N-PX 1 dnpx.htm IVY FUNDS Ivy Funds

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-6569

IVY FUNDS

(Exact Name as Specified in Charter)

 

6300 Lamar Avenue, Overland Park, Kansas 66202-4200
(Address of Principal Executive Office) (Zip Code)

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

(Name and Address of Agent for Service)

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

Date of fiscal year end: March 31

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


IVY ASSET STRATEGY FUND

Proxy Voting Record

 

Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

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    521,600    521,600    521,600    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 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

Accounts and Shares
Institutional Account Detail (IA Name, IA Number)

 

Custodian
Account

 

Ballot
Status

  Available     Voted  

6 Ivy Asset Strategy, 6

  610591653   Confirmed     521,600        521,600   
    Totals:     521,600        521,600   
     

 

 

   

 

 

 

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    142,842,000    142,842,000    142,842,000    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 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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  

6 Ivy Asset Strategy, 6

  610591653   Confirmed     142,842,000        142,842,000   
    Totals:     142,842,000        142,842,000   
     

 

 

   

 

 

 

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    5,958,000    5,958,000    5,958,000    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 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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  

6 Ivy Asset Strategy, 6

  115973.1   Confirmed     5,958,000        5,958,000   
    Totals:     5,958,000        5,958,000   
     

 

 

   

 

 

 

 

Page 4 of 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

Li & Fung Limited

 

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       47,042,200    47,042,200    47,042,200    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  

6 Ivy Asset Strategy, 6

  610591653   Confirmed     47,042,200        47,042,200   
    Totals:     47,042,200        47,042,200   
     

 

 

   

 

 

 

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    2,435,800    2,435,800    2,435,800    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 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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  

6 Ivy Asset Strategy, 6

  115973.1   Confirmed     2,435,800        2,435,800   
    Totals:     2,435,800        2,435,800   
     

 

 

   

 

 

 

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    887,273,200    887,273,200    887,273,200    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 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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

   Mgmt    Yes    For    For    For    For
  

Client Notes: 2.6a

                    
  

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  

6 Ivy Asset Strategy, 6

  610591653   Confirmed     887,273,200        887,273,200   
    Totals:     887,273,200        887,273,200   
     

 

 

   

 

 

 

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    887,273,200    887,273,200    887,273,200    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 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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  

6 Ivy Asset Strategy, 6

  610591653   Confirmed     887,273,200        887,273,200   
    Totals:     887,273,200        887,273,200   
     

 

 

   

 

 

 

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    13,266,200    13,266,200    13,266,200    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 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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  

6 Ivy Asset Strategy, 6

  610591653   Confirmed     13,266,200        13,266,200   
    Totals:     13,266,200        13,266,200   
     

 

 

   

 

 

 

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       64,600,000    64,600,000    64,600,000    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  

6 Ivy Asset Strategy, 6

  610591653   Confirmed     64,600,000        64,600,000   
    Totals:     64,600,000        64,600,000   
     

 

 

   

 

 

 

 

Page 9 of 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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

   01-Nov-10    Hong Kong    Y69790106    Special    29-Sep-10    7,339,500    7,339,500    7,339,500    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  

6 Ivy Asset Strategy, 6

  610591653   Confirmed     7,339,500        7,339,500   
    Totals:     7,339,500        7,339,500   
     

 

 

   

 

 

 

 

Page 10 of 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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  

6 Ivy Asset Strategy, 6

  610591653   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    37,787,000    37,787,000    37,787,000    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  

6 Ivy Asset Strategy, 6

  610591653   Confirmed     37,787,000        37,787,000   
    Totals:     37,787,000        37,787,000   
     

 

 

   

 

 

 

 

Page 11 of 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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    70,049,000    70,049,000    70,049,000    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

                    
  

Special Business

      Mgmt    No            

 

Page 12 of 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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  

6 Ivy Asset Strategy, 6

  610591653   Confirmed     70,049,000        70,049,000   
    Totals:     70,049,000        70,049,000   
     

 

 

   

 

 

 

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       9,646,500    9,646,500    9,646,500    0

 

CUSIP:

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

 

Voting Policy: Waddell & Reed

  

Ballot Count: 2

  

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  

6 Ivy Asset Strategy, 6

  610591653   Confirmed     9,646,500        9,646,500   
    Totals:     9,646,500        9,646,500   
     

 

 

   

 

 

 

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    06-Jan-11    6,878,300    6,878,300    6,878,300    0

 

CUSIP:

  P1505Z137    ISIN:   BRSANBACNPR5    SEDOL:   2835578    Proxy Level:    N/A    Meeting ID:   616376

 

Page 13 of 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

Voting Policy: Waddell & Reed

  

Ballot Count: 2

  

Proponent

  

Votable
Proposal

  

Mgmt
Rec

  

ISS Rec

  

Policy
Rec

  

Vote
Instruction

  

Meeting for ADR Holders

      Mgmt    No            
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  

6 Ivy Asset Strategy, 6

  115973.1   Confirmed     6,878,300        6,878,300   
    Totals:     6,878,300        6,878,300   
     

 

 

   

 

 

 

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    2,132,400    2,132,400    2,132,400    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

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

                    

 

Page 14 of 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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

                    
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  

6 Ivy Asset Strategy, 6

  115973.1   Confirmed     2,132,400        2,132,400   
    Totals:     2,132,400        2,132,400   
     

 

 

   

 

 

 

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       16,831,000    16,831,000    16,831,000    0

 

CUSIP:

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

 

Page 15 of 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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  

6 Ivy Asset Strategy, 6

  610591653   Confirmed     16,831,000        16,831,000   
    Totals:     16,831,000        16,831,000   
     

 

 

   

 

 

 

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    4,685,300    4,685,300    4,685,300    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

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  

6 Ivy Asset Strategy, 6

  610591653   Confirmed     4,685,300        4,685,300   
    Totals:     4,685,300        4,685,300   
     

 

 

   

 

 

 

 

Page 16 of 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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    3,264,898    3,264,898    3,264,898    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

                 
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

                 

 

Page 17 of 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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

                    
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

                    

 

Page 18 of 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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

                    
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  

6 Ivy Asset Strategy, 6

  610591653   Confirmed     3,264,898        3,264,898   
    Totals:     3,264,898        3,264,898   
     

 

 

   

 

 

 

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    6,103,700    6,103,700    6,103,700    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

                    

 

Page 19 of 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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

                    
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

                    

 

Page 20 of 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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

                    
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  

6 Ivy Asset Strategy, 6

  115973.1   Confirmed     6,103,700        6,103,700   
    Totals:     6,103,700        6,103,700   
     

 

 

   

 

 

 

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    22,800,800    22,800,800    22,800,800    0

 

CUSIP:

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

 

Page 21 of 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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

                 
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

                 

 

Page 22 of 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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: 4.1

                    
  

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

                    
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  

6 Ivy Asset Strategy, 6

  610591653   Confirmed     22,800,800        22,800,800   
    Totals:     22,800,800        22,800,800   
     

 

 

   

 

 

 

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    6,985,600    6,985,600    6,985,600    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            

 

Page 23 of 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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

                    
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

                    

 

Page 24 of 80


Vote Summary Report

 

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

 

Location(s): Ivy Investment Management Company

 

Institution Account(s): 6 Ivy Asset Strategy

  LOGO

 

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

                    
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  

6 Ivy Asset Strategy, 6

  610591653   Confirmed     6,985,600        6,985,600   
    Totals:     6,985,600        6,985,600   
     

 

 

   

 

 

 

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    2,450,400    2,450,400    2,450,400    0

 

CUSIP:

  878742204