UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-6569

IVY FUNDS

(Exact Name as Specified in Charter)

6300 Lamar Avenue, Overland Park, Kansas 66202-4200

(Address of Principal Executive Office) (Zip Code)

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

(Name and Address of Agent for Service)

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

Date of fiscal year end: March 31

Date of reporting period: July 1, 2009 to June 30, 2010

IVY ASSET STRATEGY FUND

Proxy Voting Record

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 6 Ivy Asset Strategy Fund

Reliance Communications Ltd (formerly RELIANCE COMMUNICATION	Meeting Date
	01-Jul-09
Ticker: N/A

CUSIP: Y72317103

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Postal Ballot	Mgmt	No	None	None
1	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to 25 Percent of the Company’s Issued Share Capital to Qualified Institutional Buyers	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	8,729,095	8,729,095
		Totals:	8,729,095	8,729,095

HDFC Bank Limited	Meeting Date
	14-Jul-09
Ticker: N/A
CUSIP: Y3119P117

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Approve Dividend of INR 10.00 Per Share	Mgmt	Yes	For	For
3	Reappoint A. Pande as Director	Mgmt	Yes	For	For
4	Reappoint A. Samanta as Director	Mgmt	Yes	For	For
5	Approve Haribhakti & Co. as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
6	Approve Revision in Remuneration of A. Puri, Managing Director	Mgmt	Yes	For	For
7	Approve Appointment and Remuneration of J. Capoor, Chairman	Mgmt	Yes	For	For
8	Amend Employees Stock Option Schemes VIII to XIII Re: Exercise Period	Mgmt	Yes	For	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	3,403,183	3,403,183
		Totals:	3,403,183	3,403,183

Page 1 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Housing Development Finance Corp. Ltd.	Meeting Date
	22-Jul-09
Ticker: N/A
CUSIP: Y37246157

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Approve Dividend of INR 30.00 Per Share	Mgmt	Yes	For	For
3	Reappoint S.B. Patel as Director	Mgmt	Yes	For	For
4	Reappoint B.S. Mehta as Director	Mgmt	Yes	For	For
5	Reappoint S.A. Dave as Director	Mgmt	Yes	For	For
6	Approve Deloitte Haskins & Sells as Auditors and Branch Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
7	Approve Pannell Kerr Forster as Branch Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
8	Approve Reappointment and Remuneration of D.S. Parekh, Chairman and Managing Director	Mgmt	Yes	For	For
9	Approve Commission Remuneration for Non-Executive Directors	Mgmt	Yes	For	For
10	Authorize Issuance of Warrants Convertible into 10.95 Million Equity Shares with Secured Redeemable Non-Convertible Debentures without Preemptive Rights to Qualified Institutional Buyers	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	2,120,542	2,120,542
		Totals:	2,120,542	2,120,542

Barclays plc	Meeting Date
	06-Aug-09
Ticker: N/A
CUSIP: G08036124

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Approve Disposal by Barclays plc of the Barclays Global Investors Business and Ancillary Arrangements	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	19,727,000	19,727,000
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	36,779,400	36,779,400
		Totals:	56,506,400	56,506,400

Page 2 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

PING AN INSURANCE (GROUP) CO. OF CHINA, LTD.	Meeting Date
	07-Aug-09
Ticker: N/A
CUSIP: Y69790106

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Special Business	Mgmt	No	For	None
1	Approve a Specific Mandate to Allot and Issue Consideration Shares Under the Share Purchase Agreement	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	4,305,000	4,305,000
		Totals:	4,305,000	4,305,000

PING AN INSURANCE (GROUP) CO. OF CHINA, LTD.	Meeting Date
	07-Aug-09
Ticker: N/A
CUSIP: Y69790106

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Meeting for H Shareholders	Mgmt	No	None	None
	Special Business	Mgmt	No	For	None
1	Approve a Specific Mandate to Allot and Issue Consideration Shares Under the Share Purchase Agreement	Mgmt	Yes	For	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	4,305,000	4,305,000
		Totals:	4,305,000	4,305,000

BRF - Brasil Foods SA	Meeting Date
	18-Aug-09
Ticker: N/A
CUSIP: N/A

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Approve Agreement to Acquire All Common and Preferred Shares of Sadia SA Not Already Held by the Company	Mgmt	Yes	For	For
2	Appoint Banco de Investimentos Credit Suisse SA to Evaluate Share Swap Ratio, and Appoint Planconsult Planejamento e Consultoria Ltda to Evaluate Increase in Share Capital	Mgmt	Yes	For	For
3	Approve Reports by Credit Suisse and Planconsult	Mgmt	Yes	For	For
4	Approve Acquisition of Sadia SA and Amend Article 5 to Reflect Increase in Share Capital	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	2,796,000	2,796,000
		Totals:	2,796,000	2,796,000

Page 3 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Larsen & Toubro Ltd	Meeting Date
	28-Aug-09
Ticker: N/A
CUSIP: Y5217N159

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Approve Dividend of INR 10.50 Per Share	Mgmt	Yes	For	For
3	Reappoint S.N. Talwar as Director	Mgmt	Yes	For	For
4	Reappoint K.V. Rangaswami as Director	Mgmt	Yes	For	For
5	Appoint T. Mathew T. as Director	Mgmt	Yes	For	For
6	Reappoint M.V. Kotwal as Director	Mgmt	Yes	For	For
7	Reappoint V.K. Magapu as Director	Mgmt	Yes	For	For
8	Reappoint R.N. Mukhija as Director	Mgmt	Yes	For	For
9	Appoint J.S. Bindra as Director	Mgmt	Yes	For	For
10	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to an Aggregate Amount of INR 24 Billionto Qualified Institutional Buyers	Mgmt	Yes	For	For
11	Approve Sharp & Tannan as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	10,411,500	10,411,500
		Totals:	10,411,500	10,411,500

Industrial and Commercial Bank of China Limited	Meeting Date
	02-Sep-09
Ticker: N/A
CUSIP: Y3990B112

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Special Business	Mgmt	No	None	None
1	Approve Capital Injection of an Amount Equivalent to RMB 3 Billion in ICBC Financial Leasing Co., Ltd.	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	1,003,902,200	1,003,902,200
		Totals:

Page 4 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Nike, Inc.	Meeting Date
	21-Sep-09
Ticker: NKE

CUSIP: 654106103

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Jill K. Conway	Mgmt	Yes	For	For
1.2	Elect Director Alan B. Graf, Jr.	Mgmt	Yes	For	For
1.3	Elect Director John C. Lechleiter	Mgmt	Yes	For	For
2	Amend Qualified Employee Stock Purchase Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	2,662,900	2,662,900
		Totals:	2,662,900	2,662,900

DLF LTD	Meeting Date
	30-Sep-09
Ticker: N/A
CUSIP: Y2089H105

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Approve Dividend of INR 2.00 Per Share	Mgmt	Yes	For	For
3	Reappoint K. Swarup as Director	Mgmt	Yes	For	For
4	Reappoint D.V. Kapur as Director	Mgmt	Yes	For	For
5	Reappoint M.M. Sabharwal as Director	Mgmt	Yes	For	For
6	Approve Walker Chandiok & Co. as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
7	Approve Reappointment and Remuneration of K. Swarup, Senior Executive Director—Legal	Mgmt	Yes	For	For
8	Approve Appointment and Remuneration of S.D. Singh as Vice President of DLF Commercial Developers Ltd, a Wholly-Owned Subsidiary of the Company	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	0	0
		Totals:	0	0

Page 5 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

China Petroleum & Chemical Corp.	Meeting Date
	15-Oct-09
Ticker: N/A
CUSIP: Y15010104

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Approve Connected Transaction with a Related Party and the Related Annual Caps	Mgmt	Yes	For	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	161,120,000	161,120,000
		Totals:	161,120,000

China Overseas Land & Investment Ltd.	Meeting Date
	03-Nov-09
Ticker: N/A
CUSIP: Y15004107

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Approve JV Agreement Among China Overseas Development (Shanghai) Co., Ltd.; China State Construction and Engineering Co., Ltd.; and China State Construction No.8 Engineering Co., Ltd. in Relation to the Development of a Joint Venure Company	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	56,726,900	56,726,900
		Totals:	56,726,900	56,726,900

Industrial and Commercial Bank of China Limited	Meeting Date
	27-Nov-09
Ticker: N/A
CUSIP: Y3990B112

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Special Business	Mgmt	No	None	None
1	Approve Sale and Purchase Agreement Between Industrial and Commercial Bank of China Ltd. and Bangkok Bank Public Company Ltd. and the Voluntary Tender and Delisting Offers and Related Transactions	Mgmt	Yes	For	For
	Ordinary Business	Mgmt	No	None	None
2	Elect Malcolm Christopher McCarthy as Independent Non-Executive Director	Mgmt	Yes	For	For
3	Elect Kenneth Patrick Chung as Independent Non-Executive Director	Mgmt	Yes	For	For

Page 6 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	1,107,117,200	1,107,117,200
		Totals:

Cielo SA	Meeting Date
	14-Dec-09
Ticker: N/A
CUSIP: N/A

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Change Company Name to Cielo SA; Amend and Consolidate Company Bylaws Accordingly	Mgmt	Yes	For	For
2	Elect Fiscal Council Members and Their Alternates for The Fiscal Year Ended on Dec 31, 2009	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	0	0
		Totals:	0	0

China Communications Construction Company Ltd.	Meeting Date
	29-Dec-09
Ticker: N/A
CUSIP: Y14369105

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1a	Reelect Zhou Jichang ad Executive Director	Mgmt	Yes	For	For
1b	Reelect Meng Fengchao as Executive Director	Mgmt	Yes	For	For
1c	Reelect Fu Junyuan as Executive Director	Mgmt	Yes	For	For
1d	Reelect Zhang Changfu as Non-Executive Director	Mgmt	Yes	For	For
1e	Reelect Lu Hongjun as Independent Non-Executive Director	Mgmt	Yes	For	For
1f	Reelect Yuan Yaohui as Independent Non-Executive Director	Mgmt	Yes	For	For
1g	Reelect Zou Qiao as Independent Non-Executive Director	Mgmt	Yes	For	For
1h	Elect Liu Zhangmin as Independent Non-Executive Director	Mgmt	Yes	For	For
1i	Elect Daniel R. Fung as Independent Non-Executive Director	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	170,538,000	170,538,000
		Totals:	170,538,000

Page 7 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Visa Inc.	Meeting Date
	20-Jan-10
Ticker: V
CUSIP: 92826C839

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Robert W. Matschullat	Mgmt	Yes	For	For
1.2	Elect Director Cathy E. Minehan	Mgmt	Yes	For	For
1.3	Elect Director David J. Pang	Mgmt	Yes	For	For
1.4	Elect Director William S. Shanahan	Mgmt	Yes	For	For
1.5	Elect Director John A. Swainson	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Sent	4,686,700	4,686,700
		Totals:	4,686,700	4,686,700

Lenovo Group Limited (formerly Legend Group Limited)	Meeting Date
	22-Jan-10
Ticker: N/A
CUSIP: Y5257Y107

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Approve Sale and Purchase Agreement and the Issue of Consideration Shares	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	175,588,000	175,588,000
		Totals:	175,588,000

Vale S.A.	Meeting Date
	22-Jan-10
Ticker: N/A
CUSIP: P2605D109

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Meeting for ADR Holders	Mgmt	No
1	Ratify Nomination of Alternate Member of Board of Directors	Mgmt	Yes	For	For
2	Approve Agreement to Absorb Mineracao Estrela de Apolo and Mineracao Vale Corumba	Mgmt	Yes	For	For

Page 8 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

3	Appoint Domingues e Pinho Contadores to Appraise Proposed Merger	Mgmt	Yes	For	For
4	Approve Appraisal of Proposed Merger	Mgmt	Yes	For	For
5	Approve Absorption of Mineracao Estrela de Apolo and Mineracao Vale Corumba	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	5,001,500	5,001,500
		Totals:	5,001,500	5,001,500

Monsanto Co.	Meeting Date
	26-Jan-10
Ticker: MON
CUSIP: 61166W101

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Frank V. AtLee III	Mgmt	Yes	For	For
2	Elect Director David L. Chicoine	Mgmt	Yes	For	For
3	Elect Director Arthur H. Harper	Mgmt	Yes	For	For
4	Elect Director Gwendolyn S. King	Mgmt	Yes	For	For
5	Ratify Auditors	Mgmt	Yes	For	For
6	Amend Omnibus Stock Plan	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	2,990,388	2,990,388
		Totals:	2,990,388	2,990,388

Jacobs Engineering Group Inc.	Meeting Date
	28-Jan-10
Ticker: JEC
CUSIP: 469814107

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Robert C. Davidson, Jr.	Mgmt	Yes	For	For
1.2	Elect Director Edward V. Fritzky	Mgmt	Yes	For	For
1.3	Elect Director Benjamin F. Montoya	Mgmt	Yes	For	For
1.4	Elect Director Peter J. Robertson	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Page 9 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	1,226,200	1,226,200
		Totals:	1,226,200	1,226,200

Banco Santander Brasil SA	Meeting Date
	03-Feb-10
Ticker: N/A
CUSIP: P1505Z137

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Directors	Mgmt	Yes	For	For
2	Approve Stock Option Plan	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	15,596,400	15,596,400
		Totals:	15,596,400	15,596,400

Accenture plc	Meeting Date
	04-Feb-10
Ticker: N/A
CUSIP: G1151C101

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Reelect William L. Kimsey as a Director	Mgmt	Yes	For	For
1.2	Reelect Robert I. Lipp as a Director	Mgmt	Yes	For	For
1.3	Reelect Wulf von Schimmelmann as a Director	Mgmt	Yes	For	For
2	Approve KPMG as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
3	Approve 2010 Share Incentive Plan	Mgmt	Yes	For	For
4	Approve 2010 Employee Share Purchase Plan	Mgmt	Yes	For	For
5	Change Location of Annual Meeting	Mgmt	Yes	For	Against
6	Authorize Open-Market Purchases of Class A Ordinary Shares	Mgmt	Yes	For	For
7	Authorize Board to Determine Price Range for the Issuance of Acquired Treasury Stock	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	921,600	921,600
		Totals:	921,600	921,600

Page 10 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Apple Inc.	Meeting Date
	25-Feb-10
Ticker: AAPL
CUSIP: 037833100

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director William V. Campbell	Mgmt	Yes	For	For
1.2	Elect Director Millard S. Drexler	Mgmt	Yes	For	For
1.3	Elect Director Albert A. Gore, Jr.	Mgmt	Yes	For	For
1.4	Elect Director Steven P. Jobs	Mgmt	Yes	For	For
1.5	Elect Director Andrea Jung	Mgmt	Yes	For	For
1.6	Elect Director Arthur D. Levinson	Mgmt	Yes	For	For
1.7	Elect Director Jerome B. York	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Amend Non-Employee Director Omnibus Stock Plan	Mgmt	Yes	For	For
4	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For
5	Ratify Auditors	Mgmt	Yes	For	For
6	Prepare Sustainability Report	SH	Yes	Against	Against
7	Establish Other Board Committee	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Sent	2,036,900	2,036,900
		Totals:	2,036,900	2,036,900

QUALCOMM Incorporated	Meeting Date
	02-Mar-10
Ticker: QCOM
CUSIP: 747525103

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Barbara T. Alexander	Mgmt	Yes	For	For
1.2	Elect Director Stephen M. Bennett	Mgmt	Yes	For	For
1.3	Elect Director Donald G. Cruickshank	Mgmt	Yes	For	For
1.4	Elect Director Raymond V. Dittamore	Mgmt	Yes	For	For
1.5	Elect Director Thomas W. Horton	Mgmt	Yes	For	For
1.6	Elect Director Irwin Mark Jacobs	Mgmt	Yes	For	For
1.7	Elect Director Paul E. Jacobs	Mgmt	Yes	For	For
1.8	Elect Director Robert E. Kahn	Mgmt	Yes	For	For

Page 11 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

1.9	Elect Director Sherry Lansing	Mgmt	Yes	For	For
1.10	Elect Director Duane A. Nelles	Mgmt	Yes	For	For
1.11	Elect Director Brent Scowcroft	Mgmt	Yes	For	For
1.12	Elect Director Marc I. Stern	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Sent	13,186,407	13,186,407
		Totals:	13,186,407	13,186,407

Hyundai Motor Co.	Meeting Date
	12-Mar-10
Ticker: N/A
CUSIP: Y38472109

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Approve Appropriation of Income and Dividend of KRW 1,150 per Common Share	Mgmt	Yes	For	For
2	Elect Two Inside Directors and Two Outside Directors	Mgmt	Yes	For	For
3	Elect Nam Sung-Il as Member of Audit Committee	Mgmt	Yes	For	For
4	Approve Total Remuneration of Inside Directors and Outside Directors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	6,229,700	6,229,700
		Totals:	6,229,700	6,229,700

Samsung Electronics Co. Ltd.	Meeting Date
	19-Mar-10
Ticker: N/A
CUSIP: Y74718100

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Approve Appropriation of Income and Year-End Dividends of KRW 7,500 per Common Share and KRW 7,550 per Preferred Share	Mgmt	Yes	For	For
2.1	Elect Lee In-Ho as Outside Director	Mgmt	Yes	For	For
2.2	Elect Lee In-Ho as Member of Audit Committee	Mgmt	Yes	For	For
3	Approve Total Remuneration of Inside Directors and Outside Directors	Mgmt	Yes	For	For

Page 12 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	725,400	725,400
		Totals:	725,400	725,400

ASML Holding NV	Meeting Date
	24-Mar-10
Ticker: N/A
CUSIP: N07059178

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Annual Meeting	Mgmt	No
1	Open Meeting	Mgmt	No
2	Discuss the Company’s Business and Financial Situation	Mgmt	No
3	Approve Financial Statements and Statutory Reports	Mgmt	Yes	For	Do Not Vote
4	Approve Discharge of Management Board	Mgmt	Yes	For	Do Not Vote
5	Approve Discharge of Supervisory Board	Mgmt	Yes	For	Do Not Vote
6	Receive Explanation on Company's Reserves and Dividend Policy	Mgmt	No
7	Approve Dividends of EUR 0.20 Per Share	Mgmt	Yes	For	Do Not Vote
8.a	Discuss Remuneration Report	Mgmt	No
8.b	Approve Remuneration Report Containing Remuneration Policy for Management Board Members	Mgmt	Yes	For	Do Not Vote
9.a	Approve Performance Share Arrangement According to Remuneration Policy 2010	Mgmt	Yes	For	Do Not Vote
9.b	Approve Performance Share Grant According to Remuneration Policy 2008	Mgmt	Yes	For	Do Not Vote
9.c	Approve Performance Stock Option Grants	Mgmt	Yes	For	Do Not Vote
10	Approve the Numbers of Stock Options, Respectively Shares for Employees	Mgmt	Yes	For	Do Not Vote
11	Notification of the Intended Election of F. Schneider-Manoury to the Management Board	Mgmt	No
12	Discussion of Supervisory Board Profile	Mgmt	No
13	Notification of the Retirement of W.T. Siegle and J.W.B. Westerburgen of the Supervisory Board by Rotation in 2011	Mgmt	No
14.a	Grant Board Authority to Issue Shares up To Five Percent of Issued Capital	Mgmt	Yes	For	Do Not Vote
14.b	Authorize Board to Exclude Preemptive Rights from Issuance under Item 14.a	Mgmt	Yes	For	Do Not Vote
14.c	Grant Board Authority to Issue Additional Shares of up to Five Percent in Case of Takeover/Merger	Mgmt	Yes	For	Do Not Vote
14.d	Authorize Board to Exclude Preemptive Rights from Issuance under Item 14.c	Mgmt	Yes	For	Do Not Vote
15	Authorize Repurchase of Up to Ten Percent of Issued Share Capital	Mgmt	Yes	For	Do Not Vote

Page 13 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

16	Authorize Cancellation of Repurchased Shares	Mgmt	Yes	For	Do Not Vote
17	Authorize Additional Cancellation of Repurchased Shares	Mgmt	Yes	For	Do Not Vote
18	Other Business	Mgmt	No
19	Close Meeting	Mgmt	No

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	AutoApproved	2,599,300	2,599,300
		Totals:	2,599,300	2,599,300

BRF - Brasil Foods SA	Meeting Date
	31-Mar-10
Ticker: N/A
CUSIP: P1905C100

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Approve Financial Statements and Allocation of Income	Mgmt	Yes	For	For
2	Approve Dividends	Mgmt	Yes	For	For
3	Elect Roberto Faldini as Director	Mgmt	Yes	For	For
4	Elect Fiscal Council and Audit Committee	Mgmt	Yes	For
5	Approve Remuneration of Executive Officers, Non-Executive Directors, and Fiscal Council Members	Mgmt	Yes	For
6	Approve Issuance of Shares without Preemptive Rights	Mgmt	Yes	For	For
7	Approve Share-Based Plan and Stock Option Plan for BRF Executive Officers	Mgmt	Yes	For
8	Approve Share-Based Plan and Stock Option Plan for Sadia Executive Officers	Mgmt	Yes	For
9	Approve 1:2 Stock Split	Mgmt	Yes	For
10	Ratify Auditors	Mgmt	Yes	For	For
11	Appoint Independent Firm to Appraise Proposed Absorption	Mgmt	Yes	For
12	Approve Absorption of Avipal Nordeste SA and HHF Participacoes SA by BRF	Mgmt	Yes	For
13	Designate Newspapers to Publish Company Announcements	Mgmt	Yes	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Uninstructed	0	0
6 Ivy Asset Strategy Fund, 6	610591653	Uninstructed	0	0
		Totals:	0	0

Page 14 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Schlumberger Ltd.	Meeting Date
	07-Apr-10
Ticker: SLB

CUSIP: 806857108

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect P. Camus as Director	Mgmt	Yes	For	For
1.2	Elect P. Currie as Director	Mgmt	Yes	For	For
1.3	Elect J.S. Gorelick as Director	Mgmt	Yes	For	For
1.4	Elect A. Gould as Director	Mgmt	Yes	For	For
1.5	Elect T. Isaac as Director	Mgmt	Yes	For	For
1.6	Elect K.V. Kamath as Director	Mgmt	Yes	For	For
1.7	Elect N. Kudryavtsev as Director	Mgmt	Yes	For	For
1.8	Elect A. Lajous as Director	Mgmt	Yes	For	For
1.9	Elect M.E. Marks as Director	Mgmt	Yes	For	For
1.10	Elect L.R. Reif as Director	Mgmt	Yes	For	For
1.11	Elect T.I. Sandvold as Director	Mgmt	Yes	For	For
1.12	Elect H. Seydoux as Director	Mgmt	Yes	For	For
2	Adopt and Approve Financials and Dividends	Mgmt	Yes	For	For
3	Approve 2010 Omnibus Stock Incentive Plan	Mgmt	Yes	For	For
4	Amend Qualified Employee Stock Purchase Plan	Mgmt	Yes	For	For
5	Ratify PricewaterhouseCoopers LLP as Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Approved	2,109,105	2,109,105
		Totals:	2,109,105	2,109,105

Industrial and Commercial Bank of China Limited	Meeting Date
	08-Apr-10
Ticker: N/A
CUSIP: Y3990B112

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Wang Lili as Executive Director	Mgmt	Yes	For	For
2	Approve 2010 Fixed Assets Investment Budget	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	633,455,200	633,455,200
		Totals:	633,455,200

Page 15 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

LVMH Moet Hennessy Louis Vuitton	Meeting Date
	15-Apr-10
Ticker: N/A
CUSIP: F58485115

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Ordinary Business	Mgmt	No
1	Approve Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Accept Consolidated Financial Statements and Statutory Reports	Mgmt	Yes	For	For
3	Approve Auditors’ Special Report Regarding Related-Party Transactions	Mgmt	Yes	For	Against
4	Approve Allocation of Income and Dividends of EUR 1.60 per Share	Mgmt	Yes	For	For
5	Reelect Bernard Arnault as Director	Mgmt	Yes	For	For
6	Reelect Delphine Arnault as Director	Mgmt	Yes	For	For
7	Reelect Nicholas Clive Worms as Director	Mgmt	Yes	For	For
8	Reelect Patrick Houel as Director	Mgmt	Yes	For	For
9	Reelect Felix G. Rohatyn as Director	Mgmt	Yes	For	For
10	Reelect Hubert Vedrine as Director	Mgmt	Yes	For	For
11	Elect Helene Carrere d’ Encausse as Director	Mgmt	Yes	For	For
12	Reelect Kilian Hennesy as Censor	Mgmt	Yes	For	For
13	Reelect Deloitte & Associes as Auditor	Mgmt	Yes	For	For
14	Ratify Ernst & Young Audit as Auditor	Mgmt	Yes	For	For
15	Reelect Denis Grison as Alternate Auditor	Mgmt	Yes	For	For
16	Ratify Auditex as Alternate Auditor	Mgmt	Yes	For	For
17	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	Mgmt	Yes	For	For
	Special Business	Mgmt	No
18	Approve Reduction in Share Capital via Cancellation of Repurchased Shares	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	2,073,100	2,073,100
		Totals:	2,073,100	2,073,100

Page 16 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

REDECARD SA	Meeting Date
	15-Apr-10
Ticker: N/A
CUSIP: P79941103

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Annual Meeting Agenda	Mgmt	No
1	Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2009	Mgmt	Yes	For	For
2	Approve Allocation of Income and Dividends	Mgmt	Yes	For	For
3	Elect Directors	Mgmt	Yes	For	For
4	Approve Remuneration of Executive Officers, Non-Executive Directors, and Audit Committee Members	Mgmt	Yes	For	For
5	Designate Newspapers to Publish Company Announcements	Mgmt	Yes	For	For
	Special Meeting Agenda	Mgmt	No
6	Change Articles 16, 18, and 19 and Change the Wording of Articles 9, 29, 30, 32, 34 and 36	Mgmt	Yes	For	For
7	Amend Stock Option Plan	Mgmt	Yes	For	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Rejected	14,120,200	14,120,200
6 Ivy Asset Strategy Fund, 6	610591653	Rejected	14,120,200	14,120,200
		Totals:	28,240,400	28,240,400

Anglo American plc	Meeting Date
	22-Apr-10
Ticker: N/A
CUSIP: G03764134

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Elect Sir Philip Hampton as Director	Mgmt	Yes	For	For
3	Elect Ray O’Rourke as Director	Mgmt	Yes	For	For
4	Elect Sir John Parker as Director	Mgmt	Yes	For	For
5	Elect Jack Thompson as Director	Mgmt	Yes	For	For
6	Re-elect Cynthia Carroll as Director	Mgmt	Yes	For	For
7	Re-elect Nicky Oppenheimer as Director	Mgmt	Yes	For	For
8	Reappoint Deloitte LLP as Auditors	Mgmt	Yes	For	For
9	Authorise Board to Fix Remuneration of Auditors	Mgmt	Yes	For	For
10	Approve Remuneration Report	Mgmt	Yes	For	For
11	Authorise Issue of Equity with Pre-emptive Rights	Mgmt	Yes	For	Against
12	Authorise Issue of Equity without Pre-emptive Rights	Mgmt	Yes	For	For
13	Authorise Market Purchase	Mgmt	Yes	For	For
14	Amend Articles of Association	Mgmt	Yes	For	For
15	Authorise the Company to Call EGM with Two Weeks' Notice	Mgmt	Yes	For	For

Page 17 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	3,255,100	3,255,100
		Totals:	3,255,100	3,255,100

Hong Kong Exchanges and Clearing Ltd	Meeting Date
	22-Apr-10
Ticker: N/A

CUSIP: Y3506N139

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Declare Final Dividend of HK$ 2.09 Per Share	Mgmt	Yes	For	For
3a	Elect John Estmond Strickland as Director	Mgmt	Yes	For	For
3b	Elect Wong Sai Hung, Oscar as Director	Mgmt	Yes	For	For
4	Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
5	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	Mgmt	Yes	For	For
6a	Approve Remuneration of HK$500,000 and HK$350,000 Per Annum Payable to the Chairman and Each of the Other Non-executive Directors Respectively	Mgmt	Yes	For	For
6b	Approve Attendance Fee of HK$2,500 Per Meeting Payable to the Chairman and Every Member (Excluding Executive Director) of Certain Board Committees	Mgmt	Yes	For	For
7	Amend Articles of Association	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	15,588,500	15,588,500
		Totals:	15,588,500	15,588,500

Page 18 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Volkswagen AG (VW)	Meeting Date
	22-Apr-10
Ticker: N/A

CUSIP: D94523145

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Meeting For Preferred Shareholders	Mgmt	No
1	Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds without Preemptive Rights up to Aggregate Nominal Amount of EUR 5 Billion; Approve Creation of EUR 102.4 Million Pool of Capital to Guarantee Conversion Rights	Mgmt	Yes	For	Do Not Vote

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	AutoApproved	1,631,400	1,631,400
		Totals:	1,631,400	1,631,400

Banco Santander Brasil SA	Meeting Date
	27-Apr-10
Ticker: N/A

CUSIP: P1505Z137

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2009	Mgmt	Yes	For	For
2	Approve Allocation of Income and Dividends	Mgmt	Yes	For	For
3	Approve Remuneration of Executive Officers, Non-Executive Directors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	19,063,400	19,063,400
		Totals:	19,063,400	19,063,400

Banco Santander Brasil SA	Meeting Date
	27-Apr-10
Ticker: N/A

CUSIP: P1505Z137

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Authorize Capitalization of Reserves for Bonus Issue	Mgmt	Yes	For	For
2	Amend Articles	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	19,063,400	19,063,400
		Totals:	19,063,400	19,063,400

Page 19 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Xstrata plc	Meeting Date
	05-May-10
Ticker: N/A

CUSIP: G9826T102

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Approve Final Dividend	Mgmt	Yes	For	For
3	Approve Remuneration Report	Mgmt	Yes	For	For
4	Re-elect Mick Davis as Director	Mgmt	Yes	For	For
5	Re-elect David Rough as Director	Mgmt	Yes	For	For
6	Re-elect Sir Steve Robson as Director	Mgmt	Yes	For	For
7	Re-elect Willy Strothotte as Director	Mgmt	Yes	For	For
8	Elect Dr Con Fauconnier as Director	Mgmt	Yes	For	For
9	Reappoint Ernst & Young LLP as Auditors and Authorise Their Remuneration	Mgmt	Yes	For	For
10	Authorise Issue of Equity with Pre-emptive Rights	Mgmt	Yes	For	Against
11	Authorise Issue of Equity without Pre-emptive Rights	Mgmt	Yes	For	For
12	Authorise the Company to Call EGM with Not Less Than 20 Clear Days’ Notice	Mgmt	Yes	For	For
13	Amend Articles of Association	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	23,284,864	23,284,864
		Totals:	23,284,864	23,284,864

Holcim Ltd. (formerly Holderbank Financiere Glarus)	Meeting Date
	06-May-10
Ticker: N/A

CUSIP: H36940130

Did not vote due to share blocking

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	Do Not Vote
1.2	Approve Remuneration Report	Mgmt	Yes	For	Do Not Vote
2	Approve Discharge of Board and Senior Management	Mgmt	Yes	For	Do Not Vote
3	Approve Allocation of Income and Dividends of CHF 1.50 per Share	Mgmt	Yes	For	Do Not Vote
4.1.1	Reelect Markus Akermann as Director	Mgmt	Yes	For	Do Not Vote
4.1.2	Reelect Peter Kuepfer as Director	Mgmt	Yes	For	Do Not Vote
4.1.3	Reelect Rolf Soiron as Director	Mgmt	Yes	For	Do Not Vote
4.2	Elect Beat Hess as Director	Mgmt	Yes	For	Do Not Vote
4.3	Ratify Ernst & Young AG as Auditors	Mgmt	Yes	For	Do Not Vote
5	Amend Articles Re: Share Certificates due to New Swiss Federal Act on Intermediated Securities	Mgmt	Yes	For	Do Not Vote

Page 20 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	AutoApproved	2,575,100	0
		Totals:	2,575,100	0

Lafarge	Meeting Date
	06-May-10
Ticker: N/A

CUSIP: F54432111

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Ordinary Business	Mgmt	No
1	Approve Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Accept Consolidated Financial Statements and Statutory Reports	Mgmt	Yes	For	For
3	Approve Allocation of Income and Dividends of EUR 2.00 per Ordinary Share and EUR 2.20 per Long-Term Registered Share	Mgmt	Yes	For	For
4	Approve Auditors’ Special Report Mentioning New and Ongoing Related-Party Transactions	Mgmt	Yes	For	For
5	Elect Colette Lewiner as Director	Mgmt	Yes	For	For
6	Elect Veronique Weill as Director	Mgmt	Yes	For	For
7	Approve Remuneration of Directors in the Aggregate Amount of EUR 700,000	Mgmt	Yes	For	For
8	Authorize Repurchase of Up to 5 Percent of Issued Share Capital	Mgmt	Yes	For	For
9	Authorize Filing of Required Documents/Other Formalities	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	2,581,900	2,581,900
		Totals:	2,581,900	2,581,900

PMC-Sierra, Inc.	Meeting Date
	06-May-10
Ticker: PMCS

CUSIP: 69344F106

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Robert L. Bailey	Mgmt	Yes	For	For
1.2	Elect Director Richard E. Belluzzo	Mgmt	Yes	For	For
1.3	Elect Director James V. Diller, Sr.	Mgmt	Yes	For	For
1.4	Elect Director Michael R. Farese	Mgmt	Yes	For	For

Page 21 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

1.5	Elect Director Jonathan J. Judge	Mgmt	Yes	For	For
1.6	Elect Director William H. Kurtz	Mgmt	Yes	For	For
1.7	Elect Director Gregory S. Lang	Mgmt	Yes	For	For
1.8	Elect Director Frank J. Marshall	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Approve Qualified Employee Stock Purchase Plan	Mgmt	Yes	For	For
4	Performance-Based Equity Awards	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	20,632,100	20,632,100
		Totals:	20,632,100	20,632,100

Colgate-Palmolive Company	Meeting Date
	07-May-10
Ticker: CL

CUSIP: 194162103

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director John T. Cahill	Mgmt	Yes	For	For
2	Elect Director Ian Cook	Mgmt	Yes	For	For
3	Elect Director Helene D. Gayle	Mgmt	Yes	For	For
4	Elect Director Ellen M. Hancock	Mgmt	Yes	For	For
5	Elect Director Joseph Jimenez	Mgmt	Yes	For	For
6	Elect Director David W. Johnson	Mgmt	Yes	For	For
7	Elect Director Richard J. Kogan	Mgmt	Yes	For	For
8	Elect Director Delano E. Lewis	Mgmt	Yes	For	For
9	Elect Director J. Pedro Reinhard	Mgmt	Yes	For	For
10	Elect Director Stephen I. Sadove	Mgmt	Yes	For	For
11	Ratify Auditors	Mgmt	Yes	For	For
12	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For
13	Report on Charitable Contributions	SH	Yes	Against	Against
14	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	2,246,100	2,246,100
		Totals:	2,246,100	2,246,100

Page 22 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Standard Chartered plc	Meeting Date
	07-May-10
Ticker: N/A

CUSIP: G84228157

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Approve Final Dividend	Mgmt	Yes	For	For
3	Approve Remuneration Report	Mgmt	Yes	For	For
4	Re-elect Jamie Dundas as Director	Mgmt	Yes	For	For
5	Re-elect Val Gooding as Director	Mgmt	Yes	For	For
6	Re-elect Rudy Markham as Director	Mgmt	Yes	For	For
7	Re-elect John Peace as Director	Mgmt	Yes	For	For
8	Re-elect Peter Sands as Director	Mgmt	Yes	For	For
9	Re-elect Paul Skinner as Director	Mgmt	Yes	For	For
10	Re-elect Oliver Stocken as Director	Mgmt	Yes	For	For
11	Elect Jaspal Bindra as Director	Mgmt	Yes	For	For
12	Elect Richard Delbridge as Director	Mgmt	Yes	For	For
13	Elect Dr Han Seung-soo as Director	Mgmt	Yes	For	For
14	Elect Simon Lowth as Director	Mgmt	Yes	For	For
15	Elect Mike Rees as Director	Mgmt	Yes	For	For
16	Reappoint KPMG Audit plc as Auditors	Mgmt	Yes	For	For
17	Authorise Board to Fix Remuneration of Auditors	Mgmt	Yes	For	For
18	Approve EU Political Donations and Expenditure	Mgmt	Yes	For	For
19	Authorise Issue of Equity with Pre-emptive Rights	Mgmt	Yes	For	Against
20	Authorise Issue of Equity with Pre-emptive Rights	Mgmt	Yes	For	Against
21	Authorise Issue of Equity with Pre-emptive Rights	Mgmt	Yes	For	Against
22	Authorise Issue of Equity without Pre-emptive Rights	Mgmt	Yes	For	For
23	Authorise Issue of Equity without Pre-emptive Rights	Mgmt	Yes	For	For
24	Authorise Market Purchase	Mgmt	Yes	For	For
25	Authorise Market Purchase	Mgmt	Yes	For	For
26	Adopt New Articles of Association	Mgmt	Yes	For	For
27	Authorise the Company to Call EGM with Two Weeks’ Notice	Mgmt	Yes	For	For
28	Amend Restricted Share Scheme	Mgmt	Yes	For	For
29	Approve Waiver on the Reporting and Annual Review Requirements in Respect of Ongoing Banking Transactions with Associates of Temasek	Mgmt	Yes	For	For
30	Approve the Waiver in Respect of the Requirement to Enter into Fixed-term Written Agreements with Temasek	Mgmt	Yes	For	For
31	Approve Future Ongoing Banking Transactions with Temasek	Mgmt	Yes	For	For

Page 23 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	29,097,000	29,097,000
		Totals:	29,097,000	29,097,000

Gilead Sciences, Inc.	Meeting Date
	11-May-10
Ticker: GILD

CUSIP: 375558103

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Paul Berg	Mgmt	Yes	For	For
1.2	Elect Director John F. Cogan	Mgmt	Yes	For	For
1.3	Elect Director Etienne F. Davignon	Mgmt	Yes	For	For
1.4	Elect Director James M. Denny	Mgmt	Yes	For	For
1.5	Elect Director Carla A. Hills	Mgmt	Yes	For	For
1.6	Elect Director Kevin E. Lofton	Mgmt	Yes	For	For
1.7	Elect Director John W. Madigan	Mgmt	Yes	For	For
1.8	Elect Director John C. Martin	Mgmt	Yes	For	For
1.9	Elect Director Gordon E. Moore	Mgmt	Yes	For	For
1.10	Elect Director Nicholas G. Moore	Mgmt	Yes	For	For
1.11	Elect Director Richard J. Whitley	Mgmt	Yes	For	For
1.12	Elect Director Gayle E. Wilson	Mgmt	Yes	For	For
1.13	Elect Director Per Wold-Olsen	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Reduce Supermajority Vote Requirement	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	3,723,100	3,723,100
		Totals:	3,723,100	3,723,100

Mead Johnson Nutrition Company	Meeting Date
	11-May-10
Ticker: MJN

CUSIP: 582839106

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Stephen W. Golsby	Mgmt	Yes	For	For

Page 24 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

1.2	Elect Director Dr. Steven M. Altschuler	Mgmt	Yes	For	For
1.3	Elect Director Howard B. Bernick	Mgmt	Yes	For	For
1.4	Elect Director James M. Cornelius	Mgmt	Yes	For	For
1.5	Elect Director Peter G. Ratcliffe	Mgmt	Yes	For	For
1.6	Elect Director Dr. Elliott Sigal	Mgmt	Yes	For	For
1.7	Elect Director Robert S. Singer	Mgmt	Yes	For	For
1.8	Elect Director Kimberly A. Casiano	Mgmt	Yes	For	For
1.9	Elect Director Anna C. Catalano	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	Against
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	2,746,000	2,746,000
		Totals:	2,746,000	2,746,000

Amgen, Inc.	Meeting Date
	12-May-10
Ticker: AMGN
CUSIP: 031162100

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Dr. David Baltimore	Mgmt	Yes	For	For
2	Elect Director Frank J. Biondi, Jr.	Mgmt	Yes	For	For
3	Elect Director Francois De Carbonnel	Mgmt	Yes	For	For
4	Elect Director Jerry D. Choate	Mgmt	Yes	For	For
5	Elect Director Dr. Vance D. Coffman	Mgmt	Yes	For	For
6	Elect Director Frederick W. Gluck	Mgmt	Yes	For	For
7	Elect Director Dr. Rebecca M. Henderson	Mgmt	Yes	For	For
8	Elect Director Frank C. Herringer	Mgmt	Yes	For	For
9	Elect Director Dr. Gilbert S. Omenn	Mgmt	Yes	For	For
10	Elect Director Judith C. Pelham	Mgmt	Yes	For	For
11	Elect Director Adm. J. Paul Reason, USN (Retired)	Mgmt	Yes	For	For
12	Elect Director Leonard D. Schaeffer	Mgmt	Yes	For	For
13	Elect Director Kevin W. Sharer	Mgmt	Yes	For	For
14	Ratify Auditors	Mgmt	Yes	For	For
15	Provide Right to Act by Written Consent	SH	Yes	Against	For
16	Stock Retention/Holding Period	SH	Yes	Against	Against

Page 25 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	3,691,800	3,691,800
		Totals:	3,691,800	3,691,800

China Mobile Limited	Meeting Date
	12-May-10
Ticker: N/A
CUSIP: Y14965100

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Approve Final Dividend of HK$1.458 Per Share	Mgmt	Yes	For	For
3a	Reelect Li Yue as Director	Mgmt	Yes	For	For
3b	Reelect Lu Xiangdong as Director	Mgmt	Yes	For	Against
3c	Reelect Xin Fanfei as Director	Mgmt	Yes	For	For
3d	Reelect Frank Wong Kwong Shing as Director	Mgmt	Yes	For	For
4	Reappoint KMPG as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
5	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	Mgmt	Yes	For	For
6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	Mgmt	Yes	For	For
7	Authorize Reissuance of Repurchased Shares	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	22,181,500	22,181,500
		Totals:	22,181,500	22,181,500

China Unicom (Hong Kong) Ltd	Meeting Date
	12-May-10
Ticker: N/A
CUSIP: Y1519S111

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Approve Final Dividend	Mgmt	Yes	For	For
3a1	Reelect Zuo Xunsheng as Director	Mgmt	Yes	For	For
3a2	Reelect Tong Jilu as Director	Mgmt	Yes	For	For
3a3	Reelect Cheung Wing Lam Linus as Director	Mgmt	Yes	For	For
3b	Authorize the Board to Fix Remuneration of Directors	Mgmt	Yes	For	For

Page 26 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

4	Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
5	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	Mgmt	Yes	For	For
6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	Mgmt	Yes	For	For
7	Authorize Reissuance of Repurchased Shares	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	67,822,000	67,822,000
		Totals:	67,822,000	67,822,000

Juniper Networks, Inc.	Meeting Date
	12-May-10
Ticker: JNPR
CUSIP: 48203R104

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Pradeep Sindhu	Mgmt	Yes	For	For
1.2	Elect Director Robert M. Calderoni	Mgmt	Yes	For	For
1.3	Elect Director William F. Meehan	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	4,778,900	4,778,900
		Totals:	4,778,900	4,778,900

Philip Morris International Inc.	Meeting Date
	12-May-10
Ticker: PM
CUSIP: 718172109

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

Page 27 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

8	Elect Director Lucio A. Noto	Mgmt	Yes	For	For
9	Elect Director Carlos Slim Helu	Mgmt	Yes	For	For
10	Elect Director Stephen M. Wolf	Mgmt	Yes	For	For
11	Ratify Auditors	Mgmt	Yes	For	For
12	Report on Effect of Marketing Practices on the Poor	SH	Yes	Against	Against
13	Establish Supplier Human Rights Purchasing Protocols	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	1,725,000	1,725,000
		Totals:	1,725,000	1,725,000

Wynn Resorts, Limited	Meeting Date
	12-May-10
Ticker: WYNN
CUSIP: 983134107

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Stephen A. Wynn	Mgmt	Yes	For	For
1.2	Elect Director Ray R. Irani	Mgmt	Yes	For	For
1.3	Elect Director Alvin V. Shoemaker	Mgmt	Yes	For	For
1.4	Elect Director D. Boone Wayson	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	8,351,600	8,351,600
		Totals:	8,351,600	8,351,600

Starwood Hotels & Resorts Worldwide, Inc.	Meeting Date
	13-May-10
Ticker: HOT
CUSIP: 85590A401

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Adam M. Aron	Mgmt	Yes	For	For
1.2	Elect Director Charlene Barshefsky	Mgmt	Yes	For	For
1.3	Elect Director Thomas E. Clarke	Mgmt	Yes	For	For
1.4	Elect Director Clayton C. Daley, Jr.	Mgmt	Yes	For	For
1.5	Elect Director Bruce W. Duncan	Mgmt	Yes	For	For

Page 28 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

1.6	Elect Director Lizanne Galbreath	Mgmt	Yes	For	For
1.7	Elect Director Eric Hippeau	Mgmt	Yes	For	For
1.8	Elect Director Stephen R. Quazzo	Mgmt	Yes	For	For
1.9	Elect Director Thomas O. Ryder	Mgmt	Yes	For	For
1.10	Elect Director Frits van Paasschen	Mgmt	Yes	For	For
1.11	Elect Director Kneeland C. Youngblood	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Executive Incentive Bonus Plan	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	4,836,400	4,836,400
		Totals:	4,836,400	4,836,400

Vertex Pharmaceuticals Incorporated	Meeting Date
	13-May-10
Ticker: VRTX
CUSIP: 92532F100

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Joshua Boger	Mgmt	Yes	For	For
1.2	Elect Director Charles A. Sanders	Mgmt	Yes	For	For
1.3	Elect Director Elaine S. Ullian	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	2,296,678	2,296,678
		Totals:	2,296,678	2,296,678

Transocean Ltd.	Meeting Date
	14-May-10
Ticker: RIG
CUSIP: H8817H100

	Voting Policy: Waddell & Reed	Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Approve Discharge of Board and Senior Management	Mgmt	Yes	For	For
3	Approve Allocation of Income and Omission of Dividends	Mgmt	Yes	For	For

Page 29 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

4	Change Location of Registered Office to Steinhausen, Switzerland	Mgmt	Yes	For	For
5	Approve Creation of CHF 2.5 Billion Pool of Capital without Preemptive Rights	Mgmt	Yes	For	For
6	Approve Reduction in Share Capita and Repayment of $3.11 per Sharel	Mgmt	Yes	For	For
7	Amend Articles Re: Share Certificates due to New Swiss Federal Act on Intermediated Securities	Mgmt	Yes	For	For
8a	Elect Steven Newman as Director	Mgmt	Yes	For	For
8b	Reelect Thomas Carson as Director	Mgmt	Yes	For	For
8c	Reelect Robert Sprague as Director	Mgmt	Yes	For	For
8d	Reelect J. Michael Talbert as Director	Mgmt	Yes	For	For
8e	Reelect John Whitmire as Director	Mgmt	Yes	For	For
9	Appointment Of Ernst & Young LLP as Independent Registered Public Accounting Firm for Fiscal Year 2010	Mgmt	Yes	For	For
10	Transact Other Business (Voting)	Mgmt	Yes	For	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	1,375,500	1,375,500
		Totals:	1,375,500	1,375,500

Anadarko Petroleum Corporation	Meeting Date
	18-May-10
Ticker: APC

CUSIP: 032511107

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director H. Paulett Eberhart	Mgmt	Yes	For	For
2	Elect Director Preston M. Geren III	Mgmt	Yes	For	For
3	Elect Director James T. Hackett	Mgmt	Yes	For	For
4	Ratify Auditors	Mgmt	Yes	For	For
5	Amend EEO Policy to Prohibit Discrimination based on Sexual Orientation and Gender Identity	SH	Yes	Against	Against
6	Reimburse Expenses Incurred by Stockholder in Contested Election of Directors	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	1,481,600	1,481,600
		Totals:	1,481,600	1,481,600

Page 30 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Industrial and Commercial Bank of China Limited	Meeting Date
	18-May-10
Ticker: N/A

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Ordinary Business	Mgmt	No
1	Approve 2009 Work Report of the Board of Directors	Mgmt	Yes	For	For
2	Approve 2009 Work Report of the Board of Supervisors	Mgmt	Yes	For	For
3	Approve 2009 Audited Accounts	Mgmt	Yes	For	For
4	Approve 2009 Profit Distribution Plan	Mgmt	Yes	For	For
5	Reappoint Ernst and Young and Ernst and Young Hua Ming as Auditors and Fix the Total Audit Fees for 2010 at RMB 159.60 million	Mgmt	Yes	For	For
6	Approve Capital Management Plan for Years 2010 to 2012	Mgmt	Yes	For	For
	Extraordinary Business	Mgmt	No
7	Approve Issuance of H Shares and A Share Convertible Corporate Bonds (Convertible Bonds)	Mgmt	Yes	For	For
8a	Approve Type of Securities to be Issued in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For
8b	Approve Issue Size in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For
8c	Approve Nominal Value and Issue Price in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For
8d	Approve Term in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For
8e	Approve Interest Rate in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For
8f	Approve Timing and Method of Interest Payment in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For
8g	Approve Conversion Period in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For
8h	Approve Method for Determining the Number of Shares for Conversion in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For
8i	Approve Determination and Adjustment of CB Conversion Price in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For
8j	Approve Downward Adjustment to CB Conversion Price in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For
8k	Approve Terms of Redemption in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For
8l	Approve Terms of Sale Back in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For
8m	Approve Dividend Rights of the Year of Conversion in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For
8n	Approve Method of Issuance and Target Investors in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For
8o	Approve Subscription Arrangement for the Existing Holders of A Shares in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For
8p	Approve CB Holders and CB Holders’ Meetings in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For

Page 31 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

8q	Approve Use of Proceeds in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For
8r	Approve Special Provisions in Relation to Supplementary Capital in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For
8s	Approve Security in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For
8t	Approve Validity Period of the Resolution in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For
8u	Approve Matters Relating to Authorisation in Relation to the Issuance of the Convertible Bonds	Mgmt	Yes	For	For
	Ordinary Business	Mgmt	No
9	Approve Feasibility Analysis Report on the Use of Proceeds of the Public Issuance of A Share Convertible Corporate Bonds	Mgmt	Yes	For	For
10	Approve Utilization Report on the Bank's Use of Proceeds from the Previous Issuance of Securities by the Bank	Mgmt	Yes	For	For
11	Approve the Revised Plan on Authorisation of the Shareholders' General Meeting to the Board of Directors as Set Out in Appendix 1 to the Supplemental Circular of the Bank Dated 4 May 2010	SH	Yes	None	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	797,141,200	797,141,200
		Totals:	797,141,200

Li & Fung Limited	Meeting Date
	18-May-10
Ticker: N/A

CUSIP: G5485F144

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Declare Final Dividend of HK$0.49 Per Share	Mgmt	Yes	For	For
3a	Reelect Victor Fung Kwok King as Director	Mgmt	Yes	For	For
3b	Reelect Bruce Philip Rockowitz as Director	Mgmt	Yes	For	For
3c	Reelect Paul Edward Selway-Swift as Director	Mgmt	Yes	For	For
4	Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
5	Approve Increase in Authorized Share Capital from HK$100 Million to HK$150 Million by the Creation of 2 Billion New Shares	Mgmt	Yes	For	For
6	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	Mgmt	Yes	For	For
7	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	Mgmt	Yes	For	For
8	Authorize Reissuance of Repurchased Shares	Mgmt	Yes	For	For
9	Approve Refreshment of Scheme Mandate Limit Under Share Option Scheme	Mgmt	Yes	For	For

Page 32 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	57,218,200	57,218,200
		Totals:	57,218,200	57,218,200

Halliburton Company	Meeting Date
	19-May-10
Ticker: HAL

CUSIP: 406216101

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director A.M. Bennett	Mgmt	Yes	For	For
2	Elect Director J.R. Boyd	Mgmt	Yes	For	For
3	Elect Director M. Carroll	Mgmt	Yes	For	For
4	Elect Director N.K. Dicciani	Mgmt	Yes	For	For
5	Elect Director S.M. Gillis	Mgmt	Yes	For	For
6	Elect Director J.T. Hackett	Mgmt	Yes	For	For
7	Elect Director D.J. Lesar	Mgmt	Yes	For	For
8	Elect Director R.A. Malone	Mgmt	Yes	For	For
9	Elect Director J.L. Martin	Mgmt	Yes	For	For
10	Elect Director D.L. Reed	Mgmt	Yes	For	For
11	Ratify Auditors	Mgmt	Yes	For	For
12	Review and Assess Human Rights Policies	SH	Yes	Against	Against
13	Report on Political Contributions	SH	Yes	Against	Against
14	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
15	Amend Articles/Bylaws/Charter – Call Special Meetings	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	5,011,600	5,011,600
		Totals:	5,011,600	5,011,600

Page 33 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Intel Corporation	Meeting Date
	19-May-10
Ticker: INTC

CUSIP: 458140100

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Charlene Barshefsky	Mgmt	Yes	For	For
2	Elect Director Susan L. Decker	Mgmt	Yes	For	For
3	Elect Director John J. Donahoe	Mgmt	Yes	For	For
4	Elect Director Reed E. Hundt	Mgmt	Yes	For	For
5	Elect Director Paul S. Otellini	Mgmt	Yes	For	For
6	Elect Director James D. Plummer	Mgmt	Yes	For	For
7	Elect Director David S. Pottruck	Mgmt	Yes	For	For
8	Elect Director Jane E. Shaw	Mgmt	Yes	For	For
9	Elect Director Frank D. Yeary	Mgmt	Yes	For	For
10	Elect Director David B. Yoffie	Mgmt	Yes	For	For
11	Ratify Auditors	Mgmt	Yes	For	For
12	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	6,533,000	6,533,000
		Totals:	6,533,000	6,533,000

Boc Hong Kong (Holdings) Ltd.	Meeting Date
	20-May-10
Ticker: N/A

CUSIP: Y0920U103

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Approve Dividends of HK$0.57 Per Share for the year ended Dec. 31, 2009	Mgmt	Yes	For	For
3a	Reelect Li Lihui as Director	Mgmt	Yes	For	For
3b	Reelect Zhang Yanling as Director	Mgmt	Yes	For	For
3c	Reelect Gao Yingxin as Director	Mgmt	Yes	For	For
3d	Reelect Tung Chee Chen Director	Mgmt	Yes	For	For
4	Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
5	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	Mgmt	Yes	For	For
6	Authorize Repurchase of Up to Ten Percent of Issued Share Capital	Mgmt	Yes	For	For
7	Authorize Reissuance of Repurchased Shares	Mgmt	Yes	For	For

Page 34 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	50,323,000	50,323,000
		Totals:	50,323,000	50,323,000

CNOOC Ltd.	Meeting Date
	20-May-10
Ticker: N/A

CUSIP: Y1662W117

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1a	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
1b	Approve Final Dividend	Mgmt	Yes	For	For
1c1	Reelect Tse Hau Yin, Aloysius as Independent Non-Executive Director	Mgmt	Yes	For	For
1c2	Reelect Zhou Shouwei as Non-Executive Director	Mgmt	Yes	For	For
1c3	Reelect Yang Hua as Executive Director	Mgmt	Yes	For	For
1c4	Authorize Board Of Directors to Fix Remuneration of Directors	Mgmt	Yes	For	For
1d	Reelect Chiu Sung Hong as Independent Non-Executive Director and Authorize Board to Fix His Remuneration	Mgmt	Yes	For	For
1e	Re-appoint Auditors and Authorise The Board to Fix Remuneration	Mgmt	Yes	For	For
2a	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	Mgmt	Yes	For	For
2b	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	Mgmt	Yes	For	For
2c	Authorize Reissuance of Repurchased Shares	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	135,653,000	135,653,000
		Totals:	135,653,000

Banco Santander Brasil SA	Meeting Date
	21-May-10
Ticker: N/A

CUSIP: P1505Z137

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Alter Dividend Payment Date	Mgmt	Yes	For	For
2	Amend Article 31	Mgmt	Yes	For	For

Page 35 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	15,596,400	15,596,400
		Totals:	15,596,400	15,596,400

Hengan International Group Co. Ltd.	Meeting Date
	24-May-10
Ticker: N/A

CUSIP: G4402L128

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Declare Final Dividend	Mgmt	Yes	For	For
3a	Reelect Sze Man Bok as Director	Mgmt	Yes	For	For
3b	Reelect Hung Ching Shan as Director	Mgmt	Yes	For	For
3c	Reelect Loo Hong Shing Vincent as Director	Mgmt	Yes	For	For
3d	Reelect Wang Ming Fu as Director	Mgmt	Yes	For	For
3e	Authorize Board to Fix Remuneration of Directors	Mgmt	Yes	For	For
4	Reappoint Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
5	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	Mgmt	Yes	For	For
6	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	Mgmt	Yes	For	For
7	Authorize Reissuance of Repurchased Shares	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	21,026,400	21,026,400
		Totals:	21,026,400	21,026,400

Amazon.com, Inc.	Meeting Date
	25-May-10
Ticker: AMZN

CUSIP: 023135106

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Jeffrey P. Bezos	Mgmt	Yes	For	For
2	Elect Director Tom A. Alberg	Mgmt	Yes	For	For
3	Elect Director John Seely Brown	Mgmt	Yes	For	For
4	Elect Director William B. Gordon	Mgmt	Yes	For	For
5	Elect Director Alain Monie	Mgmt	Yes	For	For

Page 36 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

6	Elect Director Thomas O. Ryder	Mgmt	Yes	For	For
7	Elect Director Patricia Q. Stonesifer	Mgmt	Yes	For	For
8	Ratify Auditors	Mgmt	Yes	For	For
9	Report on Political Contributions	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	405,000	405,000
		Totals:	405,000	405,000

China Telecom Corporation Ltd	Meeting Date
	25-May-10
Ticker: N/A

CUSIP: Y1505D102

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Approve Profit Distribution Proposal and Final Dividend for the Year Ended December 31, 2009	Mgmt	Yes	For	For
3	Reappoint KPMG and KPMG Huazhen as International and Domestic Auditors, Respectively, and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
4a	Approve Issuance of Debentures	Mgmt	Yes	For	For
4b	Authorize Board to Determine Specific Terms, Conditions and Other Matters of the Debentures	Mgmt	Yes	For	For
5a	Approve Issuance of Bonds in One or More Tranches Not Exceeding RMB 30 Billion	Mgmt	Yes	For	For
5b	Authorize Board to Determine Specific Terms, Conditions and Other Matters of the Company Bonds	Mgmt	Yes	For	For
6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	Mgmt	Yes	For	For
7	Authorize Board to Increase the Registered Capital of the Company and Amend the Articles of Association to Reflect Such Increase	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	44,590,000	44,590,000
		Totals:	44,590,000	44,590,000

Page 37 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Annaly Capital Management Inc.	Meeting Date
	27-May-10
Ticker: N/A

CUSIP: 035710409

1.1	Elect Director Kevin P. Brady	Mgmt	Yes	For	For
1.2	Elect Director E. Wayne Nordberg	Mgmt	Yes	For	For
2	Approve Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Sent	21,642,866	21,642,866
		Totals:	21,642,866	21,642,866

China Resources Land Ltd. (frmrly. China Resources Beijing L	Meeting Date
	01-Jun-10
Ticker: N/A

CUSIP: G2108Y105

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Approve Final Dividend	Mgmt	Yes	For	For
3a	Reelect Wu Xiangdong as Director	Mgmt	Yes	For	For
3b	Reelect Jiang Wei as Director	Mgmt	Yes	For	Against
3c	Reelect Li Fuzuo as Director	Mgmt	Yes	For	For
3d	Reelect Du Wenmin as Director	Mgmt	Yes	For	For
3e	Reelect Wang Shi as Director	Mgmt	Yes	For	Against
3f	Reelect Ma Si Hang Frederick as Director	Mgmt	Yes	For	For
3g	Authorize the Board to Fix Remuneration of Directors	Mgmt	Yes	For	For
4	Reappoint Auditors and Authorize the Board to Fix Their Remuneration	Mgmt	Yes	For	For
5	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	Mgmt	Yes	For	For
6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	Mgmt	Yes	For	For
7	Authorize Reissuance of Repurchased Shares	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	100,306,000	100,306,000
		Totals:	100,306,000

Page 38 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Cognizant Technology Solutions Corporation	Meeting Date
	01-Jun-10
Ticker: CTSH

CUSIP: 192446102

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director John E. Klein	Mgmt	Yes	For	For
2	Elect Director Lakshmi Narayanan	Mgmt	Yes	For	For
3	Elect Director Maureen Breakiron-Evans	Mgmt	Yes	For	For
4	Amend Qualified Employee Stock Purchase Plan	Mgmt	Yes	For	For
5	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	2,649,700	2,649,700
		Totals:	2,649,700	2,649,700

First Solar, Inc.	Meeting Date
	01-Jun-10
Ticker: FSLR

CUSIP: 336433107

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Michael J. Ahearn	Mgmt	Yes	For	For
1.2	Elect Director Robert J. Gillette	Mgmt	Yes	For	For
1.3	Elect Director Craig Kennedy	Mgmt	Yes	For	For
1.4	Elect Director James F. Nolan	Mgmt	Yes	For	For
1.5	Elect Director William J. Post	Mgmt	Yes	For	For
1.6	Elect Director J. Thomas Presby	Mgmt	Yes	For	For
1.7	Elect Director Paul H. Stebbins	Mgmt	Yes	For	For
1.8	Elect Director Michael Sweeney	Mgmt	Yes	For	For
1.9	Elect Director Jose H. Villarreal	Mgmt	Yes	For	For
2	Approve Omnibus Stock Plan	Mgmt	Yes	For	Against
3	Approve Qualified Employee Stock Purchase Plan	Mgmt	Yes	For	For
4	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Sent	383,100	383,100
		Totals:	383,100	383,100

Page 39 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

China Life Insurance Co. Limited	Meeting Date
	04-Jun-10
Ticker: N/A

CUSIP: Y1477R204

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Approve Report of the Board of Directors	Mgmt	Yes	For	For
2	Approve Report of the Supervisory Committee	Mgmt	Yes	For	For
3	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
4	Approve Profit Distribution and Cash Dividend Distribution Plan for 2009	Mgmt	Yes	For	For
5	Reappoint PricewaterhouseCoopers Zhong Tian Certified Public Accountants Limited Company and PricewaterhouseCoopers as PRC and International Auditors, Respectively, and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
6	Elect Anthony Francis Neoh as Independent Non-Executive Director	Mgmt	Yes	For	For
7	Approve Renewal of Liability Insurance for Directors and Senior Management Officers	Mgmt	Yes	For	Against
8	Amend Articles of Association	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	123,168,100	123,168,100
		Totals:	123,168,100

Prudential plc	Meeting Date
	07-Jun-10
Ticker: N/A

CUSIP: G72899100

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Approve Remuneration Report	Mgmt	Yes	For	For
3	Re-elect Michael Garrett as Director	Mgmt	Yes	For	Against
4	Re-elect Bridget Macaskill as Director	Mgmt	Yes	For	For
5	Re-elect Clark Manning as Director	Mgmt	Yes	For	For
6	Re-elect Barry Stowe as Director	Mgmt	Yes	For	For
7	Elect Nic Nicandrou as Director	Mgmt	Yes	For	For
8	Elect Rob Devey as Director	Mgmt	Yes	For	For
9	Reappoint KPMG Audit plc as Auditors	Mgmt	Yes	For	For
10	Authorise Board to Fix Remuneration of Auditors	Mgmt	Yes	For	For
11	Approve Final Dividend	Mgmt	Yes	For	For
12	Authorise EU Political Donations and Expenditure	Mgmt	Yes	For	For
13	Authorise Issue of Equity with Pre-emptive Rights	Mgmt	Yes	For	Against
14	Authorise Issue of Equity with Pre-emptive Rights	Mgmt	Yes	For	Against
15	Authorise Issue of Equity without Pre-emptive Rights	Mgmt	Yes	For	For
16	Authorise Market Purchase	Mgmt	Yes	For	For
17	Authorise the Company to Call EGM with Two Weeks’ Notice	Mgmt	Yes	For	For

Page 40 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	5,385,527	5,385,527
		Totals:	5,385,527	5,385,527

Prudential plc	Meeting Date
	07-Jun-10
Ticker: N/A

CUSIP: G72899100

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Establish Prudential Group plc as the New Ultimate Holding Company of the Prudential Group	Mgmt	Yes	For	For
2	Authorise Issue of Equity with Pre-emptive Rights	Mgmt	Yes	For	Against
3	Approve Performance Share Plan, Business Unit Performance Plans and M&G Executive Long Term Incentive Plan 2010	Mgmt	Yes	For	For
4	Approve UK Savings-Related Share Option Scheme, Irish SAYE Scheme, International Employees SAYE Scheme, International (Non-Employees) SAYE Scheme, Share Incentive Plan, Europe Share Participation Plan, Share Option Plan and Momentum Retention Plan	Mgmt	Yes	For	For
5	Authorise Establishment of Additional Employee Share Schemes for the Benefit of Overseas Employees	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	5,385,527	5,385,527
		Totals:	5,385,527	5,385,527

Prudential plc	Meeting Date
	07-Jun-10
Ticker: N/A

CUSIP: G72899100

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Court Meeting	Mgmt	No
1	Approve Scheme of Arrangement	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	5,385,527	5,385,527
		Totals:	5,385,527	5,385,527

Page 41 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

China Overseas Land & Investment Ltd.	Meeting Date
	09-Jun-10
Ticker: N/A

CUSIP: Y15004107

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2a	Reelect Kong Quingping as Director	Mgmt	Yes	For	For
2b	Reelect Xiao Xiao as Director	Mgmt	Yes	For	For
2c	Reelect Dong Daping as Director	Mgmt	Yes	For	For
2d	Reelect Nip Yun Wing as Director	Mgmt	Yes	For	For
2e	Reelect Lin Xiaofeng as Director	Mgmt	Yes	For	Against
2f	Reelect Lam Kwong Siu as Director	Mgmt	Yes	For	For
2g	Reelect Wong Ying Ho, Kennedy as Director	Mgmt	Yes	For	For
3	Authorize the Board to Fix Remuneration of Directors	Mgmt	Yes	For	For
4	Approve Final Dividend of HK$0.13 Per Share	Mgmt	Yes	For	For
5	Reappoint Deloitte Touche Tohmatsu as Auditors and Authorize the Board to Fix Their Remuneration	Mgmt	Yes	For	For
6	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	Mgmt	Yes	For	For
7	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	Mgmt	Yes	For	For
8	Authorize Reissuance of Repurchased Shares	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	71,602,000	71,602,000
		Totals:	71,602,000	71,602,000

China Overseas Land & Investment Ltd.	Meeting Date
	09-Jun-10
Ticker: N/A

CUSIP: Y15004107

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Approve Connected Transaction with a Related Party and New Caps	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	71,602,000	71,602,000
		Totals:	71,602,000	71,602,000

Page 42 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Freeport-McMoRan Copper & Gold Inc.	Meeting Date
	09-Jun-10
Ticker: FCX

CUSIP: 35671D857

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Richard C. Adkerson	Mgmt	Yes	For	For
1.2	Elect Director Robert J. Allison, Jr.	Mgmt	Yes	For	For
1.3	Elect Director Robert A. Day	Mgmt	Yes	For	For
1.4	Elect Director Gerald J. Ford	Mgmt	Yes	For	For
1.5	Elect Director H. Devon Graham, Jr.	Mgmt	Yes	For	For
1.6	Elect Director Charles C. Krulak	Mgmt	Yes	For	For
1.7	Elect Director Bobby Lee Lackey	Mgmt	Yes	For	For
1.8	Elect Director Jon C. Madonna	Mgmt	Yes	For	For
1.9	Elect Director Dustan E. McCoy	Mgmt	Yes	For	For
1.10	Elect Director James R. Moffett	Mgmt	Yes	For	For
1.11	Elect Director B.M. Rankin, Jr.	Mgmt	Yes	For	For
1.12	Elect Director Stephen H. Siegele	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
4	Request Director Nominee with Environmental Qualifications	SH	Yes	Against	Against
5	Stock Retention/Holding Period	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Sent	2,333,800	2,333,800
		Totals:	2,333,800	2,333,800

Wynn Macau Ltd.	Meeting Date
	10-Jun-10
Ticker: N/A

CUSIP: G98149100

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2a	Reelect Ian Michael Coughlan as Executive Director	Mgmt	Yes	For	For
2b	Reelect Marc D. Schorr as Non-Executive Director	Mgmt	Yes	For	For
2c	Reelect Jeffrey Kin-fung Lam as Independent Non-Executive Director	Mgmt	Yes	For	For
2d	Authorize Board to Fix Remuneration of Directors	Mgmt	Yes	For	For

Page 43 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

3	Reappoint Ernst & Young as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
4	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	Mgmt	Yes	For	For
5	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	Mgmt	Yes	For	For
6	Authorize Reissuance of Repurchased Shares	Mgmt	Yes	For	For
7	Approve Refreshment of Mandate Limit Under Share Option Scheme	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	131,200,400	131,200,400
		Totals:	131,200,400

Infosys Technologies Ltd	Meeting Date
	12-Jun-10
Ticker: N/A

CUSIP: Y4082C133

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Meeting for GDR Holders	Mgmt	No
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Approve Final Dividend of INR 15 Per Share	Mgmt	Yes	For	For
3	Reappoint N.R.N. Murthy as Director	Mgmt	Yes	For	For
4	Reappoint M.G. Subrahmanyam as Director	Mgmt	Yes	For	For
5	Reappoint S. Gopalakrishnan as Director	Mgmt	Yes	For	For
6	Reappoint S.D. Shibulal as Director	Mgmt	Yes	For	For
7	Reappoint T.V.M. Pai as Director	Mgmt	Yes	For	For
8	Approve B.S.R. & Co. as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
9	Approve Reappointment and Remuneration of T.V M. Pai as Executive Director	Mgmt	Yes	For	For
10	Approve Reappointment and Remuneration of S. Batni as Executive Director	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	115973.1	Confirmed	2,236,400	2,236,400
		Totals:	2,236,400	2,236,400

Page 44 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

MediaTek Inc.	Meeting Date
	15-Jun-10
Ticker: N/A

CUSIP: Y5945U103

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Approve 2009 Business Operations Report and Financial Statements	Mgmt	Yes	For	For
2	Approve 2009 Allocation of Income and Dividends	Mgmt	Yes	For	For
3	Approve Capitalization of 2009 Dividends and Employee Profit Sharing	Mgmt	Yes	For	For
4	Amend Articles of Association	Mgmt	Yes	For	For
5	Approve to Amend Rules and Procedures Regarding Shareholder’s General Meeting	Mgmt	Yes	For	For
6	Transact Other Business	Mgmt	No

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	35,533,192	35,533,192
		Totals:	35,533,192	35,533,192

Taiwan Semiconductor Manufacturing Co., Ltd.	Meeting Date
	15-Jun-10
Ticker: N/A

CUSIP: Y84629107

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Approve 2009 Business Operations Report and Financial Statements	Mgmt	Yes	For	For
2	Approve 2009 Allocation of Income and Dividends	Mgmt	Yes	For	For
3	Amend Articles of Association	Mgmt	Yes	For	For
4	Amend Operating Procedures for Derivatives Transactions	Mgmt	Yes	For	For
5	Transact Other Business	Mgmt	No

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	282,567,804	282,567,804
		Totals:	282,567,804

REDECARD SA	Meeting Date
	16-Jun-10
Ticker: N/A

CUSIP: P79941103

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Directors	Mgmt	Yes	For	For

Page 45 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	14,120,200	14,120,200
		Totals:	14,120,200	14,120,200

China Shenhua Energy Co., Ltd.	Meeting Date
	18-Jun-10
Ticker: N/A

CUSIP: Y1504C113

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Report of the Board of Directors	Mgmt	Yes	For	For
2	Accept Report of the Board of Supervisors	Mgmt	Yes	For	For
3	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
4	Approve Profit Distribution Plan and Final Dividend of RMB 0.53 Per Share	Mgmt	Yes	For	For
5	Approve Remuneration of Directors and Supervisors	Mgmt	Yes	For	For
6	Reappoint KPMG Huazhen and KPMG as PRC and International Auditors, Respectively, and Authorize the Board to Fix Their Remuneration	Mgmt	Yes	For	For
7	Approve Revised Annual Cap of the Continuing Connected Transactions under the Transportation Service Framework Agreement with Taiyuan Railway Bureau	Mgmt	Yes	For	For
8	Approve Revised Annual Cap of the Continuing Connected Transactions under the Mutual Coal Supply Agreement with Shenhua Group Corporation Limited	Mgmt	Yes	For	For
9	Approve Mutual Coal Supply Agreement with Shenhua Group Corporation Limited and Annual Caps	Mgmt	Yes	For	For
10	Approve Mutual Supplies and Services Agreement with Shenhua Group Corporation Limited and Annual Caps	Mgmt	Yes	For	For
11	Approve Coal Supply Framework Agreement with China Datang Corporation and Annual Caps	Mgmt	Yes	For	For
12	Approve Coal Supply Framework Agreement with Tianjin Jinneng Investment Company and Annual Caps	Mgmt	Yes	For	For
13	Approve Coal Supply Framework Agreement with Jiangsu Guoxin Asset Management Group Company Limited and Annual Caps	Mgmt	Yes	For	For
14	Approve Transportation Service Framework Agreement with Taiyuan Railway Bureau and Annual Caps	Mgmt	Yes	For	For
15	Approve Coal Supply Framework Agreement with Shaanxi Province Coal Transportation and Sales (Group) Co Ltd and Annual Caps	Mgmt	Yes	For	For
16a	Reelect Zhang Xiwu as Executive Director	Mgmt	Yes	For	For
16b	Reelect Zhang Yuzhuo as Executive Director	Mgmt	Yes	For	For
16c	Reelect Ling Wen as Executive Director	Mgmt	Yes	For	For
16d	Reelect Han Jianguo as Non-Executive Director	Mgmt	Yes	For	For
16e	Reelect Liu Benrun as Non-Executive Director	Mgmt	Yes	For	For

Page 46 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

16f	Reelect Xie Songlin as Non-Executive Director	Mgmt	Yes	For	For
16g	Reelect Gong Huazhang as Independent Non-Executive Director	Mgmt	Yes	For	For
16h	Reelect Guo Peizhang as Independent Non-Executive Director	Mgmt	Yes	For	For
16i	Reelect Fan Hsu Lai Tai as Independent Non-Executive Director	Mgmt	Yes	For	For
17a	Elect Sun Wenjian as Shareholders' Representative Supervisor	Mgmt	Yes	For	For
17b	Elect Tang Ning as Shareholders' Representative Supervisor	Mgmt	Yes	For	For
18	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	Mgmt	Yes	For	For
19	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	51,808,500	51,808,500
		Totals:	51,808,500	51,808,500

China Shenhua Energy Co., Ltd.	Meeting Date
	18-Jun-10
Ticker: N/A

CUSIP: Y1504C113

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Class Meeting for H Shareholders	Mgmt	No
	Special Business	Mgmt	No
1	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	51,808,500	51,808,500
		Totals:	51,808,500	51,808,500

Sands China Ltd.	Meeting Date
	19-Jun-10
Ticker: N/A

CUSIP: G7800X107

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2a	Reelect Sheldon Gary Adelson as Non-Executive Director	Mgmt	Yes	For	For
2b	Reelect Steven Craig as Executive Director	Mgmt	Yes	For	For
2c	Authorize Board to Fix the Remuneration of Directors	Mgmt	Yes	For	For

Page 47 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

3	Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
4	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	Mgmt	Yes	For	For
5	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	Mgmt	Yes	For	For
6	Authorize Reissuance of Repurchased Shares	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	444,985,217	444,985,217
		Totals:	444,985,217

ICICI Bank Limited	Meeting Date
	21-Jun-10
Ticker: N/A

CUSIP: Y38575109

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Approve Scheme of Amalgamation of The Bank of Rajasthan Ltd. with ICICI Bank Ltd.	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	12,646,088	12,646,088
		Totals:	12,646,088	12,646,088

Komatsu Ltd.	Meeting Date
	23-Jun-10
Ticker: N/A

CUSIP: J35759125

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Approve Allocation of Income, with a Final Dividend of JPY 8	Mgmt	Yes	For	For
2.1	Elect Director Masahiro Sakane	Mgmt	Yes	For	For
2.2	Elect Director Kunio Noji	Mgmt	Yes	For	For
2.3	Elect Director Yoshinori Komamura	Mgmt	Yes	For	For
2.4	Elect Director Yasuo Suzuki	Mgmt	Yes	For	For
2.5	Elect Director Kenji Kinoshita	Mgmt	Yes	For	For
2.6	Elect Director Masao Fuchigami	Mgmt	Yes	For	For
2.7	Elect Director Tetsuji Ohhashi	Mgmt	Yes	For	For
2.8	Elect Director Kensuke Hotta	Mgmt	Yes	For	For
2.9	Elect Director Noriaki Kanou	Mgmt	Yes	For	For

Page 48 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

2.10	Elect Director Kouichi Ikeda	Mgmt	Yes	For	For
3	Appoint Statutory Auditor Makoto Okitsu	Mgmt	Yes	For	For
4	Approve Annual Bonus Payment to Directors	Mgmt	Yes	For	For
5	Approve Deep Discount Stock Option Plan for Directors	Mgmt	Yes	For	Against
6	Approve Deep Discount Stock Option Plan	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	20,661,100	20,661,100
		Totals:	20,661,100	20,661,100

Renhe Commercial Holdings Company Ltd.	Meeting Date
	23-Jun-10
Ticker: N/A

CUSIP: G75004104

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports (Voting)	Mgmt	Yes	For	For
2	Approve Dividends	Mgmt	Yes	For	For
3a	Reelect Dai Yongge as Director	Mgmt	Yes	For	Against
3b	Reelect Lin Zijing as Director	Mgmt	Yes	For	For
3c	Reelect Jiang Mei as Director	Mgmt	Yes	For	Against
3d	Reelect Zhang Xingmei as Director	Mgmt	Yes	For	Against
3e	Reelect Ho Gilbert Chi Hang as Director	Mgmt	Yes	For	For
3f	Reelect Wang Shengli as Director	Mgmt	Yes	For	For
4	Approve Remuneration of Directors	Mgmt	Yes	For	For
5	Reappoint KPMG as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights	Mgmt	Yes	For	For
7	Authorize Share Repurchase Program	Mgmt	Yes	For	For
8	Authorize Reissuance of Repurchased Shares	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	665,978,000	665,978,000
		Totals:	665,978,000

Page 49 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Mitsubishi Corp.	Meeting Date
	24-Jun-10
Ticker: 8058

CUSIP: J43830116

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Approve Allocation of Income, with a Final Dividend of JPY 21	Mgmt	Yes	For	For
2.1	Elect Director Yorihiko Kojima	Mgmt	Yes	For	For
2.2	Elect Director Ken Kobayashi	Mgmt	Yes	For	For
2.3	Elect Director Ryouichi Ueda	Mgmt	Yes	For	For
2.4	Elect Director Masahide Yano	Mgmt	Yes	For	For
2.5	Elect Director Hideyuki Nabeshima	Mgmt	Yes	For	For
2.6	Elect Director Hideto Nakahara	Mgmt	Yes	For	For
2.7	Elect Director Tsuneo Iyobe	Mgmt	Yes	For	For
2.8	Elect Director Kiyoshi Fujimura	Mgmt	Yes	For	For
2.9	Elect Director Yasuo Nagai	Mgmt	Yes	For	For
2.10	Elect Director Mikio Sasaki	Mgmt	Yes	For	For
2.11	Elect Director Tamotsu Nomakuchi	Mgmt	Yes	For	Against
2.12	Elect Director Kunio Itou	Mgmt	Yes	For	For
2.13	Elect Director Kazuo Tsukuda	Mgmt	Yes	For	Against
2.14	Elect Director Ryouzou Katou	Mgmt	Yes	For	For
2.15	Elect Director Hidehiro konno	Mgmt	Yes	For	For
3	Appoint Statutory Auditor Yukio Ueno	Mgmt	Yes	For	For
4	Approve Annual Bonus Payment to Directors	Mgmt	Yes	For	For
5	Set Amounts for Retirement Bonus Reserve Funds for Directors	Mgmt	Yes	For	For
6	Approve Deep Discount Stock Option Plan and Adjustment to Aggregate Compensation Ceiling for Directors	Mgmt	Yes	For	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	12,479,000	12,479,000
		Totals:	12,479,000	12,479,000

ICICI Bank Limited	Meeting Date
	28-Jun-10
Ticker: N/A

CUSIP: Y38575109

Voting Policy: Waddell & Reed		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Approve Dividend on Preference Shares of INR 100 Per Share	Mgmt	Yes	For	For
3	Approve Dividend on Equity Share of INR 12 Per Share	Mgmt	Yes	For	For
4	Reappoint K.V. Kamath as Director	Mgmt	Yes	For	For
5	Reappoint S. Iyengar as Director	Mgmt	Yes	For	For

Page 50 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

6	Approve S.R. Batliboi & Co. as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
7	Appoint Branch Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
8	Appoint H. Khusrokhan as Director	Mgmt	Yes	For	For
9	Appoint V. Sridar as Director	Mgmt	Yes	For	For
10	Appoint T. Shah as Director	Mgmt	Yes	For	For
11	Approve Vacancy on the Board Resulting from the Retirement of N. Murkumbi as Director	Mgmt	Yes	For	For
12	Approve Revision in House Rent Allowance of C.D. Kochhar, Managing Director and CEO	Mgmt	Yes	For	For
13	Approve Revision in House Rent Allowance of S. Bakhshi, Deputy Managing Director	Mgmt	Yes	For	For
14	Approve Revision in House Rent Allowance of N.S. Kannan, Executive Director and CFO	Mgmt	Yes	For	For
15	Approve Revision in House Rent Allowance of K. Ramkumar, Executive Director	Mgmt	Yes	For	For
16	Approve Revision in House Rent Allowance of S. Chatterjee, Executive Director	Mgmt	Yes	For	For
17	Appoint R. Sabharwal as Director	Mgmt	Yes	For	For
18	Approve Appointment and Remuneration of R. Sabharwal as Executive Director	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	12,646,088	12,646,088
		Totals:	12,646,088	12,646,088

HDFC Bank Limited	Meeting Date
	30-Jun-10
Ticker: N/A

CUSIP: Y3119P117

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

Page 51 of 52

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s):6 Ivy Asset Strategy Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
6 Ivy Asset Strategy Fund, 6	610591653	Confirmed	521,600	521,600
		Totals:	521,600	521,600

Page 52 of 52

IVY ASSET STRATEGY NEW OPPORTUNITIES FUND

Proxy Voting Record

There was no proxy voting for Ivy Asset Strategy New Opportunities Fund, a series of the Registrant, for the period covered by this report, pursuant to Section 30 of the Investment Company Act of 1940, as amended, and Rule 30b1-4 thereunder.

IVY BALANCED FUND

Proxy Voting Record

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

Microchip Technology Incorporated	Meeting Date
	14-Aug-09
Ticker: MCHP
CUSIP: 595017104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Steve Sanghi	Mgmt	Yes	For	For
1.2	Elect Director Albert J. Hugo-martinez	Mgmt	Yes	For	For
1.3	Elect Director L.b. Day	Mgmt	Yes	For	For
1.4	Elect Director Matthew W. Chapman	Mgmt	Yes	For	For
1.5	Elect Director Wade F. Meyercord	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	176,200	176,200
		Totals:	176,200	176,200

Nike, Inc.	Meeting Date
	21-Sep-09
Ticker: NKE
CUSIP: 654106103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Jill K. Conway	Mgmt	Yes	For	For
1.2	Elect Director Alan B. Graf, Jr.	Mgmt	Yes	For	For
1.3	Elect Director John C. Lechleiter	Mgmt	Yes	For	For
2	Amend Qualified Employee Stock Purchase Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	36,000	36,000
		Totals:	36,000	36,000

Page 1 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

Paychex, Inc.	Meeting Date
	13-Oct-09
Ticker: PAYX
CUSIP: 704326107

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director B. Thomas Golisano	Mgmt	Yes	For	For
2	Elect Director David J.S. Flaschen	Mgmt	Yes	For	For
3	Elect Director Grant M. Inman	Mgmt	Yes	For	For
4	Elect Director Pamela A. Joseph	Mgmt	Yes	For	For
5	Elect Director Jonathan J. Judge	Mgmt	Yes	For	For
6	Elect Director Joseph M. Tucci	Mgmt	Yes	For	For
7	Elect Director Joseph M. Velli	Mgmt	Yes	For	For
8	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	21,400	21,400
		Totals:	21,400	21,400

Cisco Systems, Inc.	Meeting Date
	12-Nov-09
Ticker: CSCO
CUSIP: 17275R102

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Carol A. Bartz	Mgmt	Yes	For	For
2	Elect Director M. Michele Burns	Mgmt	Yes	For	For
3	Elect Director Michael D. Capellas	Mgmt	Yes	For	For
4	Elect Director Larry R. Carter	Mgmt	Yes	For	For
5	Elect Director John T. Chambers	Mgmt	Yes	For	For
6	Elect Director Brian L. Halla	Mgmt	Yes	For	For
7	Elect Director John L. Hennessy	Mgmt	Yes	For	For
8	Elect Director Richard M. Kovacevich	Mgmt	Yes	For	For
9	Elect Director Roderick C. McGeary	Mgmt	Yes	For	For
10	Elect Director Michael K. Powell	Mgmt	Yes	For	For
11	Elect Director Arun Sarin	Mgmt	Yes	For	For
12	Elect Director Steven M. West	Mgmt	Yes	For	For
13	Elect Director Jerry Yang	Mgmt	Yes	For	For
14	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
15	Amend Qualified Employee Stock Purchase Plan	Mgmt	Yes	For	For
16	Ratify Auditors	Mgmt	Yes	For	For
17	Amend Bylaws to Establish a Board Committee on Human Rights	SH	Yes	Against	Against
18	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
19	Report on Internet Fragmentation	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	176,500	176,500
		Totals:	176,500	176,500

Page 2 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

The Estee Lauder Companies Inc.	Meeting Date
	13-Nov-09
Ticker: EL
CUSIP: 518439104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Rose Marie Bravo	Mgmt	Yes	For	For
1.2	Elect Director Paul J. Fribourg	Mgmt	Yes	For	For
1.3	Elect Director Mellody Hobson	Mgmt	Yes	For	For
1.4	Elect Director Irvine O. Hockaday, Jr.	Mgmt	Yes	For	For
1.5	Elect Director Barry S. Sternlicht	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	40,700	40,700
		Totals:	40,700	40,700

Microsoft Corporation	Meeting Date
	19-Nov-09
Ticker: MSFT
CUSIP: 594918104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director William H. Gates, III	Mgmt	Yes	For	For
2	Elect Director Steven A. Ballmer	Mgmt	Yes	For	For
3	Elect Director Dina Dublon	Mgmt	Yes	For	For
4	Elect Director Raymond V. Gilmartin	Mgmt	Yes	For	For
5	Elect Director Reed Hastings	Mgmt	Yes	For	For
6	Elect Director Maria Klawe	Mgmt	Yes	For	For
7	Elect Director David F. Marquardt	Mgmt	Yes	For	For
8	Elect Director Charles H. Noski	Mgmt	Yes	For	For
9	Elect Director Helmut Panke	Mgmt	Yes	For	For
10	Ratify Auditors	Mgmt	Yes	For	For

Page 3 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

11	Permit Right to Call Special Meeting	Mgmt	Yes	For	For
12	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For
13	Adopt Principles for Health Care Reform	SH	Yes	Against	Against
14	Report on Charitable Contributions	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	86,758	86,758
		Totals:	86,758	86,758

Berkshire Hathaway Inc.	Meeting Date
	20-Jan-10
Ticker: BRK.A
CUSIP: 084670108

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Approve Stock Split	Mgmt	Yes	For	For
2	Approve Split of Class B Stock Without Splitting Class A Stock	Mgmt	Yes	For	For
3	Adjust Par Value of Common Stock	Mgmt	Yes	For	For
4	Increase Authorized Common Stock	Mgmt	Yes	For	For
5	Remove Requirement of Issuing Physical Stock Certificates for Class B Stock Upon Conversion of Class A Stock	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	829	829
		Totals:	829	829

Emerson Electric Co.	Meeting Date
	02-Feb-10
Ticker: EMR
CUSIP: 291011104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director C. A. H. Boersig	Mgmt	Yes	For	For
1.2	Elect Director C. Fernandez G.	Mgmt	Yes	For	For
1.3	Elect Director W. J. Galvin	Mgmt	Yes	For	For
1.4	Elect Director R. L. Stephenson	Mgmt	Yes	For	For
1.5	Elect Director V. R. Loucks, Jr.	Mgmt	Yes	For	For
1.6	Elect Director R. L. Ridgway	Mgmt	Yes	For	For
2	Amend Executive Incentive Bonus Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Sent	86,200	86,200
		Totals:	86,200	86,200

Page 4 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

Bank of America Corp.	Meeting Date
	23-Feb-10
Ticker: BAC
CUSIP: 060505104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Increase Authorized Common Stock	Mgmt	Yes	For	For
2	Adjourn Meeting	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	155,300	155,300
		Totals:	155,300	155,300

Apple Inc.	Meeting Date
	25-Feb-10
Ticker: AAPL
CUSIP: 037833100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director William V. Campbell	Mgmt	Yes	For	For
1.2	Elect Director Millard S. Drexler	Mgmt	Yes	For	For
1.3	Elect Director Albert A. Gore, Jr.	Mgmt	Yes	For	For
1.4	Elect Director Steven P. Jobs	Mgmt	Yes	For	For
1.5	Elect Director Andrea Jung	Mgmt	Yes	For	For
1.6	Elect Director Arthur D. Levinson	Mgmt	Yes	For	For
1.7	Elect Director Jerome B. York	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Amend Non-Employee Director Omnibus Stock Plan	Mgmt	Yes	For	For
4	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For
5	Ratify Auditors	Mgmt	Yes	For	For
6	Prepare Sustainability Report	SH	Yes	Against	Against
7	Establish Other Board Committee	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Sent	21,100	21,100
		Totals:	21,100	21,100

Page 5 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

QUALCOMM Incorporated	Meeting Date
	02-Mar-10
Ticker: QCOM
CUSIP: 747525103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Barbara T. Alexander	Mgmt	Yes	For	For
1.2	Elect Director Stephen M. Bennett	Mgmt	Yes	For	For
1.3	Elect Director Donald G. Cruickshank	Mgmt	Yes	For	For
1.4	Elect Director Raymond V. Dittamore	Mgmt	Yes	For	For
1.5	Elect Director Thomas W. Horton	Mgmt	Yes	For	For
1.6	Elect Director Irwin Mark Jacobs	Mgmt	Yes	For	For
1.7	Elect Director Paul E. Jacobs	Mgmt	Yes	For	For
1.8	Elect Director Robert E. Kahn	Mgmt	Yes	For	For
1.9	Elect Director Sherry Lansing	Mgmt	Yes	For	For
1.10	Elect Director Duane A. Nelles	Mgmt	Yes	For	For
1.11	Elect Director Brent Scowcroft	Mgmt	Yes	For	For
1.12	Elect Director Marc I. Stern	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Sent	52,900	52,900
		Totals:	52,900	52,900

Hewlett-Packard Company	Meeting Date
	17-Mar-10
Ticker: HPQ
CUSIP: 428236103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Marc L. Andreessen	Mgmt	Yes	For	For
1.2	Elect Director Lawrence T. Babbio, Jr.	Mgmt	Yes	For	For
1.3	Elect Director Sari M. Baldauf	Mgmt	Yes	For	For

Page 6 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

1.4	Elect Director Rajiv L. Gupta	Mgmt	Yes	For	For
1.5	Elect Director John H. Hammergren	Mgmt	Yes	For	For
1.6	Elect Director Mark V. Hurd	Mgmt	Yes	For	For
1.7	Elect Director Joel Z. Hyatt	Mgmt	Yes	For	For
1.8	Elect Director John R. Joyce	Mgmt	Yes	For	For
1.9	Elect Director Robert L. Ryan	Mgmt	Yes	For	For
1.10	Elect Director Lucille S. Salhany	Mgmt	Yes	For	For
1.11	Elect Director G. Kennedy Thompson	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
4	Company Request on Advisory Vote on Executive Compensation	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	71,700	71,700
		Totals:	71,700	71,700

ASML Holding NV	Meeting Date
	24-Mar-10
Ticker: N/A
CUSIP: N07059178

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Annual Meeting	Mgmt	No
1	Open Meeting	Mgmt	No
2	Discuss the Company’s Business and Financial Situation	Mgmt	No
3	Approve Financial Statements and Statutory Reports	Mgmt	Yes	For	Do Not Vote
4	Approve Discharge of Management Board	Mgmt	Yes	For	Do Not Vote
5	Approve Discharge of Supervisory Board	Mgmt	Yes	For	Do Not Vote
6	Receive Explanation on Company’s Reserves and Dividend Policy	Mgmt	No
7	Approve Dividends of EUR 0.20 Per Share	Mgmt	Yes	For	Do Not Vote
8.a	Discuss Remuneration Report	Mgmt	No
8.b	Approve Remuneration Report Containing Remuneration Policy for Management Board Members	Mgmt	Yes	For	Do Not Vote
9.a	Approve Performance Share Arrangement According to Remuneration Policy 2010	Mgmt	Yes	For	Do Not Vote
9.b	Approve Performance Share Grant According to Remuneration Policy 2008	Mgmt	Yes	For	Do Not Vote
9.c	Approve Performance Stock Option Grants	Mgmt	Yes	For	Do Not Vote

Page 7 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

10	Approve the Numbers of Stock Options, Respectively Shares for Employees	Mgmt	Yes	For	Do Not Vote
11	Notification of the Intended Election of F. Schneider-Manoury to the Management Board	Mgmt	No
12	Discussion of Supervisory Board Profile	Mgmt	No
13	Notification of the Retirement of W.T. Siegle and J.W.B. Westerburgen of the Supervisory Board by Rotation in 2011	Mgmt	No
14.a	Grant Board Authority to Issue Shares up To Five Percent of Issued Capital	Mgmt	Yes	For	Do Not Vote
14.b	Authorize Board to Exclude Preemptive Rights from Issuance under Item 14.a	Mgmt	Yes	For	Do Not Vote
14.c	Grant Board Authority to Issue Additional Shares of up to Five Percent in Case of Takeover/Merger	Mgmt	Yes	For	Do Not Vote
14.d	Authorize Board to Exclude Preemptive Rights from Issuance under Item 14.c	Mgmt	Yes	For	Do Not Vote
15	Authorize Repurchase of Up to Ten Percent of Issued Share Capital	Mgmt	Yes	For	Do Not Vote
16	Authorize Cancellation of Repurchased Shares	Mgmt	Yes	For	Do Not Vote
17	Authorize Additional Cancellation of Repurchased Shares	Mgmt	Yes	For	Do Not Vote
18	Other Business	Mgmt	No
19	Close Meeting	Mgmt	No

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	AutoApproved	26,700	26,700
		Totals:	26,700	26,700

Schlumberger Ltd.	Meeting Date
	07-Apr-10
Ticker: SLB
CUSIP: 806857108

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect P. Camus as Director	Mgmt	Yes	For	For
1.2	Elect P. Currie as Director	Mgmt	Yes	For	For
1.3	Elect J.S. Gorelick as Director	Mgmt	Yes	For	For
1.4	Elect A. Gould as Director	Mgmt	Yes	For	For
1.5	Elect T. Isaac as Director	Mgmt	Yes	For	For
1.6	Elect K.V. Kamath as Director	Mgmt	Yes	For	For
1.7	Elect N. Kudryavtsev as Director	Mgmt	Yes	For	For
1.8	Elect A. Lajous as Director	Mgmt	Yes	For	For
1.9	Elect M.E. Marks as Director	Mgmt	Yes	For	For
1.10	Elect L.R. Reif as Director	Mgmt	Yes	For	For
1.11	Elect T.I. Sandvold as Director	Mgmt	Yes	For	For

Page 8 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

1.12	Elect H. Seydoux as Director	Mgmt	Yes	For	For
2	Adopt and Approve Financials and Dividends	Mgmt	Yes	For	For
3	Approve 2010 Omnibus Stock Incentive Plan	Mgmt	Yes	For	For
4	Amend Qualified Employee Stock Purchase Plan	Mgmt	Yes	For	For
5	Ratify PricewaterhouseCoopers LLP as Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Approved	34,600	34,600
		Totals:	34,600	34,600

Carnival Corp.	Meeting Date
	13-Apr-10
Ticker: CCL
CUSIP: 143658300

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Reelect Micky Arison As A Director Of Carnival Corporation And As A Director Of Carnival Plc.	Mgmt	Yes	For	For
2	Elect Sir Jonathon Band As A Director Of Carnival Corporation And As A Director Of Carnival Plc.	Mgmt	Yes	For	For
3	Reelect Robert H. Dickinson As A Director Of Carnival Corporation And As A Director Of Carnival Plc.	Mgmt	Yes	For	For
4	Reelect Arnold W. Donald As A Director Of Carnival Corporation And As A Director Of Carnival Plc.	Mgmt	Yes	For	For
5	Reelect Pier Luigi Foschi As A Director Of Carnival Corporation And As A Director Of Carnival Plc.	Mgmt	Yes	For	For
6	Reelect Howard S. Frank As A Director Of Carnival Corporation And As A Director Of Carnival Plc.	Mgmt	Yes	For	For
7	Reelect Richard J. Glasier As A Director Of Carnival Corporation And As A Director Of Carnival Plc.	Mgmt	Yes	For	For
8	Reelect Modesto A. Maidique As A Director Of Carnival Corporation And As A Director Of Carnival Plc.	Mgmt	Yes	For	For
9	Reelect Sir John Parker As A Director Of Carnival Corporation And As A Director Of Carnival Plc.	Mgmt	Yes	For	For
10	Reelect Peter G. Ratcliffe As A Director Of Carnival Corporation And As A Director Of Carnival Plc.	Mgmt	Yes	For	For
11	Reelect Stuart Subotnick As A Director Of Carnival Corporation And As A Director Of Carnival Plc.	Mgmt	Yes	For	For
12	Reelect Laura Weil As A Director Of Carnival Corporation And As A Director Of Carnival Plc.	Mgmt	Yes	For	For
13	Reelect Randall J. Weisenburger As A Director Of Carnival Corporation And As A Director Of Carnival Plc.	Mgmt	Yes	For	For
14	Reelect Uzi Zucker As A Director Of Carnival Corporation And As A Director Of Carnival Plc.	Mgmt	Yes	For	For
15	Reappoint The UK Firm Of PricewaterhouseCoopers LLP As Independent Auditors For Carnival Plc And Ratify The U.S. Firm Of PricewaterhouseCoopers LLP As The Independent Auditor For Carnival Corporation.	Mgmt	Yes	For	For

Page 9 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

16	Authorize The Audit Committee Of Carnival Plc To Fix Remuneration Of The Independent Auditors Of Carnival Plc.	Mgmt	Yes	For	For
17	Receive The UK Accounts And Reports Of The Directors And Auditors Of Carnival Plc For The Year Ended November 30, 2009	Mgmt	Yes	For	For
18	Approve The Directors Remuneration Report Of Carnival Plc For The Year Ended November 30, 2009	Mgmt	Yes	For	Against
19	Authorize Issue of Equity with Pre-emptive Rights	Mgmt	Yes	For	Against
20	Authorize Issue of Equity without Pre-emptive Rights	Mgmt	Yes	For	For
21	Authorise Shares for Market Purchase	Mgmt	Yes	For	For
22	Stock Retention/Holding Period	SH	Yes	Against	Against
23	Transact Other Business (Non-Voting)	Mgmt	No

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	28,600	28,600
		Totals:	28,600	28,600

Abbott Laboratories	Meeting Date
	23-Apr-10
Ticker: ABT
CUSIP: 002824100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director R.J. Alpern	Mgmt	Yes	For	For
1.2	Elect Director R.S. Austin	Mgmt	Yes	For	For
1.3	Elect Director W.M. Daley	Mgmt	Yes	For	For
1.4	Elect Director W.J. Farrell	Mgmt	Yes	For	For
1.5	Elect Director H.L. Fuller	Mgmt	Yes	For	For
1.6	Elect Director W.A. Osborn	Mgmt	Yes	For	For
1.7	Elect Director D.A.L. Owen	Mgmt	Yes	For	For
1.8	Elect Director R.S. Roberts	Mgmt	Yes	For	For
1.9	Elect Director S.C. Scott, III	Mgmt	Yes	For	For
1.10	Elect Director W.D. Smithburg	Mgmt	Yes	For	For
1.11	Elect Director G.F. Tilton	Mgmt	Yes	For	For
1.12	Elect Director M.D. White	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
4	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	47,000	47,000
		Totals:	47,000	47,000

Page 10 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

Honeywell International Inc.	Meeting Date
	26-Apr-10
Ticker: HON
CUSIP: 438516106

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Gordon M. Bethune	Mgmt	Yes	For	For
2	Elect Director Kevin Burke	Mgmt	Yes	For	For
3	Elect Director Jaime Chico Pardo	Mgmt	Yes	For	For
4	Elect Director David M. Cote	Mgmt	Yes	For	For
5	Elect Director D. Scott Davis	Mgmt	Yes	For	For
6	Elect Director Linnet F. Deily	Mgmt	Yes	For	For
7	Elect Director Clive R. Hollick	Mgmt	Yes	For	For
8	Elect Director George Paz	Mgmt	Yes	For	For
9	Elect Director Bradley T. Sheares	Mgmt	Yes	For	For
10	Elect Director Michael W. Wright	Mgmt	Yes	For	For
11	Ratify Auditors	Mgmt	Yes	For	For
12	Provide Right to Call Special Meeting	Mgmt	Yes	For	For
13	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For
14	Provide Right to Act by Written Consent	SH	Yes	Against	For
15	Require Independent Board Chairman	SH	Yes	Against	For
16	Review and Amend Code of Conduct to Include Human Rights	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	55,700	55,700
		Totals:	55,700	55,700

Page 11 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

Exelon Corporation	Meeting Date
	27-Apr-10
Ticker: EXC
CUSIP: 30161N101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director John A. Canning, Jr.	Mgmt	Yes	For	For
2	Elect Director M. Walter D’Alessio	Mgmt	Yes	For	For
3	Elect Director Nicholas DeBenedictis	Mgmt	Yes	For	For
4	Elect Director Bruce DeMars	Mgmt	Yes	For	For
5	Elect Director Nelson A. Diaz	Mgmt	Yes	For	For
6	Elect Director Sue L. Gin	Mgmt	Yes	For	For
7	Elect Director Rosemarie B. Greco	Mgmt	Yes	For	For
8	Elect Director Paul L. Joskow	Mgmt	Yes	For	For
9	Elect Director Richard W. Mies	Mgmt	Yes	For	For
10	Elect Director John M. Palms	Mgmt	Yes	For	For
11	Elect Director William C. Richardson	Mgmt	Yes	For	For
12	Elect Director Thomas J. Ridge	Mgmt	Yes	For	For
13	Elect Director John W. Rogers, Jr.	Mgmt	Yes	For	For
14	Elect Director John W. Rowe	Mgmt	Yes	For	For
15	Elect Director Stephen D. Steinour	Mgmt	Yes	For	For
16	Elect Director Don Thompson	Mgmt	Yes	For	For
17	Approve Omnibus Stock Plan	Mgmt	Yes	For	For
18	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	32,200	32,200
		Totals:	32,200	32,200

Manpower Inc.	Meeting Date
	27-Apr-10
Ticker: MAN
CUSIP: 56418H100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Gina R. Boswell	Mgmt	Yes	For	For
1.2	Elect Director Jack M. Greenberg	Mgmt	Yes	For	For
1.3	Elect Director Terry A. Hueneke	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Articles of Incorporation to Adopt Majority Voting for Uncontested Election of Directors	Mgmt	Yes	For	For
4	Amend Bylaws to Adopt Majority Voting for Uncontested Election of Directors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	30,300	30,300
		Totals:	30,300	30,300

Page 12 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

The PNC Financial Services Group, Inc.	Meeting Date
	27-Apr-10
Ticker: PNC
CUSIP: 693475105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Richard O. Berndt	Mgmt	Yes	For	For
2	Elect Director Charles E. Bunch	Mgmt	Yes	For	For
3	Elect Director Paul W. Chellgren	Mgmt	Yes	For	For
4	Elect Director Robert N. Clay	Mgmt	Yes	For	For
5	Elect Director Kay Coles James	Mgmt	Yes	For	For
6	Elect Director Richard B. Kelson	Mgmt	Yes	For	For
7	Elect Director Bruce C. Lindsay	Mgmt	Yes	For	For
8	Elect Director Anthony A. Massaro	Mgmt	Yes	For	For
9	Elect Director Jane G. Pepper	Mgmt	Yes	For	For
10	Elect Director James E. Rohr	Mgmt	Yes	For	For
11	Elect Director Donald J. Shepard	Mgmt	Yes	For	For
12	Elect Director Lorene K. Steffes	Mgmt	Yes	For	For
13	Elect Director Dennis F. Strigl	Mgmt	Yes	For	For
14	Elect Director Stephen G. Thieke	Mgmt	Yes	For	For
15	Elect Director Thomas J. Usher	Mgmt	Yes	For	For
16	Elect Director George H. Walls, Jr.	Mgmt	Yes	For	For
17	Elect Director Helge H. Wehmeier	Mgmt	Yes	For	For
18	Ratify Auditors	Mgmt	Yes	For	For
19	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For
20	Submit Severance Agreement (Change-in-Control) to Shareholder Vote	SH	Yes	Against	Against
21	TARP Related Compensation	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	52,600	52,600
		Totals:	52,600	52,600

Page 13 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

VF Corporation	Meeting Date
	27-Apr-10
Ticker: VFC
CUSIP: 918204108

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Richard T. Carucci	Mgmt	Yes	For	For
1.2	Elect Director Juliana L. Chugg	Mgmt	Yes	For	For
1.3	Elect Director George Fellows	Mgmt	Yes	For	For
1.4	Elect Director Clarence Otis, Jr.	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	26,900	26,900
		Totals:	26,900	26,900

Bank of America Corporation	Meeting Date
	28-Apr-10
Ticker: BAC
CUSIP: 060505104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Susan S. Bies	Mgmt	Yes	For	For
2	Elect Director William P. Boardman	Mgmt	Yes	For	For
3	Elect Director Frank P. Bramble, Sr.	Mgmt	Yes	For	For
4	Elect Director Virgis W. Colbert	Mgmt	Yes	For	For
5	Elect Director Charles K. Gifford	Mgmt	Yes	For	For
6	Elect Director Charles O. Holliday, Jr.	Mgmt	Yes	For	For
7	Elect Director D. Paul Jones, Jr.	Mgmt	Yes	For	For
8	Elect Director Monica C. Lozano	Mgmt	Yes	For	For
9	Elect Director Thomas J. May	Mgmt	Yes	For	For
10	Elect Director Brian T. Moynihan	Mgmt	Yes	For	For
11	Elect Director Donald E. Powell	Mgmt	Yes	For	For
12	Elect Director Charles O. Rossotti	Mgmt	Yes	For	For
13	Elect Director Robert W. Scully	Mgmt	Yes	For	For
14	Ratify Auditors	Mgmt	Yes	For	For
15	Increase Authorized Common Stock	Mgmt	Yes	For	For

Page 14 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

16	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	Against
17	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
18	Report on Government Service of Employees	SH	Yes	Against	Against
19	TARP Related Compensation	SH	Yes	Against	Against
20	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For
21	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
22	Adopt Policy on Succession Planning	SH	Yes	Against	Against
23	Report on Collateral in Derivatives Trading	SH	Yes	Against	Against
24	Claw-back of Payments under Restatements	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	164,300	164,300
		Totals:	164,300	164,300

BorgWarner Inc.	Meeting Date
	28-Apr-10
Ticker: BWA
CUSIP: 099724106

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Jere A. Drummond	Mgmt	Yes	For	For
1.2	Elect Director Timothy M. Manganello	Mgmt	Yes	For	For
1.3	Elect Director John R. Mckernan, Jr.	Mgmt	Yes	For	For
1.4	Elect Director Ernest J. Novak, Jr.	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	45,200	45,200
		Totals:	45,200	45,200

General Electric Company	Meeting Date
	28-Apr-10
Ticker: GE
CUSIP: 369604103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director W. Geoffrey Beattie	Mgmt	Yes	For	For
2	Elect Director James I. Cash, Jr.	Mgmt	Yes	For	For

Page 15 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

3	Elect Director William M. Castell	Mgmt	Yes	For	For
4	Elect Director Ann M. Fudge	Mgmt	Yes	For	For
5	Elect Director Susan Hockfield	Mgmt	Yes	For	For
6	Elect Director Jeffrey R. Immelt	Mgmt	Yes	For	For
7	Elect Director Andrea Jung	Mgmt	Yes	For	For
8	Elect Director Alan G. (A.G.) Lafley	Mgmt	Yes	For	For
9	Elect Director Robert W. Lane	Mgmt	Yes	For	For
10	Elect Director Ralph S. Larsen	Mgmt	Yes	For	For
11	Elect Director Rochelle B. Lazarus	Mgmt	Yes	For	For
12	Elect Director James J. Mulva	Mgmt	Yes	For	For
13	Elect Director Sam Nunn	Mgmt	Yes	For	For
14	Elect Director Roger S. Penske	Mgmt	Yes	For	For
15	Elect Director Robert J. Swieringa	Mgmt	Yes	For	For
16	Elect Director Douglas A. Warner III	Mgmt	Yes	For	For
17	Ratify Auditors	Mgmt	Yes	For	For
18	Provide for Cumulative Voting	SH	Yes	Against	Against
19	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For
20	Require Independent Board Chairman	SH	Yes	Against	For
21	Report on Pay Disparity	SH	Yes	Against	Against
22	Adopt Policy Prohibiting Certain Directors from Serving on Key Board Committees	SH	Yes	Against	Against
23	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	107,900	107,900
		Totals:	107,900	107,900

Textron Inc.	Meeting Date
	28-Apr-10
Ticker: TXT
CUSIP: 883203101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Kathleen M. Bader	Mgmt	Yes	For	For
2	Elect Director R. Kerry Clark	Mgmt	Yes	For	For
3	Elect Director Ivor J. Evans	Mgmt	Yes	For	For
4	Elect Director Lord Powell of Bayswater	Mgmt	Yes	For	For
5	Elect Director James L. Ziemer	Mgmt	Yes	For	For

Page 16 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

6	Approve Option Exchange Program	Mgmt	Yes	For	For
7	Declassify the Board of Directors and Adjust Par Value of Preferred Stock	Mgmt	Yes	For	For
8	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	77,500	77,500
		Totals:	77,500	77,500

Allergan, Inc.	Meeting Date
	29-Apr-10
Ticker: AGN
CUSIP: 018490102

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Michael R. Gallagher	Mgmt	Yes	For	For
2	Elect Director Gavin S. Herbert	Mgmt	Yes	For	For
3	Elect Director Dawn Hudson	Mgmt	Yes	For	For
4	Elect Director Stephen J. Ryan, MD	Mgmt	Yes	For	For
5	Ratify Auditors	Mgmt	Yes	For	For
6	Reduce Supermajority Vote Requirement Relating to the Removal of Directors	Mgmt	Yes	For	For
7	Reduce Supermajority Vote Requirement Relating to Business Combinations	Mgmt	Yes	For	For
8	Reduce Supermajority Vote Requirement Relating to Amendments to Certificate of Incorporation	Mgmt	Yes	For	For
9	Amend Articles of Incorporation to Update and Simplify Provisions	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	39,600	39,600
		Totals:	39,600	39,600

Capital One Financial Corporation	Meeting Date
	29-Apr-10
Ticker: COF
CUSIP: 14040H105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director W. Ronald Dietz	Mgmt	Yes	For	For
2	Elect Director Lewis Hay, III	Mgmt	Yes	For	For
3	Elect Director Mayo A. Shattuck III	Mgmt	Yes	For	For

Page 17 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

4	Ratify Auditors	Mgmt	Yes	For	For
5	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For
6	Stock Retention/Holding Period	SH	Yes	Against	Against
7	Declassify the Board of Directors	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	34,100	34,100
		Totals:	34,100	34,100

The Travelers Companies, Inc.	Meeting Date
	04-May-10
Ticker: TRV

CUSIP: 89417E109

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Alan L. Beller	Mgmt	Yes	For	For
1.2	Elect Director John H. Dasburg	Mgmt	Yes	For	For
1.3	Elect Director Janet M. Dolan	Mgmt	Yes	For	For
1.4	Elect Director Kenneth M. Duberstein	Mgmt	Yes	For	For
1.5	Elect Director Jay S. Fishman	Mgmt	Yes	For	For
1.6	Elect Director Lawrence G. Graev	Mgmt	Yes	For	For
1.7	Elect Director Patricia L. Higgins	Mgmt	Yes	For	For
1.8	Elect Director Thomas R. Hodgson	Mgmt	Yes	For	For
1.9	Elect Director Cleve L. Killingsworth, Jr.	Mgmt	Yes	For	For
1.10	Elect Director Blythe J. McGarvie	Mgmt	Yes	For	For
1.11	Elect Director Donald J. Shepard	Mgmt	Yes	For	For
1.12	Elect Director Laurie J. Thomsen	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	48,400	48,400
		Totals:	48,400	48,400

Page 18 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

Expeditors International of Washington, Inc.	Meeting Date
	05-May-10
Ticker: EXPD

CUSIP: 302130109

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Mark A. Emmert	Mgmt	Yes	For	For
1.2	Elect Director R. Jordan Gates	Mgmt	Yes	For	For
1.3	Elect Director Dan P. Kourkoumelis	Mgmt	Yes	For	For
1.4	Elect Director Michael J. Malone	Mgmt	Yes	For	For
1.5	Elect Director John W. Meisenbach	Mgmt	Yes	For	For
1.6	Elect Director Peter J. Rose	Mgmt	Yes	For	For
1.7	Elect Director James L.K. Wang	Mgmt	Yes	For	For
1.8	Elect Director Robert R. Wright	Mgmt	Yes	For	For
2	Approve Stock Option Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	49,800	49,800
		Totals:	49,800	49,800

PepsiCo, Inc.	Meeting
	Date
	05-May-10
Ticker: PEP

CUSIP: 713448108

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Shona L. Brown	Mgmt	Yes	For	For
2	Elect Director Ian M. Cook	Mgmt	Yes	For	For
3	Elect Director Dina Dublon	Mgmt	Yes	For	For
4	Elect Director Victor J. Dzau	Mgmt	Yes	For	For
5	Elect Director Ray L. Hunt	Mgmt	Yes	For	For
6	Elect Director Alberto Ibarguen	Mgmt	Yes	For	For
7	Elect Director Arthur C. Martinez	Mgmt	Yes	For	For
8	Elect Director Indra K. Nooyi	Mgmt	Yes	For	For
9	Elect Director Sharon P. Rockefeller	Mgmt	Yes	For	For
10	Elect Director James J. Schiro	Mgmt	Yes	For	For
11	Elect Director Lloyd G. Trotter	Mgmt	Yes	For	For
12	Elect Director Daniel Vasella	Mgmt	Yes	For	Against
13	Ratify Auditors	Mgmt	Yes	For	For
14	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
15	Report on Charitable Contributions	SH	Yes	Against	Against
16	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For
17	Report on Public Policy Advocacy Process	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	55,600	55,600
		Totals:	55,600	55,600

Page 19 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

Union Pacific Corporation	Meeting
	Date
	06-May-10
Ticker: UNP

CUSIP: 907818108

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Andrew H. Card, Jr.	Mgmt	Yes	For	For
2	Elect Director Erroll B. Davis, Jr.	Mgmt	Yes	For	For
3	Elect Director Thomas J. Donohue	Mgmt	Yes	For	For
4	Elect Director Archie W. Dunham	Mgmt	Yes	For	For
5	Elect Director Judith Richards Hope	Mgmt	Yes	For	For
6	Elect Director Charles C. Krulak	Mgmt	Yes	For	For
7	Elect Director Michael R. McCarthy	Mgmt	Yes	For	For
8	Elect Director Michael W. McConnell	Mgmt	Yes	For	For
9	Elect Director Thomas F. McLarty III	Mgmt	Yes	For	For
10	Elect Director Steven R. Rogel	Mgmt	Yes	For	For
11	Elect Director Jose H. Villarreal	Mgmt	Yes	For	For
12	Elect Director James R. Young	Mgmt	Yes	For	For
13	Ratify Auditors	Mgmt	Yes	For	For
14	Require Independent Board Chairman	SH	Yes	Against	Against
15	Reduce Supermajority Vote Requirement	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	35,800	35,800
		Totals:	35,800	35,800

Colgate-Palmolive Company	Meeting
	Date
	07-May-10
Ticker: CL

CUSIP: 194162103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director John T. Cahill	Mgmt	Yes	For	For
2	Elect Director Ian Cook	Mgmt	Yes	For	For

Page 20 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

3	Elect Director Helene D. Gayle	Mgmt	Yes	For	For
4	Elect Director Ellen M. Hancock	Mgmt	Yes	For	For
5	Elect Director Joseph Jimenez	Mgmt	Yes	For	For
6	Elect Director David W. Johnson	Mgmt	Yes	For	For
7	Elect Director Richard J. Kogan	Mgmt	Yes	For	For
8	Elect Director Delano E. Lewis	Mgmt	Yes	For	For
9	Elect Director J. Pedro Reinhard	Mgmt	Yes	For	For
10	Elect Director Stephen I. Sadove	Mgmt	Yes	For	For
11	Ratify Auditors	Mgmt	Yes	For	For
12	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For
13	Report on Charitable Contributions	SH	Yes	Against	Against
14	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	47,500	47,500
		Totals:	47,500	47,500

Illinois Tool Works Inc.	Meeting
	Date
	07-May-10
Ticker: ITW

CUSIP: 452308109

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Marvin D. Brailsford	Mgmt	Yes	For	For
2	Elect Director Susan Crown	Mgmt	Yes	For	For
3	Elect Director Don H. Davis, Jr.	Mgmt	Yes	For	For
4	Elect Director Robert C. McCormack	Mgmt	Yes	For	For
5	Elect Director Robert S. Morrison	Mgmt	Yes	For	For
6	Elect Director James A. Skinner	Mgmt	Yes	For	For
7	Elect Director David B. Smith, Jr.	Mgmt	Yes	For	For
8	Elect Director David B. Speer	Mgmt	Yes	For	For
9	Elect Director Pamela B. Strobel	Mgmt	Yes	For	For
10	Ratify Auditors	Mgmt	Yes	For	For
11	Report on Political Contributions	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	42,700	42,700
		Totals:	42,700	42,700

Page 21 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

Henry Schein, Inc.	Meeting
	Date
	10-May-10
Ticker: HSIC

CUSIP: 806407102

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Stanley M Bergman	Mgmt	Yes	For	For
1.2	Elect Director Gerald A Benjamin	Mgmt	Yes	For	For
1.3	Elect Director James P Breslawski	Mgmt	Yes	For	For
1.4	Elect Director Mark E Mlotek	Mgmt	Yes	For	For
1.5	Elect Director Steven Paladino	Mgmt	Yes	For	For
1.6	Elect Director Barry J Alperin	Mgmt	Yes	For	For
1.7	Elect Director Paul Brons	Mgmt	Yes	For	For
1.8	Elect Director Donald J Kabat	Mgmt	Yes	For	For
1.9	Elect Director Philip A Laskawy	Mgmt	Yes	For	For
1.10	Elect Director Karyn Mashima	Mgmt	Yes	For	For
1.11	Elect Director Norman S Matthews	Mgmt	Yes	For	For
1.12	Elect Director Bradley T Sheares, PhD	Mgmt	Yes	For	For
1.13	Elect Director Louis W Sullivan, MD	Mgmt	Yes	For	For
2	Amend Non-Employee Director Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	10,400	10,400
		Totals:	10,400	10,400

DENTSPLY International Inc.	Meeting
	Date
	11-May-10
Ticker: XRAY
CUSIP: 249030107

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Paula H. Cholmondeley	Mgmt	Yes	For	For
1.2	Elect Director Michael J. Coleman	Mgmt	Yes	For	For

Page 22 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

1.3	Elect Director John C. Miles II	Mgmt	Yes	For	For
1.4	Elect Director John L. Miclot	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Approve Omnibus Stock Plan	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	78,600	78,600
		Totals:	78,600	78,600

Gilead Sciences, Inc.	Meeting
	Date
	11-May-10
Ticker: GILD
CUSIP: 375558103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Paul Berg	Mgmt	Yes	For	For
1.2	Elect Director John F. Cogan	Mgmt	Yes	For	For
1.3	Elect Director Etienne F. Davignon	Mgmt	Yes	For	For
1.4	Elect Director James M. Denny	Mgmt	Yes	For	For
1.5	Elect Director Carla A. Hills	Mgmt	Yes	For	For
1.6	Elect Director Kevin E. Lofton	Mgmt	Yes	For	For
1.7	Elect Director John W. Madigan	Mgmt	Yes	For	For
1.8	Elect Director John C. Martin	Mgmt	Yes	For	For
1.9	Elect Director Gordon E. Moore	Mgmt	Yes	For	For
1.10	Elect Director Nicholas G. Moore	Mgmt	Yes	For	For
1.11	Elect Director Richard J. Whitley	Mgmt	Yes	For	For
1.12	Elect Director Gayle E. Wilson	Mgmt	Yes	For	For
1.13	Elect Director Per Wold-Olsen	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Reduce Supermajority Vote Requirement	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	55,400	55,400
		Totals:	55,400	55,400

Page 23 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

ConocoPhillips	Meeting
	Date
	12-May-10
Ticker: COP

CUSIP: 20825C104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Richard L. Armitage	Mgmt	Yes	For	For
1.2	Elect Director Richard H. Auchinleck	Mgmt	Yes	For	For
1.3	Elect Director James E. Copeland, Jr.	Mgmt	Yes	For	For
1.4	Elect Director Kenneth M. Duberstein	Mgmt	Yes	For	For
1.5	Elect Director Ruth R. Harkin	Mgmt	Yes	For	For
1.6	Elect Director Harold W. Mcgraw III	Mgmt	Yes	For	For
1.7	Elect Director James J. Mulva	Mgmt	Yes	For	For
1.8	Elect Director Robert A. Niblock	Mgmt	Yes	For	For
1.9	Elect Director Harald J. Norvik	Mgmt	Yes	For	For
1.10	Elect Director William K. Reilly	Mgmt	Yes	For	For
1.11	Elect Director Bobby S. Shackouls	Mgmt	Yes	For	For
1.12	Elect Director Victoria J. Tschinkel	Mgmt	Yes	For	For
1.13	Elect Director Kathryn C. Turner	Mgmt	Yes	For	For
1.14	Elect Director William E. Wade, Jr.	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Report on Board Risk Management Oversight	SH	Yes	Against	Against
4	Adopt Quantitative GHG Goals for Products and Operations	SH	Yes	Against	Against
5	Report on Environmental Impact of Oil Sands Operations in Canada	SH	Yes	Against	Against
6	Adopt Policy to Address Coastal Louisiana Environmental Impacts	SH	Yes	Against	Against
7	Report on Financial Risks of Climate Change	SH	Yes	Against	Against
8	Adopt Goals to Reduce Emission of TRI Chemicals	SH	Yes	Against	Against
9	Amend EEO Policy to Prohibit Discrimination Based on Sexual Orientation and Gender Identity	SH	Yes	Against	Against
10	Report on Political Contributions	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	23,400	23,400
		Totals:	23,400	23,400

National Oilwell Varco, Inc.	Meeting
	Date
	12-May-10
Ticker: NOV

CUSIP: 637071101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Ben A. Guill	Mgmt	Yes	For	For

Page 24 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

1.2	Elect Director Roger L. Jarvis	Mgmt	Yes	For	For
1.3	Elect Director Eric L. Mattson	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	50,600	50,600
		Totals:	50,600	50,600

Philip Morris International Inc.	Meeting
	Date
	12-May-10
Ticker: PM

CUSIP: 718172109

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Harold Brown	Mgmt	Yes	For	For
2	Elect Director Mathis Cabiallavetta	Mgmt	Yes	For	For
3	Elect Director Louis C. Camilleri	Mgmt	Yes	For	For
4	Elect Director J. Dudley Fishburn	Mgmt	Yes	For	For
5	Elect Director Jennifer Li	Mgmt	Yes	For	For
6	Elect Director Graham Mackay	Mgmt	Yes	For	For
7	Elect Director Sergio Marchionne	Mgmt	Yes	For	For
8	Elect Director Lucio A. Noto	Mgmt	Yes	For	For
9	Elect Director Carlos Slim Helu	Mgmt	Yes	For	For
10	Elect Director Stephen M. Wolf	Mgmt	Yes	For	For
11	Ratify Auditors	Mgmt	Yes	For	For
12	Report on Effect of Marketing Practices on the Poor	SH	Yes	Against	Against
13	Establish Supplier Human Rights Purchasing Protocols	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	41,800	41,800
		Totals:	41,800	41,800

Wynn Resorts, Limited	Meeting
	Date
	12-May-10
Ticker: WYNN

CUSIP: 983134107

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Stephen A. Wynn	Mgmt	Yes	For	For

Page 25 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

1.2	Elect Director Ray R. Irani	Mgmt	Yes	For	For
1.3	Elect Director Alvin V. Shoemaker	Mgmt	Yes	For	For
1.4	Elect Director D. Boone Wayson	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	31,200	31,200
		Totals:	31,200	31,200

Ford Motor Company	Meeting
	Date
	13-May-10
Ticker: F

CUSIP: 345370860

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Stephen G. Butler	Mgmt	Yes	For	For
1.2	Elect Director Kimberly A. Casiano	Mgmt	Yes	For	For
1.3	Elect Director Anthony F. Earley, Jr.	Mgmt	Yes	For	For
1.4	Elect Director Edsel B. Ford II	Mgmt	Yes	For	For
1.5	Elect Director William Clay Ford, Jr.	Mgmt	Yes	For	For
1.6	Elect Director Richard A. Gephardt	Mgmt	Yes	For	For
1.7	Elect Director Irvine O. Hockaday, Jr.	Mgmt	Yes	For	For
1.8	Elect Director Richard A. Manoogian	Mgmt	Yes	For	For
1.9	Elect Director Ellen R. Marram	Mgmt	Yes	For	For
1.10	Elect Director Alan Mulally	Mgmt	Yes	For	For
1.11	Elect Director Homer A. Neal	Mgmt	Yes	For	For
1.12	Elect Director Gerald L. Shaheen	Mgmt	Yes	For	For
1.13	Elect Director John L. Thornton	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Adopt NOL Rights Plan (NOL Pill)	Mgmt	Yes	For	For
4	Disclose Prior Government Service	SH	Yes	Against	Against
5	Adopt Recapitalization Plan	SH	Yes	Against	Against
6	Report on Political Contributions	SH	Yes	Against	Against
7	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
8	Prohibit Energy Projects Only Concerned With CO2 Reduction	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	115,200	115,200
		Totals:	115,200	115,200

Page 26 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

The Dow Chemical Company	Meeting
	Date
	13-May-10
Ticker: DOW

CUSIP: 260543103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Arnold A. Allemang	Mgmt	Yes	For	For
2	Elect Director Jacqueline K. Barton	Mgmt	Yes	For	For
3	Elect Director James A. Bell	Mgmt	Yes	For	For
4	Elect Director Jeff M. Fettig	Mgmt	Yes	For	For
5	Elect Director Barbara H. Franklin	Mgmt	Yes	For	For
6	Elect Director John B. Hess	Mgmt	Yes	For	For
7	Elect Director Andrew N. Liveris	Mgmt	Yes	For	For
8	Elect Director Paul Polman	Mgmt	Yes	For	For
9	Elect Director Dennis H. Reilley	Mgmt	Yes	For	For
10	Elect Director James M. Ringler	Mgmt	Yes	For	For
11	Elect Director Ruth G. Shaw	Mgmt	Yes	For	For
12	Elect Director Paul G. Stern	Mgmt	Yes	For	For
13	Ratify Auditors	Mgmt	Yes	For	For
14	Provide Right to Call Special Meeting	Mgmt	Yes	For	For
15	Report on Environmental Remediation in Midland Area	SH	Yes	Against	Against
16	Stock Retention/Holding Period	SH	Yes	Against	Against
17	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	83,500	83,500
		Totals:	83,500	83,500

Page 27 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

Macy’s, Inc.	Meeting
	Date
	14-May-10
Ticker: M

CUSIP: 55616P104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Stephen F. Bollenbach	Mgmt	Yes	For	For
1.2	Elect Director Deirdre P. Connelly	Mgmt	Yes	For	For
1.3	Elect Director Meyer Feldberg	Mgmt	Yes	For	For
1.4	Elect Director Sara Levinson	Mgmt	Yes	For	For
1.5	Elect Director Terry J. Lundgren	Mgmt	Yes	For	For
1.6	Elect Director Joseph Neubauer	Mgmt	Yes	For	For
1.7	Elect Director Joseph A. Pichler	Mgmt	Yes	For	For
1.8	Elect Director Joyce M. Roché	Mgmt	Yes	For	For
1.9	Elect Director Craig E. Weatherup	Mgmt	Yes	For	For
1.10	Elect Director Marna C. Whittington	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Certificate of Incorporation to Reduce Supermajority Vote Requirements and Eliminate Certain Provisions	Mgmt	Yes	For	For
4	Require a Majority Vote for the Election of Directors	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	64,500	64,500
		Totals:	64,500	64,500

JPMorgan Chase & Co.	Meeting
	Date
	18-May-10
Ticker: JPM

CUSIP: 46625H100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Crandall C. Bowles	Mgmt	Yes	For	For
1.2	Elect Director Stephen B. Burke	Mgmt	Yes	For	For
1.3	Elect Director David M. Cote	Mgmt	Yes	For	For
1.4	Elect Director James S. Crown	Mgmt	Yes	For	For
1.5	Elect Director James Dimon	Mgmt	Yes	For	For
1.6	Elect Director Ellen V. Futter	Mgmt	Yes	For	For
1.7	Elect Director William H. Gray, III	Mgmt	Yes	For	For
1.8	Elect Director Laban P. Jackson, Jr.	Mgmt	Yes	For	For
1.9	Elect Director David C. Novak	Mgmt	Yes	For	For
1.10	Elect Director Lee R. Raymond	Mgmt	Yes	For	For
1.11	Elect Director William C. Weldon	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For

Page 28 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

4	Affirm Political Non-Partisanship	SH	Yes	Against	For
5	Amend Bylaws — Call Special Meetings	SH	Yes	Against	For
6	Report on Collateral in Derivatives Trading	SH	Yes	Against	For
7	Provide Right to Act by Written Consent	SH	Yes	Against	For
8	Require Independent Board Chairman	SH	Yes	Against	Against
9	Report on Pay Disparity	SH	Yes	Against	Against
10	Stock Retention/Holding Period	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	99,200	99,200
		Totals:	99,200	99,200

Halliburton Company	Meeting
	Date
	19-May-10
Ticker: HAL

CUSIP: 406216101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director A.M. Bennett	Mgmt	Yes	For	For
2	Elect Director J.R. Boyd	Mgmt	Yes	For	For
3	Elect Director M. Carroll	Mgmt	Yes	For	For
4	Elect Director N.K. Dicciani	Mgmt	Yes	For	For
5	Elect Director S.M. Gillis	Mgmt	Yes	For	For
6	Elect Director J.T. Hackett	Mgmt	Yes	For	For
7	Elect Director D.J. Lesar	Mgmt	Yes	For	For
8	Elect Director R.A. Malone	Mgmt	Yes	For	For
9	Elect Director J.L. Martin	Mgmt	Yes	For	For
10	Elect Director D.L. Reed	Mgmt	Yes	For	For
11	Ratify Auditors	Mgmt	Yes	For	For
12	Review and Assess Human Rights Policies	SH	Yes	Against	Against
13	Report on Political Contributions	SH	Yes	Against	Against
14	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
15	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	72,400	72,400
		Totals:	72,400	72,400

Page 29 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

Intel Corporation	Meeting
	Date
	19-May-10
Ticker: INTC

CUSIP: 458140100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Charlene Barshefsky	Mgmt	Yes	For	For
2	Elect Director Susan L. Decker	Mgmt	Yes	For	For
3	Elect Director John J. Donahoe	Mgmt	Yes	For	For
4	Elect Director Reed E. Hundt	Mgmt	Yes	For	For
5	Elect Director Paul S. Otellini	Mgmt	Yes	For	For
6	Elect Director James D. Plummer	Mgmt	Yes	For	For
7	Elect Director David S. Pottruck	Mgmt	Yes	For	For
8	Elect Director Jane E. Shaw	Mgmt	Yes	For	For
9	Elect Director Frank D. Yeary	Mgmt	Yes	For	For
10	Elect Director David B. Yoffie	Mgmt	Yes	For	For
11	Ratify Auditors	Mgmt	Yes	For	For
12	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	55,500	55,500
		Totals:	55,500	55,500

Quanta Services, Inc.	Meeting
	Date
	20-May-10
Ticker: PWR

CUSIP: 74762E102

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director James R. Ball	Mgmt	Yes	For	For
1.2	Elect Director John R. Colson	Mgmt	Yes	For	For
1.3	Elect Director J. Michal Conaway	Mgmt	Yes	For	For
1.4	Elect Director Ralph R. DiSibio	Mgmt	Yes	For	For
1.5	Elect Director Bernard Fried	Mgmt	Yes	For	For
1.6	Elect Director Louis C. Golm	Mgmt	Yes	For	For
1.7	Elect Director Worthing F. Jackman	Mgmt	Yes	For	For
1.8	Elect Director Bruce Ranck	Mgmt	Yes	For	For
1.9	Elect Director John R. Wilson	Mgmt	Yes	For	For

Page 30 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

1.10	Elect Director Pat Wood, III	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Require a Majority Vote for the Election of Directors	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	64,700	64,700
		Totals:	64,700	64,700

The Home Depot, Inc.	Meeting
	Date
	20-May-10
Ticker: HD

CUSIP: 437076102

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director F. Duane Ackerman	Mgmt	Yes	For	For
2	Elect Director David H. Batchelder	Mgmt	Yes	For	For
3	Elect Director Francis S. Blake	Mgmt	Yes	For	For
4	Elect Director Ari Bousbib	Mgmt	Yes	For	For
5	Elect Director Gregory D. Brenneman	Mgmt	Yes	For	For
6	Elect Director Albert P. Carey	Mgmt	Yes	For	For
7	Elect Director Armando Codina	Mgmt	Yes	For	For
8	Elect Director Bonnie G. Hill	Mgmt	Yes	For	For
9	Elect Director Karen L. Katen	Mgmt	Yes	For	For
10	Ratify Auditors	Mgmt	Yes	For	For
11	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
12	Provide for Cumulative Voting	SH	Yes	Against	Against
13	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
14	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For
15	Provide Right to Act by Written Consent	SH	Yes	Against	For
16	Require Independent Board Chairman	SH	Yes	Against	Against
17	Prepare Employment Diversity Report	SH	Yes	Against	Against
18	Reincorporate in Another State [from Delaware to North Dakota]	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	81,500	81,500
		Totals:	81,500	81,500

Page 31 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

Exxon Mobil Corporation	Meeting
	Date
	26-May-10
Ticker: XOM

CUSIP: 30231G102

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director M.J. Boskin	Mgmt	Yes	For	For
1.2	Elect Director P. Brabeck-Letmathe	Mgmt	Yes	For	For
1.3	Elect Director L.R. Faulkner	Mgmt	Yes	For	For
1.4	Elect Director J.S. Fishman	Mgmt	Yes	For	For
1.5	Elect Director K.C. Frazier	Mgmt	Yes	For	For
1.6	Elect Director W.W. George	Mgmt	Yes	For	For
1.7	Elect Director M.C. Nelson	Mgmt	Yes	For	For
1.8	Elect Director S.J. Palmisano	Mgmt	Yes	For	For
1.9	Elect Director S.C. Reinemund	Mgmt	Yes	For	For
1.10	Elect Director R.W. Tillerson	Mgmt	Yes	For	For
1.11	Elect Director E.E. Whitacre, Jr.	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For
4	Reincorporate in Another State [from New Jersey to North Dakota]	SH	Yes	Against	Against
5	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
6	Amend EEO Policy to Prohibit Discrimination based on Sexual Orientation and Gender Identity	SH	Yes	Against	Against
7	Adopt Policy on Human Right to Water	SH	Yes	Against	Against
8	Adopt Policy to Address Coastal Louisiana Environmental Impacts	SH	Yes	Against	Against
9	Report on Environmental Impact of Oil Sands Operations in Canada	SH	Yes	Against	For
10	Report on Environmental Impacts of Natural Gas Fracturing	SH	Yes	Against	For
11	Report on Energy Technologies Development	SH	Yes	Against	Against
12	Adopt Quantitative GHG Goals from Products and Operations	SH	Yes	Against	For
13	Report on Risks of Alternative Long-term Fossil Fuel Demand Estimates	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	25,400	25,400
		Totals:	25,400	25,400

Page 32 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

First Solar, Inc.	Meeting
	Date
	01-Jun-10
Ticker: FSLR

CUSIP: 336433107

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Michael J. Ahearn	Mgmt	Yes	For	For
1.2	Elect Director Robert J. Gillette	Mgmt	Yes	For	For
1.3	Elect Director Craig Kennedy	Mgmt	Yes	For	For
1.4	Elect Director James F. Nolan	Mgmt	Yes	For	For
1.5	Elect Director William J. Post	Mgmt	Yes	For	For
1.6	Elect Director J. Thomas Presby	Mgmt	Yes	For	For
1.7	Elect Director Paul H. Stebbins	Mgmt	Yes	For	For
1.8	Elect Director Michael Sweeney	Mgmt	Yes	For	For
1.9	Elect Director Jose H. Villarreal	Mgmt	Yes	For	For
2	Approve Omnibus Stock Plan	Mgmt	Yes	For	Against
3	Approve Qualified Employee Stock Purchase Plan	Mgmt	Yes	For	For
4	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Sent	9,600	9,600
		Totals:	9,600	9,600

CB Richard Ellis Group, Inc.	Meeting
	Date
	02-Jun-10
Ticker: CBG

CUSIP: 12497T101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Richard C. Blum	Mgmt	Yes	For	For
1.2	Elect Director Curtis F. Feeny	Mgmt	Yes	For	For
1.3	Elect Director Bradford M. Freeman	Mgmt	Yes	For	For
1.4	Elect Director Michael Kantor	Mgmt	Yes	For	For
1.5	Elect Director Frederic V. Malek	Mgmt	Yes	For	For
1.6	Elect Director Jane J. Su	Mgmt	Yes	For	For
1.7	Elect Director Laura D. Tyson	Mgmt	Yes	For	For
1.8	Elect Director Brett White	Mgmt	Yes	For	For
1.9	Elect Director Gary L. Wilson	Mgmt	Yes	For	For

Page 33 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 17 Ivy Balanced Fund

1.10	Elect Director Ray Wirta	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Sent	122,200	122,200
		Totals:	122,200	122,200

Hyatt Hotels Corporation	Meeting
	Date
	09-Jun-10
Ticker: H

CUSIP: 448579102

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Bernard W. Aronson	Mgmt	Yes	For	For
1.2	Elect Director Mark S. Hoplamazian	Mgmt	Yes	For	For
1.3	Elect Director Penny Pritzker	Mgmt	Yes	For	For
1.4	Elect Director Michael A. Rocca	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Approve Qualified Employee Stock Purchase Plan	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Sent	55,800	55,800
		Totals:	55,800	55,800

Target Corporation	Meeting
	Date
	09-Jun-10
Ticker: TGT

CUSIP: 87612E106

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Calvin Darden	Mgmt	Yes	For	For
2	Elect Director Anne M. Mulcahy	Mgmt	Yes	For	For
3	Elect Director Stephen W. Sanger	Mgmt	Yes	For	For
4	Elect Director Gregg W. Steinhafel	Mgmt	Yes	For	For
5	Ratify Auditors	Mgmt	Yes	For	For
6	Declassify the Board of Directors	Mgmt	Yes	For	For
7	Reduce Supermajority Vote Requirement	Mgmt	Yes	For	For
8	Amend Articles of Incorporation	Mgmt	Yes	For	For
9	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
17 Ivy Balanced Fund, 17	126955.1	Confirmed	39,500	39,500
		Totals:	39,500	39,500

Page 34 of 34

IVY BOND FUND

Proxy Voting Record

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

IVY CAPITAL APPRECIATION FUND

Proxy Voting Record

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

Research In Motion Ltd	Meeting
	Date
	14-Jul-09
Ticker: RIM

CUSIP: 760975102

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Mike Lazaridis	Mgmt	Yes	For	For
1.2	Elect Director James Estill	Mgmt	Yes	For	For
1.3	Elect Director David Kerr	Mgmt	Yes	For	For
1.4	Elect Director Roger Martin	Mgmt	Yes	For	For
1.5	Elect Director John Richardson	Mgmt	Yes	For	For
1.6	Elect Director Barbara Stymiest	Mgmt	Yes	For	For
1.7	Elect Director John Wetmore	Mgmt	Yes	For	For
2	Approve Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	175,000	175,000
		Totals:	175,000	175,000

Precision Castparts Corp.	Meeting
	Date
	11-Aug-09
Ticker: PCP
CUSIP: 740189105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Mark Donegan	Mgmt	Yes	For	For
1.2	Elect Director Vernon E. Oechsle	Mgmt	Yes	For	For
1.3	Elect Director Rick Schmidt	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	110,000	110,000
		Totals:	110,000	110,000

Page 1 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

Microchip Technology Incorporated	Meeting Date
	14-Aug-09
Ticker: MCHP
CUSIP: 595017104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Steve Sanghi	Mgmt	Yes	For	For
1.2	Elect Director Albert J. Hugo-martinez	Mgmt	Yes	For	For
1.3	Elect Director L.b. Day	Mgmt	Yes	For	For
1.4	Elect Director Matthew W. Chapman	Mgmt	Yes	For	For
1.5	Elect Director Wade F. Meyercord	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	195,000	195,000
		Totals:	195,000	195,000

Nike, Inc.	Meeting
	Date
	21-Sep-09
Ticker: NKE
CUSIP: 654106103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Jill K. Conway	Mgmt	Yes	For	For
1.2	Elect Director Alan B. Graf, Jr.	Mgmt	Yes	For	For
1.3	Elect Director John C. Lechleiter	Mgmt	Yes	For	For
2	Amend Qualified Employee Stock Purchase Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	45,000	45,000
		Totals:	45,000	45,000

The Procter & Gamble Company	Meeting Date
	13-Oct-09
Ticker: PG
CUSIP: 742718109

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Kenneth I. Chenault	Mgmt	Yes	For	For
2	Elect Director Scott D. Cook	Mgmt	Yes	For	Against
3	Elect Director Rajat K. Gupta	Mgmt	Yes	For	For
4	Elect Director A.G. Lafley	Mgmt	Yes	For	For

Page 2 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

5	Elect Director Charles R. Lee	Mgmt	Yes	For	For
6	Elect Director Lynn M. Martin	Mgmt	Yes	For	For
7	Elect Director Robert A. McDonald	Mgmt	Yes	For	For
8	Elect Director W. James McNerney, Jr.	Mgmt	Yes	For	For
9	Elect Director Johnathan A. Rodgers	Mgmt	Yes	For	For
10	Elect Director Ralph Snyderman	Mgmt	Yes	For	For
11	Elect Director Mary Agnes Wilderotter	Mgmt	Yes	For	For
12	Elect Director Patricia A. Woertz	Mgmt	Yes	For	For
13	Elect Director Ernesto Zedillo	Mgmt	Yes	For	For
14	Ratify Auditors	Mgmt	Yes	For	For
15	Amend Code of Regulations	Mgmt	Yes	For	For
16	Approve Omnibus Stock Plan	Mgmt	Yes	For	For
17	Provide for Cumulative Voting	SH	Yes	Against	Against
18	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	175,000	175,000
		Totals:	175,000	175,000

Coach, Inc.	Meeting Date
	05-Nov-09
Ticker: COH
CUSIP: 189754104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Lew Frankfort	Mgmt	Yes	For	For
1.2	Elect Director Susan Kropf	Mgmt	Yes	For	For
1.3	Elect Director Gary Loveman	Mgmt	Yes	For	For
1.4	Elect Director Ivan Menezes	Mgmt	Yes	For	For
1.5	Elect Director Irene Miller	Mgmt	Yes	For	For
1.6	Elect Director Michael Murphy	Mgmt	Yes	For	For
1.7	Elect Director Jide Zeitlin	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Report on Ending Use of Animal Fur in Products	SH	Yes	Against	Against

Page 3 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	55,000	55,000
		Totals:	55,000	55,000

Cisco Systems, Inc.	Meeting Date
	12-Nov-09
Ticker: CSCO
CUSIP: 17275R102

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Carol A. Bartz	Mgmt	Yes	For	For
2	Elect Director M. Michele Burns	Mgmt	Yes	For	For
3	Elect Director Michael D. Capellas	Mgmt	Yes	For	For
4	Elect Director Larry R. Carter	Mgmt	Yes	For	For
5	Elect Director John T. Chambers	Mgmt	Yes	For	For
6	Elect Director Brian L. Halla	Mgmt	Yes	For	For
7	Elect Director John L. Hennessy	Mgmt	Yes	For	For
8	Elect Director Richard M. Kovacevich	Mgmt	Yes	For	For
9	Elect Director Roderick C. McGeary	Mgmt	Yes	For	For
10	Elect Director Michael K. Powell	Mgmt	Yes	For	For
11	Elect Director Arun Sarin	Mgmt	Yes	For	For
12	Elect Director Steven M. West	Mgmt	Yes	For	For
13	Elect Director Jerry Yang	Mgmt	Yes	For	For
14	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
15	Amend Qualified Employee Stock Purchase Plan	Mgmt	Yes	For	For
16	Ratify Auditors	Mgmt	Yes	For	For
17	Amend Bylaws to Establish a Board Committee on Human Rights	SH	Yes	Against	Against
18	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
19	Report on Internet Fragmentation	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	210,000	210,000
		Totals:	210,000	210,000

Page 4 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

Microsoft Corporation	Meeting Date
	19-Nov-09
Ticker: MSFT

CUSIP: 594918104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director William H. Gates, III	Mgmt	Yes	For	For
2	Elect Director Steven A. Ballmer	Mgmt	Yes	For	For
3	Elect Director Dina Dublon	Mgmt	Yes	For	For
4	Elect Director Raymond V. Gilmartin	Mgmt	Yes	For	For
5	Elect Director Reed Hastings	Mgmt	Yes	For	For
6	Elect Director Maria Klawe	Mgmt	Yes	For	For
7	Elect Director David F. Marquardt	Mgmt	Yes	For	For
8	Elect Director Charles H. Noski	Mgmt	Yes	For	For
9	Elect Director Helmut Panke	Mgmt	Yes	For	For
10	Ratify Auditors	Mgmt	Yes	For	For
11	Permit Right to Call Special Meeting	Mgmt	Yes	For	For
12	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For
13	Adopt Principles for Health Care Reform	SH	Yes	Against	Against
14	Report on Charitable Contributions	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	35,000	35,000
		Totals:	35,000	35,000

Visa Inc.	Meeting Date
	20-Jan-10
Ticker: V
CUSIP: 92826C839

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Robert W. Matschullat	Mgmt	Yes	For	For
1.2	Elect Director Cathy E. Minehan	Mgmt	Yes	For	For
1.3	Elect Director David J. Pang	Mgmt	Yes	For	For
1.4	Elect Director William S. Shanahan	Mgmt	Yes	For	For
1.5	Elect Director John A. Swainson	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Page 5 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Sent	207,000	207,000
		Totals:	207,000	207,000

Monsanto Co.	Meeting Date
	26-Jan-10
Ticker: MON
CUSIP: 61166W101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Frank V. AtLee III	Mgmt	Yes	For	For
2	Elect Director David L. Chicoine	Mgmt	Yes	For	For
3	Elect Director Arthur H. Harper	Mgmt	Yes	For	For
4	Elect Director Gwendolyn S. King	Mgmt	Yes	For	For
5	Ratify Auditors	Mgmt	Yes	For	For
6	Amend Omnibus Stock Plan	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	198,000	198,000
		Totals:	198,000	198,000

Ralcorp Holdings, Inc.	Meeting Date
	26-Jan-10
Ticker: RAH
CUSIP: 751028101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Bill G. Armstrong	Mgmt	Yes	For	For
1.2	Elect Director J. Patrick Mulcahy	Mgmt	Yes	For	For
1.3	Elect Director William P. Stiritz	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	70,000	70,000
		Totals:	70,000	70,000

Page 6 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

Costco Wholesale Corporation	Meeting Date
	28-Jan-10
Ticker: COST

CUSIP: 22160K105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director B.S. Carson, Sr., M.D.	Mgmt	Yes	For	For
1.2	Elect Director William H. Gates	Mgmt	Yes	For	For
1.3	Elect Director Hamilton E. James	Mgmt	Yes	For	For
1.4	Elect Director Jill S. Ruckelshaus	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Sent	325,000	325,000
		Totals:	325,000	325,000

Rockwell Collins, Inc.	Meeting Date
	09-Feb-10
Ticker: COL
CUSIP: 774341101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Donald R. Beall	Mgmt	Yes	For	For
1.2	Elect Director Mark Donegan	Mgmt	Yes	For	For
1.3	Elect Director Andrew J. Policano	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
4	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Sent	115,000	115,000
		Totals:	115,000	115,000

Apple Inc.	Meeting Date
	25-Feb-10
Ticker: AAPL
CUSIP: 037833100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director William V. Campbell	Mgmt	Yes	For	For
1.2	Elect Director Millard S. Drexler	Mgmt	Yes	For	For

Page 7 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

1.3	Elect Director Albert A. Gore, Jr.	Mgmt	Yes	For	For
1.4	Elect Director Steven P. Jobs	Mgmt	Yes	For	For
1.5	Elect Director Andrea Jung	Mgmt	Yes	For	For
1.6	Elect Director Arthur D. Levinson	Mgmt	Yes	For	For
1.7	Elect Director Jerome B. York	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Amend Non-Employee Director Omnibus Stock Plan	Mgmt	Yes	For	For
4	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For
5	Ratify Auditors	Mgmt	Yes	For	For
6	Prepare Sustainability Report	SH	Yes	Against	Against
7	Establish Other Board Committee	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Sent	93,000	93,000
		Totals:	93,000	93,000

QUALCOMM Incorporated	Meeting Date
	02-Mar-10
Ticker: QCOM
CUSIP: 747525103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Barbara T. Alexander	Mgmt	Yes	For	For
1.2	Elect Director Stephen M. Bennett	Mgmt	Yes	For	For
1.3	Elect Director Donald G. Cruickshank	Mgmt	Yes	For	For
1.4	Elect Director Raymond V. Dittamore	Mgmt	Yes	For	For
1.5	Elect Director Thomas W. Horton	Mgmt	Yes	For	For
1.6	Elect Director Irwin Mark Jacobs	Mgmt	Yes	For	For
1.7	Elect Director Paul E. Jacobs	Mgmt	Yes	For	For
1.8	Elect Director Robert E. Kahn	Mgmt	Yes	For	For
1.9	Elect Director Sherry Lansing	Mgmt	Yes	For	For
1.10	Elect Director Duane A. Nelles	Mgmt	Yes	For	For
1.11	Elect Director Brent Scowcroft	Mgmt	Yes	For	For
1.12	Elect Director Marc I. Stern	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Page 8 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Sent	300,000	300,000
		Totals:	300,000	300,000

Hologic, Inc.	Meeting Date
	03-Mar-10
Ticker: HOLX
CUSIP: 436440101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director John W. Cumming	Mgmt	Yes	For	For
1.2	Elect Director Robert A. Cascella	Mgmt	Yes	For	For
1.3	Elect Director Glenn P. Muir	Mgmt	Yes	For	For
1.4	Elect Director Sally W. Crawford	Mgmt	Yes	For	For
1.5	Elect Director David R. LaVance Jr.	Mgmt	Yes	For	For
1.6	Elect Director Nancy L. Leaming	Mgmt	Yes	For	For
1.7	Elect Director Lawrence M. Levy	Mgmt	Yes	For	For
1.8	Elect Director Elaine S. Ullian	Mgmt	Yes	For	For
1.9	Elect Director Wayne Wilson	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Adjourn Meeting	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Sent	490,000	490,000
		Totals:	490,000	490,000

Hewlett-Packard Company	Meeting Date
	17-Mar-10
Ticker: HPQ
CUSIP: 428236103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Marc L. Andreessen	Mgmt	Yes	For	For
1.2	Elect Director Lawrence T. Babbio, Jr.	Mgmt	Yes	For	For
1.3	Elect Director Sari M. Baldauf	Mgmt	Yes	For	For
1.4	Elect Director Rajiv L. Gupta	Mgmt	Yes	For	For
1.5	Elect Director John H. Hammergren	Mgmt	Yes	For	For
1.6	Elect Director Mark V. Hurd	Mgmt	Yes	For	For

Page 9 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

1.7	Elect Director Joel Z. Hyatt	Mgmt	Yes	For	For
1.8	Elect Director John R. Joyce	Mgmt	Yes	For	For
1.9	Elect Director Robert L. Ryan	Mgmt	Yes	For	For
1.10	Elect Director Lucille S. Salhany	Mgmt	Yes	For	For
1.11	Elect Director G. Kennedy Thompson	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
4	Company Request on Advisory Vote on Executive Compensation	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	385,000	385,000
		Totals:	385,000	385,000

Schlumberger Ltd.	Meeting Date
	07-Apr-10
Ticker: SLB
CUSIP: 806857108

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect P. Camus as Director	Mgmt	Yes	For	For
1.2	Elect P. Currie as Director	Mgmt	Yes	For	For
1.3	Elect J.S. Gorelick as Director	Mgmt	Yes	For	For
1.4	Elect A. Gould as Director	Mgmt	Yes	For	For
1.5	Elect T. Isaac as Director	Mgmt	Yes	For	For
1.6	Elect K.V. Kamath as Director	Mgmt	Yes	For	For
1.7	Elect N. Kudryavtsev as Director	Mgmt	Yes	For	For
1.8	Elect A. Lajous as Director	Mgmt	Yes	For	For
1.9	Elect M.E. Marks as Director	Mgmt	Yes	For	For
1.10	Elect L.R. Reif as Director	Mgmt	Yes	For	For
1.11	Elect T.I. Sandvold as Director	Mgmt	Yes	For	For
1.12	Elect H. Seydoux as Director	Mgmt	Yes	For	For
2	Adopt and Approve Financials and Dividends	Mgmt	Yes	For	For
3	Approve 2010 Omnibus Stock Incentive Plan	Mgmt	Yes	For	For
4	Amend Qualified Employee Stock Purchase Plan	Mgmt	Yes	For	For
5	Ratify PricewaterhouseCoopers LLP as Auditors	Mgmt	Yes	For	For

Page 10 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Approved	234,000	234,000
		Totals:	234,000	234,000

Albemarle Corporation	Meeting Date
	20-Apr-10
Ticker: ALB
CUSIP: 012653101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director J. Alfred Broaddus, Jr.	Mgmt	Yes	For	For
1.2	Elect Director R. William Ide, III	Mgmt	Yes	For	For
1.3	Elect Director Richard L. Morrill	Mgmt	Yes	For	For
1.4	Elect Director Jim W. Nokes	Mgmt	Yes	For	For
1.5	Elect Director Berry W. Perry	Mgmt	Yes	For	For
1.6	Elect Director Mark C. Rohr	Mgmt	Yes	For	For
1.7	Elect Director John Sherman, Jr.	Mgmt	Yes	For	For
1.8	Elect Director Charles E. Stewart	Mgmt	Yes	For	For
1.9	Elect Director Harriett Tee Taggart	Mgmt	Yes	For	For
1.10	Elect Director Anne Marie Whittemore	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Amend Non-Employee Director Restricted Stock Plan	Mgmt	Yes	For	For
4	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	175,000	175,000
		Totals:	175,000	175,000

The Coca-Cola Company	Meeting Date
	21-Apr-10
Ticker: KO
CUSIP: 191216100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Herbert A. Allen	Mgmt	Yes	For	For
2	Elect Director Ronald W. Allen	Mgmt	Yes	For	For
3	Elect Director Cathleen P. Black	Mgmt	Yes	For	For
4	Elect Director Barry Diller	Mgmt	Yes	For	For

Page 11 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

5	Elect Director Alexis M. Herman	Mgmt	Yes	For	For
6	Elect Director Muhtar Kent	Mgmt	Yes	For	For
7	Elect Director Donald R. Keough	Mgmt	Yes	For	For
8	Elect Director Maria Elena Lagomasino	Mgmt	Yes	For	For
9	Elect Director Donald F. McHenry	Mgmt	Yes	For	For
10	Elect Director Sam Nunn	Mgmt	Yes	For	For
11	Elect Director James D. Robinson III	Mgmt	Yes	For	For
12	Elect Director Peter V. Ueberroth	Mgmt	Yes	For	For
13	Elect Director Jacob Wallenberg	Mgmt	Yes	For	For
14	Elect Director James B. Williams	Mgmt	Yes	For	For
15	Ratify Auditors	Mgmt	Yes	For	For
16	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
17	Require Independent Board Chairman	SH	Yes	Against	For
18	Performance-Based Equity Awards	SH	Yes	Against	Against
19	Publish Report on Chemical Bisphenol A (BPA)	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	75,000	75,000
		Totals:	75,000	75,000

Abbott Laboratories	Meeting Date
	23-Apr-10
Ticker: ABT
CUSIP: 002824100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director R.J. Alpern	Mgmt	Yes	For	For
1.2	Elect Director R.S. Austin	Mgmt	Yes	For	For
1.3	Elect Director W.M. Daley	Mgmt	Yes	For	For
1.4	Elect Director W.J. Farrell	Mgmt	Yes	For	For
1.5	Elect Director H.L. Fuller	Mgmt	Yes	For	For
1.6	Elect Director W.A. Osborn	Mgmt	Yes	For	For
1.7	Elect Director D.A.L. Owen	Mgmt	Yes	For	For
1.8	Elect Director R.S. Roberts	Mgmt	Yes	For	For
1.9	Elect Director S.C. Scott, III	Mgmt	Yes	For	For
1.10	Elect Director W.D. Smithburg	Mgmt	Yes	For	For
1.11	Elect Director G.F. Tilton	Mgmt	Yes	For	For

Page 12 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

1.12	Elect Director M.D. White	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
4	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	75,000	75,000
		Totals:	75,000	75,000

American Express Company	Meeting Date
	26-Apr-10
Ticker: AXP
CUSIP: 025816109

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Daniel F. Akerson	Mgmt	Yes	For	For
1.2	Elect Director Charlene Barshefsky	Mgmt	Yes	For	For
1.3	Elect Director Ursula M. Burns	Mgmt	Yes	For	For
1.4	Elect Director Kenneth I. Chenault	Mgmt	Yes	For	For
1.5	Elect Director Peter Chernin	Mgmt	Yes	For	For
1.6	Elect Director Jan Leschly	Mgmt	Yes	For	For
1.7	Elect Director Richard C. Levin	Mgmt	Yes	For	For
1.8	Elect Director Richard A. McGinn	Mgmt	Yes	For	For
1.9	Elect Director Edward .D. Miller	Mgmt	Yes	For	For
1.10	Elect Director Steven S. Reinemund	Mgmt	Yes	For	For
1.11	Elect Director Robert D. Walter	Mgmt	Yes	For	For
1.12	Elect Director Ronald A. Williams	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	Against
4	Provide for Cumulative Voting	SH	Yes	Against	Against
5	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For
6	Stock Retention/Holding Period	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	81,000	81,000
		Totals:	81,000	81,000

Page 13 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

The Boeing Company	Meeting Date
	26-Apr-10
Ticker: BA
CUSIP: 097023105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director John H. Biggs	Mgmt	Yes	For	For
2	Elect Director John E. Bryson	Mgmt	Yes	For	For
3	Elect Director David L. Calhoun	Mgmt	Yes	For	For
4	Elect Director Arthur D. Collins, Jr.	Mgmt	Yes	For	For
5	Elect Director Linda Z. Cook	Mgmt	Yes	For	For
6	Elect Director William M. Daley	Mgmt	Yes	For	For
7	Elect Director Kenneth M. Duberstein	Mgmt	Yes	For	For
8	Elect Director Edmund P. Giambastiani, Jr.	Mgmt	Yes	For	For
9	Elect Director John F. McDonnell	Mgmt	Yes	For	For
10	Elect Director W. James McNerney, Jr.	Mgmt	Yes	For	For
11	Elect Director Susan C. Schwab	Mgmt	Yes	For	For
12	Elect Director Mike S. Zafirovski	Mgmt	Yes	For	For
13	Ratify Auditors	Mgmt	Yes	For	For
14	Adopt Ethical Criteria for Military Contracts	SH	Yes	Against	Against
15	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
16	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For
17	Require Independent Board Chairman	SH	Yes	Against	For
18	Report on Political Contributions	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	50,000	50,000
		Totals:	50,000	50,000

Manpower Inc.	Meeting Date
	27-Apr-10
Ticker: MAN
CUSIP: 56418H100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Gina R. Boswell	Mgmt	Yes	For	For
1.2	Elect Director Jack M. Greenberg	Mgmt	Yes	For	For
1.3	Elect Director Terry A. Hueneke	Mgmt	Yes	For	For

Page 14 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Articles of Incorporation to Adopt Majority Voting for Uncontested Election of Directors	Mgmt	Yes	For	For
4	Amend Bylaws to Adopt Majority Voting for Uncontested Election of Directors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	29,800	29,800
		Totals:	29,800	29,800

Noble Energy, Inc.	Meeting Date
	27-Apr-10
Ticker: NBL

CUSIP: 655044105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Jeffrey L. Berenson	Mgmt	Yes	For	For
2	Elect Director Michael A. Cawley	Mgmt	Yes	For	For
3	Elect Director Edward F. Cox	Mgmt	Yes	For	For
4	Elect Director Charles D. Davidson	Mgmt	Yes	For	For
5	Elect Director Thomas J. Edelman	Mgmt	Yes	For	Against
6	Elect Director Eric P. Grubman	Mgmt	Yes	For	For
7	Elect Director Kirby L. Hedrick	Mgmt	Yes	For	For
8	Elect Director Scott D. Urban	Mgmt	Yes	For	For
9	Elect Director William T. Van Kleef	Mgmt	Yes	For	For
10	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	50,000	50,000
		Totals:	50,000	50,000

Textron Inc.	Meeting Date
	28-Apr-10
Ticker: TXT

CUSIP: 883203101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Kathleen M. Bader	Mgmt	Yes	For	For
2	Elect Director R. Kerry Clark	Mgmt	Yes	For	For
3	Elect Director Ivor J. Evans	Mgmt	Yes	For	For

Page 15 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

4	Elect Director Lord Powell of Bayswater	Mgmt	Yes	For	For
5	Elect Director James L. Ziemer	Mgmt	Yes	For	For
6	Approve Option Exchange Program	Mgmt	Yes	For	For
7	Declassify the Board of Directors and Adjust Par Value of Preferred Stock	Mgmt	Yes	For	For
8	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	431,500	431,500
		Totals:	431,500	431,500

EMC Corporation	Meeting Date
	29-Apr-10
Ticker: EMC

CUSIP: 268648102

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Michael W. Brown	Mgmt	Yes	For	For
2	Elect Director Randolph L. Cowen	Mgmt	Yes	For	For
3	Elect Director Michael J. Cronin	Mgmt	Yes	For	For
4	Elect Director Gail Deegan	Mgmt	Yes	For	For
5	Elect Director James S. DiStasio	Mgmt	Yes	For	For
6	Elect Director John R. Egan	Mgmt	Yes	For	For
7	Elect Director Edmund F. Kelly	Mgmt	Yes	For	For
8	Elect Director Windle B. Priem	Mgmt	Yes	For	For
9	Elect Director Paul Sagan	Mgmt	Yes	For	For
10	Elect Director David N. Strohm	Mgmt	Yes	For	For
11	Elect Director Joseph M. Tucci	Mgmt	Yes	For	For
12	Ratify Auditors	Mgmt	Yes	For	For
13	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For
14	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	100,000	100,000
		Totals:	100,000	100,000

Page 16 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

Janus Capital Group Inc.	Meeting Date
	29-Apr-10
Ticker: JNS

CUSIP: 47102X105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Richard M. Weil	Mgmt	Yes	For	For
2	Elect Director G. Andrew Cox	Mgmt	Yes	For	For
3	Elect Director Deborah R. Gatzek	Mgmt	Yes	For	For
4	Elect Director Robert T. Parry	Mgmt	Yes	For	For
5	Elect Director Jock Patton	Mgmt	Yes	For	For
6	Ratify Auditors	Mgmt	Yes	For	For
7	Approve Omnibus Stock Plan	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	610,000	610,000
		Totals:	610,000	610,000

AT&T Inc.	Meeting Date
	30-Apr-10
Ticker: T

CUSIP: 00206R102

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Randall L. Stephenson	Mgmt	Yes	For	For
2	Elect Director Gilbert F. Amelio	Mgmt	Yes	For	For
3	Elect Director Reuben V. Anderson	Mgmt	Yes	For	For
4	Elect Director James H. Blanchard	Mgmt	Yes	For	For
5	Elect Director Jaime Chico Pardo	Mgmt	Yes	For	For
6	Elect Director James P. Kelly	Mgmt	Yes	For	For
7	Elect Director Jon C. Madonna	Mgmt	Yes	For	For
8	Elect Director Lynn M. Martin	Mgmt	Yes	For	For
9	Elect Director John B. McCoy	Mgmt	Yes	For	For
10	Elect Director Joyce M. Roche	Mgmt	Yes	For	For
11	Elect Director Laura D Andrea Tyson	Mgmt	Yes	For	For
12	Elect Director Patricia P. Upton	Mgmt	Yes	For	For
13	Ratify Auditors	Mgmt	Yes	For	For
14	Provide for Cumulative Voting	SH	Yes	Against	Against
15	Exclude Pension Credits from Calculations of Performance-Based Pay	SH	Yes	Against	For
16	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
17	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For

Page 17 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	150,000	150,000
		Totals:	150,000	150,000

Under Armour, Inc.	Meeting Date
	04-May-10
Ticker: UA

CUSIP: 904311107

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Kevin A. Plank	Mgmt	Yes	For	For
1.2	Elect Director Byron K. Adams, Jr.	Mgmt	Yes	For	For
1.3	Elect Director Douglas E. Coltharp	Mgmt	Yes	For	For
1.4	Elect Director Anthony W. Deering	Mgmt	Yes	For	For
1.5	Elect Director A.B. Krongard	Mgmt	Yes	For	For
1.6	Elect Director William R. McDermott	Mgmt	Yes	For	For
1.7	Elect Director Harvey L. Sanders	Mgmt	Yes	For	For
1.8	Elect Director Thomas J. Sippel	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	201,000	201,000
		Totals:	201,000	201,000

CME Group Inc.	Meeting Date
	05-May-10
Ticker: CME

CUSIP: 12572Q105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Terrence A. Duffy	Mgmt	Yes	For	For
1.2	Elect Director Charles P. Carey	Mgmt	Yes	For	For
1.3	Elect Director Mark E. Cermak	Mgmt	Yes	For	For
1.4	Elect Director Martin J. Gepsman	Mgmt	Yes	For	For
1.5	Elect Director Leo Melamed	Mgmt	Yes	For	For
1.6	Elect Director Joseph Niciforo	Mgmt	Yes	For	For
1.7	Elect Director C.C. Odom	Mgmt	Yes	For	For

Page 18 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

1.8	Elect Director John F. Sandner	Mgmt	Yes	For	For
1.9	Elect Director Dennis A. Suskind	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	10,800	10,800
		Totals:	10,800	10,800

General Dynamics Corporation	Meeting Date
	05-May-10
Ticker: GD

CUSIP: 369550108

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Nicholas D. Chabraja	Mgmt	Yes	For	For
2	Elect Director James S. Crown	Mgmt	Yes	For	For
3	Elect Director William P. Fricks	Mgmt	Yes	For	For
4	Elect Director Jay L. Johnson	Mgmt	Yes	For	For
5	Elect Director George A. Joulwan	Mgmt	Yes	For	For
6	Elect Director Paul G. Kaminski	Mgmt	Yes	For	For
7	Elect Director John M. Keane	Mgmt	Yes	For	For
8	Elect Director Lester L. Lyles	Mgmt	Yes	For	For
9	Elect Director William A. Osborn	Mgmt	Yes	For	For
10	Elect Director Robert Walmsley	Mgmt	Yes	For	For
11	Ratify Auditors	Mgmt	Yes	For	For
12	Report on Space-based Weapons Program	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	90,000	90,000
		Totals:	90,000	90,000

PepsiCo, Inc.	Meeting Date
	05-May-10
Ticker: PEP

CUSIP: 713448108

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Shona L. Brown	Mgmt	Yes	For	For
2	Elect Director Ian M. Cook	Mgmt	Yes	For	For

Page 19 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

3	Elect Director Dina Dublon	Mgmt	Yes	For	For
4	Elect Director Victor J. Dzau	Mgmt	Yes	For	For
5	Elect Director Ray L. Hunt	Mgmt	Yes	For	For
6	Elect Director Alberto Ibarguen	Mgmt	Yes	For	For
7	Elect Director Arthur C. Martinez	Mgmt	Yes	For	For
8	Elect Director Indra K. Nooyi	Mgmt	Yes	For	For
9	Elect Director Sharon P. Rockefeller	Mgmt	Yes	For	For
10	Elect Director James J. Schiro	Mgmt	Yes	For	For
11	Elect Director Lloyd G. Trotter	Mgmt	Yes	For	For
12	Elect Director Daniel Vasella	Mgmt	Yes	For	Against
13	Ratify Auditors	Mgmt	Yes	For	For
14	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
15	Report on Charitable Contributions	SH	Yes	Against	Against
16	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For
17	Report on Public Policy Advocacy Process	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	115,000	115,000
		Totals:	115,000	115,000

Ecolab Inc.	Meeting Date
	06-May-10
Ticker: ECL

CUSIP: 278865100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Arthur J. Higgins	Mgmt	Yes	For	For
2	Elect Director Joel W. Johnson	Mgmt	Yes	For	For
3	Elect Director C. Scott O’Hara	Mgmt	Yes	For	For
4	Ratify Auditors	Mgmt	Yes	For	For
5	Approve Omnibus Stock Plan	Mgmt	Yes	For	For
6	Declassify the Board of Directors	Mgmt	Yes	For	For
7	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For
8	Adopt Policy on Human Right to Water	SH	Yes	Against	Against
9	Amend Bylaws — Call Special Meetings	SH	Yes	Against	Against

Page 20 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	215,000	215,000
		Totals:	215,000	215,000

Fluor Corporation	Meeting Date
	06-May-10
Ticker: FLR

CUSIP: 343412102

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director James T. Hackett	Mgmt	Yes	For	For
2	Elect Director Kent Kresa	Mgmt	Yes	For	For
3	Elect Director Nader H. Sultan	Mgmt	Yes	For	For
4	Ratify Auditors	Mgmt	Yes	For	For
5	Require Independent Board Chairman	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	100,000	100,000
		Totals:	100,000	100,000

Union Pacific Corporation	Meeting Date
	06-May-10
Ticker: UNP

CUSIP: 907818108

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Andrew H. Card, Jr.	Mgmt	Yes	For	For
2	Elect Director Erroll B. Davis, Jr.	Mgmt	Yes	For	For
3	Elect Director Thomas J. Donohue	Mgmt	Yes	For	For
4	Elect Director Archie W. Dunham	Mgmt	Yes	For	For
5	Elect Director Judith Richards Hope	Mgmt	Yes	For	For
6	Elect Director Charles C. Krulak	Mgmt	Yes	For	For
7	Elect Director Michael R. McCarthy	Mgmt	Yes	For	For
8	Elect Director Michael W. McConnell	Mgmt	Yes	For	For
9	Elect Director Thomas F. McLarty III	Mgmt	Yes	For	For
10	Elect Director Steven R. Rogel	Mgmt	Yes	For	For
11	Elect Director Jose H. Villarreal	Mgmt	Yes	For	For
12	Elect Director James R. Young	Mgmt	Yes	For	For

Page 21 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

13	Ratify Auditors	Mgmt	Yes	For	For
14	Require Independent Board Chairman	SH	Yes	Against	Against
15	Reduce Supermajority Vote Requirement	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	157,800	157,800
		Totals:	157,800	157,800

United Parcel Service, Inc.	Meeting Date
	06-May-10
Ticker: UPS

CUSIP: 911312106

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director F. Duane Ackerman	Mgmt	Yes	For	For
1.2	Elect Director Michael J. Burns	Mgmt	Yes	For	For
1.3	Elect Director D. Scott Davis	Mgmt	Yes	For	For
1.4	Elect Director Stuart E. Eizenstat	Mgmt	Yes	For	For
1.5	Elect Director Michael L. Eskew	Mgmt	Yes	For	For
1.6	Elect Director William R. Johnson	Mgmt	Yes	For	For
1.7	Elect Director Ann M. Livermore	Mgmt	Yes	For	Withhold
1.8	Elect Director Rudy Markham	Mgmt	Yes	For	For
1.9	Elect Director John W. Thompson	Mgmt	Yes	For	For
1.10	Elect Director Carol B. Tome	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Adopt Majority Voting for Uncontested Election of Directors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	103,000	103,000
		Totals:	103,000	103,000

Colgate-Palmolive Company	Meeting Date
	07-May-10
Ticker: CL

CUSIP: 194162103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director John T. Cahill	Mgmt	Yes	For	For
2	Elect Director Ian Cook	Mgmt	Yes	For	For

Page 22 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

3	Elect Director Helene D. Gayle	Mgmt	Yes	For	For
4	Elect Director Ellen M. Hancock	Mgmt	Yes	For	For
5	Elect Director Joseph Jimenez	Mgmt	Yes	For	For
6	Elect Director David W. Johnson	Mgmt	Yes	For	For
7	Elect Director Richard J. Kogan	Mgmt	Yes	For	For
8	Elect Director Delano E. Lewis	Mgmt	Yes	For	For
9	Elect Director J. Pedro Reinhard	Mgmt	Yes	For	For
10	Elect Director Stephen I. Sadove	Mgmt	Yes	For	For
11	Ratify Auditors	Mgmt	Yes	For	For
12	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For
13	Report on Charitable Contributions	SH	Yes	Against	Against
14	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	60,000	60,000
		Totals:	60,000	60,000

Occidental Petroleum Corporation	Meeting Date
	07-May-10
Ticker: OXY

CUSIP: 674599105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Spencer Abraham	Mgmt	Yes	For	For
2	Elect Director John S. Chalsty	Mgmt	Yes	For	For
3	Elect Director Stephen I. Chazen	Mgmt	Yes	For	For
4	Elect Director Edward P. Djerejian	Mgmt	Yes	For	For
5	Elect Director John E. Feick	Mgmt	Yes	For	For
6	Elect Director Carlos M. Gutierrez	Mgmt	Yes	For	For
7	Elect Director Ray R. Irani	Mgmt	Yes	For	For
8	Elect Director Irvin W. Maloney	Mgmt	Yes	For	For
9	Elect Director Avedick B. Poladian	Mgmt	Yes	For	For
10	Elect Director Rodolfo Segovia	Mgmt	Yes	For	For
11	Elect Director Aziz D. Syriani	Mgmt	Yes	For	For
12	Elect Director Rosemary Tomich	Mgmt	Yes	For	For
13	Elect Director Walter L. Weisman	Mgmt	Yes	For	For
14	Ratify Auditors	Mgmt	Yes	For	For

Page 23 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

15	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
16	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	Against
17	Limit Executive Compensation	SH	Yes	Against	Against
18	Require Independent Board Chairman	SH	Yes	Against	For
19	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For
20	Report on Host Country Social and Environmental Laws	SH	Yes	Against	Against
21	Require a Majority Vote for the Election of Directors	SH	Yes	Against	For
22	Report on Policy for Increasing Safety by Reducing Hazardous Substance Usage and Re-locating Facilities	SH	Yes	Against	Against
23	Double Trigger on Equity Plans	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	36,000	36,000
		Totals:	36,000	36,000

The Goldman Sachs Group, Inc.	Meeting Date
	07-May-10
Ticker: GS

CUSIP: 38141G104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Lloyd C. Blankfein	Mgmt	Yes	For	For
1.2	Elect Director John H. Bryan	Mgmt	Yes	For	For
1.3	Elect Director Gary D. Cohn	Mgmt	Yes	For	For
1.4	Elect Director Claes Dahlbäck	Mgmt	Yes	For	For
1.5	Elect Director Stephen Friedman	Mgmt	Yes	For	For
1.6	Elect Director William W. George	Mgmt	Yes	For	For
1.7	Elect Director James A. Johnson	Mgmt	Yes	For	For
1.8	Elect Director Lois D. Juliber	Mgmt	Yes	For	For
1.9	Elect Director Lakshmi N. Mittal	Mgmt	Yes	For	For
1.10	Elect Director James J. Schiro	Mgmt	Yes	For	For
1.11	Elect Director H. Lee Scott, Jr.	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For
4	Reduce Supermajority Vote Requirement	Mgmt	Yes	For	For
5	Provide Right to Call Special Meeting	Mgmt	Yes	For	For
6	Provide for Cumulative Voting	SH	Yes	Against	Against
7	Report on Collateral in Derivatives Trading	SH	Yes	Against	Against

Page 24 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

8	Require Independent Board Chairman	SH	Yes	Against	Against
9	Report on Political Contributions	SH	Yes	Against	Against
10	Report on Global Warming Science	SH	Yes	Against	Against
11	Report on Pay Disparity	SH	Yes	Against	Against
12	Stock Retention/Holding Period	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	50,000	50,000
		Totals:	50,000	50,000

Gilead Sciences, Inc.	Meeting Date
	11-May-10
Ticker: GILD

CUSIP: 375558103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Paul Berg	Mgmt	Yes	For	For
1.2	Elect Director John F. Cogan	Mgmt	Yes	For	For
1.3	Elect Director Etienne F. Davignon	Mgmt	Yes	For	For
1.4	Elect Director James M. Denny	Mgmt	Yes	For	For
1.5	Elect Director Carla A. Hills	Mgmt	Yes	For	For
1.6	Elect Director Kevin E. Lofton	Mgmt	Yes	For	For
1.7	Elect Director John W. Madigan	Mgmt	Yes	For	For
1.8	Elect Director John C. Martin	Mgmt	Yes	For	For
1.9	Elect Director Gordon E. Moore	Mgmt	Yes	For	For
1.10	Elect Director Nicholas G. Moore	Mgmt	Yes	For	For
1.11	Elect Director Richard J. Whitley	Mgmt	Yes	For	For
1.12	Elect Director Gayle E. Wilson	Mgmt	Yes	For	For
1.13	Elect Director Per Wold-Olsen	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Reduce Supermajority Vote Requirement	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	430,000	430,000
		Totals:	430,000	430,000

Page 25 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

Philip Morris International Inc.	Meeting Date
	12-May-10
Ticker: PM

CUSIP: 718172109

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Harold Brown	Mgmt	Yes	For	For
2	Elect Director Mathis Cabiallavetta	Mgmt	Yes	For	For
3	Elect Director Louis C. Camilleri	Mgmt	Yes	For	For
4	Elect Director J. Dudley Fishburn	Mgmt	Yes	For	For
5	Elect Director Jennifer Li	Mgmt	Yes	For	For
6	Elect Director Graham Mackay	Mgmt	Yes	For	For
7	Elect Director Sergio Marchionne	Mgmt	Yes	For	For
8	Elect Director Lucio A. Noto	Mgmt	Yes	For	For
9	Elect Director Carlos Slim Helu	Mgmt	Yes	For	For
10	Elect Director Stephen M. Wolf	Mgmt	Yes	For	For
11	Ratify Auditors	Mgmt	Yes	For	For
12	Report on Effect of Marketing Practices on the Poor	SH	Yes	Against	Against
13	Establish Supplier Human Rights Purchasing Protocols	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	145,000	145,000
		Totals:	145,000	145,000

Wynn Resorts, Limited	Meeting Date
	12-May-10
Ticker: WYNN

CUSIP: 983134107

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Stephen A. Wynn	Mgmt	Yes	For	For
1.2	Elect Director Ray R. Irani	Mgmt	Yes	For	For
1.3	Elect Director Alvin V. Shoemaker	Mgmt	Yes	For	For
1.4	Elect Director D. Boone Wayson	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	67,100	67,100
		Totals:	67,100	67,100

Page 26 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

Google Inc.	Meeting Date
	13-May-10
Ticker: GOOG

CUSIP: 38259P508

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Eric Schmidt	Mgmt	Yes	For	For
1.2	Elect Director Sergey Brin	Mgmt	Yes	For	For
1.3	Elect Director Larry Page	Mgmt	Yes	For	For
1.4	Elect Director L. John Doerr	Mgmt	Yes	For	For
1.5	Elect Director John L. Hennessy	Mgmt	Yes	For	For
1.6	Elect Director Ann Mather	Mgmt	Yes	For	For
1.7	Elect Director Paul S. Otellini	Mgmt	Yes	For	For
1.8	Elect Director K. Ram Shriram	Mgmt	Yes	For	For
1.9	Elect Director Shirley M. Tilghman	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
4	Prepare Sustainability Report	SH	Yes	Against	Abstain
5	Adopt Principles for Online Advertising	SH	Yes	Against	Against
6	Amend Human Rights Policies Regarding Chinese Operations	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	53,000	53,000
		Totals:	53,000	53,000

Starwood Hotels & Resorts Worldwide, Inc.	Meeting Date
	13-May-10
Ticker: HOT

CUSIP: 85590A401

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Adam M. Aron	Mgmt	Yes	For	For
1.2	Elect Director Charlene Barshefsky	Mgmt	Yes	For	For
1.3	Elect Director Thomas E. Clarke	Mgmt	Yes	For	For
1.4	Elect Director Clayton C. Daley, Jr.	Mgmt	Yes	For	For
1.5	Elect Director Bruce W. Duncan	Mgmt	Yes	For	For
1.6	Elect Director Lizanne Galbreath	Mgmt	Yes	For	For
1.7	Elect Director Eric Hippeau	Mgmt	Yes	For	For

Page 27 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

1.8	Elect Director Stephen R. Quazzo	Mgmt	Yes	For	For
1.9	Elect Director Thomas O. Ryder	Mgmt	Yes	For	For
1.10	Elect Director Frits van Paasschen	Mgmt	Yes	For	For
1.11	Elect Director Kneeland C. Youngblood	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Executive Incentive Bonus Plan	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	90,000	90,000
		Totals:	90,000	90,000

The Charles Schwab Corporation	Meeting Date
	13-May-10
Ticker: SCHW

CUSIP: 808513105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Arun Sarin	Mgmt	Yes	For	For
1.2	Elect Director Paula A. Sneed	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Executive Incentive Bonus Plan	Mgmt	Yes	For	For
4	Report on Political Contributions	SH	Yes	Against	Against
5	Adopt a Policy in which the Company will not Make or Promise to Make Any Death Benefit Payments to Senior Executives	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	545,000	545,000
		Totals:	545,000	545,000

The Dow Chemical Company	Meeting Date
	13-May-10
Ticker: DOW

CUSIP: 260543103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Arnold A. Allemang	Mgmt	Yes	For	For
2	Elect Director Jacqueline K. Barton	Mgmt	Yes	For	For
3	Elect Director James A. Bell	Mgmt	Yes	For	For
4	Elect Director Jeff M. Fettig	Mgmt	Yes	For	For

Page 28 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

5	Elect Director Barbara H. Franklin	Mgmt	Yes	For	For
6	Elect Director John B. Hess	Mgmt	Yes	For	For
7	Elect Director Andrew N. Liveris	Mgmt	Yes	For	For
8	Elect Director Paul Polman	Mgmt	Yes	For	For
9	Elect Director Dennis H. Reilley	Mgmt	Yes	For	For
10	Elect Director James M. Ringler	Mgmt	Yes	For	For
11	Elect Director Ruth G. Shaw	Mgmt	Yes	For	For
12	Elect Director Paul G. Stern	Mgmt	Yes	For	For
13	Ratify Auditors	Mgmt	Yes	For	For
14	Provide Right to Call Special Meeting	Mgmt	Yes	For	For
15	Report on Environmental Remediation in Midland Area	SH	Yes	Against	Against
16	Stock Retention/Holding Period	SH	Yes	Against	Against
17	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	185,000	185,000
		Totals:	185,000	185,000

Vertex Pharmaceuticals Incorporated	Meeting Date
	13-May-10
Ticker: VRTX

CUSIP: 92532F100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Joshua Boger	Mgmt	Yes	For	For
1.2	Elect Director Charles A. Sanders	Mgmt	Yes	For	For
1.3	Elect Director Elaine S. Ullian	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	58,000	58,000
		Totals:	58,000	58,000

Page 29 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

Transocean Ltd.	Meeting Date
	14-May-10
Ticker: RIG

CUSIP: H8817H100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Approve Discharge of Board and Senior Management	Mgmt	Yes	For	For
3	Approve Allocation of Income and Omission of Dividends	Mgmt	Yes	For	For
4	Change Location of Registered Office to Steinhausen, Switzerland	Mgmt	Yes	For	For
5	Approve Creation of CHF 2.5 Billion Pool of Capital without Preemptive Rights	Mgmt	Yes	For	For
6	Approve Reduction in Share Capita and Repayment of $3.11 per Sharel	Mgmt	Yes	For	For
7	Amend Articles Re: Share Certificates due to New Swiss Federal Act on Intermediated Securities	Mgmt	Yes	For	For
8a	Elect Steven Newman as Director	Mgmt	Yes	For	For
8b	Reelect Thomas Carson as Director	Mgmt	Yes	For	For
8c	Reelect Robert Sprague as Director	Mgmt	Yes	For	For
8d	Reelect J. Michael Talbert as Director	Mgmt	Yes	For	For
8e	Reelect John Whitmire as Director	Mgmt	Yes	For	For
9	Appointment Of Ernst & Young LLP as Independent Registered Public Accounting Firm for Fiscal Year 2010	Mgmt	Yes	For	For
10	Transact Other Business (Voting)	Mgmt	Yes	For	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	85,000	85,000
		Totals:	85,000	85,000

Invesco Ltd. (formerly INVESCO plc)	Meeting Date
	18-May-10
Ticker: IVZ

CUSIP: G491BT108

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Joseph R. Canion as Director	Mgmt	Yes	For	For
1.2	Elect Edward P. Lawrence as Director	Mgmt	Yes	For	For
1.3	Elect James I. Robertson as Director	Mgmt	Yes	For	For
1.4	Elect Phoebe A. Wood as Director	Mgmt	Yes	For	For
2	Ratify Ernst & Young LLP as Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	220,000	220,000
		Totals:	220,000	220,000

Page 30 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

JPMorgan Chase & Co.	Meeting Date
	18-May-10
Ticker: JPM

CUSIP: 46625H100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Crandall C. Bowles	Mgmt	Yes	For	For
1.2	Elect Director Stephen B. Burke	Mgmt	Yes	For	For
1.3	Elect Director David M. Cote	Mgmt	Yes	For	For
1.4	Elect Director James S. Crown	Mgmt	Yes	For	For
1.5	Elect Director James Dimon	Mgmt	Yes	For	For
1.6	Elect Director Ellen V. Futter	Mgmt	Yes	For	For
1.7	Elect Director William H. Gray, III	Mgmt	Yes	For	For
1.8	Elect Director Laban P. Jackson, Jr.	Mgmt	Yes	For	For
1.9	Elect Director David C. Novak	Mgmt	Yes	For	For
1.10	Elect Director Lee R. Raymond	Mgmt	Yes	For	For
1.11	Elect Director William C. Weldon	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For
4	Affirm Political Non-Partisanship	SH	Yes	Against	For
5	Amend Bylaws — Call Special Meetings	SH	Yes	Against	For
6	Report on Collateral in Derivatives Trading	SH	Yes	Against	For
7	Provide Right to Act by Written Consent	SH	Yes	Against	For
8	Require Independent Board Chairman	SH	Yes	Against	Against
9	Report on Pay Disparity	SH	Yes	Against	Against
10	Stock Retention/Holding Period	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	200,000	200,000
		Totals:	200,000	200,000

Page 31 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

Morgan Stanley	Meeting Date
	18-May-10
Ticker: MS

CUSIP: 617446448

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Roy J. Bostock	Mgmt	Yes	For	For
2	Elect Director Erskine B. Bowles	Mgmt	Yes	For	For
3	Elect Director Howard J. Davies	Mgmt	Yes	For	For
4	Elect Director James P. Gorman	Mgmt	Yes	For	For
5	Elect Director James H. Hance, Jr.	Mgmt	Yes	For	For
6	Elect Director Nobuyuki Hirano	Mgmt	Yes	For	For
7	Elect Director C. Robert Kidder	Mgmt	Yes	For	For
8	Elect Director John J. Mack	Mgmt	Yes	For	For
9	Elect Director Donald T. Nicolaisen	Mgmt	Yes	For	For
10	Elect Director Charles H. Noski	Mgmt	Yes	For	For
11	Elect Director Hutham S. Olayan	Mgmt	Yes	For	For
12	Elect Director O. Griffith Sexton	Mgmt	Yes	For	For
13	Elect Director Laura D. Tyson	Mgmt	Yes	For	For
14	Ratify Auditors	Mgmt	Yes	For	For
15	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For
16	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
17	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For
18	Stock Retention/Holding Period	SH	Yes	Against	Against
19	Require Independent Board Chairman	SH	Yes	Against	For
20	Report on Pay Disparity	SH	Yes	Against	Against
21	Claw-back of Payments under Restatements	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	60,000	60,000
		Totals:	60,000	60,000

Southwestern Energy Company	Meeting Date
	18-May-10
Ticker: SWN

CUSIP: 845467109

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Lewis E. Epley, Jr.	Mgmt	Yes	For	For
1.2	Elect Director Robert L. Howard	Mgmt	Yes	For	For
1.3	Elect Director Harold M. Korell	Mgmt	Yes	For	For
1.4	Elect Director Vello A. Kuuskraa	Mgmt	Yes	For	For
1.5	Elect Director Kenneth R. Mourton	Mgmt	Yes	For	For
1.6	Elect Director Steven L. Mueller	Mgmt	Yes	For	For

Page 32 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

1.7	Elect Director Charles E. Scharlau	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Increase Authorized Common Stock	Mgmt	Yes	For	For
4	Require a Majority Vote for the Election of Directors	SH	Yes	Against	For
5	Report on Political Contributions	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	95,000	95,000
		Totals:	95,000	95,000

Halliburton Company	Meeting Date
	19-May-10
Ticker: HAL

CUSIP: 406216101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director A.M. Bennett	Mgmt	Yes	For	For
2	Elect Director J.R. Boyd	Mgmt	Yes	For	For
3	Elect Director M. Carroll	Mgmt	Yes	For	For
4	Elect Director N.K. Dicciani	Mgmt	Yes	For	For
5	Elect Director S.M. Gillis	Mgmt	Yes	For	For
6	Elect Director J.T. Hackett	Mgmt	Yes	For	For
7	Elect Director D.J. Lesar	Mgmt	Yes	For	For
8	Elect Director R.A. Malone	Mgmt	Yes	For	For
9	Elect Director J.L. Martin	Mgmt	Yes	For	For
10	Elect Director D.L. Reed	Mgmt	Yes	For	For
11	Ratify Auditors	Mgmt	Yes	For	For
12	Review and Assess Human Rights Policies	SH	Yes	Against	Against
13	Report on Political Contributions	SH	Yes	Against	Against
14	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
15	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	335,000	335,000
		Totals:	335,000	335,000

Page 33 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

Altria Group, Inc.	Meeting Date
	20-May-10
Ticker: MO

CUSIP: 02209S103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Elizabeth E. Bailey	Mgmt	Yes	For	For
2	Elect Director Gerald L. Baliles	Mgmt	Yes	For	For
3	Elect Director John T. Casteen III	Mgmt	Yes	For	For
4	Elect Director Dinyar S. Devitre	Mgmt	Yes	For	For
5	Elect Director Thomas F. Farrell II	Mgmt	Yes	For	For
6	Elect Director Robert E. R. Huntley	Mgmt	Yes	For	For
7	Elect Director Thomas W. Jones	Mgmt	Yes	For	For
8	Elect Director George Munoz	Mgmt	Yes	For	For
9	Elect Director Nabil Y. Sakkab	Mgmt	Yes	For	For
10	Elect Director Michael E. Szymanczyk	Mgmt	Yes	For	For
11	Approve Omnibus Stock Plan	Mgmt	Yes	For	For
12	Ratify Auditors	Mgmt	Yes	For	For
13	Report on Effect of Marketing Practices on the Poor	SH	Yes	Against	Against
14	Adopt Human Rights Protocols for Company and Suppliers	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	195,000	195,000
		Totals:	195,000	195,000

Broadcom Corporation	Meeting Date
	20-May-10
Ticker: BRCM

CUSIP: 111320107

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Joan L. Amble	Mgmt	Yes	For	For
1.2	Elect Director Nancy H. Handel	Mgmt	Yes	For	For
1.3	Elect Director Eddy W. Hartenstein	Mgmt	Yes	For	For
1.4	Elect Director John E. Major	Mgmt	Yes	For	For
1.5	Elect Director Scott A. McGregor	Mgmt	Yes	For	For
1.6	Elect Director William T. Morrow	Mgmt	Yes	For	For
1.7	Elect Director Robert E. Switz	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Page 34 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	50,000	50,000
		Totals:	50,000	50,000

Lorillard, Inc.	Meeting Date
	20-May-10
Ticker: LO
CUSIP: 544147101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Virgis W. Colbert	Mgmt	Yes	For	For
1.2	Elect Director Richard W. Roedel	Mgmt	Yes	For	For
1.3	Elect Director David H. Taylor	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	88,300	88,300
		Totals:	88,300	88,300

McDonald’s Corporation	Meeting Date
	20-May-10
Ticker: MCD
CUSIP: 580135101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Walter E. Massey	Mgmt	Yes	For	For
2	Elect Director John W. Rogers, Jr.	Mgmt	Yes	For	For
3	Elect Director Roger W. Stone	Mgmt	Yes	For	For
4	Elect Director Miles D. White	Mgmt	Yes	For	For
5	Ratify Auditors	Mgmt	Yes	For	For
6	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
7	Reduce Supermajority Vote Requirement	SH	Yes	Against	For
8	Require Suppliers to Adopt CAK	SH	Yes	Against	Against
9	Adopt Cage-Free Eggs Purchasing Policy	SH	Yes	Against	Against

Page 35 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	202,000	202,000
		Totals:	202,000	202,000

YUM! Brands, Inc.	Meeting Date
	20-May-10
Ticker: YUM
CUSIP: 988498101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director David W. Dorman	Mgmt	Yes	For	For
2	Elect Director Massimo Ferragamo	Mgmt	Yes	For	For
3	Elect Director J. David Grissom	Mgmt	Yes	For	For
4	Elect Director Bonnie G. Hill	Mgmt	Yes	For	For
5	Elect Director Robert Holland, Jr.	Mgmt	Yes	For	For
6	Elect Director Kenneth G. Langone	Mgmt	Yes	For	For
7	Elect Director Jonathan S. Linen	Mgmt	Yes	For	For
8	Elect Director Thomas C. Nelson	Mgmt	Yes	For	For
9	Elect Director David C. Novak	Mgmt	Yes	For	For
10	Elect Director Thomas M. Ryan	Mgmt	Yes	For	For
11	Elect Director Jing-Shyh S. Su	Mgmt	Yes	For	For
12	Elect Director Robert D. Walter	Mgmt	Yes	For	For
13	Ratify Auditors	Mgmt	Yes	For	For
14	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	80,000	80,000
		Totals:	80,000	80,000

BlackRock, Inc.	Meeting Date
	24-May-10
Ticker: BLK
CUSIP: 09247X101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Abdlatif Yousef Al-Hamad	Mgmt	Yes	For	For
1.2	Elect Director Mathis Cabiallavetta	Mgmt	Yes	For	For
1.3	Elect Director Dennis D. Dammerman	Mgmt	Yes	For	For

Page 36 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

1.4	Elect Director Robert E. Diamond, Jr.	Mgmt	Yes	For	For
1.5	Elect Director David H. Komansky	Mgmt	Yes	For	For
1.6	Elect Director James E. Rohr	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	Against
3	Amend Executive Incentive Bonus Plan	Mgmt	Yes	For	For
4	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	20,000	20,000
		Totals:	20,000	20,000

Exxon Mobil Corporation	Meeting Date
	26-May-10
Ticker: XOM
CUSIP: 30231G102

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director M.J. Boskin	Mgmt	Yes	For	For
1.2	Elect Director P. Brabeck-Letmathe	Mgmt	Yes	For	For
1.3	Elect Director L.R. Faulkner	Mgmt	Yes	For	For
1.4	Elect Director J.S. Fishman	Mgmt	Yes	For	For
1.5	Elect Director K.C. Frazier	Mgmt	Yes	For	For
1.6	Elect Director W.W. George	Mgmt	Yes	For	For
1.7	Elect Director M.C. Nelson	Mgmt	Yes	For	For
1.8	Elect Director S.J. Palmisano	Mgmt	Yes	For	For
1.9	Elect Director S.C. Reinemund	Mgmt	Yes	For	For
1.10	Elect Director R.W. Tillerson	Mgmt	Yes	For	For
1.11	Elect Director E.E. Whitacre, Jr.	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For
4	Reincorporate in Another State [from New Jersey to North Dakota]	SH	Yes	Against	Against
5	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
6	Amend EEO Policy to Prohibit Discrimination based on Sexual Orientation and Gender Identity	SH	Yes	Against	Against
7	Adopt Policy on Human Right to Water	SH	Yes	Against	Against
8	Adopt Policy to Address Coastal Louisiana Environmental Impacts	SH	Yes	Against	Against
9	Report on Environmental Impact of Oil Sands Operations in Canada	SH	Yes	Against	For

Page 37 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

10	Report on Environmental Impacts of Natural Gas Fracturing	SH	Yes	Against	For
11	Report on Energy Technologies Development	SH	Yes	Against	Against
12	Adopt Quantitative GHG Goals from Products and Operations	SH	Yes	Against	For
13	Report on Risks of Alternative Long-term Fossil Fuel Demand Estimates	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	30,000	30,000
		Totals:	30,000	30,000

Lowe’s Companies, Inc.	Meeting Date
	28-May-10
Ticker: LOW
CUSIP: 548661107

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director David W. Bernauer	Mgmt	Yes	For	For
1.2	Elect Director Leonard L. Berry	Mgmt	Yes	For	For
1.3	Elect Director Dawn E. Hudson	Mgmt	Yes	For	For
1.4	Elect Director Robert A. Niblock	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Provide Right to Call Special Meeting	Mgmt	Yes	For	For
4	Report on Political Contributions	SH	Yes	Against	Against
5	Require Independent Board Chairman	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	230,000	230,000
		Totals:	230,000	230,000

American Eagle Outfitters, Inc.	Meeting Date
	09-Jun-10
Ticker: AEO
CUSIP: 02553E106

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Alan T. Kane	Mgmt	Yes	For	For
2	Elect Director Cary D. McMillan	Mgmt	Yes	For	For
3	Elect Director James V. O’Donnell	Mgmt	Yes	For	For
4	Ratify Auditors	Mgmt	Yes	For	For

Page 38 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	45,000	45,000
		Totals:	45,000	45,000

Target Corporation	Meeting Date
	09-Jun-10
Ticker: TGT
CUSIP: 87612E106

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Calvin Darden	Mgmt	Yes	For	For
2	Elect Director Anne M. Mulcahy	Mgmt	Yes	For	For
3	Elect Director Stephen W. Sanger	Mgmt	Yes	For	For
4	Elect Director Gregg W. Steinhafel	Mgmt	Yes	For	For
5	Ratify Auditors	Mgmt	Yes	For	For
6	Declassify the Board of Directors	Mgmt	Yes	For	For
7	Reduce Supermajority Vote Requirement	Mgmt	Yes	For	For
8	Amend Articles of Incorporation	Mgmt	Yes	For	For
9	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Confirmed	70,000	70,000
		Totals:	70,000	70,000

Hansen Natural Corp.	Meeting Date
	10-Jun-10
Ticker: HANS
CUSIP: 411310105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Rodney C. Sacks	Mgmt	Yes	For	For
1.2	Elect Director Hilton H. Schlosberg	Mgmt	Yes	For	For
1.3	Elect Director Norman C. Epstein	Mgmt	Yes	For	For
1.4	Elect Director Benjamin M. Polk	Mgmt	Yes	For	For
1.5	Elect Director Sydney Selati	Mgmt	Yes	For	For
1.6	Elect Director Harold C. Taber, Jr.	Mgmt	Yes	For	For
1.7	Elect Director Mark S. Vidergauz	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Page 39 of 40

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 69 Ivy Capital Appreciation Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Sent	70,000	70,000
		Totals:	70,000	70,000

Ultra Petroleum Corp.	Meeting Date
	14-Jun-10
Ticker: UPL
CUSIP: 903914109

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Michael D. Watford as Director	Mgmt	Yes	For	For
1.2	Elect W. Charles Helton as Director	Mgmt	Yes	For	For
1.3	Elect Robert E. Rigney as Director	Mgmt	Yes	For	For
1.4	Elect Stephen J. McDaniel as Director	Mgmt	Yes	For	For
1.5	Elect Roger A. Brown as Director	Mgmt	Yes	For	For
2	Approve Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
3	Provide a Report Summarizing the Environmental Impact of Hydraulic Fracturing and Potential Policies that will Outline the Reduction or Elimination of Hazards to the Environment	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
69 Ivy Capital Appreciation Fund, 69	116060.1	Sent	130,000	130,000
		Totals:	130,000	130,000

Page 40 of 40

IVY CORE EQUITY FUND

Proxy Voting Record

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

Microchip Technology Incorporated	Meeting Date
	14-Aug-09
Ticker: MCHP

CUSIP: 595017104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Steve Sanghi	Mgmt	Yes	For	For
1.2	Elect Director Albert J. Hugo-martinez	Mgmt	Yes	For	For
1.3	Elect Director L.b. Day	Mgmt	Yes	For	For
1.4	Elect Director Matthew W. Chapman	Mgmt	Yes	For	For
1.5	Elect Director Wade F. Meyercord	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	179,000	179,000
		Totals:	179,000	179,000

Parker-Hannifin Corporation	Meeting Date
	28-Oct-09
Ticker: PH

CUSIP: 701094104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director William E. Kassling	Mgmt	Yes	For	For
1.2	Elect Director Robert J. Kohlhepp	Mgmt	Yes	For	For
1.3	Elect Director Giulio Mazzalupi	Mgmt	Yes	For	For
1.4	Elect Director Klaus-Peter Muller	Mgmt	Yes	For	For
1.5	Elect Director Joseph M. Scaminace	Mgmt	Yes	For	For
1.6	Elect Director Wolfgang R. Schmitt	Mgmt	Yes	For	For
1.7	Elect Director Markos I. Tambakeras	Mgmt	Yes	For	For
1.8	Elect Director James L. Wainscott	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Approve Omnibus Stock Plan	Mgmt	Yes	For	For
4	Require Independent Board Chairman	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	73,000	73,000
		Totals:	73,000	73,000

Page 1 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

Visa Inc.	Meeting Date
	20-Jan-10
Ticker: V
CUSIP: 92826C839

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Robert W. Matschullat	Mgmt	Yes	For	For
1.2	Elect Director Cathy E. Minehan	Mgmt	Yes	For	For
1.3	Elect Director David J. Pang	Mgmt	Yes	For	For
1.4	Elect Director William S. Shanahan	Mgmt	Yes	For	For
1.5	Elect Director John A. Swainson	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Sent	48,300	48,300
		Totals:	48,300	48,300

Air Products and Chemicals, Inc.	Meeting Date
	28-Jan-10
Ticker: APD
CUSIP: 009158106

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director William L. Davis, III	Mgmt	Yes	For	For
1.2	Elect Director W. Douglas Ford	Mgmt	Yes	For	For
1.3	Elect Director Evert Henkes	Mgmt	Yes	For	For
1.4	Elect Director Margaret G. McGlynn	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Omnibus Stock Plan	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Sent	33,759	33,759
		Totals:	33,759	33,759

Page 2 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

Costco Wholesale Corporation	Meeting Date
	28-Jan-10
Ticker: COST
CUSIP: 22160K105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director B.S. Carson, Sr., M.D.	Mgmt	Yes	For	For
1.2	Elect Director William H. Gates	Mgmt	Yes	For	For
1.3	Elect Director Hamilton E. James	Mgmt	Yes	For	For
1.4	Elect Director Jill S. Ruckelshaus	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Sent	63,400	63,400
		Totals:	63,400	63,400

Bank of America Corp.	Meeting Date
	23-Feb-10
Ticker: BAC
CUSIP: 060505104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Increase Authorized Common Stock	Mgmt	Yes	For	For
2	Adjourn Meeting	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	422,700	422,700
		Totals:	422,700	422,700

Apple Inc.	Meeting Date
	25-Feb-10
Ticker: AAPL
CUSIP: 037833100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director William V. Campbell	Mgmt	Yes	For	For
1.2	Elect Director Millard S. Drexler	Mgmt	Yes	For	For
1.3	Elect Director Albert A. Gore, Jr.	Mgmt	Yes	For	For

Page 3 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

1.4	Elect Director Steven P. Jobs	Mgmt	Yes	For	For
1.5	Elect Director Andrea Jung	Mgmt	Yes	For	For
1.6	Elect Director Arthur D. Levinson	Mgmt	Yes	For	For
1.7	Elect Director Jerome B. York	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Amend Non-Employee Director Omnibus Stock Plan	Mgmt	Yes	For	For
4	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For
5	Ratify Auditors	Mgmt	Yes	For	For
6	Prepare Sustainability Report	SH	Yes	Against	Against
7	Establish Other Board Committee	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Sent	19,600	19,600
		Totals:	19,600	19,600

QUALCOMM Incorporated	Meeting Date
	02-Mar-10
Ticker: QCOM
CUSIP: 747525103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Barbara T. Alexander	Mgmt	Yes	For	For
1.2	Elect Director Stephen M. Bennett	Mgmt	Yes	For	For
1.3	Elect Director Donald G. Cruickshank	Mgmt	Yes	For	For
1.4	Elect Director Raymond V. Dittamore	Mgmt	Yes	For	For
1.5	Elect Director Thomas W. Horton	Mgmt	Yes	For	For
1.6	Elect Director Irwin Mark Jacobs	Mgmt	Yes	For	For
1.7	Elect Director Paul E. Jacobs	Mgmt	Yes	For	For
1.8	Elect Director Robert E. Kahn	Mgmt	Yes	For	For
1.9	Elect Director Sherry Lansing	Mgmt	Yes	For	For
1.10	Elect Director Duane A. Nelles	Mgmt	Yes	For	For
1.11	Elect Director Brent Scowcroft	Mgmt	Yes	For	For
1.12	Elect Director Marc I. Stern	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Sent	147,700	147,700
		Totals:	147,700	147,700

Page 4 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

Applied Materials, Inc.	Meeting Date
	09-Mar-10
Ticker: AMAT
CUSIP: 038222105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Michael R. Splinter	Mgmt	Yes	For	For
1.2	Elect Director Aart J. de Geus	Mgmt	Yes	For	For
1.3	Elect Director Stephen R. Forrest	Mgmt	Yes	For	For
1.4	Elect Director Thomas J. Iannotti	Mgmt	Yes	For	For
1.5	Elect Director Susan M. James	Mgmt	Yes	For	For
1.6	Elect Director Alexander A. Karsner	Mgmt	Yes	For	For
1.7	Elect Director Gerhard H. Parker	Mgmt	Yes	For	For
1.8	Elect Director Dennis D. Powell	Mgmt	Yes	For	For
1.9	Elect Director Willem P. Roelandts	Mgmt	Yes	For	For
1.10	Elect Director James E. Rogers	Mgmt	Yes	For	Withhold
1.11	Elect Director Robert H. Swan	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Sent	373,800	373,800
		Totals:	373,800	373,800

Hewlett-Packard Company	Meeting Date
	17-Mar-10
Ticker: HPQ
CUSIP: 428236103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Marc L. Andreessen	Mgmt	Yes	For	For
1.2	Elect Director Lawrence T. Babbio, Jr.	Mgmt	Yes	For	For
1.3	Elect Director Sari M. Baldauf	Mgmt	Yes	For	For
1.4	Elect Director Rajiv L. Gupta	Mgmt	Yes	For	For
1.5	Elect Director John H. Hammergren	Mgmt	Yes	For	For

Page 5 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

1.6	Elect Director Mark V. Hurd	Mgmt	Yes	For	For
1.7	Elect Director Joel Z. Hyatt	Mgmt	Yes	For	For
1.8	Elect Director John R. Joyce	Mgmt	Yes	For	For
1.9	Elect Director Robert L. Ryan	Mgmt	Yes	For	For
1.10	Elect Director Lucille S. Salhany	Mgmt	Yes	For	For
1.11	Elect Director G. Kennedy Thompson	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
4	Company Request on Advisory Vote on Executive Compensation	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	155,600	155,600
		Totals:	155,600	155,600

Schlumberger Ltd.	Meeting Date
	07-Apr-10
Ticker: SLB
CUSIP: 806857108

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect P. Camus as Director	Mgmt	Yes	For	For
1.2	Elect P. Currie as Director	Mgmt	Yes	For	For
1.3	Elect J.S. Gorelick as Director	Mgmt	Yes	For	For
1.4	Elect A. Gould as Director	Mgmt	Yes	For	For
1.5	Elect T. Isaac as Director	Mgmt	Yes	For	For
1.6	Elect K.V. Kamath as Director	Mgmt	Yes	For	For
1.7	Elect N. Kudryavtsev as Director	Mgmt	Yes	For	For
1.8	Elect A. Lajous as Director	Mgmt	Yes	For	For
1.9	Elect M.E. Marks as Director	Mgmt	Yes	For	For
1.10	Elect L.R. Reif as Director	Mgmt	Yes	For	For
1.11	Elect T.I. Sandvold as Director	Mgmt	Yes	For	For
1.12	Elect H. Seydoux as Director	Mgmt	Yes	For	For
2	Adopt and Approve Financials and Dividends	Mgmt	Yes	For	For
3	Approve 2010 Omnibus Stock Incentive Plan	Mgmt	Yes	For	For
4	Amend Qualified Employee Stock Purchase Plan	Mgmt	Yes	For	For
5	Ratify PricewaterhouseCoopers LLP as Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Approved	68,876	68,876
		Totals:	68,876	68,876

Page 6 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

PACCAR Inc	Meeting Date
	20-Apr-10
Ticker: PCAR
CUSIP: 693718108

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Alison J. Carnwath	Mgmt	Yes	For	For
1.2	Elect Director Robert T. Parry	Mgmt	Yes	For	For
1.3	Elect Director John M. Pigott	Mgmt	Yes	For	For
1.4	Elect Director Gregory M.E. Spierkel	Mgmt	Yes	For	For
2	Reduce Supermajority Vote Requirement	SH	Yes	Against	For
3	Require a Majority Vote for the Election of Directors	SH	Yes	Against	For
4	Limit Composition of Committee(s) to Independent Directors	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Sent	39,843	39,843
		Totals:	39,843	39,843

The Coca-Cola Company	Meeting Date
	21-Apr-10
Ticker: KO
CUSIP: 191216100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Herbert A. Allen	Mgmt	Yes	For	For
2	Elect Director Ronald W. Allen	Mgmt	Yes	For	For
3	Elect Director Cathleen P. Black	Mgmt	Yes	For	For
4	Elect Director Barry Diller	Mgmt	Yes	For	For
5	Elect Director Alexis M. Herman	Mgmt	Yes	For	For
6	Elect Director Muhtar Kent	Mgmt	Yes	For	For
7	Elect Director Donald R. Keough	Mgmt	Yes	For	For
8	Elect Director Maria Elena Lagomasino	Mgmt	Yes	For	For
9	Elect Director Donald F. McHenry	Mgmt	Yes	For	For
10	Elect Director Sam Nunn	Mgmt	Yes	For	For

Page 7 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

11	Elect Director James D. Robinson III	Mgmt	Yes	For	For
12	Elect Director Peter V. Ueberroth	Mgmt	Yes	For	For
13	Elect Director Jacob Wallenberg	Mgmt	Yes	For	For
14	Elect Director James B. Williams	Mgmt	Yes	For	For
15	Ratify Auditors	Mgmt	Yes	For	For
16	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
17	Require Independent Board Chairman	SH	Yes	Against	For
18	Performance-Based Equity Awards	SH	Yes	Against	Against
19	Publish Report on Chemical Bisphenol A (BPA)	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	100,100	100,100
		Totals:	100,100	100,100

Comerica Incorporated	Meeting Date
	27-Apr-10
Ticker: CMA
CUSIP: 200340107

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Ralph W. Babb, Jr.	Mgmt	Yes	For	For
2	Elect Director James F. Cordes	Mgmt	Yes	For	For
3	Elect Director Jacqueline P. Kane	Mgmt	Yes	For	For
4	Ratify Auditors	Mgmt	Yes	For	For
5	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For
6	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
7	Declassify the Board of Directors	Mgmt	Yes	For	For
8	Eliminate Supermajority Vote Requirement	SH	Yes	Against	For
9	Claw-back of Payments under Restatements	SH	Yes	Against	For
10	Pay For Superior Performance	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	48,575	48,575
		Totals:	48,575	48,575

Page 8 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

LAZARD LTD	Meeting Date
	27-Apr-10
Ticker: LAZ
CUSIP: G54050102

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Laurent Mignon as Director	Mgmt	Yes	For	For
1.2	Elect Gary W. Parr as Director	Mgmt	Yes	For	For
1.3	Elect Hal S. Scott as Director	Mgmt	Yes	For	For
2	Amend Bye-laws Re: Removal Procedure for Chairman and CEO	Mgmt	Yes	For	For
3	Approve Deloitte & Touche LLP as Auditors and Authorize Board to Fix Their Remuneration Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	79,300	79,300
		Totals:	79,300	79,300

Noble Energy, Inc.	Meeting Date
	27-Apr-10
Ticker: NBL
CUSIP: 655044105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Jeffrey L. Berenson	Mgmt	Yes	For	For
2	Elect Director Michael A. Cawley	Mgmt	Yes	For	For
3	Elect Director Edward F. Cox	Mgmt	Yes	For	For
4	Elect Director Charles D. Davidson	Mgmt	Yes	For	For
5	Elect Director Thomas J. Edelman	Mgmt	Yes	For	Against
6	Elect Director Eric P. Grubman	Mgmt	Yes	For	For
7	Elect Director Kirby L. Hedrick	Mgmt	Yes	For	For
8	Elect Director Scott D. Urban	Mgmt	Yes	For	For
9	Elect Director William T. Van Kleef	Mgmt	Yes	For	For
10	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	42,000	42,000
		Totals:	42,000	42,000

Page 9 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

Wells Fargo & Company	Meeting Date
	27-Apr-10
Ticker: WFC
CUSIP: 949746101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Election Director John D. Baker II	Mgmt	Yes	For	For
2	Election Director John S. Chen	Mgmt	Yes	For	For
3	Election Director Lloyd H. Dean	Mgmt	Yes	For	For
4	Election Director Susan E. Engel	Mgmt	Yes	For	For
5	Election Director Enrique Hernandez, Jr.	Mgmt	Yes	For	For
6	Election Director Donald M. James	Mgmt	Yes	For	For
7	Election Director Richard D. McCormick	Mgmt	Yes	For	For
8	Election Director Mackey J. McDonald	Mgmt	Yes	For	For
9	Election Director Cynthia H. Milligan	Mgmt	Yes	For	For
10	Elect Director Nicholas G. Moore	Mgmt	Yes	For	For
11	Elect Director Philip J. Quigley	Mgmt	Yes	For	For
12	Elect Director Judith M. Runstad	Mgmt	Yes	For	For
13	Elect Director Stephen W. Sanger	Mgmt	Yes	For	For
14	Elect Director Robert K. Steel	Mgmt	Yes	For	For
15	Elect Director John G. Stumpf	Mgmt	Yes	For	For
16	Elect Director an G. Swenson	Mgmt	Yes	For	For
17	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	Against
18	Increase Authorized Common Stock	Mgmt	Yes	For	For
19	Ratify Auditors	Mgmt	Yes	For	For
20	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
21	Require Independent Board Chairman	SH	Yes	Against	For
22	Report on Charitable Contributions	SH	Yes	Against	Against
23	Report on Political Contributions	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	285,062	285,062
		Totals:	285,062	285,062

Bank of America Corporation	Meeting Date
	28-Apr-10
Ticker: BAC
CUSIP: 060505104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Susan S. Bies	Mgmt	Yes	For	For
2	Elect Director William P. Boardman	Mgmt	Yes	For	For

Page 10 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

3	Elect Director Frank P. Bramble, Sr.	Mgmt	Yes	For	For
4	Elect Director Virgis W. Colbert	Mgmt	Yes	For	For
5	Elect Director Charles K. Gifford	Mgmt	Yes	For	For
6	Elect Director Charles O. Holliday, Jr.	Mgmt	Yes	For	For
7	Elect Director D. Paul Jones, Jr.	Mgmt	Yes	For	For
8	Elect Director Monica C. Lozano	Mgmt	Yes	For	For
9	Elect Director Thomas J. May	Mgmt	Yes	For	For
10	Elect Director Brian T. Moynihan	Mgmt	Yes	For	For
11	Elect Director Donald E. Powell	Mgmt	Yes	For	For
12	Elect Director Charles O. Rossotti	Mgmt	Yes	For	For
13	Elect Director Robert W. Scully	Mgmt	Yes	For	For
14	Ratify Auditors	Mgmt	Yes	For	For
15	Increase Authorized Common Stock	Mgmt	Yes	For	For
16	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	Against
17	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
18	Report on Government Service of Employees	SH	Yes	Against	Against
19	TARP Related Compensation	SH	Yes	Against	Against
20	Amend Articles/Bylaws/Charter – Call Special Meetings	SH	Yes	Against	For
21	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
22	Adopt Policy on Succession Planning	SH	Yes	Against	Against
23	Report on Collateral in Derivatives Trading	SH	Yes	Against	Against
24	Claw-back of Payments under Restatements	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	478,720	478,720
		Totals:	478,720	478,720

Eaton Corporation	Meeting Date
	28-Apr-10
Ticker: ETN
CUSIP: 278058102

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Todd M. Bluedorn	Mgmt	Yes	For	For
2	Elect Director Christopher M. Connor	Mgmt	Yes	For	For
3	Elect Director Michael J. Critelli	Mgmt	Yes	For	For
4	Elect Director Charles E. Golden	Mgmt	Yes	For	For

Page 11 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

5	Elect Director Ernie Green	Mgmt	Yes	For	For
6	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	10,081	10,081
		Totals:	10,081	10,081

Textron Inc.	Meeting Date
	28-Apr-10
Ticker: TXT
CUSIP: 883203101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Kathleen M. Bader	Mgmt	Yes	For	For
2	Elect Director R. Kerry Clark	Mgmt	Yes	For	For
3	Elect Director Ivor J. Evans	Mgmt	Yes	For	For
4	Elect Director Lord Powell of Bayswater	Mgmt	Yes	For	For
5	Elect Director James L. Ziemer	Mgmt	Yes	For	For
6	Approve Option Exchange Program	Mgmt	Yes	For	For
7	Declassify the Board of Directors and Adjust Par Value of Preferred Stock	Mgmt	Yes	For	For
8	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	339,500	339,500
		Totals:	339,500	339,500

Capital One Financial Corporation	Meeting Date
	29-Apr-10
Ticker: COF
CUSIP: 14040H105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director W. Ronald Dietz	Mgmt	Yes	For	For
2	Elect Director Lewis Hay, III	Mgmt	Yes	For	For
3	Elect Director Mayo A. Shattuck III	Mgmt	Yes	For	For
4	Ratify Auditors	Mgmt	Yes	For	For
5	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For
6	Stock Retention/Holding Period	SH	Yes	Against	Against
7	Declassify the Board of Directors	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	233,200	233,200
		Totals:	233,200	233,200

Page 12 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

Baxter International Inc.	Meeting Date
	04-May-10
Ticker: BAX
CUSIP: 071813109

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Blake E. Devitt	Mgmt	Yes	For	For
2	Elect Director John D. Forsyth	Mgmt	Yes	For	For
3	Elect Director Gail D. Fosler	Mgmt	Yes	For	For
4	Elect Director Carole J. Shapazian	Mgmt	Yes	For	For
5	Ratify Auditors	Mgmt	Yes	For	For
6	Reduce Supermajority Vote Requirement	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	67,200	67,200
		Totals:	67,200	67,200

Altera Corporation	Meeting Date
	06-May-10
Ticker: ALTR
CUSIP: 021441100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director John P. Daane	Mgmt	Yes	For	For
2	Elect Director Robert J. Finocchio, Jr.	Mgmt	Yes	For	For
3	Elect Director Kevin McGarity	Mgmt	Yes	For	For
4	Elect Director T. Michael Nevens	Mgmt	Yes	For	For
5	Elect Director Krish A. Prabhu	Mgmt	Yes	For	For
6	Elect Director John Shoemaker	Mgmt	Yes	For	For
7	Elect Director Susan Wang	Mgmt	Yes	For	For
8	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
9	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
10	Amend Qualified Employee Stock Purchase Plan	Mgmt	Yes	For	For

Page 13 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

11	Ratify Auditors	Mgmt	Yes	For	For
12	Reduce Supermajority Vote Requirement	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	65,100	65,100
		Totals:	65,100	65,100

Union Pacific Corporation	Meeting Date
	06-May-10
Ticker: UNP
CUSIP: 907818108

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Andrew H. Card, Jr.	Mgmt	Yes	For	For
2	Elect Director Erroll B. Davis, Jr.	Mgmt	Yes	For	For
3	Elect Director Thomas J. Donohue	Mgmt	Yes	For	For
4	Elect Director Archie W. Dunham	Mgmt	Yes	For	For
5	Elect Director Judith Richards Hope	Mgmt	Yes	For	For
6	Elect Director Charles C. Krulak	Mgmt	Yes	For	For
7	Elect Director Michael R. McCarthy	Mgmt	Yes	For	For
8	Elect Director Michael W. McConnell	Mgmt	Yes	For	For
9	Elect Director Thomas F. McLarty III	Mgmt	Yes	For	For
10	Elect Director Steven R. Rogel	Mgmt	Yes	For	For
11	Elect Director Jose H. Villarreal	Mgmt	Yes	For	For
12	Elect Director James R. Young	Mgmt	Yes	For	For
13	Ratify Auditors	Mgmt	Yes	For	For
14	Require Independent Board Chairman	SH	Yes	Against	Against
15	Reduce Supermajority Vote Requirement	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	104,400	104,400
		Totals:	104,400	104,400

Page 14 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

ArcelorMittal	Meeting Date
	11-May-10
Ticker: N/A

CUSIP: N/A

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Meeting for ADR Holders	Mgmt	No
1	Receive and Approve Directors’ and Auditors’ Reports	Mgmt	No
2	Accept Consolidated Financial Statements	Mgmt	Yes	For	For
3	Accept Financial Statements	Mgmt	Yes	For	For
4	Approve Allocation of Income and Dividends of USD 0.75 per Share	Mgmt	Yes	For	For
5	Approve Remuneration of Directors	Mgmt	Yes	For	For
6	Approve Discharge of Directors	Mgmt	Yes	For	For
7	Acknowledge Cooptation of Jeannot Krecke as Director	Mgmt	Yes	For	For
8	Reelect Vanisha Mittal Bhatia as Director	Mgmt	Yes	For	For
9	Elect Jeannot Krecke as Director	Mgmt	Yes	For	For
10	Approve Share Repurchase Program	Mgmt	Yes	For	For
11	Ratify Deloitte SA as Auditors	Mgmt	Yes	For	For
12	Approve Share Plan Grant	Mgmt	Yes	For	For
13	Approve Employee Stock Purchase Plan	Mgmt	Yes	For	For
14	Waive Requirement for Mandatory Offer to All Shareholders	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	48,200	48,200
		Totals:	48,200	48,200

Gilead Sciences, Inc.	Meeting Date
	11-May-10
Ticker: GILD

CUSIP: 375558103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Paul Berg	Mgmt	Yes	For	For
1.2	Elect Director John F. Cogan	Mgmt	Yes	For	For
1.3	Elect Director Etienne F. Davignon	Mgmt	Yes	For	For
1.4	Elect Director James M. Denny	Mgmt	Yes	For	For
1.5	Elect Director Carla A. Hills	Mgmt	Yes	For	For
1.6	Elect Director Kevin E. Lofton	Mgmt	Yes	For	For
1.7	Elect Director John W. Madigan	Mgmt	Yes	For	For
1.8	Elect Director John C. Martin	Mgmt	Yes	For	For
1.9	Elect Director Gordon E. Moore	Mgmt	Yes	For	For
1.10	Elect Director Nicholas G. Moore	Mgmt	Yes	For	For
1.11	Elect Director Richard J. Whitley	Mgmt	Yes	For	For

Page 15 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

1.12	Elect Director Gayle E. Wilson	Mgmt	Yes	For	For
1.13	Elect Director Per Wold-Olsen	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Reduce Supermajority Vote Requirement	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	12,200	12,200
		Totals:	12,200	12,200

Amgen, Inc.	Meeting Date
	12-May-10
Ticker: AMGN

CUSIP: 031162100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Dr. David Baltimore	Mgmt	Yes	For	For
2	Elect Director Frank J. Biondi, Jr.	Mgmt	Yes	For	For
3	Elect Director Francois De Carbonnel	Mgmt	Yes	For	For
4	Elect Director Jerry D. Choate	Mgmt	Yes	For	For
5	Elect Director Dr. Vance D. Coffman	Mgmt	Yes	For	For
6	Elect Director Frederick W. Gluck	Mgmt	Yes	For	For
7	Elect Director Dr. Rebecca M. Henderson	Mgmt	Yes	For	For
8	Elect Director Frank C. Herringer	Mgmt	Yes	For	For
9	Elect Director Dr. Gilbert S. Omenn	Mgmt	Yes	For	For
10	Elect Director Judith C. Pelham	Mgmt	Yes	For	For
11	Elect Director Adm. J. Paul Reason, USN (Retired)	Mgmt	Yes	For	For
12	Elect Director Leonard D. Schaeffer	Mgmt	Yes	For	For
13	Elect Director Kevin W. Sharer	Mgmt	Yes	For	For
14	Ratify Auditors	Mgmt	Yes	For	For
15	Provide Right to Act by Written Consent	SH	Yes	Against	For
16	Stock Retention/Holding Period	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	91,300	91,300
		Totals:	91,300	91,300

Page 16 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

Juniper Networks, Inc.	Meeting Date
	12-May-10
Ticker: JNPR

CUSIP: 48203R104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Pradeep Sindhu	Mgmt	Yes	For	For
1.2	Elect Director Robert M. Calderoni	Mgmt	Yes	For	For
1.3	Elect Director William F. Meehan	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	165,264	165,264
		Totals:	165,264	165,264

Philip Morris International Inc.	Meeting Date
	12-May-10
Ticker: PM

CUSIP: 718172109

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Harold Brown	Mgmt	Yes	For	For
2	Elect Director Mathis Cabiallavetta	Mgmt	Yes	For	For
3	Elect Director Louis C. Camilleri	Mgmt	Yes	For	For
4	Elect Director J. Dudley Fishburn	Mgmt	Yes	For	For
5	Elect Director Jennifer Li	Mgmt	Yes	For	For
6	Elect Director Graham Mackay	Mgmt	Yes	For	For
7	Elect Director Sergio Marchionne	Mgmt	Yes	For	For
8	Elect Director Lucio A. Noto	Mgmt	Yes	For	For
9	Elect Director Carlos Slim Helu	Mgmt	Yes	For	For
10	Elect Director Stephen M. Wolf	Mgmt	Yes	For	For
11	Ratify Auditors	Mgmt	Yes	For	For
12	Report on Effect of Marketing Practices on the Poor	SH	Yes	Against	Against
13	Establish Supplier Human Rights Purchasing Protocols	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	76,300	76,300
		Totals:	76,300	76,300

Page 17 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

Wynn Resorts, Limited	Meeting Date
	12-May-10
Ticker: WYNN

CUSIP: 983134107

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Stephen A. Wynn	Mgmt	Yes	For	For
1.2	Elect Director Ray R. Irani	Mgmt	Yes	For	For
1.3	Elect Director Alvin V. Shoemaker	Mgmt	Yes	For	For
1.4	Elect Director D. Boone Wayson	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	42,175	42,175
		Totals:	42,175	42,175

Starwood Hotels & Resorts Worldwide, Inc.	Meeting Date
	13-May-10
Ticker: HOT

CUSIP: 85590A401

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Adam M. Aron	Mgmt	Yes	For	For
1.2	Elect Director Charlene Barshefsky	Mgmt	Yes	For	For
1.3	Elect Director Thomas E. Clarke	Mgmt	Yes	For	For
1.4	Elect Director Clayton C. Daley, Jr.	Mgmt	Yes	For	For
1.5	Elect Director Bruce W. Duncan	Mgmt	Yes	For	For
1.6	Elect Director Lizanne Galbreath	Mgmt	Yes	For	For
1.7	Elect Director Eric Hippeau	Mgmt	Yes	For	For
1.8	Elect Director Stephen R. Quazzo	Mgmt	Yes	For	For
1.9	Elect Director Thomas O. Ryder	Mgmt	Yes	For	For
1.10	Elect Director Frits van Paasschen	Mgmt	Yes	For	For
1.11	Elect Director Kneeland C. Youngblood	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Executive Incentive Bonus Plan	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	77,800	77,800
		Totals:	77,800	77,800

Page 18 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

The Charles Schwab Corporation	Meeting Date
	13-May-10
Ticker: SCHW

CUSIP: 808513105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Arun Sarin	Mgmt	Yes	For	For
1.2	Elect Director Paula A. Sneed	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Executive Incentive Bonus Plan	Mgmt	Yes	For	For
4	Report on Political Contributions	SH	Yes	Against	Against
5	Adopt a Policy in which the Company will not Make or Promise to Make Any Death Benefit Payments to Senior Executives	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	229,774	229,774
		Totals:	229,774	229,774

The Dow Chemical Company	Meeting Date
	13-May-10
Ticker: DOW

CUSIP: 260543103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Arnold A. Allemang	Mgmt	Yes	For	For
2	Elect Director Jacqueline K. Barton	Mgmt	Yes	For	For
3	Elect Director James A. Bell	Mgmt	Yes	For	For
4	Elect Director Jeff M. Fettig	Mgmt	Yes	For	For
5	Elect Director Barbara H. Franklin	Mgmt	Yes	For	For
6	Elect Director John B. Hess	Mgmt	Yes	For	For
7	Elect Director Andrew N. Liveris	Mgmt	Yes	For	For
8	Elect Director Paul Polman	Mgmt	Yes	For	For
9	Elect Director Dennis H. Reilley	Mgmt	Yes	For	For
10	Elect Director James M. Ringler	Mgmt	Yes	For	For

Page 19 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

11	Elect Director Ruth G. Shaw	Mgmt	Yes	For	For
12	Elect Director Paul G. Stern	Mgmt	Yes	For	For
13	Ratify Auditors	Mgmt	Yes	For	For
14	Provide Right to Call Special Meeting	Mgmt	Yes	For	For
15	Report on Environmental Remediation in Midland Area	SH	Yes	Against	Against
16	Stock Retention/Holding Period	SH	Yes	Against	Against
17	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	198,100	198,100
		Totals:	198,100	198,100

Macy’s, Inc.	Meeting Date
	14-May-10
Ticker: M

CUSIP: 55616P104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Stephen F. Bollenbach	Mgmt	Yes	For	For
1.2	Elect Director Deirdre P. Connelly	Mgmt	Yes	For	For
1.3	Elect Director Meyer Feldberg	Mgmt	Yes	For	For
1.4	Elect Director Sara Levinson	Mgmt	Yes	For	For
1.5	Elect Director Terry J. Lundgren	Mgmt	Yes	For	For
1.6	Elect Director Joseph Neubauer	Mgmt	Yes	For	For
1.7	Elect Director Joseph A. Pichler	Mgmt	Yes	For	For
1.8	Elect Director Joyce M. Roché	Mgmt	Yes	For	For
1.9	Elect Director Craig E. Weatherup	Mgmt	Yes	For	For
1.10	Elect Director Marna C. Whittington	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Certificate of Incorporation to Reduce Supermajority Vote Requirements and Eliminate Certain Provisions	Mgmt	Yes	For	For
4	Require a Majority Vote for the Election of Directors	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	220,715	220,715
		Totals:	220,715	220,715

Page 20 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

JPMorgan Chase & Co.	Meeting Date
	18-May-10
Ticker: JPM

CUSIP: 46625H100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Crandall C. Bowles	Mgmt	Yes	For	For
1.2	Elect Director Stephen B. Burke	Mgmt	Yes	For	For
1.3	Elect Director David M. Cote	Mgmt	Yes	For	For
1.4	Elect Director James S. Crown	Mgmt	Yes	For	For
1.5	Elect Director James Dimon	Mgmt	Yes	For	For
1.6	Elect Director Ellen V. Futter	Mgmt	Yes	For	For
1.7	Elect Director William H. Gray, III	Mgmt	Yes	For	For
1.8	Elect Director Laban P. Jackson, Jr.	Mgmt	Yes	For	For
1.9	Elect Director David C. Novak	Mgmt	Yes	For	For
1.10	Elect Director Lee R. Raymond	Mgmt	Yes	For	For
1.11	Elect Director William C. Weldon	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For
4	Affirm Political Non-Partisanship	SH	Yes	Against	For
5	Amend Bylaws— Call Special Meetings	SH	Yes	Against	For
6	Report on Collateral in Derivatives Trading	SH	Yes	Against	For
7	Provide Right to Act by Written Consent	SH	Yes	Against	For
8	Require Independent Board Chairman	SH	Yes	Against	Against
9	Report on Pay Disparity	SH	Yes	Against	Against
10	Stock Retention/Holding Period	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	118,562	118,562
		Totals:	118,562	118,562

Page 21 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

Nordstrom, Inc.	Meeting Date
	18-May-10
Ticker: JWN

CUSIP: 655664100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Phyllis J. Campbell	Mgmt	Yes	For	For
2	Elect Director Enrique Hernandez, Jr.	Mgmt	Yes	For	For
3	Elect Director Robert G. Miller	Mgmt	Yes	For	For
4	Elect Director Blake W. Nordstrom	Mgmt	Yes	For	For
5	Elect Director Erik B. Nordstrom	Mgmt	Yes	For	For
6	Elect Director Peter E. Nordstrom	Mgmt	Yes	For	For
7	Elect Director Philip G. Satre	Mgmt	Yes	For	For
8	Elect Director Robert D. Walter	Mgmt	Yes	For	For
9	Elect Director Alison A. Winter	Mgmt	Yes	For	For
10	Approve Omnibus Stock Plan	Mgmt	Yes	For	For
11	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	151,391	151,391
		Totals:	151,391	151,391

Southwestern Energy Company	Meeting Date
	18-May-10
Ticker: SWN

CUSIP: 845467109

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Lewis E. Epley, Jr.	Mgmt	Yes	For	For
1.2	Elect Director Robert L. Howard	Mgmt	Yes	For	For
1.3	Elect Director Harold M. Korell	Mgmt	Yes	For	For
1.4	Elect Director Vello A. Kuuskraa	Mgmt	Yes	For	For
1.5	Elect Director Kenneth R. Mourton	Mgmt	Yes	For	For
1.6	Elect Director Steven L. Mueller	Mgmt	Yes	For	For
1.7	Elect Director Charles E. Scharlau	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Increase Authorized Common Stock	Mgmt	Yes	For	For
4	Require a Majority Vote for the Election of Directors	SH	Yes	Against	For
5	Report on Political Contributions	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	70,136	70,136
		Totals:	70,136	70,136

Page 22 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

Halliburton Company	Meeting Date
	19-May-10
Ticker: HAL

CUSIP: 406216101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director A.M. Bennett	Mgmt	Yes	For	For
2	Elect Director J.R. Boyd	Mgmt	Yes	For	For
3	Elect Director M. Carroll	Mgmt	Yes	For	For
4	Elect Director N.K. Dicciani	Mgmt	Yes	For	For
5	Elect Director S.M. Gillis	Mgmt	Yes	For	For
6	Elect Director J.T. Hackett	Mgmt	Yes	For	For
7	Elect Director D.J. Lesar	Mgmt	Yes	For	For
8	Elect Director R.A. Malone	Mgmt	Yes	For	For
9	Elect Director J.L. Martin	Mgmt	Yes	For	For
10	Elect Director D.L. Reed	Mgmt	Yes	For	For
11	Ratify Auditors	Mgmt	Yes	For	For
12	Review and Assess Human Rights Policies	SH	Yes	Against	Against
13	Report on Political Contributions	SH	Yes	Against	Against
14	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
15	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	208,300	208,300
		Totals:	208,300	208,300

Intel Corporation	Meeting Date
	19-May-10
Ticker: INTC

CUSIP: 458140100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Charlene Barshefsky	Mgmt	Yes	For	For
2	Elect Director Susan L. Decker	Mgmt	Yes	For	For
3	Elect Director John J. Donahoe	Mgmt	Yes	For	For
4	Elect Director Reed E. Hundt	Mgmt	Yes	For	For
5	Elect Director Paul S. Otellini	Mgmt	Yes	For	For
6	Elect Director James D. Plummer	Mgmt	Yes	For	For

Page 23 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

7	Elect Director David S. Pottruck	Mgmt	Yes	For	For
8	Elect Director Jane E. Shaw	Mgmt	Yes	For	For
9	Elect Director Frank D. Yeary	Mgmt	Yes	For	For
10	Elect Director David B. Yoffie	Mgmt	Yes	For	For
11	Ratify Auditors	Mgmt	Yes	For	For
12	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	101,109	101,109
		Totals:	101,109	101,109

Amazon.com, Inc.	Meeting Date
	25-May-10
Ticker: AMZN

CUSIP: 023135106

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Jeffrey P. Bezos	Mgmt	Yes	For	For
2	Elect Director Tom A. Alberg	Mgmt	Yes	For	For
3	Elect Director John Seely Brown	Mgmt	Yes	For	For
4	Elect Director William B. Gordon	Mgmt	Yes	For	For
5	Elect Director Alain Monie	Mgmt	Yes	For	For
6	Elect Director Thomas O. Ryder	Mgmt	Yes	For	For
7	Elect Director Patricia Q. Stonesifer	Mgmt	Yes	For	For
8	Ratify Auditors	Mgmt	Yes	For	For
9	Report on Political Contributions	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	21,188	21,188
		Totals:	21,188	21,188

Page 24 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

Omnicom Group Inc.	Meeting Date
	25-May-10
Ticker: OMC

CUSIP: 681919106

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director John D. Wren	Mgmt	Yes	For	For
1.2	Elect Director Bruce Crawford	Mgmt	Yes	For	For
1.3	Elect Director Alan R. Batkin	Mgmt	Yes	For	For
1.4	Elect Director Robert Charles Clark	Mgmt	Yes	For	For
1.5	Elect Director Leonard S. Coleman, Jr.	Mgmt	Yes	For	For
1.6	Elect Director Errol M. Cook	Mgmt	Yes	For	For
1.7	Elect Director Susan S. Denison	Mgmt	Yes	For	For
1.8	Elect Director Michael A. Henning	Mgmt	Yes	For	For
1.9	Elect Director John R. Murphy	Mgmt	Yes	For	For
1.10	Elect Director John R. Purcell	Mgmt	Yes	For	For
1.11	Elect Director Linda Johnson Rice	Mgmt	Yes	For	For
1.12	Elect Director Gary L. Roubos	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
4	Adopt Majority Voting for Uncontested Election of Directors	Mgmt	Yes	For	For
5	Reimburse Proxy Contest Expenses	SH	Yes	Against	Against
6	Adopt a Policy in which the Company will not Make or Promise to Make Any Death Benefit Payments to Senior Executives	SH	Yes	Against	Against
7	Reduce Supermajority Vote Requirement	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	38,600	38,600
		Totals:	38,600	38,600

First Solar, Inc.	Meeting Date
	01-Jun-10
Ticker: FSLR

CUSIP: 336433107

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Michael J. Ahearn	Mgmt	Yes	For	For
1.2	Elect Director Robert J. Gillette	Mgmt	Yes	For	For
1.3	Elect Director Craig Kennedy	Mgmt	Yes	For	For
1.4	Elect Director James F. Nolan	Mgmt	Yes	For	For
1.5	Elect Director William J. Post	Mgmt	Yes	For	For
1.6	Elect Director J. Thomas Presby	Mgmt	Yes	For	For
1.7	Elect Director Paul H. Stebbins	Mgmt	Yes	For	For
1.8	Elect Director Michael Sweeney	Mgmt	Yes	For	For
1.9	Elect Director Jose H. Villarreal	Mgmt	Yes	For	For

Page 25 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

2	Approve Omnibus Stock Plan	Mgmt	Yes	For	Against
3	Approve Qualified Employee Stock Purchase Plan	Mgmt	Yes	For	For
4	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Sent	11,000	11,000
		Totals:	11,000	11,000

Target Corporation	Meeting Date
	09-Jun-10
Ticker: TGT

CUSIP: 87612E106

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Calvin Darden	Mgmt	Yes	For	For
2	Elect Director Anne M. Mulcahy	Mgmt	Yes	For	For
3	Elect Director Stephen W. Sanger	Mgmt	Yes	For	For
4	Elect Director Gregg W. Steinhafel	Mgmt	Yes	For	For
5	Ratify Auditors	Mgmt	Yes	For	For
6	Declassify the Board of Directors	Mgmt	Yes	For	For
7	Reduce Supermajority Vote Requirement	Mgmt	Yes	For	For
8	Amend Articles of Incorporation	Mgmt	Yes	For	For
9	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	48,800	48,800
		Totals:	48,800	48,800

Teva Pharmaceutical Industries Ltd.	Meeting Date
	29-Jun-10
Ticker: N/A

CUSIP: M8769Q102

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Meeting for ADR Holders	Mgmt	No
1	Approve Final Dividend of NIS 2.50 (USD 0.642) Per Share	Mgmt	Yes	For	For
2	Election Of Director: Mr. Abraham E. Cohen	Mgmt	Yes	For	For
3	Election Of Director: Mr. Amir Elstein	Mgmt	Yes	For	For

Page 26 of 27

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 1 Ivy Core Equity Fund

4	Election Of Director: Prof. Roger Kornberg	Mgmt	Yes	For	For
5	Election Of Director: Prof. Moshe Many	Mgmt	Yes	For	For
6	Election Of Director: Mr. Dan Propper	Mgmt	Yes	For	For
7	Approve Auditors and Authorize Board to Fix Their Remuneration	Mgmt	Yes	For	For
8	Approve Stock Option Plan	Mgmt	Yes	For	For
9	Approve Compensation of Board Chairman	Mgmt	Yes	For	For
10	Approve Compensation of Director	Mgmt	Yes	For	For
11	Approve Compensation of Director	Mgmt	Yes	For	For
12	Increase Authorized Share Capital	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
1 Ivy Core Equity Fund, 1	115912.1	Confirmed	64,401	64,401
		Totals:	64,401	64,401

Page 27 of 27

IVY CUNDILL GLOBAL VALUE FUND

Proxy Voting Record

Ivy Cundill Global Value Fund

Vote Summary

July 1 2009 - June 30, 2010

DEUTSCHE TELEKOM AG, BONN

Security	D2035M136	Meeting Type	ExtraOrdinary General Meeting
Ticker Symbol		Meeting Date	19-Nov-2009
ISIN	DE0005557508	Agenda	702110874 - Management
City	HANNOVER	Holding Recon Date	17-Nov-2009
Country	Germany	Vote Deadline Date	05-Nov-2009
SEDOL(s)	4612605 - 5842359 - 5876529 - 6344616 - B01DGB0 - B07G5Q1 - B0ZKVH8 - B19GHY8	Quick Code	527613000

Item	Proposal	Type	Vote	For/Against Management
	AS A CONDITION OF VOTING, GERMAN MARKET REGULATIONS REQUIRE THAT YOU DISCLOSE-WHETHER YOU HAVE A CONTROLLING OR PERSONAL INTEREST IN THIS COMPANY. SHOULD EI-THER BE THE CASE, PLEASE CONTACT YOUR CLIENT SERVICE REPRESENTATIVE SO THAT WE-MAY LODGE YOUR INSTRUCTIONS ACCORDINGLY. IF YOU DO NOT HAVE A CONTROLLING OR- PERSONAL INTEREST, SUBMIT YOUR VOTE AS NORMAL. THANK YOU	Non-Voting
	PLEASE NOTE THAT THESE SHARES MAY BE BLOCKED DEPENDING ON SOME SUBCUSTODIANS’-PROCESSING IN THE MARKET. PLEASE CONTACT YOUR CLIENT SERVICE REPRESENTATIVE TO-OBTAIN BLOCKING INFORMATION FOR YOUR ACCOUNTS.	Non-Voting
1.	Approval of the agreement to transfer the Company’s T-HOME division to its wholly owned subsidiary T-Mobile Deutschland GmbH the Company shall drop down all assets corresponding to the above mentioned division to T-Mobile Deutschland GmbH, pursuant to Section 123(3)No.1 of the Law on the Transformation of Companies, as per 01 JAN 2010	Management	For	For

NIPPONKOA INSURANCE COMPANY, LIMITED

Security	J5428G115	Meeting Type	ExtraOrdinary General Meeting
Ticker Symbol		Meeting Date	30-Dec-2009
ISIN	JP3693200002	Agenda	702166352 - Management
City	TOKYO	Holding Recon Date	31-Oct-2009
Country	Japan	Vote Deadline Date	10-Dec-2009
SEDOL(s)	5775648 - 6643380 - B01DMN4	Quick Code	87540

Item	Proposal	Type	Vote	For/Against Management
	Please reference meeting materials.	Non-Voting
1.	Approval of the Share Exchange Plan between the Company and Sompo Japan Insurance Inc.	Management	For	For
2.	Amend Articles to : Delete the Articles Related to Record Date	Management	For	For
3.	Shareholders’ Proposals : Remove Directors	Shareholder	Against	For

SK TELECOM LTD

Security	Y4935N104	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	12-Mar-2010
ISIN	KR7017670001	Agenda	702239167 - Management
City	TBD	Holding Recon Date	31-Dec-2009
Country	Korea, Republic Of	Vote Deadline Date	02-Mar-2010
SEDOL(s)	6224871	Quick Code

Item	Proposal	Type	Vote	For/Against Management
-	IN THE KOREAN MARKET, THE VOTE OPTION OF “ABSTAIN” IS DETERMINED TO BE-ACCEPTABLE OR NOT IN ACCORDANCE WITH THE LOCAL SUB CUSTODIAN’S REGULATIONS.-PLEASE CONTACT YOUR CLIENT SERVICE REPRESENTATIVE TO SEE IF THE RECIPIENT OF-YOUR VOTING INSTRUCTIONS WILL TREAT “ABSTAIN” AS A VALID VOTE OPTION.	Non-Voting
1.	Approve the 26th financial statement	Management	For	For
2.	Amend the Articles of Incorporation	Management	For	For
3.	Approve the remuneration for the Director	Management	For	For
4.	Elect Kihaeng Jo as a Inside Director	Management	For	For
5.	Elect Dalseob Sim as a Outside Director	Management	For	For
6.	Elect Dalseob Sim and Jaeyoung Jeong as a Audit Committee member	Management	For	For

KIRIN HOLDINGS COMPANY, LIMITED

Security	497350108	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	26-Mar-2010
ISIN	JP3258000003	Agenda	702269451 - Management
City	TOKYO	Holding Recon Date	31-Dec-2009
Country	Japan	Vote Deadline Date	24-Mar-2010
SEDOL(s)	0494164 - 4510981 - 5737499 - 6493745 - B020SK3 - B3CDXM0	Quick Code	25030

Item	Proposal	Type	Vote	For/Against Management
	Please reference meeting materials.	Non-Voting
1.	Approve Appropriation of Retained Earnings	Management	For	For
2.1	Appoint a Director	Management	For	For
2.2	Appoint a Director	Management	For	For
2.3	Appoint a Director	Management	For	For
2.4	Appoint a Director	Management	For	For
2.5	Appoint a Director	Management	For	For
2.6	Appoint a Director	Management	For	For
2.7	Appoint a Director	Management	For	For
2.8	Appoint a Director	Management	For	For
2.9	Appoint a Director	Management	For	For
3.	Appoint a Corporate Auditor	Management	For	For
4.	Approve Payment of Bonuses to Corporate Officers	Management	For	For

FIRST PACIFIC CO LTD

Security	G34804107	Meeting Type	Special General Meeting
Ticker Symbol		Meeting Date	30-Mar-2010
ISIN	BMG348041077	Agenda	702291991 - Management
City	HONG KONG	Holding Recon Date	29-Mar-2010
Country	Bermuda	Vote Deadline Date	25-Mar-2010
SEDOL(s)	2104717 - 4341523 - 5819041 - 6339872 - B16TBB5	Quick Code

Item	Proposal	Type	Vote	For/Against Management
-	PLEASE NOTE THAT SHAREHOLDERS ARE ALLOWED TO VOTE ’IN FAVOR’ OR ’AGAINST’ FOR-ALL THE RESOLUTIONS . THANK YOU.	Non-Voting
1	Approve that, (a) the purchase, by Beacon Electric Asset Holdings, Inc. from Pilipino Telephone Corporation Piltel of 154,200,000 common shares of Manila Electric Company Meralco for a total consideration of PhP23,130,000,000 equivalent to approximately USD 500.6 million and approximately HKD 3,905.1 million , which is equal to PhP150 equivalent to approximately USD 3.25 and approximately HKD 25.3 per common share of Meralco, pursuant to an agreement entered into on 1 MAR 2010 between (1) Metro Pacific Investments Corporation MPIC ; Beacon Electric and Piltel in relation to the reorganisation of the current shareholdings of MPIC and Piltel in Meralco with a view to consolidating their Meralco shareholdings in Beacon Electric the Omnibus Agreement CONTD	Management	For	For
-	CONTD (b) the subscription by Piltel of 1,156,500,000 common shares of Beacon-Electric at the subscription price of PhP20 equivalent to approximately USD-0.43 and approximately HKD 3.38 per common share of Beacon Electric, for an-aggregate subscription consideration of PhP23,130,000,000 equivalent to- approximately USD 500.6 million and approximately HKD 3,905.1 million ,-pursuant to the Omnibus Agreement (c) approve that the sale by MPIC to Piltel-of 12,500 common shares of Beacon Electric for a consideration per common-share equal to their par value of PhP1.00 equivalent to approximately USD-0.02 and approximately HKD 0.17 per common share of Beacon Electric,- resulting in Beacon Electric becoming a 50:50 joint venture of MPIC and-Piltel, pursuant to the Omnibus Agreement CONTD	Non-Voting
-	CONTD (d) approve that the entry into of the Omnibus Agreement by MPIC and-Beacon Electric and the performance of their respective obligations under the-Omnibus Agreement and (e) authorize any Executive Director of the Company to-arrange for the execution of such documents in such manner as he may consider-necessary or desirable and to do, or authorize the Company and/or any-subsidiaries to do, whatever acts and things he may consider necessary or-desirable or expedient for the purpose of, or in connection with, the-implementation of the Piltel Investment and the transactions contemplated by-the Omnibus Agreement and/or any matter related thereto, CONTD	Non-Voting
-	CONTD to ratify any documents executed in relation to the Piltel Investment-and/or the Omnibus Agreement, and to make or agree, or authorize the Company-and/or any subsidiaries to make or agree, such amendments or variations-thereto, and to grant, or authorize the Company and/or any subsidiaries to-grant, any waivers of any conditions precedent or other provisions of such- documents as any Executive Director of the Company in his discretion-considers to be desirable and in the interests of the Company	Non-Voting

2	Approve that, (a) the exercise of a call option granted by First Philippine Holdings Corporation FPHC to Beacon Electric Asset Holdings Inc. Beacon Electric as grantee, to acquire 74,700,000 common shares of Meralco owned by FPHC the Option Shares and each an Option Share at an exercise price of PhP300 equivalent to approximately USD 6.49 or approximately HKD 50.65 per Option Share, which equates to an aggregate price of PhP22,410,000,000 equivalent to approximately USD 485.1 million and approximately HKD 3,783.5 million for all the Option Shares pursuant to the terms of the option agreement entered into on 1 MAR 2010 between FPHC and Beacon Electric the Call Option ; CONTD	Management	For	For
-	CONTD (b) approve that, the entry into of the Option Agreement by Beacon-Electric and the performance of its obligations under the Option Agreement-arising in the event of a possible exercise of the Call Option; and (c)-authorize any Executive Director of the Company to arrange for the execution-of such documents in such manner as he may consider necessary or desirable-and to do, or authorize the Company and/or any subsidiaries to do, whatever- acts and things he may consider necessary or desirable or expedient for the-purpose of, or in connection with, the implementation of a possible exercise-of the Call Option and/or any matter related thereto, to ratify any documents-executed in relation to a possible exercise of the Call Option, CONTD	Non-Voting
-	CONTD and to make or agree, or authorize the Company and/or any subsidiaries-to make or agree, such amendments or variations thereto, and to grant, or-authorize the Company and/or any subsidiaries to grant, any waivers of any-conditions precedent or other provisions of such documents as any Executive-Director of the Company in his discretion considers to be desirable and in- the interests of the Company	Non-Voting

PARMALAT SPA, COLLECCHIO

Security	T7S73M107	Meeting Type	Ordinary General Meeting
Ticker Symbol		Meeting Date	31-Mar-2010
ISIN	IT0003826473	Agenda	702270199 - Management
City	PARMA	Holding Recon Date	29-Mar-2010
Country	Italy                        Blocking	Vote Deadline Date	23-Mar-2010
SEDOL(s)	B09RG69 - B0LTJS6 - B0SSTS6 - B28L707	Quick Code

Item	Proposal	Type	Vote	For/Against Management
-	PLEASE NOTE IN THE EVENT THE MEETING DOES NOT REACH QUORUM, THERE WILL BE A-SECOND CALL ON 01 APR 2010. CONSEQUENTLY, YOUR VOTING INSTRUCTIONS WILL-REMAIN VALID FOR ALL CALLS UNLESS THE AGENDA IS AMENDED. PLEASE BE ALSO-ADVISED THAT YOUR SHARES WILL BE BLOCKED UNTIL THE QUORUM IS MET OR THE-MEETING IS CANCELLED. THANK YOU.	Non-Voting
1	Approve the financial statement at 31 DEC 2009, the report of the Board of Directors and the Auditors and destination of profits; any adjournment thereof	Management	For	For
2	Appointment of the Auditor and Independent Auditor and any adjournment	Management	For	For

MEDIASET SPA, COLOGNO MONZESE

Security	T6688Q107	Meeting Type	Ordinary General Meeting
Ticker Symbol		Meeting Date	20-Apr-2010
ISIN	IT0001063210	Agenda	702296636 - Management
City	COLOGNO MONEZE (MI)	Holding Recon Date	16-Apr-2010
Country	Italy                        Blocking	Vote Deadline Date	12-Apr-2010
SEDOL(s)	5077946 - 5474774 - B020D31 - B10QPS7	Quick Code

Item	Proposal	Type	Vote	For/Against Management
-	PLEASE NOTE IN THE EVENT THE MEETING DOES NOT REACH QUORUM, THERE WILL BE A-SECOND CALL ON 21 APR 2010. CONSEQUENTLY, YOUR VOTING INSTRUCTIONS WILL-REMAIN VALID FOR ALL CALLS UNLESS THE AGENDA IS AMENDED. PLEASE BE ALSO-ADVISED THAT YOUR SHARES WILL BE BLOCKED UNTIL THE QUORUM IS MET OR THE-MEETING IS CANCELLED. THANK YOU.	Non-Voting
1	Approve the financial statement at 31 DEC 2009, report of the Board of Directors, of the Board of Auditors and Independent Auditors, presentation of consolidated financial statement at 31 DEC 2009	Management	For	For
2	Approve the distribution of profits, any adjournment thereof	Management	For	For
3	Approve the supplement to the appointment of Independent Auditors Reconta Ernst & Young S.p.A. by resolution of the general meeting on 16 APR 2008; pertinent resolutions	Management	For	For
4	Grant authority to share buyback and sale, any adjournment thereof	Management	For	For
	PLEASE NOTE THAT THIS IS A REVISION DUE TO CHANGE IN TEXT OF RESOLUTION 3. IF-YOU HAVE ALREADY SENT IN YOUR VOTES, PLEASE DO NOT RETURN THIS PROXY FORM UNLE-SS YOU DECIDE TO AMEND YOUR ORIGINAL INSTRUCTIONS. THANK YOU.	Non-Voting

FAIRFAX FINL HLDGS LTD

Security	303901102	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	22-Apr-2010
ISIN	CA3039011026	Agenda	702294202 - Management
City	TORONTO	Holding Recon Date	05-Mar-2010
Country	Canada	Vote Deadline Date	16-Apr-2010
SEDOL(s)	2173665 - 2566351 - 5495719 - B2N6TX4	Quick Code

Item	Proposal	Type	Vote	For/Against Management
-	PLEASE NOTE THAT SHAREHOLDERS ARE ALLOWED TO VOTE ’IN FAVOR’ OR ’AGAINST’-ONLY FOR RESOLUTION “3” AND ’IN FAVOR’ OR ’ABSTAIN’ ONLY FOR RESOLUTION- NUMBERS “1.1 TO 1.7 AND 2”. THANK YOU.	Non-Voting
1.1	Election of Anthony F. Griffiths as a Director	Management	For	For
1.2	Election of Robert J. Gunn as a Director	Management	For	For
1.3	Election of Alan D. Horn as a Director	Management	For	For
1.4	Election of David L. Johnston as a Director	Management	For	For
1.5	Election of Timothy R. Price as a Director	Management	For	For
1.6	Election of Brandon W. Sweitzer as a Director	Management	For	For
1.7	Election of V. Prem Watsa as a Director	Management	For	For
2	Appointment of PricewaterhouseCoopers LLP as the Auditors	Management	For	For
3	PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER PROPOSAL: Approve the shareholders request that Fairfax Financial Holdings answer the next CDP questionnaire, which will be distributed to Companies in FEB 2010, in accordance with the applicable CDP Guidance	Shareholder	Against	For
-	Transact such other business	Non-Voting

MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AKTIENG

Security	D55535104	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	28-Apr-2010
ISIN	DE0008430026	Agenda	702305308 - Management
City	MUENCHEN	Holding Recon Date	26-Apr-2010
Country	Germany	Vote Deadline Date	12-Apr-2010
SEDOL(s)	4904409 - 5294121 - 7159239 - 7389081 - B018RN4 - B10RVR1 - B1G0J36	Quick Code

Item	Proposal	Type	Vote	For/Against Management
	Please note that shareholders must be registered in beneficial owner name to b-e eligible to vote at this meeting. To facilitate registration, your initial v-ote instruction must reach Broadridge by 2pm on April 12th, 2010. Broadridge w-ill disclose the beneficial owner information for voted accounts and blocking-may apply. Please contact your client service representative for further detai-ls.	Non-Voting
	AS A CONDITION OF VOTING, GERMAN MARKET REGULATIONS REQUIRE THAT YOU DISCLOSE-WHETHER YOU HAVE A CONTROLLING OR PERSONAL INTEREST IN THIS COMPANY. SHOULD EI-THER BE THE CASE, PLEASE CONTACT YOUR CLIENT SERVICE REPRESENTATIVE SO THAT WE-MAY LODGE YOUR INSTRUCTIONS ACCORDINGLY. IF YOU DO NOT HAVE A CONTROLLING OR- PERSONAL INTEREST, SUBMIT YOUR VOTE AS USUAL THANK YOU	Non-Voting
1.a	Submission of the report of the Supervisory Board and the corporate governance-report including the remuneration report for the financial year 2009	Non-Voting
1.b	Submission of the adopted Company financial statements and management report f-or the financial year 2009, the approved consolidated financial statements and-management report for the Group for the financial year 2009, and the explanat-ory report on the information in accordance with Sections 289 para. 4 and 315- para. 4 of the German Commercial Code	Non-Voting
2.	Resolution on the appropriation of the net retained profits from the financial year 2009	Management	For	For
3.	Resolution to approve the actions of the Board of Management	Management	For	For
4.	Resolution to approve the actions of the Supervisory Board	Management	For	For
5.	Resolution to approve the remuneration system for the Board of Management	Management	For	For
6.	Resolution to appoint a member of the Supervisory Board: Dr. Benita Ferrero-Waldner	Management	For	For
7.	Resolution to authorise the buy-back and utilisation of own shares as well as the option to exclude subscription and pre-emptive rights	Management	For	For
8.	Resolution to authorise the buy-back of own shares using derivatives as well as the option to exclude subscription and pre- emptive rights	Management	For	For
9.	Resolution to authorise the issue of convertible bonds and/or bonds with warrants with the option of excluding subscription rights; to cancel Contingent Capital Increase 2005; to create a new contingent capital (Contingent Capital Increase 2010); and to make the relevant amendment to the Articles of Association	Management	For	For
10.	Resolution to amend Articles 6 (registration for the Annual General Meeting) and 7 (exercise of voting rights by proxies) of the Articles of Association	Management	For	For
11.	Resolution to amend Article 6 of the Articles of Association (information for shareholders)	Management	For	For

COUNTER PROPOSALS HAVE BEEN RECEIVED FOR THIS MEETING. A LINK TO THE COUNTER P-ROPOSAL INFORMATION IS AVAILABLE IN THE MATERIAL URL SECTION OF THE APPLICATIO-N. IF YOU WISH TO ACT ON THESE ITEMS, YOU WILL NEED TO REQUEST A MEETING ATTEN-D AND VOTE YOUR SHARES AT THE COMPANYS MEETING. Non-Voting

SEKISUI HOUSE, LTD.

Security	J70746136	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	28-Apr-2010
ISIN	JP3420600003	Agenda	702323027 - Management
City	OSAKA	Holding Recon Date	31-Jan-2010
Country	Japan	Vote Deadline Date	26-Apr-2010
SEDOL(s)	4798680 - 5763450 - 6793906 - B01DQS7 - B17KWP8 - B3CF0N6	Quick Code	19280

Item	Proposal	Type	Vote	For/Against Management
	Please reference meeting materials.	Non-Voting
1.	Approve Appropriation of Retained Earnings	Management	For	For
2.1	Appoint a Director	Management	For	For
2.2	Appoint a Director	Management	For	For
2.3	Appoint a Director	Management	For	For
2.4	Appoint a Director	Management	For	For
2.5	Appoint a Director	Management	For	For
2.6	Appoint a Director	Management	For	For
2.7	Appoint a Director	Management	For	For
2.8	Appoint a Director	Management	For	For
2.9	Appoint a Director	Management	For	For
2.10	Appoint a Director	Management	For	For
2.11	Appoint a Director	Management	For	For
3.	Appoint a Corporate Auditor	Management	For	For

EXOR S.P.A., TORINO

Security	T3833E113	Meeting Type	Ordinary General Meeting
Ticker Symbol		Meeting Date	29-Apr-2010
ISIN	IT0001353140	Agenda	702318329 - Management
City	TORINO	Holding Recon Date	27-Apr-2010
Country	Italy                        Blocking	Vote Deadline Date	23-Apr-2010
SEDOL(s)	4455394 - B06HZC1 - B60SSC3 - B63B788	Quick Code

Item	Proposal	Type	Vote	For/Against Management
-	PLEASE NOTE IN THE EVENT THE MEETING DOES NOT REACH QUORUM, THERE WILL BE A-SECOND CALL ON 30 APR 2010. CONSEQUENTLY, YOUR VOTING INSTRUCTIONS WILL-REMAIN VALID FOR ALL CALLS UNLESS THE AGENDA IS AMENDED. PLEASE BE ALSO-ADVISED THAT YOUR SHARES WILL BE BLOCKED UNTIL THE QUORUM IS MET OR THE-MEETING IS CANCELLED. THANK YOU.	Non-Voting
1	Approve the separated financial statements at 31 DEC 2009 adjournment thereof	Management	For	For
2	Approve the resolutions about buy and sell own shares	Management	For	For

SHAREHOLDERS WHO, INDIVIDUALLY OR JOINTLY, HOLD AT LEAST ONE FORTIETH OF THE C-ORPORATE CAPITAL CAN REQUEST WITHIN 5 DAYS FROM THE ISSUANCE OF THIS NOTICE TH-E INTEGRATION TO THE LIST OF SUBJECTS TO BE DISCUSSED, BY QUOTING IN THE REQUE- ST THE ADDITIONAL ITEMS PROPOSED.	Non-Voting
PLEASE NOTE THAT THIS IS A REVISION DUE TO INSERTION OF ADDITIONAL COMMENT. IF-YOU HAVE ALREADY SENT IN YOUR VOTES, PLEASE DO NOT RETURN THIS PROXY FORM UNL-ESS YOU DECIDE TO AMEND YOUR ORIGINAL INSTRUCTIONS. THANK YOU.	Non-Voting

DEUTSCHE TELEKOM AG, BONN

Security	D2035M136	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	03-May-2010
ISIN	DE0005557508	Agenda	702305966 - Management
City	KOELN	Holding Recon Date	29-Apr-2010
Country	Germany	Vote Deadline Date	19-Apr-2010
SEDOL(s)	4612605 - 5842359 - 5876529 - 6344616 - B01DGB0 - B07G5Q1 - B0ZKVH8 - B19GHY8	Quick Code	94960

Item	Proposal	Type	Vote	For/Against Management
	AS A CONDITION OF VOTING, GERMAN MARKET REGULATIONS REQUIRE THAT YOU DISCLOSE-WHETHER YOU HAVE A CONTROLLING OR PERSONAL INTEREST IN THIS COMPANY. SHOULD EI-THER BE THE CASE, PLEASE CONTACT YOUR CLIENT SERVICE REPRESENTATIVE SO THAT WE-MAY LODGE YOUR INSTRUCTIONS ACCORDINGLY. IF YOU DO NOT HAVE A CONTROLLING OR- PERSONAL INTEREST, SUBMIT YOUR VOTE AS NORMAL. THANK YOU	Non-Voting
	PLEASE NOTE THAT THESE SHARES MAY BE BLOCKED DEPENDING ON SOME SUBCUSTODIANS’-PROCESSING IN THE MARKET. PLEASE CONTACT YOUR CLIENT SERVICE REPRESENTATIVE TO-OBTAIN BLOCKING INFORMATION FOR YOUR ACCOUNTS.	Non-Voting
1.	Presentation of the financial statements and annual report for the 2009 FY wit-h the report of the Supervisory Board, the group financial statements and annu-al report, and the proposal on the appropriation of the distributable profit	Non-Voting
2.	Resolution on the appropriation of the distributable profit of EUR 6,421,196,639.17 as follows: Payment of a dividend of EUR 0.78 per share. EUR 3,035,281,633.45 shall be carried forward. Ex- dividend and payable date: 04 MAY 2010	Management	For	For
3.	Ratification of the acts of the Board of Managing Directors during the 2009 FY	Management	For	For
4.	Postponement of the ratification of the acts of Klaus Zumwinkel as a member of the Supervisory Board during the 2008 FY	Management	For	For
5.	Ratification of the acts of the Supervisory Board during the 2009 FY	Management	For	For
6.	Approval of the compensation system for the Members of the Board of Managing Directors	Management	For	For
7.	Appointment of Auditors for the 2010 FY: PricewaterhouseCoopers AG, Frankfurt, and Ernst + Young GmbH, Stuttgart	Management	For	For

8.	Authorization to acquire own shares, the Company shall be authorized to acquire own shares of up to 10% of its share capital, at prices not deviating more than 10% from the market price of the shares, on or before 02 NOV 2011, The Board of Managing Directors shall be authorized to sell the shares on the stock exchange, to offer the shares to shareholders by way of a rights offering, to dispose of the shares in another manner if they are sold at a price not materially below their market price, to float the shares on foreign stock exchanges, to use the shares for acquisition purposes, to use the shares to satisfy conversion and option rights, to use the shares as employee shares, and to retire the shares	Management	For	For
9.	Election of Wulf H. Bernotat to the Supervisory Board	Management	For	For
10.	Election of Ulrich Middelmann to the Supervisory Board	Management	For	For
11.	Approval of the control and profit transfer agreement with the Company’s wholly owned subsidiary Erste DFMG Deutsche Funkturm Ver-moegens-GmbH	Management	For	For
12.	Approval of the control and profit transfer agreement with the Company’s wholly owned subsidiary T-Mobile Global Holding Nr. 2 GmbH	Management	For	For
13.	Resolution on the authorization to issue convertible, warrant or income bonds and/or profit-sharing rights, the creation of contingent capital, and the corresponding amendments to the articles of association, the Board of Managing Directors shall be authorized, with the consent of the Supervisory Board, to issue bonds or profit-sharing rights of up to EUR 6,500,000,000, conferring a conversion or option right for up to 429,687,500 new shares of the Company, on or before 02 MAY 2015, shareholders shall be granted subscription rights, except for the issue of bonds at a price not materially below their theoretical market value, for residual amounts, and in order to grant subscription rights to holders of previously issued conversion and option rights, the existing contingent capital IV shall be revoked, the Company’s share capital shall be increased accordingly by up to EUR 1,100,000,000 through the issue of up to 429,687,500 new shares, insofar as conversion or option rights are exercised [contingent :capital 2010]	Management	For	For
14.	Approval of the revision of the Supervisory Board remuneration, and the corresponding amendments to the Articles of Association the fixed remuneration per member shall be increased to EUR 30,000 for the 2010 FY and EUR 40,000 thereafter, and the variable remuneration amended to EUR 1,000 for every EUR 0.02 by which the profit per share in the second year after the FY in question exceeds that of 3 years previous, the Chairman shall receive twice, and the Deputy Chairman one and a half times, the amounts	Management	For	For
15.	Amendment to section 2 of the Articles of Association to reflect the expansion of the object of the Company	Management	For	For
16.	Amendment to section 14 of the Articles of Association in respect of the deadline for announcing the shareholders’ meeting being 30 days prior to the meeting, extended by the length of the registration period	Management	For	For
17.	Amendment to section 15 of the Articles of Association in respect of the authorization of the Company to transmit the shareholders’ meeting by audiovisual means	Management	For	For
18.	Amendment to section 16 of the Articles of Association in respect of participation in the shareholders’ meeting by electronic means	Management	For	For
19.	Amendment to section 16 of the Articles of Association in respect of absentee voting at the shareholders’ meeting	Management	For	For

COUNTER PROPOSALS HAVE BEEN RECEIVED FOR THIS MEETING. A LINK TO THE COUNTER P-ROPOSAL INFORMATION IS AVAILABLE IN THE MATERIAL URL SECTION OF THE APPLICATIO-N. IF YOU WISH TO ACT ON THESE ITEMS, YOU WILL NEED TO REQUEST A MEETING ATTEN-D AND VOTE YOUR SHARES AT THE COMPANYS MEETING. Non-Voting

NOKIA CORP, ESPOO

Security	X61873133	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	06-May-2010
ISIN	FI0009000681	Agenda	702230599 - Management
City	HELSINKI	Holding Recon Date	26-Apr-2010
Country	Finland	Vote Deadline Date	27-Apr-2010
SEDOL(s)	0083443 - 0654504 - 5902941 - 5945418 - 5946154 - 5946455 - B02G9J7 - B0CRGQ6 - B10RVY8 - B19GJC0 - B1YCCZ7	Quick Code

Item	Proposal	Type	Vote	For/Against Management
	MARKET RULES REQUIRE DISCLOSURE OF BENEFICIAL OWNER INFORMATION FOR ALL VOTED-ACCOUNTS. IF AN ACCOUNT HAS MULTIPLE BENEFICIAL OWNERS, YOU WILL NEED TO PROVI-DE THE BREAKDOWN OF EACH BENEFICIAL OWNER NAME, ADDRESS AND SHARE POSITION TO-YOUR CLIENT SERVICE REPRESENTATIVE. THIS INFORMATION IS REQUIRED IN ORDER FOR-YOUR VOTE TO BE LODGED	Non-Voting
	PLEASE NOTE THAT ABSTAIN VOTE AT QUALIFIED MAJORITY ITEMS [2/3] WORKS AGAINST-PROPOSAL.	Non-Voting
1.	Opening of the Meeting	Non-Voting
2.	Matters of order for the Meeting	Non-Voting
3.	Election of the persons to confirm the minutes and to verify the counting of v-otes	Non-Voting
4.	Recording the legal convening of the Meeting and quorum	Non-Voting
5.	Recording the attendance at the Meeting and adoption of the list of votes	Non-Voting
6.	Presentation of the Annual Accounts 2009, the report of the Board of Directors-and the Auditor’s report for the year 2009 - Review by the President and CEO	Non-Voting
7.	Adoption of the Annual Accounts	Management	For	For
8.	Resolution on the use of the profit shown on the balance sheet and the payment of dividend: the Board proposes to the AGM a dividend of EUR 0.40 per share for the FY 2009. The dividend will be paid to shareholders registered in the Register of shareholders held by Euroclear Finland Ltd on the record date, 11 MAY 2010. The Board proposes that the dividend be paid on or about 25 May 2010.	Management	For	For
9.	Resolution on the discharge of the Members of the Board of Directors and the President from liability	Management	For	For
10.	Resolution on the remuneration of the Members of the Board of Directors: The Board’s Corporate Governance and Nomination Committee proposes to the AGM that the remuneration payable to the Members of the Board to be elected at the AGM for the term for a term ending at the AGM in 2011, be unchanged from 2008 and 2009 and be as follows: EUR 440,000 for the Chairman, EUR 150,000 for the Vice Chairman, and EUR 130,000 for each Member. In addition, the Committee proposes that the Chairman of the Audit Committee and Chairman of the Personnel Committee will each receive an additional annual fee of EUR 25,000 and other Members of the Audit Committee an additional annual fee of EUR 10,000 each. The Corporate Governance and Nomination Committee proposes that approximately 40% of the remuneration be paid in Nokia shares purchased from the market, which shares shall be retained until the end of the Board Membership in line with the Nokia policy [except for those shares needed to offset any costs relating to the acquisition of the shares, including taxes].	Management	For	For

11.	Resolution on the number of Members of the Board of Directors: Georg Ehrnrooth, Nokia Board Audit Committee Chairman since 2007 and Board Member since 2000, has informed that he will not stand for re-election. The Board’s Corporate Governance and Nomination Committee proposes to the AGM that the number of Board Members be 10.	Management	For	For
12.	Election of Members of the Board of Directors: The Board’s Corporate Governance and Nomination Committee proposes to the AGM that the following current Nokia Board Members be re- elected as Members of the Board of Directors for a term ending at the AGM in 2011: Lalita D. Gupte, Dr. Bengt Holmstrom, Prof. Dr. Henning Kagermann, Olli-Pekka Kallasvuo, Per Karlsson, Isabel Marey-Semper, Jorma Ollila, Dame Marjorie Scardino, Risto Siilasmaa and Keijo Suila.	Management	For	For
13.	Resolution on the remuneration of the Auditor: The Board’s Audit Committee proposes to the AGM that the External Auditor to be elected at the AGM be reimbursed according to the invoice of the Auditor, and in compliance with the purchase policy approved by the Audit Committee.	Management	For	For
14.	Election of Auditor: The Board’s Audit Committee proposes to the AGM that PricewaterhouseCoopers Oy be re-elected as the Company’s Auditor for the FY 2010.	Management	For	For
15.	Resolution on the amendment of the Articles of Association: The Board proposes to the AGM the Articles of Association of the Company to be amended as follows: Amend the provision on the object of the Company to reflect more precisely its current business activities [Article 2]. Amend the provision on the notice of a General Meeting to the effect that the provisions on the publication date of the notice corresponds to the amended provisions of the Finnish Companies Act and to allow the publication of the notice in the same manner as the other official disclosures of the Company [Article 10].	Management	For	For
16.	Authorize the Board of Directors to resolve to repurchase the Company’s own shares: The Board proposes that the AGM authorize the Board to resolve to repurchase a maximum of 360 million Nokia shares by using funds in the unrestricted shareholders’ equity. Repurchases will reduce funds available for distribution of profits. The shares may be repurchased in order to develop the capital structure of the Company, finance or carry out acquisitions or other arrangements, settle the Company’s equity- based incentive plans, be transferred for other purposes, or be cancelled. The shares may be repurchased either a) through a tender offer made to all the shareholders on equal terms; or b) through public trading by repurchasing the shares in another proportion than that of the current shareholders. It is proposed that the authorization be effective until 30 JUN 2011 and terminate the corresponding authorization granted by the AGM on 23 APR 2009.	Management	For	For

17.	Authorize the Board of Directors to resolve on the issuance of shares and special rights entitling to shares. The Board proposes that the AGM authorizes the Board to resolve to issue a maximum of 740 million shares during the validity period of the authorization through issuance of shares or special rights entitling to shares [including stock options] under Chapter 10, Section 1 of the Finnish Companies Act in 1 or more issues. The Board proposes that the authorization may be used to develop the Company’s capital structure, diversify the shareholder base, finance or carry out acquisitions or other arrangements, settle the Company’s equity-based incentive plans, or for other purposes resolved by the Board. It is proposed that the authorization include the right for the Board to resolve on all the terms and conditions of the issuance of shares and such special rights, including to whom shares or special rights may be issued as well as the consideration to be paid. The authorization thereby includes the right to deviate from the shareholders’ pre-emptive rights within the limits set by law. It is proposed that the authorization be effective until 30 JUN 2013 and terminate the corresponding authorization granted by the AGM on 03 MAY 2007.	Management	For	For
18.	Closing of the Meeting	Non-Voting

CORPORACION FINANCIERA ALBA SA, MADRID

Security	E33391132	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	26-May-2010
ISIN	ES0117160111	Agenda	702390105 - Management
City	MADRID	Holding Recon Date	19-May-2010
Country	Spain	Vote Deadline Date	19-May-2010
SEDOL(s)	5730409 - 5733420 - B05P6D4 - B0ZC356	Quick Code

Item	Proposal	Type	Vote	For/Against Management
CMMT	PLEASE NOTE IN THE EVENT THE MEETING DOES NOT REACH QUORUM, THERE WILL BE A-SECOND CALL ON 27 MAY 2010. CONSEQUENTLY, YOUR VOTING INSTRUCTIONS WILL-REMAIN VALID FOR ALL CALLS UNLESS THE AGENDA IS AMENDED. THANK YOU.	Non-Voting
1	Approve the annual accounts and consolidated	Management	For	For
2	Grant discharge to the Board of Directors during the same period	Management	For	For
3	Approve the distribution of the profit and payment of the dividend	Management	For	For
4	Appointment and re-election of the Board Members	Management	For	For
5	Approve, capital reduction by means the amortization of shares including the 435,000 from the remuneration of the Board Members in 2008 and subsequent amendments to Article 5 Number of the Bylaws	Management	For	For
6	Grant authority to purchase own shares within the limits established by Corporation Law	Management	For	For
7	Approve the retribution of the Board Members	Management	For	For
8	Approve the application of a new retribution system in shares	Management	For	For
9	Approve to transfer the extra of legal reserve from the reduction capital to voluntary reserves	Management	For	For
10	Approve the delegation of powers	Management	For	For
11	Approve the minutes	Management	For	For
	PLEASE NOTE THAT THIS IS A REVISION DUE TO RECEIPT OF ARTICLE NUMBER IN RESOLU-TION 5 AND CHANGE IN TEXT OF RESOLUTION 2. IF YOU HAVE ALREADY SENT IN YOUR VO-TES, PLEASE DO NOT RETURN THIS PROXY FORM UNLESS YOU DECIDE TO AMEND YOUR ORIG-INAL INSTRUCTIONS. THANK YOU.	Non-Voting

FAMILYMART CO., LTD.

Security	J13398102	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	27-May-2010
ISIN	JP3802600001	Agenda	702411593 - Management
City	TOKYO	Holding Recon Date	28-Feb-2010
Country	Japan	Vote Deadline Date	25-May-2010
SEDOL(s)	5753729 - 6331276 - B05PBH3	Quick Code	80280

Item	Proposal	Type	Vote	For/Against Management
	Please reference meeting materials.	Non-Voting
1.	Amend Articles to: Expand Business Lines	Management	For	For
2.1	Appoint a Director	Management	For	For
2.2	Appoint a Director	Management	For	For
2.3	Appoint a Director	Management	For	For
2.4	Appoint a Director	Management	For	For
2.5	Appoint a Director	Management	For	For
2.6	Appoint a Director	Management	For	For
2.7	Appoint a Director	Management	For	For
2.8	Appoint a Director	Management	For	For
2.9	Appoint a Director	Management	For	For
2.10	Appoint a Director	Management	For	For
3.1	Appoint a Corporate Auditor	Management	For	For
3.2	Appoint a Corporate Auditor	Management	For	For
4.	Approve Provision of Retirement Allowance for Retiring Corporate Officers	Management	For	For

FIRST PACIFIC CO LTD

Security	G34804107	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	31-May-2010
ISIN	BMG348041077	Agenda	702395422 - Management
City	HONG KONG	Holding Recon Date	26-May-2010
Country	Bermuda	Vote Deadline Date	26-May-2010
SEDOL(s)	2104717 - 4341523 - 5819041 - 6339872 - B16TBB5	Quick Code

Item	Proposal	Type	Vote	For/Against Management
	PLEASE NOTE THAT SHAREHOLDERS ARE ALLOWED TO VOTE ‘IN FAVOR’ OR ‘AGAINST’ ONLY-FOR ALL RESOLUTIONS. THANK YOU.	Non-Voting
	PLEASE NOTE THAT THE COMPANY NOTICE IS AVAILABLE BY CLICKING ON THE URL LINK:- http://www.hkexnews.hk/listedco/listconews/sehk/20100423/LTN2 0100423531.pdf	Non-Voting
1	Receive and adopt the audited accounts and the reports of the Directors and Auditors for the YE 31 DEC 2009	Management	For	For
2	Declare a final cash dividend of HK 8.00 cents [US 1.03 cents) per ordinary share for the YE 31 DEC 2009	Management	For	For
3	Re-appoint Ernst & Young as the Auditors of the Company and authorize the Board of Directors of the Company to fix their remuneration	Management	For	For

4.1	Re-elect Mr. Manuel V. Pangilinan as the Managing Director and Chief Executive Officer of the Company for a fixed term of approximately three years, commencing on the date of the 2010 AGM and expiring at the conclusion of the AGM of the Company to be held in the third year following the year of his re-election [being 2013] [a  fixed     3-year term]	Management	For	For
4.2	Re-elect Mr. Edward A. Tortorici as an Executive Director of the Company for a fixed 3-year term	Management	For	For
4.3	Re-elect Professor Edward K.Y. Chen as an an Independent Non- Executive Director of the Company for a fixed 3-year term	Management	For	For
4.4	Re-elect Mr. Jun Tang as an Independent Non-Executive Director of the Company for a fixed 3-year term	Management	For	For
4.5	Re-elect Sir David W.C. Tang as an Independent Non-Executive Director of the Company for a fixed term of approximately one year, commencing on the date of the 2010 AGM and expiring at the conclusion of the AGM of the Company to be held one year following the year of his re-election [being 2011] [a fixed 1-year term]	Management	For	For
4.6	Re-elect Mr. Tedy Djuhar as a Non-Executive Director of the Company for a fixed     1-year term	Management	For	For
4.7	Re-elect Mr. Ibrahim Risjad as a Non-Executive Director of the Company for a fixed 1-year term	Management	For	For
5.1	Authorize the Board of Directors to fix the remuneration of the Executive Directors pursuant to the Company’s Bye-laws	Management	For	For
5.2	Approve to fix the remuneration of the Non-Executive Directors [including the Independent Non-Executive Directors] at the sum of USD 5,000 for each meeting attended	Management	For	For
6	Authorize the Board of Directors of the Company to appoint Additional Directors as an addition to the Board	Management	For	For
7	Approve to grant a general mandate to the Directors to allot, issue and deal with additional shares in the Company not exceeding 20% of the Company’s issued share capital	Management	Against	Against
8	Approve to grant a general mandate to the Directors to exercise all the powers of the Company to repurchase shares in the Company not exceeding 10% of the Company’s issued share capital	Management	For	For
9	Approve to approve the addition of the aggregate nominal amount of shares repurchased pursuant to Resolution 8 above to the aggregate nominal amount of share capital which may be allotted pursuant to Resolution 7 above	Management	For	For
10	Transact any other ordinary business of the Company	Non-Voting

INTRALOT S A - INTEGRATED LOTTERY SYS & SVCS

Security	X3968Y103	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	10-Jun-2010
ISIN	GRS343313003	Agenda	702437244 - Management
City	ATHENS	Holding Recon Date	08-Jun-2010
Country	Greece                        Blocking	Vote Deadline Date	31-May-2010
SEDOL(s)	5799284 - B28JLJ8 - B3BHRJ8	Quick Code

Item	Proposal	Type	Vote	For/Against Management
1	Approve the corporate and consolidated annual financial statements of the FY 01 JAN 2009 to 31 DEC 2009, in accordance with the International Financial Reporting Standards I.F.R.S., after hearing the relevant Board of Directors Reports and the Certified Auditors report regarding the above mentioned year and decision on the distribution of said years profits	Management	For	For

2	Grant discharge to both the Board of Directors Members and the Certified Auditor from any liability for indemnity regarding Company’s administration, the financial statements and the consolidated financial statements during the fiscal period under examination 01 JAN 2009-31 DEC 2009	Management	For	For
3	Election of Regular and Alternate Certified Auditors for the audit of the FY 01 JAN 2010 to 31 DEC 2010 and approve the determination of their fees	Management	For	For
4	Approve the remuneration on the profits and compensations of the Board of Directors members for the FY 2009 and preliminary approval of remuneration and compensations of Non Executive Members of the Board of Directors for the year 2010, pursuant to Article 24 of Codified Law 2190/1920 Article 5 of the Law 3016/2002	Management	For	For
5	Approve the maximum salary of Board of Directors Members employed by the Company as for the financial period 01 JUL 2010-30 JUN 2011 pursuant to Article 23a of Codified Law 2190/1920	Management	For	For
6	Authorize to both Board of Directors Members and Company’s Directors to participate in the Board of Directors or in the administration of other affiliated Companies as those Companies are defined in Article 42 e of Codified Law 2190/1920	Management	For	For
7	Approve the share buy back pursuant to Article 16 of Codified Law 2190/1920	Management	For	For
8	Approve the issue of convertible bond loan and authorize the Board of Directors for determining the specific terms of the convertible bond loan	Management	Against	Against
9	Various announcements	Management	For	For
	PLEASE NOTE IN THE EVENT THE MEETING DOES NOT REACH QUORUM, THERE WILL BE A FI-RST REPEAT SESSION ON 22 JUN 2010. IN CASE THE FIRST REPEAT SESSION IS NOT REA-CH QUORUM THERE WILL BE A SECOND REPEAT SESSION ON 06 JUL 2010. ALSO, YOUR VOT-ING INSTRUCTIONS WILL NOT BE CARRIED OVER TO THE SECOND CALL. ALL VOTES RECEIV-ED ON THIS MEETING WILL BE DISREGARDED AND YOU WILL NEED TO REINSTRUCT ON THE-REPETITIVE MEETING. PLEASE BE ALSO ADVISED THAT YOUR SHARES WILL BE BLOCKED UN- TIL THE QUORUM IS MET OR THE MEETING IS CANCELLED. THANK YOU.	Non-Voting

SEGA SAMMY HOLDINGS INC.

Security	J7028D104	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	23-Jun-2010
ISIN	JP3419050004	Agenda	702460596 - Management
City	TOKYO	Holding Recon Date	31-Mar-2010
Country	Japan	Vote Deadline Date	21-Jun-2010
SEDOL(s)	B02RK08 - B032Z41 - B034451	Quick Code	64600

Item	Proposal	Type	Vote	For/Against Management
	Please reference meeting materials.	Non-Voting
1.	Amend Articles to: Approve Minor Revisions	Management	For	For
2.1	Appoint a Director	Management	For	For
2.2	Appoint a Director	Management	For	For
2.3	Appoint a Director	Management	For	For
2.4	Appoint a Director	Management	For	For
2.5	Appoint a Director	Management	For	For
2.6	Appoint a Director	Management	For	For
3.	To issue Stock Acquisition Rights as Stock Options to Directors	Management	For	For

DAIWA SECURITIES GROUP INC.

Security	J11718111	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	26-Jun-2010
ISIN	JP3502200003	Agenda	702470131 - Management
City	TOKYO	Holding Recon Date	31-Mar-2010
Country	Japan	Vote Deadline Date	24-Jun-2010
SEDOL(s)	0250797 - 4253145 - 4263467 - 4276830 - 4743088 - 6251448 - B021NV2 - B0K3NN2	Quick Code	86010

Item	Proposal	Type	Vote	For/Against Management
	Please reference meeting materials.	Non-Voting
1.1	Appoint a Director	Management	For	For
1.2	Appoint a Director	Management	For	For
1.3	Appoint a Director	Management	For	For
1.4	Appoint a Director	Management	For	For
1.5	Appoint a Director	Management	For	For
1.6	Appoint a Director	Management	For	For
1.7	Appoint a Director	Management	For	For
1.8	Appoint a Director	Management	For	For
1.9	Appoint a Director	Management	For	For
1.10	Appoint a Director	Management	For	For
1.11	Appoint a Director	Management	For	For
1.12	Appoint a Director	Management	For	For
1.13	Appoint a Director	Management	For	For
1.14	Appoint a Director	Management	For	For
2.	Approve Issuance of Share Acquisition Rights as Stock Options	Management	For	For

THE DAI-ICHI LIFE INSURANCE COMPANY, LIMITED

Security	J09748104	Meeting Type	Annual General Meeting
Ticker Symbol		Meeting Date	28-Jun-2010
ISIN	JP3476480003	Agenda	702491135 - Management
City	CHIBA	Holding Recon Date	16-Apr-2010
Country	Japan	Vote Deadline Date	24-Jun-2010
SEDOL(s)	B5VDJ16 - B601QS4	Quick Code	87500

Item	Proposal	Type	Vote	For/Against Management
	Please reference meeting materials.	Non-Voting
1.	Appropriation of Surplus for the Fiscal Year ended March 31, 2010	Management	For	For
2.	Distribution of Surplus	Management	For	For

IVY DIVIDEND OPPORTUNITIES FUND

Proxy Voting Record

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

Microchip Technology Incorporated	Meeting Date
	14-Aug-09
Ticker: MCHP

CUSIP: 595017104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Steve Sanghi	Mgmt	Yes	For	For
1.2	Elect Director Albert J. Hugo-martinez	Mgmt	Yes	For	For
1.3	Elect Director L.b. Day	Mgmt	Yes	For	For
1.4	Elect Director Matthew W. Chapman	Mgmt	Yes	For	For
1.5	Elect Director Wade F. Meyercord	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	305,350	305,350
		Totals:	305,350	305,350

Medtronic, Inc.	Meeting Date
	27-Aug-09
Ticker: MDT

CUSIP: 585055106

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Richard H. Anderson	Mgmt	Yes	For	For
1.2	Elect Director Victor J. Dzau	Mgmt	Yes	For	For
1.3	Elect Director William A. Hawkins	Mgmt	Yes	For	For
1.4	Elect Director S. Ann Jackson	Mgmt	Yes	For	For
1.5	Elect Director Denise M. O’Leary	Mgmt	Yes	For	For
1.6	Elect Director Robert C. Pozen	Mgmt	Yes	For	For
1.7	Elect Director Jean-pierre Rosso	Mgmt	Yes	For	For
1.8	Elect Director Jack W. Schuler	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Qualified Employee Stock Purchase Plan	Mgmt	Yes	For	For
4	Amend Omnibus Stock Plan	Mgmt	Yes	For	For

Page 1 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	100,500	100,500
		Totals:	100,500	100,500

The Procter & Gamble Company	Meeting Date
	13-Oct-09
Ticker: PG

CUSIP: 742718109

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Kenneth I. Chenault	Mgmt	Yes	For	For
2	Elect Director Scott D. Cook	Mgmt	Yes	For	Against
3	Elect Director Rajat K. Gupta	Mgmt	Yes	For	For
4	Elect Director A.G. Lafley	Mgmt	Yes	For	For
5	Elect Director Charles R. Lee	Mgmt	Yes	For	For
6	Elect Director Lynn M. Martin	Mgmt	Yes	For	For
7	Elect Director Robert A. McDonald	Mgmt	Yes	For	For
8	Elect Director W. James McNerney, Jr.	Mgmt	Yes	For	For
9	Elect Director Johnathan A. Rodgers	Mgmt	Yes	For	For
10	Elect Director Ralph Snyderman	Mgmt	Yes	For	For
11	Elect Director Mary Agnes Wilderotter	Mgmt	Yes	For	For
12	Elect Director Patricia A. Woertz	Mgmt	Yes	For	For
13	Elect Director Ernesto Zedillo	Mgmt	Yes	For	For
14	Ratify Auditors	Mgmt	Yes	For	For
15	Amend Code of Regulations	Mgmt	Yes	For	For
16	Approve Omnibus Stock Plan	Mgmt	Yes	For	For
17	Provide for Cumulative Voting	SH	Yes	Against	Against
18	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	41,750	41,750
		Totals:	41,750	41,750

Page 2 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

Diageo plc	Meeting
	Date
	14-Oct-09
Ticker: N/A

CUSIP: G42089113

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Meeting for ADR Holders	Mgmt	No	None	None
1	Report And Accounts 2009	Mgmt	Yes	For	For
2	Directors Remuneration Report 2009	Mgmt	Yes	For	For
3	Declaration Of Final Dividend	Mgmt	Yes	For	For
4	Re-election Of LM Danon As A Director	Mgmt	Yes	For	For
5	Re-election Of Lord Hollick As A Director	Mgmt	Yes	For	For
6	Re-election Of PS Walsh As A Director	Mgmt	Yes	For	For
7	Election Of PB Bruzelius As A Director	Mgmt	Yes	For	For
8	Election Of BD Holden As A Director	Mgmt	Yes	For	For
9	Re-appointment Of Auditor	Mgmt	Yes	For	For
10	Remuneration Of Auditor	Mgmt	Yes	For	For
11	Authority To Allot Shares	Mgmt	Yes	For	Against
12	Disapplication Of Pre-emption Rights	Mgmt	Yes	For	For
13	Authority To Purchase Own Ordinary Shares	Mgmt	Yes	For	For
14	Authority To Make Political Donations And/or To Incur Political Expenditure In The EU.	Mgmt	Yes	For	For
15	Adoption Of The Diageo Plc 2009 Discretionary Incentive Plan	Mgmt	Yes	For	For
16	Adoption Of The Diageo Plc 2009 Executive Long Term Incentive Plan	Mgmt	Yes	For	Against
17	Adoption Of The Diageo Plc International Sharematch Plan 2009	Mgmt	Yes	For	For
18	Authority To Establish International Share Plans	Mgmt	Yes	For	Against
19	Adoption Of The Diageo Plc 2009 Irish Sharesave Plan	Mgmt	Yes	For	For
20	Amendments To The Rules Of Diageo Plc Executive Share Option Plan	Mgmt	Yes	For	For
21	Amendments To The Rules Of Diageo Plc 2008 Senior Executive Share Option Plan	Mgmt	Yes	For	For
22	Amendments To The Rules Of Diageo Plc Senior Executive Share Option Plan	Mgmt	Yes	For	For
23	Reduced Notice Of A General Meeting Other Than An Annual General Meeting	Mgmt	Yes	For	For
24	Adoption Of Articles Of Association	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	65,050	65,050
		Totals:	65,050	65,050

Page 3 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

Microsoft Corporation	Meeting
	Date
	19-Nov-09
Ticker: MSFT

CUSIP: 594918104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director William H. Gates, III	Mgmt	Yes	For	For
2	Elect Director Steven A. Ballmer	Mgmt	Yes	For	For
3	Elect Director Dina Dublon	Mgmt	Yes	For	For
4	Elect Director Raymond V. Gilmartin	Mgmt	Yes	For	For
5	Elect Director Reed Hastings	Mgmt	Yes	For	For
6	Elect Director Maria Klawe	Mgmt	Yes	For	For
7	Elect Director David F. Marquardt	Mgmt	Yes	For	For
8	Elect Director Charles H. Noski	Mgmt	Yes	For	For
9	Elect Director Helmut Panke	Mgmt	Yes	For	For
10	Ratify Auditors	Mgmt	Yes	For	For
11	Permit Right to Call Special Meeting	Mgmt	Yes	For	For
12	Advisory Vote to Ratify Named Executive Officers' Compensation	Mgmt	Yes	For	For
13	Adopt Principles for Health Care Reform	SH	Yes	Against	Against
14	Report on Charitable Contributions	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	175,400	175,400
		Totals:	175,400	175,400

Visa Inc.	Meeting
	Date
	20-Jan-10
Ticker: V

CUSIP: 92826C839

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Robert W. Matschullat	Mgmt	Yes	For	For
1.2	Elect Director Cathy E. Minehan	Mgmt	Yes	For	For
1.3	Elect Director David J. Pang	Mgmt	Yes	For	For
1.4	Elect Director William S. Shanahan	Mgmt	Yes	For	For
1.5	Elect Director John A. Swainson	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Page 4 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Sent	41,600	41,600
		Totals:	41,600	41,600

Monsanto Co.	Meeting
	Date
	26-Jan-10
Ticker: MON

CUSIP: 61166W101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Frank V. AtLee III	Mgmt	Yes	For	For
2	Elect Director David L. Chicoine	Mgmt	Yes	For	For
3	Elect Director Arthur H. Harper	Mgmt	Yes	For	For
4	Elect Director Gwendolyn S. King	Mgmt	Yes	For	For
5	Ratify Auditors	Mgmt	Yes	For	For
6	Amend Omnibus Stock Plan	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	58,800	58,800
		Totals:	58,800	58,800

Air Products and Chemicals,	Meeting
Inc.	Date
	28-Jan-10
Ticker: APD

CUSIP: 009158106

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director William L. Davis, III	Mgmt	Yes	For	For
1.2	Elect Director W. Douglas Ford	Mgmt	Yes	For	For
1.3	Elect Director Evert Henkes	Mgmt	Yes	For	For
1.4	Elect Director Margaret G. McGlynn	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Omnibus Stock Plan	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Sent	61,450	61,450
		Totals:	61,450	61,450

Page 5 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

D.R. Horton, Inc.	Meeting
	Date
	28-Jan-10
Ticker: DHI

CUSIP: 23331A109

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Donald R. Horton	Mgmt	Yes	For	For
1.2	Elect Director Bradley S. Anderson	Mgmt	Yes	For	For
1.3	Elect Director Michael R. Buchanan	Mgmt	Yes	For	For
1.4	Elect Director Michael W. Hewatt	Mgmt	Yes	For	For
1.5	Elect Director Bob G. Scott	Mgmt	Yes	For	For
1.6	Elect Director Donald J. Tomnitz	Mgmt	Yes	For	For
1.7	Elect Director Bill W. Wheat	Mgmt	Yes	For	For
2	Approve Shareholder Rights Plan (Poison Pill)	Mgmt	Yes	For	Against
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Sent	195,200	195,200
		Totals:	195,200	195,200

Emerson Electric Co.	Meeting
	Date
	02-Feb-10
Ticker: EMR

CUSIP: 291011104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director C. A. H. Boersig	Mgmt	Yes	For	For
1.2	Elect Director C. Fernandez G.	Mgmt	Yes	For	For
1.3	Elect Director W. J. Galvin	Mgmt	Yes	For	For
1.4	Elect Director R. L. Stephenson	Mgmt	Yes	For	For
1.5	Elect Director V. R. Loucks, Jr.	Mgmt	Yes	For	For
1.6	Elect Director R. L. Ridgway	Mgmt	Yes	For	For
2	Amend Executive Incentive Bonus Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Sent	110,250	110,250
		Totals:	110,250	110,250

Page 6 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

Burlington Northern Santa	Meeting
Fe Corp.	Date
	11-Feb-10
Ticker: BNI

CUSIP: 12189T104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Approve Merger Agreement	Mgmt	Yes	For	For
2	Adjourn Meeting	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	37,050	37,050
		Totals:	37,050	37,050

Bank of America Corp.	Meeting
	Date
	23-Feb-10
Ticker: BAC

CUSIP: 060505104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Increase Authorized Common Stock	Mgmt	Yes	For	For
2	Adjourn Meeting	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	272,100	272,100
		Totals:	272,100	272,100

Deere & Co.	Meeting
	Date
	24-Feb-10
Ticker: DE

CUSIP: 244199105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Samuel R. Allen	Mgmt	Yes	For	For
2	Elect Director Aulana L. Peters	Mgmt	Yes	For	For
3	Elect Director David B. Speer	Mgmt	Yes	For	For
4	Declassify the Board of Directors	Mgmt	Yes	For	For
5	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
6	Amend Executive Incentive Bonus Plan	Mgmt	Yes	For	For
7	Ratify Auditors	Mgmt	Yes	For	For

Page 7 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

8	Limit Executive Compensation	SH	Yes	Against	Against
9	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Abstain
10	Require Independent Board Chairman	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	132,450	132,450
		Totals:	132,450	132,450

QUALCOMM Incorporated	Meeting
	Date
	02-Mar-10
Ticker: QCOM

CUSIP: 747525103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Barbara T. Alexander	Mgmt	Yes	For	For
1.2	Elect Director Stephen M. Bennett	Mgmt	Yes	For	For
1.3	Elect Director Donald G. Cruickshank	Mgmt	Yes	For	For
1.4	Elect Director Raymond V. Dittamore	Mgmt	Yes	For	For
1.5	Elect Director Thomas W. Horton	Mgmt	Yes	For	For
1.6	Elect Director Irwin Mark Jacobs	Mgmt	Yes	For	For
1.7	Elect Director Paul E. Jacobs	Mgmt	Yes	For	For
1.8	Elect Director Robert E. Kahn	Mgmt	Yes	For	For
1.9	Elect Director Sherry Lansing	Mgmt	Yes	For	For
1.10	Elect Director Duane A. Nelles	Mgmt	Yes	For	For
1.11	Elect Director Brent Scowcroft	Mgmt	Yes	For	For
1.12	Elect Director Marc I. Stern	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Sent	119,250	119,250
		Totals:	119,250	119,250

Page 8 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

Hewlett-Packard Company	Meeting
	Date
	17-Mar-10
Ticker: HPQ

CUSIP: 428236103

Proponent Votable
Proposal Mgmt Rec Vote
Instruction

1.1	Elect Director Marc L. Andreessen	Mgmt	Yes	For	For
1.2	Elect Director Lawrence T. Babbio, Jr.	Mgmt	Yes	For	For
1.3	Elect Director Sari M. Baldauf	Mgmt	Yes	For	For
1.4	Elect Director Rajiv L. Gupta	Mgmt	Yes	For	For
1.5	Elect Director John H. Hammergren	Mgmt	Yes	For	For
1.6	Elect Director Mark V. Hurd	Mgmt	Yes	For	For
1.7	Elect Director Joel Z. Hyatt	Mgmt	Yes	For	For
1.8	Elect Director John R. Joyce	Mgmt	Yes	For	For
1.9	Elect Director Robert L. Ryan	Mgmt	Yes	For	For
1.10	Elect Director Lucille S. Salhany	Mgmt	Yes	For	For
1.11	Elect Director G. Kennedy Thompson	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
4	Company Request on Advisory Vote on Executive Compensation	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	106,550	106,550
		Totals:	106,550	106,550

Schlumberger Ltd.	Meeting
	Date
	07-Apr-10
Ticker: SLB
CUSIP: 806857108

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect P. Camus as Director	Mgmt	Yes	For	For
1.2	Elect P. Currie as Director	Mgmt	Yes	For	For
1.3	Elect J.S. Gorelick as Director	Mgmt	Yes	For	For
1.4	Elect A. Gould as Director	Mgmt	Yes	For	For
1.5	Elect T. Isaac as Director	Mgmt	Yes	For	For
1.6	Elect K.V. Kamath as Director	Mgmt	Yes	For	For
1.7	Elect N. Kudryavtsev as Director	Mgmt	Yes	For	For
1.8	Elect A. Lajous as Director	Mgmt	Yes	For	For
1.9	Elect M.E. Marks as Director	Mgmt	Yes	For	For
1.10	Elect L.R. Reif as Director	Mgmt	Yes	For	For
1.11	Elect T.I. Sandvold as Director	Mgmt	Yes	For	For
1.12	Elect H. Seydoux as Director	Mgmt	Yes	For	For

Page 9 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund Technology Fund

2	Adopt and Approve Financials and Dividends	Mgmt	Yes	For	For
3	Approve 2010 Omnibus Stock Incentive Plan	Mgmt	Yes	For	For
4	Amend Qualified Employee Stock Purchase Plan	Mgmt	Yes	For	For
5	Ratify PricewaterhouseCoopers LLP as Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Approved	148,500	148,500
		Totals:	148,500	148,500

T. Rowe Price Group, Inc.	Meeting
	Date
	14-Apr-10
Ticker: TROW
CUSIP: 74144T108

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Edward C. Bernard	Mgmt	Yes	For	For
2	Elect Director James T. Brady	Mgmt	Yes	For	For
3	Elect Director J. Alfred Broaddus, Jr.	Mgmt	Yes	For	For
4	Elect Director Donald B. Hebb, Jr.	Mgmt	Yes	For	For
5	Elect Director James A.C. Kennedy	Mgmt	Yes	For	For
6	Elect Director Brian C. Rogers	Mgmt	Yes	For	For
7	Elect Director Alfred Sommer, PHD	Mgmt	Yes	For	For
8	Elect Director Dwight S. Taylor	Mgmt	Yes	For	For
9	Elect Director Anne Marie Whittemore	Mgmt	Yes	For	For
10	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	64,450	64,450
		Totals:	64,450	64,450

PPG Industries, Inc.	Meeting
	Date
	15-Apr-10
Ticker: PPG
CUSIP: 693506107

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director James G. Berges	Mgmt	Yes	For	For
1.2	Elect Director Victoria F. Haynes	Mgmt	Yes	For	For
1.3	Elect Director Martin H. Richenhagen	Mgmt	Yes	For	For

Page 10 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

2	Ratify Auditors	Mgmt	Yes	For	For
3	Report on Community Environmental Impact Disclosure Process	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Sent	63,650	63,650
		Totals:	63,650	63,650

Rio Tinto plc	Meeting Date
	15-Apr-10
Ticker: N/A
CUSIP: G75754104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Meeting for ADR Holders	Mgmt	No
	Resolutions 1 to 9 will be Voted on by Rio Tinto plc and Rio Tinto Limited Shareholders as a Joint Electorate	Mgmt	No
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Approve Remuneration Report	Mgmt	Yes	For	For
3	Elect Robert Brown as Director	Mgmt	Yes	For	For
4	Elect Ann Godbehere as Director	Mgmt	Yes	For	For
5	Elect Sam Walsh as Director	Mgmt	Yes	For	For
6	Re-elect Guy Elliott as Director	Mgmt	Yes	For	For
7	Re-elect Michael Fitzpatrick as Director	Mgmt	Yes	For	For
8	Re-elect Lord Kerr of Kinlochard as Director	Mgmt	Yes	For	For
9	Reappoint PricewaterhouseCoopers LLP as Auditor and Authorise Their Remuneration	Mgmt	Yes	For	For
	Resolutions 10 to 13 will be Voted on by Rio Tinto plc Shareholders Only	Mgmt	No
10	Authorise Issue of Equity with Pre-emptive Rights	Mgmt	Yes	For	Against
11	Authorise Issue of Equity without Pre-emptive Rights	Mgmt	Yes	For	For
12	Authorise Market Purchase	Mgmt	Yes	For	For
13	Authorise the Company to Call EGM with Two Weeks’ Notice	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	22,100	22,100
		Totals:	22,100	22,100

Page 11 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

The Coca-Cola Company	Meeting Date
	21-Apr-10
Ticker: KO
CUSIP: 191216100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Herbert A. Allen	Mgmt	Yes	For	For
2	Elect Director Ronald W. Allen	Mgmt	Yes	For	For
3	Elect Director Cathleen P. Black	Mgmt	Yes	For	For
4	Elect Director Barry Diller	Mgmt	Yes	For	For
5	Elect Director Alexis M. Herman	Mgmt	Yes	For	For
6	Elect Director Muhtar Kent	Mgmt	Yes	For	For
7	Elect Director Donald R. Keough	Mgmt	Yes	For	For
8	Elect Director Maria Elena Lagomasino	Mgmt	Yes	For	For
9	Elect Director Donald F. McHenry	Mgmt	Yes	For	For
10	Elect Director Sam Nunn	Mgmt	Yes	For	For
11	Elect Director James D. Robinson III	Mgmt	Yes	For	For
12	Elect Director Peter V. Ueberroth	Mgmt	Yes	For	For
13	Elect Director Jacob Wallenberg	Mgmt	Yes	For	For
14	Elect Director James B. Williams	Mgmt	Yes	For	For
15	Ratify Auditors	Mgmt	Yes	For	For
16	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
17	Require Independent Board Chairman	SH	Yes	Against	For
18	Performance-Based Equity Awards	SH	Yes	Against	Against
19	Publish Report on Chemical Bisphenol A (BPA)	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	83,400	83,400
		Totals:	83,400	83,400

Abbott Laboratories	Meeting Date
	23-Apr-10
Ticker: ABT
CUSIP: 002824100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director R.J. Alpern	Mgmt	Yes	For	For
1.2	Elect Director R.S. Austin	Mgmt	Yes	For	For
1.3	Elect Director W.M. Daley	Mgmt	Yes	For	For
1.4	Elect Director W.J. Farrell	Mgmt	Yes	For	For
1.5	Elect Director H.L. Fuller	Mgmt	Yes	For	For

Page 12 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

1.6	Elect Director W.A. Osborn	Mgmt	Yes	For	For
1.7	Elect Director D.A.L. Owen	Mgmt	Yes	For	For
1.8	Elect Director R.S. Roberts	Mgmt	Yes	For	For
1.9	Elect Director S.C. Scott, III	Mgmt	Yes	For	For
1.10	Elect Director W.D. Smithburg	Mgmt	Yes	For	For
1.11	Elect Director G.F. Tilton	Mgmt	Yes	For	For
1.12	Elect Director M.D. White	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
4	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	101,000	101,000
		Totals:	101,000	101,000

Stryker Corporation	Meeting Date
	27-Apr-10
Ticker: SYK
CUSIP: 863667101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Howard E. Cox, Jr.	Mgmt	Yes	For	For
1.2	Elect Director Srikant M. Datar, Ph.D.	Mgmt	Yes	For	For
1.3	Elect Director Donald M. Engelman, Ph.D.	Mgmt	Yes	For	For
1.4	Elect Director Louise L. Francesconi	Mgmt	Yes	For	For
1.5	Elect Director Howard L. Lance	Mgmt	Yes	For	For
1.6	Elect Director Stephen P. MacMillan	Mgmt	Yes	For	For
1.7	Elect Director William U. Parfet	Mgmt	Yes	For	For
1.8	Elect Director Ronda E. Stryker	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	36,050	36,050
		Totals:	36,050	36,050

Page 13 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

VF Corporation	Meeting Date
	27-Apr-10
Ticker: VFC
CUSIP: 918204108

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Richard T. Carucci	Mgmt	Yes	For	For
1.2	Elect Director Juliana L. Chugg	Mgmt	Yes	For	For
1.3	Elect Director George Fellows	Mgmt	Yes	For	For
1.4	Elect Director Clarence Otis, Jr.	Mgmt	Yes	For	For
2	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
3	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	49,300	49,300
		Totals:	49,300	49,300

Wells Fargo & Company	Meeting Date
	27-Apr-10
Ticker: WFC
CUSIP: 949746101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Election Director John D. Baker II	Mgmt	Yes	For	For
2	Election Director John S. Chen	Mgmt	Yes	For	For
3	Election Director Lloyd H. Dean	Mgmt	Yes	For	For
4	Election Director Susan E. Engel	Mgmt	Yes	For	For
5	Election Director Enrique Hernandez, Jr.	Mgmt	Yes	For	For
6	Election Director Donald M. James	Mgmt	Yes	For	For
7	Election Director Richard D. McCormick	Mgmt	Yes	For	For
8	Election Director Mackey J. McDonald	Mgmt	Yes	For	For
9	Election Director Cynthia H. Milligan	Mgmt	Yes	For	For
10	Elect Director Nicholas G. Moore	Mgmt	Yes	For	For
11	Elect Director Philip J. Quigley	Mgmt	Yes	For	For
12	Elect Director Judith M. Runstad	Mgmt	Yes	For	For
13	Elect Director Stephen W. Sanger	Mgmt	Yes	For	For
14	Elect Director Robert K. Steel	Mgmt	Yes	For	For
15	Elect Director John G. Stumpf	Mgmt	Yes	For	For
16	Elect Director an G. Swenson	Mgmt	Yes	For	For
17	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	Against
18	Increase Authorized Common Stock	Mgmt	Yes	For	For

Page 14 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

19	Ratify Auditors	Mgmt	Yes	For	For
20	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
21	Require Independent Board Chairman	SH	Yes	Against	For
22	Report on Charitable Contributions	SH	Yes	Against	Against
23	Report on Political Contributions	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	132,300	132,300
		Totals:	132,300	132,300

Bank of America Corporation	Meeting Date
	28-Apr-10
Ticker: BAC
CUSIP: 060505104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Susan S. Bies	Mgmt	Yes	For	For
2	Elect Director William P. Boardman	Mgmt	Yes	For	For
3	Elect Director Frank P. Bramble, Sr.	Mgmt	Yes	For	For
4	Elect Director Virgis W. Colbert	Mgmt	Yes	For	For
5	Elect Director Charles K. Gifford	Mgmt	Yes	For	For
6	Elect Director Charles O. Holliday, Jr.	Mgmt	Yes	For	For
7	Elect Director D. Paul Jones, Jr.	Mgmt	Yes	For	For
8	Elect Director Monica C. Lozano	Mgmt	Yes	For	For
9	Elect Director Thomas J. May	Mgmt	Yes	For	For
10	Elect Director Brian T. Moynihan	Mgmt	Yes	For	For
11	Elect Director Donald E. Powell	Mgmt	Yes	For	For
12	Elect Director Charles O. Rossotti	Mgmt	Yes	For	For
13	Elect Director Robert W. Scully	Mgmt	Yes	For	For
14	Ratify Auditors	Mgmt	Yes	For	For
15	Increase Authorized Common Stock	Mgmt	Yes	For	For
16	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	Against
17	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
18	Report on Government Service of Employees	SH	Yes	Against	Against
19	TARP Related Compensation	SH	Yes	Against	Against
20	Amend Articles/Bylaws/Charter — Call Special Meetings	SH	Yes	Against	For
21	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against

Page 15 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

22	Adopt Policy on Succession Planning	SH	Yes	Against	Against
23	Report on Collateral in Derivatives Trading	SH	Yes	Against	Against
24	Claw-back of Payments under Restatements	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	272,100	272,100
		Totals:	272,100	272,100

Textron Inc.	Meeting Date
	28-Apr-10
Ticker: TXT
CUSIP: 883203101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Kathleen M. Bader	Mgmt	Yes	For	For
2	Elect Director R. Kerry Clark	Mgmt	Yes	For	For
3	Elect Director Ivor J. Evans	Mgmt	Yes	For	For
4	Elect Director Lord Powell of Bayswater	Mgmt	Yes	For	For
5	Elect Director James L. Ziemer	Mgmt	Yes	For	For
6	Approve Option Exchange Program	Mgmt	Yes	For	For
7	Declassify the Board of Directors and Adjust Par Value of Preferred Stock	Mgmt	Yes	For	For
8	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	164,550	164,550
		Totals:	164,550	164,550

Capital One Financial Corporation	Meeting Date
	29-Apr-10
Ticker: COF
CUSIP: 14040H105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director W. Ronald Dietz	Mgmt	Yes	For	For
2	Elect Director Lewis Hay, III	Mgmt	Yes	For	For
3	Elect Director Mayo A. Shattuck III	Mgmt	Yes	For	For
4	Ratify Auditors	Mgmt	Yes	For	For
5	Advisory Vote to Ratify Named Executive Officers’ Compensation	Mgmt	Yes	For	For

Page 16 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

6	Stock Retention/Holding Period	SH	Yes	Against	Against
7	Declassify the Board of Directors	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	171,550	171,550
		Totals:	171,550	171,550

AT&T Inc.	Meeting
	Date
	30-Apr-10
Ticker: T
CUSIP: 00206R102

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Randall L. Stephenson	Mgmt	Yes	For	For
2	Elect Director Gilbert F. Amelio	Mgmt	Yes	For	For
3	Elect Director Reuben V. Anderson	Mgmt	Yes	For	For
4	Elect Director James H. Blanchard	Mgmt	Yes	For	For
5	Elect Director Jaime Chico Pardo	Mgmt	Yes	For	For
6	Elect Director James P. Kelly	Mgmt	Yes	For	For
7	Elect Director Jon C. Madonna	Mgmt	Yes	For	For
8	Elect Director Lynn M. Martin	Mgmt	Yes	For	For
9	Elect Director John B. McCoy	Mgmt	Yes	For	For
10	Elect Director Joyce M. Roche	Mgmt	Yes	For	For
11	Elect Director Laura D Andrea Tyson	Mgmt	Yes	For	For
12	Elect Director Patricia P. Upton	Mgmt	Yes	For	For
13	Ratify Auditors	Mgmt	Yes	For	For
14	Provide for Cumulative Voting	SH	Yes	Against	For
15	Exclude Pension Credits from Calculations of Performance-Based Pay	SH	Yes	Against	For
16	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against
17	Amend Articles/Bylaws/Charter – Call Special Meetings	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	151,200	151,200
		Totals:	151,200	151,200

Page 17 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

Barclays plc	Meeting Date
	30-Apr-10
Ticker: N/A
CUSIP: G08036124

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
	Meeting for ADR Holders	Mgmt	No
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Approve Remuneration Report	Mgmt	Yes	For	For
3	Elect Reuben Jeffery III as Director	Mgmt	Yes	For	For
4	Re-elect Marcus Agius as Director	Mgmt	Yes	For	For
5	Re-elect David Booth as Director	Mgmt	Yes	For	For
6	Re-elect Sir Richard Broadbent as Director	Mgmt	Yes	For	For
7	Re-elect Sir Michael Rake as Director	Mgmt	Yes	For	For
8	Re-elect Sir Andrew Likierman as Director	Mgmt	Yes	For	For
9	Re-elect Chris Lucas as Director	Mgmt	Yes	For	For
10	Reappoint PricewaterhouseCoopers LLP Auditors	Mgmt	Yes	For	For
11	Authorise Board to Fix Remuneration of Auditors	Mgmt	Yes	For	For
12	Authorise EU Political Donations and Expenditure	Mgmt	Yes	For	For
13	Authorise Issue of Equity with Pre-emptive Rights	Mgmt	Yes	For	Against
14	Authorise Issue of Equity without Pre-emptive Rights	Mgmt	Yes	For	For
15	Authorise Market Purchase	Mgmt	Yes	For	For
16	Authorize the Company to Call EGM with Two Weeks Notice	Mgmt	Yes	For	For
17	Adopt New Articles of Association	Mgmt	Yes	For	For
18	Approve SAYE Share Option Scheme	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	142,750	142,750
		Totals:	142,750	142,750

CME Group Inc.	Meeting Date
	05-May-10
Ticker: CME

CUSIP: 12572Q105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Terrence A. Duffy	Mgmt	Yes	For	For
1.2	Elect Director Charles P. Carey	Mgmt	Yes	For	For
1.3	Elect Director Mark E. Cermak	Mgmt	Yes	For	For
1.4	Elect Director Martin J. Gepsman	Mgmt	Yes	For	For
1.5	Elect Director Leo Melamed	Mgmt	Yes	For	For

Page 18 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

1.6	Elect Director Joseph Niciforo	Mgmt	Yes	For	For
1.7	Elect Director C.C. Odom	Mgmt	Yes	For	For
1.8	Elect Director John F. Sandner	Mgmt	Yes	For	For
1.9	Elect Director Dennis A. Suskind	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	11,700	11,700
		Totals:	11,700	11,700

Apache Corporation	Meeting Date
	06-May-10
Ticker: APA

CUSIP: 037411105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Eugene C. Fiedorek	Mgmt	Yes	For	For
2	Elect Director Patricia Albjerg Graham	Mgmt	Yes	For	For
3	Elect Director F.H. Merelli	Mgmt	Yes	For	For
4	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	51,800	51,800
		Totals:	51,800	51,800

Fluor Corporation	Meeting Date
	06-May-10
Ticker: FLR

CUSIP: 343412102

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director James T. Hackett	Mgmt	Yes	For	For
2	Elect Director Kent Kresa	Mgmt	Yes	For	For
3	Elect Director Nader H. Sultan	Mgmt	Yes	For	For
4	Ratify Auditors	Mgmt	Yes	For	For
5	Require Independent Board Chairman	SH	Yes	Against	For

Page 19 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	106,900	106,900
		Totals:	106,900	106,900

Union Pacific Corporation	Meeting Date
	06-May-10
Ticker: UNP

CUSIP: 907818108

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Andrew H. Card, Jr.	Mgmt	Yes	For	For
2	Elect Director Erroll B. Davis, Jr.	Mgmt	Yes	For	For
3	Elect Director Thomas J. Donohue	Mgmt	Yes	For	For
4	Elect Director Archie W. Dunham	Mgmt	Yes	For	For
5	Elect Director Judith Richards Hope	Mgmt	Yes	For	For
6	Elect Director Charles C. Krulak	Mgmt	Yes	For	For
7	Elect Director Michael R. McCarthy	Mgmt	Yes	For	For
8	Elect Director Michael W. McConnell	Mgmt	Yes	For	For
9	Elect Director Thomas F. McLarty III	Mgmt	Yes	For	For
10	Elect Director Steven R. Rogel	Mgmt	Yes	For	For
11	Elect Director Jose H. Villarreal	Mgmt	Yes	For	For
12	Elect Director James R. Young	Mgmt	Yes	For	For
13	Ratify Auditors	Mgmt	Yes	For	For
14	Require Independent Board Chairman	SH	Yes	Against	Against
15	Reduce Supermajority Vote Requirement	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	105,350	105,350
		Totals:	105,350	105,350

Colgate-Palmolive Company	Meeting Date
	07-May-10
Ticker: CL

CUSIP: 194162103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director John T. Cahill	Mgmt	Yes	For	For
2	Elect Director Ian Cook	Mgmt	Yes	For	For

Page 20 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

3	Elect Director Helene D. Gayle	Mgmt	Yes	For	For
4	Elect Director Ellen M. Hancock	Mgmt	Yes	For	For
5	Elect Director Joseph Jimenez	Mgmt	Yes	For	For
6	Elect Director David W. Johnson	Mgmt	Yes	For	For
7	Elect Director Richard J. Kogan	Mgmt	Yes	For	For
8	Elect Director Delano E. Lewis	Mgmt	Yes	For	For
9	Elect Director J. Pedro Reinhard	Mgmt	Yes	For	For
10	Elect Director Stephen I. Sadove	Mgmt	Yes	For	For
11	Ratify Auditors	Mgmt	Yes	For	For
12	Advisory Vote to Ratify Named Executive Officers' Compensation	Mgmt	Yes	For	For
13	Report on Charitable Contributions	SH	Yes	Against	Against
14	Amend Articles/Bylaws/Charter – Call Special Meetings	SH	Yes	Against	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	99,800	99,800
		Totals:	99,800	99,800

Illinois Tool Works Inc.	Meeting Date
	07-May-10
Ticker: ITW

CUSIP: 452308109

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Marvin D. Brailsford	Mgmt	Yes	For	For
2	Elect Director Susan Crown	Mgmt	Yes	For	For
3	Elect Director Don H. Davis, Jr.	Mgmt	Yes	For	For
4	Elect Director Robert C. McCormack	Mgmt	Yes	For	For
5	Elect Director Robert S. Morrison	Mgmt	Yes	For	For
6	Elect Director James A. Skinner	Mgmt	Yes	For	For
7	Elect Director David B. Smith, Jr.	Mgmt	Yes	For	For
8	Elect Director David B. Speer	Mgmt	Yes	For	For
9	Elect Director Pamela B. Strobel	Mgmt	Yes	For	For
10	Ratify Auditors	Mgmt	Yes	For	For
11	Report on Political Contributions	SH	Yes	Against	Against

Page 21 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	103,550	103,550
		Totals:	103,550	103,550

National Oilwell Varco, Inc.	Meeting Date
	12-May-10
Ticker: NOV

CUSIP: 637071101

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Ben A. Guill	Mgmt	Yes	For	For
1.2	Elect Director Roger L. Jarvis	Mgmt	Yes	For	For
1.3	Elect Director Eric L. Mattson	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	89,650	89,650
		Totals:	89,650	89,650

Philip Morris International Inc.	Meeting Date
	12-May-10
Ticker: PM

CUSIP: 718172109

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Harold Brown	Mgmt	Yes	For	For
2	Elect Director Mathis Cabiallavetta	Mgmt	Yes	For	For
3	Elect Director Louis C. Camilleri	Mgmt	Yes	For	For
4	Elect Director J. Dudley Fishburn	Mgmt	Yes	For	For
5	Elect Director Jennifer Li	Mgmt	Yes	For	For
6	Elect Director Graham Mackay	Mgmt	Yes	For	For
7	Elect Director Sergio Marchionne	Mgmt	Yes	For	For
8	Elect Director Lucio A. Noto	Mgmt	Yes	For	For
9	Elect Director Carlos Slim Helu	Mgmt	Yes	For	For
10	Elect Director Stephen M. Wolf	Mgmt	Yes	For	For
11	Ratify Auditors	Mgmt	Yes	For	For
12	Report on Effect of Marketing Practices on the Poor	SH	Yes	Against	Against
13	Establish Supplier Human Rights Purchasing Protocols	SH	Yes	Against	Against

Page 22 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	157,700	157,700
		Totals:	157,700	157,700

Norfolk Southern Corporation	Meeting Date
	13-May-10
Ticker: NSC

CUSIP: 655844108

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Thomas D. Bell, Jr.	Mgmt	Yes	For	For
2	Elect Director Alston D. Correll	Mgmt	Yes	For	For
3	Elect Director Landon Hilliard	Mgmt	Yes	For	For
4	Elect Director Burton M. Joyce	Mgmt	Yes	For	For
5	Ratify Auditors	Mgmt	Yes	For	For
6	Declassify the Board of Directors	Mgmt	Yes	For	For
7	Amend Omnibus Stock Plan	Mgmt	Yes	For	For
8	Amend Executive Incentive Bonus Plan	Mgmt	Yes	For	For
9	Report on Political Contributions	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	62,950	62,950
		Totals:	62,950	62,950

Nucor Corporation	Meeting Date
	13-May-10
Ticker: NUE

CUSIP: 670346105

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Daniel R. DiMicco	Mgmt	Yes	For	For
1.2	Elect Director James D. Hlavacek	Mgmt	Yes	For	For
1.3	Elect Director John H. Walker	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Declassify the Board of Directors	Mgmt	Yes	For	For
4	Approve Omnibus Stock Plan	Mgmt	Yes	For	For
5	Require a Majority Vote for the Election of Directors	SH	Yes	Against	For
6	Report on Political Contributions	SH	Yes	Against	Against

Page 23 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	58,950	58,950
		Totals:	58,950	58,950

Starwood Hotels & Resorts Worldwide, Inc.	Meeting Date
	13-May-10
Ticker: HOT

CUSIP: 85590A401

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Adam M. Aron	Mgmt	Yes	For	For
1.2	Elect Director Charlene Barshefsky	Mgmt	Yes	For	For
1.3	Elect Director Thomas E. Clarke	Mgmt	Yes	For	For
1.4	Elect Director Clayton C. Daley, Jr.	Mgmt	Yes	For	For
1.5	Elect Director Bruce W. Duncan	Mgmt	Yes	For	For
1.6	Elect Director Lizanne Galbreath	Mgmt	Yes	For	For
1.7	Elect Director Eric Hippeau	Mgmt	Yes	For	For
1.8	Elect Director Stephen R. Quazzo	Mgmt	Yes	For	For
1.9	Elect Director Thomas O. Ryder	Mgmt	Yes	For	For
1.10	Elect Director Frits van Paasschen	Mgmt	Yes	For	For
1.11	Elect Director Kneeland C. Youngblood	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Executive Incentive Bonus Plan	Mgmt	Yes	For	For

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	106,700	106,700
		Totals:	106,700	106,700

The Dow Chemical Company	Meeting Date
	13-May-10
Ticker: DOW

CUSIP: 260543103

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Elect Director Arnold A. Allemang	Mgmt	Yes	For	For
2	Elect Director Jacqueline K. Barton	Mgmt	Yes	For	For
3	Elect Director James A. Bell	Mgmt	Yes	For	For
4	Elect Director Jeff M. Fettig	Mgmt	Yes	For	For

Page 24 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

5	Elect Director Barbara H. Franklin	Mgmt	Yes	For	For
6	Elect Director John B. Hess	Mgmt	Yes	For	For
7	Elect Director Andrew N. Liveris	Mgmt	Yes	For	For
8	Elect Director Paul Polman	Mgmt	Yes	For	For
9	Elect Director Dennis H. Reilley	Mgmt	Yes	For	For
10	Elect Director James M. Ringler	Mgmt	Yes	For	For
11	Elect Director Ruth G. Shaw	Mgmt	Yes	For	For
12	Elect Director Paul G. Stern	Mgmt	Yes	For	For
13	Ratify Auditors	Mgmt	Yes	For	For
14	Provide Right to Call Special Meeting	Mgmt	Yes	For	For
15	Report on Environmental Remediation in Midland Area	SH	Yes	Against	Against
16	Stock Retention/Holding Period	SH	Yes	Against	Against
17	Advisory Vote to Ratify Named Executive Officers’ Compensation	SH	Yes	Against	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	114,000	114,000
		Totals:	114,000	114,000

Macy’s, Inc.	Meeting Date
	14-May-10
Ticker: M
CUSIP: 55616P104

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director Stephen F. Bollenbach	Mgmt	Yes	For	For
1.2	Elect Director Deirdre P. Connelly	Mgmt	Yes	For	For
1.3	Elect Director Meyer Feldberg	Mgmt	Yes	For	For
1.4	Elect Director Sara Levinson	Mgmt	Yes	For	For
1.5	Elect Director Terry J. Lundgren	Mgmt	Yes	For	For
1.6	Elect Director Joseph Neubauer	Mgmt	Yes	For	For
1.7	Elect Director Joseph A. Pichler	Mgmt	Yes	For	For
1.8	Elect Director Joyce M. Roché	Mgmt	Yes	For	For
1.9	Elect Director Craig E. Weatherup	Mgmt	Yes	For	For
1.10	Elect Director Marna C. Whittington	Mgmt	Yes	For	For
2	Ratify Auditors	Mgmt	Yes	For	For
3	Amend Certificate of Incorporation to Reduce Supermajority Vote Requirements and Eliminate Certain Provisions	Mgmt	Yes	For	For
4	Require a Majority Vote for the Election of Directors	SH	Yes	Against	For

Page 25 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	214,950	214,950
		Totals:	214,950	214,950

Transocean Ltd.	Meeting Date
	14-May-10
Ticker: RIG
CUSIP: H8817H100

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1	Accept Financial Statements and Statutory Reports	Mgmt	Yes	For	For
2	Approve Discharge of Board and Senior Management	Mgmt	Yes	For	For
3	Approve Allocation of Income and Omission of Dividends	Mgmt	Yes	For	For
4	Change Location of Registered Office to Steinhausen, Switzerland	Mgmt	Yes	For	For
5	Approve Creation of CHF 2.5 Billion Pool of Capital without Preemptive Rights	Mgmt	Yes	For	For
6	Approve Reduction in Share Capita and Repayment of $3.11 per Sharel	Mgmt	Yes	For	For
7	Amend Articles Re: Share Certificates due to New Swiss Federal Act on Intermediated Securities	Mgmt	Yes	For	For
8a	Elect Steven Newman as Director	Mgmt	Yes	For	For
8b	Reelect Thomas Carson as Director	Mgmt	Yes	For	For
8c	Reelect Robert Sprague as Director	Mgmt	Yes	For	For
8d	Reelect J. Michael Talbert as Director	Mgmt	Yes	For	For
8e	Reelect John Whitmire as Director	Mgmt	Yes	For	For
9	Appointment Of Ernst & Young LLP as Independent Registered Public Accounting Firm for Fiscal Year 2010	Mgmt	Yes	For	For
10	Transact Other Business (Voting)	Mgmt	Yes	For	Against

Accounts and Shares Institutional Account Detail (IA Name, IA Number)	Custodian Account	Ballot Status	Available	Voted
16 Ivy Dividend Opportunities Fund, 16	126394.1	Confirmed	40,350	40,350
		Totals:	40,350	40,350

Page 26 of 34

Vote Summary Report   Report was run from: 7/1/09 to 6/30/10   Institutional Account(s): 16 Ivy Dividend Opportunities Fund

Dominion Resources, Inc.	Meeting Date
	18-May-10
Ticker: D
CUSIP: 25746U109

		Proponent	Votable Proposal	Mgmt Rec	Vote Instruction
1.1	Elect Director William P. Barr	Mgmt	Yes	For	For
1.2	Elect Director Peter W. Brown	Mgmt	Yes	For	For
1.3	Elect Director George A. Davidson, Jr.	Mgmt	Yes	For	For
1.4	Elect Director Thomas F. Farrell II	Mgmt	Yes	For	For
1.5	Elect Director John W. Harris	Mgmt	Yes	For	For
1.6	Elect Director Robert S. Jepson, Jr.	Mgmt	Yes	For	For
1.7	Elect Director Mark J. Kington	Mgmt	Yes	For	For
1.8	Elect Director Margaret A. McKenna	Mgmt	Yes	For	For
1.9	Elect Director Frank S. Royal	Mgmt	Yes