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 811-5017

IVY FUNDS VARIABLE INSURANCE PORTFOLIOS

(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: December 31

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

IVY FUNDS VIP ASSET STRATEGY

Proxy Voting Record

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

	HDFC Bank Limited
Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
N/A	30-Jun-10	India	Y3119P117	Annual	16-Jun-10	27,400	27,400	27,400	0

CUSIP: Y3119P117 ISIN: INE040A01018 SEDOL: 6100131 Proxy Level: N/A Meeting ID: 576777

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Accept Financial Statements and Statutory Reports		Mgmt	Yes	For	For	For	For
Client Notes: 3.24
Research Notes: Item 3.24
2       Approve Dividend of INR 12 Per Share		Mgmt	Yes	For	For	For	For
Client Notes: 3.18
Research Notes: Item 3.18
3       Reappoint C.M. Vasudev as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Reappoint P. Palande as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Approve BSR & Co. as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
6       Approve Reappointment and Remuneration of A. Puri as Managing Director		Mgmt	Yes	For	For	Refer	For
Client Notes: 1.3a
7       Approve Reappointment and Remuneration of H. Engineer as Executive Director		Mgmt	Yes	For	For	Refer	For
Client Notes: 1.3a
8       Approve Reappointment and Remuneration of P. Sukthankar as Executive Director		Mgmt	Yes	For	For	Refer	For
Client Notes: 1.3a
9       Approve Employee Stock Option Plan		Mgmt	Yes	For	Against	Refer	For
Client Notes: 4.3a

Page 1 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		27,400		27,400
		Totals:		27,400		27,400

Lenovo Group Limited (formerly Legend Group Limited)

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
N/A	30-Jul-10	Hong Kong	Y5257Y107	Annual	27-Jul-10	7,550,000	7,550,000	7,550,000	0

CUSIP: Y5257Y107 ISIN: HK0992009065 SEDOL: 6218089 Proxy Level: N/A Meeting ID: 591929

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Accept Financial Statements and Statutory Reports		Mgmt	Yes	For	For	For	For
Client Notes: 3.24
Research Notes: Item 3.24
2       Approve Final Dividend		Mgmt	Yes	For	For	For	For
Client Notes: 3.18
Research Notes: Item 3.18
3a     Reelect Nicholas C. Allen as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3b     Reelect Yang Yuanqing as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3c     Reelect Zhu Linan as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3d     Reelect James G. Coulter as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3e     Reelect Ting Lee Sen as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 2 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

3f      Authorize Board to Fix Remuneration of Directors	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.8a
4       Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
5       Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	Mgmt	Yes	For	Against	For	For
Client Notes: 3.9b
Research Notes: Item 3.9b
6       Authorize Repurchase of Up to 10 Percent of Issued Share Capital	Mgmt	Yes	For	For	For	For
Client Notes: 3.21a
Research Notes: Item 3.21a
7       Authorize Reissuance of Repurchased Shares	Mgmt	Yes	For	Against	For	For
Client Notes: 3.9b
Research Notes: Item 3.9b

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		7,550,000		7,550,000
		Totals:		7,550,000		7,550,000

NetApp, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
NTAP	31-Aug-10	USA	64110D104	Annual	06-Jul-10	357,200	357,200	357,200	0

CUSIP: 64110D104 ISIN: US64110D1046 SEDOL: 2630643 Proxy Level: 3 Meeting ID: 593853

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director Jeffry R. Allen		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director Alan L. Earhart		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 3 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

1.3    Elect Director Thomas Georgens	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.4    Elect Director Gerald Held	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.5    Elect Director Nicholas G. Moore	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.6    Elect Director T. Michael Nevens	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.7    Elect Director George T. Shaheen	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.8    Elect Director Robert T. Wall	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.9    Elect Director Daniel J. Warmenhoven	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Amend Omnibus Stock Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
3       Amend Qualified Employee Stock Purchase Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.3b
4       Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		357,200		357,200
		Totals:		357,200		357,200

Li & Fung Limited

Page 4 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
00494	13-Sep-10	Hong Kong	G5485F144	Special		2,486,200	2,486,200	2,486,200	0

CUSIP: G5485F144 ISIN: BMG5485F1445 SEDOL: 6286257 Proxy Level: N/A Meeting ID: 599076

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Approve Scheme of Arrangement		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.5 per Ryan Caldwell

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		2,486,200		2,486,200
		Totals:		2,486,200		2,486,200

NIKE, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
NKE	20-Sep-10	USA	654106103	Annual	26-Jul-10	153,300	153,300	153,300	0

CUSIP: 654106103 ISIN: US6541061031 SEDOL: 2640147 Proxy Level: 3 Meeting ID: 596423

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director Jill K. Conway		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director Alan B. Graf, Jr.		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.3    Elect Director John C. Lechleiter		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.4    Elect Director Phyllis M. Wise		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Amend Executive Incentive Bonus Plan		Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1

Page 5 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

3       Amend Omnibus Stock Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
4       Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		153,300		153,300
		Totals:		153,300		153,300

Industrial and Commercial Bank of China Limited

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
01398	21-Sep-10	Hong Kong	Y3990B112	Special	13-Aug-10	46,889,700	46,889,700	46,889,700	0

CUSIP: Y3990B112 ISIN: CNE1000003G1 SEDOL: B1G1QD8 Proxy Level: N/A Meeting ID: 595929

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1a     Approve Type and Nominal Value of the Rights Shares		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.6
1b     Approve Proportion and Number of the Rights Shares to be Issued		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.6
1c     Approve Subscription Price for the Rights Shares		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.6
1d     Approve Target Subscribers for the Rights Issue		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.6
1e     Approve Use of Proceeds		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.6
1f      Approve Effective Period of the Resolution		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.6
1g     Approve Authorization for the Rights Issue		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.6
2       Approve Arrangements for the Accumulated Undistributed Profits Prior to the Completion of the Rights Issue of A Shares and H Shares		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.18

Page 6 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

3       Approve Feasibility Analysis Report on Use of Proceeds from the Rights Issue of A Shares and H Shares	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.24
4       Approve Report on Utilization of Proceeds from Previous Issuances	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.24
5       Authorize Board to Fix Remuneration of Directors and Supervisors	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.8a
6       Elect Xu Shanda as Independent Non-Executive Director
Client Notes: 2.6a	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
7       Elect Li Xiaopeng as Executive Director	SH	Yes	None	For	Refer	For
Client Notes: 2.6a
8       Approve Utilization of Proceeds from the Previous Issuance of A Share Convertible Bonds	SH	Yes	None	For	Refer	For
Client Notes: 3.24

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		46,889,700		46,889,700
		Totals:		46,889,700		46,889,700

Industrial and Commercial Bank of China Limited

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
01398	21-Sep -10	Hong Kong	Y3990B112	Special	13-Aug-10	46,889,700	46,889,700	46,889,700	0

CUSIP: Y3990B112 ISIN: CNE1000003G1 SEDOL: B1G1QD8 Proxy Level: N/A Meeting ID: 595930

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1a     Approve Types and Nominal Value of Securities to be Issued in Relation to the Rights Issue of A Shares and H Shares		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.6
1b     Approve Proportion and Number of Shares to be Issued in Relation to the Rights Issue of A Shares and H Shares		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.6
1c     Approve Subscription Price and Basis for Price Determination in Relation to the Rights Issue of A Shares and H Shares		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.6

Page 7 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

1d     Approve Target Subscribers in Relation to the Rights Issue of A Shares and H Shares	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.6
1e     Approve Amount and Use of Proceeds in Relation to the Rights Issue of A Shares and H Shares	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.6
1f      Approve Effective Period of the Resolutions in Relation to the Rights Issue of A Shares and H Shares	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.6
1g     Approve Authorization for the Rights Issue in Relation to the Rights Issue of A Shares and H Shares	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.6

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		46,889,700		46,889,700
		Totals:		46,889,700		46,889,700

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	701,050	701,050	701,050	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

Page 8 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

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
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		701,050		701,050
		Totals:		701,050		701,050

China Resources Land Ltd. (frmrly. China Resources Beijing L

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
01109	01-Nov-10	Hong Kong	G2108Y105	Special		3,068,000	3,068,000	3,068,000	0

CUSIP: G2108Y105 ISIN: KYG2108Y1052 SEDOL: 6193766 Proxy Level: N/A Meeting ID: 605307

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Approve Acquisition of the Entire Equity Interest in Fast Lead Investments Ltd. from Central New Investments Limited and the Alllotment and Issue of 348 Million Consideration Shares		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.5 Per Mike Avery
2       Approve Provision of Construction Services, Decoration Services and Furniture Services Framework Agreement and Related Annual Caps		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.5 Per Mike Avery

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		3,068,000		3,068,000
		Totals:		3,068,000		3,068,000

Ping An Insurance (Group) Co. of China, Ltd.

Page 9 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
02318	01-Nov-10	Hong Kong	Y69790106	Special	29-Sep-10	385,000	385,000	385,000	0

CUSIP: Y69790106 ISIN: CNE1000003X6 SEDOL: B01FLR7 Proxy Level: N/A Meeting ID: 601635

Voting Policy: Waddell & Reed	Ballot Count: 3	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
Ordinary Business		Mgmt	No
1       Approve Adjustment of Remuneration Domestic Persons of the Company Acting as Independent Non-Executive Directors		Mgmt	Yes	For	For	Refer	For
Client Notes: 2.8a
Special Business		Mgmt	No
2a     Approve Means of Major Asset Restructuring, Object of the Transaction, and Parties to the Transaction		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.5 per M. Avery
2b     Approve Transaction Price and Basis of Pricing Involved in the Major Asset Restructuring		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.5 per M. Avery
2c     Approve Vesting of Profit or Loss from the Relevant Assets from the Base Date of Asset Pricing to the Completion Date		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.5 per M. Avery
2d     Approve Contract Obligations and Default Liabilities under the Transfer of Ownership of Relevant Assets		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.5 per M. Avery
2e     Approve Validity Period of the Resolution of the Major Asset Restructuring		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.5 per M. Avery
3       Approve Supplemental Agreement to the Share Subscription Agreement between the Company and SDB		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.5 per M. Avery
4       Approve Profits Forecast Compensation Agreement between the Company and SDB		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.5 per M. Avery
5       Authorize Board to Process Matter Relating to the Major Asset Restructuring of the Company		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.5 per M. Avery

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		385,000		385,000
		Totals:		385,000		385,000

Page 10 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

China Resources Land Ltd. (frmrly. China Resources Beijing L

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
01109	23-Dec-10	Hong Kong	G2108Y105	Special		0	0	0	0

CUSIP: G2108Y105 ISIN: KYG2108Y1052 SEDOL: 6193766 Proxy Level: N/A Meeting ID: 613009

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Approve Master Lending Agreements and the Related Annual Caps		Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.5 Per Mike Avery

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		0		0
		Totals:		0		0

China Railway Construction Corporation Ltd.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
601186	28-Dec-10	Hong Kong	Y1508P102	Special	26-Nov-10	1,980,500	1,980,500	1,980,500	0

CUSIP: Y1508P102 ISIN: CNE1000009T1 SEDOL: B2PPPG4 Proxy Level: N/A Meeting ID: 610312

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Meng Fengchao as Executive Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Approve Interim Dividend		Mgmt	Yes	For	For	For	For
Client Notes: 3.18
Research Notes: Item 3.18
3       Approve Changes of the Use of the H Share Proceeds		Mgmt	Yes	For	For	Refer	For
Client Notes: 99

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		1,980,500		1,980,500
		Totals:		1,980,500		1,980,500

Page 11 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

China Railway Group Limited

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
601390	27-Jan-11	Hong Kong	Y1509D108	Special	06-Jan-11	3,673,000	3,673,000	3,673,000	0

CUSIP: Y1509D108 ISIN: CNE100000866 SEDOL: B292YZ3 Proxy Level: N/A Meeting ID: 613892

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
Special Business		Mgmt	No
1       Approve Change on the Use of Part of the Proceeds from the H Share Offering of the Company		Mgmt	Yes	For	For	Refer	For
Client Notes: 99
2       Amend Articles of Association of the Company		SH	Yes	None	For	Refer	For
Client Notes: 3.23c
Ordinary Business		Mgmt	No
3a     Elect Li Changjin as Executive Director		SH	Yes	None	For	Refer	For
Client Notes: 2.6a
3b     Elect Bai Zhongren as Executive Director		SH	Yes	None	For	Refer	For
Client Notes: 2.6a
3c     Elect Yao Guiqing as Executive Director		SH	Yes	None	For	Refer	For
Client Notes: 2.6a
3d     Elect Han Xiuguo as Non-Executive Director		SH	Yes	None	For	Refer	For
Client Notes: 2.6a
3e     Elect He Gong as Independent Non-Executive Director		SH	Yes	None	For	Refer	For
Client Notes: 2.6a
3f      Elect Gong Huazhang as Independent Non-Executive Director		SH	Yes	None	For	Refer	For
Client Notes: 2.6a
3g     Elect Wang Taiwen as Independent Non-Executive Director		SH	Yes	None	For	Refer	For
Client Notes: 2.6a
3h     Elect Sun Patrick as Independent Non-Executive Director		SH	Yes	None	For	Refer	For
Client Notes: 2.6a
3i      Elect Wang Qiuming as Shareholder Representative Supervisor		SH	Yes	None	For	Refer	For
Client Notes: 2.6a
3j      Elect Chen Wenxin as Shareholder Representative Supervisor		SH	Yes	None	For	Refer	For
Client Notes: 2.6a

Page 12 of 79

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Special Business	Mgmt	No
4       Approve Issuance of Short Term Bonds in the Principal Amount not Exceeding RMB 19 Billion in Single or Multiple Tranches	SH	Yes	None	For	Refer	For
Client Notes: 99

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		3,673,000		3,673,000
		Totals:		3,673,000		3,673,000

Banco Santander Brasil SA

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
SANB4	28-Jan-11	Brazil	P1505Z137	Special		501,300	501,300	501,300	0

CUSIP: P1505Z137 ISIN: BRSANBACNPR5 SEDOL: 2835578 Proxy Level: N/A Meeting ID: 615253

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Board Chairman		Mgmt	Yes	For	For	Refer	For
Client Notes: 2.6a
2       Elect Board Vice-Chairman		Mgmt	Yes	For	For	Refer	For
Client Notes: 2.6a
3       Confirm Board Composition		Mgmt	Yes	For	For	Refer	For
Client Notes: 2.1b

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		501,300		501,300
		Totals:		501,300		501,300

Apple Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
AAPL	23-Feb-11	USA	037833100	Annual	27-Dec-10	98,900	98,900	98,900	0

CUSIP: 037833100 ISIN: US0378331005 SEDOL: 2046251 Proxy Level: 3 Meeting ID: 616447

Voting Policy: Waddell & Reed Ballot Count: 1 Proponent Votable Proposal Mgmt Rec ISS Rec Policy Rec Vote Instruction

Page 13 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

1.1    Elect Director William V. Campbell	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director Millard S. Drexler	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.3    Elect Director Albert A. Gore, Jr.	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.4    Elect Director Steven P. Jobs	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.5    Elect Director Andrea Jung	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.6    Elect Director Arthur D. Levinson	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.7    Elect Director Ronald D. Sugar	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       Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	Refer	For
Client Notes: 5.1d
4       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
5       Adopt Policy on Succession Planning	SH	Yes	Against	For	Refer	Against
Client Notes: 99: per Zack Shafran

Page 14 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

6       Require a Majority Vote for the Election of Directors	SH	Yes	Against	For	For	For
Client Notes: 7.6a
Research Notes: Item 7.6a - We will vote FOR proposals requiring a majority of votes, as long as the proposal has a back-up plan for those cases where no one receives a majority of the votes.

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		98,900		98,900
		Totals:		98,900		98,900

Shangri-la Asia Ltd.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
00069	28-Feb-11	Hong Kong	G8063F106	Special		876,000	876,000	876,000	0

CUSIP: G8063F106 ISIN: BMG8063F1068 SEDOL: 6771032 Proxy Level: N/A Meeting ID: 619340

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Reelect Gregory Allan Dogan as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Approve Shenyang SPA, Shenyang JV Agreement and Related Transactions		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.5 Per Mike Avery

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		876,000		876,000
		Totals:		876,000		876,000

Hyundai Motor Co.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
005380	11-Mar-11	South Korea	Y38472109	Annual	31-Dec-10	243,600	243,600	243,600	0

CUSIP: Y38472109 ISIN: KR7005380001 SEDOL: 6451055 Proxy Level: N/A Meeting ID: 618620

Voting Policy: Waddell & Reed Ballot Count: 1 Proponent Votable
Proposal Mgmt Rec ISS Rec Policy Rec Vote
Instruction

Page 15 of 79

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Report was run from: 7/1/09 to 6/30/10 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

1       Approve Appropriation of Income and Dividend of KRW 1,500 per Common Share	Mgmt	Yes	For	For	For	For
Client Notes: 3.18
Research Notes: Item 3.18
2       Elect Two Inside Directors and Two Outside Directors (Bundled)	Mgmt	Yes	For	Against	Refer	For
Client Notes: 2.6a
3       Elect Oh Se-Bin as Member of Audit Committee	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.6a
4       Amend Articles of Incorporation	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.23c
5       Approve Total Remuneration of Inside Directors and Outside 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
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		243,600		243,600
		Totals:		243,600		243,600

LVMH Moet Hennessy Louis Vuitton

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
MC	31-Mar-11	France	F58485115	Annual/Special	28-Mar-11	164,500	164,500	164,500	0

CUSIP: F58485115 ISIN: FR0000121014 SEDOL: 4061412 Proxy Level: N/A Meeting ID: 613534

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
Ordinary Business		Mgmt	No
1       Approve Financial Statements and Statutory Reports		Mgmt	Yes	For	For	For	For
Client Notes: 3.24
Research Notes: Item 3.24
2       Accept Consolidated Financial Statements and Statutory Reports		Mgmt	Yes	For	For	For	For
Client Notes: 3.24
Research Notes: Item 3.24
3       Approve Auditors’ Special Report on Related-Party Transactions		Mgmt	Yes	For	Against	Refer	Against
Client Notes: 3.5 Lack of disclosure

Page 16 of 47

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

4       Approve Allocation of Income and Dividends of EUR 2.10 per Share	Mgmt	Yes	For	For	For	For
Client Notes: 3.18
Research Notes: Item 3.18
5       Elect Delphine Arnault as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Elect Nicolas Bazire as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Elect Antonio Belloni as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8       Elect Charles de Croisset as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Elect Diego Della Valle as Director	Mgmt	Yes	For	Against	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
10     Elect Pierre Gode as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11     Elect Gilles Hennessy as Director	Mgmt	Yes	For	Against	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
12     Elect Marie-Josee Kravis as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
13     Appoint Patrick Houel as Censor	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.6a
14     Authorize Repurchase of Up to 10 Percent of Issued Share Capital	Mgmt	Yes	For	For	For	For
Client Notes: 3.21a
Research Notes: Item 3.21a

Page 17 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

15     Authorize Capitalization of Reserves of Up to EUR 50 Million for Bonus Issue or Increase in Par Value	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.18a
Extraordinary Business	Mgmt	No
16     Approve Reduction in Share Capital via Cancellation of Repurchased Shares	Mgmt	Yes	For	For	For	For
Client Notes: 3.22a
Research Notes: Item 3.22a
17     Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 50 Million	Mgmt	Yes	For	For	For	For
Client Notes: 3.9b
Research Notes: Item 3.9b
18     Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 50 Million	Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.9b Per Zack Shafran
19     Approve Issuance of Shares up to 20 Percent of Issued Capital Per Year for a Private Placement up to EUR 50 Million Reserved for Qualified Investors or Restricted Number of Investors	Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.9b Per Zack Shafran
20     Authorize Board to Set Issue Price for 10 Percent Per Year of Issued Capital Pursuant to Issue Authority without Preemptive Rights under Items 18 and 19 Above	Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.9b Per Zack Shafran
21     Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above	Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.9b Per Zack Shafran
22     Authorize Capital Increase of Up to EUR 50 Million for Future Exchange Offers	Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.9b Per Zack Shafran
23     Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions	Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.9b
24     Approve Employee Stock Purchase Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.3b
25     Set Total Limit for Capital Increase to Result from All Issuance Requests Above at EUR 50 Million	Mgmt	Yes	For	For	For	For
Client Notes: 3.9b
Research Notes: Item 3.9b

Page 18 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

26     Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plan	Mgmt	Yes	For	Against	Refer	For
Client Notes: 4.1

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		164,500		164,500
		Totals:		164,500		164,500

Schlumberger Limited

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
SLB	06-Apr-11	NetherlandsAntilles	806857108	Annual	16-Feb-11	314,600	314,600	314,600	0

CUSIP: 806857108 ISIN: AN8068571086 SEDOL: 2779201 Proxy Level: N/A Meeting ID: 622547

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director Philippe Camus		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director Peter L.S. Currie		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.3    Elect Director Andrew Gould		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.4    Elect Director Tony Isaac		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.5    Elect Director K. Vaman Kamath		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.6    Elect Director Nikolay Kudryavtsev		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 19 of 79

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1.7      Elect Director Adrian Lajous	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.8      Elect Director Michael E. Marks	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.9      Elect Director Elizabeth Moler	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.10    Elect Director Leo Rafael Reif	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.11    Elect Director Tore I. Sandvold	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.12    Elect Director Henri Seydoux	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.13    Elect Director Paal Kibsgaard	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.14    Elect Director Lubna S. Olayan	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	Refer	For
Client Notes: 5.1d
3          Advisory Vote on Say on Pay Frequency	Mgmt	Yes	Two Years	One Year	One Year	One Year
Client Notes: 5.5b
Research Notes: Item 5.5b
4          Increase Authorized Common Stock	Mgmt	Yes	For	For	For	For
Client Notes: 3.6
Research Notes: Item 3.6
5          Adopt Plurality Voting for Contested Election of Directors	Mgmt	Yes	For	For	Refer	For
Client Notes: 7.6a

Page 20 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

6       Adopt and Approve Financials and Dividends	Mgmt	Yes	For	For	For	For
Client Notes: 1.3a
Research Notes: Item 1.3a
7       Ratify PricewaterhouseCoopers LLP as Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		314,600		314,600
		Totals:		314,600		314,600

Volvo AB

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
VOLVB	06-Apr-11	Sweden	928856301	Annual	31-Mar-11	1,104,400	1,104,400	1,104,400	0

CUSIP: 928856301 ISIN: SE0000115446 SEDOL: B1QH830 Proxy Level: N/A Meeting ID: 614565

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Open Meeting		Mgmt	No
2       Elect Sven Unger as Chairman of Meeting		Mgmt	Yes	For	For	For	For
Client Notes: 2.13
Research Notes: Item 2.13
3       Prepare and Approve List of Shareholders		Mgmt	Yes	For	For	For	For
Client Notes: 2.14a
Research Notes: Item 2.14a
4       Approve Agenda of Meeting		Mgmt	Yes	For	For	For	For
Client Notes: 2.14a
Research Notes: Item 2.14a
5       Designate Inspector(s) of Minutes of Meeting		Mgmt	Yes	For	For	For	For
Client Notes: 2.14a
Research Notes: Item 2.14a
6       Acknowledge Proper Convening of Meeting		Mgmt	Yes	For	For	For	For
Client Notes: 2.14a
Research Notes: Item 2.14a

Page 21 of 79

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7       Receive Board and Committee Reports	Mgmt	No
8       Receive Financial Statements and Statutory Reports; Receive Auditor’s Report; Receive CEO’s Review	Mgmt	No
9       Approve Financial Statements and Statutory Reports	Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24
10     Approve Allocation of Income and Dividends of SEK 2.50 per Share	Mgmt	Yes	For	For	For	For
Client Notes: 3.18
Research Notes: Item 3.18
11     Approve Discharge of Board and President	Mgmt	Yes	For	For	For	For
Client Notes: 3.25
Research Notes: Item 3.25
12     Determine Number of Members (9) and Deputy Members (0) of Board	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.1b
13     Approve Remuneration of Directors in the Amount of SEK 1.8 Million for the Chairman and SEK 600,000 for Other Members; Approve Remuneration for Committee Work	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.8a
14     Reelect Peter Bijur, Jean-Baptiste Duzan, Leif Johansson, Hanne de Mora, Anders Nyren, Louis Schweitzer (Chair), Ravi Venkatesan, Lars Westerberg, and Ying Yeh as Directors	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
15     Elect Louis Schweitzer, Jean-Baptiste Duzan, Carl-Olof By, Lars Forberg, and Hakan Sandberg as Members of Nominating Committee; Approve Omission of Remuneration of Nominating Committee	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.6a
16     Approve Remuneration Policy And Other Terms of Employment For Executive Management	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.11
Shareholder Proposals	Mgmt	No
17     Amend Articles Re: Share Classes and Share Limits; Allow Voluntary Conversion of Class-A Shares into Class-B Shares	SH	Yes	None	For	Refer	For
Client Notes: 3.23c
Management Proposals	Mgmt	No
18a   Approve 2011-2013 Share Matching Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1

Page 22 of 79

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18b     Approve Transfer of Shares to Participants of the 2011-2013 Share Matching Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		1,104,400		1,104,400
		Totals:		1,104,400		1,104,400

ASML Holding NV

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
N/A	20-Apr-11	Netherlands	N07059178	Annual	23-Mar-11	318,700	318,700	318,700	0

CUSIP: N07059178 ISIN: NL0006034001 SEDOL: 5949368 Proxy Level: N/A Meeting ID: 612942

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
AnnualMeeting		Mgmt	No
1       Open Meeting		Mgmt	No
2       Discuss the Company’s Business and Finacial Situation		Mgmt	No
3       Approve Financial Statements and Statutory Reports		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24
4       Approve Discharge of Management Board		Mgmt	Yes	For	For	For	For
Client Notes: 3.25
Research Notes: Item 3.25
5       Approve Discharge of Supervisory Board		Mgmt	Yes	For	For	For	For
Client Notes: 3.25
Research Notes: Item 3.25
6       Receive Explanation on Company’s Reserves and Dividend Policy		Mgmt	No
7       Approve Dividends of EUR 0.40 Per Share		Mgmt	Yes	For	For	For	For
Client Notes: 3.18
Research Notes: Item 3.18
8       Amend Articles Re: Legislative Changes		Mgmt	Yes	For	For	For	For
Client Notes: 3.23b
Research Notes: Item 3.2a

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9          Approve the Numbers of Stock Options, Respectively Shares for Employees	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
10a     Reelect W.T. Siegle to Supervisory Board	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
10b     Reelect J.W.B. Westerburgen to Supervisory Board	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11       Announcement of Retirement of Supervisory Board Members O. Bilous, F.W. Froehlich, A.P.M. van der Poel by Rotation in 2012.	Mgmt	No
12       Approve Remuneration of Supervisory Board	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.8a
13a     Grant Board Authority to Issue Shares Up to 5 Percent of Issued Capital	Mgmt	Yes	For	For	For	For
Client Notes: 3.9b
Research Notes: Item 3.9b
13b     Authorize Board to Exclude Preemptive Rights from Issuance under Item 13a	Mgmt	Yes	For	For	For	For
Client Notes: 3.9b
Research Notes: Item 3.9b
13c     Grant Board Authority to Issue Additional Shares of up to 5 Percent in Case of Takeover/Merger	Mgmt	Yes	For	For	For	For
Client Notes: 3.9b
Research Notes: Item 3.9b
13d     Authorize Board to Exclude Preemptive Rights from Issuance under Item 13c	Mgmt	Yes	For	For	For	For
Client Notes: 3.9b
Research Notes: Item 3.9b
14       Authorize Repurchase Shares	Mgmt	Yes	For	For	For	For
Client Notes: 3.21a
Research Notes: Item 3.21a
15       Authorize Cancellation of Repurchased Shares	Mgmt	Yes	For	For	For	For
Client Notes: 3.22a
Research Notes: Item 3.22a
16       Authorize Additionnal Cancellation of Repurchased Shares	Mgmt	Yes	For	For	For	For
Client Notes: 3.22a
Research Notes: Item 3.22a

Page 24 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

17     Other Business	Mgmt	No
18     Close Meeting	Mgmt	No

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account		Ballot Status		Available		Voted
90 Ivy VIP Asset Strategy, 90		610592862		Confirmed		318,700		318,700
				Totals:		318,700		318,700

Teck Resources Limited

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
TCK.B	20-Apr-11	Canada	878742204	Annual	01-Mar-11	126,200	126,200	126,200	0

CUSIP: 878742204 ISIN: CA8787422044 SEDOL: 2879327 Proxy Level: 2 Meeting ID: 619289

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
Meeting for Class A Common Shares and Class B Subordinate Voting Shareholders		Mgmt	No
1.1    Elect I. Abe as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect M.M. Ashar as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.3    Elect J. B. Aune as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.4    Elect J. H. Bennett as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.5    Elect H. J. Bolton as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.6    Elect F. P. Chee as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 25 of 79

Vote Summary Report   Report was run from: 6/30/10 to 7/1/11   Location(s): Waddell & Reed Investment Management Company   Institution Account(s): 90 Ivy VIP Asset Strategy

1.7      Elect J. L. Cockwell as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.8      Elect N. B. Keevil as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.9      Elect N. B. Keevil III as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.10    Elect T. Kuriyama as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.11    Elect D. R. Lindsay as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.12    Elect J. G. Rennie as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.13    Elect W.S.R. Seyffert as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.14    Elect C. M. Thompson as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2          Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
3          Advisory Vote on Executive Compensation Approach	Mgmt	Yes	For	For	Refer	For
Client Notes: 5.1d

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		126,200		126,200
		Totals:		126,200		126,200

Page 26 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

Honeywell International Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
HON	25-Apr-11	USA	438516106	Annual	25-Feb-11	233,500	233,500	233,500	0

CUSIP: 438516106 ISIN: US4385161066 SEDOL: 2020459 Proxy Level: 3 Meeting ID: 627647

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Gordon M. Bethune		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director Kevin Burke		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director Jaime Chico Pardo		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Elect Director David M. Cote		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Elect Director D. Scott Davis		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Elect Director Linnet F. Deily		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Elect Director Judd Gregg		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8       Elect Director Clive R. Hollick		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Elect Director George Paz		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 27 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

10     Elect Director Bradley T. Sheares	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11     Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
12     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Client Notes: 5.1d
Research Notes: Item 5.1d
13     Advisory Vote on Say on Pay Frequency	Mgmt	Yes	One Year	One Year	One Year	One Year
Client Notes: 5.5d
Research Notes: Item 5.5b
14     Approve Omnibus Stock Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
15     Amend Executive Incentive Bonus Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
16     Provide Right to Act by Written Consent	SH	Yes	Against	For	For	For
Client Notes: 3.3b
Research Notes: Item 3.3b
17     Amend Articles/Bylaws/Charter -- Call Special Meetings	SH	Yes	Against	For	For	For
Client Notes: 3.2b
Research Notes: Item 3.2b

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		233,500		233,500
		Totals:		233,500		233,500

Mead Johnson Nutrition Company

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted		Shares Instructed	Shares Available		Shares on Loan
MJN	26-Apr-11	USA	582839106	Annual	11-Mar-11		200,400	200,400		200,400	0

CUSIP: 582839106 ISIN: US5828391061 SEDOL: B4W9F29 Proxy Level: 3 Meeting ID: 631138

Voting Policy: Waddell & Reed Ballot Count: 1 Proponent Votable
Proposal Mgmt Rec ISS Rec Policy Rec Vote
Instruction

Page 28 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

1.1      Elect Director Stephen W. Golsby	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.2      Elect Director Steven M. Altschuler	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.3      Elect Director Howard B. Bernick	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.4      Elect Director Kimberly A. Casiano	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.5      Elect Director Anna C. Catalano	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.6      Elect Director Celeste A. Clark	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.7      Elect Director James M. Cornelius	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.8      Elect Director Peter G. Ratcliffe	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.9      Elect Director Elliott Sigal	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.10    Elect Director Robert S. Singer	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
2          Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Research Notes: Item 5.1d
3          Advisory Vote on Say on Pay Frequency	Mgmt	Yes	One Year	One Year	One Year	One Year
Research Notes: Item 5.5b
4          Ratify Auditors	Mgmt	Yes	For	For	For	For
Research Notes: Item 3.1a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		200,400		200,400
		Totals:		200,400		200,400

Page 29 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

Eaton Corporation

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
ETN	27-Apr-11	USA	278058102	Annual	28-Feb-11	96,100	96,100	96,100	0

CUSIP: 278058102 ISIN: US2780581029 SEDOL: 2300883 Proxy Level: 3 Meeting ID: 630146

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director George S. Barrett		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
2       Elect Director Todd M. Bluedorn		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
3       Elect Director Ned C. Lautenbach		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
4       Elect Director Gregory R. Page		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
5       Declassify the Board of Directors		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.4b
6       Eliminate Cumulative Voting		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.5
7       Ratify Auditors		Mgmt	Yes	For	For	For	For
Research Notes: Item 3.1a
8       Advisory Vote to Ratify Named Executive Officers’ Compensation		Mgmt	Yes	For	For	For	For
Research Notes: Item 5.1d
9       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
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		96,100		96,100
		Totals:		96,100		96,100

Allergan, Inc.

Page 30 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
AGN	03-May-11	USA	018490102	Annual	04-Mar-11	64,800	64,800	64,800	0

CUSIP: 018490102 ISIN: US0184901025 SEDOL: 2017213 Proxy Level: 3 Meeting ID: 627256

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Deborah Dunsire		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director Trevor M. Jones		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director Louis J. Lavigne, Jr.		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Ratify Auditors		Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
5       Advisory Vote to Ratify Named Executive Officers’ Compensation		Mgmt	Yes	For	For	For	For
Client Notes: 5.1d
Research Notes: Item 5.1d
6       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
7       Approve Executive Incentive Bonus Plan		Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
8       Approve Omnibus Stock Plan		Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
9       Declassify the Board of Directors		Mgmt	Yes	For	For	For	For
Client Notes: 2.4b
Research Notes: Item 2.4b

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		64,800		64,800
		Totals:		64,800		64,800

Page 31 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

Broadcom Corporation

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
BRCM	05-May-11	USA	111320107	Annual	07-Mar-11	332,100	332,100	332,100	0

CUSIP: 111320107 ISIN: US1113201073 SEDOL: 2235822 Proxy Level: 3 Meeting ID: 630680

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director Nancy H. Handel		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.2    Elect Director Eddy W. Hartenstein		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.3    Elect Director Maria Klawe		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.4    Elect Director John E. Major		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.5    Elect Director Scott A. McGregor		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.6    Elect Director William T. Morrow		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.7    Elect Director Henry Samueli		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.8    Elect Director John A.C. Swainson		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.9    Elect Director Robert E. Switz		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
2       Advisory Vote to Ratify Named Executive Officers’ Compensation		Mgmt	Yes	For	For	For	For
Research Notes: Item 5.1d
3       Advisory Vote on Say on Pay Frequency		Mgmt	Yes	Three Years	One Year	One Year	One Year
Research Notes: Item 5.5b
4       Ratify Auditors		Mgmt	Yes	For	For	For	For
Research Notes: Item 3.1a

Page 32 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		332,100		332,100
		Totals:		332,100		332,100

Standard Chartered plc

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
STAN	05-May-11	United Kingdom	G84228157	Annual	03-May-11	950,507	950,507	950,507	0

CUSIP: G84228157 ISIN: GB0004082847 SEDOL: 0408284 Proxy Level: N/A Meeting ID: 622529

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Accept Financial Statements and Statutory Reports		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
2       Approve Final Dividend		Mgmt	Yes	For	For	For	For
Client Notes: 3.18a
Research Notes: Item 3.18a
3       Approve Remuneration Report		Mgmt	Yes	For	Abstain	Refer	For
Client Notes: 2.8c
4       Re-elect Steve Bertamini as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Re-elect Jaspal Bindra as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Re-elect Richard Delbridge as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Re-elect Jamie Dundas as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 33 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

8       Re-elect Val Gooding as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Re-elect Dr Han Seung-soo as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
10     Re-elect Simon Lowth as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11     Re-elect Rudy Markham as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
12     Re-elect Ruth Markland as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
13     Re-elect Richard Meddings as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
14     Re-elect John Paynter as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
15     Re-elect John Peace as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
16     Re-elect Mike Rees as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
17     Re-elect Peter Sands as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
18     Re-elect Paul Skinner as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 34 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

19     Re-elect Oliver Stocken as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
20     Reappoint KPMG Audit plc as Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
21     Authorise Board to Fix Remuneration of Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
22     Authorise EU Political Donations and Expenditure	Mgmt	Yes	For	For	For	For
Client Notes: 7.2a
Research Notes: Item 7.2a
23     Authorise Issue of Equity with Pre-emptive Rights	Mgmt	Yes	For	For	For	For
Client Notes: 3.9a
Research Notes: Item 3.9a
24     Authorise Issue of Equity with Pre-emptive Rights	Mgmt	Yes	For	For	For	For
Client Notes: 3.9a
Research Notes: Item 3.9a
25     Approve 2011 Share Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
26     Authorise Issue of Equity without Pre-emptive Rights	Mgmt	Yes	For	For	For	For
Client Notes: 3.9b
Research Notes: Item 3.9b
27     Authorise Market Purchase	Mgmt	Yes	For	For	For	For
Client Notes: 3.21a
Research Notes: Item 3.21a
28     Authorise Market Purchase	Mgmt	Yes	For	For	For	For
Client Notes: 3.21a
Research Notes: Item 3.21a
29     Authorise the Company to Call EGM with Two Weeks’ Notice	Mgmt	Yes	For	For	For	For
Client Notes: 3.2c
Research Notes: Item 3.2c

Page 35 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		950,507		950,507
		Totals:		950,507		950,507

Starwood Hotels & Resorts Worldwide, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
HOT	05-May-11	USA	85590A401	Annual	10-Mar-11	510,800	510,800	510,800	0

CUSIP: 85590A401 ISIN: US85590A4013 SEDOL: B12GHV2 Proxy Level: 3 Meeting ID: 631118

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1      Elect Director Adam M. Aron		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.2      Elect Director Charlene Barshefsky		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.3      Elect Director Thomas E. Clarke		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.4      Elect Director Clayton C. Daley, Jr.		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.5      Elect Director Bruce W. Duncan		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.6      Elect Director Lizanne Galbreath		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.7      Elect Director Eric Hippeau		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.8      Elect Director Stephen R. Quazzo		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.9      Elect Director Thomas O. Ryder		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.10    Elect Director Frits van Paasschen		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a

Page 36 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

1.11    Elect Director Kneeland C. Youngblood	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	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
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		510,800		510,800
		Totals:		510,800		510,800

The Goldman Sachs Group, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
GS	06-May-11	USA	38141G104	Annual	07-Mar-11	101,300	101,300	101,300	0

CUSIP: 38141G104 ISIN: US38141G1040 SEDOL: 2407966 Proxy Level: 3 Meeting ID: 636407

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Lloyd C. Blankfein		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director John H. Bryan		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director Gary D. Cohn		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Elect Director Claes Dahlback		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 37 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

5       Elect Director Stephen Friedman	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Elect Director William W. George	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Elect Director James A. Johnson	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8       Elect Director Lois D. Juliber	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Elect Director Lakshmi N. Mittal	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
10     Elect Director James J. Schiro	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	Against	Refer	For
Client Notes: 5.1d per Zack Shafran
12     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
13     Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
14     Provide for Cumulative Voting	SH	Yes	Against	For	Against	Against
Client Notes: 2.5
Research Notes: Item 2.5
15     Amend Bylaws -- Call Special Meetings	SH	Yes	Against	For	For	For
Client Notes: 3.2b
Research Notes: Item 3.2b
16     Stock Retention/Holding Period	SH	Yes	Against	For	Refer	Against
Client Notes: 4.4

Page 38 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

17     Review Executive Compensation	SH	Yes	Against	Against	Refer	Against
Client Notes: 5.5a
18     Report on Climate Change Business Risks	SH	Yes	Against	Against	Refer	Against
Client Notes: 5.4
Research Notes: Item 6.2
19     Report on Political Contributions	SH	Yes	Against	Against	Against	Against
Client Notes: 7.2b
Research Notes: Item 7.2b

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		101,300		101,300
		Totals:		101,300		101,300

Cummins Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
CMI	10-May-11	USA	231021106	Annual	14-Mar-11	131,600	131,600	131,600	0

CUSIP: 231021106 ISIN: US2310211063 SEDOL: 2240202 Proxy Level: 3 Meeting ID: 631993

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Theodore M. Solso		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
2       Elect Director N. Thomas Linebarger		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
3       Elect Director William I. Miller		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
4       Elect Director Alexis M. Herman		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
5       Elect Director Georgia R. Nelson		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
6       Elect Director Carl Ware		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a

Page 39 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

7       Elect Director Robert K. Herdman	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
8       Elect Director Robert J. Bernhard	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
9       Elect Director Franklin R. Chang-Diaz	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
10     Elect Director Stephen B. Dobbs	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
11     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Research Notes: Item 5.1d
12     Advisory Vote on Say on Pay Frequency	Mgmt	Yes	One Year	One Year	One Year	One Year
Research Notes: Item 5.5b
13     Ratify Auditors	Mgmt	Yes	For	For	For	For
Research Notes: Item 3.1a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		131,600		131,600
		Totals:		131,600		131,600

ConocoPhillips

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
COP	11-May-11	USA	20825C104	Annual	14-Mar-11	506,100	506,100	506,100	0

CUSIP: 20825C104 ISIN: US20825C1045 SEDOL: 2685717 Proxy Level: 3 Meeting ID: 634412

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Richard L. Armitage		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director Richard H. Auchinleck		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 40 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

3       Elect Director James E. Copeland, Jr.	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Elect Director Kenneth M. Duberstein	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Elect Director Ruth R. Harkin	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Elect Director Harold W. McGraw III	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Elect Director James J. Mulva	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8       Elect Director Robert A. Niblock	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Elect Director Harald J. Norvik	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
10     Elect Director William K. Reilly	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11     Elect Director Victoria J. Tschinkel	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
12     Elect Director Kathryn C. Turner	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
13     Elect Director William E. Wade, Jr.	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 41 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

14     Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
15     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	Against	Refer	For
Client Notes: 5.1d Per ZHS
16     Advisory Vote on Say on Pay Frequency	Mgmt	Yes	None	One Year	One Year	One Year
Client Notes: 5.5b
Research Notes: Item 5.5b
17     Approve Omnibus Stock Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
18     Amend EEO Policy to Prohibit Discrimination based on Gender Identity	SH	Yes	Against	For	Refer	Against
Client Notes: 6.1
19     Report on Political Contributions	SH	Yes	Against	For	Against	Against
Client Notes: 7.2b
Research Notes: Item 7.2b
20     Report on Lobbying Expenses	SH	Yes	Against	For	Against	Against
Client Notes: 7.2b
Research Notes: Item 7.2b
21     Report on Accident Risk Reduction Efforts	SH	Yes	Against	Against	Refer	Against
Client Notes: 6.2
22     Adopt Policy to Address Coastal Louisiana Environmental Impacts	SH	Yes	Against	Against	Refer	Against
Client Notes: 6.2
Research Notes: Item 6.2
23     Adopt Quantitative GHG Goals for Products and Operations	SH	Yes	Against	For	Refer	Against
Client Notes: 6.2
Research Notes: Item 6.2
24     Report on Financial Risks of Climate Change	SH	Yes	Against	Against	Refer	Against
Client Notes: 6.2
Research Notes: Item 6.2
25     Report on Environmental Impact of Oil Sands Operations in Canada	SH	Yes	Against	For	Refer	Against
Client Notes: 6.2
Research Notes: Item 6.2

Page 42 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		506,100		506,100
		Totals:		506,100		506,100

Philip Morris International Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
PM	11-May-11	USA	718172109	Annual	15-Mar-11	292,100	292,100	292,100	0

CUSIP: 718172109 ISIN: US7181721090 SEDOL: B2PKRQ3 Proxy Level: 3 Meeting ID: 632784

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Harold Brown		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director Mathis Cabiallavetta		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director Louis C. Camilleri		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Elect Director J. Dudley Fishburn		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Elect Director Jennifer Li		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Elect Director Graham Mackay		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Elect Director Sergio Marchionne		Mgmt	Yes	For	Against	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 43 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

8       Elect Director Lucio A. Noto	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Elect Director Carlos Slim Helu	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
10     Elect Director Stephen M. Wolf	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11     Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
12     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Client Notes: 5.1d
Research Notes: Item 5.1d
13     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
14     Report on Effect of Marketing Practices on the Poor	SH	Yes	Against	Against	Refer	Against
Client Notes: 5.4
15     Require Independent Board Chairman	SH	Yes	Against	Against	Refer	For
Client Notes: 2.12
Research Notes: Item 2.12

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		292,100		292,100
		Totals:		292,100		292,100

Tencent Holdings Ltd.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
00700	11-May-11	Hong Kong	G87572148	Annual	04-May-11	734,800	734,800	734,800	0

CUSIP: G87572148 ISIN: KYG875721485 SEDOL: B01CT30 Proxy Level: N/A Meeting ID: 633407

Page 44 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Accept Financial Statements and Statutory Reports		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
2       Declare Final Dividend		Mgmt	Yes	For	For	For	For
Client Notes: 3.18a
Research Notes: Item 3.18a
3a1   Reelect Lau Chi Ping Martin as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3a2   Reelect Antonie Andries Roux as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3b     Authorize Board to Fix the Remuneration of Directors		Mgmt	Yes	For	For	Refer	For
Client Notes: 2.8a
Research Notes: Item 2.8a
4       Reappoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
5       Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.9b Per ZHS
6       Authorize Repurchase of Up to 10 Percent of Issued Share Capital		Mgmt	Yes	For	For	For	For
Client Notes: 3.21a
Research Notes: Item 3.21a
7       Authorize Reissuance of Repurchased Shares		Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.9b Per ZHS
8       Authorize Board to Establish Further Employee Incentive Schemes		Mgmt	Yes	For	Against	Refer	Against
Client Notes: 4.1 Lack of Information

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		734,800		734,800
		Totals:		734,800		734,800

Page 45 of 79

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ARM Holdings plc

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
ARM	12-May-11	United Kingdom	G0483X122	Annual	04-Apr-11	111,700	111,700	111,700	0

CUSIP: G0483X122 ISIN: GB0000595859 SEDOL: 0059585 Proxy Level: N/A Meeting ID: 639978

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
Meeting for ADR Holders		Mgmt	No
1       Accept Financial Statements and Statutory Reports		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
2       Approve Final Dividend		Mgmt	Yes	For	For	For	For
Client Notes: 3.18a
Research Notes: Item 3.18a
3       Approve Remuneration Report		Mgmt	Yes	For	For	Refer	For
Client Notes: 2.8a
4       Elect Larry Hirst as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Elect Janice Roberts as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Elect Andy Green as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Re-elect Doug Dunn as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8       Re-elect Warren East as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 46 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

9       Re-elect Tudor Brown as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
10     Re-elect Mike Inglis as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11     Re-elect Mike Muller as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
12     Re-elect Kathleen O’Donovan as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
13     Re-elect Philip Rowley as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
14     Re-elect Tim Score as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
15     Re-elect Simon Segars as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
16     Re-elect Young Sohn as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
17     Reappoint PricewaterhouseCoopers LLP as Auditors of the Company	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
18     Authorise Board to Fix Remuneration of Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
19     Authorise Issue of Equity with Pre-emptive Rights	Mgmt	Yes	For	For	For	For
Client Notes: 3.9a
Research Notes: Item 3.9a

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

20     Authorise Issue of Equity without Pre-emptive Rights	Mgmt	Yes	For	For	For	For
Client Notes: 3.9b
Research Notes: Item 3.9b
21     Authorise Market Purchase	Mgmt	Yes	For	For	For	For
Client Notes: 3.21a
Research Notes: Item 3.21a
22     Authorise the Company to Call EGM with Two Weeks’ Notice	Mgmt	Yes	For	For	For	For
Client Notes: 3.2c
Research Notes: Item 3.2c

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		111,700		111,700
		Totals:		111,700		111,700

Wynn Macau Ltd.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
01128	17-May-11	Hong Kong	G98149100	Annual		8,025,600	8,025,600	8,025,600	0

CUSIP: G98149100 ISIN: KYG981491007 SEDOL: B4JSTL6 Proxy Level: N/A Meeting ID: 638967

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Accept Financial Statements and Statutory Reports		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
2a     Reelect Linda Chen as Executive Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2b     Reelect Allan Zeman as Non-Executive Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2c     Reelect Bruce Rockowitz as Independent Non-Executive Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

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2d     Authorize Board to Fix Remuneration of Directors	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.8a
Research Notes: Item 2.8a
3       Reappoint Ernst & Young as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
4       Authorize Repurchase of Up to 10 Percent of Issued Share Capital	Mgmt	Yes	For	For	For	For
Client Notes: 3.21a
Research Notes: Item 3.21a
5       Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.9c
6       Authorize Reissuance of Repurchased Shares	Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.9c

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		8,025,600		8,025,600
		Totals:		8,025,600		8,025,600

Wynn Resorts, Limited

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
WYNN	17-May-11	USA	983134107	Annual	25-Mar-11	612,400	612,400	612,400	0

CUSIP: 983134107 ISIN: US9831341071 SEDOL: 2963811 Proxy Level: 3 Meeting ID: 637780

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director Russell Goldsmith		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director Robert J. Miller		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.3    Elect Director Kazuo Okada		Mgmt	Yes	For	Withhold	Refer	For
Client Notes: 2.6a

Page 49 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

1.4    Elect Director Allan Zeman	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	Against	Refer	For
Client Notes: 5.1d per Zack Shafran
3       Advisory Vote on Say on Pay Frequency	Mgmt	Yes	None	One Year	One Year	Three Years
Client Notes: 5.5b per Ryan Caldwell
Research Notes: Item 5.5b
4       Amend Omnibus Stock Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
5       Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
6       Require a Majority Vote for the Election of Directors	SH	Yes	Against	For	For	Against
Client Notes: 7.6b per Zack Shafran
Research Notes: Item 7.6a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		612,400		612,400
		Totals:		612,400		612,400

Cathay Pacific Airways Ltd

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
00293	18-May-11	Hong Kong	Y11757104	Annual	12-May-11	2,990,000	2,990,000	2,990,000	0

CUSIP: Y11757104 ISIN: HK0293001514 SEDOL: 6179755 Proxy Level: N/A Meeting ID: 635550

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Declare Final Dividend		Mgmt	Yes	For	For	For	For
Client Notes: 3.18a
Research Notes: Item 3.18a

Page 50 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

2a     Reelect James Wyndham John Hughes-Hallett as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2b     Reelect John Robert Slosar as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2c     Elect William Edward James Barrington as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2d     Elect Chu Kwok Leung Ivan as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2e     Elect Merlin Bingham Swire as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Reappoint KPMG as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	Against	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
4       Authorize Repurchase of Up to 10 Percent of Issued Share Capital	Mgmt	Yes	For	For	For	For
Client Notes: 3.21a
Research Notes: Item 3.21a
5       Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.9c per Ryan Caldwell
6       Approve Directors’ Fees	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.8a
Research Notes: Item 2.8a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		2,990,000		2,990,000
		Totals:		2,990,000		2,990,000

China Pacific Insurance (Group) Co., Ltd

Page 51 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
601601	18-May-11	China	Y1505R119	Annual	15-Apr-11	6,366,580	6,366,580	6,366,580	0

CUSIP: Y1505R119 ISIN: CNE1000008M8 SEDOL: B29WFR2 Proxy Level: N/A Meeting ID: 635510

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
MEETING FOR HOLDERS OF H SHARES		Mgmt	No
1       Approve 2010 Directors’ Report		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
2       Approve 2010 Supervisors’ Report		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
3       Approve 2010 Annual Report and Annual Report Summary of A Shares		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
4       Approve 2010 Annual Report of H Shares		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
5       Approve 2010 Financial Statements Report		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
6       Approve 2010 Allocation of Income and Dividends		Mgmt	Yes	For	For	For	For
Client Notes: 3.18a
Research Notes: Item 3.18a
7       Approve to Appoint Company’s 2011 Audit Firm		Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
8       Approve Remuneration Management System of Directors and Supervisors		Mgmt	Yes	For	For	Refer	For
Client Notes: 2.8a
Research Notes: Item 2.8a
9       Approve 2010 Directors’ Due Diligence Report		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a

Page 52 of 79

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10     Approve 2010 Report on Performance of Independent Directors	Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
11     Amend Articles of Association	Mgmt	Yes	For	For	For	For
Client Notes: 3.23b
Research Notes: Item 3.23b
12     Approve to Amend Rules and Procedures Regarding Shareholder’s Meeting	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.23b
13     Approve Authorization to the Board With the General Mandate on the Issue of New Shares	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.23b
14     Approve Amendments to the Company’s Connected Transaction Management Measures For H Shares	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.23b

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		6,366,580		6,366,580
		Totals:		6,366,580		6,366,580

Juniper Networks, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
JNPR	18-May-11	USA	48203R104	Annual	24-Mar-11	376,900	376,900	376,900	0

CUSIP: 48203R104 ISIN: US48203R1041 SEDOL: 2431846 Proxy Level: 3 Meeting ID: 638270

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director Mary B. Cranston		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director Kevin R. Johnson		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 53 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

1.3    Elect Director J. Michael Lawrie	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.4    Elect Director David Schlotterbeck	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: 4.1
4       Amend Omnibus Stock Plan	Mgmt	Yes	For	Against	Refer	For
Client Notes: 4.1
5       Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Client Notes: 5.1d
Research Notes: Item 5.1d
6       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
7       Declassify the Board of Directors	SH	Yes	None	For	For	For
Client Notes: 2.4b
Research Notes: Item 2.4b

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		376,900		376,900
		Totals:		376,900		376,900

Li & Fung Limited

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
00494	18-May-11	Hong Kong	G5485F144	Annual	09-May-11	1,596,200	1,596,200	1,596,200	0

CUSIP: G5485F144 ISIN: BMG5485F1445 SEDOL: 6286257 Proxy Level: N/A Meeting ID: 632702

Voting Policy: Waddell & Reed Ballot Count: 1 Proponent Votable
Proposal Mgmt Rec ISS Rec Policy Rec Vote
Instruction

Page 54 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

1       Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
2       Declare Final Dividend of HK$0.52 Per Share	Mgmt	Yes	For	For	For	For
Client Notes: 3.18a
Research Notes: Item 3.18a
3a     Reelect William Fung Kwok Lun as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3b     Reelect Allan Wong Chi Yun as Director	Mgmt	Yes	For	Against	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3c     Reelect Benedict Chang Yew Teck as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Approve Remuneration of Directors	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.8a
Research Notes: Item 2.8a
5       Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	Against	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
6       Authorize Repurchase of Up to 10 Percent of Issued Share Capital	Mgmt	Yes	For	For	For	For
Client Notes: 3.21a
Research Notes: Item 3.21a
7       Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.9b per Mike Avery
8       Authorize Reissuance of Repurchased Shares	Mgmt	Yes	For	Against	Against	For
Client Notes: 3.6 per Mike Avery
9       Approve Subdivision of Every Issued and Unissued Share of HK$0.025 Each in the Share Capital of the Company into Two Shares of HK$0.0125 Each	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.6 per Mike Avery

Page 55 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		1,596,200		1,596,200
		Totals:		1,596,200		1,596,200

Halliburton Company

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
HAL	19-May-11	USA	406216101	Annual	21-Mar-11	593,400	593,400	593,400	0

CUSIP: 406216101 ISIN: US4062161017 SEDOL: 2405302 Proxy Level: 3 Meeting ID: 635633

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Alan M. Bennett		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
2       Elect Director James R. Boyd		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
3       Elect Director Milton Carroll		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
4       Elect Director Nance K. Dicciani		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
5       Elect Director S. Malcolm Gillis		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
6       Elect Director Abdallah S. Jum’ah		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
7       Elect Director David J. Lesar		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
8       Elect Director Robert A. Malone		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
9       Elect Director J Landis Martin		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
10     Elect Director Debra L. Reed		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a

Page 56 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

11     Ratify Auditors	Mgmt	Yes	For	For	For	For
Research Notes: Item 3.1a
12     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Research Notes: Item 5.1d
13     Advisory Vote on Say on Pay Frequency	Mgmt	Yes	One Year	One Year	One Year	One Year
Research Notes: Item 5.5b
14     Review and Assess Human Rights Policies	SH	Yes	Against	For	Against	Against
Research Notes: Item 6.6
15     Report on Political Contributions	SH	Yes	Against	For	Against	Against
Research Notes: Item 7.2b

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		593,400		593,400
		Totals:		593,400		593,400

National Oilwell Varco, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
NOV	19-May-11	USA	637071101	Annual	28-Mar-11	162,200	162,200	162,200	0

CUSIP: 637071101 ISIN: US6370711011 SEDOL: 2624486 Proxy Level: 3 Meeting ID: 637926

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Robert E. Beauchamp		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
2       Elect Director Jeffery A. Smisek		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
3       Ratify Auditors		Mgmt	Yes	For	For	For	For
Research Notes: Item 3.1a
4       Advisory Vote to Ratify Named Executive Officers’ Compensation		Mgmt	Yes	For	For	For	For
Research Notes: Item 5.1d
5       Advisory Vote on Say on Pay Frequency		Mgmt	Yes	One Year	One Year	One Year	One Year
Research Notes: Item 5.5b

Page 57 of 79

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6       Declassify the Board of Directors	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.4b
7       Increase Authorized Common Stock	Mgmt	Yes	For	For	For	For
Research Notes: Item 3.6
8       Report on Political Contributions	SH	Yes	Against	For	Against	Against
Research Notes: Item 7.2b

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		162,200		162,200
		Totals:		162,200		162,200

Hutchison Whampoa Limited

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
00013	20-May-11	Hong Kong	Y38024108	Annual	12-May-11	1,831,000	1,831,000	1,831,000	0

CUSIP: Y38024108 ISIN: HK0013000119 SEDOL: 6448068 Proxy Level: N/A Meeting ID: 639072

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Accept Financial Statements and Statutory Reports		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
2       Declare Final Dividend		Mgmt	Yes	For	For	For	For
Client Notes: 3.18a
Research Notes: Item 3.18a
3a     Reelect Fok Kin-ning, Canning as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3b     Reelect Kam Hing Lam as Director		Mgmt	Yes	For	Against	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3c     Reelect Holger Kluge as Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

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3d     Reelect William Shurniak as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3e     Reelect Wong Chung Hin as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Appoint Auditor and Authorize Board to Fix Remuneration	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
5a     Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.9c per Zack Shafran
5b     Authorize Repurchase of Up to 10 Percent of Issued Share Capital	Mgmt	Yes	For	For	For	For
Client Notes: 3.21a
Research Notes: Item 3.21a
5c     Authorize Reissuance of Repurchased Shares	Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.9c per Zack Shafran
6       Approve Amendments to the Articles of Association	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.23c
Research Notes: Item 3.23c

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		1,831,000		1,831,000
		Totals:		1,831,000		1,831,000

BOC Hong Kong (Holdings) Ltd.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
02388	25-May-11	Hong Kong	Y0920U103	Annual	19-May-11	4,546,500	4,546,500	4,546,500	0

CUSIP: Y0920U103 ISIN: HK2388011192 SEDOL: 6536112 Proxy Level: N/A Meeting ID: 639547

Voting Policy: Waddell & Reed Ballot Count: 1 Proponent Votable
Proposal Mgmt Rec ISS Rec Policy Rec Vote
Instruction

Page 59 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

1       Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
2       Declare Final Dividend of HK$0.572 Per Share	Mgmt	Yes	For	For	For	For
Client Notes: 3.18a
Research Notes: Item 3.18a
3a     Reelect He Guangbei as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3b     Reelect Li Zaohang as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3c     Reelect Fung Victor Kwok King as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3d     Reelect Shan Weijian as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
5       Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.9c per Mike Avery
6       Authorize Repurchase of Up to 10 Percent of Issued Share Capital	Mgmt	Yes	For	For	For	For
Client Notes: 3.21a
Research Notes: Item 3.21a
7       Authorize Reissuance of Repurchased Shares	Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.9c per Mike Avery

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		4,546,500		4,546,500
		Totals:		4,546,500		4,546,500

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BOC Hong Kong (Holdings) Ltd.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
02388	25-May-11	Hong Kong	Y0920U103	Special	19-May-11	4,546,500	4,546,500	4,546,500	0

CUSIP: Y0920U103 ISIN: HK2388011192 SEDOL: 6536112 Proxy Level: N/A Meeting ID: 639555

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Approve Connected Transaction with a Related Party		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.5

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		4,546,500		4,546,500
		Totals:		4,546,500		4,546,500

Exxon Mobil Corporation

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
XOM	25-May-11	USA	30231G102	Annual	06-Apr-11	153,100	153,100	153,100	0

CUSIP: 30231G102 ISIN: US30231G1022 SEDOL: 2326618 Proxy Level: 3 Meeting ID: 639738

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director M.J. Boskin		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director P. Brabeck-Letmathe		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.3    Elect Director L.R. Faulkner		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.4    Elect Director J.S. Fishman		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

1.5    Elect Director K.C. Frazier	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.6    Elect Director W.W. George	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.7    Elect Director M.C. Nelson	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.8    Elect Director S.J. Palmisano	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.9    Elect Director S.S. Reinemund	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.10 Elect Director R.W. Tillerson	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.11 Elect Director E.E. Whitacre, Jr.	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       Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	Against	Refer	For
Client Notes: 5.1d per Zack Shafran
4       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
5       Require Independent Board Chairman	SH	Yes	Against	For	Refer	For
Client Notes: 2.12
Research Notes: Item 2.12

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6       Report on Political Contributions	SH	Yes	Against	For	Against	Against
Client Notes: 7.2b
Research Notes: Item 7.2b
7       Amend EEO Policy to Prohibit Discrimination based on Sexual Orientation and Gender Identity	SH	Yes	Against	Against	Against	Against
Client Notes: 6.1
Research Notes: Item 6.1
8       Adopt Policy on Human Right to Water	SH	Yes	Against	Against	Against	Against
Client Notes: 6.6
Research Notes: Item 6.6
9       Report on Environmental Impact of Oil Sands Operations in Canada	SH	Yes	Against	For	Refer	Against
Client Notes: 6.2
Research Notes: Item 6.2
10     Report on Environmental Impacts of Natural Gas Fracturing	SH	Yes	Against	For	Refer	Against
Client Notes: 6.2
Research Notes: Item 6.2
11     Report on Energy Technologies Development	SH	Yes	Against	Against	Refer	Against
Client Notes: 6.2
Research Notes: Item 6.2
12     Adopt Quantitative GHG Goals for Products and Operations	SH	Yes	Against	For	Refer	Against
Client Notes: 6.2
Research Notes: Item 6.2

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		153,100		153,100
		Totals:		153,100		153,100

First Solar, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
FSLR	25-May-11	USA	336433107	Annual	07-Apr-11	79,400	79,400	79,400	0

CUSIP: 336433107 ISIN: US3364331070 SEDOL: B1HMF22 Proxy Level: 3 Meeting ID: 640340

Voting Policy: Waddell & Reed Ballot Count: 1 Proponent Votable Proposal Mgmt Rec ISS Rec Policy Rec Vote Instruction

Page 63 of 79

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1.1    Elect Director Michael J. Ahearn	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.2    Elect Director Robert J. Gillette	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.3    Elect Director Craig Kennedy	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.4    Elect Director James F. Nolan	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.5    Elect Director William J. Post	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.6    Elect Director J. Thomas Presby	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.7    Elect Director Paul H. Stebbins	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.8    Elect Director Michael Sweeney	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.9    Elect Director Jose H. Villarreal	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
2       Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Research Notes: Item 5.1d
3       Advisory Vote on Say on Pay Frequency	Mgmt	Yes	Three Years	One Year	One Year	One Year
Research Notes: Item 5.5b
4       Ratify Auditors	Mgmt	Yes	For	For	For	For
Research Notes: Item 3.1a
5       Report on Potential Risks Related to Arizona Immigration Legislation and Public Reaction	SH	Yes	Against	Against	Against	Against
Research Notes: Item 6.6

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		79,400		79,400
		Totals:		79,400		79,400

AIA Group Ltd.

Page 64 of 79

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Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
01299	26-May-11	Hong Kong	Y002A1105	Annual	20-May-11	6,538,800	6,538,800	6,538,800	0

CUSIP: N/A ISIN: HK0000069689 SEDOL: B4TX8S1 Proxy Level: N/A Meeting ID: 632749

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Accept Financial Statements and Statutory Reports		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
2       Reelect Edmund Sze Wing Tse as Non-Executive Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Reelect Mark Edward Tucker as Executive Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
5a     Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.9c per Zack Shafran
5b     Authorize Repurchase of Up to 10 Percent of Issued Share Capital		Mgmt	Yes	For	For	For	For
Client Notes: 3.21a
Research Notes: Item 3.21a
5c     Authorize Reissuance of Repurchased Shares		Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.9c per Zack Shafran
5d     Approve Allotment and Issue of Additional Shares Under the Restricted Share Unit Scheme		Mgmt	Yes	For	For	Refer	For
Client Notes: 4.3a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		6,538,800		6,538,800
		Totals:		6,538,800		6,538,800

Page 65 of 79

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Bank of China Limited

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted		Shares Instructed	Shares Available	Shares on Loan
03988	27-May-11	Hong Kong	Y0698A107	Annual	26-Apr-11		17,109,000	17,109,000	17,109,000	0

CUSIP: Y0698A107 ISIN: CNE1000001Z5 SEDOL: B154564 Proxy Level: N/A Meeting ID: 639503

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Approve Report of Board of Directors		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
2       Approve Report of Board of Supervisors		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
3       Approve the Annual Financial Statements		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
4       Approve Profit Distribution Plan		Mgmt	Yes	For	For	For	For
Client Notes: 3.18a
Research Notes: Item 3.18a
5       Approve the Annual Budget Report		Mgmt	Yes	For	For	For	For
Client Notes: 3.24b
Research Notes: Item 3.24b
6       Reappoint PricewaterhouseCoopers Zhong Tian CPAs Limited Company and PricewaterhouseCoopers Hong Kong as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
7a     Elect Zhang Xiangdong as Non-Executive Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7b     Elect Zhang Qi as Non-Executive Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8a     Elect Mei Xingbao as External Supervisor		Mgmt	Yes	For	For	Refer	For
Client Notes: 2.6a

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8b     Elect Bao Guoming as External Supervisor	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.6a
9       Approve Issuance of Ordinary Financial Bonds	Mgmt	Yes	For	For	Refer	For
Client Notes: 99

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		17,109,000		17,109,000
		Totals:		17,109,000		17,109,000

Industrial and Commercial Bank of China Limited

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
01398	31-May-11	Hong Kong	Y3990B112	Annual	29-Apr-11	8,034,000	8,034,000	8,034,000	0

CUSIP: Y3990B112 ISIN: CNE1000003G1 SEDOL: B1G1QD8 Proxy Level: N/A Meeting ID: 639831

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Approve 2010 Work Report of Board of Directors		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
2       Approve 2010 Work Report of Board of Supervisors		Mgmt	Yes	For	For	For	For
Client Notes: 3.24
Research Notes: Item 3.24a
3       Approve 2010 Audited Accounts		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
4       Approve 2010 Profit Distribution Plan		Mgmt	Yes	For	For	For	For
Client Notes: 3.18a
Research Notes: Item 3.18a
5       Approve Purchase of Office Premises by Shanghai Branch		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.5
6       Approve 2011 Fixed Assets Investment Budget		Mgmt	Yes	For	For	For	For
Client Notes: 3.24b
Research Notes: Item 3.24b

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7       Reappoint Ernst & Young and Ernst & Young Hua Ming as External Auditors and Fix Aggregate Audit Fees for 2011 at RMB 159.6 Million	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
8       Elect Zhao Lin as Shareholder Supervisor	SH	Yes	None	For	Refer	For
Client Notes: 2.6a
9       Approve Payment of Remuneration to Directors and Supervisors	SH	Yes	None	For	Refer	For
Client Notes: 2.8a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		8,034,000		8,034,000
		Totals:		8,034,000		8,034,000

Cognizant Technology Solutions Corporation

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
CTSH	02-Jun-11	USA	192446102	Annual	08-Apr-11	451,700	451,700	451,700	0

CUSIP: 192446102 ISIN: US1924461023 SEDOL: 2257019 Proxy Level: 3 Meeting ID: 640772

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Robert W. Howe		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
2       Elect Director Robert E. Weissman		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
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
5       Increase Authorized Common Stock		Mgmt	Yes	For	For	For	For
Research Notes: Item 3.6
6       Reduce Supermajority Vote Requirement		Mgmt	Yes	For	For	For	For
Research Notes: Item 3.4b

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7       Reduce Supermajority Vote Requirement	Mgmt	Yes	For	For	For	For
Research Notes: Item 3.4b
8       Ratify Auditors	Mgmt	Yes	For	For	For	For
Research Notes: Item 3.1a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		451,700		451,700
		Totals:		451,700		451,700

Google Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
GOOG	02-Jun-11	USA	38259P508	Annual	04-Apr-11	39,700	39,700	39,700	0

CUSIP: 38259P508 ISIN: US38259P5089 SEDOL: B020QX2 Proxy Level: 3 Meeting ID: 641211

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director Larry Page		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director Sergey Brin		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.3    Elect Director Eric E. Schmidt		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.4    Elect Director L. John Doerr		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.5    Elect Director John L. Hennessy		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.6    Elect Director Ann Mather		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 69 of 79

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1.7    Elect Director Paul S. Otellini	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.8    Elect Director K. Ram Shriram	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.9    Elect Director Shirley M. Tilghman	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       Amend Omnibus Stock Plan	Mgmt	Yes	For	Against	Refer	Against
Client Notes: 4.1 Repricing allowed
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
6       Amend Bylaws to Establish a Board Committee on Environmental Sustainability	SH	Yes	Against	Against	Refer	Against
Client Notes: 6.2
7       Reduce Supermajority Vote Requirement	SH	Yes	Against	Against	For	For
Client Notes: 3.4b
Research Notes: Item 3.4b
8       Report on Code of Conduct Compliance	SH	Yes	Against	Against	Refer	Against
Client Notes: 5.4

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		39,700		39,700
		Totals:		39,700		39,700

Sands China Ltd.

Page 70 of 79

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Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
01928	07-Jun-11	Hong Kong	G7800X107	Annual	26-May-11	21,960,026	21,960,026	21,960,026	0

CUSIP: G7800X107 ISIN: KYG7800X1079 SEDOL: B5B23W2 Proxy Level: N/A Meeting ID: 642642

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Accept Financial Statements and Statutory Reports		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
2a     Reelect Michael Alan Leven as Executive Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2b     Reelect Toh Hup Hock as Executive Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2c     Reelect Jeffrey Howard Schwartz as Non-Executive Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2d     Reelect David Muir Turnbull as Independent Non-Executive Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2e     Reelect Iain Ferguson Bruce as Independent Non-Executive Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2f      Authorize Board to Fix Remuneration of Directors		Mgmt	Yes	For	For	Refer	For
Client Notes: 2.8a
Research Notes: Item 2.8a
3       Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration		Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
4       Authorize Repurchase of Up to 10 Percent of Issued Share Capital		Mgmt	Yes	For	For	For	For
Client Notes: 3.21a
Research Notes: Item 3.21a

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5       Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.9c per Zack Shafran
6       Authorize Reissuance of Repurchased Shares	Mgmt	Yes	For	Against	Refer	For
Client Notes: 3.9c per Zack Shafran

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		21,960,026		21,960,026
		Totals:		21,960,026		21,960,026

Agricultural Bank of China

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
601288	08-Jun-11	Hong Kong	Y00289101	Annual	06-May-11	2,357,000	2,357,000	2,357,000	0

CUSIP: N/A ISIN: CNE100000RJ0 SEDOL: B620Y41 Proxy Level: N/A Meeting ID: 643385

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Approve 2010 Work Report of Board of Directors		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
2       Approve 2010 Work Report of Board of Supervisors		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
3       Approve Financial Accounts for the Year 2010		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
4       Approve Profit Distribution Plan for the Second Half of 2010		Mgmt	Yes	For	For	For	For
Client Notes: 3.18a
Research Notes: Item 3.18a
5       Approve Fixed Assets Investment Budget for the Year 2011		Mgmt	Yes	For	For	For	For
Client Notes: 3.24b
Research Notes: Item 3.24b

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6       Appoint Deloitte Touche Tohmatsu CPA Ltd. and Deloitte Touche Tohmatsu as External Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
7       Appoint Li Yelin as Non-Executive Director	Mgmt	Yes	For	Against	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8       Approve 2010 Final Emoluments Plan for Directors and Supervisors	SH	Yes	None	For	Refer	For
Client Notes: 2.8a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		2,357,000		2,357,000
		Totals:		2,357,000		2,357,000

Caterpillar Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
CAT	08-Jun-11	USA	149123101	Annual	11-Apr-11	132,900	132,900	132,900	0

CUSIP: 149123101 ISIN: US1491231015 SEDOL: 2180201 Proxy Level: 3 Meeting ID: 641495

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director David L. Calhoun		Mgmt	Yes	For	Withhold	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director Daniel M. Dickinson		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.3    Elect Director Eugene V. Fife		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.4    Elect Director Juan Gallardo		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

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1.5      Elect Director David R. Goode	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.6      Elect Director Jesse J. Greene, Jr.	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.7      Elect Director Peter A. Magowan	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.8      Elect Director Dennis A. Muilenburg	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.9      Elect Director Douglas R. Oberhelman	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.10    Elect Director William A. Osborn	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.11    Elect Director Charles D. Powell	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.12    Elect Director Edward B. Rust, Jr.	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.13    Elect Director Susan C. Schwab	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.14    Elect Director Joshua I. Smith	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.15    Elect Director Miles D. White	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 74 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

2       Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
3       Amend Executive Incentive Bonus Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
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	One Year	One Year	One Year	One Year
Client Notes: 5.5b
Research Notes: Item 5.5b
6       Report on Political Contributions	SH	Yes	Against	For	Against	Against
Client Notes: 7.2b
Research Notes: Item 7.2b
7       Stock Retention/Holding Period	SH	Yes	Against	For	Refer	Against
Client Notes: 4.4
8       Require a Majority Vote for the Election of Directors	SH	Yes	Against	For	For	For
Client Notes: 7.6a
Research Notes: Item 7.6a
9       Amend Articles/Bylaws/Charter -- Call Special Meetings	SH	Yes	Against	For	For	For
Client Notes: 3.2b
Research Notes: Item 3.2b
10     Require Independent Board Chairman	SH	Yes	Against	Against	Refer	For
Client Notes: 2.12
Research Notes: Item 2.12
11     Review and Assess Human Rights Policies	SH	Yes	Against	For	Against	Against
Client Notes: 6.6
Research Notes: Item 6.6
12     Adopt a Policy in which the Company will not Make or Promise to Make Any Death Benefit Payments to Senior Executives	SH	Yes	Against	Against	Refer	Against
Client Notes: 4.7
Research Notes: Item 4.7

Page 75 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	115980.1	Confirmed		132,900		132,900
		Totals:		132,900		132,900

China Construction Bank Corporation

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
00939	09-Jun-11	Hong Kong	Y1397N101	Annual	09-May-11	8,579,000	8,579,000	8,579,000	0

CUSIP: Y1397N101 ISIN: CNE1000002H1 SEDOL: B0LMTQ3 Proxy Level: N/A Meeting ID: 644183

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Approve Report of Board of Directors		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
2       Approve Report of Board of Supervisors		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
3       Approve Final Financial Accounts		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
4       Approve Fixed Assets Investment Budget for the Year 2011		Mgmt	Yes	For	For	For	For
Client Notes: 3.24b
Research Notes: Item 3.24b
5       Approve Profit Distribution Plan for 2010		Mgmt	Yes	For	For	For	For
Client Notes: 3.18a
Research Notes: Item 3.18a
6       Appoint Auditors and Authorize Board to Fix Their Remuneration		Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
7       Elect Dong Shi as Non-Executive Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 76 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

8       Approve Purchase of Head Office Business Processing Centre	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.5
9       Approve 2010 Final Emolument Distribution Plan for Directors and Supervisors	SH	Yes	None	For	Refer	For
Client Notes: 2.8a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		8,579,000		8,579,000
		Totals:		8,579,000		8,579,000

Ping An Insurance (Group) Co. of China, Ltd.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
02318	16-Jun-11	Hong Kong	Y69790106	Annual	16-May-11	579,800	579,800	579,800	0

CUSIP: Y69790106 ISIN: CNE1000003X6 SEDOL: B01FLR7 Proxy Level: N/A Meeting ID: 637660

Voting Policy: Waddell & Reed	Ballot Count: 3	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Accept Report of the Board of Directors		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
2       Accept Report of Supervisory Committee		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
3       Approve Annual Report and its Summary for the Year Ended Dec. 31, 2010		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
4       Accept Financial Statements and Auditors’ Report		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
5       Approve Profit Distribution Plan and Final Dividend		Mgmt	Yes	For	For	For	For
Client Notes: 3.18a
Research Notes: Item 3.18a

Page 77 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

6       Reappoint Ernst & Young Hua Ming as PRC Auditors and Ernst & Young as International Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
7       Approve Redesignation of Cheung Chi Yan, Louis as Non-Executive Director	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.10b
8       Elect Woo Ka Biu, Jackson as Independent Non-Executive Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Amend Articles of Association	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.23c

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		350,800		350,800
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		229,000		229,000
		Totals:		579,800		579,800

ICICI Bank Limited

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
532174	27-Jun-11	India	Y38575109	Annual		317,610	317,610	317,610	0

CUSIP: Y38575109 ISIN: INE090A01013 SEDOL: 6100368 Proxy Level: N/A Meeting ID: 645034

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Accept Financial Statements and Statutory Reports		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
2       Approve Dividend on Preference Shares of INR 100 Per Share		Mgmt	Yes	For	For	For	For
Client Notes: 3.18a
Research Notes: Item 3.18a
3       Approve Dividend on Equity Share of INR 14 Per Share		Mgmt	Yes	For	For	For	For
Client Notes: 3.18a
Research Notes: Item 3.18a

Page 78 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 90 Ivy VIP Asset Strategy

4       Reappoint M.S. Ramachandran as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Reappoint K. Ramkumar as Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Approve S.R. Batliboi & Co. as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
7       Appoint Branch Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
8       Approve Vacancy on the Board of Directors Resulting from Retirement of V.P. Watsa	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.10b
9       Approve Revision in Remuneration of C. Kochhar, Managing Director & CEO	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.8c
10     Approve Revision in Remuneration of N.S. Kannan, Executive Director & CFO	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.8c
11     Approve Revision in Remuneration of K. Ramkumar, Executive Director	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.8c
12     Approve Revision in Remuneration of R. Sabharwal, Executive Director	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.8c

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
90 Ivy VIP Asset Strategy, 90	610592862	Confirmed		317,610		317,610
		Totals:		317,610		317,610

Page 79 of 79

IVY FUNDS VIP BALANCED

Proxy Voting Record

Vote Summary Report

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

Location(s): Waddell & Reed Investment Management Company

Institution Account(s): 98 Ivy VIP Balanced

Precision Castparts Corp.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
PCP	10-Aug-10	USA	740189105	Annual	14-Jun-10	20,800	20,800	20,800	0

CUSIP: 740189105 ISIN: US7401891053 SEDOL: 2699514 Proxy Level: 2 Meeting ID: 590936

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director Daniel J. Murphy		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.2    Elect Director Steven G. Rothmeier		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.3    Elect Director Richard L. Wambold		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.4    Elect Director Timothy A. Wicks		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       Declassify the Board of Directors		SH	Yes	Against	For	For	For
Research Notes: Item 2.4b

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		20,800		20,800
		Totals:		20,800		20,800

Microchip Technology Incorporated

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
MCHP	20-Aug-10	USA	595017104	Annual	21-Jun-10	305,700	305,700	305,700	0

CUSIP: 595017104 ISIN: US5950171042 SEDOL: 2592174 Proxy Level: 1 Meeting ID: 593440

Voting Policy: Waddell & Reed Ballot Count: 1 Proponent Votable Proposal Mgmt Rec ISS Rec Policy Rec Vote Instruction

Page 1 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

1.1    Elect Director Steve Sanghi	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.2    Elect Director Albert J. Hugo-Martinez	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.3    Elect Director L.B. Day	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.4    Elect Director Matthew W. Chapman	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.5    Elect Director Wade F. Meyercord	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

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		305,700		305,700
		Totals:		305,700		305,700

NIKE, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
NKE	20-Sep-10	USA	654106103	Annual	26-Jul-10	63,900	63,900	63,900	0

CUSIP: 654106103 ISIN: US6541061031 SEDOL: 2640147 Proxy Level: 3 Meeting ID: 596423

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director Jill K. Conway		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director Alan B. Graf, Jr.		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.3    Elect Director John C. Lechleiter		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 2 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

1.4    Elect Director Phyllis M. Wise	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Amend Executive Incentive Bonus Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
3       Amend Omnibus Stock Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
4       Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		63,900		63,900
		Totals:		63,900		63,900

Paychex, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
PAYX	13-Oct-10	USA	704326107	Annual	16-Aug-10	119,700	119,700	119,700	0

CUSIP: 704326107 ISIN: US7043261079 SEDOL: 2674458 Proxy Level: 3 Meeting ID: 600399

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director B. Thomas Golisano		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director David J. S. Flaschen		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director Grant M. Inman		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Elect Director Pamela A. Joseph		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 3 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

5       Elect Director Joseph M. Tucci	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Elect Director Joseph M. Velli	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Amend Omnibus Stock Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
8       Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		119,700		119,700
		Totals:		119,700		119,700

Archer-Daniels-Midland Company

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
ADM	04-Nov-10	USA	039483102	Annual	09-Sep-10	97,600	97,600	97,600	0

CUSIP: 039483102 ISIN: US0394831020 SEDOL: 2047317 Proxy Level: 3 Meeting ID: 602779

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director George W. Buckley		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director Mollie Hale Carter		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director Pierre Dufour		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 4 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

4       Elect Director Donald E. Felsinger	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Elect Director Victoria F. Haynes	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Elect Director Antonio Maciel Neto	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Elect Director Patrick J. Moore	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8       Elect Director Thomas F. O’Neill	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Elect Director Kelvin R. Westbrook	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
10     Elect Director Patricia A. Woertz	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11     Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
12     Adopt Policy to Prohibit Political Spending	SH	Yes	Against	Against	Refer	Against
Client Notes: 7.2a
13     Report on Political Contributions	SH	Yes	Against	For	Against	Against
Client Notes: 7.2b
Research Notes: Item 7.2b

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		97,600		97,600
		Totals:		97,600		97,600

Page 5 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

The Estee Lauder Companies Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
EL	09-Nov-10	USA	518439104	Annual	15-Sep-10	89,800	89,800	89,800	0

CUSIP: 518439104 ISIN: US5184391044 SEDOL: 2320524 Proxy Level: 3 Meeting ID: 602957

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director Aerin Lauder		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director William P. Lauder		Mgmt	Yes	For	Withhold	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.3    Elect Director Lynn Forester de Rothschild		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.4    Elect Director Richard D. Parsons		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.5    Elect Director Richard F. Zannino		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Amend Omnibus Stock Plan		Mgmt	Yes	For	Against	Refer	For
Client Notes: 4.1 per E. Becker
3       Ratify Auditors		Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		89,800		89,800
		Totals:		89,800		89,800

Microsoft Corporation

Page 6 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
MSFT	16-Nov-10	USA	594918104	Annual	03-Sep-10	143,800	143,800	143,800	0

CUSIP: 594918104 ISIN: US5949181045 SEDOL: 2588173 Proxy Level: 2 Meeting ID:602659

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Steven A. Ballmer		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director Dina Dublon		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director William H. Gates III		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Elect Director Raymond V. Gilmartin		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Elect Director Reed Hastings		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Elect Director Maria M. Klawe		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Elect Director David F. Marquardt		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8       Elect Director Charles H. Noski		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Elect Director Helmut Panke		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 7 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

10     Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
11     Amend Bylaws to Establish a Board Committee on Environmental Sustainability	SH	Yes	Against	Against	Refer	Against
Client Notes: 3.23c Committee is already in place.

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		143,800		143,800
		Totals:		143,800		143,800

Cisco Systems, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
CSCO	18-Nov-10	USA	17275R102	Annual	20-Sep-10	244,700	244,700	244,700	0

CUSIP: 17275R102 ISIN: US17275R1023 SEDOL: 2198163 Proxy Level: 3 Meeting ID: 603130

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Carol A. Bartz		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director M. Michele Burns		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director Michael D. Capellas		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Elect Director Larry R. Carter		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Elect Director John T. Chambers		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 8 of 79

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6       Elect Director Brian L. Halla	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Elect Director John L. Hennessy	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8       Elect Director Richard M. Kovacevich	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Elect Director Roderick C. Mcgeary	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
10     Elect Director Michael K. Powell	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11     Elect Director Arun Sarin	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
12     Elect Director Steven M. West	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
13     Elect Director Jerry Yang	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
14     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
15     Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
16     Amend Bylaws to Establish a Board Committee on Environmental Sustainability	SH	Yes	Against	Against	Refer	Against
Client Notes: 6.2
17     Report on Internet Fragmentation	SH	Yes	Against	For	Refer	Against
Client Notes: 6.1

Page 9 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

18     Adopt Policy Prohibiting Sale of Products in China if they Contribute to Human Rights Abuses	SH	Yes	Against	Against	Refer	Against
Client Notes: 6.1

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		244,700		244,700
		Totals:		244,700		244,700

Johnson Controls, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
JCI	26-Jan-11	USA	478366107	Annual	18-Nov-10	141,000	141,000	141,000	0

CUSIP: 478366107 ISIN: US4783661071 SEDOL: 2476803 Proxy Level: 3 Meeting ID: 613826

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director Natalie A. Black		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director Robert A. Cornog		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.3    Elect Director William H. Lacy		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.4    Elect Director Stephen A. Roell		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       Adopt Majority Voting for Uncontested Election of Directors		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.23b
4       Amend Executive Incentive Bonus Plan		Mgmt	Yes	For	Against	Refer	For
Client Notes: 4.1 Per Cynthia Prince-Fox

Page 10 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

5       Amend Executive Incentive Bonus Plan	Mgmt	Yes	For	Against	Refer	For
Client Notes: 4.1 Per Cynthia Prince-Fox
6       Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	Against	Refer	For
Client Notes: 4.1 Per Cynthia Prince-Fox
7       Advisory Vote on Say on Pay Frequency	Mgmt	Yes	Three Years	One Year	Refer	One Year
Client Notes: 5.5b

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		141,000		141,000
		Totals:		141,000		141,000

Emerson Electric Co.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
EMR	01-Feb-11	USA	291011104	Annual	23-Nov-10	167,400	167,400	167,400	0

CUSIP: 291011104 ISIN: US2910111044 SEDOL: 2313405 Proxy Level: 3 Meeting ID: 613728

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director D.N. Farr		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director H. Green		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.3    Elect Director C.A. Peters		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.4    Elect Director J.W. Prueher		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.5    Elect Director R.L. Ridgway		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 11 of 79

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2       Amend Omnibus Stock Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
3       Approve Stock Option Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
4       Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
5       Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	Refer	For
Client Notes: 5.1d
6       Advisory Vote on Say on Pay Frequency	Mgmt	Yes	Three Years	One Year	Refer	One Year
Client Notes: 5.5a
7       Report on Sustainability	SH	Yes	Against	For	Refer	Against
Client Notes: 5.4 Per Zack Shafran

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		167,400		167,400
		Totals:		167,400		167,400

Accenture plc

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
CSA	03-Feb-11	Ireland	G1151C101	Annual	13-Dec-10	121,700	121,700	121,700	0

CUSIP: G1151C101 ISIN: IE00B4BNMY34 SEDOL: B412KX5 Proxy Level: N/A Meeting ID: 614765

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Accept Financial Statements and Statutory Reports		Mgmt	Yes	For	For	For	For
Client Notes: 3.24
Research Notes: Item 3.24
2       Reelect Charles H. Giancarlo as a Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Reelect Dennis F. Hightower as a Director		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 12 of 79

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4       Reelect Blythe J. McGarvie as a Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Reelect Mark Moody-Stuart as a Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Reelect Pierre Nanterme as a Director	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
8       Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	Refer	For
Client Notes: 5.5b
9       Advisory Vote on Say on Pay Frequency	Mgmt	Yes	Three Years	One Year	Refer	One Year
Client Notes: 5.5b
10     Authorize the Holding of the 2012 AGM at a Location Outside Ireland	Mgmt	Yes	For	For	Refer	For
Client Notes: 99
11     Authorize Open-Market Purchases of Class A Ordinary Shares	Mgmt	Yes	For	For	For	For
Client Notes: 3.21a
Research Notes: Item 3.21a
12     Determine the Price Range at which Accenture Plc can Re-issue Shares that it Acquires as Treasury Stock	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.6

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		121,700		121,700
		Totals:		121,700		121,700

Apple Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
AAPL	23-Feb-11	USA	037833100	Annual	27-Dec-10	36,900	36,900	36,900	0

CUSIP: 037833100 ISIN: US0378331005 SEDOL: 2046251 Proxy Level: 3 Meeting ID: 616447

Page 13 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director William V. Campbell		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director Millard S. Drexler		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.3    Elect Director Albert A. Gore, Jr.		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.4    Elect Director Steven P. Jobs		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.5    Elect Director Andrea Jung		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.6    Elect Director Arthur D. Levinson		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.7    Elect Director Ronald D. Sugar		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       Advisory Vote to Ratify Named Executive Officers’ Compensation		Mgmt	Yes	For	For	Refer	For
Client Notes: 5.1d
4       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
5       Adopt Policy on Succession Planning		SH	Yes	Against	For	Refer	Against
Client Notes: 99: per Zack Shafran

Page 14 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

6       Require a Majority Vote for the Election of Directors	SH	Yes	Against	For	For	For
Client Notes: 7.6a
Research Notes: Item 7.6a - We will vote FOR proposals requiring a majority of votes, as long as the proposal has a back-up plan for those cases where no one receives a majority of the votes.

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		36,900		36,900
		Totals:		36,900		36,900

Hewlett-Packard Company

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
HPQ	23-Mar-11	USA	428236103	Annual	24-Jan-11	68,700	68,700	68,700	0

CUSIP: 428236103 ISIN: US4282361033 SEDOL: 2424006 Proxy Level: 3 Meeting ID: 619369

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director M. L. Andreessen		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director L. Apotheker		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director L.T. Babbio, Jr.		Mgmt	Yes	For	Against	Refer	Against
Client Notes: 2.6b meeting attendance < 75%
4       Elect Director S.M. Baldauf		Mgmt	Yes	For	Against	Refer	Against
Client Notes: 2.6b meeting attendance < 75%
5       Elect Director S. Banerji		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Elect Director R.L. Gupta		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Elect Director J.H. Hammergren		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 15 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

8       Elect Director R.J. Lane	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Elect Director G.M. Reiner	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
10     Elect Director P.F. Russo	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11     Elect Director D. Senequier	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
12     Elect Director G.K. Thompson	Mgmt	Yes	For	Against	Refer	Against
Client Notes: 2.6b meeting attendance < 75%
13     Elect Director M.C. Whitman	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
14     Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
15     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	Against	Refer	For
Client Notes: 5.1d per Zack Shafran
16     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
17     Approve Qualified Employee Stock Purchase Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.3b
18     Amend Executive Incentive Bonus Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		68,700		68,700
		Totals:		68,700		68,700

Page 16 of 79

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Starbucks Corporation

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
SBUX	23-Mar-11	USA	855244109	Annual	13-Jan-11	64,400	64,400	64,400	0

CUSIP: 855244109 ISIN: US8552441094 SEDOL: 2842255 Proxy Level: 3 Meeting ID: 618481

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Howard Schultz		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director William W. Bradley		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director Mellody Hobson		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Elect Director Kevin R. Johnson		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Elect Director Olden Lee		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Elect Director Sheryl Sandberg		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Elect Director James G. Shennan, Jr.		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8       Elect Director Javier G. Teruel		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Elect Director Myron E. Ullman, III		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 17 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

10     Elect Director Craig E. Weatherup	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Client Notes: 5.1d
Research Notes: Item 5.1d
12     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
13     Amend Omnibus Stock Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
14     Amend Omnibus Stock Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
15     Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
16     Adopt Comprehensive Recycling Strategy for Beverage Containers	SH	Yes	Against	Against	Refer	Against
Client Notes: 6.2

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		64,400		64,400
		Totals:		64,400		64,400

Petroleo Brasileiro SA-Petrobras

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
PETR4	04-Apr-11	Brazil	P78331140	Special	23-Mar-11	84,900	84,900	84,900	0

CUSIP: P78331140 ISIN: BRPETRACNPR6 SEDOL: 2684532 Proxy Level: N/A Meeting ID: 634048

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
Meeting for ADR Holders		Mgmt	No
1       Amend Article 20		Mgmt	Yes	For	For	Refer	For
Client Notes: 3.23c

Page 18 of 79

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2.1    Approve Agreement to Absorb Companhia Mexilhao do Brasil	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.5 Per Gus Zinn
2.2    Appoint KPMG to Appraise Proposed Absorption	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.5 Per Gus Zinn
2.3    Approve KPMG’s Appraisal	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.5 Per Gus Zinn
2.4    Approve Absorption of Companhia Mexilhao do Brasil	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.5 Per Gus Zinn
2.5    Authorize Board to Ratify and Execute Approved Resolutions	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.5 Per Gus Zinn

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		84,900		84,900
		Totals:		84,900		84,900

Schlumberger Limited

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
SLB	06-Apr-11	NetherlandsAntilles	806857108	Annual	16-Feb-11	63,100	63,100	63,100	0

CUSIP: 806857108 ISIN: AN8068571086 SEDOL: 2779201 Proxy Level: N/A Meeting ID: 622547

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director Philippe Camus		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director Peter L.S. Currie		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.3    Elect Director Andrew Gould		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.4    Elect Director Tony Isaac		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 19 of 79

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1.5      Elect Director K. Vaman Kamath	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.6      Elect Director Nikolay Kudryavtsev	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.7      Elect Director Adrian Lajous	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.8      Elect Director Michael E. Marks	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.9      Elect Director Elizabeth Moler	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.10    Elect Director Leo Rafael Reif	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.11    Elect Director Tore I. Sandvold	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.12    Elect Director Henri Seydoux	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.13    Elect Director Paal Kibsgaard	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.14    Elect Director Lubna S. Olayan	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	Refer	For
Client Notes: 5.1d

Page 20 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

3       Advisory Vote on Say on Pay Frequency	Mgmt	Yes	Two Years	One Year	One Year	One Year
Client Notes: 5.5b
Research Notes: Item 5.5b
4       Increase Authorized Common Stock	Mgmt	Yes	For	For	For	For
Client Notes: 3.6
Research Notes: Item 3.6
5       Adopt Plurality Voting for Contested Election of Directors	Mgmt	Yes	For	For	Refer	For
Client Notes: 7.6a
6       Adopt and Approve Financials and Dividends	Mgmt	Yes	For	For	For	For
Client Notes: 1.3a
Research Notes: Item 1.3a
7       Ratify PricewaterhouseCoopers LLP as Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		63,100		63,100
		Totals:		63,100		63,100

Carnival Corporation

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
CCL	13-Apr-11	Panama	143658300	Annual	14-Feb-11	64,700	64,700	64,700	0

CUSIP: 143658300 ISIN: PA1436583006 SEDOL: 2523044 Proxy Level: N/A Meeting ID: 623021

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Reelect Micky Arison As A Director Of Carnival Corporation And As A Director Of Carnival Plc		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Reelect Sir Jonathon Band As A Director Of Carnival Corporation And As A Director Of Carnival Plc		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 21 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

3       Reelect Robert H. Dickinson As A Director Of Carnival Corporation And As A Director Of Carnival Plc	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Reelect Arnold W. Donald As A Director Of Carnival Corporation And As A Director Of Carnival Plc	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Reelect Pier Luigi Foschi As A Director Of Carnival Corporation And As A Director Of Carnival Plc	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Reelect Howard S. Frank As A Director Of Carnival Corporation And As A Director Of Carnival Plc	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Reelect Richard J. Glasier As A Director Of Carnival Corporation And As A Director Of Carnival Plc	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8       Reelect Modesto A. Maidique As A Director Of Carnival Corporation And As A Director Of Carnival Plc	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Reelect Sir John Parker As A Director Of Carnival Corporation And As A Director Of Carnival Plc	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
10     Reelect Peter G. Ratcliffe As A Director Of Carnival Corporation And As A Director Of Carnival Plc	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11     Reelect Stuart Subotnick As A Director Of Carnival Corporation And As A Director Of Carnival Plc	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
12     Reelect Laura Weil As A Director Of Carnival Corporation And As A Director Of Carnival Plc	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 22 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

13     Reelect Randall J. Weisenburger As A Director Of Carnival Corporation And As A Director Of Carnival Plc	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
14     Reelect Uzi Zucker As A Director Of Carnival Corporation And As A Director Of Carnival Plc	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
15     Reappoint The UK Firm Of PricewaterhouseCoopers LLP As Independent Auditors For Carnival Plc And Ratify The U.S. Firm Of PricewaterhouseCoopers LLP As The Independent Auditor For Carnival Corporation	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
16     Authorize The Audit Committee Of Carnival Plc To Fix Remuneration Of The Independent Auditors Of Carnival Plc	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
17     Receive The UK Accounts And Reports Of The Directors And Auditors Of Carnival Plc For The Year Ended November 30, 2010	Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
18     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	Refer	For
Client Notes: 5.1d
19     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
20     Approve Remuneration of Executive and Non-Executive Directors	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.8a
21     Authorize Issue of Equity with Pre-emptive Rights	Mgmt	Yes	For	For	For	For
Client Notes: 3.9a
Research Notes: Item 3.9a
22     Authorize Issue of Equity without Pre-emptive Rights	Mgmt	Yes	For	For	For	For
Client Notes: 3.9b
Research Notes: Item 3.9b

Page 23 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

23     Authorise Shares for Market Purchase	Mgmt	Yes	For	For	For	For
Client Notes: 3.21a
Research Notes: Item 3.21a
24     Approve Omnibus Stock Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		64,700		64,700
		Totals:		64,700		64,700

ASML Holding NV

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
N/A	20-Apr-11	Netherlands	N07059178	Annual	23-Mar-11	140,300	140,300	140,300	0

CUSIP: N07059178 ISIN: NL0006034001 SEDOL: 5949368 Proxy Level: N/A Meeting ID: 612942

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
Annual Meeting		Mgmt	No
1       Open Meeting		Mgmt	No
2       Discuss the Company’s Business and Finacial Situation		Mgmt	No
3       Approve Financial Statements and Statutory Reports		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24
4       Approve Discharge of Management Board		Mgmt	Yes	For	For	For	For
Client Notes: 3.25
Research Notes: Item 3.25
5       Approve Discharge of Supervisory Board		Mgmt	Yes	For	For	For	For
Client Notes: 3.25
Research Notes: Item 3.25
6       Receive Explanation on Company’s Reserves and Dividend Policy		Mgmt	No
7       Approve Dividends of EUR 0.40 Per Share		Mgmt	Yes	For	For	For	For
Client Notes: 3.18
Research Notes: Item 3.18

Page 24 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

8       Amend Articles Re: Legislative Changes	Mgmt	Yes	For	For	For	For
Client Notes: 3.23b
Research Notes: Item 3.2a
9       Approve the Numbers of Stock Options, Respectively Shares for Employees	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
10a   Reelect W.T. Siegle to Supervisory Board	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
10b  Reelect J.W.B. Westerburgen to Supervisory Board	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11     Announcement of Retirement of Supervisory Board Members O. Bilous, F.W. Froehlich, A.P.M. van der Poel by Rotation in 2012.	Mgmt	No
12     Approve Remuneration of Supervisory Board	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.8a
13a   Grant Board Authority to Issue Shares Up to 5 Percent of Issued Capital	Mgmt	Yes	For	For	For	For
Client Notes: 3.9b
Research Notes: Item 3.9b
13b  Authorize Board to Exclude Preemptive Rights from Issuance under Item 13a	Mgmt	Yes	For	For	For	For
Client Notes: 3.9b
Research Notes: Item 3.9b
13c   Grant Board Authority to Issue Additional Shares of up to 5 Percent in Case of Takeover/Merger	Mgmt	Yes	For	For	For	For
Client Notes: 3.9b
Research Notes: Item 3.9b
13d  Authorize Board to Exclude Preemptive Rights from Issuance under Item 13c	Mgmt	Yes	For	For	For	For
Client Notes: 3.9b
Research Notes: Item 3.9b
14     Authorize Repurchase Shares	Mgmt	Yes	For	For	For	For
Client Notes: 3.21a
Research Notes: Item 3.21a
15     Authorize Cancellation of Repurchased Shares	Mgmt	Yes	For	For	For	For
Client Notes: 3.22a
Research Notes: Item 3.22a

Page 25 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

16     Authorize Additionnal Cancellation of Repurchased Shares	Mgmt	Yes	For	For	For	For
Client Notes: 3.22a
Research Notes: Item 3.22a
17     Other Business	Mgmt	No
18     Close Meeting	Mgmt	No

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		140,300		140,300
		Totals:		140,300		140,300

Honeywell International Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
HON	25-Apr-11	USA	438516106	Annual	25-Feb-11	105,900	105,900	105,900	0

CUSIP: 438516106 ISIN: US4385161066 SEDOL: 2020459 Proxy Level: 3 Meeting ID: 627647

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Gordon M. Bethune		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director Kevin Burke		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director Jaime Chico Pardo		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Elect Director David M. Cote		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Elect Director D. Scott Davis		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 26 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

6       Elect Director Linnet F. Deily	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Elect Director Judd Gregg	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8       Elect Director Clive R. Hollick	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Elect Director George Paz	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
10     Elect Director Bradley T. Sheares	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11     Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
12     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Client Notes: 5.1d
Research Notes: Item 5.1d
13     Advisory Vote on Say on Pay Frequency	Mgmt	Yes	One Year	One Year	One Year	One Year
Client Notes: 5.5d
Research Notes: Item 5.5b
14     Approve Omnibus Stock Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
15     Amend Executive Incentive Bonus Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
16     Provide Right to Act by Written Consent	SH	Yes	Against	For	For	For
Client Notes: 3.3b
Research Notes: Item 3.3b
17     Amend Articles/Bylaws/Charter -- Call Special Meetings	SH	Yes	Against	For	For	For
Client Notes: 3.2b
Research Notes: Item 3.2b

Page 27 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		105,900		105,900
		Totals:		105,900		105,900

Mead Johnson Nutrition Company

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
MJN	26-Apr-11	USA	582839106	Annual	11-Mar-11	84,500	84,500	84,500	0

CUSIP: 582839106 ISIN: US5828391061 SEDOL: B4W9F29 Proxy Level: 3 Meeting ID: 631138

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1      Elect Director Stephen W. Golsby		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.2      Elect Director Steven M. Altschuler		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.3      Elect Director Howard B. Bernick		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.4      Elect Director Kimberly A. Casiano		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.5      Elect Director Anna C. Catalano		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.6      Elect Director Celeste A. Clark		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.7      Elect Director James M. Cornelius		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.8      Elect Director Peter G. Ratcliffe		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.9      Elect Director Elliott Sigal		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.10    Elect Director Robert S. Singer		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a

Page 28 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

2       Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Research Notes: Item 5.1d
3       Advisory Vote on Say on Pay Frequency	Mgmt	Yes	One Year	One Year	One Year	One Year
Research Notes: Item 5.5b
4       Ratify Auditors	Mgmt	Yes	For	For	For	For
Research Notes: Item 3.1a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		84,500		84,500
		Totals:		84,500		84,500

The PNC Financial Services Group, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
PNC	26-Apr-11	USA	693475105	Annual	11-Feb-11	78,800	78,800	78,800	0

CUSIP: 693475105 ISIN: US6934751057 SEDOL: 2692665 Proxy Level: 3 Meeting ID: 629288

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Richard O. Berndt		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director Charles E. Bunch		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director Paul W. Chellgren		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Elect Director Kay Coles James		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Elect Director Richard B. Kelson		Mgmt	Yes	For	Against	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 29 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

6       Elect Director Bruce C. Lindsay	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Elect Director Anthony A. Massaro	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8       Elect Director Jane G. Pepper	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Elect Director James E. Rohr	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
10     Elect Director Donald J. Shepard	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11     Elect Director Lorene K. Steffes	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
12     Elect Director Dennis F. Strigl	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
13     Elect Director Thomas J. Usher	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
14     Elect Director George H. Walls, Jr.	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
15     Elect Director Helge H. Wehmeier	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
16     Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
17     Amend Omnibus Stock Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1

Page 30 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s):Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

18     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Client Notes: 5.1d
Research Notes: Item 5.1d
19     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
98 Ivy VIP Balanced, 98	115934.1	Confirmed		78,800		78,800
		Totals:		78,800		78,800

BorgWarner Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
BWA	27-Apr-11	USA	099724106	Annual	01-Mar-11	75,500	75,500	75,500	0

CUSIP: 099724106 ISIN: US0997241064 SEDOL: 2111955 Proxy Level: 3 Meeting ID: 626734

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Robin J. Adams		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
2       Elect Director David T. Brown		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
3       Elect Director Jan Carlson		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
4       Elect Director Dennis C. Cuneo		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
5       Ratify Auditors		Mgmt	Yes	For	For	For	For
Research Notes: Item 3.1a
6       Advisory Vote to Ratify Named Executive Officers’ Compensation		Mgmt	Yes	For	For	For	For
Research Notes: Item 5.1d
7       Advisory Vote on Say on Pay Frequency		Mgmt	Yes	Three Years	One Year	One Year	One Year
Research Notes: Item 5.5b

Page 31 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		75,500		75,500
		Totals:		75,500		75,500

Eaton Corporation

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
ETN	27-Apr-11	USA	278058102	Annual	28-Feb-11	46,000	46,000	46,000	0

CUSIP: 278058102 ISIN: US2780581029 SEDOL: 2300883 Proxy Level: 3 Meeting ID: 630146

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director George S. Barrett		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
2       Elect Director Todd M. Bluedorn		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
3       Elect Director Ned C. Lautenbach		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
4       Elect Director Gregory R. Page		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
5       Declassify the Board of Directors		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.4b
6       Eliminate Cumulative Voting		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.5
7       Ratify Auditors		Mgmt	Yes	For	For	For	For
Research Notes: Item 3.1a
8       Advisory Vote to Ratify Named Executive Officers’ Compensation		Mgmt	Yes	For	For	For	For
Research Notes: Item 5.1d
9       Advisory Vote on Say on Pay Frequency		Mgmt	Yes	One Year	One Year	One Year	One Year
Research Notes: Item 5.5b

Page 32 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		46,000		46,000
		Totals:		46,000		46,000

Petroleo Brasileiro SA-Petrobras

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
PETR4	28-Apr-11	Brazil	P78331140	Annual/Special	01-Apr-11	84,900	84,900	84,900	0

CUSIP: P78331140 ISIN: BRPETRACNPR6 SEDOL: 2684532 Proxy Level: N/A Meeting ID: 641031

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
Meeting for ADR Holders		Mgmt	No
Annual Meeting Agenda		Mgmt	No
Preferred Shareholders Have Voting Rights on Items 4 and 6		Mgmt	No
1       Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2010		Mgmt	Yes	For	For	For	For
Client Notes: 3.24a
Research Notes: Item 3.24a
2       Approve Capital Budget for Upcoming Fiscal Year		Mgmt	Yes	For	For	For	For
Client Notes: 3.24b
Research Notes: Item 3.24b
3       Approve Allocation of Income and Dividends		Mgmt	Yes	For	For	For	For
Client Notes: 3.18a
Research Notes: Item 3.18a
4       Elect Directors		Mgmt	Yes	For	Against	Against	Against
Client Notes: 2.6b
Research Notes: Item 2.6b(e)
5       Elect Board Chairman		Mgmt	Yes	For	For	Refer	For
Client Notes: 2.6a
6       Elect Fiscal Council Members		Mgmt	Yes	For	For	Refer	For
Client Notes: 2.6a
7       Approve Remuneration of Executive Officers, Non-Executive Directors, and Fiscal Council Members		Mgmt	Yes	For	For	Refer	For
Client Notes: 2.8a

Page 33 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

Special Meeting Agenda	Mgmt	No
1       Authorize Capitalization of Reserves without Issuance of New Shares	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.6

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		84,900		84,900
		Totals:		84,900		84,900

Harley-Davidson, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
HOG	30-Apr-11	USA	412822108	Annual	10-Mar-11	113,100	113,100	113,100	0

CUSIP: 412822108 ISIN: US4128221086 SEDOL: 2411053 Proxy Level: 3 Meeting ID: 633054

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director Barry K. Allen		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director R. John Anderson		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.3    Elect Director Richard I. Beattie		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.4    Elect Director George H. Conrades		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.5    Elect Director Judson C. Green		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.6    Elect Director Sara L. Levinson		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 34 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

1.7    Elect Director N. Thomas Linebarger	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.8    Elect Director George L. Miles, Jr.	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.9    Elect Director Jochen Zeitz	Mgmt	Yes	For	Withhold	Refer	Withhold
Client Notes: 2.6b meeting attendance < 75%
2       Reduce Supermajority Vote Requirement	Mgmt	Yes	For	For	For	For
Client Notes: 3.4b
Research Notes: Item 3.4b
3       Reduce Supermajority Vote Requirement	Mgmt	Yes	For	For	For	For
Client Notes: 3.4b
Research Notes: Item 3.4b
4       Reduce Supermajority Vote Requirement	Mgmt	Yes	For	For	For	For
Client Notes: 3.4b
Research Notes: Item 3.4b
5       Approve Executive Incentive Bonus Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
6       Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
7       Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Client Notes: 5.1d
Research Notes: Item 5.1d
8       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
9       Adopt a Policy in which the Company will not Make or Promise to Make Any Death Benefit Payments to Senior Executives without Shareholder Approval	SH	Yes	Against	For	Refer	Against
Client Notes: 4.7 per Erik Becker

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		113,100		113,100
		Totals:		113,100		113,100

Page 35 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

Allergan, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
AGN	03-May-11	USA	018490102	Annual	04-Mar-11	86,700	86,700	86,700	0

CUSIP: 018490102 ISIN: US0184901025 SEDOL: 2017213 Proxy Level: 3 Meeting ID: 627256

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Deborah Dunsire		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director Trevor M. Jones		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director Louis J. Lavigne, Jr.		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Ratify Auditors		Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
5       Advisory Vote to Ratify Named Executive Officers’ Compensation		Mgmt	Yes	For	For	For	For
Client Notes: 5.1d
Research Notes: Item 5.1d
6       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
7       Approve Executive Incentive Bonus Plan		Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
8       Approve Omnibus Stock Plan		Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
9       Declassify the Board of Directors		Mgmt	Yes	For	For	For	For
Client Notes: 2.4b
Research Notes: Item 2.4b

Page 36 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		86,700		86,700
		Totals:		86,700		86,700

Manpower Group

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
MAN	03-May-11	USA	56418H100	Annual	22-Feb-11	40,900	40,900	40,900	0

CUSIP: 56418H100 ISIN: US56418H1005 SEDOL: 2562490 Proxy Level: 3 Meeting ID: 632186

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director Cari M. Dominguez		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director Roberto Mendoza		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.3    Elect Director Elizabeth P. Sartain		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.4    Elect Director Edward J. Zore		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.5    Elect Director William Downe		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.6    Elect Director Patricia A. Hemingway Hall		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

Page 37 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

3       Approve Executive Incentive Bonus Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
4       Approve Omnibus Stock Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
5       Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Client Notes: 5.1d
Research Notes: Item 5.1d
6       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
98 Ivy VIP Balanced, 98	115934.1	Confirmed		40,900		40,900
		Totals:		40,900		40,900

Expeditors International of Washington, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
EXPD	04-May-11	USA	302130109	Annual	07-Mar-11	94,800	94,800	94,800	0

CUSIP: 302130109 ISIN: US3021301094 SEDOL: 2325507 Proxy Level: 3 Meeting ID: 630597

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Mark A. Emmert		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director R. Jordan Gates		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director Dan P. Kourkoumelis		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 38 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

4       Elect Director Michael J. Malone	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Elect Director John W. Meisenbach	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Elect Director Peter J. Rose	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Elect Director James L.k. Wang	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8       Elect Director Robert R. Wright	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Client Notes: 5.1d
Research Notes: Item 5.1d
10     Advisory Vote on Say on Pay Frequency	Mgmt	Yes	One Year	One Year	One Year	One Year
Client Notes: 5.5d
Research Notes: Item 5.5b
11     Approve Stock Option Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
12     Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		94,800		94,800
		Totals:		94,800		94,800

General Dynamics Corporation

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
GD	04-May-11	USA	369550108	Annual	07-Mar-11	38,500	38,500	38,500	0

Page 39 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

CUSIP: 369550108 ISIN: US3695501086 SEDOL: 2365161 Proxy Level: 3 Meeting ID: 630724

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Mary T. Barra		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
2       Elect Director Nicholas D. Chabraja		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
3       Elect Director James S. Crown		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
4       Elect Director William P. Fricks		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
5       Elect Director Jay L. Johnson		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
6       Elect Director George A. Joulwan		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
7       Elect Director Paul G. Kaminski		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
8       Elect Director John M. Keane		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
9       Elect Director Lester L. Lyles		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
10     Elect Director William A. Osborn		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
11     Elect Director Robert Walmsley		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
12     Ratify Auditors		Mgmt	Yes	For	For	For	For
Research Notes: Item 3.1a
13     Advisory Vote to Ratify Named Executive Officers’ Compensation		Mgmt	Yes	For	For	For	For
Research Notes: Item 5.1d
14     Advisory Vote on Say on Pay Frequency		Mgmt	Yes	Three Years	One Year	One Year	One Year
Research Notes: Item 5.5b

Page 40 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

15     Review and Assess Human Rights Policies	SH	Yes	Against	For	Against	Against
Research Notes: Item 6.6
16     Amend Articles/Bylaws/Charter -- Call Special Meetings	SH	Yes	Against	For	For	For
Research Notes: Item 3.2b

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		38,500		38,500
		Totals:		38,500		38,500

PepsiCo, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
PEP	04-May-11	USA	713448108	Annual	04-Mar-11	80,700	80,700	80,700	0

CUSIP: 713448108 ISIN: US7134481081 SEDOL: 2681511 Proxy Level: 3 Meeting ID: 632348

Email sent TO [esherwood@waddell.com] and CC [acooper@waddell.com]

Attachment(s): [Printer Friendly Report, ]

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director S.L. Brown		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director I.M. Cook		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director D. Dublon		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Elect Director V.J. Dzau		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Elect Director R.L. Hunt		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 41 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

6       Elect Director A. Ibarguen	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Elect Director A.C. Martinez	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8       Elect Director I.K. Nooyi	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Elect Director S.P. Rockefeller	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
10     Elect Director J.J. Schiro	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11     Elect Director L.G. Trotter	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
12     Elect Director D. Vasella	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
13     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Client Notes: 5.1d
Research Notes: Item 5.1d
14     Advisory Vote on Say on Pay Frequency	Mgmt	Yes	Three Years	One Year	One Year	Three Years
Client Notes: 5.5b per Zack Shafran
Research Notes: Item 5.5b
15     Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
16     Adopt Majority Voting for Uncontested Election of Directors	Mgmt	Yes	For	For	For	For
Research Notes: 7.6a

Page 42 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

17     Amend Articles/Bylaws/Charter -- Call Special Meetings	SH	Yes	Against	For	For	Against
Client Notes: 3.2b per Zack Safran
Research Notes: Item 3.2b
18     Report on Political Contributions	SH	Yes	Against	Against	Against	Against
Client Notes: 7.2b
Research Notes: Item 7.2b

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		80,700		80,700
		Totals:		80,700		80,700

Union Pacific Corporation

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
UNP	05-May-11	USA	907818108	Annual	28-Feb-11	66,000	66,000	66,000	0

CUSIP: 907818108 ISIN: US9078181081 SEDOL: 2914734 Proxy Level: 3 Meeting ID: 636560

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director Andrew H. Card, Jr.		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director Erroll B. Davis, Jr.		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.3    Elect Director Thomas J. Donohue		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.4    Elect Director Archie W. Dunham		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.5    Elect Director Judith Richards Hope		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 43 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

1.6      Elect Director Charles C. Krulak	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.7      Elect Director Michael R. McCarthy	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.8      Elect Director Michael W. McConnell	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.9      Elect Director Thomas F. McLarty III	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.10    Elect Director Steven R. Rogel	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.11    Elect Director Jose H. Villarreal	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.12    Elect Director James R. Young	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          Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Client Notes: 5.1d
Research Notes: Item 5.1d
4          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
5a       Reduce Supermajority Vote Requirement Relating to Preference Rights of Preferred Stock	Mgmt	Yes	For	For	For	For
Client Notes: 3.4b
Research Notes: Item 3.4b

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5b     Reduce Supermajority Vote Requirement Relating to Removal of Directors	Mgmt	Yes	For	For	For	For
Client Notes: 3.4b
Research Notes: Item 3.4b
5c     Reduce Supermajority Vote Requirement Relating to Amendments to Authorized Capital Stock	Mgmt	Yes	For	For	For	For
Client Notes: 3.4b
Research Notes: Item 3.4b
6       Require Independent Board Chairman	SH	Yes	Against	Against	Refer	Against
Client Notes: 2.12 already complies

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		66,000		66,000
		Totals:		66,000		66,000

Colgate-Palmolive Company

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
CL	06-May-11	USA	194162103	Annual	07-Mar-11	52,200	52,200	52,200	0

CUSIP: 194162103 ISIN: US1941621039 SEDOL: 2209106 Proxy Level: 3 Meeting ID: 630603

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director John T. Cahill		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
2       Elect Director Ian Cook		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
3       Elect Director Helene D. Gayle		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
4       Elect Director Ellen M. Hancock		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
5       Elect Director Joseph Jimenez		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
6       Elect Director Richard J. Kogan		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a

Page 45 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

7       Elect Director Delano E. Lewis	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
8       Elect Director J. Pedro Reinhard	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
9       Elect Director Stephen I. Sadove	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
10     Ratify Auditors	Mgmt	Yes	For	For	For	For
Research Notes: Item 3.1a
11     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Research Notes: Item 5.1d
12     Advisory Vote on Say on Pay Frequency	Mgmt	Yes	Two Years	One Year	One Year	One Year
Research Notes: Item 5.5b
13     Amend Articles/Bylaws/Charter -- Call Special Meetings	SH	Yes	Against	For	For	For
Research Notes: Item 3.2b

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		52,200		52,200
		Totals:		52,200		52,200

Cummins Inc.
Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
CMI	10-May-11	USA	231021106	Annual	14-Mar-11	26,700	26,700	26,700	0

CUSIP: 231021106 ISIN: US2310211063 SEDOL: 2240202 Proxy Level: 3 Meeting ID: 631993

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Theodore M. Solso		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
2       Elect Director N. Thomas Linebarger		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
3       Elect Director William I. Miller		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a

Page 46 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

4       Elect Director Alexis M. Herman	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
5       Elect Director Georgia R. Nelson	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
6       Elect Director Carl Ware	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
7       Elect Director Robert K. Herdman	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
8       Elect Director Robert J. Bernhard	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
9       Elect Director Franklin R. Chang-Diaz	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
10     Elect Director Stephen B. Dobbs	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
11     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Research Notes: Item 5.1d
12     Advisory Vote on Say on Pay Frequency	Mgmt	Yes	One Year	One Year	One Year	One Year
Research Notes: Item 5.5b
13     Ratify Auditors	Mgmt	Yes	For	For	For	For
Research Notes: Item 3.1a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		26,700		26,700
		Totals:		26,700		26,700

CB Richard Ellis Group, Inc.
Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
CBG	11-May-11	USA	12497T101	Annual	11-Mar-11	273,500	273,500	273,500	0

CUSIP: 12497T101 ISIN: US12497T1016 SEDOL: B018V21 Proxy Level: 3 Meeting ID: 634415

Voting Policy: Waddell & Reed Ballot Count: 1 Proponent Votable Proposal Mgmt Rec ISS Rec Policy Rec Vote Instruction

Page 47 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

1.1      Elect Director Richard C. Blum	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.2      Elect Director Curtis F. Feeny	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.3      Elect Director Bradford M. Freeman	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.4      Elect Director Michael Kantor	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.5      Elect Director Frederic V. Malek	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.6      Elect Director Jane J. Su	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.7      Elect Director Laura D. Tyson	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.8      Elect Director Brett White	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.9      Elect Director Gary L. Wilson	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.10    Elect Director Ray Wirta	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
98 Ivy VIP Balanced, 98	115934.1	Confirmed		273,500		273,500
		Totals:		273,500		273,500

ConocoPhillips

Page 48 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
COP	11-May-11	USA	20825C104	Annual	14-Mar-11	115,500	115,500	115,500	0

CUSIP: 20825C104 ISIN: US20825C1045 SEDOL: 2685717 Proxy Level: 3 Meeting ID: 634412

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Richard L. Armitage		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director Richard H. Auchinleck		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director James E. Copeland, Jr.		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Elect Director Kenneth M. Duberstein		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Elect Director Ruth R. Harkin		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Elect Director Harold W. McGraw III		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Elect Director James J. Mulva		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8       Elect Director Robert A. Niblock		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Elect Director Harald J. Norvik		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 49 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

10     Elect Director William K. Reilly	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11     Elect Director Victoria J. Tschinkel	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
12     Elect Director Kathryn C. Turner	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
13     Elect Director William E. Wade, Jr.	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
14     Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
15     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	Against	Refer	For
Client Notes: 5.1d Per ZHS
16     Advisory Vote on Say on Pay Frequency	Mgmt	Yes	None	One Year	One Year	One Year
Client Notes: 5.5b
Research Notes: Item 5.5b
17     Approve Omnibus Stock Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
18     Amend EEO Policy to Prohibit Discrimination based on Gender Identity	SH	Yes	Against	For	Refer	Against
Client Notes: 6.1
19     Report on Political Contributions	SH	Yes	Against	For	Against	Against
Client Notes: 7.2b
Research Notes: Item 7.2b
20     Report on Lobbying Expenses	SH	Yes	Against	For	Against	Against
Client Notes: 7.2b
Research Notes: Item 7.2b
21     Report on Accident Risk Reduction Efforts	SH	Yes	Against	Against	Refer	Against
Client Notes: 6.2

Page 50 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

22     Adopt Policy to Address Coastal Louisiana Environmental Impacts	SH	Yes	Against	Against	Refer	Against
Client Notes: 6.2
Research Notes: Item 6.2
23     Adopt Quantitative GHG Goals for Products and Operations	SH	Yes	Against	For	Refer	Against
Client Notes: 6.2
Research Notes: Item 6.2
24     Report on Financial Risks of Climate Change	SH	Yes	Against	Against	Refer	Against
Client Notes: 6.2
Research Notes: Item 6.2
25     Report on Environmental Impact of Oil Sands Operations in Canada	SH	Yes	Against	For	Refer	Against
Client Notes: 6.2
Research Notes: Item 6.2

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		115,500		115,500
		Totals:		115,500		115,500

Philip Morris International Inc.
Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
PM	11-May-11	USA	718172109	Annual	15-Mar-11	89,500	89,500	89,500	0

CUSIP: 718172109 ISIN: US7181721090 SEDOL: B2PKRQ3 Proxy Level: 3 Meeting ID: 632784

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Harold Brown		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director Mathis Cabiallavetta		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director Louis C. Camilleri		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 51 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

4       Elect Director J. Dudley Fishburn	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Elect Director Jennifer Li	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Elect Director Graham Mackay	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Elect Director Sergio Marchionne	Mgmt	Yes	For	Against	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8       Elect Director Lucio A. Noto	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Elect Director Carlos Slim Helu	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
10     Elect Director Stephen M. Wolf	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11     Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
12     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Client Notes: 5.1d
Research Notes: Item 5.1d
13     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
14     Report on Effect of Marketing Practices on the Poor	SH	Yes	Against	Against	Refer	Against
Client Notes: 5.4

Page 52 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

15     Require Independent Board Chairman	SH	Yes	Against	Against	Refer	For
Client Notes: 2.12
Research Notes: Item 2.12

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		89,500		89,500
		Totals:		89,500		89,500

The Dow Chemical Company
Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
DOW	12-May-11	USA	260543103	Annual	14-Mar-11	138,100	138,100	138,100	0

CUSIP: 260543103 ISIN: US2605431038 SEDOL: 2278719 Proxy Level: 3 Meeting ID: 632365

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Arnold A. Allemang		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
2       Elect Director Jacqueline K. Barton		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
3       Elect Director James A. Bell		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
4       Elect Director Jeff M. Fettig		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
5       Elect Director Barbara H. Franklin		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
6       Elect Director Jennifer M. Granholm		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
7       Elect Director John B. Hess		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
8       Elect Director Andrew N. Liveris		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
9       Elect Director Paul Polman		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a

Page 53 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

10     Elect Director Dennis H. Reilley	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
11     Elect Director James M. Ringler	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
12     Elect Director Ruth G. Shaw	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
13     Elect Director Paul G. Stern	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
14     Ratify Auditors	Mgmt	Yes	For	For	For	For
Research Notes: Item 3.1a
15     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Research Notes: Item 5.1d
16     Advisory Vote on Say on Pay Frequency	Mgmt	Yes	Three Years	One Year	One Year	One Year
Research Notes: Item 5.5b
17     Provide Right to Act by Written Consent	SH	Yes	Against	For	For	For
Research Notes: Item 3.3b

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		138,100		138,100
		Totals:		138,100		138,100

Community Health Systems, Inc.
Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
CYH	17-May-11	USA	203668108	Annual	25-Mar-11	36,300	36,300	36,300	0

CUSIP: 203668108 ISIN: US2036681086 SEDOL: 2600248 Proxy Level: 3 Meeting ID: 638355

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director W. Larry Cash		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director James S. Ely III		Mgmt	Yes	For	Against	Refer	Against
Client Notes: 2.6b per Matt Norris

Page 54 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

3       Elect Director John A. Fry	Mgmt	Yes	For	Against	Refer	Against
Client Notes: 2.6b per Matt Norris
4       Elect Director William Norris Jennings	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Elect Director H. Mitchell Watson, Jr.	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Client Notes: 5.1d
Research Notes: Item 5.1d
7       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
8       Amend Omnibus Stock Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
9       Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		36,300		36,300
		Totals:		36,300		36,300

JPMorgan Chase & Co.
Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
JPM	17-May-11	USA	46625h100	Annual	18-Mar-11	227,600	227,600	227,600	0

CUSIP: 46625H100 ISIN: US46625H1005 SEDOL: 2190385 Proxy Level: 3 Meeting ID: 636102

Voting Policy: Waddell & Reed Ballot Count: 1 Proponent Votable
Proposal Mgmt Rec ISS Rec Policy Rec Vote
Instruction

Page 55 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

1       Elect Director Crandall C. Bowles	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director Stephen B. Burke	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director David M. Cote	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Elect Director James S. Crown	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Elect Director James Dimon	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Elect Director Ellen V. Futter	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Elect Director William H. Gray, III	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8       Elect Director Laban P. Jackson, Jr.	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Elect Director David C. Novak	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
10     Elect Director Lee R. Raymond	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11     Elect Director William C. Weldon	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 56 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

12     Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
13     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	Against	Refer	For
Client Notes: 5.1d
14     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
15     Amend Omnibus Stock Plan	Mgmt	Yes	For	Against	Refer	For
Client Notes: 4.1
16     Affirm Political Non-Partisanship	SH	Yes	Against	Against	Refer	Against
Client Notes: 7.2b
17     Provide Right to Act by Written Consent	SH	Yes	Against	For	For	For
Client Notes: 3.3b
Research Notes: Item 3.3b
18     Report on Loan Modifications	SH	Yes	Against	Against	Refer	Against
Client Notes: 5.4
19     Report on Political Contributions	SH	Yes	Against	For	Against	Against
Client Notes: 7.2b
Research Notes: Item 7.2b
20     Institute Procedures to Prevent Investments in Companies that Contribute to Genocide or Crimes Against Humanity	SH	Yes	Against	Against	Against	Against
Client Notes: 6.6
Research Notes: Item 6.6
21     Require Independent Board Chairman	SH	Yes	Against	Against	Refer	Against
Client Notes: 2.12
Research Notes: Item 2.12

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		227,600		227,600
		Totals:		227,600		227,600

Southwestern Energy Company

Page 57 of 79

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Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shareson Loan
SWN	17-May-11	USA	845467109	Annual	25-Mar-11	76,300	76,300	76,300	0

CUSIP: 845467109 ISIN: US8454671095 SEDOL: 2828619 Proxy Level: 3 Meeting ID: 636804

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Lewis E. Epley, Jr.		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
2       Elect Director Robert L. Howard		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
3       Elect Director Greg D. Kerley		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
4       Elect Director Harold M. Korell		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
5       Elect Director Vello A. Kuuskraa		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
6       Elect Director Kenneth R. Mourton		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
7       Elect Director Steven L. Mueller		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
8       Elect Director Charles E. Scharlau		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
9       Elect Director Alan H. Stevens		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
10     Ratify Auditors		Mgmt	Yes	For	For	For	For
Research Notes: Item 3.1a
11     Advisory Vote to Ratify Named Executive Officers’ Compensation		Mgmt	Yes	For	For	For	For
Research Notes: Item 5.1d
12     Advisory Vote on Say on Pay Frequency		Mgmt	Yes	One Year	One Year	One Year	One Year
Research Notes: Item 5.5b
13     Provide Right to Call Special Meeting		Mgmt	Yes	For	Against	For	For
Research Notes: Item 3.2b

Page 58 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

14     Report on Political Contributions	SH	Yes	Against	For	Against	Against
Research Notes: Item 7.2b

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		76,300		76,300
		Totals:		76,300		76,300

Wynn Resorts, Limited

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
WYNN	17-May-11	USA	983134107	Annual	25-Mar-11	45,900	45,900	45,900	0

CUSIP: 983134107 ISIN: US9831341071 SEDOL: 2963811 Proxy Level: 3 Meeting ID:637780

Voting Policy: Waddell & Reed		Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1	Elect Director Russell Goldsmith		Mgmt	Yes	For	For	For	For
	Client Notes: 2.6a
	Research Notes: Item 2.6a
1.2	Elect Director Robert J. Miller		Mgmt	Yes	For	For	For	For
	Client Notes: 2.6a
	Research Notes: Item 2.6a
1.3	Elect Director Kazuo Okada		Mgmt	Yes	For	Withhold	Refer	For
	Client Notes: 2.6a
1.4	Elect Director Allan Zeman		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	Against	Refer	For
	Client Notes: 5.1d per Zack Shafran
3	Advisory Vote on Say on Pay Frequency		Mgmt	Yes	None	One Year	One Year	Three Years
	Client Notes: 5.5b per Ryan Caldwell
	Research Notes: Item 5.5b
4	Amend Omnibus Stock Plan		Mgmt	Yes	For	For	Refer	For
	Client Notes: 4.1

Page 59 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

5       Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
6       Require a Majority Vote for the Election of Directors	SH	Yes	Against	For	For	Against
Client Notes: 7.6b per Zack Shafran
Research Notes: Item 7.6a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		45,900		45,900
		Totals:		45,900		45,900

Henry Schein, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
HSIC	18-May-11	USA	806407102	Annual	21-Mar-11	82,800	82,800	82,800	0

CUSIP: 806407102 ISIN: US8064071025 SEDOL: 2416962 Proxy Level: 3 Meeting ID: 637785

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director Stanley M Bergman		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director Gerald A Benjamin		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.3    Elect Director James P Breslawski		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.4    Elect Director Mark E Mlotek		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.5    Elect Director Steven Paladino		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 60 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

1.6      Elect Director Barry J Alperin	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.7      Elect Director Paul Brons	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.8      Elect Director Donald J Kabat	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.9      Elect Director Philip A Laskawy	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.10    Elect Director Karyn Mashima	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.11    Elect Director Norman S Matthews	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.12    Elect Director Bradley T Sheares, Phd	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.13    Elect Director Louis W Sullivan, Md	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2          Amend Omnibus Stock Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
3          Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Client Notes: 5.1d
Research Notes: Item 5.1d
4          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

Page 61 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

5       Ratify Auditors	Mgmt	Yes	for	for	for	for
Client Notes: 3.1a
Research Notes: Item 3.1a

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		82,800		82,800
		Totals:		82,800		82,800

PPL Corporation
Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
PPL	18-May-11	USA	69351T106	Annual	28-Feb-11	127,700	127,700	127,700	0

CUSIP: 69351T106 ISIN: US69351T1060 SEDOL: 2680905 Proxy Level: 3 Meeting ID: 637591

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director Frederick M. Bernthal		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director John W. Conway		Mgmt	Yes	For	Withhold	Refer	Withhold
Client Notes: 2.6b < 75% attendance
Research Notes: Item 2.6b(d)
1.3    Elect Director Steven G. Elliott		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.4    Elect Director Louise K. Goeser		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.5    Elect Director Stuart E. Graham		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.6    Elect Director Stuart Heydt		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 62 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

1.7      Elect Director James H. Miller	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.8      Elect Director Craig A. Rogerson	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.9      Elect Director Natica von Althann	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.10    Elect Director Keith W. Williamson	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2          Approve Executive Incentive Bonus Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
3          Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
4          Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	Against	Refer	For
Client Notes: 5.1d per Zack Shafran
5          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
6          Require a Majority Vote for the Election of Directors	SH	Yes	Against	For	For	For
Client Notes: 7.6a
Research Notes: Item 7.6a
7          Amend Articles/Bylaws/Charter -- Call Special Meetings	SH	Yes	Against	For	For	For
Client Notes: 3.2b
Research Notes: Item 3.2b

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		127,700		127,700
		Totals:		127,700		127,700

Page 63 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

Halliburton Company

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
HAL	19-May-11	USA	406216101	Annual	21-Mar-11	138,700	138,700	138,700	0

CUSIP: 406216101 ISIN: US4062161017 SEDOL: 2405302 Proxy Level: 3 Meeting ID: 635633

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Alan M. Bennett		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
2       Elect Director James R. Boyd		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
3       Elect Director Milton Carroll		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
4       Elect Director Nance K. Dicciani		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
5       Elect Director S. Malcolm Gillis		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
6       Elect Director Abdallah S. Jum’ah		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
7       Elect Director David J. Lesar		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
8       Elect Director Robert A. Malone		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
9       Elect Director J Landis Martin		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
10     Elect Director Debra L. Reed		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
11     Ratify Auditors		Mgmt	Yes	For	For	For	For
Research Notes: Item 3.1a
12     Advisory Vote to Ratify Named Executive Officers’ Compensation		Mgmt	Yes	For	For	For	For
Research Notes: Item 5.1d

Page 64 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

13     Advisory Vote on Say on Pay Frequency	Mgmt	Yes	One Year	One Year	One Year	One Year
Research Notes: Item 5.5b
14     Review and Assess Human Rights Policies	SH	Yes	Against	For	Against	Against
Research Notes: Item 6.6
15     Report on Political Contributions	SH	Yes	Against	For	Against	Against
Research Notes: Item 7.2b

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		138,700		138,700
		Totals:		138,700		138,700

McDonald’s Corporation

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
MCD	19-May-11	USA	580135101	Annual	22-Mar-11	73,500	73,500	73,500	0

CUSIP: 580135101 ISIN: US5801351017 SEDOL: 2550707 Proxy Level: 3 Meeting ID: 637787

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Susan E. Arnold		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director Richard H. Lenny		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director Cary D. McMillan		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Elect Director Sheila A. Penrose		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Elect Director James A. Skinner		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 65 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

6       Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
7       Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Client Notes: 5.1d
Research Notes: Item 5.1d
8       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
9       Reduce Supermajority Vote Requirement for Transactions With Interested Shareholders	Mgmt	Yes	For	For	For	For
Client Notes: 3.4b
Research Notes: Item 3.4b
10     Reduce Supermajority Vote Requirement Relating to the Board of Directors	Mgmt	Yes	For	For	For	For
Client Notes: 3.4b
Research Notes: Item 3.4b
11     Reduce Supermajority Vote Requirement for Shareholder Action	Mgmt	Yes	For	For	For	For
Client Notes: 3.4b
Research Notes: Item 3.4b
12     Declassify the Board of Directors	SH	Yes	Against	For	For	For
Client Notes: 2.4b
Research Notes: Item 2.4b
13     Require Suppliers to Adopt CAK	SH	Yes	Against	Against	Refer	Against
Client Notes: 6.4
14     Report on Policy Responses to Children’s Health Concerns and Fast Food	SH	Yes	Against	Against	Refer	Against
Client Notes: 5.4
15     Report on Beverage Container Environmental Strategy	SH	Yes	Against	For	Refer	Against
Client Notes: 6.2 Erik Becker

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		73,500		73,500
		Totals:		73,500		73,500

Page 66 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

National Oilwell Varco, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
NOV	19-May-11	USA	637071101	Annual	28-Mar-11	124,400	124,400	124,400	0

CUSIP: 637071101 ISIN: US6370711011 SEDOL: 2624486 Proxy Level: 3 Meeting ID: 637926

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Robert E. Beauchamp		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
2       Elect Director Jeffery A. Smisek		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
3       Ratify Auditors		Mgmt	Yes	For	For	For	For
Research Notes: Item 3.1a
4       Advisory Vote to Ratify Named Executive Officers’ Compensation		Mgmt	Yes	For	For	For	For
Research Notes: Item 5.1d
5       Advisory Vote on Say on Pay Frequency		Mgmt	Yes	One Year	One Year	One Year	One Year
Research Notes: Item 5.5b
6       Declassify the Board of Directors		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.4b
7       Increase Authorized Common Stock		Mgmt	Yes	For	For	For	For
Research Notes: Item 3.6
8       Report on Political Contributions		SH	Yes	Against	For	Against	Against
Research Notes: Item 7.2b

Accounts and Shares Institutional Account Detail ( IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		124,400		124,400
		Totals:		124,400		124,400

Quanta Services, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
PWR	19-May-11	USA	74762E102	Annual	21-Mar-11	214,500	214,500	214,500	0

CUSIP: 74762E102 ISIN: US74762E1029 SEDOL: 2150204 Proxy Level: 4 Meeting ID: 637864

Page 67 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director James R. Ball		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director John R. Colson		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director J. Michal Conaway		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Elect Director Ralph R. DiSibio		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Elect Director Bernard Fried		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Elect Director Louis C. Golm		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Elect Director Worthing F. Jackman		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8       Elect Director James F. O’Neil III		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Elect Director Bruce Ranck		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
10     Elect Director Pat Wood, III		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 68 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

11     Increase Authorized Common Stock	Mgmt	Yes	For	For	For	For
Client Notes: 3.6
Research Notes: Item 3.6
12     Approve Conversion of Securities	Mgmt	Yes	For	For	Refer	For
Client Notes: 3.6
13     Eliminate Provision Stating Directors May Only Be Removed for Cause	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.23b
14     Amend Director/Officer Liability and Indemnification	Mgmt	Yes	For	For	Refer	For
Client Notes: 2.9c
Research Notes: Item 2.9c
15     Amend Quorum Requirements	Mgmt	Yes	For	Against	Refer	Against
Client Notes: 3.23c
16     Approve Preferred Stock Amendment	Mgmt	Yes	For	Against	Refer	Against
Client Notes: 3.7
17     Approve Omnibus Stock Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
18     Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
19     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Client Notes: 5.1d
Research Notes: Item 5.1d
20     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
98 Ivy VIP Balanced, 98	115934.1	Confirmed		214,500		214,500
		Totals:		214,500		214,500

Macy’s, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
M	20-May-11	USA	55616P104	Annual	25-Mar-11	171,600	171,600	171,600	0

Page 69 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

CUSIP: 55616P104 ISIN: US55616P1049 SEDOL: 2345022 Proxy Level: 3 Meeting ID: 634741

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1      Elect Director Stephen F. Bollenbach		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.2      Elect Director Deirdre P. Connelly		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.3      Elect Director Meyer Feldberg		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.4      Elect Director Sara Levinson		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.5      Elect Director Terry J. Lundgren		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.6      Elect Director Joseph Neubauer		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.7      Elect Director Joseph A. Pichler		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.8      Elect Director Joyce M. Roché		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.9      Elect Director Craig E. Weatherup		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.10    Elect Director Marna C. Whittington		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          Adopt Majority Voting for Uncontested Election of Directors		Mgmt	Yes	For	For	For	For
Research Notes: Item 7.6a
4          Advisory Vote to Ratify Named Executive Officers’ Compensation		Mgmt	Yes	For	For	For	For
Research Notes: Item 5.1d
5          Advisory Vote on Say on Pay Frequency		Mgmt	Yes	One Year	One Year	One Year	One Year
Research Notes: Item 5.5b

Page 70 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		171,600		171,600
		Totals:		171,600		171,600

DENTSPLY International Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
XRAY	25-May-11	USA	249030107	Annual	28-Mar-11	159,100	159,100	159,100	0

CUSIP: 249030107 ISIN: US2490301072 SEDOL: 2364339 Proxy Level: 3 Meeting ID: 643552

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director Michael C. Alfano		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.2    Elect Director Eric K. Brandt		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.3    Elect Director William F. Hecht		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.4    Elect Director Francis J. Lunger		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
98 Ivy VIP Balanced, 98	115934.1	Confirmed		159,100		159,100
		Totals:		159,100		159,100

Exxon Mobil Corporation

Page 71 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
XOM	25-May-11	USA	30231G102	Annual	06-Apr-11	51,700	51,700	51,700		0

CUSIP: 30231G102 ISIN: US30231G1022 SEDOL: 2326618 Proxy Level: 3 Meeting ID: 639738

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director M.J. Boskin		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.2    Elect Director P. Brabeck-Letmathe		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.3    Elect Director L.R. Faulkner		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.4    Elect Director J.S. Fishman		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.5    Elect Director K.C. Frazier		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.6    Elect Director W.W. George		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.7    Elect Director M.C. Nelson		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.8    Elect Director S.J. Palmisano		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.9    Elect Director S.S. Reinemund		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 72 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

1.10    Elect Director R.W. Tillerson	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
1.11    Elect Director E.E. Whitacre, Jr.	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          Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	Against	Refer	For
Client Notes: 5.1d per Zack Shafran
4          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
5          Require Independent Board Chairman	SH	Yes	Against	For	Refer	For
Client Notes: 2.12
Research Notes: Item 2.12
6          Report on Political Contributions	SH	Yes	Against	For	Against	Against
Client Notes: 7.2b
Research Notes: Item 7.2b
7          Amend EEO Policy to Prohibit Discrimination based on Sexual Orientation and Gender Identity	SH	Yes	Against	Against	Against	Against
Client Notes: 6.1
Research Notes: Item 6.1
8          Adopt Policy on Human Right to Water	SH	Yes	Against	Against	Against	Against
Client Notes: 6.6
Research Notes: Item 6.6
9          Report on Environmental Impact of Oil Sands Operations in Canada	SH	Yes	Against	For	Refer	Against
Client Notes: 6.2
Research Notes: Item 6.2
10       Report on Environmental Impacts of Natural Gas Fracturing	SH	Yes	Against	For	Refer	Against
Client Notes: 6.2
Research Notes: Item 6.2

Page 73 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

11     Report on Energy Technologies Development	SH	Yes	Against	Against	Refer	Against
Client Notes: 6.2
Research Notes: Item 6.2
12     Adopt Quantitative GHG Goals for Products and Operations	SH	Yes	Against	For	Refer	Against
Client Notes: 6.2
Research Notes: Item 6.2

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		51,700		51,700
		Totals:		51,700		51,700

Limited Brands, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
LTD	26-May-11	USA	532716107	Annual	28-Mar-11	127,100	127,100	127,100	0

CUSIP: 532716107 ISIN: US5327161072 SEDOL: 2516185 Proxy Level: 3 Meeting ID: 639158

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Donna A. James		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
2       Elect Director Jeffrey H. Miro		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director Raymond Zimmerman		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Ratify Auditors		Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
5       Approve Omnibus Stock Plan		Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1
6       Approve Executive Incentive Bonus Plan		Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1

Page 74 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

7       Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	Against	Refer	For
Client Notes: 5.1d
8       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
9       Reduce Supermajority Vote Requirement	SH	Yes	Against	For	For	For
Client Notes: 3.4b
Research Notes: Item 3.4b

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		127,100		127,100
		Totals:		127,100		127,100

The Travelers Companies, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
TRV	26-May-11	USA	89417E109	Annual	28-Mar-11	83,100	83,100	83,100	0

CUSIP: 89417E109 ISIN: US89417E1091 SEDOL: 2769503 Proxy Level: 3 Meeting ID: 638710

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Alan L. Beller		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
2       Elect Director John H. Dasburg		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
3       Elect Director Janet M. Dolan		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
4       Elect Director Kenneth M. Duberstein		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
5       Elect Director Jay S. Fishman		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
6       Elect Director Lawrence G. Graev		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a

Page 75 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

7       Elect Director Patricia L. Higgins	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
8       Elect Director Thomas R. Hodgson	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
9       Elect Director Cleve L. Killingsworth, Jr.	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
10     Elect Director Donald J. Shepard	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
11     Elect Director Laurie J. Thomsen	Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
12     Ratify Auditors	Mgmt	Yes	For	For	For	For
Research Notes: Item 3.1a
13     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Research Notes: Item 5.1d
14     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
98 Ivy VIP Balanced, 98	115934.1	Confirmed		83,100		83,100
		Totals:		83,100		83,100

Target Corporation

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
TGT	08-Jun-11	USA	87612E106	Annual	11-Apr-11	69,600	69,600	69,600	0

CUSIP: 87612E106 ISIN: US87612E1064 SEDOL: 2259101 Proxy Level: 3 Meeting ID: 644692

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1       Elect Director Roxanne S. Austin		Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a

Page 76 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

2       Elect Director Calvin Darden	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
3       Elect Director Mary N. Dillon	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
4       Elect Director James A. Johnson	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
5       Elect Director Mary E. Minnick	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
6       Elect Director Anne M. Mulcahy	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
7       Elect Director Derica W. Rice	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
8       Elect Director Stephen W. Sanger	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
9       Elect Director Gregg W. Steinhafel	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
10     Elect Director John G. Stumpf	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
11     Elect Director Solomon D. Trujillo	Mgmt	Yes	For	For	For	For
Client Notes: 2.6a
Research Notes: Item 2.6a
12     Ratify Auditors	Mgmt	Yes	For	For	For	For
Client Notes: 3.1a
Research Notes: Item 3.1a
13     Approve Omnibus Stock Plan	Mgmt	Yes	For	For	Refer	For
Client Notes: 4.1

Page 77 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

14     Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For	For	For
Client Notes: 5.1d
Research Notes: Item 5.1d
15     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
16     Adopt Compensation Benchmarking Policy	SH	Yes	Against	For	Refer	Against
Client Notes: 5.1c per Cynthia Prince-Fox
17     Report on Electronics Recycling and Preventing E-Waste Export	SH	Yes	Against	For	Refer	Against
Client Notes: 6.2 per Cynthia Prince-Fox

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
98 Ivy VIP Balanced, 98	115934.1	Confirmed		69,600		69,600
		Totals:		69,600		69,600

Hyatt Hotels Corporation

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
H	15-Jun-11	USA	448579102	Annual	18-Apr-11	147,300	147,300	147,300	0

CUSIP: 448579102 ISIN: US4485791028 SEDOL: B5B82X4 Proxy Level: 3 Meeting ID: 644122

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director Thomas J. Pritzker		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.2    Elect Director James H. Wooten, Jr.		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.3    Elect Director Byron D. Trott		Mgmt	Yes	For	Withhold	For	For
Research Notes: Item 2.6a
1.4    Elect Director Richard C. Tuttle		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

Page 78 of 79

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 98 Ivy VIP Balanced

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	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
98 Ivy VIP Balanced, 98	115934.1	Confirmed		147,300		147,300
		Totals:		147,300		147,300

Page 79 of 79

IVY FUNDS VIP BOND

Proxy Voting Record

There was no proxy voting for Ivy Funds VIP Bond, 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.

IVY FUNDS VIP CORE EQUITY

Proxy Voting Record

Vote Summary Report
Report was run from: 6/30/10 to 7/1/11 Location(s): Waddell & Reed Investment Management Company Institution Account(s): 95 Ivy VIP Core Equity

Microchip Technology Incorporated

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available	Shares on Loan
MCHP	20-Aug-10	USA	595017104	Annual	21-Jun-10	303,527	303,527	303,527	0

CUSIP: 595017104 ISIN: US5950171042 SEDOL: 2592174 Proxy Level: 1 Meeting ID: 593440

Voting Policy: Waddell & Reed	Ballot Count: 1	Proponent	Votable Proposal	Mgmt Rec	ISS Rec	Policy Rec	Vote Instruction
1.1    Elect Director Steve Sanghi		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.2    Elect Director Albert J. Hugo-Martinez		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.3    Elect Director L.B. Day		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.4    Elect Director Matthew W. Chapman		Mgmt	Yes	For	For	For	For
Research Notes: Item 2.6a
1.5    Elect Director Wade F. Meyercord		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

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available		Voted
95 Ivy VIP Core Equity, 95	115910.1	Confirmed		303,527		303,527
		Totals:		303,527		303,527

Smith International, Inc.

Ticker	Meeting Date	Country	Security ID	Meeting Type	Record Date	Shares Voted	Shares Instructed	Shares Available		Shares on Loan
SII	24-Aug-10	USA	832110100	Annual	26-Jul-10	97,209	97,209		97,209	0

CUSIP: 832110100 ISIN: US8321101003 SEDOL: 2816409 Proxy Level: 5 Meeting ID: 595085

Voting Policy: Waddell & Reed Ballot Count: 1 Proponent