# EDGAR Filing Document

**Accession Number:** 0001423065
**File Stem:** 0001423065-25-000010
**Filing Date:** 2025-8
**Character Count:** 101360
**Document Hash:** b22b6118aa72c0ab75d0804b163c4474
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001423065-25-000010.hdr.sgml**: 20250811

**ACCESSION NUMBER**: 0001423065-25-000010

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250811

**EFFECTIVENESS DATE**: 20250811

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ativo Capital Management LLC
- **CENTRAL INDEX KEY:** 0001423065

**ORGANIZATION NAME:**
- **EIN:** 383662028
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13337
- **FILM NUMBER:** 251200827

**BUSINESS ADDRESS:**
- **STREET 1:** 120 N LASALLE STREET
- **STREET 2:** SUITE 1160
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602
- **BUSINESS PHONE:** 312-263-7600

**MAIL ADDRESS:**
- **STREET 1:** 120 N LASALLE STREET
- **STREET 2:** SUITE 1160
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001423065

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Ativo Capital Management LLC

**Address:** 120 N. LaSalle Street, Chicago, IL 60602

**Telephone number:** 3122637600

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-13337

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 5493007ROE8YOPR8OG19

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                                     | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                                                                                    | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| 3I GROUP PLC                                       | G88473148 | 06/26/2025     | TO APPROVE THE DIRECTORS REMUNERATION REPORT                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |           9610 |                0 | FOR         |                                     9610 | FOR                         |  |
| ABB AG                                             | H0010V101 | 03/27/2025     | CONSULTATIVE VOTE ON THE COMPENSATION REPORT 2024                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |           3240 |                0 | FOR         |                                     3240 | FOR                         |  |
| ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA    | E7813W163 | 05/08/2025     | DIRECTORS' REMUNERATION: ADVISORY VOTE ON THE 2024 ANNUAL DIRECTORS' REMUNERATION REPORT                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           8220 |                0 | AGAINST     |                                     8220 | AGAINST                     |  |
| AGEAS NV                                           | B0148L138 | 05/21/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           8530 |                0 | FOR         |                                     8530 | FOR                         |  |
| AGNICO EAGLE MINES LTD                             | 008474108 | 04/25/2025     | CONSIDERATION OF AND, IF DEEMED ADVISABLE, THE PASSING OF A NON-BINDING, ADVISORY RESOLUTION ACCEPTING THE COMPANY 'S APPROACH TO EXECUTIVE COMPENSATION                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           5040 |                0 | FOR         |                                     5040 | FOR                         |  |
| ALIMENTATION COUCHE-TARD INC                       | 01626P148 | 09/05/2024     | ON AN ADVISORY BASIS AND NOT TO DIMINISH THE ROLE AND RESPONSIBILITIES OF THE BOARD OF DIRECTORS THAT THE SHAREHOLDERS ACCEPT THE APPROACH TO EXECUTIVE COMPENSATION AS DISCLOSED IN OUR 2024 MANAGEMENT INFORMATION CIRCULAR                                       | SECTION 14A SAY-ON-PAY VOTES |           7800 |                0 | FOR         |                                     7800 | FOR                         |  |
| ALLIANZ SE                                         | D03080112 | 05/08/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           1285 |                0 | FOR         |                                     1285 | FOR                         |  |
| AMADEUS IT GROUP S.A                               | E04648114 | 06/03/2025     | DIRECTORS REMUNERATION REPORT 2024 FOR AN ADVISORY                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |           6450 |                0 | FOR         |                                     6450 | FOR                         |  |
| ANZ GROUP HOLDINGS LIMITED                         | Q0429F119 | 12/19/2024     | ADOPTION OF THE REMUNERATION REPORT                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          16066 |             8564 | AGAINST     |                                    16066 | AGAINST                     |  |
| ASSA ABLOY AB                                      | W0817X204 | 04/23/2025     | RESOLUTION ON APPROVAL OF REMUNERATION REPORT                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          16350 |                0 | AGAINST     |                                    16350 | AGAINST                     |  |
| AUTO TRADER GROUP PLC                              | G06708104 | 09/19/2024     | APPROVAL OF THE DIRECTORS REMUNERATION REPORT                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          48760 |                0 | FOR         |                                    48760 | FOR                         |  |
| AXA SA                                             | F06106102 | 04/24/2025     | APPROVAL OF THE COMPONENTS OF COMPENSATION PAID DURING, OR GRANTED IN RESPECT OF, THE FISCAL YEAR ENDED DECEMBER 31, 2024 TO ANTOINE GOSSET-GRAINVILLE, CHAIRMAN OF THE BOARD OF DIRECTORS                                                                          | SECTION 14A SAY-ON-PAY VOTES |          11950 |                0 | FOR         |                                    11950 | FOR                         |  |
| AXA SA                                             | F06106102 | 04/24/2025     | APPROVAL OF THE COMPONENTS OF COMPENSATION PAID DURING, OR GRANTED IN RESPECT OF, THE FISCAL YEAR ENDED DECEMBER 31, 2024 TO THOMAS BUBERL, CHIEF EXECUTIVE OFFICER                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          11950 |                0 | FOR         |                                    11950 | FOR                         |  |
| BANCA MEDIOLANUM S.P.A.                            | T1R88K108 | 04/16/2025     | APPROVAL OF THE REPORT ON REMUNERATION POLICIES - SECTION II, ALSO AS PER ART. 123-TER LEGISLATIVE DECREE NO. 58/1998                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          36450 |                0 | FOR         |                                    36450 | FOR                         |  |
| BANCO BILBAO VIZCAYA ARGENTARIA SA                 | E11805103 | 03/20/2025     | CONSULTATIVE VOTE ON THE ANNUAL REPORT ON THE REMUNERATION OF DIRECTORS OF BANCO BILBAO VIZCAYA ARGENTARIA, S.A. FOR THE FINANCIAL YEAR 2024                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          36800 |                0 | FOR         |                                    36800 | FOR                         |  |
| CAIRN HOMES PLC                                    | G1858L107 | 05/08/2025     | TO RECEIVE AND CONSIDER THE DIRECTORS REMUNERATION REPORT FOR THE YEAR ENDED 31 DECEMBER 2024                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         207220 |                0 | FOR         |                                   207220 | FOR                         |  |
| COLRUYT GROUP N.V.                                 | B26882231 | 09/25/2024     | REMUNERATION REPORT FOR THE FINANCIAL YEAR ENDING ON 31 MARCH 2024                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |           7900 |                0 | AGAINST     |                                     7900 | AGAINST                     |  |
| DEUTSCHE TELEKOM AG                                | D2035M136 | 04/09/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          14360 |                0 | FOR         |                                    14360 | FOR                         |  |
| DNB BANK ASA                                       | R1R15X100 | 04/29/2025     | APPROVE REMUNERATION STATEMENT (ADVISORY)                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          12940 |                0 | AGAINST     |                                    12940 | AGAINST                     |  |
| EIFFAGE SA                                         | F2924U106 | 04/23/2025     | APPROVAL OF FIXED, VARIABLE AND EXCEPTIONAL COMPONENTS OF TOTAL COMPENSATION AND BENEFITS OF ANY KIND GRANTED TO MR. BENOIT DE RUFFRAY, IN ACCORDANCE WITH THE COMPENSATION POLICY APPROVED BY EIFFAGES ANNUAL GENERAL MEETING OF 24 APRIL 2024                     | SECTION 14A SAY-ON-PAY VOTES |           4540 |                0 | FOR         |                                     4540 | FOR                         |  |
| ENGIE SA                                           | F7629A107 | 04/24/2025     | APPROVAL OF THE TOTAL COMPENSATION AND BENEFITS OF ANY KIND PAID DURING FISCAL YEAR 2024, OR AWARDED FOR SAID YEAR, TO JEAN-PIERRE CLAMADIEU, CHAIRMAN OF THE BOARD OF DIRECTORS                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          24170 |                0 | FOR         |                                    24170 | FOR                         |  |
| ENGIE SA                                           | F7629A107 | 04/24/2025     | APPROVAL OF THE TOTAL COMPENSATION AND BENEFITS OF ANY KIND PAID DURING FISCAL YEAR 2024, OR AWARDED FOR SAID YEAR, TO CATHERINE MACGREGOR, CHIEF EXECUTIVE OFFICER                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          24170 |                0 | FOR         |                                    24170 | FOR                         |  |
| EXPERIAN PLC                                       | G32655105 | 07/17/2024     | TO APPROVE THE REPORT ON DIRECTORS REMUNERATION (EXCLUDING THE DIRECTORS REMUNERATION POLICY SET OUT ON PAGES 156 TO 159 OF THE REPORT)                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          10520 |                0 | AGAINST     |                                    10520 | AGAINST                     |  |
| GEA GROUP AG                                       | D28304109 | 04/30/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           8350 |                0 | FOR         |                                     8350 | FOR                         |  |
| GILDAN ACTIVEWEAR INC                              | 375916103 | 04/30/2025     | APPROVING AN ADVISORY RESOLUTION ON THE CORPORATIONS APPROACH TO EXECUTIVE COMPENSATION                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           9820 |                0 | AGAINST     |                                     9820 | AGAINST                     |  |
| GREEK ORGANISATION OF FOOTBALL PROGNOSTICS SA OPAP | X3232T104 | 04/29/2025     | SUBMISSION FOR DISCUSSION AND VOTING OF THE REMUNERATION REPORT OF THE BOARD OF DIRECTORS FOR THE FINANCIAL YEAR 2024 (01/01/2024 - 31/12/2024)                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          22810 |                0 | FOR         |                                    22810 | FOR                         |  |
| INFORMA PLC                                        | G4770L106 | 06/19/2025     | TO APPROVE THE DIRECTORS' REMUNERATION REPORT                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          49100 |                0 | FOR         |                                    49100 | FOR                         |  |
| INTESA SANPAOLO SPA                                | T55067101 | 04/29/2025     | REMUNERATION: REPORT ON THE REMUNERATION POLICY AND COMPENSATION PAID: NON-BINDING RESOLUTION ON SECTION 2 - INFORMATION ON COMPENSATION PAID IN 2024                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         108250 |                0 | AGAINST     |                                   108250 | AGAINST                     |  |
| INVESTEC PLC                                       | G49188116 | 08/08/2024     | TO APPROVE THE DLC DIRECTORS' REMUNERATION REPORT FOR THE YEAR ENDED 31 MARCH 2024                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          46960 |                0 | FOR         |                                    46960 | FOR                         |  |
| INVESTOR AB                                        | W5R777123 | 05/07/2025     | PRESENTATION OF THE BOARD OF DIRECTORS' REMUNERATION REPORT FOR APPROVAL                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          15970 |                0 | AGAINST     |                                    15970 | AGAINST                     |  |
| ITALGAS S.P.A.                                     | T6R89Z103 | 05/13/2025     | REPORT ON THE REMUNERATION POLICY AND COMPENSATION PAID: RESOLUTIONS ON THE INR SECOND SECTION' OF THE REPORT, PURSUANT TO ART. 123-TER, PARAGRAPH 6, OF LEGISLATIVE DECREE NO. 58/1998                                                                             | SECTION 14A SAY-ON-PAY VOTES |          67059 |                0 | FOR         |                                    67059 | FOR                         |  |
| LLOYDS BANKING GROUP PLC                           | G5533W248 | 05/15/2025     | TO APPROVE THE DIRECTORS REMUNERATION REPORT                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         519450 |                0 | FOR         |                                   519450 | FOR                         |  |
| LUNDIN GOLD INC                                    | 550371108 | 05/09/2025     | SAY ON PAY ADVISORY VOTE ON THE COMPANY'S APPROACH TO EXECUTIVE COMPENSATION: TO AUTHORIZE AND APPROVE IN A NON-BINDING, ADVISORY MANNER THE SAY ON PAY RESOLUTION AS PRESENTED IN THE ACCOMPANYING MANAGEMENT INFORMATION CIRCULAR DATED MARCH 28, 2025            | SECTION 14A SAY-ON-PAY VOTES |          13350 |                0 | FOR         |                                    13350 | FOR                         |  |
| MAGYAR TELEKOM TELECOMMUNICATIONS PLC              | X5187V109 | 04/15/2025     | THE GENERAL MEETING APPROVES THE REMUNERATION REPORT OF THE COMPANY FOR THE 2024 BUSINESS YEAR. ADVISORY VOTE ON THE REMUNERATION REPORT                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          14903 |                0 | AGAINST     |                                    14903 | AGAINST                     |  |
| NASPERS LTD                                        | S53435111 | 08/22/2024     | TO ENDORSE THE IMPLEMENTATION REPORT OF THE REMUNERATION REPORT                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |           2160 |                0 | AGAINST     |                                     2160 | AGAINST                     |  |
| NATIONAL BANK OF CANADA                            | 633067103 | 04/24/2025     | ADVISORY RESOLUTION TO ACCEPT THE APPROACH TAKEN BY THE BANK'S BOARD OF DIRECTORS WITH RESPECT TO EXECUTIVE COMPENSATION                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           5700 |                0 | FOR         |                                     5700 | FOR                         |  |
| NEXT PLC                                           | G6500M106 | 05/15/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           2900 |                0 | AGAINST     |                                     2900 | AGAINST                     |  |
| NOKIA CORP                                         | X61873133 | 04/29/2025     | PRESENTATION AND ADOPTION OF THE REMUNERATION REPORT                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         101830 |                0 | FOR         |                                   101830 | FOR                         |  |
| NOVARTIS AG                                        | H5820Q150 | 03/07/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           4650 |                0 | FOR         |                                     4650 | FOR                         |  |
| ORKLA ASA                                          | R67787102 | 04/24/2025     | ADVISORY VOTE ON ORKLA'S EXECUTIVE REMUNERATION REPORT                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          44380 |                0 | FOR         |                                    44380 | FOR                         |  |
| PANDORA A/S                                        | K7681L102 | 03/12/2025     | PRESENTATION OF THE REMUNERATION REPORT 2024                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |           1080 |                0 | FOR         |                                     1080 | FOR                         |  |
| PEARSON PLC                                        | G69651100 | 05/02/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          27840 |                0 | FOR         |                                    27840 | FOR                         |  |
| PUBLICIS GROUPE SA                                 | F7607Z165 | 05/27/2025     | APPROVAL OF THE ELEMENTS MAKING UP THE TOTAL REMUNERATION AND BENEFITS OF ANY KIND PAID DURING THE FINANCIAL YEAR 2024 OR AWARDED IN RESPECT OF THE SAME FINANCIAL YEAR TO MR. MAURICE LEVY, CHAIRMAN OF THE SUPERVISORY BOARD UNTIL 29 MAY 2024                    | SECTION 14A SAY-ON-PAY VOTES |           3050 |                0 | AGAINST     |                                     3050 | AGAINST                     |  |
| PUBLICIS GROUPE SA                                 | F7607Z165 | 05/27/2025     | APPROVAL OF THE ELEMENTS MAKING UP THE TOTAL REMUNERATION AND BENEFITS OF ANY KIND PAID DURING THE FINANCIAL YEAR 2024 OR AWARDED IN RESPECT OF THE SAME FINANCIAL YEAR TO MR. ARTHUR SADOUN, CHAIRMAN OF THE MANAGEMENT BOARD UNTIL 29 MAY 2024                    | SECTION 14A SAY-ON-PAY VOTES |           3050 |                0 | AGAINST     |                                     3050 | AGAINST                     |  |
| PUBLICIS GROUPE SA                                 | F7607Z165 | 05/27/2025     | APPROVAL OF THE ELEMENTS MAKING UP THE TOTAL REMUNERATION AND BENEFITS OF ANY KIND PAID DURING THE FINANCIAL YEAR 2024 OR AWARDED IN RESPECT OF THE SAME FINANCIAL YEAR TO MRS. ANNE-GABRIELLE HEILBRONNER, MEMBER OF THE MANAGEMENT BOARD UNTIL 29 MAY 2024        | SECTION 14A SAY-ON-PAY VOTES |           3050 |                0 | FOR         |                                     3050 | FOR                         |  |
| PUBLICIS GROUPE SA                                 | F7607Z165 | 05/27/2025     | APPROVAL OF THE ELEMENTS MAKING UP THE TOTAL REMUNERATION AND BENEFITS OF ANY KIND PAID DURING THE FINANCIAL YEAR 2024 OR AWARDED IN RESPECT OF THE SAME FINANCIAL YEAR TO MR. LORIS NOLD, MEMBER OF THE MANAGEMENT BOARD FROM 08 FEBRUARY TO 29 MAY 2024           | SECTION 14A SAY-ON-PAY VOTES |           3050 |                0 | FOR         |                                     3050 | FOR                         |  |
| PUBLICIS GROUPE SA                                 | F7607Z165 | 05/27/2025     | APPROVAL OF THE ELEMENTS MAKING UP THE TOTAL REMUNERATION AND BENEFITS OF ANY KIND PAID DURING THE FINANCIAL YEAR 2024 OR AWARDED IN RESPECT OF THE SAME FINANCIAL YEAR TO MR. MICHEL-ALAIN PROCH, MEMBER OF THE MANAGEMENT BOARD UNTIL 08 FEBRUARY 2024            | SECTION 14A SAY-ON-PAY VOTES |           3050 |                0 | FOR         |                                     3050 | FOR                         |  |
| PUBLICIS GROUPE SA                                 | F7607Z165 | 05/27/2025     | APPROVAL OF THE ELEMENTS MAKING UP THE TOTAL REMUNERATION AND BENEFITS OF ANY KIND PAID DURING THE FINANCIAL YEAR 2024 OR AWARDED IN RESPECT OF THE SAME FINANCIAL YEAR TO MR. ARTHUR SADOUN, CHAIRMAN AND CHIEF EXECUTIVE OFFICER FROM 29 MAY 2024                 | SECTION 14A SAY-ON-PAY VOTES |           3050 |                0 | AGAINST     |                                     3050 | AGAINST                     |  |
| QBE INSURANCE GROUP LTD                            | Q78063114 | 05/09/2025     | TO ADOPT THE REMUNERATION REPORT                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          37000 |                0 | FOR         |                                    37000 | FOR                         |  |
| RELX PLC                                           | G7493L105 | 04/24/2025     | APPROVE THE DIRECTORS REMUNERATION REPORT                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          10596 |                0 | FOR         |                                    10596 | FOR                         |  |
| ROYAL BANK OF CANADA                               | 780087102 | 04/10/2025     | ADVISORY VOTE ON THE BANK'S APPROACH TO EXECUTIVE COMPENSATION                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           1986 |                0 | FOR         |                                     1986 | FOR                         |  |
| SKANDINAVISKA ENSKILDA BANKEN AB                   | W25381141 | 04/01/2025     | THE BOARD OF DIRECTORS' REMUNERATION REPORT FOR 2024                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          11821 |            17969 | AGAINST     |                                    11821 | AGAINST                     |  |
| SUN LIFE FINANCIAL INC                             | 866796105 | 05/08/2025     | NON-BINDING ADVISORY VOTE ON APPROACH TO EXECUTIVE COMPENSATION                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |           8550 |                0 | FOR         |                                     8550 | FOR                         |  |
| TESCO PLC                                          | G8T67X102 | 06/12/2025     | TO APPROVE THE DIRECTORS REMUNERATION REPORT                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         103910 |                0 | FOR         |                                   103910 | FOR                         |  |
| THE DESCARTES SYSTEMS GROUP INC                    | 249906108 | 06/12/2025     | APPROVAL OF THE SAY-ON-PAY RESOLUTION AS SET OUT UNDER THE HEADING "ADVISORY VOTE ON EXECUTIVE COMPENSATION (SAY-ON-PAY VOTE)" OF THE CORPORATION'S MANAGEMENT INFORMATION CIRCULAR DATED APRIL 30, 2025                                                            | SECTION 14A SAY-ON-PAY VOTES |           4480 |                0 | FOR         |                                     4480 | FOR                         |  |
| UNICREDIT SPA                                      | T9T23L642 | 03/27/2025     | APPROVE SECOND SECTION OF THE REMUNERATION REPORT                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |           8880 |                0 | AGAINST     |                                     8880 | AGAINST                     |  |
| UNILEVER PLC                                       | G92087165 | 04/30/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           5130 |                0 | FOR         |                                     5130 | FOR                         |  |
| VINCI SA                                           | F5879X108 | 04/17/2025     | APPROVE COMPENSATION OF XAVIER HUILLARD, CHAIRMAN AND CEO                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |           4030 |                0 | FOR         |                                     4030 | FOR                         |  |
| VOLVO AB                                           | 928856301 | 04/02/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           6351 |             9649 | AGAINST     |                                     6351 | AGAINST                     |  |
| WOLTERS KLUWER N.V.                                | N9643A197 | 05/15/2025     | 2024 ANNUAL REPORT : ADVISORY VOTE ON THE REMUNERATION REPORT AS INCLUDED IN THE 2024 ANNUAL REPORT                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |           3300 |                0 | FOR         |                                     3300 | FOR                         |  |
| YUM CHINA HOLDINGS, INC.                           | 98850P109 | 05/23/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          10470 |                0 | FOR         |                                    10470 | FOR                         |  |
| ZURICH INSURANCE GROUP AG                          | H9870Y105 | 04/09/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |            760 |                0 | FOR         |                                      760 | FOR                         |  |
| 3I GROUP PLC                                       | G88473148 | 06/26/2025     | TO APPROVE THE DIRECTORS REMUNERATION REPORT                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          15006 |                0 | FOR         |                                    15006 | FOR                         |  |
| ABB AG                                             | H0010V101 | 03/27/2025     | CONSULTATIVE VOTE ON THE COMPENSATION REPORT 2024                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          48970 |                0 | FOR         |                                    48970 | FOR                         |  |
| ABB LTD                                            | 000375204 | 03/27/2025     | Consultative vote on the Compensation Report 2024                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          12500 |                0 | FOR         |                                    12500 | FOR                         |  |
| ACCOR SA                                           | F00189120 | 05/28/2025     | APPROVAL OF THE FIXED, VARIABLE AND EXCEPTIONAL COMPONENTS OF THE TOTAL COMPENSATION AND ALL BENEFITS IN KIND PAID DURING THE FISCAL YEAR ENDED DECEMBER 31, 2024 OR GRANTED FOR THE SAME FISCAL YEAR, TO MR. SEBASTIEN BAZIN, CHAIRMAN AND CHIEF EXECUTIVE OFFICER | SECTION 14A SAY-ON-PAY VOTES |           5733 |                0 | FOR         |                                     5733 | FOR                         |  |
| ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA    | E7813W163 | 05/08/2025     | DIRECTORS' REMUNERATION: ADVISORY VOTE ON THE 2024 ANNUAL DIRECTORS' REMUNERATION REPORT                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          13350 |                0 | AGAINST     |                                    13350 | AGAINST                     |  |
| ADMIRAL GROUP PLC                                  | G0110T106 | 05/09/2025     | TO APPROVE THE DIRECTORS REMUNERATION REPORT FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |           7040 |                0 | FOR         |                                     7040 | FOR                         |  |
| AGEAS NV                                           | B0148L138 | 05/21/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          13110 |                0 | FOR         |                                    13110 | FOR                         |  |
| AGNICO EAGLE MINES LIMITED                         | 008474108 | 04/25/2025     | Consideration of and, if deemed advisable, the passing of a non-binding, advisory resolution accepting the Company's approach to executive compensation.                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           7630 |                0 | FOR         |                                     7630 | FOR                         |  |
| AGNICO EAGLE MINES LIMITED                         | 008474108 | 04/25/2025     | Consideration of and, if deemed advisable, the passing of a non-binding, advisory resolution accepting the Company's approach to executive compensation.                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          26220 |                0 | FOR         |                                    26220 | FOR                         |  |
| ALIMENTATION COUCHE-TARD INC                       | 01626P148 | 09/05/2024     | ON AN ADVISORY BASIS AND NOT TO DIMINISH THE ROLE AND RESPONSIBILITIES OF THE BOARD OF DIRECTORS THAT THE SHAREHOLDERS ACCEPT THE APPROACH TO EXECUTIVE COMPENSATION AS DISCLOSED IN OUR 2024 MANAGEMENT INFORMATION CIRCULAR                                       | SECTION 14A SAY-ON-PAY VOTES |          34860 |                0 | FOR         |                                    34860 | FOR                         |  |
| ALIMENTATION COUCHE-TARD INC.                      | 01626P148 | 09/05/2024     | On an advisory basis and not to diminish the role and responsibilities of the board of directors that the shareholders accept the approach to executive compensation as disclosed in our 2024 management information circular.                                      | SECTION 14A SAY-ON-PAY VOTES |          34860 |                0 | FOR         |                                    34860 | FOR                         |  |
| ALLIANZ SE                                         | D03080112 | 05/08/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           1980 |                0 | FOR         |                                     1980 | FOR                         |  |
| AMADEUS IT GROUP S.A                               | E04648114 | 06/03/2025     | DIRECTORS REMUNERATION REPORT 2024 FOR AN ADVISORY                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          10040 |                0 | FOR         |                                    10040 | FOR                         |  |
| ANZ GROUP HOLDINGS LIMITED                         | Q0429F119 | 12/19/2024     | ADOPTION OF THE REMUNERATION REPORT                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          80334 |            24376 | AGAINST     |                                    80334 | AGAINST                     |  |
| ASSA ABLOY AB                                      | W0817X204 | 04/23/2025     | RESOLUTION ON APPROVAL OF REMUNERATION REPORT                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          24470 |                0 | AGAINST     |                                    24470 | AGAINST                     |  |
| AUTO TRADER GROUP PLC                              | G06708104 | 09/19/2024     | APPROVAL OF THE DIRECTORS REMUNERATION REPORT                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         149920 |                0 | FOR         |                                   149920 | FOR                         |  |
| AXA                                                | 054536107 | 04/24/2025     | Approval of the components of compensation paid during, or granted in respect of, the fiscal year ended December 31, 2024 to Antoine Gosset-Grainville, Chairman of the Board of Directors                                                                          | SECTION 14A SAY-ON-PAY VOTES |          19000 |                0 | FOR         |                                    19000 | FOR                         |  |
| AXA                                                | 054536107 | 04/24/2025     | Approval of the components of compensation paid during, or granted in respect of, the fiscal year ended December 31, 2024 to Thomas Buberl, Chief Executive Officer                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          19000 |                0 | FOR         |                                    19000 | FOR                         |  |
| AXA SA                                             | F06106102 | 04/24/2025     | APPROVAL OF THE COMPONENTS OF COMPENSATION PAID DURING, OR GRANTED IN RESPECT OF, THE FISCAL YEAR ENDED DECEMBER 31, 2024 TO ANTOINE GOSSET-GRAINVILLE, CHAIRMAN OF THE BOARD OF DIRECTORS                                                                          | SECTION 14A SAY-ON-PAY VOTES |          18380 |                0 | FOR         |                                    18380 | FOR                         |  |
| AXA SA                                             | F06106102 | 04/24/2025     | APPROVAL OF THE COMPONENTS OF COMPENSATION PAID DURING, OR GRANTED IN RESPECT OF, THE FISCAL YEAR ENDED DECEMBER 31, 2024 TO THOMAS BUBERL, CHIEF EXECUTIVE OFFICER                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          18380 |                0 | FOR         |                                    18380 | FOR                         |  |
| BANCA MEDIOLANUM S.P.A.                            | T1R88K108 | 04/16/2025     | APPROVAL OF THE REPORT ON REMUNERATION POLICIES - SECTION II, ALSO AS PER ART. 123-TER LEGISLATIVE DECREE NO. 58/1998                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          32880 |                0 | FOR         |                                    32880 | FOR                         |  |
| BANCO BILBAO VIZCAYA ARGENTARIA S.A.               | 05946K101 | 03/21/2025     | Consultative vote on the Annual Report on the Remuneration of Directors of Banco Bilbao Vizcaya Argentaria, S.A. for the financial year 2024.                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          79590 |                0 | FOR         |                                    79590 | FOR                         |  |
| BANCO BILBAO VIZCAYA ARGENTARIA SA                 | E11805103 | 03/20/2025     | CONSULTATIVE VOTE ON THE ANNUAL REPORT ON THE REMUNERATION OF DIRECTORS OF BANCO BILBAO VIZCAYA ARGENTARIA, S.A. FOR THE FINANCIAL YEAR 2024                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         177650 |                0 | FOR         |                                   177650 | FOR                         |  |
| BETSSON AB                                         | W1556V193 | 05/08/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          18130 |                0 | FOR         |                                    18130 | FOR                         |  |
| BRITISH AMERICAN TOBACCO PLC                       | G1510J102 | 04/16/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           6930 |                0 | AGAINST     |                                     6930 | AGAINST                     |  |
| CAIRN HOMES PLC                                    | G1858L107 | 05/08/2025     | TO RECEIVE AND CONSIDER THE DIRECTORS REMUNERATION REPORT FOR THE YEAR ENDED 31 DECEMBER 2024                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         322110 |                0 | FOR         |                                   322110 | FOR                         |  |
| CANADIAN IMPERIAL BANK OF COMMERCE                 | 136069101 | 04/03/2025     | Advisory resolution regarding our executive compensation approach                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          31660 |                0 | FOR         |                                    31660 | FOR                         |  |
| CENTRICA PLC                                       | G2018Z143 | 05/08/2025     | TO APPROVE THE DIRECTOR'S REMUNERATION REPORT                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         151370 |                0 | FOR         |                                   151370 | FOR                         |  |
| COLRUYT GROUP N.V.                                 | B26882231 | 09/25/2024     | REMUNERATION REPORT FOR THE FINANCIAL YEAR ENDING ON 31 MARCH 2024                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          35990 |                0 | AGAINST     |                                    35990 | AGAINST                     |  |
| COMMONWEALTH BANK OF AUSTRALIA                     | Q26915100 | 10/16/2024     | ADOPTION OF THE 2024 REMUNERATION REPORT                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          22757 |             1213 | FOR         |                                    22757 | FOR                         |  |
| DEUTSCHE TELEKOM AG                                | D2035M136 | 04/09/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          20888 |                0 | FOR         |                                    20888 | FOR                         |  |
| DEUTSCHE TELEKOM AG                                | 251566105 | 04/09/2025     | Resolution on the approval of the remuneration report.                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          29260 |                0 | FOR         |                                    29260 | NONE                        |  |
| DNB BANK ASA                                       | R1R15X100 | 04/29/2025     | APPROVE REMUNERATION STATEMENT (ADVISORY)                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          30290 |                0 | AGAINST     |                                    30290 | AGAINST                     |  |
| DUNDEE PRECIOUS METALS INC.                        | 265269209 | 05/07/2025     | To consider, and if deemed appropriate, to pass a non-binding, advisory resolution accepting the Company's approach to executive compensation, as more particularly described in the accompanying management information circular.                                  | SECTION 14A SAY-ON-PAY VOTES |         200380 |                0 | FOR         |                                   200380 | FOR                         |  |
| EIFFAGE SA                                         | F2924U106 | 04/23/2025     | APPROVAL OF FIXED, VARIABLE AND EXCEPTIONAL COMPONENTS OF TOTAL COMPENSATION AND BENEFITS OF ANY KIND GRANTED TO MR. BENOIT DE RUFFRAY, IN ACCORDANCE WITH THE COMPENSATION POLICY APPROVED BY EIFFAGES ANNUAL GENERAL MEETING OF 24 APRIL 2024                     | SECTION 14A SAY-ON-PAY VOTES |           6610 |                0 | FOR         |                                     6610 | FOR                         |  |
| ENGIE                                              | 29286D105 | 04/24/2025     | Approval of the total compensation and benefits of any kind paid during fiscal year 2024, or awarded for said year. ...Due to space limits, see proxy material for full proposal                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          40800 |                0 | FOR         |                                    40800 | FOR                         |  |
| ENGIE                                              | 29286D105 | 04/24/2025     | Approval of the total compensation and benefits of any kind paid during fiscal year 2024, or awarded for said year, to Catherine ...Due to space limits, see proxy material for full proposal                                                                       | SECTION 14A SAY-ON-PAY VOTES |          40800 |                0 | ABSTAIN     |                                    40800 | AGAINST                     |  |
| ENGIE SA                                           | F7629A107 | 04/24/2025     | APPROVAL OF THE TOTAL COMPENSATION AND BENEFITS OF ANY KIND PAID DURING FISCAL YEAR 2024, OR AWARDED FOR SAID YEAR, TO JEAN-PIERRE CLAMADIEU, CHAIRMAN OF THE BOARD OF DIRECTORS                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          23010 |                0 | FOR         |                                    23010 | FOR                         |  |
| ENGIE SA                                           | F7629A107 | 04/24/2025     | APPROVAL OF THE TOTAL COMPENSATION AND BENEFITS OF ANY KIND PAID DURING FISCAL YEAR 2024, OR AWARDED FOR SAID YEAR, TO CATHERINE MACGREGOR, CHIEF EXECUTIVE OFFICER                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          23010 |                0 | FOR         |                                    23010 | FOR                         |  |
| ENI S.P.A                                          | 26874R108 | 05/14/2025     | Report on remuneration policy and remuneration paid: Section II - remuneration paid in 2024.                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          19410 |                0 | FOR         |                                    19410 | FOR                         |  |
| EVOLUTION AB                                       | W3287P115 | 05/09/2025     | RESOLUTION ON THE REMUNERATION REPORT                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |           2660 |                0 | AGAINST     |                                     2660 | AGAINST                     |  |
| EXPERIAN PLC                                       | G32655105 | 07/17/2024     | TO APPROVE THE REPORT ON DIRECTORS REMUNERATION (EXCLUDING THE DIRECTORS REMUNERATION POLICY SET OUT ON PAGES 156 TO 159 OF THE REPORT)                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          51690 |                0 | FOR         |                                    36770 | FOR                         |  |
| FREENET AG                                         | D3689Q134 | 05/13/2025     | RESOLUTION REGARDING THE APPROVAL OF THE REMUNERATION REPORT FOR THE 2024 FINANCIAL YEAR                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           7240 |                0 | FOR         |                                     7240 | FOR                         |  |
| GEA GROUP AG                                       | D28304109 | 04/30/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          12460 |                0 | FOR         |                                    12460 | FOR                         |  |
| GILDAN ACTIVEWEAR INC.                             | 375916103 | 04/30/2025     | Approving an advisory resolution on the Corporation's approach to executive compensation.                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          18910 |                0 | AGAINST     |                                    18910 | AGAINST                     |  |
| GILDAN ACTIVEWEAR INC.                             | 375916103 | 04/30/2025     | Approving an advisory resolution on the Corporation's approach to executive compensation.                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          49360 |                0 | AGAINST     |                                    49360 | AGAINST                     |  |
| GREEK ORGANISATION OF FOOTBALL PROGNOSTICS SA OPAP | X3232T104 | 04/29/2025     | SUBMISSION FOR DISCUSSION AND VOTING OF THE REMUNERATION REPORT OF THE BOARD OF DIRECTORS FOR THE FINANCIAL YEAR 2024 (01/01/2024 - 31/12/2024)                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          22650 |                0 | FOR         |                                    22650 | FOR                         |  |
| HSBC HOLDINGS PLC                                  | 404280406 | 05/02/2025     | To approve the Directors' Remuneration Report                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          14830 |                0 | FOR         |                                    14830 | FOR                         |  |
| HSBC HOLDINGS PLC                                  | G4634U169 | 05/02/2025     | TO APPROVE THE DIRECTOR'S REMUNERATION REPORT                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          26360 |                0 | FOR         |                                    26360 | FOR                         |  |
| IBERDROLA SA                                       | 450737101 | 05/30/2025     | Consultative vote on the "Annual Director and Officer Remuneration Report 2024".                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          12400 |                0 | FOR         |                                    12400 | FOR                         |  |
| IMPERIAL BRANDS PLC                                | 45262P102 | 01/29/2025     | Directors' Remuneration Report.                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          24490 |                0 | FOR         |                                    24490 | FOR                         |  |
| IMPERIAL BRANDS PLC                                | G4720C107 | 01/29/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          55160 |                0 | FOR         |                                    55160 | FOR                         |  |
| INFORMA PLC                                        | G4770L106 | 06/19/2025     | TO APPROVE THE DIRECTORS' REMUNERATION REPORT                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          71820 |                0 | FOR         |                                    71820 | FOR                         |  |
| ING GROUP NV                                       | N4578E595 | 04/22/2025     | REMUNERATION REPORT FOR 2024                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         129480 |                0 | FOR         |                                   129480 | FOR                         |  |
| INTESA SANPAOLO SPA                                | T55067101 | 04/29/2025     | REMUNERATION: REPORT ON THE REMUNERATION POLICY AND COMPENSATION PAID: NON-BINDING RESOLUTION ON SECTION 2 - INFORMATION ON COMPENSATION PAID IN 2024                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         152050 |                0 | AGAINST     |                                   152050 | AGAINST                     |  |
| INVESTEC PLC                                       | G49188116 | 08/08/2024     | TO APPROVE THE DLC DIRECTORS' REMUNERATION REPORT FOR THE YEAR ENDED 31 MARCH 2024                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          44220 |                0 | FOR         |                                    44220 | FOR                         |  |
| INVESTOR AB                                        | W5R777123 | 05/07/2025     | PRESENTATION OF THE BOARD OF DIRECTORS' REMUNERATION REPORT FOR APPROVAL                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          24880 |                0 | AGAINST     |                                    24880 | AGAINST                     |  |
| ITALGAS S.P.A.                                     | T6R89Z103 | 05/13/2025     | REPORT ON THE REMUNERATION POLICY AND COMPENSATION PAID: RESOLUTIONS ON THE INR SECOND SECTION' OF THE REPORT, PURSUANT TO ART. 123-TER, PARAGRAPH 6, OF LEGISLATIVE DECREE NO. 58/1998                                                                             | SECTION 14A SAY-ON-PAY VOTES |          65300 |                0 | FOR         |                                    65300 | FOR                         |  |
| KLEPIERRE (EX-COMPAGNIE FONCIERE KLEPIERRE) SA     | F5396X102 | 04/24/2025     | APPROVAL OF THE FIXED, VARIABLE AND EXCEPTIONAL COMPONENTS OF THE TOTAL COMPENSATION AND BENEFITS IN KIND PAID DURING OR ALLOTTED FOR THE FISCAL YEAR ENDED DECEMBER 31, 2024 TO DAVID SIMON IN HIS CAPACITY AS CHAIRMAN OF THE SUPERVISORY BOARD                   | SECTION 14A SAY-ON-PAY VOTES |           8080 |                0 | FOR         |                                     8080 | FOR                         |  |
| KLEPIERRE (EX-COMPAGNIE FONCIERE KLEPIERRE) SA     | F5396X102 | 04/24/2025     | APPROVAL OF THE FIXED, VARIABLE AND EXCEPTIONAL COMPONENTS OF THE TOTAL COMPENSATION AND BENEFITS IN KIND PAID DURING OR ALLOTTED FOR THE FISCAL YEAR ENDED DECEMBER 31, 2024 TO JEAN-MARC JESTIN IN HIS CAPACITY AS CHAIRMAN OF THE EXECUTIVE BOARD                | SECTION 14A SAY-ON-PAY VOTES |           8080 |                0 | FOR         |                                     8080 | FOR                         |  |
| KLEPIERRE (EX-COMPAGNIE FONCIERE KLEPIERRE) SA     | F5396X102 | 04/24/2025     | APPROVAL OF THE FIXED, VARIABLE AND EXCEPTIONAL COMPONENTS OF THE TOTAL COMPENSATION AND BENEFITS IN KIND PAID DURING OR ALLOTTED FOR THE FISCAL YEAR ENDED DECEMBER 31, 2024 TO STPHANE TORTAJADA IN HIS CAPACITY AS MEMBER OF THE EXECUTIVE BOARD                 | SECTION 14A SAY-ON-PAY VOTES |           8080 |                0 | FOR         |                                     8080 | FOR                         |  |
| LLOYDS BANKING GROUP PLC                           | 539439109 | 05/15/2025     | To approve the directors' remuneration report                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          24400 |                0 | FOR         |                                    24400 | FOR                         |  |
| LLOYDS BANKING GROUP PLC                           | G5533W248 | 05/15/2025     | TO APPROVE THE DIRECTORS REMUNERATION REPORT                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         510870 |                0 | FOR         |                                   510870 | FOR                         |  |
| LUNDIN GOLD INC.                                   | 550371108 | 05/09/2025     | To authorize and approve in a non-binding, advisory manner the Say on Pay Resolution as presented in the accompanying Management Information Circular dated March 28, 2025.                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          89060 |                0 | FOR         |                                    89060 | FOR                         |  |
| MAGYAR TELEKOM TELECOMMUNICATIONS PLC              | X5187V109 | 04/15/2025     | THE GENERAL MEETING APPROVES THE REMUNERATION REPORT OF THE COMPANY FOR THE 2024 BUSINESS YEAR. ADVISORY VOTE ON THE REMUNERATION REPORT                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          14108 |                0 | AGAINST     |                                    14108 | AGAINST                     |  |
| NASPERS LTD                                        | S53435111 | 08/22/2024     | TO ENDORSE THE IMPLEMENTATION REPORT OF THE REMUNERATION REPORT                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |           1850 |                0 | AGAINST     |                                     1850 | AGAINST                     |  |
| NATIONAL BANK OF CANADA                            | 633067103 | 04/24/2025     | Advisory resolution to accept the approach taken by the Bank's Board of Directors with respect to executive compensation. The text of the resolution is set out in Section 1 of the Management Proxy Circular.                                                      | SECTION 14A SAY-ON-PAY VOTES |          29290 |                0 | FOR         |                                    29290 | FOR                         |  |
| NATIONAL GRID PLC                                  | G6S9A7120 | 07/10/2024     | TO APPROVE THE DIRECTORS REMUNERATION REPORT EXCLUDING THE DIRECTORS REMUNERATION POLICY                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         132840 |                0 | FOR         |                                   132840 | FOR                         |  |
| NATWEST GROUP PLC                                  | G6422B147 | 04/23/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          46100 |                0 | FOR         |                                    46100 | FOR                         |  |
| NEXT PLC                                           | G6500M106 | 05/15/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           4560 |                0 | AGAINST     |                                     4560 | AGAINST                     |  |
| NOKIA CORP                                         | X61873133 | 04/29/2025     | PRESENTATION AND ADOPTION OF THE REMUNERATION REPORT                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         152100 |                0 | FOR         |                                   152100 | FOR                         |  |
| NOVARTIS AG                                        | 66987V109 | 03/07/2025     | Advisory vote on the 2024 Compensation Report.                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           6740 |                0 | FOR         |                                     6740 | FOR                         |  |
| NOVARTIS AG                                        | H5820Q150 | 03/07/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          30960 |                0 | FOR         |                                    30960 | FOR                         |  |
| OPEN TEXT CORP                                     | 683715106 | 09/12/2024     | THE NON-BINDING SAY-ON-PAY RESOLUTION, THE FULL TEXT OF WHICH IS INCLUDED IN THE CIRCULAR, WITH OR WITHOUT VARIATION, ON THE COMPANY'S APPROACH TO EXECUTIVE COMPENSATION, AS MORE PARTICULARLY DESCRIBED IN THE CIRCULAR                                           | SECTION 14A SAY-ON-PAY VOTES |          27190 |                0 | AGAINST     |                                    27190 | AGAINST                     |  |
| OPEN TEXT CORPORATION                              | 683715106 | 09/12/2024     | The non-binding Say-on-Pay Resolution, the full text of which is included in the Circular, with or without variation, on the Company's approach to executive compensation, as more particularly described in the Circular.                                          | SECTION 14A SAY-ON-PAY VOTES |          27190 |                0 | AGAINST     |                                    27190 | AGAINST                     |  |
| ORKLA ASA                                          | R67787102 | 04/24/2025     | ADVISORY VOTE ON ORKLA'S EXECUTIVE REMUNERATION REPORT                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          67388 |                0 | FOR         |                                    67388 | FOR                         |  |
| PAN AFRICAN RESOURCES PLC                          | G6882W102 | 11/21/2024     | APPROVE REMUNERATION IMPLEMENTATION REPORT                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        4385600 |                0 | FOR         |                                  4385600 | FOR                         |  |
| PANDORA A/S                                        | K7681L102 | 03/12/2025     | PRESENTATION OF THE REMUNERATION REPORT 2024                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |           9010 |                0 | FOR         |                                     9010 | FOR                         |  |
| PEARSON PLC                                        | G69651100 | 05/02/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          43220 |                0 | FOR         |                                    43220 | FOR                         |  |
| PROSUS N.V.                                        | N7163R103 | 08/21/2024     | TO APPROVE THE DIRECTORS REMUNERATION REPORT (ADVISORY VOTE)                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          56400 |                0 | AGAINST     |                                    56400 | AGAINST                     |  |
| PUBLICIS GROUPE SA                                 | F7607Z165 | 05/27/2025     | APPROVAL OF THE ELEMENTS MAKING UP THE TOTAL REMUNERATION AND BENEFITS OF ANY KIND PAID DURING THE FINANCIAL YEAR 2024 OR AWARDED IN RESPECT OF THE SAME FINANCIAL YEAR TO MR. MAURICE LEVY, CHAIRMAN OF THE SUPERVISORY BOARD UNTIL 29 MAY 2024                    | SECTION 14A SAY-ON-PAY VOTES |           7592 |                0 | AGAINST     |                                     7592 | AGAINST                     |  |
| PUBLICIS GROUPE SA                                 | F7607Z165 | 05/27/2025     | APPROVAL OF THE ELEMENTS MAKING UP THE TOTAL REMUNERATION AND BENEFITS OF ANY KIND PAID DURING THE FINANCIAL YEAR 2024 OR AWARDED IN RESPECT OF THE SAME FINANCIAL YEAR TO MR. ARTHUR SADOUN, CHAIRMAN OF THE MANAGEMENT BOARD UNTIL 29 MAY 2024                    | SECTION 14A SAY-ON-PAY VOTES |           7592 |                0 | AGAINST     |                                     7592 | AGAINST                     |  |
| PUBLICIS GROUPE SA                                 | F7607Z165 | 05/27/2025     | APPROVAL OF THE ELEMENTS MAKING UP THE TOTAL REMUNERATION AND BENEFITS OF ANY KIND PAID DURING THE FINANCIAL YEAR 2024 OR AWARDED IN RESPECT OF THE SAME FINANCIAL YEAR TO MRS. ANNE-GABRIELLE HEILBRONNER, MEMBER OF THE MANAGEMENT BOARD UNTIL 29 MAY 2024        | SECTION 14A SAY-ON-PAY VOTES |           7592 |                0 | FOR         |                                     7592 | FOR                         |  |
| PUBLICIS GROUPE SA                                 | F7607Z165 | 05/27/2025     | APPROVAL OF THE ELEMENTS MAKING UP THE TOTAL REMUNERATION AND BENEFITS OF ANY KIND PAID DURING THE FINANCIAL YEAR 2024 OR AWARDED IN RESPECT OF THE SAME FINANCIAL YEAR TO MR. LORIS NOLD, MEMBER OF THE MANAGEMENT BOARD FROM 08 FEBRUARY TO 29 MAY 2024           | SECTION 14A SAY-ON-PAY VOTES |           7592 |                0 | FOR         |                                     7592 | FOR                         |  |
| PUBLICIS GROUPE SA                                 | F7607Z165 | 05/27/2025     | APPROVAL OF THE ELEMENTS MAKING UP THE TOTAL REMUNERATION AND BENEFITS OF ANY KIND PAID DURING THE FINANCIAL YEAR 2024 OR AWARDED IN RESPECT OF THE SAME FINANCIAL YEAR TO MR. MICHEL-ALAIN PROCH, MEMBER OF THE MANAGEMENT BOARD UNTIL 08 FEBRUARY 2024            | SECTION 14A SAY-ON-PAY VOTES |           7592 |                0 | FOR         |                                     7592 | FOR                         |  |
| PUBLICIS GROUPE SA                                 | F7607Z165 | 05/27/2025     | APPROVAL OF THE ELEMENTS MAKING UP THE TOTAL REMUNERATION AND BENEFITS OF ANY KIND PAID DURING THE FINANCIAL YEAR 2024 OR AWARDED IN RESPECT OF THE SAME FINANCIAL YEAR TO MR. ARTHUR SADOUN, CHAIRMAN AND CHIEF EXECUTIVE OFFICER FROM 29 MAY 2024                 | SECTION 14A SAY-ON-PAY VOTES |           7592 |                0 | AGAINST     |                                     7592 | AGAINST                     |  |
| QBE INSURANCE GROUP LTD                            | Q78063114 | 05/09/2025     | TO ADOPT THE REMUNERATION REPORT                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          58200 |                0 | FOR         |                                    58200 | FOR                         |  |
| RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA SPA     | T78458139 | 04/29/2025     | REPORT ON THE REMUNERATION POLICY AND COMPENSATION PAID PURSUANT TO ARTICLE 123-TER, PARAGRAPHS 3-BIS AND 6 OF LEGISLATIVE DECREE NO. 58 OF 24 FEBRUARY 1998: NON-BINDING RESOLUTION ON THE SECOND SECTION ON THE REMUNERATION PAID FOR THE YEAR 2024               | SECTION 14A SAY-ON-PAY VOTES |           4880 |                0 | FOR         |                                     4880 | FOR                         |  |
| RELX PLC                                           | 759530108 | 04/24/2025     | Approve the Directors' Remuneration Report                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          23888 |                0 | FOR         |                                    23888 | FOR                         |  |
| RELX PLC                                           | G7493L105 | 04/24/2025     | APPROVE THE DIRECTORS REMUNERATION REPORT                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          15395 |                0 | FOR         |                                    15395 | FOR                         |  |
| RIGHTMOVE PLC                                      | G7565D106 | 05/09/2025     | TO APPROVE THE DIRECTORS' REMUNERATION REPORT AS SET OUT IN THE 2024 ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          31090 |                0 | FOR         |                                    31090 | FOR                         |  |
| ROYAL BANK OF CANADA ("RBC")                       | 780087102 | 04/10/2025     | Advisory vote on the Bank's approach to executive compensation                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           5880 |                0 | FOR         |                                     5880 | FOR                         |  |
| ROYAL BANK OF CANADA ("RBC")                       | 780087102 | 04/10/2025     | Advisory vote on the Bank's approach to executive compensation                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          21690 |                0 | FOR         |                                    21690 | FOR                         |  |
| SKANDINAVISKA ENSKILDA BANKEN AB                   | W25381141 | 04/01/2025     | THE BOARD OF DIRECTORS' REMUNERATION REPORT FOR 2024                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         133150 |                0 | AGAINST     |                                   133150 | AGAINST                     |  |
| SNAM S.P.A.                                        | T8578N103 | 05/14/2025     | REPORT ON THE REMUNERATION POLICY AND COMPENSATION PAID 2025: SECOND SECTION: REPORT ON REMUNERATION PAID (NON-BINDING RESOLUTION)                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          51090 |                0 | FOR         |                                    51090 | FOR                         |  |
| STOCKLAND                                          | Q8773B105 | 10/21/2024     | APPROVAL OF REMUNERATION REPORT                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          63561 |           423869 | FOR         |                                    63561 | FOR                         |  |
| SUN LIFE FINANCIAL INC.                            | 866796105 | 05/08/2025     | Non-Binding Advisory Vote on Approach to Executive Compensation                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          34480 |                0 | FOR         |                                    34480 | FOR                         |  |
| SWISS RE AG                                        | H8431B109 | 04/11/2025     | APPROVE REMUNERATION REPORT (NON-BINDING)                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |           1730 |                0 | FOR         |                                     1730 | FOR                         |  |
| SWISSCOM LTD.                                      | 871013108 | 03/26/2025     | Consultative vote on the Remuneration Report 2024                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          12340 |                0 | AGAINST     |                                    12340 | AGAINST                     |  |
| TEAMVIEWER SE                                      | D8T895100 | 05/28/2025     | RESOLUTION ON THE APPROVAL OF THE REMUNERATION REPORT                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          22530 |                0 | FOR         |                                    22530 | FOR                         |  |
| TECHNIP ENERGIES N.V.                              | N8486R101 | 05/06/2025     | REMUNERATION REPORT FOR THE 2024 FINANCIAL YEAR                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |           8040 |                0 | FOR         |                                     8040 | FOR                         |  |
| TESCO PLC                                          | G8T67X102 | 06/12/2025     | TO APPROVE THE DIRECTORS REMUNERATION REPORT                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         102860 |                0 | FOR         |                                   102860 | FOR                         |  |
| THE DESCARTES SYSTEMS GROUP INC.                   | 249906108 | 06/12/2025     | Approval of the Say-on-Pay Resolution as set out under the heading "Advisory Vote on Executive Compensation (Say-on-Pay Vote)" of the Corporation's Management Information Circular dated April 30, 2025.                                                           | SECTION 14A SAY-ON-PAY VOTES |           6990 |                0 | FOR         |                                     6990 | FOR                         |  |
| THE DESCARTES SYSTEMS GROUP INC.                   | 249906108 | 06/12/2025     | Approval of the Say-on-Pay Resolution as set out under the heading "Advisory Vote on Executive Compensation (Say-on-Pay Vote)" of the Corporation's Management Information Circular dated April 30, 2025.                                                           | SECTION 14A SAY-ON-PAY VOTES |           7070 |                0 | FOR         |                                     7070 | FOR                         |  |
| UNICREDIT SPA                                      | T9T23L642 | 03/27/2025     | APPROVE SECOND SECTION OF THE REMUNERATION REPORT                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |           8380 |                0 | AGAINST     |                                     8380 | AGAINST                     |  |
| UNILEVER PLC                                       | 904767704 | 04/30/2025     | To approve the Directors' Remuneration Report.                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          10550 |                0 | FOR         |                                    10550 | FOR                         |  |
| UNILEVER PLC                                       | G92087165 | 04/30/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          12840 |                0 | FOR         |                                    12840 | FOR                         |  |
| UNIPOL ASSICURAZIONI SPA                           | T9532W106 | 04/29/2025     | RESOLUTION ON THE SECOND SECTION OF THE REPORT ON REMUNERATION POLICIES AND COMPENSATION PAID, PURSUANT TO ART. 123-TER, PARAGRAPH 3, OF LEGISLATIVE DECREE NO. 58/1998 (TUF)                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          20070 |                0 | AGAINST     |                                    20070 | AGAINST                     |  |
| VINCI SA                                           | F5879X108 | 04/17/2025     | APPROVE COMPENSATION OF XAVIER HUILLARD, CHAIRMAN AND CEO                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |           6020 |                0 | FOR         |                                     6020 | FOR                         |  |
| VOLVO AB                                           | 928856301 | 04/02/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          15100 |                0 | AGAINST     |                                    15100 | AGAINST                     |  |
| WOLTERS KLUWER N.V.                                | N9643A197 | 05/15/2025     | 2024 ANNUAL REPORT : ADVISORY VOTE ON THE REMUNERATION REPORT AS INCLUDED IN THE 2024 ANNUAL REPORT                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |           4840 |                0 | FOR         |                                     4840 | FOR                         |  |
| YUM CHINA HOLDINGS, INC.                           | 98850P109 | 05/23/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |           9910 |                0 | FOR         |                                     9910 | FOR                         |  |
| ZURICH INSURANCE GROUP AG                          | H9870Y105 | 04/09/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           1140 |                0 | FOR         |                                     1140 | FOR                         |  |
| ABB LTD                                            | 000375204 | 03/27/2025     | Consultative vote on the Compensation Report 2024                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          11600 |                0 | FOR         |                                    11600 | FOR                         |  |
| AGNICO EAGLE MINES LIMITED                         | 008474108 | 04/25/2025     | Consideration of and, if deemed advisable, the passing of a non-binding, advisory resolution accepting the Company's approach to executive compensation.                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           6500 |                0 | FOR         |                                     6500 | FOR                         |  |
| AXA                                                | 054536107 | 04/24/2025     | Approval of the components of compensation paid during, or granted in respect of, the fiscal year ended December 31, 2024 to Antoine Gosset-Grainville, Chairman of the Board of Directors                                                                          | SECTION 14A SAY-ON-PAY VOTES |          17000 |                0 | FOR         |                                    17000 | FOR                         |  |
| AXA                                                | 054536107 | 04/24/2025     | Approval of the components of compensation paid during, or granted in respect of, the fiscal year ended December 31, 2024 to Thomas Buberl, Chief Executive Officer                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          17000 |                0 | FOR         |                                    17000 | FOR                         |  |
| BANCO BILBAO VIZCAYA ARGENTARIA S.A.               | 05946K101 | 03/21/2025     | Consultative vote on the Annual Report on the Remuneration of Directors of Banco Bilbao Vizcaya Argentaria, S.A. for the financial year 2024.                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          73000 |                0 | FOR         |                                    73000 | FOR                         |  |
| DEUTSCHE TELEKOM AG                                | 251566105 | 04/09/2025     | Resolution on the approval of the remuneration report.                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          24200 |                0 | FOR         |                                    24200 | NONE                        |  |
| ENGIE                                              | 29286D105 | 04/24/2025     | Approval of the total compensation and benefits of any kind paid during fiscal year 2024, or awarded for said year. ...Due to space limits, see proxy material for full proposal                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          35300 |                0 | FOR         |                                    35300 | FOR                         |  |
| ENGIE                                              | 29286D105 | 04/24/2025     | Approval of the total compensation and benefits of any kind paid during fiscal year 2024, or awarded for said year, to Catherine ...Due to space limits, see proxy material for full proposal                                                                       | SECTION 14A SAY-ON-PAY VOTES |          35300 |                0 | ABSTAIN     |                                    35300 | AGAINST                     |  |
| ENI S.P.A                                          | 26874R108 | 05/14/2025     | Report on remuneration policy and remuneration paid: Section II - remuneration paid in 2024.                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          17000 |                0 | FOR         |                                    17000 | FOR                         |  |
| GILDAN ACTIVEWEAR INC.                             | 375916103 | 04/30/2025     | Approving an advisory resolution on the Corporation's approach to executive compensation.                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          16000 |                0 | AGAINST     |                                    16000 | AGAINST                     |  |
| HSBC HOLDINGS PLC                                  | 404280406 | 05/02/2025     | To approve the Directors' Remuneration Report                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          13000 |                0 | FOR         |                                    13000 | FOR                         |  |
| IBERDROLA SA                                       | 450737101 | 05/30/2025     | Consultative vote on the "Annual Director and Officer Remuneration Report 2024".                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          10540 |                0 | FOR         |                                    10540 | FOR                         |  |
| IMPERIAL BRANDS PLC                                | 45262P102 | 01/29/2025     | Directors' Remuneration Report.                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          20000 |                0 | FOR         |                                    20000 | FOR                         |  |
| LLOYDS BANKING GROUP PLC                           | 539439109 | 05/15/2025     | To approve the directors' remuneration report                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         220000 |                0 | FOR         |                                   220000 | FOR                         |  |
| NOVARTIS AG                                        | 66987V109 | 03/07/2025     | Advisory vote on the 2024 Compensation Report.                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           5300 |                0 | FOR         |                                     5300 | FOR                         |  |
| RELX PLC                                           | 759530108 | 04/24/2025     | Approve the Directors' Remuneration Report                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          20721 |                0 | FOR         |                                    20721 | FOR                         |  |
| ROYAL BANK OF CANADA ("RBC")                       | 780087102 | 04/10/2025     | Advisory vote on the Bank's approach to executive compensation                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           5259 |                0 | FOR         |                                     5259 | FOR                         |  |
| SWISSCOM LTD.                                      | 871013108 | 03/26/2025     | Consultative vote on the Remuneration Report 2024                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          10500 |                0 | AGAINST     |                                    10500 | AGAINST                     |  |
| THE DESCARTES SYSTEMS GROUP INC.                   | 249906108 | 06/12/2025     | Approval of the Say-on-Pay Resolution as set out under the heading "Advisory Vote on Executive Compensation (Say-on-Pay Vote)" of the Corporation's Management Information Circular dated April 30, 2025.                                                           | SECTION 14A SAY-ON-PAY VOTES |           6200 |                0 | FOR         |                                     6200 | FOR                         |  |
| UNILEVER PLC                                       | 904767704 | 04/30/2025     | To approve the Directors' Remuneration Report.                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           9700 |                0 | FOR         |                                     9700 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Ativo Capital Management LLC

**By (Signature):** Adan Galvan

**By (Printed Signature):** Adan Galvan

**By (Title):** COO

**Date:** 07/31/2025