LEGISLATION FORAUDITING OF THE ACCOUNTS ANDFINANCIALS OF THE YEAR 2016. | Management | For |  | For |  |
| 13.                                                                                                                                                               | DISCUSSION OF AND DECISION ONBOARD OF DIRECTORS' PROPOSAL ONSHARE BUYBACK PLAN ANDAUTHORIZING THE BOARD OFDIRECTORS FOR CARRYING OUTSHARE BUYBACK IN LINE WITH THEMENTIONED PLAN, WITHIN THE SCOPEOF THE COMMUNIQUE ON BUY-BACKED SHARES (NUMBERED II-22.1). | Management | For |  | For |  |
| 14.                                                                                                                                                               | DECISION PERMITTING THE BOARDMEMBERS TO, DIRECTLY OR ONBEHALF OF OTHERS, BE ACTIVE INAREAS FALLING WITHIN OR OUTSIDETHE SCOPE OF THE COMPANY'SOPERATIONS AND TO PARTICIPATE INCOMPANIES OPERATING IN THE SAMEBUSINESS AND TO PERFORM OTHERACTS IN COMPLIANCE WITH ARTICLES395 AND 396 OF THE TURKISHCOMMERCIAL CODE. | Management | For |  | For |  |
| 15.                                                                                                                                                               | DISCUSSION OF AND DECISION ON THEDISTRIBUTION OF DIVIDEND FOR THEYEAR 2015 AND DETERMINATION OFTHE DIVIDEND DISTRIBUTION DATE. | Management | For |  | For |  |
|                                                                                                                                                              |
| THE TORONTO-DOMINION BANK                                                                                                                                         |
| Security                                                                                                                                                          | 891160509 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | TD | Meeting Date | 31-Mar-2016 |
| ISIN                                                                                                                                                              | CA8911605092 | Agenda | 934329613 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| A                                                                                                                                                                 | DIRECTOR | Management |  |  |  |  |
|                                                                                                                                                                   |  | 1 | WILLIAM E. BENNETT | For |  | For |  |
|                                                                                                                                                                   |  | 2 | AMY W. BRINKLEY | For |  | For |  |
|                                                                                                                                                                   |  | 3 | BRIAN C. FERGUSON | For |  | For |  |
|                                                                                                                                                                   |  | 4 | COLLEEN A. GOGGINS | For |  | For |  |
|                                                                                                                                                                   |  | 5 | MARY JO HADDAD | For |  | For |  |
|                                                                                                                                                                   |  | 6 | JEAN-RENÉ HALDE | For |  | For |  |
|                                                                                                                                                                   |  | 7 | DAVID E. KEPLER | For |  | For |  |
|                                                                                                                                                                   |  | 8 | BRIAN M. LEVITT | For |  | For |  |
|                                                                                                                                                                   |  | 9 | ALAN N. MACGIBBON | For |  | For |  |
|                                                                                                                                                                   |  | 10 | KAREN E. MAIDMENT | For |  | For |  |
|                                                                                                                                                                   |  | 11 | BHARAT B. MASRANI | For |  | For |  |
|                                                                                                                                                                   |  | 12 | IRENE R. MILLER | For |  | For |  |
|                                                                                                                                                                   |  | 13 | NADIR H. MOHAMED | For |  | For |  |
|                                                                                                                                                                   |  | 14 | CLAUDE MONGEAU | For |  | For |  |
| B                                                                                                                                                                 | APPOINTMENT OF AUDITOR NAMED INTHE MANAGEMENT PROXY CIRCULAR | Management | For |  | For |  |
| C                                                                                                                                                                 | APPROACH TO EXECUTIVECOMPENSATION DISCLOSED IN THEREPORT OF THE HUMAN RESOURCESCOMMITTEE AND APPROACH TOEXECUTIVE COMPENSATION SECTIONSOF THE MANAGEMENT PROXYCIRCULAR *ADVISORY VOTE* | Management | For |  | For |  |
| D                                                                                                                                                                 | SHAREHOLDER PROPOSAL A | Shareholder | Against |  | Against |  |
| E                                                                                                                                                                 | SHAREHOLDER PROPOSAL B | Shareholder | Against |  | Against |  |
|                                                                                                                                                              |
| UNILEVER PLC                                                                                                                                                      |
| Security                                                                                                                                                          | 904767704 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | UL | Meeting Date | 20-Apr-2016 |
| ISIN                                                                                                                                                              | US9047677045 | Agenda | 934351266 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.                                                                                                                                                                | TO RECEIVE THE REPORT ANDACCOUNTS FOR THE YEAR ENDED 31DECEMBER 2015 | Management | For |  | For |  |
| 2.                                                                                                                                                                | TO APPROVE THE DIRECTORS'REMUNERATION REPORT | Management | For |  | For |  |
| 3.                                                                                                                                                                | TO RE-ELECT MR N S ANDERSEN AS ANON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 4.                                                                                                                                                                | TO RE-ELECT MRS L M CHA AS A NON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 5.                                                                                                                                                                | TO RE-ELECT MR V COLAO AS A NON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 6.                                                                                                                                                                | TO RE-ELECT PROFESSOR L O FRESCOAS A NON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 7.                                                                                                                                                                | TO RE-ELECT MS A M FUDGE AS ANON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 8.                                                                                                                                                                | TO RE-ELECT DR J HARTMANN AS ANON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 9.                                                                                                                                                                | TO RE-ELECT MS M MA AS A NON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 10.                                                                                                                                                               | TO RE-ELECT MR P G J M POLMAN ASAN EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 11.                                                                                                                                                               | TO RE-ELECT MR J RISHTON AS A NON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 12.                                                                                                                                                               | TO RE-ELECT MR F SIJBESMA AS ANON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 13.                                                                                                                                                               | TO ELECT DR M DEKKERS AS A NON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 14.                                                                                                                                                               | TO ELECT MR S MASIYIWA AS A NON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 15.                                                                                                                                                               | TO ELECT PROFESSOR Y MOON AS ANON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 16.                                                                                                                                                               | TO ELECT MR G PITKETHLY AS ANEXECUTIVE DIRECTOR | Management | For |  | For |  |
| 17.                                                                                                                                                               | TO REAPPOINT KPMG LLP ASAUDITORS OF THE COMPANY | Management | For |  | For |  |
| 18.                                                                                                                                                               | TO AUTHORISE THE DIRECTORS TO FIXTHE REMUNERATION OF THEAUDITORS | Management | For |  | For |  |
| 19.                                                                                                                                                               | TO AUTHORISE POLITICAL DONATIONSAND EXPENDITURE | Management | For |  | For |  |
| 20.                                                                                                                                                               | TO RENEW THE AUTHORITY TODIRECTORS TO ISSUE SHARES | Management | For |  | For |  |
| 21.                                                                                                                                                               | TO RENEW THE AUTHORITY TODIRECTORS TO DISAPPLY PRE-EMPTION RIGHTS | Management | For |  | For |  |
| 22.                                                                                                                                                               | TO RENEW THE AUTHORITY TO THECOMPANY TO PURCHASE ITS OWNSHARES | Management | For |  | For |  |
| 23.                                                                                                                                                               | TO SHORTEN THE NOTICE PERIOD FORGENERAL MEETINGS | Management | For |  | For |  |
|                                                                                                                                                              |
| WOLTERS KLUWER N.V., ALPHEN AAN DEN RIJN                                                                                                                          |
| Security                                                                                                                                                          | ADPV09931 | Meeting Type | Annual General Meeting |
| Ticker Symbol                                                                                                                                                     | WKL NA | Meeting Date | 21-Apr-2016 |
| ISIN                                                                                                                                                              | NL0000395903 | Agenda | 706754199 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1                                                                                                                                                                 | OPEN MEETING | Non-Voting |  |  |  |  |
| 2.A                                                                                                                                                               | RECEIVE REPORT OF MANAGEMENTBOARD | Non-Voting |  |  |  |  |
| 2.B                                                                                                                                                               | RECEIVE REPORT OF SUPERVISORYBOARD | Non-Voting |  |  |  |  |
| 2.C                                                                                                                                                               | DISCUSS REMUNERATION REPORT | Non-Voting |  |  |  |  |
| 3.A                                                                                                                                                               | ADOPT FINANCIAL STATEMENTS | Management | For |  | For |  |
| 3.B                                                                                                                                                               | RECEIVE EXPLANATION ONCOMPANY'S RESERVES AND DIVIDENDPOLICY | Non-Voting |  |  |  |  |
| 3.C                                                                                                                                                               | APPROVE DIVIDENDS OF EUR 0.75 PERSHARE | Management | For |  | For |  |
| 4.A                                                                                                                                                               | APPROVE DISCHARGE OFMANAGEMENT BOARD | Management | For |  | For |  |
| 4.B                                                                                                                                                               | APPROVE DISCHARGE OFSUPERVISORY BOARD | Management | For |  | For |  |
| 5.A                                                                                                                                                               | REELECT RENE HOOFT GRAAFLAND TOSUPERVISORY BOARD | Management | For |  | For |  |
| 5.B                                                                                                                                                               | ELECT JEANNETTE HORAN TOSUPERVISORY BOARD | Management | For |  | For |  |
| 5.C                                                                                                                                                               | ELECT FIDELMA RUSSO TOSUPERVISORY BOARD | Management | For |  | For |  |
| 6                                                                                                                                                                 | APPROVE REMUNERATION OFSUPERVISORY BOARD | Management | For |  | For |  |
| 7                                                                                                                                                                 | AMEND ARTICLES RE: LEGISLATIVEUPDATES | Management | For |  | For |  |
| 8.A                                                                                                                                                               | GRANT BOARD AUTHORITY TO ISSUESHARES UP TO 10 PERCENT OFISSUED CAPITAL | Management | For |  | For |  |
| 8.B                                                                                                                                                               | AUTHORIZE BOARD TO EXCLUDEPREEMPTIVE RIGHTS FROM SHAREISSUANCES | Management | For |  | For |  |
| 9                                                                                                                                                                 | AUTHORIZE REPURCHASE OF UP TO 10PERCENT OF ISSUED SHARE CAPITAL | Management | For |  | For |  |
| 10                                                                                                                                                                | OTHER BUSINESS | Non-Voting |  |  |  |  |
| 11                                                                                                                                                                | CLOSE MEETING | Non-Voting |  |  |  |  |
|                                                                                                                                                              |
| ASML HOLDINGS N.V.                                                                                                                                                |
| Security                                                                                                                                                          | N07059210 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | ASML | Meeting Date | 29-Apr-2016 |
| ISIN                                                                                                                                                              | USN070592100 | Agenda | 934348269 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 4                                                                                                                                                                 | PROPOSAL TO ADOPT THE FINANCIALSTATEMENTS OF COMPANY FOR THEFINANCIAL YEAR 2015, AS PREPAREDIN ACCORDANCE WITH DUTCH LAW. | Management | For |  | For |  |
| 5                                                                                                                                                                 | PROPOSAL TO DISCHARGE THEMEMBERS OF THE BOARD OFMANAGEMENT FROM LIABILITY FORTHEIR RESPONSIBILITIES IN THEFINANCIAL YEAR 2015. | Management | For |  | For |  |
| 6                                                                                                                                                                 | PROPOSAL TO DISCHARGE THEMEMBERS OF THE SUPERVISORYBOARD FROM LIABILITY FOR THEIRRESPONSIBILITIES IN THE FINANCIALYEAR 2015. | Management | For |  | For |  |
| 8                                                                                                                                                                 | PROPOSAL TO ADOPT A DIVIDEND OFEUR 1.05 PER ORDINARY SHARE. | Management | For |  | For |  |
| 9                                                                                                                                                                 | PROPOSAL TO APPROVE THE NUMBEROF SHARES FOR THE BOARD OFMANAGEMENT. | Management | For |  | For |  |
| 10                                                                                                                                                                | PROPOSAL TO APPROVE THE NUMBEROF STOCK OPTIONS AND/OR SHARESFOR EMPLOYEES. | Management | For |  | For |  |
| 12                                                                                                                                                                | PROPOSAL TO APPOINT KPMG ASEXTERNAL AUDITOR FOR THEREPORTING YEAR 2017. | Management | For |  | For |  |
| 13A                                                                                                                                                               | AUTHORIZATION TO ISSUE ORDINARYSHARES OR GRANT RIGHTS TOSUBSCRIBE FOR ORDINARY SHARES(5%). | Management | For |  | For |  |
| 13B                                                                                                                                                               | AUTHORIZATION TO RESTRICT OREXCLUDE PRE-EMPTION RIGHTS INCONNECTION WITH 13A. | Management | For |  | For |  |
| 13C                                                                                                                                                               | AUTHORIZATION TO ISSUE SHARES ORGRANT RIGHTS TO SUBSCRIBE FORORDINARY SHARES IN CONNECTIONWITH OR ON THE OCCASION OFMERGERS, ACQUISITIONS AND/OR(STRATEGIC) ALLIANCES (5%). | Management | For |  | For |  |
| 13D                                                                                                                                                               | AUTHORIZATION TO RESTRICT OREXCLUDE PRE-EMPTION RIGHTS INCONNECTION WITH 13C. | Management | For |  | For |  |
| 14A                                                                                                                                                               | AUTHORIZATION TO REPURCHASEORDINARY SHARES UP TO 10% OF THEISSUED SHARE CAPITAL. | Management | For |  | For |  |
| 14B                                                                                                                                                               | AUTHORIZATION TO REPURCHASEADDITIONAL ORDINARY SHARES UP TO10% OF THE ISSUED SHARE CAPITAL. | Management | For |  | For |  |
| 15                                                                                                                                                                | PROPOSAL TO CANCEL ORDINARYSHARES. | Management | For |  | For |  |
|                                                                                                                                                              |
| BASF SE                                                                                                                                                           |
| Security                                                                                                                                                          | 055262505 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | BASFY | Meeting Date | 29-Apr-2016 |
| ISIN                                                                                                                                                              | US0552625057 | Agenda | 934363259 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 2.                                                                                                                                                                | ADOPTION OF A RESOLUTION ON THEAPPROPRIATION OF PROFIT. | Management | For |  | For |  |
| 3.                                                                                                                                                                | ADOPTION OF A RESOLUTION GIVINGFORMAL APPROVAL TO THE ACTIONSOF THE MEMBERS OF THESUPERVISORY BOARD | Management | For |  | For |  |
| 4.                                                                                                                                                                | ADOPTION OF A RESOLUTION GIVINGFORMAL APPROVAL TO THE ACTIONSOF THE MEMBERS OF THE BOARD OFEXECUTIVE DIRECTORS | Management | For |  | For |  |
| 5.                                                                                                                                                                | ELECTION OF THE AUDITOR FOR THEFINANCIAL YEAR 2016 | Management | For |  | For |  |
|                                                                                                                                                              |
| PEARSON PLC                                                                                                                                                       |
| Security                                                                                                                                                          | 705015105 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | PSO | Meeting Date | 29-Apr-2016 |
| ISIN                                                                                                                                                              | US7050151056 | Agenda | 934372335 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.                                                                                                                                                                | RECEIPT OF FINANCIAL STATEMENTSAND REPORTS | Management | For |  | For |  |
| 2.                                                                                                                                                                | FINAL DIVIDEND | Management | For |  | For |  |
| 3.                                                                                                                                                                | ELECTION OF SIDNEY TAUREL | Management | For |  | For |  |
| 4.                                                                                                                                                                | ELECTION OF LINCOLN WALLEN | Management | For |  | For |  |
| 5.                                                                                                                                                                | ELECTION OF CORAM WILLIAMS | Management | For |  | For |  |
| 6.                                                                                                                                                                | RE-ELECTION OF ELIZABETH CORLEY | Management | For |  | For |  |
| 7.                                                                                                                                                                | RE-ELECTION OF VIVIENNE COX | Management | For |  | For |  |
| 8.                                                                                                                                                                | RE-ELECTION OF JOHN FALLON | Management | For |  | For |  |
| 9.                                                                                                                                                                | RE-ELECTION OF JOSH LEWIS | Management | For |  | For |  |
| 10.                                                                                                                                                               | RE-ELECTION OF LINDA LORIMER | Management | For |  | For |  |
| 11.                                                                                                                                                               | RE-ELECTION OF HARISH MANWANI | Management | For |  | For |  |
| 12.                                                                                                                                                               | RE-ELECTION OF TIM SCORE | Management | For |  | For |  |
| 13.                                                                                                                                                               | APPROVAL OF ANNUALREMUNERATION REPORT | Management | For |  | For |  |
| 14.                                                                                                                                                               | REAPPOINTMENT OF AUDITORS | Management | For |  | For |  |
| 15.                                                                                                                                                               | REMUNERATION OF AUDITORS | Management | For |  | For |  |
| 16.                                                                                                                                                               | ALLOTMENT OF SHARES | Management | For |  | For |  |
| 17.                                                                                                                                                               | WAIVER OF PRE-EMPTION RIGHTS | Management | For |  | For |  |
| 18.                                                                                                                                                               | AUTHORITY TO PURCHASE OWNSHARES | Management | For |  | For |  |
| 19.                                                                                                                                                               | REQUISITIONISTS' RESOLUTION | Shareholder | For |  | Against |  |
|                                                                                                                                                              |
| ASML HOLDINGS N.V.                                                                                                                                                |
| Security                                                                                                                                                          | N07059210 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | ASML | Meeting Date | 29-Apr-2016 |
| ISIN                                                                                                                                                              | USN070592100 | Agenda | 934377195 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 4                                                                                                                                                                 | PROPOSAL TO ADOPT THE FINANCIALSTATEMENTS OF COMPANY FOR THEFINANCIAL YEAR 2015, AS PREPAREDIN ACCORDANCE WITH DUTCH LAW. | Management | For |  | For |  |
| 5                                                                                                                                                                 | PROPOSAL TO DISCHARGE THEMEMBERS OF THE BOARD OFMANAGEMENT FROM LIABILITY FORTHEIR RESPONSIBILITIES IN THEFINANCIAL YEAR 2015. | Management | For |  | For |  |
| 6                                                                                                                                                                 | PROPOSAL TO DISCHARGE THEMEMBERS OF THE SUPERVISORYBOARD FROM LIABILITY FOR THEIRRESPONSIBILITIES IN THE FINANCIALYEAR 2015. | Management | For |  | For |  |
| 8                                                                                                                                                                 | PROPOSAL TO ADOPT A DIVIDEND OFEUR 1.05 PER ORDINARY SHARE. | Management | For |  | For |  |
| 9                                                                                                                                                                 | PROPOSAL TO APPROVE THE NUMBEROF SHARES FOR THE BOARD OFMANAGEMENT. | Management | For |  | For |  |
| 10                                                                                                                                                                | PROPOSAL TO APPROVE THE NUMBEROF STOCK OPTIONS AND/OR SHARESFOR EMPLOYEES. | Management | For |  | For |  |
| 12                                                                                                                                                                | PROPOSAL TO APPOINT KPMG ASEXTERNAL AUDITOR FOR THEREPORTING YEAR 2017. | Management | For |  | For |  |
| 13A                                                                                                                                                               | AUTHORIZATION TO ISSUE ORDINARYSHARES OR GRANT RIGHTS TOSUBSCRIBE FOR ORDINARY SHARES(5%). | Management | For |  | For |  |
| 13B                                                                                                                                                               | AUTHORIZATION TO RESTRICT OREXCLUDE PRE-EMPTION RIGHTS INCONNECTION WITH 13A. | Management | For |  | For |  |
| 13C                                                                                                                                                               | AUTHORIZATION TO ISSUE SHARES ORGRANT RIGHTS TO SUBSCRIBE FORORDINARY SHARES IN CONNECTIONWITH OR ON THE OCCASION OFMERGERS, ACQUISITIONS AND/OR(STRATEGIC) ALLIANCES (5%). | Management | For |  | For |  |
| 13D                                                                                                                                                               | AUTHORIZATION TO RESTRICT OREXCLUDE PRE-EMPTION RIGHTS INCONNECTION WITH 13C. | Management | For |  | For |  |
| 14A                                                                                                                                                               | AUTHORIZATION TO REPURCHASEORDINARY SHARES UP TO 10% OF THEISSUED SHARE CAPITAL. | Management | For |  | For |  |
| 14B                                                                                                                                                               | AUTHORIZATION TO REPURCHASEADDITIONAL ORDINARY SHARES UP TO10% OF THE ISSUED SHARE CAPITAL. | Management | For |  | For |  |
| 15                                                                                                                                                                | PROPOSAL TO CANCEL ORDINARYSHARES. | Management | For |  | For |  |
|                                                                                                                                                              |
| TELUS CORPORATION                                                                                                                                                 |
| Security                                                                                                                                                          | 87971M103 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | TU | Meeting Date | 05-May-2016 |
| ISIN                                                                                                                                                              | CA87971M1032 | Agenda | 934362411 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 01                                                                                                                                                                | DIRECTOR | Management |  |  |  |  |
|                                                                                                                                                                   |  | 1 | R. H. (DICK) AUCHINLECK | For |  | For |  |
|                                                                                                                                                                   |  | 2 | MICHELINE BOUCHARD | For |  | For |  |
|                                                                                                                                                                   |  | 3 | RAYMOND T. CHAN | For |  | For |  |
|                                                                                                                                                                   |  | 4 | STOCKWELL DAY | For |  | For |  |
|                                                                                                                                                                   |  | 5 | LISA DE WILDE | For |  | For |  |
|                                                                                                                                                                   |  | 6 | DARREN ENTWISTLE | For |  | For |  |
|                                                                                                                                                                   |  | 7 | MARY JO HADDAD | For |  | For |  |
|                                                                                                                                                                   |  | 8 | JOHN S. LACEY | For |  | For |  |
|                                                                                                                                                                   |  | 9 | WILLIAM A. MACKINNON | For |  | For |  |
|                                                                                                                                                                   |  | 10 | JOHN MANLEY | For |  | For |  |
|                                                                                                                                                                   |  | 11 | SARABJIT MARWAH | For |  | For |  |
|                                                                                                                                                                   |  | 12 | DAVID L. MOWAT | For |  | For |  |
| 02                                                                                                                                                                | APPOINT DELOITTE LLP AS AUDITORSFOR THE ENSUING YEAR ANDAUTHORIZE DIRECTORS TO FIX THEIRREMUNERATION. | Management | For |  | For |  |
| 03                                                                                                                                                                | RECONFIRMATION OF THE COMPANY'SSHAREHOLDER RIGHTS PLAN. | Management | For |  | For |  |
| 04                                                                                                                                                                | ACCEPT THE COMPANY'S APPROACHTO EXECUTIVE COMPENSATION. | Management | For |  | For |  |
|                                                                                                                                                              |
| POTASH CORPORATION OF SASKATCHEWAN INC.                                                                                                                           |
| Security                                                                                                                                                          | 73755L107 | Meeting Type | Annual and Special Meeting |
| Ticker Symbol                                                                                                                                                     | POT | Meeting Date | 10-May-2016 |
| ISIN                                                                                                                                                              | CA73755L1076 | Agenda | 934347940 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 01                                                                                                                                                                | DIRECTOR | Management |  |  |  |  |
|                                                                                                                                                                   |  | 1 | C.M. BURLEY | For |  | For |  |
|                                                                                                                                                                   |  | 2 | D.G. CHYNOWETH | For |  | For |  |
|                                                                                                                                                                   |  | 3 | J.W. ESTEY | For |  | For |  |
|                                                                                                                                                                   |  | 4 | G.W. GRANDEY | For |  | For |  |
|                                                                                                                                                                   |  | 5 | C.S. HOFFMAN | For |  | For |  |
|                                                                                                                                                                   |  | 6 | A.D. LABERGE | For |  | For |  |
|                                                                                                                                                                   |  | 7 | C.E. MADERE | For |  | For |  |
|                                                                                                                                                                   |  | 8 | K.G. MARTELL | For |  | For |  |
|                                                                                                                                                                   |  | 9 | J.J. MCCAIG | For |  | For |  |
|                                                                                                                                                                   |  | 10 | A.W. REGENT | For |  | For |  |
|                                                                                                                                                                   |  | 11 | J.E. TILK | For |  | For |  |
|                                                                                                                                                                   |  | 12 | E. VIYELLA DE PALIZA | For |  | For |  |
|                                                                                                                                                                   |  | 13 | Z.A. YUJNOVICH | For |  | For |  |
| 02                                                                                                                                                                | THE APPOINTMENT OF DELOITTE LLPAS AUDITORS OF THE CORPORATIONUNTIL THE CLOSE OF THE NEXTANNUAL MEETING. | Management | For |  | For |  |
| 03                                                                                                                                                                | THE RESOLUTION (INCLUDED IN THEACCOMPANYING MANAGEMENT PROXYCIRCULAR) APPROVING THECORPORATION'S 2016 LONG-TERMINCENTIVE PLAN, THE FULL TEXT OFWHICH IS ATTACHED AS APPENDIX ATO THE ACCOMPANYINGMANAGEMENT PROXY CIRCULAR. | Management | For |  | For |  |
| 04                                                                                                                                                                | THE ADVISORY RESOLUTIONACCEPTING THE CORPORATION'SAPPROACH TO EXECUTIVECOMPENSATION DISCLOSED IN THEACCOMPANYING MANAGEMENT PROXYCIRCULAR. | Management | For |  | For |  |
| 05                                                                                                                                                                | THE SHAREHOLDER PROPOSAL(ATTACHED AS APPENDIX E TO THEACCOMPANYING MANAGEMENT PROXYCIRCULAR). | Shareholder | Against |  | Against |  |
|                                                                                                                                                              |
| STATOIL ASA                                                                                                                                                       |
| Security                                                                                                                                                          | 85771P102 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | STO | Meeting Date | 11-May-2016 |
| ISIN                                                                                                                                                              | US85771P1021 | Agenda | 934397731 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 3                                                                                                                                                                 | ELECTION OF CHAIR FOR THEMEETING | Management | For |  | For |  |
| 4                                                                                                                                                                 | APPROVAL OF THE NOTICE AND THEAGENDA | Management | For |  | For |  |
| 5                                                                                                                                                                 | ELECTION OF TWO PERSONS TO CO-SIGN THE MINUTES TOGETHER WITHTHE CHAIR OF THE MEETING | Management | For |  | For |  |
| 6                                                                                                                                                                 | APPROVAL OF THE ANNUAL REPORTAND ACCOUNTS FOR STATOIL ASA ANDTHE STATOIL GROUP FOR 2015,INCLUDING THE BOARD OFDIRECTORS' PROPOSAL FORDISTRIBUTION OF 4Q 2015 DIVIDEND | Management | For |  | For |  |
| 7                                                                                                                                                                 | AUTHORISATION TO DISTRIBUTEDIVIDEND BASED ON APPROVEDANNUAL ACCOUNTS FOR 2015 | Management | For |  | For |  |
| 8A                                                                                                                                                                | APPROVAL OF A TWO-YEAR SCRIPDIVIDEND: SHARE CAPITAL INCREASEFOR ISSUE OF NEW SHARES INCONNECTION WITH PAYMENT OFDIVIDEND FOR 4Q 2015 | Management | For |  | For |  |
| 8B                                                                                                                                                                | APPROVAL OF A TWO-YEAR SCRIPDIVIDEND: AUTHORISATION TO THEBOARD OF DIRECTORS TO INCREASETHE SHARE CAPITAL IN CONNECTIONWITH PAYMENT OF DIVIDEND FOR 1QTO 3Q 2016 | Management | For |  | For |  |
| 9                                                                                                                                                                 | PROPOSAL FROM SHAREHOLDERREGARDING STATOIL'S STRATEGY | Shareholder | For |  | Against |  |
| 10                                                                                                                                                                | THE BOARD OF DIRECTORS' REPORTON CORPORATE GOVERNANCE | Management | For |  | For |  |
| 11A                                                                                                                                                               | THE BOARD OF DIRECTORS'DECLARATION ON STIPULATION OFSALARY AND OTHER REMUNERATIONFOR EXECUTIVE MANAGEMENT:ADVISORY VOTE RELATED TO THEBOARD OF DIRECTORS' DECLARATIONON STIPULATION OF SALARY ANDOTHER REMUNERATION FOREXECUTIVE MANAGEMENT | Management | For |  | For |  |
| 11B                                                                                                                                                               | THE BOARD OF DIRECTORS'DECLARATION ON STIPULATION OFSALARY AND OTHER REMUNERATIONFOR EXECUTIVE MANAGEMENT:APPROVAL OF THE BOARD OFDIRECTORS' PROPOSAL RELATED TOREMUNERATION LINKED TO THEDEVELOPMENT OF THE COMPANY'SSHARE PRICE | Management | For |  | For |  |
| 12                                                                                                                                                                | APPROVAL OF REMUNERATION FORTHE COMPANY'S EXTERNAL AUDITORFOR 2015 | Management | For |  | For |  |
| 13A                                                                                                                                                               | ELECTION OF MEMBERS TO THECORPORATE ASSEMBLY: THENOMINATION COMMITTEE'S JOINTPROPOSAL (OR INDIVIDUAL VOTING) | Management | For |  | For |  |
| 13B                                                                                                                                                               | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBERTONE LUNDE BAKKER (EXISTINGMEMBER, NOMINATED AS NEW CHAIR) | Management | For |  | For |  |
| 13C                                                                                                                                                               | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBER NILSBASTIANSEN (NEW ELECTION,NOMINATED AS DEPUTY CHAIR) | Management | For |  | For |  |
| 13D                                                                                                                                                               | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBERGREGER MANNSVERK (RE-ELECTION) | Management | For |  | For |  |
| 13E                                                                                                                                                               | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBERSTEINAR OLSEN (RE-ELECTION) | Management | For |  | For |  |
| 13F                                                                                                                                                               | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBERINGVALD STROMMEN (RE-ELECTION) | Management | For |  | For |  |
| 13G                                                                                                                                                               | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBERRUNE BJERKE (RE-ELECTION) | Management | For |  | For |  |
| 13H                                                                                                                                                               | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBER SIRIKALVIG (RE-ELECTION) | Management | For |  | For |  |
| 13I                                                                                                                                                               | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBERTERJE VENOLD (RE-ELECTION) | Management | For |  | For |  |
| 13J                                                                                                                                                               | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBERKJERSTI KLEVEN (RE-ELECTION) | Management | For |  | For |  |
| 13K                                                                                                                                                               | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBERBIRGITTE RINGSTAD VARTDAL (NEWMEMBER,EXISTING 4. DEPUTYMEMBER) | Management | For |  | For |  |
| 13L                                                                                                                                                               | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBERJARLE ROTH (NEW ELECTION) | Management | For |  | For |  |
| 13M                                                                                                                                                               | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBERKATHRINE NAESS (NEW ELECTION) | Management | For |  | For |  |
| 13N                                                                                                                                                               | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: 1ST DEPUTYMEMBER: KJERSTIN FYLLINGEN (NEWELECTION) | Management | For |  | For |  |
| 13O                                                                                                                                                               | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: 2ND DEPUTYMEMBER: NINA KIVIJERVI JONASSEN(EXISTING 3. DEPUTY MEMBER) | Management | For |  | For |  |
| 13P                                                                                                                                                               | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: 3RD DEPUTYMEMBER: HAKON VOLLDAL (NEWELECTION) | Management | For |  | For |  |
| 13Q                                                                                                                                                               | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: 4TH DEPUTYMEMBER: KARI SKEIDSVOLL MOE (NEWELECTION) | Management | For |  | For |  |
| 14A                                                                                                                                                               | ELECTION OF MEMBER TO THENOMINATION COMMITTEE: THENOMINATION COMMITTEE'S JOINTPROPOSAL (OR INDIVIDUAL VOTING) | Management | For |  | For |  |
| 14B                                                                                                                                                               | ELECTION OF MEMBER TO THENOMINATION COMMITTEE: CHAIR TONELUNDE BAKKER (EXISTING MEMBER,NEW ELECTION AS CHAIR) | Management | For |  | For |  |
| 14C                                                                                                                                                               | ELECTION OF MEMBER TO THENOMINATION COMMITTEE: MEMBERTOM RATHKE (RE-ELECTION) | Management | For |  | For |  |
| 14D                                                                                                                                                               | ELECTION OF MEMBER TO THENOMINATION COMMITTEE: MEMBERELISABETH BERGE WITH PERSONALDEPUTY MEMBER BJORN STALEHAAVIK (RE-ELECTION) | Management | For |  | For |  |
| 14E                                                                                                                                                               | ELECTION OF MEMBER TO THENOMINATION COMMITTEE: MEMBERJARLE ROTH (NEW ELECTION) | Management | For |  | For |  |
| 15                                                                                                                                                                | AUTHORISATION TO ACQUIRE STATOILASA SHARES IN THE MARKET TOCONTINUE OPERATION OF THE SHARESAVINGS PLAN FOR EMPLOYEES | Management | For |  | For |  |
| 16                                                                                                                                                                | AUTHORISATION TO ACQUIRE STATOILASA SHARES IN THE MARKET FORSUBSEQUENT ANNULMENT | Management | For |  | For |  |
| 17                                                                                                                                                                | MARKETING INSTRUCTIONS FORSTATOIL ASA – ADJUSTMENTS | Management | For |  | For |  |
| 18                                                                                                                                                                | PROPOSAL SUBMITTED BY ASHAREHOLDER REGARDING THEESTABLISHMENT OF A RISKMANAGEMENT INVESTIGATIONCOMMITTEE | Shareholder | Against |  | Take No Action |  |
|                                                                                                                                                              |
| TELEFONICA, S.A.                                                                                                                                                  |
| Security                                                                                                                                                          | 879382208 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | TEF | Meeting Date | 11-May-2016 |
| ISIN                                                                                                                                                              | US8793822086 | Agenda | 934406908 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.                                                                                                                                                                | APPROVAL OF THE ANNUALACCOUNTS AND OF THE MANAGEMENTREPORT OF BOTH TELEFONICA, S.A.AND OF ITS CONSOLIDATED GROUP OFCOMPANIES FOR FISCAL YEAR 2015. | Management | For |  | Take No Action |  |
| 2.                                                                                                                                                                | APPROVAL OF THE PROPOSEDALLOCATION OF THE PROFITS/LOSSESOF TELEFONICA, S.A. FOR FISCALYEAR 2015. | Management | For |  | Take No Action |  |
| 3.                                                                                                                                                                | APPROVAL OF THE MANAGEMENT OFTHE BOARD OF DIRECTORS OFTELEFONICA, S.A. DURING FISCALYEAR 2015. | Management | For |  | Take No Action |  |
| 4A.                                                                                                                                                               | RE-ELECTION OF MR. ISIDRO FAINECASAS AS PROPRIETARY DIRECTOR. | Management | For |  | Take No Action |  |
| 4B.                                                                                                                                                               | RE-ELECTION OF MR. JULIO LINARESLOPEZ AS OTHER EXTERNALDIRECTOR. | Management | For |  | Take No Action |  |
| 4C.                                                                                                                                                               | RE-ELECTION OF MR. PETER ERSKINEAS INDEPENDENT DIRECTOR. | Management | For |  | Take No Action |  |
| 4D.                                                                                                                                                               | RE-ELECTION OF MR. ANTONIOMASSANELL LAVILLA AS PROPRIETARYDIRECTOR. | Management | For |  | Take No Action |  |
| 4E.                                                                                                                                                               | RATIFICATION AND APPOINTMENT OFMR. WANG XIAOCHU AS PROPRIETARYDIRECTOR. | Management | For |  | Take No Action |  |
| 4F.                                                                                                                                                               | RATIFICATION AND APPOINTMENT OFMS. SABINA FLUXA THIENEMANN ASINDEPENDENT DIRECTOR. | Management | For |  | Take No Action |  |
| 4G.                                                                                                                                                               | RATIFICATION AND APPOINTMENT OFMR. JOSE JAVIER ECHENIQUELANDIRIBAR AS INDEPENDENTDIRECTOR. | Management | For |  | Take No Action |  |
| 4H.                                                                                                                                                               | RATIFICATION AND APPOINTMENT OFMR. PETER LOSCHER ASINDEPENDENT DIRECTOR. | Management | For |  | Take No Action |  |
| 4I.                                                                                                                                                               | RATIFICATION AND APPOINTMENT OFMR. JUAN IGNACIO CIRAC SASTURAINAS INDEPENDENT DIRECTOR. | Management | For |  | Take No Action |  |
| 5.                                                                                                                                                                | RE-ELECTION OF THE AUDITOR FORFISCAL YEAR 2016. | Management | For |  | Take No Action |  |
| 6.                                                                                                                                                                | APPOINTMENT OF THE AUDITOR FORFISCAL YEARS 2017, 2018 AND 2019. | Management | For |  | Take No Action |  |
| 7.                                                                                                                                                                | APPROVAL OF A REDUCTION IN SHARECAPITAL BY MEANS OF THECANCELLATION OF SHARES OF THECOMPANY'S OWN STOCK, EXCLUDINGTHE RIGHT OF CREDITORS TO OBJECT,SUBJECT TO EFFECTIVE RECEIPT OFTHE PROCEEDS FROM THE CLOSINGOF THE SALE OF TELEFONICA'SOPERATIONS IN THE UNITED KINGDOM(O2 UK). | Management | For |  | Take No Action |  |
| 8A.                                                                                                                                                               | DISTRIBUTION OF DIVIDENDS IN THEFIRST HALF OF 2016 WITH A CHARGETO UNRESTRICTED RESERVES. | Management | For |  | Take No Action |  |
| 8B.                                                                                                                                                               | SHAREHOLDER COMPENSATION INTHE SECOND HALF OF 2016 VIA SCRIPDIVIDEND. APPROVAL OF AN INCREASEIN SHARE CAPITAL WITH A CHARGE TORESERVES BY SUCH AMOUNT AS MAYBE DETERMINED PURSUANT TO THETERMS AND CONDITIONS OF THERESOLUTION, THROUGH THEISSUANCE OF NEW ORDINARY SHARESHAVING A PAR VALUE OF ONE EUROAND WITH PROVISION FORINCOMPLETE ALLOCATION. OFFER TOTHE SHAREHOLDERS TO PURCHASETHEIR FREE ALLOTMENT RIGHTS AT AGUARANTEED PRICE. THEIMPLEMENTATION OF THE INCREASE INSHARE ...(DUE TO SPACE LIMITS, SEEPROXY MATERIAL FOR FULLPROPOSAL). | Management | For |  | Take No Action |  |
| 9.                                                                                                                                                                | DELEGATION OF POWERS TOFORMALIZE, INTERPRET, CORRECTAND CARRY OUT THE RESOLUTIONSADOPTED BY THE SHAREHOLDERS ATTHE GENERAL SHAREHOLDERS'MEETING. | Management | For |  | Take No Action |  |
| 10.                                                                                                                                                               | CONSULTATIVE VOTE ON THE 2015ANNUAL REPORT ON DIRECTORS'REMUNERATION. | Management | For |  | Take No Action |  |
|                                                                                                                                                              |
| KONINKLIJKE PHILIPS ELECTRONICS N.V.                                                                                                                              |
| Security                                                                                                                                                          | 500472303 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | PHG | Meeting Date | 12-May-2016 |
| ISIN                                                                                                                                                              | US5004723038 | Agenda | 934402811 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 2C                                                                                                                                                                | PROPOSAL TO ADOPT THE 2015FINANCIAL STATEMENTS | Management | For |  | For |  |
| 2D                                                                                                                                                                | PROPOSAL TO ADOPT A DIVIDEND OFEUR 0.80 PER COMMON SHARE, INCASH OR IN SHARES AT THE OPTIONOF THE SHAREHOLDER | Management | For |  | For |  |
| 2E                                                                                                                                                                | PROPOSAL TO DISCHARGE THEMEMBERS OF THE BOARD OFMANAGEMENT FOR THEIRRESPONSIBILITIES | Management | For |  | For |  |
| 2F                                                                                                                                                                | PROPOSAL TO DISCHARGE THEMEMBERS OF THE SUPERVISORYBOARD FOR THEIR RESPONSIBILITIES | Management | For |  | For |  |
| 3                                                                                                                                                                 | PROPOSAL TO RE-APPOINT MRS N.DHAWAN AS MEMBER OF THESUPERVISORY BOARD WITH EFFECTFROM MAY 12, 2016 | Management | For |  | For |  |
| 4                                                                                                                                                                 | PROPOSAL TO DETERMINE THEREMUNERATION OF THE MEMBERS OFTHE QUALITY & REGULATORYCOMMITTEE OF THE SUPERVISORYBOARD | Management | For |  | For |  |
| 5A                                                                                                                                                                | PROPOSAL TO AUTHORIZE THE BOARDOF MANAGEMENT TO ISSUE SHARESOR GRANT RIGHTS TO ACQUIRESHARES | Management | For |  | For |  |
| 5B                                                                                                                                                                | PROPOSAL TO AUTHORIZE THE BOARDOF MANAGEMENT TO RESTRICT OREXCLUDE PRE-EMPTION RIGHTS | Management | For |  | For |  |
| 6                                                                                                                                                                 | PROPOSAL TO AUTHORIZE THE BOARDOF MANAGEMENT TO ACQUIRESHARES IN THE COMPANY | Management | For |  | For |  |
| 7                                                                                                                                                                 | PROPOSAL TO AUTHORIZE THE BOARDOF MANAGEMENT TO CANCEL SHARES | Management | For |  | For |  |
|                                                                                                                                                              |
| CARREFOUR                                                                                                                                                         |
| Security                                                                                                                                                          | 144430204 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | CRRFY | Meeting Date | 17-May-2016 |
| ISIN                                                                                                                                                              | US1444302046 | Agenda | 934401174 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.                                                                                                                                                                | APPROVAL OF THE CORPORATEFINANCIAL STATEMENTS FOR FISCALYEAR 2015 | Management | For |  | Take No Action |  |
| 2.                                                                                                                                                                | APPROVAL OF THE CONSOLIDATEDFINANCIAL STATEMENTS FOR FISCALYEAR 2015 | Management | For |  | Take No Action |  |
| 3.                                                                                                                                                                | ALLOCATION OF EARNINGS ANDSETTING THE DIVIDEND; OPTION FORPAYMENT OF THE DIVIDEND IN SHARES | Management | For |  | Take No Action |  |
| 4.                                                                                                                                                                | APPROVAL OF REGULATEDAGREEMENTS REFERRED TO INARTICLES L. 225-38 ET SEQ. OF THEFRENCH COMMERCIAL CODE | Management | For |  | Take No Action |  |
| 5.                                                                                                                                                                | ADVISORY OPINION ON THE ELEMENTSOF COMPENSATION DUE OR AWARDEDFOR FISCAL YEAR 2015 TO THECHAIRMAN AND CHIEF EXECUTIVEOFFICER | Management | For |  | Take No Action |  |
| 6.                                                                                                                                                                | RENEWAL OF THE APPOINTMENT OFMR. THIERRY BRETON AS MEMBER OFTHE BOARD OF DIRECTORS | Management | For |  | Take No Action |  |
| 7.                                                                                                                                                                | RENEWAL OF THE APPOINTMENT OFMR. CHARLES EDELSTENNE ASMEMBER OF THE BOARD OFDIRECTORS | Management | For |  | Take No Action |  |
| 8.                                                                                                                                                                | RENEWAL OF THE APPOINTMENT OFMRS. ANNE-CLAIRE TAITTINGER ASMEMBER OF THE BOARD OFDIRECTORS | Management | For |  | Take No Action |  |
| 9.                                                                                                                                                                | APPOINTMENT OF MR. ABILIO DINIZ ASMEMBER OF THE BOARD OFDIRECTORS | Management | For |  | Take No Action |  |
| 10.                                                                                                                                                               | APPOINTMENT OF MR. NADRAMOUSSALEM AS MEMBER OF THEBOARD OF DIRECTORS | Management | For |  | Take No Action |  |
| 11.                                                                                                                                                               | APPROVAL OF THE DIRECTOR'SANNUAL ATTENDANCE FEES | Management | For |  | Take No Action |  |
| 12.                                                                                                                                                               | AUTHORIZATION FOR THE BOARD OFDIRECTORS TO TRADE IN THECOMPANY'S OWN SHARES FOR APERIOD OF 18 MONTHS PURSUANT TOARTICLE L. 225-209 OF THE FRENCHCOMMERCIAL CODE | Management | For |  | Take No Action |  |
| 13.                                                                                                                                                               | AUTHORIZATION GRANTED FOR APERIOD OF 24 MONTHS TO THE BOARDOF DIRECTORS TO REDUCE THESHARE CAPITAL BY CANCELLINGSHARES ALREADY ACQUIREDTHROUGH A SHARE REPURCHASEPROGRAM | Management | For |  | Take No Action |  |
| 14.                                                                                                                                                               | AUTHORIZATION GRANTED FOR APERIOD OF 38 MONTHS TO THE BOARDOF DIRECTORS TO ALLOCATE FREE OFCHARGE EXISTING OR NEW SHARESTO SALARIED PERSONNEL ANDEXECUTIVE OFFICERS OF THECOMPANY AND ITS SUBSIDIARIES,WHICH WOULD ENTAIL A WAIVER BYTHE SHAREHOLDERS OF THEIRPREFERENTIAL SUBSCRIPTION RIGHTSTO THE FREE SHARES TO BE ISSUED,UP TO 0.8% OF THE SHARE CAPITAL | Management | For |  | Take No Action |  |
| 15.                                                                                                                                                               | AUTHORIZATION GRANTED FOR APERIOD OF 26 MONTHS TO THE BOARDOF DIRECTORS TO INCREASE THESHARE CAPITAL, CANCELLING THEPREFERENTIAL SUBSCRIPTIONSRIGHTS FOR SHAREHOLDERS, INFAVOR OF EMPLOYEES WHO AREMEMBERS OF A COMPANY SAVINGSPLAN, FOR A MAXIMUM NOMINALAMOUNT OF €35 MILLION | Management | For |  | Take No Action |  |
| 16.                                                                                                                                                               | AMENDMENT TO ARTICLE 20 OF THECOMPANY'S ARTICLES OFASSOCIATION | Management | For |  | Take No Action |  |
|                                                                                                                                                              |
| NICE-SYSTEMS LTD.                                                                                                                                                 |
| Security                                                                                                                                                          | 653656108 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | NICE | Meeting Date | 17-May-2016 |
| ISIN                                                                                                                                                              | US6536561086 | Agenda | 934402708 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1A                                                                                                                                                                | ELECTION OF DIRECTOR: DAVIDKOSTMAN | Management | For |  | For |  |
| 1B                                                                                                                                                                | ELECTION OF DIRECTOR: RIMON BEN-SHAOUL | Management | For |  | For |  |
| 1C                                                                                                                                                                | ELECTION OF DIRECTOR: YEHOSHUA(SHUKI) EHRLICH | Management | For |  | For |  |
| 1D                                                                                                                                                                | ELECTION OF DIRECTOR: LEOAPOTHEKER | Management | For |  | For |  |
| 1E                                                                                                                                                                | ELECTION OF DIRECTOR: JOE COWAN | Management | For |  | For |  |
| 2A                                                                                                                                                                | ELECTION OF OUTSIDE DIRECTOR:DAN FALK | Management | For |  | Take No Action |  |
| 2AA                                                                                                                                                               | REGARDING PROPOSAL 2A., INDICATEWHETHER YOU ARE A "CONTROLLINGSHAREHOLDER" OR HAVE A PERSONALBENEFIT OR OTHER INTEREST IN THISPROPOSAL. IF YOU MARK "YES",PLEASE CONTACT THE COMPANY ASSPECIFIED IN THE PROXY STATEMENT.MARK "FOR"=YES AND "AGAINST"=NOYOU MUST MARK "AGAINST" (NO) FORYOUR VOTE TO COUNT | Management | For |  | Take No Action |  |
| 2B                                                                                                                                                                | ELECTION OF OUTSIDE DIRECTOR:YOCHEVED DVIR | Management | For |  | Take No Action |  |
| 2BB                                                                                                                                                               | REGARDING PROPOSAL 2B., INDICATEWHETHER YOU ARE A "CONTROLLINGSHAREHOLDER" OR HAVE A PERSONALBENEFIT OR OTHER INTEREST IN THISPROPOSAL. IF YOU MARK "YES",PLEASE CONTACT THE COMPANY ASSPECIFIED IN THE PROXY STATEMENT.MARK "FOR"=YES AND "AGAINST"=NOYOU MUST MARK "AGAINST" (NO) FORYOUR VOTE TO COUNT | Management | For |  | Take No Action |  |
| 3                                                                                                                                                                 | TO AMEND THE COMPANY'SMEMORANDUM AND ARTICLES OFASSOCIATION. | Management | For |  | For |  |
| 4                                                                                                                                                                 | TO APPROVE THE GRANT OF OPTIONSAND RESTRICTED SHARE UNITS TOTHE COMPANY'S NON-EXECUTIVEDIRECTORS. | Management | For |  | For |  |
| 5                                                                                                                                                                 | TO APPROVE CERTAIN AMENDMENTSTO OUR CHIEF EXECUTIVE OFFICER'SCOMPENSATION. | Management | For |  | Take No Action |  |
| 5A                                                                                                                                                                | REGARDING PROPOSAL 5., INDICATEWHETHER YOU ARE A "CONTROLLINGSHAREHOLDER" OR HAVE A PERSONALBENEFIT OR OTHER INTEREST IN THISPROPOSAL. IF YOU MARK "YES",PLEASE CONTACT THE COMPANY ASSPECIFIED IN THE PROXY STATEMENT.MARK "FOR"=YES AND "AGAINST"=NOYOU MUST MARK "AGAINST" (NO) FORYOUR VOTE TO COUNT | Management | For |  | Take No Action |  |
| 6                                                                                                                                                                 | TO RE-APPOINT THE COMPANY'SINDEPENDENT AUDITORS AND TOAUTHORIZE THE COMPANY'S BOARDOF DIRECTORS TO FIX THEIRREMUNERATION. | Management | For |  | For |  |
|                                                                                                                                                              |
| BELMOND LTD.                                                                                                                                                      |
| Security                                                                                                                                                          | G1154H107 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | BEL | Meeting Date | 06-Jun-2016 |
| ISIN                                                                                                                                                              | BMG1154H1079 | Agenda | 934401617 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.                                                                                                                                                                | DIRECTOR | Management |  |  |  |  |
|                                                                                                                                                                   |  | 1 | HARSHA V. AGADI | For |  | For |  |
|                                                                                                                                                                   |  | 2 | JOHN D. CAMPBELL | For |  | For |  |
|                                                                                                                                                                   |  | 3 | ROLAND A. HERNANDEZ | For |  | For |  |
|                                                                                                                                                                   |  | 4 | MITCHELL C. HOCHBERG | For |  | For |  |
|                                                                                                                                                                   |  | 5 | RUTH A. KENNEDY | For |  | For |  |
|                                                                                                                                                                   |  | 6 | IAN LIVINGSTON | For |  | For |  |
|                                                                                                                                                                   |  | 7 | GAIL REBUCK | For |  | For |  |
|                                                                                                                                                                   |  | 8 | H. ROELAND VOS | For |  | For |  |
| 2.                                                                                                                                                                | APPOINTMENT OF DELOITTE LLP ASTHE COMPANY'S INDEPENDENTREGISTERED PUBLIC ACCOUNTINGFIRM, AND AUTHORIZATION OF THEAUDIT COMMITTEE TO FIXACCOUNTING FIRM'S REMUNERATION. | Management | For |  | For |  |
|                                                                                                                                                              |
| MERCADOLIBRE, INC.                                                                                                                                                |
| Security                                                                                                                                                          | 58733R102 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | MELI | Meeting Date | 10-Jun-2016 |
| ISIN                                                                                                                                                              | US58733R1023 | Agenda | 934406681 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.                                                                                                                                                                | DIRECTOR | Management |  |  |  |  |
|                                                                                                                                                                   |  | 1 | EMILIANO CALEMZUK | For |  | For |  |
|                                                                                                                                                                   |  | 2 | MARCOS GALPERIN | For |  | For |  |
|                                                                                                                                                                   |  | 3 | ROBERTO BALLS SALLOUTI | For |  | For |  |
| 2.                                                                                                                                                                | ADVISORY VOTE ON THECOMPENSATION OF OUR NAMEDEXECUTIVE OFFICERS. | Management | For |  | For |  |
| 3.                                                                                                                                                                | RATIFICATION OF THE APPOINTMENTOF DELOITTE & CO. S.A. AS OURINDEPENDENT REGISTERED PUBLICACCOUNTING FIRM FOR THE FISCALYEAR ENDING DECEMBER 31, 2016. | Management | For |  | For |  |
|                                                                                                                                                              |
| TOYOTA MOTOR CORPORATION                                                                                                                                          |
| Security                                                                                                                                                          | 892331307 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | TM | Meeting Date | 15-Jun-2016 |
| ISIN                                                                                                                                                              | US8923313071 | Agenda | 934437713 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1A.                                                                                                                                                               | ELECTION OF BOARD OF DIRECTORPROPOSED RESOLUTION: TAKESHIUCHIYAMADA | Management | For |  | Take No Action |  |
| 1B.                                                                                                                                                               | ELECTION OF BOARD OF DIRECTORPROPOSED RESOLUTION: AKIOTOYODA | Management | For |  | Take No Action |  |
| 1C.                                                                                                                                                               | ELECTION OF BOARD OF DIRECTORPROPOSED RESOLUTION: NOBUYORIKODAIRA | Management | For |  | Take No Action |  |
| 1D.                                                                                                                                                               | ELECTION OF BOARD OF DIRECTORPROPOSED RESOLUTION: MITSUHISAKATO | Management | For |  | Take No Action |  |
| 1E.                                                                                                                                                               | ELECTION OF BOARD OF DIRECTORPROPOSED RESOLUTION: TAKAHIKOIJICHI | Management | For |  | Take No Action |  |
| 1F.                                                                                                                                                               | ELECTION OF BOARD OF DIRECTORPROPOSED RESOLUTION: DIDIERLEROY | Management | For |  | Take No Action |  |
| 1G.                                                                                                                                                               | ELECTION OF BOARD OF DIRECTORPROPOSED RESOLUTION: SHIGEKITERASHI | Management | For |  | Take No Action |  |
| 1H.                                                                                                                                                               | ELECTION OF BOARD OF DIRECTORPROPOSED RESOLUTION: SHIGERUHAYAKAWA | Management | For |  | Take No Action |  |
| 1I.                                                                                                                                                               | ELECTION OF BOARD OF DIRECTORPROPOSED RESOLUTION: IKUO UNO | Management | For |  | Take No Action |  |
| 1J.                                                                                                                                                               | ELECTION OF BOARD OF DIRECTORPROPOSED RESOLUTION: HARUHIKOKATO | Management | For |  | Take No Action |  |
| 1K.                                                                                                                                                               | ELECTION OF BOARD OF DIRECTORPROPOSED RESOLUTION: MARK T.HOGAN | Management | For |  | Take No Action |  |
| 2A.                                                                                                                                                               | ELECTION OF SUBSTITUTE AUDIT &SUPERVISORY BOARD MEMBERPROPOSED RESOLUTION: RYUJI SAKAI | Management | For |  | Take No Action |  |
| 3.                                                                                                                                                                | PAYMENT OF BONUSES TO MEMBERSOF THE BOARD OF DIRECTORS | Management | For |  | Take No Action |  |
|                                                                                                                                                              |
| SINOPHARM GROUP CO LTD, SHANGHAI                                                                                                                                  |
| Security                                                                                                                                                          | Y8008N107 | Meeting Type | Annual General Meeting |
| Ticker Symbol                                                                                                                                                     | 1099 HK | Meeting Date | 16-Jun-2016 |
| ISIN                                                                                                                                                              | CNE100000FN7 | Agenda | 707134223 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1                                                                                                                                                                 | TO CONSIDER AND APPROVE THEREPORT OF THE BOARD OFDIRECTORS OF THE COMPANY (THE"BOARD") FOR THE YEAR ENDED 31DECEMBER 2015 | Management | For |  | For |  |
| 2                                                                                                                                                                 | TO CONSIDER AND APPROVE THEREPORT OF THE SUPERVISORYCOMMITTEE OF THE COMPANY (THE"SUPERVISORY COMMITTEE") FOR THEYEAR ENDED 31 DECEMBER 2015 | Management | For |  | For |  |
| 3                                                                                                                                                                 | TO CONSIDER AND APPROVE THEAUDITED FINANCIAL STATEMENTS OFTHE COMPANY AND ITS SUBSIDIARIESFOR THE YEAR ENDED 31 DECEMBER2015 AND THE AUDITORS' REPORT | Management | For |  | For |  |
| 4                                                                                                                                                                 | TO CONSIDER AND APPROVE THEPROFIT DISTRIBUTION PLAN ANDPAYMENT OF THE FINAL DIVIDEND FORTHE YEAR ENDED 31 DECEMBER 2015:RMB0.41 PER SHARE | Management | For |  | For |  |
| 5                                                                                                                                                                 | TO CONSIDER AND AUTHORIZE THEBOARD TO DETERMINE THEREMUNERATION OF THE DIRECTORSOF THE COMPANY (THE "DIRECTORS")FOR THE YEAR ENDING 31 DECEMBER2016 | Management | For |  | For |  |
| 6                                                                                                                                                                 | TO CONSIDER AND AUTHORIZE THESUPERVISORY COMMITTEE TODETERMINE THE REMUNERATION OFTHE SUPERVISORS OF THE COMPANY(THE "SUPERVISORS") FOR THE YEARENDING 31 DECEMBER 2016 | Management | For |  | For |  |
| 7                                                                                                                                                                 | TO CONSIDER AND APPROVE THEDELEGATION OF THE POWER TO THEBOARD TO APPROVE THEGUARANTEES IN FAVOR OF THIRDPARTIES WITH AN AGGREGATE TOTALVALUE OF NOT MORE THAN 30% OFTHE LATEST AUDITED TOTAL ASSETSOF THE COMPANY OVER A PERIOD OF12 MONTHS; AND IF THE ABOVEDELEGATION IS NOT CONSISTENTWITH, COLLIDES WITH OR CONFLICTSWITH THE REQUIREMENTS UNDER THERULES GOVERNING THE LISTING OFSECURITIES (THE "HONG KONGLISTING RULES") ON THE STOCKEXCHANGE OF HONG KONG LIMITED(THE "HONG KONG STOCK EXCHANGE")OR OTHER REQUIREMENTS OF THEHONG KONG STOCK EXCHANGE, THEREQUIREMENTS UNDER THE HONGKONG LISTING RULES OR OTHERREQUIREMENTS OF THE HONG KONGSTOCK EXCHANGE SHOULD BEFOLLOWED | Management | For |  | For |  |
| 8                                                                                                                                                                 | TO CONSIDER AND, IF THOUGHT FIT,TO APPROVE THE APPOINTMENT OFMR. WU YIJIAN AS A NON-EXECUTIVEDIRECTOR, TO AUTHORISE THE BOARDTO DETERMINE HIS REMUNERATION,AND TO AUTHORISE ANY EXECUTIVEDIRECTOR TO EXECUTE A SERVICECONTRACT OR SUCH OTHERDOCUMENTS OR SUPPLEMENTALAGREEMENTS OR DEEDS ON BEHALFOF THE COMPANY | Management | For |  | For |  |
| 9                                                                                                                                                                 | TO CONSIDER AND, IF THOUGHT FIT,TO APPROVE: "THAT: (A) THE COMPANYBE AND IS HEREBY AUTHORISED TOISSUE DEBT FINANCING INSTRUMENTS(THE "DEBT FINANCINGINSTRUMENTS") WITH THEAGGREGATE AMOUNT LIMIT FOR ALLBONDS FOR WHICH REGISTRATION ISAPPLIED FOR BEING NO MORE THANRMB20 BILLION; (B) THE GENERAL MANAGER OF THE COMPANY, BE ANDIS HEREBY AUTHORIZED TO DEAL WITHALL THE MATTERS IN RELATION TOTHE PROPOSED ISSUE OF DEBTFINANCING INSTRUMENTS IN ITS/HISSOLE DISCRETION, INCLUDING BUTNOT LIMITED TO: (I) ACCORDING TOLAWS, REGULATIONS, AND THESPECIFIC CONDITIONS OF THECOMPANY AND DEBT MARKET, TOFORMULATE, ADJUST AND IMPLEMENTTHE SPECIFIC PLANS, TERMS ANDCONDITIONS FOR THE ISSUE OF THEDEBT FINANCING INSTRUMENTS,INCLUDING, AMONG OTHERS,DETERMINATION OF THECATEGORY(IES) OF ISSUE, THE SIZEOF ISSUE, THE METHOD OF ISSUE(INCLUDING THE ISSUE AMOUNT INEACH TRANCHE), THE TERMS OFISSUE, INTEREST RATE, USE OFPROCEEDS, GUARANTEE AND DEBTSECURITY ARRANGEMENTS; (II) TOFORMULATE, APPROVE, EXECUTE,MODIFY AND ANNOUNCE THE LEGALDOCUMENTS RELATING TO THE ISSUE,AND MAKE THE APPROPRIATEADJUSTMENT OR SUPPLEMENT TO THEFILINGS PURSUANT TO THEREQUIREMENTS OF THE REGULATORYAUTHORITIES; (III) TO SELECT THEBOND TRUSTEE(S), EXECUTE BONDTRUSTEE MANAGEMENTAGREEMENT(S) AND PROMULGATETHE RULES FOR BONDHOLDERS'GENERAL MEETING; (IV) TO MAKECORRESPONDING ADJUSTMENTS TOTHE RELEVANT MATTERS ORDETERMINE WHETHER TO CONTINUETHE ISSUE IN ACCORDANCE WITH THEPRACTICAL SITUATION IN THE CASE OFANY CHANGES IN OPINIONS FROMREGULATORY AUTHORITIES, THEPOLICIES AND MARKET CONDITIONSEXCEPT WHERE RE-VOTING AT AGENERAL MEETING IS REQUIRED BYANY RELEVANT LAWS ANDREGULATIONS AND THE ARTICLES OFASSOCIATION OF THE COMPANY; (V)TO DEAL WITH ALL RELEVANTMATTERS IN RELATION TO THEREPORTING AND LISTING OF THE DEBT FINANCING INSTRUMENTS; (VI) TO DETERMINE THE ENGAGEMENT OFNECESSARY INTERMEDIARY AGENCIESIN RELATION TO THE ISSUE OF THEDEBT FINANCING INSTRUMENTS; AND(VII) TO DEAL WITH OTHER SPECIFICMATTERS IN RELATION TO THE ISSUEOF DEBT FINANCING INSTRUMENTS | Management | For |  | For |  |
| 10                                                                                                                                                                | TO CONSIDER AND APPROVE TOGRANT A GENERAL MANDATE TO THEBOARD TO EXERCISE THE POWER OFTHE COMPANY TO ALLOT, ISSUEAND/OR DEAL WITH DOMESTICSHARES AND/OR H SHARES | Management | For |  | For |  |
| 11                                                                                                                                                                | TO CONSIDER AND APPROVE THEAPPOINTMENT OF ERNST & YOUNGHUA MING LLP AS THE DOMESTICAUDITOR OF THE COMPANY (TOREPLACEPRICEWATERHOUSECOOPERS ZHONGTIAN LLP) TO HOLD OFFICE UNTILCONCLUSION OF THE NEXT ANNUALGENERAL MEETING, AND TO RATIFYAND CONFIRM ITS REMUNERATIONDETERMINED BY THE AUDITCOMMITTEE OF THE BOARD OF THECOMPANY | Management | For |  | For |  |
| 12                                                                                                                                                                | TO CONSIDER AND APPROVE THEAPPOINTMENT OF ERNST & YOUNG ASTHE INTERNATIONAL AUDITOR OF THECOMPANY (TO REPLACEPRICEWATERHOUSECOOPERSCERTIFIED PUBLIC ACCOUNTANTS,HONG KONG) TO HOLD OFFICE UNTILCONCLUSION OF THE NEXT ANNUALGENERAL MEETING, AND TO RATIFYAND CONFIRM ITS REMUNERATIONDETERMINED BY THE AUDITCOMMITTEE OF THE BOARD OF THECOMPANY | Management | For |  | For |  |
|                                                                                                                                                              |
| NIDEC CORPORATION                                                                                                                                                 |
| Security                                                                                                                                                          | 654090109 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                                     | NJDCY | Meeting Date | 17-Jun-2016 |
| ISIN                                                                                                                                                              | US6540901096 | Agenda | 934430478 – Management |
|                                                                                                                                                              |
| Item                                                                                                                                                              | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.                                                                                                                                                                | DIRECTOR | Management |  |  |  |  |
|                                                                                                                                                                   |  | 1 | SHIGENOBU NAGAMORI | For |  | For |  |
|                                                                                                                                                                   |  | 2 | HIROSHI KOBE | For |  | For |  |
|                                                                                                                                                                   |  | 3 | MIKIO KATAYAMA | For |  | For |  |
|                                                                                                                                                                   |  | 4 | AKIRA SATO | For |  | For |  |
|                                                                                                                                                                   |  | 5 | TOSHIHIKO MIYABE | For |  | For |  |
|                                                                                                                                                                   |  | 6 | KIYOTO IDO | For |  | For |  |
|                                                                                                                                                                   |  | 7 | NORIKO ISHIDA | For |  | For |  |
| 2.1                                                                                                                                                               | APPOINTMENT TO THE AUDIT &SUPERVISORY BOARD: EISUKENAGATOMO | Management | For |  | For |  |
| 2.2                                                                                                                                                               | APPOINTMENT TO THE AUDIT &SUPERVISORY BOARD: JUNKOWATANABE | Management | For |  | For |  |
|                                                                                                                                                              |

 

| Saturna Investment Trust, Sextant Core Fund (SCORX)**Proxy Voting Record relating to shareholder meetings held from July 1, 2015 through June 30, 2016** |
|----------------------------------------------------------------------------------------------------------------------------------------------------------|
| XILINX, INC.                                                                                                                                             |
| Security                                                                                                                                                 | 983919101 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | XLNX | Meeting Date | 12-Aug-2015 |
| ISIN                                                                                                                                                     | US9839191015 | Agenda | 934252153 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.1                                                                                                                                                      | ELECTION OF DIRECTOR: PHILIP T.GIANOS | Management | For |  | For |  |
| 1.2                                                                                                                                                      | ELECTION OF DIRECTOR: MOSHE N.GAVRIELOV | Management | For |  | For |  |
| 1.3                                                                                                                                                      | ELECTION OF DIRECTOR: WILLIAM G.HOWARD, JR. | Management | For |  | For |  |
| 1.4                                                                                                                                                      | ELECTION OF DIRECTOR: J. MICHAELPATTERSON | Management | For |  | For |  |
| 1.5                                                                                                                                                      | ELECTION OF DIRECTOR: ALBERT A.PIMENTEL | Management | For |  | For |  |
| 1.6                                                                                                                                                      | ELECTION OF DIRECTOR: MARSHALL C.TURNER | Management | For |  | For |  |
| 1.7                                                                                                                                                      | ELECTION OF DIRECTOR: ELIZABETHW. VANDERSLICE | Management | For |  | For |  |
| 2.                                                                                                                                                       | PROPOSAL TO APPROVE, ON ANADVISORY BASIS, THE COMPENSATIONOF THE COMPANY'S NAMEDEXECUTIVE OFFICERS | Management | For |  | For |  |
| 3.                                                                                                                                                       | PROPOSAL TO RATIFY THEAPPOINTMENT OF ERNST & YOUNG LLPAS THE COMPANY'S EXTERNALAUDITORS FOR FISCAL 2016 | Management | For |  | For |  |
|                                                                                                                                                     |
| RPM INTERNATIONAL INC.                                                                                                                                   |
| Security                                                                                                                                                 | 749685103 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | RPM | Meeting Date | 08-Oct-2015 |
| ISIN                                                                                                                                                     | US7496851038 | Agenda | 934273943 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.                                                                                                                                                       | DIRECTOR | Management |  |  |  |  |
|                                                                                                                                                          |  |  | 1 | JOHN P. ABIZAID | For |  | For |  |
|                                                                                                                                                          |  |  | 2 | BRUCE A. CARBONARI | For |  | For |  |
|                                                                                                                                                          |  |  | 3 | JENNIFFER D. DECKARD | For |  | For |  |
|                                                                                                                                                          |  |  | 4 | SALVATORE D. FAZZOLARI | For |  | For |  |
|                                                                                                                                                          |  |  | 5 | THOMAS S. GROSS | For |  | For |  |
| 2.                                                                                                                                                       | APPROVE THE COMPANY'S EXECUTIVECOMPENSATION. | Management | For |  | For |  |
| 3.                                                                                                                                                       | RATIFY THE APPOINTMENT OFDELOITTE & TOUCHE LLP AS THECOMPANY'S INDEPENDENTREGISTERED PUBLIC ACCOUNTINGFIRM. | Management | For |  | For |  |
|                                                                                                                                                     |
| ORACLE CORPORATION                                                                                                                                       |
| Security                                                                                                                                                 | 68389X105 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | ORCL | Meeting Date | 18-Nov-2015 |
| ISIN                                                                                                                                                     | US68389X1054 | Agenda | 934283083 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.                                                                                                                                                       | DIRECTOR | Management |  |  |  |  |
|                                                                                                                                                          |  |  | 1 | JEFFREY S. BERG | For |  | For |  |
|                                                                                                                                                          |  |  | 2 | H. RAYMOND BINGHAM | For |  | For |  |
|                                                                                                                                                          |  |  | 3 | MICHAEL J. BOSKIN | For |  | For |  |
|                                                                                                                                                          |  |  | 4 | SAFRA A. CATZ | For |  | For |  |
|                                                                                                                                                          |  |  | 5 | BRUCE R. CHIZEN | For |  | For |  |
|                                                                                                                                                          |  |  | 6 | GEORGE H. CONRADES | For |  | For |  |
|                                                                                                                                                          |  |  | 7 | LAWRENCE J. ELLISON | For |  | For |  |
|                                                                                                                                                          |  |  | 8 | HECTOR GARCIA-MOLINA | For |  | For |  |
|                                                                                                                                                          |  |  | 9 | JEFFREY O. HENLEY | For |  | For |  |
|                                                                                                                                                          |  |  | 10 | MARK V. HURD | For |  | For |  |
|                                                                                                                                                          |  |  | 11 | LEON E. PANETTA | For |  | For |  |
|                                                                                                                                                          |  |  | 12 | NAOMI O. SELIGMAN | For |  | For |  |
| 2.                                                                                                                                                       | RE-APPROVAL OF THE ORACLECORPORATION EXECUTIVE BONUSPLAN. | Management | For |  | For |  |
| 3.                                                                                                                                                       | ADVISORY VOTE TO APPROVEEXECUTIVE COMPENSATION. | Management | For |  | For |  |
| 4.                                                                                                                                                       | RATIFICATION OF THE SELECTION OFERNST & YOUNG LLP AS INDEPENDENTREGISTERED PUBLIC ACCOUNTINGFIRM FOR FISCAL YEAR 2016. | Management | For |  | For |  |
| 5.                                                                                                                                                       | STOCKHOLDER PROPOSALREGARDING RENEWABLE ENERGYTARGETS. | Shareholder | Against |  | Against |  |
| 6.                                                                                                                                                       | STOCKHOLDER PROPOSALREGARDING PROXY ACCESS. | Shareholder | Against |  | Against |  |
| 7.                                                                                                                                                       | STOCKHOLDER PROPOSALREGARDING QUANTIFIABLEPERFORMANCE METRICS. | Shareholder | Against |  | Against |  |
| 8.                                                                                                                                                       | STOCKHOLDER PROPOSALREGARDING AMENDMENT OF THEGOVERNANCE GUIDELINES. | Shareholder | Against |  | Against |  |
| 9.                                                                                                                                                       | STOCKHOLDER PROPOSALREGARDING VOTE TABULATION. | Shareholder | Against |  | Against |  |
| 10.                                                                                                                                                      | STOCKHOLDER PROPOSALREGARDING LOBBYING REPORT. | Shareholder | Against |  | Against |  |
|                                                                                                                                                     |
| SOUTH32 LIMITED                                                                                                                                          |
| Security                                                                                                                                                 | 84473L105 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | SOUHY | Meeting Date | 18-Nov-2015 |
| ISIN                                                                                                                                                     | US84473L1052 | Agenda | 934289667 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 2.                                                                                                                                                       | ELECTION OF XOLANI MKHWANAZI ASA DIRECTOR | Management | For |  | For |  |
| 3.                                                                                                                                                       | RE-ELECTION OF DAVID CRAWFORD ASA DIRECTOR | Management | For |  | For |  |
| 4.                                                                                                                                                       | APPOINTMENT OF AUDITOR | Management | For |  | For |  |
| 5.                                                                                                                                                       | ADOPTION OF THE REMUNERATIONREPORT | Management | For |  | For |  |
| 6.                                                                                                                                                       | GRANT OF AWARDS TO EXECUTIVEDIRECTOR | Management | For |  | For |  |
| 7.                                                                                                                                                       | APPROVAL OF LEAVINGENTITLEMENTS | Management | For |  | For |  |
|                                                                                                                                                     |
| BHP BILLITON LIMITED                                                                                                                                     |
| Security                                                                                                                                                 | 088606108 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | BHP | Meeting Date | 19-Nov-2015 |
| ISIN                                                                                                                                                     | US0886061086 | Agenda | 934284744 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.                                                                                                                                                       | TO RECEIVE THE 2015 FINANCIALSTATEMENTS AND REPORTS FOR BHPBILLITON | Management | For |  | For |  |
| 2.                                                                                                                                                       | TO REAPPOINT KPMG LLP AS THEAUDITOR OF BHP BILLITON PLC | Management | For |  | For |  |
| 3.                                                                                                                                                       | TO AUTHORISE THE RISK AND AUDITCOMMITTEE TO AGREE THEREMUNERATION OF THE AUDITOR OFBHP BILLITON PLC | Management | For |  | For |  |
| 4.                                                                                                                                                       | TO RENEW THE GENERAL AUTHORITYTO ISSUE SHARES IN BHP BILLITONPLC | Management | For |  | For |  |
| 5.                                                                                                                                                       | TO APPROVE THE AUTHORITY TOISSUE SHARES IN BHP BILLITON PLCFOR CASH | Management | For |  | For |  |
| 6.                                                                                                                                                       | TO APPROVE THE REPURCHASE OFSHARES IN BHP BILLITON PLC | Management | For |  | For |  |
| 7.                                                                                                                                                       | TO APPROVE THE 2015REMUNERATION REPORT OTHER THANTHE PART CONTAINING THEDIRECTORS' REMUNERATION POLICY | Management | For |  | For |  |
| 8.                                                                                                                                                       | TO APPROVE THE 2015REMUNERATION REPORT | Management | For |  | For |  |
| 9.                                                                                                                                                       | TO APPROVE GRANTS TO ANDREWMACKENZIE | Management | For |  | For |  |
| 10.                                                                                                                                                      | TO APPROVE THE AMENDMENTS TOTHE BHP BILLITON LIMITEDCONSTITUTION FOR THE DLC DIVIDENDSHARE | Management | For |  | For |  |
| 11.                                                                                                                                                      | TO APPROVE THE AMENDMENTS TOTHE BHP BILLITON PLC ARTICLES OFASSOCIATION FOR THE DLC DIVIDENDSHARE | Management | For |  | For |  |
| 12.                                                                                                                                                      | TO APPROVE THE AMENDMENTS TOTHE DLC STRUCTURE SHARINGAGREEMENT FOR THE DLC DIVIDENDSHARE | Management | For |  | For |  |
| 13.                                                                                                                                                      | TO APPROVE THE AMENDMENTS TOTHE BHP BILLITON LIMITEDCONSTITUTION FOR SIMULTANEOUSGENERAL MEETINGS | Management | For |  | For |  |
| 14.                                                                                                                                                      | TO APPROVE THE AMENDMENTS TOTHE BHP BILLITON PLC ARTICLES OFASSOCIATION FOR SIMULTANEOUSGENERAL MEETINGS | Management | For |  | For |  |
| 15.                                                                                                                                                      | TO ELECT ANITA FREW AS A DIRECTOROF BHP BILLITON | Management | For |  | For |  |
| 16.                                                                                                                                                      | TO RE-ELECT MALCOLM BRINDED AS ADIRECTOR OF BHP BILLITON | Management | For |  | For |  |
| 17.                                                                                                                                                      | TO RE-ELECT MALCOLM BROOMHEADAS A DIRECTOR OF BHP BILLITON | Management | For |  | For |  |
| 18.                                                                                                                                                      | TO RE-ELECT PAT DAVIES AS ADIRECTOR OF BHP BILLITON | Management | For |  | For |  |
| 19.                                                                                                                                                      | TO RE-ELECT CAROLYN HEWSON AS ADIRECTOR OF BHP BILLITON | Management | For |  | For |  |
| 20.                                                                                                                                                      | TO RE-ELECT ANDREW MACKENZIE ASA DIRECTOR OF BHP BILLITON | Management | For |  | For |  |
| 21.                                                                                                                                                      | TO RE-ELECT LINDSAY MAXSTED AS ADIRECTOR OF BHP BILLITON | Management | For |  | For |  |
| 22.                                                                                                                                                      | TO RE-ELECT WAYNE MURDY AS ADIRECTOR OF BHP BILLITON | Management | For |  | For |  |
| 23.                                                                                                                                                      | TO RE-ELECT JOHN SCHUBERT AS ADIRECTOR OF BHP BILLITON | Management | For |  | For |  |
| 24.                                                                                                                                                      | TO RE-ELECT SHRITI VADERA AS ADIRECTOR OF BHP BILLITON | Management | For |  | For |  |
| 25.                                                                                                                                                      | TO RE-ELECT JAC NASSER AS ADIRECTOR OF BHP BILLITON | Management | For |  | For |  |
|                                                                                                                                                     |
| QUALCOMM INCORPORATED                                                                                                                                    |
| Security                                                                                                                                                 | 747525103 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | QCOM | Meeting Date | 08-Mar-2016 |
| ISIN                                                                                                                                                     | US7475251036 | Agenda | 934322493 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1A.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING OF STOCKHOLDERS ANDUNTIL THEIR RESPECTIVESUCCESSORS HAVE BEEN ELECTEDAND QUALIFIED: BARBARA T.ALEXANDER | Management | For |  | For |  |
| 1B.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING OF STOCKHOLDERS ANDUNTIL THEIR RESPECTIVESUCCESSORS HAVE BEEN ELECTEDAND QUALIFIED: RAYMOND V.DITTAMORE | Management | For |  | For |  |
| 1C.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING OF STOCKHOLDERS ANDUNTIL THEIR RESPECTIVESUCCESSORS HAVE BEEN ELECTEDAND QUALIFIED: JEFFREY W.HENDERSON | Management | For |  | For |  |
| 1D.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING OF STOCKHOLDERS ANDUNTIL THEIR RESPECTIVESUCCESSORS HAVE BEEN ELECTEDAND QUALIFIED: THOMAS W. HORTON | Management | For |  | For |  |
| 1E.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING OF STOCKHOLDERS ANDUNTIL THEIR RESPECTIVESUCCESSORS HAVE BEEN ELECTEDAND QUALIFIED: PAUL E. JACOBS | Management | For |  | For |  |
| 1F.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING OF STOCKHOLDERS ANDUNTIL THEIR RESPECTIVESUCCESSORS HAVE BEEN ELECTEDAND QUALIFIED: HARISH MANWANI | Management | For |  | For |  |
| 1G.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING OF STOCKHOLDERS ANDUNTIL THEIR RESPECTIVESUCCESSORS HAVE BEEN ELECTEDAND QUALIFIED: MARK D. MCLAUGHLIN | Management | For |  | For |  |
| 1H.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING OF STOCKHOLDERS ANDUNTIL THEIR RESPECTIVESUCCESSORS HAVE BEEN ELECTEDAND QUALIFIED: STEVE MOLLENKOPF | Management | For |  | For |  |
| 1I.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING OF STOCKHOLDERS ANDUNTIL THEIR RESPECTIVESUCCESSORS HAVE BEEN ELECTEDAND QUALIFIED: CLARK T. RANDT, JR. | Management | For |  | For |  |
| 1J.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING OF STOCKHOLDERS ANDUNTIL THEIR RESPECTIVESUCCESSORS HAVE BEEN ELECTEDAND QUALIFIED: FRANCISCO ROS | Management | For |  | For |  |
| 1K.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING OF STOCKHOLDERS ANDUNTIL THEIR RESPECTIVESUCCESSORS HAVE BEEN ELECTEDAND QUALIFIED: JONATHAN J.RUBINSTEIN | Management | For |  | For |  |
| 1L.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING OF STOCKHOLDERS ANDUNTIL THEIR RESPECTIVESUCCESSORS HAVE BEEN ELECTEDAND QUALIFIED: ANTHONY J.VINCIQUERRA | Management | For |  | For |  |
| 2.                                                                                                                                                       | TO RATIFY THE SELECTION OFPRICEWATERHOUSECOOPERS LLP ASOUR INDEPENDENT PUBLICACCOUNTANTS FOR OUR FISCAL YEARENDING SEPTEMBER 25, 2016. | Management | For |  | For |  |
| 3.                                                                                                                                                       | TO APPROVE THE 2016 LONG-TERMINCENTIVE PLAN. | Management | For |  | For |  |
| 4.                                                                                                                                                       | TO APPROVE OUR EXECUTIVECOMPENSATION. | Management | For |  | For |  |
| 5.                                                                                                                                                       | A STOCKHOLDER PROPOSAL, IFPROPERLY PRESENTED AT THEANNUAL MEETING. | Shareholder | Against |  | Against |  |
|                                                                                                                                                     |
| PANDORA A/S, GLOSTRUP                                                                                                                                    |
| Security                                                                                                                                                 | K7681L102 | Meeting Type | Annual General Meeting |
| Ticker Symbol                                                                                                                                            | PNDORA DC | Meeting Date | 16-Mar-2016 |
| ISIN                                                                                                                                                     | DK0060252690 | Agenda | 706684734 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 2                                                                                                                                                        | ADOPTION OF THE ANNUAL REPORT2015 | Management | For |  | For |  |
| 3.1                                                                                                                                                      | APPROVAL OF REMUNERATION FOR2015 OF BOARD OF DIRECTORS | Management | For |  | For |  |
| 3.2                                                                                                                                                      | APPROVAL OF REMUNERATION LEVELFOR 2016 OF BOARD OF DIRECTORS | Management | For |  | For |  |
| 4                                                                                                                                                        | RESOLUTION PROPOSED ON THEDISTRIBUTION OF PROFIT ASRECORDED IN THE ADOPTED ANNUALREPORT, INCLUDING THE PROPOSEDAMOUNT OF ANY DIVIDEND TO BEDISTRIBUTED OR PROPOSAL TOCOVER ANY LOSS: DKK 13 PER SHARE | Management | For |  | For |  |
| 5                                                                                                                                                        | RESOLUTION ON THE DISCHARGEFROM LIABILITY OF THE BOARD OFDIRECTORS AND THE EXECUTIVEMANAGEMENT | Management | For |  | For |  |
| 6.1                                                                                                                                                      | ANY PROPOSAL BY THESHAREHOLDERS AND OR BOARD OFDIRECTORS. THE BOARD OFDIRECTORS HAS SUBMITTED THEFOLLOWING PROPOSAL: REDUCTIONOF THE COMPANY'S SHARE CAPITAL | Management | For |  | For |  |
| 6.2                                                                                                                                                      | ANY PROPOSAL BY THESHAREHOLDERS AND OR BOARD OFDIRECTORS. THE BOARD OFDIRECTORS HAS SUBMITTED THEFOLLOWING PROPOSAL: AUTHORITYTO THE BOARD OF DIRECTORS TO LETTHE COMPANY BUY BACK TREASURYSHARES | Management | For |  | For |  |
| 6.3                                                                                                                                                      | ANY PROPOSAL BY THESHAREHOLDERS AND OR BOARD OFDIRECTORS. THE BOARD OFDIRECTORS HAS SUBMITTED THEFOLLOWING PROPOSAL: AMENDMENTSTO ARTICLE 5.1 OF THE COMPANY'SARTICLES OF ASSOCIATION | Management | For |  | For |  |
| 6.4                                                                                                                                                      | ANY PROPOSAL BY THESHAREHOLDERS AND OR BOARD OFDIRECTORS. THE BOARD OFDIRECTORS HAS SUBMITTED THEFOLLOWING PROPOSAL: AMENDMENTTO ARTICLE 6.8 OF THE COMPANY'SARTICLES OF ASSOCIATION | Management | For |  | For |  |
| 6.5                                                                                                                                                      | ANY PROPOSAL BY THESHAREHOLDERS AND OR BOARD OFDIRECTORS. THE BOARD OFDIRECTORS HAS SUBMITTED THEFOLLOWING PROPOSAL: AUTHORITYTO THE CHAIRMAN OF THE ANNUALGENERAL MEETING | Management | For |  | For |  |
| 7.a                                                                                                                                                      | ELECTION OF MEMBER TO THE BOARDOF DIRECTORS: PEDER TUBORGH | Management | For |  | For |  |
| 7.b                                                                                                                                                      | ELECTION OF MEMBER TO THE BOARDOF DIRECTORS: CHRISTIAN FRIGAST | Management | For |  | For |  |
| 7.c                                                                                                                                                      | ELECTION OF MEMBER TO THE BOARDOF DIRECTORS: ALLAN LESLIELEIGHTON | Management | For |  | For |  |
| 7.d                                                                                                                                                      | ELECTION OF MEMBER TO THE BOARDOF DIRECTORS: ANDREA DAWN ALVEY | Management | For |  | For |  |
| 7.e                                                                                                                                                      | ELECTION OF MEMBER TO THE BOARDOF DIRECTORS: RONICA WANG | Management | For |  | For |  |
| 7.f                                                                                                                                                      | ELECTION OF MEMBER TO THE BOARDOF DIRECTORS: ANDERS BOYERSOGAARD | Management | For |  | For |  |
| 7.g                                                                                                                                                      | ELECTION OF MEMBER TO THE BOARDOF DIRECTORS: BJORN GULDEN | Management | For |  | For |  |
| 7.h                                                                                                                                                      | ELECTION OF MEMBER TO THE BOARDOF DIRECTORS: PER BANK | Management | For |  | For |  |
| 7.i                                                                                                                                                      | ELECTION OF MEMBER TO THE BOARDOF DIRECTORS: MICHAEL HAUGESORENSEN | Management | For |  | For |  |
| 7.j                                                                                                                                                      | ELECTION OF MEMBER TO THE BOARDOF DIRECTORS: BIRGITTA STYMNEGORANSSON | Management | For |  | For |  |
| 8.a                                                                                                                                                      | THE BOARD OF DIRECTORSPROPOSES RE-ELECTION OF ERNSTAND YOUNG PS AS THE COMPANY'SAUDITOR | Management | For |  | For |  |
| 9                                                                                                                                                        | ANY OTHER BUSINESS | Non-Voting |  |  |  |  |
| CMMT                                                                                                                                                     | 19 FEB 2016: PLEASE NOTE THAT THISIS A REVISION DUE TO MODIFICATIONOF THE-TEXT OF RESOLUTIONS. IFYOU HAVE ALREADY SENT IN YOURVOTES, PLEASE DO NOT-VOTE AGAINUNLESS YOU DECIDE TO AMEND YOURORIGINAL INSTRUCTIONS. THANK YOU. | Non-Voting |  |  |  |  |
|                                                                                                                                                     |
| SK TELECOM CO., LTD.                                                                                                                                     |
| Security                                                                                                                                                 | 78440P108 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | SKM | Meeting Date | 18-Mar-2016 |
| ISIN                                                                                                                                                     | US78440P1084 | Agenda | 934334145 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.                                                                                                                                                       | APPROVAL OF FINANCIALSTATEMENTS FOR THE 32ND FISCALYEAR (FROM JANUARY 1, 2015 TODECEMBER 31, 2015) AS SET FORTH INITEM 1 OF THE COMPANY'S AGENDAENCLOSED HEREWITH. | Management | For |  | Take No Action |  |
| 2.                                                                                                                                                       | APPROVAL OF AMENDMENTS TO THEARTICLES OF INCORPORATION AS SETFORTH IN ITEM 2 OF THE COMPANY'SAGENDA ENCLOSED HEREWITH. | Management | For |  | Take No Action |  |
| 3.1                                                                                                                                                      | ELECTION OF AN EXECUTIVEDIRECTOR: CHO, DAE SIK (INSIDEDIRECTOR) | Management | For |  | Take No Action |  |
| 3.2                                                                                                                                                      | ELECTION OF AN EXECUTIVEDIRECTOR: OH, DAE SHICK (OUTSIDEDIRECTOR) | Management | For |  | Take No Action |  |
| 4.                                                                                                                                                       | APPROVAL OF THE ELECTION OF AMEMBER OF THE AUDIT COMMITTEE ASSET FORTH IN ITEM 4 OF THECOMPANY'S AGENDA ENCLOSEDHEREWITH: OH, DAE SHICK. | Management | For |  | Take No Action |  |
| 5.                                                                                                                                                       | APPROVAL OF THE CEILING AMOUNTOF THE REMUNERATION FORDIRECTORS. *PROPOSED CEILINGAMOUNT OF THE REMUNERATION FORDIRECTORS IS KRW 12 BILLION. | Management | For |  | Take No Action |  |
| 6.                                                                                                                                                       | APPROVAL OF THE AMENDMENT TOTHE REMUNERATION POLICY FOREXECUTIVES. *PROPOSED TOP LEVELMANAGEMENT (CHAIRMAN, VICE-CHAIRMAN AND CEO LEVEL) PAYOUTRATE DECREASED FROM 6.0 OR 5.5 TO4.0 | Management | For |  | Take No Action |  |
|                                                                                                                                                     |
| SKANDINAVISKA ENSKILDA BANKEN AB, STOCKHOLM                                                                                                              |
| Security                                                                                                                                                 | W25381141 | Meeting Type | Annual General Meeting |
| Ticker Symbol                                                                                                                                            | SEBA SS | Meeting Date | 22-Mar-2016 |
| ISIN                                                                                                                                                     | SE0000148884 | Agenda | 706715832 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 9                                                                                                                                                        | ADOPTION OF THE PROFIT AND LOSSACCOUNT AND BALANCE SHEET ASWELL AS THE CONSOLIDATED PROFITAND LOSS ACCOUNT ANDCONSOLIDATED BALANCE SHEET | Management | For |  | For |  |
| 10                                                                                                                                                       | ALLOCATION OF THE BANK'S PROFITAS SHOWN IN THE BALANCE SHEETADOPTED BY THE MEETING: THEBOARD OF DIRECTORS PROPOSES ADIVIDEND OF SEK 5.25 PER SHARE | Management | For |  | For |  |
| 11                                                                                                                                                       | DISCHARGE FROM LIABILITY OF THEMEMBERS OF THE BOARD OFDIRECTORS AND THE PRESIDENT | Management | For |  | For |  |
| 12                                                                                                                                                       | THE BOARD OF DIRECTOR'SPROPOSAL ON AMENDMENT TO THEARTICLES OF ASSOCIATION | Management | For |  | For |  |
| 13                                                                                                                                                       | DETERMINATION OF THE NUMBER OFDIRECTORS AND AUDITORS TO BEELECTED BY THE MEETING: 13DIRECTORS AND ONE AUDITOR | Management | For |  | For |  |
| 14                                                                                                                                                       | APPROVAL OF REMUNERATION TO THEDIRECTORS AND THE AUDITORELECTED BY THE MEETING | Management | For |  | For |  |
| 15A.1                                                                                                                                                    | RE-ELECTION OF DIRECTOR: JOHAN H.ANDRESEN | Management | For |  | For |  |
| 15A.2                                                                                                                                                    | RE-ELECTION OF DIRECTOR: SIGNHILDARNEGARD HANSEN | Management | For |  | For |  |
| 15A.3                                                                                                                                                    | RE-ELECTION OF DIRECTOR: SAMIRBRIKHO | Management | For |  | For |  |
| 15A.4                                                                                                                                                    | RE-ELECTION OF DIRECTOR: ANNIKAFALKENGREN | Management | For |  | For |  |
| 15A.5                                                                                                                                                    | RE-ELECTION OF DIRECTOR: WINNIEFOK | Management | For |  | For |  |
| 15A.6                                                                                                                                                    | RE-ELECTION OF DIRECTOR: URBANJANSSON | Management | For |  | For |  |
| 15A.7                                                                                                                                                    | RE-ELECTION OF DIRECTOR: BIRGITTAKANTOLA | Management | For |  | For |  |
| 15A.8                                                                                                                                                    | RE-ELECTION OF DIRECTOR: TOMASNICOLIN | Management | For |  | For |  |
| 15A.9                                                                                                                                                    | RE-ELECTION OF DIRECTOR: SVENNYMAN | Management | For |  | For |  |
| 15A10                                                                                                                                                    | RE-ELECTION OF DIRECTOR: JESPEROVESEN | Management | For |  | For |  |
| 15A11                                                                                                                                                    | RE-ELECTION OF DIRECTOR: MARCUSWALLENBERG | Management | For |  | For |  |
| 15A12                                                                                                                                                    | NEW ELECTION OF DIRECTOR: HELENASAXON | Management | For |  | For |  |
| 15A13                                                                                                                                                    | NEW ELECTION OF DIRECTOR: SARAOHRVALL | Management | For |  | For |  |
| 15.B                                                                                                                                                     | ELECTION OF CHAIRMAN OF THEBOARD OF DIRECTORS: NOMINATIONCOMMITTEE PROPOSAL FORCHAIRMAN OF THE BOARD, MARCUSWALLENBERG | Management | For |  | For |  |
| 16                                                                                                                                                       | ELECTION OF AUDITOR:PRICEWATERHOUSECOOPERS AB | Management | For |  | For |  |
| 17                                                                                                                                                       | THE BOARD OF DIRECTOR'SPROPOSAL ON GUIDELINES FORSALARY AND OTHER REMUNERATIONFOR THE PRESIDENT AND MEMBERSOF THE GROUP EXECUTIVECOMMITTEE | Management | For |  | For |  |
| 18.A                                                                                                                                                     | THE BOARD OF DIRECTOR'SPROPOSAL ON LONG-TERM EQUITYPROGRAMMES FOR 2016: SEB ALLEMPLOYEE PROGRAMME (AEP) 2016FOR ALL EMPLOYEES IN MOST OF THECOUNTRIES WHERE SEB OPERATES | Management | For |  | For |  |
| 18.B                                                                                                                                                     | THE BOARD OF DIRECTOR'SPROPOSAL ON LONG-TERM EQUITYPROGRAMMES FOR 2016: SEB SHAREDEFERRAL PROGRAMME (SDP) 2016FOR THE GROUP EXECUTIVECOMMITTEE, CERTAIN OTHER SENIORMANAGERS AND A NUMBER OF OTHERKEY EMPLOYEES | Management | For |  | For |  |
| 19.A                                                                                                                                                     | THE BOARD OF DIRECTOR'SPROPOSAL ON THE ACQUISITION ANDSALE OF THE BANK'S OWN SHARES:ACQUISITION OF THE BANK'S OWNSHARES IN ITS SECURITIES BUSINESS | Management | For |  | For |  |
| 19.B                                                                                                                                                     | THE BOARD OF DIRECTOR'SPROPOSAL ON THE ACQUISITION ANDSALE OF THE BANK'S OWN SHARES:ACQUISITION AND SALE OF THE BANK'SOWN SHARES FOR CAPITAL PURPOSESAND FOR LONG-TERM EQUITYPROGRAMMES | Management | For |  | For |  |
| 19.C                                                                                                                                                     | THE BOARD OF DIRECTOR'SPROPOSAL ON THE ACQUISITION ANDSALE OF THE BANK'S OWN SHARES:TRANSFER OF THE BANK'S OWNSHARES TO PARTICIPANTS IN THE 2016LONG-TERM EQUITY PROGRAMMES | Management | For |  | For |  |
| 20                                                                                                                                                       | THE BOARD OF DIRECTOR'SPROPOSAL FOR DECISION ONAUTHORISATION TO THE BOARD OFDIRECTORS TO ISSUE CONVERTIBLES | Management | For |  | For |  |
| 21                                                                                                                                                       | THE BOARD OF DIRECTOR'SPROPOSAL ON THE APPOINTMENT OFAUDITORS OF FOUNDATIONS THATHAVE DELEGATED THEIR BUSINESS TOTHE BANK | Management | For |  | For |  |
| CMMT                                                                                                                                                     | THE BOARD DOES NOT MAKE ANYRECOMMENDATION ON RESOLUTIONS22A TO 22K AND 23 | Non-Voting |  |  |  |  |
| 22.A                                                                                                                                                     | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: TO ADOPT A VISION ONABSOLUTE EQUALITY ON ALL LEVELSWITHIN THE COMPANY BETWEEN MENAND WOMEN | Management | Against |  | For |  |
| 22.B                                                                                                                                                     | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: TO DELEGATE TO THEBOARD OF DIRECTORS OF THECOMPANY TO SET UP A WORKINGGROUP WITH THE TASK OFIMPLEMENTING ALSO THIS VISION INTHE LONG TERM AS WELL AS CLOSELYMONITOR THE DEVELOPMENT ONBOTH THE EQUALITY AND THEETHNICITY AREA | Management | Against |  | For |  |
| 22.C                                                                                                                                                     | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: TO ANNUALLY SUBMIT AREPORT IN WRITING TO THE ANNUALGENERAL MEETING, AS A SUGGESTIONBY INCLUDING THE REPORT IN THEPRINTED VERSION OF THE ANNUALREPORT | Management | Against |  | For |  |
| 22.D                                                                                                                                                     | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: TO DELEGATE TO THEBOARD OF DIRECTORS TO TAKENECESSARY ACTIONS TO CREATE ASHAREHOLDER'S ASSOCIATION IN THECOMPANY | Management | Against |  | For |  |
| 22.E                                                                                                                                                     | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: THAT A DIRECTOR MAYNOT INVOICE DIRECTOR'SREMUNERATION THROUGH AJURIDICAL PERSON, SWEDISH ORFOREIGN | Management | Against |  | For |  |
| 22.F                                                                                                                                                     | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: THAT THE NOMINATIONCOMMITTEE WHEN PERFORMING ITSASSIGNMENT SHALL PAY SPECIFICATTENTION TO QUESTIONS RELATEDTO ETHICS, GENDER AND ETHNICITY | Management | Against |  | For |  |
| 22.G                                                                                                                                                     | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: TO DELEGATE TO THEBOARD OF DIRECTORS TO SUBMIT APROPOSAL FOR REPRESENTATION INTHE BOARD AS WELL AS IN THENOMINATION COMMITTEE FOR THESMALL AND MEDIUM SIZEDSHAREHOLDERS TO THE ANNUALGENERAL MEETING 2017 (OR AN EXTRASHAREHOLDERS' MEETING HELDBEFORE THAT) FOR DECISION | Management | Against |  | For |  |
| 22.H                                                                                                                                                     | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: IN RELATION TO ITEM E)ABOVE, DELEGATE TO THE BOARD OFDIRECTORS TO TURN TOAPPROPRIATE AUTHORITY-IN THEFIRST PLACE THE SWEDISHGOVERNMENT OR THE TAXAUTHORITIES-TO BRING ABOUT ACHANGED REGULATION IN THIS AREA | Management | Against |  | For |  |
| 22.I                                                                                                                                                     | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: TO DELEGATE TO THEBOARD OF DIRECTORS TO PERFORM ATHOROUGH INVESTIGATION OF THECONSEQUENCES OF AN ABOLISHMENTOF THE DIFFERENTIATED VOTINGPOWERS IN SEB, RESULTING IN APROPOSAL FOR ACTIONS TO BESUBMITTED TO THE ANNUAL GENERALMEETING 2017 (OR AN EXTRASHAREHOLDERS' MEETING HELDBEFORE THAT) FOR DECISION | Management | Against |  | For |  |
| 22.J                                                                                                                                                     | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: TO DELEGATE TO THEBOARD OF DIRECTORS TO TURN TOTHE SWEDISH GOVERNMENT, AND | Management | Against |  | For |  |
|                                                                                                                                                          |  | DRAW THE GOVERNMENT'SATTENTION TO THE DESIRABILITY OFCHANGING THE LAW IN THIS AREA ANDABOLISH THE POSSIBILITY TO HAVEDIFFERENTIATED VOTING POWERS INSWEDISH LIMITED LIABILITYCOMPANIES |  |  |  |  |  |  |
| 22.K                                                                                                                                                     | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: DELEGATE TO THE BOARDOF DIRECTORS TO TURN TO THESWEDISH GOVERNMENT AND POINTOUT THE NEED OF A COMPREHENSIVE,NATIONAL REGULATION IN THE AREAMENTIONED IN ITEM 23 BELOW, THATIS INTRODUCTION OF A SO CALLEDQUARANTINE FOR POLITICIANS | Management | Against |  | For |  |
| 23                                                                                                                                                       | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON TO AMENDTHE ARTICLES OF ASSOCIATION:ARTICLE 6 | Management | Against |  | For |  |
| 24                                                                                                                                                       | CLOSING OF THE ANNUAL GENERALMEETING | Non-Voting |  |  |  |  |
|                                                                                                                                                     |
| THE TORONTO-DOMINION BANK                                                                                                                                |
| Security                                                                                                                                                 | 891160509 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | TD | Meeting Date | 31-Mar-2016 |
| ISIN                                                                                                                                                     | CA8911605092 | Agenda | 934329613 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| A                                                                                                                                                        | DIRECTOR | Management |  |  |  |  |
|                                                                                                                                                          |  |  | 1 | WILLIAM E. BENNETT | For |  | For |  |
|                                                                                                                                                          |  |  | 2 | AMY W. BRINKLEY | For |  | For |  |
|                                                                                                                                                          |  |  | 3 | BRIAN C. FERGUSON | For |  | For |  |
|                                                                                                                                                          |  |  | 4 | COLLEEN A. GOGGINS | For |  | For |  |
|                                                                                                                                                          |  |  | 5 | MARY JO HADDAD | For |  | For |  |
|                                                                                                                                                          |  |  | 6 | JEAN-RENÉ HALDE | For |  | For |  |
|                                                                                                                                                          |  |  | 7 | DAVID E. KEPLER | For |  | For |  |
|                                                                                                                                                          |  |  | 8 | BRIAN M. LEVITT | For |  | For |  |
|                                                                                                                                                          |  |  | 9 | ALAN N. MACGIBBON | For |  | For |  |
|                                                                                                                                                          |  |  | 10 | KAREN E. MAIDMENT | For |  | For |  |
|                                                                                                                                                          |  |  | 11 | BHARAT B. MASRANI | For |  | For |  |
|                                                                                                                                                          |  |  | 12 | IRENE R. MILLER | For |  | For |  |
|                                                                                                                                                          |  |  | 13 | NADIR H. MOHAMED | For |  | For |  |
|                                                                                                                                                          |  |  | 14 | CLAUDE MONGEAU | For |  | For |  |
| B                                                                                                                                                        | APPOINTMENT OF AUDITOR NAMED INTHE MANAGEMENT PROXY CIRCULAR | Management | For |  | For |  |
| C                                                                                                                                                        | APPROACH TO EXECUTIVECOMPENSATION DISCLOSED IN THEREPORT OF THE HUMAN RESOURCESCOMMITTEE AND APPROACH TOEXECUTIVE COMPENSATION SECTIONSOF THE MANAGEMENT PROXYCIRCULAR *ADVISORY VOTE* | Management | For |  | For |  |
| D                                                                                                                                                        | SHAREHOLDER PROPOSAL A | Shareholder | Against |  | Against |  |
| E                                                                                                                                                        | SHAREHOLDER PROPOSAL B | Shareholder | Against |  | Against |  |
|                                                                                                                                                     |
| NESTLE S.A.                                                                                                                                              |
| Security                                                                                                                                                 | 641069406 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | NSRGY | Meeting Date | 07-Apr-2016 |
| ISIN                                                                                                                                                     | US6410694060 | Agenda | 934343245 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1A.                                                                                                                                                      | APPROVAL OF THE ANNUAL REVIEW,THE FINANCIAL STATEMENTS OFNESTLE S.A. AND THE CONSOLIDATEDFINANCIAL STATEMENTS OF THENESTLE GROUP FOR 2015 | Management | For |  | For |  |
| 1B.                                                                                                                                                      | ACCEPTANCE OF THE COMPENSATIONREPORT 2015 (ADVISORY VOTE) | Management | For |  | For |  |
| 2.                                                                                                                                                       | DISCHARGE TO THE MEMBERS OF THEBOARD OF DIRECTORS AND OF THEMANAGEMENT | Management | For |  | For |  |
| 3.                                                                                                                                                       | APPROPRIATION OF PROFITRESULTING FROM THE BALANCESHEET OF NESTLE S.A. (PROPOSEDDIVIDEND) FOR THE FINANCIAL YEAR2015 | Management | For |  | For |  |
| 4AA                                                                                                                                                      | RE-ELECTIONS TO THE BOARD OFDIRECTORS: MR PETER BRABECK-LETMATHE | Management | For |  | For |  |
| 4AB                                                                                                                                                      | RE-ELECTIONS TO THE BOARD OFDIRECTORS: MR PAUL BULCKE | Management | For |  | For |  |
| 4AC                                                                                                                                                      | RE-ELECTIONS TO THE BOARD OFDIRECTORS: MR ANDREAS KOOPMANN | Management | For |  | For |  |
| 4AD                                                                                                                                                      | RE-ELECTIONS TO THE BOARD OFDIRECTORS: MR BEAT W. HESS | Management | For |  | For |  |
| 4AE                                                                                                                                                      | RE-ELECTIONS TO THE BOARD OFDIRECTORS: MR RENATO FASSBIND | Management | For |  | For |  |
| 4AF                                                                                                                                                      | RE-ELECTIONS TO THE BOARD OFDIRECTORS: MR STEVEN G. HOCH | Management | For |  | For |  |
| 4AG                                                                                                                                                      | RE-ELECTIONS TO THE BOARD OFDIRECTORS: MS NAINA LAL KIDWAI | Management | For |  | For |  |
| 4AH                                                                                                                                                      | RE-ELECTIONS TO THE BOARD OFDIRECTORS: MR JEAN-PIERRE ROTH | Management | For |  | For |  |
| 4AI                                                                                                                                                      | RE-ELECTIONS TO THE BOARD OFDIRECTORS: MS ANN M. VENEMAN | Management | For |  | For |  |
| 4AJ                                                                                                                                                      | RE-ELECTIONS TO THE BOARD OFDIRECTORS: MR HENRI DE CASTRIES | Management | For |  | For |  |
| 4AK                                                                                                                                                      | RE-ELECTIONS TO THE BOARD OFDIRECTORS: MS EVA CHENG | Management | For |  | For |  |
| 4AL                                                                                                                                                      | RE-ELECTIONS TO THE BOARD OFDIRECTORS: MS RUTH K. ONIANG'O | Management | For |  | For |  |
| 4AM                                                                                                                                                      | RE-ELECTIONS TO THE BOARD OFDIRECTORS: MR PATRICK AEBISCHER | Management | For |  | For |  |
| 4B.                                                                                                                                                      | ELECTION OF THE CHAIRMAN OF THEBOARD OF DIRECTORS MR PETERBRABECK-LETMATHE | Management | For |  | For |  |
| 4C1                                                                                                                                                      | ELECTION OF THE MEMBER OF THECOMPENSATION COMMITTEE: MR BEATW. HESS | Management | For |  | For |  |
| 4C2                                                                                                                                                      | ELECTION OF THE MEMBER OF THECOMPENSATION COMMITTEE: MRANDREAS KOOPMANN | Management | For |  | For |  |
| 4C3                                                                                                                                                      | ELECTION OF THE MEMBER OF THECOMPENSATION COMMITTEE: MRJEAN-PIERRE ROTH | Management | For |  | For |  |
| 4C4                                                                                                                                                      | ELECTION OF THE MEMBER OF THECOMPENSATION COMMITTEE: MRPATRICK AEBISCHER | Management | For |  | For |  |
| 4D.                                                                                                                                                      | ELECTION OF THE STATUTORYAUDITORS KPMG SA, GENEVA BRANCH | Management | For |  | For |  |
| 4E.                                                                                                                                                      | ELECTION OF THE INDEPENDENTREPRESENTATIVE, HARTMANNDREYER, ATTORNEYS-AT-LAW | Management | For |  | For |  |
| 5A.                                                                                                                                                      | APPROVAL OF THE COMPENSATION OFTHE BOARD OF DIRECTORS | Management | For |  | For |  |
| 5B.                                                                                                                                                      | APPROVAL OF THE COMPENSATION OFTHE EXECUTIVE BOARD | Management | For |  | For |  |
| 6.                                                                                                                                                       | CAPITAL REDUCTION (BYCANCELLATION OF SHARES) | Management | For |  | For |  |
| 7.                                                                                                                                                       | IN THE EVENT OF ANY YET UNKNOWNOR MODIFIED PROPOSAL BY ASHAREHOLDER DURING THE GENERALMEETING, I INSTRUCT THEINDEPENDENT REPRESENTATIVE TOVOTE AS FOLLOWS: "FOR" = VOTE FORANY SUCH YET UNKNOWN PROPOSAL;"AGAINST" = VOTE AGAINST ANY SUCHYET UNKNOWN PROPOSAL; "ABSTAIN"= ABSTAIN | Shareholder | Against |  | Against |  |
|                                                                                                                                                     |
| UNILEVER PLC                                                                                                                                             |
| Security                                                                                                                                                 | 904767704 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | UL | Meeting Date | 20-Apr-2016 |
| ISIN                                                                                                                                                     | US9047677045 | Agenda | 934351266 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.                                                                                                                                                       | TO RECEIVE THE REPORT ANDACCOUNTS FOR THE YEAR ENDED 31DECEMBER 2015 | Management | For |  | For |  |
| 2.                                                                                                                                                       | TO APPROVE THE DIRECTORS'REMUNERATION REPORT | Management | For |  | For |  |
| 3.                                                                                                                                                       | TO RE-ELECT MR N S ANDERSEN AS ANON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 4.                                                                                                                                                       | TO RE-ELECT MRS L M CHA AS A NON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 5.                                                                                                                                                       | TO RE-ELECT MR V COLAO AS A NON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 6.                                                                                                                                                       | TO RE-ELECT PROFESSOR L O FRESCOAS A NON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 7.                                                                                                                                                       | TO RE-ELECT MS A M FUDGE AS ANON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 8.                                                                                                                                                       | TO RE-ELECT DR J HARTMANN AS ANON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 9.                                                                                                                                                       | TO RE-ELECT MS M MA AS A NON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 10.                                                                                                                                                      | TO RE-ELECT MR P G J M POLMAN ASAN EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 11.                                                                                                                                                      | TO RE-ELECT MR J RISHTON AS A NON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 12.                                                                                                                                                      | TO RE-ELECT MR F SIJBESMA AS ANON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 13.                                                                                                                                                      | TO ELECT DR M DEKKERS AS A NON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 14.                                                                                                                                                      | TO ELECT MR S MASIYIWA AS A NON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 15.                                                                                                                                                      | TO ELECT PROFESSOR Y MOON AS ANON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 16.                                                                                                                                                      | TO ELECT MR G PITKETHLY AS ANEXECUTIVE DIRECTOR | Management | For |  | For |  |
| 17.                                                                                                                                                      | TO REAPPOINT KPMG LLP ASAUDITORS OF THE COMPANY | Management | For |  | For |  |
| 18.                                                                                                                                                      | TO AUTHORISE THE DIRECTORS TO FIXTHE REMUNERATION OF THEAUDITORS | Management | For |  | For |  |
| 19.                                                                                                                                                      | TO AUTHORISE POLITICAL DONATIONSAND EXPENDITURE | Management | For |  | For |  |
| 20.                                                                                                                                                      | TO RENEW THE AUTHORITY TODIRECTORS TO ISSUE SHARES | Management | For |  | For |  |
| 21.                                                                                                                                                      | TO RENEW THE AUTHORITY TODIRECTORS TO DISAPPLY PRE-EMPTION RIGHTS | Management | For |  | For |  |
| 22.                                                                                                                                                      | TO RENEW THE AUTHORITY TO THECOMPANY TO PURCHASE ITS OWNSHARES | Management | For |  | For |  |
| 23.                                                                                                                                                      | TO SHORTEN THE NOTICE PERIOD FORGENERAL MEETINGS | Management | For |  | For |  |
|                                                                                                                                                     |
| HONEYWELL INTERNATIONAL INC.                                                                                                                             |
| Security                                                                                                                                                 | 438516106 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | HON | Meeting Date | 25-Apr-2016 |
| ISIN                                                                                                                                                     | US4385161066 | Agenda | 934338840 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1A.                                                                                                                                                      | ELECTION OF DIRECTOR: WILLIAM S.AYER | Management | For |  | For |  |
| 1B.                                                                                                                                                      | ELECTION OF DIRECTOR: KEVIN BURKE | Management | For |  | For |  |
| 1C.                                                                                                                                                      | ELECTION OF DIRECTOR: JAIME CHICOPARDO | Management | For |  | For |  |
| 1D.                                                                                                                                                      | ELECTION OF DIRECTOR: DAVID M.COTE | Management | For |  | For |  |
| 1E.                                                                                                                                                      | ELECTION OF DIRECTOR: D. SCOTTDAVIS | Management | For |  | For |  |
| 1F.                                                                                                                                                      | ELECTION OF DIRECTOR: LINNET F.DEILY | Management | For |  | For |  |
| 1G.                                                                                                                                                      | ELECTION OF DIRECTOR: JUDD GREGG | Management | For |  | For |  |
| 1H.                                                                                                                                                      | ELECTION OF DIRECTOR: CLIVEHOLLICK | Management | For |  | For |  |
| 1I.                                                                                                                                                      | ELECTION OF DIRECTOR: GRACE D.LIEBLEIN | Management | For |  | For |  |
| 1J.                                                                                                                                                      | ELECTION OF DIRECTOR: GEORGE PAZ | Management | For |  | For |  |
| 1K.                                                                                                                                                      | ELECTION OF DIRECTOR: BRADLEY T.SHEARES | Management | For |  | For |  |
| 1L.                                                                                                                                                      | ELECTION OF DIRECTOR: ROBIN L.WASHINGTON | Management | For |  | For |  |
| 2.                                                                                                                                                       | APPROVAL OF INDEPENDENTACCOUNTANTS. | Management | For |  | For |  |
| 3.                                                                                                                                                       | ADVISORY VOTE TO APPROVEEXECUTIVE COMPENSATION. | Management | For |  | For |  |
| 4.                                                                                                                                                       | 2016 STOCK INCENTIVE PLAN OFHONEYWELL INTERNATIONAL INC. ANDITS AFFILIATES. | Management | For |  | For |  |
| 5.                                                                                                                                                       | 2016 STOCK PLAN FOR NON-EMPLOYEE DIRECTORS OFHONEYWELL INTERNATIONAL INC. | Management | For |  | For |  |
| 6.                                                                                                                                                       | INDEPENDENT BOARD CHAIRMAN. | Shareholder | For |  | Against |  |
| 7.                                                                                                                                                       | RIGHT TO ACT BY WRITTEN CONSENT. | Shareholder | For |  | Against |  |
| 8.                                                                                                                                                       | POLITICAL LOBBYING ANDCONTRIBUTIONS. | Shareholder | Against |  | Against |  |
|                                                                                                                                                     |
| ABBOTT LABORATORIES                                                                                                                                      |
| Security                                                                                                                                                 | 002824100 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | ABT | Meeting Date | 29-Apr-2016 |
| ISIN                                                                                                                                                     | US0028241000 | Agenda | 934344045 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1                                                                                                                                                        | DIRECTOR | Management |  |  |  |  |
|                                                                                                                                                          |  |  | 1 | R.J. ALPERN | For |  | For |  |
|                                                                                                                                                          |  |  | 2 | R.S. AUSTIN | For |  | For |  |
|                                                                                                                                                          |  |  | 3 | S.E. BLOUNT | For |  | For |  |
|                                                                                                                                                          |  |  | 4 | W.J. FARRELL | For |  | For |  |
|                                                                                                                                                          |  |  | 5 | E.M. LIDDY | For |  | For |  |
|                                                                                                                                                          |  |  | 6 | N. MCKINSTRY | For |  | For |  |
|                                                                                                                                                          |  |  | 7 | P.N. NOVAKOVIC | For |  | For |  |
|                                                                                                                                                          |  |  | 8 | W.A. OSBORN | For |  | For |  |
|                                                                                                                                                          |  |  | 9 | S.C. SCOTT III | For |  | For |  |
|                                                                                                                                                          |  |  | 10 | G.F. TILTON | For |  | For |  |
|                                                                                                                                                          |  |  | 11 | M.D. WHITE | For |  | For |  |
| 2                                                                                                                                                        | RATIFICATION OF ERNST & YOUNG LLPAS AUDITORS | Management | For |  | For |  |
| 3                                                                                                                                                        | SAY ON PAY – AN ADVISORY VOTE TOAPPROVE EXECUTIVE COMPENSATION | Management | For |  | For |  |
|                                                                                                                                                     |
| AMBEV S.A.                                                                                                                                               |
| Security                                                                                                                                                 | 02319V103 | Meeting Type | Special |
| Ticker Symbol                                                                                                                                            | ABEV | Meeting Date | 29-Apr-2016 |
| ISIN                                                                                                                                                     | US02319V1035 | Agenda | 934392539 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| A1.                                                                                                                                                      | ANALYSIS OF THE MANAGEMENTACCOUNTS, WITH EXAMINATION,DISCUSSION AND VOTING ON THEFINANCIAL STATEMENTS RELATED TOTHE FISCAL YEAR ENDED DECEMBER31, 2015. | Management | For |  | For |  |
| A2.                                                                                                                                                      | ALLOCATION OF THE NET PROFITSFOR THE FISCAL YEAR ENDEDDECEMBER 31, 2015 AND RATIFICATIONOF THE PAYMENT OF INTEREST ONOWN CAPITAL AND DISTRIBUTION OFDIVIDENDS, RELATED TO THE FISCALYEAR ENDED ON DECEMBER 31, 2015,APPROVED BY THE BOARD OFDIRECTORS AT MEETINGS HELD ONFEBRUARY 23RD, 2015, MAY 13TH,2015, AUGUST 28TH, 2015, DECEMBER1ST, 2015 AND JANUARY 15TH, 2016. | Management | For |  | For |  |
| A3.                                                                                                                                                      | ELECTION OF THE MEMBERS OF THECOMPANY'S FISCAL COUNCIL ANDTHEIR RESPECTIVE ALTERNATES FORA TERM IN OFFICE UNTIL THEORDINARY GENERAL MEETING TO BEHELD IN 2017. | Management | For |  | For |  |
| A4.                                                                                                                                                      | RATIFICATION OF THE AMOUNTS PAIDOUT AS COMPENSATION TO THEMANAGEMENT AND TO THE MEMBERSOF THE FISCAL COUNCIL OF THECOMPANY DURING THE FISCAL YEARENDED DECEMBER 31, 2015 ANDESTABLISHING THE OVERALLCOMPENSATION OF THE MANAGEMENTAND OF THE MEMBERS OF THE FISCALCOUNCIL FOR THE FISCAL YEAR OF2016. | Management | For |  | For |  |
| B1.                                                                                                                                                      | TO EXAMINE, DISCUSS AND APPROVEALL THE TERMS AND CONDITIONS OFTHE PROTOCOL AND JUSTIFICATIONOF THE MERGERS WITH AND INTO THECOMPANY OF CERVEJARIAS REUNIDASSKOL CARACU S.A. ("SKOL") ANDEAGLE DISTRIBUIDORA DE BEBIDASS.A. ("EAGLE") ENTERED INTO BY THEMANAGERS OF THE COMPANY, SKOLAND EAGLE (THE "MERGERS"). | Management | For |  | For |  |
| B2.                                                                                                                                                      | TO RATIFY THE RETENTION OF THESPECIALIZED FIRM APSISCONSULTORIA EMPRESARIAL LTDA. TOPREPARE THE VALUATION REPORTSOF THE NET EQUITY OF SKOL ANDEAGLE, BASED ON ITS BOOK VALUE,FOR PURPOSES OF SECTIONS 227 AND8 OF LAW NO. 6,404/76 ("VALUATIONREPORT"). | Management | For |  | For |  |
| B3.                                                                                                                                                      | TO APPROVE THE VALUATION REPORT. | Management | For |  | For |  |
| B4.                                                                                                                                                      | TO APPROVE THE MERGERS. | Management | For |  | For |  |
| B5.                                                                                                                                                      | TO AUTHORIZE THE COMPANY'SEXECUTIVE COMMITTEE TO PERFORMALL ACTS NECESSARY FOR THECONSUMMATION OF THE MERGERS. | Management | For |  | For |  |
| B6.                                                                                                                                                      | TO APPROVE THE COMPANY'S SHARE-BASED COMPENSATION PLAN. | Management | For |  | For |  |
|                                                                                                                                                     |
| PHILLIPS 66                                                                                                                                              |
| Security                                                                                                                                                 | 718546104 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | PSX | Meeting Date | 04-May-2016 |
| ISIN                                                                                                                                                     | US7185461040 | Agenda | 934345984 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1A.                                                                                                                                                      | ELECTION OF DIRECTOR: GREG C.GARLAND | Management | For |  | For |  |
| 1B.                                                                                                                                                      | ELECTION OF DIRECTOR: JOHN E.LOWE | Management | For |  | For |  |
| 2.                                                                                                                                                       | TO RATIFY THE APPOINTMENT OFERNST & YOUNG LLP AS THECOMPANY'S INDEPENDENTREGISTERED PUBLIC ACCOUNTINGFIRM FOR FISCAL YEAR 2016. | Management | For |  | For |  |
| 3.                                                                                                                                                       | TO CONSIDER AND VOTE ON APROPOSAL TO APPROVE, ON ANADVISORY (NON-BINDING) BASIS, THECOMPENSATION OF OUR NAMEDEXECUTIVE OFFICERS. | Management | For |  | For |  |
| 4.                                                                                                                                                       | TO CONSIDER AND VOTE ON AMANAGEMENT PROPOSAL TO AMENDTHE CERTIFICATE OF INCORPORATIONTO DECLASSIFY THE BOARD OFDIRECTORS OVER THE NEXT THREEYEARS. | Management | For |  | For |  |
|                                                                                                                                                     |
| EXPRESS SCRIPTS HOLDING COMPANY                                                                                                                          |
| Security                                                                                                                                                 | 30219G108 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | ESRX | Meeting Date | 04-May-2016 |
| ISIN                                                                                                                                                     | US30219G1085 | Agenda | 934347027 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1A.                                                                                                                                                      | ELECTION OF DIRECTOR: MAURA C.BREEN | Management | For |  | For |  |
| 1B.                                                                                                                                                      | ELECTION OF DIRECTOR: WILLIAM J.DELANEY | Management | For |  | For |  |
| 1C.                                                                                                                                                      | ELECTION OF DIRECTOR: ELDERGRANGER, MD, MG, USA (RETIRED) | Management | For |  | For |  |
| 1D.                                                                                                                                                      | ELECTION OF DIRECTOR: NICHOLAS J.LAHOWCHIC | Management | For |  | For |  |
| 1E.                                                                                                                                                      | ELECTION OF DIRECTOR: THOMAS P.MAC MAHON | Management | For |  | For |  |
| 1F.                                                                                                                                                      | ELECTION OF DIRECTOR: FRANKMERGENTHALER | Management | For |  | For |  |
| 1G.                                                                                                                                                      | ELECTION OF DIRECTOR: WOODROWA. MYERS, JR., MD | Management | For |  | For |  |
| 1H.                                                                                                                                                      | ELECTION OF DIRECTOR: RODERICK A.PALMORE | Management | For |  | For |  |
| 1I.                                                                                                                                                      | ELECTION OF DIRECTOR: GEORGE PAZ | Management | For |  | For |  |
| 1J.                                                                                                                                                      | ELECTION OF DIRECTOR: WILLIAM L.ROPER, MD, MPH | Management | For |  | For |  |
| 1K.                                                                                                                                                      | ELECTION OF DIRECTOR: SEYMOURSTERNBERG | Management | For |  | For |  |
| 1L.                                                                                                                                                      | ELECTION OF DIRECTOR: TIMOTHYWENTWORTH | Management | For |  | For |  |
| 2.                                                                                                                                                       | TO RATIFY THE APPOINTMENT OFPRICEWATERHOUSECOOPERS LLP ASTHE COMPANY'S INDEPENDENTREGISTERED PUBLIC ACCOUNTANTSFOR 2016. | Management | For |  | For |  |
| 3.                                                                                                                                                       | TO APPROVE, BY NON-BINDING VOTE,EXECUTIVE COMPENSATION. | Management | For |  | For |  |
| 4.                                                                                                                                                       | TO APPROVE AND RATIFY THEEXPRESS SCRIPTS HOLDING COMPANY2016 LONG-TERM INCENTIVE PLAN. | Management | For |  | For |  |
| 5.                                                                                                                                                       | STOCKHOLDER PROPOSALREGARDING AN INDEPENDENT BOARDCHAIRMAN. | Shareholder | For |  | Against |  |
| 6.                                                                                                                                                       | STOCKHOLDER PROPOSALREGARDING POLITICAL ACTIVITIESDISCLOSURE. | Shareholder | Against |  | Against |  |
|                                                                                                                                                     |
| PEPSICO, INC.                                                                                                                                            |
| Security                                                                                                                                                 | 713448108 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | PEP | Meeting Date | 04-May-2016 |
| ISIN                                                                                                                                                     | US7134481081 | Agenda | 934349261 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1A.                                                                                                                                                      | ELECTION OF DIRECTOR: SHONA L.BROWN | Management | For |  | For |  |
| 1B.                                                                                                                                                      | ELECTION OF DIRECTOR: GEORGE W.BUCKLEY | Management | For |  | For |  |
| 1C.                                                                                                                                                      | ELECTION OF DIRECTOR: CESARCONDE | Management | For |  | For |  |
| 1D.                                                                                                                                                      | ELECTION OF DIRECTOR: IAN M. COOK | Management | For |  | For |  |
| 1E.                                                                                                                                                      | ELECTION OF DIRECTOR: DINADUBLON | Management | For |  | For |  |
| 1F.                                                                                                                                                      | ELECTION OF DIRECTOR: RONA A.FAIRHEAD | Management | For |  | For |  |
| 1G.                                                                                                                                                      | ELECTION OF DIRECTOR: RICHARD W.FISHER | Management | For |  | For |  |
| 1H.                                                                                                                                                      | ELECTION OF DIRECTOR: WILLIAM R.JOHNSON | Management | For |  | For |  |
| 1I.                                                                                                                                                      | ELECTION OF DIRECTOR: INDRA K.NOOYI | Management | For |  | For |  |
| 1J.                                                                                                                                                      | ELECTION OF DIRECTOR: DAVID C.PAGE | Management | For |  | For |  |
| 1K.                                                                                                                                                      | ELECTION OF DIRECTOR: ROBERT C.POHLAD | Management | For |  | For |  |
| 1L.                                                                                                                                                      | ELECTION OF DIRECTOR: LLOYD G.TROTTER | Management | For |  | For |  |
| 1M.                                                                                                                                                      | ELECTION OF DIRECTOR: DANIELVASELLA | Management | For |  | For |  |
| 1N.                                                                                                                                                      | ELECTION OF DIRECTOR: ALBERTOWEISSER | Management | For |  | For |  |
| 2.                                                                                                                                                       | RATIFICATION OF THE APPOINTMENTOF KPMG LLP AS THE COMPANY'SINDEPENDENT REGISTERED PUBLICACCOUNTING FIRM FOR FISCAL YEAR2016. | Management | For |  | For |  |
| 3.                                                                                                                                                       | ADVISORY APPROVAL OF THECOMPANY'S EXECUTIVECOMPENSATION. | Management | For |  | For |  |
| 4.                                                                                                                                                       | APPROVAL OF THE RENEWAL ANDAMENDMENT OF THE PEPSICO, INC.LONG-TERM INCENTIVE PLAN. | Management | For |  | For |  |
| 5.                                                                                                                                                       | ESTABLISH BOARD COMMITTEE ONSUSTAINABILITY. | Shareholder | Against |  | Against |  |
| 6.                                                                                                                                                       | REPORT ON MINIMIZING IMPACTS OFNEONICS. | Shareholder | Against |  | Against |  |
| 7.                                                                                                                                                       | POLICY REGARDING HOLY LANDPRINCIPLES. | Shareholder | Against |  | Against |  |
| 8.                                                                                                                                                       | ADOPT QUANTITATIVE RENEWABLEENERGY TARGETS. | Shareholder | Against |  | Against |  |
|                                                                                                                                                     |
| ALLERGAN PLC                                                                                                                                             |
| Security                                                                                                                                                 | G0177J108 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | AGN | Meeting Date | 05-May-2016 |
| ISIN                                                                                                                                                     | IE00BY9D5467 | Agenda | 934354565 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.                                                                                                                                                       | DIRECTOR | Management |  |  |  |  |
|                                                                                                                                                          |  |  | 1 | NESLI BASGOZ, M.D. | For |  | For |  |
|                                                                                                                                                          |  |  | 2 | PAUL M. BISARO | For |  | For |  |
|                                                                                                                                                          |  |  | 3 | JAMES H. BLOEM | For |  | For |  |
|                                                                                                                                                          |  |  | 4 | CHRISTOPHER W. BODINE | For |  | For |  |
|                                                                                                                                                          |  |  | 5 | CHRISTOPHER J. COUGHLIN | For |  | For |  |
|                                                                                                                                                          |  |  | 6 | MICHAEL R. GALLAGHER | For |  | For |  |
|                                                                                                                                                          |  |  | 7 | CATHERINE M. KLEMA | For |  | For |  |
|                                                                                                                                                          |  |  | 8 | PETER J. MCDONNELL, M.D | For |  | For |  |
|                                                                                                                                                          |  |  | 9 | PATRICK J. O'SULLIVAN | For |  | For |  |
|                                                                                                                                                          |  |  | 10 | BRENTON L. SAUNDERS | For |  | For |  |
|                                                                                                                                                          |  |  | 11 | RONALD R. TAYLOR | For |  | For |  |
|                                                                                                                                                          |  |  | 12 | FRED G. WEISS | For |  | For |  |
| 2.                                                                                                                                                       | TO APPROVE, IN A NON-BINDING VOTE,NAMED EXECUTIVE OFFICERCOMPENSATION | Management | For |  | For |  |
| 3.                                                                                                                                                       | TO RATIFY, IN A NON-BINDING VOTE,THE APPOINTMENT OFPRICEWATERHOUSECOOPERS LLP ASTHE COMPANY'S INDEPENDENTAUDITOR FOR THE FISCAL YEARENDING DECEMBER 31, 2016 AND TOAUTHORIZE, IN A BINDING VOTE, THEBOARD OF DIRECTORS, ACTINGTHROUGH THE AUDIT ANDCOMPLIANCE COMMITTEE, TODETERMINEPRICEWATERHOUSECOOPERS LLP'SREMUNERATION | Management | For |  | For |  |
| 4A.                                                                                                                                                      | TO APPROVE THE AMENDMENT OF THECOMPANY'S: MEMORANDUM OFASSOCIATION TO MAKE CERTAINADMINISTRATIVE AMENDMENTS | Management | For |  | For |  |
| 4B.                                                                                                                                                      | TO APPROVE THE AMENDMENT OF THECOMPANY'S: ARTICLES OFASSOCIATION TO MAKE CERTAINADMINISTRATIVE AMENDMENTS | Management | For |  | For |  |
| 5A.                                                                                                                                                      | TO APPROVE THE AMENDMENT OF THECOMPANY'S ARTICLES OFASSOCIATION IN ORDER TO: PROVIDEFOR A PLURALITY VOTING STANDARDIN THE EVENT OF A CONTESTEDELECTION | Management | For |  | For |  |
| 5B.                                                                                                                                                      | TO APPROVE THE AMENDMENT OF THECOMPANY'S ARTICLES OFASSOCIATION IN ORDER TO: GRANTTHE BOARD OF DIRECTORS SOLEAUTHORITY TO DETERMINE ITS SIZE | Management | For |  | For |  |
| 6.                                                                                                                                                       | TO APPROVE THE REDUCTION OFCOMPANY CAPITAL | Management | For |  | For |  |
| 7.                                                                                                                                                       | TO CONSIDER A SHAREHOLDERPROPOSAL REGARDING AN ANNUALREPORT ON LOBBYING ACTIVITIES, IFPROPERLY PRESENTED AT THEMEETING | Shareholder | Against |  | Against |  |
| 8.                                                                                                                                                       | TO CONSIDER A SHAREHOLDERPROPOSAL REGARDING ANINDEPENDENT BOARD CHAIRMAN, IFPROPERLY PRESENTED AT THEMEETING | Shareholder | For |  | Against |  |
|                                                                                                                                                     |
| WELLTOWER INC.                                                                                                                                           |
| Security                                                                                                                                                 | 95040Q104 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | HCN | Meeting Date | 05-May-2016 |
| ISIN                                                                                                                                                     | US95040Q1040 | Agenda | 934356571 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1A.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING: KENNETH J. BACON | Management | For |  | For |  |
| 1B.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING: THOMAS J. DEROSA | Management | For |  | For |  |
| 1C.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING: JEFFREY H. DONAHUE | Management | For |  | For |  |
| 1D.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING: FRED S. KLIPSCH | Management | For |  | For |  |
| 1E.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING: GEOFFREY G. MEYERS | Management | For |  | For |  |
| 1F.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING: TIMOTHY J. NAUGHTON | Management | For |  | For |  |
| 1G.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING: SHARON M. OSTER | Management | For |  | For |  |
| 1H.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING: JUDITH C. PELHAM | Management | For |  | For |  |
| 1I.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING: SERGIO D. RIVERA | Management | For |  | For |  |
| 1J.                                                                                                                                                      | ELECTION OF DIRECTOR TO HOLDOFFICE UNTIL THE NEXT ANNUALMEETING: R. SCOTT TRUMBULL | Management | For |  | For |  |
| 2.                                                                                                                                                       | THE RATIFICATION OF THEAPPOINTMENT OF ERNST & YOUNG LLPAS INDEPENDENT REGISTERED PUBLICACCOUNTING FIRM FOR THE FISCALYEAR 2016. | Management | For |  | For |  |
| 3.                                                                                                                                                       | APPROVAL OF THE COMPENSATION OFTHE NAMED EXECUTIVE OFFICERS ASDISCLOSED IN THE PROXY STATEMENTPURSUANT TO THE COMPENSATIONDISCLOSURE RULES OF THE SEC. | Management | For |  | For |  |
| 4.                                                                                                                                                       | APPROVAL OF THE WELLTOWER INC.2016 LONG-TERM INCENTIVE PLAN. | Management | For |  | For |  |
|                                                                                                                                                     |
| 3M COMPANY                                                                                                                                               |
| Security                                                                                                                                                 | 88579Y101 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | MMM | Meeting Date | 10-May-2016 |
| ISIN                                                                                                                                                     | US88579Y1010 | Agenda | 934345756 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1A.                                                                                                                                                      | TO ELECT MEMBER TO THE BOARD OFDIRECTORS, EACH FOR A TERM OFONE YEAR: SONDRA L. BARBOUR | Management | For |  | For |  |
| 1B.                                                                                                                                                      | TO ELECT MEMBER TO THE BOARD OFDIRECTORS, EACH FOR A TERM OFONE YEAR: THOMAS "TONY" K. BROWN | Management | For |  | For |  |
| 1C.                                                                                                                                                      | TO ELECT MEMBER TO THE BOARD OFDIRECTORS, EACH FOR A TERM OFONE YEAR: VANCE D. COFFMAN | Management | For |  | For |  |
| 1D.                                                                                                                                                      | TO ELECT MEMBER TO THE BOARD OFDIRECTORS, EACH FOR A TERM OFONE YEAR: DAVID B. DILLON | Management | For |  | For |  |
| 1E.                                                                                                                                                      | TO ELECT MEMBER TO THE BOARD OFDIRECTORS, EACH FOR A TERM OFONE YEAR: MICHAEL L. ESKEW | Management | For |  | For |  |
| 1F.                                                                                                                                                      | TO ELECT MEMBER TO THE BOARD OFDIRECTORS, EACH FOR A TERM OFONE YEAR: HERBERT L. HENKEL | Management | For |  | For |  |
| 1G.                                                                                                                                                      | TO ELECT MEMBER TO THE BOARD OFDIRECTORS, EACH FOR A TERM OFONE YEAR: MUHTAR KENT | Management | For |  | For |  |
| 1H.                                                                                                                                                      | TO ELECT MEMBER TO THE BOARD OFDIRECTORS, EACH FOR A TERM OFONE YEAR: EDWARD M. LIDDY | Management | For |  | For |  |
| 1I.                                                                                                                                                      | TO ELECT MEMBER TO THE BOARD OFDIRECTORS, EACH FOR A TERM OFONE YEAR: GREGORY R. PAGE | Management | For |  | For |  |
| 1J.                                                                                                                                                      | TO ELECT MEMBER TO THE BOARD OFDIRECTORS, EACH FOR A TERM OFONE YEAR: INGE G. THULIN | Management | For |  | For |  |
| 1K.                                                                                                                                                      | TO ELECT MEMBER TO THE BOARD OFDIRECTORS, EACH FOR A TERM OFONE YEAR: ROBERT J. ULRICH | Management | For |  | For |  |
| 1L.                                                                                                                                                      | TO ELECT MEMBER TO THE BOARD OFDIRECTORS, EACH FOR A TERM OFONE YEAR: PATRICIA A. WOERTZ | Management | For |  | For |  |
| 2.                                                                                                                                                       | TO RATIFY THE APPOINTMENT OFPRICEWATERHOUSECOOPERS LLP AS3M'S INDEPENDENT REGISTEREDPUBLIC ACCOUNTING FIRM. | Management | For |  | For |  |
| 3.                                                                                                                                                       | ADVISORY APPROVAL OF EXECUTIVECOMPENSATION. | Management | For |  | For |  |
| 4.                                                                                                                                                       | APPROVAL OF THE 2016 LONG-TERMINCENTIVE PLAN. | Management | For |  | For |  |
| 5.                                                                                                                                                       | STOCKHOLDER PROPOSAL ONSPECIAL MEETINGS. | Shareholder | Against |  | Against |  |
| 6.                                                                                                                                                       | STOCKHOLDER PROPOSAL ON SHAREREPURCHASE PROGRAM ANDEXECUTIVE COMPENSATION. | Shareholder | Against |  | Against |  |
|                                                                                                                                                     |
| CONOCOPHILLIPS                                                                                                                                           |
| Security                                                                                                                                                 | 20825C104 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | COP | Meeting Date | 10-May-2016 |
| ISIN                                                                                                                                                     | US20825C1045 | Agenda | 934347039 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1A.                                                                                                                                                      | ELECTION OF DIRECTOR: RICHARD L.ARMITAGE | Management | For |  | For |  |
| 1B.                                                                                                                                                      | ELECTION OF DIRECTOR: RICHARD H.AUCHINLECK | Management | For |  | For |  |
| 1C.                                                                                                                                                      | ELECTION OF DIRECTOR: CHARLES E.BUNCH | Management | For |  | For |  |
| 1D.                                                                                                                                                      | ELECTION OF DIRECTOR: JAMES E.COPELAND, JR. | Management | For |  | For |  |
| 1E.                                                                                                                                                      | ELECTION OF DIRECTOR: JOHN V.FARACI | Management | For |  | For |  |
| 1F.                                                                                                                                                      | ELECTION OF DIRECTOR: JODY L.FREEMAN | Management | For |  | For |  |
| 1G.                                                                                                                                                      | ELECTION OF DIRECTOR: GAY HUEYEVANS | Management | For |  | For |  |
| 1H.                                                                                                                                                      | ELECTION OF DIRECTOR: RYAN M.LANCE | Management | For |  | For |  |
| 1I.                                                                                                                                                      | ELECTION OF DIRECTOR: ARJUN N.MURTI | Management | For |  | For |  |
| 1J.                                                                                                                                                      | ELECTION OF DIRECTOR: ROBERT A.NIBLOCK | Management | For |  | For |  |
| 1K.                                                                                                                                                      | ELECTION OF DIRECTOR: HARALD J.NORVIK | Management | For |  | For |  |
| 2.                                                                                                                                                       | PROPOSAL TO RATIFY APPOINTMENTOF ERNST & YOUNG LLP ASCONOCOPHILLIPS' INDEPENDENTREGISTERED PUBLIC ACCOUNTINGFIRM FOR 2016. | Management | For |  | For |  |
| 3.                                                                                                                                                       | ADVISORY APPROVAL OF EXECUTIVECOMPENSATION. | Management | For |  | For |  |
| 4.                                                                                                                                                       | REPORT ON LOBBYINGEXPENDITURES. | Shareholder | Against |  | Against |  |
| 5.                                                                                                                                                       | PARTIAL DEFERRAL OF ANNUALBONUS BASED ON RESERVESMETRICS. | Shareholder | Against |  | Against |  |
|                                                                                                                                                     |
| TELENOR ASA, FORNEBU                                                                                                                                     |
| Security                                                                                                                                                 | R21882106 | Meeting Type | Annual General Meeting |
| Ticker Symbol                                                                                                                                            | TEL NO | Meeting Date | 11-May-2016 |
| ISIN                                                                                                                                                     | NO0010063308 | Agenda | 706945308 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1                                                                                                                                                        | APPROVAL OF THE NOTICE AND THEAGENDA | Management | For |  | For |  |
| 3                                                                                                                                                        | APPROVAL OF THE FINANCIALSTATEMENTS AND REPORT FROM THEBOARD OF DIRECTORS FOR THEFINANCIAL YEAR 2015, INCLUDINGDISTRIBUTION OF DIVIDEND | Management | For |  | For |  |
| 4                                                                                                                                                        | AUTHORISATION TO DISTRIBUTEDIVIDEND | Management | For |  | For |  |
| 5                                                                                                                                                        | APPROVAL OF THE REMUNERATION TOTHE COMPANY'S AUDITOR | Management | For |  | For |  |
| 7.1                                                                                                                                                      | ADVISORY VOTE ON THE BOARD OFDIRECTORS' STATEMENT REGARDINGDETERMINATION OF SALARY ANDOTHER REMUNERATION TO THEEXECUTIVE MANAGEMENT FOR THECOMING FINANCIAL YEAR | Management | For |  | For |  |
| 7.2                                                                                                                                                      | APPROVAL OF GUIDELINES FOR SHARERELATED INCENTIVE ARRANGEMENTSFOR THE COMING FINANCIAL YEAR(SECTION 3.3 OF THE STATEMENT) | Management | For |  | For |  |
| 8.A                                                                                                                                                      | ELECTION OF SHAREHOLDER ELECTEDMEMBER AND DEPUTY MEMBERS TOTHE CORPORATE ASSEMBLY IN LINEWITH THE NOMINATION COMMITTEE'SPROPOSAL: ANNE KVAM | Management | For |  | For |  |
| 8.B                                                                                                                                                      | ELECTION OF SHAREHOLDER ELECTEDMEMBER AND DEPUTY MEMBERS TOTHE CORPORATE ASSEMBLY IN LINEWITH THE NOMINATION COMMITTEE'SPROPOSAL: MAALFRID BRATH (1STDEPUTY) | Management | For |  | For |  |
| 9                                                                                                                                                        | DETERMINATION OF REMUNERATIONTO THE MEMBERS OF THECORPORATE ASSEMBLY AND THENOMINATION COMMITTEE IN LINE WITHTHE NOMINATION COMMITTEE'SPROPOSAL | Management | For |  | For |  |
|                                                                                                                                                     |
| STATOIL ASA                                                                                                                                              |
| Security                                                                                                                                                 | 85771P102 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | STO | Meeting Date | 11-May-2016 |
| ISIN                                                                                                                                                     | US85771P1021 | Agenda | 934397731 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 3                                                                                                                                                        | ELECTION OF CHAIR FOR THEMEETING | Management | For |  | For |  |
| 4                                                                                                                                                        | APPROVAL OF THE NOTICE AND THEAGENDA | Management | For |  | For |  |
| 5                                                                                                                                                        | ELECTION OF TWO PERSONS TO CO-SIGN THE MINUTES TOGETHER WITHTHE CHAIR OF THE MEETING | Management | For |  | For |  |
| 6                                                                                                                                                        | APPROVAL OF THE ANNUAL REPORTAND ACCOUNTS FOR STATOIL ASA ANDTHE STATOIL GROUP FOR 2015,INCLUDING THE BOARD OFDIRECTORS' PROPOSAL FORDISTRIBUTION OF 4Q 2015 DIVIDEND | Management | For |  | For |  |
| 7                                                                                                                                                        | AUTHORISATION TO DISTRIBUTEDIVIDEND BASED ON APPROVEDANNUAL ACCOUNTS FOR 2015 | Management | For |  | For |  |
| 8A                                                                                                                                                       | APPROVAL OF A TWO-YEAR SCRIPDIVIDEND: SHARE CAPITAL INCREASEFOR ISSUE OF NEW SHARES INCONNECTION WITH PAYMENT OFDIVIDEND FOR 4Q 2015 | Management | For |  | For |  |
| 8B                                                                                                                                                       | APPROVAL OF A TWO-YEAR SCRIPDIVIDEND: AUTHORISATION TO THEBOARD OF DIRECTORS TO INCREASETHE SHARE CAPITAL IN CONNECTIONWITH PAYMENT OF DIVIDEND FOR 1QTO 3Q 2016 | Management | For |  | For |  |
| 9                                                                                                                                                        | PROPOSAL FROM SHAREHOLDERREGARDING STATOIL'S STRATEGY | Shareholder | For |  | Against |  |
| 10                                                                                                                                                       | THE BOARD OF DIRECTORS' REPORTON CORPORATE GOVERNANCE | Management | For |  | For |  |
| 11A                                                                                                                                                      | THE BOARD OF DIRECTORS'DECLARATION ON STIPULATION OFSALARY AND OTHER REMUNERATIONFOR EXECUTIVE MANAGEMENT:ADVISORY VOTE RELATED TO THEBOARD OF DIRECTORS' DECLARATIONON STIPULATION OF SALARY ANDOTHER REMUNERATION FOREXECUTIVE MANAGEMENT | Management | For |  | For |  |
| 11B                                                                                                                                                      | THE BOARD OF DIRECTORS'DECLARATION ON STIPULATION OFSALARY AND OTHER REMUNERATIONFOR EXECUTIVE MANAGEMENT:APPROVAL OF THE BOARD OFDIRECTORS' PROPOSAL RELATED TOREMUNERATION LINKED TO THEDEVELOPMENT OF THE COMPANY'SSHARE PRICE | Management | For |  | For |  |
| 12                                                                                                                                                       | APPROVAL OF REMUNERATION FORTHE COMPANY'S EXTERNAL AUDITORFOR 2015 | Management | For |  | For |  |
| 13A                                                                                                                                                      | ELECTION OF MEMBERS TO THECORPORATE ASSEMBLY: THENOMINATION COMMITTEE'S JOINTPROPOSAL (OR INDIVIDUAL VOTING) | Management | For |  | For |  |
| 13B                                                                                                                                                      | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBERTONE LUNDE BAKKER (EXISTINGMEMBER, NOMINATED AS NEW CHAIR) | Management | For |  | For |  |
| 13C                                                                                                                                                      | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBER NILSBASTIANSEN (NEW ELECTION,NOMINATED AS DEPUTY CHAIR) | Management | For |  | For |  |
| 13D                                                                                                                                                      | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBERGREGER MANNSVERK (RE-ELECTION) | Management | For |  | For |  |
| 13E                                                                                                                                                      | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBERSTEINAR OLSEN (RE-ELECTION) | Management | For |  | For |  |
| 13F                                                                                                                                                      | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBERINGVALD STROMMEN (RE-ELECTION) | Management | For |  | For |  |
| 13G                                                                                                                                                      | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBERRUNE BJERKE (RE-ELECTION) | Management | For |  | For |  |
| 13H                                                                                                                                                      | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBER SIRIKALVIG (RE-ELECTION) | Management | For |  | For |  |
| 13I                                                                                                                                                      | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBERTERJE VENOLD (RE-ELECTION) | Management | For |  | For |  |
| 13J                                                                                                                                                      | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBERKJERSTI KLEVEN (RE-ELECTION) | Management | For |  | For |  |
| 13K                                                                                                                                                      | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBERBIRGITTE RINGSTAD VARTDAL (NEWMEMBER,EXISTING 4. DEPUTYMEMBER) | Management | For |  | For |  |
| 13L                                                                                                                                                      | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBERJARLE ROTH (NEW ELECTION) | Management | For |  | For |  |
| 13M                                                                                                                                                      | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: MEMBERKATHRINE NAESS (NEW ELECTION) | Management | For |  | For |  |
| 13N                                                                                                                                                      | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: 1ST DEPUTYMEMBER: KJERSTIN FYLLINGEN (NEWELECTION) | Management | For |  | For |  |
| 13O                                                                                                                                                      | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: 2ND DEPUTYMEMBER: NINA KIVIJERVI JONASSEN(EXISTING 3. DEPUTY MEMBER) | Management | For |  | For |  |
| 13P                                                                                                                                                      | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: 3RD DEPUTYMEMBER: HAKON VOLLDAL (NEWELECTION) | Management | For |  | For |  |
| 13Q                                                                                                                                                      | ELECTION OF MEMBER TO THECORPORATE ASSEMBLY: 4TH DEPUTYMEMBER: KARI SKEIDSVOLL MOE (NEWELECTION) | Management | For |  | For |  |
| 14A                                                                                                                                                      | ELECTION OF MEMBER TO THENOMINATION COMMITTEE: THENOMINATION COMMITTEE'S JOINTPROPOSAL (OR INDIVIDUAL VOTING) | Management | For |  | For |  |
| 14B                                                                                                                                                      | ELECTION OF MEMBER TO THENOMINATION COMMITTEE: CHAIR TONELUNDE BAKKER (EXISTING MEMBER,NEW ELECTION AS CHAIR) | Management | For |  | For |  |
| 14C                                                                                                                                                      | ELECTION OF MEMBER TO THENOMINATION COMMITTEE: MEMBERTOM RATHKE (RE-ELECTION) | Management | For |  | For |  |
| 14D                                                                                                                                                      | ELECTION OF MEMBER TO THENOMINATION COMMITTEE: MEMBERELISABETH BERGE WITH PERSONALDEPUTY MEMBER BJORN STALEHAAVIK (RE-ELECTION) | Management | For |  | For |  |
| 14E                                                                                                                                                      | ELECTION OF MEMBER TO THENOMINATION COMMITTEE: MEMBERJARLE ROTH (NEW ELECTION) | Management | For |  | For |  |
| 15                                                                                                                                                       | AUTHORISATION TO ACQUIRE STATOILASA SHARES IN THE MARKET TOCONTINUE OPERATION OF THE SHARESAVINGS PLAN FOR EMPLOYEES | Management | For |  | For |  |
| 16                                                                                                                                                       | AUTHORISATION TO ACQUIRE STATOILASA SHARES IN THE MARKET FORSUBSEQUENT ANNULMENT | Management | For |  | For |  |
| 17                                                                                                                                                       | MARKETING INSTRUCTIONS FORSTATOIL ASA – ADJUSTMENTS | Management | For |  | For |  |
| 18                                                                                                                                                       | PROPOSAL SUBMITTED BY ASHAREHOLDER REGARDING THEESTABLISHMENT OF A RISKMANAGEMENT INVESTIGATIONCOMMITTEE | Shareholder | Against |  | Take No Action |  |
|                                                                                                                                                     |
| BAYERISCHE MOTOREN WERKE AG, MUENCHEN                                                                                                                    |
| Security                                                                                                                                                 | D12096109 | Meeting Type | Annual General Meeting |
| Ticker Symbol                                                                                                                                            | BMW GR | Meeting Date | 12-May-2016 |
| ISIN                                                                                                                                                     | DE0005190003 | Agenda | 706822485 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 2.                                                                                                                                                       | APPROVE ALLOCATION OF INCOMEAND DIVIDENDS OF EUR 3.22 PERPREFERRED SHARE AND 3.20 PERORDINARY SHARE | Management | For |  | For |  |
| 3.                                                                                                                                                       | APPROVE DISCHARGE OFMANAGEMENT BOARD FOR FISCAL2015 | Management | For |  | For |  |
| 4.                                                                                                                                                       | APPROVE DISCHARGE OFSUPERVISORY BOARD FOR FISCAL2015 | Management | For |  | For |  |
| 5.                                                                                                                                                       | RATIFY KPMG AG AS AUDITORS FORFISCAL 2016 | Management | For |  | For |  |
| 6.                                                                                                                                                       | ELECT SIMONE MENNE TO THESUPERVISORY BOARD | Management | For |  | For |  |
| 7.                                                                                                                                                       | AMEND CORPORATE PURPOSE | Management | For |  | For |  |
|                                                                                                                                                     |
| SEMPRA ENERGY                                                                                                                                            |
| Security                                                                                                                                                 | 816851109 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | SRE | Meeting Date | 12-May-2016 |
| ISIN                                                                                                                                                     | US8168511090 | Agenda | 934354046 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1A.                                                                                                                                                      | ELECTION OF DIRECTOR: ALAN L.BOECKMANN | Management | For |  | For |  |
| 1B.                                                                                                                                                      | ELECTION OF DIRECTOR: KATHLEEN L.BROWN | Management | For |  | For |  |
| 1C.                                                                                                                                                      | ELECTION OF DIRECTOR: PABLO A.FERRERO | Management | For |  | For |  |
| 1D.                                                                                                                                                      | ELECTION OF DIRECTOR: WILLIAM D.JONES | Management | For |  | For |  |
| 1E.                                                                                                                                                      | ELECTION OF DIRECTOR: WILLIAM G.OUCHI | Management | For |  | For |  |
| 1F.                                                                                                                                                      | ELECTION OF DIRECTOR: DEBRA L.REED | Management | For |  | For |  |
| 1G.                                                                                                                                                      | ELECTION OF DIRECTOR: WILLIAM C.RUSNACK | Management | For |  | For |  |
| 1H.                                                                                                                                                      | ELECTION OF DIRECTOR: WILLIAM P.RUTLEDGE | Management | For |  | For |  |
| 1I.                                                                                                                                                      | ELECTION OF DIRECTOR: LYNNSCHENK | Management | For |  | For |  |
| 1J.                                                                                                                                                      | ELECTION OF DIRECTOR: JACK T.TAYLOR | Management | For |  | For |  |
| 1K.                                                                                                                                                      | ELECTION OF DIRECTOR: JAMES C.YARDLEY | Management | For |  | For |  |
| 2.                                                                                                                                                       | RATIFICATION OF INDEPENDENTREGISTERED PUBLIC ACCOUNTINGFIRM. | Management | For |  | For |  |
| 3.                                                                                                                                                       | ADVISORY APPROVAL OF OUREXECUTIVE COMPENSATION. | Management | For |  | For |  |
|                                                                                                                                                     |
| TAIWAN SEMICONDUCTOR MFG. CO. LTD.                                                                                                                       |
| Security                                                                                                                                                 | 874039100 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | TSM | Meeting Date | 07-Jun-2016 |
| ISIN                                                                                                                                                     | US8740391003 | Agenda | 934421859 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.                                                                                                                                                       | TO REVISE THE ARTICLES OFINCORPORATION | Management | For |  | For |  |
| 2A.                                                                                                                                                      | TO ACCEPT 2015 BUSINESS REPORTAND FINANCIAL STATEMENTS | Management | For |  | For |  |
| 2B.                                                                                                                                                      | TO APPROVE THE PROPOSAL FORDISTRIBUTION OF 2015 EARNINGS | Management | For |  | For |  |
|                                                                                                                                                     |
| BIOGEN INC.                                                                                                                                              |
| Security                                                                                                                                                 | 09062X103 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | BIIB | Meeting Date | 08-Jun-2016 |
| ISIN                                                                                                                                                     | US09062X1037 | Agenda | 934393442 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1A.                                                                                                                                                      | ELECTION OF DIRECTOR: ALEXANDERJ. DENNER | Management | For |  | For |  |
| 1B.                                                                                                                                                      | ELECTION OF DIRECTOR: CAROLINE D.DORSA | Management | For |  | For |  |
| 1C.                                                                                                                                                      | ELECTION OF DIRECTOR: NANCY L.LEAMING | Management | For |  | For |  |
| 1D.                                                                                                                                                      | ELECTION OF DIRECTOR: RICHARD C.MULLIGAN | Management | For |  | For |  |
| 1E.                                                                                                                                                      | ELECTION OF DIRECTOR: ROBERT W.PANGIA | Management | For |  | For |  |
| 1F.                                                                                                                                                      | ELECTION OF DIRECTOR: STELIOSPAPADOPOULOS | Management | For |  | For |  |
| 1G.                                                                                                                                                      | ELECTION OF DIRECTOR: BRIAN S.POSNER | Management | For |  | For |  |
| 1H.                                                                                                                                                      | ELECTION OF DIRECTOR: ERIC K.ROWINSKY | Management | For |  | For |  |
| 1I.                                                                                                                                                      | ELECTION OF DIRECTOR: GEORGE A.SCANGOS | Management | For |  | For |  |
| 1J.                                                                                                                                                      | ELECTION OF DIRECTOR: LYNNSCHENK | Management | For |  | For |  |
| 1K.                                                                                                                                                      | ELECTION OF DIRECTOR: STEPHEN A.SHERWIN | Management | For |  | For |  |
| 2.                                                                                                                                                       | TO RATIFY THE SELECTION OFPRICEWATERHOUSECOOPERS LLP ASBIOGEN INC.'S INDEPENDENTREGISTERED PUBLIC ACCOUNTINGFIRM FOR THE FISCAL YEAR ENDINGDECEMBER 31, 2016. | Management | For |  | For |  |
| 3.                                                                                                                                                       | SAY ON PAY – TO APPROVE ANADVISORY VOTE ON EXECUTIVECOMPENSATION. | Management | For |  | For |  |
|                                                                                                                                                     |
| DEVON ENERGY CORPORATION                                                                                                                                 |
| Security                                                                                                                                                 | 25179M103 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | DVN | Meeting Date | 08-Jun-2016 |
| ISIN                                                                                                                                                     | US25179M1036 | Agenda | 934400071 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.                                                                                                                                                       | DIRECTOR | Management |  |  |  |  |
|                                                                                                                                                          |  |  | 1 | BARBARA M. BAUMANN | For |  | For |  |
|                                                                                                                                                          |  |  | 2 | JOHN E. BETHANCOURT | For |  | For |  |
|                                                                                                                                                          |  |  | 3 | DAVID A. HAGER | For |  | For |  |
|                                                                                                                                                          |  |  | 4 | ROBERT H. HENRY | For |  | For |  |
|                                                                                                                                                          |  |  | 5 | MICHAEL M. KANOVSKY | For |  | For |  |
|                                                                                                                                                          |  |  | 6 | ROBERT A. MOSBACHER, JR | For |  | For |  |
|                                                                                                                                                          |  |  | 7 | DUANE C. RADTKE | For |  | For |  |
|                                                                                                                                                          |  |  | 8 | MARY P. RICCIARDELLO | For |  | For |  |
|                                                                                                                                                          |  |  | 9 | JOHN RICHELS | For |  | For |  |
| 2.                                                                                                                                                       | ADVISORY VOTE TO APPROVEEXECUTIVE COMPENSATION. | Management | For |  | For |  |
| 3.                                                                                                                                                       | RATIFY THE APPOINTMENT OF THECOMPANY'S INDEPENDENT AUDITORSFOR 2016. | Management | For |  | For |  |
| 4.                                                                                                                                                       | REPORT ON LOBBYING ACTIVITIESRELATED TO ENERGY POLICY ANDCLIMATE CHANGE. | Shareholder | Against |  | Against |  |
| 5.                                                                                                                                                       | REPORT ON THE IMPACT OFPOTENTIAL CLIMATE CHANGEPOLICIES. | Shareholder | Against |  | Against |  |
| 6.                                                                                                                                                       | REPORT DISCLOSING LOBBYINGPOLICY AND ACTIVITY. | Shareholder | Against |  | Against |  |
| 7.                                                                                                                                                       | REMOVE RESERVE ADDITION METRICSFROM THE DETERMINATION OFEXECUTIVE INCENTIVECOMPENSATION. | Shareholder | Against |  | Against |  |
|                                                                                                                                                     |
| DELTA AIR LINES, INC.                                                                                                                                    |
| Security                                                                                                                                                 | 247361702 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | DAL | Meeting Date | 10-Jun-2016 |
| ISIN                                                                                                                                                     | US2473617023 | Agenda | 934402025 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1A.                                                                                                                                                      | ELECTION OF DIRECTOR: RICHARD H.ANDERSON | Management | For |  | For |  |
| 1B.                                                                                                                                                      | ELECTION OF DIRECTOR: EDWARD H.BASTIAN | Management | For |  | For |  |
| 1C.                                                                                                                                                      | ELECTION OF DIRECTOR: FRANCIS S.BLAKE | Management | For |  | For |  |
| 1D.                                                                                                                                                      | ELECTION OF DIRECTOR: DANIEL A.CARP | Management | For |  | For |  |
| 1E.                                                                                                                                                      | ELECTION OF DIRECTOR: DAVID G.DEWALT | Management | For |  | For |  |
| 1F.                                                                                                                                                      | ELECTION OF DIRECTOR: THOMAS E.DONILON | Management | For |  | For |  |
| 1G.                                                                                                                                                      | ELECTION OF DIRECTOR: WILLIAM H.EASTER III | Management | For |  | For |  |
| 1H.                                                                                                                                                      | ELECTION OF DIRECTOR: MICKEY P.FORET | Management | For |  | For |  |
| 1I.                                                                                                                                                      | ELECTION OF DIRECTOR: SHIRLEY C.FRANKLIN | Management | For |  | For |  |
| 1J.                                                                                                                                                      | ELECTION OF DIRECTOR: GEORGE N.MATTSON | Management | For |  | For |  |
| 1K.                                                                                                                                                      | ELECTION OF DIRECTOR: DOUGLAS R.RALPH | Management | For |  | For |  |
| 1L.                                                                                                                                                      | ELECTION OF DIRECTOR: SERGIO A.L.RIAL | Management | For |  | For |  |
| 1M.                                                                                                                                                      | ELECTION OF DIRECTOR: KATHY N.WALLER | Management | For |  | For |  |
| 1N.                                                                                                                                                      | ELECTION OF DIRECTOR: KENNETH B.WOODROW | Management | For |  | For |  |
| 2.                                                                                                                                                       | TO APPROVE, ON AN ADVISORY BASIS,THE COMPENSATION OF DELTA'SNAMED EXECUTIVE OFFICERS. | Management | For |  | For |  |
| 3.                                                                                                                                                       | TO APPROVE THE AMENDMENT ANDRESTATEMENT OF DELTA'SPERFORMANCE COMPENSATION PLAN. | Management | For |  | For |  |
| 4.                                                                                                                                                       | TO RATIFY THE APPOINTMENT OFERNST & YOUNG LLP AS DELTA'SINDEPENDENT AUDITORS FOR THEYEAR ENDING DECEMBER 31, 2016. | Management | For |  | For |  |
| 5.                                                                                                                                                       | A STOCKHOLDER PROPOSAL FORSENIOR EXECUTIVES TO RETAINSIGNIFICANT STOCK. | Shareholder | Against |  | Against |  |
|                                                                                                                                                     |
| MEDIVATION, INC.                                                                                                                                         |
| Security                                                                                                                                                 | 58501N101 | Meeting Type | Annual |
| Ticker Symbol                                                                                                                                            | MDVN | Meeting Date | 22-Jun-2016 |
| ISIN                                                                                                                                                     | US58501N1019 | Agenda | 934417278 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.                                                                                                                                                       | DIRECTOR | Management |  |  |  |  |
|                                                                                                                                                          |  |  | 1 | KIM D. BLICKENSTAFF | For |  | For |  |
|                                                                                                                                                          |  |  | 2 | KATHRYN E. FALBERG | For |  | For |  |
|                                                                                                                                                          |  |  | 3 | DAVID T. HUNG, M.D. | For |  | For |  |
|                                                                                                                                                          |  |  | 4 | MICHAEL L. KING, PH.D. | For |  | For |  |
|                                                                                                                                                          |  |  | 5 | C. PATRICK MACHADO | For |  | For |  |
|                                                                                                                                                          |  |  | 6 | DAWN SVORONOS | For |  | For |  |
|                                                                                                                                                          |  |  | 7 | W. ANTHONY VERNON | For |  | For |  |
|                                                                                                                                                          |  |  | 8 | WENDY L. YARNO | For |  | For |  |
| 2.                                                                                                                                                       | TO RATIFY THE SELECTION BY THEAUDIT COMMITTEE OF THE BOARD OFDIRECTORS OFPRICEWATERHOUSECOOPERS LLP ASMEDIVATION'S INDEPENDENTREGISTERED PUBLIC ACCOUNTINGFIRM FOR THE FISCAL YEAR ENDINGDECEMBER 31, 2016. | Management | For |  | For |  |
| 3.                                                                                                                                                       | TO APPROVE, ON AN ADVISORY BASIS,THE COMPENSATION OF MEDIVATION'SNAMED EXECUTIVE OFFICERS, ASDISCLOSED IN THE PROXY STATEMENTOF MEDIVATION. | Management | For |  | For |  |
| 4.                                                                                                                                                       | TO APPROVE AN AMENDMENT ANDRESTATEMENT OF THE MEDIVATION,INC. AMENDED AND RESTATED 2004EQUITY INCENTIVE AWARD PLAN TOINCREASE THE NUMBER OF SHARESOF MEDIVATION'S COMMON STOCKRESERVED FOR ISSUANCE UNDER THEPLAN BY 1,600,000 SHARES AND MAKECERTAIN OTHER CHANGES ASDESCRIBED IN PROPOSAL NO. 4 IN THEPROXY STATEMENT OF MEDIVATION. | Management | For |  | For |  |
| 5.                                                                                                                                                       | THE SHAREHOLDER PROPOSALREGARDING PROXY ACCESS, IFPROPERLY PRESENTED AT THEANNUAL MEETING. | Shareholder | Against |  | Against |  |
|                                                                                                                                                     |
| THE WILLIAMS COMPANIES, INC.                                                                                                                             |
| Security                                                                                                                                                 | 969457100 | Meeting Type | Special |
| Ticker Symbol                                                                                                                                            | WMB | Meeting Date | 27-Jun-2016 |
| ISIN                                                                                                                                                     | US9694571004 | Agenda | 934441623 – Management |
|                                                                                                                                                     |
| Item                                                                                                                                                     | Proposal | Proposedby | Vote | ManagementRecommendation |   |
| 1.                                                                                                                                                       | TO APPROVE THE ADOPTION OF THEAGREEMENT AND PLAN OF MERGER(THE "MERGER AGREEMENT") AMONGENERGY TRANSFER EQUITY, L.P.,ENERGY TRANSFER CORP LP ("ETC"),ENERGY TRANSFER CORP GP, LLC, LEGP, LLC, ENERGY TRANSFER EQUITYGP, LLC AND THE WILLIAMSCOMPANIES, INC. ("WMB"), AND THETRANSACTIONS CONTEMPLATEDTHEREBY, INCLUDING THE MERGER OFWMB WITH AND INTO ETC. | Management | For |  | For |  |
| 2.                                                                                                                                                       | TO APPROVE, ON AN ADVISORY (NON-BINDING) BASIS, SPECIFIEDCOMPENSATORY ARRANGEMENTSBETWEEN WMB AND ITS NAMEDEXECUTIVE OFFICERS RELATING TOTHE TRANSACTIONS CONTEMPLATEDBY THE MERGER AGREEMENT. | Management | For |  | For |  |
| 3.                                                                                                                                                       | TO APPROVE THE ADJOURNMENT OFTHE SPECIAL MEETING FROM TIME TOTIME, IF NECESSARY ORAPPROPRIATE, TO SOLICIT ADDITIONALPROXIES IF THERE ARE INSUFFICIENTVOTES AT THE TIME OF THE SPECIALMEETING TO APPROVE THE MERGERPROPOSAL. | Management | For |  | For |  |
|                                                                                                                                                     |

 

| Saturna Investment Trust, Sextant Global High Income Fund (SGHIX)**Proxy Voting Record relating to shareholder meetings held from July 1, 2015 through June 30, 2016** |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| CCR SA, SAO PAULO                                                                                                                                                      |
| Security                                                                                                                                                               | P1413U105 | Meeting Type | ExtraOrdinary General Meeting |
| Ticker Symbol                                                                                                                                                          | CCRO3 BZ | Meeting Date | 21-Jul-2015 |
| ISIN                                                                                                                                                                   | BRCCROACNOR2 | Agenda | 706309499 – Management |
|                                                                                                                                                                   |
| Item                                                                                                                                                                   | Proposal | Proposedby | Vote | ManagementRecommendation |
| 1                                                                                                                                                                      | TO VOTE REGARDING THE ELECTIONOF TWO NEW FULL MEMBERS AND ONEALTERNATE MEMBER TO THE BOARDOF DIRECTORS OF THE COMPANY, ASA RESULT OF THE RESIGNATION OF I.MR. RICARDO COUTINHO DE SENA ANDMR. LUIZ ANIBAL DE LIMA FERNANDESFROM POSITIONS AS FULL MEMBERSOF THE BOARD OF DIRECTORS OF THECOMPANY, AND II. MR. PAULO MARCIODE OLIVEIRA MONTEIRO FROM APOSITION AS AN ALTERNATE MEMBER | Management | For | For |
|                                                                                                                                                                        | OF THE BOARD OF DIRECTORS OF THECOMPANY. NOTE: SLATE. MEMBERS.PRINCIPAL. PAULO MARCIO DEOLIVEIRA MONTEIRO AND ANADOLORES MOURA CARNEIRO NOVAES.SUBSTITUTE. MARINA ROSENTHALROCHA |  |
|                                                                                                                                                                   |
| WHISTLER BLACKCOMB HOLDINGS INC, WHISTLER BC                                                                                                                           |
| Security                                                                                                                                                               | 96336D104 | Meeting Type | Annual General Meeting |
| Ticker Symbol                                                                                                                                                          | WB CN | Meeting Date | 10-Feb-2016 |
| ISIN                                                                                                                                                                   | CA96336D1042 | Agenda | 706591143 – Management |
|                                                                                                                                                                   |
| Item                                                                                                                                                                   | Proposal | Proposedby | Vote | ManagementRecommendation |
| 1                                                                                                                                                                      | TO PASS AN ORDINARY RESOLUTIONFIXING THE NUMBER OF DIRECTORSTO BE ELECTED BY SHAREHOLDERSFROM TIME TO TIME AT EIGHT | Management | For | For |
| 2.1                                                                                                                                                                    | ELECTION OF DIRECTOR: DAVIDBROWNLIE | Management | For | For |
| 2.2                                                                                                                                                                    | ELECTION OF DIRECTOR: JOHNFURLONG | Management | For | For |
| 2.3                                                                                                                                                                    | ELECTION OF DIRECTOR: RUSSELLGOODMAN | Management | For | For |
| 2.4                                                                                                                                                                    | ELECTION OF DIRECTOR: SCOTTHUTCHESON | Management | For | For |
| 2.5                                                                                                                                                                    | ELECTION OF DIRECTOR: PETERMCDERMOTT | Management | For | For |
| 2.6                                                                                                                                                                    | ELECTION OF DIRECTOR: ERICRESNICK | Management | For | For |
| 2.7                                                                                                                                                                    | ELECTION OF DIRECTOR: GRAHAMSAVAGE | Management | For | For |
| 2.8                                                                                                                                                                    | ELECTION OF DIRECTOR: MICHELEROMANOW | Management | For | For |
| 3                                                                                                                                                                      | APPOINTMENT OF KPMG LLP ASAUDITORS OF THE COMPANY FOR THEENSUING YEAR AND AUTHORIZING THEDIRECTORS TO FIX THEIRREMUNERATION | Management | For | For |
|                                                                                                                                                                   |
| SKANDINAVISKA ENSKILDA BANKEN AB, STOCKHOLM                                                                                                                            |
| Security                                                                                                                                                               | W25381141 | Meeting Type | Annual General Meeting |
| Ticker Symbol                                                                                                                                                          | SEBA SS | Meeting Date | 22-Mar-2016 |
| ISIN                                                                                                                                                                   | SE0000148884 | Agenda | 706715832 – Management |
|                                                                                                                                                                   |
| Item                                                                                                                                                                   | Proposal | Proposedby | Vote | ManagementRecommendation |
| 9                                                                                                                                                                      | ADOPTION OF THE PROFIT AND LOSSACCOUNT AND BALANCE SHEET ASWELL AS THE CONSOLIDATED PROFITAND LOSS ACCOUNT ANDCONSOLIDATED BALANCE SHEET | Management | For | For |
| 10                                                                                                                                                                     | ALLOCATION OF THE BANK'S PROFITAS SHOWN IN THE BALANCE SHEETADOPTED BY THE MEETING: THEBOARD OF DIRECTORS PROPOSES ADIVIDEND OF SEK 5.25 PER SHARE | Management | For | For |
| 11                                                                                                                                                                     | DISCHARGE FROM LIABILITY OF THEMEMBERS OF THE BOARD OFDIRECTORS AND THE PRESIDENT | Management | For | For |
| 12                                                                                                                                                                     | THE BOARD OF DIRECTOR'SPROPOSAL ON AMENDMENT TO THEARTICLES OF ASSOCIATION | Management | For | For |
| 13                                                                                                                                                                     | DETERMINATION OF THE NUMBER OFDIRECTORS AND AUDITORS TO BEELECTED BY THE MEETING: 13DIRECTORS AND ONE AUDITOR | Management | For | For |
| 14                                                                                                                                                                     | APPROVAL OF REMUNERATION TO THEDIRECTORS AND THE AUDITORELECTED BY THE MEETING | Management | For | For |
| 15A.1                                                                                                                                                                  | RE-ELECTION OF DIRECTOR: JOHAN H.ANDRESEN | Management | For | For |
| 15A.2                                                                                                                                                                  | RE-ELECTION OF DIRECTOR: SIGNHILDARNEGARD HANSEN | Management | For | For |
| 15A.3                                                                                                                                                                  | RE-ELECTION OF DIRECTOR: SAMIRBRIKHO | Management | For | For |
| 15A.4                                                                                                                                                                  | RE-ELECTION OF DIRECTOR: ANNIKAFALKENGREN | Management | For | For |
| 15A.5                                                                                                                                                                  | RE-ELECTION OF DIRECTOR: WINNIEFOK | Management | For | For |
| 15A.6                                                                                                                                                                  | RE-ELECTION OF DIRECTOR: URBANJANSSON | Management | For | For |
| 15A.7                                                                                                                                                                  | RE-ELECTION OF DIRECTOR: BIRGITTAKANTOLA | Management | For | For |
| 15A.8                                                                                                                                                                  | RE-ELECTION OF DIRECTOR: TOMASNICOLIN | Management | For | For |
| 15A.9                                                                                                                                                                  | RE-ELECTION OF DIRECTOR: SVENNYMAN | Management | For | For |
| 15A10                                                                                                                                                                  | RE-ELECTION OF DIRECTOR: JESPEROVESEN | Management | For | For |
| 15A11                                                                                                                                                                  | RE-ELECTION OF DIRECTOR: MARCUSWALLENBERG | Management | For | For |
| 15A12                                                                                                                                                                  | NEW ELECTION OF DIRECTOR: HELENASAXON | Management | For | For |
| 15A13                                                                                                                                                                  | NEW ELECTION OF DIRECTOR: SARAOHRVALL | Management | For | For |
| 15.B                                                                                                                                                                   | ELECTION OF CHAIRMAN OF THEBOARD OF DIRECTORS: NOMINATIONCOMMITTEE PROPOSAL FORCHAIRMAN OF THE BOARD, MARCUSWALLENBERG | Management | For | For |
| 16                                                                                                                                                                     | ELECTION OF AUDITOR:PRICEWATERHOUSECOOPERS AB | Management | For | For |
| 17                                                                                                                                                                     | THE BOARD OF DIRECTOR'SPROPOSAL ON GUIDELINES FORSALARY AND OTHER REMUNERATIONFOR THE PRESIDENT AND MEMBERSOF THE GROUP EXECUTIVECOMMITTEE | Management | For | For |
| 18.A                                                                                                                                                                   | THE BOARD OF DIRECTOR'SPROPOSAL ON LONG-TERM EQUITYPROGRAMMES FOR 2016: SEB ALLEMPLOYEE PROGRAMME (AEP) 2016FOR ALL EMPLOYEES IN MOST OF THECOUNTRIES WHERE SEB OPERATES | Management | For | For |
| 18.B                                                                                                                                                                   | THE BOARD OF DIRECTOR'SPROPOSAL ON LONG-TERM EQUITYPROGRAMMES FOR 2016: SEB SHAREDEFERRAL PROGRAMME (SDP) 2016FOR THE GROUP EXECUTIVECOMMITTEE, CERTAIN OTHER SENIORMANAGERS AND A NUMBER OF OTHERKEY EMPLOYEES | Management | For | For |
| 19.A                                                                                                                                                                   | THE BOARD OF DIRECTOR'SPROPOSAL ON THE ACQUISITION ANDSALE OF THE BANK'S OWN SHARES:ACQUISITION OF THE BANK'S OWNSHARES IN ITS SECURITIES BUSINESS | Management | For | For |
| 19.B                                                                                                                                                                   | THE BOARD OF DIRECTOR'SPROPOSAL ON THE ACQUISITION ANDSALE OF THE BANK'S OWN SHARES:ACQUISITION AND SALE OF THE BANK'SOWN SHARES FOR CAPITAL PURPOSESAND FOR LONG-TERM EQUITYPROGRAMMES | Management | For | For |
| 19.C                                                                                                                                                                   | THE BOARD OF DIRECTOR'SPROPOSAL ON THE ACQUISITION ANDSALE OF THE BANK'S OWN SHARES:TRANSFER OF THE BANK'S OWNSHARES TO PARTICIPANTS IN THE 2016LONG-TERM EQUITY PROGRAMMES | Management | For | For |
| 20                                                                                                                                                                     | THE BOARD OF DIRECTOR'SPROPOSAL FOR DECISION ONAUTHORISATION TO THE BOARD OFDIRECTORS TO ISSUE CONVERTIBLES | Management | For | For |
| 21                                                                                                                                                                     | THE BOARD OF DIRECTOR'SPROPOSAL ON THE APPOINTMENT OFAUDITORS OF FOUNDATIONS THATHAVE DELEGATED THEIR BUSINESS TOTHE BANK | Management | For | For |
| CMMT                                                                                                                                                                   | THE BOARD DOES NOT MAKE ANYRECOMMENDATION ON RESOLUTIONS22A TO 22K AND 23 | Non-Voting |  |
| 22.A                                                                                                                                                                   | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: TO ADOPT A VISION ONABSOLUTE EQUALITY ON ALL LEVELSWITHIN THE COMPANY BETWEEN MENAND WOMEN | Management | Against | For |
| 22.B                                                                                                                                                                   | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: TO DELEGATE TO THEBOARD OF DIRECTORS OF THECOMPANY TO SET UP A WORKINGGROUP WITH THE TASK OFIMPLEMENTING ALSO THIS VISION INTHE LONG TERM AS WELL AS CLOSELYMONITOR THE DEVELOPMENT ONBOTH THE EQUALITY AND THEETHNICITY AREA | Management | Against | For |
| 22.C                                                                                                                                                                   | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: TO ANNUALLY SUBMIT AREPORT IN WRITING TO THE ANNUALGENERAL MEETING, AS A SUGGESTIONBY INCLUDING THE REPORT IN THEPRINTED VERSION OF THE ANNUALREPORT | Management | Against | For |
| 22.D                                                                                                                                                                   | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: TO DELEGATE TO THEBOARD OF DIRECTORS TO TAKENECESSARY ACTIONS TO CREATE ASHAREHOLDER'S ASSOCIATION IN THECOMPANY | Management | Against | For |
| 22.E                                                                                                                                                                   | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: THAT A DIRECTOR MAYNOT INVOICE DIRECTOR'SREMUNERATION THROUGH AJURIDICAL PERSON, SWEDISH ORFOREIGN | Management | Against | For |
| 22.F                                                                                                                                                                   | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: THAT THE NOMINATIONCOMMITTEE WHEN PERFORMING ITSASSIGNMENT SHALL PAY SPECIFICATTENTION TO QUESTIONS RELATEDTO ETHICS, GENDER AND ETHNICITY | Management | Against | For |
| 22.G                                                                                                                                                                   | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: TO DELEGATE TO THEBOARD OF DIRECTORS TO SUBMIT APROPOSAL FOR REPRESENTATION INTHE BOARD AS WELL AS IN THENOMINATION COMMITTEE FOR THESMALL AND MEDIUM SIZEDSHAREHOLDERS TO THE ANNUALGENERAL MEETING 2017 (OR AN EXTRASHAREHOLDERS' MEETING HELDBEFORE THAT) FOR DECISION | Management | Against | For |
| 22.H                                                                                                                                                                   | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: IN RELATION TO ITEM E)ABOVE, DELEGATE TO THE BOARD OFDIRECTORS TO TURN TOAPPROPRIATE AUTHORITY-IN THEFIRST PLACE THE SWEDISHGOVERNMENT OR THE TAXAUTHORITIES-TO BRING ABOUT ACHANGED REGULATION IN THIS AREA | Management | Against | For |
| 22.I                                                                                                                                                                   | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: TO DELEGATE TO THEBOARD OF DIRECTORS TO PERFORM ATHOROUGH INVESTIGATION OF THECONSEQUENCES OF AN ABOLISHMENTOF THE DIFFERENTIATED VOTINGPOWERS IN SEB, RESULTING IN APROPOSAL FOR ACTIONS TO BESUBMITTED TO THE ANNUAL GENERALMEETING 2017 (OR AN EXTRASHAREHOLDERS' MEETING HELDBEFORE THAT) FOR DECISION | Management | Against | For |
| 22.J                                                                                                                                                                   | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: TO DELEGATE TO THEBOARD OF DIRECTORS TO TURN TOTHE SWEDISH GOVERNMENT, AND DRAW THE GOVERNMENT'SATTENTION TO THE DESIRABILITY OFCHANGING THE LAW IN THIS AREA ANDABOLISH THE POSSIBILITY TO HAVEDIFFERENTIATED VOTING POWERS INSWEDISH LIMITED LIABILITYCOMPANIES | Management | Against | For |
| 22.K                                                                                                                                                                   | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON THAT THEANNUAL GENERAL MEETINGRESOLVES: DELEGATE TO THE BOARDOF DIRECTORS TO TURN TO THESWEDISH GOVERNMENT AND POINTOUT THE NEED OF A COMPREHENSIVE,NATIONAL REGULATION IN THE AREAMENTIONED IN ITEM 23 BELOW, THATIS INTRODUCTION OF A SO CALLEDQUARANTINE FOR POLITICIANS | Management | Against | For |
| 23                                                                                                                                                                     | PROPOSAL FROM THE SHAREHOLDERTHORWALD ARVIDSSON TO AMENDTHE ARTICLES OF ASSOCIATION:ARTICLE 6 | Management | Against | For |
|                                                                                                                                                                   |
| CCR SA, SAO PAULO                                                                                                                                                      |
| Security                                                                                                                                                               | P1413U105 | Meeting Type | ExtraOrdinary General Meeting |
| Ticker Symbol                                                                                                                                                          | CCRO3 BZ | Meeting Date | 15-Apr-2016 |
| ISIN                                                                                                                                                                   | BRCCROACNOR2 | Agenda | 706781956 – Management |
|                                                                                                                                                                   |
| Item                                                                                                                                                                   | Proposal | Proposedby | Vote | ManagementRecommendation |
| I                                                                                                                                                                      | TO VOTE REGARDING THEAMENDMENT OF THE CORPORATEBYLAWS OF THE COMPANY, ASFOLLOWS A. PARAGRAPH 3 OFARTICLE 13 OF THE CORPORATEBYLAWS, TO PROVIDE FOR A NEWRULE FOR REPRESENTATION OFMEMBERS WHO MAY BE ABSENT FROMTHE MEETINGS OF THE BOARD OFDIRECTORS OF THE COMPANY, B.ARTICLE 14 OF THE CORPORATEBYLAWS AND THE INCLUSION OF ANEW PARAGRAPH, TO RESOLVEREGARDING THE AMENDMENT ANDINCLUSION OF MATTERS THAT AREWITHIN THE JURISDICTION OF THEBOARD OF DIRECTORS OF THECOMPANY, AND C. A SOLE PARAGRAPHIN ARTICLE 22 AND A PARAGRAPH 2 INARTICLE 23 OF THE CORPORATEBYLAWS OF THE COMPANY, TOPROVIDE FOR THE POSSIBILITY OFPREPARING INTERIM BALANCE SHEETSDURING THE COURSE OF THE FISCALYEAR, INSTEAD OF MERELY EVERY SIXMONTHS, AS IS CURRENTLY PROVIDEDFOR, AND TO DISTRIBUTE INTERIMDIVIDENDS ON THE BASIS OF THEMENTIONED BALANCE SHEETS | Management | For | For |
| II                                                                                                                                                                     | TO VOTE REGARDING THEAMENDMENT AND RESTATEMENT OFTHE CORPORATE BYLAWS OF THECOMPANY, IN THE EVENT THAT THEPROPOSALS FOR THE AMENDMENT OFARTICLES 13, 14, 22 AND OR 23 OF THECORPORATE BYLAWS OF THECOMPANY ARE APPROVED, ASDESCRIBED IN ITEM I A, B AND CABOVE | Management | For | For |
|                                                                                                                                                                   |
| CCR SA, SAO PAULO                                                                                                                                                      |
| Security                                                                                                                                                               | P1413U105 | Meeting Type | Annual General Meeting |
| Ticker Symbol                                                                                                                                                          | CCRO3 BZ | Meeting Date | 15-Apr-2016 |
| ISIN                                                                                                                                                                   | BRCCROACNOR2 | Agenda | 706864130 – Management |
|                                                                                                                                                                   |
| Item                                                                                                                                                                   | Proposal | Proposedby | Vote | ManagementRecommendation |
| 1                                                                                                                                                                      | TO TAKE KNOWLEDGE OF THEDIRECTORS ACCOUNTS, TO EXAMINE,DISCUSS AND VOTE ON THEADMINISTRATIONS REPORT, FINANCIALSTATEMENTS AND EXPLANATORYNOTES ACCOMPANIED BY THEINDEPENDENT AUDITORS REPORT FORTHE FISCAL YEAR ENDED ONDECEMBER 31, 2015 | Management | For | For |
| 2                                                                                                                                                                      | TO DECIDE AND APPROVE ON THEREVISION OF THE CAPITAL BUDGETFOR THE 2016 FISCAL YEAR | Management | For | For |
| 3                                                                                                                                                                      | TO DECIDE ON THE ALLOCATION OFTHE RESULT OF THE FISCAL YEARENDED ON DECEMBER 31, 2015 | Management | For | For |
| CMMT                                                                                                                                                                   | THE BOARD / ISSUER HAS NOTRELEASED A STATEMENT ONWHETHER THEY RECOMMEND TO-VOTE IN FAVOUR OR AGAINST THESLATE UNDER RESOLUTIONS 4 TO 7 | Non-Voting |  |
| 4                                                                                                                                                                      | ELECTION OF MEMBERS OF THEBOARD OF DIRECTORS OF THECOMPANY. CANDIDATES APPOINTEDBY CONTROLLER SHAREHOLDER.NOTE: SLATE. MEMBERS. FULL.RICARDO COUTINHO DE SENA,CHAIRMAN, FRANCISCO CAPRINONETO, VICE CHAIRMAN, ANA MARIAMARCONDES PENIDO SANT ANNA,PAULO MARCIO DE OLIVEIRAMONTEIRO, PAULO ROBERTORECKZIEGEL GUEDES, JOSEFLORENCIO RODRIGUES NETO,MURILO CESAR LEMOS DOS SANTOSPASSOS, HENRIQUE SUTTON DESOUSA NEVES, ANA DOLORES MOURACARNEIRO NOVAES, LUIZ ALBERTOCOLONNA ROSMAN AND LUIZ CARLOSVIEIRA DA SILVA. ALTERNATES. ROSAEVANGELINA PENIDO DALLA VECCHIA,JOSE HENRIQUE BRAGA POLIDOLOPES, MARINA ROSENTHAL ROCHA,TARCISIO AUGUSTO CARNEIRO,ROBERTO NAVARRO EVANGELISTA,LIVIO HAGIME KUZE, FERNANDO LUIZAGUIAR FILHO, EDUARDA PENIDODALLA VECCHIA AND EDUARDOPENIDO SANT ANNA | Management | For | For |
| 5                                                                                                                                                                      | ELECTION OF MEMBERS OF THEBOARD OF DIRECTORS OF THECOMPANY. CANDIDATES APPOINTEDBY MINORITY SHAREHOLDERS | Management | For | For |
| 6                                                                                                                                                                      | ELECTION OF MEMBERS OF THEFISCAL COUNCIL OF THE COMPANY.CANDIDATES APPOINTED BYCONTROLLER SHAREHOLDER. NOTE:SLATE. MEMBERS. FULL. ADALGISOFRAGOSO FARIA, NEWTON BRANDAOFERRAZ RAMOS AND JOSE VALDIRPESCE. ALTERNATES. MARCELO DEANDRADE, JOSE AUGUSTO GOMESCAMPOS AND EDMAR BRIGUELLI | Management | For | For |
| 7                                                                                                                                                                      | ELECTION OF MEMBERS OF THEFISCAL COUNCIL OF THE COMPANY.CANDIDATES APPOINTED BY MINORITYSHAREHOLDERS | Management | For | For |
| 8                                                                                                                                                                      | TO SET THE GLOBAL REMUNERATIONOF THE COMPANY DIRECTORS FORTHE 2016 FISCAL YEAR | Management | For | For |
|                                                                                                                                                                   |

 

| Saturna Investment Trust, Saturna Sustainable Equity Fund (SEEFX)**Proxy Voting Record relating to shareholder meetings held from July 1, 2015 through June 30, 2016** |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| LENOVO GROUP LTD, HONG KONG                                                                                                                                            |
| Security                                                                                                                                                               | Y5257Y107 | Meeting Type | Annual General Meeting |
| Ticker Symbol                                                                                                                                                          | 992 HK | Meeting Date | 02-Jul-2015 |
| ISIN                                                                                                                                                                   | HK0992009065 | Agenda | 706215440 – Management |
|                                                                                                                                                                   |
| Item                                                                                                                                                                   | Proposal | Proposedby | Vote | ManagementRecommendation |
| 1                                                                                                                                                                      | TO RECEIVE AND CONSIDER THEAUDITED ACCOUNTS FOR THE YEARENDED MARCH 31, 2015 TOGETHERWITH THE REPORTS OF THEDIRECTORS AND AUDITOR THEREON | Management | For |  | For |  |
| 2                                                                                                                                                                      | TO DECLARE A FINAL DIVIDEND FORTHE ISSUED SHARES FOR THE YEARENDED MARCH 31, 2015 | Management | For |  | For |  |
| 3.a                                                                                                                                                                    | TO RE-ELECT MR. YANG CHIH-YUANJERRY AS DIRECTOR | Management | For |  | For |  |
| 3.b                                                                                                                                                                    | TO RE-ELECT MR. YANG YUANQING ASDIRECTOR | Management | For |  | For |  |
| 3.c                                                                                                                                                                    | TO RE-ELECT MR. ZHAO JOHN HUAN ASDIRECTOR | Management | For |  | For |  |
| 3.d                                                                                                                                                                    | TO RE-ELECT MR. NICHOLAS C. ALLENAS DIRECTOR | Management | For |  | For |  |
| 3.e                                                                                                                                                                    | TO RESOLVE NOT TO FILL UP THEVACATED OFFICE RESULTED FROMTHE RETIREMENT OF MR. TING LEESEN AS DIRECTOR | Management | For |  | For |  |
| 3.f                                                                                                                                                                    | TO AUTHORIZE THE BOARD OFDIRECTORS TO FIX DIRECTORS' FEES | Management | For |  | For |  |
| 4                                                                                                                                                                      | TO RE-APPOINTPRICEWATERHOUSECOOPERS ASAUDITOR AND AUTHORIZE THE BOARDOF DIRECTORS TO FIX AUDITOR'SREMUNERATION | Management | For |  | For |  |
| 5                                                                                                                                                                      | TO GRANT A GENERAL MANDATE TOTHE DIRECTORS TO ALLOT, ISSUE ANDDEAL WITH ADDITIONAL SHARES NOTEXCEEDING 20% OF THE AGGREGATENUMBER OF SHARES IN ISSUE OF THECOMPANY | Management | For |  | For |  |
| 6                                                                                                                                                                      | TO GRANT A GENERAL MANDATE TOTHE DIRECTORS TO BUY BACKSHARES NOT EXCEEDING 10% OF THEAGGREGATE NUMBER OF SHARES INISSUE OF THE COMPANY | Management | For |  | For |  |
| 7                                                                                                                                                                      | TO EXTEND THE GENERAL MANDATETO THE DIRECTORS TO ISSUE NEWSHARES OF THE COMPANY BY ADDINGTHE NUMBER OF THE SHARES BOUGHTBACK | Management | For |  | For |  |
|                                                                                                                                                                   |
| RAMSAY HEALTH CARE LTD, SYDNEY NSW                                                                                                                                     |
| Security                                                                                                                                                               | Q7982Y104 | Meeting Type | Annual General Meeting |
| Ticker Symbol                                                                                                                                                          | RHC AU | Meeting Date | 12-Nov-2015 |
| ISIN                                                                                                                                                                   | AU000000RHC8 | Agenda | 706473547 – Management |
|                                                                                                                                                                   |
| Item                                                                                                                                                                   | Proposal | Proposedby | Vote | ManagementRecommendation |
| 2                                                                                                                                                                      | TO ADOPT THE REMUNERATION REPORT | Management | For |  | For |  |
| 3.1                                                                                                                                                                    | TO RE-ELECT MICHAEL STANLEY SIDDLE AS A NON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 3.2                                                                                                                                                                    | TO RE-ELECT PETER JOHN EVANS AS ANON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 3.3                                                                                                                                                                    | TO ELECT PATRICIA ELIZABETHAKOPIANTZ AS A NON-EXECUTIVEDIRECTOR | Management | For |  | For |  |
| 3.4                                                                                                                                                                    | TO ELECT MARGARET LEONE SEALEAS A NON-EXECUTIVE DIRECTOR | Management | For |  | For |  |
| 4                                                                                                                                                                      | TO APPROVE THE INCREASE IN THEMAXIMUM AGGREGATE ANNUALREMUNERATION OF THE NON-EXECUTIVE DIRECTORS | Management | For |  | For |  |
| 5                                                                                                                                                                      | TO APPROVE THE NON-EXECUTIVEDIRECTOR SHARE RIGHTS PLAN ANDTHE GRANT OF SHARE RIGHTS TONON-EXECUTIVE DIRECTORS | Management | For |  | For |  |
| 6.1                                                                                                                                                                    | TO APPROVE THE GRANT OFPERFORMANCE RIGHTS TO EXECUTIVEDIRECTOR-CHRISTOPHER PAUL REX | Management | For |  | For |  |
| 6.2                                                                                                                                                                    | TO APPROVE THE GRANT OFPERFORMANCE RIGHTS TO EXECUTIVEDIRECTOR-BRUCE ROGER SODEN | Management | For |  | For |  |
|                                                                                                                                                                   |
| SAMSONITE INTERNATIONAL S.A, LUXEMBOURG                                                                                                                                |
| Security                                                                                                                                                               | L80308106 | Meeting Type | ExtraOrdinary General Meeting |
| Ticker Symbol                                                                                                                                                          | 1910 HK | Meeting Date | 03-Mar-2016 |
| ISIN                                                                                                                                                                   | LU0633102719 | Agenda | 706660746 – Management |
|                                                                                                                                                                   |
| Item                                                                                                                                                                   | Proposal | Proposedby | Vote | ManagementRecommendation |
| 1                                                                                                                                                                      | TO (A) REDUCE THE AUTHORISED SHARE CAPITAL OF THE COMPANY FROM ONE BILLION TWELVE MILLIONEIGHT HUNDRED THOUSAND THREE HUNDRED SIXTY NINE UNITED STATES DOLLARS NINETY-NINE CENTS (USD 1,012,800,369.99), REPRESENTING ONE HUNDRED AND ONE BILLION TWO HUNDRED EIGHTY MILLION THIRTY-SIX THOUSAND NINE HUNDRED NINETY-NINE (101,280,036,999) SHARES (INCLUDING THE SUBSCRIBED SHARE CAPITAL), TO THIRTY-FIVE MILLION UNITED STATES DOLLARS (USD 35,000,000.-), REPRESENTING THREE BILLION FIVE HUNDRED MILLION (3,500,000,000) SHARES (INCLUDING THE SUBSCRIBED SHARE CAPITAL), (B) RENEW THE AUTHORISATION GRANTED TO THE BOARD OF DIRECTORS OF THE COMPANY UNTIL MAY 11, 2016, FOR AN ADDITIONAL PERIOD OF FIVE YEARS, TO ISSUE COMPANY'S SHARES, TO GRANT OPTIONS TO SUBSCRIBE FOR COMPANY'S SHARES AND TO ISSUEANY OTHER SECURITIES OR INSTRUMENTS CONVERTIBLE INTO COMPANY'S SHARES, WITHIN THELIMITS OF THE AUTHORISED SHARE CAPITAL OF THE COMPANY | Management | For |  | For |  |
|                                                                                                                                                                   |
| PANDORA A/S, GLOSTRUP                                                                                                                                                  |
| Security                                                                                                                                                               | K7681L102 | Meeting Type | Annual General Meeting |
| Ticker Symbol                                                                                                                                                          | PNDORA DC | Meeting Date | 16-Mar-2016 |
| ISIN                                                                                                                                                                   | DK0060252690 | Agenda | 706684734 – Management |
|                                                                                                                                                                   |
| Item                                                                                                                                                                   | Proposal | Proposedby | Vote | ManagementRecommendation |
| 2                                                                                                                                                                      | ADOPTION OF THE ANNUAL REPORT2015 | Management | For |  | For |  |
| 3.1                                                                                                                                                                    | APPROVAL OF REMUNERATION FOR2015 OF BOARD OF DIRECTORS | Management | For |  | For |  |
| 3.2                                                                                                                                                                    | APPROVAL OF REMUNERATION LEVELFOR 2016 OF BOARD OF DIRECTORS | Management | For |  | For |  |
| 4                                                                                                                                                                      | RESOLUTION PROPOSED ON THEDISTRIBUTION OF PROFIT ASRECORDED IN THE ADOPTED ANNUALREPORT, INCLUDING THE PROPOSEDAMOUNT OF ANY DIVIDEND TO BEDISTRIBUTED OR PROPOSAL TOCOVER ANY LOSS: DKK 13 PER SHARE | Management | For |  | For |  |
| 5                                                                                                                                                                      | RESOLUTION ON THE DISCHARGEFROM LIABILITY OF THE BOARD OFDIRECTORS AND THE EXECUTIVEMANAGEMENT | Management | For |  | For |  |
| 6.1                                                                                                                                                                    | ANY PROPOSAL BY THESHAREHOLDERS AND OR BOARD OFDIRECTORS. THE BOARD OFDIRECTORS HAS SUBMITTED THEFOLLOWING PROPOSAL: REDUCTIONOF THE COMPANY'S SHARE CAPITAL | Management | For |  | For |  |
| 6.2                                                                                                                                                                    | ANY PROPOSAL BY THESHAREHOLDERS AND OR BOARD OFDIRECTORS. THE BOARD OFDIRECTORS HAS SUBMITTED THEFOLLOWING PROPOSAL: AUTHORITYTO THE BOARD OF DIRECTORS TO LETTHE COMPANY BUY BACK TREASURYSHARES | Management | For |  | For |  |
| 6.3                                                                                                                                                                    | ANY PROPOSAL BY THESHAREHOLDERS AND OR BOARD OFDIRECTORS. THE BOARD OFDIRECTORS HAS SUBMITTED THEFOLLOWING PROPOSAL: AMENDMENTSTO ARTICLE 5.1 OF THE COMPANY'SARTICLES OF ASSOCIATION | Management | For |  | For |  |
| 6.4                                                                                                                                                                    | ANY PROPOSAL BY THESHAREHOLDERS AND OR BOARD OFDIRECTORS. THE BOARD OFDIRECTORS HAS SUBMITTED THEFOLLOWING PROPOSAL: AMENDMENTTO ARTICLE 6.8 OF THE COMPANY'SARTICLES OF ASSOCIATION | Management | For |  | For |  |
| 6.5                                                                                                                                                                    | ANY PROPOSAL BY THESHAREHOLDERS AND OR BOARD OFDIRECTORS. THE BOARD OFDIRECTORS HAS SUBMITTED THEFOLLOWING PROPOSAL: AUTHORITYTO THE CHAIRMAN OF THE ANNUALGENERAL MEETING | Management | For |  | For |  |
| 7.a                                                                                                                                                                    | ELECTION OF MEMBER TO THE BOARDOF DIRECTORS: PEDER TUBORGH | Management | For |  | For |  |
| 7.b                                                                                                                                                                    | ELECTION OF MEMBER TO THE BOARDOF DIRECTORS: CHRISTIAN FRIGAST | Management | For |  | For |  |
| 7.c                                                                                                                                                                    | ELECTION OF MEMBER TO THE BOARDOF DIRECTORS: ALLAN LESLIELEIGHTON | Management | For |  | For |  |
| 7.d                                                                                                                                                                    | ELECTION OF MEMBER TO THE BOARDOF DIRECTORS: ANDREA DAWN ALVEY | Management | For |  | For |  |
| 7.e                                                                                                                                                                    | ELECTION OF MEMBER TO THE BOARDOF DIRECTORS: RONICA WANG | Management | For |  | For |  |
| 7.f                                                                                                                                                                    | ELECTION OF MEMBER TO THE BOARDOF DIRECTORS: ANDERS BOYERSOGAARD | Management | For |  | For |  |
| 7.g                                                                                                                                                                    | ELECTION OF MEMBER TO THE BOARDOF DIRECTORS: BJORN GULDEN | Management | For |  | For |  |
| 7.h                                                                                                                                                                    | ELECTION OF MEMBER TO THE BOARDOF DIRECTORS: PER BANK | Management | For |  | For |  |
| 7.i                                                                                                                                                                    | ELECTION OF MEMBER TO THE BOARDOF DIRECTORS: MICHAEL HAUGESORENSEN | Management | For |  | For |  |
| 7.j                                                                                                                                                                    | ELECTION OF MEMBER TO THE BOARDOF DIRECTORS: BIRGITTA STYMNEGORANSSON | Management | For |  | For |  |
| 8.a                                                                                                                                                                    | THE BOARD OF DIRECTORSPROPOSES RE-ELECTION OF ERNSTAND YOUNG PS AS THE COMPANY'SAUDITOR | Management | For |  | For |  |
| 9                                                                                                                                                                      | ANY OTHER BUSINESS | Non-Voting |  |  |  |  |
| CMMT                                                                                                                                                                   | 19 FEB 2016: PLEASE NOTE THAT THISIS A REVISION DUE TO MODIFICATIONOF THE-TEXT OF RESOLUTIONS. IFYOU HAVE ALREADY SENT IN YOURVOTES, PLEASE DO NOT-VOTE AGAINUNLESS YOU DECIDE TO AMEND YOURORIGINAL INSTRUCTIONS. THANK YOU. | Non-Voting |  |  |   |  |
|                                                                                                                                                                   |
| AIA GROUP LTD, HONG KONG                                                                                                                                               |
| Security                                                                                                                                                               | Y002A1105 | Meeting Type | Annual General Meeting |
| Ticker Symbol                                                                                                                                                          | 1299 HK | Meeting Date | 06-May-2016 |
| ISIN                                                                                                                                                                   | HK0000069689 | Agenda | 706814060 – Management |
|                                                                                                                                                                   |
| Item                                                                                                                                                                   | Proposal | Proposedby | Vote | ManagementRecommendation |
| 1                                                                                                                                                                      | TO RECEIVE THE AUDITEDCONSOLIDATED FINANCIALSTATEMENTS OF THE COMPANY, THEREPORT OF THE DIRECTORS AND THEINDEPENDENT AUDITOR'S REPORTFOR THE YEAR ENDED 30 NOVEMBER2015 | Management | For |  | For |  |
| 2                                                                                                                                                                      | TO DECLARE A FINAL DIVIDEND OF51.00 HONG KONG CENTS PER SHAREFOR THE YEAR ENDED 30 NOVEMBER2015 | Management | For |  | For |  |
| 3                                                                                                                                                                      | TO RE-ELECT MS. SWEE-LIAN TEO ASINDEPENDENT NON-EXECUTIVEDIRECTOR OF THE COMPANY | Management | For |  | For |  |
| 4                                                                                                                                                                      | TO RE-ELECT DR. NARONGCHAIAKRASANEE AS INDEPENDENT NON-EXECUTIVE DIRECTOR OF THECOMPANY | Management | For |  | For |  |
| 5                                                                                                                                                                      | TO RE-ELECT MR. GEORGE YONG-BOON YEO AS INDEPENDENT NON-EXECUTIVE DIRECTOR OF THECOMPANY | Management | For |  | For |  |
| 6                                                                                                                                                                      | TO RE-ELECT MR. MARK EDWARDTUCKER AS EXECUTIVE DIRECTOR OFTHE COMPANY | Management | For |  | For |  |
| 7                                                                                                                                                                      | TO RE-APPOINTPRICEWATERHOUSECOOPERS ASAUDITOR OF THE COMPANY FOR THETERM FROM PASSING OF THISRESOLUTION UNTIL THE CONCLUSIONOF THE NEXT ANNUAL GENERALMEETING AND TO AUTHORISE THEBOARD OF DIRECTORS OF THECOMPANY TO FIX ITS REMUNERATION | Management | For |  | For |  |
| 8.A                                                                                                                                                                    | TO GRANT A GENERAL MANDATE TOTHE DIRECTORS TO ALLOT, ISSUE,GRANT AND DEAL WITH ADDITIONALSHARES OF THE COMPANY, NOTEXCEEDING 10 PER CENT OF THEAGGREGATE NUMBER OF SHARES INTHE COMPANY IN ISSUE AT THE DATEOF THIS RESOLUTION, AND THEDISCOUNT FOR ANY SHARES TO BEISSUED SHALL NOT EXCEED 10 PERCENT TO THE BENCHMARKED PRICE | Management | For |  | For |  |
| 8.B                                                                                                                                                                    | TO GRANT A GENERAL MANDATE TOTHE DIRECTORS TO REPURCHASESHARES OF THE COMPANY, NOTEXCEEDING 10 PER CENT OF THEAGGREGATE NUMBER OF SHARES INTHE COMPANY IN ISSUE AT THE DATEOF THIS RESOLUTION | Management | For |  | For |  |
| 8.C                                                                                                                                                                    | TO GRANT A GENERAL MANDATE TOTHE DIRECTORS TO ALLOT, ISSUE ANDDEAL WITH ADDITIONAL SHARES OFTHE COMPANY UNDER THERESTRICTED SHARE UNIT SCHEMEADOPTED BY THE COMPANY ON 28SEPTEMBER 2010 (AS AMENDED) | Management | For |  | For |  |
| CMMT                                                                                                                                                                   | PLEASE NOTE THAT THE COMPANYNOTICE AND PROXY FORM AREAVAILABLE BY CLICKING-ON THE URLLINKS:-[http://www.hkexnews.hk/listedco/listconews/SEHK/2016/0323/LTN20160323479.pdf-AND-http://www.hkexnews.hk/listedco/listconews/SEHK/2016/0323/LTN20160323471.pdf] | Non-Voting |  |  |   |  |
|                                                                                                                                                                   |
| BAYERISCHE MOTOREN WERKE AG, MUENCHEN                                                                                                                                  |
| Security                                                                                                                                                               | D12096109 | Meeting Type | Annual General Meeting |
| Ticker Symbol                                                                                                                                                          | BMW GR | Meeting Date | 12-May-2016 |
| ISIN                                                                                                                                                                   | DE0005190003 | Agenda | 706822485 – Management |
|                                                                                                                                                                   |
| Item                                                                                                                                                                   | Proposal | Proposedby | Vote | ManagementRecommendation |
| 2.                                                                                                                                                                     | APPROVE ALLOCATION OF INCOMEAND DIVIDENDS OF EUR 3.22 PERPREFERRED SHARE AND 3.20 PERORDINARY SHARE | Management | For |  | For |  |
| 3.                                                                                                                                                                     | APPROVE DISCHARGE OFMANAGEMENT BOARD FOR FISCAL2015 | Management | For |  | For |  |
| 4.                                                                                                                                                                     | APPROVE DISCHARGE OFSUPERVISORY BOARD FOR FISCAL2015 | Management | For |  | For |  |
| 5.                                                                                                                                                                     | RATIFY KPMG AG AS AUDITORS FORFISCAL 2016 | Management | For |  | For |  |
| 6.                                                                                                                                                                     | ELECT SIMONE MENNE TO THESUPERVISORY BOARD | Management | For |  | For |  |
| 7.                                                                                                                                                                     | AMEND CORPORATE PURPOSE | Management | For |  | For |  |
|                                                                                                                                                                   |
| MURATA MANUFACTURING CO.,LTD.                                                                                                                                          |
| Security                                                                                                                                                               | J46840104 | Meeting Type | Annual General Meeting |
| Ticker Symbol                                                                                                                                                          | 6981 JP | Meeting Date | 29-Jun-2016 |
| ISIN                                                                                                                                                                   | JP3914400001 | Agenda | 707130922 – Management |
|                                                                                                                                                                   |
| Item                                                                                                                                                                   | Proposal | Proposedby | Vote | ManagementRecommendation |
| 1                                                                                                                                                                      | Approve Appropriation of Surplus | Management | For |  | For |  |
| 2                                                                                                                                                                      | Amend Articles to: Expand Business Lines,Transition to a Company with SupervisoryCommittee, Increase the Board of DirectorsSize to 20, Adopt Reduction of LiabilitySystem for Non Executive Directors | Management | For |  | For |  |
| 3.1                                                                                                                                                                    | Appoint a Director except as SupervisoryCommittee Members Murata, Tsuneo | Management | For |  | For |  |
| 3.2                                                                                                                                                                    | Appoint a Director except as SupervisoryCommittee Members Fujita, Yoshitaka | Management | For |  | For |  |
| 3.3                                                                                                                                                                    | Appoint a Director except as SupervisoryCommittee Members Inoue, Toru | Management | For |  | For |  |
| 3.4                                                                                                                                                                    | Appoint a Director except as SupervisoryCommittee Members Nakajima, Norio | Management | For |  | For |  |
| 3.5                                                                                                                                                                    | Appoint a Director except as SupervisoryCommittee Members Iwatsubo, Hiroshi | Management | For |  | For |  |
| 3.6                                                                                                                                                                    | Appoint a Director except as SupervisoryCommittee Members Takemura, Yoshito | Management | For |  | For |  |
| 3.7                                                                                                                                                                    | Appoint a Director except as SupervisoryCommittee Members Ishino, Satoshi | Management | For |  | For |  |
| 3.8                                                                                                                                                                    | Appoint a Director except as SupervisoryCommittee Members Shigematsu, Takashi | Management | For |  | For |  |
| 4.1                                                                                                                                                                    | Appoint a Director as SupervisoryCommittee Members Tanaka, Junichi | Management | For |  | For |  |
| 4.2                                                                                                                                                                    | Appoint a Director as SupervisoryCommittee Members Yoshihara, Hiroaki | Management | For |  | For |  |
| 4.3                                                                                                                                                                    | Appoint a Director as SupervisoryCommittee Members Toyoda, Masakazu | Management | For |  | For |  |
| 4.4                                                                                                                                                                    | Appoint a Director as SupervisoryCommittee Members Ueno, Hiroshi | Management | For |  | For |  |
| 5                                                                                                                                                                      | Amend the Compensation to be received byDirectors except as Supervisory CommitteeMembers | Management | For |  | For |  |
| 6                                                                                                                                                                      | Amend the Compensation to be received byDirectors as Supervisory CommitteeMembers | Management | For |  | For |  |
|                                                                                                                                                                   |

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**SIGNATURES**

Pursuant to the requirements of the Investment  Company Act of 1940, the registrant has duly caused this report to be signed  on its behalf by the undersigned, thereunto duly authorized.

SATURNA INVESTMENT TRUST

 

By */s/ Nicholas Kaiser*

Nicholas Kaiser, President

Date: August 31, 2016