Due to size constraints, this filing is being made in 4 related submissions. This submission is the first of the 4 related submissions.

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

811-07572

Principal Funds, Inc.
------------------------------------------------------------------------------------------------------------------------
(Exact name of registrant as specified in charter)

711 High Street Des Moines, IA 50392
------------------------------------------------------------------------------------------------------------------------

(Address of principal executive offices) MICHAEL D. ROUGHTON The Principal Financial Group Des Moines, Iowa 50392-0300 (Zip code) Copy to: John W. Blouch, Esq. Dykema Gossett PLLC Franklin Square, Suite 300 West 1300 I Street, N.W. Washington, DC 20005-3306

------------------------------------------------------------------------------------------------------------------------
(Name and address of agent for service)

Registrant's telephone number, including area code: 515-248-3842

Date of fiscal year end: 10/31 

Date of reporting period: 07/01/2007 - 06/30/2008 

	Fund: Principal Funds, Inc. – Bond & Mortgage Securities Fund
		Sub-Advisor: Principal Global Investors
		Vote Summary Report
		July 1, 2007 - June 30, 2008
Principal Funds, Inc. – Bond & Mortgage Securities Fund
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
7/1/07 -		No proxies were voted during this time period
6/30/08

			@BCL@6C0370CF.xls
Fund Name Principal Bond And Mortgage Fund - BAMF
Sub-Advisor Spectrum Asset Management, Inc.
						(g)
						Did the	(h)	(i)
			(d)		(f)	Registrant	Vote	Was Vote
(a)	(b)	(c)	S/H Mtg.	(e)	Proposed by Vote?		(For, Against, For or Against
Issuer	Ticker	CUSIP	Date	Matter Voted On	Issuer or S/H (Yes or No)		Abstain)	Management
Vornado Realty Trust	VNO	929042877	2008-05-15 Elect Trustee Anthony W. Deering		Issuer	Yes	For	For
Vornado Realty Trust	VNO	929042877	2008-05-15 Elect Trustee Michael Lynne		Issuer	Yes	For	For
Vornado Realty Trust	VNO	929042877	2008-05-15 Elect Trustee Robert H. Smith		Issuer	Yes	For	For
Vornado Realty Trust	VNO	929042877	2008-05-15 Elect Trustee Ronald G. Targan		Issuer	Yes	For	For
Vornado Realty Trust	VNO	929042877	2008-05-15 Ratify Auditors		Issuer	Yes	For	For
Vornado Realty Trust	VNO	929042877	2008-05-15 Require a Majority Vote for the Election of Trustees		Shareholder	Yes	For	Against
Wachovia Preferred Funding Corp	WNA.P	92977V206	2008-05-12 Elect Director James E. Alward		Issuer	Yes	For	For
Wachovia Preferred Funding Corp	WNA.P	92977V206	2008-05-12 Elect Director Joel J. Griffin		Issuer	Yes	For	For
Wachovia Preferred Funding Corp	WNA.P	92977V206	2008-05-12 Elect Director Charles F. Jones		Issuer	Yes	For	For
Wachovia Preferred Funding Corp	WNA.P	92977V206	2008-05-12 Elect Director G. Kennedy Thompson		Issuer	Yes	For	For

	Fund: Principal Funds, Inc. – Bond & Mortgage Securities Fund
		Sub-Advisor: Post Advisory Group, LLC
		Vote Summary Report
		July 1, 2007 – November 15, 2007
Principal Funds, Inc. – Bond & Mortgage Securities Fund
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
7/1/07 -		No proxies were voted during this time period
11/15/07

Fund: Principal Funds, Inc. – California Insured Intermediate Municipal Bond Fund Sub-Advisor: Van Kampen

Vote Summary Report
July 1, 2007 - June 30, 2008

Principal Funds, Inc. – California Insured Intermediate Municipal Bond Fund
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
7/1/07 -		No proxies were voted during this time period
6/30/08

	Fund: Principal Funds, Inc. – California Municipal Bond Fund
		Sub-Advisor: Van Kampen
		Vote Summary Report
		July 1, 2007 - June 30, 2008
Principal Funds, Inc. – California Municipal Bond Fund
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
7/1/07 -		No proxies were voted during this time period
6/30/08

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
07/06/07 - A	Autodesk, Inc. *ADSK*		052769106			06/01/07		2,143
	1	Elect Director Carol A. Bartz		For	Against		Mgmt
	2	Elect Director Carl Bass		For	For		Mgmt
	3	Elect Director Mark A. Bertelsen		For	Against		Mgmt
	4	Elect Director Crawford W. Beveridge		For	Against		Mgmt
	5	Elect Director J. Hallam Dawson		For	For		Mgmt
	6	Elect Director Michael J. Fister		For	For		Mgmt
	7	Elect Director Per-Kristian Halvorsen		For	Against		Mgmt
	8	Elect Director Larry W. Wangberg		For	Against		Mgmt
	9	Ratify Auditors		For	For		Mgmt
07/12/07 - A	Tidewater Inc. *TDW*		886423102			05/18/07		1,341
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
07/17/07 - S	Terex Corp. *TEX*		880779103			05/31/07		228,010
	1	Increase Authorized Common Stock		For	For		Mgmt
07/18/07 - A	Dynegy, Inc. *DYN*		26817G102			05/21/07		805,230
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Pay For Superior Performance		Against	For		ShrHoldr
07/25/07 - A	Atmel Corporation *ATML*		049513104			06/28/07	1,401,820
	1	Elect Director Tsung-Ching Wu		For	For		Mgmt
	2	Elect Director T. Peter Thomas		For	For		Mgmt
	3	Elect Director Pierre Fougere		For	For		Mgmt
	4	Elect Director Dr. Chaiho Kim		For	For		Mgmt
	5	Elect Director David Sugishita		For	For		Mgmt
	6	Elect Director Steven Laub		For	For		Mgmt
	7	Elect Director Papken Der Torossian		For	For		Mgmt
	8	Elect Director Jack L. Saltich		For	For		Mgmt
	9	Amend Omnibus Stock Plan		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
07/25/07 - A	McKesson Corporation		58155Q103			05/29/07		262,040
	*MCK*
	1	Elect Director John H. Hammergren		For	For		Mgmt
	2	Elect Director M. Christine Jacobs		For	For		Mgmt
	3	Declassify the Board of Directors		For	For		Mgmt
	4	Amend Omnibus Stock Plan		For	For		Mgmt
	5	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	6	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 1

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
08/09/07 - A	Xilinx, Inc. *XLNX*		983919101			06/11/07		7,826
	1	Elect Directors		For	For		Mgmt
	2	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
08/13/07 - A	Forest Laboratories, Inc.		345838106			06/21/07		217,420
	*FRX*
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
08/14/07 - A	Precision Castparts Corp.		740189105			06/21/07		108,101
	*PCP*
	1	Elect Directors		For	For		Mgmt
	2	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
08/21/07 - A	BMC Software, Inc. *BMC*		055921100			07/06/07		303,910
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
09/14/07 - A	Darden Restaurants, Inc.		237194105			07/23/07		122,504
	*DRI*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
09/17/07 - A	Nike, Inc. *NKE*		654106103			07/25/07		247,048
	1	Elect Directors		For	For		Mgmt
	2	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
09/19/07 - A	NetApp, Inc. *NTAP*		64120L104			07/23/07		165,745
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	Against		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
	4	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	5	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	6	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 2

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
09/24/07 - A	FedEx Corporation *FDX*		31428X106			07/30/07		34,230
	1	Elect Director James L. Barksdale		For	For		Mgmt
	2	Elect Director August A. Busch, IV		For	For		Mgmt
	3	Elect Director John A. Edwardson		For	For		Mgmt
	4	Elect Director Judith L. Estrin		For	For		Mgmt
	5	Elect Director Philip Greer		For	For		Mgmt
	6	Elect Director J.R. Hyde, III		For	For		Mgmt
	7	Elect Director Shirley A. Jackson		For	For		Mgmt
	8	Elect Director Steven R. Loranger		For	For		Mgmt
	9	Elect Director Gary W. Loveman		For	For		Mgmt
	10	Elect Director Charles T. Manatt		For	For		Mgmt
	11	Elect Director Frederick W. Smith		For	For		Mgmt
	12	Elect Director Joshua I. Smith		For	For		Mgmt
	13	Elect Director Paul S. Walsh		For	For		Mgmt
	14	Elect Director Peter S. Willmott		For	For		Mgmt
	15	Ratify Auditors		For	For		Mgmt
	16	Separate Chairman and CEO Positions		Against	For		ShrHoldr
	17	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officer's Compensation
	18	Report on Global Warming		Against	Against		ShrHoldr
	19	Report on Political Contributions		Against	For		ShrHoldr
09/24/07 - A	General Mills, Inc. *GIS*		370334104			07/26/07		338,742
	1	Elect Director Paul Danos		For	For		Mgmt
	2	Elect Director William T. Esrey		For	For		Mgmt
	3	Elect Director Raymond V. Gilmartin		For	For		Mgmt
	4	Elect Director Judith Richards Hope		For	For		Mgmt
	5	Elect Director Heidi G. Miller		For	Against		Mgmt
	6	Elect Director Hilda Ochoa-Brillemberg		For	For		Mgmt
	7	Elect Director Steve Odland		For	For		Mgmt
	8	Elect Director Kendall J. Powell		For	For		Mgmt
	9	Elect Director Michael D. Rose		For	For		Mgmt
	10	Elect Director Robert L. Ryan		For	For		Mgmt
	11	Elect Director Stephen W. Sanger		For	For		Mgmt
	12	Elect Director A. Michael Spence		For	For		Mgmt
	13	Elect Director Dorothy A. Terrell		For	For		Mgmt
	14	Ratify Auditors		For	For		Mgmt
	15	Approve Omnibus Stock Plan		For	For		Mgmt
09/28/07 - A	National Semiconductor		637640103			08/01/07		452,860
	Corp. *NSM*
	1	Elect Director Brian L. Halla		For	For		Mgmt
	2	Elect Director Steven R. Appleton		For	For		Mgmt
	3	Elect Director Gary P. Arnold		For	For		Mgmt
	4	Elect Director Richard J. Danzig		For	For		Mgmt
	5	Elect Director John T. Dickson		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 3

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6	Elect Director Robert J. Frankenberg		For	For		Mgmt
	7	Elect Director E. Floyd Kvamme		For	For		Mgmt
	8	Elect Director Modesto A. Maidique		For	For		Mgmt
	9	Elect Director Edward McCracken		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Approve Omnibus Stock Plan		For	For		Mgmt
	12	Amend Omnibus Stock Plan		For	For		Mgmt
10/09/07 - A	The Procter & Gamble		742718109			08/10/07		977,936
	Company *PG*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditor		For	For		Mgmt
	3	Prohibit Executive Stock-Based Awards		Against	Against		ShrHoldr
	4	Report on Free Enterprise Initiatives		Against	Against		ShrHoldr
	5	Report on Animal Welfare		Against	Against		ShrHoldr
10/24/07 - A	Parker-Hannifin Corp. *PH*		701094104			08/31/07		150,018
	1	Elect Directors		For	Withhold		Mgmt
	2	Declassify the Board of Directors		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
11/02/07 - A	Oracle Corp. *ORCL*		68389X105			09/07/07	1,552,456
	1	Elect Directors		For	For		Mgmt
	2	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	3	Ratify Auditors		For	For		Mgmt
	4	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
		Committee on Human Rights
	5	Issue an Open Source Report		Against	Against		ShrHoldr
11/08/07 - A	Coach, Inc. *COH*		189754104			09/14/07		334,279
	1	Elect Directors		For	For		Mgmt
11/08/07 - A	Sun Microsystems, Inc.		866810104			09/10/07	2,775,251
	*JAVA*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
	4	Approve Reverse Stock Split		For	For		Mgmt
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	6	Adopt Simple Majority Vote		Against	For		ShrHoldr

Mgmt Rec - Company Management Recommended Vote

Page 4

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
11/09/07 - C	Transocean Inc. *RIG*	G90078109			10/01/07		151,990

		Meeting for ADR Holders
	1	APPROVAL OF THE SCHEME OF		For	For		Mgmt
		ARRANGEMENT, ATTACHED TO THE
		ACCOMPANYING JOINT PROXY
		STATEMENT AS ANNEX G, WHICH
		PROVIDES FOR THE
		RECLASSIFICATION OF OUR
		ORDINARY SHARES.
	2	APPROVAL OF THE ISSUANCE OF		For	For		Mgmt
		OUR ORDINARY SHARES TO
		SHAREHOLDERS OF
		GLOBALSANTAFE CORPORATION IN
		THE MERGER UNDER THE TERMS
		OF THE AGREEMENT AND PLAN OF
		MERGER, ATTACHED TO THE
		ACCOMPANYING JOINT PROXY
		STATEMENT AS ANNEX A.
	3	APPROVAL OF THE AMENDMENT		For	For		Mgmt
		AND RESTATEMENT OF OUR
		MEMORANDUM AND ARTICLES OF
		ASSOCIATION TO, AMONG OTHER
		THINGS, INCREASE THE MAXIMUM
		NUMBER OF DIRECTORS
		CONSTITUTING THE BOARD OF
		DIRECTORS OF TRANSOCEAN INC.
		FROM 13 TO 14.
11/13/07 - A	Microsoft Corp. *MSFT*		594918104			09/07/07	2,588,499
	1	Elect Director William H. Gates, III		For	For		Mgmt
	2	Elect Director Steven A. Ballmer		For	For		Mgmt
	3	Elect Director James I. Cash, Jr.		For	For		Mgmt
	4	Elect Director Dina Dublon		For	For		Mgmt
	5	Elect Director Raymond V. Gilmartin		For	For		Mgmt
	6	Elect Director Reed Hastings		For	For		Mgmt
	7	Elect Director David F. Marquardt		For	For		Mgmt
	8	Elect Director Charles H. Noski		For	For		Mgmt
	9	Elect Director Helmut Panke		For	For		Mgmt
	10	Elect Director Jon A. Shirley		For	For		Mgmt
	11	Ratify Auditors		For	For		Mgmt
	12	Adopt Policies to Protect Freedom of		Against	Against		ShrHoldr
		Access to the Internet
	13	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
		Committee on Human Rights
11/14/07 - S	Deere & Co. *DE*		244199105			09/24/07	126,955
	1	Approve Increase in Common Stock		For	For		Mgmt
		and a Stock Split
Mgmt Rec - Company Management Recommended Vote							Page 5

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
11/15/07 - A	Cisco Systems, Inc. *CSCO*		17275R102			09/17/07	2,136,795
	1	Elect Director Carol A. Bartz		For	For		Mgmt
	2	Elect Director M. Michele Burns		For	For		Mgmt
	3	Elect Director Michael D. Capellas		For	For		Mgmt
	4	Elect Director Larry R. Carter		For	For		Mgmt
	5	Elect Director John T. Chambers		For	For		Mgmt
	6	Elect Director Brian L. Halla		For	For		Mgmt
	7	Elect Director Dr. John L. Hennessy		For	For		Mgmt
	8	Elect Director Richard M. Kovacevich		For	For		Mgmt
	9	Elect Director Roderick C. McGeary		For	For		Mgmt
	10	Elect Director Michael K. Powell		For	For		Mgmt
	11	Elect Director Steven M. West		For	For		Mgmt
	12	Elect Director Jerry Yang		For	For		Mgmt
	13	Amend Omnibus Stock Plan		For	For		Mgmt
	14	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	15	Ratify Auditors		For	For		Mgmt
	16	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
		Committee on Human Rights
	17	Pay For Superior Performance		Against	For		ShrHoldr
	18	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	19	Report on Internet Fragmentation		Against	For		ShrHoldr
11/16/07 - A	Campbell Soup Co. *CPB*		134429109			09/19/07		110,605
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
11/29/07 - S	Total System Services, Inc.		891906109			11/02/07		164,210
	*TSS*
	1	Amend Corporate Purpose		For	For		Mgmt
	2	Authorize New Class of Preferred Stock		For	Against		Mgmt
	3	Company Specific--Provide the Board of		For	Against		Mgmt
		Directors Fix the Number of Directors
	4	Company-Specific--Provide Directors		For	Against		Mgmt
		may be Removed Only for Cause and
		Decrease the Required Shareholder
		Vote for Removal of Directors
	5	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
	6	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
	7	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
	8	Eliminate Right to Act by Written		For	For		Mgmt
		Consent
Mgmt Rec - Company Management Recommended Vote								Page 6

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	9	Allow Board to Consider Stakeholder		For	Against		Mgmt
		Interests
	10	Amend Director Liability Provisions		For	For		Mgmt
	11	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
	12	Company-Specific--Eliminate the		For	Against		Mgmt
		Shareholders Ability to Fix the Number
		of Directors
	13	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
	14	Company-Specific--Provide Directors		For	Against		Mgmt
		may be Removed Only for Cause and
		Decrease the Required Shareholder
		Vote for Removal of Directors
	15	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
	16	Approve Omnibus Stock Plan		For	For		Mgmt
12/04/07 - A	Dell Inc. *DELL*		24702R101			10/26/07		427,610
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Stock Retention/Holding Period		Against	For		ShrHoldr
	5	Declaration of Dividend		Against	Against		ShrHoldr
12/07/07 - S	Cameron International Corp		13342B105			11/01/07		61,193
	*CAM*
	1	Increase Authorized Common Stock		For	For		Mgmt
12/12/07 - A	AutoZone, Inc. *AZO*		053332102			10/15/07		758
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
12/14/07 - A	Fannie Mae *FNM*		313586109			10/22/07		490,530
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	5	Restore or Provide for Cumulative		Against	Against		ShrHoldr
		Voting
01/09/08 - A	Walgreen Co. *WAG*		931422109			11/12/07		33,090
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 7

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Report on Charitable Contributions		Against	Against		ShrHoldr
	4	Submit Shareholder Rights Plan (Poison		Against	Against		ShrHoldr
		Pill) to Shareholder Vote
	5	Separate Chairman and CEO Positions		Against	For		ShrHoldr
01/16/08 - A	Monsanto Co. *MON*		61166W101			11/19/07		42,500
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Separate Chairman and CEO Positions		Against	Against		ShrHoldr
	4	Amend Bylaws to Not Indemnify		Against	Against		ShrHoldr
		Directors for Social and Environmental
		Liabilities
01/31/08 - A	Franklin Resources, Inc.		354613101			12/04/07		127,541
	*BEN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Executive Incentive Bonus Plan		For	For		Mgmt
02/05/08 - A	Dolby Laboratories, Inc.		25659T107			12/12/07		150,342
	*DLB*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	Against		Mgmt
	3	Ratify Auditors		For	For		Mgmt
02/05/08 - A	Emerson Electric Co. *EMR*		291011104			11/27/07		369,787
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
02/27/08 - A	Deere & Co. *DE*		244199105			12/31/07		286,787
	1	Elect Director T. Kevin Dunnigan		For	For		Mgmt
	2	Elect Director Charles O. Holliday, Jr.		For	For		Mgmt
	3	Elect Director Dipak C. Jain		For	For		Mgmt
	4	Elect Director Joachim Milberg		For	For		Mgmt
	5	Elect Director Richard B. Myers		For	For		Mgmt
	6	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	7	Ratify Auditors		For	For		Mgmt
03/04/08 - A	Apple, Inc. *AAPL*		037833100			01/15/08		326,124
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	4	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 8

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Committee on Sustainability
03/06/08 - A	The Walt Disney Company		254687106			01/07/08		876,981
	*DIS*
	1	Elect Director Susan E. Arnold		For	For		Mgmt
	2	Elect Director John E. Bryson		For	For		Mgmt
	3	Elect Director John S. Chen		For	For		Mgmt
	4	Elect Director Judith L. Estrin		For	For		Mgmt
	5	Elect Director Robert A. Iger		For	For		Mgmt
	6	Elect Director Steven P. Jobs		For	Against		Mgmt
	7	Elect Director Fred H. Langhammer		For	For		Mgmt
	8	Elect Director Aylwin B. Lewis		For	For		Mgmt
	9	Elect Director Monica C. Lozano		For	For		Mgmt
	10	Elect Director Robert W. Matschullat		For	For		Mgmt
	11	Elect Director John E. Pepper, Jr.		For	For		Mgmt
	12	Elect Director Orin C. Smith		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Amend Omnibus Stock Plan		For	For		Mgmt
	15	Amend Executive Incentive Bonus Plan		For	For		Mgmt
03/11/08 - A	QUALCOMM Inc. *QCOM*		747525103			01/14/08		87,460
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Barbara T. Alexander ---
		For
	1.2	Elect Director Donald G. Cruickshank ---
		For
	1.3	Elect Director Raymond V. Dittamore ---
		For
	1.4	Elect Director Irwin Mark Jacobs --- For
	1.5	Elect Director Paul E. Jacobs --- For
	1.6	Elect Director Robert E. Kahn --- For
	1.7	Elect Director Sherry Lansing --- For
	1.8	Elect Director Duane A. Nelles ---
		Withhold
	1.9	Elect Director Marc I. Stern --- For
	1.10	Elect Director Brent Scowcroft --- For
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
03/19/08 - A	Hewlett-Packard Co. *HPQ*		428236103			01/22/08		884,959
	1	Elect Director Lawrence T. Babbio, Jr.		For	For		Mgmt
	2	Elect Director Sari M. Baldauf		For	For		Mgmt
	3	Elect Director Richard A. Hackborn		For	For		Mgmt
	4	Elect Director John H. Hammergren		For	For		Mgmt
	5	Elect Director Mark V. Hurd		For	For		Mgmt
	6	Elect Director Joel Z. Hyatt		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 9

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	7	Elect Director John R. Joyce		For	For		Mgmt
	8	Elect Director Robert L. Ryan		For	For		Mgmt
	9	Elect Director Lucille S. Salhany		For	For		Mgmt
	10	Elect Director G. Kennedy Thompson		For	For		Mgmt
	11	Ratify Auditors		For	For		Mgmt
04/08/08 - A	Morgan Stanley *MS*		617446448			02/08/08		99,926
	1	Elect Director Roy J. Bostock		For	For		Mgmt
	2	Elect Director Erskine B. Bowles		For	For		Mgmt
	3	Elect Director Howard J. Davies		For	For		Mgmt
	4	Elect Director C. Robert Kidder		For	For		Mgmt
	5	Elect Director John J. Mack		For	For		Mgmt
	6	Elect Director Donald T. Nicolaisen		For	For		Mgmt
	7	Elect Director Charles H. Noski		For	For		Mgmt
	8	Elect Director Hutham S. Olayan		For	For		Mgmt
	9	Elect Director Charles E. Phillips, Jr.		For	For		Mgmt
	10	Elect Director Griffith Sexton		For	For		Mgmt
	11	Elect Director Laura D. Tyson		For	For		Mgmt
	12	Ratify Auditors		For	For		Mgmt
	13	Eliminate Supermajority Vote		For	For		Mgmt
		Requirement
	14	Approve Report of the Compensation		Against	For		ShrHoldr
		Committee
	15	Report on Human Rights Investment		Against	Against		ShrHoldr
		Policies
04/08/08 - A	The Bank Of New York		064058100			02/08/08		572,146
	Mellon Corp. *BK*
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
	3	Approve Nonqualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	5	Ratify Auditors		For	For		Mgmt
	6	Restore or Provide for Cumulative		Against	For		ShrHoldr
		Voting
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
04/09/08 - A	Adobe Systems Inc. *ADBE*		00724F101			02/11/08		367,912
	1	Elect Director Edward W. Barnholt		For	For		Mgmt
	2	Elect Director Michael R. Cannon		For	For		Mgmt
	3	Elect Director James E. Daley		For	For		Mgmt
	4	Elect Director Charles M. Geschke		For	For		Mgmt
	5	Elect Director Shantanu Narayen		For	For		Mgmt
	6	Elect Director Delbert W. Yocam		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 10

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	7	Amend Omnibus Stock Plan		For	For		Mgmt
	8	Ratify Auditors		For	For		Mgmt
04/09/08 - A	Schlumberger Ltd. *SLB*		806857108			02/20/08		222,178
		Meeting for ADR Holders
	1	Elect Directors		For	For		Mgmt
	2	ADOPTION AND APPROVAL OF		For	For		Mgmt
		FINANCIALS AND DIVIDENDS
	3	APPROVAL OF ADOPTION OF THE		For	For		Mgmt
		SCHLUMBERGER 2008 STOCK
		INCENTIVE PLAN
	4	APPROVAL OF INDEPENDENT		For	For		Mgmt
		REGISTERED PUBLIC ACCOUNTING
		FIRM
04/09/08 - A	United Technologies Corp.		913017109			02/12/08		398,518
	*UTX*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Adopt Principles for Health Care Reform		Against	Against		ShrHoldr
	5	Improve Human Rights Standards or		Against	For		ShrHoldr
		Policies
	6	Pay For Superior Performance		Against	For		ShrHoldr
	7	Report on Foreign Military Sales		Against	Against		ShrHoldr
04/10/08 - A	The Goldman Sachs Group,		38141G104			02/11/08		189,566
	Inc. *GS*
	1	Elect Directors Lloyd C. Blankfein		For	For		Mgmt
	2	Elect Directors John H. Bryan		For	For		Mgmt
	3	Elect Directors Gary D. Cohn		For	For		Mgmt
	4	Elect Directors Claes Dahlback		For	For		Mgmt
	5	Elect Directors Stephen Friedman		For	For		Mgmt
	6	Elect Directors William W. George		For	For		Mgmt
	7	Elect Directors Rajat K. Gupta		For	For		Mgmt
	8	Elect Directors James A. Johnson		For	For		Mgmt
	9	Elect Directors Lois D. Juliber		For	For		Mgmt
	10	Elect Directors Edward M. Liddy		For	For		Mgmt
	11	Elect Directors Ruth J. Simmons		For	For		Mgmt
	12	Elect Directors Jon Winkelried		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Prohibit Executive Stock-Based Awards		Against	Against		ShrHoldr
	15	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	16	Prepare Sustainability Report		Against	Against		ShrHoldr

Mgmt Rec - Company Management Recommended Vote

Page 11

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/15/08 - A	Lehman Brothers Holdings		524908100			02/15/08		29,728
	Inc. *LEH*
	1	Elect Director Michael L. Ainslie		For	For		Mgmt
	2	Elect Director John F. Akers		For	For		Mgmt
	3	Elect Director Roger S. Berlind		For	For		Mgmt
	4	Elect Director Thomas H. Cruikshank		For	For		Mgmt
	5	Elect Director Marsha Johnson Evans		For	For		Mgmt
	6	Elect Director Richard S. Fuld, Jr.		For	For		Mgmt
	7	Elect Director Christopher Gent		For	For		Mgmt
	8	Elect Director Jerry A. Grundhofer		For	For		Mgmt
	9	Elect Director Roland A. Hernandez		For	For		Mgmt
	10	Elect Director Henry Kaufman		For	For		Mgmt
	11	Elect Director John D. Macomber		For	For		Mgmt
	12	Ratify Auditors		For	For		Mgmt
	13	Amend Omnibus Stock Plan		For	Against		Mgmt
	14	Approve/Amend Executive Incentive		For	For		Mgmt
		Bonus Plan
	15	Publish Political Contributions		Against	Against		ShrHoldr
	16	Prepare an Environmental Sustainability		Against	Against		ShrHoldr
		Report
04/15/08 - A	U.S. Bancorp *USB*		902973304			02/25/08		953,517
	1	Elect Director Douglas M. Baker, Jr.		For	For		Mgmt
	2	Elect Director Joel W. Johnson		For	For		Mgmt
	3	Elect Director David B. O'Maley		For	For		Mgmt
	4	Elect Director O'Dell M. Owens		For	For		Mgmt
	5	Elect Director Craig D. Schnuck		For	For		Mgmt
	6	Ratify Auditors		For	For		Mgmt
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	8	Require Independent Board Chairman		Against	Against		ShrHoldr
04/16/08 - A	Commerce Bancshares, Inc.		200525103			02/15/08		118,003
	*CBSH*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director John R. Capps --- For
	1.2	Elect Director W. Thomas Grant, II ---
		Withhold
	1.3	Elect Director James B. Hebenstreit ---
		For
	1.4	Elect Director David W. Kemper --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		Against	For		ShrHoldr
04/16/08 - A	The Coca-Cola Company		191216100			02/22/08		444,595
	*KO*
	1	Elect Director Herbert A. Allen		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 12

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Elect Director Ronald W. Allen		For	For		Mgmt
	3	Elect Director Cathleen P. Black		For	For		Mgmt
	4	Elect Director Barry Diller		For	Against		Mgmt
	5	Elect Director Alexis M. Herman		For	For		Mgmt
	6	Elect Director E. Neville Isdell		For	For		Mgmt
	7	Elect Director Muhtar Kent		For	For		Mgmt
	8	Elect Director Donald R. Keough		For	For		Mgmt
	9	Elect Director Donald F. McHenry		For	For		Mgmt
	10	Elect Director Sam Nunn		For	For		Mgmt
	11	Elect Director James D. Robinson III		For	For		Mgmt
	12	Elect Director Peter V. Ueberroth		For	For		Mgmt
	13	Elect Director Jacob Wallenberg		For	For		Mgmt
	14	Elect Director James B. Williams		For	For		Mgmt
	15	Ratify Auditors		For	For		Mgmt
	16	Approve Stock Option Plan		For	For		Mgmt
	17	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	18	Require Independent Board Chairman		Against	For		ShrHoldr
	19	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
		Committee on Human Rights
04/17/08 - A	Hercules Inc. *HPC*		427056106			03/03/08		371,842
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Allan H. Cohen --- For
	1.2	Elect Director Burton M. Joyce --- For
	1.3	Elect Director Jeffrey M. Lipton ---
		Withhold
	1.4	Elect Director John K. Wulff --- Withhold
	2	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
04/17/08 - A	Kimberly-Clark Corp. *KMB*		494368103			02/18/08		295,316
	1	Elect Director John R. Alm		For	For		Mgmt
	2	Elect Director John F. Bergstrom		For	For		Mgmt
	3	Elect Director Robert W. Decherd		For	For		Mgmt
	4	Elect Director Ian C. Read		For	For		Mgmt
	5	Elect Director G. Craig Sullivan		For	For		Mgmt
	6	Ratify Auditors		For	For		Mgmt
	7	Eliminate Supermajority Vote		For	For		Mgmt
		Requirement
	8	Require Director Nominee Qualifications		Against	Against		ShrHoldr
	9	Adopt ILO Based Code of Conduct		Against	Against		ShrHoldr
	10	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
	11	Provide for Cumulative Voting		Against	For		ShrHoldr
	12	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
		Committee on Sustainability
Mgmt Rec - Company Management Recommended Vote								Page 13

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/17/08 - A	Texas Instruments, Inc.		882508104			02/19/08		116,807
	*TXN*
	1	Elect Director James R. Adams		For	For		Mgmt
	2	Elect Director David L. Boren		For	For		Mgmt
	3	Elect Director Daniel A. Carp		For	For		Mgmt
	4	Elect Director Carrie S. Cox		For	For		Mgmt
	5	Elect Director David R. Goode		For	For		Mgmt
	6	Elect Director Pamela H. Patsley		For	For		Mgmt
	7	Elect Director Wayne R. Sanders		For	For		Mgmt
	8	Elect Director Ruth J. Simmons		For	For		Mgmt
	9	Elect Director Richard K. Templeton		For	For		Mgmt
	10	Elect Director Christine Todd Whitman		For	For		Mgmt
	11	Ratify Auditors		For	For		Mgmt
	12	Require Director Nominee Qualifications		Against	Against		ShrHoldr
04/21/08 - A	Eli Lilly and Co. *LLY*		532457108			02/15/08		444,863
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		For	For		Mgmt
	4	Require a Majority Vote for the Election		For	For		Mgmt
		of Directors
	5	Amend Omnibus Stock Plan		For	For		Mgmt
	6	Report on Animal Testing Policies		Against	Against		ShrHoldr
	7	Amend Vote Requirements to Amend		Against	For		ShrHoldr
		Articles/Bylaws/Charter
	8	Reduce Supermajority Vote		Against	For		ShrHoldr
		Requirement
	9	Political Contributions		Against	Against		ShrHoldr
04/22/08 - A	American Electric Power Co.		025537101			02/27/08		291,327
	*AEP*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/22/08 - A	AMETEK, Inc. *AME*		031100100			03/07/08		148,867
	1	Elect Directors		For	Withhold		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/22/08 - A	BB&T Corporation *BBT*		054937107			02/27/08		292,269
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/22/08 - A	Citigroup Inc. *C*		172967101			02/25/08		925,826
	1	Elect Director C. Michael Armstrong		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 14

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Elect Director Alain J.P. Belda		For	Against		Mgmt
	3	Elect Director Sir Winfried Bischoff		For	For		Mgmt
	4	Elect Director Kenneth T. Derr		For	Against		Mgmt
	5	Elect Director John M. Deutch		For	For		Mgmt
	6	Elect Director Roberto Hernandez		For	For		Mgmt
		Ramirez
	7	Elect Director Andrew N. Liveris		For	For		Mgmt
	8	Elect Director Anne Mulcahy		For	Against		Mgmt
	9	Elect Director Vikram Pandit		For	For		Mgmt
	10	Elect Director Richard D. Parsons		For	Against		Mgmt
	11	Elect Director Judith Rodin		For	For		Mgmt
	12	Elect Director Robert E. Rubin		For	For		Mgmt
	13	Elect Director Robert L. Ryan		For	For		Mgmt
	14	Elect Director Franklin A. Thomas		For	For		Mgmt
	15	Ratify Auditors		For	For		Mgmt
	16	Disclose Prior Government Service		Against	Against		ShrHoldr
	17	Report on Political Contributions		Against	For		ShrHoldr
	18	Limit Executive Compensation		Against	Against		ShrHoldr
	19	Require More Director Nominations		Against	Against		ShrHoldr
		Than Open Seats
	20	Report on the Equator Principles		Against	Against		ShrHoldr
	21	Adopt Employee Contract		Against	For		ShrHoldr
	22	Amend GHG Emissions Policies to Limit		Against	Against		ShrHoldr
		Coal Financing
	23	Report on Human Rights Investment		Against	Against		ShrHoldr
		Policies
	24	Require Independent Board Chairman		Against	Against		ShrHoldr
	25	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	26	Indicate If You Would Like to Keep Your		None	For		Mgmt
		Vote Confidential Under Current Policy
04/22/08 - A	Hudson City Bancorp, Inc.		443683107			03/03/08		596,666
	*HCBK*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/22/08 - A	Merck & Co., Inc. *MRK*		589331107			02/25/08		784,272
	1	Elect Director Richard T. Clark		For	For		Mgmt
	2	Elect Director Johnnetta B. Cole, Ph.D.		For	For		Mgmt
	3	Elect Director Thomas H. Glocer		For	For		Mgmt
	4	Elect Director Steven F. Goldstone		For	For		Mgmt
	5	Elect Director William B. Harrison, Jr.		For	For		Mgmt
	6	Elect Director Harry R. Jacobson, M.D.		For	For		Mgmt
	7	Elect Director William N. Kelley, M.D.		For	For		Mgmt
	8	Elect Director Rochelle B. Lazarus		For	For		Mgmt
	9	Elect Director Thomas E. Shenk, Ph.D.		For	For		Mgmt
	10	Elect Director Anne M. Tatlock		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 15

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	11	Elect Director Samuel O. Thier, M.D.		For	For		Mgmt
	12	Elect Director Wendell P. Weeks		For	For		Mgmt
	13	Elect Director Peter C. Wendell		For	For		Mgmt
	14	Ratify Auditors		For	For		Mgmt
	15	Limit Executive Compensation		Against	Against		ShrHoldr
	16	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	17	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
	18	Adopt a bylaw to Require an		Against	For		ShrHoldr
		Independent Lead Director
04/22/08 - A	MetLife, Inc *MET*		59156R108			02/28/08		455,066
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/22/08 - A	Noble Energy, Inc. *NBL*		655044105			03/11/08		192,506
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/22/08 - A	PNC Financial Services		693475105			02/29/08		313,815
	Group, Inc. *PNC*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/22/08 - A	Wachovia Corp. *WB*		929903102			02/14/08		219,277
	1	Elect Director John D. Baker, II		For	For		Mgmt
	2	Elect Director Peter C. Browning		For	For		Mgmt
	3	Elect Director John T. Casteen, III		For	For		Mgmt
	4	Elect Director Jerry Gitt		For	For		Mgmt
	5	Elect Director William H. Goodwin, Jr.		For	For		Mgmt
	6	Elect Director Maryellen C. Herringer		For	For		Mgmt
	7	Elect Director Robert A. Ingram		For	For		Mgmt
	8	Elect Director Donald M. James		For	For		Mgmt
	9	Elect Director Mackey J. McDonald		For	For		Mgmt
	10	Elect Director Joseph Neubauer		For	For		Mgmt
	11	Elect Director Timothy D. Proctor		For	For		Mgmt
	12	Elect Director Ernest S. Rady		For	For		Mgmt
	13	Elect Director Van L. Richey		For	For		Mgmt
	14	Elect Director Ruth G. Shaw		For	For		Mgmt
	15	Elect Director Lanty L. Smith		For	For		Mgmt
	16	Elect Director G. Kennedy Thompson		For	For		Mgmt
	17	Elect Director Dona Davis Young		For	For		Mgmt
	18	Ratify Auditors		For	For		Mgmt
	19	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
Mgmt Rec - Company Management Recommended Vote								Page 16

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	20	Report on Political Contributions		Against	For		ShrHoldr
	21	Require Two Candidates for Each		Against	Against		ShrHoldr
		Board Seat
04/23/08 - A	Ameriprise Financial, Inc.		03076C106			02/25/08		220,964
	*AMP*
	1	Elect Director W. Walker Lewis		For	For		Mgmt
	2	Elect Director Siri S. Marshall		For	For		Mgmt
	3	Elect Director William H. Turner		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
04/23/08 - A	Anheuser-Busch Companies, 035229103					02/29/08		343,053
	Inc. *BUD*
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Report on Charitable Contributions		Against	Against		ShrHoldr
	5	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
04/23/08 - A	Bank of America Corp. *BAC* 060505104					02/27/08		953,518
	1	Elect Director William Barnet, III		For	For		Mgmt
	2	Elect Director Frank P. Bramble, Sr.		For	For		Mgmt
	3	Elect Director John T. Collins		For	For		Mgmt
	4	Elect Director Gary L. Countryman		For	For		Mgmt
	5	Elect Director Tommy R. Franks		For	For		Mgmt
	6	Elect Director Charles K. Gifford		For	For		Mgmt
	7	Elect Director Kenneth D. Lewis		For	For		Mgmt
	8	Elect Director Monica C. Lozano		For	For		Mgmt
	9	Elect Director Walter E. Massey		For	For		Mgmt
	10	Elect Director Thomas J. May		For	For		Mgmt
	11	Elect Director Patricia E. Mitchell		For	For		Mgmt
	12	Elect Director Thomas M. Ryan		For	For		Mgmt
	13	Elect Director O. Temple Sloan, Jr.		For	For		Mgmt
	14	Elect Director Meredith R. Spangler		For	For		Mgmt
	15	Elect Director Robert L. Tillman		For	For		Mgmt
	16	Elect Director Jackie M. Ward		For	For		Mgmt
	17	Ratify Auditors		For	For		Mgmt
	18	Limit/Prohibit Executive Stock-Based		Against	Against		ShrHoldr
		Awards
	19	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	20	Limit Executive Compensation		Against	Against		ShrHoldr
	21	Provide for Cumulative Voting		Against	For		ShrHoldr
	22	Require Independent Board Chairman		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 17

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	23	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
	24	Report on the Equator Principles		Against	Against		ShrHoldr
	25	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
		Committee on Human Rights
04/23/08 - A	CIGNA Corp. *CI*		125509109			02/25/08		206,053
	1	Elect Director Peter N. Larson		For	For		Mgmt
	2	Elect Director Roman Martinez IV		For	For		Mgmt
	3	Elect Director Carol Cox Wait		For	For		Mgmt
	4	Elect Director William D. Zollars		For	Against		Mgmt
	5	Ratify Auditors		For	For		Mgmt
	6	Eliminate Class of Preferred Stock		For	For		Mgmt
	7	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
	8	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
04/23/08 - A	Eaton Corporation *ETN*		278058102			02/25/08		108,254
	1	Elect Directors		For	For		Mgmt
	2	Increase Authorized Common Stock		For	For		Mgmt
	3	Adopt Majority Voting for Uncontested		For	For		Mgmt
		Election of Directors
	4	Amend Articles to Authorize the Board		For	For		Mgmt
		of Directors to Make Future
		Amendments to the Amended
		Regulations
	5	Approve Omnibus Stock Plan		For	For		Mgmt
	6	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	7	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	8	Ratify Auditors		For	For		Mgmt
04/23/08 - A	Energen Corp. *EGN*		29265N108			02/29/08		168,618
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/08 - A	General Electric Co. *GE*		369604103			02/25/08	2,157,926
	1	Elect Director James I. Cash, Jr.		For	For		Mgmt
	2	Elect Director William M. Castell		For	For		Mgmt
	3	Elect Director Ann M. Fudge		For	For		Mgmt
	4	Elect Director Claudio X. Gonzalez		For	Against		Mgmt
	5	Elect Director Susan Hockfield		For	For		Mgmt
	6	Elect Director Jeffrey R. Immelt		For	For		Mgmt
	7	Elect Director Andrea Jung		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 18

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Elect Director Alan G. Lafley		For	For		Mgmt
	9	Elect Director Robert W. Lane		For	For		Mgmt
	10	Elect Director Ralph S. Larsen		For	For		Mgmt
	11	Elect Director Rochelle B. Lazarus		For	For		Mgmt
	12	Elect Director James J. Mulva		For	For		Mgmt
	13	Elect Director Sam Nunn		For	For		Mgmt
	14	Elect Director Roger S. Penske		For	For		Mgmt
	15	Elect Director Robert J. Swieringa		For	For		Mgmt
	16	Elect Director Douglas A. Warner III		For	For		Mgmt
	17	Ratify Auditors		For	For		Mgmt
	18	Provide for Cumulative Voting		Against	For		ShrHoldr
	19	Require Independent Board Chairman		Against	For		ShrHoldr
	20	Claw-back of Payments under		Against	Against		ShrHoldr
		Restatements
	21	Adopt Policy on Overboarded Directors		Against	For		ShrHoldr
	22	Report on Charitable Contributions		Against	Against		ShrHoldr
	23	Report on Global Warming		Against	Against		ShrHoldr
	24	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
04/23/08 - A	MEMC Electronic Materials,		552715104			03/03/08		250,293
	Inc. *WFR*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/08 - A	NCR Corporation *NCR*		62886E108			02/11/08		329,341
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/24/08 - A	Burlington Northern Santa Fe		12189T104			02/28/08		179,647
	Corp. *BNI*
	1	Elect Director Alan L. Boeckmann		For	For		Mgmt
	2	Elect Director Donald G. Cook		For	For		Mgmt
	3	Elect Director Vilma S. Martinez		For	For		Mgmt
	4	Elect Director Marc F. Racicot		For	For		Mgmt
	5	Elect Director Roy S. Roberts		For	For		Mgmt
	6	Elect Director Matthew K. Rose		For	For		Mgmt
	7	Elect Director Marc J. Shapiro		For	For		Mgmt
	8	Elect Director J.C. Watts, Jr.		For	For		Mgmt
	9	Elect Director Robert H. West		For	For		Mgmt
	10	Elect Director J. Steven Whisler		For	For		Mgmt
	11	Elect Director Edward E. Whitacre, Jr.		For	For		Mgmt
	12	Ratify Auditors		For	For		Mgmt
	13	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation

Mgmt Rec - Company Management Recommended Vote

Page 19

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/24/08 - A	Celanese Corp. *CE*		150870103			03/03/08		221,418
	1	Elect Director Martin G. McGuinn		For	For		Mgmt
	2	Elect Director Daniel S. Sanders		For	For		Mgmt
	3	Elect Director John K. Wulff		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
04/24/08 - A	Corning Inc. *GLW*		219350105			02/26/08		769,322
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director John Seely Brown ---
		Withhold
	1.2	Elect Director Gordon Gund --- Withhold
	1.3	Elect Director Kurt M. Landgraf --- For
	1.4	Elect Director H. Onno Ruding ---
		Withhold
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
04/24/08 - A	Cullen/Frost Bankers, Inc.		229899109			03/07/08		167,901
	*CFR*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/24/08 - A	Edison International *EIX*		281020107			02/25/08		315,788
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
04/24/08 - A	Humana Inc. *HUM*		444859102			02/27/08		203,528
	1	Elect Director David A. Jones, Jr.		For	For		Mgmt
	2	Elect Director Frank A. D'Amelio		For	For		Mgmt
	3	Elect Director W. Roy Dunbar		For	For		Mgmt
	4	Elect Director Kurt J. Hilzinger		For	For		Mgmt
	5	Elect Director Michael B. McCallister		For	For		Mgmt
	6	Elect Director William J. McDonald		For	For		Mgmt
	7	Elect Director James J. O'Brien		For	For		Mgmt
	8	Elect Director W. Ann Reynolds		For	For		Mgmt
	9	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	10	Ratify Auditors		For	For		Mgmt
04/24/08 - A	Johnson & Johnson *JNJ*		478160104			02/26/08		572,740
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Mary Sue Coleman --- For
Mgmt Rec - Company Management Recommended Vote								Page 20

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.2	Elect Director James G. Cullen --- For
	1.3	Elect Director Michael M.E. Johns ---
		Withhold
	1.4	Elect Director Arnold G. Langbo ---
		Withhold
	1.5	Elect Director Susan L. Lindquist --- For
	1.6	Elect Director Leo F. Mullin --- For
	1.7	Elect Director Wiliam D. Perez ---
		Withhold
	1.8	Elect Director Christine A. Poon --- For
	1.9	Elect Director Charles Prince ---
		Withhold
	1.10	Elect Director Steven S. Reinemund ---
		For
	1.11	Elect Director David Satcher --- For
	1.12	Elect Director William C. Weldon --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
04/24/08 - A	Lockheed Martin Corp. *LMT* 539830109					03/03/08		156,636
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director E. C. "Pete" Aldrige, Jr. ---
		For
	1.2	Elect Director Nolan D. Archibald ---
		Withhold
	1.3	Elect Director David B. Burritt --- For
	1.4	Elect Director James O. Ellis, Jr. --- For
	1.5	Elect Director Gwendolyn S. King --- For
	1.6	Elect Director James M. Loy --- For
	1.7	Elect Director Douglas H. McCorkindale
		--- For
	1.8	Elect Director Joseph W. Ralston --- For
	1.9	Elect Director Frank Savage --- For
	1.10	Elect Director James Schneider --- For
	1.11	Elect Director Anne Stevens --- For
	1.12	Elect Director Robert J. Stevens --- For
	1.13	Elect Director James R. Ukropina --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Provide for Simple Majority Voting		For	For		Mgmt
	4	Amend Articles/Bylaws/Charter-Non-		For	For		Mgmt
		Routine
	5	Amend Omnibus Stock Plan		For	Against		Mgmt
	6	Approve Non-Employee Director Stock		For	For		Mgmt
		Option Plan
	7	Increase Disclosure of Executive		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 21

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Compensation
	8	Report on Nuclear Weapons		Against	Against		ShrHoldr
	9	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
04/24/08 - A	Merrill Lynch & Co., Inc.		590188108			02/26/08		18,099
	*MER*
	1	Elect Director Carol T. Christ		For	For		Mgmt
	2	Elect Director Armando M. Codina		For	For		Mgmt
	3	Elect Director Judith Mayhew Jonas		For	For		Mgmt
	4	Elect Director John A. Thain		For	For		Mgmt
	5	Ratify Auditors		For	For		Mgmt
	6	Provide for Cumulative Voting		Against	For		ShrHoldr
	7	Compensation- Miscellaneous		Against	Against		ShrHoldr
		Company Specific--Prohibiting
		Executive Officer Stock Sales during
		Buyback
	8	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	9	Adopt Employment Contract		Against	For		ShrHoldr
04/24/08 - A	Pfizer Inc. *PFE*		717081103			02/28/08	1,426,720
	1	Elect Director Dennis A. Ausiello		For	For		Mgmt
	2	Elect Director Michael S. Brown		For	For		Mgmt
	3	Elect Director M. Anthony Burns		For	For		Mgmt
	4	Elect Director Robert N. Burt		For	For		Mgmt
	5	Elect Director W. Don Cornwell		For	For		Mgmt
	6	Elect Director William H. Gray, III		For	For		Mgmt
	7	Elect Director Constance J. Horner		For	For		Mgmt
	8	Elect Director William R. Howell		For	For		Mgmt
	9	Elect Director James M. Kilts		For	For		Mgmt
	10	Elect Director Jeffrey B. Kindler		For	For		Mgmt
	11	Elect Director George A. Lorch		For	For		Mgmt
	12	Elect Director Dana G. Mead		For	For		Mgmt
	13	Elect Director Suzanne Nora Johnson		For	For		Mgmt
	14	Elect Director William C. Steere, Jr.		For	For		Mgmt
	15	Ratify Auditors		For	For		Mgmt
	16	Prohibit Executive Stock-Based Awards		Against	Against		ShrHoldr
	17	Require Independent Board Chairman		Against	For		ShrHoldr
04/24/08 - A	Snap-on Incorporated *SNA*		833034101			02/25/08		170,194
	1	Elect Director Roxanne J. Decyk		For	For		Mgmt
	2	Elect Director Nicholas T. Pinchuk		For	For		Mgmt
	3	Elect Director Richard F. Teerlink		For	For		Mgmt
	4	Elect Director James P. Holden		For	For		Mgmt
	5	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 22

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/24/08 - A	Wyeth *WYE*		983024100			03/03/08		107,711
	1	Elect Director Robert M. Amen		For	For		Mgmt
	2	Elect Director Michael J. Critelli		For	For		Mgmt
	3	Elect Director Robert Essner		For	For		Mgmt
	4	Elect Director John D. Feerick		For	For		Mgmt
	5	Elect Director Frances D. Fergusson		For	For		Mgmt
	6	Elect Director Victor F. Ganzi		For	For		Mgmt
	7	Elect Director Robert Langer		For	For		Mgmt
	8	Elect Director John P. Mascotte		For	For		Mgmt
	9	Elect Director Raymond J. McGuire		For	For		Mgmt
	10	Elect Director Mary Lake Polan		For	For		Mgmt
	11	Elect Director Bernard Poussot		For	For		Mgmt
	12	Elect Director Gary L. Rogers		For	For		Mgmt
	13	Elect Director John R. Torell III		For	For		Mgmt
	14	Ratify Auditors		For	For		Mgmt
	15	Amend Omnibus Stock Plan		For	For		Mgmt
	16	Amend Non-Employee Director		For	For		Mgmt
		Restricted Stock Plan
	17	Report on Political Contributions		Against	For		ShrHoldr
	18	Claw-back of Payments under		Against	Against		ShrHoldr
		Restatements
04/25/08 - A	Abbott Laboratories *ABT*		002824100			02/26/08		619,354
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Human Rights Policy to Address		Against	Against		ShrHoldr
		Access to Medicines
	4	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
04/25/08 - A	AT&T Inc *T*		00206R102			02/27/08	1,808,757
	1	Elect Director Randall L. Stephenson		For	For		Mgmt
	2	Elect Director William F. Aldinger III		For	For		Mgmt
	3	Elect Director Gilbert F. Amelio		For	For		Mgmt
	4	Elect Director Reuben V. Anderson		For	For		Mgmt
	5	Elect Director James H. Blanchard		For	For		Mgmt
	6	Elect Director August A. Busch III		For	For		Mgmt
	7	Elect Director James P. Kelly		For	For		Mgmt
	8	Elect Director Jon C. Madonna		For	For		Mgmt
	9	Elect Director Lynn M. Martin		For	For		Mgmt
	10	Elect Director John B. McCoy		For	For		Mgmt
	11	Elect Director Mary S. Metz		For	For		Mgmt
	12	Elect Director Joyce M. Roche		For	For		Mgmt
	13	Elect Director Laura D' Andrea Tyson		For	For		Mgmt
	14	Elect Director Patricia P. Upton		For	For		Mgmt
	15	Ratify Auditors		For	For		Mgmt
	16	Report on Political Contributions		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 23

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	17	Exclude Pension Credits from Earnings		Against	For		ShrHoldr
		Performance Measure
	18	Require Independent Lead Director		Against	For		ShrHoldr
	19	Establish SERP Policy		Against	For		ShrHoldr
	20	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
04/25/08 - A	Bank of Hawaii Corp. *BOH*		062540109			02/29/08		151,185
	1	Declassify the Board of Directors		For	For		Mgmt
	2	Elect Directors		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
04/25/08 - A	Kellogg Co. *K*		487836108			03/04/08		238,016
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
04/28/08 - A	American Express Co. *AXP*		025816109			02/29/08		111,055
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Require Majority Vote for Non-		For	For		Mgmt
		Contested Election
	4	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
	5	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
	6	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
	7	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
	8	Provide for Cumulative Voting		Against	For		ShrHoldr
04/28/08 - A	Honeywell International, Inc.		438516106			02/29/08		355,751
	*HON*
	1	Elect Director Gordon M. Bethune		For	For		Mgmt
	2	Elect Director Jaime Chico Pardo		For	For		Mgmt
	3	Elect Director David M. Cote		For	For		Mgmt
	4	Elect Director D. Scott Davis		For	For		Mgmt
	5	Elect Director Linnet F. Deily		For	For		Mgmt
	6	Elect Director Clive R. Hollick		For	For		Mgmt
	7	Elect Director Bradley T. Sheares		For	For		Mgmt
	8	Elect Director Eric K. Shinseki		For	For		Mgmt
	9	Elect Director John R. Stafford		For	For		Mgmt
	10	Elect Director Michael W. Wright		For	For		Mgmt
	11	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 24

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	12	Provide the Right to Call Special		For	For		Mgmt
		Meeting
	13	Pay For Superior Performance		Against	For		ShrHoldr
04/28/08 - A	The Boeing Co. *BA*		097023105			02/28/08		249,507
	1	Elect Director John H. Biggs		For	For		Mgmt
	2	Elect Director John E. Bryson		For	For		Mgmt
	3	Elect Director Arthur D. Collins, Jr.		For	For		Mgmt
	4	Elect Director Linda Z. Cook		For	For		Mgmt
	5	Elect Director William M. Daley		For	For		Mgmt
	6	Elect Director Kenneth M. Duberstein		For	For		Mgmt
	7	Elect Director James L. Jones		For	For		Mgmt
	8	Elect Director Edward M. Liddy		For	For		Mgmt
	9	Elect Director John F. McDonnell		For	For		Mgmt
	10	Elect Director W. James McNerney, Jr.		For	For		Mgmt
	11	Elect Director Mike S. Zafirovski		For	For		Mgmt
	12	Ratify Auditors		For	For		Mgmt
	13	Report on Foreign Arms Sales		Against	Against		ShrHoldr
	14	Adopt Principles for Health Care Reform		Against	Against		ShrHoldr
	15	Adopt Human Rights Policy		Against	For		ShrHoldr
	16	Require Independent Lead Director		Against	For		ShrHoldr
	17	Performance-Based and/or Time-Based		Against	For		ShrHoldr
		Equity Awards
	18	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	19	Restrict Severance Agreements		Against	For		ShrHoldr
		(Change-in-Control)
04/28/08 - A	The Lubrizol Corp. *LZ*		549271104			03/07/08		132,904
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		None	For		ShrHoldr
04/29/08 - A	COOPER INDUSTRIES LTD		G24182100			02/29/08		194,982
	*CBE*
		This is a duplicate meeting for ballots
		received via the Broadridge North
		American ballot distribution system
	1	Elect Directors		For	For		Mgmt
	2	APPOINT ERNST & YOUNG LLP AS		For	For		Mgmt
		INDEPENDENT AUDITORSFOR THE
		YEAR ENDING 12/31/2008.
	3	APPROVE THE AMENDED AND		For	For		Mgmt
		RESTATED STOCK INCENTIVE PLAN.
	4	SHAREHOLDER PROPOSAL		Against	Against		ShrHoldr
		REQUESTING COOPER TO
		IMPLEMENT ACODE OF CONDUCT
Mgmt Rec - Company Management Recommended Vote								Page 25

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

BASED ON INTERNATIONAL
LABORORGANIZATION HUMAN
RIGHTS STANDARDS.

04/29/08 - A	Exelon Corp. *EXC*		30161N101			03/03/08		20,760
	1	Elect Director Bruce DeMars		For	For		Mgmt
	2	Elect Director Nelson A. Diaz		For	For		Mgmt
	3	Elect Director Paul L. Joskow		For	For		Mgmt
	4	Elect Director John W. Rowe		For	For		Mgmt
	5	Ratify Auditors		For	For		Mgmt
	6	Report on Global Warming		Against	Against		ShrHoldr
04/29/08 - A	International Business		459200101			02/29/08		460,526
	Machines Corp. *IBM*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Restore or Provide for Cumulative		Against	For		ShrHoldr
		Voting
	4	Review Executive Compensation		Against	For		ShrHoldr
	5	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
		Committee on Human Rights
	6	Amend Bylaw -- Call Special Meetings		Against	For		ShrHoldr
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
04/29/08 - A	L-3 Communications		502424104			03/03/08		90,269
	Holdings, Inc. *LLL*
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
	3	Approve Non-Employee Director		For	For		Mgmt
		Omnibus Stock Plan
	4	Ratify Auditors		For	For		Mgmt
04/29/08 - A	The Chubb Corp. *CB*		171232101			03/10/08		362,240
	1	Elect Director Zoe Baird		For	For		Mgmt
	2	Elect Director Sheila P. Burke		For	For		Mgmt
	3	Elect Director James I. Cash, Jr.		For	For		Mgmt
	4	Elect Director Joel J. Cohen		For	For		Mgmt
	5	Elect Director John D. Finnegan		For	For		Mgmt
	6	Elect Director Klaus J. Mangold		For	For		Mgmt
	7	Elect Director Martin G. McGuinn		For	For		Mgmt
	8	Elect Director Lawrence M. Small		For	For		Mgmt
	9	Elect Director Jess Soderberg		For	For		Mgmt
	10	Elect Director Daniel E. Somers		For	For		Mgmt
	11	Elect Director Karen Hastie Williams		For	For		Mgmt
	12	Elect Director Alfred W. Zollar		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 26

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	13	Ratify Auditors		For	For		Mgmt
04/29/08 - A	Wells Fargo and Company		949746101			02/29/08		607,127
	*WFC*
	1	Elect Director John S. Chen		For	For		Mgmt
	2	Elect Director Lloyd H. Dean		For	For		Mgmt
	3	Elect Director Susan E. Engel		For	For		Mgmt
	4	Elect Director Enrique Hernandez, Jr.		For	For		Mgmt
	5	Elect Director Robert L. Joss		For	For		Mgmt
	6	Elect Director Richard M. Kovacevich		For	For		Mgmt
	7	Elect Director Richard D. McCormick		For	For		Mgmt
	8	Elect Director Cynthia H. Milligan		For	Against		Mgmt
	9	Elect Director Nicholas G. Moore		For	For		Mgmt
	10	Elect Director Philip J. Quigley		For	Against		Mgmt
	11	Elect Director Donald B. Rice		For	Against		Mgmt
	12	Elect Director Judith M. Runstad		For	For		Mgmt
	13	Elect Director Stephen W. Sanger		For	For		Mgmt
	14	Elect Director John G. Stumpf		For	For		Mgmt
	15	Elect Director Susan G. Swenson		For	For		Mgmt
	16	Elect Director Michael W. Wright		For	Against		Mgmt
	17	Ratify Auditors		For	For		Mgmt
	18	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	19	Amend Omnibus Stock Plan		For	For		Mgmt
	20	Require Independent Board Chairman		Against	For		ShrHoldr
	21	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	22	Pay For Superior Performance		Against	For		ShrHoldr
	23	Report on Human Rights Investment		Against	Against		ShrHoldr
		Policies
	24	Adopt EEO Policy Without Reference to		Against	Against		ShrHoldr
		Sexual Orientation
	25	Report on Racial and Ethnic Disparities		Against	Against		ShrHoldr
		in Loan Pricing
04/30/08 - A	E.I. Du Pont De Nemours &		263534109			03/05/08		497,778
	Co. *DD*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Report on Plant Closures		Against	Against		ShrHoldr
	4	Require Independent Board Chairman		Against	For		ShrHoldr
	5	Report on Global Warming		Against	Against		ShrHoldr
	6	Amend Human Rights Policies		Against	Against		ShrHoldr
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
04/30/08 - A	Invitrogen Corp. *IVGN*		46185R100			02/29/08		69,653
	1	Elect Directors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 27

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Amend Omnibus Stock Plan		For	For		Mgmt
04/30/08 - A	Marathon Oil Corp *MRO*		565849106			03/03/08		62,963
	1	Elect Director Charles F. Bolden, Jr.		For	For		Mgmt
	2	Elect Director Gregory H. Boyce		For	For		Mgmt
	3	Elect Director Shirley Ann Jackson		For	For		Mgmt
	4	Elect Director Philip Lader		For	For		Mgmt
	5	Elect Director Charles R. Lee		For	For		Mgmt
	6	Elect Director Dennis H. Reilley		For	For		Mgmt
	7	Elect Director Seth E. Schofield		For	For		Mgmt
	8	Elect Director John W. Snow		For	For		Mgmt
	9	Elect Director Thomas J. Usher		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Amend Bylaws -- Call Special Meetings		Against	For		ShrHoldr
	12	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
04/30/08 - A	State Street Corp. (Boston)		857477103			03/07/08		285,402
	*STT*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Limit Auditor from Providing Non-Audit		Against	Against		ShrHoldr
		Services
05/01/08 - A	Eastman Chemical Co. *EMN* 277432100					03/10/08		143,640
	1	Elect Director Michael P. Connors		For	For		Mgmt
	2	Elect Director J. Brian Ferguson		For	For		Mgmt
	3	Elect Director Howard L. Lance		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
	5	Amend EEO Policy to Prohibit		Against	Against		ShrHoldr
		Discrimination based on Sexual
		Orientation and Gender Identity
	6	Declassify the Board of Directors		Against	For		ShrHoldr
05/01/08 - A	Embarq Corp *EQ*		29078E105			03/04/08		188,474
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
	4	Approve Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	5	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 28

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Executive Officers' Compensation
05/01/08 - A	Noble Corporation *NE*		G65422100			03/06/08		167,967
		This is a duplicate meeting for ballots
		received via the Broadridge North
		American ballot distribution system
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/01/08 - A	Verizon Communications		92343V104			03/03/08		576,866
	*VZ*
	1	Elect Director Richard L. Carrion		For	For		Mgmt
	2	Elect Director M. Frances Keeth		For	For		Mgmt
	3	Elect Director Robert W. Lane		For	For		Mgmt
	4	Elect Director Sandra O. Moose		For	For		Mgmt
	5	Elect Director Joseph Neubauer		For	For		Mgmt
	6	Elect Director Donald T. Nicolaisen		For	For		Mgmt
	7	Elect Director Thomas H. O'Brien		For	For		Mgmt
	8	Elect Director Clarence Otis, Jr.		For	For		Mgmt
	9	Elect Director Hugh B. Price		For	For		Mgmt
	10	Elect Director Ivan G. Seidenberg		For	For		Mgmt
	11	Elect Director John W. Snow		For	For		Mgmt
	12	Elect Director John R. Stafford		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Prohibit Executive Stock-Based Awards		Against	Against		ShrHoldr
	15	Amend EEO Policy to Prohibit		Against	Against		ShrHoldr
		Discrimination based on Gender Identity
	16	Require Independent Board Chairman		Against	Against		ShrHoldr
05/02/08 - A	Occidental Petroleum Corp.		674599105			03/12/08		462,554
	*OXY*
	1	Elect Director Spencer Abraham		For	Against		Mgmt
	2	Elect Director Ronald W. Burkle		For	For		Mgmt
	3	Elect Director John S. Chalsty		For	Against		Mgmt
	4	Elect Director Edward P. Djerejian		For	For		Mgmt
	5	Elect Director John E. Feick		For	For		Mgmt
	6	Elect Director Ray R. Irani		For	For		Mgmt
	7	Elect Director Irvin W. Maloney		For	Against		Mgmt
	8	Elect Director Avedick B. Poladian		For	For		Mgmt
	9	Elect Director Rodolfo Segovia		For	Against		Mgmt
	10	Elect Director Aziz D. Syriani		For	For		Mgmt
	11	Elect Director Rosemary Tomich		For	Against		Mgmt
	12	Elect Director Walter L. Weisman		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Publish a Scientific Global Warming		Against	Against		ShrHoldr
		Report
	15	Advisory Vote to Ratify Named		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 29

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Executive Officers' Compensation
	16	Disclose Information on Compensation		Against	Against		ShrHoldr
		Consultant
	17	Pay For Superior Performance		Against	For		ShrHoldr
	18	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
05/06/08 - A	Baxter International Inc.		071813109			03/07/08		353,080
	*BAX*
	1	Elect Director Wayne T. Hockmeyer		For	For		Mgmt
	2	Elect Director Joseph B. Martin		For	For		Mgmt
	3	Elect Director Robert L. Parkinson		For	For		Mgmt
	4	Elect Director Thomas T. Stallkamp		For	For		Mgmt
	5	Elect Director Albert P.L. Stroucken		For	For		Mgmt
	6	Ratify Auditors		For	For		Mgmt
05/06/08 - A	Bristol-Myers Squibb Co.		110122108			03/10/08		918,455
	*BMY*
	1	Elect Director Lewis B. Campbell		For	For		Mgmt
	2	Elect Director James M. Cornelius		For	For		Mgmt
	3	Elect Director Louis J. Freeh		For	For		Mgmt
	4	Elect Director Laurie H. Glimcher		For	For		Mgmt
	5	Elect Director Michael Grobstein		For	For		Mgmt
	6	Elect Director Leif Johansson		For	For		Mgmt
	7	Elect Director Alan J. Lacey		For	For		Mgmt
	8	Elect Director Vicki L. Sato		For	For		Mgmt
	9	Elect Director Togo D. West, Jr.		For	For		Mgmt
	10	Elect Director R. Sanders Williams		For	For		Mgmt
	11	Ratify Auditors		For	For		Mgmt
	12	Increase Disclosure of Executive		Against	Against		ShrHoldr
		Compensation
05/06/08 - A	ITT Educational Services,		45068B109			03/07/08		48,977
	Inc. *ESI*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/06/08 - A	Reynolds American Inc *RAI*		761713106			03/10/08		211,463
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Adopt Human Rights Protocol For the		Against	For		ShrHoldr
		Company and its Suppliers
	4	Adopt Principles for Health Care Reform		Against	Against		ShrHoldr
	5	Implement the "Two Cigarette"		Against	Against		ShrHoldr
		Marketing Approach
Mgmt Rec - Company Management Recommended Vote								Page 30

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/06/08 - A	The Manitowoc Company,		563571108			02/29/08		163,524
	Inc. *MTW*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/06/08 - A	The Travelers Companies,		89417E109			03/07/08		419,109
	Inc. *TRV*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/07/08 - A	CME Group Inc. *CME*		12572Q105			03/10/08		21,008
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/07/08 - A	CVS Caremark Corp *CVS*		126650100			03/12/08		150,100
	1	Elect Director Edwin M. Banks		For	For		Mgmt
	2	Elect Director C. David Brown II		For	For		Mgmt
	3	Elect Director David W. Dorman		For	For		Mgmt
	4	Elect Director Kristen E. Gibney		For	For		Mgmt
		Williams
	5	Elect Director Marian L. Heard		For	For		Mgmt
	6	Elect Director William H. Joyce		For	For		Mgmt
	7	Elect Director Jean-Pierre Million		For	For		Mgmt
	8	Elect Director Terrence Murray		For	For		Mgmt
	9	Elect Director C.A. Lance Piccolo		For	For		Mgmt
	10	Elect Director Sheli Z. Rosenberg		For	For		Mgmt
	11	Elect Director Thomas M. Ryan		For	For		Mgmt
	12	Elect Director Richard J. Swift		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
	15	Adopt Anti Gross-up Policy		Against	For		ShrHoldr
	16	Report on Political Contributions		Against	For		ShrHoldr
05/07/08 - A	General Dynamics Corp.		369550108			03/10/08		267,629
	*GD*
	1	Elect Director Nicholas D. Chabraja		For	For		Mgmt
	2	Elect Director James S. Crown		For	For		Mgmt
	3	Elect Director William P. Fricks		For	For		Mgmt
	4	Elect Director Charles H. Goodman		For	For		Mgmt
	5	Elect Director Jay L. Johnson		For	For		Mgmt
	6	Elect Director George A. Joulwan		For	For		Mgmt
	7	Elect Director Paul G. Kaminski		For	For		Mgmt
	8	Elect Director John M. Keane		For	For		Mgmt
	9	Elect Director Deborah J. Lucas		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 31

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	10	Elect Director Lester L. Lyles		For	For		Mgmt
	11	Elect Director Carl E. Mundy, Jr.		For	For		Mgmt
	12	Elect Director J. Christopher Reyes		For	For		Mgmt
	13	Elect Director Robert Walmsley		For	For		Mgmt
	14	Ratify Auditors		For	For		Mgmt
	15	Adopt Ethical Criteria for Military		Against	Against		ShrHoldr
		Contracts
	16	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
05/07/08 - A	Hess Corporation *HES*		42809H107			03/17/08		127,470
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		For	For		Mgmt
	4	Approve Omnibus Stock Plan		For	For		Mgmt
05/07/08 - A	PepsiCo, Inc. *PEP*		713448108			03/07/08		522,389
	1	Elect Director I.M. Cook		For	For		Mgmt
	2	Elect Director D. Dublon		For	For		Mgmt
	3	Elect Director V.J. Dzau		For	For		Mgmt
	4	Elect Director R.L. Hunt		For	For		Mgmt
	5	Elect Director A. Ibarguen		For	For		Mgmt
	6	Elect Director A.C. Martinez		For	For		Mgmt
	7	Elect Director I.K. Nooyi		For	For		Mgmt
	8	Elect Director S.P. Rockefeller		For	For		Mgmt
	9	Elect Director J.J. Schiro		For	For		Mgmt
	10	Elect Director L.G. Trotter		For	For		Mgmt
	11	Elect Director D.Vasella		For	For		Mgmt
	12	Elect Director M.D. White		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Report on Recycling		Against	Against		ShrHoldr
	15	Report on Genetically Engineered		Against	Against		ShrHoldr
		Products
	16	Report on Human Rights Policies		Against	Against		ShrHoldr
		Relating to Water Use
	17	Report on Global Warming		Against	Against		ShrHoldr
	18	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
05/08/08 - A	AMB Property Corp. *AMB*		00163T109			03/06/08		60,536
	1	Elect Director T. Robert Burke		For	For		Mgmt
	2	Elect Director David A. Cole		For	For		Mgmt
	3	Elect Director Lydia H. Kennard		For	For		Mgmt
	4	Elect Director J. Michael Losh		For	For		Mgmt
	5	Elect Director Hamid R. Moghadam		For	For		Mgmt
	6	Elect Director Frederick W. Reid		For	For		Mgmt
	7	Elect Director Jeffrey L. Skelton		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 32

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Elect Director Thomas W. Tusher		For	For		Mgmt
	9	Elect Director Carl B. Webb		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
05/08/08 - A	Apache Corp. *APA*		037411105			03/19/08		233,693
	1	Elect Director G. Steven Farris		For	For		Mgmt
	2	Elect Director Randolph M. Ferlic		For	For		Mgmt
	3	Elect Director A. D. Frazier, Jr.		For	For		Mgmt
	4	Elect Director John A. Kocur		For	For		Mgmt
	5	Reimburse Proxy Contest Expenses		Against	Against		ShrHoldr
05/08/08 - A	CenturyTel, Inc. *CTL*		156700106			03/10/08		208,752
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
05/08/08 - A	Duke Energy Corp. *DUK*		26441C105			03/13/08		974,669
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Executive Incentive Bonus Plan		For	For		Mgmt
05/08/08 - A	Gilead Sciences, Inc. *GILD*		375558103			03/19/08		551,708
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Increase Authorized Common Stock		For	For		Mgmt
05/08/08 - A	Google Inc *GOOG*		38259P508			03/11/08		47,715
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
	4	Adopt Internet Censorship Policies		Against	For		ShrHoldr
	5	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
		Committee on Human Rights
05/08/08 - A	Simon Property Group, Inc.		828806109			03/07/08		143,767
	*SPG*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Pay For Superior Performance		Against	For		ShrHoldr

Mgmt Rec - Company Management Recommended Vote

Page 33

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/08/08 - A	United Parcel Service, Inc.		911312106			03/10/08		256,416
	*UPS*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/08/08 - A	Windstream Corp. *WIN*		97381W104			03/14/08		661,502
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
05/09/08 - A	AXIS CAPITAL HOLDINGS		G0692U109			03/07/08		136,874
	LTD *AXS*
		This is a duplicate meeting for ballots
		received via the Broadridge North
		American ballot distribution system
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert L. Friedman ---
		Withhold
	1.2	Elect Director Donald J. Greene --- For
	1.3	Elect Director Jurgen Grupe --- For
	1.4	Elect Director Frank J. Tasco --- For
	2	APPROVE DELOITTE & TOUCHE AS		For	For		Mgmt
		AUDITORS AND AUTHORIZE BOARD
		TO FIX THEIR REMUNERATION.
05/09/08 - A	FMC Technologies, Inc. *FTI*		30249U101			03/03/08		112,478
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
05/09/08 - A	Nucor Corp. *NUE*		670346105			03/11/08		199,014
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
05/09/08 - A	Owens-Illinois, Inc. *OI*		690768403			03/11/08		168,393
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt

Mgmt Rec - Company Management Recommended Vote

Page 34

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/09/08 - A	St. Jude Medical, Inc. *STJ*		790849103			03/12/08		255,211
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Adopt Majority Voting for Uncontested		For	For		Mgmt
		Election of Directors
	4	Ratify Auditors		For	For		Mgmt
05/09/08 - A	Watson Pharmaceuticals,		942683103			03/21/08		314,215
	Inc. *WPI*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/12/08 - A	Boston Properties Inc. *BXP*		101121101			03/20/08		101,169
	1	Elect Directors		For	Withhold		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		Against	For		ShrHoldr
05/13/08 - A	3M CO *MMM*		88579Y101			03/14/08		99,940
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
05/13/08 - A	ITT Corp. *ITT*		450911102			03/21/08		233,710
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Articles of Incorporation to		For	For		Mgmt
		Authorize Additional Shares and
		Provide for Majority Voting in
		Uncontested Elections
	4	Amend Omnibus Stock Plan		For	For		Mgmt
	5	Amend Omnibus Stock Plan		For	For		Mgmt
	6	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	7	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	8	Report Foreign Military Sales		Against	Against		ShrHoldr
05/13/08 - A	Loews Corp. *L*		540424207			03/17/08		90,318
	1	Elect Director Ann E. Berman		For	For		Mgmt
	2	Elect Director Joseph L. Bower		For	For		Mgmt
	3	Elect Director Charles M. Diker		For	For		Mgmt
	4	Elect Director Paul J. Fribourg		For	For		Mgmt
	5	Elect Director Walter L. Harris		For	For		Mgmt
	6	Elect Director Philip A. Laskawy		For	For		Mgmt
	7	Elect Director Gloria R. Scott		For	For		Mgmt
	8	Elect Director Andrew H. Tisch		For	For		Mgmt
	9	Elect Director James S. Tisch		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 35

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	10	Elect Director Jonathan M. Tisch		For	For		Mgmt
	11	Ratify Auditors		For	For		Mgmt
	12	Provide for Cumulative Voting		Against	For		ShrHoldr
	13	Pay For Superior Performance		Against	For		ShrHoldr
	14	Adopt Principles for Health Care Reform		Against	Against		ShrHoldr
	15	Amend Tobacco Marketing Strategies		Against	Against		ShrHoldr
05/13/08 - A	Prudential Financial Inc		744320102			03/14/08		36,379
	*PRU*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/14/08 - A	American International		026874107			03/28/08		472,451
	Group, Inc. *AIG*
	1	Elect Director Stephen F. Bollenbach		For	For		Mgmt
	2	Elect Director Martin S. Feldstein		For	For		Mgmt
	3	Elect Director Ellen V. Futter		For	For		Mgmt
	4	Elect Director Richard C. Holbrooke		For	For		Mgmt
	5	Elect Director Fred H. Langhammer		For	For		Mgmt
	6	Elect Director George L. Miles, Jr.		For	For		Mgmt
	7	Elect Director Morris W. Offit		For	For		Mgmt
	8	Elect Director James F. Orr, III		For	For		Mgmt
	9	Elect Director Virginia M. Rometty		For	For		Mgmt
	10	Elect Director Martin J. Sullivan		For	For		Mgmt
	11	Elect Director Michael H. Sutton		For	For		Mgmt
	12	Elect Director Edmund S.W. Tse		For	For		Mgmt
	13	Elect Director Robert B. Willumstad		For	For		Mgmt
	14	Ratify Auditors		For	For		Mgmt
	15	Report on Human Rights Policies		Against	For		ShrHoldr
		Relating to Water Use
	16	Report on Political Contributions		Against	For		ShrHoldr
05/14/08 - A	Comcast Corp. *CMCSA*		20030N101			03/06/08		253,782
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Restricted Stock Plan		For	For		Mgmt
	4	Amend Stock Option Plan		For	For		Mgmt
	5	Adopt Recapitalization Plan		Against	For		ShrHoldr
	6	Increase Disclosure of Executive		Against	Against		ShrHoldr
		Compensation
	7	Require More Director Nominations		Against	Against		ShrHoldr
		Than Open Seats
	8	Report on Pay Disparity		Against	Against		ShrHoldr
	9	Provide for Cumulative Voting for Class		Against	For		ShrHoldr
		A Shareholders
	10	Adopt Principles for Health Care Reform		Against	Against		ShrHoldr
	11	Advisory Vote to Ratify Named		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 36

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

Executive Officers' Compensation

05/14/08 - A	ConocoPhillips *COP*		20825C104			03/17/08		326,847
	1	Elect Director Harold W. McGraw III		For	For		Mgmt
	2	Elect Director James J. Mulva		For	For		Mgmt
	3	Elect Director Bobby S. Shackouls		For	For		Mgmt
	4	Declassify the Board of Directors		For	For		Mgmt
	5	Ratify Auditors		For	For		Mgmt
	6	Require Director Nominee Qualifications		Against	Against		ShrHoldr
	7	Report on Indigenous Peoples Rights		Against	Against		ShrHoldr
		Policies
	8	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	9	Report on Political Contributions		Against	For		ShrHoldr
	10	Adopt Greenhouse Gas Emissions		Against	For		ShrHoldr
		Goals for Products and Operations
	11	Report on Community Environmental		Against	Against		ShrHoldr
		Impacts of Operations
	12	Report on Environmental Damage from		Against	For		ShrHoldr
		Drilling in the National Petroleum
		Reserve
	13	Report on Environmental Impact of Oil		Against	For		ShrHoldr
		Sands Operations in Canada
	14	Report on Global Warming		Against	Against		ShrHoldr
05/14/08 - A	Host Hotels & Resorts, Inc.		44107P104			03/27/08		413,669
	*HST*
	1	Elect Director Roberts M. Baylis		For	For		Mgmt
	2	Elect Director Terence C. Golden		For	Against		Mgmt
	3	Elect Director Ann M. Korologos		For	For		Mgmt
	4	Elect Director Richard E. Marriott		For	For		Mgmt
	5	Elect Director Judith A. McHale		For	For		Mgmt
	6	Elect Director John B. Morse Jr		For	For		Mgmt
	7	Elect Director W. Edward Walter		For	For		Mgmt
	8	Ratify Auditors		For	For		Mgmt
05/14/08 - A	Murphy Oil Corp. *MUR*		626717102			03/17/08		182,478
	1	Elect Directors		For	For		Mgmt
	2	Approve Non-Employee Director		For	For		Mgmt
		Omnibus Stock Plan
	3	Amend EEO Policy to Prohibit		Against	Against		ShrHoldr
		Discrimination based on Sexual
		Orientation and Gender Identity
	4	Ratify Auditors		For	For		Mgmt

Mgmt Rec - Company Management Recommended Vote

Page 37

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/14/08 - A	National Oilwell Varco, Inc.		637071101			03/27/08		328,639
	*NOV*
	1	Elect Director Robert E. Beauchamp		For	For		Mgmt
	2	Elect Director Jeffery A. Smisek		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
05/15/08 - A	Assurant Inc *AIZ*		04621X108			03/28/08		96,171
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	4	Approve Omnibus Stock Plan		For	For		Mgmt
05/15/08 - A	Molson Coors Brewing Co		60871R209			03/18/08		242,202
	*TAP*
	1	Elect Directors		For	For		Mgmt
05/15/08 - A	Oneok, Inc. *OKE*		682680103			03/18/08		142,943
	1	Elect Directors		For	For		Mgmt
	2	Approve Decrease in Size of Board		For	For		Mgmt
	3	Declassify the Board of Directors		For	For		Mgmt
	4	Amend Omnibus Stock Plan		For	Against		Mgmt
	5	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	6	Amend Restricted Stock Plan		For	Against		Mgmt
	7	Ratify Auditors		For	For		Mgmt
	8	Adopt Quantitative GHG Goals From		Against	For		ShrHoldr
		Operations
05/15/08 - A	Radioshack Corp. *RSH*		750438103			03/18/08		217,990
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Require a Majority Vote for the Election		For	For		ShrHoldr
		of Directors
05/15/08 - A	The Williams Companies, Inc.		969457100			03/24/08		184,429
	*WMB*
	1	Elect Director Joseph R. Cleveland		For	For		Mgmt
	2	Elect Director Juanita H. Hinshaw		For	For		Mgmt
	3	Elect Director Frank T. Macinnis		For	For		Mgmt
	4	Elect Director Steven J. Malcolm		For	For		Mgmt
	5	Elect Director Janice D. Stoney		For	For		Mgmt
	6	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 38

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/15/08 - A	Tiffany & Co. *TIF*		886547108			03/20/08		276,860
	1	Elect Director Michael J. Kowalski		For	For		Mgmt
	2	Elect Director Rose Marie Bravo		For	For		Mgmt
	3	Elect Director Gary E. Costley		For	For		Mgmt
	4	Elect Director Lawrence K. Fish		For	For		Mgmt
	5	Elect Director Abby F. Kohnstamm		For	For		Mgmt
	6	Elect Director Charles K. Marquis		For	For		Mgmt
	7	Elect Director Peter W. May		For	For		Mgmt
	8	Elect Director J. Thomas Presby		For	For		Mgmt
	9	Elect Director William A. Shutzer		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Approve Non-Employee Director		For	For		Mgmt
		Omnibus Stock Plan
05/15/08 - A	Yum Brands, Inc. *YUM*		988498101			03/17/08		322,241
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Adopt Majority Voting for Uncontested		For	For		Mgmt
		Election of Directors
	4	Amend Omnibus Stock Plan		For	Against		Mgmt
	5	Adopt MacBride Principles		Against	Against		ShrHoldr
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	7	Report on Sustainability and Food		Against	For		ShrHoldr
		Safety in the Supply Chain
	8	Report on Animal Welfare Policies		Against	Against		ShrHoldr
05/16/08 - A	Aon Corp. *AOC*		037389103			03/19/08		144,726
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Patrick G. Ryan --- For
	1.2	Elect Director Gregory C. Case --- For
	1.3	Elect Director Fulvio Conti --- For
	1.4	Elect Director Edgar D. Jannotta --- For
	1.5	Elect Director Jan Kalff --- Withhold
	1.6	Elect Director Lester B. Knight --- For
	1.7	Elect Director J. Michael Losh --- For
	1.8	Elect Director R. Eden Martin --- For
	1.9	Elect Director Andrew J. McKenna ---
		For
	1.10	Elect Director Robert S. Morrison --- For
	1.11	Elect Director Richard B. Myers --- For
	1.12	Elect Director Richard C. Notebaert ---
		For
	1.13	Elect Director John W. Rogers, Jr. ---
		For
Mgmt Rec - Company Management Recommended Vote								Page 39

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.14	Elect Director Gloria Santona --- For
	1.15	Elect Director Carolyn Y. Woo --- For
	2	Ratify Auditors		For	For		Mgmt
05/16/08 - A	Omnicom Group Inc. *OMC*		681919106			03/27/08		273,190
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/16/08 - A	Schering-Plough Corp. *SGP*		806605101			03/28/08		124,522
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/16/08 - A	Time Warner Inc *TWX*		887317105			03/21/08		254,353
	1	Elect Director James L. Barksdale		For	For		Mgmt
	2	Elect Director Jeffrey L. Bewkes		For	For		Mgmt
	3	Elect Director Stephen F. Bollenbach		For	For		Mgmt
	4	Elect Director Frank J. Caufield		For	For		Mgmt
	5	Elect Director Robert C. Clark		For	For		Mgmt
	6	Elect Director Mathias Dopfner		For	For		Mgmt
	7	Elect Director Jessica P. Einhorn		For	For		Mgmt
	8	Elect Director Reuben Mark		For	For		Mgmt
	9	Elect Director Michael A. Miles		For	For		Mgmt
	10	Elect Director Kenneth J. Novack		For	For		Mgmt
	11	Elect Director Richard D. Parsons		For	For		Mgmt
	12	Elect Director Deborah C. Wright		For	For		Mgmt
	13	Eliminate Supermajority Vote		For	For		Mgmt
		Requirement
	14	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	15	Ratify Auditors		For	For		Mgmt
	16	Require Independent Board Chairman		Against	For		ShrHoldr
05/16/08 - A	Transocean Inc. *RIG*		G90073100			03/19/08		198,130
		This is a duplicate meeting for ballots
		received via the Broadridge North
		American ballot distribution system
	1	ELECTION OF DIRECTOR: JON A.		For	For		Mgmt
		MARSHALL
	2	ELECTION OF DIRECTOR: MARTIN B.		For	For		Mgmt
		MCNAMARA
	3	ELECTION OF DIRECTOR: ROBERT		For	For		Mgmt
		E. ROSE
	4	ELECTION OF DIRECTOR: IAN C.		For	For		Mgmt
		STRACHAN
	5	APPROVAL OF THE APPOINTMENT		For	For		Mgmt
		OF ERNST & YOUNG LLP TO SERVE
		AS OUR INDEPENDENT
Mgmt Rec - Company Management Recommended Vote								Page 40

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		REGISTERED PUBLIC ACCOUNTING
		FIRM FOR 2008.
05/20/08 - A	JPMorgan Chase & Co.		46625H100			03/21/08		884,033
	*JPM*
	1	Elect Director Crandall C. Bowles		For	For		Mgmt
	2	Elect Director Stephen B. Burke		For	For		Mgmt
	3	Elect Director David M. Cote		For	For		Mgmt
	4	Elect Director James S. Crown		For	For		Mgmt
	5	Elect Director James Dimon		For	For		Mgmt
	6	Elect Director Ellen V. Futter		For	For		Mgmt
	7	Elect Director William H. Gray, III		For	For		Mgmt
	8	Elect Director Laban P. Jackson, Jr.		For	For		Mgmt
	9	Elect Director Robert I. Lipp		For	For		Mgmt
	10	Elect Director David C. Novak		For	For		Mgmt
	11	Elect Director Lee R. Raymond		For	For		Mgmt
	12	Elect Director William C. Weldon		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Amend Omnibus Stock Plan		For	Against		Mgmt
	15	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	16	Report on Government Service of		Against	Against		ShrHoldr
		Employees
	17	Report on Political Contributions		Against	For		ShrHoldr
	18	Require Independent Board Chairman		Against	Against		ShrHoldr
	19	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	20	Require More Director Nominations		Against	Against		ShrHoldr
		Than Open Seats
	21	Report on Human Rights Investment		Against	Against		ShrHoldr
		Policies
	22	Report on Lobbying Activities		Against	Against		ShrHoldr
05/20/08 - A	Questar Corp. *STR*		748356102			03/24/08		188,231
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Phillips S. Baker, Jr. ---
		For
	1.2	Elect Director L. Richard Flury --- For
	1.3	Elect Director Bruce A. Williamson ---
		For
	1.4	Elect Director James A. Harmon ---
		Withhold
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		None	For		ShrHoldr
05/20/08 - A	Thermo Fisher Scientific Inc. 883556102					03/28/08		374,545
	*TMO*
	1	Elect Director Scott M. Sperling		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 41

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Elect Director Bruce L. Koepfgen		For	For		Mgmt
	3	Elect Director Michael E. Porter		For	For		Mgmt
	4	Approve Omnibus Stock Plan		For	For		Mgmt
	5	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	6	Ratify Auditors		For	For		Mgmt
05/21/08 - A	Cimarex Energy Co *XEC*		171798101			03/26/08		64,446
	1	Elect Director David A. Hentschel		For	For		Mgmt
	2	Elect Director F. H. Merelli		For	For		Mgmt
	3	Elect Director L. Paul Teague		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
05/21/08 - A	Corn Products International,		219023108			03/24/08		86,325
	Inc. *CPO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/21/08 - A	EMC Corp. *EMC*		268648102			03/20/08		971,927
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Michael W. Brown --- For
	1.2	Elect Director Michael J. Cronin --- For
	1.3	Elect Director Gail Deegan --- For
	1.4	Elect Director John R. Egan --- For
	1.5	Elect Director W. Paul Fitzgerald --- For
	1.6	Elect Director Olli-Pekka Kallasvuo ---
		Withhold
	1.7	Elect Director Edmund F. Kelly --- For
	1.8	Elect Director Windle B. Priem --- For
	1.9	Elect Director Paul Sagan --- For
	1.10	Elect Director David N. Strohm --- For
	1.11	Elect Director Joseph M. Tucci --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Adopt Majority Voting for Uncontested		For	For		Mgmt
		Election of Directors
	4	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
05/21/08 - A	Halliburton Co. *HAL*		406216101			03/24/08		46,524
	1	Elect Director Alan M. Bennett		For	For		Mgmt
	2	Elect Director James R. Boyd		For	For		Mgmt
	3	Elect Director Milton Carroll		For	For		Mgmt
	4	Elect Director Kenneth T. Derr		For	For		Mgmt
	5	Elect Director S. Malcolm Gillis		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 42

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6	Elect Director James T. Hackett		For	For		Mgmt
	7	Elect Director David J. Lesar		For	For		Mgmt
	8	Elect Director J. Landis Martin		For	For		Mgmt
	9	Elect Director Jay A. Precourt		For	For		Mgmt
	10	Elect Director Debra L. Reed		For	For		Mgmt
	11	Ratify Auditors		For	For		Mgmt
	12	Amend Omnibus Stock Plan		For	For		Mgmt
	13	Adopt Human Rights Policy		Against	For		ShrHoldr
	14	Report on Political Contributions		Against	For		ShrHoldr
	15	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
		Committee on Human Rights
05/21/08 - A	Intel Corp. *INTC*		458140100			03/24/08	1,173,082
	1	Elect Director Craig R. Barrett		For	For		Mgmt
	2	Elect Director Charlene Barshefsky		For	For		Mgmt
	3	Elect Director Carol A. Bartz		For	For		Mgmt
	4	Elect Director Susan L. Decker		For	For		Mgmt
	5	Elect Director Reed E. Hundt		For	For		Mgmt
	6	Elect Director Paul S. Otellini		For	For		Mgmt
	7	Elect Director James D. Plummer		For	For		Mgmt
	8	Elect Director David S. Pottruck		For	For		Mgmt
	9	Elect Director Jane E. Shaw		For	For		Mgmt
	10	Elect Director John L. Thornton		For	For		Mgmt
	11	Elect Director David B. Yoffie		For	For		Mgmt
	12	Ratify Auditors		For	For		Mgmt
	13	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
		Committee on Sustainability
05/21/08 - A	Juniper Networks, Inc.		48203R104			03/24/08		518,794
	*JNPR*
	1	Elect Directors		For	For		Mgmt
	2	Approve Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	3	Ratify Auditors		For	For		Mgmt
05/21/08 - A	The Hartford Financial		416515104			03/24/08		162,348
	Services Group, Inc. *HIG*
	1	Elect Director Ramani Ayer		For	For		Mgmt
	2	Elect Director Ramon de Oliveira		For	For		Mgmt
	3	Elect Director Trevor Fetter		For	For		Mgmt
	4	Elect Director Edward J. Kelly, III		For	For		Mgmt
	5	Elect Director Paul G. Kirk, Jr.		For	For		Mgmt
	6	Elect Director Thomas M. Marra		For	For		Mgmt
	7	Elect Director Gail J. McGovern		For	For		Mgmt
	8	Elect Director Michael G. Morris		For	For		Mgmt
	9	Elect Director Charles B. Strauss		For	For		Mgmt
	10	Elect Director H. Patrick Swygert		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 43

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	11	Ratify Auditors		For	For		Mgmt
05/21/08 - A	The NASDAQ OMX Group,		631103108			04/04/08		177,607
	Inc. *NDAQ*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
05/22/08 - A	Hasbro, Inc. *HAS*		418056107			03/28/08		474,734
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/22/08 - A	McDonald's Corp. *MCD*		580135101			03/24/08		617,264
	1	Elect Director Ralph Alvarez		For	For		Mgmt
	2	Elect Director Susan E. Arnold		For	For		Mgmt
	3	Elect Director Richard H. Lenny		For	For		Mgmt
	4	Elect Director Cary D. McMillan		For	For		Mgmt
	5	Elect Director Sheila A. Penrose		For	For		Mgmt
	6	Elect Director James A. Skinner		For	For		Mgmt
	7	Ratify Auditors		For	For		Mgmt
05/22/08 - A	Medco Health Solutions, Inc.		58405U102			03/26/08		426,532
	*MHS*
	1	Elect Director John L. Cassis		For	For		Mgmt
	2	Elect Director Michael Goldstein		For	For		Mgmt
	3	Elect Director Blenda J. Wilson		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
	5	Increase Authorized Common Stock		For	For		Mgmt
	6	Limit Executive Compensation		Against	Against		ShrHoldr
05/22/08 - A	Target Corporation *TGT*		87612E106			03/24/08		20,837
	1	Elect Director Roxanne S. Austin		For	For		Mgmt
	2	Elect Director James A. Johnson		For	For		Mgmt
	3	Elect Director Mary E. Minnick		For	For		Mgmt
	4	Elect Director Derica W. Rice		For	For		Mgmt
	5	Ratify Auditors		For	For		Mgmt
05/22/08 - A	Unum Group *UNM*		91529Y106			03/24/08		646,440
	1	Elect Director Jon S. Fossel		For	For		Mgmt
	2	Elect Director Gloria C. Larson		For	For		Mgmt
	3	Elect Director William J. Ryan		For	For		Mgmt
	4	Elect Director Thomas R. Watjen		For	For		Mgmt
	5	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
Mgmt Rec - Company Management Recommended Vote								Page 44

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6	Approve Nonqualified Employee Stock		For	For		Mgmt
		Purchase Plan
	7	Approve Nonqualified Employee Stock		For	For		Mgmt
		Purchase Plan
	8	Ratify Auditors		For	For		Mgmt
05/23/08 - A	FPL Group, Inc. *FPL*		302571104			03/24/08		330,634
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Sherry S. Barrat --- For
	1.2	Elect Director Robert M. Beall, II --- For
	1.3	Elect Director J. Hyatt Brown ---
		Withhold
	1.4	Elect Director James L. Camaren --- For
	1.5	Elect Director J. Brian Ferguson --- For
	1.6	Elect Director Lewis Hay, III --- For
	1.7	Elect Director Toni Jennings --- For
	1.8	Elect Director Oliver D. Kingsley, Jr. ---
		For
	1.9	Elect Director Rudy E. Schupp --- For
	1.10	Elect Director Michael H. Thaman ---
		For
	1.11	Elect Director Hansel E. Tookes, II ---
		For
	1.12	Elect Director Paul R. Tregurtha --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Report on Global Warming		Against	Against		ShrHoldr
05/23/08 - A	Western Union Co *WU*		959802109			03/24/08		659,211
	1	Elect Director Jack M. Greenberg		For	For		Mgmt
	2	Elect Director Alan J. Lacy		For	For		Mgmt
	3	Elect Director Linda Fayne Levinson		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
05/28/08 - A	Altria Group, Inc. *MO*		02209S103			04/04/08		647,512
	1	Elect Director Elizabeth E. Bailey		For	For		Mgmt
	2	Elect Director Gerald L. Baliles		For	For		Mgmt
	3	Elect Director Dinyar S. Devitre		For	For		Mgmt
	4	Elect Director Thomas F. Farrell II		For	For		Mgmt
	5	Elect Director Robert E. R. Huntley		For	For		Mgmt
	6	Elect Director Thomas W. Jones		For	For		Mgmt
	7	Elect Director George Mu oz		For	For		Mgmt
	8	Elect Director Michael E. Szymanczyk		For	For		Mgmt
	9	Ratify Auditors		For	For		Mgmt
	10	Advisory Vote to Ratify Named		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 45

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Executive Officers' Compensation
	11	Provide for Cumulative Voting		Against	For		ShrHoldr
	12	Adopt the Marketing and Advertising		Against	Against		ShrHoldr
		Provisions of the U.S. Master
		Settlement Agreement Globally
	13	Cease Advertising Campaigns Oriented		Against	Against		ShrHoldr
		to Prevent Youth Smoking
	14	Implement the "Two Cigarette"		Against	Against		ShrHoldr
		Marketing Approach
	15	Adopt Principles for Health Care Reform		Against	Against		ShrHoldr
05/28/08 - A	Chevron Corporation *CVX*		166764100			03/31/08		696,850
	1	Elect Director S. H. Armacost		For	For		Mgmt
	2	Elect Director L. F. Deily		For	For		Mgmt
	3	Elect Director R. E. Denham		For	For		Mgmt
	4	Elect Director R. J. Eaton		For	For		Mgmt
	5	Elect Director S. Ginn		For	For		Mgmt
	6	Elect Director F. G. Jenifer		For	For		Mgmt
	7	Elect Director J. L. Jones		For	For		Mgmt
	8	Elect Director S. Nunn		For	For		Mgmt
	9	Elect Director D. J. O?Reilly		For	For		Mgmt
	10	Elect Director D. B. Rice		For	For		Mgmt
	11	Elect Director P. J. Robertson		For	For		Mgmt
	12	Elect Director K. W. Sharer		For	For		Mgmt
	13	Elect Director C. R. Shoemate		For	For		Mgmt
	14	Elect Director R. D. Sugar		For	For		Mgmt
	15	Elect Director C. Ware		For	For		Mgmt
	16	Ratify Auditors		For	For		Mgmt
	17	Increase Authorized Common Stock		For	For		Mgmt
	18	Require Independent Board Chairman		Against	Against		ShrHoldr
	19	Adopt Human Rights Policy		Against	For		ShrHoldr
	20	Report on Environmental Impact of Oil		Against	For		ShrHoldr
		Sands Operations in Canada
	21	Adopt Quantitative GHG Goals for		Against	Against		ShrHoldr
		Products and Operations
	22	Adopt Guidelines for Country Selection		Against	Against		ShrHoldr
	23	Report on Market Specific		Against	Against		ShrHoldr
		Environmental Laws
05/28/08 - A	Express Scripts, Inc. *ESRX*		302182100			03/31/08		282,393
	1	Elect Directors		For	For		Mgmt
	2	Increase Authorized Common Stock		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
	5	Other Business		For	Against		Mgmt

Mgmt Rec - Company Management Recommended Vote

Page 46

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/28/08 - A	Exxon Mobil Corp. *XOM*		30231G102			04/04/08	1,512,730
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Bylaws to Prohibit Precatory		Against	Against		ShrHoldr
		Proposals
	4	Require Director Nominee Qualifications		Against	Against		ShrHoldr
	5	Require Independent Board Chairman		Against	For		ShrHoldr
	6	Approve Distribution Policy		Against	Against		ShrHoldr
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	8	Compare CEO Compensation to		Against	Against		ShrHoldr
		Company's Lowest Paid U.S. Workers
	9	Claw-back of Payments under		Against	Against		ShrHoldr
		Restatements
	10	Review Anti-discrimination Policy on		Against	Against		ShrHoldr
		Corporate Sponsorships and Executive
		Perks
	11	Report on Political Contributions		Against	For		ShrHoldr
	12	Amend EEO Policy to Prohibit		Against	For		ShrHoldr
		Discrimination based on Sexual
		Orientation and Gender Identity
	13	Report on Community Environmental		Against	Against		ShrHoldr
		Impacts of Operations
	14	Report on Potential Environmental		Against	Against		ShrHoldr
		Damage from Drilling in the Arctic
		National Wildlife Refuge
	15	Adopt Greenhouse Gas Emissions		Against	For		ShrHoldr
		Goals for Products and Operations
	16	Report on Carbon Dioxide Emissions		Against	Against		ShrHoldr
		Information at Gas Stations
	17	Report on Climate Change Impacts on		Against	Against		ShrHoldr
		Emerging Countries
	18	Report on Energy Technologies		Against	Against		ShrHoldr
		Development
	19	Adopt Policy to Increase Renewable		Against	For		ShrHoldr
		Energy
05/28/08 - A	R. R. Donnelley & Sons Co.		257867101			04/02/08		198,365
	*RRD*
	1	Elect Director Thomas J. Quinlan, III		For	For		Mgmt
	2	Elect Director Stephen M. Wolf		For	For		Mgmt
	3	Elect Director Lee A. Chaden		For	For		Mgmt
	4	Elect Director E.V. (Rick) Goings		For	For		Mgmt
	5	Elect Director Judith H. Hamilton		For	For		Mgmt
	6	Elect Director Thomas S. Johnson		For	For		Mgmt
	7	Elect Director John C. Pope		For	For		Mgmt
	8	Elect Director Michael T. Riordan		For	For		Mgmt
	9	Elect Director Oliver R. Sockwell		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 47

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	11	Amend Omnibus Stock Plan		For	For		Mgmt
	12	Report on Sustainable Forestry		Against	Against		ShrHoldr
	13	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
05/29/08 - A	AK Steel Holding Corp.		001547108			04/01/08		116,593
	*AKS*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Executive Incentive Bonus Plan		For	For		Mgmt
05/29/08 - A	Big Lots, Inc. *BIG*		089302103			03/31/08		108,186
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
05/30/08 - A	Aetna Inc. *AET*		00817Y108			03/28/08		328,606
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Provide for Cumulative Voting		Against	For		ShrHoldr
	4	Require Director Nominee Qualifications		Against	Against		ShrHoldr
05/30/08 - A	Citrix Systems, Inc. *CTXS*		177376100			04/01/08		257,780
	1	Elect Director Murray J. Demo		For	For		Mgmt
	2	Elect Director Asiff S. Hirji		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
06/02/08 - A	The Gap, Inc. *GPS*		364760108			04/07/08		621,586
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
06/03/08 - A	MasterCard Incorporated		57636Q104			04/09/08		20,931
	*MA*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/03/08 - A	The DirecTV Group, Inc		25459L106			04/04/08		468,422
	*DTV*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 48

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/03/08 - A	The TJX Companies, Inc.		872540109			04/14/08		468,727
	*TJX*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Jos B. Alvarez --- For
	1.2	Elect Director Alan M. Bennett --- For
	1.3	Elect Director David A. Brandon ---
		Withhold
	1.4	Elect Director Bernard Cammarata ---
		For
	1.5	Elect Director David T. Ching --- For
	1.6	Elect Director Michael F. Hines --- For
	1.7	Elect Director Amy B. Lane --- For
	1.8	Elect Director Carol Meyrowitz --- For
	1.9	Elect Director John F. O'Brien --- For
	1.10	Elect Director Robert F. Shapiro --- For
	1.11	Elect Director Willow B. Shire --- For
	1.12	Elect Director Fletcher H. Wiley --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
	4	Implement MacBride Principles		Against	Against		ShrHoldr
06/04/08 - A	Devon Energy Corp. *DVN*		25179M103			04/07/08		238,904
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Increase Authorized Common Stock		For	For		Mgmt
	4	Declassify the Board of Directors		For	For		Mgmt
06/05/08 - A	Freeport-McMoRan Copper &		35671D857			04/15/08		121,672
	Gold Inc. *FCX*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Richard C. Adkerson ---
		For
	1.2	Elect Director Robert J. Allison, Jr. ---
		Withhold
	1.3	Elect Director Robert A. Day --- For
	1.4	Elect Director Gerald J. Ford --- For
	1.5	Elect Director H. Devon Graham, Jr. ---
		Withhold
	1.6	Elect Director J. Bennett Johnston ---
		For
	1.7	Elect Director Charles C. Krulak --- For
	1.8	Elect Director Bobby Lee Lackey ---
		Withhold
Mgmt Rec - Company Management Recommended Vote								Page 49

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.9	Elect Director Jon C. Madonna --- For
	1.10	Elect Director Dustan E. McCoy --- For
	1.11	Elect Director Gabrielle K. McDonald ---
		For
	1.12	Elect Director James R. Moffett --- For
	1.13	Elect Director B.M. Rankin, Jr. --- For
	1.14	Elect Director J. Stapleton Roy --- For
	1.15	Elect Director Stephen H. Siegele ---
		For
	1.16	Elect Director J. Taylor Wharton --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Increase Authorized Common Stock		For	For		Mgmt
06/05/08 - A	UnitedHealth Group		91324P102			04/09/08		63,753
	Incorporated *UNH*
	1	Elect Director William C. Ballard, Jr.		For	For		Mgmt
	2	Elect Director Richard T. Burke		For	For		Mgmt
	3	Elect Director Robert J. Darretta		For	For		Mgmt
	4	Elect Director Stephen J. Hemsley		For	For		Mgmt
	5	Elect Director Michele J. Hooper		For	For		Mgmt
	6	Elect Director Douglas W. Leatherdale		For	For		Mgmt
	7	Elect Director Glenn M. Renwick		For	For		Mgmt
	8	Elect Director Gail R. Wilensky		For	For		Mgmt
	9	Amend Omnibus Stock Plan		For	For		Mgmt
	10	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	11	Ratify Auditors		For	For		Mgmt
	12	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	13	Performance-Based Equity Awards		Against	For		ShrHoldr
06/06/08 - A	Wal-Mart Stores, Inc. *WMT*		931142103			04/10/08		420,860
	1	Elect Director Aida M. Alvarez		For	For		Mgmt
	2	Elect Director James W. Breyer		For	For		Mgmt
	3	Elect Director M. Michele Burns		For	For		Mgmt
	4	Elect Director James I. Cash, Jr.		For	For		Mgmt
	5	Elect Director Roger C. Corbett		For	For		Mgmt
	6	Elect Director Douglas N. Daft		For	For		Mgmt
	7	Elect Director David D. Glass		For	For		Mgmt
	8	Elect Director Gregory B. Penner		For	For		Mgmt
	9	Elect Director Allen I. Questrom		For	For		Mgmt
	10	Elect Director H. Lee Scott, Jr.		For	For		Mgmt
	11	Elect Director Arne M. Sorenson		For	For		Mgmt
	12	Elect Director Jim C. Walton		For	For		Mgmt
	13	Elect Director S. Robson Walton		For	For		Mgmt
	14	Elect Director Christopher J. Williams		For	For		Mgmt
	15	Elect Director Linda S. Wolf		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 50

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	16	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	17	Ratify Auditors		For	For		Mgmt
	18	Amend EEO Policy to Prohibit		Against	Against		ShrHoldr
		Discrimination based on Sexual
		Orientation and Gender Identity
	19	Pay For Superior Performance		Against	For		ShrHoldr
	20	Claw-back of Payments under		Against	Against		ShrHoldr
		Restatements
	21	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
		Committee on Human Rights
	22	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	23	Report on Political Contributions		Against	For		ShrHoldr
	24	Report on Social and Reputation Impact		Against	Against		ShrHoldr
		of Failure to Comply with ILO
		Conventions
	25	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
06/10/08 - A	Lam Research Corp. *LRCX*		512807108			04/25/08		121,879
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director James W. Bagley --- For
	1.2	Elect Director David G. Arscott --- For
	1.3	Elect Director Robert M. Berdahl --- For
	1.4	Elect Director Richard J. Elkus, Jr. ---
		For
	1.5	Elect Director Jack R. Harris --- For
	1.6	Elect Director Grant M. Inman --- For
	1.7	Elect Director Catherine P. Lego --- For
	1.8	Elect Director Stephen G. Newberry ---
		Withhold
	1.9	Elect Director Seiichi Watanabe --- For
	1.10	Elect Director Patricia S. Wolpert --- For
	2	Ratify Auditors		For	For		Mgmt
06/12/08 - A	Autodesk, Inc. *ADSK*		052769106			04/14/08		236,047
	1	Elect Director Carol A. Bartz		For	For		Mgmt
	2	Elect Director Carl Bass		For	For		Mgmt
	3	Elect Director Mark A. Bertelsen		For	For		Mgmt
	4	Elect Director Crawford W. Beveridge		For	For		Mgmt
	5	Elect Director J. Hallam Dawson		For	For		Mgmt
	6	Elect Director Per-Kristian Halvorsen		For	For		Mgmt
	7	Elect Director Sean M. Maloney		For	For		Mgmt
	8	Elect Director Elizabeth A. Nelson		For	For		Mgmt
	9	Elect Director Charles J. Robel		For	For		Mgmt
	10	Elect Director Steven M. West		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 51

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	11	Ratify Auditors		For	For		Mgmt
	12	Amend Non-Employee Director		For	For		Mgmt
		Omnibus Stock Plan
06/17/08 - A	Guess?, Inc. *GES*		401617105			05/07/08		153,836
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/19/08 - A	Nvidia Corporation *NVDA*		67066G104			04/21/08		617,701
	1	Elect Director Steven Chu, Ph.D.		For	For		Mgmt
	2	Elect Director Harvey C. Jones		For	For		Mgmt
	3	Elect Director William J. Miller		For	For		Mgmt
	4	Increase Authorized Common Stock		For	For		Mgmt
	5	Ratify Auditors		For	For		Mgmt
06/24/08 - A	GameStop Corp. *GME*		36467W109			05/01/08		262,911
	1	Elect Directors		For	For		Mgmt
	2	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
06/25/08 -	CSX Corp. *CSX*		126408103			04/21/08		106,719
PC
		Management Proxy (White Card)
	1.1	Elect Director D. M. Alvarado		For	DoNotVote		Mgmt
	1.2	Elect Director E. E. Bailey		For	DoNotVote		Mgmt
	1.3	Elect Director Sen. J. B. Breaux		For	DoNotVote		Mgmt
	1.4	Elect Director S. T. Halverson		For	DoNotVote		Mgmt
	1.5	Elect Director E. J. Kelly, III		For	DoNotVote		Mgmt
	1.6	Elect Director R. D. Kunisch		For	DoNotVote		Mgmt
	1.7	Elect Director J. D. McPherson		For	DoNotVote		Mgmt
	1.8	Elect Director D. M. Ratcliffe		For	DoNotVote		Mgmt
	1.9	Elect Director W. C. Richardson		For	DoNotVote		Mgmt
	1.10	Elect Director F. S. Royal		For	DoNotVote		Mgmt
	1.11	Elect Director D. J. Shepard		For	DoNotVote		Mgmt
	1.12	Elect Director M. J. Ward		For	DoNotVote		Mgmt
	2	Ratify Auditors		For	DoNotVote		Mgmt
	3	Provide Right to Call Special Meeting		For	DoNotVote		Mgmt
	4	Amend Articles/Bylaws/Charter -- Call		Against	DoNotVote		ShrHoldr
		Special Meetings
	5	Repeal Any Provision or Amendement		Against	DoNotVote		ShrHoldr
		to the Company's By-laws Adopted
		without Shareholder Approval
		Dissident Proxy (Blue Card)
	1.1	Elect Director Christopher Hohn		For	For		ShrHoldr
	1.2	Elect Director Alexandre Behring		For	For		ShrHoldr
	1.3	Elect Director Gilbert H. Lamphere		For	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 52

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Disciplined LargeCap Blend Fund – 4019
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.4	Elect Director Timothy T. OToole		For	For		ShrHoldr
	1.5	Elect Director Gary L. Wilson		For	Withhold		ShrHoldr
	1.6	Management Nominee - D.M. Alvarado		For	For		ShrHoldr
	1.7	Management Nominee - Sen. JB		For	For		ShrHoldr
		Breaux
	1.8	Management Nominee - E.J. Kelly, III		For	For		ShrHoldr
	1.9	Management Nominee - J.D.		For	For		ShrHoldr
		McPherson
	1.10	Management Nominee - D.M. Ratcliffe		For	For		ShrHoldr
	1.11	Management Nominee - D.J. Shepard		For	For		ShrHoldr
	1.12	Management Nominee - M.J. Ward		For	For		ShrHoldr
	2	Amend Articles/Bylaws/Charter -- Call		For	For		ShrHoldr
		Special Meetings
	3	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
	4	Repeal Any Provision or Amendement		For	For		ShrHoldr
		to the Company's By-laws Adopted
		without Shareholder Approval
	5	Ratify Auditors		Abstain	For		Mgmt
06/26/08 - A	Supervalu Inc. *SVU*		868536103			04/28/08		250,879
	1	Elect Director A. Gary Ames		For	For		Mgmt
	2	Elect Director Philip L. Francis		For	For		Mgmt
	3	Elect Director Edwin C. Gage		For	For		Mgmt
	4	Elect Director Garnett L. Keith, Jr.		For	For		Mgmt
	5	Elect Director Marissa T. Peterson		For	For		Mgmt
	6	Ratify Auditors		For	For		Mgmt
	7	Adopt Purchasing Preference for		Against	Against		ShrHoldr
		Suppliers Using CAK
	8	Declassify the Board of Directors		Against	For		ShrHoldr

Mgmt Rec - Company Management Recommended Vote

Page 53

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
07/04/07 - A	Robert Wiseman Dairies plc		G7608U107			None		9,380
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 9 Pence Per		For	For		Mgmt
		Ordinary Share
	4	Re-elect Robert Wiseman as Director		For	For		Mgmt
	5	Re-elect Andrew Dare as Director		For	For		Mgmt
	6	Re-elect David Dobbins as Director		For	For		Mgmt
	7	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors of the Company
	8	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 2,350,000
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 360,000
	11	Authorise 7,000,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	12	Subject to the Passing of Resolution		For	For		Mgmt
		11, Approve Waiver on Tender-Bid
		Requirement
07/04/07 - A	Voestalpine AG (formerly		A9101Y103			None		88,767
	Voest-Alpine Stahl AG)
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports
	2	Approve Allocation of Income		For			Mgmt
	3	Approve Discharge of Management		For			Mgmt
		Board
	4	Approve Discharge of Supervisory		For			Mgmt
		Board
	5	Ratify Auditors		For			Mgmt
	6	Elect One Supervisory Board Member		For			Mgmt
	7	Approve Creation of EUR 57.6 Million		For			Mgmt
		Pool of Capital without Preemptive
		Rights; Approve Creation of EUR 28.8
		Million Pool of Capital without
		Preemptive Rights for Issuances to
		Employees
	8	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares; Authorize
		Reissuance of Repurchased Shares to
		Employees, Management and
Mgmt Rec - Company Management Recommended Vote								Page 1

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Members of the Management Board
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
07/05/07 - A	Great Portland Estates plc		G40712179			None		43,972
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 7.55 Pence		For	For		Mgmt
		Per Share
	3	Approve Remuneration Report		For	For		Mgmt
	4	Re-elect Robert Noel as Director		For	For		Mgmt
	5	Re-elect Kathleen O'Donovan as		For	For		Mgmt
		Director
	6	Re-elect Charles Irby as Director		For	For		Mgmt
	7	Elect Neil Thompson as Director		For	For		Mgmt
	8	Elect Jonathan Short as Director		For	For		Mgmt
	9	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors of the Company
	10	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	11	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 7,534,950
	12	Subject to the Passing of Resolution		For	For		Mgmt
		11, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 1,131,374
	13	Authorise 27,134,869 Ordinary Shares		For	For		Mgmt
		for Market Purchase
07/07/07 - A	Burckhardt Compression		H12013100			None		404
	Holding AG
	1	Share Re-registration Consent		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
07/07/07 - A	Burckhardt Compression		H12013100			None		404
	Holding AG
	1	Accept Financial Statements and		For			Mgmt
		Statutory Reports
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of CHF 3 per Share
Mgmt Rec - Company Management Recommended Vote								Page 2

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Approve Discharge of Board and		For			Mgmt
		Senior Management
	4	Elect Urs Leinhaeuser as Director		For			Mgmt
	5	Ratify PricewaterhouseCoopers AG as		For			Mgmt
		Auditors
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
07/09/07 - S	Man Group plc		G5790V115			None		892,954
	1	Approve the Proposed Disposal by		For	For		Mgmt
		Way of IPO of MF Global Ltd
07/10/07 - S	ALUMINUM CORPORATION		Y0094N109			06/08/07		786,000
	OF CHINA LTD
	1	Approve Final Dividend		For	For		Mgmt
	2	Approve Discretionary Bonus to		For	For		Mgmt
		Directors, Supervisors and Other
		Senior Management of the Company
	3	Approve Renewal of Liability Insurance		For	Against		Mgmt
		for Directors, Supervisors and Other
		Senior Management
07/10/07 - A	Bank Of India Ltd		Y06949112			07/04/07		149,403
	1	Accept Financial Statements and		For			Mgmt
		Statutory Reports
	2	Approve Dividend of INR 1.50 Per		For			Mgmt
		Share
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
07/10/07 -	CNP Assurances		F1876N318			07/05/07		5,534
A/S
		Special Business
	1	Adopt One-Tiered Board Structure and		For			Mgmt
		Adopt New Bylaws
	2	Approve Transfer of Authorities to the		For			Mgmt
		Board of Directors Re: Issuance of
		Free Shares and Shares Reserved to
		Employee Savings-Related Share
		Purchase Plan
		Ordinary Business
	3	Approve Transfer of Authority to the		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 3

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board of Directors: Repurchase of
		Shares
	4	Elect Edmond Alphandery as Director		For			Mgmt
	5	Elect Jean-Paul Bailly as Director		For			Mgmt
	6	Elect Philippe Baumlin as Director		For			Mgmt
	7	Elect Gilles Benoist as Director		For			Mgmt
	8	Elect Etienne Bertier as Director		For			Mgmt
	9	Elect Antonio Borges as Director		For			Mgmt
	10	Elect Caisse des Depots et		For			Mgmt
		Consignations as Director
	11	Elect French State as Director		For			Mgmt
	12	Elect Jerome Gallot as Director		For			Mgmt
	13	Elect Alexandre Lamfalussy as Director		For			Mgmt
	14	Elect Dominique Marcel as Director		For			Mgmt
	15	Elect Nicolas Merindol as Director		For			Mgmt
	16	Elect Andre Laurent Michelson as		For			Mgmt
		Director
	17	Elect Charles Milhaud as Director		For			Mgmt
	18	Elect Henri Proglio as Director		For			Mgmt
	19	Elect Franck Silvent as Director		For			Mgmt
	20	Elect Sopassure as Director		For			Mgmt
	21	Elect Patrick Werner as Director		For			Mgmt
	22	Appoint Bernard Comolet as Censor		For			Mgmt
	23	Appoint Jacques Hornez as Censor		For			Mgmt
	24	Appoint Jean-Louis de Mourgues as		For			Mgmt
		Censor
	25	Approve Remuneration of Directors in		For			Mgmt
		the Aggregate Amount of EUR 550,000
	26	Authorize Filing of Required		For			Mgmt
		Documents/Other Formalities
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
07/10/07 - A	Marks & Spencer Group plc		G5824M107			None		612,499
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 12.0 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Elect Martha Fox as Director		For	For		Mgmt
	5	Re-elect Ian Dyson as Director		For	For		Mgmt
	6	Re-elect Steven Holliday as Director		For	For		Mgmt
	7	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
Mgmt Rec - Company Management Recommended Vote								Page 4

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 141,715,176
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 21,257,276
	11	Authorise 170,000,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	12	Amend Articles of Association		For	For		Mgmt
	13	Approve Marks and Spencer Group		For	For		Mgmt
		Sharesave Plan 2007
07/10/07 -	Neopost SA		F65196119			07/05/07		7,491
A/S
		Ordinary Business
	1	Approve Financial Statements and		For			Mgmt
		Statutory Reports
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 3.30 per Share
	3	Accept Consolidated Financial		For			Mgmt
		Statements and Statutory Reports
	4	Approve Special Auditors' Report		For			Mgmt
		Regarding Related-Party Transactions
	5	Approve Remuneration of Directors in		For			Mgmt
		the Aggregate Amount of EUR 290,000
	6	Elect Denis Thiery as Director		For			Mgmt
	7	Elect Agnes Touraine as Director		For			Mgmt
	8	Reelect Michel Guillet as Director		For			Mgmt
	9	Reelect Jacques Clay as Director		For			Mgmt
	10	Reelect Jean-Paul Villot as Director		For			Mgmt
	11	Ratify Ernst & Young et Autres as		For			Mgmt
		Auditor
	12	Ratify Christian Chocho as Alternate		For			Mgmt
		Auditor
	13	Authorize Repurchase of Up to Ten		For			Mgmt
		Percent of Issued Share Capital
		Special Business
	14	Amend Articles of Association Re:		For			Mgmt
		Record Date
	15	Authorize Issuance of Equity or Equity-		For			Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 5 Million
	16	Authorize Board to Increase Capital in		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 5

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	17	Authorize Capitalization of Reserves of		For			Mgmt
		Up to EUR 30 Million for Bonus Issue
		or Increase in Par Value
	18	Authorize Capital Increase of up to 10		For			Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	19	Authorize Capital Increase of Up to		For			Mgmt
		EUR 5 Million for Future Exchange
		Offers
	20	Approve Employee Savings-Related		For			Mgmt
		Share Purchase Plan
	21	Approve Overseas Employee Stock		For			Mgmt
		Purchase Plan
	22	Amend Restricted Stock Plan		For			Mgmt
	23	Approve Reduction in Share Capital via		For			Mgmt
		Cancellation of Repurchased Shares
	24	Approve Issuance of Securities		For			Mgmt
		Convertible into Debt up to 250 Million
	25	Authorize Filing of Required		For			Mgmt
		Documents/Other Formalities
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
07/10/07 - S	SSAB Swedish Steel		W8615U124			07/04/07		208,400
	1	Elect Chairman of Meeting		For	For		Mgmt
	2	Prepare and Approve List of		For	For		Mgmt
		Shareholders
	3	Approve Agenda of Meeting		For	For		Mgmt
	4	Designate Inspector or Shareholder		For	For		Mgmt
		Representative(s) of Minutes of
		Meeting
	5	Acknowledge Proper Convening of		For	For		Mgmt
		Meeting
	6	Amend Articles Re: Set New Limits for		For	For		Mgmt
		Minimum (100 Million) and Maximum
		(400 Million) Number of Issued Shares
	7	Approve Creation of Pool of Capital		For	For		Mgmt
		with Preemptive Rights
	8	Close Meeting		None	None		Mgmt
07/11/07 - A	3i Group plc		G88473114			None		340,944
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 6

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Approve Final Dividend of 10.3 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Elect Robert Swannell as Director		For	For		Mgmt
	5	Re-elect Baroness Hogg as Director		For	For		Mgmt
	6	Re-elect Fred Steingraber as Director		For	For		Mgmt
	7	Re-elect Philip Yea as Director		For	For		Mgmt
	8	Reappoint Ernst & Young LLP as		For	For		Mgmt
		Auditors of the Company
	9	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	10	Authorise the Company to Make EU		For	For		Mgmt
		Political Organisation Donations up to
		GBP 12,000 and to Incur EU Political
		Expenditure up to GBP 12,000
	11	Authorise 3i Plc to Make EU Political		For	For		Mgmt
		Organisation Donations up to GBP
		12,000 and to Incur EU Political
		Expenditure up to GBP 12,000
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 96,502,000
	13	Subject to the Passing of Resolution		For	For		Mgmt
		12, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 14,475,000
	14	Authorise 46,111,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	15	Authorise 8,629,980 B Shares for		For	For		Mgmt
		Market Purchase
07/11/07 - S	3i Group plc		G88473114			None		340,944
	1	Approve Increase in Capital to GBP		For	For		Mgmt
		416,699,863; Capitalise Share
		Premium Account and Issue Equity
		with Rights up to GBP 6,513,700.20;
		Approve Share Consolidation and Sub-
		Division; Authorise 651,370,020 B
		Shares for Market Purchase
07/11/07 - A	J Sainsbury plc		G77732173			None		715,261
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 7.35 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Elect Val Gooding as Director		For	For		Mgmt
	5	Re-elect Justin King as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 7

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	7	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	8	Authorise the Company to Make EU		For	For		Mgmt
		Political Organisation Donations up to
		GBP 50,000 and to Incur EU Political
		Expenditure up to GBP 50,000
	9	Authorise Sainsbury's Supermarkets		For	For		Mgmt
		Ltd to Make EU Political Organisation
		Donations up to GBP 25,000 and to
		Incur EU Political Expenditure up to
		GBP 25,000
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 165,640,000
	11	Subject to the Passing of Resolution		For	For		Mgmt
		10, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 24,850,000
	12	Authorise 173,922,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	13	Authorise the Company to Use		For	For		Mgmt
		Electronic Communications; Amend
		Articles of Association Re: Electronic
		Communications
07/12/07 -	Air France KLM		F01699135			07/09/07		20,015
A/S
		Ordinary Business
	1	Approve Financial Statements and		For			Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For			Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 0.48 per Share
	4	Approve Special Auditors' Report		For			Mgmt
		Regarding Related-Party Transactions
	5	Authorize Repurchase of Up to 10		For			Mgmt
		Percent of Issued Share Capital
		Special Business
	6	Authorize Issuance of Equity or Equity-		For			Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 500 Million
	7	Authorize Issuance of Equity or Equity-		For			Mgmt
		Linked Securities without Preemptive
Mgmt Rec - Company Management Recommended Vote								Page 8

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Rights up to Aggregate Nominal
		Amount of EUR 500 Million
	8	Authorize Capital Increase of up to 10		For			Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	9	Authorize Capitalization of Reserves of		For			Mgmt
		Up to EUR 500 Million for Bonus Issue
		or Increase in Par Value
	10	Approve Employee Savings-Related		For			Mgmt
		Share Purchase Plan
	11	Amend Article 17 of Bylaws Re:		For			Mgmt
		Employee Shareholder
		Representatives
	12	Cancel Article 29 of Bylaws Re:		For			Mgmt
		Strategic Management Committee
	13	Amend Article 31 of Bylaws Re:		For			Mgmt
		Record Date
	14	Authorize Filing of Required		For			Mgmt
		Documents/Other Formalities
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
07/12/07 - S	Banco do Brasil S.A.		P11427112			None		128,100
	1	Amend Article 23 Re: Number of		For	For		Mgmt
		Executive Officers
	2	Amend Articles 21, 25, 27, 29, 30, 31,		For	For		Mgmt
		and 33A Re: Management of the
		Company
	3	Amend Article 13 Re: Eligibility of		For	For		Mgmt
		Administrators
	4	Amend Article 41 Re: Financial		For	For		Mgmt
		Reporting
	5	Amend Article 33 Re: Audit Committee		For	For		Mgmt
	6	Approve Remuneration of Directors		For	For		Mgmt
		and Executive Officers
07/12/07 - A	FirstGroup plc		G34604101			None		717,111
		Management Proposals
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 10.5 Pence		For	For		Mgmt
		Per Share
	4	Re-elect Moir Lockhead as Director		For	For		Mgmt
	5	Re-elect John Sievwright as Director		For	For		Mgmt
	6	Re-elect Dean Finch as Director		For	For		Mgmt
	7	Re-elect David Leeder as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 9

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Elect Audrey Baxter as Director		For	For		Mgmt
	9	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors of the Company
	10	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	11	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 7,304,646
	12	Subject to the Passing of Resolution		For	For		Mgmt
		11, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 1,095,697
	13	Authorise 43,750,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	14	Authorise the Company to Make EU		For	For		Mgmt
		Political Organisation Donations up to
		GBP 250,000 and to Incur EU Political
		Expenditure up to GBP 250,000
		Shareholder Proposal
	15	Adopt Workplace Human Rights Policy;		Against	Against		ShrHoldr
		Prepare Annual Report Available to
		Shareholders Concerning
		Implementation of this Policy; Meet the
		Expenses Incurred in Giving Effect to
		this Resolution
07/12/07 - A	Man Group plc		G5790V115			None		892,954
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 12.7 Cents		For	For		Mgmt
		Per Ordinary Share
	4	Elect Kevin Hayes as Director		For	For		Mgmt
	5	Re-elect Alison Carnwath as Director		For	For		Mgmt
	6	Re-elect Harvey McGrath as Director		For	For		Mgmt
	7	Re-elect Glen Moreno as Director		For	Against		Mgmt
	8	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	9	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 18,797,996
	11	Subject to the Passing of Resolution		For	For		Mgmt
		10, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
Mgmt Rec - Company Management Recommended Vote								Page 10

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Rights up to Aggregate Nominal
		Amount of USD 2,819,699.44
	12	Authorise 187,979,963 Ordinary		For	For		Mgmt
		Shares for Market Purchase
07/13/07 - A	The British Land Company		G15540118			None		298,731
	plc
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 8.25 Pence		For	For		Mgmt
		Per Share
	3	Re-elect Robert Bowden as Director		For	For		Mgmt
	4	Elect Colin Cowdery as Director		For	For		Mgmt
	5	Elect John Travers as Director		For	Abstain		Mgmt
	6	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors of the Company
	7	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	8	Approve Remuneration Report		For	For		Mgmt
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 43,467,055
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 6,520,058
	11	Authorise 52,160,464 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	12	Amend Articles of Association Re:		For	For		Mgmt
		Electronic Communications
	13	Subject to the Passing of Resolution		For	For		Mgmt
		12, Authorise the Company to Use
		Electronic Communications
	14	Amend The British Land Company		For	For		Mgmt
		Long Term Incentive Plan
07/16/07 - S	Road King Infrastructure Ltd. G76058109					None		145,000
	1	Approve Acquisition and Subscription		For	For		Mgmt
		of Sunco A Shares as a Result of the
		Exercise of the Outstanding Sunco A
		Options and Zhang Participation
		Agreement
	2	Approve Loan Advances of a Total of		For	For		Mgmt
		RMB 400.0 Million to Sunco B
		Pursuant to the Elite Rich Agreement

Mgmt Rec - Company Management Recommended Vote

Page 11

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
07/17/07 - A	Industria de Diseno Textil		E6282J109			None		157,661
	(INDITEX)
	1	Approve Individual Financial		For	For		Mgmt
		Statements and Statutory Reports and
		Discharge Directors for Fiscal Year
		Ended January 31, 2007
	2	Approve Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports and
		Discharge Directors for Fiscal Year
		Ended January 31, 2007
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	4	Ratify and Elect Director		For	For		Mgmt
	5	Reelect Auditors		For	For		Mgmt
	6	Amend General Meeting Guidelines to		For	For		Mgmt
		Adhere to Unified Code of Good
		Governance: Preamble and Article 6
		on Competencies of General Meeting,
		Article 9 on Information, and Article 22
		on Voting
	7	Authorize Repurchase of Shares		For	For		Mgmt
	8	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
07/17/07 - A	JJB Sports plc		G51394107			None		673,315
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 7 Pence Per		For	For		Mgmt
		Ordinary Share
	4	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors and Authorise the Board to
		Determine Their Remuneration
	5	Re-elect David Beever as Director		For	For		Mgmt
	6	Re-elect Barry Dunn as Director		For	For		Mgmt
	7	Re-elect Andrew Thomas as Director		For	For		Mgmt
	8	Elect Christopher Ronnie as Director		For	For		Mgmt
	9	Subject to and Conditional Upon the		For	For		Mgmt
		Passing of Resolution 3, Approve Scrip
		Dividend Offer
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 296,129 Pursuant to
		Acceptances of the Scrip Dividend
		Offer
	11	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
Mgmt Rec - Company Management Recommended Vote								Page 12

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Amount of GBP 3,970,702
	12	Subject to the Passing of Resolution		For	For		Mgmt
		10, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 296,129 Pursuant to
		Acceptances of the Scrip Dividend
		Offer
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 595,536
	14	Approve JJB Sports Plc 2007		For	For		Mgmt
		Sharesave Plan
07/17/07 - A	ProSiebenSAT.1 Media AG		D6216S101			06/26/07		20,219
	(frmly Prosieben Media AG)
		Informational Meeting ? Holders of
		Publicly Listed Preference Shares
		Have No Voting Rights
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports for Fiscal 2006
	2	Approve Allocation of Income and		None			Mgmt
		Dividends of EUR 0.87 per Common
		Share and EUR 0.89 per Preference
		Share
	3	Approve Discharge of Management		None			Mgmt
		Board for Fiscal 2006
	4	Approve Discharge of Supervisory		None			Mgmt
		Board for Fiscal 2006
	5	Ratify KPMG Deutsche Treuhand-		None			Mgmt
		Gesellschaft AG as Auditors for Fiscal
		2007
	6	Elect Robin Jones, Philipp Freise,		None			Mgmt
		Ulrich Gasse, Reinhard Gorenflos,
		Clive Hollick, Johannes Huth, Thomas
		Krenz, Goetz Maeuser, Christian
		Neuss, Silke Scheiber, Harry Sloan,
		and Harald Wiedmann to the
		Supervisory Board
	7	Amend Articles Re: Meetings of the		None			Mgmt
		Supervisory Board
	8	Amend Articles Re: Remuneration of		None			Mgmt
		Supervisory Board
	9	Amend Articles Re: Allow Electronic		None			Mgmt
		Distribution of Company
		Communications
	10	Authorize Share Repurchase Program		None			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
Mgmt Rec - Company Management Recommended Vote								Page 13

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	11	Approve Affiliation Agreements with		None			Mgmt
		Subsidiaries
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
07/17/07 - A	Teva Pharmaceutical		881624209			06/11/07		29,282
	Industries Ltd.
		Meeting for Holders of ADR's
	1	TO RECEIVE AND DISCUSS THE		For	For		Mgmt
		COMPANY S CONSOLIDATED
		BALANCE SHEET, ALL AS MORE
		FULLY DESCRIBED IN THE PROXY
		STATEMENT.
	2	TO APPROVE THE BOARD OF		For	For		Mgmt
		DIRECTORS RECOMMENDATION
		THAT THE CASH DIVIDEND FOR
		THE YEAR ENDED DECEMBER 31,
		2006, WHICH WAS PAID IN FOUR
		INSTALLMENTS AND AGGREGATED
		NIS 1.36 (APPROXIMATELY US$0.31)
		PER ORDINARY SHARE (OR ADR),
		BE DECLARED FINAL.
	3	TO ELECT ABRAHAM E. COHEN AS		For	Against		Mgmt
		A DIRECTOR.
	4	TO ELECT PROF. ROGER D.		For	For		Mgmt
		KORNBERG AS A DIRECTOR
	5	TO ELECT PROF. MOSHE MANY AS		For	For		Mgmt
		A DIRECTOR.
	6	TO ELECT DAN PROPPER AS A		For	For		Mgmt
		DIRECTOR.
	7	TO APPROVE THE PURCHASE OF		For	For		Mgmt
		DIRECTORS AND OFFICERS
		LIABILITY INSURANCE FOR THE
		DIRECTORS AND OFFICERS OF
		THE COMPANY AND ITS
		SUBSIDIARIES, ALL AS FULLY
		DESCRIBED IN THE PROXY
		STATEMENT.
	8	TO APPOINT KESSELMAN &		For	For		Mgmt
		KESSELMAN, A MEMBER OF
		PRICEWATERHOUSECOOPERS
		INTERNATIONAL LTD., AS THE
		COMPANY S INDEPENDENT
		REGISTERED PUBLIC ACCOUNTING
		FIRM UNTIL THE 2008 ANNUAL
		MEETING OF SHAREHOLDERS AND
		TO AUTHORIZE THE AUDIT
		COMMITTEE TO DETERMINE THEIR
Mgmt Rec - Company Management Recommended Vote								Page 14

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
07/18/07 - S	CFF Recycling (Formerly		F1552K125			07/13/07		1,460
	Compagnie Francaise de
	Ferrail)
		Special Business
	1	Approve Sale of Company Assets to		For			Mgmt
		Envirec and Its Remuneration
	2	Acknowledge Completion of Sale of		For			Mgmt
		Company Assets
	3	Delegation of Powers to CEO and to a		For			Mgmt
		Director to Execute all Formalities
		Pursuant to Sale of Company Assets
	4	Approve Merger Agreement with JCP		For			Mgmt
		Participations
	5	Approve Accounting Treatment of		For			Mgmt
		Merger with JCP Participations
	6	Acknowledge Completion of Merger		For			Mgmt
	7	Approve Merger by Absorption of CFF		For			Mgmt
		Recycling by Penauille Polyservices
	8	Acknowledge Completion of Merger		For			Mgmt
	9	Delegation of Powers to CEO and to a		For			Mgmt
		Director to Execute all Formalities
		Pursuant to Merger
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
07/19/07 - A	BT Group plc		G16612106			None	2,716,048
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Abstain		Mgmt
	3	Approve Final Dividend of 10 Pence		For	For		Mgmt
		Per Share
	4	Re-elect Sir Christopher Bland as		For	For		Mgmt
		Director
	5	Re-elect Andy Green as Director		For	For		Mgmt
	6	Re-elect Ian Livingston as Director		For	For		Mgmt
	7	Re-elect John Nelson as Director		For	For		Mgmt
	8	Elect Deborah Lathen as Director		For	For		Mgmt
	9	Elect Francois Barrault as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
Mgmt Rec - Company Management Recommended Vote								Page 15

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Amount of GBP 136,000,000
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 21,000,000
	14	Authorise 827,000,000 Shares for		For	For		Mgmt
		Market Purchase
	15	Authorise the Company to		For	For		Mgmt
		Communicate with Shareholders by
		Making Documents and Information
		Available on a Website
	16	Authorise British Telecommunications		For	For		Mgmt
		Plc to Make EU Political Organisation
		Donations up to GBP 100,000
07/19/07 - A	Macquarie Group Ltd *MQG*		Q56993167			07/17/07		140,854
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for the Year Ended
		March 31, 2007
	2	Approve Remuneration Report for the		For	Against		Mgmt
		Year Ended March 31, 2007
	3	Elect DS Clarke as Director		For	For		Mgmt
	4	Elect CB Livingstone as Director		For	For		Mgmt
	5	Elect PH Warne as Director		For	For		Mgmt
	6	Approve the Increase in Voting		For	For		Mgmt
		Directors' Maximum Aggregate
		Remuneration for Acting as Voting
		Directors from A$2.0 Million per Annum
		to A$3.0 Million per Annum
	7	Approve Participation as to a Maximum		For	For		Mgmt
		of 159,400 Options to AE Moss,
		Managing Director, in the Macquarie
		Bank Employee Share Option Plan
	8	Approve Paricipation as to a Maximum		For	For		Mgmt
		of 9,000 Options to LG Cox, Executive
		Director in the Macquarie Bank
		Employee Share Option Plan
07/23/07 - S	Aluminium of Greece SA		X00944136			None		18,164
		First Repeat Special Meeting
		Agenda
	1	Approve Spin-Off and Acquisition		For			Mgmt
		Agreement
	2	Approve Valuation Report for		For			Mgmt
		Acquisition
	3	Designate Representative to Sign		For			Mgmt
		Notary Acts Related to Acquisition
	4	Other Business		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 16

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

Not voted due to shareblocking restriction. The
potential impact on trading/loan share activities
would outweigh the economic value of the vote.

07/23/07 - S	Nexity		F6527B126			07/23/07		67,868
		Special Business
	1	Remove Double-Voting Rights for		For			Mgmt
		Long-Term Registered Shareholders
	2	Acquire Certain Assets of Another		For			Mgmt
		Company
	3	Issue Shares in Connection with		For			Mgmt
		Acquisitions Under Item 2
	4	Approve Allocation of Premium		For			Mgmt
	5	Acknowledge Completion of the Above		For			Mgmt
		Acquisitions and Removal of Double
		Voting Rights
	6	Amend Articles to Reflect Changes in		For			Mgmt
		Capital
	7	Authorize up to 1 Percent of Issued		For			Mgmt
		Capital for Use in Restricted Stock
		Plan
	8	Authorize Filing of Required		For			Mgmt
		Documents/Other Formalities
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
07/24/07 - A	Vodafone Group plc		G93882135			None		3,517,285
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Re-elect Sir John Bond as Director		For	For		Mgmt
	3	Re-elect Arun Sarin as Director		For	For		Mgmt
	4	Re-elect Michael Boskin as Director		For	Against		Mgmt
	5	Re-elect John Buchanan as Director		For	For		Mgmt
	6	Re-elect Andy Halford as Director		For	For		Mgmt
	7	Re-elect Anne Lauvergeon as Director		For	For		Mgmt
	8	Re-elect Jurgen Schrempp as Director		For	For		Mgmt
	9	Re-elect Luc Vandevelde as Director		For	For		Mgmt
	10	Re-elect Anthony Watson as Director		For	For		Mgmt
	11	Re-elect Philip Yea as Director		For	For		Mgmt
	12	Elect Vittorio Colao as Director		For	For		Mgmt
	13	Elect Alan Jebson as Director		For	For		Mgmt
	14	Elect Nick Land as Director		For	For		Mgmt
	15	Elect Simon Murray as Director		For	For		Mgmt
	16	Approve Final Dividend of 4.41 Pence		For	For		Mgmt
		Per Ordinary Share
	17	Approve Remuneration Report		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 17

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	18	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors of the Company
	19	Authorise Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	20	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 1,000,000,000
	21	Subject to the Passing of Resolution		For	For		Mgmt
		20, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 290,000,000
	22	Authorise 5,200,000,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	23	Authorise the Company to Use		For	For		Mgmt
		Electronic Communication
	24	Adopt New Articles of Association		For	For		Mgmt
		Shareholder Proposals
	25	Amend Articles of Association to		Against	Against		ShrHoldr
		Enable Shareholders to Direct
		Management by Ordinary Resolution
	26	Alter the Capital Structure of the		Against	Against		ShrHoldr
		Company by Receiving Tracking
		Shares or Adopting a Scheme of
		Arrangement to Introduce a New
		Holding Company and Receive New
		Holding Company Shares in Respect
		to Vodafone's Holding in Verizon
		Wireless
	27	Authorise Scheme of Arrangement to		Against	Against		ShrHoldr
		Introduce a New Holding Company
		with a New Capital Structure which
		Includes the Issue of Bonds Directly to
		Shareholders
	28	Amend Articles of Association Re:		Against	Against		ShrHoldr
		Protection of the Borrowing Capacity
		by Capping the Amount that the
		Company can Spend on Acquisitions
		Without Seeking Shareholder Approval
07/25/07 - S	Bank Pekao SA		X0641X106			07/18/07		17,027
	1	Open Meeting		None			Mgmt
	2	Elect Meeting Chairman		For			Mgmt
	3	Acknowledge Proper Convening of		For			Mgmt
		Meeting
	4	Elect Members of Vote Counting		For			Mgmt
		Commission
	5	Approve Agenda of Meeting		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 18

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6	Elect Supervisory Board		For			Mgmt
	7	Amend Statute Re: Corporate Purpose		For			Mgmt
	8	Approve Final Edition of Statute		For			Mgmt
	9	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
07/25/07 - S	General de Alquiler de		E5522J101			None		6,340
	Maquinaria SA
	1	Authorize Issuance of 2.3 Million		For	For		Mgmt
		Shares without Preemptive Rights
	2	Amend Articles to Reflect Changes in		For	For		Mgmt
		Capital
	3	Amend Article 23 of Company Bylaws		For	For		ShrHoldr
		Re: Board Composition
	4	Elect Management Board Member		For	For		Mgmt
	5	Approve Minutes of Meeting		For	For		Mgmt
	6	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
07/25/07 - S	TRANSPACIFIC INDUSTRIES		Q91932105			07/23/07		21,496
	GROUP LTD *TPI*
	1	Approve the Giving of Financial		For	For		Mgmt
		Assistance by the Subsidiaries
	2	Ratify Past Issuance of 36.40 Million		For	For		Mgmt
		Shares at Prices Ranging From A$7.15
		to A$11.9743 Each Made Since Aug
		31, 2006
07/26/07 - S	Banco Santander S.A.		E19790109			None		245,904
	1	Authorize Issuance of Shares with		For	For		Mgmt
		Preemptive Rights
	2	Authorize Issuance of Convertible		For	For		Mgmt
		Bonds Without Preemptive Rights
	3	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
07/26/07 - A	De La Rue plc		G6448X115			None		58,517
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 13.27 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect Leo Quinn as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 19

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Re-elect Philip Nolan as Director		For	For		Mgmt
	6	Re-elect Keith Hodgkinson as Director		For	For		Mgmt
	7	Re-elect Nicholas Brookes as Director		For	For		Mgmt
	8	Elect Warren East as Director		For	For		Mgmt
	9	Appoint KPMG Audit Plc as Auditors of		For	For		Mgmt
		the Company
	10	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	11	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 14,891,424
	12	Subject to the Passing of Resolution		For	For		Mgmt
		11, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 2,233,996
	13	Ratification and Approval of the Special		For	For		Mgmt
		Dividend 2005
	14	Authorise the Company to Make		For	For		Mgmt
		Electronic Communications
	15	Approve Share Subdivision of All		For	For		Mgmt
		Ordinary Shares of 27 7/9 Pence Each
		Into New Ordinary Shares of 1 62/63
		Pence Each; Approve Share
		Consolidation of Unissued Intermediate
		Ordinary Shares Into New Ordinary
		Shares of 29 16/21 Pence Each
	16	Subject to and Conditional Upon the		For	For		Mgmt
		Passing of Resolution 15, Authorise
		22,503,675 New Ordinary Shares for
		Market Purchase
07/26/07 - A	Pennon Group plc		G8295T213			None		43,466
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 12.7 Pence		For	For		Mgmt
		Per Ordinary Share
	3	Approve Remuneration Report		For	For		Mgmt
	4	Elect Christopher Loughlin as Director		For	For		Mgmt
	5	Re-elect Kenneth Harvey as Director		For	For		Mgmt
	6	Re-elect Gerard Connell as Director		For	For		Mgmt
	7	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	8	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	9	Approve Pennon Group Performance		For	For		Mgmt
		and Co-Investment Plan 2007
	10	Amend Articles of Association		For	For		Mgmt
	11	Authorise Issue of Equity or Equity-		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 20

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 30,210,712
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 7,239,461
	13	Authorise 35,574,747 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	14	Authorise the Company to Make EU		For	For		Mgmt
		Political Organisation Donations and to
		Incur EU Political Expenditure up to
		GBP 50,000
	15	Authorise South West Water Limited to		For	For		Mgmt
		Make EU Political Organisation
		Donations and to Incur EU Political
		Expenditure up to GBP 50,000
	16	Authorise Viridor Waste Management		For	For		Mgmt
		Limited to Make EU Political
		Organisation Donations and to Incur
		EU Political Expenditure up to GBP
		50,000
07/26/07 - A	Zumtobel AG		A989A1109			None		4,458
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports for Fiscal 2006/2007
	2	Approve Allocation of Income for Fiscal		For			Mgmt
		2006/2007
	3	Approve Discharge of Management		For			Mgmt
		and Supervisory Board for Fiscal
		2006/2007
	4	Approve Remuneration of Supervisory		For			Mgmt
		Board Members for Fiscal 2007/2008
	5	Ratify Auditors for Fiscal 2007/2008		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
07/27/07 - A	Singapore		Y79985209			None	3,630,000
	Telecommunications Ltd.
	*SGT*
	1	Adopt Financial Statements and		For	For		Mgmt
		Directors' and Auditors' Reports
	2	Declare Final Dividend of SGD 0.065		For	For		Mgmt
		Per Share and Special Dividend of
		SGD 0.095 Per Share
	3	Reelect Heng Swee Keat as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 21

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Reelect Simon Israel as Director		For	For		Mgmt
	5	Reelect John Powell Morschel as		For	For		Mgmt
		Director
	6	Reelect Deepak S Parekh as Director		For	For		Mgmt
	7	Reelect Chua Sock Koong as Director		For	For		Mgmt
	8	Reelect Kaikhushru Shiavax		For	For		Mgmt
		Nargolwala as Director
	9	Approve Directors' Fees of SGD 1.7		For	For		Mgmt
		Million for the Year Ended March 31,
		2007 (2006: SGD 1.5 Million)
	10	Approve Directors' Fees of SGD 2.3		For	For		Mgmt
		Million for the Year Ending March 31,
		2008
	11	Reappoint Auditors and Authorize		For	For		Mgmt
		Board to Fix Their Remuneration
	12	Approve Issuance of Shares without		For	For		Mgmt
		Preemptive Rights
	13	Approve Issuance of Shares and Grant		For	For		Mgmt
		of Options Pursuant to the Singapore
		Telecom Share Option Scheme
	14	Approve Grant of Awards Pursuant to		For	For		Mgmt
		the SingTel Performance Share Plan
07/27/07 - S	Singapore		Y79985209			None	3,630,000
	Telecommunications Ltd.
	*SGT*
	1	Authorize Share Repurchase Program		For	For		Mgmt
	2	Approve Participation by the Relevant		For	For		Mgmt
		Person in the SingTel Performance
		Share Plan
07/28/07 - S	UniCredit SpA (formerly		T95132105			07/26/07	1,586,399
	Unicredito Italiano SpA)
		Special Meeting Agenda
		Ordinary Business
	1	Elect One Director		For			Mgmt
		Special Business
	1	Approve Plan of Merger by		For			Mgmt
		Incorporation of Capitalia SpA in
		Unicredit SpA; Amend Bylaws
		Accordingly
	2	Authorize Reissuance of Repurchased		For			Mgmt
		Shares to Service 425,000 Purchase
		Rights to Be Granted to Executive
		Directors of Capitalia Group
	3	Amend Articles 27, 28, and 32 of the		For			Mgmt
		Bylaws
Mgmt Rec - Company Management Recommended Vote								Page 22

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

Not voted due to shareblocking restriction. The
potential impact on trading/loan share activities
would outweigh the economic value of the vote.

07/30/07 - S	SABESP, Companhia		P8228H104			None		58,080
	Saneamento Basico Sao
	Paulo
	1	Elect Directors		For	For		Mgmt
	2	Ratify Financial Statements and		For	For		Mgmt
		Statutory Reports for Fiscal Year 2006
	3	Re-Ratify Allocation of Income		For	For		Mgmt
07/30/07 - A	TAT HONG HOLDINGS		Y8548U124			None		86,000
	LIMITED
	1	Adopt Financial Statements and		For	For		Mgmt
		Directors' and Auditors' Reports
	2	Declare Final Dividend of SGD 0.03		For	For		Mgmt
		Per Share
	3	Reelect Tan Chok Kian as Director		For	For		Mgmt
	4	Reelect Ng San Tiong as Director		For	Against		Mgmt
	5	Reelect Leong Horn Kee as Director		For	For		Mgmt
	6	Approve Directors' Fees for the Year		For	Against		Mgmt
		Ended March 31, 2007
	7	Reappoint KPMG as Auditors and		For	For		Mgmt
		Authorize Board to Fix Their
		Remuneration
	8	Approve Issuance of Shares without		For	For		Mgmt
		Preemptive Rights
07/31/07 - S	Energy Metals Corp.		29271B106			06/21/07		6,722
		Meeting for Common Shareholders
		and Optionholders
	1	Approve Acquisition		For	For		Mgmt
07/31/07 - S	TELECOM EGYPT		M87886103			None		391,797
	1	Renew Executive Manager Term for		For			Mgmt
		One More Year Starting August 13,
		2007
	2	Modify Article Amendments 18 and 19		For			Mgmt
		of the Company Bylaws of EGM
		Decision Held March 29, 2007
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
Mgmt Rec - Company Management Recommended Vote								Page 23

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
07/31/07 - A	Wheelock Properties		Y95738111			None		94,000
	(Singapore) Limited (frmly
	Marco Polo De
	1	Adopt Financial Statements and		For	For		Mgmt
		Directors' and Auditors' Reports
	2	Declare First and Final Dividend of		For	For		Mgmt
		SGD 0.03 Per Share
	3	Approve Directors' Fees of SGD		For	For		Mgmt
		201,480 for the Year Ended March 31,
		2007 (2006: SGD 119,500)
	4	Reelect Tan Bee Kim as Director		For	For		Mgmt
	5	Reelect Ng Guan Tiong as Director		For	For		Mgmt
	6	Reelect Tan Zing Yan as Director		For	For		Mgmt
	7	Reelect Richard Edward Hale as		For	For		Mgmt
		Director
	8	Reelect Tan Keong Choon as Director		For	For		Mgmt
	9	Reelect Frank Yung-Cheng Yung as		For	For		Mgmt
		Director
	10	Reappoint KPMG Auditors and		For	For		Mgmt
		Authorize Board to Fix Their
		Remuneration
	11	Approve Issuance of Shares without		For	For		Mgmt
		Preemptive Rights
	12	Authorize Share Repurchase Program		For	For		Mgmt
08/01/07 - A	Vedanta Resources plc		G9328D100			None		9,042
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 20.0 US		For	For		Mgmt
		Cents Per Ordinary Share
	4	Re-elect Aman Mehta as Director		For	For		Mgmt
	5	Re-elect Euan Macdonald as Director		For	For		Mgmt
	6	Re-elect Naresh Chandra as Director		For	For		Mgmt
	7	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors of the Company
	8	Authorise Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	9	Authorise Issue of Equity with Pre-		For	For		Mgmt
		emptive Rights up to USD 3,275,956
		Pursuant with the USD 725 Million 4.60
		Percent Guaranteed Convertible Bonds
		Due 2026 Issued by Vedanta Finance
		(Jersey) Ltd; Otherwise, up to USD
		9,582,896
	10	Subject to the Passing of Resolution 9,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
Mgmt Rec - Company Management Recommended Vote								Page 24

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Rights up to Aggregate Nominal
		Amount of USD 1,437,578
	11	Authorise 28,751,562 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	12	Authorise the Company to		For	For		Mgmt
		Communicate with Shareholders by
		Making Documents and Information
		Available on a Website
08/02/07 -	Canaccord Capital Inc. *CCI*		134801109			06/11/07		15,500
A/S
	1	Elect Directors Peter M. Brown, Arpad		For	For		Mgmt
		A. Busson, William J. Eeuwes, Michael
		D. Harris, Brian D. Harwood, Timothy
		J.D. Hoare, Terrence A. Lyons, Mark
		G. Maybank, Paul D. Reynolds,
		Michael A. Walker and John B.
		Zaozirny
	2	Approve Ernst & Young LLP as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Remuneration of Auditors
	3	Approve Equity-Based Compensation		For	Against		Mgmt
		Arrangements
08/02/07 - A	Invensys plc		G49133161			None		70,787
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3a	Re-elect Ulf Henriksson as Director		For	For		Mgmt
	3b	Elect Pat Zito as Director		For	For		Mgmt
	4	Reappoint Ernst & Young LLP as		For	For		Mgmt
		Auditors of the Company
	5	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	6	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 26,275,747
	7	Subject to and Conditional upon the		For	For		Mgmt
		Passing of Resolution 6, Authorise
		Issue of Equity or Equity-Linked
		Securities without Pre-emptive Rights
		up to Aggregate Nominal Amount of
		GBP 3,981,173
	8	Approve Invensys Plc 2007 Long Term		For	For		Mgmt
		Incentive Plan
	9	Approve Invensys Plc 2007 CEO		For	For		Mgmt
		Special Award
	10	Authorise the Company to Use		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 25

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Electronic Communications
08/03/07 - A	Vtech Holdings Ltd		G9400S108			07/26/07		92,000
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend		For	For		Mgmt
	3a	Reelect Edwin Ying Lin Kwan as		For	For		Mgmt
		Director
	3b	Reelect Pang King Fai as Director		For	For		Mgmt
	3c	Reelect Raymond Ch'ien Kuo Fung as		For	For		Mgmt
		Director
	3d	Reelect William Fung Kwok Lun as		For	For		Mgmt
		Director
	3e	Approve Remuneration of Directors		For	For		Mgmt
	4	Reappoint KPMG as Auditors and		For	For		Mgmt
		Authorize Board to Fix Their
		Remuneration
	5	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	6	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	7	Authorize Reissuance of Repurchased		For	For		Mgmt
		Shares
08/10/07 - S	China Petroleum & Chemical		Y15010104			07/10/07	3,148,768
	Corp.
	1	Elect Su Shulin as Director		For	For		Mgmt
08/10/07 - S	Korea Gas Corp.		Y48861101			07/10/07		15,780
	1	Elect Lee Hak-Young as Independent		For	For		Mgmt
		Non-Executive Director
08/10/07 - S	Petrochina Company Limited		Y6883Q104			07/11/07		731,587
		Special Resolutions
	1	Approve Allotment and Issuance of A		For	For		Mgmt
		Shares and Terms and Conditions
	2	Authorize Board and its Attorney to		For	For		Mgmt
		Deal with Matters in Relation to the A
		Share Issue and the Listing of A
		Shares
08/10/07 - S	The Royal Bank of Scotland		G76891111			None	1,889,241
	Group plc
	1	Approve Acquisition of the ABN AMRO		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 26

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

08/13/07 - S

08/15/07 -A/S

08/16/07 - S

	Businesses; Authorise Directors to
	Agree with Fortis and Santander and to
	Implement the Offers; Increase in
	Capital to GBP 3,017,622,930.50;
	Issue Equity with Rights up to GBP
	139,035,925 (Offers or Acquisition)
Imperial Tobacco Group plc		G4721W102			None		305,564
1	Approve Acquisition of Altadis, SA by		For	For		Mgmt
	Imperial Tobacco Overseas Holdings
	(3) Limited; Increase Authorised
	Capital from GBP 100M to GBP
	5.604B; Authorise Issue of Equity with
	and without Pre-emptive Rights up to
	GBP 5.504B (Equity Bridge Facility)
Niko Resources Ltd. *NKO*		653905109			06/25/07		2,581
1	Fix Number of Directors at Six		For	For		Mgmt
2	Elect Directors Edward S. Sampson,		For	For		Mgmt
	C.J. (Jim) Cummings, Walter DeBoni,
	William T. Hornaday, Conrad P. Kathol
	and Wendell W. Robinson
3	Approve KPMG LLP as Auditors and		For	For		Mgmt
	Authorize Board to Fix Remuneration
	of Auditors
4	Amend Stock Option Plan		For	Against		Mgmt
ABG Sundal Collier ASA		R00006107			None		44,114
(frmly ASKIA INVEST)
1	Open Meeting; Registration of		For	For		Mgmt
	Attending Shareholders
2	Elect Chairman of Meeting; Designate		For	For		Mgmt
	Inspector or Shareholder
	Representative(s) of Minutes of
	Meeting
3	Approve Notice of Meeting and Agenda		For	For		Mgmt
4	Authorize Repurchase of Issued		For	For		Mgmt
	Shares
5	Approve Creation of Pool of Capital		For	For		Mgmt
	without Preemptive Rights
6	Approve Reduction of Company's		For	For		Mgmt
	Share Premium Fund

Mgmt Rec - Company Management Recommended Vote

Page 27

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
08/17/07 - S	TELENET GROUP HOLDINGS		B89957110			None		13,850
	N.V.
	1	Receive Special Board Report		None			Mgmt
	2	Approve Reduction in Share Capital		For			Mgmt
	3	Approve Change in Number and		For			Mgmt
		Exercise Price of Options
	4	Approve Change in Number and		For			Mgmt
		Exercise Price of Options
	5	Approve Change of Maximum to be		For			Mgmt
		Issued Shares
	6	Approve Change of Capital Increase		For			Mgmt
	7	Approve Change in Number and		For			Mgmt
		Exercise Price of Options
	8	Approve Change in Number and		For			Mgmt
		Exercise Price of Options
	9	Approve Change of Maximum to be		For			Mgmt
		Issued Shares
	10	Approve Change of Capital Increase		For			Mgmt
	11	Amend Articles to Reflect Changes in		For			Mgmt
		Capital
	12	Approve Special Clauses regarding		For			Mgmt
		Facility Agreement in the Event of a
		Change of Control
	13	Authorize Implementation of Approved		For			Mgmt
		Resolutions and Filing of Required
		Documents/Formalities at Trade
		Registry
	14	Authorize Implementation of Approved		For			Mgmt
		Resolutions and Filing of Required
		Documents/Formalities at Trade
		Registry
	15	Approve Resignation and Nomination		For			Mgmt
		of Directors
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
08/21/07 - S	Aluminium of Greece SA		X00944136			None		9,082
		Special Meeting Agenda
	1	Approve Merger by Absorption		For			Mgmt
	2	Approve Merger Agreement and		For			Mgmt
		Related Party Transactions Thereon
	3	Authorize Board to Complete		For			Mgmt
		Formalities Related to Merger
	4	Approve Electronic Information		For			Mgmt
		Transfers
	5	Other Business		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 28

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

Not voted due to shareblocking restriction. The
potential impact on trading/loan share activities
would outweigh the economic value of the vote.

08/23/07 - S	China Construction Bank		Y1397N101			07/30/07		4,879,000
	Corporation
		Special Resolution
	1a	Approve Type of Securities for Issue;		For	For		Mgmt
		Nominal Value; Rights Attached;
		Number of A Shares for Issue; Target
		Subscribers; Issue Method; Pricing
		Method; Proposed Stock Exchange for
		Listing; Use of Proceeds and Plan of
		Distribution of Accumulated Profits
	1b	Authorize Board to Decide on and		For	For		Mgmt
		Implement Specific Schemes of the A
		Share Issue and Listing
	1c	Approve Validity Regarding Issue and		For	For		Mgmt
		Listing
	2	Amend Articles of Association		For	For		Mgmt
	3	Approve Rules of Procedure for the		For	For		Mgmt
		Shareholders' General Meeting
	4	Approve Rules of Procedure for the		For	For		Mgmt
		Board of Directors
	5	Approve Rules of Procedure for the		For	For		Mgmt
		Board of Supervisors
		Ordinary Resolution
	6	Elect Jenny Shipley as Independent		For	For		Mgmt
		Non-Executive Director
	7	Elect Wong Kai-Man as Independent		For	For		Mgmt
		Non-Executive Director
08/23/07 - A	PEACE MARK (HOLDINGS)		G6957A209			08/20/07		190,000
	LIMITED
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of HK$0.062		For	For		Mgmt
		Per Share
	3a	Reelect Mak Siu Wing, Clifford as		For	For		Mgmt
		Director
	3b	Reelect Tang Yat Kan as Director		For	For		Mgmt
	3c	Reelect Wong Yee Sui, Andrew as		For	For		Mgmt
		Director
	3d	Reelect Tsang Kwong Chiu, Kevin as		For	For		Mgmt
		Director
	4	Authorize Board to Fix the		For	For		Mgmt
		Remuneration of Directors
Mgmt Rec - Company Management Recommended Vote								Page 29

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Reappoint Auditors and Authorize		For	For		Mgmt
		Board to Fix Their Remuneration
	6a	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	6b	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
	8	Approve Issuance of Shares Pursuant		For	Against		Mgmt
		to Share Option Scheme
08/24/07 - S	CHINA SHENHUA ENERGY		Y1504C113			07/26/07		191,000
	CO LTD
		Special Resolution
	1a	Approve Type of Securities to be		For	For		Mgmt
		Issued (A Share Issue)
	1b	Approve Nominal Value of A Shares of		For	For		Mgmt
		RMB 1.00 Each
	1c	Approve Listing of A Shares on the		For	For		Mgmt
		Shanghai Stock Exchange
	1d	Approve Issuance of Not More Than		For	For		Mgmt
		1.8 Billion A Shares Upon Approval by
		the CSRC
	1e	Approve Same Entitlement to Rights of		For	For		Mgmt
		A Shares as H Shares
	1f	Approve Plan of Distribution of		For	For		Mgmt
		Distributable Profits of A Shares
	1g	Approve Target Subscribers of A		For	For		Mgmt
		Shares
	1h	Approve Price Determination Method		For	For		Mgmt
		of A Shares
	1i	Approve Use of Proceeds of A Shares		For	For		Mgmt
	1j	Approve Effectivity of A Shares for a		For	For		Mgmt
		Period of 12 Months from the Date of
		Passing of this Resolution
	1k	Authorize Board Deal with Matters		For	For		Mgmt
		Relating to the A Share Issue
	2	Approve Articles Re: Capital Structure		For	For		Mgmt
		and A Share Offering and Listing
		Ordinary Resolution
	3	Approve Rules and Procedures of		For	For		Mgmt
		Meetings of Shareholders
	4	Approve Rules and Procedures of		For	For		Mgmt
		Meetings of the Board of Directors
	5	Approve Rules and Procedures of		For	For		Mgmt
		Meetings of the Supervisory
		Committee
	6	Approve Acquisition by the Company		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 30

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

of 100 Percent Equity Interest in Both
Shenhua Group Shenfu Dongsheng
Coal Company Ltd. and Shenhua
Shendong Power Company Ltd. from
Shenhua Group Corporation Ltd.
Pursuant to the Acquisition Agreement

08/24/07 - A	Stagecoach Group plc		G8403M209			None		127,466
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 2.9 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Elect Garry Watts as Director		For	For		Mgmt
	5	Re-elect Janet Morgan as Director		For	For		Mgmt
	6	Re-elect Ewan Brown as Director		For	For		Mgmt
	7	Re-elect Ann Gloag as Director		For	For		Mgmt
	8	Re-elect Robert Speirs as Director		For	For		Mgmt
	9	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	10	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	11	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 2,317,928
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 347,689
	13	Authorise up to Ten Percent of the		For	For		Mgmt
		Company's Issued Ordinary Share
		Capital for Market Purchase
08/28/07 - S	ArcelorMittal (formerly		N06610104			08/21/07		28,794
	Arcelor Mittal N.V.)
	1	Open Meeting		None			Mgmt
	2	Proposal to Merge Mittal Steel Into		For			Mgmt
		ArcelorMittal as Contemplated by the
		Merger Proposal and the Explanatory
		Memorandum
	3	Allow Questions		None			Mgmt
	4	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
Mgmt Rec - Company Management Recommended Vote								Page 31

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
08/29/07 - A	Tata Steel Ltd (formerly Tata		Y8547N139			06/12/07		114,980
	Iron & Steel Co Ltd)
	1	Accept Financial Statements and		For			Mgmt
		Statutory Reports
	2	Approve Dividend of INR 13 Per Share		For			Mgmt
	3	Reappoint N.N. Wadia as Director		For			Mgmt
	4	Reappoint T. Mukherjee as Director		For			Mgmt
	5	Reappoint A.N. Singh as Director		For			Mgmt
	6	Approve A.F. Ferguson & Co. as		For			Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
	7	Appoint J. Leng as Director		For			Mgmt
	8	Appoint P. Varin as Director		For			Mgmt
	9	Appoint J. Schraven as Director		For			Mgmt
	10	Appoint A. Hayward as Director		For			Mgmt
	11	Approve Revised Remuneration of B.		For			Mgmt
		Muthuraman, Managing Director
	12	Approve Increase in Authorized Share		For			Mgmt
		Capital to INR 80 Billion Divided into
		1.75 Billion Ordinary Shares of INR 10
		Each, 25 Million Redeemable
		Preference Shares of INR 100 Each
		and 600 Million Convertible Preference
		Shares of INR 100 Each
	13	Amend Clause 5 of the Memorandum		For			Mgmt
		of Association to Reflect Increase in
		Authorized Share Capital
	14	Amend Articles of Association Re:		For			Mgmt
		Increase in Authorized Share Capital
		and Terms of Issue of Convertible
		Preference Shares
	15	Approve Issuance of Equity or Equity-		For			Mgmt
		Linked Securities without Preemptive
		Rights up to $500 Million
	16	Approve Keeping of Register of		For			Mgmt
		Members, Documents and Certificates
		to TSR Darashaw Ltd, Registrars and
		Share Transfer Agents
	17	Approve Deloitte & Touche as Branch		For			Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.

Mgmt Rec - Company Management Recommended Vote

Page 32

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
08/30/07 - A	B&B Tools AB (Formerly		W14696111			08/24/07		3,799
	BERGMAN & BEVING)
	1	Open Meeting		None	None		Mgmt
	2	Elect Tom Hedelius as Chairman of		For	For		Mgmt
		Meeting
	3	Prepare and Approve List of		For	For		Mgmt
		Shareholders
	4	Approve Agenda of Meeting		For	For		Mgmt
	5	Designate Inspector or Shareholder		For	For		Mgmt
		Representative(s) of Minutes of
		Meeting
	6	Acknowledge Proper Convening of		For	For		Mgmt
		Meeting
	7a	Receive Report by Auditor		None	None		Mgmt
	7b	Receive Report by Chairman of the		None	None		Mgmt
		Board
	8	Receive President's Report		None	None		Mgmt
	9a	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	9b	Approve Allocation of Income and		For	For		Mgmt
		Dividends of SEK 4 per Share
	9c	Approve Discharge of Board and		For	For		Mgmt
		President
	10	Determine Number of Members (5) and		For	For		Mgmt
		Deputy Members (0) of Board
	11	Approve Remuneration of Directors in		For	For		Mgmt
		the Aggregate Amount of SEK 1.25
		Million; Approve Remuneration of
		Auditors
	12	Reelect Per Axelsson, Anders		For	Against		Mgmt
		Boerjesson, Tom Hedelius, Anita
		Pineus, and Stefan Wigren as
		Directors; Elect Tom Hedelius as
		Chairman of Board
	13	Reelect KPMG Bohlins AB as Auditors		For	For		Mgmt
	14	Authorize Chairman of Board and		For	For		Mgmt
		Representatives of Four of Company's
		Largest Shareholders to Serve on
		Nominating Committee
	15	Authorize Repurchase of Up to Ten		For	For		Mgmt
		Percent of Issued Share Capital and
		Reissuance of Repurchased Shares
	16	Approve Stock Option Plan for Key		For	For		Mgmt
		Employees; Approve Reissuance of
		90,000 Shares to Guarantee
		Conversion Rights
	17	Approve Remuneration Policy And		For	For		Mgmt
		Other Terms of Employment For
		Executive Management
	18	Other Business (Non-Voting)		None	None		Mgmt
	19	Close Meeting		None	None		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 33

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
08/30/07 - S	Companhia Vale Do Rio Doce		P2605D109			None		128,740
		Preferred A shareholders have
		voting rights for items 1-4 in the
		agenda.
	1	Amend Articles Re: General Matters		For	For		Mgmt
	2	Approve 2:1 Stock Split and Amend		For	For		Mgmt
		Articles 5 and 6 Accordingly
	3	Consolidate Articles		For	For		Mgmt
	4	Approve Acquisition of Controlling		For	For		Mgmt
		Interest in AMCI Holding Australia
	5	Elect One Director		For	For		Mgmt
08/30/07 - S	Draka Holding N.V.		N2771R199			08/23/07		5,961
	1	Open Meeting		None			Mgmt
	2	Elect Mr. S.D. Lyons to Management		For			Mgmt
		Board
	3	Allow Questions		None			Mgmt
	4	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
08/30/07 - S	Korea Electric Power Corp.		Y48406105			07/05/07		22,550
	1	Elect Two Inside Directors		For	For		Mgmt
	2	Amend Articles of Incorporation		For	For		Mgmt
08/31/07 - S	REDECARD SA		P79941103			None		32,511
	1	Accept Resignation of Current		For	For		Mgmt
		Chairman and Elect New Director
	2	Elect New Independent Director		For	For		Mgmt
	3	Designate New Chairman		For	For		Mgmt
09/03/07 - S	Aluminium of Greece SA		X00944136			None		9,082
		First Repeated Meeting
	1	Approve Merger by Absorption		For			Mgmt
	2	Approve Merger Agreement and		For			Mgmt
		Related Party Transactions Thereon
	3	Authorize Board to Complete		For			Mgmt
		Formalities Related to Merger
	4	Other Business		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
Mgmt Rec - Company Management Recommended Vote								Page 34

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		would outweigh the economic value of the vote.
09/03/07 - A	Lee & Man Paper		G5427W106			None		240,000
	Manufacturing Ltd.
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2a	Approve Final Dividend		For	For		Mgmt
	2b	Reelect Lee Wan Keung Patrick as		For	For		Mgmt
		Executive Director
	2c	Reelect Wong Kai Tung Tony as		For	For		Mgmt
		Independent Non-Executive Director
	2d	Reelect Heng Kwoo Seng as		For	For		Mgmt
		Independent Non-Executive Director
	2e	Authorize Board to Renew Directors'		For	For		Mgmt
		Service Contracts for Each of Lee Wan
		Keung Patrick, Lee Man Chun
		Raymond and Lee Man Bun and to Fix
		All of the Directors Remuneration
	2f	Reappoint Deloitte Touche Tohmatsu		For	For		Mgmt
		as Auditors and Authorize Board to Fix
		Their Remuneration
	3a	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	3b	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	3c	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
09/04/07 - A	Check Point Software		M22465104			07/27/07		45,329
	Technologies Ltd. *CHKP*
		Meeting for Holders of ADRs
	1	ELECTION OF DIRECTORS: GIL		For	For		Mgmt
		SHWED, MARIUS NACHT, JERRY
		UNGERMAN, DAN PROPPER, DAVID
		RUBNER, TAL SHAVIT.
	2	TO RATIFY THE APPOINTMENT AND		For	For		Mgmt
		COMPENSATION OF CHECK POINT
		S INDEPENDENT PUBLIC
		ACCOUNTANTS.
	3	TO APPROVE COMPENSATION TO		For	Against		Mgmt
		CERTAIN CHECK POINT EXECUTIVE
		OFFICERS WHO ARE ALSO BOARD
		MEMBERS.
	4	PLEASE INDICATE WHETHER OR		None	Abstain		Mgmt
		NOT YOU HAVE A PERSONAL
		INTEREST IN PROPOSAL 3. MARK
		FOR IF YES OR AGAINST IF NO.
Mgmt Rec - Company Management Recommended Vote								Page 35

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
09/05/07 - S	Industrias CH, S.A.B. de C.V.		P52413138			None		139,080
	1	Elect Directors		For	For		Mgmt
	2	Designate Inspector or Shareholder		For	For		Mgmt
		Representative(s) of Minutes of
		Meeting
09/05/07 - S	PT Bank Rakyat Indonesia		Y0697U104			08/20/07	1,094,500
	(Persero) Tbk
	1	Approve Acquisition of PT Bank Jasa		For	Against		Mgmt
		Arta
	2	Approve Spin-Off Agreement		For	Against		Mgmt
	3	Elect Directors and Commissioners		For	For		Mgmt
09/06/07 - S	Golden Agri-Resources Ltd		V39076100			None		888,250
	1	Approve Subdivision of Every One		For	For		Mgmt
		Ordinary Share of Par Value $0.10
		Each into Two Ordinary Shares of Par
		Value $0.05 Each
09/07/07 - A	China Grand Forestry		G210A0106			09/03/07	1,552,000
	Resources Grp Ltd. (formerly
	GOOD FELLO
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for the Period from
		July 1, 2006 to March 31, 2007
	2	Reelect Ng Leung Ho, Cao Chuan and		For	Against		Mgmt
		Lee Ming Hin as Executive Directors
		and Zhu Jian Hong as Independent
		Non-Executive Director and Authorize
		Board to Fix Their Remuneration
	3	Reappoint Auditors and Authorize		For	For		Mgmt
		Board to Fix Their Remuneration
	4	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	5	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	6	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
	7	Approve Issuance of Shares Pursuant		For	Against		Mgmt
		to Share Option Scheme

Mgmt Rec - Company Management Recommended Vote

Page 36

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
09/11/07 -	Major Drilling Group		560909103			07/20/07		2,200
A/S	International Inc *MDI*
	1	Elect Directors		For	For		Mgmt
	2	Approve Deloitte & Touche as Auditors		For	For		Mgmt
		and Authorize Board to Fix
		Remuneration of Auditors
	3	Amend Stock Option Plan		For	For		Mgmt
	4	Approve Shareholder Rights Plan		For	For		Mgmt
09/12/07 - S	Sydbank A/S		K9419V113			08/21/07		17,750
	1	Approve DKK 25 Million Reduction in		For	For		Mgmt
		Share Capital via Share Cancellation
	2a	Amend Articles Re: Add Sydleasing		For	For		Mgmt
		A/S as Secondary Name
	2b	Amend Articles Re: Delete Current		For	For		Mgmt
		Article 5 Regarding Subordinated
		Capital Following Amended Legislation
	2c	Amend Articles Re: Clarify that EGM		For	For		Mgmt
		May Be Called by AGM Elected Auditor
	2d	Amend Articles Re: Stipulate that		For	For		Mgmt
		Election of Members of Committee of
		Representatives Be Held by Region
		and that Eligibility Depends on Age on
		Date of General Meeting
09/13/07 - S	PTT AROMATICS &		Y0204W130			08/24/07		372,500
	REFINING PCL
	1	Approve Minutes of Previous AGM		For	For		Mgmt
	2	Approve Merger with Rayong Refinery		For	For		Mgmt
		Public Company Limited (Aromatics
		and Rayong Merger)
	3	Approve Transfer of Promotion		For	For		Mgmt
		Certificates to the New Company as a
		Result of the Aromatics and Rayong
		Merger
	4	Other Business		For	Against		Mgmt
09/14/07 - S	LG Petrochemical Co.		Y5276X106			08/06/07		39,750
	1	Approve Merger Agreement with LG		For	For		Mgmt
		Chem
09/17/07 - S	Hopewell Holdings Ltd.		Y37129148			None	1,200,000
	1	Approve Disposal by Hopewell		For	For		Mgmt
		Guangzhou Ring Road Ltd. of its Entire
		Interest in Guangzhou E-S-W Ring
		Road Co., Ltd. to Guangzhou City
Mgmt Rec - Company Management Recommended Vote								Page 37

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Tongda Highway Co., Ltd.
	2a	Reelect William Wing Lam Wong as		For	For		Mgmt
		Director
	2b	Reelect Yuk Keung IP as Director		For	For		Mgmt
09/20/07 - S	ABN AMRO Holding N.V.		N0030P459			08/30/07		214,034
		Informative Meeting - No Votes
		Required
	1	Open Meeting and Receive		None			Mgmt
		Announcements
	2	Receive Management and Supervisory		None			Mgmt
		Board's Assessment of Recent
		Corporate Developments and Strategic
		Options
	3	Overview of the Consortium's Public		None			Mgmt
		Offer on all Outstanding Shares of ABN
		AMRO
	4	Overview of Barclays' Public Offer on		None			Mgmt
		all Outstanding Shares of Barclays
	5	Receive Opinion of the Management		None			Mgmt
		and Supervisory Board on the Offers of
		the Consortium and Barclays
	6	Other Business (Non-Voting)		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
09/21/07 - S	Turkcell Iletisim Hizmetleri		M8903B102			None		176,527
	AS
		Special Meeting
	1	Elect Presiding Council of Meeting		For			Mgmt
	2	Authorize Presiding Council to Sign		For			Mgmt
		Minutes of Meeting
	3	Amend Articles Re: Corporate Purpose		For			Mgmt
	4	Fix Remuneration and Attendance		For			Mgmt
		Fees for Management Members
	5	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
09/26/07 - A	Consort Medical plc		G10639105			None		5,307
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 12.1 Pence		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 38

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Per Ordinary Share
	3	Re-elect John Robinson as Director		For	For		Mgmt
	4	Re-elect Mark Throdahl as Director		For	For		Mgmt
	5	Re-elect Jim Dick as Director		For	For		Mgmt
	6	Elect George Kennedy as Director		For	For		Mgmt
	7	Approve Remuneration Report		For	For		Mgmt
	8	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors and Authorise the
		Board to Determine Their
		Remuneration
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 949,191
	10	Subject to the Passing of Resolution 9,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 142,521
	11	Authorise 2,850,425 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	12	Amend Articles of Association Re:		For	For		Mgmt
		Indemnity of Directors
	13	Authorise the Company to Use		For	For		Mgmt
		Electronic Communications
	14	Amend Articles of Association Re:		For	For		Mgmt
		Electronic Communications
	15	Change Company Name to Consort		For	For		Mgmt
		Medical Plc
09/26/07 - A	Micro Focus International plc G6117L103					None		50,954
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 7 Cents Per		For	For		Mgmt
		Ordinary Share
	3	Approve Remuneration Report		For	For		Mgmt
	4	Re-elect David Maloney as Director		For	For		Mgmt
	5	Re-elect David Dominik as Director		For	For		Mgmt
	6	Elect Paul Pester as Director		For	For		Mgmt
	7	Elect Mike Shinya as Director		For	For		Mgmt
	8	Elect Tom Skelton as Director		For	For		Mgmt
	9	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	10	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	11	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 6,672,514
	12	Subject to the Passing of Resolution		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 39

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		11, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 1,000,877
	13	Authorise 20,017,543 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	14	Authorise the Company to Use		For	For		Mgmt
		Electronic Communications; Adopt
		New Articles of Association
09/27/07 - A	Miyachi Corp (formerly		J4563F107			06/30/07		5,400
	Miyachi Technos Co.) *6885*
	1	Approve Allocation of Income,		For	For		Mgmt
		Including the Following Dividends:
		Interim JY 12.5, Final JY 12.5, Special
		JY 5
	2	Amend Articles To: Authorize Board to		For	Against		Mgmt
		Determine Income Allocation -
		Increase Authorized Capital
	3	Elect Directors		For	For		Mgmt
	4	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors
	5	Approve Stock Option Plan for		For	For		Mgmt
		Directors
	6	Approve Executive Stock Option Plan		For	For		Mgmt
09/28/07 - A	GOLDEN OCEAN GROUP		G4032A104			08/15/07		105,468
	LIMITED
	1	Re-elect John Fredriksen as Director		For			Mgmt
	2	Re-elect Tor Olav Troim as Director		For			Mgmt
	3	Re-elect Kate Blankenship as Director		For			Mgmt
	4	Re-elect Hans Christian Borresen as		For			Mgmt
		Director
	5	Approve Moore Stephens as Auditors		For			Mgmt
		and Authorize Board to Fix Their
		Remuneration
	6	Amend Bylaws		For			Mgmt
	7	Approve Remuneration of Directors		For			Mgmt
	8	Transact Other Business (Voting)		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
09/29/07 - A	Malayan Banking Berhad		Y54671105			None		265,700
		Ordinary Business
Mgmt Rec - Company Management Recommended Vote								Page 40

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for the Financial
		Year Ended June 30, 2007
	2	Approve Final Dividend of MYR 0.40		For	For		Mgmt
		Per Share Less 27 Percent Income
		Tax for the Financial Year Ended June
		30, 2007
	3	Elect Mohamed Basir bin Ahmad as		For	For		Mgmt
		Director
	4	Elect Abdul Rahman bin Mohd Ramli		For	For		Mgmt
		as Director
	5	Elect Zainun Aishah binti Ahmad as		For	For		Mgmt
		Director
	6	Elect Haji Mohd Hashir bin Haji		For	For		Mgmt
		Abdullah as Director
	7	Elect Teh Soon Poh as Director		For	For		Mgmt
	8	Approve Remuneration of Directors in		For	For		Mgmt
		the Amount of MYR 1.23 Million for the
		Financial Year Ended June 30, 2007
	9	Approve Ernst & Young as Auditors		For	For		Mgmt
		and Authorize Board to Fix Their
		Remuneration For the Year Ended
		June 30, 2008
	10	Approve Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights in Any Amount up to 10 Percent
		of Issued Share Capital
		Special Business
	1	Amend Articles of Association as Set		For	For		Mgmt
		Out in Appendix 1 Attached to the
		Annual Report 2007
10/03/07 - S	CITIC Pacific Ltd		Y1639J116			None		219,000
	1	Approve Proposed Spin-off of Dah		For	For		Mgmt
		Chong Hong Holdings Ltd. (DCH
		Hldgs.) and Separate Listing of the
		Shares of DCH Hldgs. on the Main
		Board of The Stock Exchange of Hong
		Kong Ltd.
	2	Approve Pre-IPO Share Option		For	Against		Mgmt
		Scheme and Post-IPO Share Option
		Scheme of DCH Hldgs.
10/03/07 - S	Grupo Financiero Banorte		P49501201			None		184,400
	S.A.B. de C.V.
	1	Approve Dividends of MXN 0.45 Per		For	For		Mgmt
		Share
	2	Accept Auditor's Report on the		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 41

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Company's Tax Situation
	3	Designate Inspector or Shareholder		For	For		Mgmt
		Representative(s) of Minutes of
		Meeting
	4	Approve Minutes of Meeting		For	For		Mgmt
10/03/07 - S	Grupo Financiero Banorte		P49501201			None		184,400
	S.A.B. de C.V.
	1	Amend Article 2 of the Company's By-		For	For		Mgmt
		Laws
	2	Designate Inspector or Shareholder		For	For		Mgmt
		Representative(s) of Minutes of
		Meeting
	3	Approve Minutes of Meeting		For	For		Mgmt
10/04/07 - S	Cosco International Holdings G8114Z101					None		524,000
	(frmrl. Shun Shing Holdings)
	1	Approve Disposal by Top Elegant		For	For		Mgmt
		Investments Ltd. of the Entire Issued
		Share Capital of Success Gate
		Investments Ltd. and Shareholder's
		Loan to Long Sen Investments (Hong
		Kong) Ltd. for a Total Consideration of
		RMB 55.7 Million
10/04/07 - S	Daimler AG		D1668R123			None		270,964
		Management Proposals
	1	Change Company Name to Daimler		For			Mgmt
		AG
		Shareholder Proposals Submitted
		by Ekkehard Wenger and Leonhard
		Knoll
	2	Amend Articles Re: Change Name of		Against			ShrHoldr
		Company to Daimler-Benz AG
	3	Authorize Special Audit of Costs in		Against			ShrHoldr
		Connection with Change of Company
		Name; Appoint Nicola Monissen as
		Special Auditor
	4	Withdraw Confidence in Supervisory		Against			ShrHoldr
		Board Member Erich Klemm
	5	Amend Articles Re: Location of		Against			ShrHoldr
		General Meetings
	6	Establish Mandatory Retirement Age		Against			ShrHoldr
		for Directors
	7	Amend Articles Re: Outside Boards of		Against			ShrHoldr
		Supervisory Board Members
	8	Amend Articles Re: Shareholder Right		Against			ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 42

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		to Speak at General Meetings
	9	Amend Articles Re: Separate Counting		Against			ShrHoldr
		of Proxy Votes at General Meetings
	10	Amend Articles Re: Written Protocol for		Against			ShrHoldr
		General Meetings
	11a	Instruct Management Board to Prepare		Against			ShrHoldr
		Shareholder Vote on Conversion of
		Corporate Structure to European
		Company (Societas Europaea) at 2008
		AGM
	11b	Authorize Management Board to Enter		Against			ShrHoldr
		Negotiations with Employee
		Representatives to Reduce Size of
		Supervisory Board to 12 Members
	12	Authorize Special Audit of Conversion		Against			ShrHoldr
		Ratio for Merger Between Daimler-
		Benz AG and Chrysler Corporation;
		Appoint Nicola Monissen as Special
		Auditor
	13	Authorize Special Audit of Spring 2003		Against			ShrHoldr
		Stock Option Grants; Appoint Nicola
		Monissen as Special Auditor
	14	Authorize Special Audit of Statements		Against			ShrHoldr
		Made by Former CEO Juergen
		Schrempp in Connection with US Class
		Action Lawsuit; Appoint Nicola
		Monissen as Special Auditor
	15	Authorize Special Audit Re: Knowledge		Against			ShrHoldr
		of Management and Supervisory
		Boards Re: US Secutities and
		Exchange Commission and
		Department of Justice Investigations;
		Appoint Nicola Monissen as Special
		Auditor
	16	Authorize Special Audit Re: Alleged		Against			ShrHoldr
		Connections Between Management
		and Supervisory Boards and Prison
		Sentence of Gerhard Schweinle;
		Appoint Nicola Monissen as Special
		Auditor
	17	Authorize Special Audit Re:		Against			ShrHoldr
		Supervisory Board Monitoring of
		Former CEO Juergen Schrempp;
		Appoint Nicola Monissen as Special
		Auditor
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.

Mgmt Rec - Company Management Recommended Vote

Page 43

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
10/04/07 - A	Hopewell Holdings Ltd.		Y37129148			09/27/07	1,200,000
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2a	Approve Final Dividend of HK$0.82 Per		For	For		Mgmt
		Share
	2b	Approve Special Dividend of HK$0.35		For	For		Mgmt
		Per Share
	3a	Reelect Gordon Ying Sheung Wu as		For	For		Mgmt
		Director
	3b	Reelect Thomas Jefferson Wu as		For	For		Mgmt
		Director
	3c	Reelect Henry Hin Moh Lee as Director		For	For		Mgmt
	3d	Reelect Robert Van Jin Nien as		For	For		Mgmt
		Director
	3e	Reelect Carmelo Ka Sze Lee as		For	For		Mgmt
		Director
	3f	Reelect Lee Yick Nam as Director		For	For		Mgmt
	3g	Fix Directors' Fees		For	For		Mgmt
	4	Reappoint Deloitte Touche Tohmatsu		For	For		Mgmt
		as Auditors and Authorize Board to Fix
		Their Remuneration
	5a	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	5b	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	5c	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
10/04/07 - C	Reckitt Benckiser Group plc		G7420A107			None		283,603
		Court Meeting
	1	Approve Scheme of Arrangement		For	For		Mgmt
		Proposed to be Made Between the
		Company and the Scheme Ordinary
		Shareholders
10/04/07 - S	Reckitt Benckiser Group plc		G7420A107			None		283,603
	1	Auth. Directors to Carry the Scheme of		For	For		Mgmt
		Arrangement into Effect; Approve
		Reduction and Subsequent Increase in
		Cap.; Capitalise Reserves; Issue
		Equity with Rights; Amend Art. of
		Association; Approve Proposed
		Reduction of Cap. of Reckitt Benckiser
		Group Plc
	2	Approve Cancellation and Repayment		For	For		Mgmt
		of the Five Percent Cumulative
		Preference Shares
Mgmt Rec - Company Management Recommended Vote								Page 44

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Approve Cancellation of Share		For	For		Mgmt
		Premium Account
	4	Approve Cancellation of the Capital		For	For		Mgmt
		Redemption Reserve
	5	Subject to and Conditional Upon the		For	For		Mgmt
		Approval of Resolution 1, Approve
		Reckitt Benckiser Group 2007 Senior
		Executive Share Ownership Policy
		Plan
	6	Subject to and Conditional Upon the		For	For		Mgmt
		Approval of Resolution 1, Approve
		Reckitt Benckiser Group 2007 Savings
		Related Share Option Plan
	7	Subject to and Conditional Upon the		For	For		Mgmt
		Approval of Resolution 1, Approve
		Reckitt Benckiser Group 2007 Global
		Stock Profit Plan
	8	Subject to and Conditional Upon the		For	For		Mgmt
		Approval of Resolution 1, Approve
		Reckitt Benckiser Group 2007 US
		Savings-Related Share Option Plan
	9	Subject to and Conditional Upon the		For	Against		Mgmt
		Approval of Resolution 1, Approve
		Reckitt Benckiser Group 2007 Long
		Term Incentive Plan
10/04/07 - S	Turkiye Garanti Bankasi		M4752S106			None		279,241
		Special Meeting Agenda
	1	Open Meeting and Elect Presiding		For			Mgmt
		Council
	2	Authorize Presiding Council to Sign		For			Mgmt
		Minutes of Meeting
	3	Amend Company Bylaws		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
10/05/07 - S	Severfield-Rowen plc		G80568101			None		6,270
	1	Approve Acquisition of Action		For	For		Mgmt
		Merchants Limited
	2	Approve Acquisition of Dalton Airfield		For	For		Mgmt
		Estate Limited
	3	Approve Severfield-Rowen Plc		For	For		Mgmt
		Performance Share Plan
	4	Approve Sub-Division of Each Ordinary		For	For		Mgmt
		Share of 10 Pence Each in the Capital
		of the Company (Whether Issued or
Mgmt Rec - Company Management Recommended Vote								Page 45

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

Unissued) Into 4 Ordinary Shares of
2.5 Pence Each

10/08/07 - A	IG Group Holdings plc		G4753Q106			None		67,210
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Re-elect Timothy Howkins as Director		For	For		Mgmt
	3	Re-elect Peter Hetherington as		For	For		Mgmt
		Director
	4	Re-elect Andrew MacKay as Director		For	For		Mgmt
	5	Re-elect Robert Lucas as Director		For	Against		Mgmt
	6	Elect Steve Clutton as Director		For	For		Mgmt
	7	Approve Final Dividend of 6.5 Pence		For	For		Mgmt
		Per Share
	8	Reappoint Ernst & Young as Auditors		For	For		Mgmt
		of the Company
	9	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	10	Approve Remuneration Report		For	For		Mgmt
	11	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 5,458
	12	Authorise 32,750,095 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 818
	14	Authorise the Company to Use		For	For		Mgmt
		Electronic Communications; Amend
		Articles of Association Re: Electronic
		Communications
	15	Amend Articles of Association		For	For		Mgmt
10/08/07 - S	SUNTEC REAL ESTATE		Y82954101			None		998,258
	INVESTMENT TRUST
	1	Approve Acquisition of a One-Third		For	For		Mgmt
		Interest in One Raffles Quay Through
		the Acquisition of the Entire Issued
		Share Capital of Comina Investment
		Ltd. from Cavell Ltd.
	2	Approve Issuance of Convertible		For	For		Mgmt
		Bonds with an Aggregate Principal
		Amount of Up to SGD 450 Million
	3	Approve Issuance of Consideration		For	For		Mgmt
		Units to Cavell Ltd. as Partial
		Consideration for the Acquisition
Mgmt Rec - Company Management Recommended Vote								Page 46

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Approve Issuance of Shares without		For	For		Mgmt
		Preemptive Rights
	5	Approve Supplement to the Trust Deed		For	For		Mgmt
		in Connection with the Valuation of
		Real Estate
10/11/07 - S	Keppel Land Ltd.		V87778102			None		978,000
	1	Approve Sale by Boulevard		For	For		Mgmt
		Development Pte. Ltd. of Its One-Third
		Interest in One Raffles Quay and the
		Acquisition Pursuant to the Placement
		of New Units by K-REIT Asia Under a
		Proposed Equity Fund Raising
		Exercise

10/12/07 - S	ALUMINUM CORPORATION	Y0094N109	09/11/07	69,000
	OF CHINA LTD
	Special Business

	1	Approve Merger Agreement Between		For	For		Mgmt
		the Company and Baotou Aluminum
	2	Amend Articles Re: Share Capital		For	For		Mgmt
		Structure
	3	Amend Articles of Association		For	For		Mgmt
		Ordinary Business
	4	Approve Whitewash Waiver		For	For		Mgmt
	5	Authorize Board to Implement Merger		For	For		Mgmt
		Proposal and Matters Contemplated
		Thereunder
	6	Approve Revised Annual Caps for the		For	For		Mgmt
		Mutual Supply Agreement
	7	Approve Interim Dividend of RMB		For	For		Mgmt
		0.137 Per Share
	8	Approve Special Dividend of RMB		For	For		Mgmt
		0.013 Per Share
10/12/07 - S	ALUMINUM CORPORATION		Y0094N109			09/11/07		189,000
	OF CHINA LTD
		Meeting for Holders of H Shares
		Special Business
	1	Approve Merger Agreement Between		For	For		Mgmt
		the Company and Baotou Aluminum
		Ordinary Business
	2	Approve Whitewash Waiver		For	For		Mgmt

Mgmt Rec - Company Management Recommended Vote

Page 47

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
10/12/07 - S	MMC Norilsk Nickel		46626D108			08/09/07		6,524
		Meeting for ADR Holders
		Shareholder Proposals
	1	Shareholder Proposal: Approve Early		None	Against		ShrHoldr
		Termination of Powers of Directors
		Shareholder Proposal: Elect Nine
		Directors by Cumulative Voting
	2.1	Shareholder Proposal: Elect Andrei		None	Against		ShrHoldr
		Bugrov as Director
	2.2	Shareholder Proposal: Elect Elena		None	Against		ShrHoldr
		Bulavskaya as Director
	2.3	Shareholder Proposal: Elect Vladimir		None	For		ShrHoldr
		Dolgikh as Director
	2.4	Shareholder Proposal: Elect Andrey		None	Against		ShrHoldr
		Klishas as Director
	2.5	Shareholder Proposal: Elect Ralph		None	Against		ShrHoldr
		Morgan as Director
	2.6	Shareholder Proposal: Elect Denis		None	Against		ShrHoldr
		Morozov as Director
	2.7	Shareholder Proposal: Elect Kirill		None	Against		ShrHoldr
		Parinov as Director
	2.8	Shareholder Proposal: Elect Mikhail		None	Against		ShrHoldr
		Prokhorov as Director
	2.9	Shareholder Proposal: Elect Dmitry		None	Against		ShrHoldr
		Razumov as Director
	2.10	Shareholder Proposal: Elect Ekaterina		None	Against		ShrHoldr
		Salnikova as Director
	2.11	Shareholder Proposal: Elect Michael		None	Against		ShrHoldr
		Sosnovski as Director
	2.12	Shareholder Proposal: Elect Sergey		None	Against		ShrHoldr
		Stefanovich as Director
	2.13	Shareholder Proposal: Elect Kirill		None	For		ShrHoldr
		Ugolnikov as Director
	2.14	Shareholder Proposal: Elect Heinz		None	For		ShrHoldr
		Schimmelbusch as Director
	2.15	Shareholder Proposal: Elect Guy de		None	For		ShrHoldr
		Selliers as Director
		Ordinary Business
	3	Approve Early Termination of Powers		For	For		Mgmt
		of Audit Commission
	4	Elect Members of the Audit		For	For		Mgmt
		Commission: Marina Vdovina, Vadim
		Meshcheryakov, Nikolay Morozov,
		Olga Rompel, and Olessya Firsyk
	5	Approve Revised Edition of		For	For		Mgmt
		Regulations on General Meetings
	6	Approve Membership in National		For	For		Mgmt
		Association of Nickel and Precious
		Metals Producers
Mgmt Rec - Company Management Recommended Vote								Page 48

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
10/12/07 - A	Worleyparsons Ltd (frmly		Q9857K102			10/10/07		170,048
	WORLEY GROUP LTD)
	*WOR*
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports For the Fiscal Year
		Ended June 30, 2007
	2a	Elect Grahame Campbell as Director		For	For		Mgmt
	2b	Elect John Green as Director		For	For		Mgmt
	2c	Elect Catherine Livingstone as Director		For	For		Mgmt
	3	Approve Remuneration Report For the		For	For		Mgmt
		Fiscal Year Ended June 30, 2007
	4	Approve the Grant of up to 73,528		For	For		Mgmt
		Performance Rights to John Grill,
		David Housego, William Hall, and Larry
		Benke, Executive Directors, Pursuant
		to the Performance Rights Plan
	5	Approve Increase in Remuneration for		For	For		Mgmt
		Non-Executive Directors from
		A$925,000 to A$ 1.75 Million Per
		Annum
	6	Approve Renewal of Partial Takeover		For	For		Mgmt
		Provision
10/15/07 - S	Coca-Cola Hellenic Bottling		X1435J105			None		88,015
	Co.
		Special Meeting Agenda
	1	Authorize Capitalization of Reserves		For			Mgmt
		for Bonus Issue
	2	Amend Company Bylaws		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
10/19/07 - A	Macquarie Infrastructure		Q5701N102			10/17/07	3,053,498
	Group (Infrastructure Trust
	Of Austral *MIG*
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for the Financial
		Year Ended June 30, 2007
	2	Approve PricewaterhouseCoopers LLP		For	For		Mgmt
		as Auditors and Authorize Board to Fix
		Their Remuneration
	3	Elect Jeffrey Conyers as Director		For	For		Mgmt
	4	Adopt New Set of Bye-Laws		For	For		Mgmt

Mgmt Rec - Company Management Recommended Vote

Page 49

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
10/22/07 - S	China Merchants Bank Co Ltd		Y14896115			09/21/07		570,500
		Special Business
	1	Amend Articles of Association		For	For		Mgmt
	2	Approve H-Share Appreciation Rights		For	For		Mgmt
		Scheme for the Senior Management
		Ordinary Business
	1	Approve Connected Transaction with a		For	For		Mgmt
		Related Party and Revised Annual Cap
	2	Elect Yi Xiqun as Independent Non-		For	For		Mgmt
		Executive Director
	3	Approve Board Authorization for		For	For		Mgmt
		External Investment Projects Involving
		an Investment Amount not Exceeding
		10 Percent of the Net Asset Value
		Based on the Company's Latest
		Published Audited Accounts
10/23/07 - S	Banco do Brasil S.A.		P11427112			None		130,500
	1	Allow Series C Subscription Warrants		For	For		Mgmt
		to be Exercised Starting in November
		2007.
	2	Amend Article 33-B Re: Creation of		For	For		Mgmt
		Ombudsperson Position in Compliance
		with National Regulations
10/25/07 - A	ARDEPRO CO. LTD. *8925*		J01955103			07/31/07		163
	1	Approve Allocation of Income,		For	For		Mgmt
		Including the Following Dividends:
		Interim JY 280, Final JY 280, Special
		JY 0
	2	Amend Articles To: Expand Business		For	Against		Mgmt
		Lines - Increase Authorized Capital
	3	Elect Directors		For	Split		Mgmt
	3.1	Elect Director --- Against
	3.2	Elect Director --- For
	3.3	Elect Director --- For
	3.4	Elect Director --- For
	3.5	Elect Director --- For
	3.6	Elect Director --- For
	3.7	Elect Director --- For
	4	Appoint Internal Statutory Auditor		For	For		Mgmt
	5	Approve Payment of Annual Bonuses		For	Against		Mgmt
		to Directors
10/25/07 - A	BHP Billiton plc		G10877101			None		883,396
	1	Accept Financial Statements and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 50

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statutory Reports for BHP Billiton Plc
	2	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for BHP Billiton
		Limited
	3	Re-elect David Crawford as Director of		For	For		Mgmt
		BHP Billiton Plc
	4	Re-elect David Crawford as Director of		For	For		Mgmt
		BHP Billiton Limited
	5	Re-elect Don Argus as Director of BHP		For	For		Mgmt
		Billiton Plc
	6	Re-elect Don Argus as Director of BHP		For	For		Mgmt
		Billiton Limited
	7	Re-elect Carlos Cordeiro as Director of		For	For		Mgmt
		BHP Billiton Plc
	8	Re-elect Carlos Cordeiro as Director of		For	For		Mgmt
		BHP Billiton Limited
	9	Re-elect Gail de Planque as Director of		For	For		Mgmt
		BHP Billiton Plc
	10	Re-elect Gail de Planque as Director of		For	For		Mgmt
		BHP Billiton Limited
	11	Re-elect David Jenkins as Director of		For	For		Mgmt
		BHP Billiton Plc
	12	Re-elect David Jenkins as Director of		For	For		Mgmt
		BHP Billiton Limited
	13	Reappoint KPMG Audit Plc as Auditors		For	For		Mgmt
		of BHP Billiton Plc and Authorise the
		Board to Determine Their
		Remuneration
	14	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 278,081,499
	15	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 58,200,632
	16	Authorise 232,802,528 BHP Billiton Plc		For	For		Mgmt
		Ordinary Shares for Market Purchase
	17i	Approve Reduction of Share Capital of		For	For		Mgmt
		BHP Billiton Plc by the Cancellation of
		All the Issued Paid Up Shares of USD
		0.50 Nominal Value Each Held by BHP
		Billiton Limited on 31 December 2007
	ii	Approve Reduction of Share Capital of		For	For		Mgmt
		BHP Billiton Plc by the Cancellation of
		All the Issued Paid Up Shares of USD
		0.50 Nominal Value Each Held by BHP
		Billiton Limited on 15 February 2008
	iii	Approve Reduction of Share Capital of		For	For		Mgmt
		BHP Billiton Plc by the Cancellation of
		All the Issued Paid Up Shares of USD
Mgmt Rec - Company Management Recommended Vote								Page 51

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		0.50 Nominal Value Each Held by BHP
		Billiton Limited on 30 April 2008
	iv	Approve Reduction of Share Capital of		For	For		Mgmt
		BHP Billiton Plc by the Cancellation of
		All the Issued Paid Up Shares of USD
		0.50 Nominal Value Each Held by BHP
		Billiton Limited on 31 May 2008
	v	Approve Reduction of Share Capital of		For	For		Mgmt
		BHP Billiton Plc by the Cancellation of
		All the Issued Paid Up Shares of USD
		0.50 Nominal Value Each Held by BHP
		Billiton Limited on 15 June 2008
	vi	Approve Reduction of Share Capital of		For	For		Mgmt
		BHP Billiton Plc by the Cancellation of
		All the Issued Paid Up Shares of USD
		0.50 Nominal Value Each Held by BHP
		Billiton Limited on 31 July 2008
	vii	Approve Reduction of Share Capital of		For	For		Mgmt
		BHP Billiton Plc by the Cancellation of
		All the Issued Paid Up Shares of USD
		0.50 Nominal Value Each Held by BHP
		Billiton Limited on 15 September 2008
	viii	Approve Reduction of Share Capital of		For	For		Mgmt
		BHP Billiton Plc by the Cancellation of
		All the Issued Paid Up Shares of USD
		0.50 Nominal Value Each Held by BHP
		Billiton Limited on 30 November 2008
	18	Approve Remuneration Report		For	For		Mgmt
	19	Approve Grant of Deferred Shares and		For	For		Mgmt
		Options under the BHP Billiton Limited
		Group Incentive Scheme and Grant of
		Performance Shares under the BHP
		Billiton Limited Long Term Incentive
		Plan to Executive Director, Marius
		Kloppers
	20	Approve Grant of Deferred Shares and		For	For		Mgmt
		Options under the BHP Billiton Ltd.
		Group Incentive Scheme to Charles
		Goodyear
	21	Amend Articles of Association of BHP		For	For		Mgmt
		Billiton Plc Re: Age Limit of Directors
	22	Amend the Constitution of BHP Billiton		For	For		Mgmt
		Limited Re: Age Limit of Directors
10/25/07 - A	Impala Platinum Holdings		S37840113			None		70,741
	Ltd.
	1	Reelect F J P Roux as Director		For	For		Mgmt
	2	Reelect J M McMahon as Director		For	For		Mgmt
	3	Appoint D Earp as Director		For	For		Mgmt
	4	Appoint F Jakoet as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 52

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Appoint D S Phiri as Director		For	For		Mgmt
	6	Approve Remuneration of Directors		For	For		Mgmt
		Special Business
	7	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	8	Amend Articles of Association		For	For		Mgmt
10/25/07 - S	Macquarie Group Ltd *MQG*		Q56993167			10/23/07		52,774
	1	Approve Reduction in Share Capital		For	For		Mgmt
		from A$7.5 Billion to A$4.4 Billion
10/25/07 - C	Macquarie Group Ltd *MQG*		Q56993167			10/23/07		52,774
		Court-Ordered Meeting for
		Shareholders
	1	Approve Scheme of Arrangement		For	For		Mgmt
		Between Macquarie Bank Limited and
		Each of Its Scheme Shareholders
10/26/07 - S	Industrial and Commercial		ADPV10024			09/25/07	3,790,000
	Bank of China Limited
		Special Business
	1a	Approve Acquisition of an Aggregate of		For	For		Mgmt
		119,900 Shares in Seng Heng Bank
		Ltd. and 200 Shares in Seng Heng
		Capital Asia Ltd. from Sociede de
		Turismo e Diversoes de Macau, S.A.
		and Huen Wing Ming, Patrick for a
		Cash Consideration of MOP 4.7 Billion
	1b	Approve Grant of a Put Option and a		For	For		Mgmt
		Call Option Over 30,100 Shares in
		Seng Heng Bank Ltd. to Huen Wing
		Ming, Patrick and the Company,
		respectively, Pursuant to the
		Shareholder's Agreement
10/26/07 - A	Jubilee Mines NL (Fm.		Q5135J107			10/24/07		29,967
	Jubilee Gold Mines)
	1	Adopt Remuneration Report		For	Against		Mgmt
	2	Elect Phil Lockyer as Director		For	For		Mgmt
	3	Approve Increase in the Remuneration		None	Against		Mgmt
		for Non-Executive Directors from
		A$400,000 to A$600,000 per Annum

Mgmt Rec - Company Management Recommended Vote

Page 53

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
10/26/07 - A	Telkom SA	S84197102			None		70,586

		Annual Meeting Agenda
	1	Accept Financial Statements and	For	For		Mgmt
		Statutory Reports for Year Ended 03-
		31-07
	2	Elect Directors	For	Split		Mgmt
	2.1	Reelect MJ Lamberti as Director --- For
	2.2	Reelect B du Plessis as Director --- For
	2.3	Reelect PSC Luthuli as Director --- For
	2.4	Reelect TF Mosololi as Director ---
		Against
	3	Ratify Ernst & Young as Auditors	For	For		Mgmt
	4	Amend Articles of Association Re:	For	For		Mgmt
		Electronic Communications
	5	Authorize Repurchase of Up to 20	For	For		Mgmt
		Percent of Issued Share Capital
10/26/07 - S	Unified Energy Systems RAO 904688108				08/23/07		91
		Meeting for ADR/GDR Holders
	1	TO REORGANIZE RAO UES OF	For	For		Mgmt
		RUSSIA IN THE FORM OF SPIN-OFF
		OF OAO STATE HOLDING, OAO
		STATE HOLDING HYDROOGK, OAO
		MINORITY HOLDING FGC UES, OAO
		MINORITY HOLDING HYDROOGK,
		OAO OGK-1 HOLDING, OAO OGK-2
		HOLDING, OAO OGK-3 HOLDING,
		OAO OGK-4 HOLDING, OAO OGK-6
		H
	2	ELECTION OF MEMBERS OF THE	None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		STATE HOLDING.
	3	ELECTION OF MEMBERS OF THE	None	For		Mgmt
		BOARD OF OAO HYDROOGK STATE
		HOLDING.
	4	ELECTION OF MEMBERS OF THE	None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		FGC UES MINORITY HOLDING.
	5	ELECTION OF MEMBERS OF THE	None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		HYDROOGK MINORITY HOLDING.
	6	ELECTION OF MEMBERS OF THE	None	For		Mgmt
		BOARD OF OAO OGK-1 HOLDING.
	7	ELECTION OF MEMBERS OF THE	None	For		Mgmt
		BOARD OF OAO OGK-2 HOLDING.
	8	ELECTION OF MEMBERS OF THE	None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		OGK-3 HOLDING.
	9	ELECTION OF MEMBERS OF THE	None	For		Mgmt
Mgmt Rec - Company Management Recommended Vote							Page 54

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		BOARD OF DIRECTORS OF OAO
		OGK-4 HOLDING.
	10	ELECTION OF MEMBERS OF THE		None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		OGK-6 HOLDING.
	11	ELECTION OF MEMBERS OF THE		None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		TGK-1 HOLDING.
	12	ELECTION OF MEMBERS OF THE		None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		TGK-2 HOLDING.
	13	ELECTION OF MEMBERS OF THE		None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		MOSENERGO HOLDING.
	14	ELECTION OF MEMBERS OF THE		None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		TGK-4 HOLDING.
	15	ELECTION OF MEMBERS OF THE		None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		TGK-6 HOLDING.
	16	ELECTION OF MEMBERS OF THE		None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		VOLJSKAYA TGK HOLDING.
	17	ELECTION OF MEMBERS OF THE		None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		UGK TGK-8 HOLDING.
	18	ELECTION OF MEMBERS OF THE		None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		TGK-9 HOLDING.
	19	ELECTION OF MEMBERS OF THE		None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		TGK-10 HOLDING.
	20	ELECTION OF MEMBERS OF THE		None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		TGK-11 HOLDING.
	21	ELECTION OF MEMBERS OF THE		None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		KUZBASSENERGO HOLDING.
	22	ELECTION OF MEMBERS OF THE		None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		YENISEYSKAYA TGK HOLDING.
	23	ELECTION OF MEMBERS OF THE		None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		TGK-14 HOLDING.
	24	ELECTION OF MEMBERS OF THE		None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		INTER RAO UES HOLDING.
	25	ELECTION OF MEMBERS OF THE		None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		MRSK HOLDING.
	26	ELECTION OF MEMBERS OF THE		None	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 55

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		BOARD OF DIRECTORS OF OAO
		RAO ENERGY SYSTEM OF THE
		EAST HOLDING.
	27	ELECTION OF MEMBERS OF THE		None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		CENTERENERGYHOLDING
		HOLDING.
	28	ELECTION OF MEMBERS OF THE		None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		SIBENERGYHOLDING.
	29	ELECTION OF MEMBERS OF THE		None	For		Mgmt
		BOARD OF DIRECTORS OF OAO
		INTERGENERATION.
	30	TO REORGANIZE OAO STATE		For	For		Mgmt
		HOLDING (TO BE ESTABLISHED AS
		A RESULT OF REORGANIZATION
		OF RAO UES OF RUSSIA)
		THROUGH A TAKEOVER BY OAO
		FGC UES (OGRN 1024701893336)
		UNDER TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE TAKEOVER
		AGREEMENT BEING APPR
	31	TO REORGANIZE OAO STATE		For	For		Mgmt
		HOLDING HYDROOGK (TO BE
		ESTABLISHED AS A RESULT OF
		REORGANIZATION OF OAO RAO
		UES OF RUSSIA) THROUGH A
		TAKEOVER BY OAO HYDROOGK
		(OGRN 1042401810494) UNDER
		TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE TAKEOVER
		AGREEM
	32	TO REORGANIZE OAO MINORITY		For	For		Mgmt
		HOLDING FGC UES (TO BE
		ESTABLISHED AS A RESULT OF
		REORGANIZATION OF OAO RAO
		UES OF RUSSIA) THROUGH A
		TAKEOVER BY OAO FGC UES
		(OGRN 1024701893336) UNDER
		TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE TAKEOVER
		AGREE
	33	TO REORGANIZE OAO MINORITY		For	For		Mgmt
		HOLDING HYDROOGK (TO BE
		ESTABLISHED AS A RESULT OF
		REORGANIZATION OAO RAO UES
		OF RUSSIA) THROUGH A
		TAKEOVER BY OAO HYDROOGK
Mgmt Rec - Company Management Recommended Vote								Page 56

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		(OGRN 1042401810494) UNDER
		TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE TAKEOVER
		AGREEM
	34	TO REORGANIZE OAO OGK-1		For	For		Mgmt
		HOLDING (TO BE ESTABLISHED AS
		A RESULT OF REORGANIZATION
		OF OAO RAO UES OF RUSSIA)
		THROUGH A TAKEOVER BY OAO
		OGK-1 (OGRN 1057200597960)
		UNDER TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE
		AGREEMENT FOR TAKEOVER OF O
	35	TO REORGANIZE OAO OGK-2		For	For		Mgmt
		HOLDING (TO BE ESTABLISHED AS
		A RESULT OF REORGANIZATION
		OF OAO RAO UES OF RUSSIA)
		THROUGH A TAKEOVER BY OAO
		OGK-2 (OGRN 1052600002180)
		UNDER TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE
		AGREEMENT FOR TAKEOVER OF O
	36	TO REORGANIZE OAO OGK-3		For	For		Mgmt
		HOLDING (TO BE ESTABLISHED AS
		A RESULT OF REORGANIZATION
		OF OAO RAO UES OF RUSSIA)
		THROUGH A TAKEOVER BY OAO
		OGK-3 (OGRN 1040302983093)
		UNDER TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE
		AGREEMENT FOR TAKEOVER OF O
	37	TO REORGANIZE OAO OGK-4		For	For		Mgmt
		HOLDING (TO BE ESTABLISHED AS
		A RESULT OF REORGANIZATION
		OF OAO RAO UES OF RUSSIA)
		THROUGH A TAKEOVER BY OAO
		OGK-4 (OGRN 1058602056985)
		UNDER TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE
		AGREEMENT FOR TAKEOVER OF O
	38	TO REORGANIZE OAO OGK-6		For	For		Mgmt
		HOLDING (TO BE ESTABLISHED AS
		A RESULT OF REORGANIZATION
		OF OAO RAO UES OF RUSSIA)
		THROUGH A TAKEOVER BY OAO
		OGK-6 (OGRN 1056164020769)
Mgmt Rec - Company Management Recommended Vote								Page 57

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		UNDER TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE
		AGREEMENT FOR TAKEOVER OF O
	39	TO REORGANIZE OAO TGK-1		For	For		Mgmt
		HOLDING (TO BE ESTABLISHED AS
		A RESULT OF REORGANIZATION
		OF OAO RAO UES OF RUSSIA)
		THROUGH A TAKEOVER BY OAO
		TGK-1 (OGRN 1057810153400)
		UNDER TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE
		AGREEMENT FOR TAKEOVER OF O
	40	TO REORGANIZE OAO TGK-2		For	For		Mgmt
		HOLDING (TO BE ESTABLISHED AS
		A RESULT OF REORGANIZATION
		OF OAO RAO UES OF RUSSIA)
		THROUGH A TAKEOVER BY OAO
		TGK-2 (OGRN 1057601091151)
		UNDER TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE
		AGREEMENT FOR TAKEOVER OF O
	41	TO REORGANIZE OAO		For	For		Mgmt
		MOSENERGO HOLDING (TO BE
		ESTABLISHED AS A RESULT OF
		REORGANIZATION OF OAO RAO
		UES OF RUSSIA) THROUGH A
		TAKEOVER BY OAO MOSENERGO
		(OGRN 1027700302420) UNDER
		TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE
		AGREEMENT FOR TAKEO
	42	TO REORGANIZE OAO TGK-4		For	For		Mgmt
		HOLDING (TO BE ESTABLISHED AS
		A RESULT OF REORGANIZATION
		OF OAO RAO UES OF RUSSIA)
		THROUGH A TAKEOVER BY OAO
		TGK-4 (OGRN 1056882304489)
		UNDER TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE
		AGREEMENT FOR TAKEOVER OF O
	43	TO REORGANIZE OAO TGK-6		For	For		Mgmt
		HOLDING (TO BE ESTABLISHED AS
		A RESULT OF REORGANIZATION
		OF OAO RAO UES OF RUSSIA)
		THROUGH A TAKEOVER BY OAO
		TGK-6 (OGRN 1055230028006)
Mgmt Rec - Company Management Recommended Vote								Page 58

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		UNDER TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE
		AGREEMENT FOR TAKEOVER OF O
	44	TO REORGANIZE OAO VOLJSKAYA		For	For		Mgmt
		TGK HOLDING (TO BE
		ESTABLISHED AS A RESULT OF
		REORGANIZATION OF OAO RAO
		UES OF RUSSIA) THROUGH A
		TAKEOVER BY OAO VOLJSKAYA
		TGK (OGRN 1056315070350) UNDER
		TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE
		AGREEMENT F
	45	TO REORGANIZE OAO UGK TGK-8		For	For		Mgmt
		HOLDING (TO BE ESTABLISHED AS
		A RESULT OF REORGANIZATION
		OF OAO RAO UES OF RUSSIA)
		THROUGH A TAKEOVER BY OAO
		UGK TGK-8 (OGRN 1053000012790)
		UNDER TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE
		AGREEMENT FOR TAKEO
	46	TO REORGANIZE OAO TGK-9		For	For		Mgmt
		HOLDING (TO BE ESTABLISHED AS
		A RESULT OF REORGANIZATION
		OF OAO RAO UES OF RUSSIA)
		THROUGH A TAKEOVER BY OAO
		TGK-9 (OGRN 1045900550024)
		UNDER TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE
		AGREEMENT FOR TAKEOVER OF O
	47	TO REORGANIZE OAO TGK-10		For	For		Mgmt
		HOLDING (TO BE ESTABLISHED AS
		A RESULT OF REORGANIZATION
		OF OAO RAO UES OF RUSSIA)
		THROUGH A TAKEOVER BY OAO
		TGK-10 (OGRN 1058602102437)
		UNDER TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE
		AGREEMENT FOR TAKEOVER OF
	48	TO REORGANIZE OAO TGK-11		For	For		Mgmt
		HOLDING (TO BE ESTABLISHED AS
		A RESULT OF REORGANIZATION
		OF OAO RAO UES OF RUSSIA)
		THROUGH A TAKEOVER BY OAO
		TGK-11 (OGRN 1055406226237)
Mgmt Rec - Company Management Recommended Vote								Page 59

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		UNDER TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE
		AGREEMENT FOR TAKEOVER OF
	49	TO REORGANIZE OAO		For	For		Mgmt
		KUZBASSENERGO HOLDING (TO BE
		ESTABLISHED AS A RESULT OF
		REORGANIZATION OF OAO RAO
		UES OF RUSSIA) THROUGH A
		TAKEOVER BY OAO
		KUZBASSENERGO (OGRN
		1024200678260) UNDER TERMS
		AND CONDITIONS PROVIDED FOR
		BY THIS RESOLUTION AND THE
		AGREEMENT F
	50	TO REORGANIZE OAO		For	For		Mgmt
		ENISEISKAYA TGK HOLDING (TO BE
		ESTABLISHED AS A RESULT OF
		REORGANIZATION OF OAO RAO
		UES OF RUSSIA) THROUGH A
		TAKEOVER BY OAO ENISEISKAYA
		TGK (TGK-13) (OGRN
		1051901068020) UNDER TERMS
		AND CONDITIONS PROVIDED FOR
		BY THIS RESOLUTION AND TH
	51	TO REORGANIZE OAO TGK-14		For	For		Mgmt
		HOLDING (TO BE ESTABLISHED AS
		A RESULT OF REORGANIZATION
		OF OAO RAO UES OF RUSSIA)
		THROUGH A TAKEOVER BY OAO
		TGK-14 (OGRN 1047550031242)
		UNDER TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE
		AGREEMENT FOR TAKEOVER OF
	52	TO REORGANIZE OAO INTER RAO		For	For		Mgmt
		UES HOLDING (TO BE
		ESTABLISHED AS A RESULT OF
		REORGANIZATION OF OAO RAO
		UES OF RUSSIA) THROUGH A
		TAKEOVER BY OAO SOCHINSKAYA
		TPP (OGRN 1022302933630) UNDER
		TERMS AND CONDITIONS
		PROVIDED FOR BY THIS
		RESOLUTION AND THE TAKEOVER
	53	TO REORGANIZE OAO RAO UES OF		For	For		Mgmt
		RUSSIA IN THE FORM OF
		TAKEOVER BY OAO FGC UES
		(OGRN 1024701893336) UNDER THE
		CONDITIONS SET FORTH BY THIS
		RESOLUTION AND TAKEOVER
Mgmt Rec - Company Management Recommended Vote								Page 60

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

AGREEMENT APPROVED BY THIS
RESOLUTION.

10/29/07 - S

Petroleo Brasileiro

71654V408

10/12/07

84,981

Meeting for ADR Holders

	1	Ratify Share Purchase and Sale		For	For		Mgmt
		Agreement Dated Aug. 3, 2007 and
		Signed Between the Indirect
		Controlling Shareholders of Suzano
		Petroquimica SA (Sellers) and
		Petrobras (Buyer); Nominate Firms to
		Perform Speciliazed Assessment for
		Such Purposes
10/30/07 - S	Asustek Computer Inc.		Y04327105			09/29/07		695,000
	1	Approve Transfer of the Company's		For	For		Mgmt
		Computer Related Departments to a
		Wholly-Owned Subsidiary.
	2	Approve Transfer of the Company's		For	For		Mgmt
		Chassis Production Facilities and Non-
		Computer Related Businesses to a
		Wholly-Owned Subsidiary
10/30/07 - A	ASX Limited (Formerly		Q0604U105			10/28/07		168,657
	Australian Stock Exchange
	Ltd.) *ASX*
	1	Receive ASX's Financial Statements		None	None		Mgmt
		and Statutory Reports for the Financial
		Year Ended June 30, 2007
	2	Receive SEGC Financial Statements		None	None		Mgmt
		and Statutory Reports for the National
		Guarantee Fund for the Financial Year
		Ended June 30, 2007
	3	Approve Remuneration Report for		For	For		Mgmt
		Financial Year Ended June 30, 2007
	4	Elect Shane Finemore as Director		For	For		Mgmt
	5	Elect David Gonski as Director		For	For		Mgmt
	6	Approve Increase in Remuneration of		None	For		Mgmt
		Non-Executive Directors from A$2
		Million to A$2.5 Million Per Annum
	7	Amend Robert Elstone's Participation		For	For		Mgmt
		in Stage Two of the Long Term
		Incentive Plan
10/30/07 - A	JB HI-FI LIMITED *JBH*		Q5029L101			10/28/07		68,073
	1	Receive Financial Statements and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 61

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statutory Reports for the Financial
		Year Ended June 30, 2007
	2	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended June 30, 2007
	3a	Elect Patrick Elliott as Director		For	For		Mgmt
	3b	Elect James King as Director		For	For		Mgmt
	4a	Approve Grant of 238,571 Options at		For	For		Mgmt
		an Exercise Price of A$11 Each to
		Richard Uechtritz, Executive Director
	4b	Approve Grant of 159,047 Options at		For	For		Mgmt
		an Exercise Price of A$11 Each to
		Terry Smart, Executive Director
	5	Approve Increase in Remuneration of		For	For		Mgmt
		Non-Executive Directors from
		A$400,000 to A$600,000 Per Annum

10/30/07 - A	Murray & Roberts Holdings	S52800133	None	165,500
	Ltd.
	Annual Meeting Agenda

	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for Year Ended 06-
		30-07
	2	Elect Directors		For	Split		Mgmt
	2.1	Reelect SE Funde as Director ---
		Against
	2.2	Reelect NM Magau as Director --- For
	2.3	Reelect JM McMahon as Director ---
		For
	2.4	Reelect AA Routledge as Director ---
		For
	2.5	Reelect SP Sibisi as Director --- For
	3	Ratify Deloitte & Touche as Auditors		For	For		Mgmt
	4	Approve Remuneration of Directors		For	For		Mgmt
	5	Authorize Repurchase of Up to 20		For	For		Mgmt
		Percent of Issued Share Capital
10/30/07 - S	Shougang Concord		Y78299107			None		1,958,000
	International Enterprises Co.
	Ltd.
	1	Approve QHD Agreement and Cap		For	For		Mgmt
		Amounts for the Three Financial Years
		Ending Dec. 31, 2009
	2	Approve Shouqin Agreement and Cap		For	For		Mgmt
		Amounts for the Three Financial Years
		Ending Dec. 31, 2009
	3	Approve BSFPCL Agreement and Cap		For	For		Mgmt
		Amounts for the Three Financial Years
		Ending Dec. 31, 2009
Mgmt Rec - Company Management Recommended Vote								Page 62

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Approve Steel Agreement and Cap		For	For		Mgmt
		Amounts for the Three Financial Years
		Ending Dec. 31, 2010
10/30/07 - S	Zhejiang Expressway Co.,		Y9891F102			10/05/07	1,398,000
	Ltd.
	1	Approve Interim Dividend of RMB 0.07		For	For		Mgmt
		Per Share
	2	Reappoint Deloitte Touche Tohmatsu		For	For		Mgmt
		as Hong Kong Auditor and Authorize
		Board to Fix Their Remuneration
	3	Reappoint Zhejiang Pan China Certfied		For	For		Mgmt
		Public Accountants as PRC Auditor
		and Authorize Board to Fix Their
		Remuneration
10/31/07 - S	Galiform plc		G37704106			None		347,852
	1	Approve Galiform Plc Co-Investment		For	For		Mgmt
		Plan
10/31/07 - S	Kookmin Bank		Y4822W100			09/30/07		13,534
	1	Elect Kang Chung-Won as Inside		For	For		Mgmt
		Director
	2	Elect Kim Chee-Joong as Outside		For	For		Mgmt
		Director
11/02/07 - A	Gold Fields Limited		S31755101			None		69,784
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for Year Ended June
		30, 2007
	2	Reelect G Marcus as Director		For	For		Mgmt
	3	Reelect K Ansah as Director		For	For		Mgmt
	4	Reelect PJ Ryan as Director		For	For		Mgmt
	5	Place Authorized But Unissued Shares		For	Against		Mgmt
		under Control of Directors
	6	Approve Issuance of Shares without		For	For		Mgmt
		Preemptive Rights up to a Maximum of
		10 Percent of the Number of Securities
		in that Class
	7	Award Non-Executive Directors with		For	For		Mgmt
		Share Rights in Accordance with the
		2005 Non-Executive Share Plan
	8	Approve Increase in Directors' Fees		For	For		Mgmt
	9	Place Authorized But Unissued		For	For		Mgmt
		Preference Shares under Control of
		Directors
Mgmt Rec - Company Management Recommended Vote								Page 63

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	10	Approve Increase in Authorized Capital		For	For		Mgmt
	11	Approve Addition of Article 37 to		For	For		Mgmt
		Articles of Association Re: Preference
		Shares
	12	Authorize Repurchase of Up to 20		For	For		Mgmt
		Percent of Issued Ordinary Shares
11/05/07 - S	ArcelorMittal (formerly		L0302D103			None		178,794
	Arcelor Mittal N.V.)
	1	Approve Merger by Absorption of		For	For		Mgmt
		ArcelorMittal
	2	Approve Discharge of Board and		For	For		Mgmt
		Auditors; Fix Place for Keeping of
		Books and Records.
11/06/07 - A	Eurocommercial Properties		N31065142			None		25,773
	NV
	1	Open Meeting		None			Mgmt
	2	Receive Report of Management Board		None			Mgmt
	3	Approve Financial Statements,		For			Mgmt
		Allocation of Income and Dividends of
		EUR 0.167 per Share
	4	Approve Discharge of Supervisory		For			Mgmt
		Board
	5	Approve Discharge of Management		For			Mgmt
		Board
	6	Approve Remuneration of Supervisory		For			Mgmt
		Board
	7	Approve Remuneration Report		For			Mgmt
		Containing Remuneration Policy for
		Management Board Members
	8	Ratify Ernst and Young as Auditors		For			Mgmt
	9	Grant Board Authority to Issue Shares		For			Mgmt
		and Restricting/Excluding Preemptive
		Rights
	10	Authorize Repurchase of Up to Ten		For			Mgmt
		Percent of Issued Share Capital
	11	Other Business (Non-Voting)		None			Mgmt
	12	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
11/06/07 - S	Koninklijke KPN N.V.		N4297B146			10/11/07		972,522
	1	Open Meeting and Announcements		None			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 64

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Receive Explanantion on the Extension		None			Mgmt
		of the Employment Contract of the
		CEO A.J. Scheepbouwer
	3	Approve Arrangement in Shares as		For			Mgmt
		Long-Term Incentive Element of A.J.
		Scheepbouwer's Remuneration
		Package
	4	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
11/07/07 - A	Commonwealth Bank Of		Q26915100			11/05/07		424,489
	Australia
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for the Financial
		Year Ended June 30, 2007
	2	Appoint PricewaterhouseCoopers as		For	For		Mgmt
		Auditors
	3a	Elect Reg J Clairs as Director		For	For		Mgmt
	3b	Elect Harrison H Young as Director		For	For		Mgmt
	3c	Elect John A Anderson as Director		For	For		Mgmt
	4	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended June 30, 2007
	5	Approve Issuance of A$11.56 Million		For	For		Mgmt
		Worth of Shares to Ralph Norris, Chief
		Executive Officer, Under the Group
		Leadership Share Plan
11/07/07 - S	Firstrand Limited		S5202Z131			None		456,630
	1	Approve Sale the Company's Stake in		For	For		Mgmt
		Discovery to RMBH, Discovery 's
		Senior Management, and the
		Discovery Share Trust
11/07/07 - A	Octaviar Ltd.		Q6074B105			11/05/07		149,415
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for the Financial
		Year Ended June 30, 2007
	2.a	Elect Andrew Peacock as Director		For	For		Mgmt
	2.b	Elect Rolf Krecklenberg as Director		For	For		Mgmt
	2.c	Elect Paul Manka as Director		For	For		Mgmt
	3	Approve Remuneration Report for the		For	Against		Mgmt
		Financial Year Ended June 30, 2007
	4	Approve Issuance of 12.3 Million		For	For		Mgmt
		Shares to Gersh Investments Pty Ltd
Mgmt Rec - Company Management Recommended Vote								Page 65

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		and Impossible Investments Pty Ltd as
		Consideration for the Acquisition by
		MFS Treasury Pty Ltd of Gersh
		Investment Corp Pty Ltd
	5	Ratify Past Issuance of 58.1 Million		For	For		Mgmt
		Shares to Various Vendors and Parties
	6	Approve Increase in Remuneration for		For	For		Mgmt
		Non-Executive Directors from
		A$500,000 Million to A$920,000 Per
		Annum
	7	Approve Grant of 500,000 Options to		For	Against		Mgmt
		Andrew Peacock
	8	Approve MFS Long Term Incentive		For	For		Mgmt
		Option Plan
11/07/07 - A	Telstra Corporation Limited.		Q8975N105			11/05/07	1,920,883
	*TLS*
	1	Chairman and CEO Presentation		None	None		Mgmt
	2	Approve Remuneration Report for the		For	Against		Mgmt
		Financial Year Ended June 30, 2007
	3	Discuss Financial Statements and		None	None		Mgmt
		Statutory Reports for the Financial
		Year Ended June 30, 2007
	4	Ratify Ernst & Young as Auditors		For	For		Mgmt
	5	Approve Increase in Remuneration of		For	For		Mgmt
		Non-Executive Directors by A$1 Million
		to a Maximum of A$3 Million Per
		Annum
11/08/07 - A	Leighton Holdings Ltd. *LEI*		Q55190104			11/06/07		18,433
	1	Receive Financial Statements and		For	For		Mgmt
		Statutory Reports for the Financial
		Year Ended June 30, 2007
	2	Approve Remuneration Report for the		For	Against		Mgmt
		Financial Year Ended June 30, 2007
	3	Elect Directors		For	For		Mgmt
	4	Approve Increase in Non-Executive		For	For		Mgmt
		Directors' Remuneration from A$2
		Million to A$3.5 Per Annum
11/08/07 - A	SEEK LTD *SEK*		Q8382E102			11/06/07		143,111
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for the Financial
		Year Ended June 30, 2007
	2	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended June 30, 2007
	3	Elect CJ Andersen as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 66

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Approve Increase in Non-Executive		For	For		Mgmt
		Directors' Remuneration to A$750,000
		Per Annum for the Year Ended 2008
	5	Amend Constitution Re: Proportional		For	For		Mgmt
		Takeover Bid
11/08/07 - A	TRANSPACIFIC INDUSTRIES		Q91932105			11/06/07		145,656
	GROUP LTD *TPI*
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for the Financial
		Year Ended June 30, 2007
	2	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended June 30, 2007
	3a	Elect Harold Grundell as Director		For	Against		Mgmt
	3b	Elect Bruce Brown as Director		For	For		Mgmt
	3c	Elect Trevor Coonan as Director		For	For		Mgmt
11/09/07 - A	Galliford Try plc		G37100107			None		801,059
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 2.2 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect Greg Fitzgerald as Director		For	For		Mgmt
	5	Re-elect Jonathan Dawson as Director		For	For		Mgmt
	6	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors and Authorise the
		Board to Determine Their
		Remuneration
	7	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 6,212,540
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 941,294
	9	Authorise up to 37,651,762 Ordinary		For	For		Mgmt
		Shares for Market Purchase
11/16/07 - A	Woolworths Ltd. *WOW*		Q98418108			11/14/07		483,490
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for the Financial
		Year Ended June 24, 2007
	2	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended June 24, 2007
	3a	Elect Diane Jennifer Grady as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 67

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3b	Elect Ian John Macfarlane as Director		For	For		Mgmt
	3c	Elect Alison Mary Watkins as Director		For	For		Mgmt
	4	Approve Woolsworths Long Term		For	For		Mgmt
		Incentive Plan
	5	Approve Increase in Remuneration for		For	For		Mgmt
		Non-Executive Directors from A$1.75
		Million to A$3.00 Million Per Annum
	6	Adopt New Constitution		For	For		Mgmt
11/21/07 - A	Massmart Holdings Limited		S4799N114			None		102,119
		Annual Meeting Agenda
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for Year Ended 06-
		30-07
	2	Reelect KD Dlamini as Director		For	For		Mgmt
	3	Reelect NN Gwagwa as Director		For	For		Mgmt
	4	Reelect JC Hodkinson as Director		For	For		Mgmt
	5	Reelect MJ Lamberti as Director		For	For		Mgmt
	6	Reelect P Langeni as Director		For	For		Mgmt
	7	Approve Remuneration of Directors		For	For		Mgmt
	8	Ratify Deloitte & Touche as Auditors		For	For		Mgmt
	9	Place Authorized But Unissued Shares		For	For		Mgmt
		under Control of Directors
	10	Approve Issuance of Shares without		For	For		Mgmt
		Preemptive Rights up to a Maximum of
		5 Percent of Issued Capital
	11	Authorize Repurchase of Up to 20		For	For		Mgmt
		Percent of Issued Share Capital
11/21/07 - A	MOUNT GIBSON IRON LTD		Q64224100			11/19/07		724,343
	*MGX*
	1	Elect Craig Readhead as Director		For	For		Mgmt
	2	Elect Neil Hamilton as Director		For	For		Mgmt
	3	Elect Mark Horn as Director		For	For		Mgmt
	4	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended June 30, 2007
	5	Approve Increase in Remuneration for		None	For		Mgmt
		Non-Executive Directors from
		A$300,000 to A$750,000 Per Annum
	6	Approve Grant of 161,681		For	For		Mgmt
		Performance Rights to Luke Tonkin,
		Managing Director, Under the Mount
		Gibson Iron Ltd Performance Rights
		Plan
	7	Approve Grant of 121,261		For	For		Mgmt
		Performance Rights to Alan Rule, Chief
		Financial Officer, Under the Mount
		Gibson Iron Ltd Performance Rights
Mgmt Rec - Company Management Recommended Vote								Page 68

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Plan
	8	Amend Constitution Re: Fee for		For	For		Mgmt
		Registering Paper Based Share
		Transfers
11/22/07 - A	Challenger Financial Services Q22685103					11/20/07		438,003
	Group Ltd *CGF*
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for the Financial
		Year Ended June 30, 2007
	2	Elect Peter Polson as Director		For	For		Mgmt
	3	Elect Graham Cubbin as Director		For	For		Mgmt
	4	Elect Russell Hooper as Director		For	For		Mgmt
	5	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended June 30, 2007
	6	Approve Remuneration of Non-		For	For		Mgmt
		Executive Directors by A$500,000,
		from A$1.5 Million to A$2 Million Per
		Annum
	7	Approve Challenger Performance Plan		For	For		Mgmt
		(Plan)
	8	Ratify Past Issuance of Options Under		For	For		Mgmt
		the Plan
11/23/07 - S	Kerry Properties Ltd		G52440107			11/21/07		802,500
	1a	Reelect Chan Wai Ming, William as		For	For		Mgmt
		Director
	1b	Reelect Ku Moon Lun as Director		For	For		Mgmt
	1c	Reelect Qian Shaohua as Director		For	For		Mgmt
	2	Approve Agreements and the		For	For		Mgmt
		Transactions Contemplated
		Thereunder
11/27/07 - S	Informa plc		G4771A117			None		648,047
	1	Approve Reduction of the Share		For	For		Mgmt
		Capital of the Company
	2	Approve Cancellation of Share		For	For		Mgmt
		Premium Account
	3	Amend Articles of Association Re:		For	For		Mgmt
		Reduction of Share Capital
11/28/07 - A	BHP Billiton Limited		Q1498M100			11/26/07		226,673
	(Formerly BHP Ltd.) *BHP*
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for BHP Billiton PLC
		for the Year Ended June 30, 2007
Mgmt Rec - Company Management Recommended Vote								Page 69

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for BHP Billiton Ltd
		for the Year Ended June 30, 2007
	3	Elect David A. Crawford as Director of		For	For		Mgmt
		BHP Billiton PLC
	4	Elect David A. Crawford as Director of		For	For		Mgmt
		BHP Billiton Ltd
	5	Elect Don R. Argus as Director of BHP		For	For		Mgmt
		Billiton PLC
	6	Elect Don R. Argus as Director of BHP		For	For		Mgmt
		Billiton Ltd
	7	Elect Carlos Cordeiro as Director of		For	For		Mgmt
		BHP Billiton PLC
	8	Elect Carlos Cordeiro as Director of		For	For		Mgmt
		BHP Billiton Ltd
	9	Elect Gail de Planque as Director of		For	For		Mgmt
		BHP Billiton PLC
	10	Elect Gail de Planque as Director of		For	For		Mgmt
		BHP Billiton Ltd
	11	Elect David Jenkins as Director of BHP		For	For		Mgmt
		Billiton PLC
	12	Elect David Jenkins as Director of BHP		For	For		Mgmt
		Billiton Ltd
	13	Approve KPMG Audit PLC as Auditors		For	For		Mgmt
		of BHP Billiton PLC
	14	Authorize Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to an Aggregate Nominal
		Amount of US$278.08 Million in BHP
		Billiton PLC
	15	Subject to the Passing of Resolution		For	For		Mgmt
		14, Authorize Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to 116.4 Million Shares in
		BHP Billiton PLC
	16	Authorize Buy-Back of up to 232.8		For	For		Mgmt
		Million Shares in BHP Billiton PLC
	17.1	Approve Cancellation of Shares in BHP		For	For		Mgmt
		Billiton PLC Held by BHP Billiton Ltd on
		Dec. 31, 2007
	17.2	Approve Cancellation of Shares in BHP		For	For		Mgmt
		Billiton PLC Held by BHP Billiton Ltd on
		Feb. 15, 2008
	17.3	Approve Cancellation of Shares in BHP		For	For		Mgmt
		Billiton PLC Held by BHP Billiton Ltd on
		April 30, 2008
	17.4	Approve Cancellation of Shares in BHP		For	For		Mgmt
		Billiton PLC Held by BHP Billiton Ltd on
		May 31, 2008
	17.5	Approve Cancellation of Shares in BHP		For	For		Mgmt
		Billiton PLC Held by BHP Billiton Ltd on
Mgmt Rec - Company Management Recommended Vote								Page 70

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		June 15, 2008
	17.6	Approve Cancellation of Shares in BHP		For	For		Mgmt
		Billiton PLC Held by BHP Billiton Ltd on
		July 31, 2008
	17.7	Approve Cancellation of Shares in BHP		For	For		Mgmt
		Billiton PLC Held by BHP Billiton Ltd on
		Sept. 15, 2008
	17.8	Approve Cancellation of Shares in BHP		For	For		Mgmt
		Billiton PLC Held by BHP Billiton Ltd on
		Nov. 30, 2008
	18	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended June 30, 2007
	19	Approve Grant of Deferred Shares and		For	For		Mgmt
		Options Under the Group Incentive
		Scheme and Performance Shares
		Under the Long-Term Incentive Plan to
		M.J. Kloppers, Executive Director
	20	Approve Grant of Deferred Shares and		For	For		Mgmt
		Options Under the Group Incentive
		Scheme to C.W. Goodyear, Executive
		Director
	21	Amend Articles of Association of BHP		For	For		Mgmt
		Billiton PLC Re: Age Requirement for
		Appointing Directors
	22	Amend Constitution of BHP Billiton Ltd		For	For		Mgmt
		Re: Age Requirement for Appointing
		Directors
11/29/07 - A	Chiyoda Integre Co. *6915*		J0627M104			08/31/07		4,200
	1	Approve Allocation of Income,		For	For		Mgmt
		Including the Following Dividends:
		Interim JY 0, Final JY 50, Special JY 0
	2	Elect Directors		For	For		Mgmt
	3.1	Appoint Internal Statutory Auditor		For	Against		Mgmt
	3.2	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.3	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.4	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.5	Appoint Internal Statutory Auditor		For	For		Mgmt
11/29/07 - A	David Jones Limited (DJL)		Q31227103			11/27/07		226,482
	*DJS*
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for the Financial
		Year Ended July 28, 2007
	2a	Elect Reginald Clairs as Director		For	For		Mgmt
	2b	Elect John Harvey as Director		For	For		Mgmt
	2c	Elect Peter Mason as Director		For	For		Mgmt
	3	Adopt Remuneration Report for the		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 71

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Financial Year Ended July 28, 2007
	4a	Approve Grant of 381,737 Shares to		For	For		Mgmt
		Mark McInnes, Chief Executive Officer,
		Pursuant to the David Jones Ltd Long
		Term Incentive Plan
	4b	Approve Grant of 173,156 Shares to		For	For		Mgmt
		Stephen Goddard, Finance Director,
		Pursuant to the David Jones Ltd Long
		Term Incentive Plan
11/29/07 - A	Firstrand Limited		S5202Z131			None		456,630
		Annual Meeting Agenda
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for Year Ended 06-
		30-07
	2	Approve Final Dividend of ZAR 0.43		For	For		Mgmt
		Per Share
	3	Elect Directors		For	Split		Mgmt
	3.1	Reelect GT Ferreira as Director --- For
	3.2	Reelect DM Falck as Director --- For
	3.3	Reelect N Gwagwa as Director ---
		Against
	3.4	Reelect G Moloi as Director --- Against
	3.5	Reelect F van Zyl Slabbert as Director
		--- For
	3.6	Reelect RA Williams as Director --- For
	4	Elect Directors		For	For		Mgmt
	5	Approve Remuneration of Directors for		For	For		Mgmt
		2007
	6	Approve Remuneration of Directors for		For	For		Mgmt
		2008
	7	Ratify PricewaterhouseCoopers as		For	For		Mgmt
		Auditors
	8	Authorize Board to Fix Remuneration		For	For		Mgmt
		of the Auditors
	9	Approve Issuance of Shares Pursuant		For	For		Mgmt
		to the FirstRand Outperformance
		Share Incentive Schemes
	10	Approve Issuance of Shares without		For	For		Mgmt
		Preemptive Rights up to a Maximum of
		5 Percent of Issued Capital
	11	Approve Issuance of B Preference		For	For		Mgmt
		Shares without Preemptive Rights up
		to a Maximum of 5 Percent of Issued
		Capital
	12	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
Mgmt Rec - Company Management Recommended Vote								Page 72

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
11/29/07 - S	PACIFIC BASIN SHIPPING		G68437139			None	3,623,437
	LIMITED
	1	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	2	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
11/30/07 - S	Icade		F4609H103			11/27/07		48,022
		Ordinary Business
	1	Ratify Appointment Serge Grzybowski		For			Mgmt
		as Director
		Special Business
	2	Approve Merger by Absorption by		For			Mgmt
		ICADE EMGP
	3	Approve Dissolution of Icade without		For			Mgmt
		Liquidation, Subject to the Approval of
		the Merger by Absorption
	4	Delegation of Powers to CEO and		For			Mgmt
		Chairman of Icade to Complete Merger
		and Formalities
	5	Authorize Filing of Required		For			Mgmt
		Documents/Other Formalities
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
11/30/07 - A	Sasol Ltd.		803866102			None		78,921
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for Year Ended June
		30, 2007
	2	Elect Directors		For	Split		Mgmt
	2.1	Reelect E le R Bradley as Director ---
		Against
	2.2	Reelect VN Fakude as Director --- For
	2.3	Reelect A Jain as Director --- Against
	2.4	Reelect IN Mkhize as Director --- For
	2.5	Reelect S Montsi as Director --- For
	3	Elect Directors		For	For		Mgmt
	4	Ratify KPMG Inc. as Auditors		For	For		Mgmt
	5	Approve Translation of Articles of		For	For		Mgmt
		Association into English
	6	Amend Articles of Association Re: Use		For	For		Mgmt
		of Electronic Media to Disseminate
		Information and Use of Electronic
		Proxies
Mgmt Rec - Company Management Recommended Vote								Page 73

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	7	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	8	Approve Remuneration of Directors		For	For		Mgmt
12/04/07 - A	Esprit Holdings		G3122U145			11/27/07		686,000
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of HK$1.00 Per		For	For		Mgmt
		Share
	3	Approve Special Dividend of HK$1.48		For	For		Mgmt
		Per Share
	4a	Reelect John Poon Cho Ming as		For	For		Mgmt
		Director
	4b	Reelect Jerome Squire Griffith as		For	For		Mgmt
		Director
	4c	Reelect Alexander Reid Hamilton as		For	For		Mgmt
		Director
	4d	Authorize Directors to Fix Their		For	For		Mgmt
		Remuneration
	5	Reappoint PricewaterhouseCoopers as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
	6	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Approve Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights
	8	Authorize Reissuance of Repurchased		For	For		Mgmt
		Shares
12/06/07 - S	CNOOC LTD		Y1662W117			11/30/07	2,921,000
	1	Approve Revised Caps for the		For	For		Mgmt
		Provision of Exploration and Support
		Services Category of Continuing
		Connected Transactions
	2	Approve Non-Exempt Continuing		For	For		Mgmt
		Connected Transactions with a Related
		Party
	3	Approve Proposed Caps for Each		For	For		Mgmt
		Category of the Non-Exempt
		Continuing Connected Transactions

12/13/07 - S	Industrial and Commercial	ADPV10686	11/12/07	4,292,000
	Bank of China Limited
	Special Business

1	Approve Acquisition of 20 Percent of	For	For	Mgmt
	the Enlarged Issued Ordinary Share
Mgmt Rec - Company Management Recommended Vote					Page 74

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Capital in Standard Bank Group Ltd.
12/13/07 - A	Westpac Banking Corp.		Q97417101			12/11/07		479,031
	(Wbc) *WBC*
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for the Financial
		Year Ended Sept. 30, 2007
	2a	Elect Edward Alfred Evans as Director		For	For		Mgmt
	2b	Elect Gordon McKellar Cairns as		For	For		Mgmt
		Director
	3	Approve Grant of Restricted Shares		For	For		Mgmt
		Under the Chief Executive Officer
		(CEO) Restricted Share Plan and
		Grant of Performance Share Rights
		and Performance Options Under the
		CEO Performance Plan to Gail Kelly,
		CEO and Managing Director
	4	Amend Constitution Re: Direct Voting,		For	For		Mgmt
		Directors' Retiring Age, Election of
		Chief Executive Officer, Indemnity and
		Insurance, Simultaneous AGM
		Meetings, Transitional Provision
		Changes, and Minor Wording Changes
	5	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended Sept. 30, 2007
12/14/07 - S	MMC Norilsk Nickel		46626D108			10/26/07		47
		Meeting for ADR Holders
	1	REORGANIZATION OF OJSC MMC		For	For		Mgmt
		NORILSK NICKEL
		Elect 9 Directors to the Board of
		OJSC EnergoPolyus Out of 18
		Nominees via Cumulative Voting
	2	Elect Directors		None	Split		Mgmt
	2.1	Elect Yulia Vasilievna Basova as
		Director --- Withhold
	2.2	Elect Andrei Evgenievich Bougrov as
		Director --- Withhold
	2.3	Elect Elena Evgenievna Bulavskaya as
		Director --- Withhold
	2.4	Elect Aleksandr Nikolaievich Dumnov
		as Director --- For
	2.5	Elect Anton Igorevich Klekovkin as
		Director --- Withhold
	2.6	Elect Dmitri Ruslanovich Kostoev as
		Director --- Withhold
	2.7	Elect Dmitri Aleksandrovich Kuskov as
		Director --- Withhold
Mgmt Rec - Company Management Recommended Vote								Page 75

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

2.8	Elect Pavel Borisovich Matveev as Director --- Withhold
2.9	Elect Aleksei Vasilievich Matvienko as Director --- Withhold
2.10	Elect Kirill Yurievich Parinov as Director --- Withhold
2.11	Elect Dmitry Valerievich Razumov as Director --- Withhold
2.12	Elect Aleksandre Viktorovich Raskatov as Director --- Withhold
2.13	Elect Yuri Stepanovich Sablukov as Director --- Withhold
2.14	Elect Ekaterina Mikhailovna Salnikova as Director --- Withhold
2.15	Elect Michael Aleksandrovich Sosnovski as Director --- Withhold
2.16	Elect Sergei Anatolievich Stefanovich as Director --- Withhold
2.17	Elect Sergei Afanasievich Tazin as Director --- Withhold
2.18	Elect David Alexander Herne as Director --- Withhold

12/19/07 - S EVRAZ GROUP S A *EVGPF* 30050A103

11/19/07

27,863

Meeting for GDR Holders
Special Meeting Agenda

	1	Authorize the Board of Directors to		For	For		Mgmt
		Appoint the CEO Without Prior
		Authorization of the Shareholders;
		Amend the First Paragraph of Art. 11
		Accordingly
	2	Modify the Date of the Annual Meeting;		For	For		Mgmt
		Amend Art. 15 Accordingly
	3	Transact Other Business (Voting)		For	Against		Mgmt
12/19/07 - S	LABORATORIOS ALMIRALL		E7131W101			None		49,796
	S.A
	1	Approve Auditors of Company and		For	For		Mgmt
		Consolidated Group
	2	Ratify Appintment of Independent		For	For		Mgmt
		Board Member Tom McKillop
	3	Ratify Appintment of Independent		For	For		Mgmt
		Board Member Paul Brons
	4	Ratify Appintment of Independent		For	For		Mgmt
		Board Member Juan Arena de la Mora
	5	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
Mgmt Rec - Company Management Recommended Vote								Page 76

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
12/20/07 - A	INCITEC PIVOT LTD *IPL*		Q4887E101			12/18/07		20,303
	1	Elect John Marlay as Director		For	For		Mgmt
	2	Elect James Fazzino as Director		For	For		Mgmt
	3	Elect Allan McCallum as Director		For	For		Mgmt
	4	Approve Increase in Remuneration for		None	For		Mgmt
		Non-Executive Directors from A$1.0
		Million to A$1.4 Million Per Annum
	5	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended Sept. 30, 2007
12/21/07 - S	CHINA RESOURCES POWER		Y1503A100			None		306,000
	HOLDINGS CO LTD
	1	Approve Acquisition by China		For	For		Mgmt
		Resources Power Project Service Co.,
		Ltd. of a 67 Percent Equity Interest in
		Xuzhou Huaxin Power Generation Co.,
		Ltd. and the Assignment of a
		Shareholder's Loan of RMB 268 Million
		from China Resources Co. Ltd.
12/21/07 - A	Micronics Japan Co. *6871*		J4238M107			09/30/07		2,100
	1	Approve Allocation of Income,		For	For		Mgmt
		Including the Following Dividends:
		Interim JY 0, Final JY 35, Special JY 5
	2	Amend Articles To: Increase Maximum		For	For		Mgmt
		Board Size - Reduce Directors Term in
		Office
	3	Elect Directors		For	For		Mgmt
	4	Approve Retirement Bonus for Director		For	For		Mgmt
	5	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
	6	Adopt Shareholder Rights Plan (Poison		For	Against		Mgmt
		Pill)
12/21/07 - S	MMC Norilsk Nickel		46626D108			11/13/07		4,610
		Meeting for ADR Holders
	1	Approve Dividends of RUB 108 Per		For	For		Mgmt
		Share for First Nine Months of Fiscal
		2007
12/22/07 - A	MTI Ltd. (frmrly. Mobilephone		J46805107			09/30/07		19
	Telecommunications Int.)
	*9438*
		Management Proposals
	1	Approve Allocation of Income,		For	Against		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 77

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Including the Following Dividends:
		Interim JY 0, Final JY 1500, Special JY
		0
	2	Elect Directors		For	For		Mgmt
	3	Appoint Internal Statutory Auditor		For	For		Mgmt
		Shareholder Proposals
	4	Approve Final Dividend of JY 2000 Per		Against	For		ShrHoldr
		Share
	5	Amend Articles to Require Company to		Against	Against		ShrHoldr
		Retire All Treasury Shares Held as of
		December 22, 2007
	6	Remove Director from Office		Against	Against		ShrHoldr
12/24/07 - S	WEICHAI POWER CO		Y9531A109			11/23/07		178,000
		Special Business
	1a	Approve Proposed A Share Issue and		For	For		Mgmt
		Nominal Value of the A Shares
	1b	Approve Number of A Shares to be		For	For		Mgmt
		Issued
	1c	Approve Method of Price		For	For		Mgmt
		Determination of the A Share Issue
	1d	Approve Target Investors of the A		For	For		Mgmt
		Share Issue
	1e	Approve Mode of the A Share Issue		For	For		Mgmt
	1f	Approve Listing of the A Shares in the		For	For		Mgmt
		Shenzhen Stock Exchange
	1g	Approve Use of Proceeds from the A		For	For		Mgmt
		Share Issue
	1h	Approve Validity Period of the		For	For		Mgmt
		Resolution of the A Share Issue
	1i	Approve Distribution of Accumulated		For	For		Mgmt
		Profits Before A Shares Issue
	2	Approve Feasibility of the Projects to		For	Against		Mgmt
		which Proceeds from the Issue of New
		A Shares would be Used
	3	Authorize Board to Determine and Deal		For	For		Mgmt
		with the Matters in Relation to the A
		Share Issue
		Ordinary Business
	4	Approve Rules for the Management of		For	Against		Mgmt
		the Use of Proceeds of Weichai Power
		Co., Ltd.
	5	Approve the Explanation of the		For	Against		Mgmt
		Previous Use of Proceeds of the Board
		of Directors of Weichai Power Co., Ltd.

Mgmt Rec - Company Management Recommended Vote

Page 78

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
12/26/07 - S	Bezeq The Israeli		M2012Q100			11/28/07		451,691
	Telecommunication Corp.
	Ltd.
	1	Approve Grant of Option to Two		For	Against		Mgmt
		Employee Directors
	2	Approve Bonus of Outgoing Board		For	Against		Mgmt
		Chairman
	3	Approve Dividend		For	For		Mgmt
	4	Ratify Decision of Previous EGM to		For	For		Mgmt
		Appoint New Director
	5	Approve Director/Officer		For	For		Mgmt
		Indemnification Agreements
	6.1	Approve Director/Officer Liability and		For	For		Mgmt
		Indemnification Insurance
	6.2	Approve Future Director/Officer		For	Against		Mgmt
		Liability and Indemnification Insurance
		Without Shareholder Approval
12/28/07 - S	Angang Steel Company		Y0132D105			11/27/07		160,240
	Limited
	1	Approve 2007 Supply of Materials and		For	Against		Mgmt
		Services Agreement and Relevant
		Monetary Caps of 2008 and 2009
	2	Approve Revision of 2007 Annual Caps		For	Against		Mgmt
		of the Support Services
	3	Approve Revision of 2007 Annual Caps		For	Against		Mgmt
		of the Financial Services
	4	Elect Wen Baoman as Member of		For	For		Mgmt
		Supervisory Committee
12/29/07 - S	Orascom Construction		M7525D108			None		5,964
	Industries (OCI)
	1	Approve Sale of Company Stock in		For			Mgmt
		Orascom Building Material Holdings to
		French Company Lafarge for
		Approximately USD 12.9 Billion
	2	Approve Acquisition of 22.5 Million of		For			Mgmt
		New Shares in Lafarge in Accordance
		with Seeling Agreement by Nassef
		Onsi Sawiris and Other Shareholders
	3	Authorize Selling Contract Between		For			Mgmt
		OCI and Lafarge; Approve Share
		Subscription in Lafarge Capital
		Increase, and OCI Shareholders;
		Approve Acquisition of Shares;
		Approve Cooperation Agreement
		between OCI and Lafarge
	4	Authorize the Board and CEO to		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 79

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Execute Approved Resolutions
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
12/31/07 - S	China National Building		Y15045100			11/30/07		194,000
	Material Co Ltd
	1	Approve Connected Transactions with		For	For		Mgmt
		Related Parties and Relevant Annual
		Caps
01/08/08 - S	Cosco International Holdings G8114Z101					None	1,316,000
	(frmrl. Shun Shing Holdings)
	1	Approve Ship Agency Services		For	For		Mgmt
		Agreement and Related Caps
	2	Approve Supply and Installation		For	For		Mgmt
		Services Agreement and Related Caps
	3	Approve Sales and Referral Services		For	For		Mgmt
		Agreement and Related Caps
	4	Approve NKM Referral Services		For	For		Mgmt
		Agreement and Related Caps
	5	Approve NKM-COSCO Kansai		For	For		Mgmt
		Purchase Agreement and Kansai
		Purchase Agreements and Related
		Caps
	6	Approve NKM-COSCO Kansai Supply		For	For		Mgmt
		Agreement and Related Caps
	7	Approve Technology Transfer		For	For		Mgmt
		Agreements and Related Caps
01/10/08 - S	Shougang Concord		Y78299107			None	1,958,000
	International Enterprises Co.
	Ltd.
	1	Approve Subscription of 400.0 Million		For	For		Mgmt
		New Ordinary Shares in the Capital of
		Shougang Concord Century Hldgs. Ltd.
		at HK$1.03 Per Share
	2	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	3	Approve Issuance of Shares Pursuant		For	Against		Mgmt
		to the Share Option Scheme

Mgmt Rec - Company Management Recommended Vote

Page 80

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
01/15/08 - S	Woori Investment &		Y9694X102			None		29,170
	Securities Co.
	1	Elect Park Jong-Su as Inside Director		For	For		Mgmt
01/16/08 - A	Punch Taverns plc		G73003108			None		107,011
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Reappoint Ernst & Young LLP as		For	For		Mgmt
		Auditors and Authorise the Board to
		Determine Their Remuneration
	3	Approve Remuneration Report		For	For		Mgmt
	4	Approve Final Dividend of 10.2 Pence		For	For		Mgmt
		Per Ordinary Share
	5	Authorise the Company to Make		For	For		Mgmt
		Political Donations to Political Parties
		up to GBP 50,000, to Make Political
		Donations to Political Organisations
		Other than Political Parties up to GBP
		50,000 and to Incur Political
		Expenditure up to GBP 50,000
	6	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 42,053
	7	Elect Phil Dutton as Director		For	For		Mgmt
	8	Elect Andrew Knight as Director		For	For		Mgmt
	9	Elect Deborah Kemp as Director		For	For		Mgmt
	10	Elect Mark Pain as Director		For	For		Mgmt
	11	Elect Tony Rice as Director		For	For		Mgmt
	12	Elect Ian Wilson as Director		For	For		Mgmt
	13	Re-elect Jonathan Paveley as Director		For	For		Mgmt
	14	Re-elect Fritz Ternofsky as Director		For	For		Mgmt
	15	Approve Punch Tavern plc Long-Term		For	For		Mgmt
		Incentive Plan 2008
	16	Approve Punch Tavern plc Share		For	For		Mgmt
		Bonus Plan 2008
	17	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 6,371.62
	18	Authorise 26,626,094 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	19	Adopt New Articles of Association		For	For		Mgmt
01/17/08 - S	Bank Leumi Le-Israel BM		M16043107			12/17/07		380,714
	1	Approve Director/Officer Liability and		For	For		Mgmt
		Indemnification Insurance
	2	Amend Employment Agreement of		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 81

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board Chairman
	3	Elect Israel Gilead as External Director		For	For		Mgmt
	3a	Indicate If You Are a Controlling		None	Against		Mgmt
		Shareholder
	4	Approve Compensation of Directors		For	For		Mgmt
		and External Directors
	5	Approve Dividend		For	For		Mgmt
01/18/08 - S	China Shipping Development Y1503Y108					12/18/07		318,000
	Co. (Frmrl. Shanghai Hai
	Xing)
	1	Approve Four Construction		For	For		Mgmt
		Agreements Between the Company,
		Dalian Shipbuilding Industry Co. Ltd.
		and China Shipbuilding International
		Trading Co. Ltd. Each for the
		Construction of One Very Large Iron
		Ores Carrier (VLOC) for a Total of Four
		VLOCs
	2	Approve Four Construction		For	For		Mgmt
		Agreements Between the Company,
		CSSC Guangzhou Longxue
		Shipbuilding Co., Ltd. and China
		Shipbuilding Trading Co. Ltd. Each for
		the Construction of One VLOC for a
		Total of Four VLOCs
	3	Approve Four Bareboat Charterparties		For	For		Mgmt
	4	Approve Five Bareboat Charterparties		For	For		Mgmt
	5	Approve Bareboat Charterparty		For	For		Mgmt
		Between Shanghai Maritime
		Enterprises Corp., and the Company
	6	Approve Bareboat Charterparty		For	For		Mgmt
		Between China Shipping (Hong Kong)
		Holdings Co., Ltd. and Xi Chuan
		Shipping S.A.Shanghai Maritime
		Enterprises Corp., and the Company
	7	Elect Zhu Yongguang as Independent		For	For		Mgmt
		Non-Executive Director
	8	Elect Yu Shicheng as Supervisor		For	For		Mgmt
	9	Approve Purchase of Liability		For	For		Mgmt
		Insurance Policy for Directors,
		Supervisors and Senior Management
	10	Amend Articles to Change Size of		For	For		Mgmt
		Supervisory Board
01/18/08 -	Lafarge		F54432111			01/15/08		84,138
A/S
		Special Business
Mgmt Rec - Company Management Recommended Vote								Page 82

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1	Approve Issuance of Shares Up to		For			Mgmt
		EUR 90 Million Reserved for NNS
		Holding Sarl and for Orascom
		Construction Industries SAE
	2	Amend Employee Savings-Related		For			Mgmt
		Share Purchase Plan
		Ordinary Business
	3	Elect Paul Desmarais Jr as Director		For			Mgmt
	4	Elect Thierry De Rudder as Director		For			Mgmt
	5	Elect Nassef Sawiris as Director		For			Mgmt
	6	Authorize Filing of Required		For			Mgmt
		Documents/Other Formalities
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
01/23/08 - S	Malayan Banking Berhad		Y54671105			None		307,100
	1	Approve Capitalization of up to MYR		For	For		Mgmt
		987.3 Million from the Share Premium
		Reserve for Bonus Issue of up to 987.3
		Million New Shares on the Basis of
		One New Share for Every Four
		Existing Shares Held
01/24/08 - S	Banco do Brasil S.A.		P11427112			None		134,200
	1	Amend Article 7 Re: Capital Increase		For	For		Mgmt
		via Issuance of Shares Resulting from
		Exercising of Subscription Bonus
		Series C
	2	Amend Article 33 Re: Rules and		For	For		Mgmt
		Functions of Audit Committee
01/24/08 - A	Siemens AG		D69671218			None		4,874
	1	Receive Supervisory Board Report,		None			Mgmt
		Corporate Governance Report,
		Remuneration Report, and Compliance
		Report for Fiscal 2006/2007
	2	Receive Financial Statements and		None			Mgmt
		Statutory Reports for Fiscal 2006/2007
	3	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 1.60 per Share
	4.1	Postpone Discharge of Former		For			Mgmt
		Management Board Member Johannes
		Feldmayer for Fiscal 2006/2007
	4.2	Approve Discharge of Former		For			Mgmt
		Management Board Member Klaus
Mgmt Rec - Company Management Recommended Vote								Page 83

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Kleinfeld for Fiscal 2006/2007
	4.3	Approve Discharge of Management		For			Mgmt
		Board Member Peter Loescher for
		Fiscal 2006/2007
	4.4	Approve Discharge of Management		For			Mgmt
		Board Member Heinrich Hiesinger for
		Fiscal 2006/2007
	4.5	Approve Discharge of Management		For			Mgmt
		Board Member Joe Kaeser for Fiscal
		2006/2007
	4.6	Approve Discharge of Management		For			Mgmt
		Board Member Rudi Lamprecht for
		Fiscal 2006/2007
	4.7	Approve Discharge of Management		For			Mgmt
		Board Member Eduardo Montes for
		Fiscal 2006/2007
	4.8	Approve Discharge of Management		For			Mgmt
		Board Member Juergen Radomski for
		Fiscal 2006/2007
	4.9	Approve Discharge of Management		For			Mgmt
		Board Member Erich Reinhardt for
		Fiscal 2006/2007
	4.10	Approve Discharge of Management		For			Mgmt
		Board Member Hermann Requardt for
		Fiscal 2006/2007
	4.11	Approve Discharge of Management		For			Mgmt
		Board Member Uriel Sharef for Fiscal
		2006/2007
	4.12	Approve Discharge of Management		For			Mgmt
		Board Member Klaus Wucherer for
		Fiscal 2006/2007
	4.13	Approve Discharge of Former		For			Mgmt
		Management Board Member Johannes
		Feldmayer for Fiscal 2006/2007 If
		Discharge Should Not Be Postponed
	5.1	Approve Discharge of Former		For			Mgmt
		Supervisory Board Member Heinrich
		von Pierer for Fiscal 2006/2007
	5.2	Approve Discharge of Supervisory		For			Mgmt
		Board Member Gerhard Cromme for
		Fiscal 2006/2007
	5.3	Approve Discharge of Supervisory		For			Mgmt
		Board Member Ralf Heckmann for
		Fiscal 2006/2007
	5.4	Approve Discharge of Supervisory		For			Mgmt
		Board Member Josef Ackermann for
		Fiscal 2006/2007
	5.5	Approve Discharge of Supervisory		For			Mgmt
		Board Member Lothar Adler for Fiscal
		2006/2007
	5.6	Approve Discharge of Supervisory		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 84

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board Member Gerhard Bieletzki for
		Fiscal 2006/2007
	5.7	Approve Discharge of Supervisory		For			Mgmt
		Board Member John Coombe for Fiscal
		2006/2007
	5.8	Approve Discharge of Supervisory		For			Mgmt
		Board Member Hildegard Cornudet for
		Fiscal 2006/2007
	5.9	Approve Discharge of Supervisory		For			Mgmt
		Board Member Birgit Grube for Fiscal
		2006/2007
	5.10	Approve Discharge of Supervisory		For			Mgmt
		Board Member Bettina Haller for Fiscal
		2006/2007
	5.11	Approve Discharge of Supervisory		For			Mgmt
		Board Member Heinz Hawreliuk for
		Fiscal 2006/2007
	5.12	Approve Discharge of Supervisory		For			Mgmt
		Board Member Berthold Huber for
		Fiscal 2006/2007
	5.13	Approve Discharge of Supervisory		For			Mgmt
		Board Member Walter Kroell for Fiscal
		2006/2007
	5.14	Approve Discharge of Supervisory		For			Mgmt
		Board Member Michael Mirow for
		Fiscal 2006/2007
	5.15	Approve Discharge of Former		For			Mgmt
		Supervisory Board Member Wolfgang
		Mueller for Fiscal 2006/2007
	5.16	Approve Discharge of Former		For			Mgmt
		Supervisory Board Member Georg
		Nassauer for Fiscal 2006/2007
	5.17	Approve Discharge of Supervisory		For			Mgmt
		Board Member Thomas Rackow for
		Fiscal 2006/2007
	5.18	Approve Discharge of Supervisory		For			Mgmt
		Board Member Dieter Scheitor for
		Fiscal 2006/2007
	5.19	Approve Discharge of Supervisory		For			Mgmt
		Board Member Albrecht Schmidt for
		Fiscal 2006/2007
	5.20	Approve Discharge of Supervisory		For			Mgmt
		Board Member Henning Schulte-Noelle
		for Fiscal 2006/2007
	5.21	Approve Discharge of Supervisory		For			Mgmt
		Board Member Peter von Siemens for
		Fiscal 2006/2007
	5.22	Approve Discharge of Supervisory		For			Mgmt
		Board Member Jerry Speyer for Fiscal
		2006/2007
	5.23	Approve Discharge of Supervisory		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 85

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board Member Iain Vallance of
		Tummel for Fiscal 2006/2007
	6	Ratify KPMG Deutsche Treuhand-		For			Mgmt
		Gesellschaft AG as Auditors for Fiscal
		2007/2008
	7	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Authorize Use of Financial Derivatives		For			Mgmt
		of up to 5 Percent of Issued Share
		Capital When Repurchasing Shares
	9	Elect Supervisory Board Member		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
01/25/08 - A	Porsche Automobil Holding		D61577108			01/04/08		4,859
	SE
		Informational Meeting - Only
		Common Shareholders Can Vote;
		Holders of Publicly Listed
		Preference Shares Have No Voting
		Rights
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports for Fiscal 2006/2007
	2	Approve Allocation of Income and		None			Mgmt
		Dividends of EUR 21.94 per Common
		Share and EUR 22.00 per Preference
		Share
	3	Approve Discharge of Management		None			Mgmt
		Board for Fiscal 2006/2007
	4	Approve Discharge of Supervisory		None			Mgmt
		Board for Fiscal 2006/2007
	5	Approve EUR 129.5 Million		None			Mgmt
		Capitalization of Reserves; Approve
		10:1 Stock Split
	6a	Amend Articles Re: Participation of		None			Mgmt
		Supervisory Board Members via Video
		Conference or Conference Call
	6b	Amend Articles Re: Registration for		None			Mgmt
		Shareholder Meetings
	6c	Amend Articles Re: Election and		None			Mgmt
		Removal of Supervisory Board
		Members
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
Mgmt Rec - Company Management Recommended Vote								Page 86

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
01/29/08 - A	Imperial Tobacco Group plc		G4721W102			None		305,564
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 48.5 Pence		For	For		Mgmt
		Per Share
	4	Elect Alison Cooper as Director		For	For		Mgmt
	5	Re-elect Gareth Davis as Director		For	For		Mgmt
	6	Re-elect Robert Dyrbus as Director		For	For		Mgmt
	7	Elect Michael Herlihy as Director		For	For		Mgmt
	8	Re-elect Susan Murray as Director		For	For		Mgmt
	9	Elect Mark Williamson as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorize Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	12	Approve Political Donations to Political		For	For		Mgmt
		Organisations or Independent Election
		Candidates up to GBP 100,000 and
		Political Expenditure up to GBP
		100,000
	13	Approve that the Authority to the		For	For		Mgmt
		Directors or a Duly Authorised
		Committee to Grant Options over
		Ordinary Shares in the Company under
		the French Appendix to the Imperial
		Tobacco Group International
		Sharesave Plan be Extended by 38
		Months
	14	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 24,300,000
	15	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 3,645,000
	16	Authorise 72,900,000 Shares for		For	For		Mgmt
		Market Purchase
	17	Adopt New Articles of Association		For	For		Mgmt
	18	Amend Articles of Association Re:		For	For		Mgmt
		Directors' Conflicts of Interest
01/29/08 - S	PT Bumi Resources Tbk		Y7122M110			01/09/08	3,905,000
	1	Approve Subsidiary's Equity		For	Against		Mgmt
		Acquisition in Herald Resources Ltd.
	2	Approve Stock Option Plan Grants		For	Against		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 87

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
02/05/08 - A	Southern Cross Healthcare		G8291V105			None		304,483
	Group plc
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 5 Pence Per		For	For		Mgmt
		Ordinary Share
	3	Re-elect William Colvin as Director		For	For		Mgmt
	4	Re-elect John Murphy as Director		For	For		Mgmt
	5	Elect Nancy Hollendoner as Director		For	For		Mgmt
	6	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors and Authorise the
		Board to Determine Their
		Remuneration
	7	Approve Remuneration Report		For	For		Mgmt
	8	Auth. Company to Make Political		For	For		Mgmt
		Donations to Political Parties or
		Independent Election Candidates up to
		GBP 0.05M, Political Donations to
		Political Organisations Other Than
		Political Parties up to GBP 0.05M and
		Incur Political Expenditure up to GBP
		0.05M
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 626,891
	10	Subject to the Passing of Resolution 9,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 94,033
	11	Authorise 18,806,737 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	12	Amend Articles of Association Re:		For	For		Mgmt
		Electronic Communications
	13	Amend Articles of Association		For	For		Mgmt
02/15/08 - S	Golden Agri-Resources Ltd		V39076126			None	1,060,000
	1	Approve Subdivision of Every One		For	For		Mgmt
		Ordinary Share of Par Value $0.05
		Each into Two Ordinary Shares of Par
		Value $0.025 Each
02/21/08 - S	Kerry Properties Ltd		G52440107			02/19/08		802,500
	1	Approve Framework Reorganization		For	For		Mgmt
		Agreement as Amended By the
		Amendment Agreement and Related
Mgmt Rec - Company Management Recommended Vote								Page 88

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Transactions
02/22/08 - A	POSCO (formerly Pohang		693483109			12/28/07		10,093
	Iron & Steel)
		Meeting for ADR Holders
	1	APPROVAL OF BALANCE SHEET,		For	For		Mgmt
		INCOME STATEMENT, AND THE
		STATEMENT OF APPROPRIATION
		OF RETAINED EARNINGS FOR THE
		40TH FISCAL YEAR
	2	ELECTION OF INDEPENDENT NON-		For	For		Mgmt
		EXECUTIVE DIRECTOR: AHN,
		CHARLES
	3	ELECTION OF INDEPENDENT NON-		For	For		Mgmt
		EXECUTIVE DIRECTORS AS AUDIT
		COMMITTEE MEMBERS: SUN,
		WOOK
	4	ELECTION OF INDEPENDENT NON-		For	For		Mgmt
		EXECUTIVE DIRECTORS AS AUDIT
		COMMITTEE MEMBERS: PARK,
		SANG-YONG
	5	ELECTION OF EXECUTIVE		For	For		Mgmt
		DIRECTOR: CHOI, JONG-TAE
	6	APPROVAL OF LIMITS OF TOTAL		For	For		Mgmt
		REMUNERATION FOR DIRECTORS
02/25/08 - S	Allgreen Properties Ltd		Y00398100			None		719,000
	1	Approve Joint Ventures in Kerry		For	For		Mgmt
		Development (Chengdu) Ltd., Wealthy
		Plaza Development (Chengdu) Ltd.,
		Lucky Billion Development
		(Qinhuangdao) Co. Ltd., Sky Fair
		Development (Qinhuangdao) Co. Ltd.,
		and Kerry (Shenyang) Real Estate
		Development Co. Ltd.
	2	Authorize Directors to Take All		For	For		Mgmt
		Necessary Steps and to Negotiate,
		Finalize and Enter Into Transactions,
		Arrangements and Agreements, and to
		Execute All Such Documents for the
		Purposes of Giving Effect to the Joint
		Ventures
02/26/08 - A	Novartis AG		H5820Q150			None		70,767
	1	Share Re-registration Consent		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
Mgmt Rec - Company Management Recommended Vote								Page 89

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		would outweigh the economic value of the vote.
02/26/08 - A	Novartis AG		H5820Q150			None		70,767
	1	Accept Financial Statements and		For			Mgmt
		Statutory Reports
	2	Approve Discharge of Board and		For			Mgmt
		Senior Management for Fiscal 2007
	3	Approve Allocation of Income and		For			Mgmt
		Dividends of CHF 1.60 per Share
	4	Approve CHF 42.7 Million Reduction in		For			Mgmt
		Share Capital via Cancellation of
		Repurchased Shares
	5	Authorize Share Repurchase Program		For			Mgmt
		and Cancellation of Repurchased
		Shares
	6.1	Amend Articles Re: Special		For			Mgmt
		Resolutions Requiring Supermajority
		Vote
	6.2	Amend Articles Re: Contributions in		For			Mgmt
		Kind
	7	Elect Directors		For			Mgmt
	8	Ratify PricewaterhouseCoopers AG as		For			Mgmt
		Auditors
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
02/26/08 - S	Powszechna Kasa		X6919X108			02/18/08		147,195
	Oszczednosci Bank Polski
	S.A.
	1	Open Meeting		None			Mgmt
	2	Elect Meeting Chairman		For			Mgmt
	3	Acknowledge Proper Convening of		For			Mgmt
		Meeting
	4	Approve Agenda of Meeting		For			Mgmt
		Shareholder Proposals
	5.1	Recall Supervisory Board Members		None			ShrHoldr
	5.2	Elect Supervisory Board Members		None			ShrHoldr
		Ordinary Business
	6	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.

Mgmt Rec - Company Management Recommended Vote

Page 90

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
02/29/08 - S	China Shipping Development		Y1503Y108			01/28/08		368,000
	Co. (Frmrl. Shanghai Hai
	Xing)
	1	Approve Four Construction		For	For		Mgmt
		Agreements with Independent Third
		Parties in Relation to the Construction
		of One Very Large Iron Ores Carrier
		Each
	2	Approve Ten Construction Agreements		For	For		Mgmt
		with Related Parties in Relation to the
		Construction of One Dry Bulk Carriers
		Each
	3	Approve Change of Domestic and		For	For		Mgmt
		International Auditors to Vocation
		International Certified Public
		Accountant Co., Ltd. and Tianzhi (H.K.)
		C.P.A., Respectively, and Authorize
		Board to Fix Their Remuneration
02/29/08 - A	Korea Electric Power Corp.		Y48406105			12/31/07		15,700
	1	Approve Appropriation of Income and		For	For		Mgmt
		Undecided Dividend
	2	Amend Articles of Incorporation to		For	For		Mgmt
		Require Shareholder Approval on
		Executives' Remuneration
02/29/08 - A	Korea Zinc Co Ltd		Y4960Y108			12/31/07		3,972
	1	Approve Appropriation of Income and		For	For		Mgmt
		Dividend of KRW 2,000 Per Share
	2	Amend Articles of Incorporation to		For	Against		Mgmt
		Shorten Board Meeting Notification
		Period and to Create Audit Committee
		and Outside Director Candidate
		Nominating Committee
	3	Elect One Inside Director and Three		For	For		Mgmt
		Outside Directors (Bundled)
	4	Elect Three Members of Audit		For	For		Mgmt
		Committee
	5	Approve Remuneration of Executive		For	For		Mgmt
		Directors and Independent Non-
		Executive Directors
02/29/08 - A	KT Corp (formerly Korea		Y49915104			12/31/07		34,080
	Telecom Corporation)
	1	Elect Nam Joong-Soo as President		For	For		Mgmt
	2	Approve Appropriation of Income and		For	For		Mgmt
		Dividend of KRW 2,000 Per Share
Mgmt Rec - Company Management Recommended Vote								Page 91

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Elect Oh Kyu-Taek as Independent		For	For		Mgmt
		Non-Executive Director (Outside
		Director) for Audit Committee
	4	Elect Two Inside (Executive) Directors		For	For		Mgmt
		and Two Outside (Independent Non-
		Executive) Directors (Bundled)
	5	Approve Remuneration of Executive		For	For		Mgmt
		Directors and Independent Non-
		Executive Directors
	6	Approve Employment Contract for		For	For		Mgmt
		Management
	7	Amend Terms of Severance Payments		For	For		Mgmt
		for Executives
02/29/08 - A	LG.Philips LCD Co.		Y5255T100			12/31/07		17,122
	1	Approve Appropriation of Income and		For	For		Mgmt
		Dividend of KRW 750 Per Share
	2	Amend Articles of Incorporation to		For	For		Mgmt
		Change Company's Name from
		LG.PHILIPS LCD CO., Ltd. to LG
		DISPLAY CO., Ltd.
	3	Elect Three Inside Directors and Four		For	For		Mgmt
		Outside Directors (Bundled)
	4	Elect Two Members of Audit		For	For		Mgmt
		Committee
	5	Approve Remuneration of Executive		For	For		Mgmt
		Directors and Independent Non-
		Executive Directors
03/04/08 - A	Bank Of Nova Scotia *BNS*		064149107			01/14/08		36,500
	1	Elect Directors		For	For		Mgmt
	2	Ratify KPMG LLP as Auditors		For	For		Mgmt
	3	SP 1: Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	4	SP 2: Increase Dividends for Longer-		Against	Against		ShrHoldr
		Term Shareholders
	5	SP 3: Limit Voting Rights for Shorter-		Against	Against		ShrHoldr
		Term Shareholders
	6	SP 4: Provide Payment into Employee		Against	Against		ShrHoldr
		Pension Fund in the Event of a Merger
	7	SP 5: Increase Number of Women		Against	Against		ShrHoldr
		Directors
	8	SP 6: Disclose Ratio Between Senior		Against	Against		ShrHoldr
		Executive and Average Employee
		Compensation
	9	SP 7: Obtain Shareholder Pre-		Against	Against		ShrHoldr
		Approval for Executive Compensation
		Policy and Director Fees
	10	SP 8: Restrict Executives' and		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 92

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Directors' Exercise of Options
	11	SP 9: Disclose Participation in Hedge		Against	Against		ShrHoldr
		Funds
	12	SP 10: Provide for Cumulative Voting		Against	Against		ShrHoldr
	13	SP 11: Director Nominee Criteria		Against	Against		ShrHoldr
	14	SP 12: Review Disclosure of Executive		Against	Against		ShrHoldr
		Compensation Programs
	15	SP 13: Shift Executive Compensation		Against	Against		ShrHoldr
		to Charitable Funds
	16	SP 14: Make Resignation		Against	Against		ShrHoldr
		Unconditional in the Event a Director
		Fails to Receive a Majority of Votes For
03/04/08 - S	Huaneng Power International Y3744A105					02/01/08	1,030,000
	Inc.
	1	Approve Connected Transaction with a		For	For		Mgmt
		Related Party and Transaction Cap
03/06/08 - S	Telekom Malaysia Berhad		Y8578H118			None		270,000
	1	Approve Internal Restructuring of		For	For		Mgmt
		Telekom Malaysia Bhd (TM) Group of
		Companies
	2	Approve Distribution by TM of Its Entire		For	For		Mgmt
		Holding of and Rights to TM
		International Bhd (TM International)
		Shares Following the Proposed
		Internal Restructuring to Its
		Shareholders
	3	Approve Listing of TM International on		For	For		Mgmt
		the Main Board of Bursa Malaysia
		Securities Bhd
	4	Approve Shareholders' Mandate for the		For	For		Mgmt
		Issuance of up to 10 Percent of TM
		International's Issued and Paid-Up
		Share Capital (Proposed Shareholders'
		Mandate)
	5	Approve Issuance by TM International		For	For		Mgmt
		of up to 30 Percent of the Number of
		New TM International Shares Available
		Under the Proposed Shareholders'
		Mandate to Employees Provident Fund
		Board (EPF)
	6	Approve Employees' Share Option		For	Against		Mgmt
		Scheme to Eligible Employees and
		Executive Directors of TM Group
		(Proposed Option Scheme)
	7	Approve Grant of Option to Abdul		For	Against		Mgmt
		Wahid Omar, Group Chief Executive
Mgmt Rec - Company Management Recommended Vote								Page 93

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Officer, to Subscribe for up to 2 Million
		TM Shares Under the Proposed Option
		Scheme
	8	Approve Grant of Option to Mohd Azizi		For	Against		Mgmt
		Rosli, a Relative of a Director, to
		Subscribe for up to 6,000 TM Shares
		Under the Proposed Option Scheme
	9	Approve Acquisition by TM		For	For		Mgmt
		International and Indocel Holding Sdn
		Bhd of Equity Interests in Sunshare
		Investments Ltd and PT Excelcomindo
		Pratama Tbk from Khazanah Nasional
		Bhd (Khazanah) for an Aggregate
		Purchase Consideration of MYR 1.6
		Billion
	10	Approve Exemption for Khazanah from		For	For		Mgmt
		the Obligation to Undertake a
		Mandatory Take-Over Offer for the
		Remaining Voting Shares of TM
		International Not Already Owned by
		Khazanah
03/07/08 - A	GS Holdings Corp.		Y2901P103			12/31/07		17,400
	1	Approve Appropriation of Income and		For	For		Mgmt
		Dividends of KRW 1000 Per Common
		Share
	2	Amend Articles of Incorporation		For	Against		Mgmt
		Regarding Preferred Shares,
		Redeemable Shares, Convertible
		Bonds, and Warrants
	3	Approve Remuneration of Executive		For	For		Mgmt
		Directors and Independent Non-
		Executive Directors
03/12/08 - S	Digi.com Berhad (formerly		Y2070F100			None		131,300
	Digi Swisscom)
	1	Amend Articles of Association as Set		For	For		Mgmt
		Out in Appendix I of the Circular to
		Shareholders Dated Feb. 19, 2008
03/12/08 - A	Novo Nordisk A/S		K7314N152			03/07/08		236,900
	1	Receive Report of Board (Non-Voting)		None	None		Mgmt
	2	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports; Approve Director
		Remuneration
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of DKK 4.50 per Share
Mgmt Rec - Company Management Recommended Vote								Page 94

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Reelect Sten Scheibye, Goran Ando,		For	For		Mgmt
		Kurt Briner, Henrik Gurtler, Kurt Anker
		Nielsen, and Joergen Wedel as
		Directors. Elect Pamela Kirby as New
		Director
	5	Reappoint PricewaterhouseCoopers as		For	For		Mgmt
		Auditors
	6.1	Approve DKK 12.9 Million Reduction in		For	For		Mgmt
		Share Capital via Cancellation of Class
		B Shares
	6.2	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	6.3	Approve Donation to the World		For	For		Mgmt
		Diabetes Foundation (WDF) of up to
		DKK 575 Million for the Years 2008-
		2017
	6.4	Approve Guidelines for Incentive-		For	For		Mgmt
		Based Compensation for Executive
		Management and Board
	6.5.1	Amend Articles Re: Approve Reduction		For	For		Mgmt
		of Of Minimum Nominal Value of Class
		A and Class B Shares From DKK 1.00
		to DKK 0.01
	6.5.2	Extend Existing Authorization to Issue		For	Against		Mgmt
		Class B Shares to Employees; Reduce
		Authorization Amount to DKK 4 Million
	6.5.3	Approve Creation of DKK 126 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	6.5.4	Amend Articles Re: Approve Change of		For	For		Mgmt
		Specific Venue for General Meetings to
		the Capital Region of Denmark
	6.5.5	Amend Articles Re: Approve Reduction		For	For		Mgmt
		of Number of Shares Required to
		Request an EGM from 10 Percent of
		the Share Capital to 5 Percent
	7	Other Business (Non-Voting)		None	None		Mgmt
03/12/08 -	Viterra Inc *VT*		803914209			01/29/08		396,080
A/S
	1	Elect Directors		For	For		Mgmt
	2	Appoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors
	3	Change Company Name to Viterra		For	For		Mgmt
	4	Amend Stock Option Plan		For	For		Mgmt

Mgmt Rec - Company Management Recommended Vote

Page 95

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
03/13/08 - A	Konecranes Oyj (frmrly. KCI		X4550J108			03/03/08		33,866
	Konecranes)
		Matters Pertaining to the AGM as
		Stated in the Company's Articles of
		Association (Items 1.1-1.10)
	1.1	Receive Financial Statements and		None			Mgmt
		Statutory Reports
	1.2	Receive Auditors' Report		None			Mgmt
	1.3	Accept Financial Statements and		For			Mgmt
		Statutory Reports
	1.4	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 0.80 per Share
	1.5	Approve Discharge of Board and		For			Mgmt
		Managing Director
	1.6	Approve Remuneration of Directors		For			Mgmt
	1.7	Approve Remuneration of Auditors		For			Mgmt
	1.8	Fix Number of Directors at Eight		For			Mgmt
	1.9	Reelect Svante Adde, Kim Gran, Stig		For			Mgmt
		Gustavson, Matti Kavetvuo, Malin
		Persson, Timo Poranen, Bjoern Saven
		as Directors; Elect Mikael Silvennoinen
		as New Director
	1.10	Appoint Ernst & Young Oy as Auditor		For			Mgmt
	2	Authorize Repurchase of up to 10		For			Mgmt
		Percent of Issued Share Capital
	3	Authorize Reissuance of Repurchased		For			Mgmt
		Shares
	4	Approve Creation of Pool of Capital		For			Mgmt
		without Preemptive Rights
	5	Amend 1997 Stock Option Plan Re:		For			Mgmt
		Beginning Date of Right to Dividends
	6	Amend 1999 Stock Option Plan Re:		For			Mgmt
		Beginning Date of Right to Dividends
	7	Amend 2001 Stock Option Plan Re:		For			Mgmt
		Beginning Date of Right to Dividends
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
03/14/08 - A	Hyundai Motor Co.		Y38472109			12/31/07		37,746
	1	Approve Appropriation of Income and		For	For		Mgmt
		Dividends of KRW 1000 Per Common
		Share
	2	Elect Chung Mong-Koo as Inside		For	Against		Mgmt
		(Executive) Director
	3	Elect Kim Kwang-Nyun as Outside		For	For		Mgmt
		(Independent Non-Executive) Director
		Who Will Be Also Member of Audit
Mgmt Rec - Company Management Recommended Vote								Page 96

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Committee
	4	Approve Remuneration of Executive		For	For		Mgmt
		Directors and Independent Non-
		Executive Directors
03/14/08 - A	Kumho Industrial Co.		Y5044R100			12/31/07		8,714
	(formerly Kumho Tire)
	1	Approve Appropriation of Income and		For	For		Mgmt
		Dividends of KRW 500 Per Common
		Share
	2	Amend Articles of Incorporation to		For	For		Mgmt
		Expand Business Objectives
	3	Elect Two Inside Directors and Two		For	Against		Mgmt
		Outside Directors (Bundled)
	4	Elect Kim Soo-Sam as Member of		For	Against		Mgmt
		Audit Committee
	5	Approve Remuneration of Executive		For	Against		Mgmt
		Directors and Independent Non-
		Executive Directors
	6	Amend Terms of Severance Payments		For	For		Mgmt
		to Executives
03/14/08 - A	LG Electronics Inc.		Y5275H177			12/31/07		111,923
	1	Approve Appropriation of Income and		For	For		Mgmt
		Dividends of KRW 850 Per Common
		Share
	2	Amend Articles of Incorporation to		For	For		Mgmt
		Expand Business Objectives
	3	Elect Two Inside Directors (Bundled)		For	For		Mgmt
	4	Approve Remuneration of Executive		For	For		Mgmt
		Directors and Independent Non-
		Executive Directors
03/14/08 - A	SK Holdings Co. (ex SK Corp. Y80662102					12/31/07		5,046
	(Frmly Yukong ))
	1	Approve Appropriation of Income and		For	For		Mgmt
		Dividends of KRW 1950 Per Common
		Share
	2	Amend Articles of Incorporation		For	For		Mgmt
		Regarding Company/Business
		Purposes
	3	Elect Chey Tae-Won as Inside Director		For	For		Mgmt
	4	Approve Remuneration of Executive		For	For		Mgmt
		Directors and Independent Non-
		Executive Directors
	5	Amend Terms of Severance Payments		For	Against		Mgmt
		to Executives
Mgmt Rec - Company Management Recommended Vote								Page 97

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
03/14/08 - A	SK Telecom Co.		Y4935N104			12/31/07		4,563
	1	Approve Financial Statements for 24th		For	For		Mgmt
		Fiscal Year
	2	Amend Articles of Incorporation		For	For		Mgmt
		Regarding Addition of Preamble and
		Business Objectives Expansion
	3	Approve Remuneration of Executive		For	For		Mgmt
		Directors and Independent Non-
		Executive Directors
	4.1	Elect Kim Shin-Bae and Park Young-		For	For		Mgmt
		Ho as Inside (Executive) Directors
		(Bundled)
	4.2	Elect Uhm Rak-Yong and Chung Jae-		For	For		Mgmt
		Young as Outside (Independent Non-
		Executive) Directors (Bundled)
	4	Elect Directors		For	For		Mgmt
03/14/08 - A	SK Telecom Co.		78440P108			12/31/07		16,970
		Meeting for ADR Holders
	1	Approve Financial Statements for 24th		For	For		Mgmt
		Fiscal Year
	2	Amend Articles of Incorporation		For	For		Mgmt
		Regarding Addition of Preamble and
		Business Objectives Expansion
	3	Approve Remuneration of Executive		For	For		Mgmt
		Directors and Independent Non-
		Executive Directors
	4	Elect Kim Shin-Bae and Park Young-		For	For		Mgmt
		Ho as Inside (Executive) Directors
		(Bundled)
	5	Elect Uhm Rak-Yong and Chung Jae-		For	For		Mgmt
		Young as Outside (Independent Non-
		Executive) Directors (Bundled)
	6	Elect Cho Jae-Ho as Outside		For	For		Mgmt
		(Independent Non-Executive) Director
		Who Will Be Also Member of Audit
		Committee
03/18/08 -	Brasil Telecom Participacoes		P18430101			None		121,869
A/S	S.A. (frm.Tele Centro Sul
	Participacoes)
		Ordinary Business
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for Fiscal Year
		Ended Dec. 31, 2007
	2	Approve Allocation of Income and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 98

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Dividends
	3	Elect Principle and Alternate Members		For	For		Mgmt
		of Fiscal Council and Determine their
		Remuneration
		Special Business
	4	Approve Global Remuneration of		For	For		Mgmt
		Directors and Executive Officers
03/19/08 - A	Autonomy Corporation plc		G0669T101			None		310,489
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
	3	Re-elect Barry Ariko as Director		For	For		Mgmt
	4	Re-elect John McMonigall as Director		For	Against		Mgmt
	5	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors of the Company
	6	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	7	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 237,134
	8	Approve Autonomy Corporation plc		For	For		Mgmt
		2008 U.S. Share Option Plan
	9	Subject to the Passing of Resolution 7,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 35,570
	10	Authorise 31,799,701 Ordinary Shares		For	For		Mgmt
		for Market Purchase
03/20/08 - A	Busan Bank (formerly Pusan		Y0695K108			12/31/07		35,142
	Bank)
	1	Approve Appropriation of Income and		For	For		Mgmt
		Dividend of KRW 570 per Share
	2	Amend Articles of Incorporation to		For	Against		Mgmt
		Issue Convertible Bonds and
		Redeemable Bonds
	3	Elect Three Outside Directors		For	For		Mgmt
		(Bundled)
	4	Approve Stock Option Grants		For	For		Mgmt
		Previously Granted by Board
03/20/08 - A	Chemring Group plc		G20860105			None		18,633
		Preference Shareholders are not
		Entitled to Attend and Vote at the
Mgmt Rec - Company Management Recommended Vote								Page 99

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Meeting
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 17.8 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect Ian Much as Director		For	For		Mgmt
	5	Re-elect Sir Peter Norriss as Director		For	For		Mgmt
	6	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors and Authorise the Board to
		Determine Their Remuneration
	7	Approve Chemring Group 2008 UK		For	For		Mgmt
		Sharesave Plan
	8	Approve Chemring Group 2008 US		For	For		Mgmt
		Stock Purchase Plan
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 512,938
	10	Subject to Resolution 9 Being Passed,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 81,853
	11	Authorise 3,249,123 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	12	Amend Articles of Association Re:		For	For		Mgmt
		Electronic Communications
	13	Amend Articles of Association Re:		For	For		Mgmt
		Agreements of Joint Holders of Shares
	14	Amend Articles of Association Re:		For	For		Mgmt
		Length of Notice of Extraordinary
		General Meetings
	15	Amend Articles of Association Re:		For	For		Mgmt
		Written Shareholder Resolutions
	16	Amend Articles of Association		For	For		Mgmt
03/20/08 - A	Kookmin Bank		Y4822W100			12/31/07		22,904
	1	Approve Appropriation of Income and		For	For		Mgmt
		Dividend of KRW 2,450 per Share
	2	Amend Articles of Incorporation		For	For		Mgmt
		Regarding Method of Meeting Notice
		and Issuances of Convertible Shares
		and Redeemable Shares
	3	Elect Three Inside Directors and Five		For	For		Mgmt
		Outside Directors (Bundled)
	4	Elect Cheong Yong-Hwa as Member of		For	For		Mgmt
		Audit Committee Who Is Not Executive
	5	Elect Five Members of Audit		For	For		Mgmt
		Committee Who Are Independent
Mgmt Rec - Company Management Recommended Vote								Page 100

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6	Approve Remuneration of Executive		For	For		Mgmt
		Directors and Independent Non-
		Executive Directors
03/21/08 - A	Hanjin Heavy Industries &		Y3053D104			12/31/07		19,407
	Construction Holdings Co.
	1	Approve Financial Statements		For	For		Mgmt
	2	Elect Lee Sang-ho as Outside Director		For	For		Mgmt
	3	Elect Lee Sang-Ho as Member of Audit		For	For		Mgmt
		Committee
	4	Approve Remuneration of Executive		For	For		Mgmt
		Directors and Independent Non-
		Executive Directors
03/21/08 - A	Hankook Tire Co.		Y30587102			12/31/07		48,090
	1	Approve Appropriation of Income and		For	For		Mgmt
		Dividend of KRW 250 Per Share
	2	Amend Articles of Incorporation to		For	For		Mgmt
		Allow Shareholder Meetings in Other
		Places and to Create Management
		Committee
	3	Elect Two Outside Directors Who Will		For	For		Mgmt
		Also Be Members of Audit
		Committee(Bundled)
	4	Approve Remuneration of Executive		For	For		Mgmt
		Directors and Independent Non-
		Executive Directors
03/21/08 - A	Hyundai Department Store		Y38306109			12/31/07		12,762
	Co.
	1	Approve Appropriation of Income and		For	For		Mgmt
		Dividend of KRW 600 per Share
	2	Amend Articles of Incorporation		For	For		Mgmt
		Regarding Outside Director Nominating
		Committee and Audit Committee
	3	Elect One Inside Director and Two		For	For		Mgmt
		Outside Directors (Bundled)
	4	Elect Three Members of Audit		For	For		Mgmt
		Committee
	5	Approve Remuneration of Executive		For	For		Mgmt
		Directors and Independent Non-
		Executive Directors
	6	Approve Limit on Remuneration of		For	For		Mgmt
		Auditor

Mgmt Rec - Company Management Recommended Vote

Page 101

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
03/21/08 - A	LG Chem Ltd.		Y52758102			12/31/07		9,155
	1	Approve Appropriation of Income and		For	For		Mgmt
		Dividends of KRW 2000 Per Common
		Share
	2	Elect Kang Yoo-Sik as Inside Director		For	For		Mgmt
	3	Approve Remuneration of Executive		For	For		Mgmt
		Directors and Independent Non-
		Executive Directors
03/24/08 -	Banco Bradesco S.A.		P1808G117			None		149,800
A/S
		Ordinary Business
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for Fiscal Year
		Ended Dec. 31, 2007 and Approve
		Allocation of Income
	2	Elect Directors		For	For		Mgmt
	3	Elect Fiscal Council Members		For	For		Mgmt
	4	Approve Remuneration of Executive		For	For		Mgmt
		Officers and Non-Executive Directors
		Special Business
	5	Amend Articles re: Increase in Number		For	For		Mgmt
		of Internal Controls Committee
		Members and Creation of Risk
		Committee
	6	Consolidate Articles		For	For		Mgmt
03/24/08 - S	DLF LTD		Y2089H105			02/15/08		67,725
		Postal Ballot
	1	Approve Investment of up to INR 41		For			Mgmt
		Billion in Associate/Subsidiary/Group
		Companies
	2	Approve Corporate Loan of up to INR		For			Mgmt
		88 Billion to
		Associate/Subsidiary/Group
		Companies
	3	Approve Corporate Guarantee of up to		For			Mgmt
		INR 88 Billion to
		Associate/Subsidiary/Group
		Companies
	4	Approve Donations for Charitable		For			Mgmt
		Purpose up to INR 2.5 Billion
	5	Approve Appointment of S.D. Singh,		For			Mgmt
		Relative of a Director, as Senior
		Management Trainee in DLF
		Commercial Developers Ltd
	6	Approve Variation in the Utilization of		For			Mgmt
		Initial Public Offering Proceeds
Mgmt Rec - Company Management Recommended Vote								Page 102

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

Not voted due to shareblocking restriction. The
potential impact on trading/loan share activities
would outweigh the economic value of the vote.

03/24/08 - S

Mechel Steel Group OAO

583840103

03/03/08

219

Meeting for ADR Holders

	1	Amend Charter		For	Against		Mgmt
	2	Amend Regulations on Board of		For	Against		Mgmt
		Directors
	3	Approve Related-Party Transactions		For	For		Mgmt
03/24/08 - S	Petroleo Brasileiro		71654V408			03/07/08		126,391
		Meeting for ADR Holders
	1	APPROVAL OF THE		For	For		Mgmt
		INCORPORATION PROTOCOL AND
		JUSTIFICATION SIGNED BY
		PETROBRAS, AS THE SURVIVING
		COMPANY, AND BY PRAMOA
		PARTICIPACOES S.A., AS THE
		ACQUIRED COMPANY.
	2	APPROVAL OF THE APPOINTMENT		For	For		Mgmt
		OF A SPECIALIZED COMPANY TO
		EVALUATE AND APPROVE THE
		RESPECTIVE ASSESSMENT
		REPORT ELABORATED FOR THE
		PRAMOA PARTICIPACOES S.A.
		INCORPORATION OPERATION.
	3	APPROVAL OF THE		For	For		Mgmt
		INCORPORATION PROTOCOL AND
		JUSTIFICATION, SIGNED BY
		PETROBRAS, AS THE SURVIVING
		COMPANY, AND BY UPB S.A., AS
		THE ACQUIRED COMPANY.
	4	APPROVAL OF THE APPOINTMENT		For	For		Mgmt
		OF A SPECIALIZED COMPANY TO
		EVALUATE AND APPROVE THE
		RESPECTIVE ASSESSMENT
		REPORT ELABORATED FOR THE
		UPB S.A. INCORPORATION
		OPERATION.
	5	SPLIT OF THE SHARES THAT		For	For		Mgmt
		REPRESENT THE CAPITAL STOCK.
03/26/08 - A	Simcorp A/S		K8851Q111			None		3,260
	1	Receive Report of Board (Non-Voting)		None	None		Mgmt
	2	Approve Financial Statements and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 103

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statutory Reports
	3	Approve Allocation of Income		For	For		Mgmt
	4	Elect Directors		For	For		Mgmt
	5	Ratify Auditors		For	For		Mgmt
	6a	Approve 10: 1 Stock Split		For	For		Mgmt
	6b	Amend Articles Re: Autorize the Board		For	For		Mgmt
		to Distribute Extraordinary Dividends
	6c	Amend Articles Re: Reduce the		For	For		Mgmt
		Authorization to the Board to Increase
		the Share Capital to a Nominal Amount
		of DKK 10 Million; Extend Authorization
		to March 1, 2013
	6d	Amend Articles Re: Notice of General		For	For		Mgmt
		Meetings
	6e	Amend Articles Re: Allow Electronic		For	For		Mgmt
		Communication Between Company
		and Shareholders
	6f	Approve Guidelines for Incentive-		For	For		Mgmt
		Based Compensation for Executive
		Management
	6g	Aprove Remuneration of Directors		For	For		Mgmt
	6h	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Other Business (Non-Voting)		None	None		Mgmt
03/27/08 - A	Bridgestone Corp. *5108*		J04578126			12/31/07		437,000
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JY 13
	2	Elect Directors		For	For		Mgmt
	3.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.2	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.3	Appoint Internal Statutory Auditor		For	For		Mgmt
	4	Appoint Alternate Internal Statutory		For	For		Mgmt
		Auditor
	5	Approve Retirement Bonuses for		For	For		Mgmt
		Directors and Statutory Auditor
	6	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors
	7	Approve Stock Option Plan for		For	For		Mgmt
		Directors
03/27/08 - A	Companhia de Concessoes		P1413U105			None		9
	Rodoviarias
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for Fiscal Year
		Ended Dec. 31, 2007
	2	Approve Capital Budget for Fiscal 2008		For	For		Mgmt
	3	Approve Allocation of Income and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 104

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Dividends
	4	Fix Number of Directors		For	For		Mgmt
	5	Elect Directors		For	For		Mgmt
	6	Approve Remuneration of Executive		For	For		Mgmt
		Officers and Non-Executive Directors
	7	Elect Fiscal Council Members		For	For		Mgmt
03/28/08 - A	Fiat Spa		T4210N122			03/26/08		360,618
		Annual Meeting Agenda
	1	Approve Financial Statements and		For			Mgmt
		Allocation of Income
	2	Ratify Appointment of One Director		For			Mgmt
	3	Authorize Share Repurchase Program		For			Mgmt
		and Modalities for Their Disposition
	4	Approve Incentive Plan Pursuant to		For			Mgmt
		Art. 114 of the Italian Legislative
		Decree n. 58/1998
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
03/28/08 - A	Korea Exchange Bank		Y48585106			12/31/07		137,020
	1	Approve Appropriation of Income and		For	For		Mgmt
		Dividend of KRW 700 per Share
	2	Amend Articles of Incorporation		For	For		Mgmt
		Regarding Quarterly Dividends
	3	Elect One Inside Director and Two		For	For		Mgmt
		Outside Directors (Bundled)
	4	Elect Kim Jeong-Soo as Member of		For	For		Mgmt
		Audit Committee
	5	Approve Stock Options Previously		For	For		Mgmt
		Granted by Board
03/28/08 - A	NHN Corp.		Y6347M103			12/31/07		5,085
	1	Approve Financial Statements		For	For		Mgmt
	2	Elect Four Inside Directors (Bundled)		For	For		Mgmt
	3	Approve Remuneration of Executive		For	For		Mgmt
		Directors and Independent Non-
		Executive Directors
03/28/08 - A	SAMSUNG CARD CO LTD		Y7T70U105			12/31/07		15,952
	1	Approve Appropriation of Income and		For	For		Mgmt
		Dividend of KRW 1000 per Share
	2	Amend Articles of Incorporation to		For	For		Mgmt
		Expand Business Objectives
Mgmt Rec - Company Management Recommended Vote								Page 105

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Elect One Inside Directors and Two		For	For		Mgmt
		Outside Directors (Bundled)
	4	Elect One Outside Director Who Will		For	For		Mgmt
		Also Be Member of Audit Committee
	5	Approve Remuneration of Executive		For	For		Mgmt
		Directors and Independent Non-
		Executive Directors
03/28/08 - A	Samsung Electronics Co. Ltd. Y74718100					12/31/07		8,467
	1	Approve Appropriation of Income and		For	For		Mgmt
		Year-End Dividends of KRW 7,500 per
		Common Share
	2	Approve Remuneration of Executive		For	For		Mgmt
		(Inside) Directors and Independent
		Non-Executive (Outside) Directors
03/28/08 - A	Turkiye Is Bankasi AS		M8933F115			None		194,299
		Annual Meeting Agenda
	1	Open Meeting, Elect Presiding Council,		For			Mgmt
		and Provide Authorization to Sign
		Meeting Minutes
	2	Receive Statutory Reports		None			Mgmt
	3	Approve Financial Statements and		For			Mgmt
		Discharge Directors and Internal
		Auditors
	4	Approve Dividends		For			Mgmt
	5	Receive Information on External		None			Mgmt
		Auditors
	6	Elect Directors		For			Mgmt
	7	Approve Director Remuneration		For			Mgmt
	8	Appoint Internal Statutory Auditors		For			Mgmt
	9	Approve Internal Auditor Remuneration		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
03/31/08 - A	Banco Espirito Santo SA		X0346X153			None		278,454
	(frm. Banco Espirito Santo e
	C)
	1	Accept Individual Financial Statements		For			Mgmt
		and Statutory Reports for Fiscal 2007
	2	Accept Consolidated Financial		For			Mgmt
		Statements and Statutory Reports for
		Fiscal 2007
	3	Approve Allocation of Income and		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 106

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Dividends
	4	Approve Discharge of Management		For			Mgmt
		and Oversight Bodies
	5	Authorize Share Repurchase Program		For			Mgmt
		and Cancellation of Repurchased
		Shares
	6	Approve Variable Remuneration Plan		For			Mgmt
	7	Approve Remuneration Report Issued		For			Mgmt
		by Remuneration Committee
	8	Elect Corporate Bodies for the 2008-		For			Mgmt
		2011 Term
	9	Appoint Internal Statutory Auditors for		For			Mgmt
		the 2008-2011 Term
	10	Elect Remuneration Committee for the		For			Mgmt
		2008-2011 Term
	11	Amend Shareholder's Meeting		For			Mgmt
		Guidelines
	12	Approve Maintenance of the		For			Mgmt
		Relationship between the Company
		and its Wholly-Owned Subsidiaries
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/02/08 - A	Vestas Wind System AS		K9773J128			None		79,100
	1	Receive Report of Board (Non-Voting)		None	None		Mgmt
	2	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Omission of Dividends
	4	Elect Directors		For	For		Mgmt
	5	Ratify Pwc and KPMG as Auditors		For	For		Mgmt
	6	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Other Business (Non-Voting)		None	None		Mgmt
04/03/08 - A	Alpha Bank AE (formerly		X1687N119			None		350,314
	Alpha Credit Bank )
		Annual Meeting Agenda
	1	Approve Financial Statements and		For			Mgmt
		Allocation of Income
	2	Approve Discharge of Board and		For			Mgmt
		Auditors
	3	Approve Auditors and Fix Their		For			Mgmt
		Remuneration
	4	Authorize Share Repurchase Program		For			Mgmt
	5	Amend Articles to Reflect Changes in		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 107

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Capital
	6	Approve Capitalization of Reserves		For			Mgmt
		and Change In Par Value
	7	Amend Company Articles		For			Mgmt
	8	Approve Director Remuneration		For			Mgmt
	9	Designate Independent Board		For			Mgmt
		Members
	10	Elect Director		For			Mgmt
	11	Grant Permission for Board Members		For			Mgmt
		to Be Involved in Companies with
		Similar Corporate Purpose
	12	Approve Electronic Information		For			Mgmt
		Transfers
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/03/08 - A	Investor AB		W48102128			03/28/08		291,000
	1	Elect Jacob Wallenberg as Chairman		For	For		Mgmt
		of Meeting
	2	Prepare and Approve List of		For	For		Mgmt
		Shareholders
	3	Approve Agenda of Meeting		For	For		Mgmt
	4	Designate Two Inspectors of Minutes		For	For		Mgmt
		of Meeting
	5	Acknowledge Proper Convening of		For	For		Mgmt
		Meeting
	6	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports
	7	Receive President's Report		None	None		Mgmt
	8	Receive Report on the Work of the		None	None		Mgmt
		Board and Its Committees
	9	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	10	Approve Discharge of Board and		For	For		Mgmt
		President
	11	Approve Allocation of Income and		For	For		Mgmt
		Dividends of 4.75 SEK per Share
	12	Determine Number of Members (10)		For	For		Mgmt
		and Deputy Members (0) of Board
	13	Approve Remuneration of Directors in		For	For		Mgmt
		the Aggregate Amount of SEK 6.9
		Million; Approve Remuneration of
		Auditors
	14	Reelect Sune Carlsson, Boerje		For	For		Mgmt
		Ekholm, Sirkka Haemaelaeinen,
		Haakan Mogren, Grace Reksten
		Skaugen, Anders Scharp, O. Griffith
Mgmt Rec - Company Management Recommended Vote								Page 108

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Sexton, Lena Treschow Torell, Jacob
		Wallenberg (Chairman), and Peter
		Wallenberg Jr.as Directors
	15a	Approve Remuneration Policy And		For	For		Mgmt
		Other Terms of Employment For
		Executive Management
	15b	Approve Long-Term Incentive		For	For		Mgmt
		Programs (Share Matching Plan and
		Performance-Based Share Program)
	16	Authorize Repurchase of up to 10		For	For		Mgmt
		Percent of Issued Share Capital and
		Reissuance of Repurchased Shares for
		General Purposes and for Long-Term
		Incentive Program
	17	Authorize Chairman of Board and		For	For		Mgmt
		Representatives of Four of Company's
		Largest Shareholders to Serve on
		Nominating Committee
	18	Close Meeting		None	None		Mgmt
04/03/08 - A	Nokian Tyres		X5862L103			03/20/08		111,199
		Matters Pertaining to the AGM as
		Stated in the Company's Articles of
		Association (Items 1.1-1.9)
	1.1	Receive Financial Statements and		None			Mgmt
		Statutory Reports
	1.2	Receive Auditor's Report		None			Mgmt
	1.3	Accept Consolidated Financial		For			Mgmt
		Statements and Statutory Reports
	1.4	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 0.50 per Share
	1.5	Approve Discharge of Board and		For			Mgmt
		Managing Director
	1.6	Approve Remuneration of Directors		For			Mgmt
		and Auditors
	1.7	Fix Number of Directors at Seven; Fix		For			Mgmt
		Number of Auditors
	1.8	Reelect Kim Gran, Hille Korhonen,		For			Mgmt
		Hannu Penttilae, Koki Takahashi,
		Aleksey Vlasov, and Petteri Wallden as
		Directors; Elect Kai Oeistaemoe as
		New Director
	1.9	Ratify KPMG Oy Ab as Auditors		For			Mgmt
	2	Amend Articles of Association		For			Mgmt

Not voted due to shareblocking restriction. The
potential impact on trading/loan share activities
would outweigh the economic value of the vote.

Mgmt Rec - Company Management Recommended Vote

Page 109

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/03/08 - A	PT Bank Danamon Indonesia		Y71188190			03/18/08	1,056,500
	Tbk
	1.1	Accept Annual Report		For	For		Mgmt
	1.2	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	1.3	Accept Commissioners' Report		For	For		Mgmt
	2	Approve Allocation of Income		For	For		Mgmt
	3	Elect Directors and Commissioners		For	For		Mgmt
	4	Approve Remuneration of		For	For		Mgmt
		Commissioners
	5.1	Approve Remuneration of Directors		For	For		Mgmt
	5.2	Approve Delegation of Duties of		For	For		Mgmt
		Directors
	6	Approve Auditors and Authorize Board		For	For		Mgmt
		to Fix Their Remuneration
	7	Approve Audit Committee's Report		For	For		Mgmt
04/03/08 - S	PT Bank Danamon Indonesia		Y71188190			03/18/08	1,056,500
	Tbk
	1	Amend Articles of Association		For	For		Mgmt
	2	Approve Remuneration of Directors		For	For		Mgmt
		and Commissioners
04/03/08 - A	Siam Commercial Bank PCL		Y7905M113			03/13/08		780,600
	1	Approve Minutes of Previous AGM		For	For		Mgmt
	2	Accept 2007 Annual Report		For	For		Mgmt
	3	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	4	Approve Allocation of Income and		For	For		Mgmt
		Payment of Dividend of THB 2.00 Per
		Share
	5	Approve Remuneration and Bonus of		For	For		Mgmt
		Directors
	6	Elect Directors		For	Split		Mgmt
	6.1	Reelect Chirayu Isarangkun Na
		Ayuthaya as Director --- For
	6.2	Reelect Khunying Jada
		Wattanasiritham as Director --- For
	6.3	Reelect M.R. Disnadda Diskul as
		Director --- For
	6.4	Reelect John William Hancock as
		Director --- For
	6.5	Reelect Peter Seah Lim Huat as
		Director --- Against
	7	Approve KPMG Phoomchai Audit as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
Mgmt Rec - Company Management Recommended Vote								Page 110

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Authorize Issuance of Additional		For	For		Mgmt
		Debentures in the Amount of THB 50
		Billion, Aggregating to not exceeding
		THB 150 Billion
	9	Amend Clause 4 of the Memorandum		For	For		Mgmt
		of Association to be in Line with the
		Conversion of Preferred Shares into
		Ordinary Shares in 2007
04/03/08 - A	Turkiye Garanti Bankasi		M4752S106			None		380,668
		Annual Meeting Agenda
	1	Open Meeting and Elect Presiding		For			Mgmt
		Council
	2	Authorize Presiding Council to Sign		For			Mgmt
		Minutes of Meeting
	3	Receive Statutory Reports		None			Mgmt
	4	Approve Financial Statements and		For			Mgmt
		Allocation of Income and Dividends
	5	Approve Discharge of Directors and		For			Mgmt
		Auditors
	6	Approve Remuneration of Directors		For			Mgmt
		and Auditors
	7	Receive Information on Charitable		None			Mgmt
		Donations
	8	Grant Permission for Board Members		For			Mgmt
		to Engage in Commercial Transactions
		with Company and Be Involved in
		Companies with Similar Corporate
		Purpose
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/03/08 - A	Zurich Financial Services AG H9870Y105					None		56,418
	1	Share Re-registration Consent		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/03/08 - A	Zurich Financial Services AG H9870Y105					None		56,418
	1	Accept Financial Statements and		For			Mgmt
		Statutory Reports
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of CHF 15 per Share
	3	Approve Discharge of Board and		For			Mgmt
		Senior Management
Mgmt Rec - Company Management Recommended Vote								Page 111

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Approve CHF 343,250 Reduction in		For			Mgmt
		Share Capital via Cancellation of
		Repurchased Shares; Amend Articles
		to Reflect Changes in Capital
	5	Renew Existing Pool of Capital for		For			Mgmt
		Further Two Years
	6	Amend Articles Re: Group Auditors		For			Mgmt
	7	Elect Directors		For			Mgmt
	7.2	Ratify PricewaterhouseCoopers AG as		For			Mgmt
		Auditors
	7.3	Ratify OBT AG as Special Auditors		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/04/08 - A	Banpu Public Company Ltd.		Y0697Z111			03/17/08		83,800
	1	Approve Minutes of Previous AGM		For	For		Mgmt
	2	Accept Company's 2007 Performance		For	For		Mgmt
	3	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	4	Approve Allocation of Income		For	For		Mgmt
	5.1a	Reelect Montri Mongkolswat as		For	For		Mgmt
		Director
	5.1b	Reelect Rutt Phanijphan as Director		For	For		Mgmt
	5.1c	Reelect Chanin Vongkusolkit as		For	For		Mgmt
		Director
	5.1d	Reelect Metee Auapinyakul Director		For	For		Mgmt
	5	Elect Directors		For	For		Mgmt
	5.3	Approve Remuneration of Directors		For	For		Mgmt
	6	Approve PricwaterhouseCoopers		For	For		Mgmt
		ABAS as Auditors and Authorize Board
		to Fix Their Remuneration
	7	Other Business		For	Against		Mgmt
04/04/08 -	Petroleo Brasileiro		71654V408			03/17/08		126,391
A/S
		Meeting for ADR Holders
	1	MANAGEMENT REPORT AND		For	For		Mgmt
		FINANCIAL STATEMENTS,
		TOGETHER WITH THE AUDIT
		COMMITTEE S REPORT FOR THE
		FISCAL YEAR ENDING ON
		DECEMBER 31, 2007.
	2	2008 FISCAL YEAR CAPITAL		For	For		Mgmt
		BUDGET.
	3	2007 FISCAL YEAR RESULT		For	For		Mgmt
		APPROPRIATION.
Mgmt Rec - Company Management Recommended Vote								Page 112

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	ELECTION OF THE MEMBERS OF		For	For		Mgmt
		THE BOARD OF DIRECTORS.
	5	ELECTION OF THE PRESIDENT OF		For	For		Mgmt
		THE BOARD OF DIRECTORS.
	6	ELECTION OF THE MEMBERS OF		For	For		Mgmt
		THE AUDIT COMMITTEE AND THEIR
		RESPECTIVE SUBSTITUTES.
	7	DETERMINATION OF THE		For	For		Mgmt
		MANAGERS WAGES, INCLUDING
		THEIR PROFIT PARTICIPATION,
		PURSUANT TO ARTICLES 41 AND
		56 OF THE ARTICLES OF
		INCORPORATION, AS WELL AS
		THAT OF THE FULL MEMBERS OF
		THE AUDIT COMMITTEE.
	8	CAPITAL STOCK INCREASE VIA THE		For	For		Mgmt
		INCORPORATION OF PART OF THE
		CAPITAL RESERVES AND OF
		PROFIT RESERVES, FOR A TOTAL
		OF R$26,323 MILLION, INCREASING
		THE CAPITAL STOCK FROM
		R$52,644 MILLION TO R$78,967
		MILLION.
04/04/08 - A	THAI OIL PUBLIC CO LTD		Y8620B119			03/14/08		891,119
	1	Approve Minutes of Previous AGM		For	For		Mgmt
		Dated April 10, 2007
	2	Accept 2007 Operating Results,		For	For		Mgmt
		Financial Statements, and Statutory
		Reports
	3	Approve Final Dividend of THB 2.75		For	For		Mgmt
		Per Share
	4.1a	Reelect Viroj Mavichak as Director		For	For		Mgmt
	4.1b	Elect Chaikasem Nitisiri as Director		For	For		Mgmt
	4.1c	Elect Puangpech Sarakun as Director		For	For		Mgmt
	4.1d	Elect Surapong Nitikripot as Director		For	For		Mgmt
	4.2a	Elect Somnuk Kyavatanakij as		For	For		Mgmt
		Additional Director
	4.2b	Elect Nontigorn Kanchanachitra as		For	For		Mgmt
		Additional Director
	5	Approve Remuneration of Directors for		For	For		Mgmt
		the Year 2008
	6	Approve KPMG Phoomchai Audit Ltd		For	For		Mgmt
		as Auditors and Authorize Board to Fix
		Their Remuneration
	7	Amend Article 16 of the Articles of		For	For		Mgmt
		Association
	8	Other Business		For	Against		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 113

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/07/08 -	GEOX SPA		T50283109			04/03/08		24,591
A/S
		Ordinary Business
	1	Accept Financial Statements,		For			Mgmt
		Consolidated Financial Statements,
		Statutory Reports, and Auditors' Report
		for the Fiscal Year 2007
	2	Approve Stock Option Plan		For			Mgmt
	3	Approve Integration of Remuneration		For			Mgmt
		of Board of Directors
		Special Business
	1	Amend Articles 7 (Issuance of Shares),		For			Mgmt
		16 (Election of Board of Directors), and
		21 (Board of Internal Statutory
		Auditors) of the Company Bylaws
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/08/08 - A	Groupe Bruxelles Lambert		B4746J115			None		61,728
		Annual Meeting
	1	Receive Directors' and Auditors'		None			Mgmt
		Reports (Non-Voting)
	2	Accept Consolidated Financial		For			Mgmt
		Statements and Allocation of Income
	3	Approve Discharge of Directors		For			Mgmt
	4	Approve Discharge of Auditors		For			Mgmt
	5ai	Reelect Paul Desmarais as Director		For			Mgmt
	5aii	Reelect Paul Desmarais jr as Director		For			Mgmt
	5aiii	Reelect Albert Frere as Director		For			Mgmt
	5aiv	Reelect Gerald Frere as Director		For			Mgmt
	5av	Elect Gilles Samyn as Director		For			Mgmt
	5b	Representation of Auditor		None			Mgmt
	6	Authorize Repurchase of Up to Ten		For			Mgmt
		Percent of Issued Share Capital
	7	Amend Stock Option Plan		For			Mgmt
	8	Transact Other Business		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/08/08 - A	PACIFIC BASIN SHIPPING		G68437139			04/02/08		721,828
	LIMITED
	1	Accept Financial Statements and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 114

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statutory Reports
	2	Approve Final Dividend		For	For		Mgmt
	3a	Reelect Richard M. Hext as Executive		For	For		Mgmt
		Director
	3b	Reelect Wang Chunlin as Executive		For	For		Mgmt
		Director
	3c	Reelect Dr. Lee Kwok Yin, Simon as		For	For		Mgmt
		Non-Executive Director
	3d	Reelect David M. Turnbull as		For	For		Mgmt
		Independent Non-Executive Director
	3e	Reelect Alasdair G. Morrison as		For	For		Mgmt
		Independent Non-Executive Director
	3f	Authorize Board to Fix the		For	For		Mgmt
		Remuneration of Directors
	4	Reappoint PricewaterhouseCoopers,		For	For		Mgmt
		Certified Public Accountants, as
		Auditors and Authorize Board to Fix
		Their Remuneration
	5	Approve Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights
	6	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Approve Issuance of Shares under the		For	Against		Mgmt
		Long Term Incentive Scheme
04/08/08 - A	Vastned Retail NV		N91784103			04/03/08		9,518
		Annual Meeting
	1	Open Meeting and Announcements		None			Mgmt
	2	Discuss Minutes of Previous Meeting		None			Mgmt
	3	Receive Report of Management Board		None			Mgmt
		(Non-Voting)
	4	Approve Financial Statements and		For			Mgmt
		Statutory Reports of Fiscal Year 2007
	5	Receive Information on Existing Offer		None			Mgmt
	6	Receive Explanation on Company's		None			Mgmt
		Reserves and Dividend Policy
	7	Approve Dividends of EUR 3.85 Per		For			Mgmt
		Share
	8a	Approve Discharge of R.A. van		For			Mgmt
		Gerrevink from the Management Board
	8b	Approve Discharge of T.M. de Witte		For			Mgmt
		from the Management Board
	8c	Approve Discharge of J. Pars from the		For			Mgmt
		Management Board
	9a	Approve Discharge of W.J. Kolff from		For			Mgmt
		the Supervisory Board
	9b	Approve Discharge of N.J. Westdijk		For			Mgmt
		from the Supervisory Board
Mgmt Rec - Company Management Recommended Vote								Page 115

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	9c	Approve Discharge of P.M. Verboom		For			Mgmt
		from the Supervisory Board
	9d	Approve Discharge of J.B.J.M. Hunfeld		For			Mgmt
		from the Supervisory Board
	10	Receive Explanation on Remuneration		None			Mgmt
		Report for 2007
	11	Approve Remuneration Report		For			Mgmt
		Containing Remuneration Policy for
		Management Board Members
	12	Reelect P.M. Verboom to Supervisory		For			Mgmt
		Board
	13	Allow Questions		None			Mgmt
	14	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/09/08 - A	Daimler AG		D1668R123			None		21,361
		Management Proposals
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 2 per Share
	3	Approve Discharge of Management		For			Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For			Mgmt
		Board for Fiscal 2007
	5	Ratify KPMG Deutsche Treuhand-		For			Mgmt
		Gesellschaft AG as Auditors for Fiscal
		2008
	6	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Authorize Use of Financial Derivatives		For			Mgmt
		of up to 5 percent of Issued Share
		Capital When Repurchasing Shares
	8	Elect Supervisory Board Member		For			Mgmt
	9	Approve Remuneration of Supervisory		For			Mgmt
		Board
	10	Approve Creation of EUR 500 Million		For			Mgmt
		Pool of Capital with Preemptive Rights
	11	Approve Creation of EUR 500 Million		For			Mgmt
		Pool of Capital without Preemptive
		Rights
		Shareholder Proposals Submitted
		by Ekkehard Wenger and Leonhard
		Knoll
Mgmt Rec - Company Management Recommended Vote								Page 116

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	12	Authorize Special Audit Re: Alleged		Against			ShrHoldr
		Mismanagement of 2007 Share
		Repurchase Program; Appoint Nicola
		Monissen as Special Auditor
	13	Authorize Special Audit Re: Alleged		Against			ShrHoldr
		Waste of Company Resources in
		Connection with Renaming of
		Company; Appoint Nicola Monissen as
		Special Auditor
	14	Amend Articles Re: Outside Board		Against			ShrHoldr
		Memberships of Supervisory Board
		Members
	15	Amend Articles Re: Separate Counting		Against			ShrHoldr
		of Proxy Votes at General Meetings
	16	Amend Articles Re: Written Protocol for		Against			ShrHoldr
		General Meetings
	17	Authorize Special Audit Re:		Against			ShrHoldr
		Conversion Ratio for Merger between
		Daimler-Benz AG and Chrysler
		Corporation; Appoint Nicola Monissen
		as Special Auditor
	18	Authorize Special Audit Re: Spring		Against			ShrHoldr
		2003 Stock Option Grants; Appoint
		Nicola Monissen as Special Auditor
	19	Authorize Special Audit Re:		Against			ShrHoldr
		Statements Made by Former CEO
		Juergen Schrempp in Connection with
		U.S. Class Action Lawsuit; Appoint
		Nicola Monissen as Special Auditor
	20	Authorize Special Audit Re: Knowledge		Against			ShrHoldr
		of Management and Supervisory
		Boards Re: U.S. Securites and
		Exchange Commission and
		Department of Justice Investigations;
		Appoint Nicola Monissen as Special
		Auditor
	21	Authorize Special Audit Re: Alleged		Against			ShrHoldr
		Connections between Management
		and Supervisory Boards and Prison
		Sentence of Gerhard Schweinle;
		Appoint Nicola Monissen as Special
		Auditor
	22	Authorize Special Audit Re:		Against			ShrHoldr
		Supervisory Board Monitoring of
		Former CEO Juergen Schrempp;
		Appoint Nicola Monissen as Special
		Auditor
	23	Appoint Representative to Enforce		Against			ShrHoldr
		Compensation Claims Against Current
		and Former Supervisory Board
		Members Relating to Former CEO
Mgmt Rec - Company Management Recommended Vote								Page 117

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

Juergen Schrempp
Not voted due to shareblocking restriction. The
potential impact on trading/loan share activities
would outweigh the economic value of the vote.

04/10/08 - A	Nestle SA		H57312466		None		77,034
	1	Share Re-registration Consent		For		Mgmt

Not voted due to shareblocking restriction. The
potential impact on trading/loan share activities
would outweigh the economic value of the vote.

04/10/08 - A	Nestle SA		H57312466			None		81,021
	1	Accept Financial Statements and		For			Mgmt
		Statutory Reports
	2	Approve Discharge of Board and		For			Mgmt
		Senior Management
	3	Approve Allocation of Income and		For			Mgmt
		Dividends of CHF 12.20 per Share
	4	Elect Directors		For			Mgmt
	4.3	Ratify KPMG SA as Auditors		For			Mgmt
	5.1	Approve CHF 10.1 Million Reduction in		For			Mgmt
		Share Capital via Cancellation of 10.1
		Million Repurchased Shares
	5.2	Approve 1:10 Stock Split		For			Mgmt
	5.3	Amend Articles to Reflect Changes in		For			Mgmt
		Capital; Amend Articles Re: Stock Split
	6	Adopt New Articles of Association		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/10/08 - A	PTT Chemical Public Co. Ltd. Y7135Z116					03/21/08		241,300
	( formerly National
	Petrochemic
	1	Approve Minutes of Previous AGM		For	For		Mgmt
	2	Accept 2007 Operating Results and		For	For		Mgmt
		Recommendation for the Business
		Plan
	3	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	4	Approve Allocation of Income and		For	For		Mgmt
		Payment of Final Dividend of THB 4.00
		Per Share
	5	Elect Directors		For	Split		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 118

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5.1	Reelect Prasert Bunsumpun as
		Director --- For
	5.2	Elect Witoon Simachokedee as
		Director --- For
	5.3	Reelect Paibulya Punyavutti as
		Director --- For
	5.4	Reelect Prajya Phinyawat as Director --
		- For
	5.5	Reelect Roongrote Rangsiyopash as
		Director --- Against
	6	Approve Remuneration of Directors		For	For		Mgmt
	7	Approve KPMG Phoomchai Tax &		For	For		Mgmt
		Legal Ltd as Auditors and Authorize
		Board to Fix Their Remuneration
	8	Other Business		For	Against		Mgmt
04/11/08 - A	Actelion Ltd.		H0032X135			None		90,975
	1	Share Re-registration Consent		For			Mgmt

		Not voted due to shareblocking restriction.			The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/11/08 - A	Actelion Ltd.		H0032X135			None		90,975
	1	Amend Articles Re: Allow Electronic		For			Mgmt
		Voting
	2	Accept Financial Statements and		For			Mgmt
		Statutory Reports
	3	Approve Allocation of Income and		For			Mgmt
		Omission of Dividends
	4	Approve Discharge of Board and		For			Mgmt
		Senior Management
	5	Elect Directors		For			Mgmt
	6	Ratify Ernst & Young AG as Auditors		For			Mgmt
		Not voted due to shareblocking restriction.			The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/11/08 - A	Bangkok Bank Public Co. Ltd Y0606R119					03/24/08		483,700
	1	Approve Minutes of Previous AGM		For	For		Mgmt
	2	Accept 2007 Operating Report		For	For		Mgmt
	3	Acknowledge Audit Committee's		For	For		Mgmt
		Report
	4	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	5	Approve Allocation of Income and		For	For		Mgmt
		Payment of Dividends of THB 3.0 Per
Mgmt Rec - Company Management Recommended Vote								Page 119

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Share
	6	Elect Directors		For	For		Mgmt
	7	Approve Remuneration of Directors		For	For		Mgmt
	8	Approve Deloitte Touche Tohmatsu		For	For		Mgmt
		Jaiyos Audit Co as Auditors and
		Authorize Board to Fix Their
		Remuneration
	9	Other Business		For	Against		Mgmt
04/15/08 - A	Anglo American plc		G03764134			None		312,350
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of USD 0.86		For	For		Mgmt
		Per Ordinary Share
	3	Elect Sir CK Chow as Director		For	For		Mgmt
	4	Re-elect Chris Fay as Director		For	For		Mgmt
	5	Re-elect Sir Rob Margetts as Director		For	For		Mgmt
	6	Re-elect Rene Medori as Director		For	For		Mgmt
	7	Re-elect Karel Van Miert as Director		For	For		Mgmt
	8	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors of the Company
	9	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	10	Approve Remuneration Report		For	For		Mgmt
	11	Approve Anglo American Sharesave		For	For		Mgmt
		Option Plan
	12	Approve Anglo American Discretionary		For	For		Mgmt
		Option Plan
	13	Amend Anglo American Share		For	For		Mgmt
		Incentive Plan
	14	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 72,500,000
	15	Subject to the Passing of Resolution		For	For		Mgmt
		14, Authorise Issue of Equity or Equity-
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 36,000,000
	16	Authorise 198,000,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	17	Adopt New Articles of Association With		For	For		Mgmt
		Effect at End of the AGM; Amend
		Articles of Association With Effect from
		00:01 a.m. on 1 October 2008, or Any
		Later Date on Which Section 175 of the
		Companies Act 2006 Comes Into
		Effect, Re: Conflicts of Interests
Mgmt Rec - Company Management Recommended Vote								Page 120

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/15/08 - A	Bucher Industries AG		H10914176			None		4,146
	(Formerly Bucher Holdings
	AG)
	1	Share Re-registration Consent		For			Mgmt
		Not voted due to shareblocking restriction.			The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/15/08 - A	Bucher Industries AG		H10914176			None		4,146
	(Formerly Bucher Holdings
	AG)
	1	Accept Financial Statements and		For			Mgmt
		Statutory Reports
	2	Approve Discharge of Board and		For			Mgmt
		Senior Management
	3	Approve Allocation of Income and		For			Mgmt
		Dividends of CHF 5 per Share
	4a	Reelect Ernst Baertschi as Director		For			Mgmt
	4b	Reelect Thomas Hauser as Director		For			Mgmt
	4c	Reelect Erwin Stoller as Director		For			Mgmt
	5	Ratify PricewaterhouseCoopers AG as		For			Mgmt
		Auditors
		Not voted due to shareblocking restriction.			The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/15/08 - A	Julius Baer Holding AG		H4407G263			None		93,070
	(formerly Baer Holdings)
	1	Share Re-registration Consent		For			Mgmt
		Not voted due to shareblocking restriction.			The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/15/08 - A	Julius Baer Holding AG		H4407G263			None		93,070
	(formerly Baer Holdings)
	1	Accept Financial Statements and		For			Mgmt
		Statutory Reports
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of CHF 0.50 per Share
	3	Approve Discharge of Board and		For			Mgmt
		Senior Management
	4	Reelect Peter Kuepfer and Charles		For			Mgmt
		Stonehill as Directors
	5	Ratify KPMG Ltd. as Auditors		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 121

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6	Approve CHF 611,111 Reduction in		For			Mgmt
		Share Capital via Cancellation of 12.2
		Million Repurchased Shares
	7	Authorize Share Repurchase Program		For			Mgmt
		and Cancellation of Repurchased
		Shares
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/15/08 - A	Koninklijke KPN N.V.		N4297B146			03/17/08		566,111
	1	Open Meeting and Receive		None			Mgmt
		Announcements
	2	Receive Report of Management Board		None			Mgmt
		(Non-Voting)
	3	Approve Financial Statements and		For			Mgmt
		Statutory Reports
	4	Receive Explanation on Company's		None			Mgmt
		Reserves and Dividend Policy
	5	Approve Dividends of EUR 0.54 Per		For			Mgmt
		Share
	6	Approve Discharge of Management		For			Mgmt
		Board
	7	Approve Discharge of Supervisory		For			Mgmt
		Board
	8	Ratify PricewaterhouseCoopers		For			Mgmt
		Accountants NV as Auditors
	9	Amend Long-Term Incentive Plan		For			Mgmt
	10	Approve Remuneration of Supervisory		For			Mgmt
		Board
	11	Announce Vacancies on Supervisory		None			Mgmt
		Board Arising in 2009
	12	Authorize Repurchase of Up to Ten		For			Mgmt
		Percent of Issued Share Capital
	13	Approve Reduction in Issued Share		For			Mgmt
		Capital by Cancellation of Shares
	14	Allow Questions and Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/15/08 - A	Nutreco Holdings NV		N6508Y120			03/25/08		27,192
		Annual Meeting
	1	Open Meeting		None			Mgmt
	2	Receive Report of Supervisory Board,		None			Mgmt
		Audit Committee and Remuneration
Mgmt Rec - Company Management Recommended Vote								Page 122

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Committee (Non-Voting)
	3	Receive Report of Management Board		None			Mgmt
		(Non-Voting)
	4.1	Approve Financial Statements and		For			Mgmt
		Statutory Reports
	4.2	Approve Dividends of EUR 1.64 Per		For			Mgmt
		Share
	5	Discussion on Company's Corporate		None			Mgmt
		Governance Structure
	6.1	Approve Discharge of Management		For			Mgmt
		Board
	6.2	Approve Discharge of Supervisory		For			Mgmt
		Board
	7.1	Receive Information on Vesting of the		None			Mgmt
		Performance Shares Granted in 2006
	7.2	Approve Introduction of New Salary		For			Mgmt
		Peer Group
	8	Ratify KPMG Accountants as Auditors		For			Mgmt
	9	Approve Preparation of Regulated		For			Mgmt
		Information in the English Language
	10.1	Grant Board Authority to Issue		For			Mgmt
		Ordinary Shares Up To 10 Percent of
		Issued Capital Plus Additional 10
		Percent in Case of Takeover/Merger
		and, and to Issue All Cumulative
		Preference Shares
	10.2	Authorize Board to Exclude Preemptive		For			Mgmt
		Rights from Issuance under Item 10.1
	11.1	Authorize Repurchase of Up to Ten		For			Mgmt
		Percent of Issued Share Capital
	11.2	Approve Cancellation of Cumulative		For			Mgmt
		Preference A Shares
	12	Allow Questions		None			Mgmt
	13	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/15/08 - A	Sampo Oyj (Formerly Sampo- X75653109					04/04/08		693
	Leonia Insurance Co.
		Matters Pertaining to the AGM as
		Stated in the Company's Articles of
		Association (Items 1.1-1.9)
	1.1	Receive Financial Statements and		None			Mgmt
		Statutory Reports (Non-Voting)
	1.2	Receive Auditor's Report (Non-Voting)		None			Mgmt
	1.3	Accept Financial Statements and		For			Mgmt
		Statutory Reports
Mgmt Rec - Company Management Recommended Vote								Page 123

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.4	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 1.20 per Share
	1.5	Approve Discharge of Board and		For			Mgmt
		Managing Director
	1.6	Fix Number of Directors at Nine;		For			Mgmt
		Approve Remuneration of Directors
	1.7	Approve Remuneration of Auditor		For			Mgmt
	1.8	Reelect Tom Berglund, Anne Brunila,		For			Mgmt
		Georg Ehrnrooth, Jukka Pekkarinen,
		Christoffer Taxell, Matti Vuoria, and
		Bjoern Wahlroos as Directors; Elect
		Lydur Gudmundsson and Eira Palin-
		Lehtinen as New Directors
	1.9	Ratify Ernst & Young Oy as Auditor		For			Mgmt
	2	Authorize Repurchase of up to 10		For			Mgmt
		Percent of Issued Share Capital
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/16/08 -	Icade		F30198109			04/11/08		10,573
A/S
		Ordinary Business
	1	Approve Financial Statements and		For			Mgmt
		Statutory Reports
	2	Approve Special Auditors' Report		For			Mgmt
		Regarding Related-Party Transactions
	3	Approve Transaction with Serge		For			Mgmt
		Grzybowski
	4	Approve Discharge of Directors		For			Mgmt
	5	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 3.25 per Share
	6	Accept Consolidated Financial		For			Mgmt
		Statements and Statutory Reports
	7	Reelect Christian Bouvier as Director		For			Mgmt
	8	Reelect Thierry Gaubert as Director		For			Mgmt
	9	Reelect Dominique Marcel as Director		For			Mgmt
	10	Approve Remuneration of Directors in		For			Mgmt
		the Aggregate Amount of EUR 300,000
		Special Business
	11	Amend Terms of Bonds Redeemable		For			Mgmt
		in Shares (ORA)
	12	Amend Terms of Bonds Redeemable		For			Mgmt
		in Shares (ORA)
	13	Amend Terms of Bonds Redeemable		For			Mgmt
		in Shares (ORA)
	14	Amend Terms of Bonds Redeemable		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 124

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		in Shares (ORA)
	15	Amend Terms of Bonds Redeemable		For			Mgmt
		in Shares (ORA)
	16	Amend Terms of Bonds Redeemable		For			Mgmt
		in Shares (ORA)
	17	Amend Terms of Bonds Redeemable		For			Mgmt
		in Shares (ORA)
	18	Amend Terms of Bonds Redeemable		For			Mgmt
		in Shares (ORA)
	19	Authorize Filing of Required		For			Mgmt
		Documents and Other Formalities
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/17/08 - A	BP plc		G12793108			None	1,127,321
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Abstain		Mgmt
	3	Re-elect Antony Burgmans as Director		For	For		Mgmt
	4	Elect Cynthia Carroll as Director		For	For		Mgmt
	5	Re-elect Sir Wiliam Castell as Director		For	For		Mgmt
	6	Re-elect Iain Conn as Director		For	For		Mgmt
	7	Elect George David as Director		For	For		Mgmt
	8	Re-elect Erroll Davis as Director		For	For		Mgmt
	9	Re-elect Douglas Flint as Director		For	For		Mgmt
	10	Re-elect Dr Byron Grote as Director		For	For		Mgmt
	11	Re-elect Dr Tony Hayward as Director		For	For		Mgmt
	12	Re-elect Andy Inglis as Director		For	For		Mgmt
	13	Re-elect Dr DeAnne Julius as Director		For	For		Mgmt
	14	Re-elect Sir Tom McKillop as Director		For	For		Mgmt
	15	Re-elect Sir Ian Prosser as Director		For	For		Mgmt
	16	Re-elect Peter Sutherland as Director		For	For		Mgmt
	17	Reappoint Ernst & Young LLP as		For	For		Mgmt
		Auditors and Authorise Board to Fix
		Their Remuneration
	18	Adopt New Articles of Association		For	For		Mgmt
	19	Authorise 1,900,000,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	20	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 1,586,000,000
	21	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 238,000,000

Mgmt Rec - Company Management Recommended Vote

Page 125

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/17/08 - A	Muenchener		D55535104			None		8,653
	Rueckversicherungs-
	Gesellschaft AG
	1a	Receive Supervisory Board, Corporate		None			Mgmt
		Governance, and Remuneration
		Reports for Fiscal 2007 (Non-Voting)
	1b	Receive Financial Statements and		None			Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 5.50 per Share
	3	Approve Discharge of Management		For			Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For			Mgmt
		Board for Fiscal 2007
	5	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	6	Authorize Use of Financial Derivatives		For			Mgmt
		of up to 5 Percent of Issued Share
		Capital When Repurchasing Shares
	7	Approve Remuneration of Supervisory		For			Mgmt
		Board
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/17/08 - A	National Bank of Greece		X56533114			None		253,951
		Annual Meeting Agenda
	1	Accept Statutory Reports		For			Mgmt
	2	Approve Financial Statements and		For			Mgmt
		Allocation of Income
	3	Approve Discharge of Board and		For			Mgmt
		Auditors
	4	Approve Director Remuneration		For			Mgmt
	5	Grant Permission for Board Members		For			Mgmt
		to Engage in Commercial Transactions
		with Company and Be Involved in
		Companies with Similar Corporate
		Purpose
	6	Approve Auditors and Fix Their		For			Mgmt
		Remuneration
	7	Amend Company Articles		For			Mgmt
	8	Authorize Share Repurchase Program		For			Mgmt
	9	Authorize Issuance of Bonds		For			Mgmt
	10	Approve Share Capital Increase		For			Mgmt
		through Dividend Reinvestment
Mgmt Rec - Company Management Recommended Vote								Page 126

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	11	Approve Share Capital Increase		For			Mgmt
	12	Authorize Preference Share Issuance		For			Mgmt
		without Preemptive Rights
	13	Other Business		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/17/08 - A	Oversea-Chinese Banking		Y64248209			None	1,991,000
	Corp. Ltd.
	1	Adopt Financial Statements and		For	For		Mgmt
		Directors' and Auditors' Reports
	2a1	Reelect Lee Seng Wee as Director		For	For		Mgmt
	2a2	Reelect Patrick Yeoh Khwai Hoh as		For	For		Mgmt
		Director
	2b1	Reelect Cheong Choong Kong as		For	For		Mgmt
		Director
	2b2	Reelect Lee Tih Shih as Director		For	For		Mgmt
	2b3	Reelect Neo Boon Siong as Director		For	For		Mgmt
	2b4	Reelect Wong Nang Jang as Director		For	For		Mgmt
	3	Declare Final Dividend of SGD 0.14		For	For		Mgmt
		Per Share
	4a	Approve Directors' Fees of SGD 1.7		For	For		Mgmt
		Million for the Year Ended Dec. 31,
		2007 (2006: SGD 1.0 Million)
	4b	Approve Allotment and Issuance of		For	For		Mgmt
		4,800 Ordinary Shares in the Capital of
		the Bank (2006: 4,800 Ordinary
		Shares) for Each of its Non-Executive
		Director
	5	Appoint Auditors and Fix Their		For	For		Mgmt
		Remuneration
	6a	Approve Issuance of Shares without		For	For		Mgmt
		Preemptive Rights
	6b	Approve Issuance of Shares, Grant of		For	For		Mgmt
		Options and Rights to Subscribe for
		Ordinary Shares Pursuant to the
		OCBC Share Option Scheme 2001 and
		OCBC Employee Share Purchase Plan
	6c	Approve Allotment and Issuance of		For	Against		Mgmt
		Preference Shares or Non-Voting
		Shares in the Capital of the Bank
		Whether by Way of Rights, Bonus, or
		Otherwise

Mgmt Rec - Company Management Recommended Vote

Page 127

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/17/08 - S	Oversea-Chinese Banking		Y64248209			None	1,991,000
	Corp. Ltd.
	1	Authorize Share Repurchase Program		For	For		Mgmt
	2	Amend OCBC Employee Share		For	For		Mgmt
		Purchase Plan
04/17/08 - A	Rio Tinto plc		G75754104			None		46,416
		Resolutions 1 to 10 will be Voted on
		by Rio Tinto plc and Rio Tinto
		Limited Shareholders as a Joint
		Electorate
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Elect Richard Evans as Director		For	For		Mgmt
	4	Elect Yves Fortier as Director		For	For		Mgmt
	5	Elect Paul Tellier as Director		For	For		Mgmt
	6	Re-elect Thomas Albanese as Director		For	For		Mgmt
	7	Re-elect Vivienne Cox as Director		For	For		Mgmt
	8	Re-elect Richard Goodmanson as		For	For		Mgmt
		Director
	9	Re-elect Paul Skinner as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors and Authorise the
		Audit Committee to Determine Their
		Remuneration
		Resolutions 11 to 15 will be Voted
		on by Rio Tinto plc Shareholders
		Only
	11	Authorise the Company to Use		For	For		Mgmt
		Electronic Communications
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 35,571,000
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 6,788,000
	14	Authorise Market Purchase by the		For	For		Mgmt
		Company, Rio Tinto Limited and Any of
		Its Subsidiaries of 99,770,000 RTP
		Ordinary Shares; Authorise Off-Market
		Purchase by the Company from Rio
		Tinto Limited and Any of Its
		Subsidiaries of 99,770,000 RTP
		Ordinary Shares
	15	Amend Articles of Association with		For	For		Mgmt
		Effect from 1 October 2008, or Any
Mgmt Rec - Company Management Recommended Vote								Page 128

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Later Date on Which Section 175 of the
		Companies Act 2006 Comes Into
		Effect, Re: Directors' Conflict of Interest
		Resolution 16 will be Voted on by
		Rio Tinto plc and Rio Tinto Limited
		Shareholder Separately
	16	Subject to the Consent in Writing of the		For	For		Mgmt
		Holder of the Special Voting Share,
		Amend Articles of Association Re: DLC
		Dividend Shares
04/17/08 - A	RWE AG		D6629K109			03/27/08		120,061
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 3.15 per Share
	3	Approve Discharge of Management		For			Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For			Mgmt
		Board for Fiscal 2007
	5	Ratify PricewaterhouseCoopers AG as		For			Mgmt
		Auditors for Fiscal 2008
	6.a	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	6.b	Authorize Use of Financial Derivatives		For			Mgmt
		of up to 5 percent of Issued Share
		Capital When Repurchasing Shares
	7	Approve Creation of EUR 288 Million		For			Mgmt
		Pool of Capital without Preemptive
		Rights
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/17/08 - A	Sadia S.A.		P8711W105			None		300,959
		Special Business
	1	Amend Article 21 re: Number of		For	For		Mgmt
		Executive Officer Positions
	2	Ratify Acquisitions of Big Foods		For	For		Mgmt
		Industria de Produtos Alimenticios
		Ltda, and Avicola Industrial Buriti
		Alegre Ltda
		Ordinary Business
	3	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for Fiscal Year
Mgmt Rec - Company Management Recommended Vote								Page 129

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

	Ended Dec. 31, 2007
4	Approve Allocation of Income and Dividends
5	Elect Directors and Determine the Remuneration of Directors, and Executive Officers
6	Elect Fiscal Council Members, and Determine their Remuneration

04/17/08 - A

Telekom Malaysia Berhad

Y8578H118

Ordinary Business

1	Accept Financial Statements and Statutory Reports for the Financial Year Ended Dec. 31, 2007
2	Approve Final Dividend of MYR 0.22 Per Share for the Financial Year Ended Dec. 31, 2007
3	Elect Zalekha Hassan as Director
4	Elect Abdul Rahim Daud as Director
5	Elect Nur Jazlan Tan Sri Mohamed as Director
6	Elect Azman Mokhtar as Director
7	Approve Remuneration of Directors in the Amount of MYR 720,492.91 for the Financial Year Ended Dec. 31, 2007
8	Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration
9	Approve Issuance of Equity or Equity- Linked Securities without Preemptive Rights in Any Amount Up to 10 Percent of Issued Share Capital
10	Approve Implementation of Shareholders' Mandate for Recurrent Related Party Transactions
	Special Business
1	Amend Articles of Association in the Form and Manner as Set Out in Appendix II of the Circular to Shareholders

04/18/08 - D

Lereko Mobility LTD

S4589SAA7

Bondholder Meeting Agenda

1	Amend the Debenture Trust Deed
2	Authorize the Trustee and Secretary to Sign and Act

For	For		Mgmt
For	For		Mgmt
For	For		Mgmt
		None		270,000
For	For		Mgmt
For	For		Mgmt
For	For		Mgmt
For	For		Mgmt
For	For		Mgmt
For	For		Mgmt
For	For		Mgmt
For	For		Mgmt
For	For		Mgmt
For	For		Mgmt
For	For		Mgmt

		None		3,348
For	For		Mgmt
For	For		Mgmt

Mgmt Rec - Company Management Recommended Vote

Page 130

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/18/08 - S	PT Bumi Resources Tbk		Y7122M110			04/02/08	4,531,000
	1	Approve Equity Acquisition in Herald		For	For		Mgmt
		Resources Ltd by Calipso Investment
		Pte Ltd, a Wholly-Owned Subsidiary of
		the Company
	2	Amend Articles of Association		For	For		Mgmt
	3	Authorize Share Repurchase Program		For	Against		Mgmt
	4	Approve Stock Option Plan Grants		For	Against		Mgmt
		Under the MESOP
04/21/08 - A	Beazley Group plc		G0936J100			None		411,642
	1	Approve Remuneration Report		For	For		Mgmt
	2	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	3	Approve Final Dividend of 4 Pence Per		For	For		Mgmt
		Ordinary Share
	4	Approve Special Dividend of 4 Pence		For	For		Mgmt
		Per Ordinary Share
	5	Re-elect Dudley Fishburn as Director		For	For		Mgmt
	6	Re-elect Andrew Beazley as Director		For	For		Mgmt
	7	Re-elect Nicholas Furlonge as Director		For	For		Mgmt
	8	Re-elect Neil Maidment as Director		For	For		Mgmt
	9	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		of the Company
	10	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	11	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 4,500,000
	12	Subject to the Passing of Resolution		For	For		Mgmt
		11, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 900,000
	13	Authorise 36,000,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	14	Adopt New Articles of Association		For	For		Mgmt
04/21/08 - S	Simcorp A/S		K8851Q111			None		822
	1a	Approve 10: 1 Stock Split		For	For		Mgmt
	1b	Approve to Create DKK 10 Million Pool		For	For		Mgmt
		of Capital without Preemptive Right
	1c	Amend Articles to Meet New Statutory		For	For		Mgmt
		Requirements
	1d	Amend Articles Re:Allow use of		For	For		Mgmt
		Electronic Communication Between
		Company and Shareholders
Mgmt Rec - Company Management Recommended Vote								Page 131

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Other Business (Non-Voting)		None	None		Mgmt
04/21/08 - A	Telefonica S.A. (Formerly		879382109			None		965,371
	Telefonica De Espana, S.A.)
	1	Approve Individual and Consolidated		For	For		Mgmt
		Financial Statements, Allocation of
		Income, and Discharge Directors
	2	Elect Directors		For	For		Mgmt
	3	Authorize Repurchase of Shares		For	For		Mgmt
	4	Approve Reduction in Capital via the		For	For		Mgmt
		Cancellation of Treasury Shares;
		Amend Articles Accordingly
	5	Ratify Auditors for 2008		For	For		Mgmt
	6	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
04/22/08 -	EnCana Corporation *ECA*		292505104			03/03/08		310,398
A/S
	1	Elect Directors		For	For		Mgmt
	2	Approve PricewaterhouseCoopers as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
	3	Amend Stock Option Plan		For	For		Mgmt
	4	Report on Establishing a Strategy for		Against	Against		ShrHoldr
		Incorporating Costs of Carbon into
		Long-Term Planning
04/22/08 - A	Jinhui Shipping and		G5137R108			04/15/08		62,713
	Transportation Limited
	1	Accept Financial Statements and		For			Mgmt
		Statutory Reports (Voting)
	2	Approve Final Dividend		For			Mgmt
	3	Elect Directors		For			Mgmt
	3.3	Approve Remuneration of Directors		For			Mgmt
	4	Approve Grant Thornton Auditors and		For			Mgmt
		Authorize Board to Fix Their
		Remuneration
	5	Authorize Repurchase of up to 10		For			Mgmt
		Percent of Issued Share Capital
	6	Approve Issuance of Equity or Equity-		For			Mgmt
		Linked Securities without Preemptive
		Rights
	7	Transact Other Business (Voting)		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
Mgmt Rec - Company Management Recommended Vote								Page 132

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/22/08 - S	Kerry Properties Ltd		G52440107			04/18/08	1,053,500
	1	Approve Acquisition by Kerry		For	For		Mgmt
		Properties (China) Ltd. (KCPL) and
		Shangri-La China Ltd. (SACL) of the
		Project Site and the Establishment of
		Kerry Real Estate (Nanchang) Co., Ltd.
		by KPCL and SACL
04/22/08 - A	Tupras Turkiye Petrol		M8966X108			None		54,789
	Rafinerileri A.S.
		Annual Meeting Agenda
	1	Open Meeting and Elect Presiding		For			Mgmt
		Council
	2	Accept Financial Statements and		For			Mgmt
		Statutory Reports
	3	Ratify Director Appointments		For			Mgmt
	4	Approve Discharge of Directors and		For			Mgmt
		Internal Auditors
	5	Elect Directors		For			Mgmt
	6	Appoint Internal Auditors		For			Mgmt
	7	Approve Remuneration of Directors		For			Mgmt
		and Internal Auditors
	8	Approve Allocation of Income		For			Mgmt
	9	Receive Information on Profit		None			Mgmt
		Distribution Policy
	10	Receive Information on Disclosure		None			Mgmt
		Policy
	11	Receive Information on Ethics		None			Mgmt
		Principles
	12	Receive Information on Charitable		None			Mgmt
		Donations
	13	Ratify External Auditors		For			Mgmt
	14	Grant Permission for Board Members		For			Mgmt
		to Engage in Commercial Transactions
		with Company and Be Involved in
		Companies with Similar Corporate
		Purpose
	15	Authorize Presiding Council to Sign		For			Mgmt
		Minutes of Meeting
	16	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.

Mgmt Rec - Company Management Recommended Vote

Page 133

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/22/08 - A	Union Fenosa		E93171119			None		164,023
	1	Approve Individual and Consolidated		For	For		Mgmt
		Financial Statements for Fiscal Year
		Ended 12-31-07, and Discharge
		Directors
	2	Elect/Ratify Auditors		For	For		Mgmt
	3	Approve 3:1 Stock Split and		For	For		Mgmt
		Subsequent Reduction in Par Value to
		EUR 1 from EUR 3; Modify Article 5
		Accordingly
	4	Fix Number of Directors; Elect/Ratify		For	Against		Mgmt
		Directors (Bundled)
	5	Approve Stock Option Plan		For	For		Mgmt
	6	Present Information on the Guidelines		For	For		Mgmt
		of the Board of Directors
	7	Authorize Repurchase of Shares and		For	For		Mgmt
		Subsequent Cancellation of Shares
	8	Approve Remuneration of Directors		For	For		Mgmt
	9	Approve Listing and Delisting of		For	For		Mgmt
		Shares, Fixed Income Securities, and
		Other Debt Instruments from
		Secundary Stock Exchanges
	10	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
04/23/08 - A	Aggreko plc		G0116S102			None		393,819
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 5.02 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Elect David Hamill as Director		For	For		Mgmt
	5	Elect Robert MacLeod as Director		For	For		Mgmt
	6	Re-elect Nigel Northridge as Director		For	For		Mgmt
	7	Re-elect Derek Shepherd as Director		For	For		Mgmt
	8	Re-elect Philip Rogerson as Director		For	For		Mgmt
	9	Re-elect Andrew Salvesen as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors and Authorise the
		Audit Committee to Determine Their
		Remuneration
	11	Amend Aggreko Performance Share		For	For		Mgmt
		Plan 2004
	12	Amend Aggreko Co-investment Plan		For	For		Mgmt
		2004
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 15,696,600
	14	Authorise Issue of Equity or Equity-		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 134

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 2,712,600
	15	Authorise 27,126,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	16	Adopt New Articles of Association		For	For		Mgmt
	17	Subject to Resolution 16 Being Passed		For	For		Mgmt
		and with Effect from 12:01 am on 1
		October 2008 or Such Later Date as
		Section 175 of the Companies Act
		2006 Shall be Brought Into Force,
		Amend Articles of Association Re:
		Permitted Interests and Voting
04/23/08 -	AZIMUT HOLDING SPA		T0783G106			04/21/08		7,148
A/S
		Ordinary Business
	1	Accept Financial Statements,		For			Mgmt
		Consolidated Financial Statements;
		External Auditors' Report, and
		Statutory Reports
	2	Approve Incentive Plan for Financial		For			Mgmt
		Promoters and Project to Support the
		Development of AZ Investimenti SIM
		SpA for the Three-Year Term 2008-
		2010
	3	Approve New Incentive Plan		For			Mgmt
	4	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance of Repurchased
		Shares
		Special Business
	5	Amend Articles 6 (Share Capital), 16		For			Mgmt
		(General Meetings Chairman), 18
		(Board of Directors), 28 (Statutory
		Internal Auditors), and 32 (Allocation of
		Income) of the Company Bylaws;
		Approve Reduction in Share Capital
		Through Cancellation of Treasury
		Shares
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/23/08 - A	Banco BPI S.A		X04608109			None		35,307
	1	Accept Individual and Consolidated		For			Mgmt
		Financial Statements and Statutory
		Reports for Fiscal 2007
Mgmt Rec - Company Management Recommended Vote								Page 135

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Approve Allocation of Income and		For			Mgmt
		Dividends
	3	Approve Discharge of Management		For			Mgmt
		and Oversight Bodies
	4	Approve Increase in Authorized Capital		For			Mgmt
		and Amend Article 4 Accordingly
	5	Amend Articles		For			Mgmt
	6	Elect Corporate Bodies for the 2008-		For			Mgmt
		2010 Term
	7	Elect Remuneration Committee		For			Mgmt
		Members for the 2008-2010 Term
	8	Authorize Repurchase and Reissuance		For			Mgmt
		of Shares
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/23/08 -	Banco Itau Holding		P1391K111			None		27,041
A/S	Financeira(frmly Banco Itau
	S.A.)
		Ordinary Business
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for Fiscal Year
		Ended Dec. 31, 2007
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Elect Directors		For	For		Mgmt
	4	Elect Fiscal Council Members		For	For		Mgmt
	5	Approve Remuneration of Executive		For	For		Mgmt
		Officers and Non-Executive Directors
		Special Business
	6	Cancel Treasury Shares		For	For		Mgmt
	7	Authorize Capitalization of Reserves		For	For		Mgmt
		for Bonus Issue
	8	Install Capital and Risks Management		For	For		Mgmt
		Committee and the Accounting Policies
		Committee and Ratify Adhesion of the
		Company to the Ombudsman?s Office
		of the subsidiary Banco Itau SA
	9	Amend Articles re: General Matters		For	For		Mgmt
	10	Amend Stock Option Plan		For	Against		Mgmt
04/23/08 - A	GEA Group AG (formerly MG		D28304109			04/02/08		225,578
	Technologies AG)
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
Mgmt Rec - Company Management Recommended Vote								Page 136

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 0.20 per Share
	3	Approve Discharge of Management		For			Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For			Mgmt
		Board for Fiscal 2007
	5	Ratify Deloitte & Touche GmbH as		For			Mgmt
		Auditors for Fiscal 2008
	6	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Amend Articles Re: Allow Electronic		For			Mgmt
		Distribution of Company
		Communications
	8	Amend Articles Re: Allow the		For			Mgmt
		Management Board to Determine Form
		and Content of Share Certificates
	9	Approve Remuneration of Supervisory		For			Mgmt
		Board
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/23/08 - A	Quadra Mining Ltd. *QUA*		747319101			03/05/08		61,300
	1	Elect Directors		For	For		Mgmt
	2	Approve KPMG LLP as Auditors and		For	For		Mgmt
		Authorize Board to Fix Their
		Remuneration
04/23/08 - A	Quality Houses Public Co.		Y7173A288			04/04/08	1,393,968
	Ltd
	1	Approve Minutes of Previous AGM		For	For		Mgmt
	2	Acknowledge 2007 Operating Results		For	For		Mgmt
	3	Acknowledge Directors' Report		For	For		Mgmt
	4	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	5	Approve Allocation of Income for Legal		For	For		Mgmt
		Reserve, Working Capital and
		Reserve, and Payment of Dividend of
		THB 0.07 Per Share
	6	Elect Directors		For	For		Mgmt
	6.2	Approve Bonus Payment of Directors		For	For		Mgmt
		for the Year 2007
	7	Approve Ernst & Young Office Ltd as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
	8	Authorize Issuance of Debentures Not		For	For		Mgmt
		Exceeding THB 5 Billion
Mgmt Rec - Company Management Recommended Vote								Page 137

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	9	Change Company Name to Q Houses		For	For		Mgmt
		Public Co Ltd
	10	Amend Clause 1 of the Memorandum		For	For		Mgmt
		of Association Re: Change in Company
		Name
	11	Amend Clause 44 of the Articles of		For	For		Mgmt
		Association Re: Company's Seal in
		Relation to Change in Company Name
	12	Approve Lease and Payment of Rent		For	For		Mgmt
		by the Company or its Subsidiaries for
		the Remaining Term of Lease Under
		Existing Agreement of the Centre Point
		Wireless Road Project
	13	Approve Issuance of 150 Million Units		For	Against		Mgmt
		of Warrants to Directors and
		Employees of the Company and its
		Subsidiaries (ESOP-W4)
	14	Approve Allocation of 150 Million		For	Against		Mgmt
		Ordinary Shares for the Exercise of the
		Warrants to be Issued to Directors and
		Employees of the Company and its
		Subsidiaries Under the ESOP-W4
	15	Other Business		For	Against		Mgmt
04/23/08 - A	Singapore Petroleum Co. Ltd. Y8120K106					None		229,000
	1	Adopt Financial Statements and		For	For		Mgmt
		Directors' and Auditors' Reports
	2	Declare Final Dividend of SGD 0.40		For	For		Mgmt
		Per Share
	3	Approve Directors' Fees of SGD		For	For		Mgmt
		264,000 for the Year Ended Dec. 31,
		2007 (2006: SGD 264,000)
	4a	Reelect Koh Ban Heng as Director		For	For		Mgmt
	4b	Reelect Geoffrey John King as Director		For	For		Mgmt
	4c	Reelect Chin Wei-Li, Audrey Marie as		For	For		Mgmt
		Director
	5	Reelect Bertie Cheng Shao Shiong as		For	For		Mgmt
		Director
	6	Reappoint Auditors and Authorize		For	For		Mgmt
		Board to Fix Their Remuneration
	7	Authorize Share Repurchase Program		For	For		Mgmt
	8	Approve Issuance of Shares without		For	For		Mgmt
		Preemptive Rights
	9	Approve Issuance of Shares and Grant		For	Against		Mgmt
		Options Pursuant to the SPC Share
		Option Scheme 2000, SPC Restricted
		Share Plan, and SPC Performance
		Share Plan
	10	Approve Mandate for Transactions with		For	For		Mgmt
		Related Parties
Mgmt Rec - Company Management Recommended Vote								Page 138

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	11	Other Business (Voting)		For	Against		Mgmt
04/24/08 - A	Benetton Group Spa		T1966F139			04/22/08		7,464
		Ordinary Business
	1	Accept Financial Statements and		For			Mgmt
		Statutory Reports as of Dec. 31, 2007
	2	Approve Remuneration of Directors for		For			Mgmt
		2008 Fiscal Year
	3	Appoint Internal Statutory Auditors and		For			Mgmt
		Their Remuneration
	4	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance of Repurchased
		Shares
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/24/08 -	Bouygues		F11487125			04/21/08		104,756
A/S
		Ordinary Business
	1	Approve Financial Statements and		For			Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For			Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 1.50 per Share
	4	Approve Special Auditors' Report		For			Mgmt
		Regarding Related-Party Transactions
	5	Reelect Patricia Barbizet as Director		For			Mgmt
	6	Elect Herve le Bouc as Director		For			Mgmt
	7	Elect Nonce Paolini as Director		For			Mgmt
	8	Elect Helman Le Pas de Secheval as		For			Mgmt
		Director
	9	Authorize Repurchase of Up to Ten		For			Mgmt
		Percent of Issued Share Capital
		Special Business
	10	Approve Reduction in Share Capital via		For			Mgmt
		Cancellation of Repurchased Shares
	11	Approve Stock Option Plans Grants		For			Mgmt
	12	Authorize Board to Issue Free		For			Mgmt
		Warrants with Preemptive Rights
		During a Public Tender Offer or Share
		Exchange
	13	Allow Board to Use Authorizations		For			Mgmt
		Granted during the 2007 General
		Meeting in the Event of a Public
		Tender Offer or Share Exchange Offer
Mgmt Rec - Company Management Recommended Vote								Page 139

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	14	Authorize Filing of Required		For			Mgmt
		Documents/Other Formalities
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/24/08 - A	Digi.com Berhad (formerly		Y2070F100			None		131,300
	Digi Swisscom)
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for the Financial
		Year Ended Dec. 31, 2007
	2	Approve Final Dividend of MYR 0.05		For	For		Mgmt
		Per Share Less 26 Percent Income
		Tax and Single-Tier Exempt Dividend
		of MYR 0.55 Per Share for the
		Financial Year Ended Dec. 31, 2007
	3	Elect Arve Johansen as Director		For	For		Mgmt
	4	Elect Ab. Halim Bin Mohyiddin as		For	For		Mgmt
		Director
	5	Approve Ernst and Young as Auditors		For	For		Mgmt
		and Authorize Board to Fix Their
		Remuneration
	6	Approve Implementation of		For	For		Mgmt
		Shareholders' Mandate for Recurrent
		Related Party Transactions
04/24/08 - A	Hang Seng Bank		Y30327103			03/17/08		729,100
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2a	Reelect Raymond K F Chi'en as		For	For		Mgmt
		Director
	2b	Reelect Y T Cheng as Director		For	For		Mgmt
	2c	Reelect Marvin K T Cheung as Director		For	For		Mgmt
	2d	Reelect Alexander A Flockhart as		For	For		Mgmt
		Director
	2e	Reelect Jenkin Hui as Director		For	For		Mgmt
	2f	Reelect Joseph C Y Poon as Director		For	For		Mgmt
	3	Fix the Remuneration of Directors		For	For		Mgmt
	4	Reappoint Auditors and Authorize		For	For		Mgmt
		Board to Fix Their Remuneration
	5	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	6	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights

Mgmt Rec - Company Management Recommended Vote

Page 140

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
04/24/08 - A	KBC Groupe	B5337G162			None		97,350

		Annual Meeting
	1	Receive Directors' and Auditors'		None		Mgmt
		Reports for Fiscal Year 2007 (Non-
		Voting)
	2	Receive Auditors' Reports for Fiscal		None		Mgmt
		Year 2007 (Non-Voting)
	3	Receive Consolidated Financial		None		Mgmt
		Statements and Statutory Reports for
		Fiscal Year 2007 (Non-Voting)
	4	Accept Financial Statements for Fiscal		For		Mgmt
		Year 2007
	5	Approve Allocation of Income and		For		Mgmt
		Dividends of EUR 3.78 per Share
	6	Approve Discharge of Directors		For		Mgmt
	7	Approve Discharge of Auditors		For		Mgmt
	8	Authorize Repurchase of Up to Ten		For		Mgmt
		Percent of Issued Share Capital
	9a	Reelect J. Huyghebaert as Director		For		Mgmt
	9b	Reelect T. Roussis as Director		For		Mgmt
	9c	Reelect J. Cornu as Director		For		Mgmt
	9d	Elect L. Morlion as Director		For		Mgmt
	9e	Elect G. van Kerckhove as Director		For		Mgmt
	10	Allow Questions		None		Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/24/08 - S	KBC Groupe		B5337G162		None		97,350
		Special Meeting
	1	Amend Article 5 Regarding Electronic		For		Mgmt
		Support for Registered Shares
	2	Amend Article 5 Paragraph 4 Deleting		For		Mgmt
		Provisions Valid for 2007
	3	Amend Article 5 Replacing Paragraph		For		Mgmt
		5
	4	Amend Article 5 Deleting Transitional		For		Mgmt
		Provision Article 11bis
	5	Amend Article 10bis		For		Mgmt
	6	Amend Article 11bis		For		Mgmt
	7	Amend Article 17		For		Mgmt
	8	Amend Article 28		For		Mgmt
	9	Amend Article 36		For		Mgmt
	10	Amend Article 39		For		Mgmt
		Not voted due to shareblocking restriction. The
Mgmt Rec - Company Management Recommended Vote							Page 141

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

potential impact on trading/loan share activities
would outweigh the economic value of the vote.

04/24/08 -	Vivendi		F97982106		04/21/08		400,968
A/S
		Ordinary Business
	1	Approve Financial Statements and		For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For		Mgmt
		Statements and Statutory Reports
	3	Approve Special Auditors' Report		For		Mgmt
		Regarding Related-Party Transactions
	4	Approve Allocation of Income and		For		Mgmt
		Dividends of EUR 1.30 per Share
	5	Reelect Jean-Rene Fourtou as		For		Mgmt
		Supervisory Board Member
	6	Reelect Claude Bebear as Supervisory		For		Mgmt
		Board Member
	7	Reelect Gerard Bremond as		For		Mgmt
		Supervisory Board Member
	8	Reelect Mehdi Dazi as Supervisory		For		Mgmt
		Board Member
	9	Reelect Henri Lachmann as		For		Mgmt
		Supervisory Board Member
	10	Reelect Pierre Rodocanachi as		For		Mgmt
		Supervisory Board Member
	11	Reelect Karel Van Miert as Supervisory		For		Mgmt
		Board Member
	12	Reelect Jean-Yves Charlier as		For		Mgmt
		Supervisory Board Member
	13	Reelect Philippe Donnet as		For		Mgmt
		Supervisory Board Member
	14	Approve Remuneration of Directors in		For		Mgmt
		the Aggregate Amount of EUR 1.5
		Million
	15	Authorize Repurchase of Up to 10		For		Mgmt
		Percent of Issued Share Capital
		Special Business
	16	Approve Reduction in Share Capital via		For		Mgmt
		Cancellation of Repurchased Shares
	17	Approve Stock Option Plans Grants		For		Mgmt
	18	Authorize up to 0.5 Percent of Issued		For		Mgmt
		Capital for Use in Restricted Stock
		Plan
	19	Approve Employee Stock Purchase		For		Mgmt
		Plan
	20	Approve Stock Purchase Plan		For		Mgmt
		Reserved for International Employees
	21	Authorize Filing of Required		For		Mgmt
Mgmt Rec - Company Management Recommended Vote							Page 142

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

Documents/Other Formalities
Not voted due to shareblocking restriction. The
potential impact on trading/loan share activities
would outweigh the economic value of the vote.

04/25/08 - A	Axon Group plc		G0691M108			None		47,823
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 2.50 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect David Oertle as Director		For	For		Mgmt
	5	Reappoint Ernst & Young LLP as		For	For		Mgmt
		Auditors and Authorise the Board to
		Determine Their Remuneration
	6	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 210,003
	7	Subject to the Passing of Resolution 6,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 31,500
04/25/08 - A	Bayer AG		D07112119			04/04/08		237,420
	1	Receive Financial Statements and		For			Mgmt
		Statutory Reports; Approve Allocation
		of Income and Dividends of EUR 1.35
		per Share for Fiscal 2007
	2	Approve Discharge of Management		For			Mgmt
		Board for Fiscal 2007
	3	Approve Discharge of Supervisory		For			Mgmt
		Board for Fiscal 2007
	4	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	5a	Approve Issuance of Warrants/Bonds		For			Mgmt
		with Warrants Attached/Convertible
		Bonds with Partial Exclusion of
		Preemptive Rights up to Aggregate
		Nominal Amount of EUR 6 Billion
	5b	Approve Creation of EUR 195.6 Million		For			Mgmt
		Pool of Capital to Guarantee
		Conversion Rights
	6a	Approve Issuance of Warrants/Bonds		For			Mgmt
		with Warrants Attached/Convertible
		Bonds with Partial Exclusion of
Mgmt Rec - Company Management Recommended Vote								Page 143

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Preemptive Rights up to Aggregate
		Nominal Amount of EUR 6 Billion
	6b	Approve Creation of EUR 195.6 Million		For			Mgmt
		Pool of Capital to Guarantee
		Conversion Rights
	7	Approve Affiliation Agreements with		For			Mgmt
		Subsidiaries Fuenfte Bayer VV GmbH,
		Sechste Bayer VV GmbH, and Erste
		Bayer VV Aktiengesellschaft
	8	Ratify PricewaterhouseCoopers AG as		For			Mgmt
		Auditors for Fiscal 2008
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/25/08 -	Cemig, Companhia		P2577R110			None		57,600
A/S	Energetica De Minas Gerais
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for Fiscal Year
		Ended Dec. 31, 2007
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Approve Dividends		For	For		Mgmt
	4	Authorize Capitalization of Payments		For	For		Mgmt
		by the State of Minas Gerais to the
		Company
	5	Authorize Capitalization of Payments		For	For		Mgmt
		by the State of Minas Gerais to the
		Company for a Bonus Issuance of
		Shares
	6	Authorize Executives to Implement		For	For		Mgmt
		Bonus Issuance of Shares
	7	Amend Articles to Reflect Changes in		For	For		Mgmt
		Capital
	8	Elect Fiscal Council Members and		For	For		Mgmt
		Determine their Remuneration
	9	Elect Directors to Fill Existing		For	For		Mgmt
		Vacancies on the Board
	10	Approve Remuneration of Executive		For	For		Mgmt
		Officers and Non-Executive Directors
	11	Authorize Company Representative to		For	For		Mgmt
		Vote the Company's Shares on the
		Annual Meeting of Cemig Distribuicao
		SA, One of the Company's
		Subsidiaries
	12	Authorize Company Representative to		For	For		Mgmt
		Vote the Company's Shares on the
		Annual Meeting of Cemig Geracao e
		Transmissao SA, One of the
Mgmt Rec - Company Management Recommended Vote								Page 144

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Company's Subsidiaries
04/25/08 - A	Genting International PLC		G3825Q102			None		164,950
	1	Adopt Financial Statements and		For	For		Mgmt
		Directors' and Auditors' Reports
	2	Approve Directors' Fees of SGD		For	For		Mgmt
		504,308 for the Year Ended Dec. 31,
		2007 (2006: SGD 444,835)
	3	Reelect Lim Kok Thay as Director		For	For		Mgmt
	4	Reelect Tjong Yik Min as Director		For	For		Mgmt
	5	Appoint PricewaterhouseCoopers, Isle		For	For		Mgmt
		of Man as Auditors and Authorize
		Board to Fix Their Remuneration
	6	Approve Issuance of Shares without		For	For		Mgmt
		Preemptive Rights
	7	Approve Mandate for Transactions with		For	For		Mgmt
		Related Parties
04/25/08 - A	MAN AG		D51716104			04/04/08		102,273
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 3.15 per Share
	3	Approve Discharge of Management		For			Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For			Mgmt
		Board for Fiscal 2007
	5	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	6	Ratify KPMG Deutsche Treuhand-		For			Mgmt
		Gesellschaft AG as Auditors for Fiscal
		2008
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/25/08 - A	SGL Carbon AG		D6949M108			04/04/08		175,316
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For			Mgmt
		Omission of Dividends
	3	Approve Discharge of Management		For			Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 145

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board for Fiscal 2007
	5	Ratify Ernst & Young AG as Auditors		For			Mgmt
		for Fiscal 2008
	6	Elect Max Dietrich Kley, Utz-Hellmuth		For			Mgmt
		Felcht, Claus Hendricks, Hubert
		Leinhard, Andrew Simon, and Daniel
		Camus to the Supervisory Board
	7	Approve Creation of EUR 23.9 Million		For			Mgmt
		Pool of Capital with Partial Exclusion of
		Preemptive Rights
	8	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	9	Approve Change of Corporate Form to		For			Mgmt
		Societas Europaea (SE)
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/25/08 - A	Turkcell Iletisim Hizmetleri		M8903B102			None		158,478
	AS
		Annual Meeting Agenda
	1	Open Meeting and Elect Presiding		For			Mgmt
		Council
	2	Authorize Presiding Council to Sign		For			Mgmt
		Minutes of Meeting
	3	Ratify Director Appointments		For			Mgmt
	4	Receive Statutory Reports		None			Mgmt
	5	Accept Financial Statements		For			Mgmt
	6	Approve Discharge of Directors and		For			Mgmt
		Auditors
	7	Appoint Internal Statutory Auditors and		For			Mgmt
		Approve Their Remuneration
	8	Approve Allocation of Income		For			Mgmt
	9	Receive Information on Charitable		None			Mgmt
		Donations
	10	Ratify External Auditors		For			Mgmt
	11	Grant Permission for Board Members		For			Mgmt
		to Engage in Commercial Transactions
		with Company and Be Involved in
		Companies with Similar Corporate
		Purpose
	12	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
Mgmt Rec - Company Management Recommended Vote								Page 146

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/28/08 -	Canadian Oil Sands Trust		13642L100			03/10/08		129,000
A/S	*COS.U*
	1	Appoint PricewaterhouseCoopers LLP		For	For		Mgmt
		as Auditors of COSL and Authorize
		Board to Fix Remuneration of Auditors
	2	Elect Directors		For	For		Mgmt
	3	Approve PricewaterhouseCoopers LLP		For	For		Mgmt
		as Auditors of the Trust and Authorize
		Board to Fix Remuneration of Auditors
	4	Amend Trust Indenture Re:		For	For		Mgmt
		Repurchase of Units
	5	Amend Unit Option Incentive Plan Re:		For	For		Mgmt
		Unallocated Entitlements
	6	Amend Unit Option Incentive Plan Re:		For	Against		Mgmt
		Termination of Options Upon
		Participant's Retirement
04/28/08 -	Companhia de Bebidas Das		P0273S127			None		16,651
A/S	Americas - AMBEV
		Ordinary Business
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for Fiscal Year
		Ended Dec. 31, 2007
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Approve Remuneration of Executive		For	For		Mgmt
		Officers and Non-Executive Directors
	4	Elect Directors		For	For		Mgmt
	5	Elect Fiscal Council Members		For	For		Mgmt
		Special Business
	6	Authorize BRL 307 Million		For	For		Mgmt
		Capitalization of Tax Benefits for
		Issuance of New Shares
	7	Authorize BRL 131 Million		For	For		Mgmt
		Capitalization of Tax Benefits without
		Issuance of New Shares
	8	Amend Article 5 to Reflect Changes in		For	For		Mgmt
		Capital
	9	Cancel Treasury Shares		For	For		Mgmt
	10	Designate Newspaper to Publish		For	For		Mgmt
		Meeting Announcements
04/29/08 - S	America Movil, S.A.B. de C.V.		02364W105			03/25/08		83,855
		Meeting for ADR Holders
	1	APPOINTMENT OR, AS THE CASE		For	For		Mgmt
		MAY BE, REELECTION OF THE
		MEMBERS OF THE BOARD OF
Mgmt Rec - Company Management Recommended Vote								Page 147

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		DIRECTORS OF THE COMPANY
		THAT THE HOLDERS OF THE
		SERIES L SHARES ARE ENTITLED
		TO APPOINT. ADOPTION OF
		RESOLUTIONS THEREON.
	2	APPOINTMENT OF DELEGATES TO		For	For		Mgmt
		EXECUTE AND, IF APPLICABLE,
		FORMALIZE THE RESOLUTIONS
		ADOPTED BY THE MEETING.
		ADOPTION OF RESOLUTIONS
		THEREON.
04/29/08 - A	Baloise Holding		H04530202			None		75,274
	1	Share Re-registration Consent		For			Mgmt

Not voted due to shareblocking restriction. The
potential impact on trading/loan share activities
would outweigh the economic value of the vote.

04/29/08 - A	Baloise Holding		H04530202			None		75,274
	1	Accept Financial Statements and		For			Mgmt
		Statutory Reports
	2	Approve Discharge of Board and		For			Mgmt
		Senior Management
	3	Approve Allocation of Income and		For			Mgmt
		Dividends of CHF 4.50 per Share
	4	Approve CHF 400,000 Reduction in		For			Mgmt
		Share Capital via Cancellation of 4
		Million Shares
	5	Reelect Rolf Schaeuble, Arend Oetker,		For			Mgmt
		and Eveline Saupper as Directors
	6	Ratify PricewaterhouseCoopers AG as		For			Mgmt
		Auditors
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/29/08 -	Companhia Vale Do Rio Doce P2605D109					None		332,780
A/S
		Ordinary Business
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for Fiscal Year
		Ended Dec. 31, 2007
	2	Approve Allocation of Income for Fiscal		For	Against		Mgmt
		2007 and Determine Capital Budget for
		Fiscal 2008
	3	Elect Fiscal Council Members		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 148

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Approve Remuneration of Executive		For	For		Mgmt
		Officers, Non-Executive Directors, and
		Fiscal Council Members
		Special Business
	5	Approve Merger Agreement whereby		For	For		Mgmt
		the Company will Absorb Wholly-
		Owned Subsidiary Ferro Gusa Carajas
		SA
	6	Ratify Deloitte Touche Tohmatsu as an		For	For		Mgmt
		Independent Firm to Appraise
		Proposed Absorption of Ferro Gusa
		Carajas SA
	7	Approve Appraisal Report of Ferro		For	For		Mgmt
		Gusa Carajas SA
	8	Approve Merger by Absorption of Ferro		For	For		Mgmt
		Gusa Carajas SA
04/29/08 -	CYRELA BRAZIL RLTY SA		P34085103			None		86,700
A/S	EMPREENDIMENTOS E
	PARTICIPACOES
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for Fiscal Year
		Ended Dec. 31, 2007
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Elect Directors		For	For		Mgmt
	4	Approve Remuneration of Executive		For	For		Mgmt
		Officers and Non-Executive Directors
	5	Approve Stock Option Plan		For	Against		Mgmt
04/29/08 - S	CYRELA BRAZIL RLTY SA		P34085103			None		86,700
	EMPREENDIMENTOS E
	PARTICIPACOES
	1	Amend Articles re: Employee Bonuses		For	For		Mgmt
04/29/08 - A	Eni Spa		T3643A145			04/25/08		619,731
		Ordinary Business
	1	Approve Financial Statements,		For			Mgmt
		Statutory and Auditors' Reports, and
		Allocation of Income for the Fiscal Year
		2007 of AgipFuel SpA, Incorporated in
		ENI on Dec. 21, 2007
	2	Approve Financial Statements,		For			Mgmt
		Statutory and Auditors' Reports, and
		Allocation of Income for the Fiscal Year
		2007 of Praoil - Oleodotti Italiani SpA,
		Incorporated in ENI on Dec. 31, 2007
Mgmt Rec - Company Management Recommended Vote								Page 149

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Accept Financial Statements,		For			Mgmt
		Consolidated Financial Statements,
		Statutory and Auditors' Reports for the
		Fiscal Year 2007
	4	Approve Allocation of Income		For			Mgmt
	5	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance of Repurchased
		Shares; Revoke Previously Granted
		Authorization Approved by
		Shareholders at the General Meeting
		Held on May 24, 2007
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/29/08 - S	Golden Agri-Resources Ltd		ADPV11073			None	4,734,000
		Special Business
	1	Amend Memorandum and Articles of		For	For		Mgmt
		Association and Adopt New
		Constitution of the Company
04/29/08 - A	Golden Agri-Resources Ltd		ADPV11073			None	4,734,000
	1	Adopt Financial Statements and		For	For		Mgmt
		Directors' and Auditors' Reports
	2	Declare First and Final Dividend of		For	For		Mgmt
		$0.005 Per Share
	3	Approve Directors' Fees of SGD		For	For		Mgmt
		200,373 for the Year Ended Dec. 31,
		2007 (2006: SGD 261,719)
	4	Reelect Simon Lim as Director		For	For		Mgmt
	5	Reelect Hong Pian Tee as Director		For	For		Mgmt
	6	Reelect Lew Syn Pau as Director		For	For		Mgmt
	7	Reelect Marie Joseph Raymond		For	For		Mgmt
		Lamusse as Director
	8	Reappoint Moore Stephens as Auditors		For	For		Mgmt
		and Authorize Board to Fix Their
		Remuneration
	9	Approve Issuance of Shares without		For	For		Mgmt
		Preemptive Rights
	10	Approve Mandate for Transactions with		For	For		Mgmt
		Related Parties
	11	Authorize Share Repurchase Program		For	For		Mgmt
04/29/08 - A	Grupo Financiero Banorte		P49501201			None		314,500
	S.A.B. de C.V.
	1	Accept Financial Statements and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 150

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statutory Reports for Fiscal Year
		Ended Dec. 31, 2007
	2	Approve Allocation of Income		For	For		Mgmt
	3	Elect/Ratify Directors (Bundled); Verify		For	For		Mgmt
		Independecy of Board Members;
		Approve Their Remuneration
	4	Elect Members to Audit Committee and		For	For		Mgmt
		Corporate Practices, Elect Their
		Respective Chairman, and Approve
		Their Remuneration
	5	Present Report on Company's 2007		For	For		Mgmt
		Share Repurchase Program; Set
		Maximum Nominal Amount of Share
		Repurchase Reserve for 2008
	6	Consolidate Amendments to Bylaws		For	Against		Mgmt
	7	Designate Inspector or Shareholder		For	For		Mgmt
		Representative(s) of Minutes of
		Meeting
	8	Approve Minutes of Meeting		For	For		Mgmt
04/29/08 -	INBEV(frmly INTERBREW)		B5064A107			None		76,259
A/S
		Ordinary Business
	A1	Receive Directors Report on Financial		None			Mgmt
		Year 2007
	A2	Receive Statutory Auditor's Report on		None			Mgmt
		Financial Year 2007
	A3	Receive Consolidated Financial		None			Mgmt
		Statements on Financial Year 2007
	A4	Approve Financial Statements, and		For			Mgmt
		Allocation of Income
	A5	Approve Discharge of Directors		For			Mgmt
	A6	Approve Discharge of Statutory Auditor		For			Mgmt
	A7a	Reelect A. de Pret as Director		For			Mgmt
	A7b	Elect S. Descheemaeker as Director,		For			Mgmt
		and Acknowledge the End of the
		Mandate as Director of A. Chapin
	A7c	Reelect P. Harf as Director		For			Mgmt
	A7d	Reelect K. Storm as Director		For			Mgmt
	A8	Approve Remuneration Report		For			Mgmt
		Special Items Requiring 50 Percent
		Quorum And 75 Percent Majority
	B1a	Receive Special Report by Board		None			Mgmt
		Regarding Issuance of 150,000
		Subscription Rights
	B1b	Receive Special Board and Auditor		None			Mgmt
		Report Regarding Cancellation of
		Preference Rights
Mgmt Rec - Company Management Recommended Vote								Page 151

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	B1c	Approve Issuance of Subscription		For			Mgmt
		Rights without Preemptive Rights
	B1d	Approve Issuing of 150000		For			Mgmt
		Subscription Rights and Granting for
		Free
	B1e	Authorize of Conditional Increase of		For			Mgmt
		Share Capital
	B1fa	Grant Power to Compensation and		For			Mgmt
		Nomination Committee to Determine
		Number of Subscription Rights
	B1fb	Grant Authority to Two Directors for		For			Mgmt
		Exercise of Subscription Rights
	B2a	Amend Article 5 of Bylaws Regarding		For			Mgmt
		Dematerialization of Bearer Shares
	B2b	Amend Article 24 of Bylaws Regarding		For			Mgmt
		Deposits
	B2c	Amend Article 25 of Bylaws Regarding		For			Mgmt
		Bearer Shares Participation Rights
	B2d	Amend Article 30 of Bylaws Regarding		For			Mgmt
		Shareholder Meeting
	B3	Amend Article 5ter Regarding		For			Mgmt
		Mandatory Notification Tresholds
	B4	Delete Articles 39 and 41 of Bylaws		For			Mgmt
		Special Items Requiring 50 Percent
		Quorum and 80 Percent Majority
	C	Authorize Repurchase of Up to Ten		For			Mgmt
		Percent of Issued Share Capital
	D	Authorize B. Loore for Implementation		For			Mgmt
		of Approved Resolutions and Filing of
		Required Documents at Commercial
		Court of Brussels
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/29/08 - A	Komercni Banka A.S.		X45471111			04/22/08		5,170
	1	Open Meeting		None			Mgmt
	2	Elect Chairman and Other Meeting		For			Mgmt
		Officials; Approve Procedural Rules
	3	Approve Management Board Reporton		For			Mgmt
		Company's Operations and State of Its
		Assets and Liabilities in Fiscal 2007
	4	Receive Financial Statements and		None			Mgmt
		Statutory Reports; Receive Allocation
		of Income Proposal; Receive
		Consolidated Financial Statements
	5	Approve Supervisory Board Report on		For			Mgmt
		Financial Statements, Allocation of
		Income Proposal, Consolidated
Mgmt Rec - Company Management Recommended Vote								Page 152

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Financial Statements, and
		Management Board Report
	6	Accept Financial Statements		For			Mgmt
	7	Approve Allocation of Income		For			Mgmt
	8	Accept Consolidated Financial		For			Mgmt
		Statements
	9	Approve Changes to Composition of		For			Mgmt
		Supervisory Board
	10	Approve Remuneration of		For			Mgmt
		Management Board Members
	11	Authorize Share Repurchase Program		For			Mgmt
	12	Amend Articles of Association		For			Mgmt
	13	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/29/08 -	SABESP, Companhia		P8228H104			None		86,380
A/S	Saneamento Basico Sao
	Paulo
		Ordinary Business
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for Fiscal Year
		Ended Dec. 31, 2007
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Elect Directors and Fiscal Council		For	For		Mgmt
		Members
		Special Business
	4	Authorize a BRL 2.8 Billion		For	For		Mgmt
		Capitalization of Reserves without
		Issuance of New Shares
	5	Amend Articles to Reflect Change in		For	For		Mgmt
		Share Capital
	6	Amend Articles to Reflect Change in		For	For		Mgmt
		Authorized Capital
04/29/08 - A	Software AG		D7045M133			04/08/08		10,865
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 1 per Share
	3	Approve Discharge of Management		For			Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 153

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board for Fiscal 2007
	5	Elect Willi Berchtold to the Supervisory		For			Mgmt
		Board
	6	Ratify BDO Deutsche Warentreuhand		For			Mgmt
		AG as Auditors for Fiscal 2008
	7	Approve Stock Option Plan for Key		For			Mgmt
		Employees; Approve Creation of EUR
		6.84 Million Pool of Conditional Capital
		to Guarantee Conversion Rights
	8	Approve Affiliation Agreement with		For			Mgmt
		Subsidiary Software Financial Holding
		GmbH
	9	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/29/08 -	Unibail Rodamco		F95094110			04/24/08		9,237
A/S
		Ordinary Business
	1	Approve Financial Statements and		For			Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For			Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 7 per Share
	4	Approve Special Auditors' Report		For			Mgmt
		Regarding Related-Party Transactions
	5	Reelect Yves Lyon Caen as		For			Mgmt
		Supervisory Board Member
	6	Reelect Henri Moulard as Supervisory		For			Mgmt
		Board Member
	7	Reelect Bart Okkens as Supervisory		For			Mgmt
		Board Member
	8	Reelect Robert ter Haar as Supervisory		For			Mgmt
		Board Member
	9	Elect Alec Pelmore as Supervisory		For			Mgmt
		Board Member
	10	Elect Mary Harris as Supervisory		For			Mgmt
		Board Member
	11	Ratify Change of Registered Office's		For			Mgmt
		Location to 7, place du Chancelier
		Adenauer, 75016 Paris
	12	Authorize Repurchase of Up to Ten		For			Mgmt
		Percent of Issued Share Capital
		Special Business
Mgmt Rec - Company Management Recommended Vote								Page 154

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	13	Approve Reduction in Share Capital via		For			Mgmt
		Cancellation of Repurchased Shares
	14	Approve Employee Stock Purchase		For			Mgmt
		Plan
	15	Amend Articles 9, 9 Bis, 13, 18, and 21		For			Mgmt
		of Bylaws Re: Shareholding Disclosure
		Thresholds, Shareholders'
		Identification, Supervisory Board
		Members, Allocation of Income
	16	Authorize Filing of Required		For			Mgmt
		Documents/Other Formalities
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/29/08 -	Usinas Siderurgicas De		P9632E117			None		65,250
A/S	Minas Gerais S.A. - USIMINAS
		Ordinary Business
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for Fiscal Year
		Ended Dec. 31, 2007
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Approve Remuneration of Executive		For	For		Mgmt
		Officers and Non-Executive Directors
	4	Elect Directors		For	For		Mgmt
	5	Elect Fiscal Council Members		For	For		Mgmt
		Special Business
	6	Authorize Capitalization of Reserves		For	For		Mgmt
		for Bonus Issue
	7	Authorize Bonus Issuance of 50		For	For		Mgmt
		Percent for Preferred A and Preferred
		B Shareholders
	8	Amend Articles to Reflect Changes in		For	For		Mgmt
		Capital
04/30/08 - A	Beiersdorf AG		D08792109			04/09/08		95,540
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports for Fiscal 2007
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 0.70 per Share
	3	Approve Discharge of Management		For			Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For			Mgmt
		Board for Fiscal 2007
	5	Ratify Ernst & Young AG as Auditors		For			Mgmt
		for Fiscal 2008
Mgmt Rec - Company Management Recommended Vote								Page 155

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Approve Affiliation Agreement with		For			Mgmt
		Subsidiary Beiersdorf Manufacturing
		Hamburg GmbH
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/30/08 - A	British American Tobacco plc G1510J102					None		462,928
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 47.60 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	5	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	6a	Re-elect Jan du Plessis as Director		For	For		Mgmt
	6b	Re-elect Ana Llopis as Director		For	For		Mgmt
	6c	Re-elect Anthony Ruys as Director		For	For		Mgmt
	7a	Elect Karen de Segundo as Director		For	For		Mgmt
	7b	Elect Nicandro Durante as Director		For	For		Mgmt
	7c	Elect Christine Morin-Postel as Director		For	For		Mgmt
	7d	Elect Ben Stevens as Director		For	For		Mgmt
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 168,168,576
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 25,225,286
	10	Approve Waiver on Tender-Bid		For	For		Mgmt
		Requirement
	11	Authorise 201,800,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	12	Adopt New Articles of Association		For	For		Mgmt
04/30/08 - A	Brookfield Asset		112585104			03/12/08		65,438
	Management Inc. *BAM.A*
		Meeting for Class A Limited Voting
		Shareholders / Elect Eight Directors
		By Cumulative Voting
	1	Elect Directors		For	For		Mgmt
	2	Approve Deloitte & Touche LLP as		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 156

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

Auditors and Authorize Board to Fix
Their Remuneration

04/30/08 - A	DnB NOR ASA (frmly DNB		R1812S105			None		26,567
	Holding ASA (Formerly Den
	Norske Bank AS))
	1	Approve Remuneration of Committee		For	For		Mgmt
		of Representatives, Control
		Committee, and Nominating
		Committee
	2	Approve Remuneration of Auditors		For	For		Mgmt
	3	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports; Approve Allocation
		of Income and Dividends of NOK 4.50
		per Share; Approve Group
		Contributions in the Amount of NOK
		6.5 Billion to Subsidiary Vital Forsikring
		ASA
	4	Elect Ten Members of Committee of		For	For		Mgmt
		Representatives
	5	Elect Vice-Chairman and One Deputy		For	For		Mgmt
		Member of Control Committee
	6	Elect Four Members of Nominating		For	For		Mgmt
		Committee
	7	Ratify Ernst & Young as Auditors		For	For		Mgmt
	8	Authorize Repurchase of Up to Ten		For	For		Mgmt
		Percent of Issued Share Capital
	9a	Approve Advisory Part of		For	For		Mgmt
		Remuneration Policy And Other Terms
		of Employment For Executive
		Management
	9b	Approve Binding Part of Remuneration		For	For		Mgmt
		Policy And Other Terms of
		Employment For Executive
		Management
	10	Approve Instructions for Nominating		For	For		Mgmt
		Committee
	11	Amend Articles Re: Specify Two-Year		For	For		Mgmt
		Terms for Nominating Committee
		Members
04/30/08 - A	E.ON AG (formerly Veba AG)		D24909109			04/09/08		155,622
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports for Fiscal 2007
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 4.10 per Share
	3	Approve Discharge of Management		For			Mgmt
		Board for Fiscal 2007
Mgmt Rec - Company Management Recommended Vote								Page 157

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Approve Discharge of Supervisory		For			Mgmt
		Board for Fiscal 2007
	5a	Reelect Ulrich Hartmann to the		For			Mgmt
		Supervisory Board
	5b	Reelect Ulrich Hocker to the		For			Mgmt
		Supervisory Board
	5c	Reelect Ulrich Lehner to the		For			Mgmt
		Supervisory Board
	5d	Elect Bard Mikkelsen to the		For			Mgmt
		Supervisory Board
	5e	Reelect Henning Schulte-Noelle to the		For			Mgmt
		Supervisory Board
	5f	Elect Karen de Segundo to the		For			Mgmt
		Supervisory Board
	5g	Elect Theo Siegert to the Supervisory		For			Mgmt
		Board
	5h	Reelect Wilhelm Simson to the		For			Mgmt
		Supervisory Board
	5i	Reelect Georg von Waldenfels to the		For			Mgmt
		Supervisory Board
	5j	Elect Werner Wenning to the		For			Mgmt
		Supervisory Board
	6	Ratify PricewaterhouseCoopers AG as		For			Mgmt
		Auditors for Fiscal 2008
	7	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares; Authorize Use of
		Financial Derivatives of up to 5 Percent
		of Issued Share Capital When
		Repurchasing Shares
	8	Approve Conversion of Bearer Shares		For			Mgmt
		into Registered Shares
	9	Approve 3:1 Stock Split; Approve EUR		For			Mgmt
		266.8 Million Capitalization of
		Reserves for Purpose of Stock Split;
		Amend Articles to Reflect Changes in
		Capital
	10a	Amend Articles Re: Allow Electronic		For			Mgmt
		Distribution of Company
		Communications
	10b	Amend Articles Re: Remuneration		For			Mgmt
		Policy for Nominating Committee
	10c	Amend Articles Re: Chairman of		For			Mgmt
		General Meeting
	11	Approve Affiliation Agreement with		For			Mgmt
		E.ON Fuenfzehnte Verwaltungs GmbH
	12	Approve Affiliation Agreement with		For			Mgmt

E.	ON Sechzehnte Verwaltungs GmbH
	Not voted due to shareblocking restriction. The potential impact on trading/loan share activities

Mgmt Rec - Company Management Recommended Vote

Page 158

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		would outweigh the economic value of the vote.
04/30/08 -	Grupo Mexico S.A.B. de C.V.		P49538112			None		593,400
A/S
		Annual Meeting Agenda
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports; Accept CEO, Board
		and Board Committee Reports for
		Fiscal Year Ended Dec. 31, 2007
	2	Approve Report on Tax Obligations in		For	For		Mgmt
		Accordance with Article 86 of Tax Law
	3	Approve Allocation of Income		For	For		Mgmt
	4	Set Aggregate Nominal Amount of		For	For		Mgmt
		Share Repurchase Reserve for 2008;
		Approve Policy Related to Acquisition
		of Own Shares
	5	Elect/Ratify Directors (Bundled);		For	For		Mgmt
		VVerify Independecy of Board
		Members; Elect/Ratify Chairmen and
		Members of the Board Committees;
		Approve Discharge of Directors
	6	Approve Remuneration of Directors		For	For		Mgmt
		and Members of Board Committees
		Special Meeting Agenda
	1	Approve 3:1 Stock Split of Class B		For	For		Mgmt
		Shares to Increase Amount of
		Circulating Shares from 2.59 Billion
		Million to 7.78 Billion
	2	Amend Clause Six of the Bylaws to		For	For		Mgmt
		Reflect Class B Shares Split,
		Requested in Item 1 Of Special
		Meeting Agenda
		Annual Meeting Agenda
	7	Designate Inspector or Shareholder		For	For		Mgmt
		Representative(s) of Minutes of
		Meeting
04/30/08 - A	Indesit Company		T52684106			None		49,530
		Ordinary Business
	1	Accept Financial Statements as of Dec.		For			Mgmt
		31, 2007
	2.1	Appoint Internal Statutory Auditors for		For			Mgmt
		the Term 2008-2010; Fix Their
		Remuneration - Slate 1 (Fines SpA)
	2.2	Appoint Internal Statutory Auditors for		For			Mgmt
		the Term 2008-2010; Fix Their
		Remuneration - Slate 2 (Fineldo SpA)
Mgmt Rec - Company Management Recommended Vote								Page 159

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance of Repurchased
		Shares
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/30/08 - A	Intesa SanPaolo SPA		T55067101			04/28/08	2,318,817
		Ordinary Business
	1	Approve Allocation of Income		For			Mgmt
	2	Elect Supervisory Board Members		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/30/08 - S	Mechel Steel Group OAO		583840103			04/02/08		2,921
		Meeting for ADR Holders
	1	Determine Quantity, Par Value, Type		For	For		Mgmt
		and Rights of Company Shares
	2	Amend Charter		For	For		Mgmt
04/30/08 -	Perdigao S.A.		P7704H109			None		130,400
A/S
	1	Approve Financial Statements and		For	For		Mgmt
		Allocation of Income for Fiscal Year
		Ended in Dec 2007
	2	Approve Dividends		For	For		Mgmt
	3	Amend Article 32 re: Expansion		For	For		Mgmt
		Reserves
	4	Ratify Capital Increase		For	For		Mgmt
	5	Elect Director		For	For		Mgmt
	6	Elect Fiscal Council Members		For	For		Mgmt
	7	Approve Remuneration of Executive		For	For		Mgmt
		Officers, Non-Executive Directors, and
		Fiscal Council Members
	8	Approve Remuneration of Executive		For	For		Mgmt
		Officers and Non-Executive Directors
		of Empresas Perdigao
	9	Appoint Independent Firm to Appraise		For	For		Mgmt
		Acquisition of Eleva Alimentos SA by
		the Company
	10	Approve Merger Agreement		For	For		Mgmt
	11	Approve Interest-on-Capital Payments,		For	For		Mgmt
		as Approved by the Board and Fiscal
		Council on April 2008.
Mgmt Rec - Company Management Recommended Vote								Page 160

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/30/08 - S	PT Bumi Resources Tbk		Y7122M110			None	4,531,000
	1	Approve Change in the Transaction		For	For		Mgmt
		Price of the Acquistion by Calipso
		Investment Pte Ltd of the Entire Equity
		Interest in Herald Resources Ltd
04/30/08 - A	STRAITS ASIA RESOURCES		Y81705108			None		43,500
	LTD
	1	Adopt Financial Statements and		For	For		Mgmt
		Directors' and Auditors' Reports
	2	Declare Final Dividend of $0.0075 Per		For	For		Mgmt
		Share
	3	Reelect Han Eng Juan as Director		For	For		Mgmt
	4	Reelect Martin David Purvis as Director		For	For		Mgmt
	5	Reelect Michael George Gibson as		For	For		Mgmt
		Director
	6	Approve Directors' Fees of up to SGD		For	For		Mgmt
		400,000 for the Year Ending Dec. 31,
		2008
	7	Reappoint PricewaterhouseCoopers as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
	8	Approve Issuance of Shares without		For	For		Mgmt
		Preemptive Rights
	9	Approve Issuance of Shares and Grant		For	For		Mgmt
		of Options Pursuant to the Straits
		Employee Share Option Plan
	10	Approve Issuance of Shares Pursuant		For	For		Mgmt
		to the Straits Executive Share
		Acquisition Plan
	11	Approve Mandate for Transactions with		For	For		Mgmt
		Related Parties
	12	Approve Issuance of 1.5 Million		For	For		Mgmt
		Ordinary Shares to Richard Ong Chui
		Chat as Part of His Remuneration
	13	Approve Issuance of Shares and Grant		For	For		Mgmt
		Options as Part of the Directors' Fees
		to Independent Directors
05/01/08 - A	Aviva plc		G0683Q109			None		941,311
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 21.10 Pence		For	For		Mgmt
		Per Ordinary Share
	3	Elect Nikesh Arora as Director		For	For		Mgmt
	4	Elect Scott Wheway as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 161

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Re-elect Philip Scott as Director		For	For		Mgmt
	6	Re-elect Andrew Moss as Director		For	For		Mgmt
	7	Re-elect Lord Sharman of Redlynch as		For	For		Mgmt
		Director
	8	Reappoint Ernst & Young LLP as		For	For		Mgmt
		Auditors of the Company
	9	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 94,000,000
	11	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 32,000,000
	12	Approve Remuneration Report		For	For		Mgmt
	13	Adopt New Articles of Association to		For	For		Mgmt
		Take Effect From the Conclusion of the
		Meeting with the Exception of Article
		22B Which Will Only Operate from 1
		October 2008 or Such Other Date as
		Sections 175 and 177 of the
		Companies Act 2006 Come Into Force
	14	Amend Aviva Annual Bonus Plan 2005		For	For		Mgmt
	15	Authorise Company to Make EU		For	For		Mgmt
		Political Donations to Political Parties
		or Independent Election Candidates, to
		Make EU Political Donations to Political
		Organisations Other than Political
		Parties, and Incur EU Political
		Expenditure up to GBP 100,000
	16	Authorise 262,000,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	17	Authorise 100,000,000 8 3/4 Percent		For	For		Mgmt
		Cumulative Irredeemable Preference
		Shares for Market Purchase
	18	Authorise 100,000,000 8 3/8 Percent		For	For		Mgmt
		Cumulative Irredeemable Preference
		Shares for Market Purchase
05/01/08 - A	GKN plc		G39004232			None		528,689
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 9.2 Pence		For	For		Mgmt
		Per Ordinary Share
	3	Re-elect Roy Brown as Director		For	For		Mgmt
	4	Elect Marcus Bryson as Director		For	For		Mgmt
	5	Elect Andrew Reynolds Smith as		For	For		Mgmt
		Director
Mgmt Rec - Company Management Recommended Vote								Page 162

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6	Elect William Seeger, Jr as Director		For	For		Mgmt
	7	Elect Richard Parry-Jones as Director		For	For		Mgmt
	8	Re-elect Nigel Stein as Director		For	For		Mgmt
	9	Re-elect John Sheldrick as Director		For	For		Mgmt
	10	Re-elect Sir Peter Williams as Director		For	For		Mgmt
	11	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	12	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 78,088,160, or, If Less,
		the Authorised but Unissued Share
		Capital of the Company as the Date of
		the Passing of this Resolution
	14	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 18,592,485
	15	Approve Remuneration Report		For	For		Mgmt
	16	Authorise 70,504,029 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	17	Authorise Company to Make EU		For	For		Mgmt
		Political Donations to Political Parties
		or Independent Election Candidates, to
		Make EU Political Donations to Political
		Organisations Other than Political
		Parties and Incur EU Political
		Expenditure up to GBP 200,000
	18	Amend GKN Long Term Incentive Plan		For	For		Mgmt
	19	Amend Articles of Association		For	For		Mgmt
05/01/08 - A	Reckitt Benckiser Group plc		G74079107			None		207,755
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 30 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect Adrian Bellamy as Director		For	Abstain		Mgmt
	5	Re-elect Graham Mackay as Director		For	For		Mgmt
	6	Re-elect Bart Becht as Director		For	For		Mgmt
	7	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	8	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 23,694,000
Mgmt Rec - Company Management Recommended Vote								Page 163

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	10	Subject to the Passing of Resolution 9,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 3,611,000
	11	Authorise 72,000,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	12	Amend Articles of Association		For	For		Mgmt
	13	Authorise the Company to Use		For	For		Mgmt
		Electronic Communications
05/06/08 - A	Barrick Gold Corp. *ABX*		067901108			03/18/08		226,800
	1	Elect Directors		For	For		Mgmt
	2	Ratify PricewaterhouseCoopers LLP as		For	For		Mgmt
		Auditors
	3	Repeal and Replacement of By-Law 1.		For	For		Mgmt
	4	Hire Expert Panel to Publish Annual		Against	Against		ShrHoldr
		Recommendations on Pascua-Lama
		Project
05/06/08 - A	Hannover Rueckversicherung D3015J135					None		13,517
	AG
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 1.80 per Share, and
		a Bonus Dividend of EUR 0.50 per
		Share
	3	Approve Discharge of Management		For			Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For			Mgmt
		Board for Fiscal 2007
	5	Authorize Share Repurchase Program		For			Mgmt
		and Cancellation of Repurchased
		Shares
	6	Authorize Reissuance of Repurchased		For			Mgmt
		Shares without Preemptive Rights
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/06/08 - A	HUTCHISON		G46714104			04/30/08	2,775,825
	TELECOMMUNICATIONS
	INTL LTD
	1	Accept Financial Statements and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 164

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statutory Reports
	2a	Reelect Chan Ting Yu Director		For	For		Mgmt
	2b	Reelect Wong King Fai, Peter as		For	Against		Mgmt
		Director
	2c	Reelect Chow Woo Mo Fong, Susan		For	For		Mgmt
		as Director
	2d	Reelect Frank John Sixt as Director		For	Against		Mgmt
	2e	Reelect John W. Stanton as Director		For	For		Mgmt
	2f	Reelect Kevin Westley as Director		For	Against		Mgmt
	2g	Authorize Board to Fix the		For	For		Mgmt
		Remuneration of Directors
	3	Reappoint PricewaterhouseCoopers as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
	4a	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	4b	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	4c	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
	5	Approve Issuance of Shares Pursuant		For	Against		Mgmt
		to the 2004 Partner Share Option Plan
	6	Amend 2004 Partner Share Option		For	Against		Mgmt
		Plan
05/06/08 - A	Kerry Properties Ltd		G52440107			04/30/08		803,500
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend		For	For		Mgmt
	3a	Reelect Wong Siu Kong as Director		For	For		Mgmt
	3b	Reelect Ho Shut Kan as Director		For	For		Mgmt
	3c	Reelect So Hing Woh, Victor as		For	Against		Mgmt
		Director
	4	Approve Remuneration of Directors		For	For		Mgmt
	5	Reappoint PricewaterhouseCoopers as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
	6a	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	6b	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	6c	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares

Mgmt Rec - Company Management Recommended Vote

Page 165

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/06/08 - A	TREVI - Finanziaria		T9471T106			05/02/08		30,942
	Industriale - S.p.a.
		Ordinary Business
	1	Approve Financial Statements,		For			Mgmt
		Consolidated Financial Statements,
		Statutory and External Auditors'
		Reports, and Allocation of Income for
		the Fiscal Year 2007
	2	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance of Repurchased
		Shares
	3	Approve Auditors for the Nine-Year		For			Mgmt
		Term 2008-2016, and Fix Their
		Remuneration
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/06/08 - A	Xstrata plc		G9826T102			None		191,215
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 0.34 US		For	For		Mgmt
		Cents Per Ordinary Share
	3	Approve Remuneration Report		For	For		Mgmt
	4	Re-elect Willy Strothotte as Director		For	Abstain		Mgmt
	5	Re-elect Paul Hazen as Director		For	For		Mgmt
	6	Re-elect Ian Strachan as Director		For	For		Mgmt
	7	Elect Claude Lamoureux as Director		For	For		Mgmt
	8	Reappoint Ernst & Young LLP as		For	For		Mgmt
		Auditors and Authorise the Board to
		Determine Their Remuneration
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 161,944,486
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 24,291,673
	11	With Effect From the Conclusion of the		For	For		Mgmt
		Meeting, Adopt New Articles of
		Association
	12	Subject to the Passing of Resolution 11		For	For		Mgmt
		and With Effect From the Entry into
		Force of Section 175 Companies Act
		2006 at 00:01 am on 1 October 2008,
		Adopt New Articles of Association
	13	Amend the Xstrata plc Added Value		For	For		Mgmt
		Incentive Plan
Mgmt Rec - Company Management Recommended Vote								Page 166

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/07/08 - A	Agrium Inc. *AGU*		008916108			03/17/08		237,700
	1	Elect Directors		For	For		Mgmt
	2	Ratify KPMG LLP as Auditors		For	For		Mgmt
05/07/08 - A	BAE Systems plc		G06940103			None		981,455
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 7.8 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect Sir Peter Mason as Director		For	For		Mgmt
	5	Re-elect Richard Olver as Director		For	For		Mgmt
	6	Re-elect Michael Turner as Director		For	For		Mgmt
	7	Elect Andrew Inglis as Director		For	For		Mgmt
	8	Elect Ravi Uppal as Director		For	For		Mgmt
	9	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		of the Company
	10	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	11	Authorise Company to Make EU		For	For		Mgmt
		Political Donations to Political Parties,
		and/or Independent Election
		Candidates, to Make EU Political
		Donations to Political Organisations
		Other than Political Parties and Incur
		EU Political Expenditure up to GBP
		100,000
	12	Amend BAE Systems Share Matching		For	For		Mgmt
		Plan 2006
	13	Amend BAE Systems Performance		For	For		Mgmt
		Share Plan 2006
	14	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from GBP
		180,000,001 to GBP 188,750,001
	15	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 29,275,236
	16	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 4,391,724
	17	Authorise 351,337,974 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	18	Amend Articles of Association with		For	For		Mgmt
		Effect from the End of this AGM;
		Amend Articles of Association, with
		Effect from 00:01 on 1 October 2008 or
Mgmt Rec - Company Management Recommended Vote								Page 167

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

Any Later Date on Which Section 175
of the Companies Act 2006 Comes into
Effect, Re: Conflicts of Interest

05/07/08 - A	Cobham plc		G41440143			None		1,677,180
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 3.28 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect Gordon Page as Director		For	For		Mgmt
	5	Elect David Turner as Director		For	For		Mgmt
	6	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	7	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	8	With Effect From 1 October 2008,		For	For		Mgmt
		Adopt New Articles of Association
	9	Authorise 113,738,042 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 8,545,489
	11	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 1,421,725
05/07/08 - A	Millennium & Copthorne		G6124F107			None		85,588
	Hotels plc
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 10.42 Pence		For	For		Mgmt
		Per Ordinary Share
	3	Re-elect Kwek Leng Beng as Director		For	For		Mgmt
	4	Re-elect Kwek Leng Joo as Director		For	For		Mgmt
	5	Elect John Arnett as Director		For	For		Mgmt
	6	Elect Connal Rankin as Director		For	For		Mgmt
	7	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		of the Company
	8	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	9	Approve Remuneration Report		For	For		Mgmt
	10	Approve Scrip Dividend Program		For	For		Mgmt
	11	Extend the Provisions of the Co-		For	For		Mgmt
		operation Agreement Enabling City
		Developments Limited to Maintain its
Mgmt Rec - Company Management Recommended Vote								Page 168

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Percentage of Shareholding in the
		Company
	12	Authorise the Company to Make EU		For	For		Mgmt
		Political Donations to Political Parties
		or Independent Election Candidates, to
		Make EU Political Donations to Political
		Organisations Other than Political
		Parties and Incur EU Political
		Expenditure up to GBP 150,000
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 29,637,645
	14	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 4,445,646
	15	Authorise 29,637,645 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	16	Adopt New Articles of Association		For	For		Mgmt
05/07/08 - A	Smit Internationale		N81047172			04/30/08		11,945
		Annual Meeting
	1	Open Meeting		None			Mgmt
	2	Receive Report of Management Board		None			Mgmt
		for Fiscal Year 2007
	3	Approve Financial Statements and		For			Mgmt
		Statutory Reports for Fiscal Year 2007
	4	Receive Explanation on Company's		None			Mgmt
		Reserves and Dividend Policy
	5	Approve Dividends of EUR 3.00 Per		For			Mgmt
		Share
	6	Approve Discharge of Management		For			Mgmt
		Board
	7	Approve Discharge of Supervisory		For			Mgmt
		Board
	8	Discussion of Supervisory Board		None			Mgmt
		Profile
	9	Elect Supervisory Board Member		For			Mgmt
	10	Approve Remuneration of Supervisory		For			Mgmt
		Board
	11	Ratify KPMG Accountants NV as		For			Mgmt
		Auditors
	12	Amend Articles		For			Mgmt
	13	Authorize Repurchase Shares		For			Mgmt
	14.1	Grant Board Authority to Issue Shares		For			Mgmt
		Up To 10 Percent of Issued Capital
	14.2	Authorize Board to Exclude Preemptive		For			Mgmt
		Rights from Issuance under Item 14.1
Mgmt Rec - Company Management Recommended Vote								Page 169

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	14.3	Grant Board Authority to Issue Shares		For			Mgmt
		Up To 10Percent of Issued Capital in
		Case of Takeover/Merger
	14.4	Authorize Board to Exclude Preemptive		For			Mgmt
		Rights from Issuance under Item 14.3
	15	Other Business (Non-Voting)		None			Mgmt
	16	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/07/08 - A	Standard Chartered plc		G84228157			None		405,537
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 56.23 US		For	For		Mgmt
		Cents Per Ordinary Share
	3	Approve Remuneration Report		For	For		Mgmt
	4	Re-elect Michael DeNoma as Director		For	For		Mgmt
	5	Re-elect Valerie Gooding as Director		For	For		Mgmt
	6	Re-elect Rudolph Markham as Director		For	For		Mgmt
	7	Re-elect Peter Sands as Director		For	For		Mgmt
	8	Re-elect Oliver Stocken as Director		For	For		Mgmt
	9	Elect Gareth Bullock as Director		For	For		Mgmt
	10	Elect Sunil Mittal as Director		For	For		Mgmt
	11	Elect John Peace as Director		For	For		Mgmt
	12	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		of the Company
	13	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	14	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 235,070,165 (Relevant
		Securities and Share Dividend
		Scheme); Otherwise up to USD
		141,042,099
	15	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount Equal to the Company's Share
		Capital Repurchased by the Company
		Pursuant to Resolution 17
	16	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 35,260,524
	17	Authorise 141,042,099 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	18	Authorise 15,000 US Dollar Preference		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 170

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Shares and 195,285,000 Sterling
		Preference Shares for Market
		Purchase
	19	Adopt New Articles of Association		For	For		Mgmt
	20	Authorise the Company to Make EU		For	For		Mgmt
		Political Donations to Political Parties
		and/or Independent Election
		Candidates, to Make EU Political
		Donations to Political Organisations
		Other Than Political Parties and Incur
		EU Political Expenditure up to GBP
		100,000
	21	Authorise Company to Offer the Share		For	For		Mgmt
		Dividend Alternative
05/07/08 - A	Taylor Nelson Sofres plc		G8693M109			None		129,331
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 3.9 Pence		For	For		Mgmt
		Per Share
	4	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	5	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	6	Re-elect Donald Brydon as Director		For	For		Mgmt
	7	Re-elect David Lowden as Director		For	For		Mgmt
	8	Re-elect Paul Murray as Director		For	For		Mgmt
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 6,872,388
	10	Subject to the Passing of Resolution 9,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 1,030,961
	11	Authorise 41,238,449 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	12	Adopt New Articles of Association With		For	For		Mgmt
		Effect from 1 October 2008
	13	Authorise Company to Make EU		For	For		Mgmt
		Political Donations to Political Parties
		or Independent Election Candidates
		and Political Organisations Other than
		Political Parties and Incur EU Political
		Expenditure up to GBP 5,000

Mgmt Rec - Company Management Recommended Vote

Page 171

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/07/08 - A	WSP Group plc		G98105102			None		63,850
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 8.0 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect David Turner as Director		For	For		Mgmt
	5	Re-elect Christopher Cole as Director		For	For		Mgmt
	6	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	7	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 1,000,000
	9	Authorise the Company to Make EU		For	For		Mgmt
		Political Donations to Political Parties
		and/or Independent Election
		Candidates up to GBP 50,000, to
		Political Organisations Other Than
		Political Parties up to GBP 50,000 and
		Incur EU Political Expenditure up to
		GBP 50,000
	10	Subject to and Conditional Upon the		For	For		Mgmt
		Passing of Resolution 8, Authorise
		Issue of Equity or Equity-Linked
		Securities without Pre-emptive Rights
		up to Aggregate Nominal Amount of
		GBP 156,800
	11	Authorise 6,272,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	12	Adopt New Articles of Association		For	For		Mgmt
05/08/08 - A	ABB Ltd.		H0010V101			None		671,506
	1	Share Re-registration Consent		For			Mgmt

Not voted due to shareblocking restriction. The
potential impact on trading/loan share activities
would outweigh the economic value of the vote.

05/08/08 - A	ABB Ltd.		H0010V101		None		671,506
	1	Receive Financial Statements and		None		Mgmt
		Statutory Reports (Non-Voting)
	2	Accept Financial Statements and		For		Mgmt
		Statutory Reports
	3	Approve Discharge of Board and		For		Mgmt
		Senior Management
Mgmt Rec - Company Management Recommended Vote							Page 172

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Approve Allocation of Income and		For			Mgmt
		Omission of Dividends
	5	Approve Creation of CHF 500 Million		For			Mgmt
		Pool of Capital without Preemptive
		Rights
	6	Approve CHF 1.1 Billion Reduction in		For			Mgmt
		Share Capital; Approve Capital
		Repayment of CHF 0.48 per
		Registered Share
	7	Amend Articles to Reflect Changes in		For			Mgmt
		Capital
	8a	Amend Articles Re: Dividend Payments		For			Mgmt
		for Shareholders Resident in Sweden
	8b	Amend Articles Re: Voting		For			Mgmt
		Requirements for Dissolution of
		Company
	8c	Amend Articles Re: Shareholding		For			Mgmt
		Requirements for Directors
	8d	Amend Articles Re: Board Vice-		For			Mgmt
		Chairman
	8e	Amend Articles Re: Reference to		For			Mgmt
		Group Auditors
	9	Elect Directors		For			Mgmt
	10	Ratify Ernst & Young AG as Auditors		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/08/08 - A	China Mobile (Hong Kong)		Y14965100			05/05/08		498,639
	Limited
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2a	Approve Final Dividend		For	For		Mgmt
	2b	Approve Special Dividend		For	For		Mgmt
	3a	Reelect Lu Xiangdong as Director		For	For		Mgmt
	3b	Reelect Xue Taohai as Director		For	For		Mgmt
	3c	Reelect Huang Wenlin as Director		For	Against		Mgmt
	3d	Reelect Xin Fanfei as Director		For	For		Mgmt
	3e	Reelect Lo Ka Shui as Director		For	For		Mgmt
	4	Reappoint KPMG as Auditors and		For	For		Mgmt
		Authorize Board to Fix Their
		Remuneration
	5	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	6	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	7	Authorize Reissuance of Repurchased		For	Against		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 173

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Shares
05/08/08 - A	CITIC Pacific Ltd		Y1639J116			04/30/08	1,792,000
	1	Accept Financial Statements and		For	For		Mgmt
		Directors' and Auditors' Report
	2	Approve Final Dividend		For	For		Mgmt
	3a	Reelect Henry Fan Hung Ling as		For	For		Mgmt
		Director
	3b	Reelect Carl Yung Ming Jie as Director		For	For		Mgmt
	3c	Reelect Leslie Chang Li Hsien as		For	For		Mgmt
		Director
	3d	Reelect Li Shilin as Director		For	For		Mgmt
	3e	Reelect Hamilton Ho Hau Hay as		For	For		Mgmt
		Director
	3f	Reelect Andr Desmarais as Director		For	For		Mgmt
	3g	Reelect Kwok Man Leung as Director		For	Against		Mgmt
	4	Reappoint PricewaterhouseCoopers as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
	5	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	6	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
	8	Approve Each of the Non-Executive		For	For		Mgmt
		Directors' Fees at HK$200,000 Per
		Annum
05/08/08 - A	H & M Hennes & Mauritz		W41422101			05/02/08		160,875
	1	Open Meeting		None	None		Mgmt
	2	Elect Sven Unger as Chairman of		For	For		Mgmt
		Meeting
	3	Receive President's Report; Allow for		None	None		Mgmt
		Questions
	4	Prepare and Approve List of		For	For		Mgmt
		Shareholders
	5	Approve Agenda of Meeting		For	For		Mgmt
	6	Designate Inspector or Shareholder		For	For		Mgmt
		Representative(s) of Minutes of
		Meeting
	7	Acknowledge Proper Convening of		For	For		Mgmt
		Meeting
	8a	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports; Receive Information
		About Remuneration Guidelines
	8b	Receive Auditor's and Auditing		None	None		Mgmt
		Committee's Reports
Mgmt Rec - Company Management Recommended Vote								Page 174

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8c	Receive Chairman's Report About		None	None		Mgmt
		Board Work
	8d	Receive Report of the Chairman of the		None	None		Mgmt
		Nominating Committee
	9a	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	9b	Approve Allocation of Income and		For	For		Mgmt
		Dividends of SEK 14.00 per Share
	9c	Approve Discharge of Board and		For	For		Mgmt
		President
	10	Determine Number of Members (9) and		For	For		Mgmt
		Deputy Members (0) of Board
	11	Approve Remuneration of Directors in		For	For		Mgmt
		the Amount of SEK 1.35 Million for
		Chairman, SEK 375,000 for Other
		Directors; SEK 75,000 for Member of
		Audit Committee, and SEK 125,000 for
		Chairman of Audit Committee; Approve
		Remuneration of Auditors
	12	Reelect Fred Andersson, Lottie		For	Against		Mgmt
		Knutson, Sussi Kvart, Bo Lundquist,
		Stig Nordfelt, Karl-Johan Persson,
		Stefan Persson (Chair), and Melker
		Schoerling as Directors; Elect Mia
		Livfors as New Director
	13	Elect Stefan Persson, Lottie Tham,		For	For		Mgmt
		Tomas Nicolin, Jan Andersson, and
		Peter Lindell as Members of
		Nominating Committee
	14	Approve Remuneration Policy And		For	For		Mgmt
		Other Terms of Employment For
		Executive Management
	15	Close Meeting		None	None		Mgmt
05/08/08 - A	Meyer Burger Technology AG H5498Z110					None		1,698
	1	Accept Financial Statements and		For			Mgmt
		Statutory Reports
	2	Approve Allocation of Income and		For			Mgmt
		Omission of Dividends
	3	Approve Discharge of Board and		For			Mgmt
		Senior Management
	4	Ratify PricewaterhouseCoopers AG as		For			Mgmt
		Auditors
	5.1	Approve Creation of CHF 270,000 Pool		For			Mgmt
		of Capital without Preemptive Rights
	5.2	Approve Increase to CHF 215,000 of		For			Mgmt
		Pool of Capital Reserved for Stock
		Option Plan
	5.3	Approve Creation of CHF 150,000 Pool		For			Mgmt
		of Capital without Preemptive Rights to
Mgmt Rec - Company Management Recommended Vote								Page 175

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Guarantee Conversion Rights for
		Convertible Bonds and/or Options
	5.4	Amend Articles Re: Group Auditors		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/08/08 - A	Nokia Corp.		X61873133			04/28/08		489,587
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports, Receive Auditors'
		Report (Non-Voting)
	2	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.53 Per Share
	4	Approve Discharge of Chairman,		For	For		Mgmt
		Members of the Board, and President
	5	Approve Remuneration of Directors in		For	For		Mgmt
		Amount of: Chairman EUR 440,000,
		Vice Chairman EUR 150,000, Other
		Directors EUR 130,000; Approve Fees
		for Committee Work; Approve 40
		Percent to be Paid in Nokia Shares
	6	Fix Number of Directors at 10		For	For		Mgmt
	7	Reelect Georg Ehrnrooth, Lalita Gupte,		For	For		Mgmt
		Bengt Holmstroem, Henning
		Kagermann, Olli-Pekka Kallasvuo, Per
		Karlsson, Jorma Ollila, Marjorie
		Scardino, and Keijo Suila as Directors;
		Elect Risto Siilasmaa as New Director
	8	Approve Remuneration of Auditors		For	For		Mgmt
	9	Reelect PricewaterhouseCooper Oy as		For	For		Mgmt
		Auditor
	10	Authorize Repurchase of up to 370		For	For		Mgmt
		Million Nokia Shares
05/08/08 -	Potash Corporation of		73755L107			03/13/08		145,600
A/S	Saskatchewan Inc. *POT*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Deloitte & Touche LLP as		For	For		Mgmt
		Auditors
	3	Approve 2008 Performance Option		For	For		Mgmt
		Plan
	4	SP - Establish SERP Policy		Against	Against		ShrHoldr

Mgmt Rec - Company Management Recommended Vote

Page 176

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/08/08 -	Shoppers Drug Mart Corp.		82509W103			03/12/08		191,600
A/S	*SC*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Deloitte & Touche LLP Auditors		For	For		Mgmt
	3	Approve Shareholder Rights Plan		For	For		Mgmt
05/08/08 - A	STRAITS RESOURCES		Q8785Z108			05/06/08		81,779
	LIMITED SRL *SRL*
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for the Year Ending
		Dec. 31, 2007
	2	Elect Alan James Good as Director		For	For		Mgmt
	3	Elect Martin David Purvis as Director		For	For		Mgmt
	4	Approve Remuneration Report for the		For	For		Mgmt
		Year Ending Dec. 31, 2007
	5	Ratify Past Issuance of 4.65 Million		For	For		Mgmt
		Shares to the Vendors of the 35
		Percent Interest of Red Island Minerals
		Ltd. Made on Jan. 22, 2008
	6	Amend Executive Share Acquisition		For	For		Mgmt
		Plan
	7	Approval of Employee Share Option		For	For		Mgmt
		Plan
	8	Approve Issuance of 700,000 Shares		For	Against		Mgmt
		to Milan Jerkovic Pursuant to the
		Executive Share Acquisition Plan
	9	Approve Issuance of 300,000 Shares		For	Against		Mgmt
		to Martin David Purvis Pursuant to the
		Executive Share Acquisition Plan
	10	Amend Company's Constitution		For	For		Mgmt
05/08/08 -	UniCredit SpA (formerly		T95132105			05/06/08	1,813,762
A/S	Unicredito Italiano SpA)
		Ordinary Business
	1	Accept Financial Statements,		For			Mgmt
		Consolidated Financial Statements,
		Statutory and Auditors' Reports for the
		Fiscal Year 2007
	2	Approve Allocation of Income		For			Mgmt
	3	Approve Top Management Long-Term		For			Mgmt
		Incentive Plan 2008
	4	Approve Stock Ownership Plan for the		For			Mgmt
		Employees of the Company and Its
		Subsidiaries
	5	Appoint Directors		For			Mgmt
	6	Approve Remuneration of Directors		For			Mgmt
	7	Amend Articles 1, 2, 8, 9, 16, 19, and		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 177

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		20 of the Rules Governing General
		Meetings
	8	Approve Remuneration for the		For			Mgmt
		Representative of Holders of Saving
		Shares
	9	Deliberations Pursuant to Article 2390		For			Mgmt
		of Civil Code i.e. Decisions Inherent to
		Authorization of Board Members To
		Assume Positions In Competing
		Companies
		Special Business
	1	Authorize Board to Increase Capital for		For			Mgmt
		a One-Year Term up to EUR 61.09
		Million Through the Issuance of up to
		122.18 Million Ordinary Shares without
		Preemptive Rights Reserved to the
		Top Management of the Company and
		Its Subsidiaries
	2	Authorize Board to Increase Capital for		For			Mgmt
		a Five-Year Term up to EUR 12.44
		Million Through the Issuance of up to
		24.88 Million Ordinary Shares
		Reserved to the Top Management of
		the Company and Its Subsidiaries
	3	Eliminate Section VI "Executive		For			Mgmt
		Committee" and Articles 27, 28, 29, 30,
		31, and 32 of the Company Bylaws;
		Amend Articles 1, 2, 4, 5, 6, 8, 9, 17,
		21, 22, 23, 26, 27, 28, and 29 of the
		Company Bylaws
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/08/08 - A	Yara International ASA		R9900C106			None		152,850
	1	Elect Chairman of Meeting; Designate		For	For		Mgmt
		Inspector(s) of Minutes of Meeting
	2	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports; Approve Allocation
		of Income and Dividends of NOK 4 per
		Share
	3	Approve Remuneration Policy And		For	For		Mgmt
		Other Terms of Employment For
		Executive Management
	4	Approve Remuneration of Auditors		For	For		Mgmt
	5	Elect Directors (Bundled)		For	For		Mgmt
	6	Approve Remuneration of Directors		For	For		Mgmt
	7	Elect Members of Nominating		For	For		Mgmt
		Committee; Approve Remuneration of
Mgmt Rec - Company Management Recommended Vote								Page 178

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Nominating Committee
	8	Authorize Repurchase of Up to Five		For	For		Mgmt
		Percent of Issued Share Capital
05/09/08 - A	LABORATORIOS ALMIRALL		E7131W101			None		47,430
	S.A
	1	Accept Individual Financial Statements		For	For		Mgmt
		and Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Discharge Directors		For	For		Mgmt
	4	Approve Allocation of Income		For	For		Mgmt
	5	Reelect Auditors for Laboratorios		For	For		Mgmt
		Almirall, S.A.
	6	Reelect Auditors for the Consolidated		For	For		Mgmt
		Group
	7	Approve Long-Term Incentive Plan for		For	Against		Mgmt
		Executives
	8	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
05/09/08 - A	Laird plc (formerly The Laird		G53508175			None		88,160
	Group)
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 7.88 Pence		For	For		Mgmt
		Per Ordinary Share
	3	Re-elect Nigel Keen as Director		For	For		Mgmt
	4	Re-elect Peter Hill as Director		For	For		Mgmt
	5	Re-elect Martin Rapp as Director		For	For		Mgmt
	6	Re-elect Andrew Robb as Director		For	For		Mgmt
	7	Reappoint Ernst & Young LLP as		For	For		Mgmt
		Auditors and Authorise the Board to
		Determine Their Remuneration
	8	Approve Remuneration Report		For	For		Mgmt
	9	Approve Laird plc Share Price		For	Against		Mgmt
		Improvement Plan
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 16,464,702
	11	Approve Change of Company Name to		For	For		Mgmt
		Laird plc
	12	Subject to the Passing of Resolution		For	For		Mgmt
		10, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 2,494,651
Mgmt Rec - Company Management Recommended Vote								Page 179

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	13	Authorise 17,739,746 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	14	Adopt New Articles of Association;		For	For		Mgmt
		With Effect From 00.01 am on 1
		October 2008, Amend New Articles of
		Association Re: Directors' Conflicts of
		Interest
05/09/08 - A	Power Corporation Of		739239101			03/17/08		38,500
	Canada *POW*
		Agenda for Common and
		Participating Preferred Shareholders
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Pierre Beaudoin ---
		Against
	1.2	Elect Director Laurent Dassault --- For
	1.3	Elect Director Andre Desmarais ---
		Against
	1.4	Elect Director Paul Desmarais ---
		Against
	1.5	Elect Director Paul Desmarais Jr ---
		Against
	1.6	Elect Director Anthony Graham --- For
	1.7	Elect Director Robert Gratton --- For
	1.8	Elect Director Donald F. Mazankowski
		--- For
	1.9	Elect Director Jerry E.A. Nickerson ---
		For
	1.10	Elect Director James R. Nininger ---
		For
	1.11	Elect Director R. Jeffery Orr --- For
	1.12	Elect Director Robert Parizeau --- For
	1.13	Elect Director Michel Plessis-Belair ---
		For
	1.14	Elect Director John A. Rae --- For
	1.15	Elect Director Amaury de Seze ---
		Against
	1.16	Elect Director Emoke J.E. Szathmary --
		- For
	2	Ratify Deloitte & Touche LLP as		For	For		Mgmt
		Auditors
	3	Amend Executive Stock Option Plan		For	For		Mgmt
	4	SP 1 - Burma - Related		Against	For		ShrHoldr
	5	SP 2: Increase Dividends for Longer-		Against	Against		ShrHoldr
		Term Shareholders
	6	SP 3: Limit Voting Rights for Shorter-		Against	Against		ShrHoldr
		Term Shareholders
	7	SP 4: Provide Payment into Employee		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 180

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Pension Fund in the Event of a Merger
	8	SP 5: Increase Number of Women		Against	For		ShrHoldr
		Directors
	9	SP 6: Obtain Shareholder Pre-		Against	Against		ShrHoldr
		Approval for Executive Compensation
		Policy and Director Fees
	10	SP 7: Restrict Executives' and		Against	Against		ShrHoldr
		Directors' Exercise of Options
	11	SP 8: Disclose Participation in Hedge		Against	Against		ShrHoldr
		Funds and Subprime Mortgage Loans
	12	SP 9: Provide for Cumulative Voting		Against	For		ShrHoldr
05/09/08 - S	Shire Ltd (formerly Shire plc)		G8125A103			None		439,861
	1	Approve Scheme of Arrangement;		For	For		Mgmt
		Auth. Board to Carry the Scheme into
		Effect; Approve Reduction and
		Subsequent Increase in Share Capital;
		Capitalise Reserves to Shire Limited
		and/or Its Nominee(s); Issue Equity
		with Rights; Amend Articles of
		Association
	2	Approve Reduction of the Amount		For	For		Mgmt
		Standing to the Credit of Shire
		Limited's Share Premium Account by
		Transferring the Sum of USD 3,700M
		from Shire Limited's Share Premium
		Account and Crediting It to a Reserve
		of Profit to be Available to Shire
		Limited
	3	Approve Shire Sharesave Scheme		For	For		Mgmt
		Adopted by Shire Limited
	4	Approve Shire Employee Stock		For	For		Mgmt
		Purchase Plan Adopted by Shire
		Limited
	5	Approve Part A of the Shire Portfolio		For	For		Mgmt
		Share Plan Adopted by Shire Limited
	6	Approve Part B of the Shire Portfolio		For	For		Mgmt
		Share Plan Adopted by Shire Limited
05/09/08 - C	Shire Ltd (formerly Shire plc)		G8125A103			None		439,861
		Court Meeting
	1	Approve Scheme of Arrangement		For	For		Mgmt
		Proposed to be Made Between the
		Company and the Holders of Old Shire
		Ordinary Shares

Mgmt Rec - Company Management Recommended Vote

Page 181

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/13/08 - S	Alpha Bank AE (formerly		X1687N119			None		700,628
	Alpha Credit Bank )
		Repeat Annual Meeting Agenda
	1	Amend Company Articles		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/13/08 - A	AMG Advanced Metallurgical		N04897109			04/28/08		6,966
	Group NV
		Annual Meeting
	1	Open Meeting		None			Mgmt
	2	Receive Report of Management Board		None			Mgmt
		(Non-Voting)
	3	Approve Financial Statements		For			Mgmt
	4	Receive Explanation on Company's		None			Mgmt
		Reserves and Dividend Policy
	5	Approve Discharge of Management		For			Mgmt
		Board
	6	Approve Discharge of Supervisory		For			Mgmt
		Board
	7	Reelect A. Bougrov to Supervisory		For			Mgmt
		Board
	8	Ratify Ernst and Young as Auditors		For			Mgmt
	9	Grant Board Authority to Issue Shares		For			Mgmt
		Up To Ten Percent of Issued Capital
	10	Authorize Board to Exclude Preemptive		For			Mgmt
		Rights from Issuance under Item 9
	11	Authorize Repurchase of Up to Ten		For			Mgmt
		Percent of Issued Share Capital
	12	Approve Communication of Regulated		For			Mgmt
		Information in the English Language
	13	Approve Distribution of Information to		For			Mgmt
		Shareholders by way of Electronic
		Means of Communication
	14	Allow Questions		None			Mgmt
	15	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/13/08 -	ArcelorMittal (formerly		L0302D129			None		183,725
A/S	Arcelor Mittal N.V.)
		Ordinary Business
	1	Receive Board Report and Auditor		None			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 182

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Report on Financial Statements
	2	Accept Financial Statements		For			Mgmt
	3	Accept Consolidated Financial		For			Mgmt
		Statements
	4	Approve Remuneration of Directors		For			Mgmt
	5	Approve Allocation of Income and		For			Mgmt
		Dividends
	6	Approve Discharge of Directors		For			Mgmt
	7.1	Approve Resignations of Directors		For			Mgmt
		(Non-contentious)
	7	Elect Directors		For			Mgmt
	8	Authorize Repurchase Up to Ten		For			Mgmt
		Percent of the Issued Share Capital
	9	Ratify Deloitte as Auditors		For			Mgmt
	10	Approve Stock Option Plan		For			Mgmt
	11	Approve Employee Stock Purchase		For			Mgmt
		Plan
		Special Business
	12	Amend Articles to Reflect Changes in		For			Mgmt
		Capital (Increase Authorized Common
		Stock)
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/13/08 -	Boardwalk Real Estate		096631106			03/14/08		1,347
A/S	Investment Trust *BEI.U*
	1	Fix Number of rustees at Six		For	For		Mgmt
	2	Elect Directors		For	For		Mgmt
	3	Amend Deferred Unit Plan		For	For		Mgmt
	4	Approve Deloitte & Touche LLP as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
	5	Ratify Deferred Unit grants		For	For		Mgmt
	6	Amend Declaration of Trust		For	For		Mgmt
05/13/08 - A	Hengan International Group		G4402L128			05/02/08		145,000
	Co. Ltd.
	1	Accept Consolidated Financial		For	For		Mgmt
		Statements and Directors' and
		Auditors' Report
	2	Approve Final Dividend		For	For		Mgmt
	3a	Reelect Hui Lin Chit as Director		For	For		Mgmt
	3b	Reelect Loo Hong Sing Vincent as		For	Against		Mgmt
		Director
	3c	Reelect Chan Henry as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 183

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3d	Reelect Ada Ying Kay Wong as		For	For		Mgmt
		Director
	3e	Authorize Board to Fix the		For	For		Mgmt
		Remuneration of Directors
	4	Reappoint Auditors and Authorize		For	For		Mgmt
		Board to Fix Their Remuneration
	5	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	6	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
05/13/08 - A	International Power plc		G4890M109			None		897,972
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Elect Alan Murray as Director		For	For		Mgmt
	3	Re-elect Philip Cox as Director		For	For		Mgmt
	4	Re-elect Bruce Levy as Director		For	For		Mgmt
	5	Re-elect Struan Robertson as Director		For	For		Mgmt
	6	Approve Final Dividend of 7.39 Pence		For	For		Mgmt
		Per Ordinary Share
	7	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		and Authorise the Board to Determine
		Their Remuneration
	8	Approve Remuneration Report		For	For		Mgmt
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 250,591,733
	10	Subject to the Passing of Resolution 9,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 35,639,440
	11	Authorise 150,355,040 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	12	Adopt New Articles of Association		For	For		Mgmt

05/13/08 - S	Nedbank Group(frmly Nedcor	S5518R104	None	109,816
	Ltd.)
	Special Meeting Agenda

1	Authorize Financial Assistance to	For	Against	Mgmt
	Members to Purchase Company
	Shares, to the Extent that the
	Proposed Amendments to the BEE
	Schemes Provide that Cash Dividends
Mgmt Rec - Company Management Recommended Vote					Page 184

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Must be Used to Acquire Ordinary
		Shares Which Constitutes the Giving of
		Financial Assistance
	2	Authorize Nedbank Group to Exercise		For	For		Mgmt
		Call Option Granted by SA Retail Trust
		in Respect of Maximum of 2.4 Million
		Shares
	3	Authorize Issuance of Shares for Cash		For	For		Mgmt
		in Terms of Amendments to the South
		African BEE Scheme Agreements and
		the Namibian BEE Scheme
		Agreements
	4	Authorize Issuance of 2.4 Million		For	For		Mgmt
		Shares to SA Black Management
		Scheme
	5	Effect Amendments to the 2005 Share		For	Against		Mgmt
		Incentive Schemes
	6	Place Shares under Power of Directors		For	Against		Mgmt
		for Purposes of the Matched Incentive
		Plan
	7	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions

05/13/08 - A	Nedbank Group(frmly Nedcor	S5518R104	None	109,816
	Ltd.)
	Annual Meeting Agenda

	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for Year Ended Dec.
		31, 2007
	2	Approve Dividends		For	For		Mgmt
	3	Elect Directors		For	For		Mgmt
	4	Reelect R Harris as Director Appointed		For	For		Mgmt
		During the Year
	5	Approve Remuneration of Non-		For	For		Mgmt
		Executive Directors
	6	Approve Remuneration of Executive		For	For		Mgmt
		Directors
	7	Ratify Joint Auditors		For	For		Mgmt
	8	Authorize Board to Fix Remuneration		For	For		Mgmt
		of the Auditors
	9	Place Authorized But Unissued Shares		For	Against		Mgmt
		under Control of Directors
	10	Authorize Repurchase of Up to 20		For	For		Mgmt
		Percent of Issued Share Capital
05/13/08 -	Seb SA		F82059100			05/08/08		2,908
A/S
		Ordinary Business
Mgmt Rec - Company Management Recommended Vote								Page 185

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1	Approve Financial Statements and		For			Mgmt
		Statutory Reports
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 2.80 per Share
	3	Accept Consolidated Financial		For			Mgmt
		Statements and Statutory Reports
	4	Approve Special Auditors' Report		For			Mgmt
		Regarding Related-Party Transactions
	5	Reelect Thierry de La Tour d'Artaise as		For			Mgmt
		Director
	6	Reelect Philippe Lenain as Director		For			Mgmt
	7	Reelect Venelle Investissement,		For			Mgmt
		Represented by Olivier Roclore, as
		Director
	8	Reelect Jerome Wittlin as Director		For			Mgmt
	9	Authorize Repurchase of Up to 10		For			Mgmt
		Percent of Issued Share Capital
		Special Business
	10	Approve Reduction in Share Capital via		For			Mgmt
		Cancellation of Repurchased Shares
	11	Approve Stock Option Plans Grants		For			Mgmt
	12	Authorize up to 2 Percent of Issued		For			Mgmt
		Capital for Use in Restricted Stock
		Plan
	13	Authorize Issuance of Equity or Equity-		For			Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 20 Million
	14	Authorize Issuance of Equity or Equity-		For			Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 20 Million
	15	Authorize Capitalization of Reserves of		For			Mgmt
		Up to EUR 10 Million for Bonus Issue
		or Increase in Par Value
	16	Authorize Board to Increase Capital in		For			Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	17	Set Global Limit for Capital Increase to		For			Mgmt
		Result from All Issuance Requests at
		EUR 40 Million
	18	Approve Employee Stock Purchase		For			Mgmt
		Plan
	19	Approve 1 for 3 Stock Split		For			Mgmt
	20	Amend Article 17 of Bylaws Re: Length		For			Mgmt
		of Term and Age Limits of Directors
	21	Amend Article 32 of Bylaws Re:		For			Mgmt
		Record Date
	22	Authorize Filing of Required		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 186

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

Documents/Other Formalities
Not voted due to shareblocking restriction. The
potential impact on trading/loan share activities
would outweigh the economic value of the vote.

05/14/08 - A	BG Group plc		G1245Z108			None		931,821
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 5.76 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Elect Dr John Hood as Director		For	For		Mgmt
	5	Re-elect Baroness Hogg as Director		For	For		Mgmt
	6	Re-elect Sir John Coles as Director		For	For		Mgmt
	7	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	8	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	9	Authorise the Company to Make EU		For	For		Mgmt
		Political Donations to Political Parties
		or Independent Election Candidates up
		to GBP 15,000, to Political
		Organisations Other Than Political
		Parties up to GBP 15,000 and Incur EU
		Political Expenditure up to GBP 20,000
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 117,078,772
	11	Approve BG Group plc Long Term		For	For		Mgmt
		Incentive Plan 2008
	12	Approve BG Group plc Sharesave Plan		For	For		Mgmt
		2008
	13	Approve BG Group plc Share Incentive		For	For		Mgmt
		Plan 2008
	14	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 16,720,201
	15	Authorise 334,404,035 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	16	Adopt New Articles of Association		For	For		Mgmt
05/14/08 - A	Fugro NV		N3385Q197			05/07/08		124,238
		Annual Meeting
	1	Open Meeting		None			Mgmt
	2	Receive Report of Management and		None			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 187

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Supervisory Boards (Non-Voting)
	3	Approve Financial Statements and		For			Mgmt
		Statutory Reports
	4	Approve Discharge of Management		For			Mgmt
		Board
	5	Approve Discharge of Supervisory		For			Mgmt
		Board
	6a	Receive Explanation on Company's		None			Mgmt
		Reserves and Dividend Policy
	6b	Approve Dividends of EUR 1.25 Per		For			Mgmt
		Share
	7	Elect A. Jonkman as Management		For			Mgmt
		Board Member
	8a	Approve Remuneration Report		For			Mgmt
		Containing Remuneration Policy for
		Management Board Members
	8b	Amend Stock Option Plan		For			Mgmt
	9	Authorize Repurchase of Up to Ten		For			Mgmt
		Percent of Issued Share Capital
	10a	Grant Board Authority to Issue All		For			Mgmt
		Preference Shares and Ordinary
		Shares
	10b	Authorize Board to Exclude Preemptive		For			Mgmt
		Rights from Issuance under Item 10a
	11	Other Business (Non-Voting)		None			Mgmt
	12	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/14/08 - A	Gemalto		N3465M108			05/07/08		124,974
		Annual Meeting
	1	Open Meeting		None			Mgmt
	2a	Receive Report of Management Board		None			Mgmt
		(Non-Voting)
	2b	Language of the Annual Report		None			Mgmt
	3	Approve Financial Statements		For			Mgmt
	4	Dividend Policy and Allocation of 2007		None			Mgmt
		Results
	5a	Approve Discharge of the CEO and the		For			Mgmt
		Executive Chairman
	5b	Approve Discharge of Non-Executive		For			Mgmt
		Board Members
	6a	Reelect Geoffrey Fink to Board of		For			Mgmt
		Directors
	6b	Reelect Arthur van der Poel to Board of		For			Mgmt
		Directors
Mgmt Rec - Company Management Recommended Vote								Page 188

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6c	Reelect Olivier Piou to Board of		For			Mgmt
		Directors
	7	Approve Remuneration Report		For			Mgmt
		Containing Remuneration Policy for the
		CEO
	8	Approve Restricted Stock Plan In		For			Mgmt
		Favor of The CEO
	9	Amend Articles Re: Quorum		For			Mgmt
		Requirements
	10	Authorize Repurchase of Up to Ten		For			Mgmt
		Percent of Issued Share Capital
	11a	Approve Reduction in Share Capital By		For			Mgmt
		Cancellation of 3 Million Treasury
		Shares
	11b	Approve Reduction in Share Capital		For			Mgmt
	12a	Grant Board Authority to Issue All		For			Mgmt
		Issuable Shares
	12b	Authorize Board to Exclude Preemptive		For			Mgmt
		Rights from Issuance under Item 12a
	13	Ratify PricewaterhouseCoopers as		For			Mgmt
		Auditors
	14	Allow Questions		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/14/08 - A	International Personal		G4906Q102			None		100,690
	Finance plc
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 2.85 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Elect Christopher Rodrigues as		For	Abstain		Mgmt
		Director
	5	Elect John Harnett as Director		For	For		Mgmt
	6	Elect David Broadbent as Director		For	For		Mgmt
	7	Elect Ray Miles as Director		For	For		Mgmt
	8	Elect Charles Gregson as Director		For	For		Mgmt
	9	Elect Tony Hales as Director		For	For		Mgmt
	10	Elect Nick Page as Director		For	For		Mgmt
	11	Appoint PricewaterhouseCoopers LLP		For	For		Mgmt
		as Auditors of the Company
	12	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
Mgmt Rec - Company Management Recommended Vote								Page 189

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Amount of GBP 8,488,000
	14	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 1,286,000
	15	Authorise 25,721,700 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	16	Adopt New Articles of Association		For	For		Mgmt
05/14/08 - A	K+S AG		D37808108			04/23/08		20,792
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 2 per Share
	3	Approve Discharge of Management		For			Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For			Mgmt
		Board for Fiscal 2007
	5	Ratify Deloitte & Touche GmbH as		For			Mgmt
		Auditors for Fiscal 2008
	6a	Reelect Jella Benner-Heinacher as		For			Mgmt
		Supervisory Board Members
	6b	Reelect Rainer Grohe to the		For			Mgmt
		Supervisory Board
	6c	Reelect Karl Heidenreich to the		For			Mgmt
		Supervisory Board
	6d	Reelect Bernd Malmstroem to the		For			Mgmt
		Supervisory Board
	6e	Reelect Rudolf Mueller to the		For			Mgmt
		Supervisory Board
	6f	Reelect Eckart Suenner to the		For			Mgmt
		Supervisory Board
	6g	Elect Uwe-Ernst Bufe to the		For			Mgmt
		Supervisory Board
	7	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Approve Issuance of Warrants/Bonds		For			Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 5
		Billion; Approve Creation of EUR 54.4
		Million Pool of Capital to Guarantee
		Conversion Rights
	9	Approve EUR 56.2 Million		For			Mgmt
		Capitalization of Reserves; Approve
		4:1 Stock Split
	10	Amend Articles to Reflect Changes in		For			Mgmt
		Capital
Mgmt Rec - Company Management Recommended Vote								Page 190

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

Not voted due to shareblocking restriction. The
potential impact on trading/loan share activities
would outweigh the economic value of the vote.

05/14/08 - A	OMV AG		A51460110			None		87,118
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports (Non-Voting)
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 1.25 per Share
	3	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance of Repurchased
		Shares
	4	Ratify Deloitte Wirtschaftspruefungs		For			Mgmt
		GmbH as Auditors
	5	Approve Stock Option Plan for Key		For			Mgmt
		Employees
	6	Approve Discharge of Management		For			Mgmt
		and Supervisory Board
	7	Approve Remuneration of Supervisory		For			Mgmt
		Board Members
	8	Elect Alyazia Al Kuwaiti and Mohamed		For			Mgmt
		Al Khaja to the Supervisory Board
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/14/08 - A	TENCENT HOLDINGS		G87572122			05/07/08		143,600
	LIMITED
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend		For	For		Mgmt
	3a1	Reelect Antonie Andries Roux as		For	For		Mgmt
		Director
	3a2	Reelect Li Dong Sheng as Director		For	Against		Mgmt
	3b	Authorize Board to Fix Their		For	For		Mgmt
		Remuneration
	4	Reappoint Auditors and Authorize		For	For		Mgmt
		Board to Fix Their Remuneration
	5	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	6	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares

Mgmt Rec - Company Management Recommended Vote

Page 191

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
05/14/08 - A	Unilever plc	G92087165			None		553,837

	1	Accept Financial Statements and	For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report	For	For		Mgmt
	3	Approve Final Dividend of 34.11 Pence	For	For		Mgmt
		Per Ordinary Share
	4	Re-elect Patrick Cescau as Director	For	For		Mgmt
	5	Elect Jim Lawrence as Director	For	For		Mgmt
	6	Approve the Increased Annual Awards	For	For		Mgmt
		Limit of 340% of Base Salary Under
		the Unilever Global Share Incentive
		Plan 2007 and Annual Bonus
		Opportunity Limit of 160% of Base
		Salary to Apply to Jim Lawrence (CFO)
	7	Re-elect Genevieve Berger as Director	For	For		Mgmt
	8	Re-elect The Lord Brittan of	For	For		Mgmt
		Spennithorne as Director
	9	Re-elect Wim Dik as Director	For	For		Mgmt
	10	Re-elect Charles Golden as Director	For	For		Mgmt
	11	Re-elect Byron Grote as Director	For	For		Mgmt
	12	Re-elect Narayana Murthy as Director	For	For		Mgmt
	13	Re-elect Hixonia Nyasulu as Director	For	For		Mgmt
	14	Re-elect The Lord Simon of Highbury	For	For		Mgmt
		as Director
	15	Re-elect Kees Storm as Director	For	For		Mgmt
	16	Re-elect Michael Treschow as Director	For	For		Mgmt
	17	Re-elect Jeroen van der Veer as	For	For		Mgmt
		Director
	18	Reappoint PricewaterhouseCoopers	For	For		Mgmt
		LLP as Auditors of the Company
	19	Authorise Board to Fix Remuneration	For	For		Mgmt
		of Auditors
	20	Authorise Issue of Equity or Equity-	For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 13,450,000
	21	Subject to the Passing of the Previous	For	For		Mgmt
		Resolution, Authorise Issue of Equity
		or Equity-Linked Securities without
		Pre-emptive Rights up to Aggregate
		Nominal Amount of GBP 2,000,000
	22	Authorise 131,000,000 Ordinary	For	For		Mgmt
		Shares for Market Purchase
	23	Adopt New Articles of Association	For	For		Mgmt
05/15/08 - A	Adelaide Brighton Ltd. *ABC* Q0109N101				05/13/08		255,255
	1	Accept Financial Statements and	None	None		Mgmt
		Statutory Reports for the Year Ended
		Dec. 31, 2007
	2	Elect J D McNerney as Director	For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote							Page 192

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Elect G F Pettigrew as Director		For	For		Mgmt
	4	Approve Remuneration of Directors in		For	For		Mgmt
		the Amount of A$950,000
	5	Approve Remuneration Report for the		For	For		Mgmt
		Year Ended Dec. 31, 2007
05/15/08 - A	Cookson Group plc		G24108212			None		389,603
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 8.75 Pence		For	For		Mgmt
		Per Ordinary Share
	3	Approve Remuneration Report		For	For		Mgmt
	4	Re-elect Jan Oosterveld as Director		For	For		Mgmt
	5	Re-elect Barry Perry as Director		For	For		Mgmt
	6	Re-elect John Sussens as Director		For	For		Mgmt
	7	Re-elect Nick Salmon as Director		For	For		Mgmt
	8	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		of the Company
	9	Subject to the Passing of Resolution 8,		For	For		Mgmt
		Authorise Board to Fix Remuneration
		of Auditors
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 7,086,467
	11	Subject to the Passing of Resolution		For	For		Mgmt
		10, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 1,062,970
	12	Authorise 21,259,402 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	13	Authorise Company to Make EU		For	For		Mgmt
		Political Donations to Political Parties
		and/or Independent Election
		Candidates, to Make EU Political
		Donations to Political Organisations
		Other than Political Parties and Incur
		EU Political Expenditure up to GBP
		100,000
	14	With Effect from the End of This		For	For		Mgmt
		Annual General Meeting, Adopt New
		Articles of Association
	15	With Effect from 00.01am on 1 October		For	For		Mgmt
		2008 or Any Later Date on Which
		Section 175 of the Companies Act
		Comes into Effect, Amend Articles of
		Association Re: Conflicts of Interest
		and Authorisations of Directors'
		Interests
Mgmt Rec - Company Management Recommended Vote								Page 193

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
05/15/08 - A	Ferrexpo plc	G3435Y107			None		68,313

	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Dividend of 3.2 US Cents Per		For	For		Mgmt
		Ordinary Share
	4	Appoint Ernst & Young LLP as Auditors		For	For		Mgmt
		of the Company
	5	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	6	Elect Michael Abrahams as Director		For	For		Mgmt
	7	Elect Mike Oppenheimer as Director		For	For		Mgmt
	8	Elect Dennis McShane as Director		For	For		Mgmt
	9	Elect Christopher Mawe as Director		For	For		Mgmt
	10	Elect Kostyantyn Zhevago as Director		For	For		Mgmt
	11	Elect Raffaele Genovese as Director		For	For		Mgmt
	12	Elect Wolfram Kuoni as Director		For	For		Mgmt
	13	Elect Ihor Mitiukov as Director		For	For		Mgmt
	14	Elect Oliver Baring as Director		For	For		Mgmt
	15	Approve Ferrexpo plc Long Term		For	For		Mgmt
		Incentive Plan
	16	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 20,465,598
	17	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 3,069,839
	18	Authorise 61,396,795 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	19	With Immediate Effect, Adopt New		For	For		Mgmt
		Articles of Association
	20	With Effect From 00.01 a.m. on 1		For	For		Mgmt
		October 2008, Amend Articles of
		Association Re: Directors' Interests
05/15/08 - A	Koninklijke Boskalis		N14952266			None		116,633
	Westminster NV
		Annual Meeting
	1	Open Meeting		None			Mgmt
	2	Receive Report of Management Board		None			Mgmt
		(Non-Voting)
	3a	Approve Financial Statements and		For			Mgmt
		Statutory Reports
	3b	Receive Report of Supervisory Board		None			Mgmt
		(Non-Voting)
Mgmt Rec - Company Management Recommended Vote								Page 194

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4a	Receive Information on Allocation of		None			Mgmt
		Income
	4b	Approve Dividends of EUR 1.19 Per		For			Mgmt
		Share
	5	Approve Discharge of Management		For			Mgmt
		Board
	6	Approve Discharge of Supervisory		For			Mgmt
		Board
	7	Authorize Repurchase of Up to Ten		For			Mgmt
		Percent of Issued Share Capital
	8	Allow Questions		None			Mgmt
	9	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/15/08 - A	Leoni AG		D50120134			None		4,635
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.90 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2007
	5	Ratify Ernst & Young AG as Auditors		For	For		Mgmt
		for Fiscal 2008
	6	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Approve Affiliation Agreements with		For	For		Mgmt
		Subsidiary LEONI Kabel Holding
		GmbH
	8	Amend Articles Re: Remuneration of		For	For		Mgmt
		Nomination Committee; Decision
		Making of Supervisory Board
05/15/08 - S	National Bank of Greece		X56533114			None		253,951
		Repeat Annual Meeting Agenda
	1	Amend Company Articles		For			Mgmt
	2	Authorize Issuance of Bonds		For			Mgmt
	3	Authorize Share Capital Increase		For			Mgmt
		through Dividend Reinvestment
	4	Approve Share Capital Increase		For			Mgmt
	5	Authorize Preference Share Issuance		For			Mgmt
		without Preemptive Rights
Mgmt Rec - Company Management Recommended Vote								Page 195

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

Not voted due to shareblocking restriction. The
potential impact on trading/loan share activities
would outweigh the economic value of the vote.

05/15/08 - A	Paddy Power (frmrly. POWER G68673105				None		29,279
	LEISURE)
	1	Accept Financial Statements and	For	For		Mgmt
		Statutory Reports
	2	Approve Dividends	For	For		Mgmt
	3a	Reelect Brody Sweeney as Director	For	For		Mgmt
	3b	Reelect Breon Corcoran as Director	For	Against		Mgmt
	4	Authorize Board to Fix Remuneration	For	For		Mgmt
		of Auditors
	5	Authorize Issuance of Equity or Equity-	For	For		Mgmt
		Linked Securities without Preemptive
		Rights
	6	Authorize Share Repurchase Program	For	For		Mgmt
	7	Approve Reissuance of Repurchased	For	For		Mgmt
		Shares
	8	Amend Rules of Paddy Power PLC	For	For		Mgmt
		November 2000 Share Option Scheme
	9	Amend Rules of Paddy Power PLC	For	For		Mgmt
		Second Tier Share Option Scheme
	10	Amend Rules of Paddy Power PLC	For	For		Mgmt
		2004 Long Term Incentive Plan
05/15/08 - A	Petrochina Company Limited Y6883Q104				05/06/08		777,587
		Special Business
	1	Amend Articles of Association	For	For		Mgmt
		Ordinary Business
	2	Approve Report of the Board of	For	For		Mgmt
		Directors
	3	Approve Report of the Supervisory	For	For		Mgmt
		Committee
	4	Accept Financial Statements and	For	For		Mgmt
		Statutory Reports
	5	Approve Final Dividend	For	For		Mgmt
	6	Approve Interim Dividend for the Year	For	For		Mgmt
		2008
	7	Reappoint PricewaterhouseCoopers,	For	For		Mgmt
		Certified Public Accountants and
		PricewaterhouseCoopers Zhong Tian
		CPAs Co. Ltd., Certified Public
		Accountants as International and
		Domestic Auditors, Respectively, and
		Authorize Board to Fix Their
		Remuneration
Mgmt Rec - Company Management Recommended Vote							Page 196

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8a	Elect Jiang Jiemin as Director		For	For		Mgmt
	8b	Elect Zhou Jiping as Director		For	For		Mgmt
	8c	Elect Duan Wende as Director		For	For		Mgmt
	8d	Elect Wang Yilin as Director		For	For		Mgmt
	8e	Elect Zeng Yukang as Director		For	For		Mgmt
	8f	Elect Wang Fucheng as Director		For	For		Mgmt
	8g	Elect Li Xinhua as Director		For	For		Mgmt
	8h	Elect Liao Yongyuan as Director		For	For		Mgmt
	8i	Elect Wang Guoliang as Director		For	For		Mgmt
	8j	Reelect Jiang Fan as Director		For	For		Mgmt
	8k	Elect Chee-Chen Tung as Independent		For	For		Mgmt
		Non-Executive Director
	8l	Elect Liu Hongru as Independent Non-		For	For		Mgmt
		Executive Director
	8m	Elect Franco Bernabe as Independent		For	For		Mgmt
		Non-Executive Director
	8n	Elect Li Yongwu as Independent Non-		For	For		Mgmt
		Executive Director
	8o	Elect Cui Junhui as Independent Non-		For	For		Mgmt
		Executive Director
	9a	Elect Chen Ming as Supervisor		For	For		Mgmt
	9b	Elect Wen Qingshan as Supervisor		For	For		Mgmt
	9c	Elect Sun Xianfeng as Supervisor		For	For		Mgmt
	9d	Elect Yu Yibo as Supervisor		For	For		Mgmt
	9e	Elect Wu Zhipan as Independent		For	For		Mgmt
		Supervisor
	9f	Elect Li Yuan as Independent		For	For		ShrHoldr
		Supervisor
	10	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	11	Approve Rules and Procedures of		For	For		Mgmt
		Shareholders' General Meeting
	12	Approve Rules and Procedures of the		For	For		Mgmt
		Board
	13	Approve Rules and Procedures of the		For	For		Mgmt
		Supervisory Committee
	14	Other Business (Voting)		For	Against		Mgmt
05/15/08 - A	Prudential plc		G72899100			None		697,202
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Re-elect Keki Dadiseth as Director		For	For		Mgmt
	4	Re-elect Kathleen O'Donovan as		For	For		Mgmt
		Director
	5	Re-elect James Ross as Director		For	For		Mgmt
	6	Re-elect Lord Turnbull as Director		For	For		Mgmt
	7	Elect Sir Winfried Bischoff as Director		For	For		Mgmt
	8	Elect Ann Godbehere as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 197

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	9	Elect Tidjane Thiam as Director		For	For		Mgmt
	10	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		of the Company
	11	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	12	Approve Final Dividend of 12.3 Pence		For	For		Mgmt
		Per Ordinary Share
	13	Approve New Remuneration		For	For		Mgmt
		Arrangements for the Chief Executive
		of M&G; Approve the Participation of
		the Chief Executive of M&G in the
		M&G Executive Long-Term Incentive
		Plan
	14	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 41,150,000
	15	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 6,175,000
	16	Authorise 247,000,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	17	Adopt New Articles of Association		For	For		Mgmt
	18	Amend Articles of Association Re:		For	For		Mgmt
		Directors' Qualification Shares
05/15/08 - A	Tullett Prebon plc		G9130W106			None		153,093
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Re-elect David Clark as Director		For	For		Mgmt
	4	Re-elect Michael Fallon as Director		For	For		Mgmt
	5	Re-elect Richard Kilsby as Director		For	For		Mgmt
	6	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors and Authorise the Board to
		Determine Their Remuneration
	7	Approve Final Dividend of 8.0 Pence		For	For		Mgmt
		Per Ordinary Share
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 17,747,402
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 2,662,110
	10	Authorise 21,296,881 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	11	Approve Tullett Prebon Sharesave		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 198

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Plan
	12	With Effect From 1 October 2008,		For	For		Mgmt
		Adopt New Articles of Association

05/15/08 -	Vinci		F5879X108	05/12/08	114,755
A/S
		Ordinary Business

1	Accept Consolidated Financial	For	For	Mgmt
	Statements and Statutory Reports
2	Approve Financial Statements and	For	For	Mgmt
	Statutory Reports
3	Approve Allocation of Income and	For	For	Mgmt
	Dividends of EUR 1.52 per Share
4	Approve Stock Dividend Program	For	For	Mgmt
5	Reelect Dominique Bazy as Director	For	Against	Mgmt
6	Reelect Quentin Davies as Director	For	For	Mgmt
7	Elect Denis Vernoux as Representative	For	Against	Mgmt
	of Employee Shareholders to the
	Board
8	Elect Jean-Louis Depoues as	For	Against	Mgmt
	Representative of Employee
	Shareholders to the Board
9	Elect Bernhard Klemm as	For	Against	Mgmt
	Representative of Employee
	Shareholders to the Board
10	Elect Jean Ceccaldi as Representative	For	Against	Mgmt
	of Employee Shareholders to the
	Board
11	Elect Alain Dupont as Representative	For	Against	Mgmt
	of Employee Shareholders to the
	Board
12	Elect Michel Daire as Representative	For	Against	Mgmt
	of Employee Shareholders to the
	Board
13	Authorize Repurchase of Up to Ten	For	For	Mgmt
	Percent of Issued Share Capital
14	Approve Transaction with Cofiroute	For	For	Mgmt
	Related to its holding
15	Approve Transaction with Cofiroute	For	For	Mgmt
	Holding Related to a Loan
16	Approve Transaction with Cofiroute	For	For	Mgmt
	and Operadora del Bosque
17	Approve Transaction with the	For	For	Mgmt
	Chairman of the Board Related to
	Additionnal Pension Scheme
	Special Business
18	Approve Reduction in Share Capital via	For	For	Mgmt
	Cancellation of Repurchased Shares
19	Authorize Issuance of Equity Upon	For	For	Mgmt

Mgmt Rec - Company Management Recommended Vote

Page 199

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Conversion of a Subsidiary's Equity-
		Linked Securities
	20	Authorize up to 1 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock
		Plan
	21	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/16/08 - A	Gildemeister AG		D2825P117			04/25/08		24,614
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 0.35 per Share
	3	Approve Discharge of Management		For			Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For			Mgmt
		Board for Fiscal 2007
	5a	Elect Henning Offen to the Supervisory		For			Mgmt
		Board
	5b	Elect Guenther Berger to the		For			Mgmt
		Supervisory Board
	5c	Elect Juergen Harnisch to the		For			Mgmt
		Supervisory Board
	5d	Elect Klaus Kessler to the Supervisory		For			Mgmt
		Board
	5e	Elect Walter Kunerth to the		For			Mgmt
		Supervisory Board
	5f	Elect Uwe Loos to the Supervisory		For			Mgmt
		Board
	6	Amend Articles Re: Broadcasting of		For			Mgmt
		General Meeting
	7	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Ratify KPMG Deutsche Treuhand-		For			Mgmt
		Gesellschaft AG as Auditors for Fiscal
		2008
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/16/08 - A	Midland Holdings Ltd		G4491W100			None		2,000
	(formerly Midland Realty
	Holdings Ltd)
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend and Special		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 200

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Cash Bonus
	3a	Reelect Wong Kin Yip, Freddie as		For	For		Mgmt
		Director
	3b	Reelect Chan Kwan Hing, Vincent as		For	For		Mgmt
		Director
	3c	Reelect Lam Fung Fong, Iris as		For	For		Mgmt
		Director
	3d	Reelect Wong Ching Yi, Angela as		For	For		Mgmt
		Director
	3e	Approve Remuneration of Directors		For	For		Mgmt
	4	Reappoint PricewaterhouseCoopers as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
	5	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	6	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
05/16/08 - A	Petrofac Ltd		G7052T101			None		549,725
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve (Final) Dividends		For	For		Mgmt
	3	Approve Remuneration Report		For	For		Mgmt
	4	Reelect Rodney Chase as Director		For	For		Mgmt
	5	Reelect Ayman Asfari as Director		For	For		Mgmt
	6	Reelect Keith Roberts as Director		For	For		Mgmt
	7	Reappoint Ernst & Young LLP as		For	For		Mgmt
		Auditors
	8	Authorize Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	9	Issue of Equity or Equity-Linked		For	For		Mgmt
		Securities with Pre-emptive Rights
	10	Issue of Equity or Equity-Linked		For	For		Mgmt
		Securities without Pre-emptive Rights
	11	Authorize Shares for Market Purchase		For	For		Mgmt
	12	Amend Articles of Association RE:		For	For		Mgmt
		Disclosure of Interests in Voting Rights,
		Age Discrimination and Notification
		Obligations
05/16/08 - S	Sasol Ltd.		803866102			None		92,701
	1	Amend Articles of Association Re:		For	For		Mgmt
		Rights Attached to Sasol Preferred
		Ordinary Shares and Sasol BEE
		Ordinary Shares
	2	Authorize Creation of Sasol Preferred		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 201

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Oridnary Shares
	3	Authorize Creation of Sasol BEE		For	For		Mgmt
		Ordinary Shares
	4	Amend Articles to Reflect Changes in		For	For		Mgmt
		Capital
	5	Place Ordinary Shares under Control		For	For		Mgmt
		of Directors to be Alloted to the
		Trustees of Sasol Inzalo Management
		Trust
	6	Issue Ordinary Shares at a Lower Price		For	For		Mgmt
		than Stated Capital Per Share for
		Sazol Inzalo Management Trust
	7	Issue Orinary Shares to Sasol Inzalo		For	For		Mgmt
		Management Trust, of which
		Kandimathie Christine Ramon May be
		a Beneficiary
	8	Issue Orinary Shares to Sasol Inzalo		For	For		Mgmt
		Management Trust, of which Anthony
		Madimetja Mokaba May be a
		Beneficiary
	9	Issue Orinary Shares to Sasol Inzalo		For	For		Mgmt
		Management Trust, of which Victoria
		Nolitha Fakude May be a Beneficiary
	10	Issue Orinary Shares to Sasol Inzalo		For	For		Mgmt
		Management Trust, in which Black
		Mangers, Other than Black Executive
		Directors, May be Beneficiaries
	11	Issue Orinary Shares to Sasol Inzalo		For	For		Mgmt
		Management Trust, in which Future
		Black Managers, Other than Black
		Executive Directors, May be
		Beneficiaries
	12	Authorize Future Purchase of Ordinary		For	For		Mgmt
		Shares from the Trustees of Sasol
		Inzalo Mangement Trust
	13	Place Ordinary Shares under Control		For	For		Mgmt
		of Directors to be Alloted to the
		Trustees of Sasol Inzalo Employee
		Trust
	14	Issue Ordinary Shares at a Lower Price		For	For		Mgmt
		than Stated Capital Per Share for
		Sazol Inzalo Employee Trust
	15	Issue Orinary Shares to Sasol Inzalo		For	For		Mgmt
		Employee Trust, in which Managers
		who are Employed by the Sasol Group
		May be Beneficiaries
	16	Issue Orinary Shares to Sasol Inzalo		For	For		Mgmt
		Employee Trust, in which Future
		Managers who are Employed by the
		Sasol Group May be Beneficiaries
	17	Authorize Future Purchase of Ordinary		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 202

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Shares from the Trustees of Sasol
		Inzalo Employee Trust
	18	Place Ordinary Shares under Control		For	For		Mgmt
		of Directors to be Alloted to the
		Trustees of Sasol Inzalo Foundation
	19	Issue Ordinary Shares at a Lower Price		For	For		Mgmt
		than Stated Capital Per Share for
		Sazol Inzalo Foundation
	20	Authorize Future Purchase of Ordinary		For	For		Mgmt
		Shares from the Trustees of Sasol
		Inzalo Foundation
	21	Place Sasol Preferred Ordinary Shares		For	For		Mgmt
		under Control of Directors to be Alloted
		to the Trustees of Sasol Inzalo Groups
		Funding Limited
	22	Approve Loans to the Trustees of		For	For		Mgmt
		Sasol Inzalo Groups Funding Limited
		to Purchase Shares
	23	Approve Loans to the Trustees of		For	For		Mgmt
		Sasol Inzalo Groups Facilitation Trust
		to Purchase Shares
	24	Place Sasol Preferred Ordinary Shares		For	For		Mgmt
		under Control of Directors to be Alloted
		to Directors
	25	Approve Loans to the Trustees of		For	For		Mgmt
		Sasol Inzalo Public Facilitation Trust to
		Purchase Shares
	26	Place Sasol Preferred Ordinary Shares		For	For		Mgmt
		under Control of Directors to be Alloted
		to Sasol Inzalo Public Funding Limited
	27	Approve Loans to Purchase Shares or		For	For		Mgmt
		Granting of Shares to Sasol Inzalo
		Public Funding Limited, in which
		Mandla Sizwe Vulindlela Gantsho May
		be Indirectly Interested
	28	Approve Loans to Purchase Shares or		For	For		Mgmt
		Granting of Shares to Sasol Inzalo
		Public Funding Limited, in which Sam
		Montsi May be Indirectly Interested
	29	Approve Loans to Purchase Shares or		For	For		Mgmt
		Granting of Shares to Sasol Inzalo
		Public Funding Limited, in which
		Thembalihle Hixonia Nyasulu May be
		Indirectly Interested
	30	Approve Loans to Purchase Shares or		For	For		Mgmt
		Granting of Shares to Sasol Inzalo
		Public Funding Limited, in which
		Anthony Madimetja Mokamba May be
		Indirectly Interested
	31	Approve Loans to Purchase Shares or		For	For		Mgmt
		Granting of Shares to Sasol Inzalo
Mgmt Rec - Company Management Recommended Vote								Page 203

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Public Funding Limited, in which
		Victoria Nolitha Fakunde May be
		Indirectly Interested
	32	Approve Loans to Purchase Shares or		For	For		Mgmt
		Granting of Shares to Sasol Inzalo
		Public Funding Limited, in which
		Kandimathie Christine Ramon May be
		Indirectly Interested
	33	Approve Loans to Purchase Shares or		For	For		Mgmt
		Granting of Shares to Sasol Inzalo
		Public Funding Limited, in which
		Nonhlanhla Mkhize May be Indirectly
		Interested
	34	Approve Loans to Purchase Shares or		For	For		Mgmt
		Granting of Shares to Sasol Inzalo
		Public Funding Limited, in which a
		Black Manager Employed by Sasol
		Group May be Indirectly Interested
	35	Approve Loans to Purchase Shares or		For	For		Mgmt
		Granting of Shares to Sasol Inzalo
		Public Funding Limited, in which a
		Manager Employed by Sasol Group
		May be Indirectly Interested
	36	Approve Loans to Sasol Inzalo Public		For	For		Mgmt
		Funding Limited to Purchase Shares
	37	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
	38	Approve Loans to the Trustees of		For	For		Mgmt
		Sasol Inzalo Management Trust to
		Purchase Shares
	39	Approve Loans to the Trustees of		For	For		Mgmt
		Sasol Inzalo Employee Trust to
		Purchase Shares
	40	Approve Loans to the Trustees of		For	For		Mgmt
		Sasol Inzalo Foundation to Purchase
		Shares
05/16/08 -	Total SA		F92124100			05/13/08		346,225
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 2.07 per Share
	4	Approve Special Auditors' Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Approve Transaction with Thierry		For	For		Mgmt
		Desmarest
Mgmt Rec - Company Management Recommended Vote								Page 204

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6	Approve Transaction with Christophe		For	Against		Mgmt
		de Margerie
	7	Authorize Repurchase of Up to Ten		For	For		Mgmt
		Percent of Issued Share Capital
	8	Reelect Paul Desmarais Jr. as Director		For	For		Mgmt
	9	Reelect Bertrand Jacquillat as Director		For	For		Mgmt
	10	Reelect Lord Peter Levene of		For	For		Mgmt
		Portsoken as Director
	11	Elect Patricia Barbizet as Director		For	For		Mgmt
	12	Elect Claude Mandil as Director		For	For		Mgmt
		Special Business
	13	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 2.5 billion
	14	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 875 million
	15	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	16	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	17	Authorize up to 0.8 Percent of Issued		For	For		Mgmt
		Capital for Use in Restricted Stock
		Plan
	A	Dismiss Antoine Jeancourt-Galignani		Against	Against		ShrHoldr
	B	Amend Articles of Association Re:		Against	For		ShrHoldr
		Attendance Statistics of Directors at
		BoardMeetings and at Each Board's
		Committee Meetings
	C	Authorize up to 0.2 Percent of Issued		Against	Against		ShrHoldr
		Capital for Use in Restricted Stock
		Plan to the Benefit of All Company
		Employees
05/16/08 - S	ZHAOJIN MINING INDUSTRY		Y988A6104			04/16/08		161,500
	CO LTD
		Meeting forHolders of H Shares
		Special Business
	1	Approve Increase in the Registered		For	For		Mgmt
		Capital from RMB 728.7 Million to RMB
		1.5 Billion By the Bonus Issue on the
		Basis of One Bonus Share for Every
		One Share Held

Mgmt Rec - Company Management Recommended Vote

Page 205

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/16/08 - A	ZHAOJIN MINING INDUSTRY		Y988A6104			04/16/08		161,500
	CO LTD
	1	Accept Report of the Board of Directors		For	For		Mgmt
	2	Accept Report of the Supervisory		For	For		Mgmt
		Committee
	3	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	4	Approve Final Dividend with a Cash		For	For		Mgmt
		Dividend of RMB 0.25 Per Share
	5	Reappoint Ernst & Young and Beijing		For	For		Mgmt
		Tin Wha Certified Public Accountants
		as International and PRC Auditors,
		Respectively; and Authorize Board to
		Fix Their Remuneration
	6	Approve Increase of Annual		For	For		Mgmt
		Allowances for Independent Non-
		executive Directors from RMB 100,000
		to RMB 160,000
	7	Approve Increase in the Registered		For	For		Mgmt
		Capital from RMB 728.7 Million to RMB
		1.5 Billion By the Bonus Issue on the
		Basis of One Bonus Share for Every
		One Share Held
	8	Amend Articles Re: Registered Name		For	For		Mgmt
		of the Company
	9	Amend Articles Re: Capital Structure		For	For		Mgmt
	10	Amend Articles Re: Registered Capital		For	For		Mgmt
		of the Company
05/19/08 -	Oriflame Cosmetics S.A.		L7272A100			None		18,250
A/S
		Ordinary Business
	1	Elect Pontus Andreasson as Chairman		For			Mgmt
		of AGM and EGM
	2	Receive Special Board Report on		None			Mgmt
		Conflicts of Interest
	3	Approve Report of Directors and		For			Mgmt
		Auditors for Fiscal Year 2007
	4	Accept Consolidated Financial		For			Mgmt
		Statements
	5	Approve Allocation of Income for Fiscal		For			Mgmt
		Year 2007
	6	Approve a Dividend of EUR 1.25 per		For			Mgmt
		Share to be Paid out of the Special
		Reserve and the Proftis of Fiscal Years
		up to 2006
	7	Receive Explanations of the Board and		None			Mgmt
		the Board Committees
	8	Approve Discharge of Directors and		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 206

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Auditors
	9	Elect Directors		For			Mgmt
	9.10	Reelect Robert af Jochnick as Board		For			Mgmt
		Chairman
	9.11	Ratify KPMG as Auditors		For			Mgmt
	10	Approval of Appointment Procedure for		For			Mgmt
		Nomination Committee
	11	Approve Remuneration of Directors		For			Mgmt
	12	Approve Principles of Remuneration to		For			Mgmt
		Members of the Company's Top
		Management
	13	Approve Remuneration to Members of		For			Mgmt
		Audit Commission
		Special Business
	14	Approve Issuance of 2.1 Million of New		For			Mgmt
		Shares Under Stock Option Plan for
		Key Employees
	15	Amend Articles to Reflect Changes in		For			Mgmt
		Capital
	16	Receive Information on Cost		None			Mgmt
		Calcuation of the Oriflame 2005 Share
		Incentive Plan Allocations
	17	Approve Reduction of Share Premium		For			Mgmt
		Account to Finance Share Incentive
		Plan
	18	Transact Other Business (Voting)		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/19/08 - A	Wellstream Holdings plc		G9529Y101			None		20,510
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Appoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors and Authorise the Board to
		Determine Their Remuneration
	3	Elect Neil Gaskell as Director		For	For		Mgmt
	4	Elect Christopher Gill as Director		For	For		Mgmt
	5	Elect Francisco Gros as Director		For	For		Mgmt
	6	Elect Patrick Murray as Director		For	For		Mgmt
	7	Elect Christopher Braithwaite as		For	For		Mgmt
		Director
	8	Elect Gordon Chapman as Director		For	For		Mgmt
	9	Elect Sir Graham Hearne as Director		For	For		Mgmt
	10	Elect John Kennedy as Director		For	For		Mgmt
	11	Approve Remuneration Report		For	For		Mgmt
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
Mgmt Rec - Company Management Recommended Vote								Page 207

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Rights up to Aggregate Nominal
		Amount of GBP 331,900
	13	Subject to the Passing of Resolution		For	For		Mgmt
		12, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 49,789.88
	14	Authorise 9,957,975 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	15	Adopt New Articles of Association		For	For		Mgmt
05/20/08 - A	BOC HONG KONG		Y0920U103			05/13/08	4,464,500
	(HOLDINGS) LTD
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Declare a Final Dividend of HK$0.487		For	For		Mgmt
		Per Share
	3a	Reelect He Guangbei as Director		For	For		Mgmt
	3b	Reelect Zhang Yanling as Director		For	For		Mgmt
	3c	Elect Lee Raymond Wing Hung as		For	For		Mgmt
		Director
	3d	Elect Gao Yingxin as Director		For	For		Mgmt
	3e	Relect Fung Victor Kwok King as		For	For		Mgmt
		Director
	3f	Relect Shan Weijian as Director		For	For		Mgmt
	4	Reappoint PricewaterhouseCoopers as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
	5	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	6	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
05/20/08 - S	BOC HONG KONG		Y0920U103			05/13/08	4,464,500
	(HOLDINGS) LTD
	1	Approve Connected Transaction with a		For	For		Mgmt
		Related Party and New Annual Caps
05/20/08 -	EVS GROUP		B3883A119			None		7,759
A/S
		Ordinary Business
	1	Receive Directors Report on the		None			Mgmt
		Statutory and Consolidated Annual
		Accounts of Fiscal Year Ended Dec.
Mgmt Rec - Company Management Recommended Vote								Page 208

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		31, 2007
	2	Receive Auditors' Reports on the		None			Mgmt
		Statutory and Consolidated Annual
		Accounts of Fiscal Year Ended Dec.
		31, 2007
	3	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 2.28 per Share
	4	Approve Discharge of Directors and		For			Mgmt
		Auditors
	5	Reelect Jacques Galloy as Director		For			Mgmt
		Special Business
	1	Authorize Repurchase of Up to Ten		For			Mgmt
		Percent of Issued Share Capital
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/20/08 - A	Powszechna Kasa		X6919X108			05/12/08		65,213
	Oszczednosci Bank Polski
	S.A.
	1	Open Meeting		None			Mgmt
	2	Elect Meeting Chairman		For			Mgmt
	3	Acknowledge Proper Convening of		For			Mgmt
		Meeting
	4	Approve Agenda of Meeting		For			Mgmt
	5	Receive Financial Statements and		None			Mgmt
		Management Board Report on
		Company's Operations in Fiscal 2007;
		Receive Management Board Proposal
		on Allocation of 2007 Income
	6	Receive Supervisory Board Report		None			Mgmt
	7.1	Approve Management Board Report on		For			Mgmt
		Company's Operations in Fiscal 2007
	7.2	Approve Financial Statements		For			Mgmt
	7.3	Approve Supervisory Board Report on		For			Mgmt
		Its Activities in Fiscal 2007
	7.4	Approve Allocation of Income		For			Mgmt
	7.5	Approve Dividends of PLN 1.09 per		For			Mgmt
		Share
	7.6a	Approve Discharge of Rafal Juszczak		For			Mgmt
		(CEO)
	7.6b	Approve Discharge of Berenika Duda-		For			Mgmt
		Uhryn (Management Board)
	7.6c	Approve Discharge of Robert Dzialak		For			Mgmt
		(Management Board)
	7.6d	Approve Discharge of Mariusz		For			Mgmt
		Klimczak (Management Board)
Mgmt Rec - Company Management Recommended Vote								Page 209

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	7.6e	Approve Discharge of Wojciech		For			Mgmt
		Kwiatkowski (Management Board)
	7.6f	Approve Discharge of Aldona Michalak		For			Mgmt
		(Management Board)
	7.6g	Approve Discharge of Adam		For			Mgmt
		Skowronski (Management Board)
	7.6h	Approve Discharge of Stefan		For			Mgmt
		Swiatkowski (Management Board)
	7.6i	Approve Discharge of Marek		For			Mgmt
		Gluchowski (Management Board)
	7.6j	Approve Discharge of Jacek		For			Mgmt
		Oblekowski (Management Board)
	7.6k	Approve Discharge of Slawomir		For			Mgmt
		Skrzypek (Management Board)
	7.6l	Approve Discharge of Zdzislaw Sokal		For			Mgmt
		(Management Board)
	7.7	Approve PLN 50,784 Annual Bonus for		For			Mgmt
		Company's CEO
	7.8a	Approve Discharge of Marek		For			Mgmt
		Gluchowski (Chairman of Supervisory
		Board)
	7.8b	Approve Discharge of Urszula		For			Mgmt
		Palaszek (Supervisory Board)
	7.8c	Approve Discharge of Tomasz		For			Mgmt
		Siemiatkowski (Supervisory Board)
	7.8d	Approve Discharge of Maciej		For			Mgmt
		Czapiewski (Supervisory Board)
	7.8e	Approve Discharge of Jerzy		For			Mgmt
		Michalowski (Supervisory Board)
	7.8f	Approve Discharge of Jerzy Osiatynski		For			Mgmt
		(Supervisory Board)
	7.8g	Approve Discharge of Adam		For			Mgmt
		Skowronski (Supervisory Board)
	7.8h	Approve Discharge of Agniezka		For			Mgmt
		Winnik-Kalemba (Supervisory Board)
	8.1	Receive Consolidated Financial		For			Mgmt
		Statements and Statutory Reports;
		Approve Report on Group's Operations
		in Fiscal 2007
	8.2	Approve Consolidated Financial		For			Mgmt
		Statements
	9	Amend Regulations on Supervisory		For			Mgmt
		Board
	10	Receive Supervisory Board Report on		None			Mgmt
		Outcome of Completed Selection
		Process for Posts of Company's CEO
		and Deputy CEOs
	11	Receive Supervisory Board Report on		None			Mgmt
		Process of Disposing of Hotels and
		Offsite Training Centers
	12	Close Meeting		None			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 210

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

Not voted due to shareblocking restriction. The
potential impact on trading/loan share activities
would outweigh the economic value of the vote.

05/20/08 - A	Royal Dutch Shell plc		G7690A100			None		201,903
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Elect Dr Josef Ackermann as Director		For	For		Mgmt
	4	Re-elect Sir Peter Job as Director		For	For		Mgmt
	5	Re-elect Lawrence Ricciardi as		For	For		Mgmt
		Director
	6	Re-elect Peter Voser as Director		For	For		Mgmt
	7	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	8	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of EUR 147,000,000
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP EUR 22,000,000
	11	Authorise 631,000,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	12	Authorise the Company to Make EU		For	For		Mgmt
		Political Donations to Political
		Organisations Other than Political
		Parties up to GBP 200,000 and Incur
		EU Political Expenditure up to GBP
		200,000
	13	Amend Royal Dutch Shell plc Long-		For	For		Mgmt
		term Incentive Plan
	14	Amend Royal Dutch Shell plc		For	Abstain		Mgmt
		Restricted Share Plan
	15	Adopt New Articles of Association		For	For		Mgmt
05/20/08 - A	Royal Dutch Shell plc		G7690A118			None		325,665
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Elect Dr Josef Ackermann as Director		For	For		Mgmt
	4	Re-elect Sir Peter Job as Director		For	For		Mgmt
	5	Re-elect Lawrence Ricciardi as		For	For		Mgmt
		Director
	6	Re-elect Peter Voser as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 211

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	7	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	8	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of EUR 147,000,000
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP EUR 22,000,000
	11	Authorise 631,000,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	12	Authorise the Company to Make EU		For	For		Mgmt
		Political Donations to Political
		Organisations Other than Political
		Parties up to GBP 200,000 and Incur
		EU Political Expenditure up to GBP
		200,000
	13	Amend Royal Dutch Shell plc Long-		For	For		Mgmt
		term Incentive Plan
	14	Amend Royal Dutch Shell plc		For	Abstain		Mgmt
		Restricted Share Plan
	15	Adopt New Articles of Association		For	For		Mgmt
05/20/08 - A	StatoilHydro ASA (formerly		R8412T102			None		370,350
	Statoil ASA)
	1	Open Meeting		None	None		Mgmt
	2	Elect Chairman of Meeting		For	For		Mgmt
	3	Approve Notice of Meeting and Agenda		For	For		Mgmt
	4	Registration of Attending Shareholders		For	For		Mgmt
		and Proxies
	5	Designate Inspector(s) of Minutes of		For	For		Mgmt
		Meeting
	6	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports; Approve Allocation
		of Income and Dividends of NOK 8.50
		per Share (NOK 4.20 as Ordinary
		Dividend and NOK 4.30 as Special
		Dividend)
	7	Approve Remuneration of Auditors		For	For		Mgmt
	8	Elect Members and Deputy Members		For	Against		Mgmt
		of Corporate Assembly
	9	Elect Member of Nominating		For	For		Mgmt
		Committee
	10	Approve Remuneration of Corporate		For	For		Mgmt
		Assembly
	11	Approve Remuneration of Nominating		For	For		Mgmt
		Committee
Mgmt Rec - Company Management Recommended Vote								Page 212

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	12	Approve Remuneration Policy And		For	For		Mgmt
		Other Terms of Employment For
		Corporate Executive Committee
	13	Authorize Repurchase and Reissuance		For	Against		Mgmt
		of Shares up to NOK 15 Million
		Aggregate Par Value for Share Saving
		Scheme for Employees
05/20/08 - A	Vivacon AG		D88255100			04/29/08		14,955
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 0.50 per Share
	3	Approve Discharge of Management		For			Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For			Mgmt
		Board for Fiscal 2007
	5	Elect Carsten Vier to the Supervisory		For			Mgmt
		Board
	6	Ratify Ernst & Young AG as Auditors		For			Mgmt
		for Fiscal 2008
	7	Approve Creation of EUR 2.71 Million		For			Mgmt
		Pool of Capital without Preemptive
		Rights; Approve Creation of EUR 1.99
		Million Pool of Capital without
		Preemptive Rights
	8	Approve Stock Option Plan for Key		For			Mgmt
		Employees; Approve Creation of EUR
		464,000 Pool of Conditional Capital to
		Guarantee Conversion Rights
	9	Amend Articles Re: Decision Making of		For			Mgmt
		Supervisory Board
	10	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/21/08 - A	BNP Paribas		F1058Q238			05/16/08		10,968
		Ordinary Business
	1	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	2	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 3.35 per Share
Mgmt Rec - Company Management Recommended Vote								Page 213

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Approve Special Auditors' Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	6	Elect Daniela Weber-Rey as Director		For	For		Mgmt
	7	Reelect Francois Grappotte as Director		For	For		Mgmt
	8	Reelect Jean-Francois Lepetit as		For	For		Mgmt
		Director
	9	Reelect Suzanne Berger Keniston as		For	For		Mgmt
		Director
	10	Reelect Helene Ploix as Director		For	For		Mgmt
	11	Reelect Baudouin Prot as Director		For	For		Mgmt
	12	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
		Special Business
	13	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 1 Billion
	14	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 350 Million
	15	Authorize Capital Increase of Up to		For	For		Mgmt
		EUR 250 Million for Future Exchange
		Offers
	16	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	17	Set Global Limit for Capital Increase to		For	For		Mgmt
		Result from Items 14 to 16 at EUR 350
		Million
	18	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 1 Billion for Bonus Issue or
		Increase in Par Value
	19	Set Global Limit for Capital Increase to		For	For		Mgmt
		Result from Items 13 to 16 at EUR 1
		Billion
	20	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	21	Authorize up to 1.5 Percent of Issued		For	For		Mgmt
		Capital for Use in Restricted Stock
		Plan
	22	Approve Stock Option Plans Grants		For	For		Mgmt
	23	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	24	Amend Articles of Association Re:		For	For		Mgmt
		Attendance to General Meetings
		Through Videoconference and
		Telecommunication
	25	Authorize Filing of Required		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 214

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Documents/Other Formalities
05/21/08 - A	Cez A.S.		X2337V121			05/15/08		27,728
	1	Open Meeting; Elect Chairman and		For			Mgmt
		Other Meeting Officials
	2	Approve Report on Company's		For			Mgmt
		Operations in Fiscal 2007
	3	Approve Supervisory Board Report		For			Mgmt
	4	Approve Financial Statements		For			Mgmt
	5	Approve Allocation of Income and		For			Mgmt
		Dividends
	6	Amend Articles of Association Re:		For			Mgmt
		Corporate Purpose, General Meeting,
		Supervisory Board, Management,
		Other Amendments
	7	Authorize Reduction in Share Capital		For			Mgmt
	8	Authorize Share Repurchase Program		For			Mgmt
	9	Determine Size of Donation Fund		For			Mgmt
	10	Approve Changes to Company's		For			Mgmt
		Strategy
	11	Approve Cooptation of Supervisory		For			Mgmt
		Board Member, Recall Supervisory
		Board Members; Elect New
		Supervisory Board Members
	12	Approve Contracts of Supervisory		For			Mgmt
		Board Members
	13	Amend Stock Option Plan		For			Mgmt
	14	Amend Terms of Life Insurance for		For			Mgmt
		Members of Company's Bodies
	15	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/21/08 - A	Deutsche Boerse AG		D1882G119			None		85,655
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 2.10 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2007
	5a	Elect Konrad Hummler to the		For	For		Mgmt
		Supervisory Board
Mgmt Rec - Company Management Recommended Vote								Page 215

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5b	Elect David Krell to the Supervisory		For	For		Mgmt
		Board
	6	Approve Creation of EUR 14.8 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Approve Affiliation Agreement with		For	For		Mgmt
		Subsidiary Deutsche Boerse
		Dienstleistungs AG
	9	Approve Affiliation Agreement with		For	For		Mgmt
		Subsidiary Deutsche Boerse Systems
		AG
	10	Approve Decrease in Size of		For	For		Mgmt
		Supervisory Board to 18 Members
	11	Amend Articles Re: Quorum for		For	For		Mgmt
		Supervisory Board Decisions
	12	Ratify KPMG Deutsche Treuhand-		For	For		Mgmt
		Gesellschaft AG as Auditors for Fiscal
		2008
05/21/08 - A	GlaxoSmithKline plc		G3910J112			None		83,379
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Abstain		Mgmt
	3	Elect Andrew Witty as Director		For	For		Mgmt
	4	Elect Christopher Viehbacher as		For	For		Mgmt
		Director
	5	Elect Sir Roy Anderson as Director		For	For		Mgmt
	6	Re-elect Sir Christopher Gent as		For	For		Mgmt
		Director
	7	Re-elect Sir Ian Prosser as Director		For	For		Mgmt
	8	Re-elect Dr Ronaldo Schmitz as		For	For		Mgmt
		Director
	9	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	10	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	11	Authorise the Company to Make		For	For		Mgmt
		Donations to EU Political Organisations
		up to GBP 50,000 and to Incur EU
		Political Expenditures up to GBP
		50,000
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 456,791,387
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
Mgmt Rec - Company Management Recommended Vote								Page 216

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Rights up to Aggregate Nominal
		Amount of GBP 68,525,560
	14	Authorise 584,204,484 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	15	Adopt New Articles of Association		For	For		Mgmt
05/21/08 - A	Red Back Mining Inc. *RBI*		756297107			04/11/08		141,662
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Richard P. Clark --- For
	1.2	Elect Director Lukas H. Lundin ---
		Against
	1.3	Elect Director Michael W. Hunt --- For
	1.4	Elect Director Harry N. Michael ---
		Against
	1.5	Elect Director Brian D. Edgar --- For
	1.6	Elect Director Robert F. Chase --- For
	2	Approve PricewaterhouseCoopers LLP		For	For		Mgmt
		as Auditors and Authorize Board to Fix
		Their Remuneration
	3	Other Business		For	Against		Mgmt
05/21/08 - A	Salzgitter AG (frmly Preussag D80900109					04/30/08		45,137
	Stahl AG)
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 2 per Share and a
		Special Dividend of EUR 1 per Share
	3	Approve Discharge of Management		For			Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For			Mgmt
		Board for Fiscal 2007
	5	Ratify PricewaterhouseCoopers AG as		For			Mgmt
		Auditors for Fiscal 2008
	6	Elect Supervisory Board Member		For			Mgmt
	7	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/21/08 - A	Swatch Group AG		H83949141			None		23,312
	1	Accept Financial Statements and		For			Mgmt
		Statutory Reports
Mgmt Rec - Company Management Recommended Vote								Page 217

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Approve Discharge of Board and		For			Mgmt
		Senior Management
	3	Approve Allocation of Income and		For			Mgmt
		Dividends of CHF 0.85 per Registered
		Share and CHF 4.25 per Bearer Share
	4	Ratify PricewaterhouseCoopers AG as		For			Mgmt
		Auditors
	5	Approve CHF 3.7 Million Reduction in		For			Mgmt
		Share Capital via Cancellation of
		Shares
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/21/08 - A	Vossloh AG		D9494V101			04/30/08		7,488
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 1.70 per Share
	3	Approve Discharge of Management		For			Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For			Mgmt
		Board for Fiscal 2007
	5	Ratify BDO Deutsche Warentreuhand		For			Mgmt
		AG as Auditors for Fiscal 2008
	6a	Elect Wilfried Kaiser to the Supervisory		For			Mgmt
		Board
	6b	Elect Peter Langenbach to the		For			Mgmt
		Supervisory Board
	6c	Elect Juergen Blume to the		For			Mgmt
		Supervisory Board
	6d	Elect Christoph Kirsch to the		For			Mgmt
		Supervisory Board
	7	Approve Remuneration of Supervisory		For			Mgmt
		Board
	8	Approve Affiliation Agreement with		For			Mgmt
		Subsidiary Vossloh Kiepe GmbH
	9	Approve Creation of EUR 18.4 Million		For			Mgmt
		Pool of Capital without Preemptive
		Rights
	10	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
Mgmt Rec - Company Management Recommended Vote								Page 218

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/22/08 - A	Gome Electrical Appliances		G3978C108			None	2,022,000
	Holdings Ltd (formerly CHINA
	EAGL
	1	Accept Financial Statements and		For	For		Mgmt
		Directors' and Auditors' Report
	2	Approve Final Dividend		For	For		Mgmt
	3a	Reelect Du Juan as Director		For	For		Mgmt
	3b	Reelect Chen Xiao as Director		For	For		Mgmt
	3c	Reelect Ng Kin Wah as Director		For	For		Mgmt
	3d	Reelect Sun Qiang Chang as Director		For	Against		Mgmt
	3e	Reelect Sze Tsai Ping, Michael as		For	Against		Mgmt
		Director
	3f	Reelect Chan Yuk Sang as Director		For	Against		Mgmt
	3g	Reelect Mark Christopher Greaves as		For	Against		Mgmt
		Director
	3h	Reelect Liu Peng Hui as Director		For	For		Mgmt
	3i	Reelect Yu Tung Ho as Director		For	For		Mgmt
	3j	Reelect Thomas Joseph Manning as		For	For		Mgmt
		Director
	3k	Authorize Board to Fix the		For	For		Mgmt
		Remuneration of Directors
	4	Reappoint Ernst & Young as Auditors		For	For		Mgmt
		and Authorize Board to Fix Their
		Remuneration
	5	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	6	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
05/22/08 - S	Gome Electrical Appliances		G3978C108			None	2,022,000
	Holdings Ltd (formerly CHINA
	EAGL
	1	Approve Subdivision of Every Issued		For	For		Mgmt
		and Unissued Shares of HK$0.10 Each
		in the Capital of the Company into Four
		Shares of HK$0.025 Each
05/22/08 - A	Industrial and Commercial		Y3991T104			05/14/08		335,000
	Bank of China (ASIA) Ltd.
	(Union Bank
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend		For	For		Mgmt
	3a	Reelect Wong Yuen Fai as Executive		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 219

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Director
	3b	Reelect Wong Yue Chim, Richard as		For	For		Mgmt
		Independent Non-Executive Director
	3c	Reelect Tsui Yiu Wa, Alec as		For	For		Mgmt
		Independent Non-Executive Director
	4	Approve Directors' Fees		For	For		Mgmt
	5	Reappoint Ernst & Young as Auditors		For	For		Mgmt
		and Authorize Board to Fix Their
		Remuneration
	6	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	7	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	8	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
05/22/08 - A	Israel Chemicals Ltd.		M5920A109			05/08/08		146,447
	1	Discuss Financial Statements and		For	For		Mgmt
		Directors' Report For Year 2007
	2	Elect N. Gilad, Y. Rosen, N. Yatziv, A.		For	For		Mgmt
		Paz, C. Erez, V. Medina, M. Vidman,
		A. Sheda, A. Shochat, and I. Isaacson
		as Directors
	3	Approve Auditors and Authorize Board		For	For		Mgmt
		to Fix Their Remuneration
05/22/08 - A	John Wood Group plc		G9745T100			None		930,478
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 5 US Cents		For	For		Mgmt
		Per Share
	3	Approve Remuneration Report		For	For		Mgmt
	4	Re-elect Sir Ian Wood as Director		For	For		Mgmt
	5	Re-elect Allister Langlands as Director		For	For		Mgmt
	6	Re-elect John Morgan as Director		For	For		Mgmt
	7	Re-elect Neil Smith as Director		For	For		Mgmt
	8	Elect James Renfroe as Director		For	For		Mgmt
	9	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	10	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	11	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 5,842,040
	12	Adopt New Articles of Association		For	For		Mgmt
	13	Subject to the Passing of Resolution		For	For		Mgmt
		11, Authorise Issue of Equity or Equity-
Mgmt Rec - Company Management Recommended Vote								Page 220

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 876,393
	14	Authorise 52,583,672 Ordinary Shares		For	For		Mgmt
		for Market Purchase
05/22/08 - A	Labrador Iron Ore Royalty		504904103			03/28/08		11,400
	Income Fund
	1	Elect Bruce C. Bone, William J.		For	For		Mgmt
		Corcoran, James C. McCartney, Paul
		H. Palmer, Alan R. Thomas and
		Donald J. Worth as Trustees
	2	Approve Deloitte & Touche LLP as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
05/23/08 - A	PanAust Ltd *PNA*		Q7283A110			05/21/08		563,164
	1	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended Dec. 31, 2007
	2	Elect Robert Bryan as Director		For	For		Mgmt
	3	Aprrove Change in Company Name to		For	For		Mgmt
		PanAust Limited
	4	Approve Increase in Remuneration of		For	For		Mgmt
		Directors from A$500,000 to
		A$800,000 per Annum
	5	Approve Grant of 4.4 Million Executive		For	For		Mgmt
		Options at an Exercise Price of A$0.90
		per Option to Gary Stafford
05/25/08 - A	Acs, Actividades de		E7813W163			None		180,560
	Construccion y Servicios S.A
	1	Approve Financial Statements and		For	For		Mgmt
		Allocation of Income
	2	Receive Annual Corporate Governance		For	For		Mgmt
		Report
	3	Approve Discharge Directors		For	For		Mgmt
	4	Elect Miguel Fluxa Rosello as Board		For	Against		Mgmt
		Member (Consejero Dominical)
	5	Amend Articles 3, 4, 11, and 16 of the		For	For		Mgmt
		General Meeting Guidelines
	6	Receive Report on Changes Made to		For	For		Mgmt
		Board Guidelines
	7	Authorize Repurchase of Shares		For	For		Mgmt
	8	Appoint Auditors		For	For		Mgmt
	9	Cancell Treasury Shares via		For	For		Mgmt
		Amortization
	10	Authorize Board to Ratify and Execute		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 221

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Approved Resolutions
	11	Approve Minutes of Meeting		For	For		Mgmt
05/26/08 - A	PT Bank Rakyat Indonesia		Y0697U104			05/08/08	1,135,500
	(Persero) Tbk
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Allocation of Income		For	For		Mgmt
	3	Aprove Remuneration of Directors and		For	For		Mgmt
		Commissioners
	4	Approve Auditors for the Company's		For	For		Mgmt
		Consolidated Financial Report and the
		Annual Report on the Program of
		Partnership and Environment
		Development
	5	Authorize Commissioners to Approve		For	Against		Mgmt
		the Increase in Authorized Capital
	6	Amend Articles of Association		For	For		Mgmt
05/27/08 -	France Telecom		F4113C103			05/22/08		435,643
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Discharge Directors
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.30 per Share
	4	Approve Special Auditors' Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Approve Transaction with Didier		For	For		Mgmt
		Lombard
	6	Authorize Repurchase of Up to Ten		For	Against		Mgmt
		Percent of Issued Share Capital
	7	Ratify Appointment of Chares-Henri		For	For		Mgmt
		Filippi as Director
	8	Ratify Appointment of Jose-Luis Duran		For	For		Mgmt
		as Director
	9	Reelect Charles-Henri Filippi as		For	For		Mgmt
		Director
	10	Reelect Jose-Luis Duran as Director		For	For		Mgmt
	11	Approve Remuneration of Directors in		For	For		Mgmt
		the Aggregate Amount of EUR 600,000
		Special Business
	12	Amend Article 13 of Bylaws Re: Length		For	For		Mgmt
		of Term for Directors
	13	Authorize Capital Increase of up to		For	For		Mgmt
		EUR 80 Million to Holders of Orange
Mgmt Rec - Company Management Recommended Vote								Page 222

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		SA Stock Option Plan or Shares in
		Connection with France Telecom
		Liquidity Agreement
	14	Authorize up to EUR 1 Million for the		For	For		Mgmt
		Free Issuance of Option-Based
		Liquidity Reserved for Holders of Stock
		Options of Orange SA and
		Beneficiaries of a Liquidity Agreement
	15	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	16	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	17	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/27/08 - A	Wharf (Holdings) Ltd.		Y9551M108			05/19/08	1,677,750
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend		For	For		Mgmt
	3a	Reelect Paul M. P. Chan as Director		For	For		Mgmt
	3b	Reelect Edward K. Y. Chen as Director		For	Against		Mgmt
	3c	Reelect Raymond K. F. Ch'ien as		For	Against		Mgmt
		Director
	3d	Reelect Vincent K. Fang as Director		For	For		Mgmt
	4	Reappoint KPMG as Auditors and		For	For		Mgmt
		Authorize Board to Fix Their
		Remuneration
	5	Approve Remuneration of Directors		For	For		Mgmt
		and Audit Committee
	6	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	8	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
05/28/08 - A	ATRIUM CO. LTD. *8993*		J03519105			02/29/08		41,151
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director --- For
	1.2	Elect Director --- For
	1.3	Elect Director --- For
	1.4	Elect Director --- For
	1.5	Elect Director --- For
	1.6	Elect Director --- For
	1.7	Elect Director --- Against
	2	Appoint External Audit Firm		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 223

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Approve Retirement Bonuses and		For	For		Mgmt
		Special Payments in Connection with
		Abolition of Retirement Bonus System
	4	Approve Deep Discount Stock Option		For	Against		Mgmt
		Plan for Directors
	5	Approve Deep Discount Stock Option		For	For		Mgmt
		Plan
05/28/08 - A	China Life Insurance Co.		Y1477R204			04/25/08		326,000
	Limited
	1	Approve Report of the Board of		For	For		Mgmt
		Directors
	2	Accept Report of the Supervisory		For	For		Mgmt
		Committee
	3	Accept Financial Statements and		For	For		Mgmt
		Auditors' Report
	4	Approve Allocation of Profit and		For	For		Mgmt
		Distirbution of Dividend for the Year
		Ended Dec. 31, 2007
	5	Approve the Interim Management		For	For		Mgmt
		Measures on Remuneration of
		Directors, Supervisors and Senior
		Management Officers
	6	Approve Remuneration of Directors		For	For		Mgmt
		and Supervisors
	7	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		Zhong Tian Certified Public
		Accountants Ltd., Certified Public
		Accountants, and
		PricewaterhouseCoopers, Certified
		Public Accountants as Auditors and
		Authorize Board to Fix Their
		Remuneration
	8	Approve Donations for Charitable		For	For		Mgmt
		Purpose
	9	Approve Duty Report of the		None	None		Mgmt
		Independent Directors for the Year
		2007
	10	Approve Report on the Status of		None	None		Mgmt
		Connected Transactions and Execution
		of Connected Transactions
		Management Systems of the Company
		for the Year 2007
	11	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights

Mgmt Rec - Company Management Recommended Vote

Page 224

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/28/08 - A	Kumba Iron Ore Ltd.		S4341C103			None		31,583
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for Year Ended 2007
	2	Reeletc Deloitte & Touche as External		For	For		Mgmt
		Auditors
	3	Elect Directors		For	Split		Mgmt
	3.1	Reelect PM Baum as Director --- For
	3.2	Reelect GS Gouws as Director --- For
	3.3	Reelect PB Matlare as Director ---
		Against
	4	Approve Remuneration of Non-		For	For		Mgmt
		Executive Directors
	5	Place Authorized but Unissued Shares		For	Against		Mgmt
		under Control of Directors up to 5
		Percent of Issued Ordinary Share
		Capital
	6	Approve Issuance of Shares without		For	For		Mgmt
		Preemptive Rights up to a Maximum of
		5 Percent of Issued Ordinary Share
		Capital
	7	Authorize Repurchase of up to 20		For	For		Mgmt
		Percent of Issued Share Capital
05/28/08 - A	PT Astra International Tbk.		Y7117N149			None		662,000
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Allocation of Income		For	For		Mgmt
	3a	Elect Directors		For	For		Mgmt
	3b	Elect Commissioners		For	For		Mgmt
	3c(i)	Approve Remuneration of Directors		For	For		Mgmt
	3c(ii	Approve Remuneration of		For	For		Mgmt
		Commissioners
	4	Approve Auditors and Authorize Board		For	For		Mgmt
		to Fix Their Remuneration
	5	Amend Articles of Association		For	For		Mgmt
05/29/08 -	Casino Guichard-Perrachon		F14133106			05/26/08		37,054
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 2.30 per Ordinary
		Share and EUR 2.34 per Special Share
	4	Approve Special Auditors' Report		For	For		Mgmt
		Regarding Related-Party Transactions
Mgmt Rec - Company Management Recommended Vote								Page 225

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Authorize Repurchase of Up to Ten		For	Against		Mgmt
		Percent of Issued Share Capital
	6	Ratify Appointment of Matignon Diderot		For	Against		Mgmt
		as Director
	7	Reelect Societe Fonciere Euris as		For	Against		Mgmt
		Director
	8	Ratify Change of Registered Office's		For	For		Mgmt
		Location to 1, Esplanade de France,
		42000 Saint-Etienne
		Special Business
	9	Authorize up to Two Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock
		Plan
	10	Authorize Board to Issue Free		For	Against		Mgmt
		Warrants with Preemptive Rights
		During a Public Tender Offer or Share
		Exchange
	11	Approve Merger by Absorption of		For	For		Mgmt
		Bouleau
	12	Approve Merger by Absorption of Saco		For	For		Mgmt
	13	Approve Merger by Absorption of		For	For		Mgmt
		Vulaines Distribution
	14	Acknowledge Completion of Capital		For	For		Mgmt
		Increase Pursuant to Items 11 to 13,
		and Amend Bylaws Accordingly
05/29/08 - A	CNOOC LTD		Y1662W117			05/21/08	2,509,000
	1a	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	1b	Approve Final Dividend		For	For		Mgmt
	1c1	Reelect Fu Chengyu as Executive		For	For		Mgmt
		Director
	1c2	Reelect Zhou Shouwei as Executive		For	For		Mgmt
		Director
	1c3	Reelect Yang Hua as Executive		For	For		Mgmt
		Director
	1c4	Reelect Lawrence J. Lau as		For	For		Mgmt
		Independent Non-Executive Director
	1c5	Elect Wang Tao as Independent Non-		For	For		Mgmt
		Executive Director
	1c6	Approve Remuneration of Directors		For	For		Mgmt
	1d	Reappoint Auditors and Authorize		For	For		Mgmt
		Board to Fix Their Remuneration
	2a	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	2b	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	2c	Authorize Reissuance of Repurchased		For	Against		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 226

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Shares
05/29/08 -	FNX Mining Company Inc.		30253R101			04/11/08		142,100
A/S	*FNX*
	1	Elect Directors		For	For		Mgmt
	2	Approve KPMG LLP as Auditors and		For	For		Mgmt
		Authorize Board to Fix Their
		Remuneration
	3	Approve Shareholder Rights Plan		For	For		Mgmt
05/29/08 - A	G4S plc		G39283109			None	1,489,942
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Confirm and Approve Final Dividend of		For	For		Mgmt
		2.85 Pence or DKK 0.279 Per Share
	4	Re-elect Grahame Gibson as Director		For	For		Mgmt
	5	Re-elect Bo Lerenius as Director		For	For		Mgmt
	6	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		and Authorise the Board to Determine
		Their Remuneration
	7	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 106,500,000
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 16,000,000
	9	Authorise 128,000,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	10	Amend Articles of Association with		For	For		Mgmt
		Effect From 1 October 2008
05/29/08 - A	JKX Oil & Gas plc		G5140Z105			None		59,762
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
	3	Re-elect Lord Fraser of Carmyllie as		For	Abstain		Mgmt
		Director
	4	Re-elect Viscount Asquith as Director		For	Against		Mgmt
	5	Elect Peter Dixon as Director		For	For		Mgmt
	6	Elect Martin Miller as Director		For	For		Mgmt
	7	Elect Nigel Moore as Director		For	For		Mgmt
	8	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors and Authorise the
		Board to Determine Their
Mgmt Rec - Company Management Recommended Vote								Page 227

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Remuneration
	9	Approve Final Dividend of 2.4 Pence		For	For		Mgmt
		Per Share
	10	Authorise 15,604,932 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	11	Amend Articles of Association		For	For		Mgmt
05/29/08 - A	Kohnan Shoji Co., Ltd. *7516* J3479K101					02/29/08		44,600
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JY 9
	2	Amend Articles To Amend Business		For	For		Mgmt
		Lines
	3	Elect Directors		For	For		Mgmt
05/29/08 - A	Sugi Pharmacy Co. Ltd.		J7687M106			02/29/08		42,300
	*7649*
	1	Approve Adoption of Holding Company		For	For		Mgmt
		Structure and Spin-off of Business to
		Wholly-Owned Subsidiary
	2	Amend Articles To Expand Business		For	For		Mgmt
		Lines - Change Company Name -
		Decrease Maximum Board Size
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	4.2	Appoint Internal Statutory Auditor		For	Against		Mgmt
	4.3	Appoint Internal Statutory Auditor		For	For		Mgmt
	5	Approve Retirement Bonuses for		For	For		Mgmt
		Directors
	6	Approve Takeover Defense Plan		For	Against		Mgmt
		(Poison Pill)
05/29/08 - A	TELENET GROUP HOLDINGS B89957110					None		18,360
	N.V.
		Annual Meeting
	1	Receive Directors' and Auditors'		None			Mgmt
		Reports
	2	Accept Financial Statements and		For			Mgmt
		Allocation of Income
	3	Receive Consolidated Financial		None			Mgmt
		Statements and Statutory Reports
	4	Accept Consolidated Financial		For			Mgmt
		Statements and Statutory Reports
	5	Approve Discharge of Directors		For			Mgmt
	6	Approve Discharge of Auditors		For			Mgmt
	7	Elect Directors		For			Mgmt
	8	Approve KPMG as Auditors and		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 228

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

Authorize Board to Fix Their
Remuneration Auditors
Do not vote in shareblocking markets.

05/29/08 - S	TELENET GROUP HOLDINGS B89957110					None		18,360
	N.V.
		Special Meeting
	1	Receive Special Board Reports and		None			Mgmt
		Auditors Reports
	2	Approve Issuance of Warrants Named		For			Mgmt
		"Share Options 2008"
	3	Approve Issuance of Warrants Named		For			Mgmt
		"Share Options 2007"
	4	Approve Increase of Capital in		For			Mgmt
		Connection with Issuance of Warrants
	5	Eliminate Preemptive Rights in		For			Mgmt
		Relation to Issuance of Warrants
	6	Grant Warrants Named "Share Options		For			Mgmt
		2008"
	7	Authorize Board to Execute Approved		For			Mgmt
		Resolutions
	8	Approve Change of Control Clause		For			Mgmt
		Following Article 556 of Company Law
	9	Approve Increase of Share Capital		For			Mgmt
		Without Preemptive Rights for the
		Benefit of the Employees
	10	Authorize Board to Execute Approved		For			Mgmt
		Resolutions
	11	Authorize Board to Repurchase Shares		For			Mgmt
		in the Event of a Public Tender Offer or
		Share Exchange Offer
	12	Authorize Repurchase of Up to Ten		For			Mgmt
		Percent of Issued Share Capital
		Do not vote in shareblocking markets.
05/30/08 - A	BABCOCK & BROWN LTD		Q1243A104			05/28/08		87,652
	*BNB*
	1	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended Dec. 31, 2007
	2	Elect James Babcock as Director		For	For		Mgmt
	3	Elect Dieter Rampl as Director		For	For		Mgmt
	4	Approve Defferal Rights for James		For	For		Mgmt
		Babcock to a Maximum Value of
		A$441,046 Under the Babcock and
		Brown Limited Equity Incentive Plan
	5	Approve Defferel Rights for Phillip		For	For		Mgmt
		Green to a Maximum Value of A$3.46
Mgmt Rec - Company Management Recommended Vote								Page 229

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Million Under the Babcock and Brown
		Limited Equity Incentive Plan
	6	Approve Defferal Rights for James		For	For		Mgmt
		Fantaci to a Maximum Value of A$1.09
		Million Under the Babcock and Brown
		Limited Equity Incentive Plan
	7	Approve Defferal Rights for Martin Rey		For	For		Mgmt
		to a Maximum Value of A$1.48 Million
		Under the Babcock and Brown Limited
		Equity Incentive Plan
	8	Approve Options for James Babcock to		For	For		Mgmt
		a Maximum Value of A$400,311 Under
		the Babcock and Brown Limited Equity
		Incentive Plan
	9	Approve Options for Phillip Green to a		For	For		Mgmt
		Maximum Value of A$2.6 Million Under
		the Babcock and Brown Limited Equity
		Incentive Plan
	10	Approve Options for James Fantaci to		For	For		Mgmt
		a Maximum Value of A$878,511 Under
		the Babcock and Brown Limited Equity
		Incentive Plan
	11	Approve Options for Martin Rey to a		For	For		Mgmt
		Maximum Value of A$1.18 Million
		Under the Babcock and Brown Limited
		Equity Incentive Plan
	12	Approve Share Awards for James		For	For		Mgmt
		Babcock to a Maximum Value of
		A$509,170 Under the Babcock and
		Brown Limited Equity Incentive Plan
	13	Approve Share Awards for Phillip		For	For		Mgmt
		Green to a Maximum Value of A$8.72
		Million Under the Babcock and Brown
		Limited Equity Incentive Plan
	14	Approve Share Awards for James		For	For		Mgmt
		Fantaci to a Maximum Value of A$1.54
		Million Under the Babcock and Brown
		Limited Equity Incentive Plan
	15	Approve Share Awards for Martin Rey		For	For		Mgmt
		to a Maximum Value of A$2.13 Million
		Under the Babcock and Brown Limited
		Equity Incentive Plan
	16	Ratify Past Issuance of 2.15 Million		For	For		Mgmt
		Shares at an Issue Price of A$23.438
		per Share Made on Oct. 9, 2007
	17	Ratify Past Issuance of 16.12 Million		For	For		Mgmt
		Shares at an Issue Price of A$13.65
		per Share Made on April 2, 2008
	18	Ratify Past Issuance of 14.29 Million		For	For		Mgmt
		Conditional Rights at A$10 per Right
		Over Fully Paid Ordinary Shares
Mgmt Rec - Company Management Recommended Vote								Page 230

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Announced March 10, 2008
	19	Approve Increase in Remuneration of		For	For		Mgmt
		Directors from A$1.5 Million to A$2.5
		Million
05/30/08 -	Crescent Point Energy Trust		225908102			04/24/08		46,694
A/S	*CPG.U*
	1	Fix Number of Directors of Crescent		For	For		Mgmt
		Point Resources Inc. at Seven
	2	Elect Directors		For	For		Mgmt
	3	Approve PricewaterhouseCoopers LLP		For	For		Mgmt
		as Auditors and Authorize Board to Fix
		Their Remuneration
	4	Amend Restricted Unit Bonus Plan		For	Against		Mgmt
05/30/08 - A	HSBC Holdings plc		G4634U169			None	1,088,483
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3a	Elect Safra Catz as Director		For	For		Mgmt
	3b	Elect Vincent Cheng as Director		For	For		Mgmt
	3c	Re-elect John Coombe as Director		For	For		Mgmt
	3d	Elect Jose Duran as Director		For	For		Mgmt
	3e	Re-elect Douglas Flint as Director		For	For		Mgmt
	3f	Elect Alexander Flockhart as Director		For	For		Mgmt
	3g	Re-elect Dr William Fung as Director		For	For		Mgmt
	3h	Elect Stuart Gulliver as Director		For	For		Mgmt
	3i	Re-elect James Hughes-Hallett as		For	For		Mgmt
		Director
	3j	Elect William Laidlaw as Director		For	For		Mgmt
	3k	Elect Narayana Murthy as Director		For	For		Mgmt
	3l	Re-elect Stewart Newton as Director		For	For		Mgmt
	4	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		and Authorise the Group Audit
		Committee to Determine Their
		Remuneration
	5	Auth. Issuance of Non-Cumulative		For	For		Mgmt
		Pref. Shares with Pre-emptive Rights
		up to Aggregate Nominal Amount of
		GBP 100,000, EUR 100,000 and USD
		85,500; and Auth. Issuance of Ord.
		Shares with Pre-emptive Rights up to
		Aggregate Nominal Amount of USD
		1,186,700,000
	6	Subject to the Passing of Resolution 5,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
Mgmt Rec - Company Management Recommended Vote								Page 231

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Amount of USD 296,675,000
	7	Authorise 1,186,700,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	8	Amend Articles of Association		For	For		Mgmt
	9	With Effect From 1 October 2008,		For	For		Mgmt
		Amend Articles of Association Re:
		Directors' Conflicts of Interest
	10	Amend HSBC Share Plan		For	For		Mgmt
05/30/08 - A	Shanghai Industrial Holdings Y7683K107					05/27/08		281,000
	Ltd
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend		For	For		Mgmt
	3a	Reelect Zhou Jie as Director		For	Against		Mgmt
	3b	Reelect Qian Shi Zheng as Director		For	For		Mgmt
	3c	Reelect Lo Ka Shui as Director		For	For		Mgmt
	3d	Reelect Woo Chia-Wei as Director		For	For		Mgmt
	3e	Authorize Board to Fix the		For	For		Mgmt
		Remuneration of Directors
	4	Reappoint Deloitte Touche Tohmatsu		For	For		Mgmt
		as Auditors and Authorize Board to Fix
		Their Remuneration
	5	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	6	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	7	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
05/30/08 - A	TongYang Investment Bank		Y8893H108			03/31/08		42,440
	(formerly Tong Yang
	Securities Co)
	1	Approve Appropriation of Income and		For	For		Mgmt
		Dividends of KRW 150 Per Common
		Share
	2	Amend Articles of Incorporation		For	Against		Mgmt
		Regarding Convertible Preferred
		Shares, Stock Options, Convertible
		Bonds, and Warrants
	3	Elect Kim Sun-Ki as Outside Director		For	For		Mgmt
		Who Will Also Be Member of Audit
		Committee
	4	Elect Two Outside Directors (Bundled)		For	For		Mgmt
	5	Approve Remuneration of Executive		For	For		Mgmt
		Directors and Independent Non-
		Executive Directors
Mgmt Rec - Company Management Recommended Vote								Page 232

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/02/08 -	Bureau Veritas		F96888114			05/28/08		10,679
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Non-Tax Deductible		For	For		Mgmt
		Expenses
	3	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	4	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.60 per Share
	5	Approve Special Auditors' Report		For	For		Mgmt
		Regarding Related-Party Transactions
	6	Reelect Pierre Hessler as Supervisory		For	Against		Mgmt
		Board Member
	7	Reelect Jerome Charruau as		For	Against		Mgmt
		Supervisory Board Member
	8	Reelect Jean-Michel Ropert as		For	Against		Mgmt
		Supervisory Board Member
	9	Approve Remuneration of Directors in		For	For		Mgmt
		the Aggregate Amount of EUR 300,000
	10	Authorize Repurchase of Up to 10		For	Against		Mgmt
		Percent of Issued Share Capital
	11	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
		Special Business
	12	Approve Reduction in Share Capital		For	For		Mgmt
		Pursuant to Dissolution of Wholly
		Owned Subsidiary Winvest 7
	13	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	14	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
06/02/08 - A	Hon Hai Precision Industry		Y36861105			04/03/08		213,832
	Co. Ltd.
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports (Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Approve Capitalization of 2007		For	For		Mgmt
		Dividends and Employee Profit Sharing
	4	Approve Increase of Registered Capital		For	Against		Mgmt
		and Issuance of Ordinary Shares to
		Participate in the Issuance of Global
		Depository Receipt
	5	Amend Articles of Association		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 233

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6	Amend Procedures Governing the		For	For		Mgmt
		Acquisition or Disposal of Assets
	7	Transact Other Business (Non-Voting)		None	None		Mgmt
06/02/08 - S	Shenzhen Investment (frmrly. Y7743P120					None	3,095,700
	Shum Yip Invst.)
	1	Approve Disposal by Shum Yip		For	For		Mgmt
		Investment (Shenzhen) Ltd. of 51
		Percent Equity Interest in Hubei
		Shumyip Huayin Traffic Development
		Co., Ltd. to the Purchaser
06/02/08 - A	Shenzhen Investment (frmrly. Y7743P120					05/26/08	3,095,700
	Shum Yip Invst.)
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend		For	For		Mgmt
	3	Reelect Zhao Gesheng and Wu Jiesi		For	Against		Mgmt
		as Directors and to Authorize Board to
		Fix Their Renumeration and Resolve
		Not to Fill Up the Vacated Offices
		Resulted from the Retirement of Xiao
		Rihai Kaiping and Lee Yip Wah, Peter
	4	Reappoint Auditors and Authorize		For	For		Mgmt
		Board to Fix Their Remuneration
	5	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	6	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	7	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
	8	Approve Grant of Options to Zhang		For	For		Mgmt
		Huaqiao to Subscribe for 12 Million
		Shares of the Company Pursuant to
		the Share Option Scheme
06/03/08 - A	Linde AG		D50348107			05/13/08		69,399
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.70 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2007
Mgmt Rec - Company Management Recommended Vote								Page 234

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Ratify KPMG Deutsche Treuhand-		For	For		Mgmt
		Gesellschaft AG as Auditors for Fiscal
		2008
	6	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds with Preemptive Rights up to
		Aggregate Nominal Amount of EUR 2.5
		Billion; Approve Creation of EUR 85
		Million Pool of Capital to Guarantee
		Conversion Rights
	8	Elect Supervisory Board Member		For	For		Mgmt
	8.7	Elect Arne Wittig as Alternate		For	For		Mgmt
		Supervisory Board Member
	8.8	Elect Guenter Hugger as Alternate		For	For		Mgmt
		Supervisory Board Member
06/03/08 -	Teleperformance		F9120F106			05/29/08		3,546
A/S
		Ordinary Business
	1	Approve Financial Statements, and		For	For		Mgmt
		Discharge Management Board
		Members and Auditors
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Transaction with Subsidiary		For	For		Mgmt
		Teleperformance Group Inc. Re:
		Consulting Services
	4	Approve Transaction between		For	For		Mgmt
		Subsidiaries Techcity Solutions and
		Teleperformance Technical Help Re:
		Stock handover
	5	Approve Transaction with Subsidiary		For	For		Mgmt
		SPCC Re: Partial Assignment of Claim
	6	Approve Transaction with Ber.Com		For	For		Mgmt
		International Re: Consulting Services
	7	Approve Transaction with Michel		For	For		Mgmt
		Peschard Re: Remuneration
	8	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.44 per Share
	9	Approve Remuneration of Supervisory		For	For		Mgmt
		Board Members in the Aggregate
		Amount of EUR 150,00
	10	Reelect Martine Dassault as		For	For		Mgmt
		Supervisory Board Member
	11	Reelect Alain Laguillaumie as		For	For		Mgmt
		Supervisory Board Member
	12	Reelect Philippe Dominati as		For	Against		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 235

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Supervisory Board Member
	13	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	14	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	15	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 20 Million
	16	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	17	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 140 Million for Bonus Issue
		or Increase in Par Value
	18	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	19	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
06/03/08 - A	U-Ming Marine Transport		Y9046H102			04/03/08		482,000
	Corp.
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports (Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Amend Endorsement and Guarantee		For	For		Mgmt
		Operating Guidelines
06/04/08 -	Ipsen		F5362H107			05/30/08		13,673
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.66 per Share
	4	Approve Transaction with Jean-Luc		For	Against		Mgmt
		Belingard Re: Severance Payment
	5	Approve Special Auditors' Report		For	For		Mgmt
		Regarding Related-Party Transactions
	6	Reelect Jean-Luc Belingard as Director		For	For		Mgmt
	7	Reelect Anne Beaufour as Director		For	For		Mgmt
	8	Reelect Henri Beaufour as Director		For	For		Mgmt
	9	Reelect Alain Beguin as Director		For	For		Mgmt
	10	Reelect Herve Couffin as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 236

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	11	Reelect Antoine Flochel as Director		For	For		Mgmt
	12	Reelect Gerard Hauser as Director		For	For		Mgmt
	13	Reelect Pierre Martinet as Director		For	For		Mgmt
	14	Reelect Rene Merkt as Director		For	For		Mgmt
	15	Reelect Yves Rambaud as Director		For	For		Mgmt
	16	Reelect Klaus-Peter Schwabe as		For	For		Mgmt
		Director
	17	Authorize Repurchase of Up to 10		For	Against		Mgmt
		Percent of Issued Share Capital
		Special Business
	18	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	19	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
06/04/08 - A	Sanlam Limited		S7302C137			None		604,072
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for Year Ended Dec.
		31, 2007
	2	Ratify Earnst & Young as Auditors		For	For		Mgmt
	3	Authorize Board to Fix Remuneration		For	For		Mgmt
		of the Auditors
	4	Elect Directors		For	Split		Mgmt
	4.1	Reelect RC Andersen as Director ---
		For
	4.2	Reelect AS du Plessis as Director ---
		For
	4.3	Reelect MV Moosa as Director --- For
	4.4	Reelect I Plenderleith as Director ---
		Against
	4.5	Reelect M Ramos as Director ---
		Against
	4.6	Reelect GE Rudman as Director ---
		Against
	5	Approve Remuneration of Directors for		For	For		Mgmt
		Fiscal 2007
	6	Approve 10 Percent Increase in Non-		For	For		Mgmt
		Executive Remuneration for 2008
	7	Amend Trust Deed of the Sanlam		For	Against		Mgmt
		Limited Share Incentive Trust
	8	Approve Three New Employee Share		For	Against		Mgmt
		Incentive Schemes
	9	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	10	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions

Mgmt Rec - Company Management Recommended Vote

Page 237

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/05/08 - A	AGILE PROPERTY		G01198103			06/02/08		840,000
	HOLDINGS LTD
	1	Accept Financial Statements and		For	For		Mgmt
		Directors' and Auditors' Reports
	2a	Reelect Chan Cheuk Yin as Director		For	For		Mgmt
	2b	Reelect Chan Cheuk Hei as Director		For	Against		Mgmt
	2c	Reelect Kwong Che Keung, Gordon as		For	Against		Mgmt
		Director
	2d	Authorize Board to Fix the		For	For		Mgmt
		Remuneration of Executive Directors
	3	Approve Remuneration of Independent		For	For		Mgmt
		Non-Executive Directors
	4	Approve Final Dividend		For	For		Mgmt
	5	Reappoint PricewaterhouseCoopers as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
	6a	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	6b	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	6c	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
06/05/08 - A	Bank Leumi Le-Israel BM		M16043107			05/05/08		441,789
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend		For	For		Mgmt
	3	Approve Auditors and Authorize Board		For	For		Mgmt
		to Fix Their Remuneration
	4	Amend Articles: Authorization to Allot		For	For		Mgmt
		Shares
	5	Approve Bonus Payment of Board		For	For		Mgmt
		Chairman
	6a	Elect Rami Avraham Guzman as		For	For		Mgmt
		Director
	6b	Elect Jacob Mashaal as Director		For	For		Mgmt
	6c	Elect Zvi Koren as Director		For	For		Mgmt
	6d	Elect Miriyam Katz as Director		For	For		Mgmt
	7	Approve Director/Officer Liability and		For	For		Mgmt
		Indemnification Insurance
	8	Approve Disclosure of Holding		For	For		Mgmt
		Positions and Officers
06/05/08 - A	Industrial and Commercial		ADPV10686			05/05/08	4,185,000
	Bank of China Limited
	1	Accept Report of the Board of Directors		For	For		Mgmt
	2	Accept Report of the Supervisory		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 238

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Committee
	3	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	4	Approve Profit Distribution Plan for the		For	For		Mgmt
		Year Ended Dec. 31, 2007
	5	Approve Fixed Assets Investment		For	For		Mgmt
		Budget for the Year 2008
	6	Reappoint Ernst & Young and Ernst &		For	For		Mgmt
		Young Hua Ming as International and
		Domestic Auditors, Respectively, and
		Authorize Board to Fix Their
		Remuneration
	7	Authorize Board to Deal with Matters		For	Against		Mgmt
		Relating to the Purchase of Directors',
		Supervisors' and Officers' Liability
		Insurance
	8	Appoint Zhao Lin as Supervisor		None	For		ShrHoldr
	9	Approve Increaase in the Proposed		None	For		ShrHoldr
		External Donations for the Year Ending
		Dec. 31, 2008 and Authorize the Board
		to Approve the Amount of Donations
		that Would Support the Areas Affected
		by the Wenchuan Earthquake on May
		12, 2008
06/05/08 - A	Wm Morrison Supermarkets		G62748119			None	1,636,456
	plc
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 4.125 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Elect Sir Ian Gibson as Director		For	For		Mgmt
	5	Re-elect Richard Pennycook as		For	For		Mgmt
		Director
	6	Re-elect Mark Gunter as Director		For	For		Mgmt
	7	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		and Authorise the Board to Determine
		Their Remuneration
	8	Authorise 268,361,042 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 89,000,000
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 13,418,052
	11	Amend Articles of Association		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 239

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
06/06/08 - A	Axis Bank Ltd.	Y9327Z110			05/26/08		64,955

	1	Accept Financial Statements and	For	For		Mgmt
		Statutory Reports
	2	Reappoint N.C. Singhal as Director	For	For		Mgmt
	3	Reappoint J.R. Varma as Director	For	For		Mgmt
	4	Reappoint R.B.L. Vaish as Director	For	For		Mgmt
	5	Approve Dividend of INR 6.00 Per	For	For		Mgmt
		Share
	6	Approve S.R. Batliboi & Co. as	For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
	7	Appoint K.N. Prithviraj as Director	For	For		Mgmt
	8	Approve Revision in Remuneration of	For	For		Mgmt
		P.J. Nayak, Chairman and CEO
	9	Approve Stock Option Grants of up to	For	Against		Mgmt
		7.97 Million Shares to Employees and
		Directors of the Company Under the
		Employee Stock Option Scheme
06/06/08 - A	Bank Of Communications Co Y06988102				05/06/08		652,000
	Ltd
	1	Accept Report of the Board of Directors	For	For		Mgmt
	2	Accept Report of the Supervisory	For	For		Mgmt
		Committee
	3	Accept Financial Statements and	For	For		Mgmt
		Statutory Reports
	4	Approve Profit Distribution Plan and	For	For		Mgmt
		Distirbution of Dividend for the Year
		Ended Dec. 31, 2007
	5	Reappoint PricewaterhouseCoopers	For	For		Mgmt
		and Deliotte Touche Tohmatsu as
		International Auditors and Domestic
		Auditors, Respectively, and Authorize
		Board to Fix Their Remuneration
	6	Approve Donations for Charitable	For	For		Mgmt
		Purpose
	7	Authorize Board of Directors to	For	For		Mgmt
		Approve for Interim Profit Distribution
		Plan for the Six Months Ending June
		30, 2008
	8	Authorize Issuance of Renminbi	For	Against		Mgmt
		Denominated Bonds with an Aggregate
		Principal Amount Not Exceeding RMB
		5 Billion

Mgmt Rec - Company Management Recommended Vote

Page 240

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/06/08 - A	CHINA COSCO HOLDINGS		Y1455B106			05/06/08		634,500
	CO., LTD
	1	Accept Report of the Board of Directors		For	For		Mgmt
	2	Accept Report of the Supervisory		For	For		Mgmt
		Committee
	3	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	4	Approve Final Dividends		For	For		Mgmt
	5	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		and Zhongruiyuehua CPA as
		International and PRC Auditors,
		Respectively, and Authorize Board to
		Fix Their Remuneration
		Elect 11 Directors by Cumulative
		Voting
	6a	Elect Wei Jiafu as Director and		For	For		Mgmt
		Authorize Board to Fix His
		Remuneration
	6b	Elect Zhang Fusheng as Director and		For	Against		Mgmt
		Authorize Board to Fix His
		Remuneration
	6c	Elect Chen Hongsheng as Director and		For	For		Mgmt
		Authorize Board to Fix His
		Remuneration
	6d	Elect Li Jianhong as Director and		For	For		Mgmt
		Authorize Board to Fix His
		Remuneration
	6e	Elect Xu Lirong as Director and		For	For		Mgmt
		Authorize Board to Fix His
		Remuneration
	6f	Elect Zhang Liang as Director and		For	For		Mgmt
		Authorize Board to Fix His
		Remuneration
	6g	Elect Sun Yueying as Director and		For	For		Mgmt
		Authorize Board to Fix Her
		Remuneration
	6h	Elect Li Boxi as Director and Authorize		For	For		Mgmt
		Board to Fix Her Remuneration
	6i	Elect Alexander Reid Hamilton as		For	Against		Mgmt
		Director and Authorize Board to Fix His
		Remuneration
	6j	Elect Cheng Mo Chi as Director and		For	For		Mgmt
		Authorize Board to Fix His
		Remuneration
	6k	Elect Teo Siong Seng as Director and		For	For		Mgmt
		Authorize Board to Fix His
		Remuneration
		Elect Four Supervisors by
		Cumulative Voting
	7a	Elect Li Yunpeng as Supervisor and		For	For		Mgmt
		Authorize Board to Fix His
Mgmt Rec - Company Management Recommended Vote								Page 241

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Remuneration
	7b	Elect Li Zonghao as Supervisor and		For	For		Mgmt
		Authorize Board to Fix His
		Remuneration
	7c	Elect Yu Shicheng as Supervisor and		For	For		Mgmt
		Authorize Board to Fix His
		Remuneration
	7d	Elect Kou Wenfeng as Supervisor and		For	For		Mgmt
		Authorize Board to Fix His
		Remuneration
06/06/08 - S	CHINA COSCO HOLDINGS		Y1455B106			05/06/08		634,500
	CO., LTD
		Special Business
	1	Approve Guarantee Between China		For	Against		Mgmt
		COSCO Holdings Co. Ltd. as
		Guarantor and Shandong Province
		Branch of Bank of China as the Lender
		for a Guarantee Amount of $69.8
		Million
	2	Approve Eight Agreements Entered		For	For		Mgmt
		Between COSCO Container Lines Co.
		Ltd. as Buyer and Nantong COSCO
		KHI Ship Engineering Co. Ltd.
		(NACKS) as Builder, in Relation to the
		Construction of Eight 13,350 TEU
		Vessels
	3	Approve Nine Agreements Among		For	For		Mgmt
		COSCO Bulk and COSCO HK
		Shipping as Transferees, COSCO
		International as Original Buyer and
		Transferor and COSCO Shipyard
		Group as Builder for COSCO
		International's Transfer of Rights and
		Obligations to COSCO Bulk and
		COSCO HK
	4	Approve Eight Agreements Among		For	For		Mgmt
		COSCO Bulk and COSCO HK
		Shipping as Transferees, Ching Tung
		and PMSL as Original Buyers and
		Transferors and NACKS as Builders for
		Ching Tung's and PMSL's Transfer of
		Rights and Obligations to COSCO Bulk
		and COSCO HK Shipping

Mgmt Rec - Company Management Recommended Vote

Page 242

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/06/08 - A	China Shipping Development		Y1503Y108			05/05/08		350,000
	Co. (Frmrl. Shanghai Hai
	Xing)
	1	Accept Report of the Board of Directors		For	For		Mgmt
	2	Accept Report of the Supervisory		For	For		Mgmt
		Committee
	3	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	4	Approve Dividend Distribution Plan		For	For		Mgmt
	5	Approve Remuneration of Directors,		For	For		Mgmt
		Supervisors, and Senior Management
		for the Year 2008
	6	Reappoint Vocation International		For	For		Mgmt
		Certified Public Accountant Co. Ltd.
		and UHY Vocation (H.K.) C.P.A. Ltd.
		as Domestic and International Auditors,
		Repectively, and Authorize Board to
		Fix Their Remuneration
06/06/08 - A	Jiangxi Copper Company Ltd.		Y4446C100			05/05/08		453,000
	1	Accept Report of the Board of Directors		For	For		Mgmt
	2	Accept Report of the Supervisory		For	For		Mgmt
		Committee
	3	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	4	Approve Profit Distribution Proposal		For	For		Mgmt
	5	Approve Resignation of Kang Yi as		For	For		Mgmt
		Independent Non-Executive Director
	6	Elect Wu Jianchang as Independent		For	For		Mgmt
		Non-Executive Director
	7	Approve Resignation of Wang Maoxian		For	For		Mgmt
		as Supervisor
	8	Elect Wu Jimeng as Supervisor		For	For		Mgmt
	9	Elect Liu Qianming as Supervisor		For	For		Mgmt
	10	Approve Ernst & Young Hua Ming and		For	For		Mgmt
		Ernst & Young as Domestic and
		International Auditors and Authorize
		Board to Fix Their Remuneration
	11	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
06/06/08 - A	Shougang Concord		Y78299107			06/04/08	3,268,000
	International Enterprises Co.
	Ltd.
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2a	Approve Final Dividend		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 243

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2b	Approve Special Dividend		For	For		Mgmt
	3a	Reelect Wang Qinghai as Director		For	Against		Mgmt
	3b	Reelect Luo Zhenyu as Director		For	Against		Mgmt
	3c	Reelect Leung Shun Sang, Tony as		For	For		Mgmt
		Director
	3d	Reelect Wong Kun Kim as Director		For	For		Mgmt
	4	Appoint Auditors and Authorize Board		For	For		Mgmt
		to Fix Their Remuneration
	5	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	6	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
06/06/08 - S	Shougang Concord		Y78299107			None	3,268,000
	International Enterprises Co.
	Ltd.
	1	Approve Disposal by Shougang		For	For		Mgmt
		Concord Power Plant Holdings Ltd. of
		One Sale Share, Representing the
		Entire Issued Share Capital of Ultra
		Result Ltd. to Honstep Group Ltd. at a
		Total Consideration of HK$316.5
		Million
	2	Approve Continuing Connected		For	For		Mgmt
		Transaction with Related Party and
		Related Annual Caps
06/09/08 - S	Eni Spa		T3643A145			06/05/08		305,831
		Ordinary Business
	1	Fix Number of Directors		For			Mgmt
	2	Fx Directors' Term		For			Mgmt
	3.a	Elect Directors - Slate Assogesstioni		For			Mgmt
	3.b	Elect Directors - Slate Ministry of		For			Mgmt
		Economics and Finance
	4	Elect Chairman of the Board of		For			Mgmt
		Directors
	5	Approve Remuneration of Directors		For			Mgmt
		and Chairman of Board of Directors
	6.a	Appoint Internal Statutory Auditors -		For			Mgmt
		Slate Assogestioni
	6.b	Appoint Internal Statutory Auditors -		For			Mgmt
		Slate Ministry of Economics and
		Finance
	7	Appoint Chairman of the Internal		For			Mgmt
		Statutory Auditors' Board
Mgmt Rec - Company Management Recommended Vote								Page 244

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Approve Remuneration of Internal		For			Mgmt
		Statutory Auditors and Chairman
	9	Approve Compensation of the		For			Mgmt
		Representative of the Court of
		Accounts as Financial Controller of the
		Company
		Do not vote in shareblocking markets.
06/09/08 - S	Petroleo Brasileiro		71654V408			05/21/08		217,676
		Meeting for ADR Holders
	1	TO APPROVE THE DISPOSAL OF		For	For		Mgmt
		THE CONTROL OF THE SUBSIDIARY
		OF PETROBRAS, DAPEAN
		PARTICIPACOES S.A., BY MEANS
		OF THE MERGER INTO THIS
		COMPANY OF FASCIATUS
		PARTICIPACOES S.A., A
		TRANSACTION INSERTED IN THE
		SPHERE OF THE INVESTMENT
		AGREEMENT.
06/09/08 -	Vimpel Communications		68370R109			04/30/08		174,962
PC	OJSC
		Meeting for GDR Holders -
		Management Proposals (White Card)
	1	Approve Annual Report		For	For		Mgmt
	2	Approve Financial Statements		For	For		Mgmt
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of RUB 270.01 per Ordinary
		Share and RUB 0.01 per Preferred
		Share
	4	Elect Alexander Gersh, Halvor Bru,		For	For		Mgmt
		and Nigel Robinson as Members of
		Audit Commission
	5	Ratify Ernst & Young (CIS) Ltd. and		For	For		Mgmt
		Rosexpertiza LLC as Auditors
	6	Amend Terms of Phantom ADS Plan		For	For		Mgmt
		for Company's Non-executive Directors
	7	Approve Reorganization of Company		For	For		Mgmt
		via Merger with Seven Subsidiaries
	8	Amend Charter Re: Reorganization of		For	For		Mgmt
		Company Proposed under Item 7
		Elect Nine Directors by Cumulative
		Voting
	1	Elect David Haines as Director		None	For		Mgmt
	2	Elect Mikhail Fridman as Director		None	Against		Mgmt
	3	Elect Kjell Johnsen as Director		None	Against		Mgmt
	4	Elect Hans Kohlhammer as Director		None	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 245

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Elect Jo Lunder as Director		None	Against		Mgmt
	6	Elect Oleg Malis as Director		None	Against		Mgmt
	7	Elect Leonid Novoselsky as Director		None	For		Mgmt
	8	Elect Alexey Reznikovich as Director		None	Against		Mgmt
	9	Elect Ole Sjulstad as Director		None	Against		Mgmt
	10	Elect Jan Thygesen as Director		None	Against		Mgmt
		Dissident Proposals (Blue Card)
	1	Approve Annual Report		For	DoNotVote		Mgmt
	2	Approve Financial Statements		For	DoNotVote		Mgmt
	3	Approve Allocation of Income and		For	DoNotVote		Mgmt
		Dividends of RUB 270.01 per Ordinary
		Share and RUB 0.01 per Preferred
		Share
	4	Election of Audit Commission		For	DoNotVote		Mgmt
	5	Approval of External Auditors		For	DoNotVote		Mgmt
	6	Approval of a Change in the		For	DoNotVote		Mgmt
		Compensation of the Members of the
		Board of Directors
	7	Approve Reorganization of Company		For	DoNotVote		Mgmt
		via Merger with Seven Subsidiaries
	8	Amend Charter Re: Reorganization of		For	DoNotVote		Mgmt
		Company Proposed under Item 7
		Elect Two Directors by Cumulative
		Voting
	1	Elect Jo Lunder as Director		None	DoNotVote		Mgmt
	2	Elect Hans Peter Kohlhammer as		None	DoNotVote		Mgmt
		Director
06/10/08 - A	BYD ELECTRONIC		Y1045N107			06/02/08		932,500
	INTERNATIONAL CO LTD
	1	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	2	Approve Dividends of RMB 0.15 Per		For	For		Mgmt
		Share
	3	Reelect Li Ke as Director and		For	For		Mgmt
		Authorize Board to Fix Her
		Remuneration
	4	Reelect Sun Yi-zao as Director and		For	Against		Mgmt
		Authorize Board to Fix His
		Remuneration
	5	Reelect Wu Jing-sheng as Director and		For	Against		Mgmt
		Authorize Board to Fix His
		Remuneration
	6	Reappoint Auditors and Authorize		For	For		Mgmt
		Board to Fix Their Remuneration
	7	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	8	Authorize Repurchase of Up to Ten		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 246

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Percent of Issued Share Capital
	9	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
06/10/08 - S	EVS GROUP		B3883A119			None		6,625
		Special Meeting
	1	Authorize Repurchase of Up to Ten		For			Mgmt
		Percent of Issued Share Capital
		Do not vote in shareblocking markets.
06/10/08 - A	Philippine Long Distance		718252604			05/06/08		3,014
	Telephone Co.
		Meeting for ADR Holders
	1	Approve Audited Financial Statements		For	For		Mgmt
		for the Fiscal Year Ended Dec. 31,
		2007
		Elect 13 Directors by Cumulative
		Voting
	2	Elect Directors		For	For		Mgmt
06/10/08 - A	Raiffeisen International Bank- A7111G104					None		57,077
	Holding AG
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports (Non-Voting)
	2	Approve Allocation of Income		For			Mgmt
	3	Approve Discharge of Management		For			Mgmt
		Board
	4	Approve Discharge of Supervisory		For			Mgmt
		Board
	5	Approve Remuneration of Supervisory		For			Mgmt
		Board Members
	6	Elect Supervisory Board Members		For			Mgmt
		(Bundled)
	7	Ratify Auditors		For			Mgmt
	8	Approve Issuance of Convertible		For			Mgmt
		Bonds and/or Bonds with Warrants
		Attached up to Aggregate Nominal
		Amount of EUR 2 billion without
		Preemptive Rights
	9	Approve Creation of EUR 47.2 Million		For			Mgmt
		Pool of Capital to Guarantee
		Conversion Rights
	10	Approve Merger by Absorption of		For			Mgmt
		Raiffeisen International Group IT
	11	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
Mgmt Rec - Company Management Recommended Vote								Page 247

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

Repurchased Shares
Do not vote in shareblocking markets.

06/11/08 - A	Antofagasta plc		G0398N128			None		116,304
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of USD 0.434		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect Jean-Paul Luksic as Director		For	Abstain		Mgmt
	5	Re-elect Guillermo Luksic as Director		For	Against		Mgmt
	6	Re-elect Juan Claro as Director		For	For		Mgmt
	7	Re-elect Jozsef Ambrus as Director		For	For		Mgmt
	8	Re-elect Charles Bailey as Director		For	Against		Mgmt
	9	Re-elect Gonzalo Menendez as		For	Against		Mgmt
		Director
	10	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors and Authorise the Board to
		Determine Their Remuneration
	11	Authorise 98,585,669 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	12	Subject to and Conditional Upon the		For	Against		Mgmt
		Passing of the Extraordinary
		Resolution Set Out in the Notices
		Dated 10 March 2008 Convening
		Separate Class Meetings for Ordinary
		Shareholders and for 5 Percent
		Cumulative Shareholders, Adopt New
		Articles of Association
06/11/08 - S	Antofagasta plc		G0398N128			None		116,304
		Separate Meeting of the Holders of
		the Ordinary Shares
	1	Sanctions and Consents the Passing of		For	Against		Mgmt
		Resolution 12 Set Out in Notice of
		AGM to be Held on 11 June 2008;
		Sanctions and Consents Any
		Abrogation of the Rights Attaching to
		the Ordinary Shares Which May be
		Effected By the Passing of the Said
		Resolution
06/11/08 - A	Asustek Computer Inc.		Y04327105			04/11/08		823,000
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports (Voting)
	2	Approve 2007 Profit Distribution Plan		For	For		Mgmt
	3	Approve Capitalization of 2007		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 248

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Dividends and Employee Profit Sharing
	4	Amend Articles of Association		For	Against		Mgmt
	5	Amend Operating Procedures for Loan		For	Against		Mgmt
		of Funds to Other Parties,
		Endorsement and Guarantee
	6	Approve Increase of Registered Capital		For	For		Mgmt
		and Issuance of Ordinary Shares to
		Participate in the Issuance of Global
		Depository Receipt Issue
		Elect Directors Via Cumulative
		Voting
	7	Elect Directors		For	For		Mgmt
		Elect Supervisors Via Cumulative
		Voting
	7.8	Elect Yang Tze-Kaing with ID No.		For	For		Mgmt
		A102241840 as Supervisor
	7.9	Elect Cheng Chung-Jen with		For	For		Mgmt
		Shareholder ID No. 264008 as
		Supervisor
	7.10	Elect Chen Yen-Cheng with		For	For		Mgmt
		Shareholder ID No. 185 as Supervisor
	8	Approve Release of Restrictions of		For	For		Mgmt
		Competitive Activities of Directors
	9	Other Business		For	Against		Mgmt
06/11/08 -	ENEL SpA		T3679P115			None	1,229,378
A/S
		Ordinary Business
	1	Accept Financial Statements,		For			Mgmt
		Consolidated Financial Statements,
		Statutory Reports, and External
		Auditors' Reports as of Dec. 31, 2007
	2	Approve Allocation of Income		For			Mgmt
	3	Fix Number of Directors		For			Mgmt
	4	Set Directors' Term of Office		For			Mgmt
	5.a	Elect Directors - Slate Assogestioni		For			Mgmt
	5.b	Elect Directors - Slate Ministry of		For			Mgmt
		Economics and Finance
	6	Elect Chairman of the Board of		For			Mgmt
		Directors
	7	Approve Remuneration of Board of		For			Mgmt
		Directors
	8	Adjust Remuneration of External		For			Mgmt
		Auditors
	9	Approve 2008 Stock Option Plan for		For			Mgmt
		Top Management of Enel Spa and its
		Subsidiaries According to the Article
		2359 of the Italian Civil Code
	10	Approve 2008 Incentive Plan for Top		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 249

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Management of Enel Spa and its
		Subsidiaries According to the Article
		2359 of the Italian Civil Code
		Special Business
	1	Authorize Board of Directors to		For			Mgmt
		Increase Capital Up to EUR 12 Million
		for the Execution of the 2008 Stock
		Option Plan
		Do not vote in shareblocking markets.
06/11/08 - A	Sonova Holding AG (formerly H8024W106					None		109,486
	Phonak Holding AG)
	1	Share Re-registration Consent		For			Mgmt
		Do not vote in shareblocking markets.
06/11/08 - A	Sonova Holding AG (formerly H8024W106					None		109,486
	Phonak Holding AG)
	1	Accept Financial Statements and		For			Mgmt
		Statutory Reports
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of CHF 1 per Share
	3	Approve Discharge of Board and		For			Mgmt
		Senior Management
	4	Reelect Heliane Canepa as Director		For			Mgmt
	5	Ratify PricewaterhouseCoopers AG as		For			Mgmt
		Auditors
	6	Adopt New Articles of Association		For			Mgmt
	7	Approve CHF 69,750 Reduction in		For			Mgmt
		Share Capital via Cancellation of
		Repurchased Shares
		Do not vote in shareblocking markets.
06/12/08 - A	LIG Insurance Co. (frmly LG		Y5277H100			03/31/08		41,720
	Insurance Co.)
	1	Approve Appropriation of Income and		For	For		Mgmt
		Dividend of KRW 500 Per Share
	2	Amend Articles of Incorporation		For	For		Mgmt
		Regarding Company's Name
	3	Elect Two Inside Directors and One		For	For		Mgmt
		Outside Director (Bundled)
	4	Elect Members of Audit Committee		For	For		Mgmt
		Who Are Independent
	5	Approve Remuneration of Executive		For	For		Mgmt
		Directors and Independent Non-
Mgmt Rec - Company Management Recommended Vote								Page 250

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Executive Directors
06/12/08 - A	PT Bumi Resources Tbk		Y7122M110			05/27/08	4,531,000
	1	Accept Directors' Report		For	For		Mgmt
	2	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	3	Approve Allocation of Income		For	For		Mgmt
	4	Approve Auditors and Authorize Board		For	For		Mgmt
		to Fix Their Remuneration
	5	Approve Remuneration of Directors		For	For		Mgmt
		and Commissioners
06/12/08 - S	PT Bumi Resources Tbk		Y7122M110			05/27/08	4,531,000
	1	Amend Articles of Association		For	For		Mgmt
	2	Authorize Share Repurchase Program		For	For		Mgmt
06/12/08 - A	PT Timah Tbk.		Y7148A116			05/27/08		310,000
	1	Accept Directors' Report and Report on		For	For		Mgmt
		Partnership and Community
		Development Program for 2007
	2	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports, and Partnership and
		Community Development Program in
		2007
	3	Accept Commissioners' Report		For	For		Mgmt
	4	Approve Allocation of Income		For	For		Mgmt
	5	Approve Remuneration of Directors		For	For		Mgmt
		and Commissioners
	6	Approve Auditors for the Annual Report		For	For		Mgmt
		and Report on the Partnership and
		Community Development Program for
		2008
06/12/08 - S	PT Timah Tbk.		Y7148A116			05/27/08		310,000
	1	Approve Stock Split		For	For		Mgmt
	2	Amend Articles of Association		For	For		Mgmt
	3	Elect Directors and Commissioners		For	For		Mgmt
06/13/08 - A	Acer Inc.		Y0004E108			04/14/08		297,000
		Elect Directors
	1	Elect Directors		For	For		Mgmt
		Elect Supervisors
	1.8	Elect Carolyn Yeh with ID No.		For	For		Mgmt
		A202395907 as Supervisor
	1.9	Elect George Huang with ID No.		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 251

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		A101313365 as Supervisor
	2	Accept 2007 Business Report and		For	For		Mgmt
		Financial Statements
	3	Approve 2007 Profit Distribution Plan		For	For		Mgmt
	4	Approve Capitalization of 2007		For	For		Mgmt
		Dividends and Employee Profit Sharing
	5	Approve Merger Agreement		For	For		Mgmt
	6	Amend Articles of Association		For	For		Mgmt
	7	Approve Employee Stock Option Plan		For	For		Mgmt
	8	Amend Procedures Governing the		For	For		Mgmt
		Acquisition or Disposal of Assets
	9	Amend Foreign Exchange Risk		For	For		Mgmt
		Management Policy and Guidelines
	10	Approve Release of Restrictions of		For	For		Mgmt
		Competitive Activities of Directors
06/13/08 - A	Cheng Shin Rubber Industry		Y1306X109			04/14/08		621,000
	Co. Ltd.
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports (Voting)
	2	Approve Allocation of Income and		For	Against		Mgmt
		Dividends
	3	Approve Capitalization of 2007		For	For		Mgmt
		Dividends and Employee Profit Sharing
	4	Amend Election Rules of Directors and		For	For		Mgmt
		Supervisors
	5	Amend Endorsement and Guarantee		For	For		Mgmt
		Operating Guidelines
	6	Amend Articles of Association		For	For		Mgmt
	7	Elect Directors and Supervisors		For	For		Mgmt
		(Bundled)
	8	Approve Release of Restrictions of		For	For		Mgmt
		Competitive Activities of Directors
06/13/08 - A	First Financial Holding Co.		Y2518F100			04/14/08	3,818,000
	Ltd.
	1	Accept 2007 Business Report and		For	For		Mgmt
		Financial Statements
	2	Approve 2007 Profit Distribution Plan		For	For		Mgmt
	3	Approve Capitalization of 2007		For	For		Mgmt
		Dividends
	4	Transact Other Business (Non-Voting)		None	None		Mgmt
06/13/08 - A	Fubon Financial Holding Co.		Y26528102			04/14/08	1,950,000
	Ltd.
	1	Accept 2007 Business Report and		For	For		Mgmt
		Financial Statements
Mgmt Rec - Company Management Recommended Vote								Page 252

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Amend Articles of Association		For	For		Mgmt
	4	Amend Rules and Procedures		For	For		Mgmt
		Regarding Shareholder Meeting
	5	Amend Election Rules of Directors and		For	For		Mgmt
		Supervisors
	6	Elect Directors		For	For		Mgmt
	7	Approve Release of Restrictions of		For	For		Mgmt
		Competitive Activities of Directors
06/13/08 - A	Grifols SA		E5706X124			None		214,999
	1	Accept Individual Financial Statements		For	For		Mgmt
		and Statutory Reports for Fiscal Year
		Ended Dec 31, 2007; Allocation of
		Income
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports for
		Fiscal Year Ended Dec 31, 2007
	3	Approve Discharge of Directors		For	For		Mgmt
	4	Reelect External Auditors for the		For	For		Mgmt
		Individual Firm
	5	Reelect External Auditors for the		For	For		Mgmt
		Consolidated Group
	6	Reelect Christian M. C. Purslow as		For	For		Mgmt
		Director
	7	Approve Remuneration of Directors		For	For		Mgmt
	8	Authorize Repurchase of Shares		For	For		Mgmt
	9	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
		Shareholder Proposals
	10	Approve Distribution of EUR 10.03		For	For		ShrHoldr
		Million from the Share Premium
		Account as Proposed by Scranton
		Enterprises BV
06/13/08 - A	HIGH TECH COMPUTER		Y3194T109			04/15/08		103,000
	CORP
	1	Accept 2007 Business Report and		For	For		Mgmt
		Financial Statements
	2	Approve 2007 Profit Distribution Plan		For	For		Mgmt
	3	Approve Capitalization of 2007		For	For		Mgmt
		Dividends and Employee Profit Sharing
	4	Amend Articles of Association		For	For		Mgmt

Mgmt Rec - Company Management Recommended Vote

Page 253

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/13/08 - A	POWERTECH TECHNOLOGY		Y7083Y103			04/14/08		136,000
	INC
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports (Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Approve Capitalization of 2007		For	For		Mgmt
		Dividends and Employee Profit Sharing
	4	Amend Articles of Association		For	For		Mgmt
	5	Amend Election Rules of Directors and		For	Against		Mgmt
		Supervisors
		Elect Directors
	6	Elect Directors		For	Split		Mgmt
	6.1	Elect D.K Tsai with Shareholder ID No.
		641 as Director --- Against
	6.2	Elect David Sun, a Representative of
		KTC-TU Corporation, with Shareholder
		ID No. 33709 as Director --- Against
	6.3	Elect J.Y.Hung, a Representative of
		KTC-TU Corporation with Shareholder
		ID No. 33709 as Director --- Against
	6.4	Elect Brian Shieh, a Representative of
		Shi Ren Investment Stock Ltd. with
		Shareholder ID No. 2329 as Director ---
		Against
	6.5	Elect Eisuke Itoh, a Representative of
		Toshiba Memory Semiconductor
		Taiwan Corp. with Shareholder ID No.
		2509 as Director --- Against
	6.6	Elect Yasushi Takahashi, a
		Representative of KTC-TU Corporation
		with Shareholder ID No. 33709 as
		Director --- Against
	6.7	Elect Bing Yeh, a Representative of
		Silicon Storage Technology Inc., with
		Shareholder ID No.19522 as Director --
		- Against
	6.8	Elect Quincy Lin with ID No.
		D100511842 as Director --- For
	6.9	Elect Wan-Lai Cheng with Shareholder
		ID No. 195 as Director --- For
		Elect Supervisors
	6.10	Elect Mike Chan, a Representative of		For	For		Mgmt
		KTC-SUN Corporation with
		Shareholder ID No. 33710 as
		Supervisor
	6.11	Elect Tim Yeh, a Representative of		For	For		Mgmt
		KTC-SUN Corporation with
		Shareholder ID No. 33710 as
		Supervisor
Mgmt Rec - Company Management Recommended Vote								Page 254

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6.12	Elect Jason Liang, a Representative of		For	For		Mgmt
		KTC-SUN Corporation with
		Shareholder ID No. 33710 as
		Supervisor
	7	Approve Release of Restrictions of		For	For		Mgmt
		Competitive Activities of Directors
06/13/08 - A	Siliconware Precision		Y7934R109			04/14/08		605,000
	Industries Co. Ltd.
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports (Voting)
	2	Approve 2007 Profit Distribution Plan		For	For		Mgmt
	3	Approve Capitalization of 2007		For	For		Mgmt
		Dividends and Employee Profit Sharing
		Elect Directors
	4	Elect Directors		For	For		Mgmt
		Elect Supervisors
	4.10	Elect Wen-Lung Cheng with		For	For		Mgmt
		Shareholder ID No. 8 as Supervisor
	4.11	Elect Fu-Mei Tang with Shareholder ID		For	For		Mgmt
		No. 24 as Supervisor
	4.12	Elect Teresa Wang, a Representative		For	For		Mgmt
		of Siliconware Investment Company
		with Shareholder ID No. 48671 as
		Supervisor
	5	Approve Release of Restrictions of		For	For		Mgmt
		Competitive Activities of Directors
06/13/08 - A	TAIWAN COOPERATIVE		Y83749104			04/14/08	1,033,000
	BANK
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports (Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Approve Capitalization of 2007		For	For		Mgmt
		Dividends and Employee Profit Sharing
	4	Amend Articles of Association		For	For		Mgmt
	5	Transact Other Business (Non-Voting)		None	None		Mgmt
06/13/08 - A	Taiwan Semiconductor		Y84629107			04/15/08	2,442,377
	Manufacturing Co.
	1	Accept 2007 Business Report and		For	For		Mgmt
		Financial Statements
	2	Approve 2007 Profit Distribution		For	For		Mgmt
	3	Approve Capitalization of 2007		For	For		Mgmt
		Dividends, Employee Profit Sharing,
		and Capitalization of Capital Surplus
Mgmt Rec - Company Management Recommended Vote								Page 255

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
06/13/08 - S	Turkiye Garanti Bankasi	M4752S106			None		362,581

		Special Meeting Agenda
	1	Open Meeting and Elect Presiding		For			Mgmt
		Council
	2	Authorize Presiding Council to Sign		For			Mgmt
		Minutes of Meeting
	3	Authorize Purchase of Founder Shares		For			Mgmt
	4	Amend Company Articles		For			Mgmt
		Do not vote in shareblocking markets.
06/14/08 - A	Infosys Technologies Ltd		456788108			05/12/08		13,005
		Meeting for ADR Holders
	1	TO RECEIVE, CONSIDER AND		For	For		Mgmt
		ADOPT THE BALANCE SHEET AS AT
		MARCH 31, 2008 AND THE PROFIT
		AND LOSS ACCOUNT FOR THE
		YEAR.
	2	TO DECLARE A FINAL AND SPECIAL		For	For		Mgmt
		DIVIDEND FOR THE FINANCIAL
		YEAR ENDED MARCH 31, 2008.
	3	TO APPOINT A DIRECTOR IN PLACE		For	For		Mgmt
		OF CLAUDE SMADJA, WHO
		RETIRES BY ROTATION AND, BEING
		ELIGIBLE, SEEKS RE-
		APPOINTMENT.
	4	TO APPOINT A DIRECTOR IN PLACE		For	For		Mgmt
		OF SRIDAR A. IYENGAR, WHO
		RETIRES BY ROTATION AND, BEING
		ELIGIBLE SEEKS RE-
		APPOINTMENT.
	5	TO APPOINT A DIRECTOR IN PLACE		For	For		Mgmt
		OF NANDAN M. NILEKANI, WHO
		RETIRES BY ROTATION AND, BEING
		ELIGIBLE, SEEKS RE-
		APPOINTMENT.
	6	TO APPOINT A DIRECTOR IN PLACE		For	For		Mgmt
		OF K. DINESH, WHO RETIRES BY
		ROTATION AND, BEING ELIGIBLE,
		SEEKS RE-APPOINTMENT.
	7	TO APPOINT A DIRECTOR IN PLACE		For	For		Mgmt
		OF SRINATH BATNI, WHO RETIRES
		BY ROTATION AND, BEING
		ELIGIBLE, SEEKS RE-
		APPOINTMENT.
	8	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 256

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/18/08 - A	Hitachi Metals Ltd. *5486*		J20538112			03/31/08		46,000
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director --- For
	1.2	Elect Director --- For
	1.3	Elect Director --- Against
	1.4	Elect Director --- Against
	1.5	Elect Director --- Against
	1.6	Elect Director --- For
	1.7	Elect Director --- For
06/18/08 - A	So-Net Entertainment Corp.		J7620U108			03/31/08		35
	(formerly Sony
	Communication Network
	Corp.) *3789*
	1	Elect Directors		For	For		Mgmt
06/18/08 - A	Wan Hai Lines Limited		Y9507R102			04/18/08		1
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports (Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Approve Capitalization of 2007		For	For		Mgmt
		Dividends and Employee Profit Sharing
	4	Amend Operating Procedures for Loan		For	For		Mgmt
		of Funds to Other Parties
	5	Elect Directors and Supervisors		For	For		Mgmt
		(Bundled)
	6	Transact Other Business (Non-Voting)		None	None		Mgmt
06/19/08 - A	AU Optronics Corp		Y0451X104			04/18/08		579,000
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports (Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Approve Capitalization of 2007		For	For		Mgmt
		Dividends and Employee Profit Sharing
	4	Amend Election Rules of Directors and		For	For		Mgmt
		Supervisors
	5	Approve Release of Restrictions of		For	For		Mgmt
		Competitive Activities of Directors
	6	Transact Other Business (Non-Voting)		None	None		Mgmt
06/19/08 - A	China Steel Corporation		Y15041109			04/18/08	1,026,000
	1	Accept Financial Statements and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 257

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statutory Reports (Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Approve Capitalization of 2007		For	For		Mgmt
		Dividends and Employee Profit Sharing
	4	Amend Articles of Association		For	For		Mgmt
	5	Approve Acquisition of Dragon Steel		For	For		Mgmt
		Corporation Through Sale Swap
		Agreement
	6	Approve Issuance of New Shares in		For	For		Mgmt
		Relation to The Share Swap
		Agreement with Dragon Steen
		Corporation
	7	Amend Rules and Procedures		For	For		Mgmt
		Regarding Shareholder Meeting
	8	Amend Procedures Governing the		For	For		Mgmt
		Acquisition or Disposal of Assets
	9	Approve Release of Restrictions of		For	For		Mgmt
		Competitive Activities of Directors
	10	Other Business		For	Against		Mgmt
06/19/08 - A	Chunghwa Telecom Co. Ltd.		Y1613J108			04/18/08		994,000
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports (Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Amend Articles of Association		For	For		Mgmt
	4	Approve Capitalization of 2007		For	For		Mgmt
		Dividends and Employee Profit Sharing
	5	Amend Procedures Governing the		For	For		Mgmt
		Acquisition or Disposal of Assets
	6	Transact Other Business (Non-Voting)		None	None		Mgmt
06/19/08 - A	Deutsche Euroshop AG		D1854M102			None		28,082
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.05 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2007
	5	Elect Supervisory Board Member		For	For		Mgmt
	6	Approve Remuneration of Supervisory		For	For		Mgmt
		Board
	7	Ratify BDO Deutsche Warentreuhand		For	For		Mgmt
		AG as Auditors for Fiscal 2008
Mgmt Rec - Company Management Recommended Vote								Page 258

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
06/19/08 - A	Formosa Plastics Corp.	Y26095102			04/18/08		413,000

	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports (Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Amend Articles of Association		For	For		Mgmt
	4	Amend Election Rules of Directors and		For	For		Mgmt
		Supervisors
	5	Other Business		For	Against		Mgmt
06/19/08 - A	KDDI Corporation (frm. DDI		J31843105			03/31/08		1,660
	Corp.) *9433*
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JY 5500
	2	Amend Articles To Make Technical		For	For		Mgmt
		Changes to Reflect Abolition of
		Fractional Shares
	3	Elect Directors		For	Split		Mgmt
	3.1	Elect Director --- For
	3.2	Elect Director --- For
	3.3	Elect Director --- For
	3.4	Elect Director --- For
	3.5	Elect Director --- For
	3.6	Elect Director --- For
	3.7	Elect Director --- For
	3.8	Elect Director --- For
	3.9	Elect Director --- Against
	3.10	Elect Director --- Against
	3.11	Elect Director --- Against
	4.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	4.2	Appoint Internal Statutory Auditor		For	For		Mgmt
	4.3	Appoint Internal Statutory Auditor		For	Against		Mgmt
	4.4	Appoint Internal Statutory Auditor		For	Against		Mgmt
	5	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
06/19/08 - A	Kintetsu World Express, Inc.		J33384108			03/31/08		29,200
	*9375*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 13
	2	Elect Directors		For	Split		Mgmt
	2.1	Elect Director --- For
	2.2	Elect Director --- For
	2.3	Elect Director --- For
Mgmt Rec - Company Management Recommended Vote								Page 259

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

2.4	Elect Director --- For
2.5	Elect Director --- For
2.6	Elect Director --- For
2.7	Elect Director --- For
2.8	Elect Director --- For
2.9	Elect Director --- For
2.10	Elect Director --- For
2.11	Elect Director --- For
2.12	Elect Director --- For
2.13	Elect Director --- For
2.14	Elect Director --- For
2.15	Elect Director --- For
2.16	Elect Director --- For
2.17	Elect Director --- Against

06/19/08 - A	MTN Group Ltd. (formerly M-		S8039R108			None		150,972
	CELL)
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for Year Ended 12-
		31-07
	2	Reelect K.P. Kaylan as Director		For	For		Mgmt
	3	Reelect R.D. Nisbet as Director		For	For		Mgmt
	4	Reelect J.H.N. Strydom as Director		For	For		Mgmt
	5	Reelect A.R.H. Sharbatly as Director		For	Against		Mgmt
	6	Place Authorized But Unissued Shares		For	For		Mgmt
		under Control of Directors up to 10
		Percent of Issued Capital
	7	Authorize Repurchase of up to 10		For	For		Mgmt
		Percent of Issued Share Capital
06/19/08 - A	Tokai Rika Co. Ltd. *6995*		J85968105			03/31/08		28,000
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 25
	2	Elect Directors		For	For		Mgmt
	3	Appoint Internal Statutory Auditor		For	Against		Mgmt
	4	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
	5	Approve Stock Option Plan		For	For		Mgmt
	6	Approve Retirement Bonuses for		For	Against		Mgmt
		Directors and Statutory Auditor
06/19/08 - A	WEICHAI POWER CO		Y9531A109			05/16/08		170,000
	1	Accept Annual Report of the Company		For	For		Mgmt
	2	Accept Report of the Board of Directors		For	For		Mgmt
	3	Accept Report of the Supervisory		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 260

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Committee
	4	Accept Financial Statements and		For	For		Mgmt
		Auditors' Report
	5	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	6	Approve Profit Distribution Proposal		For	For		Mgmt
	7	Reappoint Shandong Zheng Yuan		For	For		Mgmt
		Hexin Accountants Ltd. as PRC
		Auditors and Authorize Board to Fix
		Their Remuneration
	8	Reappoint Deloitte Touche Tohmatsu		For	For		Mgmt
		as Non-PRC Auditors and Authorize
		Board to Fix Their Remuneration
	9	Approve Interim Dividend for the Year		For	For		Mgmt
		Ending Dec. 31, 2008
	10	Amend Articles of Association		For	For		Mgmt
	11	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
06/20/08 - A	Banco Santander S.A.		E19790109			None	1,412,447
	1	Accept Individual and Consolidated		For	For		Mgmt
		Financial Statements and Statutory
		Reports and Discharge Directors for
		Fiscal Year Ended December 31, 2007
	2	Approve Allocation of Income		For	For		Mgmt
	3	Elect Directors		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
	5	Authorize Repurchase of Shares in		For	For		Mgmt
		Accordance With Article 75 of
		Corporate Law; Void Authorization
		Granted on June 23, 2007
	6	Approve New Corporate Bylaws and		For	For		Mgmt
		Void Effective Ones
	7	Amend Article 8 of the General		For	For		Mgmt
		Meeting Guidelines
	8	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights in Accordance to Article 153
		1.a) of the Spanish Corporate Law;
		Void Authorization Granted at the AGM
		held on June 23, 2007
	9	Grant Board Authorization to Issue		For	For		Mgmt
		Convertible and/or Exchangeable Debt
		Securities without Preemptive Rights
	10	Authorize Issuance of Non-Convertible		For	For		Mgmt
		Fixed Income Securities
	11.1	Approve Bundled Incentive Plans		For	For		Mgmt
		Linked to Predetermined Requirements
		such as Total Return Results and EPS
Mgmt Rec - Company Management Recommended Vote								Page 261

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	11.2	Approve Savings Plan for Abbey		For	For		Mgmt
		National Plc' Employees and other
		Companies of Santander Group in the
		U.K.
	12	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
06/20/08 - A	Mitsubishi Steel Mfg. Co. Ltd. J44475101					03/31/08		38,610
	*5632*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 5
	2	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
	3	Appoint Internal Statutory Auditor		For	For		Mgmt
	4	Approve Retirement Bonus for		For	For		Mgmt
		Statutory Auditor
06/20/08 - A	Musashi Seimitsu Industry		J46948105			03/31/08		22,500
	Co. Ltd. *7220*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 18
	2	Elect Directors		For	For		Mgmt
	3.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.2	Appoint Internal Statutory Auditor		For	Against		Mgmt
	4	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
	5	Approve Retirement Bonuses for		For	For		Mgmt
		Director and Statutory Auditor
06/20/08 - A	NS SOLUTIONS CORP. *2327* J59332106					03/31/08		18,300
	1	Elect Directors		For	For		Mgmt
	2	Appoint Internal Statutory Auditor		For	For		Mgmt
06/20/08 - A	PICC PROPERTY AND		Y6975Z103			05/20/08		662,000
	CASUALTY COMPANY LTD
	1	Accept Report of Directors		For	For		Mgmt
	2	Accept Report of the Supervisory		For	For		Mgmt
		Committee
	3	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	4	Approve Profit Distribution Plan for the		For	For		Mgmt
		Year Ended Dec. 31, 2007
	5	Approve Remuneration of Directors		For	For		Mgmt
	6	Approve Remuneration of Supervisors		For	For		Mgmt
	7	Reappoint Ernst & Young and Ernst &		For	For		Mgmt
		Young Hua Ming as International and
Mgmt Rec - Company Management Recommended Vote								Page 262

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Domestic Auditors, Respectively, and
		Authorize Board to Fix Their
		Remuneration
	8	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
06/20/08 - A	Sumitomo Corp. *8053*		J77282119			03/31/08		501,500
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 20
	2	Elect Directors		For	For		Mgmt
	3	Appoint Internal Statutory Auditor		For	Against		Mgmt
	4	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors
	5	Approve Stock Option Plan for		For	For		Mgmt
		Directors
	6	Approve Deep Discount Stock Option		For	For		Mgmt
		Plan
06/20/08 - A	Temenos Group AG		H8547Q107			None		45,160
	1	Share Re-registration Consent		For			Mgmt
		Do not vote in shareblocking markets.
06/21/08 - A	DENA CO LTD *2432*		J1257N107			03/31/08		145
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 1800
06/23/08 - A	Coca-Cola Hellenic Bottling		X1435J105			None		132,022
	Co.
		Annual Meeting Agenda
	1	Receive Statutory Reports		For			Mgmt
	2	Accept Financial Statements		For			Mgmt
	3	Approve Discharge of Board and		For			Mgmt
		Auditors
	4	Approve Director Remuneration		For			Mgmt
	5	Approve Auditors and Fix Their		For			Mgmt
		Remuneration
	6	Approve Allocation of Income and		For			Mgmt
		Dividends
	7	Elect Directors		For			Mgmt
	8	Change Company Name		For			Mgmt
	9	Approve Conversion of Shares to		For			Mgmt
		Registered Form
	10	Amend Articles: Bond Issuance		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 263

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	11	Amend Articles: Quorum Requirements		For			Mgmt
	12	Amend Articles: Legal Compliance		For			Mgmt
	13	Amend Stock Option Plan		For			Mgmt
		Do not vote in shareblocking markets.
06/23/08 - A	Genting Bhd		Y26926116			None		714,400
		Ordinary Business
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for the Financial
		Year Ended Dec. 31, 2007
	2	Approve Final Dividend of MYR 0.043		For	For		Mgmt
		Per Share Less 26 Percent Tax for the
		Financial Year Ended Dec. 31, 2007
	3	Approve Remuneration of Directors in		For	For		Mgmt
		the Amount of MYR 812,125 for the
		Financial Year Ended Dec. 31, 2007
	4	Elect R. Thillainathan as Director		For	For		Mgmt
	5	Elect Lin See Yan as Director		For	For		Mgmt
	6	Elect Chin Kwai Yoong as Director		For	For		Mgmt
	7	Elect Mohd Amin bin Osman, as		For	For		Mgmt
		Director
	8	Elect Hashim bin Nik Yusoff as Director		For	Against		Mgmt
	9	Approve PricewaterhouseCoopers as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
		Special Business
	1	Amend Articles of Association as Set		For	For		Mgmt
		Out in Part C of the Document to
		Shareholders Dated May 30, 2008
		Ordinary Business
	10	Approve Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights in Any Amount Up to 10 Percent
		of Issued Share Capital
	11	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	12	Approve Exemption to Kien Huat		For	For		Mgmt
		Realty Sdn Bhd from the Obligation to
		Undertake Mandatory Take-Over Offer
		on the Remaining Voting Shares in the
		Company Not Already Owned by Them
		After the Proposed Share Repurchase
		Program
06/23/08 - A	Resorts World Bhd		Y7368M113			None	1,310,300
		Ordinary Business
Mgmt Rec - Company Management Recommended Vote								Page 264

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports for the Financial
		Year Ended Dec. 31, 2007
	2	Approve Final Dividend of MYR 0.036		For	Against		Mgmt
		Per Share Less 26 Percent Tax for the
		Financial Year Ended Dec. 31, 2007
	3	Approve Remuneration of Directors in		For	For		Mgmt
		the Amount of MYR 755,900 for the
		Financial Year Ended Dec. 31, 2007
	4	Elect Lim Kok Thay as Director		For	Against		Mgmt
	5	Elect Mohd Zahidi bin Hj Zainuddin as		For	For		Mgmt
		Director
	6	Elect Alwi Jantan as Director		For	For		Mgmt
	7	Elect Wan Sidek bin Hj Wan Abdul		For	For		Mgmt
		Rahman as Director
	8	Approve PricewaterhouseCoopers as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
		Special Business
	1	Amend Articles of Association as Set		For	For		Mgmt
		Out in Part C of Document to
		Shareholders Dated May 30, 2008
		Ordinary Business
	9	Approve Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights in Any Amount Up to 10 Percent
		of Issued Share Capital
	10	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	11	Approve Exemption to Genting Bhd		For	For		Mgmt
		from the Obligation to Undertake
		Mandatory Take-Over Offer on
		Remaining Voting Shares in the
		Company Not Already Owned by Them
		After the Proposed Share Repurchase
		Program
06/23/08 - A	Tokai Rubber Industrial		J86011103			03/31/08		39,467
	*5191*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 9
	2	Amend Articles to: Amend Business		For	For		Mgmt
		Lines
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	4.2	Appoint Internal Statutory Auditor		For	Against		Mgmt
	4.3	Appoint Internal Statutory Auditor		For	Against		Mgmt
	5	Approve Adjustment to Aggregate		For	For		Mgmt
		Compensation Ceiling for Statutory
Mgmt Rec - Company Management Recommended Vote								Page 265

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Auditors
06/24/08 -	Alstom		F0259M475			06/19/08		44,655
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.60 per Share
	4	Approve Special Auditors' Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Approve Transaction with Patrick Kron		For	For		Mgmt
	6	Ratify Appointment of Bouygues as		For	For		Mgmt
		Director
	7	Reelect Jean-Paul Bechat as Director		For	For		Mgmt
	8	Reelect Pascal Colombani as Director		For	For		Mgmt
	9	Reelect Gerard Hauser as Director		For	For		Mgmt
	10	Authorize Repurchase of Up to Ten		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	11	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 600 Million
	12	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 250 Million
	13	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	14	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	15	Authorize Board to Issue Shares		For	For		Mgmt
		Reserved for Share Purchase Plan for
		Employees of Subsidiaries
	16	Approve 1 for 2 Stock Split and Amend		For	For		Mgmt
		Bylaws Accordingly
	17	Amend Article 15 of Bylaws Re:		For	For		Mgmt
		Electronic Voting, Voting Rights
	18	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
06/24/08 - A	Central Japan Railway Co.		J05523105			03/31/08		1,299
	*9022*
	1	Approve Allocation of Income, with a		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 266

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Final Dividend of JY 4500
	2	Elect Directors		For	Split		Mgmt
	2.1	Elect Director --- For
	2.2	Elect Director --- For
	2.3	Elect Director --- For
	2.4	Elect Director --- For
	2.5	Elect Director --- For
	2.6	Elect Director --- For
	2.7	Elect Director --- For
	2.8	Elect Director --- For
	2.9	Elect Director --- For
	2.10	Elect Director --- For
	2.11	Elect Director --- For
	2.12	Elect Director --- For
	2.13	Elect Director --- For
	2.14	Elect Director --- For
	2.15	Elect Director --- For
	2.16	Elect Director --- For
	2.17	Elect Director --- For
	2.18	Elect Director --- For
	2.19	Elect Director --- Against
	2.20	Elect Director --- For
	2.21	Elect Director --- Against
	3.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.2	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.3	Appoint Internal Statutory Auditor		For	For		Mgmt
06/24/08 - A	Hitachi Software Engineering		J20727103			03/31/08		27,300
	Co. Ltd. *9694*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director --- Against
	1.2	Elect Director --- For
	1.3	Elect Director --- For
	1.4	Elect Director --- For
	1.5	Elect Director --- For
	1.6	Elect Director --- For
	1.7	Elect Director --- Against
06/24/08 - S	Huaneng Power International		Y3744A105			05/23/08	2,114,000
	Inc.
	1	Approve Acquisition of 100 Percent		For	For		Mgmt
		Equity Interest in SinoSing Power Pte
		Ltd. from China Huaneng Group and
Mgmt Rec - Company Management Recommended Vote								Page 267

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Related Transactions
06/24/08 - A	Japan Tobacco Inc *2914*		J27869106			03/31/08		3,381
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 2600
	2	Elect Directors		For	For		Mgmt
	3	Appoint Internal Statutory Auditor		For	For		Mgmt
06/24/08 - A	Komatsu Ltd. *6301*		J35759125			03/31/08		499,500
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 22
	2	Elect Directors		For	For		Mgmt
	3	Appoint Internal Statutory Auditor		For	For		Mgmt
	4	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors
	5	Approve Stock Option Plan		For	For		Mgmt
06/24/08 - A	Mitsubishi Tanabe Pharma		J4448H104			03/31/08		343,000
	Corp. *4508*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 13
	2	Elect Directors		For	For		Mgmt
	3	Appoint Alternate Internal Statutory		For	Against		Mgmt
		Auditor
06/24/08 - A	Mitsui & Co. *8031*		J44690139			03/31/08		772,000
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 23
	2	Elect Directors		For	For		Mgmt
	3.1	Appoint Internal Statutory Auditor		For	Against		Mgmt
	3.2	Appoint Internal Statutory Auditor		For	For		Mgmt
06/24/08 - A	Mitsui O.S.K. Lines Ltd.		J45013109			03/31/08		649,700
	*9104*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 17
	2	Amend Articles to: Reduce Directors'		For	For		Mgmt
		Term in Office
	3	Elect Directors		For	For		Mgmt
	4	Appoint Alternate Internal Statutory		For	For		Mgmt
		Auditor
	5	Approve Stock Option Plan		For	For		Mgmt

Mgmt Rec - Company Management Recommended Vote

Page 268

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/24/08 - A	Sharp Corp. *6753*		J71434112			03/31/08		418,000
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 14
	2	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
	3	Amend Articles to: Limit Liability of		For	Against		Mgmt
		Statutory Auditors - Decrease
		Maximum Board Size - Limit Directors'
		Legal Liability - Allow Company to
		Make Rules Governing Exercise of
		Shareholders' Rights
	4	Elect Directors		For	For		Mgmt
	5.1	Appoint Internal Statutory Auditor		For	Against		Mgmt
	5.2	Appoint Internal Statutory Auditor		For	For		Mgmt
	6	Approve Retirement Bonuses and		For	For		Mgmt
		Special Payments in Connection with
		Abolition of Retirement Bonus System
	7	Approve Retirement Bonuses and		For	Against		Mgmt
		Special Payments in Connection with
		Abolition of Retirement Bonus System
	8	Approve Adjustment to Aggregate		For	For		Mgmt
		Compensation Ceiling for Directors
	9	Approve Takeover Defense Plan		For	Against		Mgmt
		(Poison Pill)
06/24/08 - A	Suruga Bank Ltd. *8358*		J78400108			03/31/08		446,000
	1	Amend Articles to: Authorize Public		For	For		Mgmt
		Announcements in Electronic Format
	2	Elect Directors		For	Split		Mgmt
	2.1	Elect Director --- For
	2.2	Elect Director --- For
	2.3	Elect Director --- For
	2.4	Elect Director --- For
	2.5	Elect Director --- For
	2.6	Elect Director --- For
	2.7	Elect Director --- For
	2.8	Elect Director --- For
	2.9	Elect Director --- Against
	3.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.2	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.3	Appoint Internal Statutory Auditor		For	For		Mgmt
	4	Approve Retirement Bonuses for		For	Against		Mgmt
		Directors and Statutory Auditors
	5	Approve Stock Option Planh		For	For		Mgmt

Mgmt Rec - Company Management Recommended Vote

Page 269

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/24/08 - A	Toyo Engineering Corp.		J91343103			03/31/08		106,000
	*6330*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 6
	2	Elect Directors		For	For		Mgmt
	3	Approve Adjustment to Aggregate		For	For		Mgmt
		Compensation Ceiling for Directors
06/24/08 - A	Toyota Motor Corp. *7203*		J92676113			03/31/08		240,352
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 75
	2	Elect Directors		For	For		Mgmt
	3	Approve Stock Option Plan		For	For		Mgmt
	4	Authorize Share Repurchase Program		For	For		Mgmt
	5	Approve Special Payments in		For	Against		Mgmt
		Connection with Abolition of
		Retirement Bonus System
	6	Approve Adjustment to Aggregate		For	For		Mgmt
		Compensation Ceiling for Statutory
		Auditors
	7	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
06/24/08 - A	TS TECH CO LTD *7313*		J9299N100			03/31/08		18,500
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 22
	2	Amend Articles to: Decrease Maximum		For	Against		Mgmt
		Board Size
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	4.2	Appoint Internal Statutory Auditor		For	Against		Mgmt
	4.3	Appoint Internal Statutory Auditor		For	Against		Mgmt
	5.1	Appoint Alternate Internal Statutory		For	Against		Mgmt
		Auditor
	5.2	Appoint Alternate Internal Statutory		For	Against		Mgmt
		Auditor
	6	Approve Retirement Bonuses and		For	For		Mgmt
		Special Payments in Connection with
		Abolition of Retirement Bonus System
	7	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
	8	Approve Adjustment to Aggregate		For	For		Mgmt
		Compensation Ceilings for Directors
		and Statutory Auditors

Mgmt Rec - Company Management Recommended Vote

Page 270

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/24/08 - A	Yahoo Japan Corporation		J95402103			03/31/08		14,354
	*4689*
	1	Amend Articles to: Amend Business		For	For		Mgmt
		Lines
	2	Elect Directors		For	Split		Mgmt
	2.1	Elect Director --- For
	2.2	Elect Director --- For
	2.3	Elect Director --- Against
	2.4	Elect Director --- For
	2.5	Elect Director --- For
	3.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.2	Appoint Internal Statutory Auditor		For	For		Mgmt
06/25/08 - A	Denso Corp. *6902*		J12075107			03/31/08		261,800
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 29
	2	Authorize Share Repurchase Program		For	For		Mgmt
	3	Elect Directors		For	For		Mgmt
	4	Approve Stock Option Plan		For	For		Mgmt
	5	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
06/25/08 - A	Hitachi Transport Systems		J2076M106			03/31/08		47,800
	Ltd. *9086*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director --- Against
	1.2	Elect Director --- For
	1.3	Elect Director --- For
	1.4	Elect Director --- For
	1.5	Elect Director --- For
	1.6	Elect Director --- For
	1.7	Elect Director --- Against
06/25/08 - A	Inpex Holdings Inc. *1605*		J2467E101			03/31/08		838
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 4000
	2	Amend Articles to: Change Location of		For	Against		Mgmt
		Head Office - Change Company Name
		- Allow Company to Make Rules
		Governing Exercise of Shareholders'
		Rights
	3	Elect Directors		For	For		Mgmt
	4	Appoint Internal Statutory Auditor		For	Against		Mgmt
	5	Approve Retirement Bonus and		For	Against		Mgmt
		Special Payments in Connection with
Mgmt Rec - Company Management Recommended Vote								Page 271

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Abolition of Retirement Bonus System
	6	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
	7	Approve Adjustment to Aggregate		For	For		Mgmt
		Compensation Ceilings for Directors
		and Statutory Auditors
06/25/08 - A	Itochu Corp. *8001*		J2501P104			03/31/08	1,030,000
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 9.5
	2	Elect Directors		For	For		Mgmt
	3	Appoint Internal Statutory Auditor		For	For		Mgmt
	4	Appoint Alternate Internal Statutory		For	For		Mgmt
		Auditor
06/25/08 - A	Mitsubishi Corp. *8058*		J43830116			03/31/08		580,300
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 30
	2	Elect Directors		For	Split		Mgmt
	2.1	Elect Director --- For
	2.2	Elect Director --- For
	2.3	Elect Director --- For
	2.4	Elect Director --- For
	2.5	Elect Director --- For
	2.6	Elect Director --- For
	2.7	Elect Director --- For
	2.8	Elect Director --- For
	2.9	Elect Director --- For
	2.10	Elect Director --- For
	2.11	Elect Director --- For
	2.12	Elect Director --- Against
	2.13	Elect Director --- For
	2.14	Elect Director --- For
	2.15	Elect Director --- For
	3.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.2	Appoint Internal Statutory Auditor		For	Against		Mgmt
	3.3	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.4	Appoint Internal Statutory Auditor		For	For		Mgmt
	4	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors
	5	Approve Deep Discount Stock Option		For	For		Mgmt
		Plan for Directors
	6	Set Amounts for Retirement Bonus		For	For		Mgmt
		Reserve Funds for Directors
Mgmt Rec - Company Management Recommended Vote								Page 272

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/26/08 - A	Addax Petroleum Corp.		00652V102			05/16/08		115,539
	*AXC*
	1	Approve Deloitte & Touche LLP as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
	2	Elect Directors		For	For		Mgmt
06/26/08 - A	BAUER AG		D0639R105			06/05/08		11,550
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2007
	5	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2008
	6	Approve Creation of EUR 2 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	7	Elect Manfred Nussbaumer to the		For	For		Mgmt
		Supervisory Board
06/26/08 - A	Chugoku Marine Paints Ltd.		J07182116			03/31/08		114,000
	*4617*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 7
	2.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	2.2	Appoint Internal Statutory Auditor		For	For		Mgmt
	3	Appoint Alternate Internal Statutory		For	For		Mgmt
		Auditor
06/26/08 - A	Hitachi Koki Co. Ltd. *6581*		J20412102			03/31/08		64,524
	1	Elect Directors		For	For		Mgmt
	2.1	Appoint Internal Statutory Auditor		For	Against		Mgmt
	2.2	Appoint Internal Statutory Auditor		For	Against		Mgmt
	2.3	Appoint Internal Statutory Auditor		For	For		Mgmt
	2.4	Appoint Internal Statutory Auditor		For	For		Mgmt
	3	Approve Retirement Bonuses for		For	For		Mgmt
		Director and Statutory Auditors
	4	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors

Mgmt Rec - Company Management Recommended Vote

Page 273

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
06/26/08 - A	Lukoil Oao	677862104			05/08/08		105,840

	Meeting for GDR Holders
1	Approve Annual Report, Financial	For	For	Mgmt
	Statements, and Allocation of Income,
	Including Dividends of RUB 42 per
	Ordinary Share
	Elect 11 Directors via Cumulative
	Voting
2	Elect Directors	None	Split	Mgmt
2.1	Elect Vagit Alekperov as Director ---
	Against
2.2	Elect Igor Belikov as Director ---
	Against
2.3	Elect Donald Evert Wallette as Director
	--- Against
2.4	Elect Valery Grayfer as Director ---
	Against
2.5	Elect Oleg Kutafin as Director ---
	Against
2.6	Elect Andrey Kostin as Director ---
	Against
2.7	Elect Ravil Maganov as Director ---
	Against
2.8	Elect Richard Matzke as Director ---
	For
2.9	Elect Sergey Mikhailov as Director ---
	For
2.10	Elect Nikolay Tsvetkov as Director ---
	Against
2.11	Elect Igor Sherkunov as Director ---
	Against
2.12	Elect Alexander Shokhin as Director ---
	For
	Elect Three Members of Audit
	Commission
3.1	Elect Lubov Ivanonva as Member of	For	For	Mgmt
	Audit Commission
3.2	Elect Pavel Kondratyev as Member of	For	For	Mgmt
	Audit Commission
3.3	Elect Vladimir Nikitenko as Member of	For	For	Mgmt
	Audit Commission
4	Approve Remuneration of Directors	For	For	Mgmt
	and Members of Audit Commission
5	Ratify CJSC KPMG as Auditor	For	For	Mgmt
6.1	Approve Related-Party Transaction	For	For	Mgmt
	with Naryanmarneftegaz LLC Re:
	Shareholder Loan Agreement
6.2	Approve Related-Party Transaction	For	For	Mgmt
	with OJSC YuGK TGC-8 Re: Provision
	of Loan
Mgmt Rec - Company Management Recommended Vote					Page 274

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6.3	Approve Related-Party Transaction		For	For		Mgmt
		with OJSC YuGK TGC-8 Re: Receipt
		of Loan
	6.4	Approve Related-Party Transaction		For	For		Mgmt
		with OJSC YuGK TGC-8 Re: Receipt
		of Loan
	6.5	Approve Related-Party Transaction		For	For		Mgmt
		with Kapital Strakhovanie Re: Liability
		Insurance for Directors, Officers, and
		Corporations
06/26/08 - A	Makita Corp. *6586*		J39584107			03/31/08		188,100
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 67
	2.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	2.2	Appoint Internal Statutory Auditor		For	For		Mgmt
	2.3	Appoint Internal Statutory Auditor		For	For		Mgmt
	3	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors
	4	Approve Special Bonus for Family of		For	For		Mgmt
		Deceased Director
06/26/08 - A	Nippon Synthetic Chemical		J56085111			03/31/08		139,000
	Industry Co. Ltd. *4201*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 7
	2	Elect Directors		For	For		Mgmt
	3.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.2	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.3	Appoint Internal Statutory Auditor		For	Against		Mgmt
	4	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
06/26/08 - A	T&D HOLDINGS INC. *8795*		J86796109			03/31/08		112,300
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JY 65
	2	Elect Directors		For	For		Mgmt
	3	Appoint Alternate Internal Statutory		For	For		Mgmt
		Auditor
06/26/08 - A	Takeda Pharmaceutical Co.		J8129E108			03/31/08		232,409
	Ltd. *4502*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 84
	2	Elect Directors		For	For		Mgmt
	3.1	Appoint Internal Statutory Auditor		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 275

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3.2	Appoint Internal Statutory Auditor		For	For		Mgmt
	4	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
	5	Approve Retirement Bonuses and		For	Against		Mgmt
		Special Payments in Connection with
		Abolition of Retirement Bonus System
	6	Approve Adjustment to Aggregate		For	For		Mgmt
		Compensation Ceiling for Statutory
		Auditors
	7	Approve Deep Discount Stock Option		For	For		Mgmt
		Plan
06/27/08 - A	Air Water Inc. (formerly Daido J00662114					03/31/08		101,000
	Hoxoan Inc.) *4088*
	1	Elect Directors		For	For		Mgmt
	2.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	2.2	Appoint Internal Statutory Auditor		For	For		Mgmt
	2.3	Appoint Internal Statutory Auditor		For	Against		Mgmt
	2.4	Appoint Internal Statutory Auditor		For	For		Mgmt
06/27/08 - A	Bank of Kyoto Ltd. *8369*		J03990108			03/31/08		360,000
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 5
	2	Elect Directors		For	For		Mgmt
	3	Approve Retirement Bonuses and		For	Against		Mgmt
		Special Payments in Connection with
		Abolition of Retirement Bonus System
	4	Approve Adjustment to Aggregate		For	For		Mgmt
		Compensation Ceiling for Statutory
		Auditors
	5	Approve Deep Discount Stock Option		For	For		Mgmt
		Plan
06/27/08 - A	Chiba Bank Ltd. *8331*		J05670104			03/31/08		838,000
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 5.5
	2	Elect Directors		For	For		Mgmt
	3.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.2	Appoint Internal Statutory Auditor		For	For		Mgmt
	4	Approve Retirement Bonuses for		For	For		Mgmt
		Directors and Statutory Auditor
	5	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
06/27/08 - A	China Merchants Bank Co Ltd Y14896115					05/27/08		626,000
	1	Accept Work Report of the Board of		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 276

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Directors
	2	Accept Work Report of the Board of		For	For		Mgmt
		Supervisors
	3	Accept Audited Financial Report		For	For		Mgmt
	4	Accept Final Financial Report		For	For		Mgmt
	5	Approve Proposed Profit Appropriation		For	For		Mgmt
		and Final Dividend Distribution
	6	Appoint Auditors and Authorize Board		For	For		Mgmt
		to Fix Their Remuneration
	7	Accept Duty Performance and Cross-		For	For		Mgmt
		Evaluation Reports of Independent
		Non-Executive Directors
	8	Accept Assessment Report on the Duty		For	For		Mgmt
		Performance of Directors
	9	Accept Duty Performance and Cross-		For	For		Mgmt
		Evaluation Reports of External
		Supervisors
	10	Accept Related Party Transaction		For	For		Mgmt
		Report
	11	Approve Acquisition of a Portion of the		For	For		Mgmt
		Equity Interest in CIGNA & CMC Life
		Insurance Company Ltd.
	12	Approve Acquisition of Wing Lung		For	For		ShrHoldr
		Bank Ltd. Including the Subsequent
		Possible General Offer
	13a	Approve Issuance of Subordinated		For	Against		ShrHoldr
		Bonds (Bonds) in the Domestic and/or
		Overseas Market in the Principal
		Amount of Not More Than RMB 30
		Billion (Bond Issue)
	13b1	Approve Principal Amount of the Bonds		For	Against		ShrHoldr
	13b2	Approve Maturity of the Bonds		For	Against		ShrHoldr
	13b3	Approve Interest Rate of the Bonds		For	Against		ShrHoldr
	13b4	Approve Target Subscribers of the		For	Against		ShrHoldr
		Bonds
	13b5	Approve Use of Proceeds from the		For	Against		ShrHoldr
		Bonds Issue
	13b6	Approve Validity of the Resolution in		For	Against		ShrHoldr
		Relation to the Bonds Issue
	13b7	Approve Authorization in Respect of		For	Against		ShrHoldr
		the Bonds Issue
	13c	Approve Matters in Relation to the		For	Against		ShrHoldr
		Bonds Issue in the Overseas Market
06/27/08 - A	Futaba Industrial Co. Ltd.		J16800104			03/31/08		36,770
	*7241*
	1	Elect Directors		For	For		Mgmt
	2.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	2.2	Appoint Internal Statutory Auditor		For	Against		Mgmt
	2.3	Appoint Internal Statutory Auditor		For	Against		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 277

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2.4	Appoint Internal Statutory Auditor		For	For		Mgmt
	2.5	Appoint Internal Statutory Auditor		For	For		Mgmt
	3	Approve Retirement Bonus for Director		For	For		Mgmt
	4	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
06/27/08 - A	Gazprom OAO		368287108			05/08/08		13,736

Meeting for GDR Holders
Agenda - Part 1; Items 1 to 13.12

1	Approve Annual Report	For	For	Mgmt
2	Approve Financial Statements	For	For	Mgmt
3	Approve Allocation of Income	For	For	Mgmt
4	Approve Dividends of RUB 2.66 per	For	For	Mgmt
	Share
5	Ratify CJSC PricewaterhouseCoopers	For	For	Mgmt
	Audit as Auditor
6	Approve Remuneration of Directors	For	Against	Mgmt
	and Members of Audit Commission
7	Amend Charter	For	For	Mgmt
8	Amend Regulations on General	For	For	Mgmt
	Meetings
9	Amend Regulations on Board of	For	For	Mgmt
	Directors
10	Amend Regulations on Management	For	For	Mgmt
11	Determine Price for Services to Be	For	For	Mgmt
	Rendered to Company Pursuant to
	Agreement on Insuring Liability of
	Directors and Management
	Approve Related-Party Transactions
12.1	Approve Related-Party Transactions	For	For	Mgmt
	with OJSC Gazprombank Re:
	Agreement on Transfer of Credit Funds
12.2	Approve Related-Party Transactions	For	For	Mgmt
	with OJSC Sberbank of Russia Re:
	Agreement on Transfer of Credit Funds
12.3	Approve Related-Party Transactions	For	For	Mgmt
	with OJSC Gazprombank Re:
	Agreement on Using Electronic
	Pyaments System
12.4	Approve Related-Party Transactions	For	For	Mgmt
	with OJSC Sberbank Re: Agreement
	on Using Electronic Payments System
12.5	Approve Related-Party Transactions	For	For	Mgmt
	with OJSC Gazprombank Re:
	Agreement on Foreign Currency
	Purchase
12.6	Approve Related-Party Transactions	For	For	Mgmt
	with OJSC Gazprombank Re:
	Agreement on Guarantees to Tax
Mgmt Rec - Company Management Recommended Vote					Page 278

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Authorities
	12.7	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Sberbank Re: Agreement
		on Guarantees to Tax Authorities
	12.8	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazprombank Re:
		Agreement on Guarantees to Tax
		Authorities
	12.9	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Beltransgaz Re: Agreement
		on Temporary Possession and Use of
		Facilities of Yamal-Europe Trunk Gas
		Pipeline
	12.10	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazpromregiongaz Re:
		Agreement on Temporary Possession
		and Use of Property Complex of Gas
		Distribution System
	12.11	Approve Related-Party Transactions		For	For		Mgmt
		with Gazkomplektimpeks LLC Re:
		Agreement on Temporary Possession
		and Use of Facilities of Methanol
		Pipeline
	12.12	Approve Related-Party Transactions		For	For		Mgmt
		with CJSC Stimul Re: Agreement on
		Temporary Possession and Use of
		Wells and Downhole
	12.13	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazpromtrubinvest Re:
		Agreement on Temporary Possession
		and Use of Building and Equipment of
		Tubing and Casing Manufacturing
		Facility
	12.14	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Lazurnaya Re: Agreement
		on Temporary Possession and Use of
		Property
	12.15	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Tsentrenergaz Re:
		Agreement on Temporary Possession
		and Use of Building and Equipment
	12.16	Approve Related-Party Transactions		For	For		Mgmt
		with Gazpromtrans LLC Re:
		Agreement on Temporary Possession
		and Use of Inftrastructure of Railway
		Stations
	12.17	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Tsentrgaz Re: Agreement
		on Temporary Possession and Use of
		Sports Complex
	12.18	Approve Related-Party Transactions		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 279

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		with OJSC Promgaz Re: Agreement on
		Temporary Possession and Use of
		Experimental Gas-Using Equipment
	12.19	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazprombank Re:
		Agreement on Temporary Possession
		and Use of Non-Residential Premises
	12.20	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Salavatnefteorgsintez Re:
		Agreement on Temporary Possession
		and Use of Gas Condensate Pipeline
	12.21	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Vostokgazprom Re:
		Agreement on Temporary Possession
		and Use of Special-Purpose
		Communications Installation
	12.22	Approve Related-Party Transactions		For	For		Mgmt
		with Gazprom Export LLC Re:
		Agreement on Temporary Possession
		and Use of Special-Purpose
		Communications
	12.23	Approve Related-Party Transactions		For	For		Mgmt
		with CJSC Gaztelecom Re: Agreement
		on Temporary Possession and Use of
		Communications Facilities
	12.24	Approve Related-Party Transactions		For	For		Mgmt
		with CJSC Gaztelecom Re: Agreement
		on Temporary Possession and Use of
		Communications Facilities
	12.25	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazprombank Re:
		Agreement on Obligations to Pay
		Customs Payments
	12.26	Approve Related-Party Transactions		For	For		Mgmt
		with Mezhregiongaz LLC Re:
		Agreement on Delivery of Gas
	12.27	Approve Related-Party Transactions		For	For		Mgmt
		with Mezhregiongaz LLC Re:
		Agreement on Accepting Purchase of
		Gas from Independent Entities
	12.28	Approve Related-Party Transactions		For	For		Mgmt
		with Mezhregiongaz LLC Re:
		Agreement on Gas Sale to Gazprom
	12.29	Approve Related-Party Transactions		For	For		Mgmt
		with Mezhregiongaz LLC Re:
		Agreement on Accepting Gas
		Purchased from Independent Entities
	12.30	Approve Related-Party Transactions		For	For		Mgmt
		with CJSC Northgas Re: Agreement on
		Accepting Gas Deliveries
	12.31	Approve Related-Party Transactions		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 280

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		with OJSC Novatek Re: Agreement on
		Delivery of Gas
	12.32	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Severneftegazprom Re:
		Agreement on Accepting Gas
		Deliveries
	12.33	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Tomskgazprom Re:
		Agreement on Arranging
		Transportation of Gas
	12.34	Approve Related-Party Transactions		For	For		Mgmt
		with Mezhregiongaz LLC Re:
		Agreement on Arranging
		Transportation of Gas
	12.35	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC GazpromNeft Re:
		Agreement on Arranging
		Transportation of Gas
	12.36	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Novatek Re: Agreement on
		Arranging Transportation of Gas
	12.37	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Sibur Re: Agreement on
		Arranging Transportation of Gas
	12.38	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Novatek Re: Agreement on
		Arranging Injection and Storage in
		Underground Gas Storage Facilities
	12.39	Approve Related-Party Transactions		For	For		Mgmt
		with Latvijas Gaze AS Re: Agreement
		on Sale of Gas
	12.40	Approve Related-Party Transactions		For	For		Mgmt
		with AB Lietuvos Dujos Re: Agreement
		on Sale of Gas
	12.41	Approve Related-Party Transactions		For	For		Mgmt
		with UAB Kauno Termofikacijos
		Elektrine Re: Agreement on Sale of
		Gas
	12.42	Approve Related-Party Transactions		For	For		Mgmt
		with MoldovaGaz SA Re: Agreement
		on Transportation of Gas in Transit
		Mode
	12.43	Approve Related-Party Transactions		For	For		Mgmt
		with MoldovaGaz SA Re: Agreement
		on Transportation of Gas in Transit
		Mode
	12.44	Approve Related-Party Transactions		For	For		Mgmt
		with KazRosGaz LLP Re: Agreement
		on Purchase of Gas
	12.45	Approve Related-Party Transactions		For	For		Mgmt
		with KazRosGaz LLP Re: Agreement
Mgmt Rec - Company Management Recommended Vote								Page 281

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		on Transportation Across Russia
	12.46	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Beltransgaz Re: Agreement
		on Sale of Gas
	12.47	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazpromtrubinvest Re:
		Agreement on Start-Up and
		Commissioning Work
	12.48	Approve Related-Party Transactions		For	For		Mgmt
		with CJSC Gazpromstroyinzhiniring
		Re: Agreement on Start-Up and
		Commissioning Work
	12.49	Approve Related-Party Transactions		For	For		Mgmt
		with CJSC Yamalgazinvest Re:
		Agreement on Start-Up and
		Commissioning Work
	12.50	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Sogaz Re: Agreement on
		Payment of Insurance Compensation
	12.51	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Sogaz Re: Agreement on
		Payment of Insurance
	12.52	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Vostokgazprom Re:
		Agreeement on Arranging Stocktaking
		of Property
	12.53	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for OJSC Gazprom
	12.54	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for OJSC Gazprom
	12.55	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for OJSC Gazprom
	12.56	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprospetsgaz Re:
		Agreement on Pre-Investment Studies
		for OJSC Gazprom
	12.57	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for OJSC Gazprom
	12.58	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for OJSC Gazprom
	12.59	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for OJSC Gazprom
	12.60	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for Gazprom
Mgmt Rec - Company Management Recommended Vote								Page 282

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	12.61	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprospetsgaz Re:
		Agreement on Pre-Investment Studies
	12.62	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprospetsgaz Re:
		Agreement on Pre-Investment Studies
	12.63	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprospetsgaz Re:
		Agreement on Research Work for
		Gazprom
	12.64	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprospetsgaz Re:
		Agreement on Pre-Investment Studies
	12.65	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprogaztsentr Re:
		Agreement on Pre-Investment Studies
	12.66	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprogaztsentr Re:
		Agreement on Research Work for
		OJSC Gazprom
	12.67	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprogaztsentr Re:
		Agreement on Research Work for
		OJSC Gazprom
	12.68	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC VNIPIgazdobycha Re:
		Agreement on Pre-Investment Studies
	12.69	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC VNIPIgazdobycha Re:
		Agreement on Pre-Investment Studies
	12.70	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC VNIPIgazdobycha Re:
		Agreement on Research Work for
		OJSC Gazprom
	12.71	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazproektinzhiniring Re:
		Agreement on Pre-Investment Studies
	12.72	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazproektinzhiniring Re:
		Agreement on Research Work for
		OJSC Gazprom
	12.73	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazproektinzhiniring Re:
		Agreement on Research Work for
		OJSC Gazprom
	12.74	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazavtomatika Re:
		Agreement on Research Work for
		OJSC Gazprom
	12.75	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazavtomatika Re:
Mgmt Rec - Company Management Recommended Vote								Page 283

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Agreement on Research Work for
		OJSC Gazprom
	12.76	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazavtomatika Re:
		Agreement on Research Work for
		OJSC Gazprom
		Elect Nine Members of Audit
		Commission
	13.1	Elect Dmitry Arkhipov as Member of		For	For		Mgmt
		Audit Commission
	13.2	Elect Denis Askinadze as Member of		For	For		Mgmt
		Audit Commission
	13.3	Elect Vadim Bikulov as Member of		For	For		Mgmt
		Audit Commission
	13.4	Elect Rafael Ishutin as Member of		For	For		Mgmt
		Audit Commission
	13.5	Elect Andrey Kobzev as Member of		For	For		Mgmt
		Audit Commission
	13.6	Elect Nina Lobanova as Member of		For	For		Mgmt
		Audit Commission
	13.7	Elect Dmitry Logunov as Member of		For	Against		Mgmt
		Audit Commission
	13.8	Elect Svetlana Mikhailova as Member		For	Against		Mgmt
		of Audit Commission
	13.9	Elect Yury Nosov as Member of Audit		For	Against		Mgmt
		Commission
	13.10	Elect Victoria Oseledko as Member of		For	For		Mgmt
		Audit Commission
	13.11	Elect Andrey Fomin as Member of		For	For		Mgmt
		Audit Commission
	13.12	Elect Yury Shubin as Member of Audit		For	Against		Mgmt
		Commission
06/27/08 - A	Gazprom OAO		368287207			05/08/08		416,052

Meeting for GDR Holders
Agenda - Part 1; Items 1 to 13.12

1	Approve Annual Report	For	For	Mgmt
2	Approve Financial Statements	For	For	Mgmt
3	Approve Allocation of Income	For	For	Mgmt
4	Approve Dividends of RUB 2.66 per	For	For	Mgmt
	Share
5	Ratify CJSC PricewaterhouseCoopers	For	For	Mgmt
	Audit as Auditor
6	Approve Remuneration of Directors	For	Against	Mgmt
	and Members of Audit Commission
7	Amend Charter	For	For	Mgmt
8	Amend Regulations on General	For	For	Mgmt
	Meetings
9	Amend Regulations on Board of	For	For	Mgmt

Mgmt Rec - Company Management Recommended Vote

Page 284

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Directors
	10	Amend Regulations on Management		For	For		Mgmt
	11	Determine Price for Services to Be		For	For		Mgmt
		Rendered to Company Pursuant to
		Agreement on Insuring Liability of
		Directors and Management
		Approve Related-Party Transactions
	12.1	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazprombank Re:
		Agreement on Transfer of Credit Funds
	12.2	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Sberbank of Russia Re:
		Agreement on Transfer of Credit Funds
	12.3	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazprombank Re:
		Agreement on Using Electronic
		Pyaments System
	12.4	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Sberbank Re: Agreement
		on Using Electronic Payments System
	12.5	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazprombank Re:
		Agreement on Foreign Currency
		Purchase
	12.6	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazprombank Re:
		Agreement on Guarantees to Tax
		Authorities
	12.7	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Sberbank Re: Agreement
		on Guarantees to Tax Authorities
	12.8	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazprombank Re:
		Agreement on Guarantees to Tax
		Authorities
	12.9	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Beltransgaz Re: Agreement
		on Temporary Possession and Use of
		Facilities of Yamal-Europe Trunk Gas
		Pipeline
	12.10	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazpromregiongaz Re:
		Agreement on Temporary Possession
		and Use of Property Complex of Gas
		Distribution System
	12.11	Approve Related-Party Transactions		For	For		Mgmt
		with Gazkomplektimpeks LLC Re:
		Agreement on Temporary Possession
		and Use of Facilities of Methanol
		Pipeline
	12.12	Approve Related-Party Transactions		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 285

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		with CJSC Stimul Re: Agreement on
		Temporary Possession and Use of
		Wells and Downhole
	12.13	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazpromtrubinvest Re:
		Agreement on Temporary Possession
		and Use of Building and Equipment of
		Tubing and Casing Manufacturing
		Facility
	12.14	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Lazurnaya Re: Agreement
		on Temporary Possession and Use of
		Property
	12.15	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Tsentrenergaz Re:
		Agreement on Temporary Possession
		and Use of Building and Equipment
	12.16	Approve Related-Party Transactions		For	For		Mgmt
		with Gazpromtrans LLC Re:
		Agreement on Temporary Possession
		and Use of Inftrastructure of Railway
		Stations
	12.17	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Tsentrgaz Re: Agreement
		on Temporary Possession and Use of
		Sports Complex
	12.18	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Temporary Possession and Use of
		Experimental Gas-Using Equipment
	12.19	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazprombank Re:
		Agreement on Temporary Possession
		and Use of Non-Residential Premises
	12.20	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Salavatnefteorgsintez Re:
		Agreement on Temporary Possession
		and Use of Gas Condensate Pipeline
	12.21	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Vostokgazprom Re:
		Agreement on Temporary Possession
		and Use of Special-Purpose
		Communications Installation
	12.22	Approve Related-Party Transactions		For	For		Mgmt
		with Gazprom Export LLC Re:
		Agreement on Temporary Possession
		and Use of Special-Purpose
		Communications
	12.23	Approve Related-Party Transactions		For	For		Mgmt
		with CJSC Gaztelecom Re: Agreement
		on Temporary Possession and Use of
Mgmt Rec - Company Management Recommended Vote								Page 286

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Communications Facilities
	12.24	Approve Related-Party Transactions		For	For		Mgmt
		with CJSC Gaztelecom Re: Agreement
		on Temporary Possession and Use of
		Communications Facilities
	12.25	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazprombank Re:
		Agreement on Obligations to Pay
		Customs Payments
	12.26	Approve Related-Party Transactions		For	For		Mgmt
		with Mezhregiongaz LLC Re:
		Agreement on Delivery of Gas
	12.27	Approve Related-Party Transactions		For	For		Mgmt
		with Mezhregiongaz LLC Re:
		Agreement on Accepting Purchase of
		Gas from Independent Entities
	12.28	Approve Related-Party Transactions		For	For		Mgmt
		with Mezhregiongaz LLC Re:
		Agreement on Gas Sale to Gazprom
	12.29	Approve Related-Party Transactions		For	For		Mgmt
		with Mezhregiongaz LLC Re:
		Agreement on Accepting Gas
		Purchased from Independent Entities
	12.30	Approve Related-Party Transactions		For	For		Mgmt
		with CJSC Northgas Re: Agreement on
		Accepting Gas Deliveries
	12.31	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Novatek Re: Agreement on
		Delivery of Gas
	12.32	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Severneftegazprom Re:
		Agreement on Accepting Gas
		Deliveries
	12.33	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Tomskgazprom Re:
		Agreement on Arranging
		Transportation of Gas
	12.34	Approve Related-Party Transactions		For	For		Mgmt
		with Mezhregiongaz LLC Re:
		Agreement on Arranging
		Transportation of Gas
	12.35	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC GazpromNeft Re:
		Agreement on Arranging
		Transportation of Gas
	12.36	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Novatek Re: Agreement on
		Arranging Transportation of Gas
	12.37	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Sibur Re: Agreement on
		Arranging Transportation of Gas
Mgmt Rec - Company Management Recommended Vote								Page 287

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	12.38	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Novatek Re: Agreement on
		Arranging Injection and Storage in
		Underground Gas Storage Facilities
	12.39	Approve Related-Party Transactions		For	For		Mgmt
		with Latvijas Gaze AS Re: Agreement
		on Sale of Gas
	12.40	Approve Related-Party Transactions		For	For		Mgmt
		with AB Lietuvos Dujos Re: Agreement
		on Sale of Gas
	12.41	Approve Related-Party Transactions		For	For		Mgmt
		with UAB Kauno Termofikacijos
		Elektrine Re: Agreement on Sale of
		Gas
	12.42	Approve Related-Party Transactions		For	For		Mgmt
		with MoldovaGaz SA Re: Agreement
		on Transportation of Gas in Transit
		Mode
	12.43	Approve Related-Party Transactions		For	For		Mgmt
		with MoldovaGaz SA Re: Agreement
		on Transportation of Gas in Transit
		Mode
	12.44	Approve Related-Party Transactions		For	For		Mgmt
		with KazRosGaz LLP Re: Agreement
		on Purchase of Gas
	12.45	Approve Related-Party Transactions		For	For		Mgmt
		with KazRosGaz LLP Re: Agreement
		on Transportation Across Russia
	12.46	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Beltransgaz Re: Agreement
		on Sale of Gas
	12.47	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazpromtrubinvest Re:
		Agreement on Start-Up and
		Commissioning Work
	12.48	Approve Related-Party Transactions		For	For		Mgmt
		with CJSC Gazpromstroyinzhiniring
		Re: Agreement on Start-Up and
		Commissioning Work
	12.49	Approve Related-Party Transactions		For	For		Mgmt
		with CJSC Yamalgazinvest Re:
		Agreement on Start-Up and
		Commissioning Work
	12.50	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Sogaz Re: Agreement on
		Payment of Insurance Compensation
	12.51	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Sogaz Re: Agreement on
		Payment of Insurance
	12.52	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Vostokgazprom Re:
Mgmt Rec - Company Management Recommended Vote								Page 288

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Agreeement on Arranging Stocktaking
		of Property
	12.53	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for OJSC Gazprom
	12.54	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for OJSC Gazprom
	12.55	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for OJSC Gazprom
	12.56	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprospetsgaz Re:
		Agreement on Pre-Investment Studies
		for OJSC Gazprom
	12.57	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for OJSC Gazprom
	12.58	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for OJSC Gazprom
	12.59	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for OJSC Gazprom
	12.60	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for Gazprom
	12.61	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprospetsgaz Re:
		Agreement on Pre-Investment Studies
	12.62	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprospetsgaz Re:
		Agreement on Pre-Investment Studies
	12.63	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprospetsgaz Re:
		Agreement on Research Work for
		Gazprom
	12.64	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprospetsgaz Re:
		Agreement on Pre-Investment Studies
	12.65	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprogaztsentr Re:
		Agreement on Pre-Investment Studies
	12.66	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprogaztsentr Re:
		Agreement on Research Work for
		OJSC Gazprom
	12.67	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprogaztsentr Re:
		Agreement on Research Work for
		OJSC Gazprom
Mgmt Rec - Company Management Recommended Vote								Page 289

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	12.68	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC VNIPIgazdobycha Re:
		Agreement on Pre-Investment Studies
	12.69	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC VNIPIgazdobycha Re:
		Agreement on Pre-Investment Studies
	12.70	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC VNIPIgazdobycha Re:
		Agreement on Research Work for
		OJSC Gazprom
	12.71	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazproektinzhiniring Re:
		Agreement on Pre-Investment Studies
	12.72	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazproektinzhiniring Re:
		Agreement on Research Work for
		OJSC Gazprom
	12.73	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazproektinzhiniring Re:
		Agreement on Research Work for
		OJSC Gazprom
	12.74	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazavtomatika Re:
		Agreement on Research Work for
		OJSC Gazprom
	12.75	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazavtomatika Re:
		Agreement on Research Work for
		OJSC Gazprom
	12.76	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazavtomatika Re:
		Agreement on Research Work for
		OJSC Gazprom
		Elect Nine Members of Audit
		Commission
	13.1	Elect Dmitry Arkhipov as Member of		For	For		Mgmt
		Audit Commission
	13.2	Elect Denis Askinadze as Member of		For	For		Mgmt
		Audit Commission
	13.3	Elect Vadim Bikulov as Member of		For	For		Mgmt
		Audit Commission
	13.4	Elect Rafael Ishutin as Member of		For	For		Mgmt
		Audit Commission
	13.5	Elect Andrey Kobzev as Member of		For	For		Mgmt
		Audit Commission
	13.6	Elect Nina Lobanova as Member of		For	For		Mgmt
		Audit Commission
	13.7	Elect Dmitry Logunov as Member of		For	Against		Mgmt
		Audit Commission
	13.8	Elect Svetlana Mikhailova as Member		For	Against		Mgmt
		of Audit Commission
Mgmt Rec - Company Management Recommended Vote								Page 290

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	13.9	Elect Yury Nosov as Member of Audit		For	Against		Mgmt
		Commission
	13.10	Elect Victoria Oseledko as Member of		For	For		Mgmt
		Audit Commission
	13.11	Elect Andrey Fomin as Member of		For	For		Mgmt
		Audit Commission
	13.12	Elect Yury Shubin as Member of Audit		For	Against		Mgmt
		Commission
06/27/08 - A	Gazprom OAO		368287207			05/08/08		40,500

Meeting for GDR Holders
Agenda - Part 1; Items 1 to 13.12

1	Approve Annual Report	For	For	Mgmt
2	Approve Financial Statements	For	For	Mgmt
3	Approve Allocation of Income	For	For	Mgmt
4	Approve Dividends of RUB 2.66 per	For	For	Mgmt
	Share
5	Ratify CJSC PricewaterhouseCoopers	For	For	Mgmt
	Audit as Auditor
6	Approve Remuneration of Directors	For	Against	Mgmt
	and Members of Audit Commission
7	Amend Charter	For	For	Mgmt
8	Amend Regulations on General	For	For	Mgmt
	Meetings
9	Amend Regulations on Board of	For	For	Mgmt
	Directors
10	Amend Regulations on Management	For	For	Mgmt
11	Determine Price for Services to Be	For	For	Mgmt
	Rendered to Company Pursuant to
	Agreement on Insuring Liability of
	Directors and Management
	Approve Related-Party Transactions
12.1	Approve Related-Party Transactions	For	For	Mgmt
	with OJSC Gazprombank Re:
	Agreement on Transfer of Credit Funds
12.2	Approve Related-Party Transactions	For	For	Mgmt
	with OJSC Sberbank of Russia Re:
	Agreement on Transfer of Credit Funds
12.3	Approve Related-Party Transactions	For	For	Mgmt
	with OJSC Gazprombank Re:
	Agreement on Using Electronic
	Pyaments System
12.4	Approve Related-Party Transactions	For	For	Mgmt
	with OJSC Sberbank Re: Agreement
	on Using Electronic Payments System
12.5	Approve Related-Party Transactions	For	For	Mgmt
	with OJSC Gazprombank Re:
	Agreement on Foreign Currency
	Purchase
Mgmt Rec - Company Management Recommended Vote					Page 291

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	12.6	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazprombank Re:
		Agreement on Guarantees to Tax
		Authorities
	12.7	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Sberbank Re: Agreement
		on Guarantees to Tax Authorities
	12.8	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazprombank Re:
		Agreement on Guarantees to Tax
		Authorities
	12.9	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Beltransgaz Re: Agreement
		on Temporary Possession and Use of
		Facilities of Yamal-Europe Trunk Gas
		Pipeline
	12.10	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazpromregiongaz Re:
		Agreement on Temporary Possession
		and Use of Property Complex of Gas
		Distribution System
	12.11	Approve Related-Party Transactions		For	For		Mgmt
		with Gazkomplektimpeks LLC Re:
		Agreement on Temporary Possession
		and Use of Facilities of Methanol
		Pipeline
	12.12	Approve Related-Party Transactions		For	For		Mgmt
		with CJSC Stimul Re: Agreement on
		Temporary Possession and Use of
		Wells and Downhole
	12.13	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazpromtrubinvest Re:
		Agreement on Temporary Possession
		and Use of Building and Equipment of
		Tubing and Casing Manufacturing
		Facility
	12.14	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Lazurnaya Re: Agreement
		on Temporary Possession and Use of
		Property
	12.15	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Tsentrenergaz Re:
		Agreement on Temporary Possession
		and Use of Building and Equipment
	12.16	Approve Related-Party Transactions		For	For		Mgmt
		with Gazpromtrans LLC Re:
		Agreement on Temporary Possession
		and Use of Inftrastructure of Railway
		Stations
	12.17	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Tsentrgaz Re: Agreement
Mgmt Rec - Company Management Recommended Vote								Page 292

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		on Temporary Possession and Use of
		Sports Complex
	12.18	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Temporary Possession and Use of
		Experimental Gas-Using Equipment
	12.19	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazprombank Re:
		Agreement on Temporary Possession
		and Use of Non-Residential Premises
	12.20	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Salavatnefteorgsintez Re:
		Agreement on Temporary Possession
		and Use of Gas Condensate Pipeline
	12.21	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Vostokgazprom Re:
		Agreement on Temporary Possession
		and Use of Special-Purpose
		Communications Installation
	12.22	Approve Related-Party Transactions		For	For		Mgmt
		with Gazprom Export LLC Re:
		Agreement on Temporary Possession
		and Use of Special-Purpose
		Communications
	12.23	Approve Related-Party Transactions		For	For		Mgmt
		with CJSC Gaztelecom Re: Agreement
		on Temporary Possession and Use of
		Communications Facilities
	12.24	Approve Related-Party Transactions		For	For		Mgmt
		with CJSC Gaztelecom Re: Agreement
		on Temporary Possession and Use of
		Communications Facilities
	12.25	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazprombank Re:
		Agreement on Obligations to Pay
		Customs Payments
	12.26	Approve Related-Party Transactions		For	For		Mgmt
		with Mezhregiongaz LLC Re:
		Agreement on Delivery of Gas
	12.27	Approve Related-Party Transactions		For	For		Mgmt
		with Mezhregiongaz LLC Re:
		Agreement on Accepting Purchase of
		Gas from Independent Entities
	12.28	Approve Related-Party Transactions		For	For		Mgmt
		with Mezhregiongaz LLC Re:
		Agreement on Gas Sale to Gazprom
	12.29	Approve Related-Party Transactions		For	For		Mgmt
		with Mezhregiongaz LLC Re:
		Agreement on Accepting Gas
		Purchased from Independent Entities
	12.30	Approve Related-Party Transactions		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 293

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		with CJSC Northgas Re: Agreement on
		Accepting Gas Deliveries
	12.31	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Novatek Re: Agreement on
		Delivery of Gas
	12.32	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Severneftegazprom Re:
		Agreement on Accepting Gas
		Deliveries
	12.33	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Tomskgazprom Re:
		Agreement on Arranging
		Transportation of Gas
	12.34	Approve Related-Party Transactions		For	For		Mgmt
		with Mezhregiongaz LLC Re:
		Agreement on Arranging
		Transportation of Gas
	12.35	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC GazpromNeft Re:
		Agreement on Arranging
		Transportation of Gas
	12.36	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Novatek Re: Agreement on
		Arranging Transportation of Gas
	12.37	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Sibur Re: Agreement on
		Arranging Transportation of Gas
	12.38	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Novatek Re: Agreement on
		Arranging Injection and Storage in
		Underground Gas Storage Facilities
	12.39	Approve Related-Party Transactions		For	For		Mgmt
		with Latvijas Gaze AS Re: Agreement
		on Sale of Gas
	12.40	Approve Related-Party Transactions		For	For		Mgmt
		with AB Lietuvos Dujos Re: Agreement
		on Sale of Gas
	12.41	Approve Related-Party Transactions		For	For		Mgmt
		with UAB Kauno Termofikacijos
		Elektrine Re: Agreement on Sale of
		Gas
	12.42	Approve Related-Party Transactions		For	For		Mgmt
		with MoldovaGaz SA Re: Agreement
		on Transportation of Gas in Transit
		Mode
	12.43	Approve Related-Party Transactions		For	For		Mgmt
		with MoldovaGaz SA Re: Agreement
		on Transportation of Gas in Transit
		Mode
	12.44	Approve Related-Party Transactions		For	For		Mgmt
		with KazRosGaz LLP Re: Agreement
Mgmt Rec - Company Management Recommended Vote								Page 294

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		on Purchase of Gas
	12.45	Approve Related-Party Transactions		For	For		Mgmt
		with KazRosGaz LLP Re: Agreement
		on Transportation Across Russia
	12.46	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Beltransgaz Re: Agreement
		on Sale of Gas
	12.47	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazpromtrubinvest Re:
		Agreement on Start-Up and
		Commissioning Work
	12.48	Approve Related-Party Transactions		For	For		Mgmt
		with CJSC Gazpromstroyinzhiniring
		Re: Agreement on Start-Up and
		Commissioning Work
	12.49	Approve Related-Party Transactions		For	For		Mgmt
		with CJSC Yamalgazinvest Re:
		Agreement on Start-Up and
		Commissioning Work
	12.50	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Sogaz Re: Agreement on
		Payment of Insurance Compensation
	12.51	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Sogaz Re: Agreement on
		Payment of Insurance
	12.52	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Vostokgazprom Re:
		Agreeement on Arranging Stocktaking
		of Property
	12.53	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for OJSC Gazprom
	12.54	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for OJSC Gazprom
	12.55	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for OJSC Gazprom
	12.56	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprospetsgaz Re:
		Agreement on Pre-Investment Studies
		for OJSC Gazprom
	12.57	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for OJSC Gazprom
	12.58	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for OJSC Gazprom
	12.59	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for OJSC Gazprom
Mgmt Rec - Company Management Recommended Vote								Page 295

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	12.60	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Promgaz Re: Agreement on
		Research Work for Gazprom
	12.61	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprospetsgaz Re:
		Agreement on Pre-Investment Studies
	12.62	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprospetsgaz Re:
		Agreement on Pre-Investment Studies
	12.63	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprospetsgaz Re:
		Agreement on Research Work for
		Gazprom
	12.64	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprospetsgaz Re:
		Agreement on Pre-Investment Studies
	12.65	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprogaztsentr Re:
		Agreement on Pre-Investment Studies
	12.66	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprogaztsentr Re:
		Agreement on Research Work for
		OJSC Gazprom
	12.67	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Giprogaztsentr Re:
		Agreement on Research Work for
		OJSC Gazprom
	12.68	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC VNIPIgazdobycha Re:
		Agreement on Pre-Investment Studies
	12.69	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC VNIPIgazdobycha Re:
		Agreement on Pre-Investment Studies
	12.70	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC VNIPIgazdobycha Re:
		Agreement on Research Work for
		OJSC Gazprom
	12.71	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazproektinzhiniring Re:
		Agreement on Pre-Investment Studies
	12.72	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazproektinzhiniring Re:
		Agreement on Research Work for
		OJSC Gazprom
	12.73	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazproektinzhiniring Re:
		Agreement on Research Work for
		OJSC Gazprom
	12.74	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazavtomatika Re:
		Agreement on Research Work for
Mgmt Rec - Company Management Recommended Vote								Page 296

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		OJSC Gazprom
	12.75	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazavtomatika Re:
		Agreement on Research Work for
		OJSC Gazprom
	12.76	Approve Related-Party Transactions		For	For		Mgmt
		with OJSC Gazavtomatika Re:
		Agreement on Research Work for
		OJSC Gazprom
		Elect Nine Members of Audit
		Commission
	13.1	Elect Dmitry Arkhipov as Member of		For	For		Mgmt
		Audit Commission
	13.2	Elect Denis Askinadze as Member of		For	For		Mgmt
		Audit Commission
	13.3	Elect Vadim Bikulov as Member of		For	For		Mgmt
		Audit Commission
	13.4	Elect Rafael Ishutin as Member of		For	For		Mgmt
		Audit Commission
	13.5	Elect Andrey Kobzev as Member of		For	For		Mgmt
		Audit Commission
	13.6	Elect Nina Lobanova as Member of		For	For		Mgmt
		Audit Commission
	13.7	Elect Dmitry Logunov as Member of		For	DoNotVote		Mgmt
		Audit Commission
	13.8	Elect Svetlana Mikhailova as Member		For	DoNotVote		Mgmt
		of Audit Commission
	13.9	Elect Yury Nosov as Member of Audit		For	DoNotVote		Mgmt
		Commission
	13.10	Elect Victoria Oseledko as Member of		For	For		Mgmt
		Audit Commission
	13.11	Elect Andrey Fomin as Member of		For	For		Mgmt
		Audit Commission
	13.12	Elect Yury Shubin as Member of Audit		For	DoNotVote		Mgmt
		Commission
06/27/08 - A	Gazprom OAO		368287108			05/08/08		6,868
		Meeting for GDR Holders
		Agenda - Part 2; Items 13.1 to 13.19
		Elect 11 Directors by Cumulative
		Voting
	13	Elect Directors		Split	Split		Mgmt
	13.1	Elect Andrey Akimov as Director ---
		Against
	13.2	Elect Alexander Ananenkov as Director
		--- Against
	13.3	Elect Burkhard Bergmann as Director -
		-- Against
	13.4	Elect Farit Gazizullin as Director ---
Mgmt Rec - Company Management Recommended Vote								Page 297

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

	Against
13.5	Elect Andrey Dementyev as Director --- Against
13.6	Elect Victor Zubkov as Director --- Against
13.7	Elect Elena Karpel as Director --- Against
13.8	Elect Yury Medvedev as Director --- Against
13.9	Elect Alexey Miller as Director --- Against
13.10	Elect Elvira Nabiullina as Director --- Against
13.11	Elect Victor Nikolaev as Director --- For
13.12	Elect Alexander Potyomkin as Director --- For
13.13	Elect Mikhail Sereda as Director --- Against
13.14	Elect Boris Fedorov as Director --- Against
13.15	Elect Robert Foresman as Director --- Against
13.16	Elect Victor Khristenko as Director --- Against
13.17	Elect Alexander Shokhin as Director --- For
13.18	Elect Igor Yusufov as Director --- Against
13.19	Elect Evgeny Yasin as Director --- For

06/27/08 - A	Gazprom OAO		368287207			05/08/08		197,901
		Meeting for GDR Holders
		Agenda - Part 2; Items 13.1 to 13.19
		Elect 11 Directors by Cumulative
		Voting
	13	Elect Directors		Split	Split		Mgmt
	13.1	Elect Andrey Akimov as Director ---
		Against
	13.2	Elect Alexander Ananenkov as Director
		--- Against
	13.3	Elect Burkhard Bergmann as Director -
		-- Against
	13.4	Elect Farit Gazizullin as Director ---
		Against
	13.5	Elect Andrey Dementyev as Director ---
		Against
	13.6	Elect Victor Zubkov as Director ---
		Against
	13.7	Elect Elena Karpel as Director ---
Mgmt Rec - Company Management Recommended Vote								Page 298

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

	Against
13.8	Elect Yury Medvedev as Director --- Against
13.9	Elect Alexey Miller as Director --- Against
13.10	Elect Elvira Nabiullina as Director --- Against
13.11	Elect Victor Nikolaev as Director --- For
13.12	Elect Alexander Potyomkin as Director --- For
13.13	Elect Mikhail Sereda as Director --- Against
13.14	Elect Boris Fedorov as Director --- Against
13.15	Elect Robert Foresman as Director --- Against
13.16	Elect Victor Khristenko as Director --- Against
13.17	Elect Alexander Shokhin as Director --- For
13.18	Elect Igor Yusufov as Director --- Against
13.19	Elect Evgeny Yasin as Director --- For

06/27/08 - A	Gazprom OAO		368287207			05/08/08		20,250
		Meeting for GDR Holders
		Agenda - Part 2; Items 13.1 to 13.19
		Elect 11 Directors by Cumulative
		Voting
	13	Elect Directors		Split	Split		Mgmt
	13.1	Elect Andrey Akimov as Director ---
		Against
	13.2	Elect Alexander Ananenkov as Director
		--- Against
	13.3	Elect Burkhard Bergmann as Director -
		-- Against
	13.4	Elect Farit Gazizullin as Director ---
		Against
	13.5	Elect Andrey Dementyev as Director ---
		Against
	13.6	Elect Victor Zubkov as Director ---
		Against
	13.7	Elect Elena Karpel as Director ---
		Against
	13.8	Elect Yury Medvedev as Director ---
		Against
	13.9	Elect Alexey Miller as Director ---
		Against
	13.10	Elect Elvira Nabiullina as Director ---
Mgmt Rec - Company Management Recommended Vote								Page 299

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

	Against
13.11	Elect Victor Nikolaev as Director --- For
13.12	Elect Alexander Potyomkin as Director --- For
13.13	Elect Mikhail Sereda as Director --- Against
13.14	Elect Boris Fedorov as Director --- Against
13.15	Elect Robert Foresman as Director --- Against
13.16	Elect Victor Khristenko as Director --- Against
13.17	Elect Alexander Shokhin as Director --- For
13.18	Elect Igor Yusufov as Director --- Against
13.19	Elect Evgeny Yasin as Director --- For

06/27/08 - A	Inui Steamship Co. Ltd.		J24220105			03/31/08		7,100
	*9113*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 40
	2	Amend Articles to: Add Provisions on		For	Against		Mgmt
		Takeover Defense
	3	Elect Directors		For	For		Mgmt
	4	Appoint Internal Statutory Auditor		For	For		Mgmt
	5	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
	6	Approve Takeover Defense Plan		For	Against		Mgmt
		(Poison Pill)
06/27/08 - A	Keiyo Bank Ltd. *8544*		J05754106			03/31/08		116,000
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 4
	2	Elect Directors		For	For		Mgmt
	3.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.2	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.3	Appoint Internal Statutory Auditor		For	Against		Mgmt
	4	Approve Retirement Bonuses for		For	For		Mgmt
		Directors and Statutory Auditors
	5	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
06/27/08 - A	Matsuda Sangyo Co., Ltd.		J4083J100			03/31/08		21,600
	*7456*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 12
Mgmt Rec - Company Management Recommended Vote								Page 300

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Elect Directors		For	For		Mgmt
	3	Appoint Internal Statutory Auditor		For	For		Mgmt
	4	Appoint Alternate Internal Statutory		For	For		Mgmt
		Auditor
	5	Approve Retirement Bonuses for		For	Against		Mgmt
		Directors and Statutory Auditor
06/27/08 - A	Mitsui Fudosan Co. Ltd.		J4509L101			03/31/08		462,000
	*8801*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 11
	2.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	2.2	Appoint Internal Statutory Auditor		For	For		Mgmt
	3	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors
06/27/08 - A	Mitsumi Electric Co. Ltd.		J45464120			03/31/08		225,466
	*6767*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 50
	2	Elect Directors		For	For		Mgmt
	3.1	Appoint Internal Statutory Auditor		For	Against		Mgmt
	3.2	Appoint Internal Statutory Auditor		For	For		Mgmt
	4	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors
06/27/08 - A	Nintendo Co. Ltd. *7974*		J51699106			03/31/08		44,100
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 1120
	2	Elect Directors		For	For		Mgmt
	3.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.2	Appoint Internal Statutory Auditor		For	Against		Mgmt
06/27/08 - A	Nippon Electric Glass Co.		J53247110			03/31/08		515,000
	Ltd. *5214*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 5
	2	Elect Directors		For	For		Mgmt
	3.1	Appoint Alternate Internal Statutory		For	Against		Mgmt
		Auditor
	3.2	Appoint Alternate Internal Statutory		For	For		Mgmt
		Auditor
	4	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors

Mgmt Rec - Company Management Recommended Vote

Page 301

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/27/08 - A	Olympus Corp. (formerly		J61240107			03/31/08		161,000
	Olympus Optical) *7733*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 20
	2	Amend Articles to: Amend Business		For	For		Mgmt
		Lines
	3	Elect Directors		For	Split		Mgmt
	3.1	Elect Director --- For
	3.2	Elect Director --- For
	3.3	Elect Director --- For
	3.4	Elect Director --- For
	3.5	Elect Director --- For
	3.6	Elect Director --- For
	3.7	Elect Director --- For
	3.8	Elect Director --- For
	3.9	Elect Director --- For
	3.10	Elect Director --- For
	3.11	Elect Director --- For
	3.12	Elect Director --- For
	3.13	Elect Director --- Against
	3.14	Elect Director --- For
	3.15	Elect Director --- For
	4.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	4.2	Appoint Internal Statutory Auditor		For	For		Mgmt
	4.3	Appoint Internal Statutory Auditor		For	For		Mgmt
	5	Appoint Alternate Internal Statutory		For	For		Mgmt
		Auditor

06/27/08 -	Orpea		F69036105	06/24/08	12,628
A/S
		Ordinary Business

1	Approve Financial Statements and	For	For	Mgmt
	Statutory Reports
2	Accept Consolidated Financial	For	For	Mgmt
	Statements and Statutory Reports
3	Approve Allocation of Income and	For	For	Mgmt
	Omission of Dividends
4	Approve Discharge of Directors	For	For	Mgmt
5	Approve Special Auditors' Report	For	Against	Mgmt
	Regarding Related-Party Transactions
6	Approve Remuneration of Directors in	For	For	Mgmt
	the Aggregate Amount of EUR 75,000
7	Authorize Repurchase of Up to Ten	For	For	Mgmt
	Percent of Issued Share Capital
8	Appoint Burband Klinger & Associes as	For	For	Mgmt
	Auditor and Marc Tenaillon as Deputy
Mgmt Rec - Company Management Recommended Vote					Page 302

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Auditor
		Special Business
	9	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	10	Authorize Board to Issue Free		For	Against		Mgmt
		Warrants During a Public Tender Offer
		or Share Exchange
	11	Allow Board to Use Authorizations and		For	Against		Mgmt
		Delegations Granted During the June
		28, 2007 General Meeting Under Items
		8 to 13 in the Event of a Public Tender
		Offer or Share Exchange
	12	Approve Stock Option Plans Grants		For	Against		Mgmt
	13	Approve Employee Stock Purchase		For	Against		Mgmt
		Plan
	14	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
06/27/08 - A	Sankyo Co. Ltd. (OTC) *6417* J67844100					03/31/08		56,712
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 100
	2	Amend Articles to: Change Location of		For	For		Mgmt
		Head Office
	3	Elect Directors		For	For		Mgmt
	4	Approve Retirement Bonuses for		For	For		Mgmt
		Directors
06/27/08 - A	Sberbank of Russia		80529Q205			05/08/08		1,313
		Meeting for GDR Holders
	1	Approve Annual Report		For	For		Mgmt
	2	Approve Financial Statements		For	For		Mgmt
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of RUB 0.51 per Ordinary
		Share and RUB 0.65 per Preferred
		Share
	4	Ratify CJSC PricewaterhouseCoopers		For	For		Mgmt
		Audit as Auditor
		Elect 17 Directors by Cumulative
		Voting
	5	Elect Directors		None	Split		Mgmt
	5.1	Elect Sergey Ignatev as Director ---
		Against
	5.2	Elect Alexey Ulukaev as Director ---
		Against
	5.3	Elect Georgy Luntovsky as Director ---
		Against
	5.4	Elect Valery Tkachenko as Director ---
		Against
Mgmt Rec - Company Management Recommended Vote								Page 303

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5.5	Elect Nadezhda Ivanova as Director ---
		Against
	5.6	Elect Sergey Shevtov as Director ---
		Against
	5.7	Elect Konstantin Shor as Director ---
		Against
	5.8	Elect Arkady Dvorkovich as Director ---
		Against
	5.9	Elect Alexey Kudrin as Director ---
		Against
	5.10	Elect Elvira Nabiullina as Director ---
		Against
	5.11	Elect Anton Drozdov as Director ---
		Against
	5.12	Elect Alexey Savatugin as Director ---
		Against
	5.13	Elect German Gref as Director ---
		Against
	5.14	Elect Bella Zlatkis as Director ---
		Against
	5.15	Elect Sergey Guriev as Director ---
		Against
	5.16	Elect Anton Danilov-Danilian as
		Director --- For
	5.17	Elect Mikhail Dmitriev as Director ---
		Against
	5.18	Elect Vladimir Mau as Director ---
		Against
	5.19	Elect Boris Fedorov as Director ---
		Against
	5.20	Elect Rajat Kumar Gupta as Director ---
		Against
		Elect Seven Members of Audit
		Commission
	6.1	Elect Vladimir Volkov as Member of		For	For		Mgmt
		Audit Commission
	6.2	Elect Valentina Khrapunkova as		For	For		Mgmt
		Member of Audit Commission
	6.3	Elect Ludmilla Zinina as Member of		For	For		Mgmt
		Audit Commission
	6.4	Elect Irina Mayorova as Member of		For	For		Mgmt
		Audit Commission
	6.5	Elect Valentina Tkachenko as Member		For	For		Mgmt
		of Audit Commission
	6.6	Elect Natalia Polonskaya as Member of		For	For		Mgmt
		Audit Commission
	6.7	Elect Maxim Dolzhnikov as Member of		For	For		Mgmt
		Audit Commission
	7	Amend Charter		For	Against		Mgmt
	8	Approve Remuneration of Directors		For	For		Mgmt
		and Members of Audit Commission
Mgmt Rec - Company Management Recommended Vote								Page 304

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
06/27/08 - A	Shima Seiki Mfg. Ltd. *6222*	J72273105			03/31/08		1,400

	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 30
	2	Amend Articles to: Amend Business		For	Against		Mgmt
		Lines - Limit Liability of Statutory
		Auditors - Allow Company to Make
		Rules Governing Exercise of
		Shareholders' Rights
	3	Elect Directors		For	For		Mgmt
06/27/08 - A	Shinko Plantech Co. Ltd		J73456105			03/31/08		33,100
	*6379*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 25
	2	Elect Directors		For	For		Mgmt
	3	Appoint Internal Statutory Auditor		For	For		Mgmt
	4	Approve Retirement Bonuses for		For	For		Mgmt
		Directors
06/27/08 - A	Shinwa Kaiun Kaisha Ltd.		J74100108			03/31/08		135,512
	*9110*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 9
	2	Elect Directors		For	For		Mgmt
	3.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.2	Appoint Internal Statutory Auditor		For	Against		Mgmt
06/27/08 - A	SUMITOMO MITSUI		J7771X109			03/31/08		1,663
	FINANCIAL GROUP INC.
	*8316*
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JY 7000
	2	Amend Articles To: Limit Rights of		For	For		Mgmt
		Odd-lot Holders - Increase Authorized
		Capital in Connection with Stock Split
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	4.2	Appoint Internal Statutory Auditor		For	Against		Mgmt
	5	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
	6	Approve Adjustment to Aggregate		For	For		Mgmt
		Compensation Ceilings for Directors
		and Statutory Auditors
	7	Approve Retirement Bonuses for		For	For		Mgmt
		Directors and Statutory Auditor
Mgmt Rec - Company Management Recommended Vote								Page 305

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
06/27/08 - A	Wimm-Bill-Dann Foods OJSC	97263M109			05/13/08		17,520

	Meeting for ADR Holders
1	Approve Annual Report	For	For	Mgmt
2	Approve Financial Statements	For	For	Mgmt
3	Approve Allocation of Income and	For	For	Mgmt
	Dividends
4	Ratify Auditor	For	For	Mgmt
	Elect Directors by Cumulative
	Voting
5	Elect Directors	None	Split	Mgmt
5.1	Elect Guy de Selliers as Director --- For
5.2	Elect Mikhail Dubinin as Director ---
	Against
5.3	Elect Igor Kostikov as Director ---
	Against
5.4	Elect Michael O'Neill as Director ---
	Against
5.5	Elect Alexander Orlov as Director ---
	Against
5.6	Elect Sergey Plastinin as Director ---
	Against
5.7	Elect Gavril Yushaev as Director ---
	Against
5.8	Elect David Yakobashvili as Director ---
	Against
5.9	Elect Evgeny Yasin as Director ---
	Against
5.10	Elect Marcus Rhodes as Director ---
	Against
5.11	Elect Jacques Vincent as Director ---
	Against
6	Approve Remuneration of Directors	For	For	Mgmt
	Elect Members of Audit Commission
7.1	Elect Irina Ieshkina as Member of Audit	For	For	Mgmt
	Commission
7.2	Elect Lesya Gavrilenko as Member of	For	For	Mgmt
	Audit Commission
7.3	Elect Victoria Dzhemelinskaya as	For	For	Mgmt
	Member of Audit Commission
7.4	Elect Alexander Davidiuk as Member	For	For	Mgmt
	of Audit Commission
7.5	Elect Tatiana Nazarova as Member of	For	For	Mgmt
	Audit Commission
7.6	Elect Elena Kozlova as Member of	For	For	Mgmt
	Audit Commission
7.7	Elect Alexander Popov as Member of	For	For	Mgmt
	Audit Commission
8	Approve New Edition of Charter	For	Against	Mgmt
Mgmt Rec - Company Management Recommended Vote					Page 306

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - Diversified International Fund – 4065
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/27/08 - S	Woori Finance Holdings Co.		Y9695X119			05/30/08		114,860
	1	Elect Lee Pal-Seong as Inside Director		For	For		Mgmt
06/29/08 - A	Teva Pharmaceutical		881624209			05/22/08		102,304
	Industries Ltd.
		Meeting for ADR Holders
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of NIS 1.60 Per		For	For		Mgmt
		Share
	3	Elect Eli Hurvitz as Director		For	For		Mgmt
	4	Elect Ruth Cheshin as Director		For	For		Mgmt
	5	Elect Harold Snyder as Director		For	For		Mgmt
	6	Elect Joseph (Yosi) Nitzani as Director		For	For		Mgmt
	7	Elect Ory Slonim as Director		For	For		Mgmt
	8	Appoint Leora (Rubin) Meridor as		For	For		Mgmt
		External Director
	9	Approve Director/Officer Liability and		For	For		Mgmt
		Indemnification Insurance
	10	Approve Remuneration of Directors		For	For		Mgmt
	11	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	12	Approve Kesselman & Kesselman as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
06/30/08 - S	VT Group plc		G9401M100			None		76,007
	1	Approve the Transactions (The VT		For	For		Mgmt
		Contribution, The JV Acquisition and
		The Flagship Acquisition)

Mgmt Rec - Company Management Recommended Vote

Page 307

******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-00123

Reporting Period: 07/01/2007 - 06/30/2008 Principal Funds, Inc.

Sub-Advisor: Edge Asset Management

============================= EQUITY INCOME FUND				=============================
3M CO
Ticker:		MMM	Security ID: 88579Y101
Meeting Date: MAY 13, 2008			Meeting Type: Annual
Record Date: MAR 14, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Linda G. Alvarado			For	For	Management
1.2	Elect Director George W. Buckley			For	For	Management
1.3	Elect Director Vance D. Coffman			For	For	Management
1.4	Elect Director Michael L. Eskew			For	For	Management
1.5	Elect Director W. James Farrell			For	For	Management
1.6	Elect Director Herbert L. Henkel			For	For	Management
1.7	Elect Director Edward M. Liddy			For	For	Management
1.8	Elect Director Robert S. Morrison			For	For	Management
1.9	Elect Director Aulana L. Peters			For	For	Management
1.10	Elect Director Robert J. Ulrich			For	For	Management
2	Ratify Auditors			For	For	Management
3	Approve Omnibus Stock Plan			For	For	Management

--------------------------------------------------------------------------------

AETNA INC.
Ticker:		AET	Security ID: 00817Y108
Meeting Date: MAY 30, 2008			Meeting Type: Annual
Record Date: MAR 28, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Frank M. Clark			For	For	Management
1.2	Elect Director Betsy Z. Cohen			For	For	Management
1.3	Elect Director Molly J. Coye			For	For	Management
1.4	Elect Director Roger N. Farah			For	For	Management
1.5	Elect Director Barbara Hackman Franklin			For	For	Management
1.6	Elect Director Jeffrey E. Garten			For	For	Management
1.7	Elect Director Earl G. Graves			For	For	Management
1.8	Elect Director Gerald Greenwald			For	For	Management
1.9	Elect Director Ellen M. Hancock			For	For	Management
1.10	Elect Director Edward J. Ludwig			For	For	Management

1.11	Elect Director Joseph P. Newhouse	For	For	Management
1.12	Elect Director Ronald A. Williams	For	For	Management
2	Ratify Auditors	For	For	Management
3	Provide for Cumulative Voting	Against	For	Shareholder
4	Require Director Nominee Qualifications	Against	Against	Shareholder

--------------------------------------------------------------------------------

ALCOA INC.
Ticker:		AA	Security ID:	013817101
Meeting Date: MAY 8, 2008			Meeting Type: Annual
Record Date: FEB 11, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Joseph T. Gorman			For	For	Management
1.2	Elect Director Klaus Kleinfeld			For	For	Management
1.3	Elect Director James W. Owens			For	For	Management
1.4	Elect Director Ratan N. Tata			For	For	Management
2	Ratify Auditor			For	For	Management
3	Report on Global Warming			Against	Against	Shareholder

--------------------------------------------------------------------------------

AMB PROPERTY CORP.
Ticker:		AMB	Security ID: 00163T109
Meeting Date: MAY 8, 2008			Meeting Type: Annual
Record Date: MAR 6, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director T. Robert Burke			For	For	Management
2	Elect Director David A. Cole			For	For	Management
3	Elect Director Lydia H. Kennard			For	For	Management
4	Elect Director J. Michael Losh			For	For	Management
5	Elect Director Hamid R. Moghadam			For	For	Management
6	Elect Director Frederick W. Reid			For	For	Management
7	Elect Director Jeffrey L. Skelton			For	For	Management
8	Elect Director Thomas W. Tusher			For	For	Management
9	Elect Director Carl B. Webb			For	For	Management
10	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

AMERIPRISE FINANCIAL, INC.
Ticker:		AMP	Security ID:	03076C106
Meeting Date: APR 23, 2008			Meeting Type: Annual
Record Date:		FEB 25, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director W. Walker Lewis			For	For	Management
2	Elect Director Siri S. Marshall			For	For	Management
3	Elect Director William H. Turner			For	For	Management

4 Ratify Auditors

For

For

Management

--------------------------------------------------------------------------------

APPLIED MATERIALS, INC.
Ticker:		AMAT	Security ID:	038222105
Meeting Date: MAR 11, 2008			Meeting Type: Annual
Record Date: JAN 18, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Robert H. Brust			For	For	Management
1.2	Elect Director Deborah A. Coleman			For	For	Management
1.3	Elect Director Aart J. de Geus			For	For	Management
1.4	Elect Director Philip V. Gerdine			For	For	Management
1.5	Elect Director Thomas J. Iannotti			For	For	Management
1.6	Elect Director Charles Y.S. Liu			For	For	Management
1.7	Elect Director James C. Morgan			For	For	Management
1.8	Elect Director Gerhard H. Parker			For	For	Management
1.9	Elect Director Dennis D. Powell			For	For	Management
1.10	Elect Director Willem P. Roelandts			For	For	Management
1.11	Elect Director Michael R. Splinter			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

ASSURANT INC
Ticker:		AIZ	Security ID: 04621X108
Meeting Date: MAY 15, 2008			Meeting Type: Annual
Record Date: MAR 28, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director John Michael Palms			For	For	Management
1.2	Elect Director Robert J. Blendon			For	For	Management
1.3	Elect Director Beth L. Bronner			For	For	Management
1.4	Elect Director David B. Kelso			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Executive Incentive Bonus Plan			For	For	Management
4	Approve Omnibus Stock Plan			For	For	Management

--------------------------------------------------------------------------------

AT&T INC
Ticker:		T	Security ID: 00206R102
Meeting Date: APR 25, 2008			Meeting Type: Annual
Record Date:		FEB 27, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Randall L. Stephenson			For	For	Management
2	Elect Director William F. Aldinger III			For	For	Management
3	Elect Director Gilbert F. Amelio			For	For	Management
4	Elect Director Reuben V. Anderson			For	For	Management

5	Elect Director James H. Blanchard	For	For	Management
6	Elect Director August A. Busch III	For	For	Management
7	Elect Director James P. Kelly	For	For	Management
8	Elect Director Jon C. Madonna	For	For	Management
9	Elect Director Lynn M. Martin	For	For	Management
10	Elect Director John B. McCoy	For	For	Management
11	Elect Director Mary S. Metz	For	For	Management
12	Elect Director Joyce M. Roche	For	For	Management
13	Elect Director Laura D' Andrea Tyson	For	For	Management
14	Elect Director Patricia P. Upton	For	For	Management
15	Ratify Auditors	For	For	Management
16	Report on Political Contributions	Against	For	Shareholder
17	Exclude Pension Credits from Earnings	Against	For	Shareholder
	Performance Measure
18	Require Independent Lead Director	Against	For	Shareholder
19	Establish SERP Policy	Against	For	Shareholder
20	Advisory Vote to Ratify Named Executive	Against	For	Shareholder
	Officers' Compensation

--------------------------------------------------------------------------------

AUTOMATIC DATA PROCESSING, INC.
Ticker:		ADP	Security ID:	053015103
Meeting Date: NOV 13, 2007			Meeting Type: Annual
Record Date: SEP 14, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Gregory D. Brenneman			For	For	Management
1.2	Elect Director Leslie A. Brun			For	For	Management
1.3	Elect Director Gary C. Butler			For	For	Management
1.4	Elect Director Leon G. Cooperman			For	For	Management
1.5	Elect Director Eric C. Fast			For	For	Management
1.6	Elect Director R. Glenn Hubbard			For	For	Management
1.7	Elect Director John P. Jones			For	For	Management
1.8	Elect Director Frederic V. Malek			For	For	Management
1.9	Elect Director Gregory L. Summe			For	For	Management
1.10	Elect Director Henry Taub			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

BANK OF AMERICA CORP.
Ticker:		BAC	Security ID:	060505104
Meeting Date: APR 23, 2008			Meeting Type: Annual
Record Date: FEB 27, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director William Barnet, III			For	For	Management
2	Elect Director Frank P. Bramble, Sr.			For	For	Management
3	Elect Director John T. Collins			For	For	Management
4	Elect Director Gary L. Countryman			For	For	Management
5	Elect Director Tommy R. Franks			For	For	Management
6	Elect Director Charles K. Gifford			For	For	Management

7	Elect Director Kenneth D. Lewis	For	For	Management
8	Elect Director Monica C. Lozano	For	For	Management
9	Elect Director Walter E. Massey	For	For	Management
10	Elect Director Thomas J. May	For	For	Management
11	Elect Director Patricia E. Mitchell	For	For	Management
12	Elect Director Thomas M. Ryan	For	For	Management
13	Elect Director O. Temple Sloan, Jr.	For	For	Management
14	Elect Director Meredith R. Spangler	For	For	Management
15	Elect Director Robert L. Tillman	For	For	Management
16	Elect Director Jackie M. Ward	For	For	Management
17	Ratify Auditors	For	For	Management
18	Limit/Prohibit Executive Stock-Based	Against	Against	Shareholder
	Awards
19	Advisory Vote to Ratify Named Executive	Against	For	Shareholder
	Officers' Compensation
20	Limit Executive Compensation	Against	Against	Shareholder
21	Provide for Cumulative Voting	Against	For	Shareholder
22	Require Independent Board Chairman	Against	For	Shareholder
23	Amend Articles/Bylaws/Charter -- Call	Against	For	Shareholder
	Special Meetings
24	Report on the Equator Principles	Against	Against	Shareholder
25	Amend Bylaws to Establish a Board	Against	Against	Shareholder
	Committee on Human Rights

--------------------------------------------------------------------------------

BANK OF NEW YORK MELLON CORP., THE
Ticker:		BK	Security ID: 064058100
Meeting Date: APR 8, 2008			Meeting Type: Annual
Record Date: FEB 8, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Frank J. Biondi, Jr.			For	For	Management
1.2	Elect Director Ruth E. Bruch			For	For	Management
1.3	Elect Director Nicholas M. Donofrio			For	For	Management
1.4	Elect Director Steven G. Elliott			For	For	Management
1.5	Elect Director Gerald L. Hassell			For	For	Management
1.6	Elect Director Edmund F. Kelly			For	For	Management
1.7	Elect Director Robert P. Kelly			For	For	Management
1.8	Elect Director Richard J. Kogan			For	For	Management
1.9	Elect Director Michael J. Kowalski			For	For	Management
1.10	Elect Director John A. Luke, Jr.			For	For	Management
1.11	Elect Director Robert Mehrabian			For	For	Management
1.12	Elect Director Mark A. Nordenberg			For	For	Management
1.13	Elect Director Catherine A. Rein			For	For	Management
1.14	Elect Director Thomas A. Renyi			For	For	Management
1.15	Elect Director William C. Richardson			For	For	Management
1.16	Elect Director Samuel C. Scott III			For	For	Management
1.17	Elect Director John P. Surma			For	For	Management
1.18	Elect Director Wesley W. von Schack			For	For	Management
2	Approve Omnibus Stock Plan			For	For	Management
3	Approve Nonqualified Employee Stock			For	For	Management
	Purchase Plan
4	Approve Executive Incentive Bonus Plan			For	For	Management
5	Ratify Auditors			For	For	Management

6	Restore or Provide for Cumulative Voting	Against	For	Shareholder
7	Advisory Vote to Ratify Named Executive	Against	For	Shareholder
	Officers' Compensation

--------------------------------------------------------------------------------

BARCLAYS PLC
Ticker:		BCS	Security ID:	06738E204
Meeting Date: SEP 14, 2007			Meeting Type: Special
Record Date: AUG 6, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	TO APPROVE THE PROPOSED MERGER			For	For	Management
2	TO APPROVE THE CREATION OF PREFERENCE			For	For	Management
	SHARES
3	TO RENEW THE AUTHORITY GIVEN TO THE			For	For	Management
	DIRECTORS TO ALLOT SECURITIES
4	TO RENEW THE AUTHORITY GIVEN TO THE			For	For	Management
	DIRECTORS TO ALLOT EQUITY SECURITIES FOR
	CASH OTHER THAN ON A PRO-RATA BASIS TO
	SHAREHOLDERS AND TO SELL TREASURY SHARES
5	TO RENEW THE COMPANY S AUTHORITY TO			For	For	Management
	PURCHASE ITS OWN SHARES
6	TO CANCEL THE SHARE PREMIUM ACCOUNT			For	For	Management
7	TO APPROVE THE PASSING AND IMPLEMENTATION For				For	Management
	OF RESOLUTION 2 AT THE EXTRAORDINARY
	GENERAL MEETING RELATING TO THE
	PREFERENCE SHARES AND TO CONSENT TO ANY
	RESULTING CHANGE IN THE RIGHTS OF
	ORDINARY SHARES

--------------------------------------------------------------------------------

BAYER AG
Ticker:		BAYRY	Security ID: 072730302
Meeting Date: APR 25, 2008			Meeting Type: Annual
Record Date: MAR 12, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Receive Financial Statements and			For	For	Management
	Statutory Reports; Approve Allocation of
	Income and Dividends of EUR 1.35 per
	Share for Fiscal 2007
2	Approve Discharge of Management Board for For				For	Management
	Fiscal 2007
3	Approve Discharge of Supervisory Board			For	For	Management
	for Fiscal 2007
4	Authorize Share Repurchase Program and			For	For	Management
	Reissuance or Cancellation of Repurchased
	Shares
5	Approve Issuance of Warrants/Bonds with			For	For	Management
	Warrants Attached/Convertible Bonds with
	Partial Exclusion of Preemptive Rights up

	to Aggregate Nominal Amount of EUR 6
	Billion
6	Approve Creation of EUR 195.6 Million	For	For	Management
	Pool of Capital to Guarantee Conversion
	Rights
7	Approve Issuance of Warrants/Bonds with	For	For	Management
	Warrants Attached/Convertible Bonds with
	Partial Exclusion of Preemptive Rights up
	to Aggregate Nominal Amount of EUR 6
	Billion
8	Approve Creation of EUR 195.6 Million	For	For	Management
	Pool of Capital to Guarantee Conversion
	Rights
9	Approve Affiliation Agreements with	For	For	Management
	Subsidiaries Fuenfte Bayer VV GmbH,
	Sechste Bayer VV GmbH, and Erste Bayer VV
	Aktiengesellschaft
10	Ratify PricewaterhouseCoopers AG as	For	For	Management
	Auditors for Fiscal 2008

--------------------------------------------------------------------------------

BCE INC.
Ticker:		BCE		Security ID: 05534B760
Meeting Date: SEP			21, 2007	Meeting Type: Special
Record Date: AUG			10, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Approve Acquisition of all Shares by the For				For	Management
	Purchaser

--------------------------------------------------------------------------------

BRISTOL-MYERS SQUIBB CO.
Ticker:		BMY	Security ID:	110122108
Meeting Date: MAY 6, 2008			Meeting Type: Annual
Record Date: MAR 10, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Lewis B. Campbell			For	For	Management
2	Elect Director James M. Cornelius			For	For	Management
3	Elect Director Louis J. Freeh			For	For	Management
4	Elect Director Laurie H. Glimcher			For	For	Management
5	Elect Director Michael Grobstein			For	For	Management
6	Elect Director Leif Johansson			For	For	Management
7	Elect Director Alan J. Lacey			For	For	Management
8	Elect Director Vicki L. Sato			For	For	Management
9	Elect Director Togo D. West, Jr.			For	For	Management
10	Elect Director R. Sanders Williams			For	For	Management
11	Ratify Auditors			For	For	Management
12	Increase Disclosure of Executive			Against	Against	Shareholder
	Compensation

--------------------------------------------------------------------------------

CADBURY SCHWEPPES PLC
Ticker:	CSG		Security ID: 127209302
Meeting Date: APR		11, 2008	Meeting Type: Annual/Special
Record Date: MAR		20, 2008

# Proposal

1	TO CONSIDER, AND IF THOUGHT FIT, TO APPROVE (WITH OR WITHOUT MODIFICATION) THE SCHEME OF ARRANGEMENT REFERRED TO IN
	THE NOTICE OF COURT MEETING DATED 19 MARCH, 2008.
2	TO APPROVE THE SCHEME OF ARRANGEMENT (WITH OR WITHOUT MODIFICATION), THE
	AMENDMENTS TO THE ARTICLES OF ASSOCIATION AND OTHER RELATED MATTERS.
3	TO APPROVE, SUBJECT TO THE PASSING OF RESOLUTION 1, THE DEMERGER OF AMERICAS
	BEVERAGES, INCLUDING THE CADBURY PLC REDUCTION OF CAPITAL AND THE ENTRY INTO THE DEMERGER AGREEMENTS.
4	TO APPROVE THE PROPOSED CADBURY PLC REDUCTION OF CAPITAL (AS DEFINED IN THE
	CIRCULAR AND DESCRIBED IN PART II EXPLANATORY STATEMENT OF THE CIRCULAR).
5	TO APPROVE, SUBJECT TO THE PASSING OF RESOLUTIONS 1 AND 2, THE AMENDMENTS TO
	THE EXECUTIVE SHARE SCHEMES.
6	TO APPROVE, SUBJECT TO THE PASSING OF RESOLUTION 1, THE ESTABLISHMENT BY
	CADBURY PLC OF THE CADBURY PLC 2008 SHARE OPTION PLAN, THE CADBURY PLC 2008 LONG TERM INCENTIVE PLAN, THE CADBURY PLC 2008 BONUS SHARE RETENTION PLAN AND THE CADBURY PLC 2008 INTERN
7	TO APPROVE, SUBJECT TO THE PASSING OF RESOLUTION 1, THE ESTABLISHMENT BY
	CADBURY PLC OF THE CADBURY PLC 2008 SAVINGS RELATED SHARE OPTION SCHEME, THE CADBURY PLC 2008 IRISH SAVINGS RELATED SHARE OPTION SCHEME, THE CADBURY PLC 2008 IRISH AVC SAVINGS
8	TO APPROVE, SUBJECT TO THE PASSING OF RESOLUTION 1, THE ESTABLISHMENT BY
	CADBURY PLC OF ADDITIONAL SHARE SCHEMES TO THOSE MENTIONED IN RESOLUTIONS 4 AND 6 FOR THE BENEFIT OF OVERSEAS EMPLOYEES OF CADBURY PLC AND ITS SUBSIDIARIES.
9	TO APPROVE, SUBJECT TO THE PASSING OF RESOLUTION 1 AND 5, THE INCREASE IN THE
	MAXIMUM VALUE OF AN ANNUAL AWARD UNDER THE CADBURY PLC 2008 LONG TERM INCENTIVE

PLAN TO 300% OF BASIC PAY.

10 TO RECEIVE THE 2007 FINANCIAL STATEMENTS

Mgt Rec	Vote Cast	Sponsor
For	For	Management

For	For	Management
For	For	Management

For	For	Management
For	For	Management
For	For	Management

For

For

Management

For

For

Management

For

For

Management

For

For

Management

	AND THE 2007 ANNUAL REPORT AND ACCOUNTS.
11	TO DECLARE THE FINAL DIVIDEND.	For	For	Management
12	TO APPROVE THE DIRECTOR'S REMUNERATION	For	For	Management
	REPORT.
13	TO RE-APPOINT WOLFGANG BERNDT AS A	For	For	Management
	DIRECTOR.
14	TO RE-APPOINT LORD PATTEN AS A DIRECTOR.	For	For	Management
15	TO RE-APPOINT BOB STACK AS A DIRECTOR.	For	For	Management
16	TO RE-APPOINT GUY ELLIOTT AS A DIRECTOR.	For	For	Management
17	TO RE-APPOINT ELLEN MARRAM AS A DIRECTOR. For		For	Management
18	Ratify Auditors	For	For	Management
19	TO AUTHORISE THE DIRECTORS TO SET THE	For	For	Management
	AUDITORS FEES.
20	TO AUTHORISE THE DIRECTORS TO ALLOT	For	For	Management
	FURTHER SHARES.
21	TO DISAPPLY PRE-EMPTION RIGHTS.	For	For	Management
22	TO AUTHORISE THE COMPANY TO BUY BACK	For	For	Management
	SHARES.

--------------------------------------------------------------------------------

CARDINAL HEALTH, INC.
Ticker:		CAH	Security ID: 14149Y108
Meeting Date: NOV 7, 2007			Meeting Type: Annual
Record Date: SEP 10, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Colleen F. Arnold			For	For	Management
1.2	Elect Director R. Kerry Clark			For	For	Management
1.3	Elect Director George H. Conrades			For	For	Management
1.4	Elect Director Calvin Darden			For	Withhold	Management
1.5	Elect Director John F. Finn			For	For	Management
1.6	Elect Director Philip L. Francis			For	For	Management
1.7	Elect Director Gregory B. Kenny			For	For	Management
1.8	Elect Director Richard C. Notebaert			For	Withhold	Management
1.9	Elect Director David W. Raisbeck			For	For	Management
1.10	Elect Director Robert D. Walter			For	For	Management
2	Ratify Auditors			For	For	Management
3	Reduce Supermajority Vote Requirement			For	For	Management
4	Approve Non-Employee Director Omnibus			For	For	Management
	Stock Plan
5	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation
6	Performance-Based Equity Awards			Against	For	Shareholder

--------------------------------------------------------------------------------

CHEVRON CORPORATION
Ticker:		CVX		Security ID: 166764100
Meeting Date: MAY			28, 2008	Meeting Type: Annual
Record Date: MAR			31, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor

1	Elect Director S. H. Armacost	For	For	Management
2	Elect Director L. F. Deily	For	For	Management
3	Elect Director R. E. Denham	For	For	Management
4	Elect Director R. J. Eaton	For	For	Management
5	Elect Director S. Ginn	For	For	Management
6	Elect Director F. G. Jenifer	For	For	Management
7	Elect Director J. L. Jones	For	For	Management
8	Elect Director S. Nunn	For	For	Management
9	Elect Director D. J. O?Reilly	For	For	Management
10	Elect Director D. B. Rice	For	For	Management
11	Elect Director P. J. Robertson	For	For	Management
12	Elect Director K. W. Sharer	For	For	Management
13	Elect Director C. R. Shoemate	For	For	Management
14	Elect Director R. D. Sugar	For	For	Management
15	Elect Director C. Ware	For	For	Management
16	Ratify Auditors	For	For	Management
17	Increase Authorized Common Stock	For	For	Management
18	Require Independent Board Chairman	Against	Against	Shareholder
19	Adopt Human Rights Policy	Against	For	Shareholder
20	Report on Environmental Impact of Oil	Against	For	Shareholder
	Sands Operations in Canada
21	Adopt Quantitative GHG Goals for Products Against		Against	Shareholder
	and Operations

22	Adopt Guidelines for Country Selection Against Against Shareholder
23	Report on Market Specific Environmental Against Against Shareholder Laws

--------------------------------------------------------------------------------

COMCAST CORP.
Ticker:		CMCSA	Security ID: 20030N101
Meeting Date: MAY 14, 2008			Meeting Type: Annual
Record Date: MAR 6, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director S. Decker Anstrom			For	For	Management
1.2	Elect Director Kenneth J. Bacon			For	For	Management
1.3	Elect Director Sheldon M. Bonovitz			For	For	Management
1.4	Elect Director Edward D. Breen			For	For	Management
1.5	Elect Director Julian A. Brodsky			For	For	Management
1.6	Elect Director Joseph J. Collins			For	For	Management
1.7	Elect Director J. Michael Cook			For	For	Management
1.8	Elect Director Gerald L. Hassell			For	For	Management
1.9	Elect Director Jeffrey A. Honickman			For	For	Management
1.10	Elect Director Brian L. Roberts			For	For	Management
1.11	Elect Director Ralph J. Roberts			For	For	Management
1.12	Elect Director Dr. Judith Rodin			For	For	Management
1.13	Elect Director Michael I. Sovern			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Restricted Stock Plan			For	For	Management
4	Amend Stock Option Plan			For	For	Management
5	Adopt Recapitalization Plan			Against	For	Shareholder
6	Increase Disclosure of Executive			Against	Against	Shareholder
	Compensation
7	Require More Director Nominations Than			Against	Against	Shareholder

	Open Seats
8	Report on Pay Disparity	Against	Against	Shareholder
9	Provide for Cumulative Voting for Class A Against		For	Shareholder
	Shareholders
10	Adopt Principles for Health Care Reform	Against	Against	Shareholder
11	Advisory Vote to Ratify Named Executive	Against	For	Shareholder
	Officers' Compensation

--------------------------------------------------------------------------------

CVS CAREMARK CORP
Ticker:		CVS	Security ID:	126650100
Meeting Date: MAY 7, 2008			Meeting Type: Annual
Record Date: MAR 12, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Edwin M. Banks			For	For	Management
2	Elect Director C. David Brown II			For	For	Management
3	Elect Director David W. Dorman			For	For	Management
4	Elect Director Kristen E. Gibney Williams For				For	Management
5	Elect Director Marian L. Heard			For	For	Management
6	Elect Director William H. Joyce			For	For	Management
7	Elect Director Jean-Pierre Million			For	For	Management
8	Elect Director Terrence Murray			For	For	Management
9	Elect Director C.A. Lance Piccolo			For	For	Management
10	Elect Director Sheli Z. Rosenberg			For	For	Management
11	Elect Director Thomas M. Ryan			For	For	Management
12	Elect Director Richard J. Swift			For	For	Management
13	Ratify Auditors			For	For	Management
14	Amend Articles/Bylaws/Charter -- Call			Against	For	Shareholder
	Special Meetings
15	Adopt Anti Gross-up Policy			Against	For	Shareholder
16	Report on Political Contributions			Against	For	Shareholder

--------------------------------------------------------------------------------

DAIMLER AG
Ticker:		DAI	Security ID: D1668R123
Meeting Date: APR 9, 2008			Meeting Type: Annual
Record Date: FEB 27, 2008
#	Proposal		Mgt Rec	Vote Cast	Sponsor
1	RESOLUTION 2		For	For	Management
2	RESOLUTION 3		For	For	Management
3	RESOLUTION 4		For	For	Management
4	RESOLUTION 5		For	For	Management
5	RESOLUTION 6		For	For	Management
6	RESOLUTION 7		For	For	Management
7	RESOLUTION 8A		For	For	Management
8	RESOLUTION 8B		For	For	Management
9	RESOLUTION 9		For	For	Management
10	RESOLUTION 10		For	For	Management
11	RESOLUTION 11		For	For	Management

12	RESOLUTION 12	Against	Against	Shareholder
13	RESOLUTION 13	Against	Against	Shareholder
14	RESOLUTION 14	Against	Against	Shareholder
15	RESOLUTION 15	Against	Against	Shareholder
16	RESOLUTION 16	Against	Against	Shareholder
17	RESOLUTION 17	Against	Against	Shareholder
18	RESOLUTION 18	Against	Against	Shareholder
19	RESOLUTION 19	Against	Against	Shareholder
20	RESOLUTION 20	Against	Against	Shareholder
21	RESOLUTION 21	Against	Against	Shareholder
22	RESOLUTION 22	Against	Against	Shareholder
23	RESOLUTION 23	Against	Against	Shareholder
24	COUNTER MOTION A	Against	Against	Shareholder
25	COUNTER MOTION B	Against	Against	Shareholder
26	COUNTER MOTION C	Against	Against	Shareholder
27	COUNTER MOTION D	Against	Against	Shareholder

--------------------------------------------------------------------------------

DOVER CORPORATION
Ticker:		DOV	Security ID:	260003108
Meeting Date: MAY 1, 2008			Meeting Type: Annual
Record Date: MAR 3, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director D. H. Benson			For	For	Management
2	Elect Director R. W. Cremin			For	For	Management
3	Elect Director T. J. Derosa			For	For	Management
4	Elect Director J-P. M. Ergas			For	For	Management
5	Elect Director P. T. Francis			For	For	Management
6	Elect Directors K. C. Graham			For	For	Management
7	Elect Director R. L. Hoffman			For	For	Management
8	Elect Director J. L. Koley			For	For	Management
9	Elect Director R. K. Lochridge			For	For	Management
10	Elect Director B. G. Rethore			For	For	Management
11	Elect Director M. B. Stubbs			For	For	Management
12	Elect Director M. A. Winston			For	For	Management
13	Amend Executive Incentive Bonus Plan			For	For	Management
14	Report on Sustainability			Against	For	Shareholder
15	Report on Climate Change			Against	For	Shareholder
16	Other Business			For	Against	Management

--------------------------------------------------------------------------------

E.I. DU PONT DE NEMOURS & CO.
Ticker:		DD	Security ID:	263534109
Meeting Date: APR 30, 2008			Meeting Type: Annual
Record Date:		MAR 5, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Richard H. Brown			For	For	Management
1.2	Elect Director Robert A. Brown			For	For	Management
1.3	Elect Director Bertrand P. Collomb			For	For	Management

1.4	Elect Director Curtis J. Crawford	For	For	Management
1.5	Elect Director Alexander M. Cutler	For	For	Management
1.6	Elect Director John T. Dillon	For	For	Management
1.7	Elect Director Eleuthere I. du Pont	For	For	Management
1.8	Elect Director Marillyn A. Hewson	For	For	Management
1.9	Elect Director Charles O. Holliday, Jr.	For	For	Management
1.10	Elect Director Lois D. Juliber	For	For	Management
1.11	Elect Director Sean O'Keefe	For	For	Management
1.12	Elect Director William K. Reilly	For	For	Management
2	Ratify Auditors	For	For	Management
3	Report on Plant Closures	Against	Against	Shareholder
4	Require Independent Board Chairman	Against	For	Shareholder
5	Report on Global Warming	Against	Against	Shareholder
6	Amend Human Rights Policies	Against	Against	Shareholder
7	Advisory Vote to Ratify Named Executive	Against	For	Shareholder
	Officers' Compensation

--------------------------------------------------------------------------------

EL PASO CORP
Ticker:		EP	Security ID:	28336L109
Meeting Date: MAY 14, 2008			Meeting Type: Annual
Record Date: MAR 17, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Juan Carlos Braniff			For	For	Management
2	Elect Director James L. Dunlap			For	For	Management
3	Elect Director Douglas L. Foshee			For	For	Management
4	Elect Director Robert W. Goldman			For	For	Management
5	Elect Director Anthony W. Hall, Jr.			For	For	Management
6	Elect Director Thomas R. Hix			For	For	Management
7	Elect Director William H. Joyce			For	For	Management
8	Elect Director Ronald L. Kuehn, Jr.			For	For	Management
9	Elect Director Ferrell P. McClean			For	For	Management
10	Elect Director Steven J. Shapiro			For	For	Management
11	Elect Director J. Michael Talbert			For	For	Management
12	Elect Director Robert F. Vagt			For	For	Management
13	Elect Director John L. Whitmire			For	For	Management
14	Elect Director Joe B. Wyatt			For	For	Management
15	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

EMERSON ELECTRIC CO.
Ticker:		EMR		Security ID:	291011104
Meeting Date: FEB			5, 2008	Meeting Type: Annual
Record Date: NOV			27, 2007
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director D.N. Farr				For	For	Management
1.2	Elect Director R.B. Horton				For	For	Management
1.3	Elect Director C.A. Peters				For	For	Management
1.4	Elect Director J.W. Prueher				For	For	Management

2	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
ENTERPRISE PRODUCTS PARTNERS L.P.
Ticker:		EPD	Security ID:	293792107
Meeting Date: JAN 29, 2008			Meeting Type: Special
Record Date: DEC 20, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Approve Omnibus Stock Plan			For	For	Management

--------------------------------------------------------------------------------

FANNIE MAE
Ticker:		FNM	Security ID: 313586109
Meeting Date: DEC 14, 2007			Meeting Type: Annual
Record Date: OCT 22, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Stephen B. Ashley			For	For	Management
1.2	Elect Director Dennis R. Beresford			For	For	Management
1.3	Elect Director Louis J. Freeh			For	For	Management
1.4	Elect Director Brenda J. Gaines			For	For	Management
1.5	Elect Director Karen N. Horn, Ph.D.			For	For	Management
1.6	Elect Director Bridget A. Macaskill			For	For	Management
1.7	Elect Director Daniel H. Mudd			For	For	Management
1.8	Elect Director Leslie Rahl			For	For	Management
1.9	Elect Director John C. Sites, Jr.			For	For	Management
1.10	Elect Director Greg C. Smith			For	For	Management
1.11	Elect Director H. Patrick Swygert			For	For	Management
1.12	Elect Director John K. Wulff			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Omnibus Stock Plan			For	For	Management
4	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation
5	Restore or Provide for Cumulative Voting			Against	Against	Shareholder

--------------------------------------------------------------------------------

FEDEX CORPORATION
Ticker:		FDX	Security ID:	31428X106
Meeting Date: SEP 24, 2007			Meeting Type: Annual
Record Date: JUL 30, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director James L. Barksdale			For	For	Management
2	Elect Director August A. Busch, IV			For	For	Management
3	Elect Director John A. Edwardson			For	For	Management
4	Elect Director Judith L. Estrin			For	For	Management
5	Elect Director Philip Greer			For	For	Management

6	Elect Director J.R. Hyde, III	For	For	Management
7	Elect Director Shirley A. Jackson	For	For	Management
8	Elect Director Steven R. Loranger	For	For	Management
9	Elect Director Gary W. Loveman	For	For	Management
10	Elect Director Charles T. Manatt	For	For	Management
11	Elect Director Frederick W. Smith	For	For	Management
12	Elect Director Joshua I. Smith	For	For	Management
13	Elect Director Paul S. Walsh	For	For	Management
14	Elect Director Peter S. Willmott	For	For	Management
15	Ratify Auditors	For	For	Management
16	Separate Chairman and CEO Positions	Against	For	Shareholder
17	Advisory Vote to Ratify Named Executive	Against	For	Shareholder
	Officer's Compensation
18	Report on Global Warming	Against	Against	Shareholder
19	Report on Political Contributions	Against	For	Shareholder

--------------------------------------------------------------------------------

FIDELITY NATIONAL INFORMATION SERVICES INC

Ticker:		FIS	Security ID:	31620M106
Meeting Date: MAY 29, 2008			Meeting Type: Annual
Record Date: MAR 31, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Marshall Haines			For	For	Management
1.2	Elect Director David K. Hunt			For	For	Management
1.3	Elect Director Cary H. Thompson			For	For	Management
2	Ratify Auditors			For	For	Management
3	Approve Omnibus Stock Plan			For	For	Management

--------------------------------------------------------------------------------

FPL GROUP, INC.
Ticker:		FPL	Security ID: 302571104
Meeting Date: MAY 23, 2008			Meeting Type: Annual
Record Date: MAR 24, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Sherry S. Barrat			For	For	Management
1.2	Elect Director Robert M. Beall, II			For	For	Management
1.3	Elect Director J. Hyatt Brown			For	Withhold	Management
1.4	Elect Director James L. Camaren			For	For	Management
1.5	Elect Director J. Brian Ferguson			For	For	Management
1.6	Elect Director Lewis Hay, III			For	For	Management
1.7	Elect Director Toni Jennings			For	For	Management
1.8	Elect Director Oliver D. Kingsley, Jr.			For	For	Management
1.9	Elect Director Rudy E. Schupp			For	For	Management
1.10	Elect Director Michael H. Thaman			For	For	Management
1.11	Elect Director Hansel E. Tookes, II			For	For	Management
1.12	Elect Director Paul R. Tregurtha			For	For	Management
2	Ratify Auditors			For	For	Management
3	Approve Executive Incentive Bonus Plan			For	For	Management
4	Report on Global Warming			Against	Against	Shareholder

--------------------------------------------------------------------------------

FRANKLIN RESOURCES, INC.
Ticker:		BEN	Security ID:	354613101
Meeting Date: JAN 31, 2008			Meeting Type: Annual
Record Date: DEC 4, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Samuel H. Armacost			For	For	Management
1.2	Elect Director Charles Crocker			For	For	Management
1.3	Elect Director Joseph R. Hardiman			For	For	Management
1.4	Elect Director Robert D. Joffe			For	For	Management
1.5	Elect Director Charles B. Johnson			For	For	Management
1.6	Elect Director Gregory E. Johnson			For	For	Management
1.7	Elect Director Rupert H. Johnson, Jr.			For	For	Management
1.8	Elect Director Thomas H. Kean			For	For	Management
1.9	Elect Director Chutta Ratnathicam			For	For	Management
1.10	Elect Director Peter M. Sacerdote			For	For	Management
1.11	Elect Director Laura Stein			For	For	Management
1.12	Elect Director Anne M. Tatlock			For	For	Management
1.13	Elect Director Louis E. Woodworth			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Executive Incentive Bonus Plan			For	For	Management

--------------------------------------------------------------------------------

FREEPORT-MCMORAN COPPER & GOLD INC.

Ticker:		FCX	Security ID: 35671D857
Meeting Date: JUN 5, 2008			Meeting Type: Annual
Record Date: APR 15, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Richard C. Adkerson			For	For	Management
1.2	Elect Director Robert J. Allison, Jr.			For	Withhold	Management
1.3	Elect Director Robert A. Day			For	For	Management
1.4	Elect Director Gerald J. Ford			For	For	Management
1.5	Elect Director H. Devon Graham, Jr.			For	Withhold	Management
1.6	Elect Director J. Bennett Johnston			For	For	Management
1.7	Elect Director Charles C. Krulak			For	For	Management
1.8	Elect Director Bobby Lee Lackey			For	Withhold	Management
1.9	Elect Director Jon C. Madonna			For	For	Management
1.10	Elect Director Dustan E. McCoy			For	For	Management
1.11	Elect Director Gabrielle K. McDonald			For	For	Management
1.12	Elect Director James R. Moffett			For	For	Management
1.13	Elect Director B.M. Rankin, Jr.			For	For	Management
1.14	Elect Director J. Stapleton Roy			For	For	Management
1.15	Elect Director Stephen H. Siegele			For	For	Management
1.16	Elect Director J. Taylor Wharton			For	For	Management
2	Ratify Auditors			For	For	Management
3	Increase Authorized Common Stock			For	For	Management

--------------------------------------------------------------------------------

GENERAL DYNAMICS CORP.
Ticker:		GD	Security ID:	369550108
Meeting Date: MAY 7, 2008			Meeting Type: Annual
Record Date: MAR 10, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Nicholas D. Chabraja			For	For	Management
2	Elect Director James S. Crown			For	For	Management
3	Elect Director William P. Fricks			For	For	Management
4	Elect Director Charles H. Goodman			For	For	Management
5	Elect Director Jay L. Johnson			For	For	Management
6	Elect Director George A. Joulwan			For	For	Management
7	Elect Director Paul G. Kaminski			For	For	Management
8	Elect Director John M. Keane			For	For	Management
9	Elect Director Deborah J. Lucas			For	For	Management
10	Elect Director Lester L. Lyles			For	For	Management
11	Elect Director Carl E. Mundy, Jr.			For	For	Management
12	Elect Director J. Christopher Reyes			For	For	Management
13	Elect Director Robert Walmsley			For	For	Management
14	Ratify Auditors			For	For	Management
15	Adopt Ethical Criteria for Military			Against	Against	Shareholder
	Contracts
16	Amend Articles/Bylaws/Charter -- Call			Against	For	Shareholder
	Special Meetings

--------------------------------------------------------------------------------

GENERAL ELECTRIC CO.
Ticker:		GE	Security ID:	369604103
Meeting Date: APR 23, 2008			Meeting Type: Annual
Record Date: FEB 25, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director James I. Cash, Jr.			For	For	Management
2	Elect Director William M. Castell			For	For	Management
3	Elect Director Ann M. Fudge			For	For	Management
4	Elect Director Claudio X. Gonzalez			For	Against	Management
5	Elect Director Susan Hockfield			For	For	Management
6	Elect Director Jeffrey R. Immelt			For	For	Management
7	Elect Director Andrea Jung			For	For	Management
8	Elect Director Alan G. Lafley			For	For	Management
9	Elect Director Robert W. Lane			For	For	Management
10	Elect Director Ralph S. Larsen			For	For	Management
11	Elect Director Rochelle B. Lazarus			For	For	Management
12	Elect Director James J. Mulva			For	For	Management
13	Elect Director Sam Nunn			For	For	Management
14	Elect Director Roger S. Penske			For	For	Management
15	Elect Director Robert J. Swieringa			For	For	Management
16	Elect Director Douglas A. Warner III			For	For	Management
17	Ratify Auditors			For	For	Management
18	Provide for Cumulative Voting			Against	For	Shareholder
19	Require Independent Board Chairman			Against	For	Shareholder

20	Claw-back of Payments under Restatements	Against	Against	Shareholder
21	Adopt Policy on Overboarded Directors	Against	For	Shareholder
22	Report on Charitable Contributions	Against	Against	Shareholder
23	Report on Global Warming	Against	Against	Shareholder
24	Advisory Vote to Ratify Named Executive	Against	For	Shareholder
	Officers' Compensation

--------------------------------------------------------------------------------

GLOBALSANTAFE CORPORATION (FORMERLY SANTA FE INTERNATIONAL CORP)

Ticker:		GSF	Security ID: G3930E101
Meeting Date: NOV 9, 2007			Meeting Type: Court
Record Date: OCT 1, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	APPROVAL OF THE SCHEME OF ARRANGEMENT,			For	For	Management
	ATTACHED TO THE ACCOMPANYING JOINT PROXY
	STATEMENT AS ANNEX H. TO BE VOTED ON AT
	THE FIRST PART OF THE SHAREHOLDERS
	MEETING, WHICH PART IS CONVENED PURSUANT
	TO THE ORDER OF THE GRAND COURT OF THE
	CAYMAN ISLANDS.
2	APPROVAL OF THE SCHEME OF ARRANGEMENT,			For	For	Management
	ATTACHED TO THE ACCOMPANYING JOINT PROXY
	STATEMENT AS ANNEX H. TO BE VOTED ON AT
	THE SECOND PART OF THE SHAREHOLDERS
	MEETING, WHICH PART IS CONVENED IN
	ACCORDANCE WITH THE ARTICLES OF
	ASSOCIATION.

--------------------------------------------------------------------------------

GOLDMAN SACHS GROUP, INC., THE
Ticker:		GS	Security ID: 38141G104
Meeting Date: APR 10, 2008			Meeting Type: Annual
Record Date: FEB 11, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Directors Lloyd C. Blankfein			For	For	Management
2	Elect Directors John H. Bryan			For	For	Management
3	Elect Directors Gary D. Cohn			For	For	Management
4	Elect Directors Claes Dahlback			For	For	Management
5	Elect Directors Stephen Friedman			For	For	Management
6	Elect Directors William W. George			For	For	Management
7	Elect Directors Rajat K. Gupta			For	For	Management
8	Elect Directors James A. Johnson			For	For	Management
9	Elect Directors Lois D. Juliber			For	For	Management
10	Elect Directors Edward M. Liddy			For	For	Management
11	Elect Directors Ruth J. Simmons			For	For	Management
12	Elect Directors Jon Winkelried			For	For	Management
13	Ratify Auditors			For	For	Management
14	Prohibit Executive Stock-Based Awards			Against	Against	Shareholder
15	Advisory Vote to Ratify Named Executive			Against	For	Shareholder

	Officers' Compensation
16	Prepare Sustainability Report	Against	Against	Shareholder

--------------------------------------------------------------------------------

HARTFORD FINANCIAL SERVICES GROUP, INC., THE

Ticker:		HIG	Security ID:	416515104
Meeting Date: MAY 21, 2008			Meeting Type: Annual
Record Date: MAR 24, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Ramani Ayer			For	For	Management
2	Elect Director Ramon de Oliveira			For	For	Management
3	Elect Director Trevor Fetter			For	For	Management
4	Elect Director Edward J. Kelly, III			For	For	Management
5	Elect Director Paul G. Kirk, Jr.			For	For	Management
6	Elect Director Thomas M. Marra			For	For	Management
7	Elect Director Gail J. McGovern			For	For	Management
8	Elect Director Michael G. Morris			For	For	Management
9	Elect Director Charles B. Strauss			For	For	Management
10	Elect Director H. Patrick Swygert			For	For	Management
11	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

HESS CORPORATION
Ticker:		HES	Security ID: 42809H107
Meeting Date: MAY 7, 2008			Meeting Type: Annual
Record Date: MAR 17, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Edith E. Holiday			For	For	Management
1.2	Elect Director John H. Mullin			For	For	Management
1.3	Elect Director John J. O'Connor			For	For	Management
1.4	Elect Director F. Borden Walker			For	For	Management
1.5	Elect Director Robert N. Wilson			For	For	Management
2	Ratify Auditors			For	For	Management
3	Declassify the Board of Directors			For	For	Management
4	Approve Omnibus Stock Plan			For	For	Management

--------------------------------------------------------------------------------

HEWLETT-PACKARD CO.
Ticker:		HPQ	Security ID: 428236103
Meeting Date: MAR 19, 2008			Meeting Type: Annual
Record Date:		JAN 22, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Lawrence T. Babbio, Jr.			For	For	Management
2	Elect Director Sari M. Baldauf			For	For	Management
3	Elect Director Richard A. Hackborn			For	For	Management

4	Elect Director John H. Hammergren	For	For	Management
5	Elect Director Mark V. Hurd	For	For	Management
6	Elect Director Joel Z. Hyatt	For	For	Management
7	Elect Director John R. Joyce	For	For	Management
8	Elect Director Robert L. Ryan	For	For	Management
9	Elect Director Lucille S. Salhany	For	For	Management
10	Elect Director G. Kennedy Thompson	For	For	Management
11	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

HILTON HOTELS CORP.
Ticker:		HLT		Security ID:	432848109
Meeting Date: SEP			18, 2007	Meeting Type: Special
Record Date: AUG			6, 2007
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1	Approve Merger Agreement				For	For	Management
2	Adjourn Meeting				For	For	Management

--------------------------------------------------------------------------------

HONEYWELL INTERNATIONAL, INC.
Ticker:		HON	Security ID:	438516106
Meeting Date: APR 28, 2008			Meeting Type: Annual
Record Date: FEB 29, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Gordon M. Bethune			For	For	Management
2	Elect Director Jaime Chico Pardo			For	For	Management
3	Elect Director David M. Cote			For	For	Management
4	Elect Director D. Scott Davis			For	For	Management
5	Elect Director Linnet F. Deily			For	For	Management
6	Elect Director Clive R. Hollick			For	For	Management
7	Elect Director Bradley T. Sheares			For	For	Management
8	Elect Director Eric K. Shinseki			For	For	Management
9	Elect Director John R. Stafford			For	For	Management
10	Elect Director Michael W. Wright			For	For	Management
11	Ratify Auditors			For	For	Management
12	Provide the Right to Call Special Meeting For				For	Management
13	Pay For Superior Performance			Against	For	Shareholder

--------------------------------------------------------------------------------

HOST HOTELS & RESORTS, INC.
Ticker:		HST		Security ID:	44107P104
Meeting Date: MAY			14, 2008	Meeting Type: Annual
Record Date: MAR			27, 2008
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1	Elect Director Roberts M. Baylis				For	For	Management

2	Elect Director Terence C. Golden	For	Against	Management
3	Elect Director Ann M. Korologos	For	For	Management
4	Elect Director Richard E. Marriott	For	For	Management
5	Elect Director Judith A. McHale	For	For	Management
6	Elect Director John B. Morse Jr	For	For	Management
7	Elect Director W. Edward Walter	For	For	Management
8	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

INTEL CORP.
Ticker:		INTC	Security ID:	458140100
Meeting Date: MAY 21, 2008			Meeting Type: Annual
Record Date: MAR 24, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Craig R. Barrett			For	For	Management
2	Elect Director Charlene Barshefsky			For	For	Management
3	Elect Director Carol A. Bartz			For	For	Management
4	Elect Director Susan L. Decker			For	For	Management
5	Elect Director Reed E. Hundt			For	For	Management
6	Elect Director Paul S. Otellini			For	For	Management
7	Elect Director James D. Plummer			For	For	Management
8	Elect Director David S. Pottruck			For	For	Management
9	Elect Director Jane E. Shaw			For	For	Management
10	Elect Director John L. Thornton			For	For	Management
11	Elect Director David B. Yoffie			For	For	Management
12	Ratify Auditors			For	For	Management
13	Amend Bylaws to Establish a Board			Against	Against	Shareholder
	Committee on Sustainability

--------------------------------------------------------------------------------

INTERNATIONAL PAPER CO.
Ticker:		IP	Security ID: 460146103
Meeting Date: MAY 12, 2008			Meeting Type: Annual
Record Date: MAR 14, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Directors Samir G. Gibara			For	For	Management
1.2	Elect Directors John F. Turner			For	For	Management
1.3	Elect Directors Alberto Weisser			For	For	Management
1.4	Elect Directors J. Steven Whisler			For	For	Management
2	Ratify Auditors			For	For	Management
3	Adopt Majority Voting for Uncontested			For	For	Management
	Election of Directors
4	Declassify the Board of Directors			For	For	Management
5	Eliminate Supermajority Vote Requirement			For	For	Management
6	Eliminate Supermajority Vote Requirement			For	For	Management
	Relating to Business Combinations
7	Reduce Supermajority Vote Requirement			Against	Against	Shareholder
8	Report on Sustainable Forestry			Against	Against	Shareholder

--------------------------------------------------------------------------------

ITT CORP.
Ticker:		ITT	Security ID:	450911102
Meeting Date: MAY 13, 2008			Meeting Type: Annual
Record Date: MAR 21, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Steven R. Loranger			For	For	Management
1.2	Elect Director Curtis J. Crawford			For	For	Management
1.3	Elect Director Christina A. Gold			For	For	Management
1.4	Elect Director Ralph F. Hake			For	For	Management
1.5	Elect Director John J. Hamre			For	For	Management
1.6	Elect Director Frank T. MacInnis			For	For	Management
1.7	Elect Director Surya N. Mohapatra			For	For	Management
1.8	Elect Director Linda S. Sanford			For	For	Management
1.9	Elect Director Markos I. Tambakeras			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Articles of Incorporation to			For	For	Management
	Authorize Additional Shares and Provide
	for Majority Voting in Uncontested
	Elections
4	Amend Omnibus Stock Plan			For	For	Management
5	Amend Omnibus Stock Plan			For	For	Management
6	Amend Executive Incentive Bonus Plan			For	For	Management
7	Amend Executive Incentive Bonus Plan			For	For	Management
8	Report Foreign Military Sales			Against	Against	Shareholder

--------------------------------------------------------------------------------

J. C. PENNEY CO., INC (HLDG CO)
Ticker:		JCP	Security ID:	708160106
Meeting Date: MAY 16, 2008			Meeting Type: Annual
Record Date: MAR 17, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Colleen C. Barrett			For	Against	Management
2	Elect Director M. Anthony Burns			For	Against	Management
3	Elect Director Maxine K. Clark			For	Against	Management
4	Elect Director Thomas J. Engibous			For	Against	Management
5	Elect Director Kent B. Foster			For	Against	Management
6	Elect Director Ken C. Hicks			For	For	Management
7	Elect Director Leonard H. Roberts			For	Against	Management
8	Elect Director Javier G. Teruel			For	For	Management
9	Elect Director Myron E. Ullman, III			For	Against	Management
10	Ratify Auditors			For	For	Management
11	Submit Severance Agreement (Change in			Against	For	Shareholder
	Control) to shareholder Vote

--------------------------------------------------------------------------------

JOHNSON CONTROLS, INC.

Ticker:		JCI	Security ID:	478366107
Meeting Date: JAN 23, 2008			Meeting Type: Annual
Record Date: NOV 15, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Natalie A. Black			For	For	Management
1.2	Elect Director Robert A. Cornog			For	For	Management
1.3	Elect Director William H. Lacy			For	For	Management
1.4	Elect Director Stephen A. Roell			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

JPMORGAN CHASE & CO.
Ticker:		JPM	Security ID: 46625H100
Meeting Date: MAY 20, 2008			Meeting Type: Annual
Record Date: MAR 21, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Crandall C. Bowles			For	For	Management
2	Elect Director Stephen B. Burke			For	For	Management
3	Elect Director David M. Cote			For	For	Management
4	Elect Director James S. Crown			For	For	Management
5	Elect Director James Dimon			For	For	Management
6	Elect Director Ellen V. Futter			For	For	Management
7	Elect Director William H. Gray, III			For	For	Management
8	Elect Director Laban P. Jackson, Jr.			For	For	Management
9	Elect Director Robert I. Lipp			For	For	Management
10	Elect Director David C. Novak			For	For	Management
11	Elect Director Lee R. Raymond			For	For	Management
12	Elect Director William C. Weldon			For	For	Management
13	Ratify Auditors			For	For	Management
14	Amend Omnibus Stock Plan			For	Against	Management
15	Amend Executive Incentive Bonus Plan			For	For	Management
16	Report on Government Service of Employees Against				Against	Shareholder
17	Report on Political Contributions			Against	For	Shareholder
18	Require Independent Board Chairman			Against	Against	Shareholder
19	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation
20	Require More Director Nominations Than			Against	Against	Shareholder
	Open Seats
21	Report on Human Rights Investment			Against	Against	Shareholder
	Policies
22	Report on Lobbying Activities			Against	Against	Shareholder

--------------------------------------------------------------------------------

KIMBERLY-CLARK CORP.

Ticker:	KMB		Security ID: 494368103
Meeting Date: APR		17, 2008	Meeting Type: Annual
Record Date:	FEB	18, 2008

#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director John R. Alm	For	For	Management
2	Elect Director John F. Bergstrom	For	For	Management
3	Elect Director Robert W. Decherd	For	For	Management
4	Elect Director Ian C. Read	For	For	Management
5	Elect Director G. Craig Sullivan	For	For	Management
6	Ratify Auditors	For	For	Management
7	Eliminate Supermajority Vote Requirement	For	For	Management
8	Require Director Nominee Qualifications	Against	Against	Shareholder
9	Adopt ILO Based Code of Conduct	Against	Against	Shareholder
10	Amend Articles/Bylaws/Charter -- Call	Against	For	Shareholder
	Special Meetings
11	Provide for Cumulative Voting	Against	For	Shareholder
12	Amend Bylaws to Establish a Board	Against	Against	Shareholder
	Committee on Sustainability

--------------------------------------------------------------------------------

KIMCO REALTY CORP.
Ticker:		KIM	Security ID: 49446R109
Meeting Date: MAY 13, 2008			Meeting Type: Annual
Record Date: MAR 17, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Martin S. Kimmel			For	For	Management
1.2	Elect Director Milton Cooper			For	Withhold	Management
1.3	Elect Director Richard G. Dooley			For	Withhold	Management
1.4	Elect Director Michael J. Flynn			For	Withhold	Management
1.5	Elect Director Joe Grills			For	For	Management
1.6	Elect Director David B. Henry			For	Withhold	Management
1.7	Elect Director F. Patrick Hughes			For	For	Management
1.8	Elect Director Frank Lourenso			For	Withhold	Management
1.9	Elect Director Richard Saltzman			For	For	Management
1.10	Elect Director Philip Coviello			For	For	Management
2	Amend Omnibus Stock Plan			For	For	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

KRAFT FOODS INC
Ticker:		KFT	Security ID: 50075N104
Meeting Date: MAY 13, 2008			Meeting Type: Annual
Record Date: MAR 10, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Ajay Banga			For	For	Management
1.2	Elect Director Jan Bennink			For	For	Management
1.3	Elect Director Myra M. Hart			For	For	Management
1.4	Elect Director Lois D. Juliber			For	For	Management
1.5	Elect Director Mark D. Ketchum			For	For	Management
1.6	Elect Director Richard A. Lerner			For	For	Management
1.7	Elect Director John C. Pope			For	For	Management
1.8	Elect Director Fredric G. Reynolds			For	For	Management

1.9	Elect Director Irene B. Rosenfeld	For	For	Management
1.10	Elect Director Mary L. Schapiro	For	For	Management
1.11	Elect Director Deborah C. Wright	For	For	Management
1.12	Elect Director Frank G. Zarb	For	For	Management
2	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

L-3 COMMUNICATIONS HOLDINGS, INC.

Ticker:		LLL	Security ID:	502424104
Meeting Date: APR 29, 2008			Meeting Type: Annual
Record Date: MAR 3, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director John M. Shalikashvili			For	For	Management
1.2	Elect Director Michael T. Strianese			For	For	Management
1.3	Elect Director John P. White			For	For	Management
2	Approve Omnibus Stock Plan			For	For	Management
3	Approve Non-Employee Director Omnibus			For	For	Management
	Stock Plan
4	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

LEGG MASON, INC.
Ticker:		LM	Security ID:	524901105
Meeting Date: JUL 19, 2007			Meeting Type: Annual
Record Date: MAY 21, 2007
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Harold L. Adams				For	For	Management
1.2	Elect Raymond A. Mason				For	For	Management
1.3	Elect Margaret Milner Richardson				For	For	Management
1.4	Elect Kurt L. Schmoke				For	For	Management
1.5	Elect Robert E. Angelica				For	For	Management
2	Amend Omnibus Stock Plan				For	For	Management
3	Amend Non-Employee Director Stock Option				For	For	Management
	Plan
4	Ratify Auditors				For	For	Management
5	Separate Chairman and CEO Positions				Against	For	Shareholder

--------------------------------------------------------------------------------

LLOYDS TSB GROUP PLC
Ticker:		LYG		Security ID: 539439109
Meeting Date: MAY			8, 2008	Meeting Type: Annual
Record Date: APR			1, 2008
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1	RECEIVING THE REPORT AND ACCOUNTS				For	For	Management
2	APPROVAL OF THE DIRECTORS REMUNERATION				For	For	Management

	REPORT
3	ELECTION OR RE-ELECTION OF DIRECTOR: MR P For			For	Management
	N GREEN
4	ELECTION OR RE-ELECTION OF DIRECTOR: SIR		For	For	Management
	DAVID MANNING
5	ELECTION OR RE-ELECTION OF DIRECTOR: MR		For	For	Management
	EWAN BROWN
6	ELECTION OR RE-ELECTION OF DIRECTOR: MR M For			For	Management
	E FAIREY
7	ELECTION OR RE-ELECTION OF DIRECTOR: SIR		For	For	Management
	JULLAN HORN-SMITH
8	ELECTION OR RE-ELECTION OF DIRECTOR: MR G For			For	Management
	T TATE
9	Ratify Auditors		For	For	Management
10	AUTHORITY TO SET THE REMUNERATION OF THE		For	For	Management
	AUDITORS
11	DIRECTORS	AUTHORITY TO ALLOT SHARES	For	For	Management
12	DIRECTORS	POWER TO ISSUE SHARES FOR CASH For		For	Management
13	AUTHORITY FOR THE COMPANY TO PURCHASE ITS For			For	Management
	SHARES
14	AMENDING THE ARTICLES OF ASSOCIATION		For	For	Management

--------------------------------------------------------------------------------

LOEWS CORP.
Ticker:		LTR	Security ID: 540424108
Meeting Date: MAY 13, 2008			Meeting Type: Annual
Record Date: MAR 17, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Ann E. Berman			For	For	Management
2	Elect Director Joseph L. Bower			For	For	Management
3	Elect Director Charles M. Diker			For	For	Management
4	Elect Director Paul J. Fribourg			For	For	Management
5	Elect Director Walter L. Harris			For	For	Management
6	Elect Director Philip A. Laskawy			For	For	Management
7	Elect Director Gloria R. Scott			For	For	Management
8	Elect Director Andrew H. Tisch			For	For	Management
9	Elect Director James S. Tisch			For	For	Management
10	Elect Director Jonathan M. Tisch			For	For	Management
11	Ratify Auditors			For	For	Management
12	Provide for Cumulative Voting			Against	For	Shareholder
13	Pay For Superior Performance			Against	For	Shareholder
14	Adopt Principles for Health Care Reform			Against	Against	Shareholder
15	Amend Tobacco Marketing Strategies			Against	Against	Shareholder

--------------------------------------------------------------------------------

MACY'S INC
Ticker:	M		Security ID: 55616P104
Meeting Date: MAY		16, 2008	Meeting Type: Annual
Record Date:	MAR	21, 2008

#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Stephen F. Bollenbach	For	For	Management
1.2	Elect Director Deirdre P. Connelly	For	For	Management
1.3	Elect Director Meyer Feldberg	For	For	Management
1.4	Elect Director Sara Levinson	For	For	Management
1.5	Elect Director Terry J. Lundgren	For	For	Management
1.6	Elect Director Joseph Neubauer	For	For	Management
1.7	Elect Director Joseph A. Pichler	For	For	Management
1.8	Elect Director Joyce M. Roché	For	For	Management
1.9	Elect Director Karl M. von der Heyden	For	For	Management
1.10	Elect Director Craig E. Weatherup	For	For	Management
1.11	Elect Director Marna C. Whittington	For	For	Management
2	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

MARATHON OIL CORP
Ticker:		MRO	Security ID: 565849106
Meeting Date: APR 30, 2008			Meeting Type: Annual
Record Date: MAR 3, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Charles F. Bolden, Jr.			For	For	Management
2	Elect Director Gregory H. Boyce			For	For	Management
3	Elect Director Shirley Ann Jackson			For	For	Management
4	Elect Director Philip Lader			For	For	Management
5	Elect Director Charles R. Lee			For	For	Management
6	Elect Director Dennis H. Reilley			For	For	Management
7	Elect Director Seth E. Schofield			For	For	Management
8	Elect Director John W. Snow			For	For	Management
9	Elect Director Thomas J. Usher			For	For	Management
10	Ratify Auditors			For	For	Management
11	Amend Bylaws -- Call Special Meetings			Against	For	Shareholder
12	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation

--------------------------------------------------------------------------------

MATTEL, INC.
Ticker:		MAT	Security ID:	577081102
Meeting Date: MAY 29, 2008			Meeting Type: Annual
Record Date: APR 4, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Michael J. Dolan			For	For	Management
2	Elect Director Robert A. Eckert			For	For	Management
3	Elect Director Frances D. Fergusson			For	For	Management
4	Elect Director Tully M. Friedman			For	For	Management
5	Elect Director Dominic Ng			For	For	Management
6	Elect Director Vasant M. Prabhu			For	For	Management
7	Elect Director Andrea L. Rich			For	For	Management
8	Elect Director Ronald L. Sargent			For	For	Management
9	Elect Director Dean A. Scarborough			For	For	Management

10	Elect Director Christopher A. Sinclair	For	For	Management
11	Elect Director G. Craig Sullivan	For	For	Management
12	Elect Director Kathy Brittain White	For	For	Management
13	Ratify Auditors	For	For	Management
14	Report on Product Safety and Working	Against	Against	Shareholder
	Conditions

--------------------------------------------------------------------------------

MCDONALD'S CORP.
Ticker:		MCD	Security ID:	580135101
Meeting Date: MAY 22, 2008			Meeting Type: Annual
Record Date: MAR 24, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Ralph Alvarez			For	For	Management
2	Elect Director Susan E. Arnold			For	For	Management
3	Elect Director Richard H. Lenny			For	For	Management
4	Elect Director Cary D. McMillan			For	For	Management
5	Elect Director Sheila A. Penrose			For	For	Management
6	Elect Director James A. Skinner			For	For	Management
7	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

MERRILL LYNCH & CO., INC.
Ticker:		MER	Security ID: 590188108
Meeting Date: APR 24, 2008			Meeting Type: Annual
Record Date: FEB 26, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Carol T. Christ			For	For	Management
2	Elect Director Armando M. Codina			For	For	Management
3	Elect Director Judith Mayhew Jonas			For	For	Management
4	Elect Director John A. Thain			For	For	Management
5	Ratify Auditors			For	For	Management
6	Provide for Cumulative Voting			Against	For	Shareholder
7	Compensation- Miscellaneous Company			Against	Against	Shareholder
	Specific--Prohibiting Executive Officer
	Stock Sales during Buyback
8	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation
9	Adopt Employment Contract			Against	For	Shareholder

--------------------------------------------------------------------------------

METLIFE, INC
Ticker:	MET		Security ID: 59156R108
Meeting Date: APR		22, 2008	Meeting Type: Annual
Record Date:	FEB	28, 2008

#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Sylvia Mathews Burwell	For	For	Management
1.2	Elect Director Eduardo Castro-Wright	For	For	Management
1.3	Elect Director Cheryl W. Grisé	For	For	Management
1.4	Elect Director William C. Steere, Jr.	For	For	Management
1.5	Elect Director Lulu C. Wang	For	For	Management
2	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

MICROCHIP TECHNOLOGY, INC.
Ticker:		MCHP	Security ID: 595017104
Meeting Date: AUG 17, 2007			Meeting Type: Annual
Record Date: JUN 21, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Steve Sanghi			For	For	Management
1.2	Elect Director Albert J. Hugo-Martinez			For	For	Management
1.3	Elect Director L.B. Day			For	For	Management
1.4	Elect Director Matthew W. Chapman			For	For	Management
1.5	Elect Director Wade F. Meyercord			For	For	Management
2	Amend Omnibus Stock Plan			For	For	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

MOLSON COORS BREWING CO
Ticker:		TAP	Security ID:	60871R209
Meeting Date: MAY 15, 2008			Meeting Type: Annual
Record Date:		MAR 18, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director John E. Cleghorn			For	For	Management
1.2	Elect Director Charles M. Herington			For	For	Management
1.3	Elect Director David P. O'Brien			For	For	Management

--------------------------------------------------------------------------------

MORGAN STANLEY
Ticker:		MS	Security ID:	617446448
Meeting Date: APR 8, 2008			Meeting Type: Annual
Record Date: FEB 8, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Roy J. Bostock			For	For	Management
2	Elect Director Erskine B. Bowles			For	For	Management
3	Elect Director Howard J. Davies			For	For	Management
4	Elect Director C. Robert Kidder			For	For	Management
5	Elect Director John J. Mack			For	For	Management
6	Elect Director Donald T. Nicolaisen			For	For	Management
7	Elect Director Charles H. Noski			For	For	Management

8	Elect Director Hutham S. Olayan	For	For	Management
9	Elect Director Charles E. Phillips, Jr.	For	For	Management
10	Elect Director Griffith Sexton	For	For	Management
11	Elect Director Laura D. Tyson	For	For	Management
12	Ratify Auditors	For	For	Management
13	Eliminate Supermajority Vote Requirement	For	For	Management
14	Approve Report of the Compensation	Against	For	Shareholder
	Committee
15	Report on Human Rights Investment	Against	Against	Shareholder
	Policies

--------------------------------------------------------------------------------

NEWS CORPORATION
Ticker:		NWS	Security ID: 65248E203
Meeting Date: OCT 19, 2007			Meeting Type: Annual
Record Date: AUG 28, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director K. Rupert Murdoch			For	For	Management
1.2	Elect Director Peter L. Barnes			For	For	Management
1.3	Elect Director Kenneth E. Cowley			For	For	Management
1.4	Elect Director David F. DeVoe			For	For	Management
1.5	Elect Director Viet Dinh			For	For	Management
2	Ratify Auditors			For	For	Management
3	Declassify the Board of Directors			Against	For	Shareholder
4	Company Specific-Governance Related-			Against	For	Shareholder
	Eliminate Company's Dual Class Capital
	Structure

--------------------------------------------------------------------------------

NORFOLK SOUTHERN CORP.
Ticker:		NSC	Security ID:	655844108
Meeting Date: MAY 8, 2008			Meeting Type: Annual
Record Date: MAR 3, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Gerald L. Baliles			For	For	Management
1.2	Elect Director Gene R. Carter			For	For	Management
1.3	Elect Director Karen N. Horn			For	For	Management
1.4	Elect Director J. Paul Reason			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

NOVARTIS AG
Ticker:	NVS		Security ID: 66987V109
Meeting Date: FEB		26, 2008	Meeting Type: Annual
Record Date:	JAN	29, 2008

#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	APPROVAL OF THE ANNUAL REPORT, THE	For	Did Not	Management
	REMUNERATION REPORT, THE FINANCIAL		Vote
	STATEMENTS AND THE CONSOLIDATED FINANCIAL
	STATEMENTS
2	DISCHARGE FROM LIABILITY OF THE MEMBERS	For	Did Not	Management
	OF THE BOARD OF DIRECTORS AND THE		Vote
	EXECUTIVE COMMITTEE
3	APPROPRIATION OF AVAILABLE EARNINGS OF	For	Did Not	Management
	NOVARTIS AG AS PER BALANCE SHEET AND		Vote
	DECLARATION OF DIVIDEND
4	REDUCTION OF SHARE CAPITAL	For	Did Not	Management
			Vote
5	FURTHER SHARE REPURCHASE PROGRAM	For	Did Not	Management
			Vote
6	AMENDMENT TO THE ARTICLES OF	For	Did Not	Management
	INCORPORATION-SPECIAL QUORUM		Vote
7	AMENDMENT TO THE ARTICLES OF	For	Did Not	Management
	INCORPORATION-CONTRIBUTIONS IN KIND		Vote
8	RE-ELECTION OF PETER BURCKHARDT M.D. FOR	For	Did Not	Management
	A ONE-YEAR TERM		Vote
9	RE-ELECTION OF ULRICH LEHNER PH.D FOR A	For	Did Not	Management
	ONE-YEAR TERM		Vote
10	RE-ELECTION OF ALEXANDRE F. JETZER FOR A	For	Did Not	Management
	THREE-YEAR TERM		Vote
11	RE-ELECTION OF PIERRE LANDOLT FOR A	For	Did Not	Management
	THREE-YEAR TERM		Vote
12	ELECTION OF ANN FUDGE FOR A THREE-YEAR	For	Did Not	Management
	TERM		Vote
13	RATIFY AUDITORS	For	Did Not	Management
			Vote
14	TRANSACT OTHER BUSINESS (VOTING)	For	Did Not	Management
			Vote

--------------------------------------------------------------------------------

PENN WEST ENERGY TRUST
Ticker:		PWT.U	Security ID: 707885109
Meeting Date: JUN 2, 2008			Meeting Type: Annual/Special
Record Date: MAY 2, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Approve CIBC Mellon Trust Company as			For	For	Management
	Trustee of the Trust
2	Approve all Unallocated Rights under the			For	For	Management
	Trust Unit Rights Incentive Plan
3	Approve all Unallocated Trust Units under For				Against	Management
	the Employee Trust Unit Savings Plan
4	Ratify KPMG LLP as Auditors			For	For	Management
5	Elect James E. Allard, William E. Andrew, For				For	Management
	Robert G. Brawn, George H. Brookman, John
	A. Brussa, Daryl Gilbert, Shirley A.
	McClellan, Frank Potter, R. Gregory Rich,
	Jack Schanck and James C. Smith as
	Directors of Penn West Petroleum Ltd.

--------------------------------------------------------------------------------

PFIZER INC.
Ticker:		PFE	Security ID:	717081103
Meeting Date: APR 24, 2008			Meeting Type: Annual
Record Date: FEB 28, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Dennis A. Ausiello			For	For	Management
2	Elect Director Michael S. Brown			For	For	Management
3	Elect Director M. Anthony Burns			For	For	Management
4	Elect Director Robert N. Burt			For	For	Management
5	Elect Director W. Don Cornwell			For	For	Management
6	Elect Director William H. Gray, III			For	For	Management
7	Elect Director Constance J. Horner			For	For	Management
8	Elect Director William R. Howell			For	For	Management
9	Elect Director James M. Kilts			For	For	Management
10	Elect Director Jeffrey B. Kindler			For	For	Management
11	Elect Director George A. Lorch			For	For	Management
12	Elect Director Dana G. Mead			For	For	Management
13	Elect Director Suzanne Nora Johnson			For	For	Management
14	Elect Director William C. Steere, Jr.			For	For	Management
15	Ratify Auditors			For	For	Management
16	Prohibit Executive Stock-Based Awards			Against	Against	Shareholder
17	Require Independent Board Chairman			Against	For	Shareholder

--------------------------------------------------------------------------------

PG&E CORP.
Ticker:		PCG	Security ID: 69331C108
Meeting Date: MAY 14, 2008			Meeting Type: Annual
Record Date: MAR 17, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director David R. Andrews			For	For	Management
2	Elect Director C. Lee Cox			For	For	Management
3	Elect Director Peter A. Darbee			For	For	Management
4	Elect Director Maryellen C. Herringer			For	For	Management
5	Elect Director Richard A. Meserve			For	For	Management
6	Elect Director Mary S. Metz			For	For	Management
7	Elect Director Barbara L. Rambo			For	For	Management
8	Elect Director Barry Lawson Williams			For	For	Management
9	Ratify Auditors			For	For	Management
10	Report on CEO Contribution to Operation			Against	Against	Shareholder
	of Company
11	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation
12	Require Independent Lead Director			Against	Against	Shareholder

--------------------------------------------------------------------------------

PLUM CREEK TIMBER COMPANY, INC.
Ticker:		PCL	Security ID:	729251108
Meeting Date: MAY 7, 2008			Meeting Type: Annual
Record Date: MAR 10, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Rick R. Holley			For	For	Management
2	Elect Director Ian B. Davidson			For	For	Management
3	Elect Director Robin Josephs			For	For	Management
4	Elect Director John G. McDonald			For	For	Management
5	Elect Director Robert B. McLeod			For	For	Management
6	Elect Director John F. Morgan, Sr.			For	For	Management
7	Elect Director John H. Scully			For	For	Management
8	Elect Director Stephen C. Tobias			For	For	Management
9	Elect Director Martin A. White			For	For	Management
10	Ratify Auditors			For	For	Management
11	Report on Political Contributions			Against	Against	Shareholder

--------------------------------------------------------------------------------

PNC FINANCIAL SERVICES GROUP, INC.
Ticker:		PNC	Security ID: 693475105
Meeting Date: APR 22, 2008			Meeting Type: Annual
Record Date: FEB 29, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Richard O. Berndt			For	For	Management
1.2	Elect Director Charles E. Bunch			For	For	Management
1.3	Elect Director Paul W. Chellgren			For	For	Management
1.4	Elect Director Robert N. Clay			For	For	Management
1.5	Elect Director George A. Davidson, Jr.			For	For	Management
1.6	Elect Director Kay Coles James			For	For	Management
1.7	Elect Director Richard B. Kelson			For	For	Management
1.8	Elect Director Bruce C. Lindsay			For	For	Management
1.9	Elect Director Anthony A. Massaro			For	For	Management
1.10	Elect Director Jane G. Pepper			For	For	Management
1.11	Elect Director James E. Rohr			For	For	Management
1.12	Elect Director Donald J. Shepard			For	For	Management
1.13	Elect Director Lorene K. Steffes			For	For	Management
1.14	Elect Director Dennis F. Strigl			For	For	Management
1.15	Elect Director Stephen G. Thieke			For	For	Management
1.16	Elect Director Thomas J. Usher			For	For	Management
1.17	Elect Director George H. Walls, Jr.			For	For	Management
1.18	Elect Director Helge H. Wehmeier			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

PROGRESS ENERGY, INC.

Ticker:	PGN		Security ID: 743263105
Meeting Date: MAY		14, 2008	Meeting Type: Annual
Record Date:	MAR	7, 2008

#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director James E. Bostic	For	For	Management
2	Elect Director David L. Burner	For	For	Management
3	Elect Director Harris E. DeLoach, Jr.	For	For	Management
4	Elect Director William D. Johnson	For	For	Management
5	Elect Director Robert W. Jones	For	For	Management
6	Elect Director W. Steven Jones	For	For	Management
7	Elect Director E. Marie McKee	For	For	Management
8	Elect Director John H. Mullin, III	For	For	Management
9	Elect Director Charles W. Pryor, Jr.	For	For	Management
10	Elect Director Carlos A. Saladrigas	For	For	Management
11	Elect Director Theresa M. Stone	For	For	Management
12	Elect Director Alfred C. Tollison, Jr.	For	For	Management
13	Ratify Auditors	For	For	Management
14	Advisory Vote to Ratify Named Executive	Against	For	Shareholder
	Officers' Compensation

--------------------------------------------------------------------------------

PROLOGIS
Ticker:		PLD	Security ID:	743410102
Meeting Date: MAY 9, 2008			Meeting Type: Annual
Record Date: MAR 13, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Stephen L. Feinberg			For	For	Management
1.2	Elect Director George L. Fotiades			For	For	Management
1.3	Elect Director Christine N. Garvey			For	For	Management
1.4	Elect Director Lawrence V. Jackson			For	For	Management
1.5	Elect Director Donald P. Jacobs			For	For	Management
1.6	Elect Director Jeffrey H. Schwartz			For	For	Management
1.7	Elect Director D. Michael Steuert			For	For	Management
1.8	Elect Director J. Andre Teixeira			For	For	Management
1.9	Elect Director William D. Zollars			For	Withhold	Management
1.10	Elect Director Andrea M. Zulberti			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

PRUDENTIAL FINANCIAL INC
Ticker:		PRU	Security ID:	744320102
Meeting Date: MAY 13, 2008			Meeting Type: Annual
Record Date: MAR 14, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Frederic K. Becker			For	For	Management
1.2	Elect Director Gordon M. Bethune			For	For	Management
1.3	Elect Director Gaston Caperton			For	For	Management
1.4	Elect Director Gilbert F. Casellas			For	For	Management
1.5	Elect Director James G. Cullen			For	For	Management
1.6	Elect Director William H. Gray, III			For	For	Management
1.7	Elect Director Mark B. Grier			For	For	Management

1.8	Elect Director Jon F. Hanson	For	For	Management
1.9	Elect Director Constance J. Horner	For	For	Management
1.10	Elect Director Karl J. Krapek	For	For	Management
1.11	Elect Director Christine A. Poon	For	For	Management
1.12	Elect Director John R. Strangfield	For	For	Management
1.13	Elect Director James A. Unruh	For	For	Management
2	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

PUBLIC STORAGE
Ticker:		PSA	Security ID: 74460D109
Meeting Date: MAY 8, 2008			Meeting Type: Annual
Record Date: MAR 10, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Trustee B. Wayne Hughes			For	For	Management
1.2	Elect Trustee Ronald L. Havner, Jr.			For	For	Management
1.3	Elect Trustee Harvey Lenkin			For	For	Management
1.4	Elect Trustee Dann V. Angeloff			For	For	Management
1.5	Elect Trustee William C. Baker			For	For	Management
1.6	Elect Trustee John T. Evans			For	For	Management
1.7	Elect Trustee Uri P. Harkham			For	For	Management
1.8	Elect Trustee B. Wayne Hughes, Jr			For	For	Management
1.9	Elect Trustee Gary E. Pruitt			For	For	Management
1.10	Elect Trustee Daniel C. Staton			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

QUEST DIAGNOSTICS INCORPORATED
Ticker:		DGX	Security ID:	74834L100
Meeting Date: MAY 16, 2008			Meeting Type: Annual
Record Date: MAR 18, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director William F. Buehler			For	For	Management
1.2	Elect Director Rosanne Haggerty			For	For	Management
1.3	Elect Director Daniel C. Stanzione			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

REYNOLDS AMERICAN INC
Ticker:		RAI		Security ID:	761713106
Meeting Date: MAY			6, 2008	Meeting Type: Annual
Record Date:		MAR	10, 2008
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Betsy S. Atkins				For	For	Management
1.2	Elect Director Nana Mensah				For	For	Management

1.3	Elect Director John J. Zillmer	For	For	Management
1.4	Elect Director Lionel L. Nowell, III	For	For	Management
2	Ratify Auditors	For	For	Management
3	Adopt Human Rights Protocol For the	Against	For	Shareholder
	Company and its Suppliers
4	Adopt Principles for Health Care Reform	Against	Against	Shareholder

5      Implement the "Two Cigarette" Marketing Against Against Shareholder Approach

--------------------------------------------------------------------------------

SABMILLER PLC
Ticker:		SBMRY	Security ID: 78572M105
Meeting Date: JUL 31, 2007			Meeting Type: Annual
Record Date: JUN 22, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	TO RECEIVE AND ADOPT THE FINANCIAL			For	For	Management
	STATEMENTS FOR THE YEAR ENDED 31 MARCH
	2007.
2	TO APPROVE THE DIRECTORS REMUNERATION			For	For	Management
	REPORT CONTAINED IN THE ANNUAL REPORT FOR
	THE YEAR ENDED 31 MARCH 2007.
3	TO ELECT MR DS DEVITRE AS A DIRECTOR OF			For	Abstain	Management
	THE COMPANY.
4	TO RE-ELECT MR JM KAHN AS A DIRECTOR OF			For	For	Management
	THE COMPANY.
5	TO RE-ELECT MR PJ MANSER AS A DIRECTOR OF For				For	Management
	THE COMPANY.
6	TO RE-ELECT MR MQ MORLAND AS A DIRECTOR			For	For	Management
	OF THE COMPANY.
7	TO RE-ELECT MR MI WYMAN AS A DIRECTOR OF			For	For	Management
	THE COMPANY.
8	TO DECLARE A FINAL DIVIDEND OF 36 US			For	For	Management
	CENTS PER SHARE.
9	Ratify Auditors			For	For	Management
10	TO AUTHORISE THE DIRECTORS TO FIX THE			For	For	Management
	REMUNERATION OF THE AUDITORS.
11	TO GIVE A GENERAL POWER AND AUTHORITY TO			For	For	Management
	THE DIRECTORS UNDER SECTION 80 OF THE
	COMPANIES ACT 1985.
12	TO GIVE A GENERAL POWER AND AUTHORITY TO			For	For	Management
	THE DIRECTORS UNDER SECTION 89 OF THE
	COMPANIES ACT 1985.
13	TO GIVE GENERAL AUTHORITY TO THE			For	For	Management
	DIRECTORS TO MAKE MARKET PURCHASES OF
	ORDINARY SHARES OF US$0.10 EACH.
14	TO APPROVE THE CONTINGENT PURCHASE			For	For	Management
	CONTRACT.
15	TO APPROVE THE ADOPTION OF NEW ARTICLES			For	For	Management
	OF ASSOCIATION OF THE COMPANY.

--------------------------------------------------------------------------------

SAFEWAY INC.
Ticker:		SWY	Security ID:	786514208
Meeting Date: MAY 14, 2008			Meeting Type: Annual
Record Date: MAR 17, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Steven A. Burd			For	For	Management
2	Elect Director Janet E. Grove			For	For	Management
3	Elect Director Mohan Gyani			For	For	Management
4	Elect Director Paul Hazen			For	For	Management
5	Elect Director Frank C. Herringer			For	For	Management
6	Elect Director Robert I. MacDonnell			For	For	Management
7	Elect Director Douglas J. MacKenzie			For	For	Management
8	Elect Director Kenneth W. Oder			For	For	Management
9	Elect Director Rebecca A. Stirn			For	For	Management
10	Elect Director William Y. Tauscher			For	For	Management
11	Elect Director Raymond G. Viault			For	For	Management
12	Ratify Auditors			For	For	Management
13	Provide for Cumulative Voting			Against	For	Shareholder
14	Submit SERP to Shareholder Vote			Against	For	Shareholder
15	Adopt Policy on 10b5-1 Plans			Against	For	Shareholder

--------------------------------------------------------------------------------

SANOFI-AVENTIS
Ticker:		SNY	Security ID: 80105N105
Meeting Date: MAY 14, 2008			Meeting Type: Annual
Record Date: APR 1, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	APPROVAL OF THE INDIVIDUAL COMPANY			For	For	Management
	FINANCIAL STATEMENTS FOR THE YEAR ENDED
	DECEMBER 31, 2007
2	APPROVAL OF THE CONSOLIDATED FINANCIAL			For	For	Management
	STATEMENTS FOR THE YEAR ENDED DECEMBER
	31, 2007
3	APPROPRIATION OF PROFITS, DECLARATION OF			For	For	Management
	DIVIDEND
4	NON-REAPPOINTMENT OF MR. RENE BARBIER DE			For	For	Management
	LA SERRE AND APPOINTMENT OF MR. UWE
	BICKER AS A DIRECTOR
5	NON-REAPPOINTMENT OF MR. JURGEN DORMANN			For	For	Management
	AND APPOINTMENT OF MR. GUNTER THIELEN AS
	A DIRECTOR
6	NON-REAPPOINTMENT OF MR. HUBERT MARKL AND For				For	Management
	APPOINTMENT OF MRS. CLAUDIE HAIGNERE AS A
	DIRECTOR
7	NON-REAPPOINTMENT OF MR. BRUNO WEYMULLER			For	For	Management
	AND APPOINTMENT OF MR. PATRICK DE LA
	CHEVARDIERE AS A DIRECTOR
8	REAPPOINTMENT OF MR. ROBERT CASTAIGNE AS			For	For	Management
	A DIRECTOR
9	REAPPOINTMENT OF MR. CHRISTIAN MULLIEZ AS For				For	Management
	A DIRECTOR

10	REAPPOINTMENT OF MR. JEAN-MARC BRUEL AS A For		For	Management
	DIRECTOR
11	REAPPOINTMENT OF MR. THIERRY DESMAREST AS For		For	Management
	A DIRECTOR
12	REAPPOINTMENT OF MR. JEAN-FRANCOIS DEHECQ For		For	Management
	AS A DIRECTOR
13	REAPPOINTMENT OF MR. IGOR LANDAU AS A	For	For	Management
	DIRECTOR
14	REAPPOINTMENT OF MR. LINDSAY OWEN-JONES	For	For	Management
	AS A DIRECTOR
15	REAPPOINTMENT OF MR. JEAN-RENE FOURTOU AS For		For	Management
	A DIRECTOR
16	REAPPOINTMENT OF MR. KLAUS POHLE AS A	For	For	Management
	DIRECTOR
17	APPROVAL OF TRANSACTIONS COVERED BY THE	For	For	Management
	STATUTORY AUDITORS SPECIAL REPORT
	PREPARED IN ACCORDANCE WITH ARTICLE
	L.225-40 OF THE COMMERCIAL
	CODE-COMMITMENTS IN FAVOUR OF MR.
	JEAN-FRANCOIS DEHECQ
18	APPROVAL OF TRANSACTIONS COVERED BY THE	For	For	Management
	STATUTORY AUDITORS SPECIAL REPORT
	PREPARED IN ACCORDANCE WITH ARTICLE
	L.225-40 OF THE COMMERCIAL
	CODE-COMMITMENTS IN FAVOUR OF MR. GERARD
	LE FUR
19	AUTHORIZATION TO THE BOARD OF DIRECTORS	For	For	Management
	TO CARRY OUT TRANSACTIONS IN SHARES
	ISSUED BY THE COMPANY
20	POWERS FOR FORMALITIES	For	For	Management

--------------------------------------------------------------------------------

SCHERING-PLOUGH CORP.
Ticker:		SGP	Security ID:	806605101
Meeting Date: MAY 16, 2008			Meeting Type: Annual
Record Date: MAR 28, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Hans W. Becherer			For	For	Management
1.2	Elect Director Thomas J. Colligan			For	For	Management
1.3	Elect Director Fred Hassan			For	For	Management
1.4	Elect Director C. Robert Kidder			For	For	Management
1.5	Elect Director Eugene R. McGrath			For	For	Management
1.6	Elect Director Carl E. Mundy, Jr.			For	For	Management
1.7	Elect Director Antonio M. Perez			For	For	Management
1.8	Elect Director Patricia F. Russo			For	For	Management
1.9	Elect Director Jack L. Stahl			For	For	Management
1.10	Elect Director Craig B. Thompson			For	For	Management
1.11	Elect Director Kathryn C. Turner			For	For	Management
1.12	Elect Director Robert F.W. van Oordt			For	For	Management
1.13	Elect Director Arthur F. Weinbach			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

SEMPRA ENERGY
Ticker:		SRE	Security ID: 816851109
Meeting Date: MAY 22, 2008			Meeting Type: Annual
Record Date: APR 4, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Richard A. Collato			For	For	Management
2	Elect Director Wilford D. Godbold Jr.			For	For	Management
3	Elect Director Richard G. Newman			For	For	Management
4	Elect Director Carlos Ruiz Sacristan			For	For	Management
5	Elect Director William C. Rusnack			For	For	Management
6	Elect Director William P. Rutledge			For	For	Management
7	Elect Director Lynn Schenk			For	For	Management
8	Elect Director Neal E. Schmale			For	For	Management
9	Ratify Auditors			For	For	Management
10	Approve Omnibus Stock Plan			For	For	Management
11	Eliminate Supermajority Vote Requirement			For	For	Management
12	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation

--------------------------------------------------------------------------------

SIEMENS AG
Ticker:		SI	Security ID: 826197501
Meeting Date: JAN 24, 2008			Meeting Type: Annual
Record Date: DEC 12, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	APPROPRIATION OF NET INCOME			For	For	Management
2	POSTPONEMENT OF THE RATIFICATION OF THE			For	For	Management
	ACTS OF: JOHANNES FELDMAYER
3	RATIFICATION OF THE ACTS OF THE MANAGING			For	Against	Management
	BOARD: KLAUS KLEINFELD (UNTIL JUNE 30,
	2007)
4	RATIFICATION OF THE ACTS OF THE MANAGING			For	For	Management
	BOARD: PETER LOSCHER (AS OF JULY 1, 2007)
5	RATIFICATION OF THE ACTS OF THE MANAGING			For	For	Management
	BOARD: HEINRICH HIESINGER (AS OF JUNE 1,
	2007)
6	RATIFICATION OF THE ACTS OF THE MANAGING			For	For	Management
	BOARD: JOE KAESER
7	RATIFICATION OF THE ACTS OF THE MANAGING			For	Against	Management
	BOARD: RUDI LAMPRECHT
8	RATIFICATION OF THE ACTS OF THE MANAGING			For	Against	Management
	BOARD: EDUARDO MONTES
9	RATIFICATION OF THE ACTS OF THE MANAGING			For	For	Management
	BOARD: JURGEN RADOMSKI
10	RATIFICATION OF THE ACTS OF THE MANAGING			For	For	Management
	BOARD: ERICH R. REINHARDT
11	RATIFICATION OF THE ACTS OF THE MANAGING			For	For	Management
	BOARD: HERMANN REQUARDT
12	RATIFICATION OF THE ACTS OF THE MANAGING			For	Against	Management

	BOARD: URIEL J. SHAREF
13	RATIFICATION OF THE ACTS OF THE MANAGING		For	Against	Management
	BOARD: KLAUS WUCHERER
14	RATIFICATION OF THE ACTS OF THE MANAGING		For	Against	Management
	BOARD: JOHANNES FELDMAYER (UNTIL
	SEPTEMBER 30, 2007)
15.1	Ratification of the acts of	Director	For	Withhold	Management
	Heinrich Von Pierer
15.2	Ratification of the acts of Director		For	For	Management
	Gerhard Cromme
15.3	Ratification of the acts of	Director	For	For	Management
	Ralf Heckmann
15.4	Ratification of the acts of Director		For	For	Management
	Josef Ackermann
15.5	Ratification of the acts of	Director	For	For	Management
	Lothar Adler
15.6	Ratification of the acts of	Director	For	For	Management
	Gerhard Bieletzki
15.7	Ratification of the acts of Director John For			For	Management
	David Coombe
15.8	Ratification of the acts of Director		For	For	Management
	Hildegard Cornudet
15.9	Ratification of the acts of Director		For	For	Management
	Birgit Grube
15.10 Ratification of the acts of Director			For	For	Management
	Bettina Haller
15.11 Ratification of the acts of		Director	For	For	Management
	Heinz Hawreliuk
15.12 Ratification of the acts of Director			For	For	Management
	Berthold Huber
15.13 Ratification of the acts of		Director	For	For	Management
	Walter Kroll
15.14 Ratification of the acts of Director			For	For	Management
	Michael Mirow
15.15 Ratification of the acts of Director			For	For	Management
	Wolfgang Muller
15.16 Ratification of the acts of Director			For	For	Management
	Georg Nassauer
15.17 Ratification of the acts of Director			For	For	Management
	Thomas Rackow
15.18 Ratification of the acts of Director			For	For	Management
	Dieter Scheitor
15.19 Ratification of the acts of Director			For	For	Management
	Albrecht Schmidt
15.20 Ratification of the acts of Director			For	For	Management
	Henning Schulte-Noelle
15.21 Ratification of the acts of		Director	For	For	Management
	Peter Von Siemens
15.22 Ratification of the acts of Director			For	For	Management

Jerry I. Speyer
15.23 Ratification of the acts of Director Lord For	For	Management
Iain Vallance

16	Ratify Auditors	For	For	Management
17	ACQUISITION AND USE OF SIEMENS SHARES	For	For	Management
18	USE OF EQUITY DERIVATIVES IN CONNECTION	For	For	Management
	WITH THE ACQUISITION OF SIEMENS SHARES
19	NEW ELECTION TO THE SUPERVISORY BOARD:	For	For	Management

	JOSEF ACKERMANN
20	NEW ELECTION TO THE SUPERVISORY BOARD:	For	For	Management
	JEAN-LOUIS BEFFA
21	NEW ELECTION TO THE SUPERVISORY BOARD:	For	For	Management
	GERD VON BRANDENSTEIN
22	NEW ELECTION TO THE SUPERVISORY BOARD:	For	For	Management
	GERHARD CROMME
23	NEW ELECTION TO THE SUPERVISORY BOARD:	For	For	Management
	MICHAEL DIEKMANN
24	NEW ELECTION TO THE SUPERVISORY BOARD:	For	For	Management
	HANS MICHAEL GAUL
25	NEW ELECTION TO THE SUPERVISORY BOARD:	For	For	Management
	PETER GRUSS
26	NEW ELECTION TO THE SUPERVISORY BOARD:	For	For	Management
	NICOLA LEIBINGER-KAMMULLER
27	NEW ELECTION TO THE SUPERVISORY BOARD:	For	For	Management
	HAKAN SAMUELSSON
28	NEW ELECTION TO THE SUPERVISORY BOARD:	For	For	Management
	LORD IAIN VALLANCE OF TUMMEL

--------------------------------------------------------------------------------

SONY CORP.
Ticker:		6758	Security ID: 835699307
Meeting Date: JUN 20, 2008			Meeting Type: Annual
Record Date:		MAR 28, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	ELECT	DIRECTOR HOWARD STRINGER		For	For	Management
1.2	ELECT	DIRECTOR RYOJI CHUBACHI		For	For	Management
1.3	ELECT	DIRECTOR KATSUMI IHARA		For	For	Management
1.4	ELECT	DIRECTOR YOTARO KOBAYASHI		For	For	Management
1.5	ELECT	DIRECTOR SAKIE T. FUKUSHIMA		For	For	Management
1.6	ELECT	DIRECTOR YOSHIHIKO MIYAUCHI		For	For	Management
1.7	ELECT	DIRECTOR YOSHIAKI YAMAUCHI		For	For	Management
1.8	ELECT	DIRECTOR PETER BONFIELD		For	For	Management
1.9	ELECT	DIRECTOR FUEO SUMITA		For	For	Management
1.10	ELECT	DIRECTOR FUJIO CHO		For	For	Management
1.11	ELECT	DIRECTOR RYUJI YASUDA		For	For	Management
1.12	ELECT	DIRECTOR YUKAKO UCHINAGA		For	For	Management
1.13	ELECT	DIRECTOR MITSUAKI YAHAGI		For	For	Management
1.14	ELECT	DIRECTOR TSUN-YAN HSIEH		For	For	Management
1.15	ELECT	DIRECTOR ROLAND A. HERNANDEZ		For	For	Management
2	TO ISSUE STOCK ACQUISITION RIGHTS FOR THE For				For	Management
	PURPOSE OF GRANTING STOCK OPTIONS.
3	TO AMEND THE ARTICLES OF INCORPORATION			Against	For	Shareholder
	WITH RESPECT TO DISCLOSURE TO
	SHAREHOLDERS REGARDING REMUNERATION PAID
	TO EACH DIRECTOR.

--------------------------------------------------------------------------------

SPECTRA ENERGY CORP.

Ticker:		SE	Security ID: 847560109
Meeting Date: MAY 8, 2008			Meeting Type: Annual
Record Date: MAR 10, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Paul M. Anderson			For	For	Management
1.2	Elect Director Austin A. Adams			For	For	Management
1.3	Elect Director F. Anthony Comper			For	For	Management
1.4	Elect Director Michael McShane			For	For	Management
2	Amend Omnibus Stock Plan			For	For	Management
3	Approve Executive Incentive Bonus Plan			For	For	Management
4	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

TAIWAN SEMICONDUCTOR MANUFACTURING CO.

Ticker:		TSM		Security ID: 874039100
Meeting Date: JUN			13, 2008	Meeting Type: Annual
Record Date: APR			15, 2008
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1	TO ACCEPT 2007 BUSINESS REPORT AND				For	For	Management
	FINANCIAL STATEMENTS.
2	TO APPROVE THE PROPOSAL FOR DISTRIBUTION				For	For	Management
	OF 2007 PROFITS.
3	TO APPROVE THE CAPITALIZATION OF 2007				For	For	Management
	DIVIDENDS, 2007 EMPLOYEE PROFIT SHARING,
	AND CAPITAL SURPLUS.

--------------------------------------------------------------------------------

TELUS CORPORATION
Ticker:		T		Security ID:	87971M202
Meeting Date: MAY			8, 2008	Meeting Type: Special
Record Date: MAR			14, 2008
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1	Approve Shareholder Rights Plan				For	For	Management

--------------------------------------------------------------------------------

TEVA PHARMACEUTICAL INDUSTRIES LTD.
Ticker:		TEVA		Security ID:	881624209
Meeting Date: JUL			17, 2007	Meeting Type: Annual
Record Date: JUN			11, 2007
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1	TO RECEIVE AND DISCUSS THE COMPANY S				For	For	Management
	CONSOLIDATED BALANCE SHEET, ALL AS MORE
	FULLY DESCRIBED IN THE PROXY STATEMENT.
2	TO APPROVE THE BOARD OF DIRECTORS				For	For	Management

	RECOMMENDATION THAT THE CASH DIVIDEND FOR
	THE YEAR ENDED DECEMBER 31, 2006, WHICH
	WAS PAID IN FOUR INSTALLMENTS AND
	AGGREGATED NIS 1.36 (APPROXIMATELY
	US$0.31) PER ORDINARY SHARE (OR ADR), BE
	DECLARED FINAL.
3	TO ELECT ABRAHAM E. COHEN AS A DIRECTOR.	For	Against	Management
4	TO ELECT PROF. ROGER D. KORNBERG AS A	For	For	Management
	DIRECTOR
5	TO ELECT PROF. MOSHE MANY AS A DIRECTOR.	For	For	Management
6	TO ELECT DAN PROPPER AS A DIRECTOR.	For	For	Management
7	TO APPROVE THE PURCHASE OF DIRECTORS AND For		For	Management
	OFFICERS LIABILITY INSURANCE FOR THE
	DIRECTORS AND OFFICERS OF THE COMPANY AND
	ITS SUBSIDIARIES, ALL AS FULLY DESCRIBED
	IN THE PROXY STATEMENT.
8	TO APPOINT KESSELMAN & KESSELMAN, A	For	For	Management
	MEMBER OF PRICEWATERHOUSECOOPERS
	INTERNATIONAL LTD., AS THE COMPANY S
	INDEPENDENT REGISTERED PUBLIC ACCOUNTING
	FIRM UNTIL THE 2008 ANNUAL MEETING OF
	SHAREHOLDERS AND TO AUTHORIZE THE AUDIT
	COMMITTEE TO DETERMINE THEIR

--------------------------------------------------------------------------------

TEVA PHARMACEUTICAL INDUSTRIES LTD.
Ticker:		TEVA	Security ID: 881624209
Meeting Date: JUN 29, 2008			Meeting Type: Annual
Record Date: MAY 22, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Accept Financial Statements and Statutory For				For	Management
	Reports
2	Approve Final Dividend of NIS 1.60 Per			For	For	Management
	Share
3	Elect Eli Hurvitz as Director			For	For	Management
4	Elect Ruth Cheshin as Director			For	For	Management
5	Elect Harold Snyder as Director			For	For	Management
6	Elect Joseph (Yosi) Nitzani as Director			For	For	Management
7	Elect Ory Slonim as Director			For	For	Management
8	Appoint Leora (Rubin) Meridor as External For				For	Management
	Director
9	Approve Director/Officer Liability and			For	For	Management
	Indemnification Insurance
10	Approve Remuneration of Directors			For	For	Management
11	Approve Employee Stock Purchase Plan			For	For	Management
12	Approve Kesselman & Kesselman as Auditors For				For	Management
	and Authorize Board to Fix Their
	Remuneration

--------------------------------------------------------------------------------

TIME WARNER INC

Ticker:		TWX	Security ID: 887317105
Meeting Date: MAY 16, 2008			Meeting Type: Annual
Record Date: MAR 21, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director James L. Barksdale			For	For	Management
2	Elect Director Jeffrey L. Bewkes			For	For	Management
3	Elect Director Stephen F. Bollenbach			For	For	Management
4	Elect Director Frank J. Caufield			For	For	Management
5	Elect Director Robert C. Clark			For	For	Management
6	Elect Director Mathias Dopfner			For	For	Management
7	Elect Director Jessica P. Einhorn			For	For	Management
8	Elect Director Reuben Mark			For	For	Management
9	Elect Director Michael A. Miles			For	For	Management
10	Elect Director Kenneth J. Novack			For	For	Management
11	Elect Director Richard D. Parsons			For	For	Management
12	Elect Director Deborah C. Wright			For	For	Management
13	Eliminate Supermajority Vote Requirement			For	For	Management
14	Amend Executive Incentive Bonus Plan			For	For	Management
15	Ratify Auditors			For	For	Management
16	Require Independent Board Chairman			Against	For	Shareholder

--------------------------------------------------------------------------------

UNION PACIFIC CORP.
Ticker:		UNP	Security ID:	907818108
Meeting Date: MAY 1, 2008			Meeting Type: Annual
Record Date: FEB 21, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Andrew H. Card, Jr.			For	For	Management
2	Elect Director Erroll B. Davis, Jr.			For	For	Management
3	Elect Director Thomas J. Donohue			For	For	Management
4	Elect Director Archie W. Dunham			For	For	Management
5	Elect Director Judith Richards Hope			For	For	Management
6	Elect Director Charles C. Krulak			For	For	Management
7	Elect Director Michael W. McConnell			For	For	Management
8	Elect Director Thomas F. McLarty III			For	For	Management
9	Elect Director Steven R. Rogel			For	For	Management
10	Elect Director James R. Young			For	For	Management
11	Ratify Auditors			For	For	Management
12	Increase Authorized Common Stock			For	For	Management
13	Report on Political Contributions			Against	For	Shareholder

--------------------------------------------------------------------------------

UNITED STATES STEEL CORP.
Ticker:		X		Security ID: 912909108
Meeting Date: APR			29, 2008	Meeting Type: Annual
Record Date: FEB			29, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor

1.1	Elect Director Richard A. Gephardt	For	For	Management
1.2	Elect Director Glenda G. McNeal	For	For	Management
1.3	Elect Director Patricia A. Tracey	For	For	Management
1.4	Elect Director Graham B. Spanier	For	For	Management
2	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

UNUM GROUP
Ticker:		UNM	Security ID: 91529Y106
Meeting Date: MAY 22, 2008			Meeting Type: Annual
Record Date: MAR 24, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Jon S. Fossel			For	For	Management
2	Elect Director Gloria C. Larson			For	For	Management
3	Elect Director William J. Ryan			For	For	Management
4	Elect Director Thomas R. Watjen			For	For	Management
5	Approve Executive Incentive Bonus Plan			For	For	Management
6	Approve Nonqualified Employee Stock			For	For	Management
	Purchase Plan
7	Approve Nonqualified Employee Stock			For	For	Management
	Purchase Plan
8	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

VERIZON COMMUNICATIONS
Ticker:		VZ	Security ID: 92343V104
Meeting Date: MAY 1, 2008			Meeting Type: Annual
Record Date: MAR 3, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Richard L. Carrion			For	For	Management
2	Elect Director M. Frances Keeth			For	For	Management
3	Elect Director Robert W. Lane			For	For	Management
4	Elect Director Sandra O. Moose			For	For	Management
5	Elect Director Joseph Neubauer			For	For	Management
6	Elect Director Donald T. Nicolaisen			For	For	Management
7	Elect Director Thomas H. O'Brien			For	For	Management
8	Elect Director Clarence Otis, Jr.			For	For	Management
9	Elect Director Hugh B. Price			For	For	Management
10	Elect Director Ivan G. Seidenberg			For	For	Management
11	Elect Director John W. Snow			For	For	Management
12	Elect Director John R. Stafford			For	For	Management
13	Ratify Auditors			For	For	Management
14	Prohibit Executive Stock-Based Awards			Against	Against	Shareholder
15	Amend EEO Policy to Prohibit			Against	Against	Shareholder
	Discrimination based on Gender Identity
16	Require Independent Board Chairman			Against	Against	Shareholder

--------------------------------------------------------------------------------

VF CORP.
Ticker:		VFC	Security ID:	918204108
Meeting Date: APR 22, 2008			Meeting Type: Annual
Record Date: MAR 4, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Mackey J. McDonald			For	For	Management
1.2	Elect Director Barbara S. Feigin			For	For	Management
1.3	Elect Director Juan Ernesto de Bedout			For	For	Management
1.4	Elect Director Ursula O. Fairbairn			For	For	Management
1.5	Elect Director Eric C. Wiseman			For	For	Management
2	Amend Executive Incentive Bonus Plan			For	For	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

VODAFONE GROUP PLC
Ticker:		VOD	Security ID: 92857W209
Meeting Date: JUL 24, 2007			Meeting Type: Annual
Record Date: JUN 13, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	TO RECEIVE THE REPORT OF THE DIRECTORS			For	For	Management
	AND FINANCIAL STATEMENTS FOR THE YEAR
	ENDED 31 MARCH 2007.
2	TO RE-ELECT SIR JOHN BOND AS A DIRECTOR			For	For	Management
	(MEMBER OF THE NOMINATIONS AND GOVERNANCE
	COMMITTEE)
3	TO RE-ELECT ARUN SARIN AS A DIRECTOR			For	For	Management
	(MEMBER OF THE NOMINATIONS AND GOVERNANCE
	COMMITTEE)
4	TO RE-ELECT DR MICHAEL BOSKIN AS A			For	Against	Management
	DIRECTOR (MEMBER OF THE AUDIT COMMITTEE)
	(MEMBER OF THE REMUNERATION COMMITTEE)
5	TO RE-ELECT JOHN BUCHANAN AS A DIRECTOR			For	For	Management
	(MEMBER OF THE AUDIT COMMITTEE) (MEMBER
	OF THE NOMINATIONS AND GOVERNANCE
	COMMITTEE)
6	TO RE-ELECT ANDY HALFORD AS A DIRECTOR			For	For	Management
7	TO RE-ELECT ANNE LAUVERGEON AS A DIRECTOR For				For	Management
	(MEMBER OF THE AUDIT COMMITTEE)
8	TO RE-ELECT PROFESSOR JURGEN SCHREMPP AS			For	For	Management
	A DIRECTOR (MEMBER OF THE NOMINATIONS AND
	GOVERNANCE COMMITTEE) (MEMBER OF THE
	REMUNERATION COMMITTEE)
9	TO RE-ELECT LUC VANDEVELDE AS A DIRECTOR			For	For	Management
	(MEMBER OF THE NOMINATIONS AND GOVERNANCE
	COMMITTEE) (MEMBER OF THE REMUNERATION
	COMMITTEE)
10	TO RE-ELECT ANTHONY WATSON AS A DIRECTOR			For	For	Management
	(MEMBER OF THE REMUNERATION COMMITTEE)
11	TO RE-ELECT PHILIP YEA AS A DIRECTOR			For	For	Management
	(MEMBER OF THE REMUNERATION COMMITTEE)

12	TO ELECT VITTORIO COLAO AS A DIRECTOR	For	For	Management
13	TO ELECT ALAN JEBSON AS A DIRECTOR	For	For	Management
14	TO ELECT NICK LAND AS A DIRECTOR	For	For	Management
15	TO ELECT SIMON MURRAY AS A DIRECTOR	For	For	Management
16	TO APPROVE A FINAL DIVIDEND OF 4.41P PER	For	For	Management
	ORDINARY SHARE
17	TO APPROVE THE REMUNERATION REPORT	For	For	Management
18	Ratify Auditors	For	For	Management
19	TO AUTHORISE THE AUDIT COMMITTEE TO	For	For	Management
	DETERMINE THE REMUNERATION OF THE
	AUDITORS
20	TO RENEW THE AUTHORITY TO ALLOT SHARES	For	For	Management
	UNDER ARTICLE 16.2 OF THE COMPANY S
	ARTICLES OF ASSOCIATION
21	TO RENEW THE AUTHORITY TO DIS-APPLY	For	For	Management
	PRE-EMPTION RIGHTS UNDER ARTICLE 16.3 OF
	THE COMPANY S ARTICLES OF ASSOCIATION
	(SPECIAL RESOLUTION)
22	TO AUTHORISE THE COMPANY S PURCHASE OF	For	For	Management
	ITS OWN SHARES (SECTION 166, COMPANIES
	ACT 1985) (SPECIAL RESOLUTION)
23	TO AUTHORISE THE COMPANY TO SEND OR	For	For	Management
	SUPPLY DOCUMENTS OR INFORMATION TO
	SHAREHOLDERS IN ELECTRONIC FORM OR BY
	MEANS OF A WEBSITE (SPECIAL RESOLUTION)
24	TO ADOPT NEW ARTICLES OF ASSOCIATION	For	For	Management
	(SPECIAL RESOLUTION)
25	TO AMEND ARTICLE 114.1 OF THE COMPANY S	Against	Against	Management
	ARTICLES OF ASSOCIATION (SPECIAL
	RESOLUTION)
26	TO SEPARATE OUT THE COMPANY S 45%	Against	Against	Management
	INTEREST IN VERIZON WIRELESS FROM ITS
	OTHER ASSETS BY TRACKING SHARES OR SPIN
	OFF
27	TO ISSUE COMPANY BONDS DIRECTLY TO	Against	Against	Management
	SHAREHOLDERS, INCREASING THE GROUP S
	INDEBTEDNESS
28	TO AMEND THE COMPANY S ARTICLES OF	Against	Against	Management
	ASSOCIATION TO LIMIT THE COMPANY S
	ABILITY TO MAKE ACQUISITIONS WITHOUT
	APPROVAL BY SPECIAL RESOLUTION (SPECIAL
	RESOLUTION)

--------------------------------------------------------------------------------

VORNADO REALTY TRUST
Ticker:		VNO	Security ID:	929042109
Meeting Date: MAY 15, 2008			Meeting Type: Annual
Record Date: MAR 14, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Trustee Anthony W. Deering			For	For	Management
1.2	Elect Trustee Michael Lynne			For	For	Management
1.3	Elect Trustee Robert H. Smith			For	For	Management
1.4	Elect Trustee Ronald G. Targan			For	For	Management

2	Ratify Auditors	For	For	Management
3	Require a Majority Vote for the Election	Against	For	Shareholder
	of Trustees

--------------------------------------------------------------------------------

VULCAN MATERIALS CO.
Ticker:		VMC	Security ID: 929160109
Meeting Date: MAY 9, 2008			Meeting Type: Annual
Record Date: MAR 14, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Donald M. James			For	For	Management
1.2	Elect Director Ann McLaughlin Korologos			For	For	Management
1.3	Elect Director Philip J. Carroll, Jr.			For	Withhold	Management
1.4	Elect Director Orin R. Smith			For	For	Management
2	Ratify Auditors			For	For	Management
3	Adopt the Legacy Vulcan Corp. Restated			For	For	Management
	Certificate of Incorporation

--------------------------------------------------------------------------------

WAL-MART STORES, INC.
Ticker:		WMT	Security ID: 931142103
Meeting Date: JUN 6, 2008			Meeting Type: Annual
Record Date: APR 10, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Aida M. Alvarez			For	For	Management
2	Elect Director James W. Breyer			For	For	Management
3	Elect Director M. Michele Burns			For	For	Management
4	Elect Director James I. Cash, Jr.			For	For	Management
5	Elect Director Roger C. Corbett			For	For	Management
6	Elect Director Douglas N. Daft			For	For	Management
7	Elect Director David D. Glass			For	For	Management
8	Elect Director Gregory B. Penner			For	For	Management
9	Elect Director Allen I. Questrom			For	For	Management
10	Elect Director H. Lee Scott, Jr.			For	For	Management
11	Elect Director Arne M. Sorenson			For	For	Management
12	Elect Director Jim C. Walton			For	For	Management
13	Elect Director S. Robson Walton			For	For	Management
14	Elect Director Christopher J. Williams			For	For	Management
15	Elect Director Linda S. Wolf			For	For	Management
16	Approve Executive Incentive Bonus Plan			For	For	Management
17	Ratify Auditors			For	For	Management
18	Amend EEO Policy to Prohibit			Against	Against	Shareholder
	Discrimination based on Sexual
	Orientation and Gender Identity
19	Pay For Superior Performance			Against	For	Shareholder
20	Claw-back of Payments under Restatements			Against	Against	Shareholder
21	Amend Bylaws to Establish a Board			Against	Against	Shareholder
	Committee on Human Rights
22	Advisory Vote to Ratify Named Executive			Against	For	Shareholder

	Officers' Compensation
23	Report on Political Contributions	Against	For	Shareholder
24	Report on Social and Reputation Impact of Against		Against	Shareholder
	Failure to Comply with ILO Conventions
25	Amend Articles/Bylaws/Charter -- Call	Against	For	Shareholder
	Special Meetings

--------------------------------------------------------------------------------

WASTE MANAGEMENT, INC.
Ticker:		WMI	Security ID: 94106L109
Meeting Date: MAY 9, 2008			Meeting Type: Annual
Record Date: MAR 12, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Pastora San Juan Cafferty			For	For	Management
2	Elect Director Frank M. Clark, Jr.			For	For	Management
3	Elect Director Patrick W. Gross			For	For	Management
4	Elect Director Thomas I. Morgan			For	For	Management
5	Elect Director John C. Pope			For	For	Management
6	Elect Director W. Robert Reum			For	For	Management
7	Elect Director Steven G. Rothmeier			For	For	Management
8	Elect Director David P. Steiner			For	For	Management
9	Elect Director Thomas H. Weidemeyer			For	For	Management
10	Ratify Auditors			For	For	Management
11	Repot on Political Contributions			Against	For	Shareholder

--------------------------------------------------------------------------------

WELLS FARGO AND COMPANY
Ticker:		WFC	Security ID:	949746101
Meeting Date: APR 29, 2008			Meeting Type: Annual
Record Date: FEB 29, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director John S. Chen			For	For	Management
2	Elect Director Lloyd H. Dean			For	For	Management
3	Elect Director Susan E. Engel			For	For	Management
4	Elect Director Enrique Hernandez, Jr.			For	For	Management
5	Elect Director Robert L. Joss			For	For	Management
6	Elect Director Richard M. Kovacevich			For	For	Management
7	Elect Director Richard D. McCormick			For	For	Management
8	Elect Director Cynthia H. Milligan			For	Against	Management
9	Elect Director Nicholas G. Moore			For	For	Management
10	Elect Director Philip J. Quigley			For	Against	Management
11	Elect Director Donald B. Rice			For	Against	Management
12	Elect Director Judith M. Runstad			For	For	Management
13	Elect Director Stephen W. Sanger			For	For	Management
14	Elect Director John G. Stumpf			For	For	Management
15	Elect Director Susan G. Swenson			For	For	Management
16	Elect Director Michael W. Wright			For	Against	Management
17	Ratify Auditors			For	For	Management
18	Amend Executive Incentive Bonus Plan			For	For	Management

19	Amend Omnibus Stock Plan	For	For	Management
20	Require Independent Board Chairman	Against	For	Shareholder
21	Advisory Vote to Ratify Named Executive	Against	For	Shareholder
	Officers' Compensation
22	Pay For Superior Performance	Against	For	Shareholder
23	Report on Human Rights Investment	Against	Against	Shareholder
	Policies
24	Adopt EEO Policy Without Reference to	Against	Against	Shareholder
	Sexual Orientation
25	Report on Racial and Ethnic Disparities	Against	Against	Shareholder
	in Loan Pricing

--------------------------------------------------------------------------------

WEYERHAEUSER CO.
Ticker:		WY	Security ID:	962166104
Meeting Date: APR 17, 2008			Meeting Type: Annual
Record Date: FEB 22, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director John I. Kieckhefer			For	Against	Management
2	Elect Director Arnold G. Langbo			For	Against	Management
3	Elect Director Charles R. Williamson			For	Against	Management
4	Require Independent Board Chairman			Against	For	Shareholder
5	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

WILLIAMS COMPANIES, INC., THE
Ticker:		WMB	Security ID:	969457100
Meeting Date: MAY 15, 2008			Meeting Type: Annual
Record Date: MAR 24, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Joseph R. Cleveland			For	For	Management
2	Elect Director Juanita H. Hinshaw			For	For	Management
3	Elect Director Frank T. Macinnis			For	For	Management
4	Elect Director Steven J. Malcolm			For	For	Management
5	Elect Director Janice D. Stoney			For	For	Management
6	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

WINDSTREAM CORP.
Ticker:		WIN		Security ID:	97381W104
Meeting Date: MAY			8, 2008	Meeting Type: Annual
Record Date:		MAR	14, 2008
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Carol B. Armitage				For	For	Management
1.2	Elect Director Samuel E. Beall, III				For	For	Management

1.3	Elect Director Dennis E. Foster	For	For	Management
1.4	Elect Director Francis X. Frantz	For	For	Management
1.5	Elect Director Jeffery R. Gardner	For	For	Management
1.6	Elect Director Jeffrey T. Hinson	For	For	Management
1.7	Elect Director Judy K. Jones	For	For	Management
1.8	Elect Director William A. Montgomery	For	For	Management
1.9	Elect Director Frank E. Reed	For	For	Management
2	Ratify Auditors	For	For	Management
3	Advisory Vote to Ratify Named Executive	Against	For	Shareholder
	Officers' Compensation

--------------------------------------------------------------------------------

WYETH
Ticker:		WYE	Security ID: 983024100
Meeting Date: APR 24, 2008			Meeting Type: Annual
Record Date: MAR 3, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Robert M. Amen			For	For	Management
2	Elect Director Michael J. Critelli			For	For	Management
3	Elect Director Robert Essner			For	For	Management
4	Elect Director John D. Feerick			For	For	Management
5	Elect Director Frances D. Fergusson			For	For	Management
6	Elect Director Victor F. Ganzi			For	For	Management
7	Elect Director Robert Langer			For	For	Management
8	Elect Director John P. Mascotte			For	For	Management
9	Elect Director Raymond J. McGuire			For	For	Management
10	Elect Director Mary Lake Polan			For	For	Management
11	Elect Director Bernard Poussot			For	For	Management
12	Elect Director Gary L. Rogers			For	For	Management
13	Elect Director John R. Torell III			For	For	Management
14	Ratify Auditors			For	For	Management
15	Amend Omnibus Stock Plan			For	For	Management
16	Amend Non-Employee Director Restricted			For	For	Management
	Stock Plan
17	Report on Political Contributions			Against	For	Shareholder
18	Claw-back of Payments under Restatements			Against	Against	Shareholder

--------------------------------------------------------------------------------

XCEL ENERGY INC.
Ticker:		XEL	Security ID:	98389B100
Meeting Date: MAY 21, 2008			Meeting Type: Annual
Record Date: MAR 25, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director C. Coney Burgess			For	For	Management
1.2	Elect Director Fredric W. Corrigan			For	For	Management
1.3	Elect Director Richard K. Davis			For	For	Management
1.4	Elect Director Roger R. Hemminghaus			For	For	Management
1.5	Elect Director A. Barry Hirschfeld			For	For	Management
1.6	Elect Director Richard C. Kelly			For	For	Management

1.7	Elect Director Douglas W. Leatherdale	For	For	Management
1.8	Elect Director Albert F. Moreno	For	For	Management
1.9	Elect Director Margaret R. Preska	For	For	Management
1.10	Elect Director A. Patricia Sampson	For	For	Management
1.11	Elect Director Richard H. Truly	For	For	Management
1.12	Elect Director David A. Westerlund	For	For	Management
1.13	Elect Director Timothy V. Wolf	For	For	Management
2	Ratify Auditors	For	For	Management
3	Adopt Majority Voting for Uncontested	For	For	Management
	Election of Directors
4	Require Independent Board Chairman	Against	Against	Shareholder
5	Adopt Principles for Health Care Reform	Against	Against	Shareholder

============================== HIGH YIELD FUND					==============================
AMERICAN ORIENTAL BIOENGINEERING, INC.
Ticker:		AOB	Security ID:	028731107
Meeting Date: DEC 3, 2007			Meeting Type: Annual
Record Date: OCT 5, 2007
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Tony Liu				For	For	Management
1.2	Elect Director Jun Min				For	For	Management
1.3	Elect Director Yanchun Li				For	For	Management
1.4	Elect Director Binsheng Li				For	For	Management
1.5	Elect Director Cosimo J. Patti				For	For	Management
1.6	Elect Director Xianmin Wang				For	For	Management
1.7	Elect Director Eileen Bridget Brody				For	For	Management
1.8	Elect Director Lawrence S. Wizel				For	For	Management
1.9	Elect Director Baiqing Zhang				For	For	Management
2	Ratify Auditors				For	For	Management

--------------------------------------------------------------------------------

B&G FOODS, INC.
Ticker:		BGS	Security ID: 05508R205
Meeting Date: MAY 6, 2008			Meeting Type: Annual
Record Date: MAR 21, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Robert C. Cantwell			For	For	Management
1.2	Elect Director James R. Chambers			For	For	Management
1.3	Elect Director Cynthia T. Jamison			For	For	Management
1.4	Elect Director Dennis M. Mullen			For	For	Management
1.5	Elect Director Alfred Poe			For	For	Management
1.6	Elect Director Stephen C. Sherrill			For	For	Management
1.7	Elect Director David L. Wenner			For	For	Management
2	Ratify Auditors			For	For	Management
3	Approve Omnibus Stock Plan			For	For	Management

--------------------------------------------------------------------------------

ICO GLOBAL COMMUNICATIONS HOLDINGS

Ticker:		ICOG	Security ID: 44930K108
Meeting Date: JUN 6, 2008			Meeting Type: Annual
Record Date: APR 15, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Craig O. McCaw			For	Withhold	Management
1.2	Elect Director J. Timothy Bryan			For	Withhold	Management
1.3	Elect Director Donna P. Alderman			For	Withhold	Management
1.4	Elect Director Samuel L. Ginn			For	For	Management
1.5	Elect Director Barry L. Rowan			For	For	Management
1.6	Elect Director R. Gerard Salemme			For	Withhold	Management
1.7	Elect Director H. Brian Thompson			For	For	Management
1.8	Elect Director David Wasserman			For	Withhold	Management
1.9	Elect Director Benjamin G. Wolff			For	Withhold	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

OMEGA HEALTHCARE INVESTORS, INC.

Ticker:		OHI	Security ID:	681936100
Meeting Date: MAY 22, 2008			Meeting Type: Annual
Record Date:		APR 14, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Harold J. Kloosterman			For	For	Management
1.2	Elect Director C. Taylor Pickett			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Omnibus Stock Plan			For	For	Management

--------------------------------------------------------------------------------

TIME WARNER CABLE INC.
Ticker:		TWC	Security ID:	88732J108
Meeting Date: MAY 29, 2008			Meeting Type: Annual
Record Date:		APR 2, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director David C. Chang			For	For	Management
1.2	Elect Director James E. Copeland, Jr.			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

VION PHARMACEUTICALS, INC.
Ticker:	VION	Security ID: 927624106
Meeting Date: FEB 13, 2008		Meeting Type: Special

Record Date: DEC 21, 2007
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Approve Reverse Stock Split	For	For	Management

--------------------------------------------------------------------------------

ZHONGPIN INC.
Ticker:		HOGS	Security ID: 98952K107
Meeting Date: JUN 26, 2008			Meeting Type: Annual
Record Date: APR 28, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	ELECTION OF DIRECTOR: XIANFU ZHU			For	For	Management
2	ELECTION OF DIRECTOR: BAOKE BEN			For	For	Management
3	ELECTION OF DIRECTOR: MIN CHEN			For	For	Management
4	ELECTION OF DIRECTOR: RAYMOND LEAL			For	For	Management
5	ELECTION OF DIRECTOR: YAOGUO PAN			For	For	Management
6	APPROVE AND RATIFY AN AMENDMENT TO OUR			For	Against	Management
	AMENDED AND RESTATED 2006 EQUITY
	INCENTIVE PLAN TO INCREASE THE NUMBER OF
	SHARES OF OUR COMMON STOCK ISSUABLE
	THEREUNDER BY 700,000 SHARES.
7	Ratify Auditors			For	Against	Management

============================== MIDCAP STOCK FUND ===============================

A.G. EDWARDS, INC.
Ticker:		AGE		Security ID:	281760108
Meeting Date: SEP			28, 2007	Meeting Type: Special
Record Date: AUG			13, 2007
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1	Approve Merger Agreement				For	For	Management
2	Adjourn Meeting				For	For	Management

--------------------------------------------------------------------------------

ALEXANDRIA REAL ESTATE EQUITIES, INC.

Ticker:		ARE	Security ID:	015271109
Meeting Date: MAY 22, 2008			Meeting Type: Annual
Record Date:		MAR 31, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Joel S. Marcus			For	For	Management
1.2	Elect Director James H. Richardson			For	For	Management
1.3	Elect Director Richard B. Jennings			For	For	Management
1.4	Elect Director John L. Atkins, III			For	For	Management

1.5	Elect Director Richard H. Klein	For	For	Management
1.6	Elect Director Martin A. Simonetti	For	For	Management
1.7	Elect Director Alan G. Walton	For	For	Management
2	Amend Omnibus Stock Plan	For	For	Management
3	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

ALLIED WASTE INDUSTRIES, INC.
Ticker:		AW	Security ID:	019589308
Meeting Date: MAY 22, 2008			Meeting Type: Annual
Record Date: MAR 24, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director David P. Abney			For	For	Management
1.2	Elect Director Charles H. Cotros			For	For	Management
1.3	Elect Director James W. Crownover			For	For	Management
1.4	Elect Director William J. Flynn			For	For	Management
1.5	Elect Director David I. Foley			For	For	Management
1.6	Elect Director Nolan Lehmann			For	For	Management
1.7	Elect Director Leon J. Level			For	For	Management
1.8	Elect Director James A. Quella			For	Withhold	Management
1.9	Elect Director John M. Trani			For	For	Management
1.10	Elect Director John J. Zillmer			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

AMERISOURCEBERGEN CORP
Ticker:		ABC	Security ID:	03073E105
Meeting Date: FEB 28, 2008			Meeting Type: Annual
Record Date: DEC 31, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Charles H. Cotros			For	For	Management
2	Elect Director Jane E. Henney			For	For	Management
3	Elect Director R. David Yost			For	For	Management
4	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

AMR CORP.
Ticker:		AMR	Security ID:	001765106
Meeting Date: MAY 21, 2008			Meeting Type: Annual
Record Date:		MAR 24, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Gerard J. Arpey			For	For	Management
1.2	Elect Director John W. Bachmann			For	For	Management
1.3	Elect Director David L. Boren			For	For	Management
1.4	Elect Director Armando M. Codina			For	For	Management

1.5	Elect Director Rajat K. Gupta	For	For	Management
1.6	Elect Director Alberto Ibarguen	For	For	Management
1.7	Elect Director Ann M. Korologos	For	For	Management
1.8	Elect Director Michael A. Miles	For	For	Management
1.9	Elect Director Philip J. Purcell	For	For	Management
1.10	Elect Director Ray M. Robinson	For	For	Management
1.11	Elect Director Judith Rodin	For	For	Management
1.12	Elect Director Matthew K. Rose	For	For	Management
1.13	Elect Director Roger T. Staubach	For	For	Management
2	Ratify Auditors	For	For	Management
3	Provide for Cumulative Voting	Against	For	Shareholder
4	Amend Articles/Bylaws/Charter -- Call	Against	For	Shareholder
	Special Meetings
5	Require Independent Board Chairman	Against	For	Shareholder
6	Advisory Vote to Ratify Named Executive	Against	For	Shareholder
	Officers' Compensation

--------------------------------------------------------------------------------

ARROW ELECTRONICS, INC.
Ticker:		ARW	Security ID:	042735100
Meeting Date: MAY 2, 2008			Meeting Type: Annual
Record Date: MAR 12, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Daniel W. Duval			For	For	Management
1.2	Elect Director Gail E. Hamilton			For	For	Management
1.3	Elect Director John N. Hanson			For	For	Management
1.4	Elect Director Richard S. Hill			For	For	Management
1.5	Elect Director M.F. (Fran) Keeth			For	For	Management
1.6	Elect Director Roger King			For	For	Management
1.7	Elect Director Michael J. Long			For	For	Management
1.8	Elect Director Karen Gordon Mills			For	For	Management
1.9	Elect Director William E. Mitchell			For	For	Management
1.10	Elect Director Stephen C. Patrick			For	For	Management
1.11	Elect Director Barry W. Perry			For	For	Management
1.12	Elect Director John C. Waddell			For	Withhold	Management
2	Ratify Auditors			For	For	Management
3	Amend Omnibus Stock Plan			For	For	Management

--------------------------------------------------------------------------------

BMC SOFTWARE, INC.
Ticker:		BMC	Security ID:	055921100
Meeting Date: AUG 21, 2007			Meeting Type: Annual
Record Date: JUL 6, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director B. Garland Cupp			For	For	Management
1.2	Elect Director Robert E. Beauchamp			For	For	Management
1.3	Elect Director Jon E. Barfield			For	For	Management
1.4	Elect Director Meldon K. Gafner			For	For	Management
1.5	Elect Director Lew W. Gray			For	For	Management

1.6	Elect Director P. Thomas Jenkins	For	For	Management
1.7	Elect Director Kathleen A. O'Neil	For	For	Management
1.8	Elect Director George F. Raymond	For	For	Management
1.9	Elect Director Thomas J. Smach	For	For	Management
1.10	Elect Director Tom C. Tinsley	For	For	Management
2	Ratify Auditors	For	For	Management
3	Approve Omnibus Stock Plan	For	For	Management

--------------------------------------------------------------------------------

CABOT CORP.
Ticker:		CBT	Security ID:	127055101
Meeting Date: MAR 13, 2008			Meeting Type: Annual
Record Date: JAN 16, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Juan Enriquez-Cabot			For	For	Management
2	Elect Director Arthur L. Goldstein			For	For	Management
3	Elect Director Gautam S. Kaji			For	For	Management
4	Elect Director Henry F. McCance			For	For	Management
5	Elect Director Patrick M. Prevost			For	For	Management
6	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

CIMAREX ENERGY CO
Ticker:		XEC		Security ID:	171798101
Meeting Date: MAY			21, 2008	Meeting Type: Annual
Record Date: MAR			26, 2008
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1	Elect Director David A. Hentschel				For	For	Management
2	Elect Director F. H. Merelli				For	For	Management
3	Elect Director L. Paul Teague				For	For	Management
4	Ratify Auditors				For	For	Management

--------------------------------------------------------------------------------

CONTINENTAL AIRLINES, INC.
Ticker:		CAL	Security ID: 210795308
Meeting Date: JUN 11, 2008			Meeting Type: Annual
Record Date: APR 15, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Kirbyjon H. Caldwell			For	For	Management
1.2	Elect Director Lawrence W. Kellner			For	For	Management
1.3	Elect Director Douglas H. McCorkindale			For	For	Management
1.4	Elect Director Henry L. Meyer III			For	For	Management
1.5	Elect Director Oscar Munoz			For	For	Management
1.6	Elect Director George G.C. Parker			For	For	Management
1.7	Elect Director Jeffery A. Smisek			For	For	Management

1.8	Elect Director Karen Hastie Williams	For	For	Management
1.9	Elect Director Ronald B. Woodard	For	For	Management
1.10	Elect Director Charles A. Yamarone	For	For	Management
2	Ratify Auditors	For	For	Management
3	Affirm Political Nonpartisanship	Against	Against	Shareholder
4	Amend Articles/Bylaws/Charter -- Call	Against	For	Shareholder
	Special Meetings
5	Submit Severance Agreement (Change in	Against	For	Shareholder
	Control) to Shareholder Vote
6	Note from Broadridge: Please vote ABSTAIN None		Abstain	Management
	if Stock Owned of Record or Beneficially
	by You is Owned and Controlled Only By
	U.S. Citizens, Or vote FOR if Such Stock
	is Owned or Controlled By any Person Who
	is Not a U.S. Citizen

--------------------------------------------------------------------------------

COVANCE INC.
Ticker:		CVD		Security ID:	222816100
Meeting Date: MAY			8, 2008	Meeting Type: Annual
Record Date: MAR			18, 2008
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Kathleen G. Bang				For	For	Management
1.2	Elect Director Gary E. Costley, Ph.D.				For	For	Management
2	Approve Non-Employee Director Stock				For	For	Management
	Option Plan
3	Ratify Auditors				For	For	Management

--------------------------------------------------------------------------------

CULLEN/FROST BANKERS, INC.
Ticker:		CFR	Security ID:	229899109
Meeting Date: APR 24, 2008			Meeting Type: Annual
Record Date: MAR 7, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director R. Denny Alexander			For	For	Management
1.2	Elect Director Carlos Alvarez			For	For	Management
1.3	Elect Director Royce S. Caldwell			For	For	Management
1.4	Elect Director Ida Clement Steen			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

DEAN FOODS COMPANY

Ticker:	DF		Security ID: 242370104
Meeting Date: MAY		22, 2008	Meeting Type: Annual
Record Date:	MAR	25, 2008

#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Tom C. Davis	For	For	Management
1.2	Elect Director Stephen L. Green	For	For	Management
1.3	Elect Director Joseph S. Hardin, Jr.	For	For	Management
1.4	Elect Director John R. Muse	For	For	Management
2	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

DTE ENERGY CO.
Ticker:		DTE	Security ID:	233331107
Meeting Date: MAY 15, 2008			Meeting Type: Annual
Record Date: MAR 19, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Lillian Bauder			For	For	Management
1.2	Elect Director W. Frank Fountain, Jr.			For	For	Management
1.3	Elect Director Josue Robles, Jr.			For	For	Management
1.4	Elect Director James H. Vandenberghe			For	For	Management
1.5	Elect Director Ruth G. Shaw			For	For	Management
2	Ratify Auditors			For	For	Management
3	Report on Political Contributions			Against	For	Shareholder

--------------------------------------------------------------------------------

EDWARDS LIFESCIENCES CORPORATION

Ticker:		EW	Security ID:	28176E108
Meeting Date: MAY 8, 2008			Meeting Type: Annual
Record Date: MAR 14, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director John T. Cardis			For	For	Management
2	Elect Director Philip M. Neal			For	For	Management
3	Elect Director David E.I. Pyott			For	For	Management
4	Amend Omnibus Stock Plan			For	For	Management
5	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

ELECTRONICS FOR IMAGING, INC.
Ticker:		EFII	Security ID:	286082102
Meeting Date: DEC 14, 2007			Meeting Type: Annual
Record Date: OCT 25, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Gill Cogan			For	For	Management
1.2	Elect Director Guy Gecht			For	For	Management
1.3	Elect Director James S. Greene			For	For	Management
1.4	Elect Director Dan Maydan			For	For	Management
1.5	Elect Director Fred Rosenzweig			For	For	Management
1.6	Elect Director Christopher B. Paisley			For	For	Management

2	Ratify Auditors	For	For	Management
3	Approve Omnibus Stock Plan	For	For	Management

--------------------------------------------------------------------------------

ELECTRONICS FOR IMAGING, INC.
Ticker:		EFII	Security ID:	286082102
Meeting Date: MAY 20, 2008			Meeting Type: Annual
Record Date: APR 17, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Gill Cogan			For	For	Management
1.2	Elect Director Guy Gecht			For	For	Management
1.3	Elect Director Thomas Georgens			For	For	Management
1.4	Elect Director James S. Greene			For	For	Management
1.5	Elect Director Richard A. Kashnow			For	For	Management
1.6	Elect Director Dan Maydan			For	For	Management
1.7	Elect Director Fred Rosenzweig			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

ESTEE LAUDER COMPANIES INC., THE
Ticker:		EL	Security ID:	518439104
Meeting Date: NOV 9, 2007			Meeting Type: Annual
Record Date: SEP 14, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Aerin Lauder			For	For	Management
1.2	Elect Director William P. Lauder			For	For	Management
1.3	Elect Director Lynn Forester de			For	For	Management
	Rothschild
1.4	Elect Director Richard D. Parsons			For	Withhold	Management
2	Amend Non-Employee Director Omnibus Stock For				Against	Management
	Plan
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

FIDELITY NATIONAL FINANCIAL, INC.

Ticker:		FNF	Security ID:	31620R105
Meeting Date: MAY 29, 2008			Meeting Type: Annual
Record Date: MAR 31, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director William P. Foley, II			For	For	Management
1.2	Elect Director Douglas K. Ammerman			For	For	Management
1.3	Elect Director Thomas M. Hagerty			For	For	Management
1.4	Elect Director Peter O. Shea, Jr.			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Omnibus Stock Plan			For	For	Management

--------------------------------------------------------------------------------

FIDELITY NATIONAL INFORMATION SERVICES INC

Ticker:		FIS	Security ID:	31620M106
Meeting Date: MAY 29, 2008			Meeting Type: Annual
Record Date: MAR 31, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Marshall Haines			For	For	Management
1.2	Elect Director David K. Hunt			For	For	Management
1.3	Elect Director Cary H. Thompson			For	For	Management
2	Ratify Auditors			For	For	Management
3	Approve Omnibus Stock Plan			For	For	Management

--------------------------------------------------------------------------------

GENERAL GROWTH PROPERTIES, INC.

Ticker:		GGP		Security ID:	370021107
Meeting Date: MAY			14, 2008	Meeting Type: Annual
Record Date: MAR			17, 2008
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Matthew Bucksbaum				For	Withhold	Management
1.2	Elect Director Bernard Freibaum				For	Withhold	Management
1.3	Elect Director Beth Stewart				For	Withhold	Management
2	Ratify Auditors				For	For	Management
3	Declassify the Board of Directors				Against	For	Shareholder

--------------------------------------------------------------------------------

HCC INSURANCE HOLDINGS, INC.
Ticker:		HCC	Security ID:	404132102
Meeting Date: MAY 14, 2008			Meeting Type: Annual
Record Date: APR 2, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Frank J. Bramanti			For	For	Management
1.2	Elect Director Patrick B. Collins			For	For	Management
1.3	Elect Director J. Robert Dickerson			For	For	Management
1.4	Elect Director Walter M. Duer			For	For	Management
1.5	Elect Director Edward H. Ellis, Jr.			For	For	Management
1.6	Elect Director James C. Flagg			For	For	Management
1.7	Elect Director Allan W. Fulkerson			For	For	Management
1.8	Elect Director John N. Molbeck, Jr.			For	For	Management
1.9	Elect Director James E. Oesterreicher			For	For	Management
1.10	Elect Director Michael A.F. Roberts			For	For	Management
1.11	Elect Director C.J.B. Williams			For	For	Management
1.12	Elect Director Scott W. Wise			For	For	Management
2	Approve Omnibus Stock Plan			For	For	Management
3	Ratify Auditors			For	For	Management

4	Amend EEO Policy to Prohibit	Against	For	Shareholder
	Discrimination based on Sexual
	Orientation and Gender Identity
5	Adopt Policy for Engagement With	Against	Against	Shareholder
	Proponents of Shareholder Proposals
	Supported by a Majority Vote

--------------------------------------------------------------------------------

HNI CORPORATION
Ticker:		HNI	Security ID:	404251100
Meeting Date: MAY 6, 2008			Meeting Type: Annual
Record Date: MAR 3, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Miguel M. Calado			For	For	Management
2	Elect Director Cheryl A. Francis			For	For	Management
3	Elect Director Larry B. Porcellato			For	For	Management
4	Elect Director Brian E. Stern			For	For	Management
5	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

IMS HEALTH INC.
Ticker:		RX	Security ID: 449934108
Meeting Date: MAY 2, 2008			Meeting Type: Annual
Record Date: MAR 7, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director David R. Carlucci			For	For	Management
2	Elect Director Constantine L. Clemente			For	For	Management
3	Elect Director Kathryn E. Giusti			For	For	Management
4	Elect Director M. Bernard Puckett			For	For	Management
5	Ratify Auditors			For	For	Management
6	Declassify the Board of Directors			For	For	Management
7	Approve Executive Incentive Bonus Plan			For	For	Management

--------------------------------------------------------------------------------

J.CREW GROUP, INC.
Ticker:		JCG	Security ID:	46612H402
Meeting Date: JUN 5, 2008			Meeting Type: Annual
Record Date: APR 7, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Mary Ann Casati			For	For	Management
1.2	Elect Director Jonathan Coslet			For	For	Management
1.3	Elect Director Josh Weston			For	For	Management
2	Approve Omnibus Stock Plan			For	Against	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

LINCOLN ELECTRIC HOLDINGS, INC.
Ticker:		LECO	Security ID: 533900106
Meeting Date: APR 25, 2008			Meeting Type: Annual
Record Date: MAR 14, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director David H. Gunning			For	Withhold	Management
1.2	Elect Director G. Russell Lincoln			For	For	Management
1.3	Elect Director Hellene S. Runtagh			For	For	Management
2	Amend Code of Regulations to Include			For	Against	Management
	Certain Provisions
3	Amend Article V of Code of Regulations			For	Against	Management
4	Permit Board to Amend Bylaws Without			For	For	Management
	Shareholder Consent
5	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

LUBRIZOL CORP., THE
Ticker:		LZ	Security ID:	549271104
Meeting Date: APR 28, 2008			Meeting Type: Annual
Record Date: MAR 7, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Robert E. Abernathy			For	For	Management
1.2	Elect Director Dominic J Pileggi			For	For	Management
1.3	Elect Director Harriett Tee Taggart			For	For	Management
2	Ratify Auditors			For	For	Management
3	Declassify the Board of Directors			None	For	Shareholder

--------------------------------------------------------------------------------

MAGNA INTERNATIONAL INC.
Ticker:		MG.A	Security ID: 559222401
Meeting Date: AUG 28, 2007			Meeting Type: Special
Record Date: JUL 16, 2007
#	Proposal		Mgt Rec	Vote Cast	Sponsor
1	Approve Plan of Arrangement: Issuance of For			For	Management
	Class A Shares, Acquisition of Class B
	Shares, and Other Matters

--------------------------------------------------------------------------------

MAGNA INTERNATIONAL INC.
Ticker:	MG.A		Security ID: 559222401
Meeting Date: MAY		1, 2008	Meeting Type: Annual

Record Date: MAR 20, 2008
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect as Director - Frank Stronach	For	Withhold	Management
1.2	Elect as Director - Michael D Harris	For	Withhold	Management
1.3	Elect as Director - Lady Barbara Judge	For	For	Management
1.4	Elect as Director - Louis E Lataif	For	For	Management
1.5	Elect as Director - Klaus Mangold	For	Withhold	Management
1.6	Elect as Director - Donald Resnick	For	Withhold	Management
1.7	Elect as Director - Belinda Stronach	For	For	Management
1.8	Elect as Director - Franz Vranitzky	For	For	Management
1.9	Elect as Director - Donald J Walker	For	For	Management
1.10	Elect as Director - Gegory C Wilkins	For	For	Management
1.11	Elect as Director - Siegfried Wolf	For	For	Management
1.12	Elect as Director - James D Wolfensohn	For	For	Management
1.13	Elect as Director - Lawrence D Worrall	For	For	Management
2	Ratify Ernst & Young as Auditors	For	For	Management

--------------------------------------------------------------------------------

MATTEL, INC.
Ticker:		MAT	Security ID: 577081102
Meeting Date: MAY 29, 2008			Meeting Type: Annual
Record Date: APR 4, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Michael J. Dolan			For	For	Management
2	Elect Director Robert A. Eckert			For	For	Management
3	Elect Director Frances D. Fergusson			For	For	Management
4	Elect Director Tully M. Friedman			For	For	Management
5	Elect Director Dominic Ng			For	For	Management
6	Elect Director Vasant M. Prabhu			For	For	Management
7	Elect Director Andrea L. Rich			For	For	Management
8	Elect Director Ronald L. Sargent			For	For	Management
9	Elect Director Dean A. Scarborough			For	For	Management
10	Elect Director Christopher A. Sinclair			For	For	Management
11	Elect Director G. Craig Sullivan			For	For	Management
12	Elect Director Kathy Brittain White			For	For	Management
13	Ratify Auditors			For	For	Management
14	Report on Product Safety and Working			Against	Against	Shareholder
	Conditions

--------------------------------------------------------------------------------

MAX CAPITAL GROUP LTD
Ticker:		MXGL	Security ID: G6052F103
Meeting Date: MAY 5, 2008			Meeting Type: Annual
Record Date: FEB 29, 2008
#	Proposal		Mgt Rec	Vote Cast	Sponsor
1	TO ELECT WILLIS T. KING, JR. TO THE BOARD For			For	Management
	OF DIRECTORS OF MAX CAPITAL GROUP LTD. TO
	SERVE UNTIL THE ANNUAL MEETING OF 2011.

2	TO ELECT JAMES H. MACNAUGHTON TO THE	For	For	Management
	BOARD OF DIRECTORS OF MAX CAPITAL GROUP
	LTD. TO SERVE UNTIL THE ANNUAL MEETING OF
	2011.
3	TO ELECT PETER A. MINTON TO THE BOARD OF	For	For	Management
	DIRECTORS OF MAX CAPITAL GROUP LTD. TO
	SERVE UNTIL THE ANNUAL MEETING OF 2011.
4	TO ELECT STEVEN M. SKALA TO THE BOARD OF	For	For	Management
	DIRECTORS OF MAX CAPITAL GROUP LTD. TO
	SERVE UNTIL THE ANNUAL MEETING OF 2011.
5	TO AUTHORIZE THE ELECTION OF PETER A.	For	For	Management
	MINTON TO THE BOARD OF DIRECTORS OF MAX
	BERMUDA LTD. TO SERVE UNTIL THE ANNUAL
	MEETING OF SHAREHOLDERS IN 2011.
6	Ratify Auditors	For	For	Management
7	Ratify Auditors	For	For	Management
8	TO APPROVE THE MAX CAPITAL GROUP LTD.	For	For	Management
	2008 EMPLOYEE STOCK PURCHASE PLANS.
9	TO APPROVE AN AMENDMENT TO MAX CAPITAL	For	For	Management
	GROUP LTD S BYE-LAWS TO PERMIT FOR THE
	HOLDING OF TREASURY SHARES BY MAX CAPITAL
	GROUP LTD.
10	TO APPROVE THE MAX CAPITAL GROUP LTD.	For	Against	Management
	2008 STOCK INCENTIVE PLAN.

--------------------------------------------------------------------------------

MICROCHIP TECHNOLOGY, INC.
Ticker:		MCHP	Security ID: 595017104
Meeting Date: AUG 17, 2007			Meeting Type: Annual
Record Date: JUN 21, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Steve Sanghi			For	For	Management
1.2	Elect Director Albert J. Hugo-Martinez			For	For	Management
1.3	Elect Director L.B. Day			For	For	Management
1.4	Elect Director Matthew W. Chapman			For	For	Management
1.5	Elect Director Wade F. Meyercord			For	For	Management
2	Amend Omnibus Stock Plan			For	For	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

MYLAN INC.
Ticker:		MYL	Security ID:	628530107
Meeting Date: APR 25, 2008			Meeting Type: Annual
Record Date:		MAR 25, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Milan Puskar			For	For	Management
1.2	Elect Director Robert J. Coury			For	For	Management
1.3	Elect Director Wendy Cameron			For	Withhold	Management
1.4	Elect Director Neil Dimick			For	For	Management

1.5	Elect Director Douglas J. Leech	For	For	Management
1.6	Elect Director Joseph C. Maroon	For	Withhold	Management
1.7	Elect Director N. Prasad	For	Withhold	Management
1.8	Elect Director Rodney L. Piatt	For	Withhold	Management
1.9	Elect Director C.B. Todd	For	For	Management
1.10	Elect Director Randall L. Vanderveen	For	For	Management
2	Amend Omnibus Stock Plan	For	For	Management
3	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

MYLAN LABORATORIES INC.
Ticker:		MYL	Security ID:	628530107
Meeting Date: JUL 27, 2007			Meeting Type: Annual
Record Date: JUN 21, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Milan Puskar			For	For	Management
1.2	Elect Director Robert J. Coury			For	For	Management
1.3	Elect Director Wendy Cameron			For	Withhold	Management
1.4	Elect Director Neil Dimick			For	For	Management
1.5	Elect Director Douglas J. Leech			For	For	Management
1.6	Elect Director Joseph C. Maroon			For	Withhold	Management
1.7	Elect Director N. Prasad			For	For	Management
1.8	Elect Director Rodney L. Piatt			For	Withhold	Management
1.9	Elect Director C.B. Todd			For	For	Management
1.10	Elect Director Randall L. Vanderveen			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

NABORS INDUSTRIES, LTD.
Ticker:		NBR	Security ID: G6359F103
Meeting Date: JUN 3, 2008			Meeting Type: Annual
Record Date:		APR 4, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director Anthony G. Petrello		For	For	Management
1.2	Elect	Director Myron M. Sheinfeld		For	For	Management
1.3	Elect	Director Martin J. Whitman		For	For	Management
2	Ratify Auditors			For	For	Management
3	SHAREHOLDER PROPOSAL TO ADOPT A PAY FOR			Against	For	Shareholder
	SUPERIOR PERFORMANCE STANDARD IN THE
	COMPANY S EXECUTIVE COMPENSATION PLAN FOR
	SENIOR EXECUTIVES.
4	SHAREHOLDER PROPOSAL REGARDING GROSS-UP			Against	For	Shareholder
	PAYMENTS TO SENIOR EXECUTIVES.

--------------------------------------------------------------------------------

NETWORK APPLIANCE, INC.

Ticker:		NTAP	Security ID: 64120L104
Meeting Date: SEP 19, 2007			Meeting Type: Annual
Record Date: JUL 23, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Daniel J. Warmenhoven			For	For	Management
1.2	Elect Director Donald T. Valentine			For	For	Management
1.3	Elect Director Jeffry R. Allen			For	For	Management
1.4	Elect Director Carol A. Bartz			For	For	Management
1.5	Elect Director Alan L. Earhart			For	For	Management
1.6	Elect Director Edward Kozel			For	For	Management
1.7	Elect Director Mark Leslie			For	For	Management
1.8	Elect Director Nicholas G. Moore			For	For	Management
1.9	Elect Director George T. Shaheen			For	For	Management
1.10	Elect Director Robert T. Wall			For	For	Management
2	Amend Omnibus Stock Plan			For	Against	Management
3	Amend Omnibus Stock Plan			For	Against	Management
4	Amend Qualified Employee Stock Purchase			For	For	Management
	Plan
5	Approve Executive Incentive Bonus Plan			For	For	Management
6	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

NOBLE ENERGY, INC.
Ticker:		NBL	Security ID:	655044105
Meeting Date: APR 22, 2008			Meeting Type: Annual
Record Date: MAR 11, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Jeffrey L. Berenson			For	For	Management
1.2	Elect Director Michael A. Cawley			For	For	Management
1.3	Elect Director Edward F. Cox			For	For	Management
1.4	Elect Director Charles D. Davidson			For	For	Management
1.5	Elect Director Thomas J. Edelman			For	For	Management
1.6	Elect Director Kirby L. Hedrick			For	For	Management
1.7	Elect Director Scott D. Urban			For	For	Management
1.8	Elect Director William T. Van Kleef			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

NORDSTROM, INC.
Ticker:		JWN	Security ID:	655664100
Meeting Date: MAY 20, 2008			Meeting Type: Annual
Record Date: MAR 12, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Phyllis J. Campbell			For	For	Management
2	Elect Director Enrique Hernandez, Jr.			For	For	Management
3	Elect Director Jeanne P. Jackson			For	For	Management
4	Elect Director Robert G. Miller			For	For	Management
5	Elect Director Blake W. Nordstrom			For	For	Management

6	Elect Director Erik B. Nordstrom	For	For	Management
7	Elect Director Peter E. Nordstrom	For	For	Management
8	Elect Director Philip G. Satre	For	For	Management
9	Elect Director Alison A. Winter	For	For	Management
10	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

OM GROUP, INC.
Ticker:		OMG	Security ID:	670872100
Meeting Date: MAY 13, 2008			Meeting Type: Annual
Record Date: MAR 21, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director William J. Reidy			For	For	Management
1.2	Elect Director Joseph M. Scaminace			For	For	Management
2	Increase Authorized Common Stock			For	For	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

PAPA JOHN'S INTERNATIONAL, INC

Ticker:		PZZA	Security ID:	698813102
Meeting Date: MAY 8, 2008			Meeting Type: Annual
Record Date: MAR 14, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Wade S. Oney			For	For	Management
2	Elect Director John H. Schnatter			For	For	Management
3	Elect Director Alexander W. Smith			For	For	Management
4	Elect Director Nigel Travis			For	For	Management
5	Ratify Auditors			For	For	Management
6	Approve Omnibus Stock Plan			For	For	Management

--------------------------------------------------------------------------------

PINNACLE WEST CAPITAL CORP.
Ticker:		PNW	Security ID:	723484101
Meeting Date: MAY 21, 2008			Meeting Type: Annual
Record Date: MAR 24, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Edward N. Basha, Jr.			For	For	Management
1.2	Elect Director Susan Clark-Johnson			For	For	Management
1.3	Elect Director Michael L. Gallagher			For	For	Management
1.4	Elect Director Pamela Grant			For	For	Management
1.5	Elect Director Roy A. Herberger, Jr.			For	For	Management
1.6	Elect Director William S. Jamieson			For	For	Management
1.7	Elect Director Humberto S. Lopez			For	For	Management
1.8	Elect Director Kathryn L. Munro			For	For	Management
1.9	Elect Director Bruce J. Nordstrom			For	For	Management

1.10	Elect Director W. Douglas Parker	For	For	Management
1.11	Elect Director William J. Post	For	For	Management
1.12	Elect Director William L. Stewart	For	For	Management
2	Reduce Supermajority Vote Requirement	For	For	Management
3	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

REPUBLIC SERVICES, INC.
Ticker:		RSG	Security ID:	760759100
Meeting Date: MAY 16, 2008			Meeting Type: Annual
Record Date: MAR 19, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director James E. O'Connor			For	For	Management
1.2	Elect Director Harris W. Hudson			For	For	Management
1.3	Elect Director John W. Croghan			For	For	Management
1.4	Elect Director W. Lee Nutter			For	For	Management
1.5	Elect Director Ramon A. Rodriguez			For	For	Management
1.6	Elect Director Allan C. Sorensen			For	For	Management
1.7	Elect Director Michael W. Wickham			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

TCF FINANCIAL CORP.
Ticker:		TCB	Security ID:	872275102
Meeting Date: APR 23, 2008			Meeting Type: Annual
Record Date: FEB 25, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Rodney P. Burwell			For	For	Management
1.2	Elect Director William A. Cooper			For	For	Management
1.3	Elect Director Thomas A. Cusick			For	For	Management
1.4	Elect Director Peter L. Scherer			For	For	Management
2	Declassify the Board of Directors			For	For	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

TELEFLEX INC.
Ticker:		TFX	Security ID:	879369106
Meeting Date: MAY 1, 2008			Meeting Type: Annual
Record Date: MAR 10, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director William R. Cook			For	For	Management
1.2	Elect Director George Babich, Jr.			For	For	Management
1.3	Elect Director Stephen K. Klasko			For	For	Management
1.4	Elect Director Benson F. Smith			For	For	Management
2	Approve Omnibus Stock Plan			For	For	Management

3	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
TIDEWATER INC.
Ticker:		TDW	Security ID:	886423102
Meeting Date: JUL 12, 2007			Meeting Type: Annual
Record Date: MAY 18, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Richard T. Dumoulin			For	For	Management
1.2	Elect Director J. Wayne Leonard			For	For	Management
1.3	Elect Director Dean E. Taylor			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

TIFFANY & CO.
Ticker:		TIF	Security ID:	886547108
Meeting Date: MAY 15, 2008			Meeting Type: Annual
Record Date: MAR 20, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Michael J. Kowalski			For	For	Management
2	Elect Director Rose Marie Bravo			For	For	Management
3	Elect Director Gary E. Costley			For	For	Management
4	Elect Director Lawrence K. Fish			For	For	Management
5	Elect Director Abby F. Kohnstamm			For	For	Management
6	Elect Director Charles K. Marquis			For	For	Management
7	Elect Director Peter W. May			For	For	Management
8	Elect Director J. Thomas Presby			For	For	Management
9	Elect Director William A. Shutzer			For	For	Management
10	Ratify Auditors			For	For	Management
11	Approve Non-Employee Director Omnibus			For	For	Management
	Stock Plan

--------------------------------------------------------------------------------

UNIVERSAL HEALTH SERVICES, INC.

Ticker:		UHS		Security ID:	913903100
Meeting Date: MAY			21, 2008	Meeting Type: Annual
Record Date:		APR	1, 2008
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director J.F. Williams Jr.				For	For	Management
2	Amend Stock Option Plan				For	Against	Management
3	Amend Restricted Stock Plan				For	For	Management

--------------------------------------------------------------------------------

VALSPAR CORP., THE
Ticker:		VAL	Security ID:	920355104
Meeting Date: FEB 27, 2008			Meeting Type: Annual
Record Date: DEC 31, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Janel S. Haugarth			For	For	Management
1.2	Elect Director William L. Mansfield			For	For	Management
1.3	Elect Director Richard L. White			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

WASHINGTON FEDERAL, INC.
Ticker:		WFSL	Security ID:	938824109
Meeting Date: JAN 22, 2008			Meeting Type: Annual
Record Date: NOV 23, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Anna C. Johnson			For	For	Management
1.2	Elect Director Thomas F. Kenney			For	For	Management
1.3	Elect Director Charles R. Richmond			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

WEIGHT WATCHERS INTERNATIONAL, INC.

Ticker:		WTW	Security ID:	948626106
Meeting Date: MAY 6, 2008			Meeting Type: Annual
Record Date:		MAR 28, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director Raymond Debbane		For	Withhold	Management
1.2	Elect	Director John F. Bard		For	For	Management
1.3	Elect	Director Jonas M. Fajgenbaum		For	Withhold	Management
1.4	Elect	Director Kimberly Roy Tofalli		For	For	Management
2	Approve Omnibus Stock Plan			For	For	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

WISCONSIN ENERGY CORP.
Ticker:		WEC		Security ID:	976657106
Meeting Date: MAY			1, 2008	Meeting Type: Annual
Record Date:		FEB	21, 2008
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director John F. Bergstrom			For	For	Management
1.2	Elect	Director Barbara L. Bowles			For	For	Management
1.3	Elect	Director Patricia W. Chadwick			For	For	Management

1.4	Elect	Director Robert A. Cornog	For	For	Management
1.5	Elect	Director Curt S. Culver	For	For	Management
1.6	Elect	Director Thomas J. Fischer	For	For	Management
1.7	Elect	Director Gale E. Klappa	For	For	Management
1.8	Elect	Director Ulice Payne, Jr.	For	For	Management
1.9	Elect	Director Frederick P. Stratton,	For	For	Management
	Jr.
2	Ratify Auditors		For	For	Management

============================ WEST COAST EQUITY FUND ============================

ABBOTT LABORATORIES
Ticker:		ABT	Security ID: 002824100
Meeting Date: APR 25, 2008			Meeting Type: Annual
Record Date: FEB 26, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director R.S. Austin			For	For	Management
1.2	Elect Director W.M. Daley			For	For	Management
1.3	Elect Director W.J. Farrell			For	For	Management
1.4	Elect Director H.L. Fuller			For	For	Management
1.5	Elect Director W.A. Osborn			For	For	Management
1.6	Elect Director D.A.L. Owen			For	For	Management
1.7	Elect Director B. Powell, Jr.			For	For	Management
1.8	Elect Director W.A. Reynolds			For	For	Management
1.9	Elect Director R.S. Roberts			For	For	Management
1.10	Elect Director S.C. Scott, III			For	For	Management
1.11	Elect Director W.D. Smithburg			For	For	Management
1.12	Elect Director G.F. Tilton			For	For	Management
1.13	Elect Director M.D. White			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Human Rights Policy to Address			Against	Against	Shareholder
	Access to Medicines
4	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation

--------------------------------------------------------------------------------

ACTUATE CORP.
Ticker:		ACTU		Security ID:	00508B102
Meeting Date: MAY			21, 2008	Meeting Type: Annual
Record Date:		APR	7, 2008
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director George B. Beitzel			For	For	Management
1.2	Elect	Director Peter I. Cittadini			For	For	Management
1.3	Elect	Director Kenneth E. Marshall			For	For	Management

1.4	Elect	Director Nicolas C. Nierenberg	For	For	Management
1.5	Elect	Director Arthur C. Patterson	For	For	Management
1.6	Elect	Director Steven D. Whiteman	For	For	Management
2	Ratify Auditors		For	For	Management

--------------------------------------------------------------------------------

ADOBE SYSTEMS INC.
Ticker:		ADBE	Security ID: 00724F101
Meeting Date: APR 9, 2008			Meeting Type: Annual
Record Date: FEB 11, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Edward W. Barnholt			For	For	Management
2	Elect Director Michael R. Cannon			For	For	Management
3	Elect Director James E. Daley			For	For	Management
4	Elect Director Charles M. Geschke			For	For	Management
5	Elect Director Shantanu Narayen			For	For	Management
6	Elect Director Delbert W. Yocam			For	For	Management
7	Amend Omnibus Stock Plan			For	For	Management
8	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

ALASKA AIR GROUP, INC.
Ticker:		ALK	Security ID: 011659109
Meeting Date: MAY 20, 2008			Meeting Type: Annual
Record Date: MAR 14, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director William S. Ayer			For	For	Management
1.2	Elect Director Phyllis J. Campbell			For	For	Management
1.3	Elect Director Mark R. Hamilton			For	For	Management
1.4	Elect Director R. Marc Langland			For	For	Management
1.5	Elect Director Dennis F. Madsen			For	For	Management
1.6	Elect Director Byron I. Mallott			For	For	Management
2	Approve Omnibus Stock Plan			For	For	Management
3	Submit Shareholder Rights Plan (Poison			Against	Against	Shareholder
	Pill) to Shareholder Vote
4	Provide for Cumulative Voting			Against	For	Shareholder
5	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation

--------------------------------------------------------------------------------

ALLERGAN, INC.
Ticker:		AGN		Security ID: 018490102
Meeting Date: MAY			6, 2008	Meeting Type: Annual
Record Date: MAR			14, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor

1.1	Elect Director Deborah Dunsire	For	For	Management
1.2	Elect Director Trevor M. Jones	For	For	Management
1.3	Elect Director Louis J. Lavigne	For	For	Management
1.4	Elect Director Leonard D. Schaeffer	For	For	Management
2	Approve Omnibus Stock Plan	For	For	Management
3	Ratify Auditors	For	For	Management
4	Pay For Superior Performance	Against	For	Shareholder
5	Report on Animal Testing	Against	Against	Shareholder

--------------------------------------------------------------------------------

AMAZON.COM, INC.
Ticker:		AMZN	Security ID:	023135106
Meeting Date: MAY 29, 2008			Meeting Type: Annual
Record Date: APR 2, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Jeffrey P. Bezos			For	For	Management
2	Elect Director Tom A. Alberg			For	For	Management
3	Elect Director John Seely Brown			For	For	Management
4	Elect Director L. John Doerr			For	For	Management
5	Elect Director William B. Gordon			For	For	Management
6	Elect Director Myrtle S. Potter			For	For	Management
7	Elect Director Thomas O. Ryder			For	For	Management
8	Elect Director Patricia Q. Stonesifer			For	For	Management
9	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

AMB PROPERTY CORP.
Ticker:		AMB	Security ID: 00163T109
Meeting Date: MAY 8, 2008			Meeting Type: Annual
Record Date: MAR 6, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director T. Robert Burke			For	For	Management
2	Elect Director David A. Cole			For	For	Management
3	Elect Director Lydia H. Kennard			For	For	Management
4	Elect Director J. Michael Losh			For	For	Management
5	Elect Director Hamid R. Moghadam			For	For	Management
6	Elect Director Frederick W. Reid			For	For	Management
7	Elect Director Jeffrey L. Skelton			For	For	Management
8	Elect Director Thomas W. Tusher			For	For	Management
9	Elect Director Carl B. Webb			For	For	Management
10	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

AMBASSADORS GROUP INC
Ticker:	EPAX	Security ID: 023177108
Meeting Date: MAY 8, 2008		Meeting Type: Annual

Record Date: MAR 24, 2008
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Brigitte M. Bren	For	For	Management
1.2	Elect Director Daniel G. Byrne	For	For	Management
1.3	Elect Director Rafer L. Johnson	For	For	Management
2	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

AMGEN, INC.
Ticker:		AMGN	Security ID: 031162100
Meeting Date: MAY 7, 2008			Meeting Type: Annual
Record Date: MAR 10, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director David Baltimore			For	For	Management
2	Elect Director Frank J. Biondi, Jr.			For	For	Management
3	Elect Director Jerry D. Choate			For	For	Management
4	Elect Director Vance D. Coffman			For	For	Management
5	Elect Director Frederick W. Gluck			For	For	Management
6	Elect Director Frank C. Herringer			For	For	Management
7	Elect Director Gilbert S. Omenn			For	For	Management
8	Elect Director Judith C. Pelham			For	For	Management
9	Elect Director J. Paul Reason			For	For	Management
10	Elect Director Leonard D. Schaeffer			For	For	Management
11	Elect Director Kevin W. Sharer			For	For	Management
12	Ratify Auditors			For	For	Management
13	Reduce Supermajority Vote Requirement			Against	For	Shareholder
14	Report on Animal Welfare Act Violations			Against	Against	Shareholder

--------------------------------------------------------------------------------

AMN HEALTHCARE SERVICES INC.
Ticker:		AHS	Security ID:	001744101
Meeting Date: APR 9, 2008			Meeting Type: Annual
Record Date: FEB 14, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Susan R. Nowakowski			For	For	Management
1.2	Elect Director R. Jeffrey Harris			For	For	Management
1.3	Elect Director William F. Miller III			For	For	Management
1.4	Elect Director Hala G. Moddelmog			For	For	Management
1.5	Elect Director Andrew M. Stern			For	For	Management
1.6	Elect Director Paul E. Weaver			For	For	Management
1.7	Elect Director Douglas D. Wheat			For	For	Management
2	Amend Executive Incentive Bonus Plan			For	For	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

APACHE CORP.

Ticker:		APA	Security ID:	037411105
Meeting Date: MAY 8, 2008			Meeting Type: Annual
Record Date: MAR 19, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director G. Steven Farris			For	For	Management
2	Elect Director Randolph M. Ferlic			For	For	Management
3	Elect Director A. D. Frazier, Jr.			For	For	Management
4	Elect Director John A. Kocur			For	For	Management
5	Reimburse Proxy Contest Expenses			Against	Against	Shareholder

--------------------------------------------------------------------------------

APPLE, INC.
Ticker:		AAPL	Security ID: 037833100
Meeting Date: MAR 4, 2008			Meeting Type: Annual
Record Date: JAN 15, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director William V. Campbell			For	For	Management
1.2	Elect Director Millard S. Drexler			For	For	Management
1.3	Elect Director Albert A. Gore, Jr.			For	For	Management
1.4	Elect Director Steven P. Jobs			For	For	Management
1.5	Elect Director Andrea Jung			For	For	Management
1.6	Elect Director Arthur D. Levinson			For	For	Management
1.7	Elect Director Eric E. Schmidt			For	For	Management
1.8	Elect Director Jerome B. York			For	For	Management
2	Ratify Auditors			For	For	Management
3	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation
4	Amend Bylaws to Establish a Board			Against	Against	Shareholder
	Committee on Sustainability

--------------------------------------------------------------------------------

APPLERA CORP
Ticker:		ABI	Security ID:	038020103
Meeting Date: OCT 18, 2007			Meeting Type: Annual
Record Date: AUG 31, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Richard H. Ayers			For	For	Management
1.2	Elect Director Jean-Luc Belingard			For	Withhold	Management
1.3	Elect Director Robert H. Hayes			For	For	Management
1.4	Elect Director Arnold J. Levine			For	For	Management
1.5	Elect Director William H. Longfield			For	For	Management
1.6	Elect Director Elaine R. Mardis			For	For	Management
1.7	Elect Director Theodore E. Martin			For	For	Management
1.8	Elect Director Carolyn W. Slayman			For	For	Management
1.9	Elect Director James R. Tobin			For	For	Management
1.10	Elect Director Tony L. White			For	For	Management
2	Ratify Auditors			For	For	Management

3	Amend Qualified Employee Stock Purchase	For	For	Management
	Plan

--------------------------------------------------------------------------------

APPLIED MATERIALS, INC.
Ticker:		AMAT	Security ID:	038222105
Meeting Date: MAR 11, 2008			Meeting Type: Annual
Record Date: JAN 18, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Robert H. Brust			For	For	Management
1.2	Elect Director Deborah A. Coleman			For	For	Management
1.3	Elect Director Aart J. de Geus			For	For	Management
1.4	Elect Director Philip V. Gerdine			For	For	Management
1.5	Elect Director Thomas J. Iannotti			For	For	Management
1.6	Elect Director Charles Y.S. Liu			For	For	Management
1.7	Elect Director James C. Morgan			For	For	Management
1.8	Elect Director Gerhard H. Parker			For	For	Management
1.9	Elect Director Dennis D. Powell			For	For	Management
1.10	Elect Director Willem P. Roelandts			For	For	Management
1.11	Elect Director Michael R. Splinter			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

ARCHER-DANIELS-MIDLAND COMPANY
Ticker:		ADM	Security ID: 039483102
Meeting Date: NOV 8, 2007			Meeting Type: Annual
Record Date: SEP 14, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Alan L. Boeckmann			For	For	Management
1.2	Elect Director Mollie Hale Carter			For	For	Management
1.3	Elect Director Victoria F. Haynes			For	For	Management
1.4	Elect Director Antonio Maciel Neto			For	For	Management
1.5	Elect Director Patrick J. Moore			For	For	Management
1.6	Elect Director M. Brian Mulroney			For	For	Management
1.7	Elect Director Thomas F. O Neill			For	For	Management
1.8	Elect Director Kelvin R. Westbrook			For	For	Management
1.9	Elect Director Patricia A. Woertz			For	For	Management
2	Adopt and Implement ILO Based Code of			Against	For	Shareholder
	Conduct
3	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation

--------------------------------------------------------------------------------

ART TECHNOLOGY GROUP, INC.
Ticker:	ARTG	Security ID: 04289L107
Meeting Date: MAY 22, 2008		Meeting Type: Annual

Record Date: MAR 31, 2008
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Michael A. Brochu	For	Withhold	Management
1.2	Elect Director Robert D. Burke	For	For	Management
1.3	Elect Director Mary E. Makela	For	For	Management
2	Amend Omnibus Stock Plan	For	For	Management
3	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

AUTODESK, INC.
Ticker:		ADSK	Security ID:	052769106
Meeting Date: JUL 6, 2007			Meeting Type: Annual
Record Date: JUN 1, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Carol A. Bartz			For	Against	Management
2	Elect Director Carl Bass			For	For	Management
3	Elect Director Mark A. Bertelsen			For	Against	Management
4	Elect Director Crawford W. Beveridge			For	Against	Management
5	Elect Director J. Hallam Dawson			For	For	Management
6	Elect Director Michael J. Fister			For	For	Management
7	Elect Director Per-Kristian Halvorsen			For	Against	Management
8	Elect Director Larry W. Wangberg			For	Against	Management
9	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

AUTODESK, INC.
Ticker:		ADSK		Security ID:	052769106
Meeting Date: NOV			6, 2007	Meeting Type: Special
Record Date: SEP			21, 2007
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1	Approve Omnibus Stock Plan				For	For	Management

--------------------------------------------------------------------------------

AUTODESK, INC.
Ticker:		ADSK	Security ID:	052769106
Meeting Date: JUN 12, 2008			Meeting Type: Annual
Record Date: APR 14, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Carol A. Bartz			For	For	Management
2	Elect Director Carl Bass			For	For	Management
3	Elect Director Mark A. Bertelsen			For	For	Management
4	Elect Director Crawford W. Beveridge			For	For	Management
5	Elect Director J. Hallam Dawson			For	For	Management
6	Elect Director Per-Kristian Halvorsen			For	For	Management

7	Elect Director Sean M. Maloney	For	For	Management
8	Elect Director Elizabeth A. Nelson	For	For	Management
9	Elect Director Charles J. Robel	For	For	Management
10	Elect Director Steven M. West	For	For	Management
11	Ratify Auditors	For	For	Management
12	Amend Non-Employee Director Omnibus Stock For		For	Management
	Plan

--------------------------------------------------------------------------------

AVERY DENNISON CORP.
Ticker:		AVY	Security ID:	053611109
Meeting Date: APR 24, 2008			Meeting Type: Annual
Record Date: FEB 25, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Peter K. Barker			For	For	Management
1.2	Elect Director Richard M. Ferry			For	For	Management
1.3	Elect Director Ken C. Hicks			For	For	Management
1.4	Elect Director Kent Kresa			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Omnibus Stock Plan			For	For	Management

--------------------------------------------------------------------------------

BANK OF AMERICA CORP.
Ticker:		BAC	Security ID: 060505104
Meeting Date: APR 23, 2008			Meeting Type: Annual
Record Date: FEB 27, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director William Barnet, III			For	For	Management
2	Elect Director Frank P. Bramble, Sr.			For	For	Management
3	Elect Director John T. Collins			For	For	Management
4	Elect Director Gary L. Countryman			For	For	Management
5	Elect Director Tommy R. Franks			For	For	Management
6	Elect Director Charles K. Gifford			For	For	Management
7	Elect Director Kenneth D. Lewis			For	For	Management
8	Elect Director Monica C. Lozano			For	For	Management
9	Elect Director Walter E. Massey			For	For	Management
10	Elect Director Thomas J. May			For	For	Management
11	Elect Director Patricia E. Mitchell			For	For	Management
12	Elect Director Thomas M. Ryan			For	For	Management
13	Elect Director O. Temple Sloan, Jr.			For	For	Management
14	Elect Director Meredith R. Spangler			For	For	Management
15	Elect Director Robert L. Tillman			For	For	Management
16	Elect Director Jackie M. Ward			For	For	Management
17	Ratify Auditors			For	For	Management
18	Limit/Prohibit Executive Stock-Based			Against	Against	Shareholder
	Awards
19	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation
20	Limit Executive Compensation			Against	Against	Shareholder

21	Provide for Cumulative Voting	Against	For	Shareholder
22	Require Independent Board Chairman	Against	For	Shareholder
23	Amend Articles/Bylaws/Charter -- Call	Against	For	Shareholder
	Special Meetings
24	Report on the Equator Principles	Against	Against	Shareholder
25	Amend Bylaws to Establish a Board	Against	Against	Shareholder
	Committee on Human Rights

--------------------------------------------------------------------------------

BANNER CORP
Ticker:		BANR	Security ID: 06652V109
Meeting Date: APR 22, 2008			Meeting Type: Annual
Record Date: MAR 1, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director John R. Layman			For	For	Management
1.2	Elect Director Jesse G. Foster			For	For	Management
1.3	Elect Director D. Michael Jones			For	For	Management
1.4	Elect Director David A. Klaue			For	For	Management
1.5	Elect Director Dean W. Mitchell			For	For	Management
1.6	Elect Director Brent A. Orrico			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

BECKMAN COULTER, INC.
Ticker:		BEC	Security ID:	075811109
Meeting Date: APR 24, 2008			Meeting Type: Annual
Record Date: FEB 27, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Kevin M. Farr			For	For	Management
1.2	Elect Director Van B. Honeycutt			For	For	Management
1.3	Elect Director James V. Mazzo			For	For	Management
1.4	Elect Director Betty Woods			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

BERRY PETROLEUM CO.
Ticker:		BRY	Security ID:	085789105
Meeting Date: MAY 14, 2008			Meeting Type: Annual
Record Date: MAR 17, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director J. Bryant			For	For	Management
1.2	Elect Director R. Busch III			For	For	Management
1.3	Elect Director W. Bush			For	For	Management
1.4	Elect Director S. Cropper			For	For	Management
1.5	Elect Director J. Gaul			For	For	Management

1.6	Elect Director R. Heinemann	For	For	Management
1.7	Elect Director T. Jamieson	For	For	Management
1.8	Elect Director J. Keller	For	For	Management
1.9	Elect Director R. Robinson	For	For	Management
1.10	Elect Director M. Young	For	For	Management
2	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

BOEING CO., THE
Ticker:		BA	Security ID: 097023105
Meeting Date: APR 28, 2008			Meeting Type: Annual
Record Date: FEB 28, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director John H. Biggs			For	For	Management
2	Elect Director John E. Bryson			For	For	Management
3	Elect Director Arthur D. Collins, Jr.			For	For	Management
4	Elect Director Linda Z. Cook			For	For	Management
5	Elect Director William M. Daley			For	For	Management
6	Elect Director Kenneth M. Duberstein			For	For	Management
7	Elect Director James L. Jones			For	For	Management
8	Elect Director Edward M. Liddy			For	For	Management
9	Elect Director John F. McDonnell			For	For	Management
10	Elect Director W. James McNerney, Jr.			For	For	Management
11	Elect Director Mike S. Zafirovski			For	For	Management
12	Ratify Auditors			For	For	Management
13	Report on Foreign Arms Sales			Against	Against	Shareholder
14	Adopt Principles for Health Care Reform			Against	Against	Shareholder
15	Adopt Human Rights Policy			Against	For	Shareholder
16	Require Independent Lead Director			Against	For	Shareholder
17	Performance-Based and/or Time-Based			Against	For	Shareholder
	Equity Awards
18	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation
19	Restrict Severance Agreements			Against	For	Shareholder
	(Change-in-Control)

--------------------------------------------------------------------------------

BUILDING MATERIAL HOLDING CORP.
Ticker:		BLG	Security ID:	120113105
Meeting Date: MAY 6, 2008			Meeting Type: Annual
Record Date: MAR 10, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Robert E. Mellor			For	For	Management
1.2	Elect Director Sara L. Beckman			For	For	Management
1.3	Elect Director James K. Jennings, Jr.			For	For	Management
1.4	Elect Director Norman J. Metcalfe			For	For	Management
1.5	Elect Director David M. Moffett			For	For	Management
1.6	Elect Director R. Scott Morrison, Jr.			For	For	Management
1.7	Elect Director Peter S. O'Neill			For	For	Management

1.8	Elect Director Richard G. Reiten	For	For	Management
1.9	Elect Director Norman R. Walker	For	For	Management
2	Approve Omnibus Stock Plan	For	For	Management
3	Amend Qualified Employee Stock Purchase	For	For	Management
	Plan
4	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

C. R. BARD, INC.
Ticker:		BCR	Security ID: 067383109
Meeting Date: APR 16, 2008			Meeting Type: Annual
Record Date: FEB 25, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director T. Kevin Dunnigan			For	For	Management
1.2	Elect Director Gail K. Naughton			For	For	Management
1.3	Elect Director John H. Weiland			For	For	Management
2	Amend Omnibus Stock Plan			For	For	Management
3	Amend Qualified Employee Stock Purchase			For	For	Management
	Plan
4	Ratify Auditors			For	For	Management
5	Require Majority Vote for Non-Contested			For	For	Management
	Election

--------------------------------------------------------------------------------

CALIFORNIA WATER SERVICE GROUP

Ticker:		CWT	Security ID:	130788102
Meeting Date: MAY 27, 2008			Meeting Type: Annual
Record Date: MAR 31, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Douglas M. Brown			For	For	Management
1.2	Elect Director Robert W. Foy			For	For	Management
1.3	Elect Director Edwin A. Guiles			For	For	Management
1.4	Elect Director E.D. Harris, Jr.			For	For	Management
1.5	Elect Director Bonnie G. Hill			For	For	Management
1.6	Elect Director Richard P. Magnuson			For	For	Management
1.7	Elect Director Linda R. Meier			For	For	Management
1.8	Elect Director Peter C. Nelson			For	For	Management
1.9	Elect Director George A. Vera			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

CASCADE BANCORP
Ticker:	CACB		Security ID: 147154108
Meeting Date: APR		28, 2008	Meeting Type: Annual
Record Date: FEB		29, 2008

#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Gary L. Hoffman	For	For	Management
1.2	Elect Director Patricia L. Moss	For	For	Management
1.3	Elect Director Thomas M. Wells	For	For	Management
1.4	Elect Director Ryan R. Patrick	For	For	Management
1.5	Elect Director James E. Petersen	For	Withhold	Management
1.6	Elect Director Jerol E. Andres	For	For	Management
1.7	Elect Director Henry H. Hewitt	For	For	Management
1.8	Elect Director Judith A. Johansen	For	For	Management
1.9	Elect Director Clarence Jones	For	For	Management
2	Approve Omnibus Stock Plan	For	For	Management
3	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

CASCADE CORP.
Ticker:		CAE	Security ID:	147195101
Meeting Date: JUN 3, 2008			Meeting Type: Annual
Record Date: APR 4, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Peter D. Nickerson			For	For	Management
1.2	Elect Director Robert C. Warren, Jr.			For	For	Management
1.3	Elect Director Henry W. Wessinger II			For	For	Management
2	Increase Authorized Common Stock			For	For	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

CB RICHARD ELLIS GROUP INC
Ticker:		CBG	Security ID: 12497T101
Meeting Date: JUN 2, 2008			Meeting Type: Annual
Record Date: APR 9, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Richard C. Blum			For	For	Management
1.2	Elect Director Patrice Marie Daniels			For	For	Management
1.3	Elect Director Thomas A. Daschle			For	For	Management
1.4	Elect Director Curtis F. Feeny			For	For	Management
1.5	Elect Director Bradford M. Freeman			For	For	Management
1.6	Elect Director Michael Kantor			For	For	Management
1.7	Elect Director Frederic V. Malek			For	For	Management
1.8	Elect Director Robert E. Sulentic			For	For	Management
1.9	Elect Director Jane J. Su			For	For	Management
1.10	Elect Director Brett White			For	For	Management
1.11	Elect Director Gary L. Wilson			For	For	Management
1.12	Elect Director Ray Wirta			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Omnibus Stock Plan			For	Against	Management

--------------------------------------------------------------------------------

CEMEX S.A.B. DE C.V.
Ticker:		CX	Security ID: 151290889
Meeting Date: APR 24, 2008			Meeting Type: Annual
Record Date: MAR 24, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	PRESENTATION OF THE REPORT BY THE CHIEF			For	For	Management
	EXECUTIVE OFFICER, INCLUDING THE COMPANY
	S FINANCIAL STATEMENTS, REPORT OF
	VARIATIONS OF CAPITAL STOCK, AND
	PRESENTATION OF THE REPORT BY THE BOARD
	OF DIRECTORS, FOR THE FISCAL YEAR ENDED
	DECEMBER 31, 2007.
2	PROPOSAL FOR: (I) THE ALLOCATION OF			For	For	Management
	PROFITS AND (II) THE MAXIMUM AMOUNT OF
	FUNDS TO BE USED FOR THE PURCHASE OF
	COMPANY SHARES.
3	PROPOSAL TO INCREASE THE CAPITAL STOCK OF For				For	Management
	THE COMPANY IN ITS VARIABLE PORTION
	THROUGH CAPITALIZATION OF RETAINED
	EARNINGS.
4	APPOINTMENT OF DIRECTORS, AND MEMBERS AND For				For	Management
	PRESIDENT OF THE AUDIT AND CORPORATE
	PRACTICES COMMITTEE.
5	COMPENSATION OF DIRECTORS AND MEMBERS OF			For	For	Management
	THE AUDIT AND CORPORATE PRACTICES
	COMMITTEE.
6	APPOINTMENT OF DELEGATES TO FORMALIZE THE For				For	Management
	RESOLUTIONS ADOPTED AT THE MEETING.

--------------------------------------------------------------------------------

CERADYNE, INC.
Ticker:		CRDN	Security ID:	156710105
Meeting Date: JUN 17, 2008			Meeting Type: Annual
Record Date: APR 25, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Joel P. Moskowitz			For	For	Management
1.2	Elect Director Richard A. Alliegro			For	For	Management
1.3	Elect Director Frank Edelstein			For	For	Management
1.4	Elect Director Richard A. Kertson			For	For	Management
1.5	Elect Director William C. LaCourse			For	For	Management
1.6	Elect Director Milton L. Lohr			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

CHARLES SCHWAB CORP., THE
Ticker:	SCHW		Security ID: 808513105
Meeting Date: MAY		15, 2008	Meeting Type: Annual
Record Date:	MAR	17, 2008

#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Frank C. Herringer	For	For	Management
2	Elect Director Stephen T. McLin	For	For	Management
3	Elect Director Charles R. Schwab	For	For	Management
4	Elect Director Roger O. Walther	For	For	Management
5	Elect Director Robert N. Wilson	For	For	Management
6	Report on Political Contributions	Against	For	Shareholder
7	Amend Bylaws to Prohibit Precatory	Against	Against	Shareholder
	Proposals

--------------------------------------------------------------------------------

CHEVRON CORPORATION
Ticker:		CVX	Security ID:	166764100
Meeting Date: MAY 28, 2008			Meeting Type: Annual
Record Date: MAR 31, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director S. H. Armacost			For	For	Management
2	Elect Director L. F. Deily			For	For	Management
3	Elect Director R. E. Denham			For	For	Management
4	Elect Director R. J. Eaton			For	For	Management
5	Elect Director S. Ginn			For	For	Management
6	Elect Director F. G. Jenifer			For	For	Management
7	Elect Director J. L. Jones			For	For	Management
8	Elect Director S. Nunn			For	For	Management
9	Elect Director D. J. O?Reilly			For	For	Management
10	Elect Director D. B. Rice			For	For	Management
11	Elect Director P. J. Robertson			For	For	Management
12	Elect Director K. W. Sharer			For	For	Management
13	Elect Director C. R. Shoemate			For	For	Management
14	Elect Director R. D. Sugar			For	For	Management
15	Elect Director C. Ware			For	For	Management
16	Ratify Auditors			For	For	Management
17	Increase Authorized Common Stock			For	For	Management
18	Require Independent Board Chairman			Against	Against	Shareholder
19	Adopt Human Rights Policy			Against	For	Shareholder
20	Report on Environmental Impact of Oil			Against	For	Shareholder
	Sands Operations in Canada
21	Adopt Quantitative GHG Goals for Products Against				Against	Shareholder
	and Operations

22	Adopt Guidelines for Country Selection Against Against Shareholder
23	Report on Market Specific Environmental Against Against Shareholder Laws

--------------------------------------------------------------------------------

CHINA MOBILE (HONG KONG) LIMITED

Ticker:	CHL		Security ID: 16941M109
Meeting Date: MAY		8, 2008	Meeting Type: Annual
Record Date:	MAY	5, 2008

#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	TO RECEIVE AND CONSIDER THE AUDITED	For	For	Management
	FINANCIAL STATEMENTS AND THE REPORTS OF
	THE DIRECTORS AND AUDITORS.
2a	TO DECLARE AN ORDINARY FINAL DIVIDEND FOR For		For	Management
	THE YEAR ENDED 31 DECEMBER 2007.
2b	TO DECLARE A SPECIAL FINAL DIVIDEND FOR	For	For	Management
	THE YEAR ENDED 31 DECEMBER 2007.
3a	TO RE-ELECT LU XIANGDONG AS A DIRECTOR.	For	For	Management
3b	TO RE-ELECT XUE TAOHAI AS A DIRECTOR.	For	For	Management
3c	TO RE-ELECT HUANG WENLIN AS A DIRECTOR.	For	Against	Management
3d	TO RE-ELECT XIN FANFEI AS A DIRECTOR.	For	For	Management
3e	TO RE-ELECT LO KA SHUI AS A DIRECTOR.	For	For	Management
4	REAPPOINT KPMG AS AUDITORS AND AUTHORIZE	For	For	Management
	BOARD TO FIX THEIR REMUNERATION
5	TO GIVE A GENERAL MANDATE TO THE	For	For	Management
	DIRECTORS TO REPURCHASE SHARES IN THE
	COMPANY.
6	TO GIVE A GENERAL MANDATE TO THE	For	Against	Management
	DIRECTORS TO ISSUE, ALLOT AND DEAL WITH
	ADDITIONAL SHARES IN THE COMPANY NOT
	EXCEEDING 20% OF THE AGGREGATE NOMINAL
	AMOUNT OF THE EXISTING ISSUED SHARE
	CAPITAL.
7	TO EXTEND THE GENERAL MANDATE GRANTED TO	For	Against	Management
	THE DIRECTORS TO ISSUE, ALLOT AND DEAL
	WITH SHARES BY THE NUMBER OF SHARES
	REPURCHASED.

--------------------------------------------------------------------------------

CISCO SYSTEMS, INC.
Ticker:		CSCO	Security ID: 17275R102
Meeting Date: NOV 15, 2007			Meeting Type: Annual
Record Date: SEP 17, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Carol A. Bartz			For	For	Management
2	Elect Director M. Michele Burns			For	For	Management
3	Elect Director Michael D. Capellas			For	For	Management
4	Elect Director Larry R. Carter			For	For	Management
5	Elect Director John T. Chambers			For	For	Management
6	Elect Director Brian L. Halla			For	For	Management
7	Elect Director Dr. John L. Hennessy			For	For	Management
8	Elect Director Richard M. Kovacevich			For	For	Management
9	Elect Director Roderick C. McGeary			For	For	Management
10	Elect Director Michael K. Powell			For	For	Management
11	Elect Director Steven M. West			For	For	Management
12	Elect Director Jerry Yang			For	For	Management
13	Amend Omnibus Stock Plan			For	For	Management
14	Approve Executive Incentive Bonus Plan			For	For	Management
15	Ratify Auditors			For	For	Management
16	Amend Bylaws to Establish a Board			Against	Against	Shareholder
	Committee on Human Rights
17	Pay For Superior Performance			Against	For	Shareholder

18	Advisory Vote to Ratify Named Executive	Against	For	Shareholder
	Officers' Compensation
19	Report on Internet Fragmentation	Against	For	Shareholder

--------------------------------------------------------------------------------

CITY NATIONAL CORP.
Ticker:		CYN	Security ID:	178566105
Meeting Date: APR 23, 2008			Meeting Type: Annual
Record Date: FEB 25, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Richard L. Bloch			For	Withhold	Management
1.2	Elect Director Bram Goldsmith			For	For	Management
1.3	Elect Director Ashok Israni			For	For	Management
1.4	Elect Director Kenneth Ziffren			For	For	Management
2	Ratify Auditors			For	For	Management
3	Approve Omnibus Stock Plan			For	Against	Management

--------------------------------------------------------------------------------

COLGATE-PALMOLIVE CO.
Ticker:		CL	Security ID:	194162103
Meeting Date: MAY 8, 2008			Meeting Type: Annual
Record Date: MAR 10, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director John T. Cahill			For	For	Management
2	Elect Director Jill K. Conway			For	For	Management
3	Elect Director Ian M. Cook			For	For	Management
4	Elect Director Ellen M. Hancock			For	For	Management
5	Elect Director David W. Johnson			For	For	Management
6	Elect Director Richard J. Kogan			For	For	Management
7	Elect Director Delano E. Lewis			For	For	Management
8	Elect Director Reuben Mark			For	For	Management
9	Elect Director J. Pedro Reinhard			For	For	Management
10	Elect Director Stephen I. Sadove			For	For	Management
11	Ratify Auditors			For	For	Management
12	Increase Authorized Common Stock			For	For	Management

--------------------------------------------------------------------------------

COLUMBIA SPORTSWEAR CO.
Ticker:		COLM	Security ID:	198516106
Meeting Date: MAY 21, 2008			Meeting Type: Annual
Record Date:		MAR 24, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Gertrude Boyle			For	For	Management
1.2	Elect Director Timothy P. Boyle			For	For	Management
1.3	Elect Director Sarah A. Bany			For	For	Management

1.4	Elect Director Murrey R. Albers	For	For	Management
1.5	Elect Director Stephen E. Babson	For	For	Management
1.6	Elect Director Andy D. Bryant	For	For	Management
1.7	Elect Director Edward S. George	For	For	Management
1.8	Elect Director Walter T. Klenz	For	For	Management
1.9	Elect Director John W. Stanton	For	For	Management
2	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

COPART, INC.
Ticker:		CPRT	Security ID:	217204106
Meeting Date: DEC 6, 2007			Meeting Type: Annual
Record Date: OCT 17, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Willis J. Johnson			For	For	Management
1.2	Elect Director A. Jayson Adair			For	For	Management
1.3	Elect Director James E. Meeks			For	For	Management
1.4	Elect Director Steven D. Cohan			For	For	Management
1.5	Elect Director Daniel J. Englander			For	For	Management
1.6	Elect Director Barry Rosenstein			For	For	Management
1.7	Elect Director Thomas W. Smith			For	For	Management
2	Approve Omnibus Stock Plan			For	For	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

COSTCO WHOLESALE CORPORATION
Ticker:		COST	Security ID:	22160K105
Meeting Date: JAN 29, 2008			Meeting Type: Annual
Record Date: NOV 23, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Susan L. Decker			For	For	Management
1.2	Elect Director Richard D. Dicerchio			For	For	Management
1.3	Elect Director Richard M. Libenson			For	For	Management
1.4	Elect Director John W. Meisenbach			For	For	Management
1.5	Elect Director Charles T. Munger			For	For	Management
2	Amend Omnibus Stock Plan			For	For	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

CVS CAREMARK CORP
Ticker:		CVS		Security ID:	126650100
Meeting Date: MAY			7, 2008	Meeting Type: Annual
Record Date: MAR			12, 2008
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1	Elect Director Edwin M. Banks				For	For	Management

2	Elect Director C. David Brown II	For	For	Management
3	Elect Director David W. Dorman	For	For	Management
4	Elect Director Kristen E. Gibney Williams For		For	Management
5	Elect Director Marian L. Heard	For	For	Management
6	Elect Director William H. Joyce	For	For	Management
7	Elect Director Jean-Pierre Million	For	For	Management
8	Elect Director Terrence Murray	For	For	Management
9	Elect Director C.A. Lance Piccolo	For	For	Management
10	Elect Director Sheli Z. Rosenberg	For	For	Management
11	Elect Director Thomas M. Ryan	For	For	Management
12	Elect Director Richard J. Swift	For	For	Management
13	Ratify Auditors	For	For	Management
14	Amend Articles/Bylaws/Charter -- Call	Against	For	Shareholder
	Special Meetings
15	Adopt Anti Gross-up Policy	Against	For	Shareholder
16	Report on Political Contributions	Against	For	Shareholder

--------------------------------------------------------------------------------

CYPRESS SEMICONDUCTOR CORP.
Ticker:		CY	Security ID: 232806109
Meeting Date: MAY 9, 2008			Meeting Type: Annual
Record Date: MAR 11, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director T.J. Rodgers			For	For	Management
1.2	Elect Director W. Steve Albrecht			For	For	Management
1.3	Elect Director Eric A. Benhamou			For	For	Management
1.4	Elect Director Lloyd Carney			For	For	Management
1.5	Elect Director James R. Long			For	For	Management
1.6	Elect Director J. Daniel Mccranie			For	For	Management
1.7	Elect Director Evert Van De Ven			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Omnibus Stock Plan			For	For	Management
4	Approve Executive Incentive Bonus Plan			For	For	Management

--------------------------------------------------------------------------------

DAVITA INC.
Ticker:		DVA	Security ID: 23918K108
Meeting Date: JUN 9, 2008			Meeting Type: Annual
Record Date: APR 15, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Charles G. Berg			For	For	Management
2	Elect Director Willard W. Brittain, Jr.			For	For	Management
3	Elect Director Nancy-Ann DeParle			For	For	Management
4	Elect Director Paul J. Diaz			For	For	Management
5	Elect Director Peter T. Grauer			For	For	Management
6	Elect Director John M. Nehra			For	For	Management
7	Elect Director William L. Roper, M.D.			For	For	Management
8	Elect Director Kent J. Thiry			For	For	Management
9	Elect Director Roger J. Valine			For	For	Management

10	Elect Director Richard C. Vaughan	For	For	Management
11	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

DENDREON CORP.
Ticker:		DNDN	Security ID: 24823Q107
Meeting Date: JUN 4, 2008			Meeting Type: Annual
Record Date:		APR 9, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director Richard B. Brewer		For	For	Management
1.2	Elect	Director Mitchell H. Gold, M.D.		For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

DIONEX CORP.
Ticker:		DNEX	Security ID:	254546104
Meeting Date: OCT 30, 2007			Meeting Type: Annual
Record Date: SEP 10, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director David L. Anderson			For	For	Management
1.2	Elect Director A. Blaine Bowman			For	For	Management
1.3	Elect Director Lukas Braunschweiler			For	For	Management
1.4	Elect Director Roderick McGeary			For	For	Management
1.5	Elect Director Riccardo Pigliucci			For	For	Management
1.6	Elect Director Michael W. Pope			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

EAST WEST BANCORP, INC.
Ticker:		EWBC	Security ID: 27579R104
Meeting Date: MAY 29, 2008			Meeting Type: Annual
Record Date: MAR 31, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Dominic Ng			For	For	Management
1.2	Elect Director Rudolph I. Estrada			For	For	Management
1.3	Elect Director Herman Y. Li			For	For	Management
2	Declassify the Board of Directors			For	For	Management
3	Amend Omnibus Stock Plan			For	For	Management
4	Ratify Auditors			For	For	Management
5	Other Business			For	Against	Management

--------------------------------------------------------------------------------

EBAY INC.

Ticker:		EBAY	Security ID:	278642103
Meeting Date: JUN 19, 2008			Meeting Type: Annual
Record Date: APR 21, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Fred D. Anderson			For	For	Management
2	Elect Director Edward W. Barnholt			For	For	Management
3	Elect Director Scott D. Cook			For	For	Management
4	Elect Director John J. Donahoe			For	For	Management
5	Approve Omnibus Stock Plan			For	For	Management
6	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

ECHELON CORPORATION
Ticker:		ELON	Security ID:	27874N105
Meeting Date: MAY 27, 2008			Meeting Type: Annual
Record Date: MAR 31, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director M. Kenneth Oshman			For	For	Management
1.2	Elect Director Larry W. Sonsini			For	Withhold	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

EDISON INTERNATIONAL
Ticker:		EIX	Security ID: 281020107
Meeting Date: APR 24, 2008			Meeting Type: Annual
Record Date: FEB 25, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director John E. Bryson			For	For	Management
1.2	Elect Director Vanessa C.L. Chang			For	For	Management
1.3	Elect Director France A. Cordova			For	For	Management
1.4	Elect Director Theodore F. Craver, Jr.			For	For	Management
1.5	Elect Director Charles B. Curtis			For	For	Management
1.6	Elect Director Bradford M. Freeman			For	For	Management
1.7	Elect Director Luis G. Nogales			For	For	Management
1.8	Elect Director Ronald L. Olson			For	For	Management
1.9	Elect Director James M. Rosser			For	For	Management
1.10	Elect Director Richard T. Schlosberg, III For				For	Management
1.11	Elect Director Thomas C. Sutton			For	For	Management
1.12	Elect Director Brett White			For	For	Management
2	Ratify Auditors			For	For	Management
3	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation

--------------------------------------------------------------------------------

ELECTRO SCIENTIFIC INDUSTRIES, INC.

Ticker:		ESIO	Security ID:	285229100
Meeting Date: OCT 25, 2007			Meeting Type: Annual
Record Date:		AUG 20, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director Frederick A. Ball		For	For	Management
1.2	Elect	Director Nicholas Konidaris		For	For	Management
1.3	Elect	Director Robert R. Walker		For	For	Management
2	Amend Omnibus Stock Plan			For	Against	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

ELECTRONIC ARTS INC.
Ticker:		ERTS	Security ID: 285512109
Meeting Date: JUL 26, 2007			Meeting Type: Annual
Record Date: JUN 1, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Leonard S. Coleman			For	For	Management
2	Elect Director Gary M. Kusin			For	For	Management
3	Elect Director Gregory B. Maffei			For	For	Management
4	Elect Director Timothy Mott			For	For	Management
5	Elect Director Vivek Paul			For	For	Management
6	Elect Director Lawrence F. Probst, III			For	For	Management
7	Elect Director John S. Riccitiello			For	For	Management
8	Elect Director Richard A. Simonson			For	For	Management
9	Elect Director Linda J. Srere			For	For	Management
10	Amend Omnibus Stock Plan			For	For	Management
11	Amend Qualified Employee Stock Purchase			For	For	Management
	Plan
12	Approve Executive Incentive Bonus Plan			For	For	Management
13	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

ESSEX PROPERTY TRUST, INC.
Ticker:		ESS	Security ID:	297178105
Meeting Date: MAY 6, 2008			Meeting Type: Annual
Record Date: FEB 28, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director David W. Brady			For	For	Management
1.2	Elect Director Robert E. Larson			For	For	Management
1.3	Elect Director Michael J. Schall			For	For	Management
1.4	Elect Director Willard H. Smith, Jr.			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

ESTEE LAUDER COMPANIES INC., THE

Ticker:		EL	Security ID:	518439104
Meeting Date: NOV 9, 2007			Meeting Type: Annual
Record Date: SEP 14, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Aerin Lauder			For	For	Management
1.2	Elect Director William P. Lauder			For	For	Management
1.3	Elect Director Lynn Forester de			For	For	Management
	Rothschild
1.4	Elect Director Richard D. Parsons			For	Withhold	Management
2	Amend Non-Employee Director Omnibus Stock For				Against	Management
	Plan
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

EXAR CORPORATION
Ticker:		EXAR		Security ID:	300645108
Meeting Date: AUG			23, 2007	Meeting Type: Special
Record Date: JUL			16, 2007
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1	Issue Shares in Connection with an				For	For	Management
	Acquisition

--------------------------------------------------------------------------------

EXAR CORPORATION
Ticker:		EXAR	Security ID:	300645108
Meeting Date: OCT 11, 2007			Meeting Type: Annual
Record Date: AUG 31, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Pierre Guilbault			For	For	Management
1.2	Elect Director Brian Hilton			For	For	Management
1.3	Elect Director Juan (oscar) Rodriguez			For	For	Management
1.4	Elect Director Ralph Schmitt			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

Ticker:		EXPD	Security ID:	302130109
Meeting Date: MAY 7, 2008			Meeting Type: Annual
Record Date:		MAR 10, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Peter J. Rose			For	For	Management
1.2	Elect Director James L.K. Wang			For	For	Management
1.3	Elect Director R. Jordan Gates			For	For	Management

1.4	Elect Director James J. Casey	For	For	Management
1.5	Elect Director Dan P. Kourkoumelis	For	For	Management
1.6	Elect Director Michael J. Malone	For	For	Management
1.7	Elect Director John W. Meisenbach	For	For	Management
1.8	Elect Director Mark A. Emmert	For	For	Management
1.9	Elect Director Robert R. Wright	For	For	Management
2	Approve Stock Option Plan	For	For	Management
3	Amend Non-Employee Director Restricted	For	For	Management
	Stock Plan
4	Approve Executive Incentive Bonus Plan	For	For	Management
5	Ratify Auditors	For	For	Management
6	Amend EEO Policy to Reference	Against	For	Shareholder
	Discrimination based on Sexual
	Orientation

--------------------------------------------------------------------------------

EXXON MOBIL CORP.
Ticker:		XOM	Security ID: 30231G102
Meeting Date: MAY 28, 2008			Meeting Type: Annual
Record Date: APR 4, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Michael J. Boskin			For	For	Management
1.2	Elect Director Larry R. Faulkner			For	For	Management
1.3	Elect Director William W. George			For	For	Management
1.4	Elect Director James R. Houghton			For	For	Management
1.5	Elect Director Reatha Clark King			For	For	Management
1.6	Elect Director Marilyn Carlson Nelson			For	For	Management
1.7	Elect Director Samuel J. Palmisano			For	For	Management
1.8	Elect Director Steven S Reinemund			For	For	Management
1.9	Elect Director Walter V. Shipley			For	For	Management
1.10	Elect Director Rex W. Tillerson			For	For	Management
1.11	Elect Director Edward E. Whitacre, Jr.			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Bylaws to Prohibit Precatory			Against	Against	Shareholder
	Proposals
4	Require Director Nominee Qualifications			Against	Against	Shareholder
5	Require Independent Board Chairman			Against	For	Shareholder
6	Approve Distribution Policy			Against	Against	Shareholder
7	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation
8	Compare CEO Compensation to Company's			Against	Against	Shareholder
	Lowest Paid U.S. Workers
9	Claw-back of Payments under Restatements			Against	Against	Shareholder
10	Review Anti-discrimination Policy on			Against	Against	Shareholder
	Corporate Sponsorships and Executive
	Perks
11	Report on Political Contributions			Against	For	Shareholder
12	Amend EEO Policy to Prohibit			Against	For	Shareholder
	Discrimination based on Sexual
	Orientation and Gender Identity
13	Report on Community Environmental Impacts Against				Against	Shareholder
	of Operations
14	Report on Potential Environmental Damage			Against	Against	Shareholder

	from Drilling in the Arctic National
	Wildlife Refuge
15	Adopt Greenhouse Gas Emissions Goals for	Against	For	Shareholder
	Products and Operations
16	Report on Carbon Dioxide Emissions	Against	Against	Shareholder
	Information at Gas Stations
17	Report on Climate Change Impacts on	Against	Against	Shareholder
	Emerging Countries
18	Report on Energy Technologies Development Against		Against	Shareholder
19	Adopt Policy to Increase Renewable Energy Against		For	Shareholder

--------------------------------------------------------------------------------

FANNIE MAE
Ticker:		FNM	Security ID: 313586109
Meeting Date: DEC 14, 2007			Meeting Type: Annual
Record Date: OCT 22, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Stephen B. Ashley			For	For	Management
1.2	Elect Director Dennis R. Beresford			For	For	Management
1.3	Elect Director Louis J. Freeh			For	For	Management
1.4	Elect Director Brenda J. Gaines			For	For	Management
1.5	Elect Director Karen N. Horn, Ph.D.			For	For	Management
1.6	Elect Director Bridget A. Macaskill			For	For	Management
1.7	Elect Director Daniel H. Mudd			For	For	Management
1.8	Elect Director Leslie Rahl			For	For	Management
1.9	Elect Director John C. Sites, Jr.			For	For	Management
1.10	Elect Director Greg C. Smith			For	For	Management
1.11	Elect Director H. Patrick Swygert			For	For	Management
1.12	Elect Director John K. Wulff			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Omnibus Stock Plan			For	For	Management
4	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation
5	Restore or Provide for Cumulative Voting			Against	Against	Shareholder

--------------------------------------------------------------------------------

FANNIE MAE
Ticker:		FNM	Security ID:	313586109
Meeting Date: MAY 20, 2008			Meeting Type: Annual
Record Date: MAR 21, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Directors Stephen B. Ashley			For	For	Management
2	Elect Directors Dennis R. Beresford			For	For	Management
3	Elect Directors Louis J. Freeh			For	For	Management
4	Elect Directors Brenda J. Gaines			For	For	Management
5	Elect Directors Karen N. Horn			For	For	Management
6	Elect Directors Bridget A. Macaskill			For	For	Management
7	Elect Directors Daniel H. Mudd			For	For	Management
8	Elect Directors Leslie Rahl			For	For	Management

9	Elect Directors John C. Sites, Jr.	For	For	Management
10	Elect Directors Greg C. Smith	For	For	Management
11	Elect Directors H. Patrick Swygert	For	For	Management
12	Elect Directors John K. Wulff	For	For	Management
13	Ratify Auditors	For	For	Management
14	Provide for Cumulative Voting	Against	For	Shareholder

--------------------------------------------------------------------------------

FEI COMPANY
Ticker:		FEIC	Security ID: 30241L109
Meeting Date: MAY 22, 2008			Meeting Type: Annual
Record Date: MAR 17, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Michael J. Attardo			For	For	Management
1.2	Elect Director Lawrence A. Bock			For	For	Management
1.3	Elect Director Wilfred J. Corrigan			For	For	Management
1.4	Elect Director Don R. Kania			For	For	Management
1.5	Elect Director Thomas F. Kelly			For	For	Management
1.6	Elect Director William W. Lattin			For	For	Management
1.7	Elect Director Jan C. Lobbezoo			For	For	Management
1.8	Elect Director Gerhard H. Parker			For	For	Management
1.9	Elect Director James T. Richardson			For	For	Management
1.10	Elect Director Donald R. VanLuvanee			For	For	Management
2	Amend Omnibus Stock Plan			For	For	Management
3	Amend Qualified Employee Stock Purchase			For	For	Management
	Plan
4	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

FRANKLIN RESOURCES, INC.
Ticker:		BEN	Security ID:	354613101
Meeting Date: JAN 31, 2008			Meeting Type: Annual
Record Date: DEC 4, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Samuel H. Armacost			For	For	Management
1.2	Elect Director Charles Crocker			For	For	Management
1.3	Elect Director Joseph R. Hardiman			For	For	Management
1.4	Elect Director Robert D. Joffe			For	For	Management
1.5	Elect Director Charles B. Johnson			For	For	Management
1.6	Elect Director Gregory E. Johnson			For	For	Management
1.7	Elect Director Rupert H. Johnson, Jr.			For	For	Management
1.8	Elect Director Thomas H. Kean			For	For	Management
1.9	Elect Director Chutta Ratnathicam			For	For	Management
1.10	Elect Director Peter M. Sacerdote			For	For	Management
1.11	Elect Director Laura Stein			For	For	Management
1.12	Elect Director Anne M. Tatlock			For	For	Management
1.13	Elect Director Louis E. Woodworth			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Executive Incentive Bonus Plan			For	For	Management

--------------------------------------------------------------------------------

GENENTECH, INC.
Ticker:		DNA	Security ID: 368710406
Meeting Date: APR 15, 2008			Meeting Type: Annual
Record Date: FEB 19, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Herbert W. Boyer			For	Withhold	Management
1.2	Elect Director William M. Burns			For	Withhold	Management
1.3	Elect Director Erich Hunziker			For	Withhold	Management
1.4	Elect Director Jonathan K.C. Knowles			For	Withhold	Management
1.5	Elect Director Arthur D. Levinson			For	Withhold	Management
1.6	Elect Director Debra L. Reed			For	For	Management
1.7	Elect Director Charles A. Sanders			For	For	Management
2	Amend Qualified Employee Stock Purchase			For	For	Management
	Plan
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

GENERAL ELECTRIC CO.
Ticker:		GE	Security ID: 369604103
Meeting Date: APR 23, 2008			Meeting Type: Annual
Record Date: FEB 25, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director James I. Cash, Jr.			For	For	Management
2	Elect Director William M. Castell			For	For	Management
3	Elect Director Ann M. Fudge			For	For	Management
4	Elect Director Claudio X. Gonzalez			For	Against	Management
5	Elect Director Susan Hockfield			For	For	Management
6	Elect Director Jeffrey R. Immelt			For	For	Management
7	Elect Director Andrea Jung			For	For	Management
8	Elect Director Alan G. Lafley			For	For	Management
9	Elect Director Robert W. Lane			For	For	Management
10	Elect Director Ralph S. Larsen			For	For	Management
11	Elect Director Rochelle B. Lazarus			For	For	Management
12	Elect Director James J. Mulva			For	For	Management
13	Elect Director Sam Nunn			For	For	Management
14	Elect Director Roger S. Penske			For	For	Management
15	Elect Director Robert J. Swieringa			For	For	Management
16	Elect Director Douglas A. Warner III			For	For	Management
17	Ratify Auditors			For	For	Management
18	Provide for Cumulative Voting			Against	For	Shareholder
19	Require Independent Board Chairman			Against	For	Shareholder
20	Claw-back of Payments under Restatements			Against	Against	Shareholder
21	Adopt Policy on Overboarded Directors			Against	For	Shareholder
22	Report on Charitable Contributions			Against	Against	Shareholder
23	Report on Global Warming			Against	Against	Shareholder
24	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation

--------------------------------------------------------------------------------

GETTY IMAGES, INC.
Ticker:		GYI	Security ID:	374276103
Meeting Date: AUG 2, 2007			Meeting Type: Annual
Record Date: JUN 18, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director James N. Bailey			For	Withhold	Management
1.2	Elect Director Andrew S. Garb			For	Withhold	Management
1.3	Elect Director Alan G. Spoon			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

GILEAD SCIENCES, INC.
Ticker:		GILD	Security ID:	375558103
Meeting Date: MAY 8, 2008			Meeting Type: Annual
Record Date: MAR 19, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Paul Berg			For	For	Management
1.2	Elect Director John F. Cogan			For	For	Management
1.3	Elect Director Etienne F. Davignon			For	For	Management
1.4	Elect Director James M. Denny			For	For	Management
1.5	Elect Director Carla A. Hills			For	For	Management
1.6	Elect Director John W. Madigan			For	For	Management
1.7	Elect Director John C. Martin			For	For	Management
1.8	Elect Director Gordon E. Moore			For	For	Management
1.9	Elect Director Nicholas Moore			For	For	Management
1.10	Elect Director Gayle E. Wilson			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Omnibus Stock Plan			For	For	Management
4	Increase Authorized Common Stock			For	For	Management

--------------------------------------------------------------------------------

GOLDMAN SACHS GROUP, INC., THE

Ticker:		GS	Security ID: 38141G104
Meeting Date: APR 10, 2008			Meeting Type: Annual
Record Date: FEB 11, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Directors Lloyd C. Blankfein			For	For	Management
2	Elect Directors John H. Bryan			For	For	Management
3	Elect Directors Gary D. Cohn			For	For	Management
4	Elect Directors Claes Dahlback			For	For	Management
5	Elect Directors Stephen Friedman			For	For	Management
6	Elect Directors William W. George			For	For	Management
7	Elect Directors Rajat K. Gupta			For	For	Management

8	Elect Directors James A. Johnson	For	For	Management
9	Elect Directors Lois D. Juliber	For	For	Management
10	Elect Directors Edward M. Liddy	For	For	Management
11	Elect Directors Ruth J. Simmons	For	For	Management
12	Elect Directors Jon Winkelried	For	For	Management
13	Ratify Auditors	For	For	Management
14	Prohibit Executive Stock-Based Awards	Against	Against	Shareholder
15	Advisory Vote to Ratify Named Executive	Against	For	Shareholder
	Officers' Compensation
16	Prepare Sustainability Report	Against	Against	Shareholder

--------------------------------------------------------------------------------

GOOGLE INC
Ticker:		GOOG	Security ID: 38259P508
Meeting Date: MAY 8, 2008			Meeting Type: Annual
Record Date: MAR 11, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Eric Schmidt			For	For	Management
1.2	Elect Director Sergey Brin			For	For	Management
1.3	Elect Director Larry Page			For	For	Management
1.4	Elect Director L. John Doerr			For	For	Management
1.5	Elect Director John L. Hennessy			For	For	Management
1.6	Elect Director Arthur D. Levinson			For	For	Management
1.7	Elect Director Ann Mather			For	For	Management
1.8	Elect Director Paul S. Otellini			For	For	Management
1.9	Elect Director K. Ram Shriram			For	For	Management
1.10	Elect Director Shirley M. Tilghman			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Omnibus Stock Plan			For	Against	Management
4	Adopt Internet Censorship Policies			Against	For	Shareholder
5	Amend Bylaws to Establish a Board			Against	Against	Shareholder
	Committee on Human Rights

--------------------------------------------------------------------------------

GREATER BAY BANCORP
Ticker:		GBBK	Security ID:	391648102
Meeting Date: SEP 26, 2007			Meeting Type: Special
Record Date: AUG 13, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Approve Merger Agreement			For	For	Management
2	Adjourn Meeting			For	For	Management

--------------------------------------------------------------------------------

GREENBRIER COMPANIES, INC., THE

Ticker:	GBX		Security ID: 393657101
Meeting Date: JAN		8, 2008	Meeting Type: Annual

Record Date: NOV 21, 2007
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Graeme A. Jack	For	For	Management
1.2	Elect Director Benjamin R. Whiteley	For	For	Management
2	Ratify Auditors	For	For	Management
3	Other Business	For	Against	Management

--------------------------------------------------------------------------------

HCP INC.
Ticker:		HCP	Security ID: 40414L109
Meeting Date: APR 24, 2008			Meeting Type: Annual
Record Date: MAR 10, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Robert R. Fanning, Jr.			For	For	Management
1.2	Elect Director James F. Flaherty III			For	For	Management
1.3	Elect Director Christine N. Garvey			For	For	Management
1.4	Elect Director David B. Henry			For	For	Management
1.5	Elect Director Lauralee E. Martin			For	For	Management
1.6	Elect Director Michael D. McKee			For	For	Management
1.7	Elect Director Harold M. Messmer, Jr.			For	For	Management
1.8	Elect Director Peter L. Rhein			For	For	Management
1.9	Elect Director Kenneth B. Roath			For	For	Management
1.10	Elect Director Richard M. Rosenberg			For	For	Management
1.11	Elect Director Joseph P. Sullivan			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

HEALTH NET, INC.
Ticker:		HNT	Security ID: 42222G108
Meeting Date: MAY 8, 2008			Meeting Type: Annual
Record Date: MAR 14, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Theodore F. Craver, Jr.			For	For	Management
1.2	Elect Director Vicki B. Escarra			For	For	Management
1.3	Elect Director Thomas T. Farley			For	For	Management
1.4	Elect Director Gale S. Fitzgerald			For	For	Management
1.5	Elect Director Patrick Foley			For	For	Management
1.6	Elect Director Jay M. Gellert			For	For	Management
1.7	Elect Director Roger F. Greaves			For	For	Management
1.8	Elect Director Bruce G. Willison			For	For	Management
1.9	Elect Director Frederick C. Yeager			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

HEWLETT-PACKARD CO.

Ticker:		HPQ	Security ID: 428236103
Meeting Date: MAR 19, 2008			Meeting Type: Annual
Record Date: JAN 22, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Lawrence T. Babbio, Jr.			For	For	Management
2	Elect Director Sari M. Baldauf			For	For	Management
3	Elect Director Richard A. Hackborn			For	For	Management
4	Elect Director John H. Hammergren			For	For	Management
5	Elect Director Mark V. Hurd			For	For	Management
6	Elect Director Joel Z. Hyatt			For	For	Management
7	Elect Director John R. Joyce			For	For	Management
8	Elect Director Robert L. Ryan			For	For	Management
9	Elect Director Lucille S. Salhany			For	For	Management
10	Elect Director G. Kennedy Thompson			For	For	Management
11	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

INFORMATICA CORPORATION
Ticker:		INFA	Security ID:	45666Q102
Meeting Date: MAY 22, 2008			Meeting Type: Annual
Record Date: MAR 31, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director A. Brooke Seawell			For	For	Management
1.2	Elect Director Mark A. Bertelsen			For	For	Management
1.3	Elect Director Godfrey R. Sullivan			For	For	Management
2	Approve Qualified Employee Stock Purchase For				For	Management
	Plan
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

INTEL CORP.
Ticker:		INTC	Security ID:	458140100
Meeting Date: MAY 21, 2008			Meeting Type: Annual
Record Date: MAR 24, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Craig R. Barrett			For	For	Management
2	Elect Director Charlene Barshefsky			For	For	Management
3	Elect Director Carol A. Bartz			For	For	Management
4	Elect Director Susan L. Decker			For	For	Management
5	Elect Director Reed E. Hundt			For	For	Management
6	Elect Director Paul S. Otellini			For	For	Management
7	Elect Director James D. Plummer			For	For	Management
8	Elect Director David S. Pottruck			For	For	Management
9	Elect Director Jane E. Shaw			For	For	Management
10	Elect Director John L. Thornton			For	For	Management
11	Elect Director David B. Yoffie			For	For	Management
12	Ratify Auditors			For	For	Management
13	Amend Bylaws to Establish a Board			Against	Against	Shareholder

Committee on Sustainability

--------------------------------------------------------------------------------

INTERMEC INC
Ticker:		IN	Security ID:	458786100
Meeting Date: MAY 23, 2008			Meeting Type: Annual
Record Date:		MAR 24, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director Patrick Byrne		For	For	Management
1.2	Elect	Director Gregory Hinkley		For	For	Management
1.3	Elect	Director Lydia H. Kennard		For	For	Management
1.4	Elect	Director Allen Lauer		For	For	Management
1.5	Elect	Director Stephen Reynolds		For	For	Management
1.6	Elect	Director Steven Sample		For	For	Management
1.7	Elect	Director Oren Shaffer		For	For	Management
1.8	Elect	Director Larry Yost		For	For	Management
2	Ratify Auditors			For	For	Management
3	Approve Qualified Employee Stock Purchase For				For	Management
	Plan
4	Approve Omnibus Stock Plan			For	For	Management

--------------------------------------------------------------------------------

JACK IN THE BOX INC.
Ticker:		JBX	Security ID:	466367109
Meeting Date: FEB 15, 2008			Meeting Type: Annual
Record Date: DEC 27, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Michael E. Alpert			For	For	Management
1.2	Elect Director George Fellows			For	For	Management
1.3	Elect Director Anne B. Gust			For	For	Management
1.4	Elect Director Murray H. Hutchison			For	For	Management
1.5	Elect Director Linda A. Lang			For	For	Management
1.6	Elect Director Michael W. Murphy			For	For	Management
1.7	Elect Director David M. Tehle			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

JACOBS ENGINEERING GROUP INC.
Ticker:		JEC	Security ID:	469814107
Meeting Date: JAN 24, 2008			Meeting Type: Annual
Record Date:		DEC 14, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director John P. Jumper			For	For	Management
1.2	Elect Director Linda Fayne Levinson			For	For	Management
1.3	Elect Director Craig L. Martin			For	For	Management

2	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
JOHNSON & JOHNSON
Ticker:		JNJ	Security ID: 478160104
Meeting Date: APR 24, 2008			Meeting Type: Annual
Record Date: FEB 26, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Mary Sue Coleman			For	For	Management
1.2	Elect Director James G. Cullen			For	For	Management
1.3	Elect Director Michael M.E. Johns			For	Withhold	Management
1.4	Elect Director Arnold G. Langbo			For	Withhold	Management
1.5	Elect Director Susan L. Lindquist			For	For	Management
1.6	Elect Director Leo F. Mullin			For	For	Management
1.7	Elect Director Wiliam D. Perez			For	Withhold	Management
1.8	Elect Director Christine A. Poon			For	For	Management
1.9	Elect Director Charles Prince			For	Withhold	Management
1.10	Elect Director Steven S. Reinemund			For	For	Management
1.11	Elect Director David Satcher			For	For	Management
1.12	Elect Director William C. Weldon			For	For	Management
2	Ratify Auditors			For	For	Management
3	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation

--------------------------------------------------------------------------------

KLA-TENCOR CORP.
Ticker:		KLAC	Security ID:	482480100
Meeting Date: NOV 15, 2007			Meeting Type: Annual
Record Date: OCT 2, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Edward W. Barnholt			For	For	Management
1.2	Elect Director Stephen P. Kaufman			For	For	Management
1.3	Elect Director Richard P. Wallace			For	For	Management
2	Amend Omnibus Stock Plan			For	For	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

KROGER CO., THE
Ticker:		KR		Security ID:	501044101
Meeting Date: JUN			26, 2008	Meeting Type: Annual
Record Date:		APR	28, 2008
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1	Elect Director Reuben V. Anderson				For	For	Management
2	Elect Director Robert D. Beyer				For	For	Management
3	Elect Director David B. Dillon				For	For	Management

4	Elect Director Susan J. Kropf	For	For	Management
5	Elect Director John T. LaMacchia	For	For	Management
6	Elect Director David B. Lewis	For	For	Management
7	Elect Director Don W. McGeorge	For	For	Management
8	Elect Director W. Rodney McMullen	For	For	Management
9	Elect Director Jorge P. Montoya	For	For	Management
10	Elect Director Clyde R. Moore	For	For	Management
11	Elect Director Susan M. Phillips	For	For	Management
12	Elect Director Steven R. Rogel	For	For	Management
13	Elect Director James A. Runde	For	For	Management
14	Elect Director Ronald L. Sargent	For	For	Management
15	Elect Director Bobby S. Shackouls	For	For	Management
16	Approve Omnibus Stock Plan	For	For	Management
17	Ratify Auditors	For	For	Management
18	Adopt Climate Change Policy	Against	For	Shareholder
19	Adopt Purchasing Preference for Suppliers Against		Against	Shareholder
	Using CAK
20	Phase out Sales of Eggs from Battery Cage Against		Against	Shareholder
	Hens
21	Report on Company Product Safety Policies Against		For	Shareholder
22	Pay For Superior Performance	Against	For	Shareholder

--------------------------------------------------------------------------------

LATTICE SEMICONDUCTOR CORP.
Ticker:		LSCC	Security ID:	518415104
Meeting Date: MAY 6, 2008			Meeting Type: Annual
Record Date: MAR 25, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director W. Richard Marz			For	For	Management
1.2	Elect Director Patrick S. Jones			For	For	Management
2	Declassify the Board of Directors			None	For	Shareholder
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

LSI CORP
Ticker:		LSI	Security ID:	502161102
Meeting Date: MAY 14, 2008			Meeting Type: Annual
Record Date: MAR 17, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Timothy Y. Chen			For	For	Management
2	Elect Director Charles A. Haggerty			For	For	Management
3	Elect Director Richard S. Hill			For	For	Management
4	Elect Director Michael J. Mancuso			For	For	Management
5	Elect Director John H.F. Miner			For	For	Management
6	Elect Director Arun Netravali			For	For	Management
7	Elect Director Matthew J. O'Rourke			For	For	Management
8	Elect Director Gregorio Reyes			For	For	Management
9	Elect Director Abhijit Y. Talwalkar			For	For	Management
10	Ratify Auditors			For	For	Management

11	Amend Omnibus Stock Plan	For	For	Management
12	Amend Qualified Employee Stock Purchase	For	For	Management
	Plan

--------------------------------------------------------------------------------

MARTEK BIOSCIENCES CORP.
Ticker:		MATK	Security ID: 572901106
Meeting Date: MAR 13, 2008			Meeting Type: Annual
Record Date: JAN 17, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Harry J. D'Andrea			For	Against	Management
2	Elect Director Polly B. Kawalek			For	Against	Management
3	Elect Director Jerome C. Keller			For	Against	Management
4	Elect Director Douglas J. MacMaster, Jr			For	Against	Management
5	Elect Director Robert H. Mayer			For	For	Management
6	Elect Director Eugene H. Rotberg			For	Against	Management
7	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

MATTEL, INC.
Ticker:		MAT	Security ID: 577081102
Meeting Date: MAY 29, 2008			Meeting Type: Annual
Record Date: APR 4, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Michael J. Dolan			For	For	Management
2	Elect Director Robert A. Eckert			For	For	Management
3	Elect Director Frances D. Fergusson			For	For	Management
4	Elect Director Tully M. Friedman			For	For	Management
5	Elect Director Dominic Ng			For	For	Management
6	Elect Director Vasant M. Prabhu			For	For	Management
7	Elect Director Andrea L. Rich			For	For	Management
8	Elect Director Ronald L. Sargent			For	For	Management
9	Elect Director Dean A. Scarborough			For	For	Management
10	Elect Director Christopher A. Sinclair			For	For	Management
11	Elect Director G. Craig Sullivan			For	For	Management
12	Elect Director Kathy Brittain White			For	For	Management
13	Ratify Auditors			For	For	Management
14	Report on Product Safety and Working			Against	Against	Shareholder
	Conditions

--------------------------------------------------------------------------------

MCCORMICK & SCHMICKS SEAFOOD RESTAURANTS, INC.

Ticker:	MSSR		Security ID: 579793100
Meeting Date: MAY		22, 2008	Meeting Type: Annual
Record Date:	APR	17, 2008

#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Emanuel N. Hilario	For	For	Management
2	Elect Director Elliott H. Jurgensen, Jr.	For	For	Management
3	Elect Director J. Rice Edmonds	For	For	Management
4	Elect Director Jeffrey D. Klein	For	For	Management
5	Elect Director David B. Pittaway	For	For	Management
6	Elect Director James R. Parish	For	For	Management
7	Elect Director Douglas L. Schmick	For	For	Management
8	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

MCKESSON CORPORATION
Ticker:		MCK	Security ID: 58155Q103
Meeting Date: JUL 25, 2007			Meeting Type: Annual
Record Date: MAY 29, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director John H. Hammergren			For	For	Management
2	Elect Director M. Christine Jacobs			For	For	Management
3	Declassify the Board of Directors			For	For	Management
4	Amend Omnibus Stock Plan			For	For	Management
5	Amend Qualified Employee Stock Purchase			For	For	Management
	Plan
6	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

MENTOR CORP.
Ticker:		MNT	Security ID: 587188103
Meeting Date: SEP 17, 2007			Meeting Type: Annual
Record Date: JUL 19, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Michael L. Emmons			For	For	Management
1.2	Elect Director Walter W. Faster			For	For	Management
1.3	Elect Director Margaret H. Jordan			For	For	Management
1.4	Elect Director Joshua H. Levine			For	For	Management
1.5	Elect Director Katherine S. Napier			For	For	Management
1.6	Elect Director Burt E. Rosen			For	For	Management
1.7	Elect Director Ronald J. Rossi			For	For	Management
1.8	Elect Director Joseph E. Whitters			For	For	Management
2	Authorize New Class of Preferred Stock			For	For	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

MENTOR GRAPHICS CORP.
Ticker:	MENT		Security ID: 587200106
Meeting Date: JUN		19, 2008	Meeting Type: Annual
Record Date: APR		25, 2008

#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Peter L. Bonfield	For	For	Management
1.2	Elect Director Marsha B. Congdon	For	For	Management
1.3	Elect Director James R. Fiebiger	For	For	Management
1.4	Elect Director Gregory K. Hinckley	For	For	Management
1.5	Elect Director Kevin C. Mcdonough	For	For	Management
1.6	Elect Director Patrick B. Mcmanus	For	For	Management
1.7	Elect Director Walden C. Rhines	For	For	Management
1.8	Elect Director Fontaine K. Richardson	For	For	Management
2	Amend Qualified Employee Stock Purchase	For	For	Management
	Plan
3	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

MERCURY GENERAL CORP.
Ticker:		MCY	Security ID: 589400100
Meeting Date: MAY 14, 2008			Meeting Type: Annual
Record Date:		MAR 17, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director George Joseph		For	For	Management
1.2	Elect	Director Charles E. McClung		For	For	Management
1.3	Elect	Director Donald R. Spuehler		For	For	Management
1.4	Elect	Director Richard E. Grayson		For	For	Management
1.5	Elect	Director Donald P. Newell		For	For	Management
1.6	Elect	Director Bruce A. Bunner		For	For	Management
1.7	Elect	Director Nathan Bessin		For	For	Management
1.8	Elect	Director Michael D. Curtius		For	For	Management
1.9	Elect	Director Gabriel Tirador		For	For	Management
2	Approve Executive Incentive Bonus Plan			For	For	Management

--------------------------------------------------------------------------------

MICROSOFT CORP.
Ticker:		MSFT	Security ID:	594918104
Meeting Date: NOV 13, 2007			Meeting Type: Annual
Record Date: SEP 7, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director William H. Gates, III			For	For	Management
2	Elect Director Steven A. Ballmer			For	For	Management
3	Elect Director James I. Cash, Jr.			For	For	Management
4	Elect Director Dina Dublon			For	For	Management
5	Elect Director Raymond V. Gilmartin			For	For	Management
6	Elect Director Reed Hastings			For	For	Management
7	Elect Director David F. Marquardt			For	For	Management
8	Elect Director Charles H. Noski			For	For	Management
9	Elect Director Helmut Panke			For	For	Management
10	Elect Director Jon A. Shirley			For	For	Management
11	Ratify Auditors			For	For	Management
12	Adopt Policies to Protect Freedom of			Against	Against	Shareholder

	Access to the Internet
13	Amend Bylaws to Establish a Board	Against	Against	Shareholder
	Committee on Human Rights

--------------------------------------------------------------------------------

MONACO COACH CORP.
Ticker:		MNC	Security ID: 60886R103
Meeting Date: MAY 14, 2008			Meeting Type: Annual
Record Date: MAR 19, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Kay L. Toolson			For	For	Management
1.2	Elect Director Richard A. Rouse			For	For	Management
1.3	Elect Director Daniel C. Ustian			For	For	Management
2	Approve Qualified Employee Stock Purchase For				For	Management
	Plan
3	Amend Executive Incentive Bonus Plan			For	For	Management
4	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

NABORS INDUSTRIES, LTD.
Ticker:		NBR	Security ID: G6359F103
Meeting Date: JUN 3, 2008			Meeting Type: Annual
Record Date:		APR 4, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director Anthony G. Petrello		For	For	Management
1.2	Elect	Director Myron M. Sheinfeld		For	For	Management
1.3	Elect	Director Martin J. Whitman		For	For	Management
2	Ratify Auditors			For	For	Management
3	SHAREHOLDER PROPOSAL TO ADOPT A PAY FOR			Against	For	Shareholder
	SUPERIOR PERFORMANCE STANDARD IN THE
	COMPANY S EXECUTIVE COMPENSATION PLAN FOR
	SENIOR EXECUTIVES.
4	SHAREHOLDER PROPOSAL REGARDING GROSS-UP			Against	For	Shareholder
	PAYMENTS TO SENIOR EXECUTIVES.

--------------------------------------------------------------------------------

NII HOLDINGS, INC.
Ticker:		NIHD	Security ID:	62913F201
Meeting Date: MAY 14, 2008			Meeting Type: Annual
Record Date: APR 4, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Neal P. Goldman			For	For	Management
1.2	Elect Director Charles M. Herington			For	For	Management
1.3	Elect Director John W. Risner			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

NIKE, INC.
Ticker:		NKE	Security ID:	654106103
Meeting Date: SEP 17, 2007			Meeting Type: Annual
Record Date: JUL 25, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Jill K. Conway			For	For	Management
1.2	Elect Director Alan B. Graf, Jr.			For	For	Management
1.3	Elect Director Jeanne P. Jackson			For	For	Management
2	Amend Executive Incentive Bonus Plan			For	For	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

NORDSTROM, INC.
Ticker:		JWN	Security ID:	655664100
Meeting Date: MAY 20, 2008			Meeting Type: Annual
Record Date: MAR 12, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Phyllis J. Campbell			For	For	Management
2	Elect Director Enrique Hernandez, Jr.			For	For	Management
3	Elect Director Jeanne P. Jackson			For	For	Management
4	Elect Director Robert G. Miller			For	For	Management
5	Elect Director Blake W. Nordstrom			For	For	Management
6	Elect Director Erik B. Nordstrom			For	For	Management
7	Elect Director Peter E. Nordstrom			For	For	Management
8	Elect Director Philip G. Satre			For	For	Management
9	Elect Director Alison A. Winter			For	For	Management
10	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

NORTHERN TRUST CORP.
Ticker:		NTRS	Security ID:	665859104
Meeting Date: APR 15, 2008			Meeting Type: Annual
Record Date: FEB 25, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Linda Walker Bynoe			For	For	Management
1.2	Elect Director Nicholas D. Chabraja			For	For	Management
1.3	Elect Director Susan Crown			For	For	Management
1.4	Elect Director Dipak C. Jain			For	For	Management
1.5	Elect Director Arthur L. Kelly			For	For	Management
1.6	Elect Director Robert C. McCormack			For	For	Management
1.7	Elect Director Edward J. Mooney			For	For	Management
1.8	Elect Director William A. Osborn			For	For	Management
1.9	Elect Director John W. Rowe			For	For	Management

1.10	Elect Director Harold B. Smith	For	For	Management
1.11	Elect Director William D. Smithburg	For	For	Management
1.12	Elect Director Enrique J. Sosa	For	For	Management
1.13	Elect Director Charles A. Tribbett III	For	For	Management
1.14	Elect Director Frederick H. Waddell	For	For	Management
2	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

NORTHROP GRUMMAN CORP.
Ticker:		NOC	Security ID: 666807102
Meeting Date: MAY 21, 2008			Meeting Type: Annual
Record Date: MAR 25, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Lewis W. Coleman			For	For	Management
2	Elect Director Thomas B. Fargo			For	For	Management
3	Elect Director Victor H. Fazio			For	For	Management
4	Elect Director Donald E. Felsinger			For	For	Management
5	Elect Director Stephen E. Frank			For	For	Management
6	Elect Director Phillip Frost			For	Against	Management
7	Elect Director Charles R. Larson			For	For	Management
8	Elect Director Richard B. Myers			For	For	Management
9	Elect Director Aulana L. Peters			For	For	Management
10	Elect Director Kevin W. Sharer			For	For	Management
11	Elect Director Ronald D. Sugar			For	For	Management
12	Ratify Auditors			For	For	Management
13	Amend Omnibus Stock Plan			For	For	Management
14	Report on Foreign Military Sales			Against	Against	Shareholder
15	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation
16	Adopt Anti Gross-up Policy			Against	For	Shareholder

--------------------------------------------------------------------------------

NORTHWEST PIPE COMPANY
Ticker:		NWPX		Security ID:	667746101
Meeting Date: MAY			13, 2008	Meeting Type: Annual
Record Date: MAR			17, 2008
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director William R. Tagmyer				For	For	Management

--------------------------------------------------------------------------------

NOVELLUS SYSTEMS, INC.
Ticker:		NVLS		Security ID: 670008101
Meeting Date: MAY			13, 2008	Meeting Type: Annual
Record Date: MAR			28, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor

1.1	Elect	Director Richard S. Hill	For	For	Management
1.2	Elect	Director Neil R. Bonke	For	For	Management
1.3	Elect	Director Youssef A. El-Mansy	For	For	Management
1.4	Elect	Director J. David Litster	For	For	Management
1.5	Elect	Director Yoshio Nishi	For	For	Management
1.6	Elect	Director Glen G. Possley	For	For	Management
1.7	Elect	Director Ann D. Rhoads	For	For	Management
1.8	Elect	Director William R. Spivey	For	For	Management
1.9	Elect	Director Delbert A. Whitaker	For	For	Management
2	Ratify Auditors		For	For	Management

--------------------------------------------------------------------------------

NVIDIA CORPORATION
Ticker:		NVDA	Security ID:	67066G104
Meeting Date: JUN 19, 2008			Meeting Type: Annual
Record Date: APR 21, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Steven Chu, Ph.D.			For	For	Management
2	Elect Director Harvey C. Jones			For	For	Management
3	Elect Director William J. Miller			For	For	Management
4	Increase Authorized Common Stock			For	For	Management
5	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

OBAGI MEDICAL PRODUCTS, INC.
Ticker:		OMPI	Security ID: 67423R108
Meeting Date: JUN 10, 2008			Meeting Type: Annual
Record Date:		APR 23, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director Steven R. Carlson		For	For	Management
1.2	Elect	Director Albert J. Fitzgibbons,		For	For	Management
	III
1.3	Elect	Director John A. Bartholdson		For	For	Management
1.4	Elect	Director John H. Duerden		For	For	Management
1.5	Elect	Director Edward A. Grant		For	For	Management
1.6	Elect	Director Albert F. Hummel		For	For	Management
1.7	Elect	Director Ronald P. Badie		For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

OCCIDENTAL PETROLEUM CORP.
Ticker:		OXY		Security ID: 674599105
Meeting Date: MAY			2, 2008	Meeting Type: Annual
Record Date: MAR			12, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor

1	Elect Director Spencer Abraham	For	Against	Management
2	Elect Director Ronald W. Burkle	For	For	Management
3	Elect Director John S. Chalsty	For	Against	Management
4	Elect Director Edward P. Djerejian	For	For	Management
5	Elect Director John E. Feick	For	For	Management
6	Elect Director Ray R. Irani	For	For	Management
7	Elect Director Irvin W. Maloney	For	Against	Management
8	Elect Director Avedick B. Poladian	For	For	Management
9	Elect Director Rodolfo Segovia	For	Against	Management
10	Elect Director Aziz D. Syriani	For	For	Management
11	Elect Director Rosemary Tomich	For	Against	Management
12	Elect Director Walter L. Weisman	For	For	Management
13	Ratify Auditors	For	For	Management
14	Publish a Scientific Global Warming	Against	Against	Shareholder
	Report
15	Advisory Vote to Ratify Named Executive	Against	For	Shareholder
	Officers' Compensation
16	Disclose Information on Compensation	Against	Against	Shareholder
	Consultant
17	Pay For Superior Performance	Against	For	Shareholder
18	Amend Articles/Bylaws/Charter -- Call	Against	For	Shareholder
	Special Meetings

--------------------------------------------------------------------------------

ORACLE CORP.
Ticker:		ORCL	Security ID: 68389X105
Meeting Date: NOV 2, 2007			Meeting Type: Annual
Record Date: SEP 7, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Jeffrey O. Henley			For	For	Management
1.2	Elect Director Lawrence J. Ellison			For	For	Management
1.3	Elect Director Donald L. Lucas			For	For	Management
1.4	Elect Director Michael J. Boskin			For	For	Management
1.5	Elect Director Jack F. Kemp			For	For	Management
1.6	Elect Director Jeffrey S. Berg			For	For	Management
1.7	Elect Director Safra A. Catz			For	For	Management
1.8	Elect Director Hector Garcia-Molina			For	For	Management
1.9	Elect Director H. Raymond Bingham			For	For	Management
1.10	Elect Director Charles E Phillips, Jr.			For	For	Management
1.11	Elect Director Naomi O. Seligman			For	For	Management
2	Approve Executive Incentive Bonus Plan			For	For	Management
3	Ratify Auditors			For	For	Management
4	Amend Bylaws to Establish a Board			Against	Against	Shareholder
	Committee on Human Rights
5	Issue an Open Source Report			Against	Against	Shareholder

--------------------------------------------------------------------------------

ORASURE TECHNOLOGIES, INC.
Ticker:	OSUR	Security ID: 68554V108
Meeting Date: MAY 13, 2008		Meeting Type: Annual

Record Date:		MAR 24, 2008
#	Proposal		Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director Ronny B. Lancaster	For	For	Management
1.2	Elect	Director Roger L. Pringle	For	For	Management
1.3	Elect	Director Ronald H. Spair	For	For	Management
2	Amend Omnibus Stock Plan		For	For	Management
3	Ratify Auditors		For	For	Management

--------------------------------------------------------------------------------

PACCAR INC.
Ticker:		PCAR	Security ID:	693718108
Meeting Date: APR 22, 2008			Meeting Type: Annual
Record Date: FEB 26, 2008
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director John M. Fluke				For	For	Management
1.2	Elect Director Stephen F. Page				For	For	Management
1.3	Elect Director Michael A. Tembreull				For	For	Management
2	Increase Authorized Common Stock				For	Against	Management
3	Amend Vote Requirements to Amend				Against	For	Shareholder
	Articles/Bylaws/Charter
4	Require a Majority Vote for the Election				Against	For	Shareholder
	of Directors

--------------------------------------------------------------------------------

PACIFIC CAPITAL BANCORP
Ticker:		PCBC	Security ID: 69404P101
Meeting Date: APR 29, 2008			Meeting Type: Annual
Record Date: MAR 3, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Edward E. Birch			For	For	Management
1.2	Elect Director Richard S. Hambleton, Jr.			For	For	Management
1.3	Elect Director D. Vernon Horton			For	For	Management
1.4	Elect Director Roger C. Knopf			For	For	Management
1.5	Elect Director Robert W. Kummer, Jr.			For	For	Management
1.6	Elect Director Clayton C. Larson			For	For	Management
1.7	Elect Director George S. Leis			For	For	Management
1.8	Elect Director John R. Mackall			For	For	Management
1.9	Elect Director Lee E. Mikles			For	For	Management
1.10	Elect Director Richard A. Nightingale			For	For	Management
1.11	Elect Director Kathy J. Odell			For	For	Management
2	Ratify Auditors			For	For	Management
3	Approve Omnibus Stock Plan			For	For	Management
4	Approve Executive Incentive Bonus Plan			For	For	Management

--------------------------------------------------------------------------------

PEPSICO, INC.

Ticker:		PEP	Security ID: 713448108
Meeting Date: MAY 7, 2008			Meeting Type: Annual
Record Date: MAR 7, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director I.M. Cook			For	For	Management
2	Elect Director D. Dublon			For	For	Management
3	Elect Director V.J. Dzau			For	For	Management
4	Elect Director R.L. Hunt			For	For	Management
5	Elect Director A. Ibarguen			For	For	Management
6	Elect Director A.C. Martinez			For	For	Management
7	Elect Director I.K. Nooyi			For	For	Management
8	Elect Director S.P. Rockefeller			For	For	Management
9	Elect Director J.J. Schiro			For	For	Management
10	Elect Director L.G. Trotter			For	For	Management
11	Elect Director D.Vasella			For	For	Management
12	Elect Director M.D. White			For	For	Management
13	Ratify Auditors			For	For	Management
14	Report on Recycling			Against	Against	Shareholder
15	Report on Genetically Engineered Products Against				Against	Shareholder
16	Report on Human Rights Policies Relating			Against	Against	Shareholder
	to Water Use
17	Report on Global Warming			Against	Against	Shareholder
18	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation

--------------------------------------------------------------------------------

PG&E CORP.
Ticker:		PCG	Security ID: 69331C108
Meeting Date: MAY 14, 2008			Meeting Type: Annual
Record Date: MAR 17, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director David R. Andrews			For	For	Management
2	Elect Director C. Lee Cox			For	For	Management
3	Elect Director Peter A. Darbee			For	For	Management
4	Elect Director Maryellen C. Herringer			For	For	Management
5	Elect Director Richard A. Meserve			For	For	Management
6	Elect Director Mary S. Metz			For	For	Management
7	Elect Director Barbara L. Rambo			For	For	Management
8	Elect Director Barry Lawson Williams			For	For	Management
9	Ratify Auditors			For	For	Management
10	Report on CEO Contribution to Operation			Against	Against	Shareholder
	of Company
11	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation
12	Require Independent Lead Director			Against	Against	Shareholder

--------------------------------------------------------------------------------

PIXELWORKS, INC.

Ticker:		PXLW	Security ID:	72581M107
Meeting Date: MAY 20, 2008			Meeting Type: Annual
Record Date:		MAR 24, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director Allen H. Alley		For	For	Management
1.2	Elect	Director Mark A. Christensen		For	For	Management
1.3	Elect	Director James R. Fiebiger		For	For	Management
1.4	Elect	Director C. Scott Gibson		For	For	Management
1.5	Elect	Director Daniel J. Heneghan		For	For	Management
1.6	Elect	Director Hans H. Olsen		For	For	Management
1.7	Elect	Director Bruce A. Walicek		For	For	Management
2	Amend Stock Option Plan			For	For	Management
3	Approve Reverse Stock Split			For	For	Management
4	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

PLUM CREEK TIMBER COMPANY, INC.
Ticker:		PCL	Security ID:	729251108
Meeting Date: MAY 7, 2008			Meeting Type: Annual
Record Date: MAR 10, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Rick R. Holley			For	For	Management
2	Elect Director Ian B. Davidson			For	For	Management
3	Elect Director Robin Josephs			For	For	Management
4	Elect Director John G. McDonald			For	For	Management
5	Elect Director Robert B. McLeod			For	For	Management
6	Elect Director John F. Morgan, Sr.			For	For	Management
7	Elect Director John H. Scully			For	For	Management
8	Elect Director Stephen C. Tobias			For	For	Management
9	Elect Director Martin A. White			For	For	Management
10	Ratify Auditors			For	For	Management
11	Report on Political Contributions			Against	Against	Shareholder

--------------------------------------------------------------------------------

POLYCOM, INC.
Ticker:		PLCM	Security ID: 73172K104
Meeting Date: MAY 27, 2008			Meeting Type: Annual
Record Date: APR 4, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Robert C. Hagerty			For	For	Management
1.2	Elect Director Michael R. Kourey			For	For	Management
1.3	Elect Director Betsy S. Atkins			For	For	Management
1.4	Elect Director David G. Dewalt			For	For	Management
1.5	Elect Director John A. Kelley, Jr.			For	For	Management
1.6	Elect Director Kevin J. Kennedy			For	For	Management
1.7	Elect Director D. Scott Mercer			For	For	Management
1.8	Elect Director William A. Owens			For	For	Management
1.9	Elect Director Kevin T. Parker			For	For	Management

2	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
POTASH CORPORATION OF SASKATCHEWAN INC.
Ticker:		POT	Security ID: 73755L107
Meeting Date: MAY 8, 2008			Meeting Type: Annual/Special
Record Date:		MAR 13, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director W.J. Doyle		For	For	Management
1.2	Elect	Director J.W. Estey		For	For	Management
1.3	Elect	Director W. Fetzer III		For	For	Management
1.4	Elect	Director C.S. Hoffman		For	For	Management
1.5	Elect	Director D.J. Howe		For	For	Management
1.6	Elect	Director A.D. Laberge		For	For	Management
1.7	Elect	Director K.G. Martell		For	For	Management
1.8	Elect	Director J.J. McCaig		For	For	Management
1.9	Elect	Director M. Mogford		For	For	Management
1.10	Elect	Director P.J. Schoenhals		For	For	Management
1.11	Elect	Director E.R. Stromberg		For	For	Management
1.12	Elect	Director E. Viyella De Paliza		For	For	Management
2	Ratify Deloitte & Touche LLP as Auditors			For	For	Management
3	Approve 2008 Performance Option Plan			For	For	Management
4	SP - Establish SERP Policy			Against	Against	Shareholder

--------------------------------------------------------------------------------

PRECISION CASTPARTS CORP.
Ticker:		PCP	Security ID: 740189105
Meeting Date: AUG 14, 2007			Meeting Type: Annual
Record Date: JUN 21, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Peter R. Bridenbaugh			For	For	Management
1.2	Elect Director Steven G. Rothmeier			For	For	Management
1.3	Elect Director Rick Schmidt			For	For	Management
1.4	Elect Director Daniel J. Murphy			For	For	Management
2	Approve Executive Incentive Bonus Plan			For	For	Management

--------------------------------------------------------------------------------

PROCTER & GAMBLE COMPANY, THE
Ticker:		PG	Security ID:	742718109
Meeting Date: OCT 9, 2007			Meeting Type: Annual
Record Date:		AUG 10, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Rajat K. Gupta			For	For	Management
1.2	Elect Director A. G. Lafley			For	For	Management
1.3	Elect Director Lynn M. Martin			For	For	Management

1.4	Elect Director Johnathan A. Rodgers	For	For	Management
1.5	Elect Director John F. Smith, Jr.	For	For	Management
1.6	Elect Director Ralph Snyderman, M.D.	For	For	Management
1.7	Elect Director Margaret C. Whitman	For	For	Management
2	Ratify Auditor	For	For	Management
3	Prohibit Executive Stock-Based Awards	Against	Against	Shareholder
4	Report on Free Enterprise Initiatives	Against	Against	Shareholder
5	Report on Animal Welfare	Against	Against	Shareholder

--------------------------------------------------------------------------------

QLOGIC CORP.
Ticker:		QLGC	Security ID:	747277101
Meeting Date: AUG 23, 2007			Meeting Type: Annual
Record Date:		JUL 2, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director H.K. Desai		For	For	Management
1.2	Elect	Director Joel S. Birnbaum		For	For	Management
1.3	Elect	Director Larry R. Carter		For	For	Management
1.4	Elect	Director James R. Fiebiger		For	For	Management
1.5	Elect	Director Balakrishnan S. Iyer		For	For	Management
1.6	Elect	Director Carol L. Miltner		For	For	Management
1.7	Elect	Director George D. Wells		For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

QUALCOMM INC.
Ticker:		QCOM	Security ID:	747525103
Meeting Date: MAR 11, 2008			Meeting Type: Annual
Record Date: JAN 14, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Barbara T. Alexander			For	For	Management
1.2	Elect Director Donald G. Cruickshank			For	For	Management
1.3	Elect Director Raymond V. Dittamore			For	For	Management
1.4	Elect Director Irwin Mark Jacobs			For	For	Management
1.5	Elect Director Paul E. Jacobs			For	For	Management
1.6	Elect Director Robert E. Kahn			For	For	Management
1.7	Elect Director Sherry Lansing			For	For	Management
1.8	Elect Director Duane A. Nelles			For	Withhold	Management
1.9	Elect Director Marc I. Stern			For	For	Management
1.10	Elect Director Brent Scowcroft			For	For	Management
2	Amend Omnibus Stock Plan			For	For	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

QUEST SOFTWARE, INC.

Ticker:

QSFT

Security ID: 74834T103

Meeting Date: MAY 8, 2008		Meeting Type: Annual
Record Date: MAR 14, 2008
#	Proposal		Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Vincent C. Smith		For	For	Management
1.2	Elect Director Raymond J. Lane		For	For	Management
1.3	Elect Director Jerry Murdock, Jr.		For	Withhold	Management
1.4	Elect Director Augustine L. Nieto II		For	For	Management
1.5	Elect Director Kevin M. Klausmeyer		For	For	Management
1.6	Elect Director Paul A. Sallaberry		For	For	Management
1.7	Elect Director H. John Dirks		For	For	Management
2	Approve Omnibus Stock Plan		For	For	Management
3	Amend Executive Incentive Bonus Plan		For	For	Management
4	Ratify Auditors		For	For	Management

--------------------------------------------------------------------------------

RED LION HOTELS CORP.
Ticker:		RLH	Security ID:	756764106
Meeting Date: MAY 22, 2008			Meeting Type: Annual
Record Date: MAR 31, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Richard L. Barbieri			For	For	Management
1.2	Elect Director Jon E. Eliassen			For	For	Management
1.3	Elect Director Anupam Narayan			For	For	Management
2	Ratify Auditors			For	For	Management
3	Approve Qualified Employee Stock Purchase For				For	Management
	Plan

--------------------------------------------------------------------------------

RELIANCE STEEL & ALUMINUM CO.
Ticker:		RS	Security ID: 759509102
Meeting Date: MAY 21, 2008			Meeting Type: Annual
Record Date: APR 1, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Thomas W. Gimbel			For	For	Management
1.2	Elect Director David H. Hannah			For	For	Management
1.3	Elect Director Mark V. Kaminski			For	For	Management
1.4	Elect Director Gregg J. Mollins			For	For	Management
1.5	Elect Director Andrew G. Sharkey III			For	For	Management
2	Approve Executive Incentive Bonus Plan			For	For	Management
3	Ratify Auditors			For	For	Management
4	Other Business			For	Against	Management

--------------------------------------------------------------------------------

RESMED, INC.

Ticker:

RMD

Security ID: 761152107

Meeting Date: NOV 8, 2007		Meeting Type: Annual
Record Date: SEP 11, 2007
#	Proposal		Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Michael A. Quinn		For	For	Management
1.2	Elect Director Richard Sulpizio		For	For	Management
2	Ratify Auditors		For	For	Management

--------------------------------------------------------------------------------

ROBERT HALF INTERNATIONAL INC.

Ticker:		RHI	Security ID:	770323103
Meeting Date: MAY 6, 2008			Meeting Type: Annual
Record Date: MAR 11, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Andrew S. Berwick, Jr.			For	For	Management
1.2	Elect Director Frederick P. Furth			For	For	Management
1.3	Elect Director Edward W. Gibbons			For	For	Management
1.4	Elect Director Harold M. Messmer, Jr.			For	For	Management
1.5	Elect Director Thomas J. Ryan			For	For	Management
1.6	Elect Director J. Stephen Schaub			For	For	Management
1.7	Elect Director M. Keith Waddell			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Omnibus Stock Plan			For	Against	Management

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ROSS STORES, INC.
Ticker:		ROST	Security ID:	778296103
Meeting Date: MAY 22, 2008			Meeting Type: Annual
Record Date: MAR 28, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Stuart G. Moldaw			For	For	Management
1.2	Elect Director George P. Orban			For	For	Management
1.3	Elect Director Donald H. Seiler			For	For	Management
2	Approve Omnibus Stock Plan			For	For	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

SAFEWAY INC.
Ticker:		SWY		Security ID:	786514208
Meeting Date: MAY			14, 2008	Meeting Type: Annual
Record Date:		MAR	17, 2008
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1	Elect Director Steven A. Burd				For	For	Management
2	Elect Director Janet E. Grove				For	For	Management
3	Elect Director Mohan Gyani				For	For	Management

4	Elect Director Paul Hazen	For	For	Management
5	Elect Director Frank C. Herringer	For	For	Management
6	Elect Director Robert I. MacDonnell	For	For	Management
7	Elect Director Douglas J. MacKenzie	For	For	Management
8	Elect Director Kenneth W. Oder	For	For	Management
9	Elect Director Rebecca A. Stirn	For	For	Management
10	Elect Director William Y. Tauscher	For	For	Management
11	Elect Director Raymond G. Viault	For	For	Management
12	Ratify Auditors	For	For	Management
13	Provide for Cumulative Voting	Against	For	Shareholder
14	Submit SERP to Shareholder Vote	Against	For	Shareholder
15	Adopt Policy on 10b5-1 Plans	Against	For	Shareholder

--------------------------------------------------------------------------------

SCHLUMBERGER LTD.
Ticker:		SLB	Security ID: 806857108
Meeting Date: APR 9, 2008			Meeting Type: Annual
Record Date:		FEB 20, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director P. Camus		For	For	Management
1.2	Elect	Director J.S. Gorelick		For	For	Management
1.3	Elect	Director A. Gould		For	For	Management
1.4	Elect	Director T. Isaac		For	For	Management
1.5	Elect	Director N. Kudryavtsev		For	For	Management
1.6	Elect	Director A. Lajous		For	For	Management
1.7	Elect	Director M.E. Marks		For	For	Management
1.8	Elect	Director D. Primat		For	For	Management
1.9	Elect	Director L.R. Reif		For	For	Management
1.10	Elect	Director T.I. Sandvold		For	For	Management
1.11	Elect	Director N. Seydoux		For	For	Management
1.12	Elect	Director L.G. Stuntz		For	For	Management
2	ADOPTION AND APPROVAL OF FINANCIALS AND			For	For	Management
	DIVIDENDS
3	APPROVAL OF ADOPTION OF THE SCHLUMBERGER			For	For	Management
	2008 STOCK INCENTIVE PLAN
4	APPROVAL OF INDEPENDENT REGISTERED PUBLIC For				For	Management
	ACCOUNTING FIRM

--------------------------------------------------------------------------------

SCHNITZER STEEL INDUSTRIES, INC.
Ticker:		SCHN	Security ID:	806882106
Meeting Date: JAN 30, 2008			Meeting Type: Annual
Record Date: NOV 30, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Jill Schnitzer Edelson			For	For	Management
1.2	Elect Director Judith A. Johansen			For	For	Management
1.3	Elect Director Mark L. Palmquist			For	For	Management
1.4	Elect Director Ralph R. Shaw			For	For	Management

--------------------------------------------------------------------------------

SEMPRA ENERGY
Ticker:		SRE	Security ID: 816851109
Meeting Date: MAY 22, 2008			Meeting Type: Annual
Record Date: APR 4, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Richard A. Collato			For	For	Management
2	Elect Director Wilford D. Godbold Jr.			For	For	Management
3	Elect Director Richard G. Newman			For	For	Management
4	Elect Director Carlos Ruiz Sacristan			For	For	Management
5	Elect Director William C. Rusnack			For	For	Management
6	Elect Director William P. Rutledge			For	For	Management
7	Elect Director Lynn Schenk			For	For	Management
8	Elect Director Neal E. Schmale			For	For	Management
9	Ratify Auditors			For	For	Management
10	Approve Omnibus Stock Plan			For	For	Management
11	Eliminate Supermajority Vote Requirement			For	For	Management
12	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation

--------------------------------------------------------------------------------

SIRF TECHNOLOGY HOLDINGS, INC
Ticker:		SIRF	Security ID:	82967H101
Meeting Date: MAY 6, 2008			Meeting Type: Annual
Record Date: MAR 3, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director James Smaha			For	For	Management
1.2	Elect Director Sam Srinivasan			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

SPRINT NEXTEL CORP
Ticker:		S	Security ID: 852061100
Meeting Date: MAY 13, 2008			Meeting Type: Annual
Record Date: MAR 14, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Robert R. Bennett			For	For	Management
2	Elect Director Gordon M. Bethune			For	For	Management
3	Elect Director Larry C. Glasscock			For	For	Management
4	Elect Director James H. Hance, Jr.			For	For	Management
5	Elect Director Daniel R. Hesse			For	For	Management
6	Elect Director V. Janet Hill			For	For	Management
7	Elect Director Irvine O. Hockaday, Jr.			For	For	Management
8	Elect Director Rodney O?Neal			For	For	Management
9	Elect Director Ralph V. Whitworth			For	For	Management

10	Ratify Auditors		For	For	Management
11	Amend Articles/Bylaws/Charter	-- Call	Against	For	Shareholder
	Special Meetings

--------------------------------------------------------------------------------

STANCORP FINANCIAL GROUP, INC.

Ticker:		SFG	Security ID:	852891100
Meeting Date: MAY 5, 2008			Meeting Type: Annual
Record Date: MAR 3, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Frederick W Buckman			For	For	Management
1.2	Elect Director John E Chapoton			For	For	Management
1.3	Elect Director Ronald E Timpe			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Omnibus Stock Plan			For	For	Management
4	Amend Shareholder Rights Plan (Poison			For	For	Management
	Pill)

--------------------------------------------------------------------------------

STARBUCKS CORP.
Ticker:		SBUX	Security ID:	855244109
Meeting Date: MAR 19, 2008			Meeting Type: Annual
Record Date: JAN 11, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Howard Schultz			For	For	Management
2	Elect Director Barbara Bass			For	For	Management
3	Elect Director William W. Bradley			For	For	Management
4	Elect Director Mellody Hobson			For	For	Management
5	Elect Director Olden Lee			For	For	Management
6	Elect Director James G. Shennan, Jr.			For	For	Management
7	Elect Director Javier G. Teruel			For	For	Management
8	Elect Director Myron E. Ullman, III			For	For	Management
9	Elect Director Craig E. Weatherup			For	For	Management
10	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

STRYKER CORP.
Ticker:		SYK	Security ID:	863667101
Meeting Date: APR 23, 2008			Meeting Type: Annual
Record Date: FEB 29, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director John W. Brown			For	For	Management
1.2	Elect Director Howard E. Cox, Jr.			For	For	Management
1.3	Elect Director Donald M. Engelman			For	For	Management
1.4	Elect Director Jerome H. Grossman			For	For	Management

1.5	Elect Director Louise L. Francesconi	For	For	Management
1.6	Elect Director Stephen P. MacMillan	For	For	Management
1.7	Elect Director William U. Parfet	For	For	Management
1.8	Elect Director Ronda E. Stryker	For	For	Management
2	Ratify Auditors	For	For	Management
3	Approve Qualified Employee Stock Purchase For		For	Management
	Plan

--------------------------------------------------------------------------------

SUN HEALTHCARE GROUP, INC.
Ticker:		SUNH	Security ID:	866933401
Meeting Date: JUN 6, 2008			Meeting Type: Annual
Record Date: APR 18, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Gregory S. Anderson			For	For	Management
2	Elect Director Tony M. Astorga			For	For	Management
3	Elect Director Christian K. Bement			For	For	Management
4	Elect Director Michael J. Foster			For	For	Management
5	Elect Director Barbara B. Kennelly			For	For	Management
6	Elect Director Steven M. Looney			For	For	Management
7	Elect Director Richard K. Matros			For	For	Management
8	Elect Director Milton J. Walters			For	For	Management
9	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

SYMYX TECHNOLOGIES, INC.
Ticker:		SMMX	Security ID:	87155S108
Meeting Date: JUN 16, 2008			Meeting Type: Annual
Record Date: APR 17, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Bruce Pasternack			For	For	Management
2	Approve Stock Option Exchange Program			For	For	Management
3	Amend Omnibus Stock Plan			For	For	Management
4	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

TECHNE CORP.
Ticker:		TECH	Security ID:	878377100
Meeting Date: OCT 25, 2007			Meeting Type: Annual
Record Date:		SEP 14, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Fix Number of Directors			For	For	Management
2.1	Elect Director Thomas E. Oland			For	For	Management
2.2	Elect Director Roger C. Lucas, Ph.D.			For	For	Management
2.3	Elect Director Howard V. O'Connell			For	For	Management

2.4	Elect Director G. Arthur Herbert	For	For	Management
2.5	Elect Director R.C. Steer, M.D., Ph.D.	For	For	Management
2.6	Elect Director Robert V. Baumgartner	For	For	Management
2.7	Elect Director C.A. Dinarello, M.D.	For	For	Management
2.8	Elect Director K.A. Holbrook, Ph.D.	For	For	Management

--------------------------------------------------------------------------------

TEKTRONIX, INC.
Ticker:		TEK	Security ID:	879131100
Meeting Date: SEP 27, 2007			Meeting Type: Annual
Record Date:		JUL 23, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director Pauline Lo Alker		For	For	Management
1.2	Elect	Director A. Gary Ames		For	For	Management
1.3	Elect	Director Gerry B. Cameron		For	For	Management
1.4	Elect	Director David N. Campbell		For	For	Management
1.5	Elect	Director Frank C. Gill		For	For	Management
1.6	Elect	Director Kaj Juul-Pedersen		For	For	Management
1.7	Elect	Director Robin L. Washington		For	For	Management
1.8	Elect	Director Richard H. Wills		For	For	Management
1.9	Elect	Director Cyril J. Yansouni		For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

TELEDYNE TECHNOLOGIES, INC.
Ticker:		TDY	Security ID:	879360105
Meeting Date: APR 23, 2008			Meeting Type: Annual
Record Date: MAR 3, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Roxanne S. Austin			For	For	Management
1.2	Elect Director Robert P. Bozzone			For	For	Management
1.3	Elect Director Frank V. Cahouet			For	For	Management
1.4	Elect Director Kenneth C. Dahlberg			For	For	Management
2	Approve Omnibus Stock Plan			For	For	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

TOYOTA MOTOR CORP.
Ticker:		7203	Security ID: 892331307
Meeting Date: JUN 24, 2008			Meeting Type: Annual
Record Date: MAR 28, 2008
#	Proposal		Mgt Rec	Vote Cast	Sponsor
1	Approve Allocation of Income, with a For			For	Management
	Final Dividend of JY		75
2	Elect 30 Directors		For	Against	Management

3	Approve Stock Option Plan	For	For	Management
4	Authorize Share Repurchase Program	For	For	Management
5	Approve Special Payments in Connection	For	Against	Management
	with Abolition of Retirement Bonus System
6	Approve Adjustment to Aggregate	For	For	Management
	Compensation Ceiling for Statutory
	Auditors
7	Approve Payment of Annual Bonuses to	For	For	Management
	Directors and Statutory Auditors

--------------------------------------------------------------------------------

TRIMBLE NAVIGATION LTD.
Ticker:		TRMB	Security ID: 896239100
Meeting Date: MAY 22, 2008			Meeting Type: Annual
Record Date:		MAR 24, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director Steven W. Berglund		For	For	Management
1.2	Elect	Director John B. Goodrich		For	For	Management
1.3	Elect	Director William Hart		For	For	Management
1.4	Elect	Director Merit E. Janow		For	For	Management
1.5	Elect	Director Ulf J. Johansson		For	For	Management
1.6	Elect	Director Bradford W. Parkinson		For	For	Management
1.7	Elect	Director Nickolas W. Vande Steeg		For	For	Management
2	Amend Qualified Employee Stock Purchase			For	For	Management
	Plan
3	Ratify Auditors			For	For	Management
4	Other Business			For	Against	Management

--------------------------------------------------------------------------------

U.S. BANCORP
Ticker:		USB	Security ID: 902973304
Meeting Date: APR 15, 2008			Meeting Type: Annual
Record Date: FEB 25, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Douglas M. Baker, Jr.			For	For	Management
2	Elect Director Joel W. Johnson			For	For	Management
3	Elect Director David B. O'Maley			For	For	Management
4	Elect Director O'Dell M. Owens			For	For	Management
5	Elect Director Craig D. Schnuck			For	For	Management
6	Ratify Auditors			For	For	Management
7	Advisory Vote to Ratify Named Executive			Against	For	Shareholder
	Officers' Compensation
8	Require Independent Board Chairman			Against	Against	Shareholder

--------------------------------------------------------------------------------

UCBH HOLDINGS, INC.

Ticker:		UCBH	Security ID:	90262T308
Meeting Date: MAY 22, 2008			Meeting Type: Annual
Record Date: MAR 31, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Li-Lin Ko			For	For	Management
2	Elect Director Richard Li-Chung Wang			For	For	Management
3	Elect Director Dennis Wu			For	For	Management
4	Declassify the Board of Directors			For	For	Management
5	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

UNIONBANCAL CORP.
Ticker:		UB	Security ID:	908906100
Meeting Date: MAY 22, 2008			Meeting Type: Annual
Record Date: MAR 28, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Aida M. Alvarez			For	For	Management
1.2	Elect Director David R. Andrews			For	For	Management
1.3	Elect Director Nicholas B. Binkley			For	For	Management
1.4	Elect Director L. Dale Crandall			For	Withhold	Management
1.5	Elect Director Murray H. Dashe			For	For	Management
1.6	Elect Director Richard D. Farman			For	For	Management
1.7	Elect Director Philip B. Flynn			For	For	Management
1.8	Elect Director Christine Garvey			For	For	Management
1.9	Elect Director Michael J. Gillfillan			For	For	Management
1.10	Elect Director Mohan S. Gyani			For	For	Management
1.11	Elect Director Ronald L. Havner, Jr.			For	For	Management
1.12	Elect Director Norimichi Kanari			For	For	Management
1.13	Elect Director Mary S. Metz			For	For	Management
1.14	Elect Director Shigemitsu Miki			For	Withhold	Management
1.15	Elect Director J. Fernando Niebla			For	For	Management
1.16	Elect Director Kyota Omori			For	For	Management
1.17	Elect Director Barbara L. Rambo			For	For	Management
1.18	Elect Director Masaaki Tanaka			For	For	Management
1.19	Elect Director Dean A. Yoost			For	For	Management
2	Amend Omnibus Stock Plan			For	Against	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

UNITED PANAM FINANCIAL CORP.
Ticker:		UPFC	Security ID:	911301109
Meeting Date: JUL 10, 2007			Meeting Type: Annual
Record Date: MAY 17, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Guillermo Bron			For	For	Management
1.2	Elect Director Ray C. Thousand			For	For	Management
1.3	Elect Director Luis Maizel			For	Withhold	Management
1.4	Elect Director Julie Sullivan			For	For	Management

2	Amend Omnibus Stock Plan	For	Against	Management
3	Ratify Auditors	For	For	Management

--------------------------------------------------------------------------------

VARIAN MEDICAL SYSTEMS INC
Ticker:		VAR	Security ID:	92220P105
Meeting Date: FEB 14, 2008			Meeting Type: Annual
Record Date: DEC 17, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Susan L. Bostrom			For	For	Management
1.2	Elect Director Steven A. Leibel			For	For	Management
1.3	Elect Director Richard M. Levy			For	For	Management
2	Amend Omnibus Stock Plan			For	For	Management
3	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

VCA ANTECH, INC.
Ticker:		WOOF	Security ID: 918194101
Meeting Date: JUN 4, 2008			Meeting Type: Annual
Record Date:		APR 21, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director John B. Chickering, Jr.			For	For	Management
1.2	Elect Director John Heil			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

VERISIGN, INC.
Ticker:		VRSN	Security ID:	92343E102
Meeting Date: AUG 30, 2007			Meeting Type: Annual
Record Date: JUL 13, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director D. James Bidzos			For	Withhold	Management
1.2	Elect Director William L. Chenevich			For	Withhold	Management
1.3	Elect Director Louis A. Simpson			For	Withhold	Management
2	Declassify the Board of Directors			For	For	Management
3	Approve Qualified Employee Stock Purchase For				For	Management
	Plan
4	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

VERISIGN, INC.

Ticker:

VRSN

Security ID: 92343E102

Meeting Date: MAY 29, 2008		Meeting Type: Annual
Record Date: MAR 31, 2008
#	Proposal		Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director D. James Bidzos		For	For	Management
1.2	Elect Director William L. Chenevich		For	For	Management
1.3	Elect Director Kathleen A. Cote		For	For	Management
1.4	Elect Director John D. Roach		For	For	Management
1.5	Elect Director Louis A. Simpson		For	For	Management
1.6	Elect Director Timothy Tomlinson		For	For	Management
2	Ratify Auditors		For	For	Management

--------------------------------------------------------------------------------

WALT DISNEY COMPANY, THE
Ticker:		DIS	Security ID:	254687106
Meeting Date: MAR 6, 2008			Meeting Type: Annual
Record Date: JAN 7, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Susan E.		Arnold	For	For	Management
2	Elect Director John E.		Bryson	For	For	Management
3	Elect Director John S.		Chen	For	For	Management
4	Elect Director Judith L. Estrin			For	For	Management
5	Elect Director Robert A. Iger			For	For	Management
6	Elect Director Steven P. Jobs			For	Against	Management
7	Elect Director Fred H. Langhammer			For	For	Management
8	Elect Director Aylwin B. Lewis			For	For	Management
9	Elect Director Monica C. Lozano			For	For	Management
10	Elect Director Robert W. Matschullat			For	For	Management
11	Elect Director John E. Pepper, Jr.			For	For	Management
12	Elect Director Orin C. Smith			For	For	Management
13	Ratify Auditors			For	For	Management
14	Amend Omnibus Stock Plan			For	For	Management
15	Amend Executive Incentive Bonus Plan			For	For	Management

--------------------------------------------------------------------------------

WASHINGTON FEDERAL, INC.
Ticker:		WFSL	Security ID:	938824109
Meeting Date: JAN 22, 2008			Meeting Type: Annual
Record Date: NOV 23, 2007
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Anna C. Johnson			For	For	Management
1.2	Elect Director Thomas F. Kenney			For	For	Management
1.3	Elect Director Charles R. Richmond			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

WASTE CONNECTIONS, INC.

Ticker:		WCN	Security ID:	941053100
Meeting Date: MAY 15, 2008			Meeting Type: Annual
Record Date:		MAR 17, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Robert H. Davis			For	For	Management
2	Amend Omnibus Stock Plan			For	For	Management
3	Amend Executive Incentive Bonus Plan			For	For	Management
4	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

WATSON PHARMACEUTICALS, INC.
Ticker:		WPI	Security ID:	942683103
Meeting Date: MAY 9, 2008			Meeting Type: Annual
Record Date: MAR 21, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Paul M. Bisaro			For	For	Management
1.2	Elect Director Michael J. Fedida			For	For	Management
1.3	Elect Director Albert F. Hummel			For	For	Management
1.4	Elect Director Catherine M. Klema			For	For	Management
2	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

WELLS FARGO AND COMPANY
Ticker:		WFC	Security ID:	949746101
Meeting Date: APR 29, 2008			Meeting Type: Annual
Record Date: FEB 29, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director John S. Chen			For	For	Management
2	Elect Director Lloyd H. Dean			For	For	Management
3	Elect Director Susan E. Engel			For	For	Management
4	Elect Director Enrique Hernandez, Jr.			For	For	Management
5	Elect Director Robert L. Joss			For	For	Management
6	Elect Director Richard M. Kovacevich			For	For	Management
7	Elect Director Richard D. McCormick			For	For	Management
8	Elect Director Cynthia H. Milligan			For	Against	Management
9	Elect Director Nicholas G. Moore			For	For	Management
10	Elect Director Philip J. Quigley			For	Against	Management
11	Elect Director Donald B. Rice			For	Against	Management
12	Elect Director Judith M. Runstad			For	For	Management
13	Elect Director Stephen W. Sanger			For	For	Management
14	Elect Director John G. Stumpf			For	For	Management
15	Elect Director Susan G. Swenson			For	For	Management
16	Elect Director Michael W. Wright			For	Against	Management
17	Ratify Auditors			For	For	Management
18	Amend Executive Incentive Bonus Plan			For	For	Management
19	Amend Omnibus Stock Plan			For	For	Management
20	Require Independent Board Chairman			Against	For	Shareholder

21	Advisory Vote to Ratify Named Executive	Against	For	Shareholder
	Officers' Compensation
22	Pay For Superior Performance	Against	For	Shareholder
23	Report on Human Rights Investment	Against	Against	Shareholder
	Policies
24	Adopt EEO Policy Without Reference to	Against	Against	Shareholder
	Sexual Orientation
25	Report on Racial and Ethnic Disparities	Against	Against	Shareholder
	in Loan Pricing

--------------------------------------------------------------------------------

WEYERHAEUSER CO.
Ticker:		WY	Security ID:	962166104
Meeting Date: APR 17, 2008			Meeting Type: Annual
Record Date: FEB 22, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director John I. Kieckhefer			For	Against	Management
2	Elect Director Arnold G. Langbo			For	Against	Management
3	Elect Director Charles R. Williamson			For	Against	Management
4	Require Independent Board Chairman			Against	For	Shareholder
5	Ratify Auditors			For	For	Management

--------------------------------------------------------------------------------

ZIMMER HOLDINGS INC
Ticker:		ZMH	Security ID: 98956P102
Meeting Date: MAY 5, 2008			Meeting Type: Annual
Record Date: MAR 6, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director David C. Dvorak			For	For	Management
2	Elect Director Robert A. Hagemann			For	For	Management
3	Elect Director Arthur J. Higgins			For	For	Management
4	Elect Director Cecil B. Pickett			For	For	Management
5	Ratify Auditors			For	For	Management
6	Amend Executive Incentive Bonus Plan			For	For	Management
7	Eliminate Supermajority Vote Requirement			For	For	Management

--------------------------------------------------------------------------------

ZIONS BANCORPORATION
Ticker:		ZION	Security ID: 989701107
Meeting Date: APR 24, 2008			Meeting Type: Annual
Record Date:		FEB 19, 2008
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Jerry C. Atkin			For	For	Management
2	Elect Director Stephen D. Quinn			For	For	Management
3	Elect Director Shelley Thomas Williams			For	For	Management

4	Declassify the Board of Directors	None	For	Shareholder
5	Ratify Auditors	For	For	Management
6	Other Business	For	Against	Management

========== END NPX REPORT

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/13/08 -	Accor		F00189120			05/08/08		3,400
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Discharge Directors
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 3.15 per Share
	4	Approve Transaction with FNAC		For	For		Mgmt
	5	Approve Transaction with Societe		For	For		Mgmt
		Generale and BNP Paribas
	6	Approve Transaction with Compagnie		For	For		Mgmt
		Internationale des Wagons Lits et du
		Tourisme
	7	Approve Transaction with Caisse des		For	For		Mgmt
		Depots et Consignations
	8	Approve Transaction with Gilles		For	Against		Mgmt
		Pelisson
	9	Approve Transaction with Paul Dubrule		For	For		Mgmt
		and Gerard Pelisson
	10	Approve Transaction with Societe		For	Against		Mgmt
		Generale and BNP Paribas
	11	Authorize Repurchase of Up to Ten		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	12	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	13	Approve Stock Option Plans Grants		For	For		Mgmt
	14	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	15	Authorize up to 0.5 Percent of Issued		For	For		Mgmt
		Capital for Use in Restricted Stock Plan
	16	Approve Sale of Company Assets to		For	For		Mgmt
		SoLuxury HMC
	17	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/09/08 - A	Allegheny Technologies		01741R102			03/12/08		2,850
	Incorporated *ATI*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
05/28/08 - A	Altria Group, Inc. *MO*		02209S103			04/04/08		6,400
	1	Elect Director Elizabeth E. Bailey		For	For		Mgmt
	2	Elect Director Gerald L. Baliles		For	For		Mgmt
	3	Elect Director Dinyar S. Devitre		For	For		Mgmt

Page 1

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Elect Director Thomas F. Farrell II		For	For		Mgmt
	5	Elect Director Robert E. R. Huntley		For	For		Mgmt
	6	Elect Director Thomas W. Jones		For	For		Mgmt
	7	Elect Director George Mu oz		For	For		Mgmt
	8	Elect Director Michael E. Szymanczyk		For	For		Mgmt
	9	Ratify Auditors		For	For		Mgmt
	10	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	11	Provide for Cumulative Voting		Against	For		ShrHoldr
	12	Adopt the Marketing and Advertising		Against	Against		ShrHoldr
		Provisions of the U.S. Master
		Settlement Agreement Globally
	13	Cease Advertising Campaigns Oriented		Against	Against		ShrHoldr
		to Prevent Youth Smoking
	14	Implement the "Two Cigarette"		Against	Against		ShrHoldr
		Marketing Approach
	15	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
05/08/08 - A	Apache Corp. *APA*		037411105			03/19/08		3,150
	1	Elect Director G. Steven Farris		For	For		Mgmt
	2	Elect Director Randolph M. Ferlic		For	For		Mgmt
	3	Elect Director A. D. Frazier, Jr.		For	For		Mgmt
	4	Elect Director John A. Kocur		For	For		Mgmt
	5	Reimburse Proxy Contest Expenses		Against	Against		ShrHoldr
04/25/08 - A	AT&T Inc *T*		00206R102			02/27/08		6,500
	1	Elect Director Randall L. Stephenson		For	For		Mgmt
	2	Elect Director William F. Aldinger III		For	For		Mgmt
	3	Elect Director Gilbert F. Amelio		For	For		Mgmt
	4	Elect Director Reuben V. Anderson		For	For		Mgmt
	5	Elect Director James H. Blanchard		For	For		Mgmt
	6	Elect Director August A. Busch III		For	For		Mgmt
	7	Elect Director James P. Kelly		For	For		Mgmt
	8	Elect Director Jon C. Madonna		For	For		Mgmt
	9	Elect Director Lynn M. Martin		For	For		Mgmt
	10	Elect Director John B. McCoy		For	For		Mgmt
	11	Elect Director Mary S. Metz		For	For		Mgmt
	12	Elect Director Joyce M. Roche		For	For		Mgmt
	13	Elect Director Laura D' Andrea Tyson		For	For		Mgmt
	14	Elect Director Patricia P. Upton		For	For		Mgmt
	15	Ratify Auditors		For	For		Mgmt
	16	Report on Political Contributions		Against	For		ShrHoldr
	17	Exclude Pension Credits from Earnings		Against	For		ShrHoldr
		Performance Measure
	18	Require Independent Lead Director		Against	For		ShrHoldr
	19	Establish SERP Policy		Against	For		ShrHoldr
	20	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation

Page 2

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
07/06/07 - A	Autodesk, Inc. *ADSK*		052769106			06/01/07		10,331
	1	Elect Director Carol A. Bartz		For	For		Mgmt
	2	Elect Director Carl Bass		For	For		Mgmt
	3	Elect Director Mark A. Bertelsen		For	For		Mgmt
	4	Elect Director Crawford W. Beveridge		For	For		Mgmt
	5	Elect Director J. Hallam Dawson		For	For		Mgmt
	6	Elect Director Michael J. Fister		For	For		Mgmt
	7	Elect Director Per-Kristian Halvorsen		For	For		Mgmt
	8	Elect Director Larry W. Wangberg		For	For		Mgmt
	9	Ratify Auditors		For	For		Mgmt
11/06/07 - S	Autodesk, Inc. *ADSK*		052769106			09/21/07		7,850
	1	Approve Omnibus Stock Plan		For	For		Mgmt
04/22/08 - A	Axa		F06106102			04/17/08		7,650
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.20 per Share
	4	Approve Special Auditors' Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Elect Francois Martineau as		For	For		Mgmt
		Supervisory Board Member
	6	Elect Francis Allemand as		Against	Against		Mgmt
		Representative of Employee
		Shareholders to the Board
	7	Elect Gilles Bernard as Representative		Against	Against		Mgmt
		of Employee Shareholders to the Board
	8	Elect Alain Chourlin as Representative		Against	Against		Mgmt
		of Employee Shareholders to the Board
	9	Elect Wendy Cooper as Representative		For	For		Mgmt
		of Employee Shareholders to the Board
	10	Elect Rodney Koch as Representative		Against	Against		Mgmt
		of Employee Shareholders to the Board
	11	Elect Hans Nasshoven as		Against	Against		Mgmt
		Representative of Employee
		Shareholders to the Board
	12	Elect Frederic Souhard as		Against	Against		Mgmt
		Representative of Employee
		Shareholders to the Board
	13	Elect Jason Steinberg as		Against	Against		Mgmt
		Representative of Employee
		Shareholders to the Board
	14	Elect Andrew Whalen as		Against	Against		Mgmt
		Representative of Employee

Page 3

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Shareholders to the Board
	15	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	16	Authorize up to 1 Percent of Issued		For	For		Mgmt
		Capital for Use in Restricted Stock Plan
	17	Approve Stock Option Plans Grants		For	For		Mgmt
	18	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	19	Approve Employee Stock Purchase		For	For		Mgmt
		Plan for International Employees
	20	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	21	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
04/23/08 - A	Bank of America Corp.		060505104			02/27/08		6,300
	*BAC*
	1	Elect Director William Barnet, III		For	For		Mgmt
	2	Elect Director Frank P. Bramble, Sr.		For	For		Mgmt
	3	Elect Director John T. Collins		For	For		Mgmt
	4	Elect Director Gary L. Countryman		For	For		Mgmt
	5	Elect Director Tommy R. Franks		For	For		Mgmt
	6	Elect Director Charles K. Gifford		For	For		Mgmt
	7	Elect Director Kenneth D. Lewis		For	For		Mgmt
	8	Elect Director Monica C. Lozano		For	For		Mgmt
	9	Elect Director Walter E. Massey		For	For		Mgmt
	10	Elect Director Thomas J. May		For	For		Mgmt
	11	Elect Director Patricia E. Mitchell		For	For		Mgmt
	12	Elect Director Thomas M. Ryan		For	For		Mgmt
	13	Elect Director O. Temple Sloan, Jr.		For	For		Mgmt
	14	Elect Director Meredith R. Spangler		For	For		Mgmt
	15	Elect Director Robert L. Tillman		For	For		Mgmt
	16	Elect Director Jackie M. Ward		For	For		Mgmt
	17	Ratify Auditors		For	For		Mgmt
	18	Limit/Prohibit Executive Stock-Based		Against	Against		ShrHoldr
		Awards
	19	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	20	Limit Executive Compensation		Against	Against		ShrHoldr
	21	Provide for Cumulative Voting		Against	For		ShrHoldr
	22	Require Independent Board Chairman		Against	For		ShrHoldr
	23	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
	24	Report on the Equator Principles		Against	Against		ShrHoldr
	25	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
		Committee on Human Rights

Page 4

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
09/14/07 - S	Barclays plc	G08036124			None		38,950

	1	Approve Merger with ABN AMRO		For	For		Mgmt
		Holding N.V.; Approve Increase in
		Authorised Capital from GBP
		2,500,000,000 to GBP 4,401,000,000;
		Issue Equity with Pre-emptive Rights up
		to GBP 1,225,319,514 in Connection
		with the Merger
	2	Approve Further Increase in Authorised		For	For		Mgmt
		Capital from GBP 4,401,000,000 to
		GBP 4,401,000,000 and EUR
		2,000,000,000;Auth. Issue of
		Preference Shares with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of EUR 2,000,000,000;Adopt
		New Articles of Association
	3	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 981,979,623
	4	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 147,296,943
	5	Authorise 1,700,000,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	6	Approve Cancellation of of the Amount		For	For		Mgmt
		Standing to the Credit of the Share
		Premium Account of the Company
09/14/07 - S	Barclays plc		G08036124			None		38,950
		Class Meeting of the Holders of
		Ordinary Shares of 25 Pence Each
	1	Sanction and Consent to the Passing		For	For		Mgmt
		and Implementation of Resolution 2 Set
		Out in the EGM of the Company on 14
		September 2007; Sanction and
		Consent to Each and Every Variation of
		Rights Attaching to the Ordinary Shares
04/24/08 - A	Barclays plc		G08036124			None		31,950
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Elect David Booth as Director		For	For		Mgmt
	4	Elect Sir Michael Rake as Director		For	For		Mgmt
	5	Elect Patience Wheatcroft as Director		For	For		Mgmt
	6	Re-elect Fulvio Conti as Director		For	For		Mgmt
	7	Re-elect Gary Hoffman as Director		For	For		Mgmt

Page 5

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Re-elect Sir John Sunderland as		For	For		Mgmt
		Director
	9	Re-elect Sir Nigel Rudd as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	12	Authorise the Company to Make EU		For	For		Mgmt
		Political Donations to Political
		Organisations up to GBP 25,000 and to
		Incur EU Political Expenditure up to
		GBP 100,000
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 547,200,000
	14	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 82,080,000
	15	Authorise 984,960,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	16	Authorise Off-Market Purchase of		For	For		Mgmt
		875,000 Issued Staff Shares from
		Barclays Bank UK Retirement Fund
	17	Approve Increase in Authorised		For	For		Mgmt
		Preference Shares to GBP 2.54B, USD
		77.5M, EUR 40.0M and JPY 4.0B;
		Authorise Issue of Equity or Equity-
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 40.0M, USD 77.5M,
		EUR 40.0M and JPY 4.0B
	18	Adopt New Articles of Association		For	For		Mgmt
04/24/08 - S	Barclays plc		G08036124			None		31,950
		Class Meeting of the Holders of
		Ordinary Shares of 25 Pence Each
	1	Sanction and Consent to the Passing		For	For		Mgmt
		and Implementation of Resolution 17
		Set Out in the Notice Convening an
		AGM of the Company for 24 April 2008;
		Sanction and Consent to Each and
		Every Variation of Rights or Privileges
		Attaching to the Ordinary Shares
05/14/08 - A	BG Group plc		G1245Z108			None		7,900
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt

Page 6

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Approve Final Dividend of 5.76 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Elect Dr John Hood as Director		For	For		Mgmt
	5	Re-elect Baroness Hogg as Director		For	For		Mgmt
	6	Re-elect Sir John Coles as Director		For	For		Mgmt
	7	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	8	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	9	Authorise the Company to Make EU		For	For		Mgmt
		Political Donations to Political Parties or
		Independent Election Candidates up to
		GBP 15,000, to Political Organisations
		Other Than Political Parties up to GBP
		15,000 and Incur EU Political
		Expenditure up to GBP 20,000
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 117,078,772
	11	Approve BG Group plc Long Term		For	For		Mgmt
		Incentive Plan 2008
	12	Approve BG Group plc Sharesave Plan		For	For		Mgmt
		2008
	13	Approve BG Group plc Share Incentive		For	For		Mgmt
		Plan 2008
	14	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 16,720,201
	15	Authorise 334,404,035 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	16	Adopt New Articles of Association		For	For		Mgmt
10/25/07 - A	BHP Billiton plc		G10877101			None		11,750
	1	Accept Financial Statements and		For			Mgmt
		Statutory Reports for BHP Billiton Plc
	2	Accept Financial Statements and		For			Mgmt
		Statutory Reports for BHP Billiton
		Limited
	3	Re-elect David Crawford as Director of		For			Mgmt
		BHP Billiton Plc
	4	Re-elect David Crawford as Director of		For			Mgmt
		BHP Billiton Limited
	5	Re-elect Don Argus as Director of BHP		For			Mgmt
		Billiton Plc
	6	Re-elect Don Argus as Director of BHP		For			Mgmt
		Billiton Limited
	7	Re-elect Carlos Cordeiro as Director of		For			Mgmt
		BHP Billiton Plc

Page 7

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Re-elect Carlos Cordeiro as Director of		For			Mgmt
		BHP Billiton Limited
	9	Re-elect Gail de Planque as Director of		For			Mgmt
		BHP Billiton Plc
	10	Re-elect Gail de Planque as Director of		For			Mgmt
		BHP Billiton Limited
	11	Re-elect David Jenkins as Director of		For			Mgmt
		BHP Billiton Plc
	12	Re-elect David Jenkins as Director of		For			Mgmt
		BHP Billiton Limited
	13	Reappoint KPMG Audit Plc as Auditors		For			Mgmt
		of BHP Billiton Plc and Authorise the
		Board to Determine Their
		Remuneration
	14	Authorise Issue of Equity or Equity-		For			Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 278,081,499
	15	Authorise Issue of Equity or Equity-		For			Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 58,200,632
	16	Authorise 232,802,528 BHP Billiton Plc		For			Mgmt
		Ordinary Shares for Market Purchase
	17i	Approve Reduction of Share Capital of		For			Mgmt
		BHP Billiton Plc by the Cancellation of
		All the Issued Paid Up Shares of USD
		0.50 Nominal Value Each Held by BHP
		Billiton Limited on 31 December 2007
	ii	Approve Reduction of Share Capital of		For			Mgmt
		BHP Billiton Plc by the Cancellation of
		All the Issued Paid Up Shares of USD
		0.50 Nominal Value Each Held by BHP
		Billiton Limited on 15 February 2008
	iii	Approve Reduction of Share Capital of		For			Mgmt
		BHP Billiton Plc by the Cancellation of
		All the Issued Paid Up Shares of USD
		0.50 Nominal Value Each Held by BHP
		Billiton Limited on 30 April 2008
	iv	Approve Reduction of Share Capital of		For			Mgmt
		BHP Billiton Plc by the Cancellation of
		All the Issued Paid Up Shares of USD
		0.50 Nominal Value Each Held by BHP
		Billiton Limited on 31 May 2008
	v	Approve Reduction of Share Capital of		For			Mgmt
		BHP Billiton Plc by the Cancellation of
		All the Issued Paid Up Shares of USD
		0.50 Nominal Value Each Held by BHP
		Billiton Limited on 15 June 2008
	vi	Approve Reduction of Share Capital of		For			Mgmt
		BHP Billiton Plc by the Cancellation of
		All the Issued Paid Up Shares of USD

Page 8

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		0.50 Nominal Value Each Held by BHP
		Billiton Limited on 31 July 2008
	vii	Approve Reduction of Share Capital of		For			Mgmt
		BHP Billiton Plc by the Cancellation of
		All the Issued Paid Up Shares of USD
		0.50 Nominal Value Each Held by BHP
		Billiton Limited on 15 September 2008
	viii	Approve Reduction of Share Capital of		For			Mgmt
		BHP Billiton Plc by the Cancellation of
		All the Issued Paid Up Shares of USD
		0.50 Nominal Value Each Held by BHP
		Billiton Limited on 30 November 2008
	18	Approve Remuneration Report		For			Mgmt
	19	Approve Grant of Deferred Shares and		For			Mgmt
		Options under the BHP Billiton Limited
		Group Incentive Scheme and Grant of
		Performance Shares under the BHP
		Billiton Limited Long Term Incentive
		Plan to Executive Director, Marius
		Kloppers
	20	Approve Grant of Deferred Shares and		For			Mgmt
		Options under the BHP Billiton Ltd.
		Group Incentive Scheme to Charles
		Goodyear
	21	Amend Articles of Association of BHP		For			Mgmt
		Billiton Plc Re: Age Limit of Directors
	22	Amend the Constitution of BHP Billiton		For			Mgmt
		Limited Re: Age Limit of Directors
04/24/08 -	Bouygues		F11487125			04/21/08		3,800
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.50 per Share
	4	Approve Special Auditors' Report		For	Against		Mgmt
		Regarding Related-Party Transactions
	5	Reelect Patricia Barbizet as Director		For	For		Mgmt
	6	Elect Herve le Bouc as Director		For	Against		Mgmt
	7	Elect Nonce Paolini as Director		For	Against		Mgmt
	8	Elect Helman Le Pas de Secheval as		For	For		Mgmt
		Director
	9	Authorize Repurchase of Up to Ten		For	Against		Mgmt
		Percent of Issued Share Capital
		Special Business
	10	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares

Page 9

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	11	Approve Stock Option Plans Grants		For	Against		Mgmt
	12	Authorize Board to Issue Free Warrants		For	Against		Mgmt
		with Preemptive Rights During a Public
		Tender Offer or Share Exchange
	13	Allow Board to Use Authorizations		For	Against		Mgmt
		Granted during the 2007 General
		Meeting in the Event of a Public Tender
		Offer or Share Exchange Offer
	14	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
04/16/08 - A	C. R. Bard, Inc. *BCR*		067383109			02/25/08		1,800
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
	5	Require Majority Vote for Non-		For	For		Mgmt
		Contested Election
04/29/08 - A	Capitaland Limited		Y10923103			None		47,000
	1	Adopt Financial Statements and		For	For		Mgmt
		Directors' and Auditors' Reports
	2	Declare First and Final Dividend of		For	For		Mgmt
		SGD 0.08 Per Share and Special
		Dividend of SGD 0.07 Per Share
	3	Approve Directors' Fees of SGD 1.3		For	For		Mgmt
		Million for the Year Ended Dec. 31,
		2007 (2006: SGD 1.1 Million)
	4a	Reelect Hu Tsu Tau as Director		For	For		Mgmt
	4b	Reelect Hsuan Owyang as Director		For	For		Mgmt
	4c	Reelect Lim Chin Beng as Director		For	For		Mgmt
	4d	Reelect Richard Edward Hale as		For	For		Mgmt
		Director
	5a	Reelect Jackson Peter Tai as Director		For	For		Mgmt
	5b	Reelect Victor Fung Kwok King as		For	For		Mgmt
		Director
	6	Reappoint KPMG as Auditors and		For	For		Mgmt
		Authorize Board to Fix Their
		Remuneration
	7	Other Business (Voting)		For	Abstain		Mgmt
	8a	Approve Issuance of Shares without		For	For		Mgmt
		Preemptive Rights
	8b	Approve Issuance of Shares and Grant		For	Against		Mgmt
		of Options and Awards Pursuant to the
		CapitaLand Share Option Plan,
		CapitaLand Performance Share Plan
		and/or CapitaLand Restricted Stock
		Plan

Page 10

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/29/08 - S	Capitaland Limited		Y10923103			None		47,000
	1	Authorize Share Repurchase Program		For	For		Mgmt
	2	Amend Articles of Association		For	For		Mgmt
05/08/08 - A	China Mobile (Hong Kong)		Y14965100			05/05/08		8,500
	Limited
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2a	Approve Final Dividend		For	For		Mgmt
	2b	Approve Special Dividend		For	For		Mgmt
	3a	Reelect Lu Xiangdong as Director		For	For		Mgmt
	3b	Reelect Xue Taohai as Director		For	For		Mgmt
	3c	Reelect Huang Wenlin as Director		For	Against		Mgmt
	3d	Reelect Xin Fanfei as Director		For	For		Mgmt
	3e	Reelect Lo Ka Shui as Director		For	For		Mgmt
	4	Reappoint KPMG as Auditors and		For	For		Mgmt
		Authorize Board to Fix Their
		Remuneration
	5	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	6	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	7	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
11/15/07 - A	Cisco Systems, Inc. *CSCO*		17275R102			09/17/07		17,350
	1	Elect Director Carol A. Bartz		For	For		Mgmt
	2	Elect Director M. Michele Burns		For	For		Mgmt
	3	Elect Director Michael D. Capellas		For	For		Mgmt
	4	Elect Director Larry R. Carter		For	For		Mgmt
	5	Elect Director John T. Chambers		For	For		Mgmt
	6	Elect Director Brian L. Halla		For	For		Mgmt
	7	Elect Director Dr. John L. Hennessy		For	For		Mgmt
	8	Elect Director Richard M. Kovacevich		For	For		Mgmt
	9	Elect Director Roderick C. McGeary		For	For		Mgmt
	10	Elect Director Michael K. Powell		For	For		Mgmt
	11	Elect Director Steven M. West		For	For		Mgmt
	12	Elect Director Jerry Yang		For	For		Mgmt
	13	Amend Omnibus Stock Plan		For	For		Mgmt
	14	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	15	Ratify Auditors		For	For		Mgmt
	16	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
		Committee on Human Rights
	17	Pay For Superior Performance		Against	For		ShrHoldr
	18	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation

Page 11

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	19	Report on Internet Fragmentation		Against	For		ShrHoldr
05/14/08 - A	Comcast Corp. *CMCSA*		20030N101			03/06/08		16,550
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Restricted Stock Plan		For	For		Mgmt
	4	Amend Stock Option Plan		For	For		Mgmt
	5	Adopt Recapitalization Plan		Against	For		ShrHoldr
	6	Increase Disclosure of Executive		Against	Against		ShrHoldr
		Compensation
	7	Require More Director Nominations		Against	Against		ShrHoldr
		Than Open Seats
	8	Report on Pay Disparity		Against	Against		ShrHoldr
	9	Provide for Cumulative Voting for Class		Against	For		ShrHoldr
		A Shareholders
	10	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
	11	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
04/24/08 - A	Corning Inc. *GLW*		219350105			02/26/08		13,550
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
05/06/08 - A	Danaher Corp. *DHR*		235851102			03/07/08		1,900
	1	Elect Director H. Lawrence Culp, Jr		For	For		Mgmt
	2	Elect Director Mitchell P. Rales		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Adopt Employment Contract		Against	Against		ShrHoldr
05/06/08 - A	Deutsche Post AG		D19225107			None		9,762
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.90 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2007
	5	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2008
	6	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Elect Wulf von Schimmelmann to the		For	For		Mgmt

Page 12

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Supervisory Board
	8.1	Amend Articles Re: Allow Electronic		For	For		Mgmt
		Distribution of Company
		Communications
	8.2	Amend Articles Re: Allow Editorial		For	For		Mgmt
		Changes without Shareholders
		Approval
	8.3	Amend Articles Re: Remuneration of		For	For		Mgmt
		Nomination Committee Members
04/30/08 - A	E.ON AG (formerly Veba AG) D24909109					04/09/08		2,000
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2007
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 4.10 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2007
	5a	Reelect Ulrich Hartmann to the		For	For		Mgmt
		Supervisory Board
	5b	Reelect Ulrich Hocker to the		For	For		Mgmt
		Supervisory Board
	5c	Reelect Ulrich Lehner to the		For	For		Mgmt
		Supervisory Board
	5d	Elect Bard Mikkelsen to the Supervisory		For	For		Mgmt
		Board
	5e	Reelect Henning Schulte-Noelle to the		For	For		Mgmt
		Supervisory Board
	5f	Elect Karen de Segundo to the		For	For		Mgmt
		Supervisory Board
	5g	Elect Theo Siegert to the Supervisory		For	For		Mgmt
		Board
	5h	Reelect Wilhelm Simson to the		For	For		Mgmt
		Supervisory Board
	5i	Reelect Georg von Waldenfels to the		For	For		Mgmt
		Supervisory Board
	5j	Elect Werner Wenning to the		For	For		Mgmt
		Supervisory Board
	6	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2008
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares; Authorize Use of
		Financial Derivatives of up to 5 Percent
		of Issued Share Capital When
		Repurchasing Shares
	8	Approve Conversion of Bearer Shares		For	For		Mgmt
		into Registered Shares
	9	Approve 3:1 Stock Split; Approve EUR		For	For		Mgmt
		266.8 Million Capitalization of Reserves

Page 13

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		for Purpose of Stock Split; Amend
		Articles to Reflect Changes in Capital
	10a	Amend Articles Re: Allow Electronic		For	For		Mgmt
		Distribution of Company
		Communications
	10b	Amend Articles Re: Remuneration		For	For		Mgmt
		Policy for Nominating Committee
	10c	Amend Articles Re: Chairman of		For	For		Mgmt
		General Meeting
	11	Approve Affiliation Agreement with		For	For		Mgmt
		E.ON Fuenfzehnte Verwaltungs GmbH
	12	Approve Affiliation Agreement with		For	For		Mgmt
		E.ON Sechzehnte Verwaltungs GmbH
06/24/08 - A	East Japan Railway Co		J1257M109			03/31/08		34
	*9020*
		Management Proposals
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JY 5000
	2	Amend Articles To: Increase Authorized		For	For		Mgmt
		Capital - Amend Articles to Reflect
		Digitalization of Share Certificates
	3	Elect Directors		For	For		Mgmt
	4	Approve Payment of Annual Bonuses to		For	For		Mgmt
		Directors and Statutory Auditors
		Shareholder Proposals
	5	Amend Articles to Allow Company to		Against	Against		ShrHoldr
		Determine Issues Related to Safety,
		Environment, and Labor Policies at
		Shareholder Meetings
	6	Rectify Labor Policies		Against	Against		ShrHoldr
	7	Amend Articles to Require Disclosure of		Against	For		ShrHoldr
		Individual Compensation for Directors
	8	Amend Articles to Require Appointment		Against	Against		ShrHoldr
		of Outside Directors
	9	Amend Articles to Require Shareholder		Against	Against		ShrHoldr
		Approval to Appoint Senior Advisors
		and Determine Their Compensation
	10.1	Remove Director from Office		Against	Against		ShrHoldr
	10.2	Remove Director from Office		Against	Against		ShrHoldr
	10.3	Remove Director from Office		Against	Against		ShrHoldr
	10.4	Remove Director from Office		Against	Against		ShrHoldr
	10.5	Remove Director from Office		Against	Against		ShrHoldr
	11.1	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
	11.2	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
	11.3	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
	11.4	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr

Page 14

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board
	11.5	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
	12	Cut Director Compensation by 10		Against	Against		ShrHoldr
		Percent
	13	Approve Alternate Income Allocation		Against	Against		ShrHoldr
		Proposal to Establish Reserve for
		Reemployment of Former JNR
		Employees
	14	Approve Alternate Income Allocation		Against	Against		ShrHoldr
		Proposal to Establish Reserve for
		Consolidation of Local Rail Lines
06/23/08 - A	EnergySolutions, Inc. *ES*		292756202			05/09/08		4,600
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director R Steve Creamer ---
		Against
	1.2	Elect Director Alan E. Goldberg ---
		Against
	1.3	Elect Director Robert D. Lindsay ---
		Against
	1.4	Elect Director Lance L. Hirt --- Against
	1.5	Elect Director Robert J.S. Roriston ---
		Against
	1.6	Elect Director Andrew S. Weinberg ---
		Against
	1.7	Elect Director Jordan W. Clements ---
		Against
	1.8	Elect Director E. Gail De Planque ---
		For
	1.9	Elect Director David B. Winder --- For
	1.10	Elect Director J.I. "Chip" Everest, II ---
		Against
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	Against		Mgmt
		Plan
12/04/07 - A	Esprit Holdings		G3122U145			11/27/07		17,400
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of HK$1.00 Per		For	For		Mgmt
		Share
	3	Approve Special Dividend of HK$1.48		For	For		Mgmt
		Per Share
	4a	Reelect John Poon Cho Ming as		For	For		Mgmt
		Director
	4b	Reelect Jerome Squire Griffith as		For	For		Mgmt
		Director
	4c	Reelect Alexander Reid Hamilton as		For	For		Mgmt

Page 15

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Director
	4d	Authorize Directors to Fix Their		For	For		Mgmt
		Remuneration
	5	Reappoint PricewaterhouseCoopers as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
	6	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Approve Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights
	8	Authorize Reissuance of Repurchased		For	For		Mgmt
		Shares
04/22/08 -	Fomento Economico		344419106			03/19/08		7,050
A/S	Mexicano S.A.B. de C.V.
	(FEMSA)
		Meeting for ADR Holders
	1	REPORT OF THE BOARD OF		For	For		Mgmt
		DIRECTORS; PRESENTATION OF
		THE FINANCIAL STATEMENTS OF
		FOMENTO ECONOMICO MEXICANO,
		S.A.B. DE C.V. FOR THE 2007 FISCAL
		YEAR; REPORT OF THE CHIEF
		EXECUTIVE OFFICER AND THE
		OPINION OF THE BOARD OF
		DIRECTORS WITH RESPECT TO
		SUCH REPORT
	2	REPORT WITH RESPECT TO THE		For	For		Mgmt
		COMPLIANCE OF TAX
		OBLIGATIONS, PURSUANT TO
		ARTICLE 86, SUBSECTION XX OF
		THE INCOME TAX LAW (LEY DEL
		IMPUESTO SOBRE LA RENTA).
	3	APPLICATION OF THE RESULTS		For	For		Mgmt
		FOR THE 2007 FISCAL YEAR,
		INCLUDING THE PAYMENT OF A
		CASH DIVIDEND, IN MEXICAN
		PESOS
	4	PROPOSAL TO DETERMINE AS THE		For	For		Mgmt
		MAXIMUM AMOUNT OF RESOURCES
		TO BE USED FOR THE SHARE
		REPURCHASE PROGRAM, THE
		AMOUNT OF $3,000,000,000.00
		MEXICAN PESOS, PURSUANT TO
		ARTICLE 56 OF THE SECURITIES
		MARKET LAW.
	5	ELECTION OF PROPRIETARY AND		For	For		Mgmt
		ALTERNATE MEMBERS AND
		SECRETARIES OF THE BOARD OF

Page 16

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		DIRECTORS, QUALIFICATION OF
		THEIR INDEPENDENCE, IN
		ACCORDANCE WITH THE
		SECURITIES MARKET LAW, AND
		RESOLUTION WITH RESPECT TO
		THEIR REMUNERATION.
	6	PROPOSAL TO INTEGRATE THE		For	For		Mgmt
		FOLLOWING COMMITTEES: (I)
		FINANCE AND PLANNING, (II) AUDIT,
		AND (III) CORPORATE PRACTICES;
		APPOINTMENT OF THEIR
		RESPECTIVE CHAIRMAN, AND
		RESOLUTION WITH RESPECT TO
		THEIR REMUNERATION.
	7	APPOINTMENT OF DELEGATES FOR		For	For		Mgmt
		THE EXECUTION AND
		FORMALIZATION OF THE MEETING
		S RESOLUTION.
	8	READING AND, IF APPLICABLE,		For	For		Mgmt
		APPROVAL OF THE MINUTES.
	9	DECIDE WHETHER TO PERMIT		For	For		Mgmt
		SHARES TO CONTINUE TO BE
		BUNDLED IN UNITS BEYOND MAY
		11, 2008, UNTIL THE
		SHAREHOLDERS APPROVE A
		RESOLUTION TO DISSOLVE SUCH
		UNIT STRUCTURE.
	10	DECIDE WHETHER TO EXTEND,		For	Against		Mgmt
		BEYOND MAY 11, 2008, THE
		CURRENT SHARE STRUCTURE OF
		THE COMPANY, UNTIL THE
		SHAREHOLDERS APPROVE A
		RESOLUTION FOR THE
		CONVERSION OF THE SERIES "D"
		SHARES INTO SERIES "B" AND
		SERIES "L" SHARES.
	11	DECIDE WHETHER TO AMEND		For	For		Mgmt
		ARTICLES 6, 22 AND 25 OF THE
		BYLAWS OF THE COMPANY TO
		IMPLEMENT ANY RESOLUTIONS
		TAKEN BY THE SHAREHOLDERS
		AFFECTING SUCH ARTICLES.
	12	APPOINTMENT OF DELEGATES FOR		For	For		Mgmt
		THE EXECUTION AND
		FORMALIZATION OF THE MEETING
		S RESOLUTION.
	13	READING AND, IF APPLICABLE,		For	For		Mgmt
		APPROVAL OF THE MINUTES.
	14	DECIDE WHETHER TO PERMIT		For	For		Mgmt
		SHARES TO CONTINUE TO BE
		BUNDLED IN UNITS BEYOND MAY
		11, 2008, UNTIL THE

Page 17

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		SHAREHOLDERS APPROVE A
		RESOLUTION TO DISSOLVE SUCH
		UNIT STRUCTURE.
	15	DECIDE WHETHER TO EXTEND,		For	Against		Mgmt
		BEYOND MAY 11, 2008, THE
		CURRENT SHARE STRUCTURE OF
		THE COMPANY, UNTIL THE
		SHAREHOLDERS APPROVE A
		RESOLUTION FOR THE
		CONVERSION OF THE SERIES "D"
		SHARES INTO SERIES "B" AND
		SERIES "L" SHARES.
	16	DECIDE WHETHER TO AMEND		For	For		Mgmt
		ARTICLES 6, 22 AND 25 OF THE
		BYLAWS OF THE COMPANY TO
		IMPLEMENT ANY RESOLUTIONS
		TAKEN BY THE SHAREHOLDERS
		AFFECTING SUCH ARTICLES.
	17	APPOINTMENT OF DELEGATES FOR		For	For		Mgmt
		THE EXECUTION AND
		FORMALIZATION OF THE MEETING
		S RESOLUTION.
	18	READING AND, IF APPLICABLE,		For	For		Mgmt
		APPROVAL OF THE MINUTES.
	19	DECIDE WHETHER TO PERMIT		For	For		Mgmt
		SHARES TO CONTINUE TO BE
		BUNDLED IN UNITS BEYOND MAY
		11, 2008, UNTIL THE
		SHAREHOLDERS APPROVE A
		RESOLUTION TO DISSOLVE SUCH
		UNIT STRUCTURE.
	20	DECIDE WHETHER TO EXTEND,		For	Against		Mgmt
		BEYOND MAY 11, 2008, THE
		CURRENT SHARE STRUCTURE OF
		THE COMPANY, UNTIL THE
		SHAREHOLDERS APPROVE A
		RESOLUTION FOR THE
		CONVERSION OF THE SERIES "D"
		SHARES INTO SERIES "B" AND
		SERIES "L" SHARES.
	21	DECIDE WHETHER TO AMEND		For	For		Mgmt
		ARTICLES 6, 22 AND 25 OF THE
		BYLAWS OF THE COMPANY TO
		IMPLEMENT ANY RESOLUTIONS
		TAKEN BY THE SHAREHOLDERS
		AFFECTING SUCH ARTICLES.
	22	APPOINTMENT OF DELEGATES FOR		For	For		Mgmt
		THE EXECUTION AND
		FORMALIZATION OF THE MEETING
		S RESOLUTION.
	23	READING AND, IF APPLICABLE,		For	For		Mgmt
		APPROVAL OF THE MINUTES.

Page 18

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
08/30/07 - S	Fukuoka Financial		J17129107			07/10/07		38,000
	Group,Inc. *8354*
	1	Elect Directors		For	For		Mgmt
06/27/08 - A	Fukuoka Financial		J17129107			03/31/08		33,000
	Group,Inc. *8354*
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JY 2.5
	2	Amend Articles to Delete References to		For	For		Mgmt
		Preferred Shares Which Have Been
		Cancelled
	3	Elect Directors		For	For		Mgmt
	4	Appoint Internal Statutory Auditor		For	For		Mgmt
	5.1	Appoint Alternate Internal Statutory		For	For		Mgmt
		Auditor
	5.2	Appoint Alternate Internal Statutory		For	Against		Mgmt
		Auditor
	5.3	Appoint Alternate Internal Statutory		For	Against		Mgmt
		Auditor
	6	Approve Adjustment to Aggregate		For	For		Mgmt
		Compensation Ceilings for Directors
		and Statutory Auditors
04/23/08 - A	General Electric Co. *GE*		369604103			02/25/08		13,050
	1	Elect Director James I. Cash, Jr.		For	For		Mgmt
	2	Elect Director William M. Castell		For	For		Mgmt
	3	Elect Director Ann M. Fudge		For	For		Mgmt
	4	Elect Director Claudio X. Gonzalez		For	Against		Mgmt
	5	Elect Director Susan Hockfield		For	For		Mgmt
	6	Elect Director Jeffrey R. Immelt		For	For		Mgmt
	7	Elect Director Andrea Jung		For	For		Mgmt
	8	Elect Director Alan G. Lafley		For	For		Mgmt
	9	Elect Director Robert W. Lane		For	For		Mgmt
	10	Elect Director Ralph S. Larsen		For	For		Mgmt
	11	Elect Director Rochelle B. Lazarus		For	For		Mgmt
	12	Elect Director James J. Mulva		For	For		Mgmt
	13	Elect Director Sam Nunn		For	For		Mgmt
	14	Elect Director Roger S. Penske		For	For		Mgmt
	15	Elect Director Robert J. Swieringa		For	For		Mgmt
	16	Elect Director Douglas A. Warner III		For	For		Mgmt
	17	Ratify Auditors		For	For		Mgmt
	18	Provide for Cumulative Voting		Against	For		ShrHoldr
	19	Require Independent Board Chairman		Against	For		ShrHoldr
	20	Claw-back of Payments under		Against	Against		ShrHoldr
		Restatements
	21	Adopt Policy on Overboarded Directors		Against	For		ShrHoldr
	22	Report on Charitable Contributions		Against	Against		ShrHoldr

Page 19

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	23	Report on Global Warming		Against	Against		ShrHoldr
	24	Advisory Vote to Ratify Named		Against	Against		ShrHoldr
		Executive Officers' Compensation
11/05/07 - A	HANG LUNG PROPERTIES		Y30166105			None		94,000
	LTD
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend		For	For		Mgmt
	3a	Reelect Ronnie C. Chan as Director		For	For		Mgmt
	3b	Reelect William P.Y. Ko as Director		For	For		Mgmt
	3c	Reelect Terry S. Ng as Director		For	For		Mgmt
	3d	Authorize Board to Fix Directors' Fees		For	For		Mgmt
	4	Reappoint KPMG as Auditors and at a		For	For		Mgmt
		Fee to be Agreed with the Directors
	5a	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	5b	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	5c	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
11/09/07 - A	Hansen Natural Corp.		411310105			09/18/07		3,652
	*HANS*
	1	Elect Directors		For	For		Mgmt
	2	Amend Stock Option Plan		For	Against		Mgmt
	3	Ratify Auditors		For	For		Mgmt
05/07/08 - A	Holcim Ltd. (formerly		H36940130			None		2,455
	Holderbank Financiere
	Glarus)
	1	Share Re-registration Consent		For	For		Mgmt
05/07/08 - A	Holcim Ltd. (formerly		H36940130			None		2,455
	Holderbank Financiere
	Glarus)
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Discharge of Board and Senior		For	For		Mgmt
		Management
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of CHF 3.30 per Share
	4	Elect Directors		For	For		Mgmt
	4.3	Ratify Ernst & Young AG as Auditors		For	For		Mgmt
	5	Amend Articles Re: Group Auditors		For	For		Mgmt

Page 20

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
06/24/08 - A	Honda Motor Co. Ltd. *7267*	J22302111			03/31/08		4,600

	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 22
	2	Elect Directors		For	For		Mgmt
	3.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.2	Appoint Internal Statutory Auditor		For	For		Mgmt
	4	Approve Payment of Annual Bonuses to		For	For		Mgmt
		Directors and Statutory Auditors
	5	Approve Retirement Bonuses and		For	Against		Mgmt
		Special Payments in Connection with
		Abolition of Retirement Bonus System
	6	Approve Adjustment to Aggregate		For	For		Mgmt
		Compensation Ceilings for Directors
		and Statutory Auditors
	7	Amend Articles to Abolish Retirement		For	For		Mgmt
		Bonus System
05/30/08 - A	HSBC Holdings plc		G4634U169			None		29,200
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3a	Elect Safra Catz as Director		For	For		Mgmt
	3b	Elect Vincent Cheng as Director		For	For		Mgmt
	3c	Re-elect John Coombe as Director		For	For		Mgmt
	3d	Elect Jose Duran as Director		For	For		Mgmt
	3e	Re-elect Douglas Flint as Director		For	For		Mgmt
	3f	Elect Alexander Flockhart as Director		For	For		Mgmt
	3g	Re-elect Dr William Fung as Director		For	For		Mgmt
	3h	Elect Stuart Gulliver as Director		For	For		Mgmt
	3i	Re-elect James Hughes-Hallett as		For	For		Mgmt
		Director
	3j	Elect William Laidlaw as Director		For	For		Mgmt
	3k	Elect Narayana Murthy as Director		For	For		Mgmt
	3l	Re-elect Stewart Newton as Director		For	For		Mgmt
	4	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		and Authorise the Group Audit
		Committee to Determine Their
		Remuneration
	5	Auth. Issuance of Non-Cumulative Pref.		For	For		Mgmt
		Shares with Pre-emptive Rights up to
		Aggregate Nominal Amount of GBP
		100,000, EUR 100,000 and USD
		85,500; and Auth. Issuance of Ord.
		Shares with Pre-emptive Rights up to
		Aggregate Nominal Amount of USD
		1,186,700,000
	6	Subject to the Passing of Resolution 5,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal

Page 21

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Amount of USD 296,675,000
	7	Authorise 1,186,700,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	8	Amend Articles of Association		For	For		Mgmt
	9	With Effect From 1 October 2008,		For	For		Mgmt
		Amend Articles of Association Re:
		Directors' Conflicts of Interest
	10	Amend HSBC Share Plan		For	For		Mgmt
07/18/07 - A	ICAP plc		G46981117			None		47,000
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 9.3 Pence		For	For		Mgmt
		Per Ordinary Share
	3	Re-elect Nicholas Cosh as Director		For	For		Mgmt
	4	Re-elect Duncan Goldie-Morrison as		For	For		Mgmt
		Director
	5	Re-elect James McNulty as Director		For	For		Mgmt
	6	Elect Matthew Lester as Director		For	For		Mgmt
	7	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	8	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	9	Approve Remuneration Report		For	For		Mgmt
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 21,565,972
	11	Subject to the Passing of Resolution 10,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 3,228,426
	12	Authorise 64,697,917 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	13	Authorise the Company to Make EU		For	For		Mgmt
		Political Organisation Donations and to
		Incur EU Political Expenditure up to
		GBP 100,000
	14	Authorise ICAP Management Services		For	For		Mgmt
		Limited to Make EU Political
		Organisation Donations and to Incur EU
		Political Expenditure up to GBP
		100,000
	15	Authorise the Company to Use		For	For		Mgmt
		Electronic Communications
04/22/08 - A	ING Groep NV		N4578E413			03/25/08		7,300
		Annual Meeting

Page 22

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1	Open Meeting		None	None		Mgmt
	2a	Receive Report of Management Board		None	None		Mgmt
		(Non-Voting)
	2b	Receive Report of Supervisory Board		None	None		Mgmt
		(Non-Voting)
	2c	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	3a	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy (Non-
		Voting)
	3b	Approve Dividends of EUR 1.48 Per		For	For		Mgmt
		Share
	4a	Discuss Remuneration Report for		None	None		Mgmt
		Management Board Members
	4b	Amend Stock Option Plan		For	For		Mgmt
	5	Discussion on Company's Corporate		None	None		Mgmt
		Governance Structure
	6	Receive Explanation on Company's		None	None		Mgmt
		Corporate Responsibility Performance
	7a	Approve Discharge of Management		For	For		Mgmt
		Board
	7b	Approve Discharge of Supervisory		For	For		Mgmt
		Board
	8	Ratify Ernst & Young as Auditors		For	For		Mgmt
	9a	Reelect E.F.C. Boyer to Management		For	For		Mgmt
		Board
	9b	Reelect C.P.A. Leenaars to		For	For		Mgmt
		Management Board
	10a	Reelect E. Bourdais to Supervisory		For	For		Mgmt
		Board
	10b	Elect J. Spero to Supervisory Board		For	For		Mgmt
	10c	Elect H. Manwani to Supervisory Board		For	For		Mgmt
	10d	Elect A. Mehta to Supervisory Board		For	For		Mgmt
	10e	Elect J.P. Tai to Supervisory Board		For	For		Mgmt
	11	Approve Remuneration of Supervisory		For	For		Mgmt
		Board
	12	Grant Board Authority to Issue		For	For		Mgmt
		200,000,000 Shares of Issued Capital
		Plus Additional 200,000,000 Shares in
		Case of Takeover/Merger and
		Restricting/Excluding Preemptive
		Rights
	13	Authorize Repurchase of Up to Ten		For	For		Mgmt
		Percent of Issued Share Capital
	14	Approve Reduction in Share Capital by		For	For		Mgmt
		Cancelling Shares
	15a	Discuss Public Offer on Preference		None	None		Mgmt
		Shares A
	15b	Authorize Repurchase Preference A		For	For		Mgmt
		Shares or Depositary Receipts for
		Preference A Shares
	15c	Approve Cancellation of Preference		For	For		Mgmt

Page 23

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Shares A or Depository Receipts for
		Preference Shares A without
		Reimbursement
	15d	Approve Cancellation of Preference		For	For		Mgmt
		Shares A or Depository Receipts for
		Preference Shares A with
		Reimbursement
	15e	Amend Articles Re: Delete Provisions		For	For		Mgmt
		Related to Preference Shares B and
		Textural Amendments
	16	Allow Questions and Close Meeting		None	None		Mgmt
04/29/08 - A	International Business		459200101			02/29/08		4,100
	Machines Corp. *IBM*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Restore or Provide for Cumulative		Against	For		ShrHoldr
		Voting
	4	Review Executive Compensation		Against	Against		ShrHoldr
	5	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
		Committee on Human Rights
	6	Amend Bylaw -- Call Special Meetings		Against	For		ShrHoldr
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
10/02/07 - S	Intesa SanPaolo SPA		T55067101			09/28/07		52,750
		Special Meeting Agenda - Ordinary
		Business
	1	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance of Repurchased
		Shares
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities would
		outweigh the economic value of the vote.
04/30/08 - A	Intesa SanPaolo SPA		T55067101			04/28/08		48,750
		Ordinary Business
	1	Approve Allocation of Income		For			Mgmt
	2	Elect Supervisory Board Members		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities would
		outweigh the economic value of the vote.
06/24/08 - A	Japan Tobacco Inc *2914*		J27869106			03/31/08		62
	1	Approve Allocation of Income, with a		For	For		Mgmt

Page 24

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Final Dividend of JY 2600
	2	Elect Directors		For	For		Mgmt
	3	Appoint Internal Statutory Auditor		For	For		Mgmt
06/24/08 - A	Komatsu Ltd. *6301*		J35759125			03/31/08		7,700
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 22
	2	Elect Directors		For	For		Mgmt
	3	Appoint Internal Statutory Auditor		For	For		Mgmt
	4	Approve Payment of Annual Bonuses to		For	For		Mgmt
		Directors
	5	Approve Stock Option Plan		For	For		Mgmt
05/13/08 - A	Kraft Foods Inc *KFT*		50075N104			03/10/08		11,700
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/29/08 - A	L-3 Communications		502424104			03/03/08		1,900
	Holdings, Inc. *LLL*
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
	3	Approve Non-Employee Director		For	For		Mgmt
		Omnibus Stock Plan
	4	Ratify Auditors		For	For		Mgmt
01/18/08 -	Lafarge		F54432111			01/15/08		1,775
A/S
		Special Business
	1	Approve Issuance of Shares Up to EUR		For	For		Mgmt
		90 Million Reserved for NNS Holding
		Sarl and for Orascom Construction
		Industries SAE
	2	Amend Employee Savings-Related		For	For		Mgmt
		Share Purchase Plan
		Ordinary Business
	3	Elect Paul Desmarais Jr as Director		For	For		Mgmt
	4	Elect Thierry De Rudder as Director		For	For		Mgmt
	5	Elect Nassef Sawiris as Director		For	For		Mgmt
	6	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/07/08 - A	Lafarge		F54432111			05/02/08		1,775
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt

Page 25

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 4 per Ordinary Share
		and EUR 4.40 per Long-Term
		Registered Share
	4	Approve Special Auditors' Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Approve Transaction on Severance		For	For		Mgmt
		Payments with the Chairman/CEO
	6	Elect Gerald Frere as Director		For	For		Mgmt
	7	Elect Jerome Guiraud as Director		For	For		Mgmt
	8	Elect Michel Rollier as Director		For	For		Mgmt
	9	Elect Auditex as Deputy Auditor		For	For		Mgmt
	10	Authorize Repurchase of Up to Seven		For	For		Mgmt
		Percent of Issued Share Capital
	11	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
07/09/07 - S	Man Group plc		G5790V115			None		22,500
	1	Approve the Proposed Disposal by Way		For	For		Mgmt
		of IPO of MF Global Ltd
07/12/07 - A	Man Group plc		G5790V115			None		22,500
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 12.7 Cents		For	For		Mgmt
		Per Ordinary Share
	4	Elect Kevin Hayes as Director		For	For		Mgmt
	5	Re-elect Alison Carnwath as Director		For	For		Mgmt
	6	Re-elect Harvey McGrath as Director		For	For		Mgmt
	7	Re-elect Glen Moreno as Director		For	For		Mgmt
	8	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	9	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 18,797,996
	11	Subject to the Passing of Resolution 10,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 2,819,699.44
	12	Authorise 187,979,963 Ordinary Shares		For	For		Mgmt
		for Market Purchase

Page 26

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
11/23/07 - S	Man Group plc	G5790V115			None		29,150

	1	Increase Authorised Capital; Approve		For	For		Mgmt
		Consolidation; Amend Articles of
		Association; Capitalise Reserves; Issue
		Equity with Pre-emptive Rights;
		Approve Put Option Agreement;
		Reduce Existing Market Purchase
		Authority; Reduce Authorised but
		Unissued Capital
04/22/08 - A	Merck & Co., Inc. *MRK*		589331107			02/25/08		9,450
	1	Elect Director Richard T. Clark		For	For		Mgmt
	2	Elect Director Johnnetta B. Cole, Ph.D.		For	For		Mgmt
	3	Elect Director Thomas H. Glocer		For	For		Mgmt
	4	Elect Director Steven F. Goldstone		For	For		Mgmt
	5	Elect Director William B. Harrison, Jr.		For	For		Mgmt
	6	Elect Director Harry R. Jacobson, M.D.		For	For		Mgmt
	7	Elect Director William N. Kelley, M.D.		For	For		Mgmt
	8	Elect Director Rochelle B. Lazarus		For	For		Mgmt
	9	Elect Director Thomas E. Shenk, Ph.D.		For	For		Mgmt
	10	Elect Director Anne M. Tatlock		For	For		Mgmt
	11	Elect Director Samuel O. Thier, M.D.		For	For		Mgmt
	12	Elect Director Wendell P. Weeks		For	For		Mgmt
	13	Elect Director Peter C. Wendell		For	For		Mgmt
	14	Ratify Auditors		For	For		Mgmt
	15	Limit Executive Compensation		Against	Against		ShrHoldr
	16	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	17	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
	18	Adopt a bylaw to Require an		Against	For		ShrHoldr
		Independent Lead Director
04/24/08 - A	Merrill Lynch & Co., Inc.		590188108			02/26/08		5,000
	*MER*
	1	Elect Director Carol T. Christ		For	For		Mgmt
	2	Elect Director Armando M. Codina		For	For		Mgmt
	3	Elect Director Judith Mayhew Jonas		For	For		Mgmt
	4	Elect Director John A. Thain		For	For		Mgmt
	5	Ratify Auditors		For	For		Mgmt
	6	Provide for Cumulative Voting		Against	For		ShrHoldr
	7	Compensation- Miscellaneous		Against	Against		ShrHoldr
		Company Specific--Prohibiting
		Executive Officer Stock Sales during
		Buyback
	8	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	9	Adopt Employment Contract		Against	Against		ShrHoldr

Page 27

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/22/08 - A	MetLife, Inc *MET*		59156R108			02/28/08		4,700
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
11/13/07 - A	Microsoft Corp. *MSFT*		594918104			09/07/07		17,300
	1	Elect Director William H. Gates, III		For	For		Mgmt
	2	Elect Director Steven A. Ballmer		For	For		Mgmt
	3	Elect Director James I. Cash, Jr.		For	For		Mgmt
	4	Elect Director Dina Dublon		For	For		Mgmt
	5	Elect Director Raymond V. Gilmartin		For	For		Mgmt
	6	Elect Director Reed Hastings		For	For		Mgmt
	7	Elect Director David F. Marquardt		For	For		Mgmt
	8	Elect Director Charles H. Noski		For	For		Mgmt
	9	Elect Director Helmut Panke		For	For		Mgmt
	10	Elect Director Jon A. Shirley		For	For		Mgmt
	11	Ratify Auditors		For	For		Mgmt
	12	Adopt Policies to Protect Freedom of		Against	Against		ShrHoldr
		Access to the Internet
	13	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
		Committee on Human Rights
06/25/08 - A	Mitsubishi Corp. *8058*		J43830116			03/31/08		15,500
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 30
	2	Elect Directors		For	Split		Mgmt
	2.1	Elect Director --- For
	2.2	Elect Director --- For
	2.3	Elect Director --- For
	2.4	Elect Director --- For
	2.5	Elect Director --- For
	2.6	Elect Director --- For
	2.7	Elect Director --- For
	2.8	Elect Director --- For
	2.9	Elect Director --- For
	2.10	Elect Director --- For
	2.11	Elect Director --- For
	2.12	Elect Director --- Against
	2.13	Elect Director --- For
	2.14	Elect Director --- For
	2.15	Elect Director --- For
	3.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.2	Appoint Internal Statutory Auditor		For	Against		Mgmt
	3.3	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.4	Appoint Internal Statutory Auditor		For	For		Mgmt
	4	Approve Payment of Annual Bonuses to		For	For		Mgmt

Page 28

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Directors
	5	Approve Deep Discount Stock Option		For	For		Mgmt
		Plan for Directors
	6	Set Amounts for Retirement Bonus		For	For		Mgmt
		Reserve Funds for Directors
06/27/08 - A	Mitsui Fudosan Co. Ltd.		J4509L101			03/31/08		15,000
	*8801*
	1	Approve Allocation of Income, with a		For	Against		Mgmt
		Final Dividend of JY 11
	2.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	2.2	Appoint Internal Statutory Auditor		For	For		Mgmt
	3	Approve Payment of Annual Bonuses to		For	For		Mgmt
		Directors
06/27/08 - A	Murata Manufacturing Co.		J46840104			03/31/08		2,800
	Ltd. *6981*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 50
	2	Elect Directors		For	For		Mgmt
	3.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.2	Appoint Internal Statutory Auditor		For	For		Mgmt
10/19/07 - A	News Corporation *NWS*		65248E203			08/28/07		15,145
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		Against	For		ShrHoldr
	4	Company Specific-Governance		Against	For		ShrHoldr
		Related- Eliminate Company's Dual
		Class Capital Structure
06/24/08 - A	Nidec Corp. *6594*		J52968104			03/31/08		3,900
	1	Elect Directors		For	For		Mgmt
06/25/08 - A	Nissan Motor Co. Ltd. *7201*		J57160129			03/31/08		14,200
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 20
	2	Approve Stock Option Plan		For	For		Mgmt
	3.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.2	Appoint Internal Statutory Auditor		For	For		Mgmt
	4	Approve Payment of Annual Bonuses to		For	For		Mgmt
		Directors
	5	Approve Adjustment to Aggregate		For	For		Mgmt
		Compensation Ceiling for Directors

Page 29

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/08/08 - A	Nokia Corp.		X61873133			04/28/08		6,700
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports, Receive Auditors'
		Report (Non-Voting)
	2	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.53 Per Share
	4	Approve Discharge of Chairman,		For	For		Mgmt
		Members of the Board, and President
	5	Approve Remuneration of Directors in		For	For		Mgmt
		Amount of: Chairman EUR 440,000,
		Vice Chairman EUR 150,000, Other
		Directors EUR 130,000; Approve Fees
		for Committee Work; Approve 40
		Percent to be Paid in Nokia Shares
	6	Fix Number of Directors at 10		For	For		Mgmt
	7	Reelect Georg Ehrnrooth, Lalita Gupte,		For	For		Mgmt
		Bengt Holmstroem, Henning
		Kagermann, Olli-Pekka Kallasvuo, Per
		Karlsson, Jorma Ollila, Marjorie
		Scardino, and Keijo Suila as Directors;
		Elect Risto Siilasmaa as New Director
	8	Approve Remuneration of Auditors		For	For		Mgmt
	9	Reelect PricewaterhouseCooper Oy as		For	For		Mgmt
		Auditor
	10	Authorize Repurchase of up to 370		For	For		Mgmt
		Million Nokia Shares
05/06/08 - A	Norsk Hydro Asa		R61115102			None		13,100
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports; Approve Allocation
		of Income and Dividends of NOK 5 per
		Share
	2	Approve Remuneration of Auditors		For	For		Mgmt
	3	Elect Members and Deputy Members of		For	Against		Mgmt
		Corporate Assembly
	4	Elect Members of Nominating		For	For		Mgmt
		Committee
	5	Approve Remuneration of Corporate		For	For		Mgmt
		Assembly
	6	Approve Remuneration Policy And		For	For		Mgmt
		Other Terms of Employment For
		Executive Management
	7	Authorize Repurchase of Up to Ten		For	For		Mgmt
		Percent of Issued Share Capital

Page 30

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/02/08 - A	Occidental Petroleum Corp.		674599105			03/12/08		4,300
	*OXY*
	1	Elect Director Spencer Abraham		For	Against		Mgmt
	2	Elect Director Ronald W. Burkle		For	For		Mgmt
	3	Elect Director John S. Chalsty		For	Against		Mgmt
	4	Elect Director Edward P. Djerejian		For	For		Mgmt
	5	Elect Director John E. Feick		For	For		Mgmt
	6	Elect Director Ray R. Irani		For	For		Mgmt
	7	Elect Director Irvin W. Maloney		For	Against		Mgmt
	8	Elect Director Avedick B. Poladian		For	For		Mgmt
	9	Elect Director Rodolfo Segovia		For	Against		Mgmt
	10	Elect Director Aziz D. Syriani		For	For		Mgmt
	11	Elect Director Rosemary Tomich		For	Against		Mgmt
	12	Elect Director Walter L. Weisman		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Publish a Scientific Global Warming		Against	Against		ShrHoldr
		Report
	15	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	16	Disclose Information on Compensation		Against	Against		ShrHoldr
		Consultant
	17	Pay For Superior Performance		Against	For		ShrHoldr
	18	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
04/23/08 -	Office Depot, Inc. *ODP*		676220106			03/03/08		8,800
PC
		Management Proxy (White Card)
	1.1	Elect Director Lee A. Ault, III		For	For		Mgmt
	1.2	Elect Director Neil R. Austrian		For	For		Mgmt
	1.3	Elect Director David W. Bernauer		For	For		Mgmt
	1.4	Elect Director Abelardo E. Bru		For	For		Mgmt
	1.5	Elect Director Marsha J. Evans		For	For		Mgmt
	1.6	Elect Director David I. Fuente		For	For		Mgmt
	1.7	Elect Director Brenda J. Gaines		For	For		Mgmt
	1.8	Elect Director Myra M. Hart		For	For		Mgmt
	1.9	Elect Director W. Scott Hedrick		For	For		Mgmt
	1.10	Elect Director Kathleen Mason		For	For		Mgmt
	1.11	Elect Director Michael J. Myers		For	For		Mgmt
	1.12	Elect Director Steve Odland		For	For		Mgmt
	2	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	3	Ratify Auditors		For	For		Mgmt
		Dissident Proxy (Gold Card)
	1.1	Elect Director Mark Begelman		For	DoNotVote		ShrHoldr
	1.2	Elect Director Martin E. Hanaka		For	DoNotVote		ShrHoldr
	1.3	Management Nominee - Lee A. Ault, III		For	DoNotVote		ShrHoldr
	1.4	Management Nominee - Neil R.		For	DoNotVote		ShrHoldr
		Austrian
	1.5	Management Nominee - David W.		For	DoNotVote		ShrHoldr

Page 31

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Bernauer
	1.6	Management Nominee - Abelardo E.		For	DoNotVote		ShrHoldr
		Bru
	1.7	Management Nominee - Marsha J.		For	DoNotVote		ShrHoldr
		Evans
	1.8	Management Nominee - Brenda J.		For	DoNotVote		ShrHoldr
		Gaines
	1.9	Management Nominee - Myra M. Hart		For	DoNotVote		ShrHoldr
	1.10	Management Nominee - W. Scott		For	DoNotVote		ShrHoldr
		Hedrick
	1.11	Management Nominee - Kathleen		For	DoNotVote		ShrHoldr
		Mason
	1.12	Management Nominee - Michael J.		For	DoNotVote		ShrHoldr
		Myers
	2	Approve Executive Incentive Bonus		Against	DoNotVote		Mgmt
		Plan
	3	Ratify Auditors		For	DoNotVote		Mgmt
04/09/08 - A	PARMALAT SPA		T7S73M107			04/07/08		31,475
		Ordinary Business
	1	Approve Financial Statements,		For			Mgmt
		Statutory Report, and Approve
		Allocation of Income for the Fiscal Year
		2007
	2	Elect Directors and Approve Their		For			Mgmt
		Remuneration
	3	Appoint and Approve Remuneration of		For			Mgmt
		Internal Statutory Auditors
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities would
		outweigh the economic value of the vote.
06/03/08 - S	PARMALAT SPA		T7S73M107			05/30/08		33,195
		Special Business
		Shareholder Proposals
	1	Amend Article 26 of the Company		Against			ShrHoldr
		Bylaws to Increase the Threshold of50
		percent of the Distributable Earnings
		Management Proposals
	2	Other Business		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities would
		outweigh the economic value of the vote.

Page 32

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
11/07/07 -	Pernod Ricard		F72027109			11/02/07		1,926
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 2.52 per Share
	4	Approve Special Auditors' Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Approve Special Auditors' Report		For	For		Mgmt
		Regarding Related-Party Transactions
	6	Elect Nicole Bouton as Director		For	Against		Mgmt
	7	Approve Remuneration of Directors in		For	For		Mgmt
		the Aggregate Amount of EUR 670,000
	8	Authorize Repurchase of Up to Ten		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	9	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	10	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 170 Million
	11	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 68 Million
	12	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	13	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	14	Authorize Capital Increase of Up to 20		For	For		Mgmt
		Percent for Future Exchange Offers
	15	Authorize Issuance of Debt Instruments		For	For		Mgmt
		Up to 5 Billion
	16	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 170 Million for Bonus Issue
		or Increase in Par Value
	17	Approve Stock Split		For	For		Mgmt
	18	Authorize up to 1 Percent of Issued		For	For		Mgmt
		Capital for Use in Restricted Stock Plan
	19	Authorize Board to Issue Free Warrants		For	Against		Mgmt
		with Preemptive Rights During a Public
		Tender Offer or Share Exchange
	20	Approve Employee Savings-Related		For	For		Mgmt
		Share Purchase Plan

Page 33

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	21	Amend Articles of Association Re:		For	For		Mgmt
		Record Date
	22	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
10/29/07 - S	Petroleo Brasileiro		71654V408			10/12/07		6,020
		Meeting for ADR Holders
	1	Ratify Share Purchase and Sale		For	For		Mgmt
		Agreement Dated Aug. 3, 2007 and
		Signed Between the Indirect Controlling
		Shareholders of Suzano Petroquimica
		SA (Sellers) and Petrobras (Buyer);
		Nominate Firms to Perform Speciliazed
		Assessment for Such Purposes
03/24/08 - S	Petroleo Brasileiro		71654V408			03/07/08		3,870
		Meeting for ADR Holders
	1	APPROVAL OF THE		For	For		Mgmt
		INCORPORATION PROTOCOL AND
		JUSTIFICATION SIGNED BY
		PETROBRAS, AS THE SURVIVING
		COMPANY, AND BY PRAMOA
		PARTICIPACOES S.A., AS THE
		ACQUIRED COMPANY.
	2	APPROVAL OF THE APPOINTMENT		For	For		Mgmt
		OF A SPECIALIZED COMPANY TO
		EVALUATE AND APPROVE THE
		RESPECTIVE ASSESSMENT
		REPORT ELABORATED FOR THE
		PRAMOA PARTICIPACOES S.A.
		INCORPORATION OPERATION.
	3	APPROVAL OF THE		For	For		Mgmt
		INCORPORATION PROTOCOL AND
		JUSTIFICATION, SIGNED BY
		PETROBRAS, AS THE SURVIVING
		COMPANY, AND BY UPB S.A., AS
		THE ACQUIRED COMPANY.
	4	APPROVAL OF THE APPOINTMENT		For	For		Mgmt
		OF A SPECIALIZED COMPANY TO
		EVALUATE AND APPROVE THE
		RESPECTIVE ASSESSMENT
		REPORT ELABORATED FOR THE
		UPB S.A. INCORPORATION
		OPERATION.
	5	SPLIT OF THE SHARES THAT		For	For		Mgmt
		REPRESENT THE CAPITAL STOCK.

Page 34

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/04/08 -	Petroleo Brasileiro		71654V408			03/17/08		3,870
A/S
		Meeting for ADR Holders
	1	MANAGEMENT REPORT AND		For	For		Mgmt
		FINANCIAL STATEMENTS,
		TOGETHER WITH THE AUDIT
		COMMITTEE S REPORT FOR THE
		FISCAL YEAR ENDING ON
		DECEMBER 31, 2007.
	2	2008 FISCAL YEAR CAPITAL		For	For		Mgmt
		BUDGET.
	3	2007 FISCAL YEAR RESULT		For	For		Mgmt
		APPROPRIATION.
	4	ELECTION OF THE MEMBERS OF		For	For		Mgmt
		THE BOARD OF DIRECTORS.
	5	ELECTION OF THE PRESIDENT OF		For	For		Mgmt
		THE BOARD OF DIRECTORS.
	6	ELECTION OF THE MEMBERS OF		For	For		Mgmt
		THE AUDIT COMMITTEE AND THEIR
		RESPECTIVE SUBSTITUTES.
	7	DETERMINATION OF THE		For	For		Mgmt
		MANAGERS WAGES, INCLUDING
		THEIR PROFIT PARTICIPATION,
		PURSUANT TO ARTICLES 41 AND 56
		OF THE ARTICLES OF
		INCORPORATION, AS WELL AS
		THAT OF THE FULL MEMBERS OF
		THE AUDIT COMMITTEE.
	8	CAPITAL STOCK INCREASE VIA THE		For	For		Mgmt
		INCORPORATION OF PART OF THE
		CAPITAL RESERVES AND OF
		PROFIT RESERVES, FOR A TOTAL
		OF R$26,323 MILLION, INCREASING
		THE CAPITAL STOCK FROM
		R$52,644 MILLION TO R$78,967
		MILLION.
06/09/08 - S	Petroleo Brasileiro		71654V408			05/21/08		4,800
		Meeting for ADR Holders
	1	TO APPROVE THE DISPOSAL OF		For	For		Mgmt
		THE CONTROL OF THE SUBSIDIARY
		OF PETROBRAS, DAPEAN
		PARTICIPACOES S.A., BY MEANS OF
		THE MERGER INTO THIS COMPANY
		OF FASCIATUS PARTICIPACOES
		S.A., A TRANSACTION INSERTED IN
		THE SPHERE OF THE INVESTMENT
		AGREEMENT.

Page 35

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
05/07/08 - S	Piraeus Bank SA	X06397107			None		9,400

		Repeat Annual Meeting Agenda
	1	Approve Reduction in Share Capital		For			Mgmt
	2	Authorize Capital Issuance with		For			Mgmt
		Preemptive Rights
	3	Approve Stock Option Plan		For			Mgmt
	4	Authorize Issuance of Bonds		For			Mgmt
	5	Amend Corporate Purpose		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities would
		outweigh the economic value of the vote.
12/17/07 - S	Premier Foods plc		G72186102			None		57,200
	1	Auth. Directors to Appropriate		None	For		Mgmt
		Distributable Profits to the Payment of
		the February and July 2007 Dividends;
		Release Directors and Shareholders
		from Any and All Claims; Make
		Distributions Involved in the Giving of
		Releases Out of the Profits
		Appropriated
05/16/08 - A	Premier Foods plc		G72186102			None		57,200
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 2.2 Pence		For	For		Mgmt
		Per Ordinary Share
	3	Approve Remuneration Report		For	For		Mgmt
	4	Elect David Beever as Director		For	For		Mgmt
	5	Elect Christine Cross as Director		For	For		Mgmt
	6	Re-elect Robert Schofield as Director		For	For		Mgmt
	7	Re-elect Paul Thomas as Director		For	For		Mgmt
	8	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors and Authorise the
		Board to Determine Their
		Remuneration
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 2,815,349
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 422,302
	11	Authorise 84,460,480 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	12	Authorise the Company to Make EU		For	For		Mgmt
		Political Donations to Political Parties

Page 36

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		up to GBP 50,000, to Make EU Political
		Donations to Political Organisations
		Other Than Political Parties up to GBP
		50,000 and to Incur EU Political
		Expenditure up to GBP 50,000
	13	With Immediate Effect, Adopt New		For	For		Mgmt
		Articles of Association
	14	Subject to Resolution 13 Being Passed		For	For		Mgmt
		and with Effect On and From 1 October
		2008 or Such Later Date as Section
		175 of the 2006 Act Shall be Brought
		Into Force, Amend Articles of
		Association Re: Directors' Conflicts of
		Interest
05/13/08 - A	Prudential Financial Inc		744320102			03/14/08		4,650
	*PRU*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
03/11/08 - A	QUALCOMM Inc. *QCOM*		747525103			01/14/08		6,250
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Barbara T. Alexander ---
		For
	1.2	Elect Director Donald G. Cruickshank --
		- For
	1.3	Elect Director Raymond V. Dittamore ---
		For
	1.4	Elect Director Irwin Mark Jacobs --- For
	1.5	Elect Director Paul E. Jacobs --- For
	1.6	Elect Director Robert E. Kahn --- For
	1.7	Elect Director Sherry Lansing --- For
	1.8	Elect Director Duane A. Nelles ---
		Withhold
	1.9	Elect Director Marc I. Stern --- For
	1.10	Elect Director Brent Scowcroft --- For
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
05/16/08 -	Rhodia		F7813K523			04/29/08		7,091
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt

Page 37

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Dividends of EUR 0.25 per Share
	4	Approve Transaction with Jean-Pierre		For	For		Mgmt
		Clamadieu
	5	Approve Transaction with Jacques		For	For		Mgmt
		Kheliff
	6	Elect Laurence Danon as Director		For	For		Mgmt
	7	Reelect Yves Rene Nanot as Director		For	For		Mgmt
	8	Reelect Jerome Contamine as Director		For	For		Mgmt
	9	Reelect Michel de Fabiani as Director		For	For		Mgmt
	10	Appoint KPMG SA as Auditor		For	For		Mgmt
	11	Appoint Jean-Paul Vellutini as Deputy		For	For		Mgmt
		Auditor
	12	Authorize Repurchase of Up to Ten		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	13	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	14	Amend Article 11 of Bylaws Re:		For	For		Mgmt
		Election of Shareholder Employees
		Representatives to the Board of
		Directors
	15	Amend Article 11 of Bylaws Re:		Against	Against		Mgmt
		Election of Employee Representatives
		to the Board of Directors
	16	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/14/08 - A	Safeway Inc. *SWY*		786514208			03/17/08		6,800
	1	Elect Director Steven A. Burd		For	For		Mgmt
	2	Elect Director Janet E. Grove		For	For		Mgmt
	3	Elect Director Mohan Gyani		For	For		Mgmt
	4	Elect Director Paul Hazen		For	For		Mgmt
	5	Elect Director Frank C. Herringer		For	For		Mgmt
	6	Elect Director Robert I. MacDonnell		For	For		Mgmt
	7	Elect Director Douglas J. MacKenzie		For	For		Mgmt
	8	Elect Director Kenneth W. Oder		For	For		Mgmt
	9	Elect Director Rebecca A. Stirn		For	For		Mgmt
	10	Elect Director William Y. Tauscher		For	For		Mgmt
	11	Elect Director Raymond G. Viault		For	For		Mgmt
	12	Ratify Auditors		For	For		Mgmt
	13	Provide for Cumulative Voting		Against	For		ShrHoldr
	14	Submit SERP to Shareholder Vote		Against	For		ShrHoldr
	15	Adopt Policy on 10b5-1 Plans		Against	For		ShrHoldr
05/16/08 - A	Schering-Plough Corp.		806605101			03/28/08		13,450
	*SGP*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt

Page 38

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
01/24/08 - A	Siemens AG		D69671218			None		3,220
	1	Receive Supervisory Board Report,		None	None		Mgmt
		Corporate Governance Report,
		Remuneration Report, and Compliance
		Report for Fiscal 2006/2007
	2	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2006/2007
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.60 per Share
	4.1	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Johannes
		Feldmayer for Fiscal 2006/2007
	4.2	Approve Discharge of Former		For	Against		Mgmt
		Management Board Member Klaus
		Kleinfeld for Fiscal 2006/2007
	4.3	Approve Discharge of Management		For	For		Mgmt
		Board Member Peter Loescher for
		Fiscal 2006/2007
	4.4	Approve Discharge of Management		For	For		Mgmt
		Board Member Heinrich Hiesinger for
		Fiscal 2006/2007
	4.5	Approve Discharge of Management		For	For		Mgmt
		Board Member Joe Kaeser for Fiscal
		2006/2007
	4.6	Approve Discharge of Management		For	Against		Mgmt
		Board Member Rudi Lamprecht for
		Fiscal 2006/2007
	4.7	Approve Discharge of Management		For	Against		Mgmt
		Board Member Eduardo Montes for
		Fiscal 2006/2007
	4.8	Approve Discharge of Management		For	For		Mgmt
		Board Member Juergen Radomski for
		Fiscal 2006/2007
	4.9	Approve Discharge of Management		For	For		Mgmt
		Board Member Erich Reinhardt for
		Fiscal 2006/2007
	4.10	Approve Discharge of Management		For	For		Mgmt
		Board Member Hermann Requardt for
		Fiscal 2006/2007
	4.11	Approve Discharge of Management		For	Against		Mgmt
		Board Member Uriel Sharef for Fiscal
		2006/2007
	4.12	Approve Discharge of Management		For	Against		Mgmt
		Board Member Klaus Wucherer for
		Fiscal 2006/2007
	4.13	Approve Discharge of Former		For	Against		Mgmt
		Management Board Member Johannes
		Feldmayer for Fiscal 2006/2007 If
		Discharge Should Not Be Postponed
	5.1	Approve Discharge of Former		For	Against		Mgmt
		Supervisory Board Member Heinrich

Page 39

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

	von Pierer for Fiscal 2006/2007
5.2	Approve Discharge of Supervisory Board Member Gerhard Cromme for Fiscal 2006/2007
5.3	Approve Discharge of Supervisory Board Member Ralf Heckmann for Fiscal 2006/2007
5.4	Approve Discharge of Supervisory Board Member Josef Ackermann for Fiscal 2006/2007
5.5	Approve Discharge of Supervisory Board Member Lothar Adler for Fiscal 2006/2007
5.6	Approve Discharge of Supervisory Board Member Gerhard Bieletzki for Fiscal 2006/2007
5.7	Approve Discharge of Supervisory Board Member John Coombe for Fiscal 2006/2007
5.8	Approve Discharge of Supervisory Board Member Hildegard Cornudet for Fiscal 2006/2007
5.9	Approve Discharge of Supervisory Board Member Birgit Grube for Fiscal 2006/2007
5.10	Approve Discharge of Supervisory Board Member Bettina Haller for Fiscal 2006/2007
5.11	Approve Discharge of Supervisory Board Member Heinz Hawreliuk for Fiscal 2006/2007
5.12	Approve Discharge of Supervisory Board Member Berthold Huber for Fiscal 2006/2007
5.13	Approve Discharge of Supervisory Board Member Walter Kroell for Fiscal 2006/2007
5.14	Approve Discharge of Supervisory Board Member Michael Mirow for Fiscal 2006/2007
5.15	Approve Discharge of Former Supervisory Board Member Wolfgang Mueller for Fiscal 2006/2007
5.16	Approve Discharge of Former Supervisory Board Member Georg Nassauer for Fiscal 2006/2007
5.17	Approve Discharge of Supervisory Board Member Thomas Rackow for Fiscal 2006/2007
5.18	Approve Discharge of Supervisory Board Member Dieter Scheitor for Fiscal 2006/2007

For	For	Mgmt
For	For	Mgmt
For	For	Mgmt
For	For	Mgmt
For	For	Mgmt
For	For	Mgmt
For	For	Mgmt
For	For	Mgmt
For	For	Mgmt
For	For	Mgmt
For	For	Mgmt
For	For	Mgmt
For	For	Mgmt
For	For	Mgmt
For	For	Mgmt
For	For	Mgmt
For	For	Mgmt

Page 40

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5.19	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Albrecht Schmidt for
		Fiscal 2006/2007
	5.20	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Henning Schulte-Noelle
		for Fiscal 2006/2007
	5.21	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Peter von Siemens for
		Fiscal 2006/2007
	5.22	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Jerry Speyer for Fiscal
		2006/2007
	5.23	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Iain Vallance of Tummel
		for Fiscal 2006/2007
	6	Ratify KPMG Deutsche Treuhand-		For	For		Mgmt
		Gesellschaft AG as Auditors for Fiscal
		2007/2008
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Authorize Use of Financial Derivatives		For	For		Mgmt
		of up to 5 Percent of Issued Share
		Capital When Repurchasing Shares
	9	Elect Supervisory Board Member		For	For		Mgmt
05/07/08 - A	Standard Chartered plc		G84228157			None		7,800
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 56.23 US		For	For		Mgmt
		Cents Per Ordinary Share
	3	Approve Remuneration Report		For	For		Mgmt
	4	Re-elect Michael DeNoma as Director		For	For		Mgmt
	5	Re-elect Valerie Gooding as Director		For	For		Mgmt
	6	Re-elect Rudolph Markham as Director		For	For		Mgmt
	7	Re-elect Peter Sands as Director		For	For		Mgmt
	8	Re-elect Oliver Stocken as Director		For	For		Mgmt
	9	Elect Gareth Bullock as Director		For	For		Mgmt
	10	Elect Sunil Mittal as Director		For	For		Mgmt
	11	Elect John Peace as Director		For	For		Mgmt
	12	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		of the Company
	13	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	14	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 235,070,165 (Relevant
		Securities and Share Dividend
		Scheme); Otherwise up to USD
		141,042,099

Page 41

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	15	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount Equal to the Company's Share
		Capital Repurchased by the Company
		Pursuant to Resolution 17
	16	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 35,260,524
	17	Authorise 141,042,099 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	18	Authorise 15,000 US Dollar Preference		For	For		Mgmt
		Shares and 195,285,000 Sterling
		Preference Shares for Market Purchase
	19	Adopt New Articles of Association		For	For		Mgmt
	20	Authorise the Company to Make EU		For	For		Mgmt
		Political Donations to Political Parties
		and/or Independent Election
		Candidates, to Make EU Political
		Donations to Political Organisations
		Other Than Political Parties and Incur
		EU Political Expenditure up to GBP
		100,000
	21	Authorise Company to Offer the Share		For	For		Mgmt
		Dividend Alternative
04/30/08 - A	State Street Corp. (Boston)		857477103			03/07/08		2,100
	*STT*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Limit Auditor from Providing Non-Audit		Against	Against		ShrHoldr
		Services
06/27/08 - A	SUMITOMO MITSUI		J7771X109			03/31/08		43
	FINANCIAL GROUP INC.
	*8316*
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JY 7000
	2	Amend Articles To: Limit Rights of Odd-		For	For		Mgmt
		lot Holders - Increase Authorized
		Capital in Connection with Stock Split
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	4.2	Appoint Internal Statutory Auditor		For	Against		Mgmt
	5	Approve Payment of Annual Bonuses to		For	For		Mgmt
		Directors and Statutory Auditors
	6	Approve Adjustment to Aggregate		For	For		Mgmt
		Compensation Ceilings for Directors

Page 42

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

04/29/08 - A

06/13/08 - A

04/30/08 -A/S

04/21/08 - A

	and Statutory Auditors
7	Approve Retirement Bonuses for		For	For		Mgmt
	Directors and Statutory Auditor
Symrise AG		D827A1108			04/08/08		8,054
1	Receive Financial Statements and		None	None		Mgmt
	Statutory Reports for Fiscal 2007 (Non-
	Voting)
2	Approve Allocation of Income and		For	For		Mgmt
	Dividends of EUR 0.50 per Share
3	Approve Discharge of Management		For	For		Mgmt
	Board for Fiscal 2007
4	Approve Discharge of Supervisory		For	For		Mgmt
	Board for Fiscal 2007
5	Ratify KPMG Deutsche Treuhand-		For	For		Mgmt
	Gesellschaft AG as Auditors for Fiscal
	2008
6	Elect Supervisory Board Member		For	For		Mgmt
7	Authorize Share Repurchase Program		For	For		Mgmt
	and Reissuance or Cancellation of
	Repurchased Shares

Taiwan Semiconductor	874039100	04/15/08	30,284
Manufacturing Co.
Meeting for ADR Holders

1	TO ACCEPT 2007 BUSINESS		For	For		Mgmt
	REPORT AND FINANCIAL
	STATEMENTS.
2	TO APPROVE THE PROPOSAL FOR		For	For		Mgmt
	DISTRIBUTION OF 2007 PROFITS.
3	TO APPROVE THE CAPITALIZATION		For	For		Mgmt
	OF 2007 DIVIDENDS, 2007
	EMPLOYEE PROFIT SHARING, AND
	CAPITAL SURPLUS.
Talisman Energy Inc. *TLM*		87425E103			03/03/08		21,000
1	Elect Directors		For	For		Mgmt
2	Ratify Ernst & Young LLP as Auditors		For	For		Mgmt
3	Approve Shareholder Rights Plan		For	For		Mgmt
Telefonica S.A. (Formerly		879382109			None		11,600
Telefonica De Espana, S.A.)
1	Approve Individual and Consolidated		For	For		Mgmt
	Financial Statements, Allocation of
	Income, and Discharge Directors
2	Elect Directors		For	For		Mgmt

Page 43

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Authorize Repurchase of Shares		For	For		Mgmt
	4	Approve Reduction in Capital via the		For	For		Mgmt
		Cancellation of Treasury Shares;
		Amend Articles Accordingly
	5	Ratify Auditors for 2008		For	For		Mgmt
	6	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
06/27/08 - A	Tesco plc		G87621101			None		49,150
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 7.7 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect Charles Allen as Director		For	For		Mgmt
	5	Re-elect Harald Einsmann as Director		For	For		Mgmt
	6	Re-elect Rodney Chase as Director		For	For		Mgmt
	7	Re-elect Karen Cook as Director		For	For		Mgmt
	8	Re-elect Sir Terry Leahy as Director		For	For		Mgmt
	9	Re-elect Tim Mason as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 130,800,000
	13	Subject to and Conditional Upon the		For	For		Mgmt
		Passing of Resolution 12, Authorise
		Issue of Equity or Equity-Linked
		Securities without Pre-emptive Rights
		up to Aggregate Nominal Amount of
		GBP 19,600,000
	14	Authorise 784,800,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	15	Auth. Company and Its Subsidiaries to		For	For		Mgmt
		Make EU Political Donations to Political
		Parties or Independent Election
		Candidates up to GBP 0.1M, to Political
		Org. Other Than Political Parties up to
		GBP 0.1M and to Incur EU Political
		Expenditure up to GBP 0.1M
	16	Adopt New Articles of Association;		For	For		Mgmt
		Amend New Articles of Association
		Shareholder Proposals
	17	Resolved that the Company Sets a		Against	Against		ShrHoldr
		Commitment to Take Appropriate
		Measures to Ensure that Chickens
		Purchased for Sale by the Company

Page 44

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		are Produced in Systems Capable of
		Providing the Five Freedoms
06/29/08 - A	Teva Pharmaceutical		881624209			05/22/08		3,200
	Industries Ltd.
		Meeting for ADR Holders
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of NIS 1.60 Per		For	For		Mgmt
		Share
	3	Elect Eli Hurvitz as Director		For	For		Mgmt
	4	Elect Ruth Cheshin as Director		For	For		Mgmt
	5	Elect Harold Snyder as Director		For	For		Mgmt
	6	Elect Joseph (Yosi) Nitzani as Director		For	For		Mgmt
	7	Elect Ory Slonim as Director		For	For		Mgmt
	8	Appoint Leora (Rubin) Meridor as		For	For		Mgmt
		External Director
	9	Approve Director/Officer Liability and		For	For		Mgmt
		Indemnification Insurance
	10	Approve Remuneration of Directors		For	For		Mgmt
	11	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	12	Approve Kesselman & Kesselman as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
04/28/08 - A	The Boeing Co. *BA*		097023105			02/28/08		3,100
	1	Elect Director John H. Biggs		For	For		Mgmt
	2	Elect Director John E. Bryson		For	For		Mgmt
	3	Elect Director Arthur D. Collins, Jr.		For	For		Mgmt
	4	Elect Director Linda Z. Cook		For	For		Mgmt
	5	Elect Director William M. Daley		For	For		Mgmt
	6	Elect Director Kenneth M. Duberstein		For	For		Mgmt
	7	Elect Director James L. Jones		For	For		Mgmt
	8	Elect Director Edward M. Liddy		For	For		Mgmt
	9	Elect Director John F. McDonnell		For	For		Mgmt
	10	Elect Director W. James McNerney, Jr.		For	For		Mgmt
	11	Elect Director Mike S. Zafirovski		For	For		Mgmt
	12	Ratify Auditors		For	For		Mgmt
	13	Report on Foreign Arms Sales		Against	Against		ShrHoldr
	14	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
	15	Adopt Human Rights Policy		Against	Against		ShrHoldr
	16	Require Independent Lead Director		Against	For		ShrHoldr
	17	Performance-Based and/or Time-Based		Against	Against		ShrHoldr
		Equity Awards
	18	Advisory Vote to Ratify Named		Against	Against		ShrHoldr
		Executive Officers' Compensation
	19	Restrict Severance Agreements		Against	For		ShrHoldr

Page 45

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		(Change-in-Control)
10/09/07 - A	The Procter & Gamble		742718109			08/10/07		11,250
	Company *PG*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditor		For	For		Mgmt
	3	Prohibit Executive Stock-Based Awards		Against	Against		ShrHoldr
	4	Report on Free Enterprise Initiatives		Against	Against		ShrHoldr
	5	Report on Animal Welfare		Against	Against		ShrHoldr
05/16/08 -	Total SA		F92124100			05/13/08		8,250
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 2.07 per Share
	4	Approve Special Auditors' Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Approve Transaction with Thierry		For	For		Mgmt
		Desmarest
	6	Approve Transaction with Christophe		For	For		Mgmt
		de Margerie
	7	Authorize Repurchase of Up to Ten		For	For		Mgmt
		Percent of Issued Share Capital
	8	Reelect Paul Desmarais Jr. as Director		For	For		Mgmt
	9	Reelect Bertrand Jacquillat as Director		For	For		Mgmt
	10	Reelect Lord Peter Levene of		For	For		Mgmt
		Portsoken as Director
	11	Elect Patricia Barbizet as Director		For	For		Mgmt
	12	Elect Claude Mandil as Director		For	For		Mgmt
		Special Business
	13	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 2.5 billion
	14	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 875 million
	15	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	16	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	17	Authorize up to 0.8 Percent of Issued		For	For		Mgmt
		Capital for Use in Restricted Stock Plan

Page 46

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	A	Dismiss Antoine Jeancourt-Galignani		Against	Against		ShrHoldr
	B	Amend Articles of Association Re:		Against	For		ShrHoldr
		Attendance Statistics of Directors at
		BoardMeetings and at Each Board's
		Committee Meetings
	C	Authorize up to 0.2 Percent of Issued		Against	Against		ShrHoldr
		Capital for Use in Restricted Stock Plan
		to the Benefit of All Company
		Employees
02/27/08 - S	UBS AG		H89231338			None		8,000
	1	Share Re-registration Consent		For	For		Mgmt
02/27/08 - S	* UBS AG		H89231338			None		8,000
		Shareholder Proposals
	1a	Receive Information on Effects of US		None	None		ShrHoldr
		Sub-Prime Mortgage Crisis (Non-
		Voting)
	1b	Authorize Special Audit to Investigate		Against	Against		ShrHoldr
		Internal Controls and Other Questions
		Related to US Sub-Prime Mortgage
		Crisis
		Management Proposals
	2	Approve Creation of CHF 10.4 Million		For	For		Mgmt
		Pool of Capital with Preemptive Rights
		for Purpose of Stock Dividend
	3a	Approve Creation of CHF 27.8 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights to Guarantee Conversion Rights
		for Mandatory Convertible Bonds
		Shareholder Proposal
	3b	Approve Creation of CHF 52 Million		Against	Against		ShrHoldr
		Pool of Capital with Preemptive Rights
07/28/07 - S	UniCredit SpA (formerly		T95132105			07/26/07		60,600
	Unicredito Italiano SpA)
		Special Meeting Agenda
		Ordinary Business
	1	Elect One Director		For			Mgmt
		Special Business
	1	Approve Plan of Merger by		For			Mgmt
		Incorporation of Capitalia SpA in
		Unicredit SpA; Amend Bylaws
		Accordingly
	2	Authorize Reissuance of Repurchased		For			Mgmt
		Shares to Service 425,000 Purchase
		Rights to Be Granted to Executive

Page 47

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Directors of Capitalia Group
	3	Amend Articles 27, 28, and 32 of the		For			Mgmt
		Bylaws
		Not voted per client instruction.
05/08/08 -	UniCredit SpA (formerly		T95132105			05/06/08		42,269
A/S	Unicredito Italiano SpA)
		Ordinary Business
	1	Accept Financial Statements,		For			Mgmt
		Consolidated Financial Statements,
		Statutory and Auditors' Reports for the
		Fiscal Year 2007
	2	Approve Allocation of Income		For			Mgmt
	3	Approve Top Management Long-Term		For			Mgmt
		Incentive Plan 2008
	4	Approve Stock Ownership Plan for the		For			Mgmt
		Employees of the Company and Its
		Subsidiaries
	5	Appoint Directors		For			Mgmt
	6	Approve Remuneration of Directors		For			Mgmt
	7	Amend Articles 1, 2, 8, 9, 16, 19, and		For			Mgmt
		20 of the Rules Governing General
		Meetings
	8	Approve Remuneration for the		For			Mgmt
		Representative of Holders of Saving
		Shares
	9	Deliberations Pursuant to Article 2390		For			Mgmt
		of Civil Code i.e. Decisions Inherent to
		Authorization of Board Members To
		Assume Positions In Competing
		Companies
		Special Business
	1	Authorize Board to Increase Capital for		For			Mgmt
		a One-Year Term up to EUR 61.09
		Million Through the Issuance of up to
		122.18 Million Ordinary Shares without
		Preemptive Rights Reserved to the Top
		Management of the Company and Its
		Subsidiaries
	2	Authorize Board to Increase Capital for		For			Mgmt
		a Five-Year Term up to EUR 12.44
		Million Through the Issuance of up to
		24.88 Million Ordinary Shares Reserved
		to the Top Management of the
		Company and Its Subsidiaries
	3	Eliminate Section VI "Executive		For			Mgmt
		Committee" and Articles 27, 28, 29, 30,
		31, and 32 of the Company Bylaws;
		Amend Articles 1, 2, 4, 5, 6, 8, 9, 17,

Page 48

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

21, 22, 23, 26, 27, 28, and 29 of the
Company Bylaws
Not voted due to shareblocking restriction. The
potential impact on trading/loan share activities would
outweigh the economic value of the vote.

04/09/08 - A	United Technologies Corp.		913017109			02/12/08		4,400
	*UTX*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
	5	Improve Human Rights Standards or		Against	For		ShrHoldr
		Policies
	6	Pay For Superior Performance		Against	Against		ShrHoldr
	7	Report on Foreign Military Sales		Against	Against		ShrHoldr
08/01/07 - A	Vedanta Resources plc		G9328D100			None		9,248
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 20.0 US		For	For		Mgmt
		Cents Per Ordinary Share
	4	Re-elect Aman Mehta as Director		For	For		Mgmt
	5	Re-elect Euan Macdonald as Director		For	For		Mgmt
	6	Re-elect Naresh Chandra as Director		For	For		Mgmt
	7	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors of the Company
	8	Authorise Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	9	Authorise Issue of Equity with Pre-		For	For		Mgmt
		emptive Rights up to USD 3,275,956
		Pursuant with the USD 725 Million 4.60
		Percent Guaranteed Convertible Bonds
		Due 2026 Issued by Vedanta Finance
		(Jersey) Ltd; Otherwise, up to USD
		9,582,896
	10	Subject to the Passing of Resolution 9,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 1,437,578
	11	Authorise 28,751,562 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	12	Authorise the Company to		For	For		Mgmt
		Communicate with Shareholders by
		Making Documents and Information
		Available on a Website

Page 49

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/02/08 - A	Weatherford International		G95089101			04/09/08		3,000
	Ltd *WFT*
		This is a duplicate meeting for
		ballots received via the Broadridge
		North American Ballot distribution
		system.
	1	ELECTION AS DIRECTOR:		For	For		Mgmt
		NICHOLAS F. BRADY
	2	ELECTION AS DIRECTOR: WILLIAM		For	For		Mgmt
		E. MACAULAY
	3	ELECTION AS DIRECTOR: DAVID J.		For	For		Mgmt
		BUTTERS
	4	ELECTION AS DIRECTOR: ROBERT		For	For		Mgmt
		B. MILLARD
	5	ELECTION AS DIRECTOR: BERNARD		For	For		Mgmt
		J. DUROC-DANNER
	6	ELECTION AS DIRECTOR: ROBERT		For	For		Mgmt
		K. MOSES, JR.
	7	ELECTION OF DIRECTOR: ROBERT		For	For		Mgmt
		A. RAYNE
	8	Ratify Auditors		For	For		Mgmt
11/28/07 - A	Wolseley plc		G97278108			None		12,627
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 21.55 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect Andrew Duff as Director		For	For		Mgmt
	5	Re-elect Claude Hornsby as Director		For	For		Mgmt
	6	Re-elect James Murray as Director		For	For		Mgmt
	7	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	8	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 34,703,160
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 8,264,842
	11	Authorise 66,118,736 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	12	Authorise the Company to Make		For	For		Mgmt
		Political Donations to Political Parties,
		Make Political Donations to Political

Page 50

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Organisations Other Than Political
		Parties and/or Incur Political
		Expenditure up to Total Aggregate
		Amount Not Exceeding GBP 125,000
	13	Approve Increase in Remuneration of		For	For		Mgmt
		Non-Executive Directors to GBP
		1,000,000
	14	Amend Articles of Association Re:		For	For		Mgmt
		Electronic Communications
	15	Amend Articles of Association Re:		For	For		Mgmt
		Conflicts of Interest
06/24/08 - A	WPP Group plc		G9787H105			None		22,300
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 9.13 Pence		For	For		Mgmt
		Per Ordinary Share
	3	Elect Timothy Shriver as Director		For	For		Mgmt
	4	Re-elect Orit Gadiesh as Director		For	For		Mgmt
	5	Re-elect Stanley Morten as Director		For	Against		Mgmt
	6	Re-elect Koichiro Naganuma as		For	For		Mgmt
		Director
	7	Re-elect Esther Dyson as Director		For	For		Mgmt
	8	Re-elect John Quelch as Director		For	For		Mgmt
	9	Re-elect Mark Read as Director		For	For		Mgmt
	10	Re-elect Paul Spencer as Director		For	For		Mgmt
	11	Re-elect Sir Martin Sorrell as Director		For	For		Mgmt
	12	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors and Authorise the Board to
		Determine Their Remuneration
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 43,812,326.40
	14	Authorise 117,155,289 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	15	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 5,867,764.45
	16	Approve Remuneration Report		For	For		Mgmt
	17	Adopt New Articles of Association		For	For		Mgmt
	18	Subject to the Passing of Resolution 17,		For	For		Mgmt
		Amend Articles of Association Re:
		Directors' Conflicts of Interest
	19	Amend WPP Group plc Annual Bonus		For	For		Mgmt
		Deferral Programme
	20	Authorise the Company to Defer		For	For		Mgmt
		Satisfaction of the Awards Due to Sir
		Martin Sorrell Under the WPP Group
		plc 2004 Leadership Equity Acquisition

Page 51

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Plan Granted in 2005
06/27/08 - A	Yamada Denki Co. *9831*		J95534103			03/31/08		1,650
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JY 33
	2	Amend Articles To: Amend Business		For	For		Mgmt
		Lines - Change Location of Head Office
		- Authorize Public Announcements in
		Electronic Format
	3	Elect Directors		For	For		Mgmt
	4	Appoint Internal Statutory Auditor		For	For		Mgmt
	5	Approve Adjustment to Aggregate		For	For		Mgmt
		Compensation Ceiling for Directors
	6	Approve Retirement Bonus for Director		For	For		Mgmt
05/14/08 -	Yamana Gold Inc. *YRI*		98462Y100			04/07/08		16,700
A/S
	1	Approve Increase in Size of Board from		For	For		Mgmt
		10 to 15 Directors
	2	Elect Directors		For	For		Mgmt
	3	Ratify Deloitte & Touche LLP as		For	For		Mgmt
		Auditors
	4	Approve Restricted Share Unit Plan		For	For		Mgmt
	5	Adopt New By-laws		For	For		Mgmt
04/03/08 - A	Zurich Financial Services AG		H9870Y105			None		1,155
	1	Share Re-registration Consent		For	For		Mgmt
04/03/08 - A	Zurich Financial Services AG		H9870Y105			None		1,155
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of CHF 15 per Share
	3	Approve Discharge of Board and Senior		For	For		Mgmt
		Management
	4	Approve CHF 343,250 Reduction in		For	For		Mgmt
		Share Capital via Cancellation of
		Repurchased Shares; Amend Articles
		to Reflect Changes in Capital
	5	Renew Existing Pool of Capital for		For	For		Mgmt
		Further Two Years
	6	Amend Articles Re: Group Auditors		For	For		Mgmt
	7	Elect Directors		For	For		Mgmt
	7.2	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors
	7.3	Ratify OBT AG as Special Auditors		For	For		Mgmt

Page 52

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds , Inc - Glob Equity Fnd I – 533160
Sub-Advisor: Principal Global Investors
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

Page 53

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
10/23/07 - A	Stockland *SGP*		Q8773B105			10/21/07		2,979
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for the Financial
		Year Ended June 30, 2007
	2	Elect Duncan Boyle as Director		For	For		Mgmt
	3	Elect Barry Neil as Director		For	For		Mgmt
	4	Elect Nick Greiner as Director		For	For		Mgmt
	5	Elect Hugh Thorburn as Director		For	For		Mgmt
	6	Elect Graham Bradley as Director		For	For		Mgmt
	7	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended June 30, 2007
	8	Approve the Increase in Non-Executive		For	For		Mgmt
		Directors' Remuneration from A$1.9
		Million Up to A$2.5 Million
	9	Approve the Grant of 395,000		For	For		Mgmt
		Performance Rights to Matthew Quinn
		Under the Performance Rights Plan
	10	Approve the Grant of 166,000		For	For		Mgmt
		Performance Rights to Hugh Thorburn
		Under the Performance Rights Plan
10/25/07 - S	Affine		F8827M109			10/22/07		266
		Special Business
	1	Amend Article 36 of Bylaws Re:		For			Mgmt
		Dividend
	2	Authorize Filing of Required		For			Mgmt
		Documents
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
10/25/07 - S	Conwert Immobilien Invest		A1359Y109			None		457
	SE
	1	Approve Acquisition of Several Shares		For			Mgmt
		in a Business
	2	Amend Articles Re: Increase Maximum		For			Mgmt
		Number of Management Board
		Members From Five to Eight
	3	Approve Creation of EUR 400.1 Million		For			Mgmt
		Pool of Capital with Preemptive Rights
	4	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	5	Approve Change of Corporate Form to		For			Mgmt
		Societas Europaea (SE)
	6	Elect Supervisory Board Members		For			Mgmt
		Not voted due to shareblocking restriction. The
Mgmt Rec - Company Management Recommended Vote								Page 1

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

potential impact on trading/loan share activities
would outweigh the economic value of the vote.

10/29/07 - A	BECTON PROPERTY GROUP Q1402C107					10/27/07		12,591
	LTD
	1a	Elect Bill Conn as Director		For	For		Mgmt
	1b	Elect Michael Naphtali as Director		For	For		Mgmt
	1c	Elect Matthew Chun as Director		For	For		Mgmt
	2	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended June 30, 2007
	3	Ratify Past Issuance of 1.14 Million		For	Against		Mgmt
		Options at an Exercise Price of A$2.55
		Each to Key Executives Under the
		Becton Executive Option Plan
	4	Ratify Past Issuance of 16 Million		For	For		Mgmt
		Stapled Securities at an Issue Price of
		A$4.25 Each to Selected Sophisticated
		Investors
	5	Approve Executive Option Plan		For	For		Mgmt
	6	Approve Deferred Employee Share		For	For		Mgmt
		Plan
	7	Amend Constitution of the Trust		For	For		Mgmt
10/29/07 -	Transurban Group *TCL*		Q9194A106			10/27/07		2,725
A/S
		Proposals for the Shareholders of
		Transurban Holdings Ltd and
		Transurban International Ltd
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for the Financial
		Year Ended June 30, 2007
	2a	Elect Geoffrey Cosgriff as a Director of		For	For		Mgmt
		Transurban Holdings Ltd
	2b	Elect Jeremy Davis as a Director of		For	For		Mgmt
		Transurban Holdings Ltd
	2c	Elect Jennifer Eve as a Director of		For	For		Mgmt
		Transurban International Ltd
	3	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended June 30, 2007
	4	Approve PricewaterhouseCoopers as		For	For		Mgmt
		Auditors of Transurban International
		Ltd and Authorize Board to Fix Their
		Remuneration
		Proposals for the Shareholders of
		Transurban Holdings Ltd,
		Transurban International Ltd, and
		Transurban Holding Trust
	5	Approve Increase of Remuneration for		None	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 2

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Non-Executive Directors From A$1.9
		Million to A$2.1 Million Per Annum
	6	Amend Bye-Laws of Transurban		For	For		Mgmt
		International Ltd
10/30/07 - S	Babcock & Brown Japan		Q1243B102			10/28/07		31,145
	Property Trust *BJT*
	1	Refresh Capacity to Issue Units and		For	For		Mgmt
		Ratify Past Issuance of 30 Million Units
		Under Placement at A$1.73 Each to
		Institutional Investors Made on Sept 3,
		2007
11/05/07 - A	HANG LUNG PROPERTIES		Y30166105			None		15,857
	LTD
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend		For	For		Mgmt
	3a	Reelect Ronnie C. Chan as Director		For	For		Mgmt
	3b	Reelect William P.Y. Ko as Director		For	For		Mgmt
	3c	Reelect Terry S. Ng as Director		For	For		Mgmt
	3d	Authorize Board to Fix Directors' Fees		For	For		Mgmt
	4	Reappoint KPMG as Auditors and at a		For	For		Mgmt
		Fee to be Agreed with the Directors
	5a	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	5b	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	5c	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
11/06/07 - A	Eurocommercial Properties		N31065142			None		240
	NV
	1	Open Meeting		None			Mgmt
	2	Receive Report of Management Board		None			Mgmt
	3	Approve Financial Statements,		For			Mgmt
		Allocation of Income and Dividends of
		EUR 0.167 per Share
	4	Approve Discharge of Supervisory		For			Mgmt
		Board
	5	Approve Discharge of Management		For			Mgmt
		Board
	6	Approve Remuneration of Supervisory		For			Mgmt
		Board
	7	Approve Remuneration Report		For			Mgmt
		Containing Remuneration Policy for
Mgmt Rec - Company Management Recommended Vote								Page 3

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Management Board Members
	8	Ratify Ernst and Young as Auditors		For			Mgmt
	9	Grant Board Authority to Issue Shares		For			Mgmt
		and Restricting/Excluding Preemptive
		Rights
	10	Authorize Repurchase of Up to Ten		For			Mgmt
		Percent of Issued Share Capital
	11	Other Business (Non-Voting)		None			Mgmt
	12	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
11/08/07 - A	Servcorp Ltd.		Q8461P101			11/06/07		10,334
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Financial Year
		Ended June 30, 2007
	2	Adopt Remuneration Report for the		For	For		Mgmt
		Financial Year Ended June 30, 2007
	3	Elect Rick Holliday-Smith as Director		For	For		Mgmt
11/15/07 - A	APN PROPERTY GROUP LTD Q0452R105					11/13/07		14,144
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for the Financial
		Year Ended June 30, 2007
	2	Adopt Remuneration Report for the		For	Against		Mgmt
		Financial Year Ended June 30, 2007
	3	Elect Directors		For	For		Mgmt
	4	Approve Increase for Remuneration for		For	For		Mgmt
		Non-Executive Directors from
		A$500,000 to A$750,000
	5	Renew Approval of Operation of		For	Against		Mgmt
		Existing APN Property Group
		Employee Share Plans
	6	Approve Participation of Executive		For	Against		Mgmt
		Directors in the APN Property Group
		Employee Share Plan
11/15/07 - A	Sino Land Company Ltd		Y80267126			11/09/07		14,316
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of HK$0.3 Per		For	For		Mgmt
		Share with Scrip Dividend Option
	3a	Reelect Ronald Joseph Arculli as		For	For		Mgmt
		Director
	3b	Reelect Raymond Tong Kwok Tung as		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 4

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Director
	3c	Reelect Thomas Tang Wing Yung as		For	For		Mgmt
		Director
	3d	Authorize Board to Fix Directors'		For	For		Mgmt
		Remuneration
	4	Reappoint Deloitte Touche Tohmatsu		For	For		Mgmt
		as Auditors and Authorize Board to Fix
		Their Remuneration
	5a	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	5b	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	5c	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
11/16/07 -	Mirvac Group Ltd. *MGR*		Q62377108			11/14/07		5,463
A/S
	1	Accept Financial Statements and		None	None		Mgmt
		Statutory Reports for the Financial
		Year Ended June 30, 2007
	2a	Elect James A C MacKenzie as		For	For		Mgmt
		Director
	2b	Elect Richard W Turner as Director		For	For		Mgmt
	3	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended June 30, 2007
	4	Amend Constitution Re: Options for		For	For		Mgmt
		Stapled Securities
	5	Approve Long Term Performance Plan		For	For		Mgmt
	6a	Approve Participation by Gregory		For	For		Mgmt
		Paramor to the Long Term
		Performance Plan
	6b	Approve Participation by Nicholas		For	For		Mgmt
		Collishaw to the Long Term
		Performance Plan
	6c	Approve Participation by Adrian Fini to		For	For		Mgmt
		the Long Term Performance Plan
11/19/07 - S	Kungsleden AB		W53033101			11/13/07		1,800
	1	Open Meeting		None	None		Mgmt
	2	Elect Chairman of Meeting		For	For		Mgmt
	3	Prepare and Approve List of		For	For		Mgmt
		Shareholders
	4	Approve Agenda of Meeting		For	For		Mgmt
	5	Designate Inspector(s) of Minutes of		For	For		Mgmt
		Meeting
	6	Acknowledge Proper Convening of		For	For		Mgmt
		Meeting
	7	Approve Share Redemption Program		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 5

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Approve SEK 2,064 Million Reduction		For	For		Mgmt
		in Statutory Reserve
	9	Close Meeting		None	None		Mgmt
11/22/07 -	CROMWELL GROUP		Q2995J103			11/20/07		34,914
A/S
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for the Financial
		Year Ended June 30, 2007
	2a	Elect Daryl Wilson as Director		For	Against		Mgmt
	2b	Elect Richard Foster as Director		For	Against		Mgmt
	2c	Elect Michelle McKellar as Director		For	For		Mgmt
	2d	Elect David Usasz as Director		For	For		Mgmt
	3	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended June 30, 2007
	4	Approve Cromwell Group Tax Exempt		For	For		Mgmt
		Stapled Security Plan
	5	Approve Cromwell Group Performance		For	Against		Mgmt
		Rights Plan
	6	Approve Grant of 1.1 Million		For	Against		Mgmt
		Performance Rights at an Issue Price
		of A$1.21 Each to P. Weightman, Chief
		Executive Officer, Under the Cromwell
		Performance Rights Plan
	7	Approve Grant of 516,300		For	Against		Mgmt
		Performance Rights at an Issue Price
		of A$1.21 Each to D. Wilson, Chief
		Financial Officer, Under the Cromwell
		Performance Rights Plan
	8	Amend Constitution Re: Terms of		For	For		Mgmt
		Options, Financial Statements, and
		Investment into Unregistered Managed
		Investment Schemes
11/22/07 - A	Goodman Group (frmrly		Q4229W108			11/20/07		7,115
	MACQUARIE GOODMAN
	GROUP LTD.) *GMG*
	1	Elect Diane Grady as Director		For	For		Mgmt
	2	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended June 30, 2007
	3	Approve Issuance of Securities to		For	For		Mgmt
		Underwriters of the Distribution
		Reinvestment Plan
	4	Approve Issuance of 2 Million		For	For		Mgmt
		Securities at an Issue Price of A$7.23
		Each to Gregory Goodman, Group
		Chief Executive Officer, Under the
		Employee Securities Acquisition Plan
Mgmt Rec - Company Management Recommended Vote								Page 6

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Approve Grant of 2.7 Million Options		For	For		Mgmt
		Exercisable at A$6.36 Each to Gregory
		Goodman, Group Chief Executive
		Officer
11/23/07 - S	Kerry Properties Ltd		G52440107			11/21/07		8,306
	1a	Reelect Chan Wai Ming, William as		For	For		Mgmt
		Director
	1b	Reelect Ku Moon Lun as Director		For	For		Mgmt
	1c	Reelect Qian Shaohua as Director		For	For		Mgmt
	2	Approve Agreements and the		For	For		Mgmt
		Transactions Contemplated
		Thereunder
11/27/07 - A	New World China Land Ltd.		G6493A101			11/22/07		25,200
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend		For	For		Mgmt
	3a	Reelect Cheng Kar-shun, Henry as		For	For		Mgmt
		Director
	3b	Reelect Chow Kwai-cheung as Director		For	For		Mgmt
	3c	Reelect Fu Sze-shing as Director		For	For		Mgmt
	3d	Reelect Lee Luen-wai, John as		For	Against		Mgmt
		Director
	3e	Authorize Board to Fix Directors'		For	For		Mgmt
		Remuneration
	4	Reappoint PricewaterhouseCoopers as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
	5a	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	5b	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	5c	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
11/27/07 - A	New World Development Co.		Y63084126			11/19/07		24,800
	Ltd.
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend		For	For		Mgmt
	3a	Reelect Cheng Chi-Kong, Adrian as		For	For		Mgmt
		Director
	3b	Reelect Cheng Yue-Pui as Director		For	For		Mgmt
	3c	Reelect Chow Kwai-Cheung as		For	For		Mgmt
		Director
Mgmt Rec - Company Management Recommended Vote								Page 7

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3d	Reelect Ho Hau-Hay, Hamilton as		For	For		Mgmt
		Director
	3e	Reelect Liang Cheung-Biu, Thomas as		For	For		Mgmt
		Director
	3f	Reelect Lee Luen-Wai, John as		For	For		Mgmt
		Director
	3g	Authorize Board to Fix the		For	For		Mgmt
		Remuneration of Directors
	4	Reappoint Joint Auditors and Authorize		For	For		Mgmt
		Board to Fix Their Remuneration
	5	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	6	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	7	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
	8	Approve Share Option Scheme of New		For	Against		Mgmt
		World Department Store China Ltd.
11/27/07 - A	Sunland Group Limited *SDG* Q8803B109					11/25/07		7,340
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for the Financial
		Year Ended June 30, 2007
	2	Elect John Leaver as Director		For	For		Mgmt
	3	Elect Soheil Abedian as Director		For	For		Mgmt
	4	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended June 30, 2007
11/30/07 - S	SHIMAO PROPERTY		G81043104			11/28/07		17,446
	HOLDINGS LIMITED
	1	Approve Share Subscription and Asset		For	For		Mgmt
		Transfer Agreement Between the
		Company, Shanghai Shimao Co. Ltd.
		(Shanghai Shimao), Beijing Shimao
		Investment and Development Co. Ltd.,
		Shanghai Shimao Enterprises
		Development Co. Ltd. and Peak Gain
		Internationall Ltd.
	2	Approve PRC Non-Competition		For	For		Mgmt
		Agreement Between the Company,
		Shanghai Shimao and Hui Wing Mau
		(Hui)
	3	Approve Deed of Release		For	For		Mgmt
	4	Approve Grant to Hui Pursuant to the		For	For		Mgmt
		Amendments to the Hong Kong Non-
		Competition Agreement
Mgmt Rec - Company Management Recommended Vote								Page 8

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
12/06/07 - A	Sun Hung Kai Properties Ltd.		Y82594121			11/28/07		14,131
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Declare Final Dividend		For	For		Mgmt
	3a1	Reelect Yip Dicky Peter as Director		For	Against		Mgmt
	3a2	Reelect Wong Yue-chim, Richard as		For	For		Mgmt
		Director
	3a3	Reelect Li Ka-cheung, Eric as Director		For	For		Mgmt
	3a4	Reelect Chan Kui-yuen, Thomas as		For	For		Mgmt
		Director
	3a5	Reelect Kwong Chun as Director		For	For		Mgmt
	3b	Approve Remuneration of HK$100,000		For	For		Mgmt
		to Each Director, HK$110,000 to Each
		Vice Chairman, and HK$120,000 to the
		Chairman for the Year Ending June 30,
		2008
	4	Reappoint Auditors and Authorize		For	For		Mgmt
		Board to Fix Their Remuneration
	5	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	6	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	7	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
	8	Amend Articles of Association		For	For		Mgmt
12/17/07 - S	Befimmo		B09186105			None		88
		Extraordinary Meeting
	A.1	Receive Special Report of Statutory		None			Mgmt
		Fiduciary
	A.2	Authorize Capital Increase With		For			Mgmt
		Preemptive Rights up to EUR 189.73
		Million
	B.1	Authorize Board to Repurchase Shares		For			Mgmt
		in the Event of a Public Tender Offer or
		Share Exchange Offer
	B.2	Authorize Board to Reissue Shares in		For			Mgmt
		the Event of a Public Tender Offer or
		Share Exchange Offer
	C.	Amend Articles		For			Mgmt
	D.	Approve Transitory Provision		For			Mgmt
	E.	Authorize Implementation of Approved		For			Mgmt
		Resolutions and Filing of Required
		Documents/Formalities at Trade
		Registry
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
Mgmt Rec - Company Management Recommended Vote								Page 9

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		would outweigh the economic value of the vote.
12/17/07 - A	Befimmo		B09186105			None		88
	1	Receive Directors' Reports		None			Mgmt
	2	Receive Auditors' Reports		None			Mgmt
	3	Approve Additional Auditor Fees		For			Mgmt
	4	Receive Consolidated Financial		None			Mgmt
		Statements and Statutory Reports
		(Non-Voting)
	5	Accept Financial Statements and		For			Mgmt
		Allocation of Income
	6	Approve Discharge of Directors		For			Mgmt
	7	Approve Discharge of Auditors		For			Mgmt
	8	Ratify Deloitte as Auditors and Approve		For			Mgmt
		Auditor Fees
	9	Approve Clause Change of Control		For			Mgmt
	10	Transact Other Business		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
12/19/07 - S	Warehouses de Pauw		B9774V120			None		121
		Extraordinary Meeting
	A.1	Discuss Proposed Merger by		None			Mgmt
		Absorption of Royvelden by
		Warehouses De Pauw
	A.2	Approve Merger by Absorption of		For			Mgmt
		Royvelden
	B.1	Amend Articles to Comply with Law on		For			Mgmt
		Real Estate Funds
	B.2	Amend Articles Re: Abolition of Bearer		For			Mgmt
		Shares
	B.3	Authorize Repurchase of Own Shares		For			Mgmt
	B.4	Amend Articles to Comply with Law on		For			Mgmt
		Liquidiations
	B.5	Authorize Notary To File Required		For			Mgmt
		Documents at Trade Registry
	B.6	Grant Special Authority to VGD		For			Mgmt
		Accountants en Belastingsconsulenten
		to Execute Required Formalities
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.

Mgmt Rec - Company Management Recommended Vote

Page 10

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
12/21/07 - S	China Resources Land Ltd.		G2108Y105			None		18,684
	(frmrly. China Resources
	Beijing L
	1	Approve Sale and Purchase		For	For		Mgmt
		Agreement Between China Resources
		Land Ltd. (Company) as Purchaser
		and Gain Ahead Group Ltd. as Vendor
		and the Issuance of 269.1 Million
		Consideration Shares at the Issue
		Price of HK$16.83 Each
	2	Approve Connected Transactions with		For	For		Mgmt
		a Related Party and Related Annual
		Caps
12/28/07 - S	Gecina		F4268U171			12/21/07		44
		Special Business
	1	Amend Articles 9 and 23 of Association		For			Mgmt
		Re: Shareholding Disclosure
		Thresholds, and Dividends
	2	Authorize Directed Share Repurchase		For			Mgmt
		Offer in Order to Reduce Stated
		Capital
	3	Approve Reduction in Share Capital via		For			Mgmt
		Cancellation of Repurchased Shares
	4	Approve Merger by Absorption of		For			Mgmt
		Societe Des Immeubles De France
	5	Approve Accounting Treatment of		For			Mgmt
		Merger
	6	Acknowledge Completion of the		For			Mgmt
		Acquisition Above, Approve Dissolution
		of Societe Des Immeubles De France
		without Liquidation
	7	Amend Article 6 to Reflect Changes in		For			Mgmt
		Capital
	8	Authorize Filing of Required		For			Mgmt
		Documents/Other Formalities
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
01/21/08 - S	COFINIMMO		B25654136			None		319
		Extraordinary Meeting
	1.1	Receive Notification on Share Capital		None			Mgmt
		Reduction
	1.2	Receive Notification of Reduction of		None			Mgmt
		Reserves Following Capital Reduction
		Discussed Above
Mgmt Rec - Company Management Recommended Vote								Page 11

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.3	Approve Reduction of Share Capital		For			Mgmt
		Through Cancellation of 58,320
		Treasury Shares
	2.A	Receive Special Board Report on		None			Mgmt
		Merger by Absorption of Douce
		Quietude BVBA, La Rasante Tennis
		Club NV, and Media Corner Eur. V;
		Related Announcements
	2.B.1	Approve Merger Agreement with		For			Mgmt
		Douce Quietude BVBA, La Rasante
		Tennis Club NV, and Media Corner
		Eur. V
	2.B.2	Approve Various Merger Conditions		For			Mgmt
	2.B.3	Determine Issue Conditions of New		For			Mgmt
		Shares Created for the Purpose of
		Proposed Mergers
	2.B.4	Approve Merger by Absorption of		For			Mgmt
		Douce Quietude BVBA, Fix Exchange
		Ratio, and Approve Capital Increase of
		EUR 109,116.70
	2.B.5	Approve Merger by Absorption of La		For			Mgmt
		Rasante Tennis Club NV, Fix
		Exchange Ratio, and Approve Capital
		Increase of EUR 5,231,917.88
	2.B.6	Approve Merger by Absorption of		For			Mgmt
		Media Corner Eur. V, Fix Exchange
		Ratio, and Approve Capital Increase of
		EUR 7,296,395.12
	2.C	Confirm Realization of Proposed		For			Mgmt
		Mergers
	2.D	Amend Articles Re: Adjust Share		For			Mgmt
		Capital to Incorporate Changes
		Following Proposed Mergers
	2.E	Receive Overview of Assets to be		None			Mgmt
		Transferred
	3.A	Receive Special Board Report on		None			Mgmt
		Merger by Absorption of Holding Van
		Den Brande NV, Rustimmo NV,
		Deltimmo NV, De Wyngaert NV,
		Rusthuis Smeedeshof NV, Senimmo
		NV, Speciale Woonbouw Voor
		Bejaarden NV, VMB NV, and Van Den
		Brande NV; Related Announcements
	3.B.1	Approve Merger Agreements With		For			Mgmt
		Above Mentioned Entities
	3.B.2	Approve Various Merger Conditions		For			Mgmt
	3B3.1	Approve Merger by Absorption of		For			Mgmt
		Holding Van Den Brande NV
	3B3.2	Approve Merger by Absorption of		For			Mgmt
		Rustimmo NV
Mgmt Rec - Company Management Recommended Vote								Page 12

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3B3.3	Approve Merger by Absorption of		For			Mgmt
		Deltimmo NV
	3B3.4	Approve Merger by Absorption of De		For			Mgmt
		Wyngaert NV
	3B3.5	Approve Merger by Absorption of		For			Mgmt
		Rusthuis Smeedeshof NV
	3B3.6	Approve Merger by Absorption of		For			Mgmt
		Senimmo NV
	3B3.7	Approve Merger by Absorption of		For			Mgmt
		Speciale Woonbouw Voor Bejaarden
		NV
	3B3.8	Approve Merger by Absorption of VMB		For			Mgmt
		NV
	3B3.9	Approve Merger by Absorption of Van		For			Mgmt
		Den Brande NV
	3.C	Confirm Realization of Proposed		For			Mgmt
		Mergers
	3.D	Receive Overview of Assets to be		None			Mgmt
		Transferred
	4.1	Receive Special Board Report Re		None			Mgmt
		Authorized Capital
	4.2	Approve Authorization to Increase		For			Mgmt
		Share Capital up to EUR 640 Million
	4.3	Authorize Board to Issue Shares in the		For			Mgmt
		Event of a Public Tender Offer or
		Share Exchange Offer
	5.1	Amend Articles to Incorporate Law of		For			Mgmt
		July 20, 2004 Re Collective
		Management of Investment Portfolio
	5.2	Amend Article 21 Re: Change Wording		For			Mgmt
	6	Authorize Implementation of Approved		For			Mgmt
		Resolutions and Filing of Required
		Documents/Formalities at Trade
		Registry
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
02/14/08 - A	Shaftesbury plc		G80603106			None		1,203
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 5.50 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect John Manser as Director		For	For		Mgmt
	5	Re-elect Brian Bickell as Director		For	For		Mgmt
	6	Re-elect Alastair MacDonald as		For	For		Mgmt
		Director
	7	Re-elect Thomas Welton as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 13

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	9	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 11,000,000
	11	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 1,650,000
	12	Authorise 13,200,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	13	Authorise the Company and Any		For	For		Mgmt
		Company which Is or Becomes a
		Subsidiary of the Company to Make
		EU Political Organisation Donations
		and to Incur EU Political Expenditure
		up to GBP 100,000 in Total
02/21/08 - S	Kerry Properties Ltd		G52440107			02/19/08		9,930
	1	Approve Framework Reorganization		For	For		Mgmt
		Agreement as Amended By the
		Amendment Agreement and Related
		Transactions
03/13/08 - A	Citycon Oyj		X1422T116			03/03/08		4,724
		Matters Pertaining to the AGM as
		Stated in the Company's Articles of
		Association (Items 1-9)
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports (Non-Voting)
	2	Receive Auditor's Report (Non-Voting)		None			Mgmt
	3	Accept Financial Statements and		For			Mgmt
		Statutory Reports
	4	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 0.14 Per Share
	5	Approve Discharge of Board and		For			Mgmt
		President
	6	Approve Remuneration of Directors		For			Mgmt
		and Auditors
	7	Fix Number of Directors at Eight		For			Mgmt
	8	Reelect Gideon Bolotowsky, Raimo		For			Mgmt
		Korpinen, Tuomo Laehdesmaeki,
		Claes Ottosson, Dor Segal, and
		Thomas Wernink as Directors; Elect
		Per-Haakan Westin and Amir Bernstein
Mgmt Rec - Company Management Recommended Vote								Page 14

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		as New Directors
	9	Ratify Ernst & Young Oy as Auditor		For			Mgmt
	10	Amend Terms and Conditions of 2004		For			Mgmt
		Stock Option Plan
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
03/18/08 - A	Globe Trade Centre SA		X3204U113			03/11/08		609
	1	Open Meeting		None			Mgmt
	2	Elect Meeting Chairman		For			Mgmt
	3	Acknowledge Proper Convening of		For			Mgmt
		Meeting; Approve Agenda of Meeting
	4	Receive and Approve Financial		For			Mgmt
		Statements and Management Board
		Report on Company's Operations in
		Fiscal 2007
	5	Approve Consolidated Financial		For			Mgmt
		Statements
	6	Approve Allocation of Income		For			Mgmt
	7.1	Approve Discharge of Erez Boniel		For			Mgmt
		(Management Board)
	7.2	Approve Discharge of Piotr Kroenke		For			Mgmt
		(CEO)
	7.3	Approve Discharge of Mariusz		For			Mgmt
		Kozlowski (Management Board)
	7.4	Approve Discharge of Witold Zatonski		For			Mgmt
		(Management Board)
	7.5	Approve Discharge of Hagai Harel		For			Mgmt
		(Management Board)
	8.1	Approve Discharge of Eli Alroy		For			Mgmt
		(Supervisory Board Chairman)
	8.2	Approve Discharge of Mariusz		For			Mgmt
		Grendowicz (Supervisory Board)
	8.3	Approve Discharge of Shai Pines		For			Mgmt
		(Supervisory Board)
	8.4	Approve Discharge of Alain Ickovics		For			Mgmt
		(Supervisory Board)
	8.5	Approve Discharge of Andrzej Davis		For			Mgmt
		(Supervisory Board)
	8.6	Approve Discharge of Nissim Zarfati		For			Mgmt
		(Supervisory Board)
	8.7	Approve Discharge of Alon Shlank		For			Mgmt
		(Supervisory Board)
	8.8	Approve Discharge of Henry Alster		For			Mgmt
		(Supervisory Board)
	8.9	Approve Discharge of Zachary Rubin		For			Mgmt
		(Supervisory Board)
Mgmt Rec - Company Management Recommended Vote								Page 15

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8.10	Approve Discharge of Walter van		For			Mgmt
		Damme (Supervisory Board)
	9	Approve Remuneration of Independent		For			Mgmt
		Supervisory Board Member
	10	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
03/19/08 - A	Sponda Oyj		X84465107			03/07/08		912
	1	Receive Financial Statements and		None			Mgmt
		Auditor's Report
	2	Accept Financial Statements		For			Mgmt
	3	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 0.50 per Share
	4	Approve Discharge of Board and CEO		For			Mgmt
	5	Approve Monthly Remuneration of		For			Mgmt
		Directors in Amount of EUR 5,000 for
		Chairman, EUR 3,000 for Vice
		Chairman, and EUR 2,600 for
		Remaining Directors
	6	Fix Number of Directors at Six		For			Mgmt
	7	Reelect Tuula Entelae, Timo		For			Mgmt
		Korvenpaeae, Lauri Ratia, and Arja
		Talma as Directors; Elect Klaus Cawen
		and Erkki Virtanen as New Directors
	8	Approve Remuneration of Auditors		For			Mgmt
	9	Appoint APA Kai Salli of KPMG Oy Ab		For			Mgmt
		as Auditor and APA Riitta Pyykkoe as
		Deputy Auditor
	10	Amend Articles Re: Set Range of		For			Mgmt
		Board Size at between Four to Seven
		Directors
	11	Authorize Repurchase of up to 10		For			Mgmt
		Percent of Issued Share Capital
	12	Approve Creation of Pool of Capital		For			Mgmt
		without Preemptive Rights
		Shareholder Proposals
	13	Shareholder Proposal: Establish		None			ShrHoldr
		Nomination Committee
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
03/27/08 - A	Castellum AB		W2084X107			03/19/08		3,207
	1	Elect Chairman of Meeting		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 16

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Prepare and Approve List of		For	For		Mgmt
		Shareholders
	3	Approve Agenda of Meeting		For	For		Mgmt
	4	Designate Inspector(s) of Minutes of		For	For		Mgmt
		Meeting
	5	Acknowledge Proper Convening of		For	For		Mgmt
		Meeting
	6	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports; Receive President's
		and Chairman's Reports
	7	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	8	Approve Allocation of Income and		For	For		Mgmt
		Dividends of SEK 3 per Share
	9	Approve Discharge of Board and		For	For		Mgmt
		President
	10	Receive Report from Nomination		None	None		Mgmt
		Committee
	11	Determine Number of Members (7) and		For	For		Mgmt
		Deputy Members of Board (0)
	12	Approve Remuneration of Directors in		For	For		Mgmt
		the Aggregate Amount of SEK 1.7
		Million
	13	Reelect Jan Kvarnstroem (Chairman),		For	For		Mgmt
		Per Berggren, Marianne
		Alexandersson, Ulla-Britt Fraejdin
		Hellqvist, Christer Jacobsen, Goran
		Linden, and Mats Waeppling as
		Directors
	14	Authorize Chairman of Board and		For	For		Mgmt
		Representatives of Three of
		Company's Largest Shareholders to
		Serve on Nominating Committee
	15	Approve Remuneration Policy And		For	For		Mgmt
		Other Terms of Employment For
		Executive Management
	16	Authorize Repurchase of Up to Ten		For	For		Mgmt
		Percent of Issued Share Capital and
		Reissuance of Repurchased Shares
03/27/08 - A	Nieuwe Steen Investments		N6325K105			03/21/08		623
		Annual Meeting
	1	Open Meeting		None			Mgmt
	2	Receive Report of Management Board		None			Mgmt
		(Non-Voting)
	3	Approve Financial Statements and		For			Mgmt
		Statutory Reports
	4	Reserve and Dividend Policy and		For			Mgmt
		Approve Final Dividend of EUR 0.34
Mgmt Rec - Company Management Recommended Vote								Page 17

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Per Share
	5	Approve Discharge of Management		For			Mgmt
		Board
	6	Approve Discharge of Supervisory		For			Mgmt
		Board
	7	Elect G.L.B. de Greef to Supervisory		For			Mgmt
		Board
	8	Expectations 2008		None			Mgmt
	9	Allow Questions		None			Mgmt
	10	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
03/27/08 - A	Wereldhave NV		N95060120			03/13/08		254
		Annual Meeting
	1	Open Meeting		None			Mgmt
	2	Receive Minutes of General Meeting		None			Mgmt
		on March 29, 2007
	3	Receive Report of Management Board		None			Mgmt
		(Non-Voting)
	4	Receive Explanation on Company's		None			Mgmt
		Reserves and Dividend Policy
	5	Approve Remuneration Report		For			Mgmt
		Containing Remuneration Policy for
		Management Board Members
	6	Allow Questions to the External		None			Mgmt
		Accountant
	7	Approve Financial Statements,		For			Mgmt
		Allocation of Income and Dividends of
		EUR 4.65 per Share
	8	Discussion on Company's Corporate		None			Mgmt
		Governance Structure
	9	Approve Discharge of Management		For			Mgmt
		Board
	10	Approve Discharge of Supervisory		For			Mgmt
		Board
	11	Elect F.Th.J. Arp to Supervisory Board		For			Mgmt
	12	Ratify PricewaterhouseCoopers NV as		For			Mgmt
		Auditors
	13	Allow Questions		None			Mgmt
	14	Close Meeting		None			Mgmt

Not voted due to shareblocking restriction. The
potential impact on trading/loan share activities
would outweigh the economic value of the vote.

Mgmt Rec - Company Management Recommended Vote

Page 18

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
03/28/08 - A	K.K. DaVinci Advisors *4314*		J3409L104			12/31/07		11
	1	Amend Articles To: Amend Business		For	For		Mgmt
		Lines
	2	Elect Director		For	Against		Mgmt
	3.1	Appoint Internal Statutory Auditor		For	For		Mgmt
	3.2	Appoint Internal Statutory Auditor		For	Against		Mgmt
	3.3	Appoint Internal Statutory Auditor		For	Against		Mgmt
04/03/08 - A	Fabege AB (formerly		W7888D108			03/28/08		2,000
	Wihlborgs Fastigheter AB)
	1	Open Meeting		None	None		Mgmt
	2	Elect Erik Paulsson as Chairman of		For	For		Mgmt
		Meeting
	3	Prepare and Approve List of		For	For		Mgmt
		Shareholders
	4	Approve Agenda of Meeting		For	For		Mgmt
	5	Designate Inspector(s) of Minutes of		For	For		Mgmt
		Meeting
	6	Acknowledge Proper Convening of		For	For		Mgmt
		Meeting
	7	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports
	8a	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	8b	Approve Allocation of Income and		For	For		Mgmt
		Dividends of SEK 4 per Share
	8c	Approve Discharge of Board and		For	For		Mgmt
		President
	8d	Approve Record Date (April 8, 2008)		For	For		Mgmt
		for Payment of Dividends
	9	Approve SEK 260.8 Million Reduction		For	For		Mgmt
		In Share Capital via Share
		Cancellation; Approve Capitalization of
		Reserves for SEK 270.9 Million Bonus
		Issuance
	10	Determine Number of Members (8) and		For	For		Mgmt
		Deputy Members (0) of Board; Receive
		Report of Work of Nominating
		Committee
	11	Approve Remuneration of the Board in		For	For		Mgmt
		the Amount of SEK 375,000 for
		Chairman, SEK 185,000 for Board
		Members, SEK 835,000 in Extra Fees
		to Chairman, and SEK 120,000 for
		Audit Committee Members; Approve
		Remuneration of Auditors
	12	Reelect Erik Paulsson (Chairman),		For	For		Mgmt
		Goete Dahlin, Christian Hermelin,
		Sven-Ake Johansson, Maertha
Mgmt Rec - Company Management Recommended Vote								Page 19

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Josefsson, Helen Olausson, Mats
		Qviberg, and Svante Paulsson as
		Directors
	13	Authorize Representatives of Four of		For	For		Mgmt
		Company's Largest Shareholders to
		Serve on Nominating Committee
	14	Approve Remuneration Policy And		For	For		Mgmt
		Other Terms of Employment For
		Executive Management
	15	Authorize Repurchase of Up to Ten		For	For		Mgmt
		Percent of Issued Share Capital and
		Reissuance of Repurchased Shares
	16	Approve Offer to Shareholders to Buy		For	For		Mgmt
		and Sell Shares without Charge (Odd
		Lot Offer)
	17	Other Business (Non-Voting)		None	None		Mgmt
	18	Close Meeting		None	None		Mgmt
04/04/08 -	Klepierre		F5396X102			04/01/08		814
A/S
		Ordinary Business
	1	Approve Financial Statements and		For			Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For			Mgmt
		Statements and Statutory Reports
	3	Approve Special Auditors' Report		For			Mgmt
		Regarding Related-Party Transactions
	4	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 1.25 per Share
	5	Approve Stock Dividend Program		For			Mgmt
	6	Reelect Alain Papiasse as Supervisory		For			Mgmt
		Board Member
	7	Reelect Jerome Bedier as Supervisory		For			Mgmt
		Board Member
	8	Reelect Francois Demon as		For			Mgmt
		Supervisory Board Member
	9	Approve Remuneration of Directors in		For			Mgmt
		the Aggregate Amount of EUR 270,000
	10	Authorize Repurchase of Up to 10		For			Mgmt
		Percent of Issued Share Capital
		Special Business
	11	Approve Reduction in Share Capital via		For			Mgmt
		Cancellation of Repurchased Shares
	12	Amend Articles of Association Re:		For			Mgmt
		Record Date
	13	Authorize Filing of Required		For			Mgmt
		Documents/Other Formalities
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
Mgmt Rec - Company Management Recommended Vote								Page 20

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		would outweigh the economic value of the vote.
04/08/08 - A	Vastned Retail NV		N91784103			04/03/08		135
		Annual Meeting
	1	Open Meeting and Announcements		None			Mgmt
	2	Discuss Minutes of Previous Meeting		None			Mgmt
	3	Receive Report of Management Board		None			Mgmt
		(Non-Voting)
	4	Approve Financial Statements and		For			Mgmt
		Statutory Reports of Fiscal Year 2007
	5	Receive Information on Existing Offer		None			Mgmt
	6	Receive Explanation on Company's		None			Mgmt
		Reserves and Dividend Policy
	7	Approve Dividends of EUR 3.85 Per		For			Mgmt
		Share
	8a	Approve Discharge of R.A. van		For			Mgmt
		Gerrevink from the Management Board
	8b	Approve Discharge of T.M. de Witte		For			Mgmt
		from the Management Board
	8c	Approve Discharge of J. Pars from the		For			Mgmt
		Management Board
	9a	Approve Discharge of W.J. Kolff from		For			Mgmt
		the Supervisory Board
	9b	Approve Discharge of N.J. Westdijk		For			Mgmt
		from the Supervisory Board
	9c	Approve Discharge of P.M. Verboom		For			Mgmt
		from the Supervisory Board
	9d	Approve Discharge of J.B.J.M. Hunfeld		For			Mgmt
		from the Supervisory Board
	10	Receive Explanation on Remuneration		None			Mgmt
		Report for 2007
	11	Approve Remuneration Report		For			Mgmt
		Containing Remuneration Policy for
		Management Board Members
	12	Reelect P.M. Verboom to Supervisory		For			Mgmt
		Board
	13	Allow Questions		None			Mgmt
	14	Close Meeting		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/09/08 -	Affine		F8827M109			04/04/08		133
A/S
		Ordinary Business
	1	Approve Financial Statements and		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 21

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Discharge Directors
	2	Accept Consolidated Financial		For			Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 1.65 per Share
	4	Propose Payment of Dividend in Cash		For			Mgmt
		or in Shares
	5	Approve Special Auditors' Report		For			Mgmt
		Regarding Related-Party Transactions
	6	Authorize Repurchase of Up to 10		For			Mgmt
		Percent of Issued Share Capital
	7	Ratify Appointement of Philippe		For			Mgmt
		Tannenbaum as Director
	8	Ratify Appointement of Arnaud de		For			Mgmt
		Bresson as Director
	9	Renew Appointement of Bertrand de		For			Mgmt
		Feydeau as Censor
	10	Renew Appointement of Jean-Louis		For			Mgmt
		Charon as Censor
	11	Renew Appointement of Michael		For			Mgmt
		Kasser as Censor
	12	Approve Remuneration of Directors in		For			Mgmt
		the Aggregate Amount of EUR 102,500
		Special Business
	13	Approve Reduction in Share Capital via		For			Mgmt
		Cancellation of Repurchased Shares
	14	Authorize Filing of Required		For			Mgmt
		Documents/Other Formalities
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/09/08 - A	PSP Swiss Property AG		H64687124			None		654
	1	Share Re-registration Consent		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/09/08 - A	PSP Swiss Property AG		H64687124			None		654
	1	Accept Financial Statements and		For			Mgmt
		Statutory Reports
	2	Approve Allocation of Income and		For			Mgmt
		Omission of Dividends
	3	Approve Discharge of Board and		For			Mgmt
		Senior Management
	4	Approve CHF 112.6 Million Reduction		For			Mgmt
		in Share Capital; Approve Capital
Mgmt Rec - Company Management Recommended Vote								Page 22

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Repayment of CHF 2.40 per Share
	5	Authorize Share Repurchase Program		For			Mgmt
		and Cancellation of Repurchased
		Shares
	6	Ratify PricewaterhouseCoopers AG as		For			Mgmt
		Auditors
		Not voted due to shareblocking restriction.			The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/09/08 - A	Swiss Prime Site AG		H8403W107			None		229
	1	Share Re-registration Consent		For			Mgmt
		Not voted due to shareblocking restriction.			The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/09/08 - A	Swiss Prime Site AG		H8403W107			None		229
	1	Accept Financial Statements and		For			Mgmt
		Statutory Reports
	2	Approve Discharge of Board and		For			Mgmt
		Senior Management
	3	Approve Allocation of Income and		For			Mgmt
		Omission of Dividends
	4.1	Reelect Hans Peter Wehrli and		For			Mgmt
		Thomas Wetzel as Directors
	4.2	Ratify KPMG Klynveld Goerdeler Peat		For			Mgmt
		Marwick Goerdeler SA as Auditors
	5	Approve Creation of CHF 204.8 Million		For			Mgmt
		Pool of Capital without Preemptive
		Rights
	6	Approve CHF 87.2 Million Reduction in		For			Mgmt
		Share Capital; Approve Capital
		Repayment of CHF 3.40 per Share
		Not voted due to shareblocking restriction.			The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/16/08 -	Icade		F30198109			04/11/08		194
A/S
		Ordinary Business
	1	Approve Financial Statements and		For			Mgmt
		Statutory Reports
	2	Approve Special Auditors' Report		For			Mgmt
		Regarding Related-Party Transactions
	3	Approve Transaction with Serge		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 23

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Grzybowski
	4	Approve Discharge of Directors		For			Mgmt
	5	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 3.25 per Share
	6	Accept Consolidated Financial		For			Mgmt
		Statements and Statutory Reports
	7	Reelect Christian Bouvier as Director		For			Mgmt
	8	Reelect Thierry Gaubert as Director		For			Mgmt
	9	Reelect Dominique Marcel as Director		For			Mgmt
	10	Approve Remuneration of Directors in		For			Mgmt
		the Aggregate Amount of EUR 300,000
		Special Business
	11	Amend Terms of Bonds Redeemable		For			Mgmt
		in Shares (ORA)
	12	Amend Terms of Bonds Redeemable		For			Mgmt
		in Shares (ORA)
	13	Amend Terms of Bonds Redeemable		For			Mgmt
		in Shares (ORA)
	14	Amend Terms of Bonds Redeemable		For			Mgmt
		in Shares (ORA)
	15	Amend Terms of Bonds Redeemable		For			Mgmt
		in Shares (ORA)
	16	Amend Terms of Bonds Redeemable		For			Mgmt
		in Shares (ORA)
	17	Amend Terms of Bonds Redeemable		For			Mgmt
		in Shares (ORA)
	18	Amend Terms of Bonds Redeemable		For			Mgmt
		in Shares (ORA)
	19	Authorize Filing of Required		For			Mgmt
		Documents and Other Formalities
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/17/08 - A	Kungsleden AB		W53033101			04/11/08		2,709
	1	Open Meeting		None	None		Mgmt
	2	Elect Bengt Kjell as Chairman of		For	For		Mgmt
		Meeting
	3	Prepare and Approve List of		For	For		Mgmt
		Shareholders
	4	Approve Agenda of Meeting		For	For		Mgmt
	5	Designate Inspector(s)of Minutes of		For	For		Mgmt
		Meeting
	6	Acknowledge Proper Convening of		For	For		Mgmt
		Meeting
	7	Receive Board and Committee Reports		None	None		Mgmt
	8	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports; Receive President's
Mgmt Rec - Company Management Recommended Vote								Page 24

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Report
	9a	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	9b	Approve Allocation of Income and		For	For		Mgmt
		Dividends of SEK 8 per Share
	9c	Approve Discharge of Board and		For	For		Mgmt
		President
	10	Receive Report of Nominating		None	None		Mgmt
		Committee
	11	Determine Number of Members (8) and		For	For		Mgmt
		Deputy Members of Board
	12	Approve Remuneration of Directors in		For	For		Mgmt
		the Amount of SEK 475,000 for
		Chairman and SEK 220,000 for
		Ordinary Board Members; Approve
		Remuneration for Committee Work;
		Approve Remuneration of Auditors
	13	Reelect Jens Engwall, Thomas Erseus,		For	For		Mgmt
		Bengt Kjell (Chair), Jan Nygren, Jonas
		Nyren, Per-Anders Ovin, and Anna
		Jiffer as Directors; Elect Magnus Meyer
		as New Director
	14	Elect Olle Floren, KG Lindvall, and		For	For		Mgmt
		Gunnar Balsvik as Members of
		Nominating Committee
	15	Approve Remuneration Policy And		For	For		Mgmt
		Other Terms of Employment For
		Executive Management
	16a	Approve Stock Option Plan for Key		For	For		Mgmt
		Employees
	16b	Authorize Repurchase of Up to		For	For		Mgmt
		400,000 Treasury Shares for Stock
		Option Plan
	16c	Approve Reissuance of 400,000		For	For		Mgmt
		Treasury Shares for Stock Option Plan
	17	Close Meeting		None	None		Mgmt
04/18/08 - A	Liberty International plc		G8995Y108			None		3,996
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 17.6 Pence		For	For		Mgmt
		Per Ordinary Share
	3	Re-elect Sir Robert Finch as Director		For	For		Mgmt
	4	Re-elect Kay Chaldecott as Director		For	For		Mgmt
	5	Re-elect Ian Henderson as Director		For	For		Mgmt
	6	Re-elect Rob Rowley as Director		For	For		Mgmt
	7	Re-elect Robin Buchanan as Director		For	For		Mgmt
	8	Re-elect Graeme Gordon as Director		For	For		Mgmt
	9	Re-elect Michael Rapp as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 25

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		LLP as Auditors and Authorise the
		Audit Committee to Fix Their
		Remuneration
	11	Approve Remuneration Report		For	For		Mgmt
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 45,259,084
	13	Subject to the Passing of Resolution		For	For		Mgmt
		12, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 9,069,316.50
	14	Authorise 36,207,267 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	15	Amend Liberty International plc		For	For		Mgmt
		Executive Share Option Scheme 1999
	16	Amend Liberty International plc		For	For		Mgmt
		Incentive Share Option Scheme 1999
	17	Amend Articles of Association Re:		For	For		Mgmt
		Directors' Indemnities and Loans to
		Fund Expenditure
	18	Amend Articles of Association, With		For	For		Mgmt
		Effect from 00.01am on 1 October
		2008, Re: Directors' Conflicts of
		Interest
04/22/08 -	Beni Stabili		T19807139			None		6,765
A/S
		Ordinary Business
	1	Approve Financial Statements,		For			Mgmt
		Statutory Reports, and Allocation of
		Income for the Fiscal Year 2007
	2	Approve Integration to the Mandate of		For			Mgmt
		External Auditors
		PricewaterhouseCoopers
	3	Elect External Auditors and Authorize		For			Mgmt
		Board to Fix Their Remuneration for
		the Term 2008-2016
	4	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance of Repurchased
		Shares
	5	Approve Incentive Plan for the CEO		For			Mgmt
		and Employees of the Company and its
		Subsidiaries
		Special Business
	1	Amend Articles 14, 16, 17, and 20 of		For			Mgmt
		the Company Bylaws
	2	Approve Creation of EUR 2.135 Million		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 26

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Pool of Capital Through the Issuance
		of up to 21.35 Million Ordinary Shares
		without Preemptive Rights Reserved to
		Incentive Plans for the CEO and
		Employees
	3	Adopt New Articles of Association		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/22/08 - S	Kerry Properties Ltd		G52440107			04/18/08		12,300
	1	Approve Acquisition by Kerry		For	For		Mgmt
		Properties (China) Ltd. (KCPL) and
		Shangri-La China Ltd. (SACL) of the
		Project Site and the Establishment of
		Kerry Real Estate (Nanchang) Co., Ltd.
		by KPCL and SACL
04/23/08 - A	Wihlborgs Fastigheter AB		W9899S108			04/17/08		1,140
	(formerly WIHLBORGS SYD
	AB)
	1	Open Meeting		None	None		Mgmt
	2	Elect Chairman of Meeting		For	For		Mgmt
	3	Prepare and Approve List of		For	For		Mgmt
		Shareholders
	4	Designate Inspector(s) of Minutes of		For	For		Mgmt
		Meeting
	5	Approve Agenda of Meeting		For	For		Mgmt
	6	Acknowledge Proper Convening of		For	For		Mgmt
		Meeting
	7	Receive President's Report		None	None		Mgmt
	8	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports
	9a	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	9b	Approve Allocation of Income and		For	For		Mgmt
		Dividends of SEK 6.25 per Share
	9c	Approve Discharge of Board and		For	For		Mgmt
		President
	9d	Determine Record Date for Dividends		For	For		Mgmt
	10	Determine Number of Members (7) and		For	For		Mgmt
		Deputy Members (0) of Board;
		Determine Number of Auditors
	11	Approve Remuneration of Directors in		For	Against		Mgmt
		the Aggregate Amount of SEK
		820,000; Approve Remuneration of
		Auditors
Mgmt Rec - Company Management Recommended Vote								Page 27

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	12	Reelect Kerstin Fredriksson, Anders		For	For		Mgmt
		Jarl, Sara Karlsson, Helen Olausson,
		Erik Paulsson (Chair), Tommy
		Qvarfort, and Johan Qviberg as
		Directors
	13	Ratify Deloitte as Auditors		For	For		Mgmt
	14	Approve Principles for Election of		For	For		Mgmt
		Members of Nominating Committee
	15	Approve Remuneration Policy And		For	For		Mgmt
		Other Terms of Employment For
		Executive Management
	16	Authorize Repurchase of Up to Ten		For	For		Mgmt
		Percent of Issued Share Capital and
		Reissuance of Repurchased Shares
	17	Approve Creation of Pool of Capital		For	For		Mgmt
		without Preemptive Rights
		Corresponding to 10 Percent of Issued
		Share Capital
	18	Other Business (Non-Voting)		None	None		Mgmt
	19	Close Meeting		None	None		Mgmt
04/24/08 - A	Brixton plc		G15932109			None		5,251
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Reappoint Ernst & Young LLP as		For	For		Mgmt
		Auditors and Authorise the Board to
		Determine Their Remuneration
	4	Approve Final Dividend of 8.8 Pence		For	For		Mgmt
		Per Ordinary Share
	5	Re-elect Steven Owen as Director		For	For		Mgmt
	6	Elect Peter Dawson as Director		For	For		Mgmt
	7	Elect Steven Lee as Director		For	For		Mgmt
	8	Elect Mark Moran as Director		For	For		Mgmt
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 12,232,591
	10	Subject to the Passing of Resolution 9,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 3,383,370
	11	Authorise 27,066,963 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	12	Adopt New Articles of Association		For	For		Mgmt
04/24/08 - A	City Developments Ltd.		V23130111			None		4,656
	1	Adopt Financial Statements and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 28

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Directors' and Auditors' Reports
	2	Declare Final Dividend of SGD 0.075		For	For		Mgmt
		Per Share and Special Final Dividend
		of SGD 0.125 Per Share
	3a	Approve Directors' Fees of SGD		For	For		Mgmt
		308,000 for the Year Ended Dec. 31,
		2007 and Audit Committee Fees of
		SGD 47,500 Per Quarter for the Period
		from July 1, 2008 to June 30, 2009
	3b	Approve Additional Directors' Fees of		For	For		Mgmt
		SGD 50,000 for the Year Ended Dec.
		31, 2007
	4a	Reelect Chow Chiok Hock as Director		For	For		Mgmt
	4b	Reelect Han Vo-Ta as Director		For	For		Mgmt
	5a	Reelect Chee Keng Soon as Director		For	For		Mgmt
	5b	Reelect Tang See Chim as Director		For	For		Mgmt
	6	Reappoint KPMG as Auditors and		For	For		Mgmt
		Authorize Board to Fix Their
		Remuneration
	7	Approve Issuance of Shares without		For	For		Mgmt
		Preemptive Rights
	8	Authorize Share Repurchase Program		For	For		Mgmt
	9	Approve Issuance of Shares and Grant		For	Against		Mgmt
		of Options Pursuant to the City
		Developments Share Option Scheme
		2001
	10	Approve Mandate for Transactions with		For	For		Mgmt
		Related Parties
04/24/08 - A	Diamondrock Hospitality		252784301			03/24/08		1,446
	Company *DRH*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/25/08 - A	COFINIMMO		B25654136			None		95
		Annual Meeting
	1	Receive Directors' Reports (Non-		None			Mgmt
		Voting)
	2	Receive Auditors' Reports (Non-		None			Mgmt
		Voting)
	3	Approve Financial Statements and		For			Mgmt
		Allocation of Income
	4	Receive Consolidated Financial		None			Mgmt
		Statements
	5	Approve Discharge of Directors		For			Mgmt
	6	Approve Discharge of Auditors		For			Mgmt
	7	Receive Directors' and Auditors'		None			Mgmt
		Reports of La Rasante Tennis Club
Mgmt Rec - Company Management Recommended Vote								Page 29

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		(Non-Voting)
	8	Accept Financial Statements of La		For			Mgmt
		Rasante Tennis Club
	9	Approve Discharge of Directors of La		For			Mgmt
		Rasante Tennis Club
	10	Approve Discharge of Auditors of La		For			Mgmt
		Rasante Tennis Club
	11	Elect Robert Franssen, Andre Dickx,		For			Mgmt
		Serge Fautre, Jean-Edouard
		Carbonelle, and Jean Franken as
		Directors (Bundled)
	12	Ratify Auditors and Approve Their		For			Mgmt
		Remuneration
	13	Transact Other Business		None			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
04/25/08 - A	Saul Centers, Inc. *BFS*		804395101			03/07/08		780
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Other Business		For	Against		Mgmt
04/29/08 - A	Capitaland Limited		Y10923103			None		26,909
	1	Adopt Financial Statements and		For	For		Mgmt
		Directors' and Auditors' Reports
	2	Declare First and Final Dividend of		For	For		Mgmt
		SGD 0.08 Per Share and Special
		Dividend of SGD 0.07 Per Share
	3	Approve Directors' Fees of SGD 1.3		For	For		Mgmt
		Million for the Year Ended Dec. 31,
		2007 (2006: SGD 1.1 Million)
	4a	Reelect Hu Tsu Tau as Director		For	For		Mgmt
	4b	Reelect Hsuan Owyang as Director		For	For		Mgmt
	4c	Reelect Lim Chin Beng as Director		For	For		Mgmt
	4d	Reelect Richard Edward Hale as		For	For		Mgmt
		Director
	5a	Reelect Jackson Peter Tai as Director		For	For		Mgmt
	5b	Reelect Victor Fung Kwok King as		For	For		Mgmt
		Director
	6	Reappoint KPMG as Auditors and		For	For		Mgmt
		Authorize Board to Fix Their
		Remuneration
	7	Other Business (Voting)		For	Against		Mgmt
	8a	Approve Issuance of Shares without		For	For		Mgmt
		Preemptive Rights
	8b	Approve Issuance of Shares and Grant		For	Against		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 30

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

of Options and Awards Pursuant to the
CapitaLand Share Option Plan,
CapitaLand Performance Share Plan
and/or CapitaLand Restricted Stock
Plan

04/29/08 - S	Capitaland Limited		Y10923103			None		26,909
	1	Authorize Share Repurchase Program		For	For		Mgmt
	2	Amend Articles of Association		For	For		Mgmt
04/29/08 - A	Corio NV		N2273C104			04/22/08		873
		Annual Meeting
	1	Open Meeting		None			Mgmt
	2	Receive Report of Management Board		None			Mgmt
		(Non-Voting)
	3	Approve Financial Statements and		For			Mgmt
		Statutory Reports for the Fiscal Year
		2007
	4	Approve Dividends of EUR 2.60 Per		For			Mgmt
		Share
	5	Approve Discharge of Management		For			Mgmt
		Board
	6	Approve Discharge of Supervisory		For			Mgmt
		Board
	7	Notification of the appointment of		None			Mgmt
		G.H.W. Groener, and F.Y.M.M.
		Fontaine as Management Board
		Members (Non-voting)
	8a	Announce Vacancies on Supervisory		None			Mgmt
		Board after Resignation of Van der
		Meer, Vos, and Borgdorff
	8b	Announce Intention of the Supervisory		None			Mgmt
		Board to Reelect Van der Meer, Vos
		and Borgdorff
	8c	Opportunity to Make		For			Mgmt
		Recommendations
	8d	Reelect R.A.H. Van der Meer to		For			Mgmt
		Supervisory Board
	8e	Reelect B. Vos to Supervisory Board		For			Mgmt
	8f	Reelect W. Borgdorff to Supervisory		For			Mgmt
		Board
	9	Ratify KPMG Accountants N.V. as		For			Mgmt
		Auditors for the Fiscal Year 2008
	10	Approve Remuneration Report		For			Mgmt
		Containing Remuneration Policy for
		Management Board Members
	11	Other Business (Non-Voting)		None			Mgmt
	12	Close Meeting		None			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 31

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568 Sub-Advisor: Principal Global Investors

Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted

Not voted due to shareblocking restriction. The
potential impact on trading/loan share activities
would outweigh the economic value of the vote.

04/29/08 -	Unibail Rodamco		F95094110		04/24/08		900
A/S
		Ordinary Business
	1	Approve Financial Statements and		For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For		Mgmt
		Dividends of EUR 7 per Share
	4	Approve Special Auditors' Report		For		Mgmt
		Regarding Related-Party Transactions
	5	Reelect Yves Lyon Caen as		For		Mgmt
		Supervisory Board Member
	6	Reelect Henri Moulard as Supervisory		For		Mgmt
		Board Member
	7	Reelect Bart Okkens as Supervisory		For		Mgmt
		Board Member
	8	Reelect Robert ter Haar as Supervisory		For		Mgmt
		Board Member
	9	Elect Alec Pelmore as Supervisory		For		Mgmt
		Board Member
	10	Elect Mary Harris as Supervisory		For		Mgmt
		Board Member
	11	Ratify Change of Registered Office's		For		Mgmt
		Location to 7, place du Chancelier
		Adenauer, 75016 Paris
	12	Authorize Repurchase of Up to Ten		For		Mgmt
		Percent of Issued Share Capital
		Special Business
	13	Approve Reduction in Share Capital via		For		Mgmt
		Cancellation of Repurchased Shares
	14	Approve Employee Stock Purchase		For		Mgmt
		Plan
	15	Amend Articles 9, 9 Bis, 13, 18, and 21		For		Mgmt
		of Bylaws Re: Shareholding Disclosure
		Thresholds, Shareholders'
		Identification, Supervisory Board
		Members, Allocation of Income
	16	Authorize Filing of Required		For		Mgmt
		Documents/Other Formalities
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
Mgmt Rec - Company Management Recommended Vote							Page 32

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/30/08 - A	Starwood Hotels & Resorts		85590A401			03/03/08		570
	Worldwide, Inc. *HOT*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/01/08 - A	GPT Group (formerly General		Q4252X106			04/29/08		32,479
	Property Trust) *GPT*
	1	Elect Kenneth Moss as Director		For	For		Mgmt
	2	Elect Elizabeth Nosworthy as Director		For	For		Mgmt
	3	Approve Remuneration Report for the		For	For		Mgmt
		Year Ended Dec. 31, 2007
	4	Approve GPT Group Deferred Stapled		For	For		Mgmt
		Security Plan
	5	Approve GPT Group Non-Executive		For	For		Mgmt
		Director Stapled Security Plan
05/01/08 - A	Hammerson plc		G4273Q107			None		3,563
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 15.30 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect John Clare as Director		For	For		Mgmt
	5	Re-elect John Richards as Director		For	For		Mgmt
	6	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors of the Company
	7	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 22,464,903
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 3,632,380
	10	Authorise 43,081,918 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	11	Amend Hammerson plc Savings-		For	For		Mgmt
		Related Share Option Scheme
05/01/08 - A	Health Care REIT, Inc. *HCN*		42217K106			03/07/08		1,440
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt

Mgmt Rec - Company Management Recommended Vote

Page 33

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/02/08 - A	Nationwide Health Properties,		638620104			02/29/08		1,727
	Inc. *NHP*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/05/08 - A	Digital Realty Trust Inc. *DLR*		253868103			03/06/08		1,300
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/05/08 - A	PS Business Parks, Inc.		69360J107			03/14/08		740
	*PSB*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/06/08 - A	Essex Property Trust, Inc.		297178105			02/28/08		790
	*ESS*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/06/08 - A	Kerry Properties Ltd		G52440107			04/30/08		12,300
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend		For	For		Mgmt
	3a	Reelect Wong Siu Kong as Director		For	For		Mgmt
	3b	Reelect Ho Shut Kan as Director		For	For		Mgmt
	3c	Reelect So Hing Woh, Victor as		For	Against		Mgmt
		Director
	4	Approve Remuneration of Directors		For	For		Mgmt
	5	Reappoint PricewaterhouseCoopers as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
	6a	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	6b	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	6c	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
05/06/08 -	Mercialys		F61573105			04/30/08		300
A/S
		Ordinary Business
	1	Approve Financial Statements and		For			Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For			Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 34

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 0.81 per Share
	4	Approve Special Auditors' Report		For			Mgmt
		Regarding Related-Party Transactions
	5	Reelect Bernard Bouloc as Director		For			Mgmt
	6	Reelect Jacques Dumas as Director		For			Mgmt
	7	Reelect Jacques Ehrmann as Director		For			Mgmt
	8	Reelect Pierre Feraud as Director		For			Mgmt
	9	Reelect Gerard Koenigkheit as Director		For			Mgmt
	10	Reelect Philippe Moati as Director		For			Mgmt
	11	Reelect Eric Sasson as Director		For			Mgmt
	12	Reelect Catherine Soubie as Director		For			Mgmt
	13	Reelect Pierre Vaquier as Director		For			Mgmt
	14	Reelect Casino Guichard-Perrachon as		For			Mgmt
		Director
	15	Reelect L'Immobiliere Groupe Casino		For			Mgmt
		as Director
	16	Authorize Repurchase of Up to 10		For			Mgmt
		Percent of Issued Share Capital
		Special Business
	17	Approve Stock Option Plans Grants		For			Mgmt
		(Repurchased Shares)
	18	Approve Stock Option Plans Grants		For			Mgmt
		(Newly Issued Shares)
	19	Authorize up to 1 Percent of Issued		For			Mgmt
		Capital for Use in Restricted Stock
		Plan
	20	Approve Reduction in Share Capital via		For			Mgmt
		Cancellation of Repurchased Shares
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/07/08 - A	Entertainment Properties		29380T105			02/15/08		1,230
	Trust *EPR*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/07/08 - A	Federal Realty Investment		313747206			03/19/08		1,090
	Trust *FRT*
	1	Elect Trustee Warren M. Thompson		For	For		Mgmt
	2	Elect Trustee Donald C. Wood		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Declassify the Board of Trustees		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 35

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
05/07/08 - A	Hongkong Land Holdings Ltd.	G4587L109			None		16,592

	1	Adopt Financial Statements and		For			Mgmt
		Directors' and Auditors' Reports and
		Declare a Final Dividend
	2	Reelect Charles Allen-Jones as		For			Mgmt
		Director
	3	Reelect Jenkin Hui as Director		For			Mgmt
	4	Reelect Henry Keswick as Director		For			Mgmt
	5	Approve Directors' Fees		For			Mgmt
	6	Reappoint Auditors and Authorize		For			Mgmt
		Board to Fix Their Remuneration
	7	Approve Issuance of Equity or Equity-		For			Mgmt
		Linked Securities with Preemptive
		Rights up to Nominal Amount of $76.5
		Million and without Preemptive Rights
		up to Nominal Amount of $11.4 Million
	8	Authorize Share Repurchase Program		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/07/08 - A	Sunstone Hotel Investors,		867892101			03/25/08		800
	Inc. *SHO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
05/08/08 - A	AMB Property Corp. *AMB*		00163T109			03/06/08		1,410
	1	Elect Director T. Robert Burke		For	For		Mgmt
	2	Elect Director David A. Cole		For	For		Mgmt
	3	Elect Director Lydia H. Kennard		For	For		Mgmt
	4	Elect Director J. Michael Losh		For	For		Mgmt
	5	Elect Director Hamid R. Moghadam		For	For		Mgmt
	6	Elect Director Frederick W. Reid		For	For		Mgmt
	7	Elect Director Jeffrey L. Skelton		For	For		Mgmt
	8	Elect Director Thomas W. Tusher		For	For		Mgmt
	9	Elect Director Carl B. Webb		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
05/08/08 - A	Equity Lifestyle Properties		29472R108			03/07/08		920
	Inc *ELS*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 36

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/08/08 - A	Extendicare Real Estate		302251103			03/14/08		2,740
	Investment Trust *EXE.U*
		Agenda for Trust and Special Voting
		Unitholders
	1	Elect Directors		For	For		Mgmt
	2	Ratify KPMG LLP as Auditors		For	For		Mgmt
05/08/08 - A	Public Storage *PSA*		74460D109			03/10/08		1,590
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/08/08 - A	Simon Property Group, Inc.		828806109			03/07/08		2,540
	*SPG*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Pay For Superior Performance		Against	For		ShrHoldr
05/09/08 - A	AEON MALL CO. LTD. *8905*		J10005106			02/20/08		1,952
	1	Elect Directors		For	For		Mgmt
	2	Appoint Internal Statutory Auditor		For	For		Mgmt
05/09/08 - A	ProLogis *PLD*		743410102			03/13/08		2,730
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Stephen L. Feinberg ---
		For
	1.2	Elect Director George L. Fotiades ---
		For
	1.3	Elect Director Christine N. Garvey ---
		For
	1.4	Elect Director Lawrence V. Jackson ---
		For
	1.5	Elect Director Donald P. Jacobs --- For
	1.6	Elect Director Jeffrey H. Schwartz ---
		For
	1.7	Elect Director D. Michael Steuert ---
		For
	1.8	Elect Director J. Andre Teixeira --- For
	1.9	Elect Director William D. Zollars ---
		Withhold
	1.10	Elect Director Andrea M. Zulberti ---
		For
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 37

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/12/08 - A	Boston Properties Inc. *BXP*		101121101			03/20/08		1,490
	1	Elect Directors		For	Withhold		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		Against	For		ShrHoldr
05/13/08 - A	CA IMMOBILIEN ANLAGEN		A1144Q155			None		1,110
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports
	2	Approve Allocation of Income		For			Mgmt
	3	Approve Discharge of Management		For			Mgmt
		and Supervisory Board
	4	Approve Remuneration of Supervisory		For			Mgmt
		Board Members
	5	Ratify Auditors		For			Mgmt
	6	Amend 2007 AGM Resolution to Issue		For			Mgmt
		Convertible Bonds and/or Bonds with
		Warrants Attached up to Aggregate
		Nominal Amount of EUR 317.2 Million;
		Allow Exclusion of Preemptive Rights
	7	Amend Articles Re: Allow Bearer of		For			Mgmt
		Convertible Bonds to Issue or to
		Convert Bonds into Ordinary Bearer
		Shares
	8	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	9	Amend Articles Re: Company		For			Mgmt
		Representation; Publications of
		Financial Statements and Statutory
		Reports; Allocation of Income
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/13/08 - A	Kimco Realty Corp. *KIM*		49446R109			03/17/08		3,110
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
05/13/08 -	Northern Property Real Estate		665624102			03/24/08		1,750
A/S	Investment Trust *NPR.U*
		Meeting for Unitholders and Special
		Voting Unitholders
	1	Elect Douglas H. Mitchell, B. James		For	For		Mgmt
		Britton, John C. Charles, Kenn Harper,
		Dennis J. Hoffman, Kabir Jivraj, Dennis
Mgmt Rec - Company Management Recommended Vote								Page 38

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Patterson and C. Donald Wilson as
		Trustees
	2	Approve Deloitte & Touche LLP as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
	3	Amend Long Term Incentive Plan		For	For		Mgmt
05/14/08 - A	DIC ASSET AG		D2837E100			04/23/08		384
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 1.65 per Share
	3	Approve Discharge of Management		For			Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For			Mgmt
		Board for Fiscal 2007
	5	Ratify Roedl & Partner GmbH as		For			Mgmt
		Auditors for Fiscal 2008
	6	Reelect Hellmar Hedder to the		For			Mgmt
		Supervisory Board
	7	Authorize Share Repurchase Program		For			Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Approve Issuance of Warrants/Bonds		For			Mgmt
		with Warrants Attached/Convertible
		Bonds with Partial Exclusion of
		Preemptive Rights up to Aggregate
		Nominal Amount of EUR 250 Million;
		Approve Creation of EUR 7.8 Million
		Pool of Capital to Guarantee
		Conversion Rights
	9	Approve Issuance of Warrants/Bonds		For			Mgmt
		with Warrants Attached/Convertible
		Bonds with Partial Exclusion of
		Preemptive Rights up to Aggregate
		Nominal Amount of EUR 250 Million;
		Approve Creation of EUR 7.8 Million
		Pool of Capital to Guarantee
		Conversion Rights
	10	Amend Articles Re: Interim Dividends		For			Mgmt
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/14/08 - A	General Growth Properties,		370021107			03/17/08		1,400
	Inc. *GGP*
	1	Elect Directors		For	Withhold		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 39

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		Against	For		ShrHoldr
05/14/08 - A	Host Hotels & Resorts, Inc.		44107P104			03/27/08		2,470
	*HST*
	1	Elect Director Roberts M. Baylis		For	For		Mgmt
	2	Elect Director Terence C. Golden		For	Against		Mgmt
	3	Elect Director Ann M. Korologos		For	For		Mgmt
	4	Elect Director Richard E. Marriott		For	For		Mgmt
	5	Elect Director Judith A. McHale		For	For		Mgmt
	6	Elect Director John B. Morse Jr		For	For		Mgmt
	7	Elect Director W. Edward Walter		For	For		Mgmt
	8	Ratify Auditors		For	For		Mgmt
05/15/08 - A	Vornado Realty Trust *VNO*		929042109			03/14/08		1,670
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Trustees
05/15/08 - A	Washington Real Estate		939653101			03/17/08		1,450
	Investment Trust *WRE*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/16/08 -	Fonciere des regions		F42399109			05/13/08		272
A/S
		Ordinary Business
	1	Approve Financial Statements and		For			Mgmt
		Discharge Management Board
	2	Accept Consolidated Financial		For			Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For			Mgmt
		Dividends of EUR 5.30 per Share
	4	Approve Special Auditors' Report		For			Mgmt
		Regarding Related-Party Transactions
	5	Authorize Repurchase of Up to 10		For			Mgmt
		Percent of Issued Share Capital
	6	Ratify Appointment of Batipart		For			Mgmt
		Immobilier as Supervisory Board
		Member
	7	Elect Leonardo Del Vecchio as		For			Mgmt
		Supervisory Board Member
	8	Elect Sergio Erede as Supervisory		For			Mgmt
		Board Member
		Special Business
Mgmt Rec - Company Management Recommended Vote								Page 40

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	9	Authorize Issuance of Equity or Equity-		For			Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 5 Million
	10	Authorize Board to Increase Capital in		For			Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	11	Approve Stock Option Plans Grants		For			Mgmt
	12	Approve Employee Stock Purchase		For			Mgmt
		Plan
	13	Authorize up to 0.5 Percent of Issued		For			Mgmt
		Capital for Use in Restricted Stock
		Plan
	14	Approve Reduction in Share Capital via		For			Mgmt
		Cancellation of Repurchased Shares
	15	Authorize Filing of Required		For			Mgmt
		Documents/Other Formalities
		Not voted due to shareblocking restriction. The
		potential impact on trading/loan share activities
		would outweigh the economic value of the vote.
05/19/08 - A	Ventas, Inc. *VTR*		92276F100			03/24/08		410
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Eliminate the Board's Ability to grant		For	For		Mgmt
		Waivers
05/20/08 - A	Mid-America Apartment		59522J103			03/12/08		626
	Communities, Inc. *MAA*
	1	Declassify the Board of Directors		For	For		Mgmt
	2	Elect Directors		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
05/20/08 - A	SEGRO plc		G80277117			None		2,117
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 14.7 Pence		For	For		Mgmt
		Per Ordinary Share
	3	Approve Remuneration Report		For	For		Mgmt
	4	Re-elect Lord Blackwell as Director		For	For		Mgmt
	5	Re-elect Ian Coull as Director		For	For		Mgmt
	6	Re-elect David Sleath as Director		For	For		Mgmt
	7	Re-elect Thom Wernink as Director		For	For		Mgmt
	8	Appoint Deloitte and Touche LLP as		For	For		Mgmt
		Auditors of the Company
Mgmt Rec - Company Management Recommended Vote								Page 41

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	9	Authorise Board to Fix Remuneration		For	For		Mgmt
		of Auditors
	10	Authorise the Company to Make EU		For	For		Mgmt
		Political Donations to Political Parties
		or Independent Election Candidates, to
		Make EU Political Donations to Political
		Organisations Other than Political
		Parties and Incur EU Political
		Expenditure up to GBP 40,000
	11	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 28,444,573.35
	12	Subject to the Passing of Resolution		For	For		Mgmt
		11, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 5,907,771.32
	13	Authorise up to GBP 11,815,542.64 for		For	For		Mgmt
		Market Purchase
	14	Amend Articles of Association		For	For		Mgmt
	15	Approve SEGRO plc 2008 Long Term		For	For		Mgmt
		Incentive Plan
05/21/08 - A	AvalonBay Communities, Inc.		053484101			03/07/08		877
	*AVB*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/22/08 - A	Alexandria Real Estate		015271109			03/31/08		617
	Equities, Inc. *ARE*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
05/22/08 -	Chartwell Seniors Housing		16140U100			04/16/08		4,090
A/S	REIT
	1	Elect Lise Bastarache, Charles R.		For	For		Mgmt
		Moses and Sidney P.H. Robinson as
		Trustees of Chartwell
	2	Elect Andre Kuzmicki, Mike Harris and		For	For		Mgmt
		Thomas Schwartz as Trustees of CSH
		Trust
	3	Elect Lise Bastarache, W. Brent		For	For		Mgmt
		Binions, Mike Harris, Andre R.
		Kuzmicki, Charles R. Moses, Sidney
		P.H. Robinson, Thomas Schwartz and
Mgmt Rec - Company Management Recommended Vote								Page 42

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Stephen A. Suske as Directors of
		Chartwell Master Care Corporation
	4	Approve KPMG LLP as Auditors and		For	For		Mgmt
		Authorize Trustes to Fix Their
		Remuneration
	5	Amend Declaration of Trust Re:		For	For		Mgmt
		Development
	6	Amend Declaration of Trust Re:		For	For		Mgmt
		Distributions
05/22/08 - A	First Capital Realty Inc. *FCR*		31943B100			04/04/08		1,000
	1	Elect Chaim Katzman, Dori J. Segal,		For	For		Mgmt
		Jon N. Hagan, Nathan Hetz, Susan J.
		McArthur, Bernard McDonell, Steven
		K. Ranson, Moshe Ronen and Gary M.
		Samuel as Directors
	2	Approve Deloitte & Touche LLP as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
05/22/08 - A	Omega Healthcare Investors,		681936100			04/14/08		1,053
	Inc. *OHI*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
05/22/08 - A	Prologis European Properties		L7762X107			None		1,682
		Annual Meeting
	1	Accept Financial Statements for the		For			Mgmt
		Fiscal Year Ended Dec. 31, 2007
	2	Appoint Ernst & Young as Independent		For			Mgmt
		Auditor for One-Year Term
	3	Reelect Silvia Toth as Director		For			Mgmt
	4	Reelect Geoffrey Bell as Director		For			Mgmt
		Do not vote in shareblocking markets.
05/23/08 - A	Westfield Group *WDC*		Q97062105			05/21/08		11,994
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for the Year Ended
		Dec. 31, 2007
	2	Approve Remuneration Report for the		For	For		Mgmt
		Year Ended Dec. 31, 2007
	3	Elect Frank P. Lowy AC as Director		For	For		Mgmt
	4	Elect David H. Lowy AM as Director		For	For		Mgmt
	5	Elect David M. Gonski AC as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 43

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6	Elect Judith Sloan as Director		For	For		Mgmt
	7	Elect John McFarlane as Director		For	For		Mgmt
	8	Approve Increase in Remuneration of		For	For		Mgmt
		Directors by A$700,000 from A$1.8
		Million to A$2.5 Million per Annum
05/26/08 - S	Servcorp Ltd.		Q8461P101			05/24/08		18,417
	1	Approve Amended Executive Stock		For	For		Mgmt
		Option Scheme
	2	Approve Issuance of 50,000 Options to		For	Against		Mgmt
		Taine Moufarrige
	3	Approve Issuance of 50,000 Options		For	Against		Mgmt
		for Nil Cash Consideration to Marcus
		Moufarrige
05/27/08 - A	Conwert Immobilien Invest		A1359Y109			None		1,114
	SE
	1	Receive Financial Statements and		None			Mgmt
		Statutory Reports (Non-Voting)
	2	Approve Allocation of Income		For			Mgmt
	3	Approve Discharge of Supervisory		For			Mgmt
		Board
	4	Approve Discharge of Management		For			Mgmt
		Board
	5	Ratify Auditors		For			Mgmt
	6	Elect Supervisory Board Members		For			Mgmt
		(Bundled)
	7	Approve Issuance of Convertible		For			Mgmt
		Bonds and/or Bonds with Warrants
		Attached up to Aggregate Nominal
		Amount of EUR 128 Million without
		Preemptive Rights
	8	Approve Creation of EUR 128 Million		For			Mgmt
		Pool of Capital without Preemptive
		Rights to Guarantee Conversion Rights
	9	Amend Articles Re: Broadcasting of the		For			Mgmt
		Annual General Meeting
		Do not vote in shareblocking markets.
05/27/08 - A	Equity One, Inc. *EQY*		294752100			03/31/08		560
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Noam Ben-Ozer --- For
	1.2	Elect Director James S. Cassel --- For
	1.3	Elect Director Cynthia R. Cohen --- For
	1.4	Elect Director Neil Flanzraich --- For
Mgmt Rec - Company Management Recommended Vote								Page 44

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.5	Elect Director Nathan Hetz --- Withhold
	1.6	Elect Director Chaim Katzman ---
		Withhold
	1.7	Elect Director Peter Linneman --- For
	1.8	Elect Director Jeffrey S. Olson --- For
	1.9	Elect Director Dori Segal --- For
	2	Ratify Auditors		For	For		Mgmt
05/27/08 - A	RioCan Real Estate		766910103			03/28/08		3,310
	Investment Trust *REI.U*
	1	Elect Clare R. Copeland, Raymond M.		For	For		Mgmt
		Gelgoot, Paul Godfrey, Frank W. King,
		Dale H. Lastman, Ronald W. Osborne,
		Sharon Sallows and Edward Sonshine
		as Trustees (Bundled)
	2	Approve Ernst & Young LLP as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Remuneration of Auditors
05/29/08 - A	Douglas Emmett, Inc. *DEI*		25960P109			04/03/08		1,830
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/29/08 - A	Taubman Centers, Inc. *TCO*		876664103			04/07/08		1,340
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
	4	Declassify the Board of Directors		Against	For		ShrHoldr
05/30/08 - A	China Resources Land Ltd.		G2108Y105			05/23/08		34,678
	(frmrly. China Resources
	Beijing L
	1	Accept Financial Statements and		For	For		Mgmt
		Directors' and Auditors' Reports
	2	Approve Final Dividend		For	For		Mgmt
	3a	Reelect Song Lin as Director		For	For		Mgmt
	3b	Reelect Jiang Wei as Director		For	Against		Mgmt
	3c	Reelect Liu Yan Jie as Director		For	Against		Mgmt
	3d	Reelect Li Fuzuo as Director		For	For		Mgmt
	3e	Reelect Du Wenmin as Director		For	For		Mgmt
	3f	Reelect Wang Shi as Director		For	Against		Mgmt
	3g	Authorize Board to Fix the		For	For		Mgmt
		Remuneration of Directors
	4	Reappoint Auditors and Authorize		For	For		Mgmt
		Board to Fix Their Remuneration
Mgmt Rec - Company Management Recommended Vote								Page 45

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	6	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	7	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
05/30/08 - A	National Retail Properties,		637417106			04/01/08		2,440
	Inc. *NNN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/02/08 - A	Capital & Regional plc		G18676109			None		1,145
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 17 Pence		For	For		Mgmt
		Per Ordinary Share
	3	Re-elect Xavier Pullen as Director		For	For		Mgmt
	4	Re-elect Kenneth Ford as Director		For	For		Mgmt
	5	Re-elect Alan Coppin as Director		For	For		Mgmt
	6	Elect Hugh Scott-Barrett as Director		For	For		Mgmt
	7	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors and Authorise the Board to
		Determine Their Remuneration
	8	Approve Remuneration Report		For	For		Mgmt
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 2,372,464
	10	Subject to the Passing of Resolution 9,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 355,870
	11	Authorise 10,604,916 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	12	Amend Articles of Association Re:		For	For		Mgmt
		Conflicts of Interest
	13	Authorise the Company to Use		For	For		Mgmt
		Electronic Communications
06/05/08 - A	Alstria office REIT-AG		D0378R100			05/15/08		1,172
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 46

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Dividends of EUR 0.52 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2007
	5	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2008
	6	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Amend Articles Re: Allow Electronic		For	For		Mgmt
		Distribution of Company
		Communications
06/05/08 - A	Derwent London plc		G27300105			None		611
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 15 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect John Ivey as Director		For	For		Mgmt
	5	Re-elect Simon Silver as Director		For	For		Mgmt
	6	Re-elect Chris Odom as Director		For	For		Mgmt
	7	Re-elect Robert Farnes as Director		For	For		Mgmt
	8	Re-elect Simon Neathercoat as		For	For		Mgmt
		Director
	9	Elect David Silverman as Director		For	For		Mgmt
	10	Reappoint BDO Stoy Hayward LLP as		For	For		Mgmt
		Auditors and Authorise the Board to
		Determine Their Remuneration
	11	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 1,678,386.55
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 251,758
	13	Authorise 10,070,319 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	14	Adopt New Articles of Association		For	For		Mgmt
	15	Amend Derwent London plc		For	For		Mgmt
		Performance Share Plan
	16	Approve Derwent London Employee		For	For		Mgmt
		Share Option Plan
06/10/08 - A	Equity Residential *EQR*		29476L107			03/31/08		1,478
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 47

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/12/08 - A	China Overseas Land &		Y15004107			06/05/08		47,010
	Investment Ltd.
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2a	Reelect Hao Jian Min as Director		For	For		Mgmt
	2b	Reelect Wu Jianbin as Director		For	Against		Mgmt
	2c	Reelect Lam Kwong Siu as Director		For	For		Mgmt
	2d	Reelect Wong Ying Ho, Kennedy as		For	For		Mgmt
		Director
	3	Authorize Board to Fix the		For	For		Mgmt
		Remuneration of Directors
	4	Approve Final Dividend of HK$0.07 Per		For	For		Mgmt
		Share
	5	Reappoint Deloitte Touche Tohmatsu		For	For		Mgmt
		as Auditors and Authorize Board to Fix
		Their Remuneration
	6	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Approve Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights
	8	Authorize Reissuance of Repurchased		For	Against		Mgmt
		Shares
06/19/08 - A	Deutsche Euroshop AG		D1854M102			None		802
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2007 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.05 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2007
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2007
	5	Elect Supervisory Board Member		For	For		Mgmt
	6	Approve Remuneration of Supervisory		For	For		Mgmt
		Board
	7	Ratify BDO Deutsche Warentreuhand		For	For		Mgmt
		AG as Auditors for Fiscal 2008
06/19/08 - A	NTT URBAN DEVELOPMENT		J5940Z104			03/31/08		19
	CORP *8933*
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JY 700
	2	Amend Articles To: Authorize Public		For	For		Mgmt
		Announcements in Electronic Format -
Mgmt Rec - Company Management Recommended Vote								Page 48

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008
Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Update Terminology to Match that of
		Financial Instruments & Exchange Law
	3	Elect Directors		For	For		Mgmt
06/21/08 - A	Joint Corporation *8874*		J28384105			03/31/08		2,060
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 15
	2	Elect Directors		For	For		Mgmt
	3	Approve Takeover Defense Plan		For	Against		Mgmt
		(Poison Pill)
06/25/08 - S	K.K. DaVinci Advisors *4314*		J3409L104			05/09/08		19
	1	Approve Adoption of Holding Company		For	For		Mgmt
		Structure and Spin-off of Business to
		Wholly-Owned Subsidiary
	2	Amend Articles To: Amend Business		For	For		Mgmt
		Lines - Change Company Name
06/27/08 - A	Mitsubishi Estate Co. Ltd.		J43916113			03/31/08		7,425
	*8802*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 8
	2	Elect Directors		For	Split		Mgmt
	2.1	Elect Director --- For
	2.2	Elect Director --- For
	2.3	Elect Director --- For
	2.4	Elect Director --- For
	2.5	Elect Director --- For
	2.6	Elect Director --- For
	2.7	Elect Director --- Against
	2.8	Elect Director --- For
	2.9	Elect Director --- For
	2.10	Elect Director --- For
	2.11	Elect Director --- For
	2.12	Elect Director --- For
	2.13	Elect Director --- For
	3.1	Appoint Internal Statutory Auditor		For	Against		Mgmt
	3.2	Appoint Internal Statutory Auditor		For	Against		Mgmt
06/27/08 - A	Mitsui Fudosan Co. Ltd.		J4509L101			03/31/08		8,403
	*8801*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 11
	2.1	Appoint Internal Statutory Auditor		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 49

Vote Summary Report
Jul 01, 2007 - Jun 30, 2008

Principal Funds, Inc. - GLOBAL REAL ESTATE SEC FUND – 4568
Sub-Advisor: Principal Global Investors
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2.2	Appoint Internal Statutory Auditor		For	For		Mgmt
	3	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors
06/27/08 - A	Sumitomo Realty &		J77841112			03/31/08		4,466
	Development Co. Ltd. *8830*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JY 10
	2	Elect Director		For	For		Mgmt
06/30/08 - S	ASCENDAS REAL ESTATE		Y0205X103			None		23,616
	INVESTMENT TRUST
	1	Approve Issuance of Shares without		For	For		Mgmt
		Preemptive Rights

Mgmt Rec - Company Management Recommended Vote

Page 50

	Fund: Principal Funds, Inc. – Government & High Quality Bond Fund
		Sub-Advisor: Principal Global Investors
		Vote Summary Report
		July 1, 2007 - June 30, 2008
Principal Funds, Inc. – Government & High Quality Bond Fund
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
7/1/07 -		No proxies were voted during this time period
6/30/08

Fund: Principal Funds, Inc. – High Quality Intermediate-Term Bond Fund Sub-Advisor: Principal Global Investors

Vote Summary Report
July 1, 2007 - June 30, 2008

Principal Funds, Inc. – High Quality Intermediate-Term Bond Fund
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
7/1/07 -		No proxies were voted during this time period
6/30/08

Vote Summary Report (Short)

07/01/07 to 06/30/08

Sorted by Company Name.

In All Markets, for all statuses, for Principal Investors Fund - High Yield.

Mtg Date	Company	Mgmt	Vote	Shares	Shares
/Type	/Ballot Issues	Rec	Cast	Available	Voted
Questions? Contact Account Management
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For more information please refer to Legal

	Fund: Principal Funds, Inc. – High Yield Fund
		Sub-Advisor: Post Advisory Group, LLC
		Vote Summary Report
		July 1, 2007 – November 15, 2007
Principal Funds, Inc. – High Yield Fund
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
7/1/07 -		No proxies were voted during this time period
11/15/07

Fund: Principal Funds, Inc. - High Yield Fund I
Sub-Advisor: Lehman Brothers Asset Management
Vote Summary Report
July 1, 2007* - June 30, 2008
Principal Funds, Inc. - High Yield Fund I
Mtg	Company/	Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security Rec	Cast	Date	Prpnent	Voted
7/18/07* -		No proxies were voted during this time period
6/30/08

*Account funded July 18, 2007

		Fund: Principal Funds, Inc. – Income Fund
		Sub-Advisor: Edge Asset Management
		Vote Summary Report
		July 1, 2007 - June 30, 2008
Principal Funds, Inc. – Income Fund
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
7/1/07 -		No proxies were voted during this time period
6/30/08
Due to size constraints, this filing is being made in four related submissions. This submission is the first of the four related submissions