N-PX 1 dnpx.htm WADDELL & REED ADVISORS FIXED INCOME & MONEY MARKET FUNDS Waddell & Reed Advisors Fixed Income & Money Market Funds

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-09435

WADDELL & REED ADVISORS FUNDS

(Exact Name as Specified in Charter)

6300 Lamar Avenue, Overland Park, Kansas 66202-4200

(Address of Principal Executive Office) (Zip Code)

Kristen A. Richards, 6300 Lamar Avenue, Overland Park, Kansas 66202-4200

(Name and Address of Agent for Service)

Registrant’s Telephone Number, including Area Code (913) 236-2000

Date of fiscal year end: September 30

Date of reporting period: July 1, 2010 to June 30, 2011


WADDELL & REED ADVISORS BOND FUND

Proxy Voting Record

There was no proxy voting for Waddell & Reed Advisors Bond Fund, a series of the Registrant, for the period covered by this report, pursuant to Section 30 of the Investment Company Act of 1940, as amended, and Rule 30b1-4 thereunder.

WADDELL & REED ADVISORS CASH MANAGEMENT

Proxy Voting Record

There was no proxy voting for Waddell & Reed Advisors Cash Management, a series of the Registrant, for the period covered by this report, pursuant to Section 30 of the Investment Company Act of 1940, as amended, and Rule 30b1-4 thereunder.

WADDELL & REED ADVISORS GLOBAL BOND FUND

Proxy Voting Record

 

Vote Summary Report    LOGO

 

Report was run from: 6/30/10 to 7/1/11

  

Location(s):    Waddell & Reed Investment Management Company

Institution Account(s):    34 W&R Advisors Global Bond

Seadrill Limited

 

Ticker   Meeting Date   Country   Security ID   Meeting Type   Record Date   Shares Voted   Shares Instructed   Shares Available   Shares on Loan

N/A

  24-Sep-10   Bermuda   G7945E105   Annual   20-Jul-10   97,900   97,900   97,900   0

 

 

CUSIP:

  N/A   ISIN:   N/A   SEDOL:   B09RMQ1     Proxy Level:   N/A   Meeting ID:   597053

 

Voting Policy:

  

Waddell & Reed

  

Ballot Count: 1

   Proponent    Votable
Proposal
   Mgmt Rec    ISS Rec    Policy Rec    Vote
Instruction

1

   Reelect John Fredriksen       Mgmt    Yes    For    Against    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

2

   Reelect Olav Troim as Director       Mgmt    Yes    For    Against    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

3

   Reelect Kate Blankenship as Director       Mgmt    Yes    For    Against    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

4

   Reelect Kjell E. Jacobsen as Director       Mgmt    Yes    For    Against    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

5

   Reelect Kathrine Fredriksen as Director       Mgmt    Yes    For    Against    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

6

  

Approve PricewaterhouseCoopers AS as Auditor and Authorize Board to Fix Their Remuneration

   Mgmt    Yes    For    For    For    For
   Client Notes: 3.1a                     
   Research Notes: Item 3.1a                     

7

   Approve Remuneration of Directors       Mgmt    Yes    For    For    Refer    For
   Client Notes: 2.8a                     

Accounts and Shares

 

Institutional Account Detail (IA Name, IA Number)

   Custodian Account      Ballot Status         Available      Voted  

34 W&R Advisors Global Bond, 34

     115887.1       Confirmed         97,900         97,900   
      Totals:      97,900         97,900   
     

 

  

 

  

 

 

    

 

 

 

WADDELL & REED ADVISORS GOVERNMENT SECURITIES FUND

Proxy Voting Record

There was no proxy voting for Waddell & Reed Advisors Government Securities Fund, a series of the Registrant, for the period covered by this report, pursuant to Section 30 of the Investment Company Act of 1940, as amended, and Rule 30b1-4 thereunder.

WADDELL & REED ADVISORS HIGH INCOME FUND

Proxy Voting Record

 

Vote Summary Report    LOGO
Report was run from: 6/30/10 to 7/1/11   

Location(s):    Waddell & Reed Investment Management Company

Institution Account(s):    28 W&R Advisors High Income

Kansas City Southern

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date    Shares Voted    Shares Instructed    Shares Available    Shares on Loan

KSU

   05-May-11    USA    485170302    Annual    07-Mar-11    95,000    95,000    95,000    0

 

 

CUSIP:

  

485170302

  ISIN:    US4851703029   SEDOL:    2607647      Proxy Level:    3   Meeting ID:    633095

 

Voting Policy:

  

Waddell & Reed

   Ballot Count: 1    Proponent    Votable
Proposal
   Mgmt Rec    ISS Rec    Policy Rec    Vote
Instruction

1.1

   Elect Director Henry R. Davis       Mgmt    Yes    For    For    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

1.2

   Elect Director Robert J. Druten       Mgmt    Yes    For    For    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

1.3

   Elect Director Rodney E. Slater       Mgmt    Yes    For    For    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

2

   Ratify Auditors       Mgmt    Yes    For    For    For    For
   Client Notes: 3.1a                     
   Research Notes: Item 3.1a                     

3

   Approve Executive Incentive Bonus Plan    Mgmt    Yes    For    For    Refer    For
   Client Notes: 4.1a                     

4

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For    For    For
   Client Notes: 5.1d                     
   Research Notes: Item 5.1d                     

5

   Advisory Vote on Say on Pay Frequency    Mgmt    Yes    Three Years    One Year    One Year    One Year
   Client Notes: 5.5b                     
   Research Notes: Item 5.5b                     

Accounts and Shares

 

Institutional Account Detail (IA Name, IA Number)

   Custodian Account      Ballot Status   

 

   Available      Voted  

28 W&R Advisors High Income, 28

     115883.1       Confirmed         95,000         95,000   
      Totals:      95,000         95,000   
     

 

  

 

  

 

 

    

 

 

 

 

Vote Summary Report    LOGO
Report was run from: 6/30/10 to 7/1/11   

Location(s):    Waddell & Reed Investment Management Company

Institution Account(s):    28 W&R Advisors High Income

Dresser-Rand Group Inc.

 

Ticker

 

Meeting Date

 

Country

 

Security ID

 

Meeting Type

 

Record Date

 

Shares Voted

 

Shares Instructed

 

Shares Available

 

Shares on Loan

DRC

  10-May-11   USA   261608103   Annual   16-Mar-11   79,000   79,000   79,000   0

 

 

CUSIP:

  261608103   ISIN:   US2616081038   SEDOL:    B0G0V77      Proxy Level:   3   Meeting ID:   624554

 

Voting Policy:

  

Waddell & Reed

  

Ballot Count: 1

  

Proponent

  

Votable

Proposal

  

Mgmt Rec

  

ISS Rec

  

Policy Rec

  

Vote
Instruction

1.1

   Elect Director William E. Macaulary    Mgmt    Yes    For    For    For    For
   Research Notes: Item 2.6a                     

1.2

   Elect Director Vincent R. Volpe, Jr    Mgmt    Yes    For    For    For    For
   Research Notes: Item 2.6a                     

1.3

   Elect Director Rita V. Foley       Mgmt    Yes    For    For    For    For
   Research Notes: Item 2.6a                     

1.4

   Elect Director Louis A. Raspino    Mgmt    Yes    For    For    For    For
   Research Notes: Item 2.6a                     

1.5

   Elect Director Philip R. Roth    Mgmt    Yes    For    For    For    For
   Research Notes: Item 2.6a                     

1.6

   Elect Director Stephen A. Snider    Mgmt    Yes    For    For    For    For
   Research Notes: Item 2.6a                     

1.7

   Elect Director Michael L. Underwood       Mgmt    Yes    For    For    For    For
   Research Notes: Item 2.6a                     

1.8

   Elect Director Joseph C. Winkler, III    Mgmt    Yes    For    For    For    For
   Research Notes: Item 2.6a                     

2

   Ratify Auditors       Mgmt    Yes    For    For    For    For
   Research Notes: Item 3.1a                     

3

   Advisory Vote to Ratify Named Executive Officers' Compensation    Mgmt    Yes    For    For    For    For

4

   Advisory Vote on Say on Pay Frequency       Mgmt    Yes    One Year    One Year    One Year    One Year
   Research Notes: Item 5.5b                     

Accounts and Shares

 

Institutional Account Detail (IA Name, IA Number)

   Custodian Account      Ballot Status   

 

   Available      Voted  

28 W&R Advisors High Income, 28

     115883.1       Confirmed         79,000         79,000   
      Totals:      79,000         79,000   
     

 

  

 

  

 

 

    

 

 

 

 

Vote Summary Report    LOGO
Report was run from: 6/30/10 to 7/1/11   

Location(s):    Waddell & Reed Investment Management Company

Institution Account(s):    28 W&R Advisors High Income

Dole Food Company, Inc.

 

Ticker   Meeting Date   Country   Security ID   Meeting Type   Record Date   Shares Voted   Shares Instructed   Shares Available   Shares on Loan

DOLE

  19-May-11   USA   256603101   Annual   25-Mar-11   107,400   107,400   107,400   0

CUSIP:    256603101        ISIN:     US2566031017        SEDOL:    B551JT4        Proxy Level:    3         Meeting ID:    637791

 

Voting Policy:

 

Waddell & Reed

 

Ballot Count: 1

 

Proponent

  

Votable
Proposal

  

Mgmt Rec

  

ISS Rec

  

Policy Rec

  

Vote
Instruction

1.1   Elect Director Elaine L. Chao     Mgmt    Yes    For    For    For    For
  Research Notes: Item 2.6a                   
1.2   Elect Director Sherry Lansing     Mgmt    Yes    For    For    For    For
  Research Notes: Item 2.6a                   
2   Ratify Auditors     Mgmt    Yes    For    For    For    For
  Research Notes: Item 3.1a                   
3   Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt    Yes    For    For    For    For
  Research Notes: Item 5.1d                   
4   Advisory Vote on Say on Pay Frequency     Mgmt    Yes    Three Years    One Year    One Year    One Year
  Research Notes: Item 5.5b                   

Accounts and Shares

 

Institutional Account Detail (IA Name, IA Number)

   Custodian Account      Ballot Status           Available      Voted  

28 W&R Advisors High Income, 28

     115883.1         Confirmed            107,400         107,400   
        Totals:      107,400         107,400   
           

 

 

    

 

 

 

The PMI Group, Inc.

 

Ticker   Meeting Date   Country   Security ID   Meeting Type   Record Date   Shares Voted   Shares Instructed   Shares Available   Shares on Loan

PMI

  19-May-11   USA   69344M101   Annual   28-Mar-11   1,063,000   1,063,000   1,063,000   0

CUSIP:    69344M101        ISIN:     US69344M1018        SEDOL:    2704032        Proxy Level:    4         Meeting ID:    639862

 

Voting Policy:

  

Waddell & Reed

   Ballot Count: 1   

Proponent

  

Votable
Proposal

  

Mgmt Rec

  

ISS Rec

  

Policy Rec

  

Vote
Instruction

 

Vote Summary Report    LOGO

 

Report was run from: 6/30/10 to 7/1/11

  

Location(s):    Waddell & Reed Investment Management Company

Institution Account(s):    28 W&R Advisors High Income

 

1.1

   Elect Director Timothy R. Eller       Mgmt    Yes    For    For    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

1.2

   Elect Director Carmine Guerro       Mgmt    Yes    For    For    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

1.3

   Elect Director Louis G. Lower, II       Mgmt    Yes    For    For    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

1.4

   Elect Director Raymond L. Ocampo, Jr.       Mgmt    Yes    For    For    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

1.5

   Elect Director Charles R. Rinehart       Mgmt    Yes    For    For    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

1.6

   Elect Director John D. Roach       Mgmt    Yes    For    For    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

1.7

   Elect Director L. Stephen Smith       Mgmt    Yes    For    For    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

1.8

   Elect Director Jose H. Villarreal       Mgmt    Yes    For    For    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

1.9

   Elect Director Mary Lee Widener       Mgmt    Yes    For    For    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

1.10

   Elect Director Ronald H. Zech       Mgmt    Yes    For    For    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

2

  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    Yes    For    For    For    For
   Client Notes: 5.1d                     
   Research Notes: Item 5.1d                     

 

Vote Summary Report    LOGO

 

Report was run from: 6/30/10 to 7/1/11

  

Location(s):    Waddell & Reed Investment Management Company

Institution Account(s):    28 W&R Advisors High Income

 

3

  

Advisory Vote on Say on Pay Frequency

   Mgmt    Yes    Three Years    One Year    One Year    One Year
   Client Notes: 5.5b                     
   Research Notes: Item 5.5b                     

4

   Ratify Auditors       Mgmt    Yes    For    For    For    For
   Client Notes: 3.1a                     
   Research Notes: Item 3.1a                     

5

   Adopt NOL Rights Plan (NOL Pill)    Mgmt    Yes    For    For    Refer    For
   Client Notes: 99                     

6

   Increase Authorized Common Stock    Mgmt    Yes    For    For    For    For
   Client Notes: 3.6                     
   Research Notes: Item 3.6                     

Accounts and Shares

 

Institutional Account Detail (IA Name, IA Number)

   Custodian Account      Ballot Status   

 

   Available      Voted  

28 W&R Advisors High Income, 28

     115883.1       Confirmed         1,063,000         1,063,000   
      Totals:      1,063,000         1,063,000   
     

 

  

 

  

 

 

    

 

 

 

Pinnacle Entertainment, Inc.

 

Ticker   Meeting Date   Country   Security ID   Meeting Type   Record Date   Shares Voted   Shares Instructed   Shares Available   Shares on Loan

PNK

  24-May-11   USA   723456109   Annual   28-Mar-11   103,000   103,000   103,000   0

 

 

CUSIP:

  723456109   ISIN:   US7234561097   SEDOL:   2432225   Proxy Level:   3   Meeting ID:   635636

 

Voting Policy:

  

Waddell & Reed

  

Ballot Count: 1

  

Proponent

  

Votable
Proposal

  

Mgmt Rec

  

ISS Rec

  

Policy Rec

  

Vote
Instruction

1

   Elect Director Stephen C. Comer       Mgmt    Yes    For    For    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

2

   Elect Director John V. Giovenco       Mgmt    Yes    For    For    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

3

   Elect Director Richard J. Goeglein       Mgmt    Yes    For    For    For    For
   Client Notes: 2.6a                     
   Research Notes: Item 2.6a                     

 

Vote Summary Report    LOGO

 

Report was run from: 6/30/10 to 7/1/11

  

Location(s):    Waddell & Reed Investment Management Company

Institution Account(s):    28 W&R Advisors High Income

 

4    Elect Director Bruce A. Leslie   Mgmt      Yes      For      For      For      For
   Client Notes: 2.6a                           
   Research Notes: Item 2.6a                           
5    Elect Director James L. Martineau   Mgmt      Yes      For      For      For      For
   Client Notes: 2.6a                           
   Research Notes: Item 2.6a                           
6    Elect Director Lynn P. Reitnouer   Mgmt      Yes      For      For      For      For
   Client Notes: 2.6a                           
   Research Notes: Item 2.6a                           
7    Elect Director Anthony M. Sanfilippo   Mgmt      Yes      For      For      For      For
   Client Notes: 2.6a                           
   Research Notes: Item 2.6a                           
8    Ratify Auditors   Mgmt      Yes      For      For      For      For
   Client Notes: 3.1a                           
   Research Notes: Item 3.1a                           
9    Approve Repricing of Options   Mgmt      Yes      For      For      Refer      For
   Client Notes: 4.9 Zack Shafran                           
   Research Notes: Item 4.9                           
10   

Advisory Vote to Ratify Named Executive Officers’ Compensation

  Mgmt      Yes      For      For      For      For
   Client Notes: 5.1d                           
   Research Notes: Item 5.1d                           
11    Advisory Vote on Say on Pay Frequency   Mgmt      Yes      One Year      One Year      One Year      One Year
   Client Notes: 5.5b                           
   Research Notes: Item 5.5b                           

Accounts and Shares

 

Institutional Account Detail (IA Name, IA Number)

   Custodian Account      Ballot Status           Available      Voted  

28 W&R Advisors High Income, 28

     115883.1         Confirmed            103,000         103,000   
        Totals:      103,000         103,000   
           

 

 

    

 

 

 

WADDELL & REED ADVISORS MUNICIPAL BOND FUND

Proxy Voting Record

There was no proxy voting for Waddell & Reed Advisors Municipal Bond Fund, a series of the Registrant, for the period covered by this report, pursuant to Section 30 of the Investment Company Act of 1940, as amended, and Rule 30b1-4 thereunder.

WADDELL & REED ADVISORS MUNICIPAL HIGH INCOME FUND

Proxy Voting Record

There was no proxy voting for Waddell & Reed Advisors Municipal High Income Fund, a series of the Registrant, for the period covered by this report, pursuant to Section 30 of the Investment Company Act of 1940, as amended, and Rule 30b1-4 thereunder.


SIGNATURES

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

WADDELL & REED ADVISORS FUNDS

(Registrant)

By:     

/s/Kristen A. Richards

     Kristen A. Richards, Vice President and Assistant Secretary

Date: August 30, 2011

By:     

/s/Henry J. Herrmann

     Henry J. Herrmann, President and Principal Executive Officer

Date: August 30, 2011