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- 22001

TDX Independence Funds, Inc.
(Exact name of registrant as specified in charter)

420 Lexington Ave.
New York, NY 10170
(Address of principal executive offices)                (Zip code)

TDX Independence Funds, Inc.
420 Lexington Ave.
New York, NY 10170

(Name and address of agent for service)

Registrant’s telephone number, including area code: (800) 925-2870

Date of fiscal year end: May 31

Date of reporting period: June 30, 2009

Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant’s proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and Rule 30b1-4 thereunder (17 CFR 270.30b1 -4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
07/10/08 - A	Greenlight Capital Re, Ltd.		G4095J109			06/02/08		230
	*GLRE*
		This is a duplicate meeting for ballots
		received via the Broadridge North
		American Ballot distribution system.
	1	TO ELECT SEVEN DIRECTORS OF		For	For		Mgmt
		THE COMPANY TO SERVE ON THE
		BOARD OF DIRECTORS UNTIL THE
		ANNUAL GENERAL MEETING OF
		SHAREHOLDERS IN 2009.
	2	TO ELECT SEVEN DIRECTORS OF		For	For		Mgmt
		GREENLIGHT REINSURANCE, LTD.,
		OR GREENLIGHT RE. TO SERVE ON
		THE BOARD UNTIL THE ANNUAL
		GENERAL MEETING OF
		SHAREHOLDERS IN 2009 OF
		GREENLIGHT RE.
	3	TO AMEND ARTICLE 11 OF THE		For	Against		Mgmt
		COMPANY S THIRD AMENDED AND
		RESTATED ARTICLES OF
		ASSOCIATION AS SET FORTH IN
		EXHIBIT A TO THE PROXY
		STATEMENT.
	4	RATIFY AUDITORS		For	For		Mgmt
	5	RATIFY AUDITORS		For	For		Mgmt
07/16/08 - A	BT Group plc		G16612106			None		2,416
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 10.4 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect Hanif Lalani as Director		For	For		Mgmt
	5	Re-elect Carl Symon as Director		For	For		Mgmt
	6	Elect Sir Michael Rake as Director		For	For		Mgmt
	7	Elect Gavin Patterson as Director		For	For		Mgmt
	8	Elect Eric Daniels as Director		For	For		Mgmt
	9	Elect Patricia Hewitt as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of GBP 127,000,000
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of GBP 21,000,000
	14	Authorise 774,000,000 Ordinary Shares		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 1

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		for Market Purchase
	15	Authorise British Telecommunications		For	For		Mgmt
		plc to Make EU Political Donations to
		Political Parties and/or Independent
		Election Candidates up to GBP 75,000
		and to Political Organisations Other
		Than Political Parties up to GBP 25,000
07/16/08 - A	Park Electrochemical Corp.		700416209			05/21/08		41
	*PKE*
	1	Elect Directors		For	For		Mgmt
	2	Amend Stock Option Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
07/16/08 -	Suez		F90131115			07/11/08		126
A/S
		Special Business
	1	Approve Merger by Absorption of		For	For		Mgmt
		Rivolam
	2	Approve Spin-Off of Suez		For	For		Mgmt
		Environnement
		Ordinary Business
	3	Approve Distribution of 65 percent of		For	For		Mgmt
		Suez Environnement to Suez's
		Shareholders
	4	Approve Special Auditors' Report		For	For		Mgmt
		Regarding Related-Party Transactions
		Special Business
	5	Approve Merger by Absorption of Suez		For	For		Mgmt
		by GDF
	6	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
07/18/08 - A	Constellation Energy Group,		210371100			04/28/08		469
	Inc. *CEG*
	1	Elect Director Yves C. de Balmann		For	For		Mgmt
	2	Elect Director Douglas L. Becker		For	For		Mgmt
	3	Elect Director Ann C. Berzin		For	For		Mgmt
	4	Elect Director James T. Brady		For	For		Mgmt
	5	Elect Director Edward A. Crooke		For	For		Mgmt
	6	Elect Director James R. Curtiss		For	For		Mgmt
	7	Elect Director Freeman A. Hrabowski, III		For	For		Mgmt
	8	Elect Director Nancy Lampton		For	For		Mgmt
	9	Elect Director Robert J. Lawless		For	For		Mgmt
	10	Elect Director Lynn M. Martin		For	For		Mgmt
	11	Elect Director Mayo A. Shattuck, III		For	For		Mgmt
	12	Elect Director John L. Skolds		For	For		Mgmt
	13	Elect Director Michael D. Sullivan		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 2

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	14	Ratify Auditors		For	For		Mgmt
	15	Increase Authorized Common Stock		For	Against		Mgmt
07/23/08 - S	Ansoft Corp.		036384105			06/06/08		589
	1	Approve Acquisition		For	For		Mgmt
	2	Adjourn Meeting		For	For		Mgmt
	3	Other Business		For	Against		Mgmt
07/23/08 - A	McKesson Corporation		58155Q103			05/30/08		835
	*MCK*
	1	Elect Director Andy D. Bryant		For	For		Mgmt
	2	Elect Director Wayne A. Budd		For	For		Mgmt
	3	Elect Director John H. Hammergren		For	For		Mgmt
	4	Elect Director Alton F. Irby III		For	For		Mgmt
	5	Elect Director M. Christine Jacobs		For	For		Mgmt
	6	Elect Director Marie L. Knowles		For	For		Mgmt
	7	Elect Director David M. Lawrence		For	For		Mgmt
	8	Elect Director Edward A. Mueller		For	For		Mgmt
	9	Elect Director James V. Napier		For	For		Mgmt
	10	Elect Director Jane E. Shaw		For	For		Mgmt
	11	Ratify Auditors		For	For		Mgmt
07/24/08 - A	Steris Corp. *STE*		859152100			06/02/08		250
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
07/28/08 -	Carrefour		F13923119			07/23/08		86
A/S
		Ordinary Business
	1	Ratify Appointment of Bernard Arnault		For	For		Mgmt
		as Supervisory Board Member
		Special Business
	2	Adopt One-Tiered Board Structure		For	For		Mgmt
	3	Amend Article of Bylaws Re: Allocation		For	For		Mgmt
		of Income
	4	Adopt New Articles of Association		For	For		Mgmt
	5	Transfer to the Board of Directors		For	Against		Mgmt
		Outstanding Authorizations
		Ordinary Business
	6	Transfer to the Board of Directors		For	Against		Mgmt
		Authorizations Previously Granted
		Regarding the Repurchase Share
		Program
	7	Elect Rene Abate as Director		For	For		Mgmt
	8	Elect Bernard Arnault as Director		For	For		Mgmt
	9	Elect Sebastien Bazin as Director		For	For		Mgmt
	10	Elect Nicolas Bazire as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 3

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	11	Elect Jean-Laurent Bonnafe as Director		For	For		Mgmt
	12	Elect Thierry Breton as Director		For	For		Mgmt
	13	Elect Rene Brillet as Director		For	For		Mgmt
	14	Elect Charles Edelstenne as Director		For	For		Mgmt
	15	Elect Jean-Martin Folz as Director		For	For		Mgmt
	16	Elect Jose Luis Leal Maldonado as		For	For		Mgmt
		Director
	17	Elect Amaury de Seze as Director		For	For		Mgmt
	18	Elect Anne-Claire Taittinger as Director		For	For		Mgmt
	19	Acknowledge The length of Mandate of		For	For		Mgmt
		Directors
	20	Approve Remuneration of Directors in		For	For		Mgmt
		the Aggregate Amount of EUR 900,000
	21	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
07/28/08 - A	National Grid plc		G6375K151			None		774
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 21.3 Pence		For	For		Mgmt
		Per Ordinary Share
	3	Elect Bob Catell as Director		For	For		Mgmt
	4	Elect Tom King as Director		For	For		Mgmt
	5	Elect Philip Aiken as Director		For	For		Mgmt
	6	Re-elect John Allan as Director		For	For		Mgmt
	7	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	8	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	9	Approve Remuneration Report		For	For		Mgmt
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of GBP 94,936,979
	11	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of GBP 14,240,547
	12	Authorise 249,936,128 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	13	Adopt New Articles of Association		For	For		Mgmt
07/29/08 - A	Vodafone Group plc		G93882135			None		14,161
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Re-elect Sir John Bond as Director		For	For		Mgmt
	3	Re-elect John Buchanan as Director		For	For		Mgmt
	4	Re-elect Vittorio Colao as Director		For	For		Mgmt
	5	Re-elect Andy Halford as Director		For	For		Mgmt
	6	Re-elect Alan Jebson as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 4

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	7	Re-elect Nick Land as Director		For	For		Mgmt
	8	Re-elect Anne Lauvergeon as Director		For	For		Mgmt
	9	Re-elect Simon Murray as Director		For	For		Mgmt
	10	Re-elect Luc Vandevelde as Director		For	For		Mgmt
	11	Re-elect Anthony Watson as Director		For	For		Mgmt
	12	Re-elect Philip Yea as Director		For	For		Mgmt
	13	Approve Final Dividend of 5.02 Pence		For	For		Mgmt
		Per Ordinary Share
	14	Approve Remuneration Report		For	For		Mgmt
	15	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors of the Company
	16	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	17	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 1,100,000,000
	18	Subject to the Passing of Resolution 17,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 300,000,000
	19	Authorise 5,300,000,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	20	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Parties, and/or
		Independent Election Candidates, to
		Political Organisations Other Than
		Political Parties and Incur EU Political
		Expenditure up to GBP 100,000
	21	Amend Articles of Association		For	For		Mgmt
	22	Approve Vodafone Group 2008		For	For		Mgmt
		Sharesave Plan
07/31/08 - A	THQ Inc. *THQI*		872443403			06/02/08		67
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
08/05/08 - A	Apollo Investment		03761U106			06/19/08		330
	Corporation
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Authorize Company to Sell Shares		For	For		Mgmt
		Below Net Asset Value
Mgmt Rec - Company Management Recommended Vote								Page 5

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
08/07/08 - S	BNY Hamilton Funds, Inc.		05561M333			05/02/08		37,053
	1	Approve Reorganization of Funds		For	For		Mgmt
08/18/08 - S	CME Group Inc. *CME*		12572Q105			07/18/08		37
	1	Approve Increase in Size of Board		For	For		Mgmt
	2	Issue Shares in Connection with		For	For		Mgmt
		Acquisition
	3	Adjourn Meeting		For	For		Mgmt
09/09/08 - S	Illumina, Inc. *ILMN*		452327109			07/28/08		162
	1	Increase Authorized Common Stock		For	For		Mgmt
09/11/08 - A	American Science and		029429107			07/28/08		140
	Engineering, Inc. *ASEI*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
09/19/08 - A	SHIP FINANCE		G81075106			07/11/08		218
	INTERNATIONAL LTD *SFL*
		This is a duplicate meeting for ballots
		received via the Broadridge North
		American Ballot distribution system.
	1	Elect Directors		For	Split		Mgmt
	1.1	ELECT DIRECTOR TOR OLAV TROIM
		--- Withhold
	1.2	ELECT DIRECTOR PAUL LEAND JR. --
		- For
	1.3	ELECT KATE BLANKENSHIP ---
		Withhold
	1.4	ELECT DIRECTOR CRAIG H.
		STEVENSON JR. --- For
	1.5	ELECT DIRECTOR HANS PETTER
		AAS --- For
	2	PROPOSAL TO APPOINT MOORE		For	For		Mgmt
		STEPHENS PC AS AUDITORS ANDTO
		AUTHORIZE THE BOARD OF
		DIRECTORS TO DETERMINE
		THEIRREMUNERATION.
	3	PROPOSAL TO APPROVE THE		For	For		Mgmt
		REMUNERATION OF THE COMPANY
		S BOARD OF DIRECTORS FOR THE
		YEAR ENDING DECEMBER 31, 2008.
09/29/08 - S	Hilb Rogal & Hobbs Co		431294107			08/22/08		126
	1	Approve Merger Agreement		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 6

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Adjourn Meeting		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 7

Vote Summary Report
Oct 01, 2008 - Dec 31, 2008
TDAX Independence 2010 ETF Composite
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
- A	Alpha Natural Resources,	02076X102					200
	Inc. *ANR*
- A	Archer-Daniels-Midland	039483102					409
	Company *ADM*
- A	Bank of America Corp. *BAC*	060505104					2,184
- A	Barclays plc	G08036124					1,689
- A	BHP Billiton Limited	Q1498M100					755
	(Formerly BHP Ltd.) *BHP*
- A	BHP Billiton plc	G10877101					549
- A	BNP Paribas	F1058Q238					189
- A	Cisco Systems, Inc. *CSCO*	17275R102					3,412
- A	Commonwealth Bank Of	Q26915100					253
	Australia *CBA*
- A	Devry Inc. *DV*	251893103					235
- A	Diageo plc	G42089113					698
- A	Fifth Third Bancorp *FITB*	316773100					959
- A	Fortis SA/NV	B4399L102					1,308
- A	Fortis SA/NV	B4399L102					1,308
- A	Foundry Networks, Inc.	35063R100					452
Mgmt Rec - Company Management Recommended Vote							Page 1

Vote Summary Report
Oct 01, 2008 - Dec 31, 2008
TDAX Independence 2010 ETF Composite
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
- A	Foundry Networks, Inc.	35063R100					360
- A	Hovnanian Enterprises, Inc.	442487203					975
	*HOV*
- A	Jack Henry & Associates,	426281101					332
	Inc. *JKHY*
- A	Lloyds TSB Group plc	G5542W106					1,420
- A	Micros Systems, Inc. *MCRS*	594901100					274
- A	Microsoft Corp. *MSFT*	594918104					4,867
- A	MOSAIC CO *MOS*	61945A107					249
- A	Myriad Genetics, Inc. *MYGN*	62855J104					114
- A	National Australia Bank	Q65336119					371
	Limited *NAB*
- A	Perrigo Co. *PRGO*	714290103					259
- A	Tercica Inc	88078L105					796
- A	Texas Industries	882491103					111
	Incorporated *TXI*
- A	The Procter & Gamble	742718109					1,498
	Company *PG*
- A	The Royal Bank of Scotland	G76891111					2,437
	Group plc
Mgmt Rec - Company Management Recommended Vote							Page 2

Vote Summary Report
Oct 01, 2008 - Dec 31, 2008
TDAX Independence 2010 ETF Composite
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
- A	UniCredit SpA (formerly	T95132105					2,408
	Unicredito Italiano SpA)
- A	Unilever N.V.	N8981F271					463
- A	Unilever plc	G92087165					291
- A	Vail Resorts, Inc. *MTN*	91879Q109					166
- A	Westpac Banking	Q97417101					417
	Corporation *WBC*
Mgmt Rec - Company Management Recommended Vote							Page 3

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
01/07/09 - A	MOOG Inc. *MOG.A*		615394202			11/26/08		116
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/08/09 - A	Acuity Brands, Inc. *AYI*		00508Y102			11/17/08		133
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/12/09 - A	Aruba Networks Inc *ARUN*		043176106			11/13/08		1,220
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/16/09 - S	Time Warner Inc *TWX*		887317105			11/20/08		1,516
	1	Approve Reverse Stock Split		For	For		Mgmt
01/21/09 - A	Johnson Controls, Inc. *JCI*		478366107			11/20/08		267
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Adopt Policy to Obtain Shareholder		Against	Against		ShrHoldr
		Approval of Survivor Benefits
01/22/09 - A	Woodward Governor		980745103			11/24/08		165
	Company *WGOV*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/25/09 - S	Banco Santander S.A.		E19790109			None		1,321
	1	Approve EUR 88.7 Million Capital		For	For		Mgmt
		Increase via Issuance of 177.4 Million
		New Common Shares with EUR 0.5 Par
		Value Each and a Share Issuance
		Premium to be Determined by the
		Board, in Accordance with Article
		159.1c of Spanish Companies Law
	2	Approve Delivery of 100 Banco		For	For		Mgmt
		Santander Shares to Each Employee of
		the Abbey National plc.subgroup as
		Special Bonus at the Completion of the
		Acquisition of the Retail Deposits and
		Branch and Distribution Networks of the
		Bradford & Bingley plc. Group
	3	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
Mgmt Rec - Company Management Recommended Vote								Page 1

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
01/27/09 - A	Dawson Geophysical		239359102			11/28/08		119
	Company *DWSN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/27/09 - C	Foster Wheeler AG *FWLT*		G36535139			12/15/08		344
		Duplicate meeting for ballots
		received via Broadridge North
		American Ballot distribution system.
	1	APPROVAL OF THE SCHEME OF		For	For		Mgmt
		ARRANGEMENT (THE
		REDOMESTICATION).
	2	APPROVAL OF THE MOTION TO		For	For		Mgmt
		ADJOURN THE MEETING TO A
		LATER DATE TO SOLICIT
		ADDITIONAL PROXIES IF THERE ARE
		INSUFFICIENT VOTES AT THE TIME
		OF THE MEETING TO APPROVE THE
		SCHEME OF ARRANGEMENT.
01/27/09 - A	Siemens AG		D69671218			None		149
	1	Receive Supervisory Board Report,		None	None		Mgmt
		Corporate Governance Report,
		Remuneration Report, and Compliance
		Report for Fiscal 2007/2008 (Non-
		Voting)
	2	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2007/2008
		(Non-Voting)
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.60 per Share
	4.1	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Rudi
		Lamprecht for Fiscal 2007/2008
	4.2	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Juergen
		Radomski for Fiscal 2007/2008
	4.3	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Uriel
		Sharef for Fiscal 2007/2008
	4.4	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Klaus
		Wucherer for Fiscal 2007/2008
	4.5	Approve Discharge of Management		For	For		Mgmt
		Board Member Peter Loescher for
		Fiscal 2007/2008
	4.6	Approve Discharge of Management		For	For		Mgmt
		Board Member Wolfgang Dehen for
		Fiscal 2007/2008
Mgmt Rec - Company Management Recommended Vote								Page 2

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4.7	Approve Discharge of Management		For	For		Mgmt
		Board Member Heinrich Hiesinger for
		Fiscal 2007/2008
	4.8	Approve Discharge of Management		For	For		Mgmt
		Board Member Joe Kaeser for Fiscal
		2007/2008
	4.9	Approve Discharge of Former		For	For		Mgmt
		Management Board Member Eduardo
		Montes for Fiscal 2007/2008
	4.10	Approve Discharge of Former		For	For		Mgmt
		Management Board Member Jim Reid-
		Anderson for Fiscal 2007/2008
	4.11	Approve Discharge of Former		For	For		Mgmt
		Management Board Member Erich R.
		Reinhardt for Fiscal 2007/2008
	4.12	Approve Discharge of Management		For	For		Mgmt
		Board Member Hermann Requardt for
		Fiscal 2007/2008
	4.13	Approve Discharge of Management		For	For		Mgmt
		Board Member Siegfried Russwurm for
		Fiscal 2007/2008
	4.14	Approve Discharge of Management		For	For		Mgmt
		Board Member Peter Y. Solmssen for
		Fiscal 2007/2008
	5.1	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Gerhard Cromme for
		Fiscal 2007/2008
	5.2	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Ralf Heckmann for
		Fiscal 2007/2008
	5.3	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Josef Ackermann for
		Fiscal 2007/2008
	5.4	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Lothar Adler for Fiscal
		2007/2008
	5.5	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Jean-Louis Beffa for
		Fiscal 2007/2008
	5.6	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Gerhard
		Bieletzki for Fiscal 2007/2008
	5.7	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Gerd von Brandenstein
		for Fiscal 2007/2008
	5.8	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member John David
		Coombe for Fiscal 2007/2008
	5.9	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Hildegard
		Cornudet for Fiscal 2007/2008
	5.10	Approve Discharge of Supervisory		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 3

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board Member Michael Diekmann for
		Fiscal 2007/2008
	5.11	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Hans Michael Gaul for
		Fiscal 2007/2008
	5.12	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Birgit Grube
		for Fiscal 2007/2008
	5.13	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Peter Gruss for Fiscal
		2007/2008
	5.14	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Bettina Haller for Fiscal
		2007/2008
	5.15	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Heinz Hawreliuk for
		Fiscal 2007/2008
	5.16	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Berthold Huber for
		Fiscal 2007/2008
	5.17	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Harald Kern for Fiscal
		2007/2008
	5.18	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Walter
		Kroell for Fiscal 2007/2008
	5.19	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Nicola Leibinger-
		Kammueller for Fiscal 2007/2008
	5.20	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Michael
		Mirow for Fiscal 2007/2008
	5.21	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Werner Moenius for
		Fiscal 2007/2008
	5.22	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Roland
		Motzigemba for Fiscal 2007/2008
	5.23	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Thomas
		Rackow for Fiscal 2007/2008
	5.24	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Hakan Samuelsson for
		Fiscal 2007/2008
	5.25	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Dieter Scheitor for Fiscal
		2007/2008
	5.26	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Albrecht
		Schmidt for Fiscal 2007/2008
	5.27	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Henning Schulte-Noelle
Mgmt Rec - Company Management Recommended Vote								Page 4

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		for Fiscal 2007/2008
	5.28	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Rainer Sieg for Fiscal
		2007/2008
	5.29	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Peter von
		Siemens for Fiscal 2007/2008
	5.30	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Jerry I.
		Speyer for Fiscal 2007/2008
	5.31	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Birgit Steinborn for
		Fiscal 2007/2008
	5.32	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Iain Vallance of Tummel
		for Fiscal 2007/2008
	6	Ratify Ernst & Young AG as Auditors for		For	For		Mgmt
		Fiscal 2008/2009
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Authorize Use of Financial Derivatives		For	For		Mgmt
		of up to 5 Percent of Issued Share
		Capital When Repurchasing Shares
	9	Approve Creation of EUR 520.8 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	10	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 15
		Billion; Approve Creation of EUR 600
		Million Pool of Capital to Guarantee
		Conversion Rights
	11	Approve Remuneration of Supervisory		For	For		Mgmt
		Board
	12	Amend Articles Re: Decision Making of		For	For		Mgmt
		General Meeting
01/29/09 - S	Blyth, Inc. *BTH*		09643P108			12/03/08		417
	1	Approve Reverse Stock Split		For	For		Mgmt
	2	Reduce Authorized Common Stock		For	For		Mgmt
01/30/09 - A	Nuance Communications,		67020Y100			12/02/08		516
	Inc. *NUAN*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 5

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
02/03/09 - A	Emerson Electric Co. *EMR*		291011104			11/25/08		309
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
02/05/09 - A	Beacon Roofing Supply, Inc.		073685109			12/10/08		539
	*BECN*
	1	Elect Directors		For	For		Mgmt
02/11/09 - S	Fortis SA/NV		B4399L102			None		654
		Special Meeting Agenda
	1	Open Meeting (Non-Voting)		None	None		Mgmt
		Proposals Made by Committee of
		Experts Appointed By Court of
		Appeal of Brussels
	2.1	Receive Special Board Report (Non-		None	None		Mgmt
		Voting)
	2.2	Receive Interim Report of Committee of		None	None		Mgmt
		Experts (Non-Voting)
	2.3	Receive Board Comments on Interim		None	None		Mgmt
		Report of Committee of Experts (Non-
		Voting)
	2.4	Proposal to Vote on Item 2.5 (Voting)		None	For		Mgmt
	2.5	Approve Sale of 100 Percent of the		None	For		Mgmt
		Shares of Fortis Bank Nederland N.V.,
		Fortis Verzekeringen Nederland N.V.
		and Fortis Corporate Insurance N.V. to
		the Dutch State on Oct. 3, 2008 (Voting)
	2.6	Proposal to Vote on Item 2.7 (Voting)		None	For		Mgmt
	2.7	Approve Sale of 50 Percent Plus One		None	For		Mgmt
		Share of Fortis Bank SA/NV to the
		Federal Participation and Investment
		Corporation on Oct. 10, 2008, and the
		Transactions To Be Entered into with
		the Federal Participation and
		Investment Corporation (Voting)
	2.8	Proposal to Vote on Item 2.8 (Voting)		None	For		Mgmt
	2.9	Approve Sale of 100 Percent of the		None	For		Mgmt
		Shares of Fortis Insurance Belgium
		SA/NV to BNP Paribas on Oct. 10,
		2008, and the Transactions To Be
		Entered into with BNP Paribas and the
		Federal Participation and Investment
		Corporation (Voting)
02/11/09 - S	Fortis SA/NV		B4399L102			None		654
		Special Meeting Agenda
		Management Nominees Up for Board
		Election
Mgmt Rec - Company Management Recommended Vote								Page 6

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Elect Directors		For	For		Mgmt
		Shareholder Nominees Up for Board
		Election
	3.3	Elect Philippe Casier as Director		None	For		ShrHoldr
		(Voting)
	3.4	Elect Jozef De Mey as Director (Voting)		None	For		ShrHoldr
	3.5	Elect Andrew Doman as Director		None	For		ShrHoldr
		(Voting)
	3.6	Elect Georges Ugeux as Director		None	For		ShrHoldr
		(Voting)
	3.7	Elect Dirk van Daele as Director		None	Against		ShrHoldr
		(Voting)
	3.8	Elect Jan Zegering Hadders as Director		None	For		ShrHoldr
		(Voting)
	4	Close Meeting (Non-Voting)		None	None		Mgmt
02/13/09 - S	Quest Software, Inc. *QSFT*		74834T103			12/31/08		298
	1	Change State of Incorporation from		For	For		Mgmt
		California to Delaware
	2	Adjourn Meeting		For	For		Mgmt
02/19/09 - A	Microsemi Corp. *MSCC*		595137100			01/02/09		211
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director James J. Peterson --- For
	1.2	Elect Director Dennis R. Leibel ---
		Withhold
	1.3	Elect Director Thomas R. Anderson ---
		For
	1.4	Elect Director William E. Bendush ---
		For
	1.5	Elect Director William L. Healey ---
		Withhold
	1.6	Elect Director Paul F. Folino --- Withhold
	1.7	Elect Director Matthew E. Massengill ---
		Withhold
	2	Ratify Auditors		For	For		Mgmt
02/19/09 - A	Ruddick Corporation *RDK*		781258108			12/12/08		142
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
02/25/09 - A	Apple Inc. *AAPL*		037833100			12/29/08		354
	1	Elect Directors		For	For		Mgmt
	2	Report on Political Contributions		Against	Against		ShrHoldr
	3	Adopt Principles for Health Care Reform		Against	Against		ShrHoldr
	4	Prepare Sustainability Report		Against	Against		ShrHoldr
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 7

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Executive Officers' Compensation
03/02/09 - S	Xstrata plc		G9826T102			None		144
	1	Approve Acquisition by Xstrata Group of		For	For		Mgmt
		the Prodeco Business, the Granting by
		Xstrata (Schweiz) AG of the Call Option
		to Glencore and the Disposal by Xstrata
		Group of the Prodeco Business to
		Glencore (If and When the Call Option
		is Exercised)
	2	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from USD
		750,000,000.50 and GBP 50,000 to
		USD 2,250,000,000.50 and GBP 50,000
	3	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 991,254,176 (Rights Issue);
		Otherwise up to USD 493,363,149
	4	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 74,004,472
03/04/09 - A	Hologic, Inc. *HOLX*		436440101			01/16/09		459
	1	Elect Directors		For	For		Mgmt
	2	Approve Repricing of Options		For	For		Mgmt
	3	Adjourn Meeting		For	Against		Mgmt
03/04/09 - A	Parametric Technology Corp.		699173209			01/05/09		293
	*PMTC*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
03/05/09 - A	AECOM Technology		00766T100			01/05/09		260
	Corporation *ACM*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
03/10/09 - A	The Walt Disney Company		254687106			01/09/09		702
	*DIS*
	1	Elect Director Susan E. Arnold		For	For		Mgmt
	2	Elect Director John E. Bryson		For	For		Mgmt
	3	Elect Director John S. Chen		For	For		Mgmt
	4	Elect Director Judith L. Estrin		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 8

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Elect Director Robert A. Iger		For	For		Mgmt
	6	Elect Director Steven P. Jobs		For	For		Mgmt
	7	Elect Director Fred H. Langhammer		For	For		Mgmt
	8	Elect Director Aylwin B. Lewis		For	For		Mgmt
	9	Elect Director Monica C. Lozano		For	For		Mgmt
	10	Elect Director Robert W. Matschullat		For	For		Mgmt
	11	Elect Director John E. Pepper , Jr.		For	For		Mgmt
	12	Elect Director Orin C. Smith		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Amend Omnibus Stock Plan		For	Against		Mgmt
	15	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	16	Report on Political Contributions		Against	Against		ShrHoldr
	17	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
	18	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
03/11/09 - A	Franklin Resources, Inc.		354613101			01/12/09		94
	*BEN*
	1	Elect Director Samuel H. Armacost		For	For		Mgmt
	2	Elect Director Charles Crocker		For	For		Mgmt
	3	Elect Director Joseph R. Hardiman		For	For		Mgmt
	4	Elect Director Robert D. Joffe		For	For		Mgmt
	5	Elect Director Charles B. Johnson		For	For		Mgmt
	6	Elect Director Gregory E. Johnson		For	For		Mgmt
	7	Elect Director Rupert H. Johnson, Jr.		For	For		Mgmt
	8	Elect Director Thomas H. Kean		For	For		Mgmt
	9	Elect Director Chutta Ratnathicam		For	For		Mgmt
	10	Elect Director Peter M. Sacerdote		For	For		Mgmt
	11	Elect Director Laura Stein		For	For		Mgmt
	12	Elect Director Anne M. Tatlock		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Amend Executive Incentive Bonus Plan		For	For		Mgmt
03/12/09 - A	Banco Bilbao Vizcaya		E11805103			None		811
	Argentaria, S.A.
	1	Approve Individual and Consolidated		For	For		Mgmt
		Financial Statements and Statutory
		Reports; Approve Allocation of Income
		and Distribution of Dividends for Fiscal
		Year Ended Dec. 31, 2007; Approve
		Discharge of Directors
	2.1	Add New Article 53 bis to the		For	For		Mgmt
		Company's Bylaws Regarding
		Distribution of Stock Dividend Charged
		to Share Issuance Premium Reserve
	2.2	Approve Stock Dividend from Treasury		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 9

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Shares for Distribution to Shareholders
		Charged to Share Issuance Premium
		Reserve
	3	Approve Merger by Absorption of Banco		For	For		Mgmt
		de Credito Local de Espana, S.A.U. and
		BBVA Factoring E.F.C., S.A.U. by
		Company; Approve Merger Balance
		Sheet as of Dec. 31, 2008
	4	Elect Directors		For	For		Mgmt
	5	Approve Increase in Capital in		For	For		Mgmt
		Accordance with Article 153.1.b of
		Spanish Company Law Up to 50
		Percent of Capital and with the Powers
		to Exclude Preemptive Rights
	6	Authorize Increase in Capital via		For	For		Mgmt
		Issuance of Fixed Debt Securities Non-
		Convertible up to the Amount of EUR 50
		Billion
	7	Authorize Share Repurchase and		For	For		Mgmt
		Subsequent Capital Reduction via
		Amortization of Shares
	8.1	Liquidation of Long-Term Compensation		For	For		Mgmt
		Plan for Years 2006-2008
	8.2	Approve Variable Remuneration for		For	For		Mgmt
		Fiscal Years 2009-2010 Consisting of
		the Delivery of Company's Shares for
		Executive Officers, Including Executive
		Members of the Board and Members of
		the Executive Committee
	9	Re-elect Auditors for Fiscal Year 2009		For	For		Mgmt
	10	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
03/16/09 - S	ASSURED GUARANTY LTD		G0585R106			02/06/09		246
	*AGO*
	1	Approve Issuance of Shares to Dexia		For	For		Mgmt
		Holdings, Inc. in Connection with the
		Acquisition of Financial Security
		Assurance Holdings Ltd.
	2	Approve Issuance of Shares to WLR		For	For		Mgmt
		Recovery Fund IV, L.P. in Connection
		with the Financing of the Acquisition of
		Financial Security Assurance Holdings
		Ltd.
03/18/09 - A	Hewlett-Packard Company		428236103			01/20/09		897
	*HPQ*
	1	Elect Director Lawrence T. Babbio, Jr.		For	For		Mgmt
	2	Elect Director Sari M. Baldauf		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 10

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Elect Director Rajiv L. Gupta		For	For		Mgmt
	4	Elect Director John H. Hammergren		For	For		Mgmt
	5	Elect Director Mark V. Hurd		For	For		Mgmt
	6	Elect Director Joel Z. Hyatt		For	For		Mgmt
	7	Elect Director John R. Joyce		For	For		Mgmt
	8	Elect Director Robert L. Ryan		For	For		Mgmt
	9	Elect Director Lucille S. Salhany		For	For		Mgmt
	10	Elect Director G. Kennedy Thompson		For	For		Mgmt
	11	Ratify Auditors		For	For		Mgmt
03/19/09 - A	Hovnanian Enterprises, Inc.		442487203			01/22/09		777
	*HOV*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
03/19/09 - S	HSBC Holdings plc		G4634U169			None		2,295
	1	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from USD
		7,500,100,000, GBP 401,500 and EUR
		100,000 to USD 10,500,100,000, GBP
		401,500 and EUR 100,000
	2	Subject to the Passing of Resolution 1,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 2,530,200,000 (Rights Issue)
	3	Subject to the Passing of Resolution 2,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 2,530,200,000 (Rights Issue)
03/19/09 - A	Iberdrola S.A.		E6165F166			None		701
	1	Accept Individual and Consolidated		For	For		Mgmt
		Financial Statements and Statutory
		Reports for Fiscal Year 2008
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Receive Management's Report on		For	For		Mgmt
		Company and Consolidated Group
	4	Approve Discharge of Directors		For	For		Mgmt
	5	Re-Appoint Auditors for Company and		For	For		Mgmt
		Consolidated Group for Fiscal Year
		2009
	6	Ratify Appointment of Mrs. Samantha		For	For		Mgmt
		Barber as Independent Director
	7	Authorize Repurchase of Shares in the		For	For		Mgmt
		Amount of up to 5 Percent of Share
Mgmt Rec - Company Management Recommended Vote								Page 11

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Capital; Void Authorization Granted at
		the AGM held on April 17, 2008
	8	Authorize the Board to Issue		For	For		Mgmt
		Bonds/Debentures/Other Debt
		Securities up to Aggregate Nominal
		Amount of EUR 20 Billion and
		Promissory Notes up to an Amount of
		EUR 6 Billion; Void Authorization
		Granted at the AGM held on April 17,
		2008
	9	Authorize Issuance of		For	For		Mgmt
		Bonds/Debentures/Warrants With Pre-
		Emptive Rights up to Aggregate
		Nominal Amount of EUR 5 billion
	10	Approve the Listing and Delisting of		For	For		Mgmt
		Shares, Debt Securities, Bonds,
		Promissory Notes, and Preferred Stock,
		in Spain and Foreign Secondary
		Markets; Void Authorization Granted at
		the AGM held on April 17, 2008
	11	Authorize Board to Approve the		For	For		Mgmt
		Creation of Foundation; Void
		Authorization Granted at the AGM held
		on April 17, 2008
	12.1	Amend Articles 23, 28, 34, 36, 37, 38,		For	For		Mgmt
		45, 46, 47, and 49 of Company Bylaws
	12.2	Amend Articles 57 and 58 of Company		For	For		Mgmt
		Bylaws
	13	Amend and Approve New Text of		For	For		Mgmt
		General Meeting Guidelines
	14	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
03/23/09 - A	Clarcor, Inc. *CLC*		179895107			02/06/09		97
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
03/26/09 - A	Vestas Wind System AS		K9773J128			None		40
	1	Receive Report of Board		None	None		Mgmt
	2	Receive and Approve Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Omission of Dividends
	4a	Reelect Bent Carlsen as Director		For	For		Mgmt
	4b	Reelect Torsten Rasmussen as Director		For	For		Mgmt
	4c	Reelect Freddy Frandsen as Director		For	For		Mgmt
	4d	Reelect Joergen Rasmussen as		For	For		Mgmt
		Director
	4e	Reelect Joern Ankaer Thomsen as		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 12

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Director
	4f	Reelect Kurt Anker Nielsen as Director		For	For		Mgmt
	4g	Elect Haakan Eriksson as New Director		For	For		Mgmt
	4h	Elect Ola Rollen as New Director		For	For		Mgmt
	5a	Ratify PricewaterhouseCoopers as		For	For		Mgmt
		Auditor
	5b	Ratify KPMG as Auditor		For	For		Mgmt
	6.1	Approve Guidelines for Incentive-Based		For	For		Mgmt
		Compensation for Executive
		Management
	6.2	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Other Business (Non-Voting)		None	None		Mgmt
03/27/09 - S	BNP Paribas		F1058Q238			03/24/09		154
		Special Business
	1	Authorize New Class of Preferred Stock		For	For		Mgmt
		(Class B) and Amend Bylaws
		Accordingly, Subject to Approval of Item
		2
	2	Authorize Issuance of Preferred Stock		For	For		Mgmt
		(Class B) in Favor of Societe de Prise
		de Participation de l'Etat (SPPE) for up
		to Aggregate Nominal Amount of EUR
		608,064,070, Subject to Approval of
		Item 1
	3	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	4	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 1 Billion for Bonus Issue or
		Increase in Par Value, Subject to
		Approval of Items 1 and 2
	5	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
03/27/09 - A	Canon Inc. *7751*		J05124144			12/31/08		241
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JY 55
	2	Amend Articles to Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
	4	Approve Retirement Bonus for Director		For	For		Mgmt
	5	Approve Payment of Annual Bonuses to		For	For		Mgmt
		Directors
	6	Approve Stock Option Plan		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 13

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
03/27/09 - A	Royal Philips Electronics		N6817P109			03/05/09		222
	N.V.
		Annual Meeting
	1	President's Speech		None	None		Mgmt
	2a	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2b	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	2c	Approve Dividends of EUR 0.70 Per		For	For		Mgmt
		Share
	2d	Approve Discharge of Management		For	For		Mgmt
		Board
	2e	Approve Discharge of Supervisory		For	For		Mgmt
		Board
	3	Reelect P-J. Sivignon to Management		For	For		Mgmt
		Board
	4a	Elect J.J. Schiro to Supervisory Board		For	For		Mgmt
	4b	Elect J. van der Veer to Supervisory		For	For		Mgmt
		Board
	4c	Elect C.A. Poon to Supervisory Board		For	For		Mgmt
	5	Amend Long-Term Incentive Plan		For	For		Mgmt
	6a	Grant Board Authority to Issue Shares		For	For		Mgmt
		Up To 10 Percent of Issued Capital Plus
		Additional 10 Percent in Case of
		Takeover/Merger
	6b	Authorize Board to Exclude Preemptive		For	For		Mgmt
		Rights from Issuance under Item 6a
	7	Authorize Repurchase of Shares		For	For		Mgmt
	8	Other Business (Non-Voting)		None	None		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 14

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/12/09 - A	3M CO *MMM*		88579Y101			03/13/09		257
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Bylaws-- Call Special Meetings		Against	Against		ShrHoldr
		Currently, shareholders have 25% right to call special
		meeting.
	4	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		that stock ownerhip guidelines already in place are
		not appropriate or that proposal will result in
		improved shareholder returns.
04/24/09 - A	Abbott Laboratories *ABT*		002824100			02/25/09		518
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
	3	Approve Nonqualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
	5	Report on Animal Testing		Against	Against		ShrHoldr
		Mgmt responded meaningfully; company has already
		achieved overal goals of proposal, does not appear
		to be non-compliance with current law; no evidence
		that proposal would improve shareholder returns.
	6	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Mgmt responded meaningfully; no evidence that
		company is not in compliance with current law or that
		proposal would improve shareholder returns; issues
		more appropriately addressed at federal and state
		government levels.
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Same language as previously supported by PPC.
06/18/09 - A	Aeropostale, Inc *ARO*		007865108			04/23/09		112
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/04/09 - A	AFLAC Incorporated *AFL*		001055102			02/24/09		156
	1	Elect Directors		For	For		Mgmt
	2	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	3	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 1

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/14/09 - A	Alexanders, Inc *ALX*		014752109			03/13/09		11
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	Alexandria Real Estate		015271109			03/31/09		66
	Equities, Inc. *ARE*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Joel S. Marcus --- For
	1.2	Elect Director Richard B. Jennings ---
		Withhold
		Comp committee member during period of poor pau
		practices; CEO pay significantly above
		peers/company performance below peers; CEO tax
		gross-ups on restricted stock awards (up to $1 mil).
	1.3	Elect Director John L. Atkins, III --- For
	1.4	Elect Director Richard H. Klein ---
		Withhold
		Comp committee member during period of poor pau
		practices; CEO pay significantly above
		peers/company performance below peers; CEO tax
		gross-ups on restricted stock awards (up to $1 mil).
	1.5	Elect Director James H. Richardson ---
		For
	1.6	Elect Director Martin A. Simonetti ---
		For
	1.7	Elect Director Alan G. Walton ---
		Withhold
		Comp committee member during period of poor pau
		practices; CEO pay significantly above
		peers/company performance below peers; CEO tax
		gross-ups on restricted stock awards (up to $1 mil).
	2	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Alexion Pharmaceuticals,		015351109			03/24/09		142
	Inc. *ALXN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/27/09 - A	Alliance Healthcare Service,		018606202			04/16/09		604
	Inc. *AIQ*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 14.77% exceeds allowable cap of
Mgmt Rec - Company Management Recommended Vote								Page 2

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		13.91%.
	3	Ratify Auditors		For	For		Mgmt
04/29/09 - A	Allianz SE (formerly Allianz		D03080112			None		80
	AG)
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 3.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Elect Karl Grimm to the Supervisory		For	For		Mgmt
		Board
	6	Authorize Repurchase of up to 5		For	For		Mgmt
		Percent of Issued Share Capital for
		Trading Purposes
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Authorize Use of Financial Derivatives		For	For		Mgmt
		of up to 5 Percent of Issued Share
		Capital When Repurchasing Shares
	9	Amend Articles Re: Entry of Nominees		For	For		Mgmt
		in the Shareholders' Register
	10	Amend Articles Re: First Supervisory		For	For		Mgmt
		Board of Allianz SE, Electronic
		Participation in the Annual Meeting,
		and Audio and Video Transmission of
		Annual Meeting due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
	11	Approve Affiliation Agreement with		For	For		Mgmt
		Subsidiary Allianz Shared Infrastructure
		Services SE
05/20/09 - A	Alpha Natural Resources,		02076X102			03/23/09		159
	Inc. *ANR*
	1	Elect Directors		For	For		Mgmt
	2	Increase Authorized Common Stock		For	For		Mgmt
		Passes Mellon calculations.
	3	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 3

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/23/09 -	Alstom		F0259M475			06/18/09		45
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.12 per Share
	4	Approve Special Auditors' Report		For	For		Mgmt
		Regarding Ongoing Related-Party
		Transaction
	5	Approve Transaction with Patrick Kron		For	For		Mgmt
	6	Ratify PricewaterhouseCoopers Audit		For	For		Mgmt
		as Auditor
	7	Ratify Mazars as Auditor		For	For		Mgmt
	8	Ratify Yves Nicolas as Alternate		For	For		Mgmt
		Auditor
	9	Ratify Patrick de Cambourg as		For	For		Mgmt
		Alternate Auditor
	10	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	11	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	12	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/06/09 - A	Altra Holdings Inc. *AIMC*		02208R106			03/23/09		364
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Edmund M. Carpenter ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.2	Elect Director Carl R. Christenson ---
		For
	1.3	Elect Director Lyle G. Ganske --- For
	1.4	Elect Director Michael L. Hurt --- For
	1.5	Elect Director Michael S. Lipscomb ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director Larry McPherson ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.7	Elect Director James H. Woodward Jr. -
		-- For
Mgmt Rec - Company Management Recommended Vote								Page 4

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Ratify Auditors		For	For		Mgmt
04/30/09 - A	American Axle and		024061103			03/03/09		770
	Manufacturing Holdings, Inc.
	*AXL*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Salvatore J. Bonanno,
		Sr. --- For
		New board member.
	1.2	Elect Director David C. Dauch --- For
		New board member.
	1.3	Elect Director Forest J. Farmer ---
		Withhold
		Poor pay practices; pay/performance disconnect;
		multiple entrencement devices.
	1.4	Elect Director Richard C. Lappin ---
		Withhold
		Poor pay practices; pay/performance disconnect;
		multiple entrencement devices.
	1.5	Elect Director Thomas K. Walker ---
		Withhold
		Poor pay practices; pay/performance disconnect;
		multiple entrencement devices.
	2	Ratify Auditors		For	For		Mgmt
06/04/09 - A	American Equity Investment		025676206			04/09/09		564
	Life Holding *AEL*
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 8.02% is within allowable cap of
		9.15%.
	3	Ratify Auditors		For	For		Mgmt
04/27/09 - A	American Express Co. *AXP*		025816109			02/27/09		397
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director D.F. Akerson --- For
	1.2	Elect Director C. Barshefsky --- For
	1.3	Elect Director U.M. Burns --- For
	1.4	Elect Director K.I. Chenault --- For
	1.5	Elect Director P. Chernin --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
Mgmt Rec - Company Management Recommended Vote								Page 5

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.6	Elect Director J. Leschly --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.7	Elect Director R.C. Levin --- For
	1.8	Elect Director R.A. Mcginn --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.9	Elect Director E.D. Miller --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.10	Elect Director S.S Reinemund --- For
	1.11	Elect Director R.D. Walter --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.12	Elect Director R.A. Williams --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Pay/performance disconnect and poor pay practices.
	4	Provide for Cumulative Voting		Against	Against		ShrHoldr
	5	Amend Bylaws-- Call Special Meetings		Against	For		ShrHoldr
		Currently no right to call special meeting or act by
		written consent.
06/30/09 - A	American International		026874107			05/22/09		1,245
	Group, Inc. *AIG*
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Dennis D. Dammerman -
		-- For
	1.2	Elect Director Harvey Golub --- For
	1.3	Elect Director Laurette T. Koellner ---
		For
	1.4	Elect Director Edward M. Liddy --- For
	1.5	Elect Director Christopher S. Lynch ---
		For
	1.6	Elect Director Arthur C. Martinez --- For
		Sits on 7 boards but will reducs to 4 within 12
		months.
	1.7	Elect Director George L. Miles, Jr. ---
		For
	1.8	Elect Director Robert S. Miller --- For
	1.9	Elect Director Suzanne Nora Johnson -
		-- For
	1.10	Elect Director Morris W. Offit --- For
Mgmt Rec - Company Management Recommended Vote								Page 6

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.11	Elect Director Douglas M. Steenland ---
		For
	2	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices at the moment;
		remediation of prior poor practices appears to be in
		place but will require ongoing monitoring.
	3	Increase Authorized Common Stock		For	For		Mgmt
	4	Approve Reverse Stock Split		For	For		Mgmt
	5	Increase Authorized Preferred Stock		For	Against		Mgmt
	6	Amend Certificate of Incorporation		For	For		Mgmt
		No negative impact to common shareholder if
		approved; of not approved required to be presented
		to shareholders every 12 months.
	7	Amend Certificate of Incorporation to		For	For		Mgmt
		Eliminate Restrictions on Pledge of
		Assets
		Needed to comply with NY Fed agreement.
	8	Ratify Auditors		For	For		Mgmt
	9	Stock Retention/Holding Period		Against	For		ShrHoldr
		Though TARP rules govern executive comp now,
		company did not indicate what its stock retention
		policy would be post-TARP.
	10	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		25% threshold is already in place as well as right to
		act by written consent.
	11	Reincorporate in Another State [from		Against	Against		ShrHoldr
		Delaware to North Dakota]
05/06/09 - A	Amgen, Inc. *AMGN*		031162100			03/09/09		347
	1	Elect Director David Baltimore		For	For		Mgmt
	2	Elect Director Frank J. Biondi, Jr.		For	For		Mgmt
	3	Elect Director Francois de Carbonnel		For	For		Mgmt
	4	Elect Director Jerry D. Choate		For	For		Mgmt
	5	Elect Director Vance D. Coffman		For	For		Mgmt
	6	Elect Director Frederick W. Gluck		For	For		Mgmt
	7	Elect Director Frank C. Herringer		For	For		Mgmt
	8	Elect Director Gilbert S. Omenn		For	For		Mgmt
	9	Elect Director Judith C. Pelham		For	For		Mgmt
	10	Elect Director J. Paul Reason		For	For		Mgmt
	11	Elect Director Leonard D. Schaeffer		For	For		Mgmt
	12	Elect Director Kevin W. Sharer		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Approve Omnibus Stock Plan		For	Against		Mgmt
	15	Reduce Supermajority Vote		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 7

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Requirement
	16	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
		Share holds do not currently have right to written
		consect or special meeting.
	17	Reincorporate in Another State [from		Against	Against		ShrHoldr
		Delaware to North Dakota ]
		No evidence that cost of move will be offset by
		improved shareholder returns or rights that cannot or
		have not been achieved in current state.
05/04/09 - A	Amkor Technology, Inc.		031652100			03/20/09		534
	*AMKR*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director James J. Kim --- For
	1.2	Elect Director Roger A. Carolin ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect.
	1.3	Elect Director Winston J. Churchill ---
		For
	1.4	Elect Director John T. Kim --- For
	1.5	Elect Director Stephen G. Newberry ---
		For
	1.6	Elect Director John F. Osborne ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect.
	1.7	Elect Director James W. Zug --- For
	2	Ratify Auditors		For	For		Mgmt
04/15/09 - A	Anglo American plc		G03764134			None		276
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Re-elect David Challen as Director		For	For		Mgmt
	3	Re-elect Dr Chris Fay as Director		For	For		Mgmt
	4	Re-elect Sir Rob Margetts as Director		For	For		Mgmt
	5	Re-elect Sir Mark Moody-Stuart as		For	For		Mgmt
		Director
	6	Re-elect Fred Phaswana as Director		For	For		Mgmt
	7	Re-elect Mamphela Ramphele as		For	For		Mgmt
		Director
	8	Re-elect Peter Woicke as Director		For	For		Mgmt
	9	Reappoint Deloitte LLP as Auditors of		For	For		Mgmt
		the Company
	10	Authorise Board to Fix Remuneration of		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 8

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Auditors
	11	Approve Remuneration Report		For	For		Mgmt
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 72,300,000
	13	Subject to the Passing of Resolution		For	For		Mgmt
		12, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 36,100,000
	14	Authorise 197,300,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
05/12/09 - A	Anixter International Inc.		035290105			03/20/09		72
	*AXE*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/14/09 - A	Ansys, Inc. *ANSS*		03662Q105			03/18/09		158
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/06/09 - A	AptarGroup, Inc. *ATR*		038336103			03/12/09		168
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/12/09 -	ArcelorMittal		L0302D129			None		454
A/S
		Annual Meeting
	1	Receive Consolidated Financial		None	None		Mgmt
		Statements and Directors' and Auditors'
		Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements
	3	Accept Financial Statements		For	For		Mgmt
	4	Acknowledge Allocation of Income and		For	For		Mgmt
		Dividends
	5	Approve Allocation of Income and		For	For		Mgmt
		Dividends of USD 0.75 per Share
	6	Approve Remuneration of Directors		For	For		Mgmt
	7	Approve Discharge of Directors		For	For		Mgmt
	8	Approve Retirement of Directors		For	For		Mgmt
	9	Reelect Narayanan Vaghul as Director		For	Against		Mgmt
		Effective boards exercise independent judgment
		when carrying out their fiduciary responsibilities. By
		requiring a majority of the board to consist of
Mgmt Rec - Company Management Recommended Vote								Page 9

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		independent directors, the possibility of conflicts of
		interest is reduced and the quality of board oversight
		is increased. For this market, a vote against the
		election or reelection of any non-independent
		directors (excluding the CEO) is warranted if the
		proposed board does not consist of a majority of
		independent directors. At ArcelorMittal, only 23
		percent of the board is independent. As the election
		of the nominees will not increase the proportion of
		independent directors among the board, these
		proposals do not merit support.
	10	Reelect Wilbur L. Ross as Director		For	Against		Mgmt
	11	Reelect Francois Pinault as Director		For	Against		Mgmt
		Effective boards exercise independent judgment
		when carrying out their fiduciary responsibilities. By
		requiring a majority of independent directors, the
		possibility of conflicts of interest is reduced and the
		quality of board oversight is increased. For this
		market, RMG will recommend a vote for the election
		or reelection of any non-independent directors
		(excluding the CEO) if the proposed board consists
		of a majority of independent directors. At
		ArcelorMittal, 23 percent of the board is independent.
		As the election of the nominee who is considered to
		be a non-independent director for the reasons set
		forth above, will not increase the number of
		independent directors on the board, this proposal
		does not merit approval.
	12	Approve Share Repurchase Program		For	Against		Mgmt
		As the share repurchase program can be continued
		during a takeover period, opposition to this proposal
		is warranted.
	13	Ratify Deloitte SA as Auditors		For	For		Mgmt
	14	Approve Bonus Plan		For	For		Mgmt
	15	Approve Stock Option Plan		For	Against		Mgmt
		Because the potential dilution under all stock option
		plans and convertible bonds exceeds 5 percent, the
		company has failed to attach challenging
		performance criteria, and part of the allocated
		options vest before three years, a vote against this
		proposal is warranted.
	16	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
		Special Meeting
	17	Approve Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights and Amend Article 5.5
		Accordingly
Mgmt Rec - Company Management Recommended Vote								Page 10

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/17/09 - S	ArcelorMittal		L0302D129			None		227
		Special Meeting
	1	Approve Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights Within Limits of Authorized
		Capital and Amend Article 5.5
		Accordingly
04/29/09 - A	Aspen Insurance Holdings,		G05384105			03/02/09		186
	Ltd. *AHL*
	1	Elect Directors		For	For		Mgmt
	2	Appoint KPMG Audit Plc as Auditors		For	For		Mgmt
		and Authorize Board to Fix Their
		Remuneration
	3	Adopt the Amended and Restated Bye-		For	For		Mgmt
		laws
	4	Adopt the Amendments to the		For	For		Mgmt
		Memorandum of Association
	5.1	Elect Glyn Jones as Director of Aspen		For	For		Mgmt
		Insurance UK Limited
	5.2	Elect Christopher O'Kane as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.3	Elect Richard Bucknall as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.4	Elect Ian Cormack as Director of Aspen		For	For		Mgmt
		Insurance UK Limited
	5.5	Elect Richard Houghton as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.6	Elect Stephen Rose as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.7	Elect Oliver Peterken as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.8	Elect Heidi Hutter as Director of Aspen		For	For		Mgmt
		Insurance UK Limited
	6	Amend Aspen Insurance UK Limited's		For	For		Mgmt
		Articles of Association
	7.1	Elect Christopher O'Kane as Director of		For	For		Mgmt
		Aspen Insurance UK Services Limited
	7.2	Elect Richard Houghton as Director of		For	For		Mgmt
		Aspen Insurance UK Services Limited
	7.3	Elect Stephen Rose as Director of		For	For		Mgmt
		Aspen Insurance UK Services Limited
	8	Amend Aspen Insurance UK Services		For	For		Mgmt
		Limited's Articles of Association
	9.1	Elect Christopher O'Kane as Director of		For	For		Mgmt
		Aspen Insurance (UK) Holdings Limited
	9.2	Elect Richard Houghton as Director of		For	For		Mgmt
		Aspen Insurance (UK) Holdings Limited
	9.3	Elect Stephen Rose as Director of		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 11

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Aspen Insurance (UK) Holdings Limited
	10	Amend Aspen (UK) Holdings Limited's		For	For		Mgmt
		Articles of Association
	11.1	Elect Stephen Rose as Director of		For	For		Mgmt
		AIUK Trustees Limited
	11.2	Elect John Henderson as Director of		For	For		Mgmt
		AIUK Trustees Limited
	11.3	Elect Christopher Woodman as Director		For	For		Mgmt
		of AIUK Trustees Limited
	11.4	Elect Michael Cain as Director of AIUK		For	For		Mgmt
		Trustees Limited
	11.5	Elect Katharine Wade as Director of		For	For		Mgmt
		AIUK Trustees Limited
	12	Amend AIUK Trustees Limited's		For	For		Mgmt
		Articles of Association
	13.1	Elect Karen Green as Director of Aspen		For	For		Mgmt
		Underwriting Limited
	13.2	Elect Christopher O'Brien as Director of		For	For		Mgmt
		Aspen Underwriting Limited
	14	Amend Aspen Underwriting Limited's		For	For		Mgmt
		Articles of Association
	15.1	Elect Richard Bucknall as Director of		For	For		Mgmt
		Aspen Managing Agency Limited
	15.2	Elect John Hobbs as Director of Aspen		For	For		Mgmt
		Managing Agency Limited
	15.3	Elect James Ingham Clark as Director		For	For		Mgmt
		of Aspen Managing Agency Limited
	15.4	Elect Robert Long as Director of Aspen		For	For		Mgmt
		Managing Agency Limited
	15.5	Elect Christopher O'Brien as Director of		For	For		Mgmt
		Aspen Managing Agency Limited
	15.6	Elect Matthew Yeldham as Director of		For	For		Mgmt
		Aspen Managing Agency Limited
	15.7	Elect Karen Green as Director of Aspen		For	For		Mgmt
		Managing Agency Limited
	15.8	Elect Heidi Hutter as Director of Aspen		For	For		Mgmt
		Managing Agency Limited
	16	Amend Aspen Managing Agency		For	For		Mgmt
		Limited's Articles of Association
	17.1	Elect Christopher O'Kane as Director of		For	For		Mgmt
		Aspen Insurance Ltd. and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.2	Elect Julian Cusack as Director of		For	For		Mgmt
		Aspen Insurance Ltd. and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.3	Elect James Few as Director of Aspen		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 12

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Insurance Limited and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.4	Elect Oliver Peterken as Director of		For	For		Mgmt
		Aspen Insurance Limited and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.5	Elect David Skinner as Director of		For	For		Mgmt
		Aspen Insurance Ltd. and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.6	Elect Karen Green as Director of Aspen		For	For		Mgmt
		Insurance Limited and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.7	Elect Heather Kitson as Director of		For	For		Mgmt
		Aspen Insurance Limited and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	18	Appoint KPMG Audit Plc as Auditor of		For	For		Mgmt
		Aspen Insurance Limited and Authorize
		its Board to Fix Their Remuneration
	19	Amend Aspen Insurance Limited's Bye-		For	For		Mgmt
		Laws
	20	Amend Aspen Insurance Limited's		For	For		Mgmt
		Memorandum of Association
04/24/09 - A	Assicurazioni Generali Spa		T05040109			04/22/09		195
		Ordinary Business
	1	Accept Financial Statements,		For	For		Mgmt
		Consolidated Financial Statements,
		Statutory Reports and External
		Auditors' Reports; Allocation of Income
	2	Elect Director		For	Against		Mgmt
		The company has several corporate governance
		issues. First, it does not comply with the Italian
		corporate governance code in term of lead
		independent director. Second, several directors have
		an attendance rate that is below 45 (Muller has not
		attended a single board meeting since 2006). Finally,
Mgmt Rec - Company Management Recommended Vote								Page 13

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		the company failed to provide the name of the
		nominee to be elected as director. Therefore,
		given the lack of disclosure with respect to board
		nominee and the company's adherence to poor
		corporate governance practices in general, this
		resolution does not warrant approval.
	3	Fix Number of Members and Elect		For	For		Mgmt
		Consiglio Generale (Advisory Body)
05/07/09 - A	ASSURED GUARANTY LTD		G0585R106			03/17/09		246
	*AGO*
	1	Elect Directors		For	For		Mgmt
	2	Amend 2004 Long-Term Incentive Plan		For	For		Mgmt
	3	Amend Employee Stock Purchase Plan		For	For		Mgmt
	4	Ratify PricewaterhouseCoopers LLP as		For	For		Mgmt
		the Company's Independent Auditors
		Subsidiary Proposals
	5.1.1	Elect Howard Albert as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.2	Elect Robert A. Bailenson as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.3	Elect Gary Burnet as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.4	Elect Dominic J. Frederico as Director		For	For		Mgmt
		of Assured Guaranty Re Ltd.
	5.1.5	Elect James M. Michener as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.6	Elect Robert B. Mills as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.7	Elect David Penchoff as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.8	Elect Andrew Pickering as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.2	Ratify PricewatehouseCoopers LLP as		For	For		Mgmt
		Assured Guaranty Re Ltd.'s
		Independent Auditors
04/30/09 - A	AstraZeneca plc		G0593M107			None		244
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Confirm First Interim Dividend of USD		For	For		Mgmt
		0.55 (27.8 Pence, 3.34 SEK) Per
		Ordinary Share; Confirm as Final
		Dividend the Second Interim Dividend
		of USD 1.50 (104.8 Pence, 12.02 SEK)
		Per Ordinary Share
	3	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		of the Company
	4	Authorise Board to Fix Remuneration of		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 14

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Auditors
	5(a)	Re-elect Louis Schweitzer as Director		For	For		Mgmt
	5(b)	Re-elect David Brennan as Director		For	For		Mgmt
	5(c)	Re-elect Simon Lowth as Director		For	For		Mgmt
	5(d)	Re-elect Bo Angelin as Director		For	For		Mgmt
	5(e)	Re-elect John Buchanan as Director		For	For		Mgmt
	5(f)	Re-elect Jean-Philippe Courtois as		For	For		Mgmt
		Director
	5(g)	Re-elect Jane Henney as Director		For	For		Mgmt
	5(h)	Re-elect Michele Hooper as Director		For	For		Mgmt
	5(i)	Elect Rudy Markham as Director		For	For		Mgmt
	5(j)	Re-elect Dame Nancy Rothwell as		For	For		Mgmt
		Director
	5(k)	Re-elect John Varley as Director		For	For		Mgmt
	5(l)	Re-elect Marcus Wallenberg as		For	For		Mgmt
		Director
	6	Approve Remuneration Report		For	For		Mgmt
	7	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Parties, to Make
		EU Political Donations to Political
		Organisations Other Than Political
		Parties and to Incur EU Political
		Expenditure up to USD 250,000
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 120,636,176
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 18,095,426
	10	Authorise 144,763,412 Ordinary Shares		For	For		Mgmt
		for Market Purchase
04/24/09 - A	AT&T Inc *T*		00206R102			02/25/09		2,224
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Randall L. Stephenson --
		- For
	1.2	Elect Director William F. Aldinger III ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.3	Elect Director Gilbert F. Amelio ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.4	Elect Director Reuben V. Anderson ---
		For
Mgmt Rec - Company Management Recommended Vote								Page 15

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.5	Elect Director James H. Blanchard ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director August A. Busch III ---
		For
	1.7	Elect Director Jaime Chico Pardo ---
		Against
		Sits on 6 public boards.
	1.8	Elect Director James P. Kelly --- For
	1.9	Elect Director Jon C. Madonna --- For
	1.10	Elect Director Lynn M. Martin --- For
	1.11	Elect Director John B. McCoy --- For
	1.12	Elect Director Mary S. Metz --- For
	1.13	Elect Director Joyce M. Roch --- For
	1.14	Elect Director Laura D Andrea Tyson ---
		For
	1.15	Elect Director Patricia P. Upton ---
		Against
		Comp committee member during period of poor pay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Increase Authorized Common Stock		For	For		Mgmt
	4	Report on Political Contributions		Against	Against		ShrHoldr
		Mmgt responded meaningfully; no evidence that
		company is not in compliane with current law or that
		proposal will result in improved shareholder returns.
	5	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholders already have right to act by written
		consent and 25% to call a special meeting.
	6	Provide for Cumulative Voting		Against	Against		ShrHoldr
	7	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	8	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Same non-binding advisory ratification proposal
		previously supported by PPC.
	9	Exclude Pension Credits ftom Earnings		Against	For		ShrHoldr
		Performance Measure
		Employee pension plan income is not company
		income or reflective of company performance.
Mgmt Rec - Company Management Recommended Vote								Page 16

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/30/09 -	Axa		F06106102			04/27/09		347
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.40 per Share
	4	Approve Auditors' Special Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Reelect Jacques de Chateauvieux as		For	For		Mgmt
		Supervisory Board Member
		As a result of Michel Pebereau's executive with BNP
		Paribas and his excessive number of other
		directroships, his reelection does not merit support
	6	Reelect Anthony Hamilton as		For	For		Mgmt
		Supervisory Board Member
	7	Reelect Michel Pebereau as		For	Against		Mgmt
		Supervisory Board Member
	8	Reelect Dominique Reiniche as		For	For		Mgmt
		Supervisory Board Member
	9	Elect Ramon de Oliveira as		For	For		Mgmt
		Supervisory Board Member
	10	Authorize Repurchase of Up to 10		For	Against		Mgmt
		Percent of Issued Share Capital
		As the share repurchase program can be continued
		during a takeover period, provided that the reciprocity
		principle applies, this item does not merit support.
		Special Business
	11	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 1 Billion for Bonus Issue or
		Increase in Par Value
	12	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 2 Billion
	13	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 1 Billion
	14	Authorize Board to Set Issue Price for		For	For		Mgmt
		10 Percent of Issued Capital Pursuant
		to Issue Authority without Preemptive
		Rights
	15	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Items 12 to 14 and
		16 to 18
Mgmt Rec - Company Management Recommended Vote								Page 17

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	16	Authorize Capital Increase of Up to		For	For		Mgmt
		EUR 1 Billion for Future Exchange
		Offers
	17	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	18	Authorize Issuance of Equity upon		For	For		Mgmt
		Conversion of a Subsidiary's Equity-
		Linked Securities for Up to EUR 1
		Billion
	19	Approve Issuance of Securities		For	For		Mgmt
		Convertible into Debt
	20	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	21	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for Employees of
		International Subsidiaries
	22	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	23	Authorize Issuance of Preferred Stock		For	Against		Mgmt
		in Favor of Axa Assurances IARD
		Mutuelle and Axa Assurances Vie
		Mutuelle for up to Aggregate Nominal
		Amount of EUR 1 Billion
		Items 23 and 25 could result in treating shareholders
		unequally because of the potentially higher preferred
		dividend rates attached to shares issued to specific
		parties. For this reason, Items 23 and 25 do not merit
		approval.
	24	Authorize Issuance of Preferred Stock		For	For		Mgmt
		with Preemptive Rights for up to
		Aggregate Nominal Amount of EUR 1
		Billion
	25	Authorize Issuance of Preferred Stock		For	Against		Mgmt
		without Preemptive Rights for up to
		Aggregate Nominal Amount of EUR 1
		Billion
	26	Adopt New Articles of Association,		For	For		Mgmt
		Pursuant to Items 23 through 25
	27	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/06/09 - A	BAE Systems plc		G06940103			None		529
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 8.7 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect Philip Carroll as Director		For	For		Mgmt
	5	Re-elect Ian King as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 18

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6	Re-elect Roberto Quarta as Director		For	For		Mgmt
	7	Re-elect George Rose as Director		For	For		Mgmt
	8	Elect Carl Symon as Director		For	For		Mgmt
	9	Reappoint KPMG Audt plc as Auditors		For	For		Mgmt
		of the Company
	10	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	11	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Parties and/ or
		Independent Election Candidates, to
		Political Organisations Other than
		Political Parties and to Incur EU
		Political Expenditure up to GBP
		100,000
	12	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from GBP
		188,750,001 to GBP 218,750,001
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights Under a General Authority up to
		Aggregate Nominal Amount of GBP
		29,396,313 and an Additional Amount
		Pursuant to a Rights Issue of up to
		GBP 29,396,313
	14	Subject to the Passing of Resolution		For	For		Mgmt
		13, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 4,409,888
	15	Authorise 352,791,045 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	16	Amend Articles of Association by		For	For		Mgmt
		Deleting All the Provisions of the
		Company's Memorandum of
		Association which, by Virtue of Section
		28 of the Companies Act of 2006, are
		to be Treated as Provisions of the
		Company's Articles of Association
	17	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
05/02/09 - A	Baldor Electric Co. *BEZ*		057741100			03/16/09		127
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 8.78% exceeds allowable cap of
		8.76%.
Mgmt Rec - Company Management Recommended Vote								Page 19

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
		Executive officers and key employees will receive
		cash, a credit to the account under the company's
		Supplemental Deferred Compensation Plan, or
		restricted stock and restricted stock units under the
		2006 Equity Incentive Plan.
04/15/09 - A	Banco Latinoamericano de		P16994132			03/11/09		354
	Comercio Exterior SA *BLX*
		This is a duplicate meeting for
		ballots received via the Broadridge
		North American Ballot distribution
		system.
	1	TO APPROVE THE BANK S AUDITED		For	For		Mgmt
		FINANCIAL STATEMENTS FOR
		THEFISCAL YEAR ENDED
		DECEMBER 31, 2008 (PROPOSAL 1)
	2	TO APPOINT DELOITTE AS THE		For	For		Mgmt
		BANK S INDEPENDENT AUDITORS
		FOR THEFISCAL YEAR ENDING
		DECEMBER 31, 2009 (PROPOSAL 2)
	3a.i	DIRECTOR GONZALO MENENDEZ		For	For		Mgmt
		DUQUE
	3a.ii	DIRECTOR JAIME RIVERA		For	For		Mgmt
	3b	DIRECTOR WILL C. WOOD		For	For		Mgmt
	4a	TO APPROVE THE PROPOSED		For	For		Mgmt
		AMENDMENTS TO THE ARTICLES
		OF INCORPORATION OF THE BANK
		TO: CHANGE THE BANK'S NAME
	4b	TO APPROVE THE PROPOSED		For	For		Mgmt
		AMENDMENTS TO THE ARTICLES
		OF INCORPORATION OF THE BANK
		TO: MODIFY THE DEFINITION OF
		THE BUSINESS PURPOSE OF THE
		BANK
	4c	TO APPROVE THE PROPOSED		For	For		Mgmt
		AMENDMENTS TO THE ARTICLES
		OF INCORPORATION OF THE BANK
		TO: ALLOW THE ISSUANCE OF
		PREFERRED SHARES
	4d	TO APPROVE THE PROPOSED		For	Against		Mgmt
		AMENDMENTS TO THE ARTICLES
		OF INCORPORATION OF THE BANK
		TO: AUTHORIZE A NEW CLASS OF
		COMMON SHARES
	5	TRANSACT OTHER BUSINESS		None	None		Mgmt
		(NON-VOTING)
Mgmt Rec - Company Management Recommended Vote								Page 20

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/18/09 - A	Banco Santander S.A.		E19790109			None		1,548
	1	Accept Individual and Consolidated		For	For		Mgmt
		Financial Statements and Statutory
		Reports and Discharge Directors for
		Fiscal Year Ended December 31, 2008
	2	Approve Allocation of Income		For	For		Mgmt
	3	Elect Directors		For	For		Mgmt
	4	Reelect Auditors for Fiscal Year 2009		For	For		Mgmt
	5	Authorize Repurchase of Shares in		For	For		Mgmt
		Accordance With Article 75 of
		Corporate Law; Void Authorization
		Granted on June 21, 2008
	6	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights in Accordance to Article 153 1.a)
		of the Spanish Corporate Law; Void
		Authorization Granted at the AGM held
		on June 21, 2008
	7	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities up to Aggregate
		Nominal Amount of EUR 2.04 Billion
		without Preemptive Rights
	8	Authorize Capitalization of Reserves of		For	For		Mgmt
		0.5: 1 Bonus Issue; Amend Article 5
		Accordingly
	9	Grant Board Authorization to Issue		For	For		Mgmt
		Convertible and/or Exchangeable Debt
		Securities without Preemptive Rights
	10.1	Approve Bundled Incentive Plans		For	For		Mgmt
		Linked to Predetermined Requirements
		such as Total Return Results and EPS
	10.2	Approve Savings Plan for Abbey		For	For		Mgmt
		National Plc' Employees and other
		Companies of Santander Group in the
		U.K.
	10.3	Approve Issuance of 100 Shares to		For	For		Mgmt
		Employees of Sovereign Subsidiary
	11	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
04/29/09 - A	Bank of America Corp. *BAC*		060505104			03/04/09		1,417
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director William Barnet, III --- For
	1.2	Elect Director Frank P. Bramble, Sr. ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
Mgmt Rec - Company Management Recommended Vote								Page 21

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		company execs.
	1.3	Elect Director Virgis W. Colbert --- For
	1.4	Elect Director John T. Collins --- For
	1.5	Elect Director Gary L. Countryman ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director Tommy R. Franks --- For
	1.7	Elect Director Charles K. Gifford --- For
	1.8	Elect Director Kenneth D. Lewis ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	1.9	Elect Director Monica C. Lozano ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	1.10	Elect Director Walter E. Massey --- For
	1.11	Elect Director Thomas J. May --- For
	1.12	Elect Director Patricia E. Mitchell ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.13	Elect Director Joseph W. Prueher ---
		For
	1.14	Elect Director Charles O. Rossotti ---
		For
	1.15	Elect Director Thomas M. Ryan ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.16	Elect Director O. Temple Sloan, Jr. ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs; comp committee member during
Mgmt Rec - Company Management Recommended Vote								Page 22

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		period of poor pay practices.
	1.17	Elect Director Robert L. Tillman ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	1.18	Elect Director Jackie M. Ward ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Poor pay practices.
	4	Report on Government Service of		Against	Against		ShrHoldr
		Employees
		Management responded meaningfully; evidence of
		non-compliance with current law or that proposal will
		result in improved shareholder returns.
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior proposals supported by PPC.
	6	Provide for Cumulative Voting		Against	Against		ShrHoldr
	7	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Sharehlders already have 25% right to call special
		meeting.
	8	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director already in plac.e
	9	Report on Predatory Lending Policies		Against	Against		ShrHoldr
		Management responded meaningfully; evidence of
		non-compliance with current law or that proposal will
		result in improved shareholder returns.
	10	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Management responded meaningfully; evidence of
		non-compliance with current law or that proposal will
		result in improved shareholder returns.
	11	TARP Related Compensation		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 23

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Not drafted clearly enought to achieve
		proponent’s goals without being overly
		restrictive to management.
04/23/09 - A	Barclays plc		G08036124			None		1,262
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
		Vote Recommendation The following concerns
		in respect to the Company's remuneration practices
		during the year were considered: - Contractual
		termination    provisions including bonus
		element Although the Company has moved to
		cap potential average bonus elements included
		within termination payments for new appointees to no
		more than 100% of basic salary, this is still not
		considered sufficiently in line with ABI/NAPF
		remuneration guidelines which recommend against
		the use of guaranteed bonuses within termination
		arrangements. The Company is strongly
		encouraged to review the inclusion of bonus
		entitlements in its severance arrangements as
		retention of such features will likely result in a
		negative vote recommendation in respect of the
		Company’s remuneration report in future
		years based on the contractual right to a
		bonus. -  Unreduced pension on early
		retirement The use of actuarial waivers is not in
		line with the ABI/NAPF's current recommendations
		regarding severance arrangements. Given the
		potential cost implications for the Company, it is
		deemed prudent that the Company reviews this
		element of the pension plan to avoid, where possible,
		significant payment obligations. - Performance
		Share Plan vesting schedule The use of a
		vesting scale that provides a maximum reward
		potential of three times' the size of the initial grant
		obscures visibility by shareholders of the true value
		of grants. The use of EV as the basis for the award
		may have a similar effect. The Company is
		recommended that a less complex approach is
		adopted for the new arrangements to be proposed
		during 2009. Recommendation A number of
		issues are noted in respect of the
		Company’s remuneration practices which
		are not deemed in line with good practices, in
		particular those contractually enshrined within
		service contracts and pension scheme rules.
		Whereas these issues are highlighted in this
		occasion, the retention of such features will likely
Mgmt Rec - Company Management Recommended Vote								Page 24

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		result in a negative vote recommendation in respect
		of the Company’s remuneration report in
		future years. Given the Company’s
		strong remuneration disclosure and moves made
		towards good practice, shareholders  are
		recommended to approve the remuneration report
		this year. [VOTE RECOMMENDATION:
		CONTENTIOUS FOR]
	3	Elect Simon Fraser as Director		For	For		Mgmt
	4	Re-elect Marcus Agius as Director		For	For		Mgmt
		Vote Recommendation Given  the
		Company’s turnaround in respect of
		proactive shareholder engagement, and the fact that
		the capital raising has now been completed and
		contractual obligations been entered into, as well as
		the Company’s strong relative financial
		performance since 2009, it is not considered
		appropriate to vote against the re-election of Marcus
		Agius. Shareholders are therefore recommended to
		support his re-election, but continue to monitor
		closely the Board’s level of engagement
		with shareholders and protection of their
		interests. [VOTE RECOMMENDATION:
		CONTENTIOUS FOR]
	5	Re-elect David Booth as Director		For	For		Mgmt
	6	Re-elect Sir Richard Broadbent as		For	For		Mgmt
		Director
	7	Re-elect Richard Clifford as Director		For	For		Mgmt
	8	Re-elect Fulvio Conti as Director		For	For		Mgmt
	9	Re-elect Robert Diamond Jr as Director		For	For		Mgmt
	10	Re-elect Sir Andrew Likierman as		For	For		Mgmt
		Director
	11	Re-elect Christopher Lucas as Director		For	For		Mgmt
	12	Re-elect Sir Michael Rake as Director		For	For		Mgmt
	13	Re-elect Stephen Russell as Director		For	For		Mgmt
	14	Re-elect Frederik Seegers as Director		For	For		Mgmt
	15	Re-elect Sir John Sunderland as		For	For		Mgmt
		Director
	16	Re-elect John Varley as Director		For	For		Mgmt
	17	Re-elect Patience Wheatcroft as		For	For		Mgmt
		Director
	18	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	19	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	20	Authorise Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Organisations up
		to GBP 25,000 and Incur EU Political
		Expenditure up to GBP 100,000
	21	Approve Increase in Authorised		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 25

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Ordinary Share Capital from GBP
		3,499,000,000 to GBP 5,249,000,000
	22	Issue Equity with Pre-emptive Rights		For	For		Mgmt
		Under a General Authority up to GBP
		738,016,774, USD 77.5M, EUR 40.0M,
		JPY 4.0B and an Additional Amt
		Pursuant to a Rights Issue up to GBP
		1,396,033,549 After Deducting Any
		Securities Issued Under the General
		Authority
	23	Subject to the Passing of Resolution		For	For		Mgmt
		22, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 104,702,516
	24	Authorise 837,620,130 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	25	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
04/30/09 - A	BASF SE (formerly BASF AG) D06216101					04/09/09		200
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.95 per Share
	3	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify KPMG AG as Auditors for Fiscal		For	For		Mgmt
		2009
	6	Elect Supervisory Board Member		For	For		Mgmt
	7	Approve Creation of EUR 500 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	8	Amend Articles Re: First Supervisory		For	For		Mgmt
		Board of BASF SE
	9	Approve Remuneration of Supervisory		For	For		Mgmt
		Board
05/12/09 - A	Bayer AG		D07112119			04/21/09		131
	1	Receive Financial Statements and		For	For		Mgmt
		Statutory Reports; Approve Allocation
		of Income and Dividends of EUR 1.40
		per Share for Fiscal 2008
	2	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
Mgmt Rec - Company Management Recommended Vote								Page 26

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	4	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	5	Approve Conversion of Bearer Shares		For	For		Mgmt
		into Registered Shares
	6	Amend Articles Re: Allow Electronic		For	For		Mgmt
		Distribution of Company
		Communications
	7	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
05/20/09 - A	Belden, Inc. *BDC*		077454106			03/25/09		128
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 8.99% is within allowable cap of
		9.54%.
05/18/09 - A	BG Group plc		G1245Z108			None		674
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 6.55 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Elect Sir David Manning as Director		For	For		Mgmt
	5	Elect Martin Houston as Director		For	For		Mgmt
	6	Re-elect Sir Robert Wilson as Director		For	For		Mgmt
	7	Re-elect Frank Chapman as Director		For	For		Mgmt
	8	Re-elect Ashley Almanza as Director		For	For		Mgmt
	9	Re-elect Jurgen Dormann as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	12	Authorise the Company to Make EU		For	For		Mgmt
		Political Donations to Political Parties or
		Independent Election Candidates up to
		GBP 15,000, to Political Organisations
		Other Than Political Parties up to GBP
		15,000 and Incur EU Political
		Expenditure up to GBP 20,000
	13	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from GBP
		500,000,001 to GBP 600,000,001
	14	Issue of Equity with Pre-emptive Rights		For	For		Mgmt
		Under General Authority up to
		Aggregate Nominal Amount of GBP
		116,481,140 and Additional Amount
Mgmt Rec - Company Management Recommended Vote								Page 27

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Pursuant to a Rights Issue of up to
		GBP 111,926,886
	15	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount GBP 16,789,033
	16	Authorise 335,780,660 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	17	Amend Articles of Association Re:		For	For		Mgmt
		Form of the Company's Share Capital
	18	Adopt New Articles of Association		For	For		Mgmt
	19	Approve That a General Meeting, Other		For	For		Mgmt
		Than an Annual General Meeting, May
		Be Called on Not Less Than 14 Clear
		Days' Notice
04/28/09 - A	Bio-Rad Laboratories, Inc.		090572207			03/02/09		59
	*BIO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/12/09 - A	BioMarin Pharmaceutical Inc.		09061G101			03/23/09		218
	*BMRN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/27/09 - A	BioMed Realty Trust, Inc.		09063H107			03/11/09		204
	*BMR*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 6.34% exceeds allowable cap of
		5.34%.
06/10/09 - A	Blyth, Inc. *BTH*		09643P207			04/13/09		330
	1	Elect Directors		For	For		Mgmt
05/13/09 -	BNP Paribas		F1058Q238			05/08/09		154
A/S
		Ordinary Business
	1	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	2	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 28

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Dividends of EUR 1.00 per Share
	4	Approve Auditors' Special Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Ordinary Share
		Capital
	6	Reelect Claude Bebear as Director		For	For		Mgmt
		Due to their overboardings (more than three
		directorships, outside the group and in listed
		companies, for an executive), the reelection of Jean-
		Louis Beffa and Denis Kessler do not warrant
		support (Items 7 and 8). However, the
		reelections of Claude Bébéar, Laurence
		Parisot, and Michel Pébereau (Items 6, 9, and
		10) warrant support.
	7	Reelect Jean-Louis Beffa as Director		For	Against		Mgmt
	8	Reelect Denis Kessler as Director		For	Against		Mgmt
	9	Reelect Laurence Parisot as Director		For	For		Mgmt
	10	Reelect Michel Pebereau as Director		For	For		Mgmt
		Special Business
	11	Approve Contribution in Kind of		For	For		Mgmt
		98,529,695 Fortis Banque Shares by
		Societe Federale de Participations et
		d'Investissement (SFPI)
	12	Approve Contribution in Kind of		For	For		Mgmt
		4,540,798 BGL SA Shares by Grand
		Duchy of Luxembourg
	13	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	14	Amend Bylaws to Reflect Amendment		For	For		Mgmt
		to Terms and Conditions of Class B
		Shares
	15	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	16	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
04/16/09 - A	BP plc		G12793108			None		3,962
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
		Vote Recommendation In arriving at a vote
		recommendation on the Company's remuneration
		report for 2008, the Remuneration Committee's use
		of discretion to authorise the vesting of 15% of the
		2006-08 award under the EDIP remains of major
		concern. The Company defended the Committee's
		decision by citing the following factors to justify this
		partial vesting:  (i) Although in last place on a
Mgmt Rec - Company Management Recommended Vote								Page 29

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		common currency basis, the Company's relative TSR
		performance on a local currency basis was
		'clustered' with its European competitors; (ii) the
		partial vesting decision was taken after assessing the
		Company's underlying business performance against
		the European comparators, which demonstrated that
		BP were ahead in some areas and behind in others;
		(iii) the Committee's discretion to assess underlying
		performance is specifically permitted under the rules
		of the plan as approved by shareholders in 2005; and
		(iv) the Committee has not previously exercised its
		discretion to vary EDIP awards upwards by taking
		account underlying business
		performance. Whilst the third and the fourth
		points are matters of fact, the following concerns
		remain regarding the first two points: (i) the
		Company’s performance on a local currency
		basis was fourth place in the five company
		comparator group; (ii) the Company did not
		sufficiently disclose the supporting metrics and
		rationale to vindicate the use of discretion to
		determine the vesting of awards where the
		established TSR condition was not met. Whilst
		the Company outlined the Committee's reasons for
		approving the vesting of awards in broad terms, the
		explanations do not fully justify the approval of the
		awards. After careful consideration of the
		explanations provided by the Company, shareholders
		are recommended to oppose this resolution because,
		in the absence of clarity and disclosure regarding the
		specific underlying business metrics used by the
		Committee to reach its conclusion, it is difficult for a
		shareholders to be convinced that proper use of
		discretion has been applied in this case. It is
		noted that the Company has amended the
		performance targets for the EDIP going forward to
		take account of underlying business performance
		metrics. The Company is encouraged to provide
		detailed disclosure of the impact of these operating
		measures in the determination of the vesting levels of
		these future  awards. Shareholders are
		recommended to vote AGAINST this resolution.
	3	Re-elect Antony Burgmans as Director		For	For		Mgmt
	4	Re-elect Cynthia Carroll as Director		For	For		Mgmt
	5	Re-elect Sir William Castell as Director		For	For		Mgmt
	6	Re-elect Iain Conn as Director		For	For		Mgmt
	7	Re-elect George David as Director		For	For		Mgmt
	8	Re-elect Erroll Davis, Jr as Director		For	For		Mgmt
	9	Elect Robert Dudley as Director		For	For		Mgmt
	10	Re-elect Douglas Flint as Director		For	For		Mgmt
	11	Re-elect Dr Byron Grote as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 30

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	12	Re-elect Dr Tony Hayward as Director		For	For		Mgmt
	13	Re-elect Andy Inglis as Director		For	For		Mgmt
	14	Re-elect Dr DeAnne Julius as Director		For	For		Mgmt
	15	Re-elect Sir Tom McKillop as Director		For	Against		Mgmt
		Vote Recommendation The exceptional
		circumstances surrounding Sir Tom
		McKillop’s former role at RBS and his
		chairmanship of that company’s board
		during such a difficult period make voting on his re-
		election at BP difficult judgement call. For the
		purposes of this recommendation, it is appropriate to
		consider the impact that his former role at RBS may
		have on his continuing role at BP. Given the
		importance of judging each director’s
		(re)election on a case-by-case basis, shareholders
		should note that this vote recommendation has been
		reached only after extensive engagement with the
		Company and much thought and consideration.
		The Board of BP remains satisfied that Sir Tom
		McKillop brings skills and experience to the
		Company from a scientific, engineering and
		technological perspective. The Company has also
		stated that the Board’s remains satisfied
		that Sir Tom McKillop has played a key role in the
		two Committees of which he is a member –
		the Remuneration Committee and the Safety, Ethics
		and Environmental Assurance Committee (SSEAC) -
		citing that he has had an integral role in helping the
		SSEAC improve BP’s safety record in
		recent years. Whilst the Company has provided
		explanations for its decision to recommend Sir Tom
		McKillop for re-election, and whilst such
		considerations should certainly not be dismissed, his
		former role at RBS undoubtedly raises questions as
		to his suitability to continue to sit on the Board of BP.
		Ultimately, the damage caused to Sir Tom
		McKillop’s reputation by presiding over such
		a massive corporate loss whilst chairman of RBS
		cannot be disregarded. Therefore, to properly
		evaluate this proposal, the following two questions
		should need to be answered: 1. Does the
		combination of: (a) the questions raised over whether
		the RBS Board took sufficient account of the
		execution and commercial risks associated with the
		acquisition of ABN Amro and the broader business
		strategy in light of the bank’s rapid descent
		to its present status; (b) the ancillary remuneration
		and governance issues associated with RBS; and (c)
		Sir Tom McKillop’s responsibility for the
		foregoing as Chairman of the RBS board; create a
		credible and material doubt as to his continuing
Mgmt Rec - Company Management Recommended Vote								Page 31

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		suitability to fulfill the role of an independent NED
		and contribute positively to the oversight of
		management and the protection of shareholder
		interests over the long-term at BP? 2. Did the
		Board of BP take sufficient account of the above
		question in making its own recommendation with
		respect to Sir Tom McKillop’s re-
		election? Following exhaustive consideration of
		the foregoing factors, it is concluded in this analysis
		that the answer to the first question posed is
		‘yes’ and the  second is
		‘no’. Accordingly, whilst mindful of
		the point that Sir Tom McKillop's roles and
		performance at RBS and BP are not analogous, it
		would be prudent for shareholders to oppose Sir Tom
		McKillop's re-election. Shareholders are
		recommended to vote AGAINST the re-election of
		this candidate.
	16	Re-elect Sir Ian Prosser as Director		For	For		Mgmt
	17	Re-elect Peter Sutherland as Director		For	For		Mgmt
	18	Reappoint Ernst & Young LLP as		For	For		Mgmt
		Auditors and Authorise Board to Fix
		Their Remuneration
	19	Authorise 1,800,000,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	20	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 1,561,000,000
	21	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 234,000,000
	22	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
04/30/09 - A	British American Tobacco		G1510J102			None		228
	plc
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 61.6 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	5	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	6 (a)	Re-elect Paul Adams as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 32

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6 (b)	Re-elect Jan du Plessis as Director		For	For		Mgmt
	6 (c)	Re-elect Robert Lerwill as Director		For	For		Mgmt
	6 (d)	Re-elect Sir Nicholas Scheele as		For	For		Mgmt
		Director
	7	Elect Gerry Murphy as Director		For	For		Mgmt
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 166,359,108
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 24,953,866
	10	Authorise 199,600,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	11	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Parties or
		Independent Election Candidates, to
		Political Organisations Other than
		Political Parties and to Incur EU
		Political Expenditure up to GBP
		1,000,000
		Vote Recommendation The Company is seeking
		a four-year authority to make political donations and
		incur political expenditure within the EU, the
		Company has outlined that the authority is sought
		merely to enable it to operate without running the risk
		of being in breach of a law which is subject to varying
		interpretations. The Company states in the notice of
		meeting that it does not intend to utilise the authority.
		The previous four-year authority granted at the 2005
		AGM was not utilised. The Company confirmed
		that in the event that the authority is used, the NAPF
		request for the authority to be renewed at the
		following AGM would be referred to the Board for
		consideration. As the Company provided this
		commitment and as the Company did not make any
		political donations during the period of the previous
		four-year authority, shareholders are advised to vote
		FOR this item. However, the fact that length of the
		proposed authority diverges from NAPF policy
		guidelines is highlighted via a contentious for
		recommendation. [Vote Recommendation:
		CONTENTOUS FOR]
	12	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
	13	Adopt New Articles of Association with		For	For		Mgmt
		Effect from 01 October 2009
Mgmt Rec - Company Management Recommended Vote								Page 33

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/07/09 - A	Bruker Corp. *BRKR*		116794108			03/31/09		436
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Bucyrus International, Inc.		118759109			03/13/09		191
	*BUCY*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Paul W. Jones ---
		Withhold
		Comp committee member during period of poor pay
		practices
	1.2	Elect Director Robert L. Purdum ---
		Withhold
		Comp committee member during period of poor pay
		practices
	1.3	Elect Director Timothy W. Sullivan ---
		For
	2	Ratify Auditors		For	For		Mgmt
05/21/09 - A	Buffalo Wild Wings, Inc.		119848109			03/30/09		164
	*BWLD*
	1	Fix Number of Directors at Seven		For	For		Mgmt
		Current number if directors is 7; no evidence of
		entrenchment.
	2	Elect Directors		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Adopt Purchasing Preference for		Against	Against		ShrHoldr
		Suppliers Using CAK
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/23/09 - A	Burlington Northern Santa Fe		12189T104			02/27/09		137
	Corp. *BNI*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Language consistant with prior proposals supported
		by PPC.
	4	Amend Bylaws-- Call Special Meetings		Against	Against		ShrHoldr
		Company already has 25% right to call special
Mgmt Rec - Company Management Recommended Vote								Page 34

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		meeting.
	5	Report on Political Contributions		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		company is not in comliance with current law or that
		proposal will improve economic results beyond what
		can be accomplished under current policies.
04/23/09 - A	Capital One Financial Corp.		14040H105			02/23/09		585
	*COF*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Richard D. Fairbank ---
		For
	1.2	Elect Director E.R. Campbell --- Against
		Comp committee member during period of poor lay
		practices.
	1.3	Elect Director Bradford H. Warner ---
		For
	1.4	Elect Director Stanley Westreich ---
		Against
		Comp committee member during period of poor lay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Advisory Vote on Executive		For	Against		Mgmt
		Compensation
		NEO CIC with tax gross-ups.
04/28/09 -	Carrefour		F13923119			04/23/09		140
A/S
		Special Business
	1	Approve Financial Statements and		For	For		Mgmt
		Discharge Directors
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Transaction with Jose-Luis		For	For		Mgmt
		Duran Re: Severance Payments
	4	Approve Transaction with Lars		For	For		Mgmt
		Olofsson Re: Severance Payments
	5	Approve Treatment of Losses and		For	For		Mgmt
		Dividends of EUR 1.08 per Share
	6	Elect Lars Olofsson as Director		For	For		Mgmt
	7	Reelect Rene Abate as Director		For	For		Mgmt
	8	Reelect Nicolas Bazire as Director		For	For		Mgmt
	9	Reelect Jean-Martin Folz as Director		For	For		Mgmt
	10	Reappoint Deloitte & Associes as		For	For		Mgmt
		Audito and BEAS as Alternate Auditor
Mgmt Rec - Company Management Recommended Vote								Page 35

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	11	Reappoint KPMG as Auditor		For	For		Mgmt
	12	Ratify Bernard Perot as Alternate		For	For		Mgmt
		Auditor
	13	Authorize Repurchase of Up to 10		For	Against		Mgmt
		Percent of Issued Share Capital
		Special Business
	14	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	15	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 500 Million
	16	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 350 Million
	17	Authorize Board to Increase Capital in		For	Against		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	18	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 500 Million for Bonus Issue
		or Increase in Par Value
	19	Authorize up to 3 Percent of Issued		For	Against		Mgmt
		Capital for Use in Stock Option Plan
	20	Authorize up to 0.2 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock Plan
	21	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	22	Approve Employee Stock Purchase		For	For		Mgmt
		Plan for International Employees
06/10/09 - A	Caterpillar Inc. *CAT*		149123101			04/13/09		222
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Daniel M. Dickinson ---
		For
	1.2	Elect Director David R. Goode --- For
	1.3	Elect Director James W. Owens --- For
	1.4	Elect Director Charles D. Powell --- For
		Sits on 6 boards but plans to resign from one.
	1.5	Elect Director Joshua I. Smith --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		Against	For		ShrHoldr
	4	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
	5	Report on Foreign Military Sales		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
Mgmt Rec - Company Management Recommended Vote								Page 36

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		will result in improved shareholder returns.
	6	Adopt Simple Majority Vote Standard		Against	For		ShrHoldr
	7	Limitation on Compensation Consultant		Against	Against		ShrHoldr
		Services
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	8	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	9	Report on Lobbying Priorities		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/30/09 - A	Central European		153435102			03/03/09		95
	Distribution Corporation
	*CEDC*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director William V. Carey --- For
	1.2	Elect Director David Bailey --- Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.3	Elect Director N. Scott Fine --- For
	1.4	Elect Director Marek Forysiak --- For
	1.5	Elect Director Robert P. Koch --- For
	1.6	Elect Director Jan W. Laskowski ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.7	Elect Director Markus Sieger --- For
	1.8	Elect Director Sergey Kupriyanov ---
		For
	2	Ratify Auditors		For	For		Mgmt
04/21/09 -	CF Industries Holdings, Inc.		125269100			03/16/09		110
PC	*CF*
		Management Proxy (White Card)
	1.1	Elect Director Stephen A. Furbacher		For	For		Mgmt
		Dissident did not prove case for change.
	1.2	Elect Director David R. Harvey		For	For		Mgmt
		Dissident did not prove case for change.
	1.3	Elect Director John D. Johnson		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 37

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Dissident did not prove case for change.
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
		Dissident Proxy (Green Card)
	1.1	Elect Director Stephen A. Furbacher		Withhold	None		ShrHoldr
	1.2	Elect Director David R. Harvey		Withhold	None		ShrHoldr
	1.3	Elect Director John D. Johnson		Withhold	None		ShrHoldr
	2	Ratify Auditors		For	None		Mgmt
	3	Approve Omnibus Stock Plan		For	None		Mgmt
05/06/09 - A	Champion Enterprises, Inc.		158496109			03/10/09		1,799
	*CHB*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert W. Anestis ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.2	Elect Director Eric S. Belsky ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.3	Elect Director William C. Griffiths --- For
	1.4	Elect Director Selwyn Isakow --- For
	1.5	Elect Director G. Michael Lynch --- For
	1.6	Elect Director Thomas A. Madden ---
		For
	1.7	Elect Director Shirley D. Peterson ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	2	Ratify Auditors		For	For		Mgmt
05/27/09 - A	Chevron Corporation *CVX*		166764100			04/01/09		823
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	4	Amend Omnibus Stock Plan		For	For		Mgmt
	5	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholders already have right to call special
		meeting (25%).
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
Mgmt Rec - Company Management Recommended Vote								Page 38

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	7	Adopt Quantitative GHG Goals for		Against	Against		ShrHoldr
		Products and Operations
		Company appears to be addressing proponents
		issues though it may have different views on certain
		solutions. Management responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will result in improved shareholder returns.
	8	Adopt Guidelines for Country Selection		Against	Against		ShrHoldr
		Company appears to be addressing proponents
		issues though it may have different views on certain
		solutions. Management responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will result in improved shareholder returns.
	9	Adopt Human Rights Policy		Against	Against		ShrHoldr
		Current policies appear to address the
		proposal’s intent. Management responded
		meaningfully; no evidence of non-compliance with
		current law or that proposal will result in improved
		shareholder returns.
	10	Report on Market Specific		Against	Against		ShrHoldr
		Environmental Laws
		Company appears to be addressing proponents
		issues though it may have different views on certain
		solutions. Management responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will result in improved shareholder returns.
04/21/09 - A	Citigroup Inc. *C*		172967101			02/27/09		1,649
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director C. Michael Armstrong ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.2	Elect Director Alain J.P. Belda ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.3	Elect Director John M. Deutch ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.4	Elect Director Jerry A. Grundhofer ---
		For
	1.5	Elect Director Andrew N. Liveris --- For
	1.6	Elect Director Anne Mulcahy --- For
	1.7	Elect Director Michael E. O'Neill --- For
Mgmt Rec - Company Management Recommended Vote								Page 39

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.8	Elect Director Vikram Pandit --- For
	1.9	Elect Director Richard D. Parsons ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.10	Elect Director Lawrence R. Ricciardi ---
		For
	1.11	Elect Director Judith Rodin --- For
	1.12	Elect Director Robert L. Ryan --- For
	1.13	Elect Director Anthony M. Santomero --
		- For
	1.14	Elect Director William S. Thompson, Jr.
		--- For
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
	4	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Pay/performance disconnect and poor pay practices.
	5	Disclose Prior Government Service		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	6	Report on Political Contributions		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	7	Report on Predatory Lending Policies		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	8	Require More Director Nominations		Against	Against		ShrHoldr
		Than Open Seats
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that proposal could be implemented in a
		productive way.
	9	Prepare Carbon Principles Report		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	10	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Adequate stock retention policies already in place.
Mgmt Rec - Company Management Recommended Vote								Page 40

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	11	Disclose Information on Compensation		Against	Against		ShrHoldr
		Consultant
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	12	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholder already have right to act by written
		consent and call special meeting (25%).
	13	Restore or Provide for Cumulative		Against	Against		ShrHoldr
		Voting
05/12/09 - A	Coeur D' Alene Mines Corp.		192108108			03/19/09		1,881
	*CDE*
	1	Elect Directors		For	For		Mgmt
	2	Adjust Par Value of Common Stock		For	For		Mgmt
		Routine management financing decision.
	3	Approve Reverse Stock Split		For	For		Mgmt
	4	Increase Authorized Common Stock		For	For		Mgmt
	5	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Comcast Corp. *CMCSA*		20030N101			03/04/09		1,039
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director S. Decker Anstrom ---
		Withhold
		Comp committee member during period of poor pay
		practives. Short and long term incentive plans use
		same performance targets; awards are earned once
		and paid twice. CEO (14.2% base salary) and other
		NEO personal use of corporate aircraft considerably
		above industry norm (8% base salary). 12%
		guaranteed interest paid on NEO deferred comp
		while employed; prime plus 1 paid after employment.
		Tax gross-ups paid on split dollar life insurance
		premiums.
	1.2	Elect Director Kenneth J. Bacon --- For
	1.3	Elect Director Sheldon M. Bonovitz ---
		For
	1.4	Elect Director Edward D. Breen --- For
	1.5	Elect Director Julian A. Brodsky --- For
	1.6	Elect Director Joseph J. Collins ---
		Withhold
		Comp committee member during period of poor pay
		practives. Short and long term incentive plans use
		same performance targets; awards are earned once
Mgmt Rec - Company Management Recommended Vote								Page 41

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		and paid twice. CEO (14.2% base salary) and other
		NEO personal use of corporate aircraft considerably
		above industry norm (8% base salary). 12%
		guaranteed interest paid on NEO deferred comp
		while employed; prime plus 1 paid after employment.
		Tax gross-ups paid on split dollar life insurance
		premiums.
	1.7	Elect Director J. Michael Cook --- For
	1.8	Elect Director Gerald L. Hassell --- For
	1.9	Elect Director Jeffrey A. Honickman ---
		For
	1.10	Elect Director Brian L. Roberts --- For
	1.11	Elect Director Ralph J. Roberts --- For
	1.12	Elect Director Dr. Judith Rodin ---
		Withhold
		Comp committee member during period of poor pay
		practives. Short and long term incentive plans use
		same performance targets; awards are earned once
		and paid twice. CEO (14.2% base salary) and other
		NEO personal use of corporate aircraft considerably
		above industry norm (8% base salary). 12%
		guaranteed interest paid on NEO deferred comp
		while employed; prime plus 1 paid after employment.
		Tax gross-ups paid on split dollar life insurance
		premiums.
	1.13	Elect Director Michael I. Sovern ---
		Withhold
		industry norm (8% base salary). 12% guaranteed
		interest paid on NEO deferred comp while employed;
		prime plus 1 paid after employment. Tax gross-ups
		paid on split dollar life insurance premiums.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Amend Restricted Stock Plan		For	For		Mgmt
	5	Amend Stock Option Plan		For	For		Mgmt
	6	Increase Disclosure of Executive		Against	Against		ShrHoldr
		Compensation
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	7	Seek Shareholder Approval on Certain		Against	Against		ShrHoldr
		Future Death Benefit Arrangements
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
Mgmt Rec - Company Management Recommended Vote								Page 42

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding advisory ratification proposal
		consistently supported by PPC.
	9	Adopt a Recapitalization Plan		Against	For		ShrHoldr
		One vote per share; end dual class stock.
05/13/09 - A	ConocoPhillips *COP*		20825C104			03/16/09		630
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
	4	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification consistent with
		prior proposals supported by PPC.
	6	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	7	Adopt Quantitative GHG Goals for		Against	Against		ShrHoldr
		Products and Operations
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	8	Report on Environmental Impact of Oil		Against	Against		ShrHoldr
		Sands Operations in Canada
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	9	Require Director Nominee		Against	Against		ShrHoldr
		Qualifications
		Management responded meaningfully; adequate
		process already in place; no evidence that proposal
		will improve shareholder returns.
05/05/09 - A	Consolidated		209034107			03/18/09		340
	Communications Holdings,
	Inc. *CNSL*
	1	Elect Directors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 43

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 1.83% is within allowable cap of
		20.36%.
05/14/09 - A	Corporate Office Properties		22002T108			03/16/09		99
	Trust, Inc. *OFC*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/05/09 - A	Cross Country Healthcare,		227483104			03/05/09		409
	Inc. *CCRN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/07/09 - A	Crosstex Energy, Inc. *XTXI*		22765Y104			03/17/09		146
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 8.29% exceeds allowable cap of
		7.61%.
	3	Ratify Auditors		For	For		Mgmt
05/12/09 - A	Cummins , Inc. *CMI*		231021106			03/16/09		351
	1	Elect Director Robert J. Bernhard		For	For		Mgmt
	2	Elect Director Robert J. Darnall		For	For		Mgmt
	3	Elect Director Robert K. Herdman		For	For		Mgmt
	4	Elect Director Alexis M. Herman		For	For		Mgmt
	5	Elect Director N. Thomas Linebarger		For	For		Mgmt
	6	Elect Director William I. Miller		For	For		Mgmt
	7	Elect Director Georgia R. Nelson		For	For		Mgmt
	8	Elect Director Theodore M. Solso		For	For		Mgmt
	9	Elect Director Carl Ware		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Amend Omnibus Stock Plan		For	For		Mgmt
	12	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	13	Adopt and Implement ILO-based		Against	Against		ShrHoldr
		Human Rights Policy
		Management responded meaningfully; has already
		adopted core provisions of ILO Human Rights Policy;
		no evidence of non-compliance with current law or
		that proposal will improve shareholder returns.
Mgmt Rec - Company Management Recommended Vote								Page 44

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/06/09 - A	CVS Caremark Corp *CVS*		126650100			03/12/09		542
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
		Currently no right to call special meeting; written
		consent requires 100% (not realistic).
	4	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	5	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		company not in compliance with current law or that
		proposal will result in improved shareholder returns.
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of comp as
		disclosed in proxy statement.
04/08/09 - A	Daimler AG		D1668R123			None		214
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.60 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify KPMG AG as Auditors for Fiscal		For	For		Mgmt
		2009
	6	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Authorize Use of Financial Derivatives		For	For		Mgmt
		when Repurchasing Shares
	8	Elect Supervisory Board Member		For	For		Mgmt
	9	Approve Affiliation Agreements with		For	For		Mgmt
		EvoBus GmbH
	10	Amend Articles Re: Convocation of		For	For		Mgmt
		General Meeting due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
	11	Approve Creation of EUR 1 Billion Pool		For	For		Mgmt
		of Capital without Preemptive Rights
05/05/09 - A	Danaher Corp. *DHR*		235851102			03/09/09		105
	1	Elect Directors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 45

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
	4	Adopt Employment Contract		Against	Against		ShrHoldr
		Valid intent but drafted in an overly restrictive
		manner.
	5	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Management has responded meaningfully; stock
		retention guidelines are already in place and comp
		committee should have some lattitude to establish
		appropriate levels.
	6	Report on Mercury Product Policies		Against	Against		ShrHoldr
		Management has responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will improve shareholder returns.
04/23/09 -	Danone		F12033134			04/20/09		94
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.20 per Share
	4	Approve Stock Dividend Program		For	For		Mgmt
	5	Approve Auditors' Special Report		For	Against		Mgmt
		Regarding Related-Party Transactions
		Although the conditions attached to the ongoing
		severance payments transaction (relating to their
		corporate officers mandates) are stringent and
		measurable, the amount Franck Riboud, Jacques
		Vincent, Emmanuel Faber, and Bernard Hours may
		benefit from, added to the amount they may benefit
		from the collective bargaining agreement which
		applies to Groupe Danone's employee in the event
		that they would also be dismissed, may exceed twice
		the remuneration they received for the last ended
		fiscal year. Moreover, Emmanuel Faber and Bernard
		Hours may benefit from a non-compete clause, the
		amount of which would be added the preceding
		amount. Therefore, this resolution does not warrant
		support.
	6	Reelect Richard Goblet d'Alviella as		For	Against		Mgmt
		Director
		For this market, if the proposed board does not
		consist of a majority of independent directors, the
		election or reelection of any non-independent director
		(except the CEO) is not recommended. At Groupe
Mgmt Rec - Company Management Recommended Vote								Page 46

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Danone, if all the elections proposed at this general
		meeting were approved, only 43 percent of the board
		of directors would be independent. Therefore, as
		Christian Laubie is not independent, his reelection
		does not merit support (item 7). As Jean Laurent,
		Hakan Mogren, Benoît Potier, and Guylaine
		Saucier are independent, their (re)elections are
		recommended (items 8, 9, 10, and
		11). Moreover, at this meeting, one of the
		nominees proposed for reelection, Richard Goblet
		d'Alviella, is an executive corporate officer (CEO of
		Sofina SA) and holds more than three directorships
		in listed companies outside the group (Groupe
		Danone SA, Delhaize Groupe, Caledonia
		Investments, and Eurazeo). Therefore, the reelection
		of this candidate does not warrant support (item 6).
	7	Reelect Christian Laubie as Director		For	Against		Mgmt
	8	Reelect Jean Laurent as Director		For	For		Mgmt
	9	Reelect Hakan Mogren as Director		For	For		Mgmt
	10	Reelect Benoit Potier as Director		For	For		Mgmt
	11	Elect Guylaine Saucier as Director		For	For		Mgmt
	12	Approve Remuneration of Directors in		For	For		Mgmt
		the Aggregate Amount of EUR 600,000
	13	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		As the share repurchase program cannot be
		continued during a takeover period, provided that the
		reciprocity principle applies, shareholders are
		advised to support the resolution.
	14	Approve Creation of Danone Eco-		For	For		Mgmt
		Systeme Fund
		Special Business
	15	Change Company Name to Danone		For	For		Mgmt
	16	Amend Article 7 of Bylaws Re:		For	For		Mgmt
		Delegation of Power in Case of Share
		Capital Increase
	17	Amend Articles 10 of Association Re:		For	For		Mgmt
		Shareholders Identification
	18	Amend Article 18 of Bylaws Re:		For	For		Mgmt
		Attendance to Board Meetings Through
		Videoconference and
		Telecommunication
	19	Amend Article 22 of Bylaws Re: Record		For	For		Mgmt
		Date
	20	Amend Article 26 of Bylaws Re:		For	For		Mgmt
		Electronic Voting
	21	Amend Article 27 of Bylaws Re:		For	For		Mgmt
		Delegation of Powers to the Board for
		the Issuance of Bonds
	22	Amend Articles 27 and 28 of		For	For		Mgmt
		Association Re: Quorum Requirements
Mgmt Rec - Company Management Recommended Vote								Page 47

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		for Ordinary and Extraordinary General
		Meetings
	23	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 45 Million
		+ Capital increase with preemptive rights: The
		potential capital increase with preemptive rights,
		under item 23, amounts to EUR 45 million, which
		represents 35 percent of issued share
		capital. The authorization is deemed acceptable
		for issuances with preemptive rights. + Capital
		increase without preemptive rights: Considering
		that the company provides under item 24 a binding
		priority right for existing shareholders to subscribe to
		the capital increase, our guideline for issuances
		without preemptive rights is 50 percent. Therefore, a
		potential capital increase of EUR 30 million (23.36
		percent of issued capital) is deemed acceptable for
		general requests to issue capital without preemptive
		rights with a binding priority right. Given their
		reasonable level of dilution, items 26 and 27 merit
		shareholders' support as well.
	24	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 30 Million
	25	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegations Submitted to
		Shareholder Vote Above
		The amount requested under this item would not
		exceed the limit set for issuances with preemptive
		rights under item 23 nor the limit set for issuances
		that do not respect preemptive rights under item 24.
		Therefore, the additional potential capital increases
		are deemed acceptable.
	26	Authorize Capital Increase of Up to		For	For		Mgmt
		EUR 25 Million for Future Exchange
		Offers
	27	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	28	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 33 Million for Bonus Issue
		or Increase in Par Value
		Dilution is not a problem when capital is increased
		using these scenarios, as this would merely transfer
		wealth to shareholders.
	29	Approve Employee Stock Purchase		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 48

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Plan
		The potential dilution being acceptable, this proposal
		merits support.
	30	Authorize up to 6 Million Shares for Use		For	For		Mgmt
		in Stock Option Plan
	31	Authorize up to 2 Million Shares for Use		For	Against		Mgmt
		in Restricted Stock Plan
		Currently, there is no restricted stock plan at Groupe
		Danone. The volume proposed is not excessive and
		the company undertakes, in its 2008 registration
		document, to take into account the completion of the
		group targets and the performance of the group at
		the moment of the granting. However, the current
		absence of information on performance criteria
		(nature and target) warrants opposition to this
		proposal.
	32	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
		The amount of capital that may be cancelled is
		limited to 10 percent in any 24-month period.
	33	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/27/09 - A	Delta Petroleum Corp.		247907207			04/20/09		303
	*DPTR*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Roger A. Parker --- For
	1.2	Elect Director John R. Wallace --- For
	1.3	Elect Director Hank Brown --- For
	1.4	Elect Director Kevin R. Collins ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.5	Elect Director Jerrie F. Eckelberger ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.6	Elect Director Aleron H. Larson, Jr. ---
		For
Mgmt Rec - Company Management Recommended Vote								Page 49

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.7	Elect Director Russell S. Lewis ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.8	Elect Director James J. Murren ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.9	Elect Director Jordan R. Smith ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.10	Elect Director Daniel J. Taylor --- For
	1.11	Elect Director James B. Wallace --- For
	1.12	Elect Director Anthony Mandekic --- For
	1.13	Elect Director Jean-Michel Fonck ---
		For
	2	Ratify Auditors		For	For		Mgmt
05/26/09 - A	Deutsche Bank AG		D18190898			None		102
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify KPMG AG as Auditors for Fiscal		For	For		Mgmt
		2009
	6	Authorize Repurchase of Up to Five		For	For		Mgmt
		Percent of Issued Share Capital for
		Trading Purposes
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
Mgmt Rec - Company Management Recommended Vote								Page 50

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Repurchased Shares
	8	Amend Articles Re: Registration for the		For	For		Mgmt
		General Meeting
	9	Amend Articles Re: Electronic Media		For	For		Mgmt
		Transmission of Annual Meeting due to
		New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
	10	Approve Creation of EUR 128 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	11	Approve Creation of EUR 176.6 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	12	Approve Creation of EUR 314.9 Million		For	For		Mgmt
		Pool of Capital with Preemptive Rights
	13	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 9
		Billion; Approve Creation of EUR 256
		Million Pool of Capital to Guarantee
		Conversion Rights
04/21/09 - A	Deutsche Post AG		D19225107			None		210
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.60 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
	6	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Authorize Use of Financial Derivatives		For	For		Mgmt
		when Repurchasing Shares
	8	Approve Creation of EUR 240 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	9a	Elect Ulrich Schroeder to the		For	For		Mgmt
		Supervisory Board
	9b	Elect Henning Kagermann to the		For	For		Mgmt
		Supervisory Board
	9c	Elect Stefan Schulte to the Supervisory		For	For		Mgmt
		Board
	10	Amend Articles Re: Proxy Voting and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 51

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Location of General Meeting
04/30/09 - A	Deutsche Telekom AG		D2035M136			None		489
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.78 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Postponement of Discharge		For	For		Mgmt
		for Former Supervisory Board Member
		Klaus Zumwinkel for Fiscal 2008
	5	Approve Discharge of Supervisory		For	For		Mgmt
		Board Members, Excluding Klaus
		Zumwinkel, for Fiscal 2008
	6	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Elect Joerg Asmussen to the		For	For		Mgmt
		Supervisory Board
	9	Elect Ulrich Schroeder to the		For	For		Mgmt
		Supervisory Board
	10	Approve Affiliation Agreements with		For	For		Mgmt
		Subsidiary Interactive Media CCSP
		GmbH
	11	Approve Creation of EUR 2.2 Billion		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	12	Approve Creation of EUR 38.4 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	13	Amend Articles Re: Audio/Video		For	For		Mgmt
		Transmission of Annual Meeting due to
		New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
	14	Amend Articles Re: Attestation of		For	For		Mgmt
		Shareholding and Voting Rights
		Representation at Annual Meeting due
		to New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
04/28/09 - A	Digital Realty Trust Inc.		253868103			03/03/09		134
	*DLR*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 52

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/29/09 - A	E.I. Du Pont De Nemours &		263534109			03/04/09		328
	Co. *DD*
	1	Elect Director Samuel W. Bodman		For	For		Mgmt
	2	Elect Director Richard H. Brown		For	For		Mgmt
	3	Elect Director Robert A. Brown		For	For		Mgmt
	4	Elect Director Bertrand P. Collomb		For	For		Mgmt
	5	Elect Director Curtis J. Crawford		For	For		Mgmt
	6	Elect Director Alexander M. Cutler		For	For		Mgmt
	7	Elect Director John T. Dillon		For	For		Mgmt
	8	Elect Director Eleuthere I. Du Pont		For	For		Mgmt
	9	Elect Director Marillyn Hewson		For	For		Mgmt
	10	Elect Director Charles O. Holliday, Jr.		For	For		Mgmt
	11	Elect Director Lois D. Juliber		For	For		Mgmt
	12	Elect Director Ellen J. Kullman		For	For		Mgmt
	13	Elect Director William K. Reily		For	For		Mgmt
	14	Ratify Auditors		For	For		Mgmt
	15	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior non-binding shareholder
		ratification of exec comp proposals supported by
		PPC.
05/06/09 - A	E.ON AG (formerly Veba AG)		D24914133			None		413
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Elect Jens Heyerdahl to the		For	For		Mgmt
		Supervisory Board
	6a	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
	6b	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for the Inspection of the
		Abbreviated Financial Statements for
		the First Half of Fiscal 2009
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares; Authorize Use of
		Financial Derivatives When
		Repurchasing Shares
	8	Approve Creation of EUR 460 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
Mgmt Rec - Company Management Recommended Vote								Page 53

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	9a	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 5
		Billion; Approve Creation of EUR 175
		Million Pool of Capital to Guarantee
		Conversion Rights
	9b	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 5
		Billion; Approve Creation of EUR 175
		Million Pool of Capital to Guarantee
		Conversion Rights
	10	Amend Corporate Purpose		For	For		Mgmt
	11a	Amend Articles Re: Audio and Video		For	For		Mgmt
		Transmission at Annual Meeting due to
		New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
	11b	Amend Articles Re: Voting Rights		For	For		Mgmt
		Representation at Annual Meeting due
		to New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
	11c	Amend Articles Re: Convocation of		For	For		Mgmt
		Annual Meeting due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
	12	Approve Affiliation Agreement with		For	For		Mgmt
		E.ON Einundzwanzigste Verwaltungs
		GmbH
	13	Approve Affiliation Agreement with		For	For		Mgmt
		E.ON Zweiundzwanzigste Verwaltungs
		GmbH
06/23/09 - A	East Japan Railway Co		J1257M109			03/31/09		44
	*9020*
		Management Proposals
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JPY 55
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
Mgmt Rec - Company Management Recommended Vote								Page 54

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		monitor of the company's activities on behalf of all
		shareholders.
	4.2	Appoint Statutory Auditor		For	For		Mgmt
	5	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
		Shareholder Proposals
	6	Amend Articles to Allow Shareholder		Against	Against		ShrHoldr
		Meeting Agenda to Include Compliance
		Related Resolutions
		We do not believe that turning the annual
		shareholder meeting into a forum for the airing of
		grievances -- many of which date back to the
		company's formation more than 20 years ago when
		the former Japan National Railway (JNR) was broken
		up and privatized -- will benefit portfolio investors in
		the company who are primarily concerned with
		shareholder returns. Moreover, we are skeptical of
		the labor activists' objectivity in this debate, and
		regard policy decisions of this type as appropriate to
		be determined by management with board oversight,
		until and unless evidence emerges that management
		or the board is not acting in the best interests of
		shareholders. We recommend a vote against this
		proposal.
	7	Amend Articles to Form Committee on		Against	Against		ShrHoldr
		Compliance
		We are skeptical of the labor activists' objectivity in
		this debate. While management itself admits lapses
		in compliance in specific cases, it also appears that it
		acknowledges a need for appropriate consideration
		of measures to prevent recurrence. We regard policy
		decisions of this type as appropriate to be
		determined by management with board oversight,
		until and unless evidence emerges that management
		or the board is not acting in the best interests of
		shareholders. We recommend a vote against this
		proposal.
	8	Amend Articles to Require Disclosure		Against	For		ShrHoldr
		of Individual Director Compensation
		Levels
		RMG has consistently supported proposals of this
		type for several years, as we believe that
		shareholders ought to have the right to know how
		their representatives are being compensated, and
		that disclosure of aggregate levels only does not
		promote individual accountability. That is particularly
		true in the case of East Japan Railway, because the
		25-member board of directors is large even by
		Japanese standards. Moreover, we note that the
		current monthly compensation ceiling dates to 1993,
Mgmt Rec - Company Management Recommended Vote								Page 55

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		prior to the company's listing on the Tokyo Stock
		Exchange, so it is somewhat misleading for the
		company to argue that shareholders have had an
		opportunity to vote on it. Although we recognize that
		the sponsors of this proposal are likely not motivated
		primarily by a commitment to transparency in support
		of shareholder value (the proponents are widely seen
		as a labor union faction allied with Japan's
		Communist Party), we believe that the information
		sought in the proposal will in fact benefit ordinary
		investors. Management has presented
		interesting arguments in meetings with RMG that
		acknowledge that proposals such as this might be
		reasonable in isolation, but stress political reasons
		that shareholders would be advised not to give them
		any victories. These spokespeople argue that the
		labor union faction's agenda is to cast doubt on the
		considerable progress East Japan Railway has made
		in compliance and other areas since privatization,
		and, to somehow turn back the clock and encourage
		a larger national government role or even re-
		nationalization. The proponents' literature certainly
		taps into popular discontent with market reforms
		under a former prime minister, Junichiro Koizumi
		(known for privatizing the post office and its massive
		Postal Savings banking system), and a popular
		tendency to blame　America-based "market
		fundamentalism" for the current global economic
		crisis. Lapses aside, the firm does not appear to
		have a bad reputation in compliance overall, and,
		risking faint praise, the firm is far more efficient than
		was the old Japan National Railway
		system. However, we are skeptical of the
		implication that such a group's ability to gain
		significant support on any resolution somehow
		legitimizes other parts of their message. On the
		contrary, we believe that explicitly taking a
		shareholder-value, content-based, approach to their
		proposals risks little. It might encourage them to
		circulate more shareholder-friendly proposals
		unrelated to their ostensible agenda in the future, but
		winning support only on these proposals hardly
		seems to offer them potential momentum on issues
		such as re-hiring of workers laid off twenty years ago,
		or re-nationalization of railroads, much less an old-
		guard communist agenda. Because we believe the
		proposed amendment will improve the flow of useful,
		relevant information to shareholders, and may
		enhance the company's overall reputation for
		transparency and accountability, we recommend
		support for this resolution.
Mgmt Rec - Company Management Recommended Vote								Page 56

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	9	Amend Articles to Require At Least		Against	For		ShrHoldr
		20% Non-Executive Board of Directors
		RMG encourages nomination of non-executive
		directors able to exercise highly independent
		oversight of management, and we agree with the
		substantial global consensus among institutional
		investors that Japanese boards suffer from excessive
		domination by executive insiders. Although placing a
		minimum quota in the articles of association runs the
		risk of encouraging a legalistic mindset, and may
		perpetuate the reluctance to go any further toward
		the goal of meaningful independent board oversight,
		20 percent is far below the majority that most
		institutions favor, and the step could help convey the
		message that shareholders do favor more
		independent oversight.
	10	mend Articles to Clarify Roles of		Against	Against		ShrHoldr
		Advisors and to Create Board
		Committees on Labor Relations and on
		Safety
		RMG is concerned about the safety concerns raised
		about the firm, but we are skeptical that shareholder-
		mandated board committees without management
		support could do much to help advance safety, labor
		relations or shareholder value. The complex
		business of nurturing improvement in labor relations
		and a railroad's safety record are appropriate to be
		determined by management with board oversight,
		until and unless evidence emerges that management
		or the board is not acting in the best interests of
		shareholders. We recommend a vote against this
		proposal.
	11.1	Remove Chairman Mutsutake Ohtsuka		Against	Against		ShrHoldr
		from Board
		We are skeptical of the labor activists' agenda, and
		not convinced that possible lapses in judgment in the
		past were not isolated instances, or that they betray
		a systematic or sustained disregard for the
		company's interests. Moreover, the proponents'
		proposed replacements do not appear much better
		qualified to oversee management in the interest of
		shareholder interests and long-term corporate
		survival (see Item 12). Like the vast majority of
		Japanese firms, this board is too management-
		dominated to exercise the sort of oversight that could
		avert future management risks, but the proposed
		ousters do not appear to offer an effective remedy.
		RMG recommends votes against these eight
		proposed ousters.
	11.2	Remove President Satoshi Seino from		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 57

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board
	11.3	Remove Vice President Masaki Ogata		Against	Against		ShrHoldr
		from Board
	11.4	Remove Director Hiroyuki Nakamura		Against	Against		ShrHoldr
		from Board
	11.5	Remove Director Tohru Owada from		Against	Against		ShrHoldr
		Board
	11.6	Remove Director Seiichiro Oi from		Against	Against		ShrHoldr
		Board
	11.7	Remove Director Yuji Fukazawa from		Against	Against		ShrHoldr
		Board
	11.8	Remove Director Yuji Morimoto from		Against	Against		ShrHoldr
		Board
	12.1	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
		The nominees have backgrounds as academics and
		labor activists, but not as corporate managers. The
		fifth nominee is a former employee of what was then
		Japan National Railway, but otherwise none of the
		nominees has experience in the railway industry.
		RMG does not believe that any of the nominees will
		be able to make a positive contribution to the
		deliberations of the board, on behalf of ordinary
		investors, given that the purpose of their appointment
		would be to battle incumbent management. We
		recommend that shareholders oppose these
		nominations.
	12.2	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
	12.3	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
	12.4	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
	12.5	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
	13	Cut Director Compensation by 20		Against	Against		ShrHoldr
		Percent
		We do not see a coherent case to mandate a pay
		cut, and recommend a vote against this item.
	14	Approve Alternate Income Allocation to		Against	Against		ShrHoldr
		Establish Reserve for Reemployment of
		Former JNR Employees
		We do not believe it is appropriate to ask the
		company's 280,000 shareholders to sacrifice their
		final dividend for the (potential) benefit of a limited
		number of stakeholders, and we recommend that
		shareholders oppose this resolution.
	15	Approve Alternate Income Allocation to		Against	Against		ShrHoldr
		Establish Reserve for Consolidation of
		Local Rail Lines
Mgmt Rec - Company Management Recommended Vote								Page 58

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		The proponents present no financial justification for
		such assistance, and management asserts that the
		move is not justifiable from the standpoint of
		shareholder value. We find management's assertion
		that their proposal would not help shareholder value
		to be highly convincing. While voters may legitimately
		decide to allocate taxpayer resources to such a
		purpose, we see no justification to use East Japan
		Railway shareholder assets in this way. We cannot
		support this item.
04/29/09 - A	eBay Inc. *EBAY*		278642103			03/04/09		549
	1	Elect Directors		For	For		Mgmt
	2	Approve Stock Option Exchange		For	For		Mgmt
		Program
		Value enhancing to shareholders; excludes execs
		and non-employee directors.
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
06/09/09 - A	eHealth Inc *EHTH*		28238P109			04/17/09		273
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
		Executive officers will receive cash.
05/06/09 - A	EMC Corporation *EMC*		268648102			03/05/09		947
	1	Elect Director Michael W. Brown		For	For		Mgmt
	2	Elect Director Randolph L. Cowen		For	For		Mgmt
	3	Elect Director Michael J. Cronin		For	For		Mgmt
	4	Elect Director Gail Deegan		For	For		Mgmt
	5	Elect Director John R. Egan		For	For		Mgmt
	6	Elect Director W. Paul Fitzgerald		For	For		Mgmt
	7	Elect Director Edmund F. Kelly		For	For		Mgmt
	8	Elect Director Windle B. Priem		For	For		Mgmt
	9	Elect Director Paul Sagan		For	For		Mgmt
	10	Elect Director David N. Strohm		For	For		Mgmt
	11	Elect Director Joseph M. Tucci		For	For		Mgmt
	12	Ratify Auditors		For	For		Mgmt
	13	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	14	Permit Right to Call Special Meeting		For	For		Mgmt
		Currently 85%; will change to 40% for special
		meeting; currently written consent requires 100%.
	15	Advisory Vote to Ratify Named		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 59

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Executive Officers' Compensation
		Non-binding shareholder ratification of exec comp
		disclosed in proxy.
06/16/09 - A	Emcor Group, Inc. *EME*		29084Q100			04/20/09		144
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/28/09 - A	Encore Acquisition Company		29255W100			03/11/09		115
	*EAC*
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director I. Jon Brumley ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.2	Elect Director Jon S. Brumley ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.3	Elect Director John A. Bailey ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.4	Elect Director Martin C. Bowen ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.5	Elect Director Ted Collins, Jr. ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.6	Elect Director Ted A. Gardner ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.7	Elect Director John V. Genova ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.8	Elect Director James A. Winne III ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 60

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/29/09 -	ENEL SpA		T3679P115			None		987
A/S
		Ordinary Business
	1	Accept Financial Statements,		For	For		Mgmt
		Consolidated Financial Statements,
		and Statutory Reports
	2	Approve Allocation of Income		For	For		Mgmt
		Special Business
	1	Approve Capital Increase In The		For	For		Mgmt
		Maximum Amount of EUR 8 Billion With
		Preemptive Rights
04/30/09 - A	Eni Spa		T3643A145			None		546
		Ordinary Business
	1	Accept Financial Statements,		For	For		Mgmt
		Consolidated Financial Statements,
		and Statutory Reports
	2	Approve Allocation of Income		For	For		Mgmt
06/09/09 - A	Equinix, Inc. *EQIX*		29444U502			04/20/09		69
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Equity One, Inc. *EQY*		294752100			03/16/09		243
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Noam Ben-Ozer --- For
	1.2	Elect Director James S. Cassel --- For
	1.3	Elect Director Cynthia R. Cohen --- For
	1.4	Elect Director Neil Flanzraich ---
		Withhold
		Sits on 6 boards.
	1.5	Elect Director Nathan Hetz --- For
	1.6	Elect Director Chaim Katzman --- For
	1.7	Elect Director Peter Linneman --- For
	1.8	Elect Director Jeffrey S. Olson --- For
	1.9	Elect Director Dori Segal --- For
	2	Ratify Auditors		For	For		Mgmt
04/28/09 - A	Exelon Corporation *EXC*		30161N101			03/02/09		193
	1	Elect Directors		For	For		Mgmt
	2	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	3	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 61

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Report on Global Warming		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence of non-
		compliance with current law or that proposal would
		results in inmproved shareholder returns.
04/30/09 - A	Exterran Holdings, Inc. *EXH* 30225X103					03/05/09		144
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 7.85% exceeds allowable cap of
		7.31%.
05/27/09 - A	Exxon Mobil Corp. *XOM*		30231G102			04/06/09		2,014
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Provide for Cumulative Voting		Against	Against		ShrHoldr
	4	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
		Shareholders may not act by written consent
		Shareholders may not call special meetings
	5	Reincorporate in Another State [from		Against	Against		ShrHoldr
		New Jersey to North Dakota]
		Management responded meaningfully and can
		accomplish proponent’s goals without incurring
		expense of reincorporation.
	6	Require Independent Board Chairman		Against	Against		ShrHoldr
		Independent lead director in place.
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
	8	Compare CEO Compensation to		Against	Against		ShrHoldr
		Average U.S. per Capita Income
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	9	Review Anti-discrimination Policy on		Against	Against		ShrHoldr
		Corporate Sponsorships and Executive
		Perks
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	10	Amend EEO Policy to Prohibit		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 62

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Discrimination based on Sexual
		Orientation and Gender Identity
		Current policies appear to address the
		proposal’s intent. Management responded
		meaningfully; no evidence of non-compliance with
		current law or that proposal will result in improved
		shareholder returns.
	11	Adopt Quantitative GHG Goals for		Against	Against		ShrHoldr
		Products and Operations
		Company appears to be addressing proponents
		issues though it may have different views on certain
		solutions. Management responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will result in improved shareholder returns.
	12	Report on Climate Change Impacts on		Against	Against		ShrHoldr
		Emerging Countries
		Restrictive to management; more effectively
		addressed by appropriate scientific disciplines and
		government agencies. Management responded
		meaningfully; no evidence of non-compliance with
		current law or that proposal will result in improved
		shareholder returns.
	13	Adopt Policy to Increase Renewable		Against	Against		ShrHoldr
		Energy
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/21/09 - A	Fifth Third Bancorp *FITB*		316773100			02/27/09		723
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Darryl F. Allen --- For
	1.2	Elect Director John F. Barrett --- For
	1.3	Elect Director Ulysses L. Bridgeman,
		Jr. --- For
	1.4	Elect Director James P. Hackett --- For
	1.5	Elect Director Gary R. Heminger ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.6	Elect Director Kevin T. Kabat --- For
	1.7	Elect Director Mitchel D. Livingston ---
		For
	1.8	Elect Director Hendrik G. Meijer ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
Mgmt Rec - Company Management Recommended Vote								Page 63

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.9	Elect Director John J. Schiff, Jr. --- For
	1.10	Elect Director Dudley S. Taft --- For
	1.11	Elect Director Thomas W. Traylor ---
		For
	1.12	Elect Director Marsha C. Williams ---
		For
	2	Amend Articles of Incorporation		For	Against		Mgmt
		Blank check preferred without clear business need.
	3	Amend Nonqualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
	5	Advisory Vote on Executive		For	Against		Mgmt
		Compensation
		Pay/performance disconnect and poor pay practices.
	6	Prepare Sustainability Report		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in imprved shareholder returns.
	7	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
	8	Hire Advisor/Maximize Shareholder		Against	Against		ShrHoldr
		Value
		Management has taken appropriate steps in current
		market; merger activity is limited and best price may
		not be readily obtainable.
05/01/09 - A	FLIR Systems, Inc. *FLIR*		302445101			02/27/09		252
	1	Elect Directors		For	For		Mgmt
	2	Approve Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
		All employees can purchase shares at 85% of F.M.V.
	3	Ratify Auditors		For	For		Mgmt
06/11/09 - A	Flotek Industries, Inc *FTK*		343389102			04/20/09		335
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/05/09 - A	Flowers Foods, Inc. *FLO*		343498101			04/03/09		192
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Joe E. Beverly ---
		Withhold
		Failure to remove dead hand/slow hand provision
		from poison pill.
	1.2	Elect Director Amos R. McMullian ---
Mgmt Rec - Company Management Recommended Vote								Page 64

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Withhold
		Failure to remove dead hand/slow hand provision
		from poison pill.
	1.3	Elect Director J.V. Shields, Jr. ---
		Withhold
		Failure to remove dead hand/slow hand provision
		from poison pill.
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Ratify Auditors		For	For		Mgmt
04/08/09 - S	Fortis SA/NV		B4399L102			None		654
		Special Meeting (Utrecht, the
		Netherlands)
	1	Open Meeting		None	None		Mgmt
	2	Withdrawn Item: Approve the Proposed		None	None		Mgmt
		Transactions Between Fortis SA/NV,
		BNP Paribas S.A., the Belgian State,
		and Related Parties, as Laid Down in
		the Shareholder Circular
	3	Elect Directors		None	None		Mgmt
	4.1.	Amend Articles Re: Change of		For	For		Mgmt
		Company's Registered Seat to Utrecht,
		Decrease of Registered Capital and
		Deletion of References to Preference
		Shares, Reduction of Maximum
		Number of Directors to 11 and
		Introduction of Limited Indemnification
		for Directors
	4.2.	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
	5	Close Meeting		None	None		Mgmt
04/09/09 - S	Fortis SA/NV		B4399L102			None		654
		Special Meeting (Brussels, Belgium)
	1	Open Meeting		None	None		Mgmt
	2	Withdrawn Item: Approve the Proposed		None	None		Mgmt
		Transactions Between Fortis SA/NV,
		BNP Paribas S.A., the Belgian State,
		and Related Parties, as Laid Down in
		the Shareholder Circular
	3	Elect Directors		None	None		Mgmt
	4.1.	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	4.2.	Authorize Disposal of, Including		For	For		Mgmt
		Reissuance, of Repurchased Shares
	5.1.1	Approve Reduction in Share Capital to		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 65

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Set Off Losses for Fiscal Year 2008
	5.1.2	Approve Reduction in Share Capital,		For	For		Mgmt
		Book Corresponding Amount Under
		'Reserves Available for Distribution',
		and Amend Articles Accordingly
	5.2.1	Receive Special Board Report		None	None		Mgmt
	5.2.2	Authorize Issuance of Equity With or		For	For		Mgmt
		Without Preemptive Rights and Amend
		Articles Accordingly
	5.3	Amend Articles Re: Decrease		For	For		Mgmt
		Maximum Number of Directors
	6	Close Meeting		None	None		Mgmt
04/28/09 -	Fortis SA/NV		B4399L102			None		654
A/S
		Annual/Special Meeting of Fortis
		SA/NV
	1	Open Meeting		None	None		Mgmt
	2	Approve the Proposed Transactions		For	For		Mgmt
		Between Fortis SA/NV, BNP Paribas
		S.A., the Belgian State, and Related
		Parties, as Laid Down in the
		Shareholder Circular
	3.1.1	Receive Directors' Report (Non-Voting)		None	None		Mgmt
	3.1.2	Receive Consolidated Financial		None	None		Mgmt
		Statements and Statutory Reports
	3.1.3	Accept Financial Statements		For	For		Mgmt
	3.1.4	Approve Allocation of Income		For	For		Mgmt
	3.2	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	3.3.1	Approve Discharge of Directors		For	Against		Mgmt
		Given the vagueness of the remuneration policy,
		and, more even crucially, because of the defective
		communication of the company, there are serious
		concerns about actions of the board for the year
		2008. Therefore, refusal to grant discharge to the
		board for the past fiscal year is warranted.
	3.3.2	Approve Discharge of Auditors		For	For		Mgmt
	4	Discussion on Company's Corporate		None	None		Mgmt
		Governance Structure
	5	Elect Directors		For	For		Mgmt
	6.1	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	6.2	Authorize Disposal of, Including		For	For		Mgmt
		Reissuance, of Repurchased Shares
	7.1.1	Approve Reduction in Share Capital to		For	For		Mgmt
		Set Off Losses for Fiscal Year 2008
	7.1.2	Approve Reduction in Share Capital,		For	For		Mgmt
		Book Corresponding Amount Under
		'Reserves Available for Distribution',
Mgmt Rec - Company Management Recommended Vote								Page 66

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		and Amend Articles Accordingly
	7.2.1	Receive Special Board Report		None	None		Mgmt
	7.2.2	Authorize Issuance of Equity With or		For	For		Mgmt
		Without Preemptive Rights and Amend
		Articles Accordingly
	7.3	Fix Maximum Number of Directors at		For	For		Mgmt
		11
	8	Close Meeting		None	None		Mgmt
04/29/09 -	Fortis SA/NV		B4399L102			None		654
A/S
		Annual/Special Meeting of Fortis NV
	1	Open Meeting		None	None		Mgmt
	2	Approve the Proposed Transactions		For	For		Mgmt
		Between Fortis SA/NV, BNP Paribas
		S.A., the Belgian State, and Related
		Parties, as Laid Down in the
		Shareholder Circular
	3.1.1	Receive Directors' Report (Non-Voting)		None	None		Mgmt
	3.1.2	Receive Consolidated Financial		None	None		Mgmt
		Statements and Statutory Reports
	3.1.3	Accept Financial Statements		For	For		Mgmt
	3.2	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	3.3	Approve Discharge of Directors		For	Against		Mgmt
		Given the vagueness of the remuneration policy,
		and, more crucially even, because of the defective
		communication of the company, we consider there
		are serious concerns about actions of the board for
		the year 2008. Therefore, refusual to grant discharge
		to the board for the past fiscal year is warranted.
	4	Discussion on Company's Corporate		None	None		Mgmt
		Governance Structure
	5	Elect Directors		For	For		Mgmt
	6.1	Amend Articles Re: Amend Authorized		For	For		Mgmt
		Capital and Delete Preference Shares
	6.2	Amend Articles Re: Change of		For	For		Mgmt
		Company's Registered Seat to Utrecht
	6.3	Amend Articles Re: Body Authorized to		For	For		Mgmt
		Issue Shares Without Preemptive
		Rights
		General capital increases without preemptive rights
		should be no more than 20 percent of the existing
		outstanding share capital. Approval of this proposal
		would authorize the management board to issue
		shares equivalent to 24 percent of currently issued
		share capital without preemptive rights. Since the
		proposal exceeds guidelines, this proposal warrants
		a vote against.
Mgmt Rec - Company Management Recommended Vote								Page 67

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6.4	Fix Maximum Number of Directors at		For	For		Mgmt
		11
	6.5	Amend Articles Re: Introduction of		For	For		Mgmt
		Limited Indemnification for Directors
	6.6	Amend Articles Re: Annual General		For	For		Mgmt
		Meeting
	6.7	Authorize Coordination of Articles		For	For		Mgmt
	7	Close Meeting		None	None		Mgmt
05/20/09 - A	Fossil, Inc. *FOSL*		349882100			03/27/09		135
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/06/09 - A	Foster Wheeler AG *FWLT*		H27178104			03/09/09		301
		This is a duplicate meeting for
		ballots received via the Broadridge
		North American ballot distribution
		system
	1	ELECTION OF DIRECTOR: ROBERT		For	For		Mgmt
		C. FLEXON
	2	ELECTION OF DIRECTOR:		For	For		Mgmt
		MAUREEN B. TART-BEZER
	3	ELECTION OF DIRECTOR: JAMES D.		For	For		Mgmt
		WOODS
	4	RE-ELECTION OF		For	For		Mgmt
		PRICEWATERHOUSECOOPERS AG,
		SWITZERLAND, AS
		OURINDEPENDENT AUDITOR (
		REVISIONSSTELLE ) FOR 2009
	5	RATIFICATION OF THE		For	For		Mgmt
		APPOINTMENT OF
		PRICEWATERHOUSECOOPERS LLP
		ASOUR INDEPENDENT
		REGISTERED PUBLIC ACCOUNTING
		FIRM FOR 2009(CONSULTATIVE
		VOTE)
	6	IN THE EVENT		For	Abstain		Mgmt
		COUNTERPROPOSALS,
		ALTERATIONS OR AMENDMENTS
		OF THEAGENDA ITEMS OR OTHER
		MATTERS ARE RAISED AT THE
		ANNUAL GENERALMEETING, I
		INSTRUCT THE APPOINTED
		PROXIES TO VOTE AS FOLLOWS
05/26/09 -	France Telecom		F4113C103			05/21/09		315
A/S
		Ordinary Business
Mgmt Rec - Company Management Recommended Vote								Page 68

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1	Approve Financial Statements and		For	For		Mgmt
		Discharge Directors
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.40 per Share
	4	Approve Auditors' Special Report		For	Against		Mgmt
		Regarding Related-Party Transactions
		Given the absence of full disclosure with regard to
		the performance criteria applying to Didier Lombard's
		bonus, it is not possible to consider the performance
		conditions attached to these severance payments
		sufficiently challenging. As a result, this item
		does not merit support.
	5	Renew Appointment of Ernst and		For	For		Mgmt
		Young Audit as Auditor
	6	Renew Appointment of Auditex as		For	For		Mgmt
		Alternate Auditor
	7	Renew Appointment of Deloitte and		For	For		Mgmt
		Associes as Auditor
	8	Renew Appointment of BEAS as		For	For		Mgmt
		Alternate Auditor
	9	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	10	Amend Article 13 of Bylaws Re:		For	For		Mgmt
		Shareholding Requirements for
		Directors
	11	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 2 Billion
	12	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights, with the Possibility Not to Offer
		them to the Public, up to Aggregate
		Nominal Amount of EUR 1.5 Billion
	13	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	14	Authorize Capital Increase of Up to		For	For		Mgmt
		EUR 1.5 Billion for Future Exchange
		Offers
	15	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	16	Authorize Capital Increase of up to		For	For		Mgmt
		EUR 70 Million Reserved for Holders of
		Orange SA Stock Options or Shares in
		Connection with France Telecom
Mgmt Rec - Company Management Recommended Vote								Page 69

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Liquidity Agreement
	17	Authorize up to EUR 1 Million for		For	For		Mgmt
		Issuance of Free Option-Based
		Liquidity Instruments Reserved for
		Holders of Orange SA Stock Options
		Benefitting from a Liquidity Agreement
	18	Set Global Limit for Capital Increase to		For	For		Mgmt
		Result from All Issuance Requests at
		EUR 3.5 Billion
	19	Approve Issuance of Securities		For	For		Mgmt
		Convertible into Debt up to an
		Aggregate Amount of EUR 7 Billion
	20	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 2 Billion for Bonus Issue or
		Increase in Par Value
	21	Authorize up to 1 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock Plan
		The absence of information on forward-looking
		performance criteria and the volume in excess of
		recommended guidelines (5.23 percent) warrant
		opposition to this proposal.
	22	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	23	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	24	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
06/17/09 - A	Freds, Inc. *FRED*		356108100			05/01/09		373
	1	Elect Directors		For	Withhold		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
06/11/09 - A	Freeport-McMoRan Copper & 35671D857					04/14/09		150
	Gold Inc. *FCX*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Richard C. Adkerson ---
		For
	1.2	Elect Director Robert J. Allison, Jr. ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.3	Elect Director Robert A. Day --- For
	1.4	Elect Director Gerald J. Ford --- For
	1.5	Elect Director H. Devon Graham, Jr. ---
		Withhold
Mgmt Rec - Company Management Recommended Vote								Page 70

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Comp committee member during period			of
		pay/performance disconnect and poor/pay practices.
	1.6	Elect Director J. Bennett Johnston ---
		For
	1.7	Elect Director Charles C. Krulak ---
		Withhold
		Comp committee member during period			of
		pay/performance disconnect and poor/pay practices.
	1.8	Elect Director Bobby Lee Lackey ---
		Withhold
		Comp committee member during period			of
		pay/performance disconnect and poor/pay practices.
	1.9	Elect Director Jon C. Madonna --- For
	1.10	Elect Director Dustan E. McCoy --- For
	1.11	Elect Director Gabrielle K. McDonald ---
		For
	1.12	Elect Director James R. Moffett --- For
	1.13	Elect Director B.M. Rankin, Jr. --- For
	1.14	Elect Director J. Stapleton Roy --- For
	1.15	Elect Director Stephen H. Siegele ---
		For
	1.16	Elect Director J. Taylor Wharton --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Request Director Nominee		Against	Against		ShrHoldr
		Environmental Qualifications
		Management responded meaningfully; not likely to
		accomplish proponent’s goals.
04/29/09 - A	Fresh Del Monte Produce Inc. G36738105					02/27/09		129
	*FDP*
	1a	Elect Mohammad Abu-Ghazaleah as		For	For		Mgmt
		director
	1b	Elect Hani El-Naffy as director		For	For		Mgmt
	1c	Elect John H. Dalton as director		For	For		Mgmt
	2	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports (Voting)
	3	Ratify Ernst & Young LLP as Auditors		For	For		Mgmt
06/03/09 - A	FTI Consulting, Inc. *FCN*		302941109			03/30/09		118
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 11.33% is within allowable cap of
		11.35%.
Mgmt Rec - Company Management Recommended Vote								Page 71

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Ratify Auditors		For	For		Mgmt
05/21/09 - A	Fuel Tech, Inc. *FTEK*		359523107			03/24/09		236
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/05/09 - A	Gamco Investors Inc *GBL*		361438104			03/31/09		66
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/06/09 - A	General Dynamics Corp.		369550108			03/09/09		144
	*GD*
	1	Elect Director Nicholas D. Chabraja		For	For		Mgmt
	2	Elect Director James S. Crown		For	For		Mgmt
	3	Elect Director William P. Fricks		For	For		Mgmt
	4	Elect Director Jay L. Johnson		For	For		Mgmt
	5	Elect Director George A. Joulwan		For	For		Mgmt
	6	Elect Director Paul G. Kaminski		For	For		Mgmt
	7	Elect Director John M. Keane		For	For		Mgmt
	8	Elect Director Deborah J. Lucas		For	For		Mgmt
	9	Elect Director Lester L. Lyles		For	For		Mgmt
	10	Elect Director J. Christopher Reyes		For	For		Mgmt
	11	Elect Director Robert Walmsley		For	For		Mgmt
	12	Approve Omnibus Stock Plan		For	For		Mgmt
	13	Approve Nonqualified Employee Stock		For	For		Mgmt
		Purchase Plan
		Plan for UK employees; intended to comply with UK
		law; 85% discount.
	14	Ratify Auditors		For	For		Mgmt
	15	Report on Space-based Weapons		Against	Against		ShrHoldr
		Program
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	16	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
		Overly restrictive and not the best way to accomplish
		proponents goals.
04/22/09 - A	General Electric Co. *GE*		369604103			02/23/09		3,448
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director James I. Cash, Jr. --- For
	1.2	Elect Director William M. Castell --- For
Mgmt Rec - Company Management Recommended Vote								Page 72

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.3	Elect Director Ann M. Fudge --- For
	1.4	Elect Director Susan Hockfield --- For
	1.5	Elect Director Jeffrey R. Immelt --- For
	1.6	Elect Director Andrea Jung --- For
	1.7	Elect Director Alan G. (A.G.) Lafley ---
		For
		75% attendance one year (PPC guideline is withhold
		75% two years).
	1.8	Elect Director Robert W. Lane --- For
	1.9	Elect Director Ralph S. Larsen --- For
	1.10	Elect Director Rochelle B. Lazarus ---
		For
	1.11	Elect Director James J. Mulva --- For
	1.12	Elect Director Sam Nunn --- For
	1.13	Elect Director Roger S. Penske --- For
	1.14	Elect Director Robert J. Swieringa ---
		For
	1.15	Elect Director Douglas A. Warner III ---
		For
	2	Ratify Auditors		For	For		Mgmt
	3	Provide for Cumulative Voting		Against	Against		ShrHoldr
	4	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Same language as other proposals approved by
		PPC.
	5	Evaluate the Potential Conversion of		Against	Against		ShrHoldr
		the Corporation's Business Units into
		Four or More Public Corporations and
		Distribute New Shares
		No clear evidence that prposal will improve
		shareholder returns or improve stragetic oversight
		and management planning already in place.
	6	Adopt Policy to Cease the Payments of		Against	Against		ShrHoldr
		Dividends or Equivalent Payments to
		Senior Executives for Shares Not
		Owned
		Dividends are deemed earned prior to share payout.
	7	Submit Severance Agreement (Change		Against	Against		ShrHoldr
		in Control) to shareholder Vote
05/20/09 - A	GlaxoSmithKline plc		G3910J112			None		923
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Elect James Murdoch as Director		For	For		Mgmt
	4	Re-elect Larry Culp as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 73

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Re-elect Sir Crispin Davis as Director		For	For		Mgmt
	6	Re-elect Dr Moncef Slaoui as Director		For	For		Mgmt
	7	Re-elect Tom de Swaan as Director		For	For		Mgmt
	8	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	9	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	10	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Organisations
		Other than Political Parties up to GBP
		50,000 and to Incur EU Political
		Expenditure up to GBP 50,000
	11	Authorise Issue of Equity with Pre-		For	For		Mgmt
		emptive Rights Under a General
		Authority up to GBP 432,359,137 and
		an Additional Amount Pursuant to a
		Rights Issue of up to GBP 864,692,333
		After Deducting Any Securities Issued
		Under the General Authority
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 64,854,519
	13	Authorise 518,836,153 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	14	Approve the Exemption from Statement		For	For		Mgmt
		of the Name of the Senior Statutory
		Auditor in Published Copies of the
		Auditor's Reports
	15	Approve That a General Meeting of the		For	For		Mgmt
		Company Other Than an Annual
		General Meeting May Be Called on Not
		Less Than 14 Clear Days' Notice
	16	Approve GlaxoSmithKline 2009		For	For		Mgmt
		Performance Share Plan
	17	Approve GlaxoSmithKline 2009 Share		For	For		Mgmt
		Option Plan
	18	Approve GlaxoSmithKline 2009		For	For		Mgmt
		Deferred Annual Bonus Plan
05/07/09 - A	Google Inc *GOOG*		38259P508			03/10/09		123
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Eric Schmidt --- Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.2	Elect Director Sergey Brin --- Withhold
		Implemented options exchange without shareholder
Mgmt Rec - Company Management Recommended Vote								Page 74

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.3	Elect Director Larry Page --- Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.4	Elect Director L. John Doerr ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.5	Elect Director John L. Hennessy ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.6	Elect Director Arthur D. Levinson ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.7	Elect Director Ann Mather --- Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.8	Elect Director Paul S. Otellini ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.9	Elect Director K. Ram Shriram ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.10	Elect Director Shirley M. Tilghman ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
	4	Report on Political Contributions		For	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
Mgmt Rec - Company Management Recommended Vote								Page 75

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		will result in improved shareholder returns.
	5	Adopt Policies to Protect Freedom of		Against	Against		ShrHoldr
		Access to the Internet
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	6	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/22/09 - A	Greenhill & Co., Inc. *GHL*		395259104			03/03/09		54
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Robert F. Greenhill ---
		For
	1.2	Elect Director Scott L. Bok --- For
	1.3	Elect Director Simon A. Borrows --- For
	1.4	Elect Director John C. Danforth --- For
	1.5	Elect Director Steven F. Goldstone ---
		For
	1.6	Elect Director Stephen L. Key --- For
	1.7	Elect Director Robert T. Blakely --- For
	2	Ratify Auditors		For	For		Mgmt
06/02/09 - A	H & E EQUIPMENT		404030108			04/09/09		494
	SERVICES INC *HEES*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/04/09 - A	H & M Hennes & Mauritz		W41422101			04/27/09		119
	1	Open Meeting		None	None		Mgmt
	2	Elect Sven Unger as Chairman of		For	For		Mgmt
		Meeting
	3	Receive President's Report; Allow for		None	None		Mgmt
		Questions
Mgmt Rec - Company Management Recommended Vote								Page 76

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Prepare and Approve List of		For	For		Mgmt
		Shareholders
	5	Approve Agenda of Meeting		For	For		Mgmt
	6	Designate Inspector(s) of Minutes of		For	For		Mgmt
		Meeting
	7	Acknowledge Proper Convening of		For	For		Mgmt
		Meeting
	8a	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports; Receive Information
		About Remuneration Guidelines
	8b	Receive Auditor's and Auditing		None	None		Mgmt
		Committee's Reports
	8c	Receive Chairman's Report About		None	None		Mgmt
		Board Work
	8d	Receive Report of the Chairman of the		None	None		Mgmt
		Nominating Committee
	9a	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	9b	Approve Allocation of Income and		For	For		Mgmt
		Dividends of SEK 15.50 per Share
	9c	Approve Discharge of Board and		For	For		Mgmt
		President
	10	Determine Number of Members (7) and		For	For		Mgmt
		Deputy Members (0) of Board
	11	Approve Remuneration of Directors in		For	For		Mgmt
		the Amount of SEK 1.4 Million to the
		Chairman and 375,000 to Other
		Directors; Approve Remuneration to
		Committee Members; Approve
		Remuneration of Auditors
	12	Reelect Mia Livfors, Lottie Knutson,		For	Against		Mgmt
		Sussi Kvart, Bo Lundquist, Stig
		Nordfelt, Stefan Persson (Chair), and
		Melker Schoerling as Directors
		Because the overall independence of			the
		shareholder-elected board members is below the 50-
		percent threshold for MSCI EAFE companies, this
		proposal does not merit support.
	13	Ratify Ernst & Young as Auditor for a		For	For		Mgmt
		Four Year Period
	14	Elect Stefan Persson, Lottie Tham,		For	For		Mgmt
		Staffan Grefbaeck, Jan Andersson, and
		Peter Lindell as Members of
		Nominating Committee
	15	Approve Remuneration Policy And		For	For		Mgmt
		Other Terms of Employment For
		Executive Management
	16	Close Meeting		None	None		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 77

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/07/09 - A	Halozyme Therapeutics, Inc.		40637H109			04/01/09		540
	*HALO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Hercules Offshore, Inc.		427093109			02/27/09		262
	*HERO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Highwoods Properties, Inc.		431284108			03/02/09		125
	*HIW*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 4.94% is within allowable cap of
		5.00%.
05/28/09 - A	Home Depot, Inc. *HD*		437076102			03/30/09		611
	1	Elect Director F. Duane Ackerman		For	For		Mgmt
	2	Elect Director David H. Batchelder		For	For		Mgmt
	3	Elect Director Francis S. Blake		For	For		Mgmt
	4	Elect Director Ari Bousbib		For	For		Mgmt
	5	Elect Director Gregory D. Brenneman		For	For		Mgmt
	6	Elect Director Albert P. Carey		For	For		Mgmt
	7	Elect Director Armando Codina		For	For		Mgmt
	8	Elect Director Bonnie G. Hill		For	For		Mgmt
	9	Elect Director Karen L. Katen		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Approve Right to Call Special Meetings		For	For		Mgmt
		Shareholders may not act by written consent
		Shareholders may not call special meetings
	12	Provide for Cumulative Voting		Against	Against		ShrHoldr
	13	Call Special Meetings		Against	Against		ShrHoldr
		Not necessary; already in place (see management
		proposal item 11 - to approve amendment already in
		place - 25% right to call special meeting).
	14	Prepare Employment Diversity Report		Against	Against		ShrHoldr
		Management responded meaningfully, has
		appropriate policies in place and has dealt with past
		allegations within the existing legal and regulatory
		structure.
	15	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
Mgmt Rec - Company Management Recommended Vote								Page 78

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		compensation consistently supported by PPC.
	16	Assess Energy Use and Establish		Against	Against		ShrHoldr
		Reduction Targets
		Management responded meaningfully; overly
		restrictive and not likely to accomplish
		proponent’s goals.
06/23/09 - A	Honda Motor Co. Ltd. *7267*		J22302111			03/31/09		320
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 8
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
	4	Appoint Statutory Auditor		For	For		Mgmt
	5	Approve Annual Bonus Payment to		For	For		Mgmt
		Directors and Statutory Auditors
05/22/09 - A	HSBC Holdings plc		G4634U169			None		2,295
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
		Vote Recommendation On balance, the
		Company's remuneration practices comply with its
		strategy and follow good practice guidelines, with the
		exception of the contractual entitlement of average
		bonus upon engagement under two Executive
		Directors’ service contracts. However,
		whereas this issue is highlighted on this occasion,
		retention of this feature may result in an unfavourable
		vote recommendation on the remuneration report in
		future years. Mitigating, it is noted that the
		provision for average bonus will no longer be an
		issue for Stephen Green in the future as he is no
		longer eligible to receive annual bonus payments and
		therefore any average bonus receivable under the
		termination arrangements would be zero, assuming
		his remaining on the Board for at least two more
		years. Nevertheless, the issue remains for Michael
		Geoghegan who, although having received no bonus
		for 2008, will be eligible for annual bonus payments
		going forward At this time, shareholders are
		recommended to support this item. [VOTE
		RECOMMENDATION: CONTENTIOUS FOR]
	3a	Re-elect Safra Catz as Director		For	For		Mgmt
	3b	Re-elect Vincent Cheng as Director		For	For		Mgmt
	3c	Elect Marvin Cheung as Director		For	For		Mgmt
	3d	Re-elect John Coombe as Director		For	For		Mgmt
	3e	Re-elect Jose Duran as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 79

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3f	Re-elect Rona Fairhead as Director		For	For		Mgmt
	3g	Re-elect Douglas Flint as Director		For	For		Mgmt
	3h	Re-elect Alexander Flockhart as		For	For		Mgmt
		Director
	3i	Re-elect Lun Fung as Director		For	For		Mgmt
	3j	Re-elect Michael Geoghegan as		For	For		Mgmt
		Director
	3k	Re-elect Stephen Green as Director		For	For		Mgmt
	3l	Re-elect Stuart Gulliver as Director		For	For		Mgmt
	3m	Re-elect James Hughes-Hallett as		For	For		Mgmt
		Director
	3n	Re-elect William Laidlaw as Director		For	For		Mgmt
	3o	Elect Rachel Lomax as Director		For	For		Mgmt
	3p	Re-elect Sir Mark Moody-Stuart as		For	For		Mgmt
		Director
	3q	Re-elect Gwyn Morgan as Director		For	For		Mgmt
	3r	Re-elect Nagavara Murthy as Director		For	For		Mgmt
	3s	Re-elect Simon Robertson as Director		For	For		Mgmt
	3t	Elect John Thornton as Director		For	For		Mgmt
	3u	Re-elect Sir Brian Williamson as		For	For		Mgmt
		Director
	4	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		and Authorise the Group Audit
		Committee to Determine Their
		Remuneration
	5	Auth. Issuance of Non-Cumulative Pref.		For	For		Mgmt
		Shares with Pre-emptive Rights up to
		Aggregate Nominal Amount of GBP
		100,000, EUR 100,000 and USD
		85,500; and Auth. Issuance of Ord.
		Shares with Pre-emptive Rights up to
		Aggregate Nominal Amount of USD
		1,720,481,200
	6	Subject to the Passing of Resolution 5,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 430,120,300
	7	Authorise 1,720,481,200 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	8	Adopt New Articles of Association		For	For		Mgmt
	9	Approve General Meetings Other Than		For	For		Mgmt
		an Annual General Meetings to be
		Called on 14 Clear Days' Notice
04/23/09 - A	Humana Inc. *HUM*		444859102			02/23/09		298
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 80

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/14/09 - A	IHS INC. *IHS*		451734107			03/13/09		141
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/08/09 - A	Illinois Tool Works Inc. *ITW*		452308109			03/10/09		195
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Submit SERP to Shareholder Vote		Against	For		ShrHoldr
		Non-binding; submit to shareholder vote if additing
		years age/service to SERP.
05/08/09 - A	Illumina, Inc. *ILMN*		452327109			03/16/09		138
	1	Elect Director A. Blaine Bowman		For	For		Mgmt
	2	Elect Director Karin Eastham		For	For		Mgmt
	3	Elect Director Jay T. Flatley		For	For		Mgmt
	4	Elect Director William H. Rastetter,		For	For		Mgmt
		Ph.D.
	5	Ratify Auditors		For	For		Mgmt
04/27/09 - A	ING Groep NV		N4578E413			03/30/09		497
		Annual Meeting
	1	Open Meeting and Receive		None	None		Mgmt
		Announcements
	2a	Receive Report of Management Board		None	None		Mgmt
		(Non-Voting)
	2b	Receive Report of Supervisory Board		None	None		Mgmt
		(Non-Voting)
	2c	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	3a	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	3b	Approve Dividends of EUR 0.74 Per		For	For		Mgmt
		Share
	4	Discuss Remuneration Report		None	None		Mgmt
	5	Discussion on Company's Corporate		None	None		Mgmt
		Governance Structure
	6	Receive Explanation on Company's		None	None		Mgmt
		Corporate Responsibility Performance
	7a	Approve Discharge of Management		For	For		Mgmt
		Board
	7b	Approve Discharge of Supervisory		For	For		Mgmt
		Board
	8a	Elect Jan Hommen to Executive Board		For	For		Mgmt
	8b	Elect Patrick Flynn		For	For		Mgmt
	9a	Reelect Godfried van der Lugt to		For	For		Mgmt
		Supervisory Board
	9b	Elect Tineke Bahlmann to Supervisory		For	For		Mgmt
		Board
Mgmt Rec - Company Management Recommended Vote								Page 81

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	9c	Elect Jeroen van der Veer to		For	For		Mgmt
		Supervisory Board
	9d	Elect Lodewijk de Waal to Supervisory		For	For		Mgmt
		Board
	10	Grant Board Authority to Issue Shares		For	For		Mgmt
		and Restricting/Excluding Preemptive
		Rights
	11	Authorize Repurchase of Shares		For	For		Mgmt
	12	Any Other Businesss and Close		None	None		Mgmt
		Meeting
06/03/09 - A	Ingersoll-Rand PLC *IR*		G4776G101			04/06/09		491
	1a	Elect A.C. Berzin as Director		For	For		Mgmt
	1b	Elect J. L. Cohon as Director		For	For		Mgmt
	1c	Elect G. D. Forsee as Director		For	For		Mgmt
	1d	Elect P. C. Godsoe as Director		For	For		Mgmt
	1e	Elect E. E. Hagenlocker as Director		For	For		Mgmt
	1f	Elect H.L. Henkel as Director		For	For		Mgmt
	1g	Elect C. J. Horner as Director		For	For		Mgmt
	1h	Elect T. E. Martin as Director		For	For		Mgmt
	1i	Elect P. Nachtigal as Director		For	For		Mgmt
	1j	Elect O. R. Smith as Director		For	For		Mgmt
	1k	Elect R. J. Swift as Director		For	For		Mgmt
	1l	Elect T. L. White as Director		For	For		Mgmt
	2	Approve an Advisory Proposal Relating		For	For		Mgmt
		to Executive Pay-For-Performance
		Compensation Policies and Procedures
	3	Increase Number of Shares Reserved		For	For		Mgmt
		Under 2007 Incentive Stock Plan
	4	Approve PricewaterhouseCoopers LLP		For	For		Mgmt
		as independent auditors of the
		company and authorize Board to Fix
		Their Remuneration
06/03/09 - C	Ingersoll-Rand PLC *IR*		G4776G101			04/06/09		491
	1	Approve Scheme of Arrangement		For	For		Mgmt
	2	Approve the Creation of Distributable		For	For		Mgmt
		Reserves of Ingersoll-Rand Company
		Limited
	3	Adjourn Meeting		For	For		Mgmt
04/22/09 - A	Insituform Technologies, Inc. 457667103					02/27/09		295
	*INSU*
	1	Elect Director J. Joseph Burgess		For	For		Mgmt
	2	Elect Director Stephen P. Cortinovis		For	For		Mgmt
	3	Elect Director Stephanie A. Cuskley		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 82

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Elect Director John P. Dubinsky		For	For		Mgmt
	5	Elect Director Juanita H. Hinshaw		For	For		Mgmt
	6	Elect Director Alfred L. Woods		For	For		Mgmt
	7	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 8.63% is within allowable cap of
		8.63%.
	8	Ratify Auditors		For	For		Mgmt
04/30/09 - A	Insulet Corp *PODD*		45784P101			03/20/09		337
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Ross Jaffe --- Withhold
		Failure to submit poison pill to shareholder vote.
	1.2	Elect Director Charles Liamos ---
		Withhold
		Failure to submit poison pill to shareholder vote.
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	Intel Corporation *INTC*		458140100			03/23/09		2,071
	1	Elect Director Charlene Barshefsky		For	For		Mgmt
	2	Elect Director Susan L. Decker		For	For		Mgmt
	3	Elect Director John J. Donahoe		For	For		Mgmt
	4	Elect Director Reed E. Hundt		For	For		Mgmt
	5	Elect Director Paul S. Otellini		For	For		Mgmt
	6	Elect Director James D. Plummer		For	For		Mgmt
	7	Elect Director David S. Pottruck		For	For		Mgmt
	8	Elect Director Jane E. Shaw		For	For		Mgmt
	9	Elect Director John L. Thornton		For	For		Mgmt
	10	Elect Director Frank D. Yeary		For	For		Mgmt
	11	Elect Director David B. Yoffie		For	For		Mgmt
	12	Ratify Auditors		For	For		Mgmt
	13	Amend Omnibus Stock Plan		For	For		Mgmt
	14	Approve Stock Option Exchange		For	For		Mgmt
		Program
		Value-for-value, excludes executives and directors,
		reducines 15.3% overhand, no accounting expense
		impact, no recycling of surrendered options, incresed
		share alloation is within cap.
	15	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious		pay/performance
Mgmt Rec - Company Management Recommended Vote								Page 83

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		disconnect or poor pay practices.
	16	Provide for Cumulative Voting		Against	Against		ShrHoldr
	17	Adopt Policy on Human Rights to Water		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/28/09 - A	International Business		459200101			02/27/09		458
	Machines Corp. *IBM*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director A. J. P. Belda --- For
	1.2	Elect Director C. Black --- For
	1.3	Elect Director W. R. Brody --- For
	1.4	Elect Director K. I. Chenault --- For
	1.5	Elect Director M. L. Eskew --- For
	1.6	Elect Director S. A. Jackson --- Against
		Sits on six public company boards and multiple large
		private institutional boards.
	1.7	Elect Director T. Nishimuro --- For
	1.8	Elect Director J. W. Owens --- For
	1.9	Elect Director S. J. Palmisano --- For
	1.10	Elect Director J. E. Spero --- For
	1.11	Elect Director S. Taurel --- For
	1.12	Elect Director L. H. Zambrano --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Provide for Cumulative Voting		Against	Against		ShrHoldr
	5	Review Executive Compensation		Against	For		ShrHoldr
		Excludes defined benefit pension plan income from
		senior-executive compensation.
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior proposals supported by PPC.
04/30/09 -	Intesa SanPaolo SPA		T55067101			04/24/09		1,594
A/S
		Ordinary Business
	1	Approve Allocation of Income		For	For		Mgmt
	2	Integrate Remuneration of External		For	For		Mgmt
		Auditors
		Special Business
	1	Amend Company Bylaws to Comply		For	For		Mgmt
		with Bank of Italy's Regulation
Mgmt Rec - Company Management Recommended Vote								Page 84

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/18/09 - A	Inverness Medical		46126P106			04/27/09		200
	Innovations Inc *IMA*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 8.02% is within allowable cap of
		11.28%.
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
		All employees who work more than 20 hours a week
		and have been employed for at least three months
		can purchase shares at 85% of F.M.V.
	4	Ratify Auditors		For	For		Mgmt
05/20/09 - A	ITC Holdings Corp *ITC*		465685105			04/06/09		104
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/05/09 - A	Itron, Inc. *ITRI*		465741106			02/27/09		71
	1	Elect Director Michael B. Bracy		For	For		Mgmt
	2	Elect Director Kirby A. Dyess		For	For		Mgmt
	3	Elect Director Graham M. Wilson		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
05/28/09 - A	IXIA *XXIA*		45071R109			04/03/09		709
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 19.95% exceeds allowable cap of
		15.89%.
	3	Ratify Auditors		For	For		Mgmt
06/04/09 - A	J.Crew Group, Inc. *JCG*		46612H402			04/07/09		173
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Johnson & Johnson *JNJ*		478160104			02/24/09		970
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consisent with prior proposals supported by PPC.
Mgmt Rec - Company Management Recommended Vote								Page 85

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/19/09 - A	JPMorgan Chase & Co.		46625H100			03/20/09		1,110
	*JPM*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	4	Disclose Prior Government Service		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	5	Provide for Cumulative Voting		Against	Against		ShrHoldr
	6	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholder currently hhave right to call special
		meeting (33.3%).
	7	Report on Predatory Lending Policies		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	8	Amend Key Executive Performance		Against	Against		ShrHoldr
		Plan
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	9	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	10	Prepare Carbon Principles Report		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
05/13/09 - A	Knight Capital Group, Inc.		499005106			04/01/09		278
	*NITE*
	1	Elect Director William L. Bolster		For	For		Mgmt
	2	Elect Director Gary R. Griffith		For	For		Mgmt
	3	Elect Director Thomas M. Joyce		For	For		Mgmt
	4	Elect Director James W. Lewis		For	For		Mgmt
	5	Elect Director Thomas C. Lockburner		For	For		Mgmt
	6	Elect Director James T. Milde		For	For		Mgmt
	7	Elect Director Christopher C. Quick		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 86

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Elect Director Laurie M. Shahon		For	For		Mgmt
	9	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
		All named executive officers will receive cash and/or
		stock, including but not limited to unrestricted shares
		of common stock, restricted shares, or RSUs.
	10	Ratify Auditors		For	For		Mgmt
06/24/09 - A	Komatsu Ltd. *6301*		J35759125			03/31/09		239
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 18
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Indemnify
		Directors and Statutory Auditors
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Statutory Auditor		For	For		Mgmt
	4.2	Appoint Statutory Auditor		For	Against		Mgmt
		Given that he receives income under a current
		contract with the statutory auditor board, Matsuo
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	5	Approve Annual Bonus Payment to		For	For		Mgmt
		Directors
	6	Approve Stock Option Plan		For	For		Mgmt
04/07/09 - A	Koninklijke KPN N.V.		N4297B146			03/16/09		386
		Annual Meeting
	1	Open Meeting and Announcements		None	None		Mgmt
	2	Receive Report of Management Board		None	None		Mgmt
		(Non-Voting)
	3	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	4	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	5	Approve Dividends of EUR 0.40 Per		For	For		Mgmt
		Share
	6	Approve Discharge of Management		For	For		Mgmt
		Board
	7	Approve Discharge of Supervisory		For	Against		Mgmt
		Board
		Given the supervisory board's decision not to submit
		several material changes in the compensation to a
		shareholder vote, which violates best practice
		standards in the Netherlands, a vote against the
		discharge of the supervisory board is appropriate.
	8	Ratify PricewaterhouseCoopers		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 87

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Accountants as Auditors
	9	Opportunity to Nominate Supervisory		None	None		Mgmt
		Board Members
	10	Elect A.H.J. Risseeuw to Supervisory		For	For		Mgmt
		Board
	11	Elect M.E. van Lier Lels to Supervisory		For	For		Mgmt
		Board
	12	Elect R.J. Routs to Supervisory Board		For	For		Mgmt
	13	Elect D.J. Haank to Supervisory Board		For	For		Mgmt
	14	Announce Vacancies on Supervisory		None	None		Mgmt
		Board Arising in 2010
	15	Authorize Repurchase of Shares		For	For		Mgmt
	16	Approve Reduction in Issued Share		For	For		Mgmt
		Capital by Cancellation of Shares
	17	Allow Questions and Close Meeting		None	None		Mgmt
05/20/09 - A	Kraft Foods Inc *KFT*		50075N104			03/12/09		546
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Currently have shareholder with to call special
		meeting (20%).
05/07/09 -	L air Liquide		F01764103			05/04/09		60
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 2.25 per Share
	4	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	5	Reelect Thierry Desmarest as Director		For	Against		Mgmt
		As a result of Thierry Desmarest's executive function
		with Total and his excessive number of other
		directorships, his reelection does not merit support.
	6	Reelect Alain Joly as Director		For	For		Mgmt
	7	Reelect Thierry Peugeot as Director		For	For		Mgmt
	8	Approve Transaction with BNP Paribas		For	For		Mgmt
	9	Approve Transaction with Benoit Potier		For	Against		Mgmt
		As the conditions attached to this transaction are not
		sufficiently stringent, and as the beneficiary could
		receive more than twice the last remuneration paid,
		this resolution does not merit support.
Mgmt Rec - Company Management Recommended Vote								Page 88

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	10	Approve Transaction with Klaus		For	Against		Mgmt
		Schmieder
		As the conditions attached are not sufficiently
		stringent, this resolution does not merit support.
	11	Approve Transaction with Pierre Dufour		For	Against		Mgmt
		As the conditions attached are not sufficiently
		stringent, this resolution does not merit support.
		Special Business
	12	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	13	Authorize Board to Issue Free Warrants		For	Against		Mgmt
		with Preemptive Rights During a Public
		Tender Offer or Share Exchange
		The maximum capital increase (50 percent of issued
		capital) exceeds the threshold of 25 percent and the
		company did not provide a shareholder-friendly
		provision that automatically cancels issued warrants
		when the shareholders have tendered the majority of
		the shares composing the company share capital
		neither the company commits to calling an EGM
		allowing shareholders to vote on a potential takeover
		(a majority of shareholders can rescind the
		authorization). As antitakeover mechanisms limit
		shareholder value by eliminating the takeover or
		control premium for the company; shareholders
		should be given the opportunity to decide on the
		merits of takeover offers. Therefore, this item
		does not merit approval.
	14	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 350 Million
	15	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	16	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	17	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for International Employees
		Ordinary Business
	18	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/19/09 - A	LaBranche & Co Inc. *LAB*		505447102			03/20/09		703
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 89

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/10/09 - A	Las Vegas Sands Corp *LVS*		517834107			04/13/09		207
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Prepare Sustainability Report		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
05/11/09 - A	LKQ Corp. *LKQX*		501889208			03/13/09		329
	1	Elect Director A. Clinton Allen		For	For		Mgmt
	2	Elect Director Robert M. Devlin		For	For		Mgmt
	3	Elect Director Donald F. Flynn		For	For		Mgmt
	4	Elect Director Kevin F. Flynn		For	For		Mgmt
	5	Elect Director Ronald G. Foster		For	For		Mgmt
	6	Elect Director Joseph M. Holsten		For	For		Mgmt
	7	Elect Director Paul M. Meister		For	For		Mgmt
	8	Elect Director John F. O'Brien		For	For		Mgmt
	9	Elect Director William M. Webster, IV		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
06/05/09 - A	Lloyds Banking Group plc		G5542W106			None		1,686
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3(a)	Elect Carolyn McCall as Director		For	For		Mgmt
	3(b)	Elect Timothy Ryan Jr as Director		For	For		Mgmt
	3(c)	Elect Martin Scicluna as Director		For	For		Mgmt
	3(d)	Elect Tim Tookey as Director		For	For		Mgmt
	3(e)	Elect Anthony Watson as Director		For	For		Mgmt
	4(a)	Re-elect Sir Victor Blank as Director		For	Abstain		Mgmt
		Vote Recommendation In light of the
		Company’s current financial situation, the
		levels of Government assistance required
		subsequent to the HBOS acquisition and the latest
		revelations regarding the true levels of impairment
		associated with the HBOS loan book, the concerns
		raised regarding the degree of oversight and rigour
		the Board exercised in the assessment of the risks
		associated with the HBOS transaction create
		sufficient doubt over the re-election of Sir Victor
		Blank who, as Chairman of the Board, is ultimately
		responsible for the conduct and processes of the
		Board. Given Sir Victor Blank’s
		intention to step down by the 2010 AGM and the
		need for consistency during the search for a suitable
		successor, it is not considered appropriate to
		recommend a vote against his re-election outright.
		Therefore shareholders are recommended to abstain
Mgmt Rec - Company Management Recommended Vote								Page 90

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		on his re-election. For those shareholders who
		have a fiduciary responsibility to vote either in favour
		or against and who do not recognise an abstention
		as valid option, shareholders are recommended that
		they vote against this resolution.
	4(b)	Re-elect Archie Kane as Director		For	For		Mgmt
	4(c)	Re-elect Lord Leitch as Director		For	For		Mgmt
	5	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	6	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	7	Increase Authorised Share Capital from		For	For		Mgmt
		GBP 5,675,477,055, EUR 40,000,000,
		USD 40,000,000 and JPY
		1,250,000,000 to GBP 7,043,396,347,
		EUR 40,000,000, USD 40,000,000 and
		JPY 1,250,000,000
	8	Issue of Equity with Rights Under a		For	For		Mgmt
		General Authority up to GBP
		1,368,679,269 in Ord. Shares and GBP
		52,035,254, USD 38,875,000, EUR
		39,875,000 and JPY 1,250,000,000 in
		Preference Shares and an Additional
		Amount up to GBP 1,368,679,269
		(Rights Issue)
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 205,301,890
	10	Authorise 1,642,415,123 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	11	Renew and Extend Company's Auth. to		For	For		Mgmt
		Make Market Purchases of GBP 1B
		Issued by Company to HM Treasury
		and GBP 3B Issued by HBOS plc to
		HM Treasury Fixed to Floating Callable
		Non-Cumulative Preference Shares;
		Auth. 4M Preference Shares for Market
		Purchase
	12	Amend Art. of Assoc. by Deleting All		For	For		Mgmt
		the Provisions of the Company's
		Memorandum of Association which, by
		Virtue of Section 28 of the Company's
		Act 2006, are to be Treated as Part of
		the Articles of Association of the
		Company; Adopt New Art. of Assoc.
	13	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
	14	Auth. Company and Subsidiaries to		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 91

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Make EU Political Donations to Political
		Parties or Independent Election
		Candidates up to GBP 100,000, to
		Political Org. Other Than Political
		Parties up to GBP 100,000 and Incur
		EU Political Expenditure up to GBP
		100,000
06/05/09 - S	Lloyds Banking Group plc		G5542W106			None		1,686
	1	Increase Cap.to GBP 9B,EUR		For	For		Mgmt
		40M,USD 40M and JPY 1B(If
		Resolution 7 in Notice of AGM is
		Passed)or to GBP 8B,USD 40M,EUR
		40M and JPY 1B(If Resolution 7 in
		Notice of AGM is Not Passed);Issue
		Equity with Rights up to GBP
		2B(Placing and Compensatory Open
		Offer)
	2	Increase Cap.by 7B Ord.Shares(If		For	For		Mgmt
		Resolution 7 (AGM) is Passed)or by
		13B Ord. Shares(If Resolution 7 is Not
		Passed);Issue Equity with Rights up to
		GBP 2B(Ord. Shares)and GBP
		52M,USD 38M,EUR 39M and JPY
		1B(Pref. Shares)and up to Further GBP
		2B(Rights Issue)
	3	Approve the Placing and		For	For		Mgmt
		Compensatory Open Offer and the
		HMT Preference Share Redemption
		Being a Related Party Transaction for
		the Purposes of the Listing Rules of the
		United Kingdom Listing Authority
	4	Approve Waiver on Tender-Bid		For	For		Mgmt
		Requirement
	5	Authorise Issue of Equity without Pre-		For	For		Mgmt
		emptive Rights up to Aggregate
		Nominal Amount of GBP 2,602,133,750
		Pursuant to the Placing and
		Compensatory Open Offer
	6	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 340,507,871
05/14/09 -	LVMH Moet Hennessy Louis		F58485115			05/11/09		53
A/S	Vuitton
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
Mgmt Rec - Company Management Recommended Vote								Page 92

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Auditors' Special Report		For	Against		Mgmt
		Regarding Related-Party Transactions
		At the date of the analysis (20 days before the
		general meeting), as the company had failed to
		provide adequate rationale and sufficient justification
		on a number of transactions that appear to be
		unrelated to operations and/or not in shareholders'
		best interests (especially with regard to the
		agreement concerning the acquisition of an art
		piece), this resolution does not warrant support.
	4	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.60 per Share
	5	Reelect Antoine Arnault as Director		For	Against		Mgmt
		For this market, if the proposed board does not
		consist of one-third of independent directors, the
		election or reelection of any non-independent director
		(except the CEO) is not warranted. At LVMH,
		although the board will likely consist of one additional
		independent member after the general meeting if all
		the elections proposed at the meeting are approved,
		only 22.22 percent of the board of directors would be
		independent. Moreover, two of the nominees
		proposed for reelection, Antoine Bernheim and Albert
		Frere, are non-executive directors and hold more
		than five directorship positions in listed companies
		outside the group. Therefore, the proposal to
		reelect executive directors Antoine Arnault and Pierre
		Gode, and non-independent non-executive directors
		Antoine Bernheim, Albert Frere, and Lord Powell of
		Bayswater (Items 5 - 9) do not merit support.
		However, the election of the new independent
		nominee, Yves-Thibault de Silguy (Item 10), merits
		support.
	6	Reelect Antoine Bernheim as Director		For	Against		Mgmt
	7	Reelect Albert Frere as Director		For	Against		Mgmt
	8	Reelect Pierre Gode as Director		For	Against		Mgmt
	9	Reelect Lord Powell of Bayswater as		For	Against		Mgmt
		Director
	10	Elect Yves-Thilbaut de Silguy as		For	For		Mgmt
		Director
	11	Authorize Repurchase of up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	12	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	13	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
Mgmt Rec - Company Management Recommended Vote								Page 93

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Amount of EUR 50 Million
		Item 13: The potential capital increase with
		preemptive rights, representing 34.02 percent of
		issued share capital, is deemed acceptable for
		issuances with preemptive rights. Therefore, this item
		merits support. Item 14: The proposed capital
		increases without preemptive rights and without
		binding priority, representing 34.02 percent of issued
		share capital, is excessive for general requests to
		issue capital without preemptive. Therefore, this item
		does not merit support. Item 15: While the
		amount requested would not exceed the 50 percent
		limit for issuances with preemptive rights under item
		13, it exceeds the 20 percent limit for issuances that
		do not respect preemptive rights under Item 14.
		Therefore, the additional potential capital increases
		are deemed excessive. Therefore, this item does not
		merit support. Item 16: The maximum nominal
		amount of shares could be issued represents 34.02
		percent of issued capital. Based on the high level of
		dilution for general capital issuances requests that do
		not recognize preemptive rights, this resolution
		cannot be approved. Therefore, this item does not
		merit support. Item 17: The capital increase (up
		to 10 percent) without preemptive rights is
		considered to be acceptable. Therefore, this item
		merits support.
	14	Authorize Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 50 Million, with the
		Possibility Not to Offer them to the
		Public for an Amount Representing 20
		Percent per Year
	15	Authorize Board to Increase Capital in		For	Against		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholders Votes under Items 13
		and 14 Above
	16	Authorize Capital Increase of Up to		For	Against		Mgmt
		EUR 50 Million for Future Exchange
		Offers
	17	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	18	Authorize up to 3 Percent of Issued		For	Against		Mgmt
		Capital for Use in Stock Option Plan
		The amount of shares that could be issued or
		reissued pursuant to this authorization is EUR 4.41
		million, representing 3 percent of the current share
		capital. This issuance request would increase the
Mgmt Rec - Company Management Recommended Vote								Page 94

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		total number of shares reserved for the company's
		stock-based plans, taking into account all current
		outstanding share-based plans from 3.55 percent to
		6.49 percent of fully diluted shares Given the
		volume in excess of recommended guidelines (5
		percent), this proposal does not merit support.
	19	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	20	Amend Articles 11 and 23 of Bylaws		For	For		Mgmt
		Re: Shareholding Requirements for
		Directors and Double Voting Rights
05/19/09 - A	Magellan Health Services,		559079207			03/31/09		121
	Inc. *MGLN*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Ren Lerer --- Withhold
	1.2	Elect Director Nancy L. Johnson ---
		Withhold
	1.3	Elect Director Eran Broshy --- For
	2	Ratify Auditors		For	For		Mgmt
04/28/09 - A	Manpower Inc. *MAN*		56418H100			02/17/09		178
	1	Elect Directors		For	For		Mgmt
	2	Elect Director Roberto Mendoza		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Amend Omnibus Stock Plan		For	For		Mgmt
	5	Implement MacBride Principles		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will in enhance shareholder value beyond what
		management can already be expected to do.
	6	Other Business		For	Against		Mgmt
05/11/09 - A	Mariner Energy, Inc. *ME*		56845T305			03/17/09		247
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Bernard Aronson ---
		Withhold
		Board member when poison pill was adopted without
		shareholder vote (no qualified offer clause or sunset
		provision).
	1.2	Elect Director H. Clayton Peterson ---
		Withhold
		Board member when poison pill was adopted without
		shareholder vote (no qualified offer clause or sunset
		provision).
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 95

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
05/05/09 - A	Marvel Entertainment, Inc.		57383T103			03/09/09		177
	*MVL*
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director James W. Breyer ---
		Withhold
		Board member during period of poor pay practices;
		no comp member standing (classified board).
	1.2	Elect Director Laurence N. Charney ---
		Withhold
		Board member during period of poor pay practices;
		no comp member standing (classified board).
	1.3	Elect Director Richard L. Solar ---
		Withhold
		Board member during period of poor pay practices;
		no comp member standing (classified board).
	2	Ratify Auditors		For	For		Mgmt
06/16/09 - A	Masimo Corp. *MASI*		574795100			04/24/09		128
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/09/09 - A	MasterCard Incorporated		57636Q104			04/13/09		45
	*MA*
	1	Elect Directors		For	For		Mgmt
	2	Amend Certificate of Incorporation to		For	For		Mgmt
		Increase Size of Board and Amend
		Director Qualifications
		Change from 12 to 15 to provide greater flexibility
		and broader representation in business sectors.
	3	Ratify Auditors		For	For		Mgmt
05/27/09 - A	McDonald's Corp. *MCD*		580135101			03/30/09		394
	1	Elect Director Robert A. Eckert		For	For		Mgmt
	2	Elect Director Enrique Hernandez, Jr.		For	For		Mgmt
	3	Elect Director Jeanne P. Jackson		For	For		Mgmt
	4	Elect Director Andrew J. McKenna		For	For		Mgmt
	5	Ratify Auditors		For	For		Mgmt
	6	Amend Omnibus Stock Plan		For	For		Mgmt
	7	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	8	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
Mgmt Rec - Company Management Recommended Vote								Page 96

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
	9	Phase out Sales of Eggs from Battery		Against	Against		ShrHoldr
		Cage Hens
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
04/21/09 - A	MEMC Electronic Materials,		552715104			02/26/09		467
	Inc. *WFR*
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Robert J. Boehlke --- For
	1.2	Elect Director C. Douglas Marsh --- For
	1.3	Elect Director Michael McNamara ---
		For
	2	Ratify Auditors		For	For		Mgmt
04/28/09 - A	Merck & Co., Inc. *MRK*		589331107			02/27/09		742
	1	Elect Director Leslie A. Brun		For	For		Mgmt
	2	Elect Director Thomas R. Cech		For	For		Mgmt
	3	Elect Director Richard T. Clark		For	For		Mgmt
	4	Elect Director Thomas H. Glocer		For	For		Mgmt
	5	Elect Director Steven F. Goldstone		For	For		Mgmt
	6	Elect Director William B. Harrison, Jr.		For	For		Mgmt
	7	Elect Director Harry R. Jacobson		For	For		Mgmt
	8	Elect Director William N. Kelley		For	For		Mgmt
	9	Elect Director Rochelle B. Lazarus		For	For		Mgmt
	10	Elect Director Carlos E. Represas		For	For		Mgmt
	11	Elect Director Thomas E. Shenk		For	For		Mgmt
	12	Elect Director Anne M. Tatlock		For	For		Mgmt
	13	Elect Director Samuel O. Thier		For	For		Mgmt
	14	Elect Director Wendell P. Weeks		For	For		Mgmt
	15	Elect Director Peter C. Wendell		For	For		Mgmt
	16	Ratify Auditors		For	For		Mgmt
	17	Fix Number of Directors		For	For		Mgmt
		Increase from 14 to 18; does not appear to be
		motivated by entrenchment.
	18	Amend Bylaws-- Call Special Meetings		Against	For		ShrHoldr
		Share holder do not currently have right to act by
		written consent or to call special meeting.
	19	Require Independent Lead Director		Against	Against		ShrHoldr
		Lead director already in place.
Mgmt Rec - Company Management Recommended Vote								Page 97

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	20	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with proposals previouly supported by
		PPC.
06/24/09 - A	Mitsubishi Corp. *8058*		J43830116			03/31/09		320
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 16
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Amend Business
		Lines
	3	Elect Directors		For	For		Mgmt
	4	Approve Annual Bonus Payment to		For	For		Mgmt
		Directors
	5	Approve Deep Discount Stock Option		For	For		Mgmt
		Plan
		Given these restrictions, and the extremely modest
		dilution from these grants, we do not oppose this
		resolution.
	6	Set Amounts for Retirement Bonus		For	For		Mgmt
		Reserve Funds for Directors
06/26/09 - A	Mitsubishi UFJ Financial		J44497105			03/31/09		1,744
	Group *8306*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 5 for Ordinary
		Shares
	2	Amend Articles To Amend Provisions		For	For		Mgmt
		on Preferred Shares to Reflect
		Cancellation - Reflect Digitalization of
		Share Certificates - Authorize Public
		Announcements in Electronic Format
	3	Elect Directors		For	Split		Mgmt
	3.1	Elect Director --- For
		Because of their poor attendance record at board
		meetings, nominees 15 and 17 cannot be expected
		to fulfill the role of overseeing management
		effectively in the interests of shareholders.
		Shareholders are advised to vote against these
		nominees, but for all other director candidates.
	3.2	Elect Director --- For
	3.3	Elect Director --- For
	3.4	Elect Director --- For
	3.5	Elect Director --- For
	3.6	Elect Director --- For
	3.7	Elect Director --- For
Mgmt Rec - Company Management Recommended Vote								Page 98

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3.8	Elect Director --- For
	3.9	Elect Director --- For
	3.10	Elect Director --- For
	3.11	Elect Director --- For
	3.12	Elect Director --- For
	3.13	Elect Director --- For
	3.14	Elect Director --- For
	3.15	Elect Director --- Against
	3.16	Elect Director --- For
	3.17	Elect Director --- Against
	4.1	Appoint Statutory Auditor		For	For		Mgmt
	4.2	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	4.3	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders. In addition, the nominee has an
		attendance problem. Therefore, the reappointment
		warrants a vote against.
	4.4	Appoint Statutory Auditor		For	For		Mgmt
06/25/09 - A	MIZUHO FINANCIAL GROUP		J4599L102			03/31/09		2,000
	INC. *8411*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 10 for Ordinary
		Shares
	2	Amend Articles To Decrease		For	For		Mgmt
		Authorized Capital to Reflect
		Cancellation - Reflect Digitalization of
		Share Certificates
	3	Elect Directors		For	For		Mgmt
	4	Appoint Statutory Auditor		For	For		Mgmt
05/04/09 - A	Motorola, Inc. *MOT*		620076109			03/09/09		794
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director G. Brown --- For
Mgmt Rec - Company Management Recommended Vote								Page 99

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.2	Elect Director D. Dorman --- For
	1.3	Elect Director W. Hambrecht --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.4	Elect Director S. Jha --- For
	1.5	Elect Director J. Lewent --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.6	Elect Director K. Meister --- For
	1.7	Elect Director T. Meredith --- For
	1.8	Elect Director S. Scott III --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.9	Elect Director R. Sommer --- For
	1.10	Elect Director J. Stengel --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.11	Elect Director A. Vinciquerra --- For
	1.12	Elect Director D. Warner III --- For
	1.13	Elect Director J. White --- For
	2	Adjust Par Value of Common Stock		For	For		Mgmt
		Routine financing matter.
	3	Approve Repricing of Options		For	For		Mgmt
		ISS recommends FOR repricing proposal that is
		value-for-value and excludes executives and non-
		employee directors. Exercise price will be $12 or
		higher if 52 wk close is higher. 57% of outstanding
		options are eligible. Surrendered options will be
		available for re-issue in future grants; "modest"
		additional accounting expense will be incurred.
		Existing plan into which surrendered options will be
		recycles passes SVT and prohibits repricing without
		shareholder approval.
	4	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	5	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Pay/performance disconnect and multiple "pay-for-
		failure" risks per ISS. One of the co-CEOs in place
		(due to pending spin-off) is highest paid CEO in
		country per NYT. NEO personal use of corp aircraft
		significantly above norms (tax gross-ups included for
		some). CEO change-in-control severance 3 times
		base plus annual bonus and tax gross-ups ($21.2 mil
		in tax for one CEO alone).
Mgmt Rec - Company Management Recommended Vote								Page 100

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6	Ratify Auditors		For	For		Mgmt
	7	Provide for Cumulative Voting		Against	Against		ShrHoldr
	8	Amend Bylaws-- Call Special Meetings		Against	For		ShrHoldr
		Currently no right to act by written consent or call
		special meeting.
	9	Amend Human Rights Policies		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance or that proposal will improve
		shareholder returns.
05/20/09 - A	Nash Finch Co. *NAFC*		631158102			04/01/09		132
	1	Elect Directors		For	For		Mgmt
	2	Provide that Directors May be		For	For		Mgmt
		Removed, With or Without Cause, by a
		Majority Vote
		Improves shareholder rights.
	3	Eliminate the Advance Notice		For	For		Mgmt
		Procedure for Director Nominations
		Changes notice requirement from 10-60 days to 60-
		90 days.
	4	Approve Omnibus Stock Plan		For	Against		Mgmt
	5	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	6	Ratify Auditors		For	For		Mgmt
	7	Other Business		For	Against		Mgmt
06/02/09 - A	National Bank of Greece SA		633643408			05/14/09		775
		Meeting for ADR Holders
	1	Accept Statutory Reports		For	For		Mgmt
	2	Accept Financial Statements		For	For		Mgmt
	3	Approve Discharge of Board and		For	For		Mgmt
		Auditors
	4	Approve Director Remuneration		For	For		Mgmt
	5	Authorize Board to Participate in		For	For		Mgmt
		Companies with Similiar Business
		Interests
	6	Ratify Director Appointments		For	For		Mgmt
	7	Approve Auditors and Fix Their		For	For		Mgmt
		Remuneration
	8	Other Business		For	Against		Mgmt
05/19/09 - A	National Presto Industries,		637215104			03/19/09		77
	Inc. *NPK*
	1	Elect Directors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 101

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/15/09 - A	National Retail Properties,		637417106			03/17/09		166
	Inc. *NNN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Other Business		For	Against		Mgmt
05/05/09 - A	Nationwide Health		638620104			03/06/09		178
	Properties, Inc. *NHP*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/28/09 - A	Netflix. Inc *NFLX*		64110L106			03/31/09		125
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/11/09 - A	NextWave Wireless Inc.		65337Y102			04/22/09		1,600
	*WAVE*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Nicor Inc. *GAS*		654086107			02/24/09		135
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/26/09 - A	Nintendo Co. Ltd. *7974*		J51699106			03/31/09		4
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JPY 780
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
06/24/09 - A	Nippon Steel Corp. *5401*		J55999122			03/31/09		1,610
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 1
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	Split		Mgmt
	3.1	Elect Director --- Against
		Because Chairman Mimura and President Muneoka
		(candidates 1 and 2) bear the greatest share of
		responsibility for the company's continued failure to
		put its poison pill to a vote and its continued failure to
		appoint outsiders to the board, as well as the
		defensive cross-shareholdings that have proven so
Mgmt Rec - Company Management Recommended Vote								Page 102

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		costly to the company, shareholders are advised to
		oppose their reelection to the board.
	3.2	Elect Director --- Against
	3.3	Elect Director --- For
	3.4	Elect Director --- For
	3.5	Elect Director --- For
	3.6	Elect Director --- For
	3.7	Elect Director --- For
	3.8	Elect Director --- For
	3.9	Elect Director --- For
	3.10	Elect Director --- For
	4.1	Appoint Statutory Auditor		For	For		Mgmt
	4.2	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders. In addition, the nominee has an
		attendance problem. Therefore, the reappointment
		warrants a vote against.
	4.3	Appoint Statutory Auditor		For	For		Mgmt
04/23/09 - A	Nokia Corp.		X61873133			04/09/09		727
	1	Open Meeting		None	None		Mgmt
	2	Calling the Meeting to Order		None	None		Mgmt
	3	Designate Inspector or Shareholder		For	For		Mgmt
		Representative(s) of Minutes of
		Meeting
	4	Acknowledge Proper Convening of		For	For		Mgmt
		Meeting
	5	Prepare and Approve List of		For	For		Mgmt
		Shareholders
	6	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports; Receive Auditor's
		Report; Receive CEO's Review
	7	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	8	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.40 Per Share
	9	Approve Discharge of Board and		For	For		Mgmt
		President
		Based on the reasoning above, this proposal
		warrants shareholder support.
	10	Approve Remuneration of Directors in		For	For		Mgmt
		the Amount of EUR 440,000 for
Mgmt Rec - Company Management Recommended Vote								Page 103

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Chairman, EUR 150,000 for Vice
		Chairman, and EUR 130,000 for Other
		Directors; Approve Remuneration for
		Committee Work
	11	Fix Number of Directors at 11		For	For		Mgmt
	12	Reelect Georg Ehrnrooth, Lalita D.		For	For		Mgmt
		Gupte, Bengt Holmstrom, Henning
		Kagermann, Olli-Pekka Kallasvuo, Per
		Karlsson, Jorma Ollila, Marjorie
		Scardino, Risto Siilasmaa, and Keijo
		Suila as Directors; Elect Isabel Marey-
		Semper as New Director
	13	Approve Remuneration of Auditors		For	For		Mgmt
	14	Ratify PricewaterhouseCoopers Oy as		For	For		Mgmt
		Auditors
	15	Authorize Repurchase of up to 360		For	For		Mgmt
		Million Nokia Shares
	16	Close Meeting		None	None		Mgmt
04/21/09 - A	Northern Trust Corp. *NTRS* 665859104					03/02/09		335
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Linda Walker Bynoe ---
		For
	1.2	Elect Director Nicholas D. Chabraja ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.3	Elect Director Susan Crown ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.4	Elect Director Dipak C. Jain --- For
	1.5	Elect Director Arthur L. Kelly --- For
	1.6	Elect Director Robert C. McCormack ---
		For
	1.7	Elect Director Edward J. Mooney ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.8	Elect Director William A. Osborn --- For
	1.9	Elect Director John W. Rowe --- For
	1.10	Elect Director Harold B. Smith --- For
	1.11	Elect Director William D. Smithburg ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.12	Elect Director Enrique J. Sosa --- For
Mgmt Rec - Company Management Recommended Vote								Page 104

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.13	Elect Director Charles A. Tribbett III ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.14	Elect Director Frederick H. Waddell ---
		For
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		NEO CIC with tax-gross-ups, overly liberal definition
		of CIC.
05/01/09 - A	Occidental Petroleum Corp.		674599105			03/11/09		317
	*OXY*
	1	Elect Directors		For	Against		Mgmt
	1.1	Elect Director Spencer Abraham ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.2	Elect Director Ronald W. Burkle ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.3	Elect Director John S. Chalsty ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.4	Elect Director Edward P. Djerejian ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.5	Elect Director John E. Feick --- Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.6	Elect Director Ray R. Irani --- Against
		Reniged on committed to implement say-on-pay due
Mgmt Rec - Company Management Recommended Vote								Page 105

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.7	Elect Director Irvin W. Maloney ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.8	Elect Director Avedick B. Poladian ---
		Against
	1.9	Elect Director Rodolfo Segovia ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.10	Elect Director Aziz D. Syriani ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.11	Elect Director Rosemary Tomich ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.12	Elect Director Walter L. Weisman ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	2	Ratify Auditors		For	For		Mgmt
	3	Provide Right to Call Special Meeting		For	Against		Mgmt
		Shareholders currently have right to call special
		meeting (25%).
	4	Report on Host Country Social and		Against	Against		ShrHoldr
		Environmental Laws
		Management responded meaningfully; no evidence
		that company not in compliance with current law or
		that proposal will result in improved sharehoder
		returns or change laws in host countries.
Mgmt Rec - Company Management Recommended Vote								Page 106

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/22/09 - A	Odyssey Re Holdings Corp.		67612W108			03/06/09		126
	*ORH*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director V. Prem Watsa --- For
	1.2	Elect Director James F. Dowd --- For
	1.3	Elect Director Andrew A. Barnard ---
		For
	1.4	Elect Director Peter M. Bennett --- For
	1.5	Elect Director Anthony F. Griffiths ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director Patrick W. Kenny ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.7	Elect Director Bradley P. Martin --- For
	1.8	Elect Director Robert J. Solomon --- For
	1.9	Elect Director Brandon W. Sweitzer ---
		Withhold
		Comp committee member during period of poor pay
		practices.
05/19/09 - A	Omnicom Group Inc. *OMC*		681919106			03/30/09		617
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director John D. Wren --- For
	1.2	Elect Director Bruce Crawford --- For
	1.3	Elect Director Alan R. Batkin ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.4	Elect Director Robert Charles Clark ---
		For
	1.5	Elect Director Leonard S. Coleman, Jr.
		--- Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
Mgmt Rec - Company Management Recommended Vote								Page 107

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.6	Elect Director Errol M. Cook --- For
	1.7	Elect Director Susan S. Denison ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.8	Elect Director Michael A. Henning ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.9	Elect Director John R. Murphy --- For
	1.10	Elect Director John R. Purcell --- For
	1.11	Elect Director Linda Johnson Rice ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
Mgmt Rec - Company Management Recommended Vote								Page 108

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		year salary and benefits after termination for any
		reason or no reason.
	1.12	Elect Director Gary L. Roubos ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
05/20/09 - A	ON Semiconductor		682189105			04/06/09		690
	Corporation *ONNN*
	1	Elect Directors		For	For		Mgmt
	2	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
		All employees can purchase shares at 85% of F.M.V.
	3	Ratify Auditors		For	For		Mgmt
05/26/09 - A	ONYX Pharmaceuticals, Inc.		683399109			03/30/09		85
	*ONXX*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 12.05% is within allowable cap of
		12.83%.
	3	Ratify Auditors		For	For		Mgmt
06/17/09 - A	OSI Pharmaceuticals, Inc.		671040103			04/22/09		94
	*OSIP*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert A. Ingram ---
		Withhold
		Sits on 6 boards; no mitigating circumstances
		disclosed. Comp committee member during period of
		poor pay practices. NEO tax gross-ups retained on
		double-trigger change-in-control agreements.
	1.2	Elect Director Colin Goddard, Ph.D. ---
Mgmt Rec - Company Management Recommended Vote								Page 109

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		For
	1.3	Elect Director Santo J. Costa ---
		Withhold
		Comp committee member during period of poor pay
		practices. NEO tax gross-ups retained on double-
		trigger change-in-control agreements.
	1.4	Elect Director Joseph Klein, III ---
		Withhold
		Sits on 6 boards; no mitigating circumstances
		disclosed.
	1.5	Elect Director Kenneth B. Lee, Jr. ---
		For
	1.6	Elect Director Viren Mehta --- Withhold
		Comp committee member during period of poor pay
		practices. NEO tax gross-ups retained on double-
		trigger change-in-control agreements.
	1.7	Elect Director David W. Niemiec --- For
	1.8	Elect Director Herbert M. Pinedo, M.D.,
		Ph.D. --- For
	1.9	Elect Director Katharine B. Stevenson -
		-- For
	1.10	Elect Director John P. White --- For
	2	Ratify Auditors		For	For		Mgmt
06/25/09 - A	Panasonic Corp *6752*		J6354Y104			03/31/09		203
	1	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Authorize Public
		Announcements in Electronic Format
	2	Elect Directors		For	For		Mgmt
05/13/09 - A	Perot Systems Corp. *PER*		714265105			03/16/09		262
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/18/09 - A	Petrohawk Energy		716495106			04/27/09		437
	Corporation *HK*
	1	Elect Directors		For	Withhold		Mgmt
	2	Increase Authorized Common Stock		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Amend Non-Employee Director		For	For		Mgmt
		Omnibus Stock Plan
	5	Permit Board to Amend Bylaws Without		For	Against		Mgmt
		Shareholder Consent
	6	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 110

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/23/09 - A	Pfizer Inc. *PFE*		717081103			02/24/09		2,282
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Limit/Prohibit Executive Stock-Based		Against	Against		ShrHoldr
		Awards
		Overly restrictive; limits normal compeditive comp
		tool.
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior proposals supported by PPC.
	6	Provide for Cumulative Voting		Against	Against		ShrHoldr
	7	Amend Bylaws -- Call Special Meetings		Against	Against		ShrHoldr
		25% shareholder right to call special meeting already
		in place.
05/13/09 - A	PG&E Corp. *PCG*		69331C108			03/16/09		635
	1	Elect Director David R. Andrews		For	For		Mgmt
	2	Elect Director C. Lee Cox		For	For		Mgmt
	3	Elect Director Peter A. Darbee		For	For		Mgmt
	4	Elect Director Maryellen C. Herringer		For	For		Mgmt
	5	Elect Director Roger H. Kimmel		For	For		Mgmt
	6	Elect Director Richard A. Meserve		For	For		Mgmt
	7	Elect Director Forrest E. Miller		For	For		Mgmt
	8	Elect Director Barbara L. Rambo		For	For		Mgmt
	9	Elect Director Barry Lawson Williams		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification consistently
		supported buy PPC.
	12	Reincorporate in Another State		Against	Against		ShrHoldr
		[California to North Dakota ]
05/05/09 - A	Philip Morris International		718172109			03/10/09		735
	Inc. *PM*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
04/29/09 - A	PLATINUM UNDERWRITERS		G7127P100			03/16/09		118
	HOLDINGS LTD *PTP*
	1	Elect Directors		For	For		Mgmt
	2	Approve KPMG as Auditors and		For	For		Mgmt
		Authorize Board to Fix Their
		Remuneration
Mgmt Rec - Company Management Recommended Vote								Page 111

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/27/09 - A	Polycom, Inc. *PLCM*		73172K104			04/10/09		202
	1	Elect Directors		For	For		Mgmt
	2	Approve Option Exchange Program		For	For		Mgmt
		Value-for-value, excludes executives, timng and
		price reasonable; recycles options will not put plan
		over SVT cap.
	3	Ratify Auditors		For	For		Mgmt
05/04/09 - A	Potlatch Corp. *PCH*		737630103			03/23/09		115
	1	Elect Director Boh A. Dickey		For	For		Mgmt
	2	Elect Director William L. Driscoll		For	For		Mgmt
	3	Elect Director Judith M. Runstad		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
05/20/09 - A	PPL Corp. *PPL*		69351T106			02/27/09		145
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		Against	For		ShrHoldr
06/03/09 - A	Priceline.com Inc. *PCLN*		741503403			04/14/09		88
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Right to Call Special Meetings		For	For		Mgmt
		Shareholders may not act by written consent
		Shareholders may not call special meetings
	4	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholders will have 25% right to call secial
		meeting if item 3 is approved (mgmt version).
05/21/09 - A	Pride International, Inc.		74153Q102			03/31/09		326
	*PDE*
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director David A. B. Brown ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.2	Elect Director Kenneth M. Burke ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.3	Elect Director Archie W. Dunham ---
Mgmt Rec - Company Management Recommended Vote								Page 112

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.4	Elect Director David A. Hager ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.5	Elect Director Francis S. Kalman ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.6	Elect Director Ralph D. McBride ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.7	Elect Director Robert G. Phillips ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.8	Elect Director Louis A. Raspino ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	ProAssurance Corporation		74267C106			03/31/09		78
	*PRA*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	ProLogis *PLD*		743410102			03/23/09		486
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Stephen L. Feinberg ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.2	Elect Director George L. Fotiades ---
		For
	1.3	Elect Director Christine N. Garvey ---
		For
	1.4	Elect Director Lawrence V. Jackson ---
		For
	1.5	Elect Director Donald P. Jacobs ---
		Withhold
		Comp committee member during period of
Mgmt Rec - Company Management Recommended Vote								Page 113

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		pay/performance disconnect and poor/pay practices.
	1.6	Elect Director Walter C. Rakowich ---
		For
	1.7	Elect Director D. Michael Steuert --- For
	1.8	Elect Director J. Andre Teixeira --- For
	1.9	Elect Director William D. Zollars ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.10	Elect Director Andrea M. Zulberti ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	2	Ratify Auditors		For	For		Mgmt
05/19/09 - A	Psychiatric Solutions, Inc.		74439H108			03/26/09		138
	*PSYS*
	1	Elect Directors		For	For		Mgmt
	2	Amend Non-Employee Director		For	For		Mgmt
		Omnibus Stock Plan
		Plan's cost of 10.51% is within allowable cap of
		11.74%.
	3	Ratify Auditors		For	For		Mgmt
05/07/09 - A	Public Storage *PSA*		74460D109			03/09/09		300
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/04/09 - A	Quest Software, Inc. *QSFT*		74834T103			04/27/09		220
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/12/09 - A	Realty Income Corp. *O*		756109104			03/12/09		220
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Repsol YPF S.A		E8471S130			None		217
	1	Approve Individual and Consolidated		For	For		Mgmt
		Financial Statements, Allocation of
		Income, and Discharge Directors
	2	Elect Directors		For	For		Mgmt
	3	Elect External Auditors		For	For		Mgmt
	4	Authorize Repurchase of Shares		For	For		Mgmt
	5	Authorize Issuance of		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 114

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Bonds/Debentures
	6	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
05/06/09 - A	Reynolds American Inc *RAI*		761713106			03/09/09		475
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Declassify the Board of Directors		Against	For		ShrHoldr
	5	Report on Marketing Practices on the		Against	Against		ShrHoldr
		Poor
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will results in improved shareholder returns.
	6	Reduce Nicotine Content to Non-		Against	Against		ShrHoldr
		Addictive Levels
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will results in improved shareholder returns.
	7	Adopt Human Rights Protocols for		Against	Against		ShrHoldr
		Company and Suppliers
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will results in improved shareholder returns.
06/03/09 - A	Rightnow Technologies, Inc		76657R106			04/09/09		311
	*RNOW*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Other Business		For	Against		Mgmt
04/20/09 - A	Rio Tinto Ltd. (Formerly Cra		Q81437107			04/18/09		38
	Ltd.) *RIO*
	1	Receive Financial Statements and		For	For		Mgmt
		Statutory Reports for the Financial Year
		Ended Dec. 31, 2008
	2	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended Dec. 31, 2008
	3	Elect Jan du Plessis as a Director		For	For		Mgmt
	4	Elect David Clementi as a Director		For	For		Mgmt
	5	Elect Rod Eddington as a Director		For	Against		Mgmt
		- Sir Rod Eddington as an independent director of
		Allco (now in voluntary administration) supported the
		Rubicon purchase and the advancing of funds to the
		Allco Principals Trust, based on the
		administrator’s report, to prevent margin
Mgmt Rec - Company Management Recommended Vote								Page 115

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		calls over Allco shares held by APT. This item
		does not merit support.
	6	Elect Andrew Gould as a Director		For	For		Mgmt
	7	Elect David Mayhew as a Director		For	For		Mgmt
	8	Approve Appointment of		For	For		Mgmt
		PricewaterhouseCoopers LLP as
		Auditors of the Company and Authorize
		Board to Fix Their Remuneration
	9	Approve Increase in Non-Executive		None	For		Mgmt
		Directors' Remuneration to A$4.7
		Million per Annum
	10	Approve the Renewal of the Company's		For	For		Mgmt
		Authority to Buy Back All the Ordinary
		Shares Held by Tinto Holdings
		Australia Pty Ltd under a Selective
		Buyback Agreement
	11	Approve Amendments to the Rio Tinto		For	For		Mgmt
		Ltd Constitution and Adoption and
		Amendment of the New Rio Tinto Plc
		Articles of Association
04/15/09 - A	Rio Tinto plc		G75754104			None		202
		Resolutions 1 to 9 will be Voted on
		by Rio Tinto plc and Rio Tinto
		Limited Shareholders as a Joint
		Electorate
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
		Summary & Vote Recommendation The
		main outstanding remuneration issue is the
		integration bonus arrangements for Dick Evans and
		the fact that the existence of this bonus was not
		previously disclosed to shareholders. This is
		disappointing given the fact that this bonus
		represents a significant incentive for a main Board
		executive. After consideration and taking into
		account additional feedback from the Company, a
		vote recommendation against the remuneration
		report is not considered warranted on the basis of
		this issue alone. The rationale for this conclusion is
		as follows: - The company has provided extra
		detail on the performance conditions applying to the
		integration bonus. It notes that the synergy savings
		for 2008 were USD 585 million (GBP 314 million),
		against a target of USD 550 million (GBP 295
		million). - The company makes a case for the
		bonus being a discrete part of the remuneration
		policy with a specific purpose, tied to the
		performance of one executive director. Given Dick
Mgmt Rec - Company Management Recommended Vote								Page 116

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Evans's role, it is not unreasonable that he has
		specific integration targets following the acquisition of
		Alcan. - The remuneration package for Dick
		Evans is tied to his contract, which ends on 31
		December 2009. The Company has confirmed that
		he has no entitlement to any termination payment
		when he leaves. - The overall remuneration
		policy at Rio Tinto raises few concerns and the
		general level of disclosure is good. Although some
		shareholders may have concerns that executive
		directors received bonuses in respect of 2008, the
		Company appears to have recognised this issue to a
		certain extent through the mandatory deferral of
		bonuses into shares. In light of the above, on
		balance the remuneration report is worthy of qualified
		support. However, the Company is encouraged to
		engage with shareholders in advance of introducing
		special bonus arrangements in the future. It should
		also ensure that any such bonuses are disclosed and
		explained in full. [Vote Recommendation:
		CONTENTIOUS FOR]
	3	Elect Jan du Plessis as Director		For	For		Mgmt
		Analysis & Vote
		Recommendation Exceptionally, the election/re-
		election of all directors at this AGM is being
		highlighted as potentially contentious. This is
		because of the continuing debate over the merits of
		the Chinalco deal announced on 12 February 2009.
		Some shareholders have raised serious concerns
		with the terms of the transaction and may feel that a
		vote against the Rio Tinto directors is an appropriate
		course of action at this stage. However, given
		that the transaction has not yet been finalised and,
		indeed, may not proceed in the manner currently
		envisaged, it is considered too early for a negative
		vote recommendation against the directors to be
		issued. That said, directors must be prepared to be
		held formally accountable for decisions they take in
		respect of the deal. Developments over the coming
		year will be monitored closely and any serious
		ongoing concerns will be taken fully into account
		when considering vote recommendations for the
		2010 AGM. The role of Jan du Plessis over the
		coming year will be particularly important given his
		position as incoming        Chairman of the
		Board. [Vote Recommendation: CONTENTIOUS
		FOR]
	4	Re-elect Sir David Clementi as Director		For	For		Mgmt
		Analysis & Vote
		Recommendation Exceptionally, the election/re-
		election of all directors at this AGM is being
Mgmt Rec - Company Management Recommended Vote								Page 117

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		highlighted as potentially contentious. This is
		because of the continuing debate over the merits of
		the Chinalco deal announced on 12 February 2009.
		Some shareholders have raised serious concerns
		with the terms of the transaction and may feel that a
		vote against the Rio Tinto directors is an appropriate
		course of action at this stage. However, given
		that the transaction has not yet been finalised and,
		indeed, may not proceed in the manner currently
		envisaged, it is considered too early for a negative
		vote recommendation against the directors to be
		issued. That said, directors must be prepared to be
		held formally accountable for decisions they take in
		respect of the deal. Developments over the coming
		year will be monitored closely and any serious
		ongoing concerns will be taken fully into account
		when considering vote recommendations for the
		2010  AGM. [Vote Recommendation:
		CONTENTIOUS FOR]
	5	Re-elect Sir Rod Eddington as Director		For	Against		Mgmt
		Summary & Vote
		Recommendation Shareholders will need to
		consider Sir Rod Eddington’s position based
		on the available information. Concerns have arisen
		about his performance as a non-executive director of
		Allco. The view has been taken in this report that
		given his position as an independent director who
		supported the Rubicon purchase by Allco, the value
		of which was substantially written down within seven
		months of acquisition, it appears reasonable for
		shareholders to question his continuing service as a
		member of the Rio Tinto board. It is also
		appropriate to consider Sir Rod Eddington's position
		in the context of the fact that he currently serves on
		seven boards - Rio Tinto, News Corporation, John
		Swire & Sons Pty, CLP Holdings, Allco, JP
		Morgan Australia and New Zealand and
		Infrastructure Australia - the last two of which he
		chairs. He is also Chairman Designate of ANZ
		Banking Group Ltd. In cases such as this, questions
		of whether or not an individual has sufficient time to
		dedicate to all his roles become
		relevant. Shareholders have a difficult judgement
		call to make when determining the appropriate voting
		stance on this resolution. Rio Tinto strongly defends
		Sir Rod Eddington's position on the board of Rio
		Tinto and has no hesitation in recommending that
		shareholders support his re-election. This report
		has concluded, however, that the situation at Allco
		raises questions about Sir Rod Eddington's
		performance as a director. It is therefore considered
Mgmt Rec - Company Management Recommended Vote								Page 118

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		reasonable that shareholders consider voting against
		his re-election to the board of Rio Tinto.
	6	Re-elect Andrew Gould as Director		For	For		Mgmt
		Analysis & Vote
		Recommendation Exceptionally, the election/re-
		election of all directors at this AGM is being
		highlighted as potentially contentious. This is
		because of the continuing debate over the merits of
		the Chinalco deal announced on 12 February 2009.
		Some shareholders have raised serious concerns
		with the terms of the transaction and may feel that a
		vote against the Rio Tinto directors is an appropriate
		course of action at this stage. However, given
		that the transaction has not yet been finalised and,
		indeed, may not proceed in the manner currently
		envisaged, it is considered too early for a negative
		vote recommendation against the directors to be
		issued. That said, directors must be prepared to be
		held formally accountable for decisions they take in
		respect of the deal. Developments over the coming
		year will be monitored closely and any serious
		ongoing concerns will be taken fully into account
		when considering vote recommendations for the
		2010 AGM. [Vote Recommendation:
		CONTENTIOUS FOR]
	7	Re-elect David Mayhew as Director		For	For		Mgmt
		Vote Recommendation Exceptionally, the
		election/re-election of all directors at this AGM is
		being highlighted as potentially contentious. This is
		because of the continuing debate over the merits of
		the Chinalco deal announced on 12 February 2009.
		Some shareholders have raised serious concerns
		with the terms of the transaction and may feel that a
		vote against the Rio Tinto directors is an appropriate
		course of action at this stage. However, given
		that the transaction has not yet been finalised and,
		indeed, may not proceed in the manner currently
		envisaged, it is considered too early for a negative
		vote recommendation against the directors to be
		issued. That said, directors must be prepared to be
		held formally accountable for decisions they take in
		respect of the deal. Developments over the coming
		year will be monitored closely and any serious
		ongoing concerns will be taken fully into account
		when considering vote recommendations for the
		2010 AGM. [Vote Recommendation:
		CONTENTIOUS FOR]
	8	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors and Authorise the
		Audit Committee to Determine Their
Mgmt Rec - Company Management Recommended Vote								Page 119

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Remuneration
	9	Amend Articles of Association and		For	For		Mgmt
		Amend the Constitution of Rio Tinto
		Limited Re: Non-Executive Directors'
		Fees
		Resolutions 10 to 13 will be Voted on
		by Rio Tinto plc Shareholders Only
	10	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from GBP
		142,123,283.30 to GBP
		170,000,000.30; Authorise Issue of
		Equity with Pre-emptive Rights up to
		GBP 32,948,000 in Connection with an
		Offer by Way of Rights Issue;
		Otherwise up to GBP 32,948,000
	11	Subject to the Passing of Resolution		For	For		Mgmt
		10, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 6,420,000
	12	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		be Called on Not Less Than 14 Clear
		Days' Notice
	13	Approve Scrip Dividend Program		For	For		Mgmt
		Resolution 14 will be Voted on by
		Rio Tinto plc and Rio Tinto Limited
		Shareholder Separately
	14	Adopt New Articles of Association;		For	For		Mgmt
		Amend Articles of Association; Amend
		the Constitution of Rio Tinto Limited
04/23/09 - A	Rockwood Holdings, Inc.		774415103			03/04/09		185
	*ROC*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Nance K. Dicciani --- For
	1.2	Elect Director J. Kent Masters ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	Against		Mgmt
	4	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
05/19/09 - A	Royal Dutch Shell plc		G7690A100			None		778
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 120

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Vote Recommendation In arriving at a voting
		decision on Royal Dutch Shell’s 2008
		remuneration report, shareholders should take into
		account a number of factors. The
		Company’s headline performance was
		strong in the year in question (although as the
		Company’s first quarter 2009 results
		suggest, a large factor for the increased profits in
		2008 was driven by increases in oil prices), in
		addition the Company has demonstrated improved
		performance in a number of key operational areas in
		recent years. That said, the Committee’s
		decision to release for vesting 50% of the
		performance shares awarded in 2006 under the
		LTIP, despite fourth placed TSR ranking compared to
		the four other global oil majors, is an area of
		considerable concern. The concern is intensified in
		the context of the global economic
		downturn. The Company provided detailed
		explanations and statistical indicators to support the
		Committee’s decision in this instance,
		including ‘outstanding’ Shell
		scorecard performance in 2006, 2007 and 2008 and
		generally median performance compared to the LTIP
		comparator group in a number of financial and
		operation areas other than TSR. After undertaking a
		thorough examination of the issues and after careful
		consideration, shareholders are advised to vote
		against the remuneration report for the following
		reasons: (i) The use of discretion occurred for
		the second consecutive year despite fourth placed
		relative TSR performance in both the 2005-07 and
		2006-08 performance periods; and (ii) The
		economic context in which the decision was taken,
		which leads to a case for considering that the
		Committee should have exercised more restraint in
		2008. Shareholders may wish to consider
		arriving at their own voting decision on this item
		based on the information contained in this report and
		the detailed explanations provided by the Company.
	3	Elect Simon Henry as Director		For	For		Mgmt
	4	Re-elect Lord Kerr of Kinlochard as		For	For		Mgmt
		Director
	5	Re-elect Wim Kok as Director		For	For		Mgmt
	6	Re-elect Nick Land as Director		For	For		Mgmt
	7	Re-elect Jorma Ollila as Director		For	For		Mgmt
	8	Re-elect Jeroen van der Veer as		For	For		Mgmt
		Director
	9	Re-elect Hans Wijers as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
Mgmt Rec - Company Management Recommended Vote								Page 121

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	11	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of EUR 145 Million
	13	Subject to the Previous Resolution		For	For		Mgmt
		Being Passed, Authorise Issue of
		Equity or Equity-Linked Securities
		without Pre-emptive Rights up to
		Aggregate Nominal Amount of EUR 21
		Million
	14	Authorise 624 Million Ordinary Shares		For	For		Mgmt
		for Market Purchase
	15	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Organisations
		Other than Political Parties up to GBP
		200,000 and to Incur EU Political
		Expenditure up to GBP 200,000
05/19/09 - A	Royal Dutch Shell plc		G7690A118			None		556
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
		Vote Recommendation In arriving at a voting
		decision on Royal Dutch Shell’s 2008
		remuneration report, shareholders should take into
		account a number of factors. The
		Company’s headline performance was
		strong in the year in question (although as the
		Company’s first quarter 2009 results
		suggest, a large factor for the increased profits in
		2008 was driven by increases in oil prices), in
		addition the Company has demonstrated improved
		performance in a number of key operational areas in
		recent years. That said, the Committee’s
		decision to release for vesting 50% of the
		performance shares awarded in 2006 under the
		LTIP, despite fourth placed TSR ranking compared to
		the four other global oil majors, is an area of
		considerable concern. The concern is intensified in
		the context of the global economic
		downturn. The Company provided detailed
		explanations and statistical indicators to support the
		Committee’s decision in this instance,
		including ‘outstanding’ Shell
		scorecard performance in 2006, 2007 and 2008 and
		generally median performance compared to the LTIP
		comparator group in a number of financial and
Mgmt Rec - Company Management Recommended Vote								Page 122

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		operation areas other than TSR. After undertaking a
		thorough examination of the issues and after careful
		consideration, shareholders are advised to vote
		against the remuneration report for the following
		reasons: (i) The use of discretion occurred for
		the second consecutive year despite fourth placed
		relative TSR performance in both the 2005-07 and
		2006-08 performance periods; and (ii) The
		economic context in which the decision was taken,
		which leads to a case for considering that the
		Committee should have exercised more restraint in
		2008. Shareholders may wish to consider
		arriving at their own voting decision on this item
		based on the information contained in this report and
		the detailed explanations provided by the Company.
	3	Elect Simon Henry as Director		For	For		Mgmt
	4	Re-elect Lord Kerr of Kinlochard as		For	For		Mgmt
		Director
	5	Re-elect Wim Kok as Director		For	For		Mgmt
	6	Re-elect Nick Land as Director		For	For		Mgmt
	7	Re-elect Jorma Ollila as Director		For	For		Mgmt
	8	Re-elect Jeroen van der Veer as		For	For		Mgmt
		Director
	9	Re-elect Hans Wijers as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of EUR 145 Million
	13	Subject to the Previous Resolution		For	For		Mgmt
		Being Passed, Authorise Issue of
		Equity or Equity-Linked Securities
		without Pre-emptive Rights up to
		Aggregate Nominal Amount of EUR 21
		Million
	14	Authorise 624 Million Ordinary Shares		For	For		Mgmt
		for Market Purchase
	15	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Organisations
		Other than Political Parties up to GBP
		200,000 and to Incur EU Political
		Expenditure up to GBP 200,000
04/22/09 - A	RWE AG		D6629K109			04/01/09		100
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
Mgmt Rec - Company Management Recommended Vote								Page 123

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 4.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
	6	Ratify PricewaterhouseCoopers AG for		For	For		Mgmt
		the Inspection of the 2009 Mid-Yearl
		Report
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Authorize Use of Financial Derivatives		For	For		Mgmt
		when Repurchasing Shares
	9	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 6
		Billion; Approve Creation of EUR 144
		Million Pool of Capital to Guarantee
		Conversion Rights
	10	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 6
		Billion; Approve Creation of EUR 144
		Million Pool of Capital to Guarantee
		Conversion Rights
	11	Amend Articles Re: Participation in the		For	For		Mgmt
		Annual Meeting; Chair of the Annual
		Meeting
	12	Amend Articles Re: Designation of		For	For		Mgmt
		Proxy
05/13/09 - A	Safeway Inc. *SWY*		786514208			03/16/09		873
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Provide for Cumulative Voting		Against	Against		ShrHoldr
	4	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Not needed; shareholders already have right to call
		special meeting and act by written consent.
	5	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
		Management responded meaningfully; no evidence
Mgmt Rec - Company Management Recommended Vote								Page 124

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		that proposal it the best way to achieve appropriate
		control of excessive executive comp or that it will
		improve shareholder returns.
06/19/09 - A	SAIC Inc *SAI*		78390X101			04/20/09		411
	1	Elect Directors		For	For		Mgmt
	2	Approve Conversion of Securities		For	For		Mgmt
		Eliminates dual class structure; no impact to existing
		shareholders.
	3	Ratify Auditors		For	For		Mgmt
04/17/09 -	Sanofi Aventis		F5548N101			04/14/09		260
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 2.20 per Share
	4	Ratify Appointment of Chris Viehbacher		For	For		Mgmt
		as Director
	5	Approve Auditors' Special Report		For	Against		Mgmt
		Regarding Related-Party Transactions
		The amount of the total severance package granted
		to Gerard Le Fur represents an amount exceeding
		twice his last annual cash compensation (salary and
		bonus). As a result, this item does not merit
		support.
	6	Approve Transaction with Chris		For	Against		Mgmt
		Viehbacher Re: Severance Payments
		Because of the lack of challenging performance
		criteria, this item does not merit approval.
	7	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	8	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 1.3 Billion
	9	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 500 Million
	10	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
Mgmt Rec - Company Management Recommended Vote								Page 125

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	11	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	12	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 500 Million for Bonus Issue
		or Increase in Par Value
	13	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	14	Authorize up to 2.5 Percent of Issued		For	Against		Mgmt
		Capital for Use in Stock Option Plan
		Because of the volume of shares to be granted is
		9.05 percent, which exceeds the 5-percent guideline,
		this proposal does not merit support.
	15	Authorize up to 1.0 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock Plan
		However, the lack of full disclosure on the future
		performance criteria prevents the analysis of these
		performance criteria's stringency from being
		performed. Due to this element, along with the fact
		that the volume of shares to be granted could reach
		7.64 percent, which is in excess of the 5-percent
		guideline, this proposal does not merit support.
	16	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	17	Amend Article 15 of the Bylaws Re:		For	For		Mgmt
		Audit Committee
	18	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/19/09 - A	SAP AG		D66992104			04/28/09		171
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify KPMG AG as Auditors for Fiscal		For	For		Mgmt
		2009
	6	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Amend Articles Re: Electronic Proxy		For	For		Mgmt
		Authorization due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
Mgmt Rec - Company Management Recommended Vote								Page 126

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/08/09 - A	Schlumberger Ltd. *SLB*		806857108			02/18/09		423
	1	Elect Directors		For	For		Mgmt
	2	Adopt and Approve Financials and		For	For		Mgmt
		Dividends
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	4	Approval of Independent Registered		For	For		Mgmt
		Public Accounting Firm
04/23/09 -	Schneider Electric SA		F86921107			04/20/09		57
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 3.45 per Share
	4	Approve Auditors' Special Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Approve Transaction with Jean-Pascal		For	Against		Mgmt
		Tricoire Re: Pension Scheme and
		Severance Payment
		The severance payment could exceed twice the last
		annual remuneration (fixed and variable) received
		and the performance criteria attached are not
		stringent or measurable. Moreover, the management
		board's chairman would benefit of his stock-options
		or free shares after his removal. For all those
		reasons, a vote against this resolution is warranted.
	6	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Ratify Change of Registered Office to		For	For		Mgmt
		35, Rue Joseph Monier, 92500 Rueil
		Malmaison and Amend Article 5 of
		Bylaws Accordingly
		Special Business
	8	Update Corporate Purpose and Amend		For	For		Mgmt
		Article 2 of Bylaws Accordingly
	9	Approve Share Ownership Disclosure		For	For		Mgmt
		Threshold
	10	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 800 Million
	11	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
Mgmt Rec - Company Management Recommended Vote								Page 127

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Amount of EUR 360 Million
	12	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	13	Authorize Capital Increase for Future		For	For		Mgmt
		Exchange Offers
	14	Authorize up to 3 Percent of Issued		For	Against		Mgmt
		Capital for Use in Stock Option Plan
		Given the dilution in excess of 5-percent guideline
		(6.76 percent), and as past plans were only partly
		subject to performance criteria (or not at all for some
		plans) and that those criteria are not measurable, this
		proposal does not merit approval.
	15	Authorize up to 1 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock Plan
		Because of the absence of stringent performance
		criteria and the fact that only half of the restricted
		shares are conditioned to the achievement of those
		criteria, opposition to this proposal is warranted.
	16	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	17	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for International Employees
	18	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	19	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
		Shareholder Proposals
	A	Limit Remuneration of Supervisory		Against	Against		ShrHoldr
		Board Members at the Aggregate
		Amount of EUR 600,000
		As the current remuneration is not excessive, this
		item does not warrant a vote in favor
04/27/09 - A	Seaboard Corp. *SEB*		811543107			03/02/09		3
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Steven J. Bresky ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.2	Elect Director David A. Adamsen ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.3	Elect Director Douglas W. Baena ---
		Withhold
Mgmt Rec - Company Management Recommended Vote								Page 128

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Comp committee member during period of poor pay
		practices.
	1.4	Elect Director Joseph E. Rodrigues ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.5	Elect Director Edward I. Shifman, Jr. ---
		For
	2	Ratify Auditors		For	For		Mgmt
	3	Reduce Authorized Common Stock		For	For		Mgmt
05/18/09 - A	Senior Housing Properties		81721M109			03/17/09		232
	Trust *SNH*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Jeffrey P. Somers --- For
	1.2	Elect Director Barry M. Portnoy ---
		Withhold
		Sits on 6 boards.
05/08/09 - A	Simon Property Group, Inc.		828806109			03/09/09		104
	*SPG*
	1	Approve Increase in Size of Board		For	Against		Mgmt
		Permits board to fix number of directors without
		shareholder approval.
	2	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
	3	Increase Authorized Common Stock		For	For		Mgmt
	4	Amend Charter to Delete Obsolete or		For	For		Mgmt
		Unnecessary Provisions
	5	Elect Directors		For	For		Mgmt
	6	Adjourn Meeting		For	Against		Mgmt
	7	Ratify Auditors		For	For		Mgmt
05/12/09 - A	Skyworks Solutions, Inc.		83088M102			03/24/09		363
	*SWKS*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Balakrishnan S. Iyer ---
		Withhold
		Sits on 6 boards.
	1.2	Elect Director Thomas C. Leonard ---
		For
	1.3	Elect Director Robert A. Schriesheim ---
		For
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 129

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/12/09 - A	Smith International, Inc. *SII*		832110100			03/13/09		327
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert Kelley --- For
	1.2	Elect Director Luiz Rodolfo Landim
		Machado --- Withhold
		Sits on 6 boards.
	1.3	Elect Director Doug Rock --- For
	2	Ratify Auditors		For	For		Mgmt
06/19/09 - A	Sohu.com Inc. *SOHU*		83408W103			04/17/09		79
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Charles Zhang --- For
	1.2	Elect Director Charles Huang --- For
	1.3	Elect Director Dave Qi --- For
	1.4	Elect Director Shi Wang --- Withhold
		This nominee attended less than 75% of board
		meetings during the previous two years.
	2	Ratify Auditors		For	For		Mgmt
06/19/09 - A	Sony Corp. *6758*		J76379106			03/31/09		241
	1	Amend Articles To Reflect Digitalization For			For		Mgmt
		of Share Certificates
	2	Elect Directors		For	For		Mgmt
	3	Approve Stock Option Plan		For	For		Mgmt
05/19/09 - A	Southwestern Energy Co.		845467109			03/23/09		699
	*SWN*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Lewis E. Epley, Jr. --- For
	1.2	Elect Director Robert L. Howard ---
		Withhold
		Comp committee member during period of poor pay
		practices (NEO change-in-control with tax-gross-ups;
		NEO are paid tax gross-ups on "all other comp" -
		$2.6m 2008.
	1.3	Elect Director Harold M. Korell --- For
	1.4	Elect Director Vello A. Kuuskraa ---
		Withhold
	1.5	Elect Director Kenneth R. Mourton ---
		Withhold
	1.6	Elect Director Charles E. Scharlau ---
		For
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 130

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/19/09 - A	StatoilHydro ASA (formerly		R8412T102			None		269
	Statoil ASA)
	1	Open Meeting		None	None		Mgmt
	2	Elect Olaug Svarva as Chairman of		For	For		Mgmt
		Meeting
	3	Approve Notice of Meeting and Agenda		For	For		Mgmt
	4	Registration of Attending Shareholders		None	None		Mgmt
		and Proxies
	5	Designate Inspectors of Minutes of		For	For		Mgmt
		Meeting
	6	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports; Approve Allocation
		of Income and Dividends of NOK 7.25
		per Share (NOK 4.40 as Ordinary
		Dividend and NOK 2.85 as Special
		Dividend)
	7	Approve Remuneration of Auditors		For	For		Mgmt
	8	Elect One Deputy Member of Corporate		For	Against		Mgmt
		Assembly
		Conclusion While the company's board of
		directors meets guidelines regarding independence,
		the omission of the name of the nominee for the
		corporate assembly makes it impossible to make an
		informed decision in this matter, which warrants a
		vote against this resolution.
	9	Approve Remuneration Policy And		For	Against		Mgmt
		Other Terms of Employment For
		Executive Management
		Conclusion The company's			overall
		remuneration policy appears to be well structured,
		with bonus to the CEO capped at 25 percent of
		salary, and severance terms limited to 24 months
		salary. However, as members of the executive group
		would, in essence, be granted free shares without
		any performance criteria attached other than a lock-
		up period under the LTI proposal, and due certain
		features of the ESPP in which they may participate,
		this item does not warrant approval.
	10	Authorize Repurchase and Reissuance		For	Against		Mgmt
		of Shares up to NOK 15 Million
		Aggregate Par Value for Share Saving
		Scheme for Employees
		Conclusion For share-matching plans without
		performance criteria, the initial investment in shares
		must be made at market price. Because the initial
		shares in the 1:1 share matching program may be
		purchased at a discount, this proposal does not merit
		approval.
Mgmt Rec - Company Management Recommended Vote								Page 131

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	11	Change Company Name to Statoil		For	For		Mgmt
		ASA; Amend Corporate Purpose:
		Include Other Forms of Energy
		Shareholder Proposals
	12	Withdraw Company From Tar Sands		Against	Against		ShrHoldr
		Activities in Canada
		Conclusion Increased disclosure on operations
		in sensitive environmental regions is most often
		warranted, especially in circumstances where there
		has been some controversy over the use of
		resources in the region and if the company
		operations may be materially impacted, which may
		appear to be the case at StatoilHydro. The
		company appears to significantly address the issues
		and risks facing its expansion of its oil sands
		operations in Canada. In light of the shifting price of
		energy resources, pending regulation, increasing
		concerns over scarcity of water, and increased
		potential of environmental degradation as a result of
		oil sands operations, the company appears to be
		taking a proactive approach regarding its
		sustainability reporting. In this case, the
		resolution requests that the company withdraw from
		tar sands operations in Canada. Although, further
		disclosure could be beneficial for the company and
		its shareholders by demonstrating the
		company’s active commitment to mitigate
		financial, reputational, environmental, and regulatory
		risk relating to its current and future tar sands
		operations, the request may be overly burdensome
		and/or costly to produce. It may not be necessarily
		beneficial to shareholders for the company to commit
		to discontinue operating in certain areas, such as the
		Canadian tar sands. Particularly with respect to
		discontinuing such tar sands operations, adopting a
		policy to withdraw could limit the company’s
		ability to take advantage of opportunities that would
		benefit the company and its shareholders. As such, a
		vote against this proposal is warranted.
04/28/09 - A	Strayer Education, Inc.		863236105			03/05/09		32
	*STRA*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert S. Silberman ---
		For
	1.2	Elect Director Dr. Charlotte F. Beason -
		-- For
	1.3	Elect Director William E. Brock --- For
	1.4	Elect Director David A. Coulter --- For
Mgmt Rec - Company Management Recommended Vote								Page 132

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.5	Elect Director Robert R. Grusky --- For
	1.6	Elect Director Robert L. Johnson ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.7	Elect Director Todd A. Milano ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.8	Elect Director G. Thomas Waite, III ---
		For
	1.9	Elect Director J. David Wargo ---
		Against
		Comp committee member during period of poor pay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
06/26/09 - A	SUMITOMO MITSUI		J7771X109			03/31/09		82
	FINANCIAL GROUP INC.
	*8316*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 20 for Ordinary
		Shares
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Authorize Public
		Announcements in Electronic Format -
		Clarify Terms of Alternate Statutory
		Auditors
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Statutory Auditor		For	For		Mgmt
	4.2	Appoint Statutory Auditor		For	For		Mgmt
	4.3	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	4.4	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
Mgmt Rec - Company Management Recommended Vote								Page 133

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		monitor of the company's activities on behalf of all
		shareholders.
	5	Appoint Alternate Statutory Auditor		For	For		Mgmt
	6	Approve Retirement Bonus Payment		For	Against		Mgmt
		for Directors and Statutory Auditors
		As the payment of retirement bonuses to
		outsiders is a highly inappropriate practice anywhere,
		not just in Japan, this proposal does not merit
		approval.
05/29/09 - A	Superior Industries		868168105			04/03/09		348
	International, Inc. *SUP*
	1	Elect Directors		For	For		Mgmt
	2	Approve Decrease in Size of Board		For	For		Mgmt
		Changes to 5-9 range From 9 - 15 range and sets at
		8 (current number); reduces expenses and does not
		appear to be motived by entrenchment.
	3	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
05/12/09 - A	SVB FINANCIAL GROUP		78486Q101			03/24/09		97
	*SIVB*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Eric A. Benhamou --- For
	1.2	Elect Director David M. Clapper --- For
	1.3	Elect Director Roger F. Dunbar --- For
	1.4	Elect Director Joel P. Friedman --- For
	1.5	Elect Director G. Felda Hardymon ---
		For
	1.6	Elect Director Alex W. 'Pete' Hart ---
		For
		Comp committee member during period of poor pay
		practices.
	1.7	Elect Director C. Richard Kramlich ---
		For
		Comp committee member during period of poor pay
		practices.
	1.8	Elect Director Lata Krishnan --- For
	1.9	Elect Director James R. Porter ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.10	Elect Director Michaela K. Rodeno ---
		Withhold
		Comp committee member during period of poor pay
Mgmt Rec - Company Management Recommended Vote								Page 134

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		practices.
	1.11	Elect Director Ken P. Wilcox --- For
	1.12	Elect Director Kyung H. Yoon ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officer's Compensation
		NEO change-in-control with tax gross-ups;
		severance 3X annual base, bonus.
04/14/09 - A	Sybase, Inc. *SY*		871130100			02/27/09		159
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director John S. Chen --- For
	1.2	Elect Director Richard C. Alberding ---
		Withhold
		Comp committee member responsible for single
		trigger change-in-control contracts with tax gross-
		ups.
	1.3	Elect Director Michael A. Daniels ---
		Withhold
		Comp committee member responsible for single
		trigger change-in-control contracts with tax gross-
		ups.
	1.4	Elect Director Alan B. Salisbury ---
		Withhold
		Comp committee member responsible for single
		trigger change-in-control contracts with tax gross-
		ups.
	1.5	Elect Director Jack E. Sum --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
04/08/09 - A	T. Rowe Price Group, Inc.		74144T108			02/06/09		458
	*TROW*
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Edward C. Bernard ---
		For
	1.2	Elect Director James T. Brady --- For
	1.3	Elect Director J. Alfred Broaddus, Jr. ---
		For
Mgmt Rec - Company Management Recommended Vote								Page 135

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.4	Elect Director Donald B. Hebb, Jr. ---
		For
	1.5	Elect Director James A.C. Kennedy ---
		For
	1.6	Elect Director Brian C. Rogers --- For
	1.7	Elect Director Alfred Sommer --- For
	1.8	Elect Director Dwight S. Taylor --- For
	1.9	Elect Director Anne Marie Whittemore -
		-- For
	2	Ratify Auditors		For	For		Mgmt
06/25/09 - A	Takeda Pharmaceutical Co.		J8129E108			03/31/09		180
	Ltd. *4502*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 92
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and
		the strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	4.2	Appoint Statutory Auditor		For	For		Mgmt
	5	Approve Annual Bonus Payment to		For	For		Mgmt
		Directors
05/28/09 -	Target Corporation *TGT*		87612E106			03/30/09		299
PC
		Management Proxy (White Card)
	1	Fix Number of Directors at 12		For	None		Mgmt
	2	Elect Director Mary N. Dillon		For	None		Mgmt
	3	Elect Director Richard M. Kovacevich		For	None		Mgmt
	4	Elect Director George W. Tamke		For	None		Mgmt
	5	Elect Director Solomon D. Trujillo		For	None		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 136

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6	Ratify Auditors		For	None		Mgmt
	7	Amend Omnibus Stock Plan		For	None		Mgmt
	8	Advisory Vote to Ratify Named		Against	None		ShrHoldr
		Executive Officers' Compensation
		Dissident Proxy (Gold Card)
	1	Fix Number of Directors at 12		Against	For		Mgmt
		Increases likelihood that Jim Donald will be the one
		dissident nominee elected to the board.
	2.1	Elect Director William A. Ackman		For	Withhold		ShrHoldr
	2.2	Elect Director Michael L. Ashner		For	Withhold		ShrHoldr
	2.3	Elect Director James L. Donald		For	For		ShrHoldr
		Per TBCAM analyst: I think he would be a great
		addition due to previous supermarket experience. As
		TGT tries to grow its grocery business from the
		current 15-20% he would be instrumental in
		developing assortments and new distribution
		networks for the additional perishable products.
	2.4	Elect Director Richard W. Vague		For	Withhold		ShrHoldr
	3	Elect Director Ronald J. Gilson		For	Against		ShrHoldr
		WITHHOLD from this nominee cannot be processed
		by Broadridge per Meghan Orifici 5/26/09.
	4	Ratify Auditors		For	For		Mgmt
	5	Amend Omnibus Stock Plan		For	For		Mgmt
	6	Advisory Vote to Ratify Named		Abstain	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
05/19/09 - A	Texas Capital Bancshares		88224Q107			03/31/09		296
	Inc *TCBI*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Directors George F. Jones, Jr. ---
		For
	1.2	Elect Directors Peter B. Bartholow ---
		For
	1.3	Elect Directors Joseph M. (Jody) Grant
		--- For
	1.4	Elect Directors Frederick B. Hegi, Jr. ---
		Withhold
		Comp committee member during period of poor pay
		praxtices; NEO change-in-control with tax gross-ups;
		unusually long and complex comp arrangesment for
		former CEO with demontration of benefit to company
		or shareholders.
	1.5	Elect Directors Larry L. Helm --- For
	1.6	Elect Directors James R. Holland, Jr. ---
		For
Mgmt Rec - Company Management Recommended Vote								Page 137

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.7	Elect Directors W. W. McAllister III ---
		For
	1.8	Elect Directors Lee Roy Mitchell ---
		Withhold
		Comp committee member during period of poor pay
		praxtices; NEO change-in-control with tax gross-ups;
		unusually long and complex comp arrangesment for
		former CEO with demontration of benefit to company
		or shareholders.
	1.9	Elect Directors Steven P. Rosenberg ---
		Withhold
		Comp committee member during period of poor pay
		praxtices; NEO change-in-control with tax gross-ups;
		unusually long and complex comp arrangesment for
		former CEO with demontration of benefit to company
		or shareholders.
	1.10	Elect Directors Robert W. Stallings ---
		For
	1.11	Elect Directors Ian J. Turpin --- For
	2	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		NEO change-in-control with tax gross-ups; unusually
		long and complex comp arrangesment for former
		CEO with demontration of benefit to company or
		shareholders.
04/14/09 - A	The Bank Of New York		064058100			02/13/09		459
	Mellon Corp. *BK*
	1	Elect Directors		For	For		Mgmt
	2	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
	3	Ratify Auditors		For	For		Mgmt
	4	Provide for Cumulative Voting		Against	For		ShrHoldr
	5	Stock Retention/Holding Period		Against	For		ShrHoldr
04/27/09 - A	The Boeing Co. *BA*		097023105			02/27/09		278
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	Against		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Provide for Cumulative Voting		Against	Against		ShrHoldr
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior proposals supported by PPC.
	6	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Mgmt responded meaningfully; no evidence of non-
Mgmt Rec - Company Management Recommended Vote								Page 138

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		compliance with current law or that proposal will
		result in improved shareholder returns.
	7	Report on Foreign Military Sales		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence of non-
		compliance with current law or that proposal will
		result in improved shareholder returns.
	8	Require Independent Lead Director		Against	Against		ShrHoldr
		Lead director in place.
	9	Restrict Severance Agreements		Against	Against		ShrHoldr
		(Change-in-Control)
	10	Report on Political Contributions		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence of non-
		compliance with current law or that proposal will
		result in improved shareholder returns.
05/14/09 - A	The Charles Schwab Corp.		808513105			03/16/09		393
	*SCHW*
	1	Elect Directors		For	For		Mgmt
	2	Report on Political Contributions		Against	Against		ShrHoldr
		Board member when poison pill was adopted without
		shareholder vote (no qualified offer clause or sunset
		provision).
	3	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
		Management responded meaningfully; no evidence
		that proposal will accomplish appropriate executive
		compensation controls with industory parameters or
		will improce shareholder returns.
	4	Amend Corporate Executive Bonus		Against	Against		ShrHoldr
		Plan
		Management responded meaningfully; no evidence
		that proposal will accomplish appropriate executive
		compensation controls with industory parameters or
		will improce shareholder returns.
04/22/09 - A	The Coca-Cola Company		191216100			02/23/09		875
	*KO*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Herbert A. Allen --- For
	1.2	Elect Director Ronald W. Allen ---
		Against
		Comp committee member during period of
Mgmt Rec - Company Management Recommended Vote								Page 139

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		pay/performance disconnect and poor pay practices.
	1.3	Elect Director Cathleen P. Black ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.4	Elect Director Barry Diller --- For
	1.5	Elect Director Alexis M. Herman ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.6	Elect Director Muhtar Kent --- For
	1.7	Elect Director Donald R. Keough --- For
	1.8	Elect Director Maria Elena Lagomsino -
		-- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.9	Elect Director Donald F. McHenry ---
		For
	1.10	Elect Director Sam Nunn --- For
	1.11	Elect Director James D. Robinson III ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.12	Elect Director Peter V. Ueberroth ---
		For
	1.13	Elect Director Jacob Wallenberg ---
		Against
		Sits on 6 public boards.
	1.14	Elect Director James B. Williams --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Same non-binding advisory proposal previously
		supported by PPC.
	4	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	5	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
		Committee on Human Rights
		Mgmt responded meaningfully; no evidence that
		company is not in compliance with current law or that
		proposal would improve shareholder returns or
		management’s record on covered issues.
	6	Performance-Based Awards		Against	Against		ShrHoldr
		Company already substantially performing as
		proposal requests.
Mgmt Rec - Company Management Recommended Vote								Page 140

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/02/09 - A	The DirecTV Group, Inc		25459L106			04/03/09		402
	*DTV*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	4	Declassify the Board of Directors		Against	For		ShrHoldr
05/14/09 - A	The Dow Chemical Company		260543103			03/16/09		357
	*DOW*
	1	Elect Director Arnold A. Allemang		For	For		Mgmt
	2	Elect Director Jacqueline K. Barton		For	For		Mgmt
	3	Elect Director James A. Bell		For	For		Mgmt
	4	Elect Director Jeff M. Fettig		For	For		Mgmt
	5	Elect Director Barbara H. Franklin		For	For		Mgmt
	6	Elect Director John B. Hess		For	For		Mgmt
	7	Elect Director Andrew N. Liveris		For	For		Mgmt
	8	Elect Director Geoffery E. Merszei		For	For		Mgmt
	9	Elect Director Dennis H. Reilley		For	For		Mgmt
	10	Elect Director James M. Ringler		For	Against		Mgmt
		Sits on 6 boards.
	11	Elect Director Ruth G. Shaw		For	For		Mgmt
	12	Elect Director Paul G. Stern		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Restore or Provide for Cumulative		Against	Against		ShrHoldr
		Voting
	15	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholders currentaly have right to call special
		meeting (50%)
	16	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Overly restictive and not the best way to bring about
		appropriate executive compensation controls.
	17	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	18	Report on Environmental Remediation		Against	Against		ShrHoldr
		in Midland Area
		Management responded meaningfully; company
		appears to be dealing with environmental issues with
		the legal, scientific and technical means available;
		ample publis disclosure is avaiable; waters are pretty
		muddy in this evolving area of law and practice.
Mgmt Rec - Company Management Recommended Vote								Page 141

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/08/09 - A	The Goldman Sachs Group,		38141G104			03/09/09		136
	Inc. *GS*
	1	Elect Director Lloyd C. Blankfein		For	For		Mgmt
	2	Elect Director John H. Bryan		For	For		Mgmt
	3	Elect Director Gary D. Cohn		For	For		Mgmt
	4	Elect Director Claes Dahlback		For	For		Mgmt
	5	Elect Director Stephen Friedman		For	For		Mgmt
	6	Elect Director William W. George		For	For		Mgmt
	7	Elect Director Rajat K. Gupta		For	Against		Mgmt
		Sits on 6 public boards and 12 non-public boards.
	8	Elect Director James A. Johnson		For	For		Mgmt
	9	Elect Director Lois D. Juliber		For	For		Mgmt
	10	Elect Director Lakshmi N. Mittal		For	For		Mgmt
	11	Elect Director James J. Schiro		For	For		Mgmt
	12	Elect Director Ruth J. Simmons		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of  egregious pay/performance
		disconnect or poor pay practices; Shareholder
		Returns 1 yr% 3 yr% 5 yr%: Company -64.82 -14.40
		-3.01, S&P 500 -36.99 -8.36 -2.19, GICS peers -
		52.27 -20.28 -8.50; CEO Total Comp $53.5 mil
		’08, $59.8 ’07, Median Peer $22.6
		’08.
	15	Provide for Cumulative Voting		Against	Against		ShrHoldr
		Standing policy.
	16	Reduce Supermajority Vote		Against	For		ShrHoldr
		Requirement
		Standing policy.
	17	Amend By-Laws to Establish Board		Against	Against		ShrHoldr
		U.S. Economic Security Committee
		Overreaching, binding shareholder proposal lacking
		in evidence that it will improve shareholder returns or
		is the appropriate vehicle to accomplish proponents
		objectives.
	18	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/03/09 - A	The Royal Bank of Scotland		G76891111			None		2,437
	Group plc
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
Mgmt Rec - Company Management Recommended Vote								Page 142

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Approve Remuneration Report		For	Abstain		Mgmt
		Conclusion and Vote Recommendation In
		arriving at their voting decision, shareholders should
		take note of the Company’s remuneration
		practices during the year, including the award of
		significant salary increases, the use of vesting scales
		that rise above the size of the initial award, one-off
		on-appointment awards without performance criteria,
		and the use of actuarial waivers under the
		Company’s pension scheme in line with
		their contractual obligation. It is also noted that
		much of the disgressions in terms of remuneration
		good practice lie in the past with the involved
		directors having stepped down from the Board,
		including the former Chairman of the Remuneration
		Committee. Shareholders should also take into
		account the Company’s remuneration policy
		going forward, which is generally in line with best
		practice guidelines - albeit no doubt in great part due
		to HM Treasury’s influence. There have
		been a number of positive steps made in respect of
		better alignment of the Company’s
		remuneration policy with current good practice,
		including: - No bonus awards for Executive
		Directors for the 2008 financial year; - No basic
		salary increase in 2009; - Annual incentives for
		2009 will be deferred for up to three years with
		potential clawback; - No further payments will be
		made under the Profit Sharing Scheme for 2009
		onwards; - Long-term incentive awards will be
		made at lower levels compared to 2008; - The
		provision for an undiscounted pension on early
		retirement at employer request will not apply to any
		Executive  Director appointed in the
		future. However, given the Company’s
		recent performance - resulting in its ultimate need for
		Government funding - shareholders may be reticent
		to approve  the Company’s past
		remuneration practices, despite the marked
		improvements made since the UKFI’s
		involvement. As identified above, there also remain
		some on-going elements of remuneration practices
		which may be considered negative and which will
		continued to be monitored closely. Given this
		combination of factors, shareholders are
		recommended to abstain on the approval of the
		remuneration report at this time, although support
		may be appropriate in future years (given current
		information). For those shareholders who have a
		fiduciary responsibility to vote either in favour or
		against and who do not recognise an abstention as
Mgmt Rec - Company Management Recommended Vote								Page 143

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		valid option, we recommend that they approve this
		resolution.
	3	Elect Philip Hampton as Director		For	For		Mgmt
	4	Elect Stephen Hester as Director		For	For		Mgmt
	5	Elect John McFarlane as Director		For	For		Mgmt
	6	Elect Arthur Ryan as Director		For	For		Mgmt
	7	Reappoint Deloitte LLP as Auditors of		For	For		Mgmt
		the Company
	8	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	9	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital by GBP
		7,500,000,000
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 3,288,000,408 (Rights
		Issue); Otherwise up to GBP
		3,288,000,408
	11	Subject to the Passing of the Preceding		For	For		Mgmt
		Resolution, Authorise Issue of Equity or
		Equity-Linked Securities without Pre-
		emptive Rights up to Aggregate
		Nominal Amount of GBP 493,200,061
	12	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
04/03/09 - S	The Royal Bank of Scotland		G76891111			None		2,437
	Group plc
	1	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital by
		16,909,716,385 New Ordinary Shares
		of 25 Pence Each; Authorise Issue of
		Equity with Pre-emptive Rights up to
		GBP 4,227,429,096.25 (Placing and
		Open Offer)
	2	Approve the Placing and Open Offer;		For	For		Mgmt
		Approve the Preference Share
		Redemption
	3	Amend Articles of Association Re:		For	For		Mgmt
		Preference Share Redemption
	4	Subject to and Conditional Upon the		For	For		Mgmt
		Passing of Resolution 1, Authorise
		Issue of Equity or Equity-Linked
		Securities without Pre-emptive Rights
		up to Aggregate Nominal Amount of
		GBP 4,227,429,096.25 (Placing and
		Open Offer)
Mgmt Rec - Company Management Recommended Vote								Page 144

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/13/09 - A	The Western Union Company		959802109			03/16/09		276
	*WU*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	Thermo Fisher Scientific Inc.		883556102			03/27/09		145
	*TMO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/08/09 - A	TIBCO Software, Inc. *TIBX*		88632Q103			02/09/09		211
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Vivek Y. Ranadive --- For
	1.2	Elect Director Eric C.W. Dunn --- For
	1.3	Elect Director Narendra K. Gupta ---
		For
	1.4	Elect Director Peter J. Job --- For
	1.5	Elect Director Philip K. Wood --- For
	2.	Ratify Auditors		For	For		Mgmt
06/03/09 - A	Time Warner Cable Inc.		88732J207			04/08/09		112
	*TWC*
	1	Elect Director Carole Black		For	For		Mgmt
	2	Elect Director Glenn A. Britt		For	For		Mgmt
	3	Elect Director Thomas H. Castro		For	For		Mgmt
	4	Elect Director David C. Chang		For	For		Mgmt
	5	Elect Director James E. Copeland, Jr.		For	For		Mgmt
	6	Elect Director Peter R. Haje		For	For		Mgmt
	7	Elect Director Donna A. James		For	For		Mgmt
	8	Elect Director Don Logan		For	For		Mgmt
	9	Elect Director N.J. Nicholas, Jr.		For	For		Mgmt
	10	Elect Director Wayne H. Pace		For	For		Mgmt
	11	Elect Director Edward D. Shirley		For	For		Mgmt
	12	Elect Director John E. Sununu		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
05/28/09 - A	Time Warner Inc *TWX*		887317303			04/03/09		449
	1	Elect Directors		For	Split		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 145

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.1	Elect Director Herbert M. Allison, Jr. ---
		For
	1.2	Elect Director James L. Barksdale ---
		For
	1.3	Elect Director Jeffrey L. Bewkes --- For
	1.4	Elect Director Stephen F. Bollenbach --
		- For
	1.5	Elect Director Frank J. Caufield ---
		Against
		Comp committee member during period of poor pay
		practices. Excessing perks for retired CEO.
	1.6	Elect Director Robert C. Clark --- For
	1.7	Elect Director Mathias Dopfner ---
		Against
		Comp committee member during period of poor pay
		practices. Excessing perks for retired CEO.
	1.8	Elect Director Jessica P. Einhorn --- For
	1.9	Elect Director Michael A. Miles ---
		Against
		Comp committee member during period of poor pay
		practices. Excessing perks for retired CEO.
	1.10	Elect Director Kenneth J. Novack ---
		For
	1.11	Elect Director Deborah C. Wright ---
		Against
		Comp committee member during period of poor pay
		practices. Excessing perks for retired CEO.
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Provide for Cumulative Voting		Against	Against		ShrHoldr
	5	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholder currently have right to call special
		meeting (25%).
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
06/24/09 - A	Toshiba Corp. *6502*		J89752117			03/31/09		797
		Management Proposals
	1	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	2	Elect Directors		For	Split		Mgmt
	2.1	Elect Director Atsutoshi Nishida --- For
	2.2	Elect Director Masashi Muromachi ---
		For
Mgmt Rec - Company Management Recommended Vote								Page 146

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2.3	Elect Director Norio Sasaki --- For
	2.4	Elect Director Fumio Muraoka --- For
	2.5	Elect Director Masao Namiki --- For
	2.6	Elect Director Kazuo Tanigawa --- For
	2.7	Elect Director Shigeo Koguchi --- For
	2.8	Elect Director Kiichiro Furusawa ---
		Against
	2.9	Elect Director Hiroshi Hirabayashi ---
		For
	2.10	Elect Director Takeshi Sasaki --- For
	2.11	Elect Director Ichiro Tai --- For
	2.12	Elect Director Yoshihiro Maeda --- For
	2.13	Elect Director Hiroshi Horioka --- For
	2.14	Elect Director Takeo Kosugi --- For
	3	Approve Takeover Defense Plan		For	Against		Mgmt
		(Poison Pill)
		The most effective defense against a hostile takeover
		is always for a company to increase its valuation.
		Because we believe that voting down the takeover
		defense will help to keep up pressure on Toshiba
		management to continue to increase value, we
		recommend a vote against this resolution.
		Shareholder Proposals
	4	Amend Articles to Incorporate an Essay		Against	Against		ShrHoldr
		Calling for Greater Disclosure on Past
		Incidents
		This is apparently a case of a whistleblower who
		feels he was mistreated by the company, and is
		determined to pursue his personal dispute with the
		company as far as possible. The statement, which is
		more an accusatory essay than a statement of policy
		appropriate to articles of association, appears to us
		an abuse of shareholder rights to create a soapbox
		from which to harass management in the context of
		an obviously emotional dispute. We do not believe
		that turning the annual shareholder meeting into a
		forum for the airing of grievances will benefit portfolio
		investors in the company. Moreover, we regard
		disclosure judgments in specific matters such as
		those referenced here as appropriate to be
		determined by management with board oversight,
		until and unless clearer evidence emerges that
		management or the board is not acting in the best
		interests of shareholders. We recommend a vote
		against this proposal.
	5	Amend Articles to Deem Non-Votes as		Against	Against		ShrHoldr
		Votes AGAINST Meeting Agenda Items
		Because the proponent's proposed change would
Mgmt Rec - Company Management Recommended Vote								Page 147

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		replace one tallying distortion with another, we
		cannot support this item.
	6	Amend Articles to Require Disclosure		Against	Against		ShrHoldr
		of Punitive Action Against Directors and
		Officers
		While this item starts with a clearer initial expression
		of the proposed change than the rambling essay in
		Item 4, the total statement develops into an essay
		quite similar to the one proposed in Item 4. The
		lengthy statement appears to us an abuse of
		shareholder rights to create a soapbox from which to
		harass management in the context of an obviously
		emotional dispute. We do not believe that turning the
		annual shareholder meeting into a forum for the
		airing of grievances will benefit portfolio investors in
		the company. Moreover, we regard disclosure
		judgments in specific matters such as those
		referenced here as appropriate to be determined by
		management with board oversight, until and unless
		clearer evidence emerges that management or the
		board is not acting in the best interests of
		shareholders. We recommend a vote against this
		proposal.
	7	Amend Articles to Require Disclosure		Against	Against		ShrHoldr
		of Truth Behind Fraudulent Billing of
		NEDO
		The proponent has not provided sufficient evidence
		for shareholders to suspect ongoing fraud, or the
		coverup of the sort of systematic or organized
		embezzlement that would seriously call into question
		the board's fitness to oversee the company. The
		matter does not appear serious enough, or to have
		enough continuing relevance, to justify the disclosure
		sought. We recommend a vote against this
		amendment.
	8	Amend Articles to Require Disclosure		Against	Against		ShrHoldr
		of Individual Historical Compensation
		for Directors and Officers
		We recommend votes against this amendment.
	9	Amend Articles to Require Disclosure		Against	Against		ShrHoldr
		of Individual Historical Compensation
		for Outside Advisors
		It is inherently hard for RMG or for shareholders
		generally to judge whether Toshiba is abusing
		advisor contracts to provide an improper retirement
		benefit, but we are inclined to trust the board to raise
		such issues on shareholders behalf, until and unless
		clear evidence emerges of dereliction. Toshiba is one
		of a minority of firms whose board includes
Mgmt Rec - Company Management Recommended Vote								Page 148

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		nomination, audit and compensation committees
		each with a non-executive majority. The
		compensation committee and arguably the audit
		committee have responsibility for this sort of
		oversight, and we do not see evidence that they are
		not attentive to this concern. Also, as in the
		preceding item, we are leery of reporting
		requirements that risk effectively subjecting such
		detailed decisions improperly to shareholder
		referendum. RMG recommends opposing this item.
	10	Amend Articles to Require Disclosure		Against	Against		ShrHoldr
		Concerning Former Public Officials
		Employed by Toshiba
		It is common for large Japanese companies,
		especially financial institutions and companies
		involved in public works contracting, to employ
		former officials of the national government and local
		governments in an advisory capacity, or even to
		incorporate them into senior management. The
		practice is known as "amakudari" (literally "descent
		from heaven"). While the practice has been criticized
		for fostering lax regulation, it would be an
		exaggeration to say that such employment is always
		problematic. The proponent does not claim that the
		hiring of former officials was the cause of the
		overbilling incident discussed above (e.g. Item 4) or
		tie it to other specific instances of malfeasance. We
		do not believe that an article amendment mandating
		disclosure of amakudari going back an indefinite
		number years would enhance shareholder value at
		Toshiba going forward.
	11	Amend Articles to Create a Committee		Against	Against		ShrHoldr
		to Investigate and Prevent Recurrence
		of Wrongdoing
		The proponent has not provided sufficient evidence
		to suspect ongoing fraud, or the coverup of the sort
		of systematic or organized embezzlement that would
		seriously call into question the board's fitness to
		oversee the company. The allegations do not appear
		serious enough, or to have enough continuing
		relevance, to justify setting up a committee that
		would be charged with revisiting business that the
		board claims it has addressed and continues to
		monitor in an appropriate manner. We recommend a
		vote against this item.
	12	Amend Articles to Ban Investment in		Against	Against		ShrHoldr
		Semiconductor Manufacturing
		While Toshiba is certainly facing a tough market
		environment with sector-wide weak demand, the
		proponent has not provided sufficient evidence that
Mgmt Rec - Company Management Recommended Vote								Page 149

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		the board cannot be trusted to oversee
		management's strategic decisions. Moreover, even if
		we were convinced that the board was not competent
		in this area, the solution would lie in changes to the
		board rather than inflexible rules such as the one
		proposed here. We recommend a vote against this
		item.
	13	Amend Articles to Pay Temporary		Against	Against		ShrHoldr
		Workers No Less than Employees
		Pay levels for temporary workers are typically lower
		than for permanent employees for various reasons,
		in Japan as elsewhere, including the fact that
		temporary workers typically lack the experience and
		familiarity with the job offered by permanent
		employees. The proponent does not argue that the
		firm has violated any laws or regulations in hiring
		temporary workers, and we do not agree that their
		use at a lower pay rate than permanent employees is
		inherently unethical or exploitative. On the contrary,
		paying much more than the locally prevailing rate for
		temporary workers would both waste shareholder
		resources and pose challenges of how to choose
		among temp agencies or individual applicants who
		would clamor for temporary assignments, especially
		in the current economic environment. To the extent
		that poor pay and benefits for temporary workers are
		seen as a societal problem in Japan, the issues
		would seem to be more appropriately addressed by
		the Ministry of Health, Labor and Welfare than by any
		particular corporation.
05/15/09 -	Total SA		F92124100			05/12/09		449
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 2.28 per Share
	4	Approve Special Auditors' Report		For	For		Mgmt
		Presenting Ongoing Related-Party
		Transactions
	5	Approve Transaction with Thierry		For	For		Mgmt
		Desmarest
	6	Approve Transaction with Christophe		For	Against		Mgmt
		de Margerie
		Of the three criteria, only two need be achieved for
		de Margerie to receive the payment proposed under
Mgmt Rec - Company Management Recommended Vote								Page 150

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		this item. The two performance conditions which
		have been met this year, and have been easily
		achieved by de Margerie over each of the last two
		years, are not sufficiently challenging. Because of the
		lack of challenging performance criteria, this item
		does not merit approval.
	7	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	8	Reelect Anne Lauvergeon as Director		For	Against		Mgmt
		For this market, if the proposed board does not
		consist of a majority of independent directors, the
		election or reelection of any non-independent director
		(except the CEO) is not warranted. At Total, if
		all the elections proposed at this general meeting
		were approved, only 47 percent of the board of
		directors would be independent. Therefore, the
		elections of the non-independent directors, Anne
		Lauvergeon, Daniel Bouton, and Michel Pebereau,
		do not merit approval. However, the elections of
		independent directors, Bertrand Collomb and Patrick
		Artus, as well as the CEO, Christophe de Margerie,
		warrant support. Michel Pebereau is considered
		an executive of BNP Paribas, as he was entitled to
		receive a salary, a bonus, and share-based plan
		awards in line with highest paid executives of the
		company in fiscal year 2008 (Source: BNP Paribas
		2008 Annual Report, p.237). Moreover, he serves on
		the board of six other listed companies, namely: BNP
		Paribas, Lafarge, Saint Gobain, EADS, Pargesa
		Holding, EADS, and AXA. Hence, as he is an
		executive corporate officer who holds more than
		three directorships in listed companies outside the
		group, Pebreau's reelection does not warrant
		support.
	9	Reelect Daniel Bouton as Director		For	Against		Mgmt
	10	Reelect Bertrand Collomb as Director		For	For		Mgmt
	11	Reelect Christophe de Margerie as		For	For		Mgmt
		Director
	12	Reelect Michel Pebereau as Director		For	Against		Mgmt
	13	Electe Patrick Artus as Director		For	For		Mgmt
		Special Business
	14	Amend Article 12 of Bylaws Re: Age		For	For		Mgmt
		Limit for Chairman
		Shareholder Proposals
	A	Amend Article 19 of Bylaws Re:		Against	Against		ShrHoldr
		Disclosure of Individual Stock Plans
		As this proposal would not provide a higher level of
		disclosure with regard to the grant of stock options
		and free shares to corporate officers, this resolution
		warrants opposition.
Mgmt Rec - Company Management Recommended Vote								Page 151

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	B	Amend Article 11 of Bylaws Re:		Against	Against		ShrHoldr
		Nomination of Employees Shareholders
		Representative to the Board of
		Directors
		RMG Conclusion As this amendment would
		provide a restrictive process to designate candidates
		for the position of employee shareholders board
		representative and because the positive aspects of
		this process could not be clearly determined, this
		proposal warrants opposition.
	C	Approve Restricted Stock Plan to All		Against	Against		ShrHoldr
		Employees
		Given the absence of information on performance
		criteria, this proposal warrants opposition.
06/23/09 - A	Toyota Motor Corp. *7203*		J92676113			03/31/09		642
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 35
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Authorize Public
		Announcements in Electronic Format
	3	Elect Directors		For	For		Mgmt
	4	Approve Stock Option Plan		For	For		Mgmt
05/13/09 - A	Tupperware Brands Corp.		899896104			03/16/09		142
	*TUP*
	1	Elect Director Kriss Cloninger III		For	For		Mgmt
	2	Elect Director Joe R. Lee		For	For		Mgmt
	3	Elect Director Bob Marbut		For	For		Mgmt
	4	Elect Director David R. Parker		For	For		Mgmt
	5	Elect Director J. Patrick Spainhour		For	For		Mgmt
	6	Ratify Auditors		For	For		Mgmt
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
06/04/09 - A	TW Telecom, Inc. *TWTC*		87311L104			04/06/09		304
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Gregory J. Attorri --- For
	1.2	Elect Director Spencer B. Hays --- For
	1.3	Elect Director Larissa L. Herda --- For
	1.4	Elect Director Kevin W. Mooney ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO single trigger change-in-control.
	1.5	Elect Director Kirby G. Pickle ---
		Withhold
Mgmt Rec - Company Management Recommended Vote								Page 152

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Comp committee member during period of poor pay
		practices. CEO single trigger change-in-control.
	1.6	Elect Director Roscoe C. Young, II ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO single trigger change-in-control.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Adopt Shareholder Rights Plan (Poison		For	For		Mgmt
		Pill)
		NOL pill to preserve carry-over value in $1.1 bil in
		pre-tax losses. The NOLs will begin to expire at
		various times beginning in 2019 and ending in 2026.
		On a comparative level, as of Feb. 28, 2009, the
		company s market capitalization was approximately
		$1.2 billion
	5	Advisory Vote to Ratify Director's and		Against	For		ShrHoldr
		Officer's Compensation
06/22/09 - A	Tyco Electronics Ltd. *TEL*		G9144P105			04/03/09		225
	1	Elect Directors		For	For		Mgmt
	2	Approve Amended and Restated Tyco		For	For		Mgmt
		Electronics Ltd. 2007 Stock and
		Incentive Plan
	3	Approve Deloitte & Touche LLP as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
06/22/09 - S	Tyco Electronics Ltd. *TEL*		G9144P105			04/06/09		225
	1	Change Country of Incorporation from		For	For		Mgmt
		Bermuda to Switzerland
	2	Amend Bye-laws Re: Eliminate Certain		For	For		Mgmt
		Supermajority Vote Requirements
	3	Amend Bye-laws Re: Increase		For	For		Mgmt
		Registered Share Capital
	4	Approve Dividend of USD 0.16 Per		For	For		Mgmt
		Share Through a Reduction in Share
		Capital
	5	Approve Swiss Law as the Authoritative		For	For		Mgmt
		Governing Legislation
	6	Change Company Name to Tyco		For	For		Mgmt
		Electronics Ltd.
	7	Amend Corporate Purpose		For	For		Mgmt
	8	Adopt New Articles of Association		For	For		Mgmt
	9	Approve Schaffhausen, Switzerland as		For	For		Mgmt
		Principal Place of Business
	10	Appoint PricewaterhouseCoopers AG,		For	For		Mgmt
		Zurich as Special Auditor
Mgmt Rec - Company Management Recommended Vote								Page 153

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	11	Ratify Deloitte AG as Auditors		For	For		Mgmt
	12	Approve Additional Provisions to the		For	Against		Mgmt
		Articles of Association Re: Limit the
		Number of Shares that may be
		Registered
	13	Approve Additional Provisions to the		For	Against		Mgmt
		Articles of Association Re:
		Supermajority Vote and Amendment to
		the Provisions in Proposal 12
	14	Adjourn Meeting		For	For		Mgmt
04/21/09 - A	U.S. Bancorp *USB*		902973304			02/23/09		685
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Douglas M. Baker, Jr. ---
		For
	1.2	Elect Director Y. Marc Belton --- For
	1.3	Elect Director Richard K. Davis --- For
	1.4	Elect Director Joel W. Johnson --- For
	1.5	Elect Director David O'Maley --- For
	1.6	Elect Director O'dell M. Owens --- For
	1.7	Elect Director Craig D. Schnuck --- For
	1.8	Elect Director Patrick T. Stokes ---
		Against
		Comp committee member during period poor pay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		NEO CIC with tax gross-ups.
04/21/09 - A	UMB Financial Corp. *UMBF* 902788108					02/27/09		102
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		Against	For		ShrHoldr
04/29/09 -	UniCredit SpA (formerly		T95132105			04/23/09		2,019
A/S	Unicredito Italiano SpA)
		Ordinary Business
	1	Accept Financial Statements,		For	For		Mgmt
		Consolidated Financial Statements,
		and Statutory Reports
		In this case, the company has not yet disclosed a
		draft version of the annual report. Due to the lack of
		disclosure provided by the company, investors
		should consider whether an abstain vote, on Item 1,
Mgmt Rec - Company Management Recommended Vote								Page 154

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		is warranted to register discontent with the company.
		However, fiduciary voting obligations that apply,
		particularly for U.S.-based institutional investors, may
		preclude abstentions and require either a vote in
		support or against a voting resolution. Therefore, this
		resolution warrantsqualified support, as the issue is
		routine and typically unproblematic.
	2	Approve Allocation of Income		For	For		Mgmt
		Elect Directors - Vote Only One of
		the Following Slates
	3.1	Slate 1 - Submitted by Three		None	DoNotVote		Mgmt
		Foundation
		Each shareholder is allowed to vote one single list of
		candidates. Despite the strong profile of the
		candidates on this list, as slates under Item 3.2 has
		been presented by institutional investors and the
		candidates have a strong independent profile.
		Therefore, this item does not warrant support.
	3.2	Slate 2- Submitted by Institutional		None	For		Mgmt
		Investors
	4	Approve Remuneration of Directors and		For	For		Mgmt
		Committees Members
	5	Deliberations Pursuant to Article 2390		For	For		Mgmt
		of Civil Code Re: Decisions Inherent to
		Authorization of Board Members To
		Assume Positions In Competing
		Companies
	6	Approve Remuneration Policy		For	For		Mgmt
	7	Approve Stock Ownership Plan for the		For	For		Mgmt
		Employees of the Company
		Special Business
	1	Authorize Capital Increase with		For	For		Mgmt
		Preemptive Rights, Through the
		Capitalization of Reserves
	2	Amend Articles 5, 8, 23, and 30 of		For	For		Mgmt
		Company's Bylaws
		.
05/14/09 - A	Unilever N.V.		N8981F271			04/23/09		370
		Annual Meeting
	1	Receive Report of Management Board		None	None		Mgmt
		(Non-Voting)
	2	Approve Financial Statements and		For	For		Mgmt
		Allocation of Income
	3	Approve Discharge of Executive		For	For		Mgmt
		Directors
	4	Approve Discharge of Non-Executive		For	For		Mgmt
		Directors
	5	Elect L.A. Lawrence as Executive		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 155

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Director
	6	Elect P.G.J.M. Polman as Executive		For	For		Mgmt
		Director
	7	Reelect L. Brittan of Spennithorne as		For	For		Mgmt
		Non-Executive Director
	8	Reelect W. Dik as Non-Executive		For	For		Mgmt
		Director
	9	Reelect C.E. Golden as Non-Executive		For	For		Mgmt
		Director
	10	Reelect B.E. Grote as Non-Executive		For	For		Mgmt
		Director
	11	Reelect N. Murthy as Non-Executive		For	For		Mgmt
		Director
	12	Reelect H. Nyasulu as Non-Executive		For	For		Mgmt
		Director
	13	Reelect K.J. Storm as Non-Executive		For	For		Mgmt
		Director
	14	Reelect M. Treschow as Non-Executive		For	For		Mgmt
		Director
	15	Reelect J. van der Veer as Non-		For	For		Mgmt
		Executive Director
	16	Elect L.O. Fresco as Non-Executive		For	For		Mgmt
		Director
	17	Elect A.M. Fudge as Non-Executive		For	For		Mgmt
		Director
	18	Elect P. Walsh as Non-Executive		For	For		Mgmt
		Director
	19	Ratify PwC as Auditors		For	For		Mgmt
	20	Grant Board Authority to Issue Shares		For	For		Mgmt
		Up To 10 Percent of Issued Capital
		Plus Additional 10 Percent in Case of
		Takeover/Merger and
		Restricting/Excluding Preemptive
		Rights
	21	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	22	Approve Reduction in Share Capital by		For	For		Mgmt
		Cancellation of Shares
		Voting Item for Holders of Ordinary
		Shares or Depository Receipts
		Irrespective of Class of Shares Held
	23a	Amend Articles Re: Move to Quarterly		For	For		Mgmt
		Dividends
		Voting Item for Holders of Ordinary
		Shares or Depository Receipts Only
	23b	Amend Articles Re: Move to Quarterly		For	For		Mgmt
		Dividends
	24	Allow Questions		None	None		Mgmt
05/13/09 - A	Unilever plc		G92087165			None		248
	1	Accept Financial Statements and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 156

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 40.19 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect James Lawrence as Director		For	For		Mgmt
	5	Re-elect Paul Polman as Director		For	For		Mgmt
	6	Re-elect The Lord Brittan of		For	For		Mgmt
		Spennithorne as Director
	7	Re-elect Wim Dik as Director		For	For		Mgmt
	8	Re-elect Charles Golden as Director		For	For		Mgmt
	9	Re-elect Byron Grote as Director		For	For		Mgmt
	10	Re-elect Narayana Murthy as Director		For	For		Mgmt
	11	Re-elect Hixonia Nyasulu as Director		For	For		Mgmt
	12	Re-elect Kees Storm as Director		For	For		Mgmt
	13	Re-elect Michael Treschow as Director		For	For		Mgmt
	14	Re-elect Jeroen van der Veer as		For	For		Mgmt
		Director
	15	Elect Louise Fresco as Director		For	For		Mgmt
	16	Elect Ann Fudge as Director		For	For		Mgmt
	17	Elect Paul Walsh as Director		For	For		Mgmt
	18	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	19	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	20	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 13,290,000
	21	Subject to the Passing of the Previous		For	For		Mgmt
		Resolution, Authorise Issue of Equity or
		Equity-Linked Securities without Pre-
		emptive Rights up to Aggregate
		Nominal Amount of GBP 2,000,000
	22	Authorise 131,000,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	23	Auth. Company and its Subsidiaries to		For	For		Mgmt
		Make EU Political Donations to Political
		Parties and Independent Election
		Candidates up to GBP 0.1M, to Political
		Org. Other Than Political Parties up to
		GBP 0.1M and to Incur EU Political
		Expenditure up to GBP 0.1M
	24	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Days'
		Clear Notice
	25	Authorise Directors to Agree to Modify		For	For		Mgmt
		the Agreement Dated 28 June, 1946
		(as Amended by Supplemental
		Agreements Dated 20 July, 1951, 21
		December, 1981 and 15 May, 2006)
		with Unilever N.V. of the Netherlands
Mgmt Rec - Company Management Recommended Vote								Page 157

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		known as the Equalisation Agreement
05/13/09 - S	Unilever plc		G92087165			None		248
	1	Amend Unilever plc Equalisation		For	For		Mgmt
		Agreement
06/11/09 - A	Union Drilling, Inc. *UDRL*		90653P105			04/17/09		324
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/14/09 - A	Union Pacific Corp. *UNP*		907818108			03/06/09		188
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		that proposal will accomplish appropriate executive
		compensation controls with industory parameters or
		will improce shareholder returns.
04/29/09 - A	United Community Banks,		90984P105			03/13/09		413
	Inc. *UCBI*
	1	Elect Directors		For	For		Mgmt
	2	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	3	Ratify Auditors		For	For		Mgmt
05/07/09 - A	United Parcel Service, Inc.		911312106			03/09/09		361
	*UPS*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 5.20% exceeds allowable cap of 5.0%.
06/26/09 - A	United Therapeutics Corp.		91307C102			04/30/09		48
	*UTHR*
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Ray Kurzweil --- Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision).
Mgmt Rec - Company Management Recommended Vote								Page 158

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.2	Elect Director Martine Rothblatt, Ph.D. -
		-- Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision).
	1.3	Elect Director Louis Sullivan, M.D. ---
		Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision).
	2	Ratify Auditors		For	For		Mgmt
06/02/09 - A	UnitedHealth Group		91324P102			04/03/09		504
	Incorporated *UNH*
	1	Elect Director William C. Ballard, Jr.		For	For		Mgmt
	2	Elect Director Richard T. Burke		For	For		Mgmt
	3	Elect Director Robert J. Darretta		For	For		Mgmt
	4	Elect Director Stephen J. Hemsley		For	For		Mgmt
	5	Elect Director Michele J. Hooper		For	For		Mgmt
	6	Elect Director Douglas W. Leatherdale		For	For		Mgmt
	7	Elect Director Glenn M. Renwick		For	For		Mgmt
	8	Elect Director Kenneth I. Shine, M.D.		For	For		Mgmt
	9	Elect Director Gail R. Wilensky, Ph.D.		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
06/25/09 - A	Universal Display Corp.		91347P105			04/09/09		381
	*PANL*
	1	Elect Directors		For	For		Mgmt
	2	Approve Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
		All employees can purchase shares at 85% of F.M.V.
	3	Ratify Auditors		For	For		Mgmt
05/28/09 - A	Valhi, Inc. *VHI*		918905100			03/31/09		309
	1	Elect Directors		For	For		Mgmt
04/16/09 - A	ValueClick, Inc. *VCLK*		92046N102			02/17/09		205
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director James R. Zarley ---
		Withhold
		Approved option exchange (cash tender)that
		included NEOs without shareholder vote.
Mgmt Rec - Company Management Recommended Vote								Page 159

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.2	Elect Director David S. Buzby ---
		Withhold
		Approved option exchange (cash tender)that
		included NEOs without shareholder vote.
	1.3	Elect Director Martin T. Hart ---
		Withhold
		Approved option exchange (cash tender)that
		included NEOs without shareholder vote.
	1.4	Elect Director Tom A. Vadnais ---
		Withhold
		Approved option exchange (cash tender)that
		included NEOs without shareholder vote.
	1.5	Elect Director Jeffrey F. Rayport ---
		Withhold
		Approved option exchange (cash tender)that
		included NEOs without shareholder vote.
	1.6	Elect Director James R. Peters ---
		Withhold
		Approved option exchange (cash tender)that
		included NEOs without shareholder vote.
	1.7	Elect Director James A. Crouthamel ---
		Withhold
		Approved option exchange (cash tender)that
		included NEOs without shareholder vote.
05/07/09 - A	Verizon Communications 92343V104					03/09/09		989
	*VZ*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	4	Approve Omnibus Stock Plan		For	For		Mgmt
	5	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	6	Prohibit Executive Stock-Based Awards		Against	Against		ShrHoldr
		Overly restrictive; not the best way to achieve
		reasonable levels of executive compensation within
		market.
	7	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Currently have 25% right to call special meeting.
	8	Require Independent Board Chairman		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 160

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Lead director in place.
	9	Provide for Cumulative Voting		Against	Against		ShrHoldr
	10	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
		Overly restrictive; not the best way to achieve
		reasonable levels of executive life insurance benefits.
05/14/09 -	Vinci		F5879X108			05/11/09		87
A/S
		Ordinary Business
	1	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	2	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.62 per Share
	4	Authorize Payment of Dividends by		For	For		Mgmt
		Shares
	5	Ratify Appointment of Jean-Pierre		For	Against		Mgmt
		Lamoure as Director
		For this market, if the proposed board does not
		consist of a majority of independent directors, the
		election or reelection of any non-independent director
		(except the CEO) is not recommended. At Vinci, if all
		the elections proposed at this general meeting were
		approved, only 47 percent of the board of directors
		would be independent. As Michael Pragnell and
		Francois David are considered as independent, their
		reelections merit support. However, as Jean-Pierre
		Lamoure and Patrick Faure are not considered as
		independent, their reelections warrant shareholders
		opposition.
	6	Reelect Francois David as Director		For	For		Mgmt
	7	Reelect Patrick Faure as Director		For	Against		Mgmt
	8	Elect Michael Pragnell as Director		For	For		Mgmt
	9	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	10	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Financing of
		Prado Sud Railway Concession
	11	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Financing of
		Stade du Mans Concession
	12	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Financing
		Obtained by Arcour, Contractor of A19
		Highway
Mgmt Rec - Company Management Recommended Vote								Page 161

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	13	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Sale by Vinci to
		Vinci Concession of Its Participation to
		Aegean Motorway SA
	14	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Sale by Vinci to
		Vinci Concession of Its Participation to
		Olympia Odos
	15	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Sale by Vinci to
		Vinci Concession of Its Participation to
		Olympia Odos Operation
	16	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Sale by Vinci to
		Vinci Concession of Its Participation to
		Vinci Airports Holding
		Special Business
	17	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	18	Authorize Capitalization of Reserves for		For	For		Mgmt
		Bonus Issue or Increase in Par Value
	19	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 300 Million
	20	Authorize Issuance of Specific		For	For		Mgmt
		Convertible Bonds without Preemptive
		Rights Named OCEANE
	21	Approve Issuance of Convertible Bonds		For	For		Mgmt
		without Preemptive Rights Other than
		OCEANE
	22	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	23	Authorize Capital Increase of up to 10		For	Against		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
		Considering the potential issuance of share capital
		under Items 20 and 21, shareholders are advised to
		oppose this request as it would exceed the 20-
		percent limit set for issuances without preemptive
		rights.
	24	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	25	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for International Employees
	26	Authorize up to 1.5 Percent of Issued		For	For		Mgmt
		Capital for Use in Stock Option Plan
		Due to a potential dilution of 7.73 percent, which
		exceeds the 5-percent guideline, this proposal
Mgmt Rec - Company Management Recommended Vote								Page 162

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		warrants a vote against.
	27	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
04/30/09 -	Vivendi		F97982106			04/27/09		215
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Treatment of Losses and Allocation of		For	For		Mgmt
		Dividends of EUR 1.40 per Share
	4	Authorize Payment of Dividends by		For	For		Mgmt
		Shares
	5	Approve Auditors' Special Report		For	For		Mgmt
		Regarding Related-Party Transactions
	6	Approve Transaction with Jean-Bernard		For	For		Mgmt
		Levy Related to Severance Payments
	7	Elect Maureen Chiquet as Supervisory		For	For		Mgmt
		Board Member
	8	Elect Christophe de Margerie as		For	For		Mgmt
		Supervisory Board Member
	9	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	10	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	11	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 1.5 Billion
		+Capital increase with preemptive rights: The
		potential capital increase with preemptive rights
		under Item 11, amounts to EUR 1.5 billion, which
		represents 23.4 percent of issued share
		capital. The authorization is acceptable for
		issuances with preemptive rights. + Capital
		increase without preemptive rights: The
		proposed capital increases without preemptive rights
		and without binding priority requested amount to
		EUR 0.8 billion, which represents 12.4 percent of
		issued share capital. The proposal is acceptable for
		general requests to issue capital without preemptive
		rights. As this authority will be capped by Item
		11, the capital increase (up to 10 percent) without
		preemptive rights, under Item 14, is considered to be
		acceptable. + Oversubscription: The amount
		requested would not meet the limit set for issuances
		with preemptive rights under item 11 and would
Mgmt Rec - Company Management Recommended Vote								Page 163

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		represent 15 percent of issuances without
		preemptive rights, i.e. a total of 14.26 percent without
		preemptive rights. As the additional potential
		capital does not exceed the the limit recommended
		by guidelines for general requests to issue capital
		without preemptive rights, the additional potential
		capital increases are acceptable.
	12	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 800 Million
	13	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Under Items 11 and
		12
	14	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	15	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
		Currently, the company's employees control 1.25
		percent of issued capital in terms of the Vivendi
		share purchase plans. Approval of this plan could
		increase employee participation to approximately
		3.66 percent. The potential dilution falls within
		guidelines for savings-related share purchase plans.
	16	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for Employees of
		International Subsidiaries
	17	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 800 Million for Bonus Issue
		or Increase in Par Value
	18	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
04/23/09 - A	Volkswagen AG (VW)		D94523145			04/02/09		25
		Meeting for Common and Preferred
		Shareholders; Only Common
		Shareholders Can Vote
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.93 per Common
		Share and EUR 1.99 per Preferred
		Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 164

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board for Fiscal 2008
	5	Elect Philipp Roesler to the Supervisory		For	Against		Mgmt
		Board
		At Volkswagen, only 10 percent of the board is
		independent. Given this significant lack of
		independence, and the fact that this nominee is non-
		independent, a vote against the election of Philipp
		Roesler is warranted.
	6	Approve Creation of EUR 400 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	7	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 5
		Billion; Approve Creation of EUR 100
		Million Pool of Capital to Guarantee
		Conversion Rights
	8	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	9	Amend Articles Re: Convocation of		For	For		Mgmt
		General Meeting due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
	10	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
05/14/09 - A	Vornado Realty Trust *VNO*		929042109			03/13/09		284
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Steven Roth --- Withhold
		Failure to implement majority vote standard for
		director elections (submitted and passed by majority
		shareholders last two years).
	1.2	Elect Director Michael D. Fascitelli ---
		Withhold
		Failure to implement majority vote standard for
		director elections (submitted and passed by majority
		shareholders last two years).
	1.3	Elect Director Russell B. Wight, Jr. ---
		Withhold
		Failure to implement majority vote standard for
		director elections (submitted and passed by majority
		shareholders last two years).
	2	Ratify Auditors		For	For		Mgmt
	3	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
	4	Require Independent Board Chairman		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 165

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Lead director in place.
05/08/09 - A	Vulcan Materials Co. *VMC*		929160109			03/16/09		179
	1	Elect Directors		For	For		Mgmt
	2	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
		ISS recommeds against because plan is
		administered by comp commitee with members that
		do not fit ISS definition of independance; no issues
		by PPC standards.
	3	Ratify Auditors		For	For		Mgmt
	4	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Overly restrictive.
04/08/09 - A	Waddell & Reed Financial,		930059100			02/11/09		180
	Inc. *WDR*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with other proposals supported by PPC.
06/05/09 - A	Wal-Mart Stores, Inc. *WMT*		931142103			04/09/09		1,391
	1	Elect Director Aida M. Alvarez		For	For		Mgmt
	2	Elect Director James W. Breyer		For	For		Mgmt
	3	Elect Director M. Michele Burns		For	For		Mgmt
	4	Elect Director James I. Cash, Jr.		For	For		Mgmt
	5	Elect Director Roger C. Corbett		For	For		Mgmt
	6	Elect Director Douglas N. Daft		For	For		Mgmt
	7	Elect Director Michael T. Duke		For	For		Mgmt
	8	Elect Director Gregory B. Penner		For	For		Mgmt
	9	Elect Director Allen I. Questrom		For	For		Mgmt
	10	Elect Director H. Lee Scott, Jr.		For	For		Mgmt
	11	Elect Director Arne M. Sorenson		For	For		Mgmt
	12	Elect Director Jim C. Walton		For	For		Mgmt
	13	Elect Director S. Robson Walton		For	For		Mgmt
	14	Elect Director Christopher J. Williams		For	For		Mgmt
	15	Elect Director Linda S. Wolf		For	For		Mgmt
	16	Ratify Auditors		For	For		Mgmt
	17	Amend EEO Policy to Prohibit		Against	Against		ShrHoldr
		Discrimination based on Sexual
		Orientation and Gender Identity
		Management responded meaningfully; no evidenmce
		proposal will result in improved shareholder returns.
		Two gender discrimination cases are in the courts;
Mgmt Rec - Company Management Recommended Vote								Page 166

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		however, there is no ruling yet and no evidence that
		proposal would prevent any future legal actions.
	18	Pay For Superior Performance		Against	Against		ShrHoldr
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	19	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	20	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	21	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Currently, shareholders have right to act by written
		consent.
	22	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
04/23/09 - A	Walter Energy Inc. *WLT*		93317Q105			03/02/09		135
	1	Elect Directors		For	For		Mgmt
	2	Change Company Name		For	For		Mgmt
	3	Authorize New Class of Preferred Stock		For	For		Mgmt
		Declawed (will not be used for anti-takeover without
		shareholder vote).
	4	Approve Shareholder Rights Plan		For	For		Mgmt
		(Poison Pill)
		20% trigger, redemption rights, qulaified offer clause,
		sunset provision, no dead/slow hand, good corporate
		governance.
	5	Amend Omnibus Stock Plan		For	For		Mgmt
04/28/09 - A	Wells Fargo and Company		949746101			02/27/09		1,036
	*WFC*
	1	Elect Director John D. Baker II		For	For		Mgmt
	2	Elect Director John S. Chen		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	3	Elect Director Lloyd H. Dean		For	For		Mgmt
	4	Elect Director Susan E. Engel		For	Against		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 167

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Comp committee member during period of poor pay
		practices.
	5	Elect Director Enrique Hernandez, Jr.		For	For		Mgmt
	6	Elect Director Donald M. James		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	7	Elect Director Robert L. Joss		For	For		Mgmt
	8	Elect Director Richard M. Kovacevich		For	For		Mgmt
	9	Elect Director Richard D. McCormick		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	10	Elect Director Mackey J. McDonald		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	11	Elect Director Cynthia H. Milligan		For	For		Mgmt
	12	Elect Director Nicholas G. Moore		For	For		Mgmt
	13	Elect Director Philip J. Quigley		For	For		Mgmt
	14	Elect Director Donald B. Rice		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	15	Elect Director Judith M. Runstad		For	For		Mgmt
	16	Elect Director Stephen W. Sanger		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	17	Elect Director Robert K. Steel		For	For		Mgmt
	18	Elect Director John G. Stumpf		For	For		Mgmt
	19	Elect Director Susan G. Swenson		For	For		Mgmt
	20	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Modified single-trigger change-in-control.
	21	Ratify Auditors		For	For		Mgmt
	22	Amend Omnibus Stock Plan		For	Against		Mgmt
	23	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director already in place.
	24	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compiance with current law or that proposal
		will result in improved shareholder returns.
04/23/09 - A	Westamerica Bancorporation 957090103					02/23/09		70
	*WABC*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Etta Allen --- For
	1.2	Elect Director Louis E. Bartolini --- For
Mgmt Rec - Company Management Recommended Vote								Page 168

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.3	Elect Director E. Joseph Bowler --- For
	1.4	Elect Director Arthur C. Latno, Jr. ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.5	Elect Director Patrick D. Lynch ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director Catherine Cope
		MacMillan --- For
	1.7	Elect Director Ronald A. Nelson ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.8	Elect Director David L. Payne --- For
	1.9	Elect Director Edward B. Sylvester ---
		For
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Advisory Vote on Executive		For	Against		Mgmt
		Compensation
		Poor pay practices.
05/21/09 - A	Westar Energy, Inc. *WR*		95709T100			03/23/09		270
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 2.27% is within allowable cap of
		5.00%.
05/13/09 - A	Westinghouse Air Brake		929740108			03/18/09		115
	Technologies Corp *WAB*
	1	Elect Directors		For	For		Mgmt
04/16/09 - A	Weyerhaeuser Co. *WY*		962166104			02/20/09		352
	1	Elect Directors		For	For		Mgmt
	2	Require Independent Board Chairman		Against	For		ShrHoldr
		No lead dirctor.
	3	Reduce Supermajority Vote		Against	For		ShrHoldr
		Requirement
	4	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 169

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/05/09 - A	Whiting Petroleum Corp.		966387102			03/13/09		114
	*WLL*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/01/09 - A	Woodside Petroleum Ltd.		980228100			04/29/09		113
	*WPL*
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for the Financial Year
		Ended Dec. 31, 2008
	2(a)	Elect Michael Alfred Chaney as a		For	For		Mgmt
		Director
	2(b)	Elect Erich Fraunschiel as a Director		For	For		Mgmt
	2(c)	Elect Pierre Jean-Marie Henri Jungels		For	For		Mgmt
		as a Director
	2(d)	Elect David Ian McEvoy as a Director		For	For		Mgmt
	2(e)	Elect Melinda Ann Cilento as a Director		For	For		Mgmt
	2(f)	Elect Ian Robertson as a Director		For	For		Mgmt
	3	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended Dec. 31, 2008
05/21/09 - A	Xerox Corporation *XRX*		984121103			03/23/09		1,583
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/05/09 - A	Xstrata plc		G9826T102			None		144
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
		Vote Recommendation Xstrata's general
		remuneration policy has not changed materially over
		the previous year and shareholders comfortable with
		the Company's broad approach may decide that the
		remuneration report is worthy of continued
		support. However, there is a case for a different
		approach for 2009 taking into account concern over
		the following issues, some relating to existing
		arrangements no longer meeting current good
		practice and others due to specific non-routine
		actions taken in 2008: - The 50% level of
		threshold vesting for median comparative TSR
		performance in the LTIP is not in line with good UK
		practice. This was raised as a concern prior to the
		2008 AGM. Although it is recognised that the LTIP is
		not a new plan, the Company is encouraged to take
		the opportunity over the coming year to amend the
		TSR performance condition. Furthermore, the plan
		should also be changed to ensure that performance
Mgmt Rec - Company Management Recommended Vote								Page 170

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		conditions apply in the event of a change of
		control. - The service contracts for the executive
		directors include the potential for payments on
		termination well in excess of one year's salary when
		pension and bonus entitlements are taken into
		account. Guidance issued by the NAPF and the ABI
		in 2008 indicates a preference for severance
		payments arising from poor corporate performance to
		not extend beyond basic salary. - The Company
		has significantly increased pension contributions for
		the CEO and CFO for 2008. The Company's
		explanation for these increases links them to revised
		estimates of the amounts required to provide the
		targeted benefits under the scheme, based on
		actuarial assumptions. While this is understandable,
		the assumptions are not disclosed to shareholders
		and therefore it is difficult to make an external
		judgement on the appropriateness of such large
		increases. - The Company has made significant
		retention awards to two executive directors during
		2008. These awards comprise non-performance
		linked cash bonuses (payable in May 2009) and
		enhancements to normal LTIP grants. In general, the
		view of institutional shareholders is that retention
		payments are rarely justified. An obvious question is
		why such awards are considered necessary in the
		context of a remuneration policy which can provide
		substantial rewards in the event of outperformance.
		A particular concern in this case is that two methods
		of encouraging retention have been chosen, one of
		which is not tied to performance. In any event, it is
		not good practice for a company to have made
		significant awards of this nature without adequate
		disclosure and transparency. In light of these
		issues, shareholders are advised to vote against the
		remuneration report. The Company's performance
		during 2008 and the decision to seek additional funds
		from shareholders in the recent rights issue has been
		taken into account when making this
		recommendation.
	3	Re-elect Ivan Glasenberg as Director		For	For		Mgmt
		Vote Recommendation In line with normal policy
		guidelines, shareholders are recommended to vote
		FOR this candidate. This is with an expectation that
		the Board reconstitutes the Nominations Committee
		in line with the Combined Code. The
		controversial nature of the deal with Glencore earlier
		in the year is recognised but a vote against this
		Glencore nominee is not felt to be appropriate at this
		time. The deal was worthy of support given Xstrata's
		financial situation, the overall positive impact of the
Mgmt Rec - Company Management Recommended Vote								Page 171

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		proposals and the limitations posed by the
		Company's ownership structure. However, the
		controversial circumstances surrounding the
		transaction and Xstrata's relationship with Glencore
		are being highlighted via a CONTENTIOUS FOR
		recommendation. [Vote Recommendation:
		CONTENTIOUS FOR]
	4	Re-elect Trevor Reid as Director		For	For		Mgmt
	5	Re-elect Santiago Zaldumbide as		For	For		Mgmt
		Director
	6	Elect Peter Hooley as Director		For	For		Mgmt
	7	Reappoint Ernst & Young LLP as		For	For		Mgmt
		Auditors and Authorise Board to Fix
		Their Remuneration
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 488,835,270 in
		Connection with an Offer by Way of
		Rights Issue; Otherwise up to USD
		488,835,270
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 73,325,290.50
06/25/09 - A	Yahoo!, Inc. *YHOO*		984332106			04/27/09		476
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Carol Bartz --- For
	1.2	Elect Director Frank J. Biondi, Jr. ---
		For
	1.3	Elect Director Roy J. Bostock --- For
	1.4	Elect Director Ronald W. Burkle --- For
	1.5	Elect Director John H. Chapple --- For
	1.6	Elect Director Eric Hippeau --- For
	1.7	Elect Director Carl C. Icahn --- Against
		Sits on 8 boards; no mitigating circumstances
		disclosed.
	1.8	Elect Director Vyomesh Joshi --- For
	1.9	Elect Director Arthur H. Kern --- For
	1.10	Elect Director Mary Agnes Wilderotter -
		-- For
	1.11	Elect Director Gary L. Wilson --- For
	1.12	Elect Director Jerry Yang --- For
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 172

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2010 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
05/04/09 - A	Zimmer Holdings Inc *ZMH*		98956P102			03/05/09		89
	1	Elect Director Betsy J. Bernard		For	For		Mgmt
	2	Elect Director Marc N. Casper		For	For		Mgmt
	3	Elect Director David C. Dvorak		For	For		Mgmt
	4	Elect Director Robert A. Hagemann		For	For		Mgmt
	5	Elect Director Arthur J. Higgins		For	For		Mgmt
	6	Elect Director Cecil B. Pickett		For	For		Mgmt
	7	Elect Director Augustus A. White, III		For	For		Mgmt
	8	Ratify Auditors		For	For		Mgmt
	9	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 6.65% is within allowable cap of
		7.26%.
	10	Amend Non-Employee Director		For	For		Mgmt
		Omnibus Stock Plan
		Plan's cost of 5.39% is within allowable cap of
		7.26%.
	11	Amend Deferred Compensation Plan		For	For		Mgmt
		Plan's cost of 5.32% is within allowable cap of
		7.26%.
Mgmt Rec - Company Management Recommended Vote								Page 173

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
07/10/08 - A	Greenlight Capital Re, Ltd.		G4095J109			06/02/08		1,745
	*GLRE*
		This is a duplicate meeting for ballots
		received via the Broadridge North
		American Ballot distribution system.
	1	TO ELECT SEVEN DIRECTORS OF		For	For		Mgmt
		THE COMPANY TO SERVE ON THE
		BOARD OF DIRECTORS UNTIL THE
		ANNUAL GENERAL MEETING OF
		SHAREHOLDERS IN 2009.
	2	TO ELECT SEVEN DIRECTORS OF		For	For		Mgmt
		GREENLIGHT REINSURANCE, LTD.,
		OR GREENLIGHT RE. TO SERVE ON
		THE BOARD UNTIL THE ANNUAL
		GENERAL MEETING OF
		SHAREHOLDERS IN 2009 OF
		GREENLIGHT RE.
	3	TO AMEND ARTICLE 11 OF THE		For	Against		Mgmt
		COMPANY’S THIRD AMENDED AND
		RESTATED ARTICLES OF
		ASSOCIATION AS SET FORTH IN
		EXHIBIT A TO THE PROXY
		STATEMENT.
	4	RATIFY AUDITORS		For	For		Mgmt
	5	RATIFY AUDITORS		For	For		Mgmt
07/16/08 - A	BT Group plc		G16612106			None		6,333
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 10.4 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect Hanif Lalani as Director		For	For		Mgmt
	5	Re-elect Carl Symon as Director		For	For		Mgmt
	6	Elect Sir Michael Rake as Director		For	For		Mgmt
	7	Elect Gavin Patterson as Director		For	For		Mgmt
	8	Elect Eric Daniels as Director		For	For		Mgmt
	9	Elect Patricia Hewitt as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of GBP 127,000,000
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of GBP 21,000,000
	14	Authorise 774,000,000 Ordinary Shares		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 1

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		for Market Purchase
	15	Authorise British Telecommunications		For	For		Mgmt
		plc to Make EU Political Donations to
		Political Parties and/or Independent
		Election Candidates up to GBP 75,000
		and to Political Organisations Other
		Than Political Parties up to GBP 25,000
07/16/08 -	Suez		F90131115			07/11/08		643
A/S
		Special Business
	1	Approve Merger by Absorption of		For	For		Mgmt
		Rivolam
	2	Approve Spin-Off of Suez		For	For		Mgmt
		Environnement
		Ordinary Business
	3	Approve Distribution of 65 percent of		For	For		Mgmt
		Suez Environnement to Suez's
		Shareholders
	4	Approve Special Auditors' Report		For	For		Mgmt
		Regarding Related-Party Transactions
		Special Business
	5	Approve Merger by Absorption of Suez		For	For		Mgmt
		by GDF
	6	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
07/18/08 - A	Constellation Energy Group,		210371100			04/28/08		1,584
	Inc. *CEG*
	1	Elect Director Yves C. de Balmann		For	For		Mgmt
	2	Elect Director Douglas L. Becker		For	For		Mgmt
	3	Elect Director Ann C. Berzin		For	For		Mgmt
	4	Elect Director James T. Brady		For	For		Mgmt
	5	Elect Director Edward A. Crooke		For	For		Mgmt
	6	Elect Director James R. Curtiss		For	For		Mgmt
	7	Elect Director Freeman A. Hrabowski, III		For	For		Mgmt
	8	Elect Director Nancy Lampton		For	For		Mgmt
	9	Elect Director Robert J. Lawless		For	For		Mgmt
	10	Elect Director Lynn M. Martin		For	For		Mgmt
	11	Elect Director Mayo A. Shattuck, III		For	For		Mgmt
	12	Elect Director John L. Skolds		For	For		Mgmt
	13	Elect Director Michael D. Sullivan		For	For		Mgmt
	14	Ratify Auditors		For	For		Mgmt
	15	Increase Authorized Common Stock		For	Against		Mgmt
07/23/08 - S	Ansoft Corp.		036384105			06/06/08		2,158
	1	Approve Acquisition		For	For		Mgmt
	2	Adjourn Meeting		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 2

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Other Business		For	Against		Mgmt
07/23/08 - A	McKesson Corporation		58155Q103			05/30/08		1,986
	*MCK*
	1	Elect Director Andy D. Bryant		For	For		Mgmt
	2	Elect Director Wayne A. Budd		For	For		Mgmt
	3	Elect Director John H. Hammergren		For	For		Mgmt
	4	Elect Director Alton F. Irby III		For	For		Mgmt
	5	Elect Director M. Christine Jacobs		For	For		Mgmt
	6	Elect Director Marie L. Knowles		For	For		Mgmt
	7	Elect Director David M. Lawrence		For	For		Mgmt
	8	Elect Director Edward A. Mueller		For	For		Mgmt
	9	Elect Director James V. Napier		For	For		Mgmt
	10	Elect Director Jane E. Shaw		For	For		Mgmt
	11	Ratify Auditors		For	For		Mgmt
07/24/08 - A	Steris Corp. *STE*		859152100			06/02/08		438
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
07/28/08 -	Carrefour		F13923119			07/23/08		473
A/S
		Ordinary Business
	1	Ratify Appointment of Bernard Arnault		For	For		Mgmt
		as Supervisory Board Member
		Special Business
	2	Adopt One-Tiered Board Structure		For	For		Mgmt
	3	Amend Article of Bylaws Re: Allocation		For	For		Mgmt
		of Income
	4	Adopt New Articles of Association		For	For		Mgmt
	5	Transfer to the Board of Directors		For	Against		Mgmt
		Outstanding Authorizations
		Ordinary Business
	6	Transfer to the Board of Directors		For	Against		Mgmt
		Authorizations Previously Granted
		Regarding the Repurchase Share
		Program
	7	Elect Rene Abate as Director		For	For		Mgmt
	8	Elect Bernard Arnault as Director		For	For		Mgmt
	9	Elect Sebastien Bazin as Director		For	For		Mgmt
	10	Elect Nicolas Bazire as Director		For	For		Mgmt
	11	Elect Jean-Laurent Bonnafe as Director		For	For		Mgmt
	12	Elect Thierry Breton as Director		For	For		Mgmt
	13	Elect Rene Brillet as Director		For	For		Mgmt
	14	Elect Charles Edelstenne as Director		For	For		Mgmt
	15	Elect Jean-Martin Folz as Director		For	For		Mgmt
	16	Elect Jose Luis Leal Maldonado as		For	For		Mgmt
		Director
Mgmt Rec - Company Management Recommended Vote								Page 3

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	17	Elect Amaury de Seze as Director		For	For		Mgmt
	18	Elect Anne-Claire Taittinger as Director		For	For		Mgmt
	19	Acknowledge The length of Mandate of		For	For		Mgmt
		Directors
	20	Approve Remuneration of Directors in		For	For		Mgmt
		the Aggregate Amount of EUR 900,000
	21	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
07/28/08 - A	National Grid plc		G6375K151			None		2,867
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 21.3 Pence		For	For		Mgmt
		Per Ordinary Share
	3	Elect Bob Catell as Director		For	For		Mgmt
	4	Elect Tom King as Director		For	For		Mgmt
	5	Elect Philip Aiken as Director		For	For		Mgmt
	6	Re-elect John Allan as Director		For	For		Mgmt
	7	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	8	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	9	Approve Remuneration Report		For	For		Mgmt
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of GBP 94,936,979
	11	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of GBP 14,240,547
	12	Authorise 249,936,128 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	13	Adopt New Articles of Association		For	For		Mgmt
07/29/08 - A	Vodafone Group plc		G93882135			None		52,105
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Re-elect Sir John Bond as Director		For	For		Mgmt
	3	Re-elect John Buchanan as Director		For	For		Mgmt
	4	Re-elect Vittorio Colao as Director		For	For		Mgmt
	5	Re-elect Andy Halford as Director		For	For		Mgmt
	6	Re-elect Alan Jebson as Director		For	For		Mgmt
	7	Re-elect Nick Land as Director		For	For		Mgmt
	8	Re-elect Anne Lauvergeon as Director		For	For		Mgmt
	9	Re-elect Simon Murray as Director		For	For		Mgmt
	10	Re-elect Luc Vandevelde as Director		For	For		Mgmt
	11	Re-elect Anthony Watson as Director		For	For		Mgmt
	12	Re-elect Philip Yea as Director		For	For		Mgmt
	13	Approve Final Dividend of 5.02 Pence		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 4

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Per Ordinary Share
	14	Approve Remuneration Report		For	For		Mgmt
	15	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors of the Company
	16	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	17	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 1,100,000,000
	18	Subject to the Passing of Resolution 17,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 300,000,000
	19	Authorise 5,300,000,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	20	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Parties, and/or
		Independent Election Candidates, to
		Political Organisations Other Than
		Political Parties and Incur EU Political
		Expenditure up to GBP 100,000
	21	Amend Articles of Association		For	For		Mgmt
	22	Approve Vodafone Group 2008		For	For		Mgmt
		Sharesave Plan
07/31/08 - A	THQ Inc. *THQI*		872443403			06/02/08		998
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
08/05/08 - A	Apollo Investment		03761U106			06/19/08		532
	Corporation
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Authorize Company to Sell Shares		For	For		Mgmt
		Below Net Asset Value
08/07/08 - S	BNY Hamilton Funds, Inc.		05561M333			05/02/08		96,160
	1	Approve Reorganization of Funds		For	For		Mgmt
08/18/08 - S	CME Group Inc. *CME*		12572Q105			07/18/08		151
	1	Approve Increase in Size of Board		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 5

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Issue Shares in Connection with		For	For		Mgmt
		Acquisition
	3	Adjourn Meeting		For	For		Mgmt
09/09/08 - S	Illumina, Inc. *ILMN*		452327109			07/28/08		598
	1	Increase Authorized Common Stock		For	For		Mgmt
09/11/08 - A	American Science and		029429107			07/28/08		516
	Engineering, Inc. *ASEI*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
09/29/08 - S	Hilb Rogal & Hobbs Co		431294107			08/22/08		451
	1	Approve Merger Agreement		For	For		Mgmt
	2	Adjourn Meeting		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 6

Vote Summary Report
Oct 01, 2008 - Dec 31, 2008
TDAX Independence 2020 ETF Composite
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
- A	Alpha Natural Resources,	02076X102					734
	Inc. *ANR*
- A	Archer-Daniels-Midland	039483102					1,502
	Company *ADM*
- A	Bank of America Corp. *BAC*	060505104					8,035
- A	Barclays plc	G08036124					7,843
- A	BHP Billiton Limited	Q1498M100					3,493
	(Formerly BHP Ltd.) *BHP*
- A	BHP Billiton plc	G10877101					2,537
- A	BNP Paribas	F1058Q238					873
- A	Cisco Systems, Inc. *CSCO*	17275R102					12,559
- A	Commonwealth Bank Of	Q26915100					1,174
	Australia *CBA*
- A	Devry Inc. *DV*	251893103					865
- A	Diageo plc	G42089113					2,507
- A	Fifth Third Bancorp *FITB*	316773100					4,404
- A	Fortis SA/NV	B4399L102					6,072
- A	Fortis SA/NV	B4399L102					6,072
- A	Foundry Networks, Inc.	35063R100					1,665
Mgmt Rec - Company Management Recommended Vote							Page 1

Vote Summary Report
Oct 01, 2008 - Dec 31, 2008
TDAX Independence 2020 ETF Composite
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
- A	Foundry Networks, Inc.	35063R100					1,665
- A	Hovnanian Enterprises, Inc.	442487203					3,586
	*HOV*
- A	International Bancshares	459044103					915
	Corp. *IBOC*
- A	Jack Henry & Associates,	426281101					1,214
	Inc. *JKHY*
- A	Lloyds TSB Group plc	G5542W106					6,567
- A	Micros Systems, Inc. *MCRS*	594901100					1,013
- A	Microsoft Corp. *MSFT*	594918104					17,900
- A	MOSAIC CO *MOS*	61945A107					915
- A	Myriad Genetics, Inc. *MYGN*	62855J104					417
- A	National Australia Bank	Q65336119					1,706
	Limited *NAB*
- A	Perrigo Co. *PRGO*	714290103					954
- A	Tercica Inc	88078L105					2,928
- A	Texas Industries	882491103					409
	Incorporated *TXI*
- A	The Procter & Gamble	742718109					5,511
	Company *PG*
Mgmt Rec - Company Management Recommended Vote							Page 2

Vote Summary Report
Oct 01, 2008 - Dec 31, 2008
TDAX Independence 2020 ETF Composite
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
- A	The Royal Bank of Scotland	G76891111					11,088
	Group plc
- A	UniCredit SpA (formerly	T95132105					10,943
	Unicredito Italiano SpA)
- A	Unilever N.V.	N8981F271					1,710
- A	Unilever plc	G92087165					1,340
- A	Vail Resorts, Inc. *MTN*	91879Q109					607
- A	Westpac Banking	Q97417101					1,916
	Corporation *WBC*
Mgmt Rec - Company Management Recommended Vote							Page 3

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
01/07/09 - A	MOOG Inc. *MOG.A*		615394202			11/26/08		538
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/08/09 - A	Acuity Brands, Inc. *AYI*		00508Y102			11/17/08		611
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/12/09 - A	Aruba Networks Inc *ARUN*		043176106			11/13/08		5,627
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/16/09 - S	Time Warner Inc *TWX*		887317105			11/20/08		7,006
	1	Approve Reverse Stock Split		For	For		Mgmt
01/21/09 - A	Johnson Controls, Inc. *JCI*		478366107			11/20/08		1,240
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Adopt Policy to Obtain Shareholder		Against	Against		ShrHoldr
		Approval of Survivor Benefits
01/22/09 - A	Woodward Governor		980745103			11/24/08		760
	Company *WGOV*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/25/09 - S	Banco Santander S.A.		E19790109			None		6,124
	1	Approve EUR 88.7 Million Capital		For	For		Mgmt
		Increase via Issuance of 177.4 Million
		New Common Shares with EUR 0.5 Par
		Value Each and a Share Issuance
		Premium to be Determined by the
		Board, in Accordance with Article
		159.1c of Spanish Companies Law
	2	Approve Delivery of 100 Banco		For	For		Mgmt
		Santander Shares to Each Employee of
		the Abbey National plc.subgroup as
		Special Bonus at the Completion of the
		Acquisition of the Retail Deposits and
		Branch and Distribution Networks of the
		Bradford & Bingley plc. Group
	3	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
Mgmt Rec - Company Management Recommended Vote								Page 1

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
01/27/09 - A	Dawson Geophysical		239359102			11/28/08		552
	Company *DWSN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/27/09 - C	Foster Wheeler AG *FWLT*		G36535139			12/15/08		1,587
		Duplicate meeting for ballots
		received via Broadridge North
		American Ballot distribution system.
	1	APPROVAL OF THE SCHEME OF		For	For		Mgmt
		ARRANGEMENT (THE
		REDOMESTICATION).
	2	APPROVAL OF THE MOTION TO		For	For		Mgmt
		ADJOURN THE MEETING TO A
		LATER DATE TO SOLICIT
		ADDITIONAL PROXIES IF THERE ARE
		INSUFFICIENT VOTES AT THE TIME
		OF THE MEETING TO APPROVE THE
		SCHEME OF ARRANGEMENT.
01/27/09 - A	Siemens AG		D69671218			None		785
	1	Receive Supervisory Board Report,		None	None		Mgmt
		Corporate Governance Report,
		Remuneration Report, and Compliance
		Report for Fiscal 2007/2008 (Non-
		Voting)
	2	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2007/2008
		(Non-Voting)
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.60 per Share
	4.1	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Rudi
		Lamprecht for Fiscal 2007/2008
	4.2	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Juergen
		Radomski for Fiscal 2007/2008
	4.3	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Uriel
		Sharef for Fiscal 2007/2008
	4.4	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Klaus
		Wucherer for Fiscal 2007/2008
	4.5	Approve Discharge of Management		For	For		Mgmt
		Board Member Peter Loescher for
		Fiscal 2007/2008
	4.6	Approve Discharge of Management		For	For		Mgmt
		Board Member Wolfgang Dehen for
		Fiscal 2007/2008
Mgmt Rec - Company Management Recommended Vote								Page 2

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4.7	Approve Discharge of Management		For	For		Mgmt
		Board Member Heinrich Hiesinger for
		Fiscal 2007/2008
	4.8	Approve Discharge of Management		For	For		Mgmt
		Board Member Joe Kaeser for Fiscal
		2007/2008
	4.9	Approve Discharge of Former		For	For		Mgmt
		Management Board Member Eduardo
		Montes for Fiscal 2007/2008
	4.10	Approve Discharge of Former		For	For		Mgmt
		Management Board Member Jim Reid-
		Anderson for Fiscal 2007/2008
	4.11	Approve Discharge of Former		For	For		Mgmt
		Management Board Member Erich R.
		Reinhardt for Fiscal 2007/2008
	4.12	Approve Discharge of Management		For	For		Mgmt
		Board Member Hermann Requardt for
		Fiscal 2007/2008
	4.13	Approve Discharge of Management		For	For		Mgmt
		Board Member Siegfried Russwurm for
		Fiscal 2007/2008
	4.14	Approve Discharge of Management		For	For		Mgmt
		Board Member Peter Y. Solmssen for
		Fiscal 2007/2008
	5.1	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Gerhard Cromme for
		Fiscal 2007/2008
	5.2	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Ralf Heckmann for
		Fiscal 2007/2008
	5.3	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Josef Ackermann for
		Fiscal 2007/2008
	5.4	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Lothar Adler for Fiscal
		2007/2008
	5.5	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Jean-Louis Beffa for
		Fiscal 2007/2008
	5.6	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Gerhard
		Bieletzki for Fiscal 2007/2008
	5.7	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Gerd von Brandenstein
		for Fiscal 2007/2008
	5.8	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member John David
		Coombe for Fiscal 2007/2008
	5.9	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Hildegard
		Cornudet for Fiscal 2007/2008
	5.10	Approve Discharge of Supervisory		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 3

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board Member Michael Diekmann for
		Fiscal 2007/2008
	5.11	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Hans Michael Gaul for
		Fiscal 2007/2008
	5.12	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Birgit Grube
		for Fiscal 2007/2008
	5.13	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Peter Gruss for Fiscal
		2007/2008
	5.14	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Bettina Haller for Fiscal
		2007/2008
	5.15	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Heinz Hawreliuk for
		Fiscal 2007/2008
	5.16	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Berthold Huber for
		Fiscal 2007/2008
	5.17	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Harald Kern for Fiscal
		2007/2008
	5.18	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Walter
		Kroell for Fiscal 2007/2008
	5.19	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Nicola Leibinger-
		Kammueller for Fiscal 2007/2008
	5.20	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Michael
		Mirow for Fiscal 2007/2008
	5.21	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Werner Moenius for
		Fiscal 2007/2008
	5.22	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Roland
		Motzigemba for Fiscal 2007/2008
	5.23	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Thomas
		Rackow for Fiscal 2007/2008
	5.24	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Hakan Samuelsson for
		Fiscal 2007/2008
	5.25	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Dieter Scheitor for Fiscal
		2007/2008
	5.26	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Albrecht
		Schmidt for Fiscal 2007/2008
	5.27	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Henning Schulte-Noelle
Mgmt Rec - Company Management Recommended Vote								Page 4

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		for Fiscal 2007/2008
	5.28	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Rainer Sieg for Fiscal
		2007/2008
	5.29	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Peter von
		Siemens for Fiscal 2007/2008
	5.30	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Jerry I.
		Speyer for Fiscal 2007/2008
	5.31	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Birgit Steinborn for
		Fiscal 2007/2008
	5.32	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Iain Vallance of Tummel
		for Fiscal 2007/2008
	6	Ratify Ernst & Young AG as Auditors for		For	For		Mgmt
		Fiscal 2008/2009
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Authorize Use of Financial Derivatives		For	For		Mgmt
		of up to 5 Percent of Issued Share
		Capital When Repurchasing Shares
	9	Approve Creation of EUR 520.8 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	10	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 15
		Billion; Approve Creation of EUR 600
		Million Pool of Capital to Guarantee
		Conversion Rights
	11	Approve Remuneration of Supervisory		For	For		Mgmt
		Board
	12	Amend Articles Re: Decision Making of		For	For		Mgmt
		General Meeting
01/29/09 - S	Blyth, Inc. *BTH*		09643P108			12/03/08		1,928
	1	Approve Reverse Stock Split		For	For		Mgmt
	2	Reduce Authorized Common Stock		For	For		Mgmt
01/30/09 - A	Nuance Communications,		67020Y100			12/02/08		2,382
	Inc. *NUAN*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 5

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
02/03/09 - A	Emerson Electric Co. *EMR*		291011104			11/25/08		1,424
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
02/05/09 - A	Beacon Roofing Supply, Inc.		073685109			12/10/08		2,490
	*BECN*
	1	Elect Directors		For	For		Mgmt
02/11/09 - S	Fortis SA/NV		B4399L102			None		3,036
		Special Meeting Agenda
	1	Open Meeting (Non-Voting)		None	None		Mgmt
		Proposals Made by Committee of
		Experts Appointed By Court of
		Appeal of Brussels
	2.1	Receive Special Board Report (Non-		None	None		Mgmt
		Voting)
	2.2	Receive Interim Report of Committee of		None	None		Mgmt
		Experts (Non-Voting)
	2.3	Receive Board Comments on Interim		None	None		Mgmt
		Report of Committee of Experts (Non-
		Voting)
	2.4	Proposal to Vote on Item 2.5 (Voting)		None	For		Mgmt
	2.5	Approve Sale of 100 Percent of the		None	For		Mgmt
		Shares of Fortis Bank Nederland N.V.,
		Fortis Verzekeringen Nederland N.V.
		and Fortis Corporate Insurance N.V. to
		the Dutch State on Oct. 3, 2008 (Voting)
	2.6	Proposal to Vote on Item 2.7 (Voting)		None	For		Mgmt
	2.7	Approve Sale of 50 Percent Plus One		None	For		Mgmt
		Share of Fortis Bank SA/NV to the
		Federal Participation and Investment
		Corporation on Oct. 10, 2008, and the
		Transactions To Be Entered into with
		the Federal Participation and
		Investment Corporation (Voting)
	2.8	Proposal to Vote on Item 2.8 (Voting)		None	For		Mgmt
	2.9	Approve Sale of 100 Percent of the		None	For		Mgmt
		Shares of Fortis Insurance Belgium
		SA/NV to BNP Paribas on Oct. 10,
		2008, and the Transactions To Be
		Entered into with BNP Paribas and the
		Federal Participation and Investment
		Corporation (Voting)
02/11/09 - S	Fortis SA/NV		B4399L102			None		3,036
		Special Meeting Agenda
		Management Nominees Up for Board
		Election
Mgmt Rec - Company Management Recommended Vote								Page 6

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Elect Directors		For	For		Mgmt
		Shareholder Nominees Up for Board
		Election
	3.3	Elect Philippe Casier as Director		None	For		ShrHoldr
		(Voting)
	3.4	Elect Jozef De Mey as Director (Voting)		None	For		ShrHoldr
	3.5	Elect Andrew Doman as Director		None	For		ShrHoldr
		(Voting)
	3.6	Elect Georges Ugeux as Director		None	For		ShrHoldr
		(Voting)
	3.7	Elect Dirk van Daele as Director		None	Against		ShrHoldr
		(Voting)
	3.8	Elect Jan Zegering Hadders as Director		None	For		ShrHoldr
		(Voting)
	4	Close Meeting (Non-Voting)		None	None		Mgmt
02/13/09 - S	Quest Software, Inc. *QSFT*		74834T103			12/31/08		1,376
	1	Change State of Incorporation from		For	For		Mgmt
		California to Delaware
	2	Adjourn Meeting		For	For		Mgmt
02/19/09 - A	Microsemi Corp. *MSCC*		595137100			01/02/09		975
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director James J. Peterson --- For
	1.2	Elect Director Dennis R. Leibel ---
		Withhold
	1.3	Elect Director Thomas R. Anderson ---
		For
	1.4	Elect Director William E. Bendush ---
		For
	1.5	Elect Director William L. Healey ---
		Withhold
	1.6	Elect Director Paul F. Folino --- Withhold
	1.7	Elect Director Matthew E. Massengill ---
		Withhold
	2	Ratify Auditors		For	For		Mgmt
02/19/09 - A	Ruddick Corporation *RDK*		781258108			12/12/08		654
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
02/25/09 - A	Apple Inc. *AAPL*		037833100			12/29/08		1,636
	1	Elect Directors		For	For		Mgmt
	2	Report on Political Contributions		Against	Against		ShrHoldr
	3	Adopt Principles for Health Care Reform		Against	Against		ShrHoldr
	4	Prepare Sustainability Report		Against	Against		ShrHoldr
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 7

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Executive Officers' Compensation
03/02/09 - S	Xstrata plc		G9826T102			None		692
	1	Approve Acquisition by Xstrata Group of		For	For		Mgmt
		the Prodeco Business, the Granting by
		Xstrata (Schweiz) AG of the Call Option
		to Glencore and the Disposal by Xstrata
		Group of the Prodeco Business to
		Glencore (If and When the Call Option
		is Exercised)
	2	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from USD
		750,000,000.50 and GBP 50,000 to
		USD 2,250,000,000.50 and GBP 50,000
	3	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 991,254,176 (Rights Issue);
		Otherwise up to USD 493,363,149
	4	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 74,004,472
03/04/09 - A	Hologic, Inc. *HOLX*		436440101			01/16/09		2,686
	1	Elect Directors		For	For		Mgmt
	2	Approve Repricing of Options		For	For		Mgmt
	3	Adjourn Meeting		For	Against		Mgmt
03/04/09 - A	Parametric Technology Corp.		699173209			01/05/09		1,358
	*PMTC*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
03/05/09 - A	AECOM Technology		00766T100			01/05/09		1,200
	Corporation *ACM*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
03/10/09 - A	The Walt Disney Company		254687106			01/09/09		3,696
	*DIS*
	1	Elect Director Susan E. Arnold		For	For		Mgmt
	2	Elect Director John E. Bryson		For	For		Mgmt
	3	Elect Director John S. Chen		For	For		Mgmt
	4	Elect Director Judith L. Estrin		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 8

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Elect Director Robert A. Iger		For	For		Mgmt
	6	Elect Director Steven P. Jobs		For	For		Mgmt
	7	Elect Director Fred H. Langhammer		For	For		Mgmt
	8	Elect Director Aylwin B. Lewis		For	For		Mgmt
	9	Elect Director Monica C. Lozano		For	For		Mgmt
	10	Elect Director Robert W. Matschullat		For	For		Mgmt
	11	Elect Director John E. Pepper , Jr.		For	For		Mgmt
	12	Elect Director Orin C. Smith		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Amend Omnibus Stock Plan		For	Against		Mgmt
	15	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	16	Report on Political Contributions		Against	Against		ShrHoldr
	17	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
	18	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
03/11/09 - A	Franklin Resources, Inc.		354613101			01/12/09		456
	*BEN*
	1	Elect Director Samuel H. Armacost		For	For		Mgmt
	2	Elect Director Charles Crocker		For	For		Mgmt
	3	Elect Director Joseph R. Hardiman		For	For		Mgmt
	4	Elect Director Robert D. Joffe		For	For		Mgmt
	5	Elect Director Charles B. Johnson		For	For		Mgmt
	6	Elect Director Gregory E. Johnson		For	For		Mgmt
	7	Elect Director Rupert H. Johnson, Jr.		For	For		Mgmt
	8	Elect Director Thomas H. Kean		For	For		Mgmt
	9	Elect Director Chutta Ratnathicam		For	For		Mgmt
	10	Elect Director Peter M. Sacerdote		For	For		Mgmt
	11	Elect Director Laura Stein		For	For		Mgmt
	12	Elect Director Anne M. Tatlock		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Amend Executive Incentive Bonus Plan		For	For		Mgmt
03/12/09 - A	Banco Bilbao Vizcaya		E11805103			None		4,216
	Argentaria, S.A.
	1	Approve Individual and Consolidated		For	For		Mgmt
		Financial Statements and Statutory
		Reports; Approve Allocation of Income
		and Distribution of Dividends for Fiscal
		Year Ended Dec. 31, 2007; Approve
		Discharge of Directors
	2.1	Add New Article 53 bis to the		For	For		Mgmt
		Company's Bylaws Regarding
		Distribution of Stock Dividend Charged
		to Share Issuance Premium Reserve
	2.2	Approve Stock Dividend from Treasury		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 9

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Shares for Distribution to Shareholders
		Charged to Share Issuance Premium
		Reserve
	3	Approve Merger by Absorption of Banco		For	For		Mgmt
		de Credito Local de Espana, S.A.U. and
		BBVA Factoring E.F.C., S.A.U. by
		Company; Approve Merger Balance
		Sheet as of Dec. 31, 2008
	4	Elect Directors		For	For		Mgmt
	5	Approve Increase in Capital in		For	For		Mgmt
		Accordance with Article 153.1.b of
		Spanish Company Law Up to 50
		Percent of Capital and with the Powers
		to Exclude Preemptive Rights
	6	Authorize Increase in Capital via		For	For		Mgmt
		Issuance of Fixed Debt Securities Non-
		Convertible up to the Amount of EUR 50
		Billion
	7	Authorize Share Repurchase and		For	For		Mgmt
		Subsequent Capital Reduction via
		Amortization of Shares
	8.1	Liquidation of Long-Term Compensation		For	For		Mgmt
		Plan for Years 2006-2008
	8.2	Approve Variable Remuneration for		For	For		Mgmt
		Fiscal Years 2009-2010 Consisting of
		the Delivery of Company's Shares for
		Executive Officers, Including Executive
		Members of the Board and Members of
		the Executive Committee
	9	Re-elect Auditors for Fiscal Year 2009		For	For		Mgmt
	10	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
03/16/09 - S	ASSURED GUARANTY LTD		G0585R106			02/06/09		1,143
	*AGO*
	1	Approve Issuance of Shares to Dexia		For	For		Mgmt
		Holdings, Inc. in Connection with the
		Acquisition of Financial Security
		Assurance Holdings Ltd.
	2	Approve Issuance of Shares to WLR		For	For		Mgmt
		Recovery Fund IV, L.P. in Connection
		with the Financing of the Acquisition of
		Financial Security Assurance Holdings
		Ltd.
03/18/09 - A	Hewlett-Packard Company		428236103			01/20/09		4,834
	*HPQ*
	1	Elect Director Lawrence T. Babbio, Jr.		For	For		Mgmt
	2	Elect Director Sari M. Baldauf		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 10

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Elect Director Rajiv L. Gupta		For	For		Mgmt
	4	Elect Director John H. Hammergren		For	For		Mgmt
	5	Elect Director Mark V. Hurd		For	For		Mgmt
	6	Elect Director Joel Z. Hyatt		For	For		Mgmt
	7	Elect Director John R. Joyce		For	For		Mgmt
	8	Elect Director Robert L. Ryan		For	For		Mgmt
	9	Elect Director Lucille S. Salhany		For	For		Mgmt
	10	Elect Director G. Kennedy Thompson		For	For		Mgmt
	11	Ratify Auditors		For	For		Mgmt
03/19/09 - A	Hovnanian Enterprises, Inc.		442487203			01/22/09		3,586
	*HOV*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
03/19/09 - S	HSBC Holdings plc		G4634U169			None		11,973
	1	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from USD
		7,500,100,000, GBP 401,500 and EUR
		100,000 to USD 10,500,100,000, GBP
		401,500 and EUR 100,000
	2	Subject to the Passing of Resolution 1,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 2,530,200,000 (Rights Issue)
	3	Subject to the Passing of Resolution 2,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 2,530,200,000 (Rights Issue)
03/19/09 - A	Iberdrola S.A.		E6165F166			None		3,751
	1	Accept Individual and Consolidated		For	For		Mgmt
		Financial Statements and Statutory
		Reports for Fiscal Year 2008
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Receive Management's Report on		For	For		Mgmt
		Company and Consolidated Group
	4	Approve Discharge of Directors		For	For		Mgmt
	5	Re-Appoint Auditors for Company and		For	For		Mgmt
		Consolidated Group for Fiscal Year
		2009
	6	Ratify Appointment of Mrs. Samantha		For	For		Mgmt
		Barber as Independent Director
	7	Authorize Repurchase of Shares in the		For	For		Mgmt
		Amount of up to 5 Percent of Share
Mgmt Rec - Company Management Recommended Vote								Page 11

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Capital; Void Authorization Granted at
		the AGM held on April 17, 2008
	8	Authorize the Board to Issue		For	For		Mgmt
		Bonds/Debentures/Other Debt
		Securities up to Aggregate Nominal
		Amount of EUR 20 Billion and
		Promissory Notes up to an Amount of
		EUR 6 Billion; Void Authorization
		Granted at the AGM held on April 17,
		2008
	9	Authorize Issuance of		For	For		Mgmt
		Bonds/Debentures/Warrants With Pre-
		Emptive Rights up to Aggregate
		Nominal Amount of EUR 5 billion
	10	Approve the Listing and Delisting of		For	For		Mgmt
		Shares, Debt Securities, Bonds,
		Promissory Notes, and Preferred Stock,
		in Spain and Foreign Secondary
		Markets; Void Authorization Granted at
		the AGM held on April 17, 2008
	11	Authorize Board to Approve the		For	For		Mgmt
		Creation of Foundation; Void
		Authorization Granted at the AGM held
		on April 17, 2008
	12.1	Amend Articles 23, 28, 34, 36, 37, 38,		For	For		Mgmt
		45, 46, 47, and 49 of Company Bylaws
	12.2	Amend Articles 57 and 58 of Company		For	For		Mgmt
		Bylaws
	13	Amend and Approve New Text of		For	For		Mgmt
		General Meeting Guidelines
	14	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
03/23/09 - A	Clarcor, Inc. *CLC*		179895107			02/06/09		588
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
03/26/09 - A	Vestas Wind System AS		K9773J128			None		211
	1	Receive Report of Board		None	None		Mgmt
	2	Receive and Approve Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Omission of Dividends
	4a	Reelect Bent Carlsen as Director		For	For		Mgmt
	4b	Reelect Torsten Rasmussen as Director		For	For		Mgmt
	4c	Reelect Freddy Frandsen as Director		For	For		Mgmt
	4d	Reelect Joergen Rasmussen as		For	For		Mgmt
		Director
	4e	Reelect Joern Ankaer Thomsen as		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 12

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Director
	4f	Reelect Kurt Anker Nielsen as Director		For	For		Mgmt
	4g	Elect Haakan Eriksson as New Director		For	For		Mgmt
	4h	Elect Ola Rollen as New Director		For	For		Mgmt
	5a	Ratify PricewaterhouseCoopers as		For	For		Mgmt
		Auditor
	5b	Ratify KPMG as Auditor		For	For		Mgmt
	6.1	Approve Guidelines for Incentive-Based		For	For		Mgmt
		Compensation for Executive
		Management
	6.2	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Other Business (Non-Voting)		None	None		Mgmt
03/27/09 - S	BNP Paribas		F1058Q238			03/24/09		873
		Special Business
	1	Authorize New Class of Preferred Stock		For	For		Mgmt
		(Class B) and Amend Bylaws
		Accordingly, Subject to Approval of Item
		2
	2	Authorize Issuance of Preferred Stock		For	For		Mgmt
		(Class B) in Favor of Societe de Prise
		de Participation de l'Etat (SPPE) for up
		to Aggregate Nominal Amount of EUR
		608,064,070, Subject to Approval of
		Item 1
	3	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	4	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 1 Billion for Bonus Issue or
		Increase in Par Value, Subject to
		Approval of Items 1 and 2
	5	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
03/27/09 - A	Canon Inc. *7751*		J05124144			12/31/08		1,092
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JY 55
	2	Amend Articles to Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
	4	Approve Retirement Bonus for Director		For	For		Mgmt
	5	Approve Payment of Annual Bonuses to		For	For		Mgmt
		Directors
	6	Approve Stock Option Plan		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 13

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
03/27/09 - A	Royal Philips Electronics		N6817P109			03/05/09		1,250
	N.V.
		Annual Meeting
	1	President's Speech		None	None		Mgmt
	2a	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2b	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	2c	Approve Dividends of EUR 0.70 Per		For	For		Mgmt
		Share
	2d	Approve Discharge of Management		For	For		Mgmt
		Board
	2e	Approve Discharge of Supervisory		For	For		Mgmt
		Board
	3	Reelect P-J. Sivignon to Management		For	For		Mgmt
		Board
	4a	Elect J.J. Schiro to Supervisory Board		For	For		Mgmt
	4b	Elect J. van der Veer to Supervisory		For	For		Mgmt
		Board
	4c	Elect C.A. Poon to Supervisory Board		For	For		Mgmt
	5	Amend Long-Term Incentive Plan		For	For		Mgmt
	6a	Grant Board Authority to Issue Shares		For	For		Mgmt
		Up To 10 Percent of Issued Capital Plus
		Additional 10 Percent in Case of
		Takeover/Merger
	6b	Authorize Board to Exclude Preemptive		For	For		Mgmt
		Rights from Issuance under Item 6a
	7	Authorize Repurchase of Shares		For	For		Mgmt
	8	Other Business (Non-Voting)		None	None		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 14

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/12/09 - A	3M CO *MMM*		88579Y101			03/13/09		1,364
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Bylaws-- Call Special Meetings		Against	Against		ShrHoldr
		Currently, shareholders have 25% right to call special
		meeting.
	4	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		that stock ownerhip guidelines already in place are
		not appropriate or that proposal will result in
		improved shareholder returns.
04/24/09 - A	Abbott Laboratories *ABT*		002824100			02/25/09		2,730
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
	3	Approve Nonqualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
	5	Report on Animal Testing		Against	Against		ShrHoldr
		Mgmt responded meaningfully; company has already
		achieved overal goals of proposal, does not appear
		to be non-compliance with current law; no evidence
		that proposal would improve shareholder returns.
	6	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Mgmt responded meaningfully; no evidence that
		company is not in compliance with current law or that
		proposal would improve shareholder returns; issues
		more appropriately addressed at federal and state
		government levels.
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Same language as previously supported by PPC.
06/18/09 - A	Aeropostale, Inc *ARO*		007865108			04/23/09		693
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/04/09 - A	AFLAC Incorporated *AFL*		001055102			02/24/09		830
	1	Elect Directors		For	For		Mgmt
	2	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	3	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 1

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/14/09 - A	Alexanders, Inc *ALX*		014752109			03/13/09		69
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	Alexandria Real Estate		015271109			03/31/09		360
	Equities, Inc. *ARE*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Joel S. Marcus --- For
	1.2	Elect Director Richard B. Jennings ---
		Withhold
		Comp committee member during period of poor pau
		practices; CEO pay significantly above
		peers/company performance below peers; CEO tax
		gross-ups on restricted stock awards (up to $1 mil).
	1.3	Elect Director John L. Atkins, III --- For
	1.4	Elect Director Richard H. Klein ---
		Withhold
		Comp committee member during period of poor pau
		practices; CEO pay significantly above
		peers/company performance below peers; CEO tax
		gross-ups on restricted stock awards (up to $1 mil).
	1.5	Elect Director James H. Richardson ---
		For
	1.6	Elect Director Martin A. Simonetti ---
		For
	1.7	Elect Director Alan G. Walton ---
		Withhold
		Comp committee member during period of poor pau
		practices; CEO pay significantly above
		peers/company performance below peers; CEO tax
		gross-ups on restricted stock awards (up to $1 mil).
	2	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Alexion Pharmaceuticals,		015351109			03/24/09		752
	Inc. *ALXN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/27/09 - A	Alliance Healthcare Service,		018606202			04/16/09		3,005
	Inc. *AIQ*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 14.77% exceeds allowable cap of
Mgmt Rec - Company Management Recommended Vote								Page 2

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		13.91%.
	3	Ratify Auditors		For	For		Mgmt
04/29/09 - A	Allianz SE (formerly Allianz		D03080112			None		442
	AG)
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 3.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Elect Karl Grimm to the Supervisory		For	For		Mgmt
		Board
	6	Authorize Repurchase of up to 5		For	For		Mgmt
		Percent of Issued Share Capital for
		Trading Purposes
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Authorize Use of Financial Derivatives		For	For		Mgmt
		of up to 5 Percent of Issued Share
		Capital When Repurchasing Shares
	9	Amend Articles Re: Entry of Nominees		For	For		Mgmt
		in the Shareholders' Register
	10	Amend Articles Re: First Supervisory		For	For		Mgmt
		Board of Allianz SE, Electronic
		Participation in the Annual Meeting,
		and Audio and Video Transmission of
		Annual Meeting due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
	11	Approve Affiliation Agreement with		For	For		Mgmt
		Subsidiary Allianz Shared Infrastructure
		Services SE
05/20/09 - A	Alpha Natural Resources,		02076X102			03/23/09		734
	Inc. *ANR*
	1	Elect Directors		For	For		Mgmt
	2	Increase Authorized Common Stock		For	For		Mgmt
		Passes Mellon calculations.
	3	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 3

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/23/09 -	Alstom		F0259M475			06/18/09		215
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.12 per Share
	4	Approve Special Auditors' Report		For	For		Mgmt
		Regarding Ongoing Related-Party
		Transaction
	5	Approve Transaction with Patrick Kron		For	For		Mgmt
	6	Ratify PricewaterhouseCoopers Audit		For	For		Mgmt
		as Auditor
	7	Ratify Mazars as Auditor		For	For		Mgmt
	8	Ratify Yves Nicolas as Alternate		For	For		Mgmt
		Auditor
	9	Ratify Patrick de Cambourg as		For	For		Mgmt
		Alternate Auditor
	10	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	11	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	12	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/06/09 - A	Altra Holdings Inc. *AIMC*		02208R106			03/23/09		1,505
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Edmund M. Carpenter ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.2	Elect Director Carl R. Christenson ---
		For
	1.3	Elect Director Lyle G. Ganske --- For
	1.4	Elect Director Michael L. Hurt --- For
	1.5	Elect Director Michael S. Lipscomb ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director Larry McPherson ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.7	Elect Director James H. Woodward Jr. -
		-- For
Mgmt Rec - Company Management Recommended Vote								Page 4

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Ratify Auditors		For	For		Mgmt
04/30/09 - A	American Axle and		024061103			03/03/09		3,566
	Manufacturing Holdings, Inc.
	*AXL*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Salvatore J. Bonanno,
		Sr. --- For
		New board member.
	1.2	Elect Director David C. Dauch --- For
		New board member.
	1.3	Elect Director Forest J. Farmer ---
		Withhold
		Poor pay practices; pay/performance disconnect;
		multiple entrencement devices.
	1.4	Elect Director Richard C. Lappin ---
		Withhold
		Poor pay practices; pay/performance disconnect;
		multiple entrencement devices.
	1.5	Elect Director Thomas K. Walker ---
		Withhold
		Poor pay practices; pay/performance disconnect;
		multiple entrencement devices.
	2	Ratify Auditors		For	For		Mgmt
06/04/09 - A	American Equity Investment		025676206			04/09/09		2,854
	Life Holding *AEL*
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 8.02% is within allowable cap of
		9.15%.
	3	Ratify Auditors		For	For		Mgmt
04/27/09 - A	American Express Co. *AXP*		025816109			02/27/09		2,139
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director D.F. Akerson --- For
	1.2	Elect Director C. Barshefsky --- For
	1.3	Elect Director U.M. Burns --- For
	1.4	Elect Director K.I. Chenault --- For
	1.5	Elect Director P. Chernin --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
Mgmt Rec - Company Management Recommended Vote								Page 5

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.6	Elect Director J. Leschly --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.7	Elect Director R.C. Levin --- For
	1.8	Elect Director R.A. Mcginn --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.9	Elect Director E.D. Miller --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.10	Elect Director S.S Reinemund --- For
	1.11	Elect Director R.D. Walter --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.12	Elect Director R.A. Williams --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Pay/performance disconnect and poor pay practices.
	4	Provide for Cumulative Voting		Against	Against		ShrHoldr
	5	Amend Bylaws-- Call Special Meetings		Against	For		ShrHoldr
		Currently no right to call special meeting or act by
		written consent.
06/30/09 - A	American International		026874107			05/22/09		6,408
	Group, Inc. *AIG*
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Dennis D. Dammerman -
		-- For
	1.2	Elect Director Harvey Golub --- For
	1.3	Elect Director Laurette T. Koellner ---
		For
	1.4	Elect Director Edward M. Liddy --- For
	1.5	Elect Director Christopher S. Lynch ---
		For
	1.6	Elect Director Arthur C. Martinez --- For
		Sits on 7 boards but will reducs to 4 within 12
		months.
	1.7	Elect Director George L. Miles, Jr. ---
		For
	1.8	Elect Director Robert S. Miller --- For
	1.9	Elect Director Suzanne Nora Johnson -
		-- For
	1.10	Elect Director Morris W. Offit --- For
Mgmt Rec - Company Management Recommended Vote								Page 6

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.11	Elect Director Douglas M. Steenland ---
		For
	2	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices at the moment;
		remediation of prior poor practices appears to be in
		place but will require ongoing monitoring.
	3	Increase Authorized Common Stock		For	For		Mgmt
	4	Approve Reverse Stock Split		For	For		Mgmt
	5	Increase Authorized Preferred Stock		For	Against		Mgmt
	6	Amend Certificate of Incorporation		For	For		Mgmt
		No negative impact to common shareholder if
		approved; of not approved required to be presented
		to shareholders every 12 months.
	7	Amend Certificate of Incorporation to		For	For		Mgmt
		Eliminate Restrictions on Pledge of
		Assets
		Needed to comply with NY Fed agreement.
	8	Ratify Auditors		For	For		Mgmt
	9	Stock Retention/Holding Period		Against	For		ShrHoldr
		Though TARP rules govern executive comp now,
		company did not indicate what its stock retention
		policy would be post-TARP.
	10	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		25% threshold is already in place as well as right to
		act by written consent.
	11	Reincorporate in Another State [from		Against	Against		ShrHoldr
		Delaware to North Dakota]
05/07/09 - A	AmeriGroup Corp. *AGP*		03073T102			03/09/09		519
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 11.85% is within allowable cap of
		12.35%.
05/06/09 - A	Amgen, Inc. *AMGN*		031162100			03/09/09		1,846
	1	Elect Director David Baltimore		For	For		Mgmt
	2	Elect Director Frank J. Biondi, Jr.		For	For		Mgmt
	3	Elect Director Francois de Carbonnel		For	For		Mgmt
	4	Elect Director Jerry D. Choate		For	For		Mgmt
	5	Elect Director Vance D. Coffman		For	For		Mgmt
	6	Elect Director Frederick W. Gluck		For	For		Mgmt
	7	Elect Director Frank C. Herringer		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 7

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Elect Director Gilbert S. Omenn		For	For		Mgmt
	9	Elect Director Judith C. Pelham		For	For		Mgmt
	10	Elect Director J. Paul Reason		For	For		Mgmt
	11	Elect Director Leonard D. Schaeffer		For	For		Mgmt
	12	Elect Director Kevin W. Sharer		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Approve Omnibus Stock Plan		For	Against		Mgmt
	15	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
	16	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
		Share holds do not currently have right to written
		consect or special meeting.
	17	Reincorporate in Another State [from		Against	Against		ShrHoldr
		Delaware to North Dakota ]
		No evidence that cost of move will be offset by
		improved shareholder returns or rights that cannot or
		have not been achieved in current state.
05/04/09 - A	Amkor Technology, Inc.		031652100			03/20/09		2,439
	*AMKR*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director James J. Kim --- For
	1.2	Elect Director Roger A. Carolin ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect.
	1.3	Elect Director Winston J. Churchill ---
		For
	1.4	Elect Director John T. Kim --- For
	1.5	Elect Director Stephen G. Newberry ---
		For
	1.6	Elect Director John F. Osborne ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect.
	1.7	Elect Director James W. Zug --- For
	2	Ratify Auditors		For	For		Mgmt
04/15/09 - A	Anglo American plc		G03764134			None		1,460
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Re-elect David Challen as Director		For	For		Mgmt
	3	Re-elect Dr Chris Fay as Director		For	For		Mgmt
	4	Re-elect Sir Rob Margetts as Director		For	For		Mgmt
	5	Re-elect Sir Mark Moody-Stuart as		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 8

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Director
	6	Re-elect Fred Phaswana as Director		For	For		Mgmt
	7	Re-elect Mamphela Ramphele as		For	For		Mgmt
		Director
	8	Re-elect Peter Woicke as Director		For	For		Mgmt
	9	Reappoint Deloitte LLP as Auditors of		For	For		Mgmt
		the Company
	10	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	11	Approve Remuneration Report		For	For		Mgmt
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 72,300,000
	13	Subject to the Passing of Resolution		For	For		Mgmt
		12, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 36,100,000
	14	Authorise 197,300,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
05/12/09 - A	Anixter International Inc.		035290105			03/20/09		433
	*AXE*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/14/09 - A	Ansys, Inc. *ANSS*		03662Q105			03/18/09		896
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/06/09 - A	AptarGroup, Inc. *ATR*		038336103			03/12/09		774
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/12/09 -	ArcelorMittal		L0302D129			None		2,522
A/S
		Annual Meeting
	1	Receive Consolidated Financial		None	None		Mgmt
		Statements and Directors' and Auditors'
		Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements
	3	Accept Financial Statements		For	For		Mgmt
	4	Acknowledge Allocation of Income and		For	For		Mgmt
		Dividends
	5	Approve Allocation of Income and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 9

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Dividends of USD 0.75 per Share
	6	Approve Remuneration of Directors		For	For		Mgmt
	7	Approve Discharge of Directors		For	For		Mgmt
	8	Approve Retirement of Directors		For	For		Mgmt
	9	Reelect Narayanan Vaghul as Director		For	Against		Mgmt
		Effective boards exercise independent judgment
		when carrying out their fiduciary responsibilities. By
		requiring a majority of the board to consist of
		independent directors, the possibility of conflicts of
		interest is reduced and the quality of board oversight
		is increased. For this market, a vote against the
		election or reelection of any non-independent
		directors (excluding the CEO) is warranted if the
		proposed board does not consist of a majority of
		independent directors. At ArcelorMittal, only 23
		percent of the board is independent. As the election
		of the nominees will not increase the proportion of
		independent directors among the board, these
		proposals do not merit support.
	10	Reelect Wilbur L. Ross as Director		For	Against		Mgmt
	11	Reelect Francois Pinault as Director		For	Against		Mgmt
		Effective boards exercise independent judgment
		when carrying out their fiduciary responsibilities. By
		requiring a majority of independent directors, the
		possibility of conflicts of interest is reduced and the
		quality of board oversight is increased. For this
		market, RMG will recommend a vote for the election
		or reelection of any non-independent directors
		(excluding the CEO) if the proposed board consists
		of a majority of independent directors. At
		ArcelorMittal, 23 percent of the board is independent.
		As the election of the nominee who is considered to
		be a non-independent director for the reasons set
		forth above, will not increase the number of
		independent directors on the board, this proposal
		does not merit approval.
	12	Approve Share Repurchase Program		For	Against		Mgmt
		As the share repurchase program can be continued
		during a takeover period, opposition to this proposal
		is warranted.
	13	Ratify Deloitte SA as Auditors		For	For		Mgmt
	14	Approve Bonus Plan		For	For		Mgmt
	15	Approve Stock Option Plan		For	Against		Mgmt
		Because the potential dilution under all stock option
		plans and convertible bonds exceeds 5 percent, the
		company has failed to attach challenging
		performance criteria, and part of the allocated
		options vest before three years, a vote against this
		proposal is warranted.
Mgmt Rec - Company Management Recommended Vote								Page 10

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	16	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
		Special Meeting
	17	Approve Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights and Amend Article 5.5
		Accordingly
06/17/09 - S	ArcelorMittal		L0302D129			None		1,261
		Special Meeting
	1	Approve Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights Within Limits of Authorized
		Capital and Amend Article 5.5
		Accordingly
04/29/09 - A	Aspen Insurance Holdings,		G05384105			03/02/09		1,029
	Ltd. *AHL*
	1	Elect Directors		For	For		Mgmt
	2	Appoint KPMG Audit Plc as Auditors		For	For		Mgmt
		and Authorize Board to Fix Their
		Remuneration
	3	Adopt the Amended and Restated Bye-		For	For		Mgmt
		laws
	4	Adopt the Amendments to the		For	For		Mgmt
		Memorandum of Association
	5.1	Elect Glyn Jones as Director of Aspen		For	For		Mgmt
		Insurance UK Limited
	5.2	Elect Christopher O'Kane as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.3	Elect Richard Bucknall as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.4	Elect Ian Cormack as Director of Aspen		For	For		Mgmt
		Insurance UK Limited
	5.5	Elect Richard Houghton as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.6	Elect Stephen Rose as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.7	Elect Oliver Peterken as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.8	Elect Heidi Hutter as Director of Aspen		For	For		Mgmt
		Insurance UK Limited
	6	Amend Aspen Insurance UK Limited's		For	For		Mgmt
		Articles of Association
	7.1	Elect Christopher O'Kane as Director of		For	For		Mgmt
		Aspen Insurance UK Services Limited
	7.2	Elect Richard Houghton as Director of		For	For		Mgmt
		Aspen Insurance UK Services Limited
	7.3	Elect Stephen Rose as Director of		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 11

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Aspen Insurance UK Services Limited
	8	Amend Aspen Insurance UK Services		For	For		Mgmt
		Limited's Articles of Association
	9.1	Elect Christopher O'Kane as Director of		For	For		Mgmt
		Aspen Insurance (UK) Holdings Limited
	9.2	Elect Richard Houghton as Director of		For	For		Mgmt
		Aspen Insurance (UK) Holdings Limited
	9.3	Elect Stephen Rose as Director of		For	For		Mgmt
		Aspen Insurance (UK) Holdings Limited
	10	Amend Aspen (UK) Holdings Limited's		For	For		Mgmt
		Articles of Association
	11.1	Elect Stephen Rose as Director of		For	For		Mgmt
		AIUK Trustees Limited
	11.2	Elect John Henderson as Director of		For	For		Mgmt
		AIUK Trustees Limited
	11.3	Elect Christopher Woodman as Director		For	For		Mgmt
		of AIUK Trustees Limited
	11.4	Elect Michael Cain as Director of AIUK		For	For		Mgmt
		Trustees Limited
	11.5	Elect Katharine Wade as Director of		For	For		Mgmt
		AIUK Trustees Limited
	12	Amend AIUK Trustees Limited's		For	For		Mgmt
		Articles of Association
	13.1	Elect Karen Green as Director of Aspen		For	For		Mgmt
		Underwriting Limited
	13.2	Elect Christopher O'Brien as Director of		For	For		Mgmt
		Aspen Underwriting Limited
	14	Amend Aspen Underwriting Limited's		For	For		Mgmt
		Articles of Association
	15.1	Elect Richard Bucknall as Director of		For	For		Mgmt
		Aspen Managing Agency Limited
	15.2	Elect John Hobbs as Director of Aspen		For	For		Mgmt
		Managing Agency Limited
	15.3	Elect James Ingham Clark as Director		For	For		Mgmt
		of Aspen Managing Agency Limited
	15.4	Elect Robert Long as Director of Aspen		For	For		Mgmt
		Managing Agency Limited
	15.5	Elect Christopher O'Brien as Director of		For	For		Mgmt
		Aspen Managing Agency Limited
	15.6	Elect Matthew Yeldham as Director of		For	For		Mgmt
		Aspen Managing Agency Limited
	15.7	Elect Karen Green as Director of Aspen		For	For		Mgmt
		Managing Agency Limited
	15.8	Elect Heidi Hutter as Director of Aspen		For	For		Mgmt
		Managing Agency Limited
	16	Amend Aspen Managing Agency		For	For		Mgmt
		Limited's Articles of Association
	17.1	Elect Christopher O'Kane as Director of		For	For		Mgmt
		Aspen Insurance Ltd. and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
Mgmt Rec - Company Management Recommended Vote								Page 12

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Directors
	17.2	Elect Julian Cusack as Director of		For	For		Mgmt
		Aspen Insurance Ltd. and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.3	Elect James Few as Director of Aspen		For	For		Mgmt
		Insurance Limited and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.4	Elect Oliver Peterken as Director of		For	For		Mgmt
		Aspen Insurance Limited and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.5	Elect David Skinner as Director of		For	For		Mgmt
		Aspen Insurance Ltd. and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.6	Elect Karen Green as Director of Aspen		For	For		Mgmt
		Insurance Limited and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.7	Elect Heather Kitson as Director of		For	For		Mgmt
		Aspen Insurance Limited and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	18	Appoint KPMG Audit Plc as Auditor of		For	For		Mgmt
		Aspen Insurance Limited and Authorize
		its Board to Fix Their Remuneration
	19	Amend Aspen Insurance Limited's Bye-		For	For		Mgmt
		Laws
	20	Amend Aspen Insurance Limited's		For	For		Mgmt
		Memorandum of Association
04/24/09 - A	Assicurazioni Generali Spa		T05040109			04/22/09		1,017
		Ordinary Business
	1	Accept Financial Statements,		For	For		Mgmt
		Consolidated Financial Statements,
		Statutory Reports and External
		Auditors' Reports; Allocation of Income
Mgmt Rec - Company Management Recommended Vote								Page 13

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Elect Director		For	Against		Mgmt
		The company has several corporate governance
		issues. First, it does not comply with the Italian
		corporate governance code in term of lead
		independent director. Second, several directors have
		an attendance rate that is below 45 (Muller has not
		attended a single board meeting since 2006). Finally,
		the company failed to provide the name of the
		nominee to be elected as director. Therefore,
		given the lack of disclosure with respect to board
		nominee and the company's adherence to poor
		corporate governance practices in general, this
		resolution does not warrant approval.
	3	Fix Number of Members and Elect		For	For		Mgmt
		Consiglio Generale (Advisory Body)
05/07/09 - A	ASSURED GUARANTY LTD		G0585R106			03/17/09		1,143
	*AGO*
	1	Elect Directors		For	For		Mgmt
	2	Amend 2004 Long-Term Incentive Plan		For	For		Mgmt
	3	Amend Employee Stock Purchase Plan		For	For		Mgmt
	4	Ratify PricewaterhouseCoopers LLP as		For	For		Mgmt
		the Company's Independent Auditors
		Subsidiary Proposals
	5.1.1	Elect Howard Albert as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.2	Elect Robert A. Bailenson as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.3	Elect Gary Burnet as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.4	Elect Dominic J. Frederico as Director		For	For		Mgmt
		of Assured Guaranty Re Ltd.
	5.1.5	Elect James M. Michener as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.6	Elect Robert B. Mills as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.7	Elect David Penchoff as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.8	Elect Andrew Pickering as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.2	Ratify PricewatehouseCoopers LLP as		For	For		Mgmt
		Assured Guaranty Re Ltd.'s
		Independent Auditors
04/30/09 - A	AstraZeneca plc		G0593M107			None		1,337
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Confirm First Interim Dividend of USD		For	For		Mgmt
		0.55 (27.8 Pence, 3.34 SEK) Per
Mgmt Rec - Company Management Recommended Vote								Page 14

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Ordinary Share; Confirm as Final
		Dividend the Second Interim Dividend
		of USD 1.50 (104.8 Pence, 12.02 SEK)
		Per Ordinary Share
	3	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		of the Company
	4	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	5(a)	Re-elect Louis Schweitzer as Director		For	For		Mgmt
	5(b)	Re-elect David Brennan as Director		For	For		Mgmt
	5(c)	Re-elect Simon Lowth as Director		For	For		Mgmt
	5(d)	Re-elect Bo Angelin as Director		For	For		Mgmt
	5(e)	Re-elect John Buchanan as Director		For	For		Mgmt
	5(f)	Re-elect Jean-Philippe Courtois as		For	For		Mgmt
		Director
	5(g)	Re-elect Jane Henney as Director		For	For		Mgmt
	5(h)	Re-elect Michele Hooper as Director		For	For		Mgmt
	5(i)	Elect Rudy Markham as Director		For	For		Mgmt
	5(j)	Re-elect Dame Nancy Rothwell as		For	For		Mgmt
		Director
	5(k)	Re-elect John Varley as Director		For	For		Mgmt
	5(l)	Re-elect Marcus Wallenberg as		For	For		Mgmt
		Director
	6	Approve Remuneration Report		For	For		Mgmt
	7	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Parties, to Make
		EU Political Donations to Political
		Organisations Other Than Political
		Parties and to Incur EU Political
		Expenditure up to USD 250,000
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 120,636,176
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 18,095,426
	10	Authorise 144,763,412 Ordinary Shares		For	For		Mgmt
		for Market Purchase
04/24/09 - A	AT&T Inc *T*		00206R102			02/25/09		11,978
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Randall L. Stephenson --
		- For
	1.2	Elect Director William F. Aldinger III ---
		Against
		Comp committee member during period of poor pay
		practices.
Mgmt Rec - Company Management Recommended Vote								Page 15

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.3	Elect Director Gilbert F. Amelio ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.4	Elect Director Reuben V. Anderson ---
		For
	1.5	Elect Director James H. Blanchard ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director August A. Busch III ---
		For
	1.7	Elect Director Jaime Chico Pardo ---
		Against
		Sits on 6 public boards.
	1.8	Elect Director James P. Kelly --- For
	1.9	Elect Director Jon C. Madonna --- For
	1.10	Elect Director Lynn M. Martin --- For
	1.11	Elect Director John B. McCoy --- For
	1.12	Elect Director Mary S. Metz --- For
	1.13	Elect Director Joyce M. Roch --- For
	1.14	Elect Director Laura D Andrea Tyson ---
		For
	1.15	Elect Director Patricia P. Upton ---
		Against
		Comp committee member during period of poor pay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Increase Authorized Common Stock		For	For		Mgmt
	4	Report on Political Contributions		Against	Against		ShrHoldr
		Mmgt responded meaningfully; no evidence that
		company is not in compliane with current law or that
		proposal will result in improved shareholder returns.
	5	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholders already have right to act by written
		consent and 25% to call a special meeting.
	6	Provide for Cumulative Voting		Against	Against		ShrHoldr
	7	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	8	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Same non-binding advisory ratification proposal
		previously supported by PPC.
	9	Exclude Pension Credits ftom Earnings		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 16

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Performance Measure
		Employee pension plan income is not company
		income or reflective of company performance.
04/30/09 -	Axa		F06106102			04/27/09		1,777
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.40 per Share
	4	Approve Auditors' Special Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Reelect Jacques de Chateauvieux as		For	For		Mgmt
		Supervisory Board Member
		As a result of Michel Pebereau's executive with BNP
		Paribas and his excessive number of other
		directroships, his reelection does not merit support
	6	Reelect Anthony Hamilton as		For	For		Mgmt
		Supervisory Board Member
	7	Reelect Michel Pebereau as		For	Against		Mgmt
		Supervisory Board Member
	8	Reelect Dominique Reiniche as		For	For		Mgmt
		Supervisory Board Member
	9	Elect Ramon de Oliveira as		For	For		Mgmt
		Supervisory Board Member
	10	Authorize Repurchase of Up to 10		For	Against		Mgmt
		Percent of Issued Share Capital
		As the share repurchase program can be continued
		during a takeover period, provided that the reciprocity
		principle applies, this item does not merit support.
		Special Business
	11	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 1 Billion for Bonus Issue or
		Increase in Par Value
	12	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 2 Billion
	13	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 1 Billion
	14	Authorize Board to Set Issue Price for		For	For		Mgmt
		10 Percent of Issued Capital Pursuant
		to Issue Authority without Preemptive
Mgmt Rec - Company Management Recommended Vote								Page 17

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Rights
	15	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Items 12 to 14 and
		16 to 18
	16	Authorize Capital Increase of Up to		For	For		Mgmt
		EUR 1 Billion for Future Exchange
		Offers
	17	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	18	Authorize Issuance of Equity upon		For	For		Mgmt
		Conversion of a Subsidiary's Equity-
		Linked Securities for Up to EUR 1
		Billion
	19	Approve Issuance of Securities		For	For		Mgmt
		Convertible into Debt
	20	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	21	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for Employees of
		International Subsidiaries
	22	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	23	Authorize Issuance of Preferred Stock		For	Against		Mgmt
		in Favor of Axa Assurances IARD
		Mutuelle and Axa Assurances Vie
		Mutuelle for up to Aggregate Nominal
		Amount of EUR 1 Billion
		Items 23 and 25 could result in treating shareholders
		unequally because of the potentially higher preferred
		dividend rates attached to shares issued to specific
		parties. For this reason, Items 23 and 25 do not merit
		approval.
	24	Authorize Issuance of Preferred Stock		For	For		Mgmt
		with Preemptive Rights for up to
		Aggregate Nominal Amount of EUR 1
		Billion
	25	Authorize Issuance of Preferred Stock		For	Against		Mgmt
		without Preemptive Rights for up to
		Aggregate Nominal Amount of EUR 1
		Billion
	26	Adopt New Articles of Association,		For	For		Mgmt
		Pursuant to Items 23 through 25
	27	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/06/09 - A	BAE Systems plc		G06940103			None		3,227
	1	Accept Financial Statements and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 18

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 8.7 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect Philip Carroll as Director		For	For		Mgmt
	5	Re-elect Ian King as Director		For	For		Mgmt
	6	Re-elect Roberto Quarta as Director		For	For		Mgmt
	7	Re-elect George Rose as Director		For	For		Mgmt
	8	Elect Carl Symon as Director		For	For		Mgmt
	9	Reappoint KPMG Audt plc as Auditors		For	For		Mgmt
		of the Company
	10	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	11	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Parties and/ or
		Independent Election Candidates, to
		Political Organisations Other than
		Political Parties and to Incur EU
		Political Expenditure up to GBP
		100,000
	12	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from GBP
		188,750,001 to GBP 218,750,001
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights Under a General Authority up to
		Aggregate Nominal Amount of GBP
		29,396,313 and an Additional Amount
		Pursuant to a Rights Issue of up to
		GBP 29,396,313
	14	Subject to the Passing of Resolution		For	For		Mgmt
		13, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 4,409,888
	15	Authorise 352,791,045 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	16	Amend Articles of Association by		For	For		Mgmt
		Deleting All the Provisions of the
		Company's Memorandum of
		Association which, by Virtue of Section
		28 of the Companies Act of 2006, are
		to be Treated as Provisions of the
		Company's Articles of Association
	17	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
Mgmt Rec - Company Management Recommended Vote								Page 19

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/02/09 - A	Baldor Electric Co. *BEZ*		057741100			03/16/09		527
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 8.78% exceeds allowable cap of
		8.76%.
	4	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
		Executive officers and key employees will receive
		cash, a credit to the account under the company's
		Supplemental Deferred Compensation Plan, or
		restricted stock and restricted stock units under the
		2006 Equity Incentive Plan.
04/15/09 - A	Banco Latinoamericano de		P16994132			03/11/09		1,630
	Comercio Exterior SA *BLX*
		This is a duplicate meeting for
		ballots received via the Broadridge
		North American Ballot distribution
		system.
	1	TO APPROVE THE BANK S AUDITED		For	For		Mgmt
		FINANCIAL STATEMENTS FOR
		THE FISCAL YEAR ENDED
		DECEMBER 31, 2008 (PROPOSAL 1)
	2	TO APPOINT DELOITTE AS THE		For	For		Mgmt
		BANK’S INDEPENDENT AUDITORS
		FOR THE FISCAL YEAR ENDING
		DECEMBER 31, 2009 (PROPOSAL 2)
	3a.i	DIRECTOR GONZALO MENENDEZ		For	For		Mgmt
		DUQUE
	3a.ii	DIRECTOR JAIME RIVERA		For	For		Mgmt
	3b	DIRECTOR WILL C. WOOD		For	For		Mgmt
	4a	TO APPROVE THE PROPOSED		For	For		Mgmt
		AMENDMENTS TO THE ARTICLES
		OF INCORPORATION OF THE BANK
		TO: CHANGE THE BANK'S NAME
	4b	TO APPROVE THE PROPOSED		For	For		Mgmt
		AMENDMENTS TO THE ARTICLES
		OF INCORPORATION OF THE BANK
		TO: MODIFY THE DEFINITION OF
		THE BUSINESS PURPOSE OF THE
		BANK
	4c	TO APPROVE THE PROPOSED		For	For		Mgmt
		AMENDMENTS TO THE ARTICLES
		OF INCORPORATION OF THE BANK
		TO: ALLOW THE ISSUANCE OF
		PREFERRED SHARES
	4d	TO APPROVE THE PROPOSED		For	Against		Mgmt
		AMENDMENTS TO THE ARTICLES
Mgmt Rec - Company Management Recommended Vote								Page 20

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		OF INCORPORATION OF THE BANK
		TO: AUTHORIZE A NEW CLASS OF
		COMMON SHARES
	5	TRANSACT OTHER BUSINESS		None	None		Mgmt
		(NON-VOTING)
06/18/09 - A	Banco Santander S.A.		E19790109			None		9,086
	1	Accept Individual and Consolidated		For	For		Mgmt
		Financial Statements and Statutory
		Reports and Discharge Directors for
		Fiscal Year Ended December 31, 2008
	2	Approve Allocation of Income		For	For		Mgmt
	3	Elect Directors		For	For		Mgmt
	4	Reelect Auditors for Fiscal Year 2009		For	For		Mgmt
	5	Authorize Repurchase of Shares in		For	For		Mgmt
		Accordance With Article 75 of
		Corporate Law; Void Authorization
		Granted on June 21, 2008
	6	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights in Accordance to Article 153 1.a)
		of the Spanish Corporate Law; Void
		Authorization Granted at the AGM held
		on June 21, 2008
	7	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities up to Aggregate
		Nominal Amount of EUR 2.04 Billion
		without Preemptive Rights
	8	Authorize Capitalization of Reserves of		For	For		Mgmt
		0.5: 1 Bonus Issue; Amend Article 5
		Accordingly
	9	Grant Board Authorization to Issue		For	For		Mgmt
		Convertible and/or Exchangeable Debt
		Securities without Preemptive Rights
	10.1	Approve Bundled Incentive Plans		For	For		Mgmt
		Linked to Predetermined Requirements
		such as Total Return Results and EPS
	10.2	Approve Savings Plan for Abbey		For	For		Mgmt
		National Plc' Employees and other
		Companies of Santander Group in the
		U.K.
	10.3	Approve Issuance of 100 Shares to		For	For		Mgmt
		Employees of Sovereign Subsidiary
	11	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
04/29/09 - A	Bank of America Corp. *BAC* 060505104					03/04/09		7,862
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director William Barnet, III --- For
Mgmt Rec - Company Management Recommended Vote								Page 21

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.2	Elect Director Frank P. Bramble, Sr. ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	1.3	Elect Director Virgis W. Colbert --- For
	1.4	Elect Director John T. Collins --- For
	1.5	Elect Director Gary L. Countryman ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director Tommy R. Franks --- For
	1.7	Elect Director Charles K. Gifford --- For
	1.8	Elect Director Kenneth D. Lewis ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	1.9	Elect Director Monica C. Lozano ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	1.10	Elect Director Walter E. Massey --- For
	1.11	Elect Director Thomas J. May --- For
	1.12	Elect Director Patricia E. Mitchell ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.13	Elect Director Joseph W. Prueher ---
		For
	1.14	Elect Director Charles O. Rossotti ---
		For
	1.15	Elect Director Thomas M. Ryan ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.16	Elect Director O. Temple Sloan, Jr. ---
Mgmt Rec - Company Management Recommended Vote								Page 22

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs; comp committee member during
		period of poor pay practices.
	1.17	Elect Director Robert L. Tillman ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	1.18	Elect Director Jackie M. Ward ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Poor pay practices.
	4	Report on Government Service of		Against	Against		ShrHoldr
		Employees
		Management responded meaningfully; evidence of
		non-compliance with current law or that proposal will
		result in improved shareholder returns.
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior proposals supported by PPC.
	6	Provide for Cumulative Voting		Against	Against		ShrHoldr
	7	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Sharehlders already have 25% right to call special
		meeting.
	8	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director already in place
	9	Report on Predatory Lending Policies		Against	Against		ShrHoldr
		Management responded meaningfully; evidence of
		non-compliance with current law or that proposal will
Mgmt Rec - Company Management Recommended Vote								Page 23

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		result in improved shareholder returns.
	10	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Management responded meaningfully; evidence of
		non-compliance with current law or that proposal will
		result in improved shareholder returns.
	11	TARP Related Compensation		Against	Against		ShrHoldr
		Not drafted clearly enought to achieve
		proponent’s goals without being overly
		restrictive to management.
04/23/09 - A	Barclays plc		G08036124			None		6,996
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
		Vote Recommendation The following concerns
		in respect to the Company's remuneration practices
		during the year were considered: - Contractual
		termination provisions including bonus
		element Although the Company has moved to
		cap potential average bonus elements included
		within termination payments for new appointees to no
		more than 100% of basic salary, this is still not
		considered sufficiently in line with ABI/NAPF
		remuneration guidelines which recommend against
		the use of guaranteed bonuses within termination
		arrangements. The Company is strongly
		encouraged to review the inclusion of bonus
		entitlements in its severance arrangements as
		retention of such features will likely result in a
		negative vote recommendation in respect of the
		Company’s remuneration report in future
		years based on the contractual right to a
		bonus. - Unreduced pension on early
		retirement The use of actuarial waivers is not in
		line with the ABI/NAPF's current recommendations
		regarding severance arrangements. Given the
		potential cost implications for the Company, it is
		deemed prudent that the Company reviews this
		element of the pension plan to avoid, where possible,
		significant payment obligations. - Performance
		Share Plan vesting schedule The use of a
		vesting scale that provides a maximum reward
		potential of three times' the size of the initial grant
		obscures visibility by shareholders of the true value
		of grants. The use of EV as the basis for the award
		may have a similar effect. The Company is
		recommended that a less complex approach is
		adopted for the new arrangements to be proposed
Mgmt Rec - Company Management Recommended Vote								Page 24

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		during 2009. Recommendation A number of
		issues are noted in respect of the
		Company’s remuneration practices which
		are not deemed in line with good practices, in
		particular those contractually enshrined within
		service contracts and pension scheme rules.
		Whereas these issues are highlighted in this
		occasion, the retention of such features will likely
		result in a negative vote recommendation in respect
		of the Company’s remuneration report in
		future years. Given the Company’s
		strong remuneration disclosure and moves made
		towards good practice, shareholders are
		recommended to approve the remuneration report
		this year. [VOTE RECOMMENDATION:
		CONTENTIOUS FOR]
	3	Elect Simon Fraser as Director		For	For		Mgmt
	4	Re-elect Marcus Agius as Director		For	For		Mgmt
		Vote Recommendation Given the
		Company’s turnaround in respect of
		proactive shareholder engagement, and the fact that
		the capital raising has now been completed and
		contractual obligations been entered into, as well as
		the Company’s strong relative financial
		performance since 2009, it is not considered
		appropriate to vote against the re-election of Marcus
		Agius. Shareholders are therefore recommended to
		support his re-election, but continue to monitor
		closely the Board’s level of engagement
		with shareholders and protection of their
		interests. [VOTE RECOMMENDATION:
		CONTENTIOUS FOR]
	5	Re-elect David Booth as Director		For	For		Mgmt
	6	Re-elect Sir Richard Broadbent as		For	For		Mgmt
		Director
	7	Re-elect Richard Clifford as Director		For	For		Mgmt
	8	Re-elect Fulvio Conti as Director		For	For		Mgmt
	9	Re-elect Robert Diamond Jr as Director		For	For		Mgmt
	10	Re-elect Sir Andrew Likierman as		For	For		Mgmt
		Director
	11	Re-elect Christopher Lucas as Director		For	For		Mgmt
	12	Re-elect Sir Michael Rake as Director		For	For		Mgmt
	13	Re-elect Stephen Russell as Director		For	For		Mgmt
	14	Re-elect Frederik Seegers as Director		For	For		Mgmt
	15	Re-elect Sir John Sunderland as		For	For		Mgmt
		Director
	16	Re-elect John Varley as Director		For	For		Mgmt
	17	Re-elect Patience Wheatcroft as		For	For		Mgmt
		Director
	18	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
Mgmt Rec - Company Management Recommended Vote								Page 25

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	19	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	20	Authorise Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Organisations up
		to GBP 25,000 and Incur EU Political
		Expenditure up to GBP 100,000
	21	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from GBP
		3,499,000,000 to GBP 5,249,000,000
	22	Issue Equity with Pre-emptive Rights		For	For		Mgmt
		Under a General Authority up to GBP
		738,016,774, USD 77.5M, EUR 40.0M,
		JPY 4.0B and an Additional Amt
		Pursuant to a Rights Issue up to GBP
		1,396,033,549 After Deducting Any
		Securities Issued Under the General
		Authority
	23	Subject to the Passing of Resolution		For	For		Mgmt
		22, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 104,702,516
	24	Authorise 837,620,130 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	25	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
05/07/09 - A	Barnes Group, Inc. *B*		067806109			03/10/09		599
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Thomas J. Albani --- For
	1.2	Elect Director Thomas O. Barnes ---
		For
	1.3	Elect Director Gary G. Benanav ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.4	Elect Director Mylle H. Mangum --- For
	2	Ratify Auditors		For	For		Mgmt
04/30/09 - A	BASF SE (formerly BASF AG) D06216101					04/09/09		1,052
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.95 per Share
	3	Approve Discharge of Supervisory		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 26

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board for Fiscal 2008
	4	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify KPMG AG as Auditors for Fiscal		For	For		Mgmt
		2009
	6	Elect Supervisory Board Member		For	For		Mgmt
	7	Approve Creation of EUR 500 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	8	Amend Articles Re: First Supervisory		For	For		Mgmt
		Board of BASF SE
	9	Approve Remuneration of Supervisory		For	For		Mgmt
		Board
05/12/09 - A	Bayer AG		D07112119			04/21/09		717
	1	Receive Financial Statements and		For	For		Mgmt
		Statutory Reports; Approve Allocation
		of Income and Dividends of EUR 1.40
		per Share for Fiscal 2008
	2	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	3	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	4	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	5	Approve Conversion of Bearer Shares		For	For		Mgmt
		into Registered Shares
	6	Amend Articles Re: Allow Electronic		For	For		Mgmt
		Distribution of Company
		Communications
	7	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
05/20/09 - A	Belden, Inc. *BDC*		077454106			03/25/09		501
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 8.99% is within allowable cap of
		9.54%.
05/20/09 - A	Benchmark Electronics, Inc.		08160H101			04/06/09		733
	*BHE*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/18/09 - A	BG Group plc		G1245Z108			None		3,778
	1	Accept Financial Statements and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 27

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 6.55 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Elect Sir David Manning as Director		For	For		Mgmt
	5	Elect Martin Houston as Director		For	For		Mgmt
	6	Re-elect Sir Robert Wilson as Director		For	For		Mgmt
	7	Re-elect Frank Chapman as Director		For	For		Mgmt
	8	Re-elect Ashley Almanza as Director		For	For		Mgmt
	9	Re-elect Jurgen Dormann as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	12	Authorise the Company to Make EU		For	For		Mgmt
		Political Donations to Political Parties or
		Independent Election Candidates up to
		GBP 15,000, to Political Organisations
		Other Than Political Parties up to GBP
		15,000 and Incur EU Political
		Expenditure up to GBP 20,000
	13	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from GBP
		500,000,001 to GBP 600,000,001
	14	Issue of Equity with Pre-emptive Rights		For	For		Mgmt
		Under General Authority up to
		Aggregate Nominal Amount of GBP
		116,481,140 and Additional Amount
		Pursuant to a Rights Issue of up to
		GBP 111,926,886
	15	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount GBP 16,789,033
	16	Authorise 335,780,660 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	17	Amend Articles of Association Re:		For	For		Mgmt
		Form of the Company's Share Capital
	18	Adopt New Articles of Association		For	For		Mgmt
	19	Approve That a General Meeting, Other		For	For		Mgmt
		Than an Annual General Meeting, May
		Be Called on Not Less Than 14 Clear
		Days' Notice
04/28/09 - A	Bio-Rad Laboratories, Inc.		090572207			03/02/09		321
	*BIO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 28

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/12/09 - A	BioMarin Pharmaceutical Inc.		09061G101			03/23/09		947
	*BMRN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/27/09 - A	BioMed Realty Trust, Inc.		09063H107			03/11/09		889
	*BMR*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 6.34% exceeds allowable cap of
		5.34%.
06/10/09 - A	Blyth, Inc. *BTH*		09643P207			04/13/09		1,766
	1	Elect Directors		For	For		Mgmt
05/13/09 -	BNP Paribas		F1058Q238			05/08/09		971
A/S
		Ordinary Business
	1	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	2	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.00 per Share
	4	Approve Auditors' Special Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Ordinary Share
		Capital
	6	Reelect Claude Bebear as Director		For	For		Mgmt
		Due to their overboardings (more than three
		directorships, outside the group and in listed
		companies, for an executive), the reelection of Jean-
		Louis Beffa and Denis Kessler do not warrant
		support (Items 7 and 8). However, the
		reelections of Claude Bebear, Laurence
		Parisot, and Michel Pebereau (Items 6, 9, and
		10) warrant support.
	7	Reelect Jean-Louis Beffa as Director		For	Against		Mgmt
	8	Reelect Denis Kessler as Director		For	Against		Mgmt
	9	Reelect Laurence Parisot as Director		For	For		Mgmt
	10	Reelect Michel Pebereau as Director		For	For		Mgmt
		Special Business
	11	Approve Contribution in Kind of		For	For		Mgmt
		98,529,695 Fortis Banque Shares by
		Societe Federale de Participations et
Mgmt Rec - Company Management Recommended Vote								Page 29

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		d'Investissement (SFPI)
	12	Approve Contribution in Kind of		For	For		Mgmt
		4,540,798 BGL SA Shares by Grand
		Duchy of Luxembourg
	13	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	14	Amend Bylaws to Reflect Amendment		For	For		Mgmt
		to Terms and Conditions of Class B
		Shares
	15	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	16	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
04/16/09 - A	BP plc		G12793108			None		20,920
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
		Vote Recommendation In arriving at a vote
		recommendation on the Company's remuneration
		report for 2008, the Remuneration Committee's use
		of discretion to authorise the vesting of 15% of the
		2006-08 award under the EDIP remains of major
		concern. The Company defended the Committee's
		decision by citing the following factors to justify this
		partial vesting: (i) Although in last place on a
		common currency basis, the Company's relative TSR
		performance on a local currency basis was
		'clustered' with its European competitors; (ii) the
		partial vesting decision was taken after assessing the
		Company's underlying business performance against
		the European comparators, which demonstrated that
		BP were ahead in some areas and behind in others;
		(iii) the Committee's discretion to assess underlying
		performance is specifically permitted under the rules
		of the plan as approved by shareholders in 2005; and
		(iv) the Committee has not previously exercised its
		discretion to vary EDIP awards upwards by taking
		account underlying business
		performance. Whilst the third and the fourth
		points are matters of fact, the following concerns
		remain regarding the first two points: (i) the
		Company’s performance on a local currency
		basis was fourth place in the five company
		comparator group; (ii) the Company did not
		sufficiently disclose the supporting metrics and
		rationale to vindicate the use of discretion to
		determine the vesting of awards where the
		established TSR condition was not met. Whilst
Mgmt Rec - Company Management Recommended Vote								Page 30

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		the Company outlined the Committee's reasons for
		approving the vesting of awards in broad terms, the
		explanations do not fully justify the approval of the
		awards. After careful consideration of the
		explanations provided by the Company, shareholders
		are recommended to oppose this resolution because,
		in the absence of clarity and disclosure regarding the
		specific underlying business metrics used by the
		Committee to reach its conclusion, it is difficult for a
		shareholders to be convinced that proper use of
		discretion has been applied in this case. It is
		noted that the Company has amended the
		performance targets for the EDIP going forward to
		take account of underlying business performance
		metrics. The Company is encouraged to provide
		detailed disclosure of the impact of these operating
		measures in the determination of the vesting levels of
		these future awards. Shareholders are
		recommended to vote AGAINST this resolution.
	3	Re-elect Antony Burgmans as Director		For	For		Mgmt
	4	Re-elect Cynthia Carroll as Director		For	For		Mgmt
	5	Re-elect Sir William Castell as Director		For	For		Mgmt
	6	Re-elect Iain Conn as Director		For	For		Mgmt
	7	Re-elect George David as Director		For	For		Mgmt
	8	Re-elect Erroll Davis, Jr as Director		For	For		Mgmt
	9	Elect Robert Dudley as Director		For	For		Mgmt
	10	Re-elect Douglas Flint as Director		For	For		Mgmt
	11	Re-elect Dr Byron Grote as Director		For	For		Mgmt
	12	Re-elect Dr Tony Hayward as Director		For	For		Mgmt
	13	Re-elect Andy Inglis as Director		For	For		Mgmt
	14	Re-elect Dr DeAnne Julius as Director		For	For		Mgmt
	15	Re-elect Sir Tom McKillop as Director		For	Against		Mgmt
		Vote Recommendation The exceptional
		circumstances surrounding Sir Tom
		McKillop’s former role at RBS and his
		chairmanship of that company’s board
		during such a difficult period make voting on his re-
		election at BP difficult judgement call. For the
		purposes of this recommendation, it is appropriate to
		consider the impact that his former role at RBS may
		have on his continuing role at BP. Given the
		importance of judging each director’s
		(re)election on a case-by-case basis, shareholders
		should note that this vote recommendation has been
		reached only after extensive engagement with the
		Company and much thought and consideration.
		The Board of BP remains satisfied that Sir Tom
		McKillop brings skills and experience to the
		Company from a scientific, engineering and
		technological perspective. The Company has also
		stated that the Board’s remains satisfied
Mgmt Rec - Company Management Recommended Vote								Page 31

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		that Sir Tom McKillop has played a key role in the
		two Committees of which he is a member –
		the Remuneration Committee and the Safety, Ethics
		and Environmental Assurance Committee (SSEAC) -
		citing that he has had an integral role in helping the
		SSEAC improve BP’s safety record in
		recent years. Whilst the Company has provided
		explanations for its decision to recommend Sir Tom
		McKillop for re-election, and whilst such
		considerations should certainly not be dismissed, his
		former role at RBS undoubtedly raises questions as
		to his suitability to continue to sit on the Board of BP.
		Ultimately, the damage caused to Sir Tom
		McKillop’s reputation by presiding over such
		a massive corporate loss whilst chairman of RBS
		cannot be disregarded. Therefore, to properly
		evaluate this proposal, the following two questions
		should need to be answered: 1. Does the
		combination of: (a) the questions raised over whether
		the RBS Board took sufficient account of the
		execution and commercial risks associated with the
		acquisition of ABN Amro and the broader business
		strategy in light of the bank’s rapid descent
		to its present status; (b) the ancillary remuneration
		and governance issues associated with RBS; and (c)
		Sir Tom McKillop’s responsibility for the
		foregoing as Chairman of the RBS board; create a
		credible and material doubt as to his continuing
		suitability to fulfill the role of an independent NED
		and contribute positively to the oversight of
		management and the protection of shareholder
		interests over the long-term at BP? 2. Did the
		Board of BP take sufficient account of the above
		question in making its own recommendation with
		respect to Sir Tom McKillop’s re-election?
		Following exhaustive consideration of
		the foregoing factors, it is concluded in this analysis
		that the answer to the first question posed is
		‘yes’ and the  second is ‘no’. Accordingly, whilst mindful of
		the point that Sir Tom McKillop's roles and
		performance at RBS and BP are not analogous, it
		would be prudent for shareholders to oppose Sir Tom
		McKillop's re-election. Shareholders are
		recommended to vote AGAINST the re-election of
		this candidate.
	16	Re-elect Sir Ian Prosser as Director		For	For		Mgmt
	17	Re-elect Peter Sutherland as Director		For	For		Mgmt
	18	Reappoint Ernst & Young LLP as		For	For		Mgmt
		Auditors and Authorise Board to Fix
		Their Remuneration
Mgmt Rec - Company Management Recommended Vote								Page 32

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	19	Authorise 1,800,000,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	20	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 1,561,000,000
	21	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 234,000,000
	22	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
04/30/09 - A	British American Tobacco		G1510J102			None		1,271
	plc
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 61.6 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	5	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	6 (a)	Re-elect Paul Adams as Director		For	For		Mgmt
	6 (b)	Re-elect Jan du Plessis as Director		For	For		Mgmt
	6 (c)	Re-elect Robert Lerwill as Director		For	For		Mgmt
	6 (d)	Re-elect Sir Nicholas Scheele as		For	For		Mgmt
		Director
	7	Elect Gerry Murphy as Director		For	For		Mgmt
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 166,359,108
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 24,953,866
	10	Authorise 199,600,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	11	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Parties or
		Independent Election Candidates, to
		Political Organisations Other than
		Political Parties and to Incur EU
		Political Expenditure up to GBP
		1,000,000
Mgmt Rec - Company Management Recommended Vote								Page 33

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Vote Recommendation The Company is seeking
		a four-year authority to make political donations and
		incur political expenditure within the EU, the
		Company has outlined that the authority is sought
		merely to enable it to operate without running the risk
		of being in breach of a law which is subject to varying
		interpretations. The Company states in the notice of
		meeting that it does not intend to utilise the authority.
		The previous four-year authority granted at the 2005
		AGM was not utilised. The Company confirmed
		that in the event that the authority is used, the NAPF
		request for the authority to be renewed at the
		following AGM would be referred to the Board for
		consideration. As the Company provided this
		commitment and as the Company did not make any
		political donations during the period of the previous
		four-year authority, shareholders are advised to vote
		FOR this item. However, the fact that length of the
		proposed authority diverges from NAPF policy
		guidelines is highlighted via a contentious for
		recommendation. [Vote Recommendation:
		CONTENTIOUS FOR]
	12	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
	13	Adopt New Articles of Association with		For	For		Mgmt
		Effect from 01 October 2009
05/07/09 - A	Bruker Corp. *BRKR*		116794108			03/31/09		1,974
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Bucyrus International, Inc.		118759109			03/13/09		959
	*BUCY*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Paul W. Jones ---
		Withhold
		Comp committee member during period of poor pay
		practices
	1.2	Elect Director Robert L. Purdum ---
		Withhold
		Comp committee member during period of poor pay
		practices
	1.3	Elect Director Timothy W. Sullivan ---
		For
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 34

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/21/09 - A	Buffalo Wild Wings, Inc.		119848109			03/30/09		841
	*BWLD*
	1	Fix Number of Directors at Seven		For	For		Mgmt
		Current number if directors is 7; no evidence of
		entrenchment.
	2	Elect Directors		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Adopt Purchasing Preference for		Against	Against		ShrHoldr
		Suppliers Using CAK
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/23/09 - A	Burlington Northern Santa Fe		12189T104			02/27/09		688
	Corp. *BNI*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Language consistant with prior proposals supported
		by PPC.
	4	Amend Bylaws-- Call Special Meetings		Against	Against		ShrHoldr
		Company already has 25% right to call special
		meeting.
	5	Report on Political Contributions		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		company is not in comliance with current law or that
		proposal will improve economic results beyond what
		can be accomplished under current policies.
04/23/09 - A	Capital One Financial Corp.		14040H105			02/23/09		3,138
	*COF*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Richard D. Fairbank ---
		For
	1.2	Elect Director E.R. Campbell --- Against
		Comp committee member during period of poor lay
		practices.
	1.3	Elect Director Bradford H. Warner ---
		For
	1.4	Elect Director Stanley Westreich ---
		Against
		Comp committee member during period of poor lay
Mgmt Rec - Company Management Recommended Vote								Page 35

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Advisory Vote on Executive		For	Against		Mgmt
		Compensation
		NEO CIC with tax gross-ups.
04/28/09 -	Carrefour		F13923119			04/23/09		726
A/S
		Special Business
	1	Approve Financial Statements and		For	For		Mgmt
		Discharge Directors
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Transaction with Jose-Luis		For	For		Mgmt
		Duran Re: Severance Payments
	4	Approve Transaction with Lars		For	For		Mgmt
		Olofsson Re: Severance Payments
	5	Approve Treatment of Losses and		For	For		Mgmt
		Dividends of EUR 1.08 per Share
	6	Elect Lars Olofsson as Director		For	For		Mgmt
	7	Reelect Rene Abate as Director		For	For		Mgmt
	8	Reelect Nicolas Bazire as Director		For	For		Mgmt
	9	Reelect Jean-Martin Folz as Director		For	For		Mgmt
	10	Reappoint Deloitte & Associes as		For	For		Mgmt
		Audito and BEAS as Alternate Auditor
	11	Reappoint KPMG as Auditor		For	For		Mgmt
	12	Ratify Bernard Perot as Alternate		For	For		Mgmt
		Auditor
	13	Authorize Repurchase of Up to 10		For	Against		Mgmt
		Percent of Issued Share Capital
		Special Business
	14	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	15	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 500 Million
	16	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 350 Million
	17	Authorize Board to Increase Capital in		For	Against		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	18	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 500 Million for Bonus Issue
		or Increase in Par Value
Mgmt Rec - Company Management Recommended Vote								Page 36

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	19	Authorize up to 3 Percent of Issued		For	Against		Mgmt
		Capital for Use in Stock Option Plan
	20	Authorize up to 0.2 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock Plan
	21	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	22	Approve Employee Stock Purchase		For	For		Mgmt
		Plan for International Employees
06/10/09 - A	Caterpillar Inc. *CAT*		149123101			04/13/09		1,211
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Daniel M. Dickinson ---
		For
	1.2	Elect Director David R. Goode --- For
	1.3	Elect Director James W. Owens --- For
	1.4	Elect Director Charles D. Powell --- For
		Sits on 6 boards but plans to resign from one.
	1.5	Elect Director Joshua I. Smith --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		Against	For		ShrHoldr
	4	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
	5	Report on Foreign Military Sales		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	6	Adopt Simple Majority Vote Standard		Against	For		ShrHoldr
	7	Limitation on Compensation Consultant		Against	Against		ShrHoldr
		Services
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	8	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	9	Report on Lobbying Priorities		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/30/09 - A	Central European		153435102			03/03/09		339
	Distribution Corporation
	*CEDC*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director William V. Carey --- For
Mgmt Rec - Company Management Recommended Vote								Page 37

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.2	Elect Director David Bailey --- Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.3	Elect Director N. Scott Fine --- For
	1.4	Elect Director Marek Forysiak --- For
	1.5	Elect Director Robert P. Koch --- For
	1.6	Elect Director Jan W. Laskowski ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.7	Elect Director Markus Sieger --- For
	1.8	Elect Director Sergey Kupriyanov ---
		For
	2	Ratify Auditors		For	For		Mgmt
04/21/09 -	CF Industries Holdings, Inc.		125269100			03/16/09		616
PC	*CF*
		Management Proxy (White Card)
	1.1	Elect Director Stephen A. Furbacher		For	For		Mgmt
		Dissident did not prove case for change.
	1.2	Elect Director David R. Harvey		For	For		Mgmt
		Dissident did not prove case for change.
	1.3	Elect Director John D. Johnson		For	For		Mgmt
		Dissident did not prove case for change.
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
		Dissident Proxy (Green Card)
	1.1	Elect Director Stephen A. Furbacher		Withhold	None		ShrHoldr
	1.2	Elect Director David R. Harvey		Withhold	None		ShrHoldr
	1.3	Elect Director John D. Johnson		Withhold	None		ShrHoldr
	2	Ratify Auditors		For	None		Mgmt
	3	Approve Omnibus Stock Plan		For	None		Mgmt
05/06/09 - A	Champion Enterprises, Inc.		158496109			03/10/09		8,317
	*CHB*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert W. Anestis ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.2	Elect Director Eric S. Belsky ---
		Withhold
		Comp committee member during period of
Mgmt Rec - Company Management Recommended Vote								Page 38

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		pay/performance disconnect and poor pay practices.
	1.3	Elect Director William C. Griffiths --- For
	1.4	Elect Director Selwyn Isakow --- For
	1.5	Elect Director G. Michael Lynch --- For
	1.6	Elect Director Thomas A. Madden ---
		For
	1.7	Elect Director Shirley D. Peterson ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	2	Ratify Auditors		For	For		Mgmt
05/27/09 - A	Chevron Corporation *CVX*		166764100			04/01/09		4,441
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	4	Amend Omnibus Stock Plan		For	For		Mgmt
	5	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholders already have right to call special
		meeting (25%).
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
	7	Adopt Quantitative GHG Goals for		Against	Against		ShrHoldr
		Products and Operations
		Company appears to be addressing proponents
		issues though it may have different views on certain
		solutions. Management responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will result in improved shareholder returns.
	8	Adopt Guidelines for Country Selection		Against	Against		ShrHoldr
		Company appears to be addressing proponents
		issues though it may have different views on certain
		solutions. Management responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will result in improved shareholder returns.
	9	Adopt Human Rights Policy		Against	Against		ShrHoldr
		Current policies appear to address the
		proposal’s intent. Management responded
		meaningfully; no evidence of non-compliance with
		current law or that proposal will result in improved
		shareholder returns.
	10	Report on Market Specific		Against	Against		ShrHoldr
		Environmental Laws
Mgmt Rec - Company Management Recommended Vote								Page 39

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Company appears to be addressing proponents
		issues though it may have different views on certain
		solutions. Management responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will result in improved shareholder returns.
05/13/09 - A	Cinemark Holdings Inc.		17243V102			03/20/09		1,157
	*CNK*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/21/09 - A	Citigroup Inc. *C*		172967101			02/27/09		9,201
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director C. Michael Armstrong ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.2	Elect Director Alain J.P. Belda ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.3	Elect Director John M. Deutch ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.4	Elect Director Jerry A. Grundhofer ---
		For
	1.5	Elect Director Andrew N. Liveris --- For
	1.6	Elect Director Anne Mulcahy --- For
	1.7	Elect Director Michael E. O'Neill --- For
	1.8	Elect Director Vikram Pandit --- For
	1.9	Elect Director Richard D. Parsons ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.10	Elect Director Lawrence R. Ricciardi ---
		For
	1.11	Elect Director Judith Rodin --- For
	1.12	Elect Director Robert L. Ryan --- For
	1.13	Elect Director Anthony M. Santomero --
		- For
	1.14	Elect Director William S. Thompson, Jr.
		--- For
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 40

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Pay/performance disconnect and poor pay practices.
	5	Disclose Prior Government Service		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	6	Report on Political Contributions		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	7	Report on Predatory Lending Policies		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	8	Require More Director Nominations		Against	Against		ShrHoldr
		Than Open Seats
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that proposal could be implemented in a
		productive way.
	9	Prepare Carbon Principles Report		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	10	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Adequate stock retention policies already in place.
	11	Disclose Information on Compensation		Against	Against		ShrHoldr
		Consultant
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	12	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholder already have right to act by written
		consent and call special meeting (25%).
	13	Restore or Provide for Cumulative		Against	Against		ShrHoldr
		Voting
Mgmt Rec - Company Management Recommended Vote								Page 41

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/12/09 - A	Coeur D' Alene Mines Corp.		192108108			03/19/09		7,613
	*CDE*
	1	Elect Directors		For	For		Mgmt
	2	Adjust Par Value of Common Stock		For	For		Mgmt
		Routine management financing decision.
	3	Approve Reverse Stock Split		For	For		Mgmt
	4	Increase Authorized Common Stock		For	For		Mgmt
	5	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Comcast Corp. *CMCSA*		20030N101			03/04/09		5,436
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director S. Decker Anstrom ---
		Withhold
		Comp committee member during period of poor pay
		practives. Short and long term incentive plans use
		same performance targets; awards are earned once
		and paid twice. CEO (14.2% base salary) and other
		NEO personal use of corporate aircraft considerably
		above industry norm (8% base salary). 12%
		guaranteed interest paid on NEO deferred comp
		while employed; prime plus 1 paid after employment.
		Tax gross-ups paid on split dollar life insurance
		premiums.
	1.2	Elect Director Kenneth J. Bacon --- For
	1.3	Elect Director Sheldon M. Bonovitz ---
		For
	1.4	Elect Director Edward D. Breen --- For
	1.5	Elect Director Julian A. Brodsky --- For
	1.6	Elect Director Joseph J. Collins ---
		Withhold
		Comp committee member during period of poor pay
		practives. Short and long term incentive plans use
		same performance targets; awards are earned once
		and paid twice. CEO (14.2% base salary) and other
		NEO personal use of corporate aircraft considerably
		above industry norm (8% base salary). 12%
		guaranteed interest paid on NEO deferred comp
		while employed; prime plus 1 paid after employment.
		Tax gross-ups paid on split dollar life insurance
		premiums.
	1.7	Elect Director J. Michael Cook --- For
	1.8	Elect Director Gerald L. Hassell --- For
	1.9	Elect Director Jeffrey A. Honickman ---
		For
	1.10	Elect Director Brian L. Roberts --- For
	1.11	Elect Director Ralph J. Roberts --- For
	1.12	Elect Director Dr. Judith Rodin ---
Mgmt Rec - Company Management Recommended Vote								Page 42

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Withhold
		Comp committee member during period of poor pay
		practives. Short and long term incentive plans use
		same performance targets; awards are earned once
		and paid twice. CEO (14.2% base salary) and other
		NEO personal use of corporate aircraft considerably
		above industry norm (8% base salary). 12%
		guaranteed interest paid on NEO deferred comp
		while employed; prime plus 1 paid after employment.
		Tax gross-ups paid on split dollar life insurance
		premiums.
	1.13	Elect Director Michael I. Sovern ---
		Withhold
		industry norm (8% base salary). 12% guaranteed
		interest paid on NEO deferred comp while employed;
		prime plus 1 paid after employment. Tax gross-ups
		paid on split dollar life insurance premiums.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Amend Restricted Stock Plan		For	For		Mgmt
	5	Amend Stock Option Plan		For	For		Mgmt
	6	Increase Disclosure of Executive		Against	Against		ShrHoldr
		Compensation
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	7	Seek Shareholder Approval on Certain		Against	Against		ShrHoldr
		Future Death Benefit Arrangements
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	8	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding advisory ratification proposal
		consistently supported by PPC.
	9	Adopt a Recapitalization Plan		Against	For		ShrHoldr
		One vote per share; end dual class stock.
05/13/09 - A	ConocoPhillips *COP*		20825C104			03/16/09		3,286
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
	4	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
Mgmt Rec - Company Management Recommended Vote								Page 43

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification consistent with
		prior proposals supported by PPC.
	6	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	7	Adopt Quantitative GHG Goals for		Against	Against		ShrHoldr
		Products and Operations
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	8	Report on Environmental Impact of Oil		Against	Against		ShrHoldr
		Sands Operations in Canada
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	9	Require Director Nominee		Against	Against		ShrHoldr
		Qualifications
		Management responded meaningfully; adequate
		process already in place; no evidence that proposal
		will improve shareholder returns.
05/05/09 - A	Consolidated		209034107			03/18/09		1,817
	Communications Holdings,
	Inc. *CNSL*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 1.83% is within allowable cap of
		20.36%.
05/14/09 - A	Corporate Office Properties		22002T108			03/16/09		569
	Trust, Inc. *OFC*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/12/09 - A	Cousins Properties Inc.		222795106			03/13/09		626
	*CUZ*
	1	Elect Directors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 44

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Approve Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 7.14% exceeds allowable cap of
		5.00%.
	3	Ratify Auditors		For	For		Mgmt
05/05/09 - A	Cross Country Healthcare,		227483104			03/05/09		1,782
	Inc. *CCRN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/07/09 - A	Crosstex Energy, Inc. *XTXI*		22765Y104			03/17/09		670
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 8.29% exceeds allowable cap of
		7.61%.
	3	Ratify Auditors		For	For		Mgmt
05/12/09 - A	Cummins, Inc. *CMI*		231021106			03/16/09		1,913
	1	Elect Director Robert J. Bernhard		For	For		Mgmt
	2	Elect Director Robert J. Darnall		For	For		Mgmt
	3	Elect Director Robert K. Herdman		For	For		Mgmt
	4	Elect Director Alexis M. Herman		For	For		Mgmt
	5	Elect Director N. Thomas Linebarger		For	For		Mgmt
	6	Elect Director William I. Miller		For	For		Mgmt
	7	Elect Director Georgia R. Nelson		For	For		Mgmt
	8	Elect Director Theodore M. Solso		For	For		Mgmt
	9	Elect Director Carl Ware		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Amend Omnibus Stock Plan		For	For		Mgmt
	12	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	13	Adopt and Implement ILO-based		Against	Against		ShrHoldr
		Human Rights Policy
		Management responded meaningfully; has already
		adopted core provisions of ILO Human Rights Policy;
		no evidence of non-compliance with current law or
		that proposal will improve shareholder returns.
05/06/09 - A	CVS Caremark Corp *CVS*		126650100			03/12/09		2,790
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
		Currently no right to call special meeting; written
		consent requires 100% (not realistic).
Mgmt Rec - Company Management Recommended Vote								Page 45

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	5	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		company not in compliance with current law or that
		proposal will result in improved shareholder returns.
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of comp as
		disclosed in proxy statement.
04/08/09 - A	Daimler AG		D1668R123			None		1,066
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.60 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify KPMG AG as Auditors for Fiscal		For	For		Mgmt
		2009
	6	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Authorize Use of Financial Derivatives		For	For		Mgmt
		when Repurchasing Shares
	8	Elect Supervisory Board Member		For	For		Mgmt
	9	Approve Affiliation Agreements with		For	For		Mgmt
		EvoBus GmbH
	10	Amend Articles Re: Convocation of		For	For		Mgmt
		General Meeting due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
	11	Approve Creation of EUR 1 Billion Pool		For	For		Mgmt
		of Capital without Preemptive Rights
05/05/09 - A	Danaher Corp. *DHR*		235851102			03/09/09		584
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
	4	Adopt Employment Contract		Against	Against		ShrHoldr
		Valid intent but drafted in an overly restrictive
		manner.
	5	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Management has responded meaningfully; stock
Mgmt Rec - Company Management Recommended Vote								Page 46

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		retention guidelines are already in place and comp
		committee should have some latitude to establish
		appropriate levels.
	6	Report on Mercury Product Policies		Against	Against		ShrHoldr
		Management has responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will improve shareholder returns.
04/23/09 -	Danone		F12033134			04/20/09		600
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.20 per Share
	4	Approve Stock Dividend Program		For	For		Mgmt
	5	Approve Auditors' Special Report		For	Against		Mgmt
		Regarding Related-Party Transactions
		Although the conditions attached to the ongoing
		severance payments transaction (relating to their
		corporate officers mandates) are stringent and
		measurable, the amount Franck Riboud, Jacques
		Vincent, Emmanuel Faber, and Bernard Hours may
		benefit from, added to the amount they may benefit
		from the collective bargaining agreement which
		applies to Groupe Danone's employee in the event
		that they would also be dismissed, may exceed twice
		the remuneration they received for the last ended
		fiscal year. Moreover, Emmanuel Faber and Bernard
		Hours may benefit from a non-compete clause, the
		amount of which would be added the preceding
		amount. Therefore, this resolution does not warrant
		support.
	6	Reelect Richard Goblet d'Alviella as		For	Against		Mgmt
		Director
		For this market, if the proposed board does not
		consist of a majority of independent directors, the
		election or reelection of any non-independent director
		(except the CEO) is not recommended. At Groupe
		Danone, if all the elections proposed at this general
		meeting were approved, only 43 percent of the board
		of directors would be independent. Therefore, as
		Christian Laubie is not independent, his reelection
		does not merit support (item 7). As Jean Laurent,
		Hakan Mogren, Benoit Potier, and Guylaine
		Saucier are independent, their (re)elections are
		recommended (items 8, 9, 10, and
Mgmt Rec - Company Management Recommended Vote								Page 47

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		11). Moreover, at this meeting, one of the
		nominees proposed for reelection, Richard Goblet
		d'Alviella, is an executive corporate officer (CEO of
		Sofina SA) and holds more than three directorships
		in listed companies outside the group (Groupe
		Danone SA, Delhaize Groupe, Caledonia
		Investments, and Eurazeo). Therefore, the reelection
		of this candidate does not warrant support (item 6).
	7	Reelect Christian Laubie as Director		For	Against		Mgmt
	8	Reelect Jean Laurent as Director		For	For		Mgmt
	9	Reelect Hakan Mogren as Director		For	For		Mgmt
	10	Reelect Benoit Potier as Director		For	For		Mgmt
	11	Elect Guylaine Saucier as Director		For	For		Mgmt
	12	Approve Remuneration of Directors in		For	For		Mgmt
		the Aggregate Amount of EUR 600,000
	13	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		As the share repurchase program cannot be
		continued during a takeover period, provided that the
		reciprocity principle applies, shareholders are
		advised to support the resolution.
	14	Approve Creation of Danone Eco-		For	For		Mgmt
		Systeme Fund
		Special Business
	15	Change Company Name to Danone		For	For		Mgmt
	16	Amend Article 7 of Bylaws Re:		For	For		Mgmt
		Delegation of Power in Case of Share
		Capital Increase
	17	Amend Articles 10 of Association Re:		For	For		Mgmt
		Shareholders Identification
	18	Amend Article 18 of Bylaws Re:		For	For		Mgmt
		Attendance to Board Meetings Through
		Videoconference and
		Telecommunication
	19	Amend Article 22 of Bylaws Re: Record		For	For		Mgmt
		Date
	20	Amend Article 26 of Bylaws Re:		For	For		Mgmt
		Electronic Voting
	21	Amend Article 27 of Bylaws Re:		For	For		Mgmt
		Delegation of Powers to the Board for
		the Issuance of Bonds
	22	Amend Articles 27 and 28 of		For	For		Mgmt
		Association Re: Quorum Requirements
		for Ordinary and Extraordinary General
		Meetings
	23	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 45 Million
		+ Capital increase with preemptive rights: The
Mgmt Rec - Company Management Recommended Vote								Page 48

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		potential capital increase with preemptive rights,
		under item 23, amounts to EUR 45 million, which
		represents 35 percent of issued share
		capital. The authorization is deemed acceptable
		for issuances with preemptive rights. + Capital
		increase without preemptive rights: Considering
		that the company provides under item 24 a binding
		priority right for existing shareholders to subscribe to
		the capital increase, our guideline for issuances
		without preemptive rights is 50 percent. Therefore, a
		potential capital increase of EUR 30 million (23.36
		percent of issued capital) is deemed acceptable for
		general requests to issue capital without preemptive
		rights with a binding priority right. Given their
		reasonable level of dilution, items 26 and 27 merit
		shareholders' support as well.
	24	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 30 Million
	25	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegations Submitted to
		Shareholder Vote Above
		The amount requested under this item would not
		exceed the limit set for issuances with preemptive
		rights under item 23 nor the limit set for issuances
		that do not respect preemptive rights under item 24.
		Therefore, the additional potential capital increases
		are deemed acceptable.
	26	Authorize Capital Increase of Up to		For	For		Mgmt
		EUR 25 Million for Future Exchange
		Offers
	27	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	28	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 33 Million for Bonus Issue
		or Increase in Par Value
		Dilution is not a problem when capital is increased
		using these scenarios, as this would merely transfer
		wealth to shareholders.
	29	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
		The potential dilution being acceptable, this proposal
		merits support.
	30	Authorize up to 6 Million Shares for Use		For	For		Mgmt
		in Stock Option Plan
	31	Authorize up to 2 Million Shares for Use		For	Against		Mgmt
		in Restricted Stock Plan
Mgmt Rec - Company Management Recommended Vote								Page 49

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Currently, there is no restricted stock plan at Groupe
		Danone. The volume proposed is not excessive and
		the company undertakes, in its 2008 registration
		document, to take into account the completion of the
		group targets and the performance of the group at
		the moment of the granting. However, the current
		absence of information on performance criteria
		(nature and target) warrants opposition to this
		proposal.
	32	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
		The amount of capital that may be cancelled is
		limited to 10 percent in any 24-month period.
	33	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/27/09 - A	Delta Petroleum Corp.		247907207			04/20/09		1,403
	*DPTR*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Roger A. Parker --- For
	1.2	Elect Director John R. Wallace --- For
	1.3	Elect Director Hank Brown --- For
	1.4	Elect Director Kevin R. Collins ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.5	Elect Director Jerrie F. Eckelberger ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.6	Elect Director Aleron H. Larson, Jr. ---
		For
	1.7	Elect Director Russell S. Lewis ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
Mgmt Rec - Company Management Recommended Vote								Page 50

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		vested awards.
	1.8	Elect Director James J. Murren ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.9	Elect Director Jordan R. Smith ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.10	Elect Director Daniel J. Taylor --- For
	1.11	Elect Director James B. Wallace --- For
	1.12	Elect Director Anthony Mandekic --- For
	1.13	Elect Director Jean-Michel Fonck ---
		For
	2	Ratify Auditors		For	For		Mgmt
05/26/09 - A	Deutsche Bank AG		D18190898			None		657
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify KPMG AG as Auditors for Fiscal		For	For		Mgmt
		2009
	6	Authorize Repurchase of Up to Five		For	For		Mgmt
		Percent of Issued Share Capital for
		Trading Purposes
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Amend Articles Re: Registration for the		For	For		Mgmt
		General Meeting
	9	Amend Articles Re: Electronic Media		For	For		Mgmt
		Transmission of Annual Meeting due to
		New German Legislation (Law on
		Transposition of EU Shareholders'
Mgmt Rec - Company Management Recommended Vote								Page 51

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Rights Directive)
	10	Approve Creation of EUR 128 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	11	Approve Creation of EUR 176.6 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	12	Approve Creation of EUR 314.9 Million		For	For		Mgmt
		Pool of Capital with Preemptive Rights
	13	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 9
		Billion; Approve Creation of EUR 256
		Million Pool of Capital to Guarantee
		Conversion Rights
04/21/09 - A	Deutsche Post AG		D19225107			None		971
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.60 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
	6	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Authorize Use of Financial Derivatives		For	For		Mgmt
		when Repurchasing Shares
	8	Approve Creation of EUR 240 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	9a	Elect Ulrich Schroeder to the		For	For		Mgmt
		Supervisory Board
	9b	Elect Henning Kagermann to the		For	For		Mgmt
		Supervisory Board
	9c	Elect Stefan Schulte to the Supervisory		For	For		Mgmt
		Board
	10	Amend Articles Re: Proxy Voting and		For	For		Mgmt
		Location of General Meeting
04/30/09 - A	Deutsche Telekom AG		D2035M136			None		2,591
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
Mgmt Rec - Company Management Recommended Vote								Page 52

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.78 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Postponement of Discharge		For	For		Mgmt
		for Former Supervisory Board Member
		Klaus Zumwinkel for Fiscal 2008
	5	Approve Discharge of Supervisory		For	For		Mgmt
		Board Members, Excluding Klaus
		Zumwinkel, for Fiscal 2008
	6	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Elect Joerg Asmussen to the		For	For		Mgmt
		Supervisory Board
	9	Elect Ulrich Schroeder to the		For	For		Mgmt
		Supervisory Board
	10	Approve Affiliation Agreements with		For	For		Mgmt
		Subsidiary Interactive Media CCSP
		GmbH
	11	Approve Creation of EUR 2.2 Billion		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	12	Approve Creation of EUR 38.4 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	13	Amend Articles Re: Audio/Video		For	For		Mgmt
		Transmission of Annual Meeting due to
		New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
	14	Amend Articles Re: Attestation of		For	For		Mgmt
		Shareholding and Voting Rights
		Representation at Annual Meeting due
		to New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
04/28/09 - A	Digital Realty Trust Inc.		253868103			03/03/09		763
	*DLR*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/29/09 - A	E.I. Du Pont De Nemours &		263534109			03/04/09		1,765
	Co. *DD*
	1	Elect Director Samuel W. Bodman		For	For		Mgmt
	2	Elect Director Richard H. Brown		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 53

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Elect Director Robert A. Brown		For	For		Mgmt
	4	Elect Director Bertrand P. Collomb		For	For		Mgmt
	5	Elect Director Curtis J. Crawford		For	For		Mgmt
	6	Elect Director Alexander M. Cutler		For	For		Mgmt
	7	Elect Director John T. Dillon		For	For		Mgmt
	8	Elect Director Eleuthere I. Du Pont		For	For		Mgmt
	9	Elect Director Marillyn Hewson		For	For		Mgmt
	10	Elect Director Charles O. Holliday, Jr.		For	For		Mgmt
	11	Elect Director Lois D. Juliber		For	For		Mgmt
	12	Elect Director Ellen J. Kullman		For	For		Mgmt
	13	Elect Director William K. Reily		For	For		Mgmt
	14	Ratify Auditors		For	For		Mgmt
	15	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior non-binding shareholder
		ratification of exec comp proposals supported by
		PPC.
05/06/09 - A	E.ON AG (formerly Veba AG)		D24914133			None		2,317
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Elect Jens Heyerdahl to the		For	For		Mgmt
		Supervisory Board
	6a	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
	6b	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for the Inspection of the
		Abbreviated Financial Statements for
		the First Half of Fiscal 2009
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares; Authorize Use of
		Financial Derivatives When
		Repurchasing Shares
	8	Approve Creation of EUR 460 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	9a	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 5
		Billion; Approve Creation of EUR 175
		Million Pool of Capital to Guarantee
Mgmt Rec - Company Management Recommended Vote								Page 54

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Conversion Rights
	9b	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 5
		Billion; Approve Creation of EUR 175
		Million Pool of Capital to Guarantee
		Conversion Rights
	10	Amend Corporate Purpose		For	For		Mgmt
	11a	Amend Articles Re: Audio and Video		For	For		Mgmt
		Transmission at Annual Meeting due to
		New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
	11b	Amend Articles Re: Voting Rights		For	For		Mgmt
		Representation at Annual Meeting due
		to New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
	11c	Amend Articles Re: Convocation of		For	For		Mgmt
		Annual Meeting due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
	12	Approve Affiliation Agreement with		For	For		Mgmt
		E.ON Einundzwanzigste Verwaltungs
		GmbH
	13	Approve Affiliation Agreement with		For	For		Mgmt
		E.ON Zweiundzwanzigste Verwaltungs
		GmbH
06/23/09 - A	East Japan Railway Co		J1257M109			03/31/09		182
	*9020*
		Management Proposals
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JPY 55
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	4.2	Appoint Statutory Auditor		For	For		Mgmt
	5	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
		Shareholder Proposals
Mgmt Rec - Company Management Recommended Vote								Page 55

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6	Amend Articles to Allow Shareholder		Against	Against		ShrHoldr
		Meeting Agenda to Include Compliance
		Related Resolutions
		We do not believe that turning the annual
		shareholder meeting into a forum for the airing of
		grievances -- many of which date back to the
		company's formation more than 20 years ago when
		the former Japan National Railway (JNR) was broken
		up and privatized -- will benefit portfolio investors in
		the company who are primarily concerned with
		shareholder returns. Moreover, we are skeptical of
		the labor activists' objectivity in this debate, and
		regard policy decisions of this type as appropriate to
		be determined by management with board oversight,
		until and unless evidence emerges that management
		or the board is not acting in the best interests of
		shareholders. We recommend a vote against this
		proposal.
	7	Amend Articles to Form Committee on		Against	Against		ShrHoldr
		Compliance
		We are skeptical of the labor activists' objectivity in
		this debate. While management itself admits lapses
		in compliance in specific cases, it also appears that it
		acknowledges a need for appropriate consideration
		of measures to prevent recurrence. We regard policy
		decisions of this type as appropriate to be
		determined by management with board oversight,
		until and unless evidence emerges that management
		or the board is not acting in the best interests of
		shareholders. We recommend a vote against this
		proposal.
	8	Amend Articles to Require Disclosure		Against	For		ShrHoldr
		of Individual Director Compensation
		Levels
		RMG has consistently supported proposals of this
		type for several years, as we believe that
		shareholders ought to have the right to know how
		their representatives are being compensated, and
		that disclosure of aggregate levels only does not
		promote individual accountability. That is particularly
		true in the case of East Japan Railway, because the
		25-member board of directors is large even by
		Japanese standards. Moreover, we note that the
		current monthly compensation ceiling dates to 1993,
		prior to the company's listing on the Tokyo Stock
		Exchange, so it is somewhat misleading for the
		company to argue that shareholders have had an
		opportunity to vote on it. Although we recognize that
		the sponsors of this proposal are likely not motivated
		primarily by a commitment to transparency in support
Mgmt Rec - Company Management Recommended Vote								Page 56

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		of shareholder value (the proponents are widely seen
		as a labor union faction allied with Japan's
		Communist Party), we believe that the information
		sought in the proposal will in fact benefit ordinary
		investors. Management has presented
		interesting arguments in meetings with RMG that
		acknowledge that proposals such as this might be
		reasonable in isolation, but stress political reasons
		that shareholders would be advised not to give them
		any victories. These spokespeople argue that the
		labor union faction's agenda is to cast doubt on the
		considerable progress East Japan Railway has made
		in compliance and other areas since privatization,
		and, to somehow turn back the clock and encourage
		a larger national government role or even re-
		nationalization. The proponents' literature certainly
		taps into popular discontent with market reforms
		under a former prime minister, Junichiro Koizumi
		(known for privatizing the post office and its massive
		Postal Savings banking system), and a popular
		tendency to blame　America-based "market
		fundamentalism" for the current global economic
		crisis. Lapses aside, the firm does not appear to
		have a bad reputation in compliance overall, and,
		risking faint praise, the firm is far more efficient than
		was the old Japan National Railway
		system. However, we are skeptical of the
		implication that such a group's ability to gain
		significant support on any resolution somehow
		legitimizes other parts of their message. On the
		contrary, we believe that explicitly taking a
		shareholder-value, content-based, approach to their
		proposals risks little. It might encourage them to
		circulate more shareholder-friendly proposals
		unrelated to their ostensible agenda in the future, but
		winning support only on these proposals hardly
		seems to offer them potential momentum on issues
		such as re-hiring of workers laid off twenty years ago,
		or re-nationalization of railroads, much less an old-
		guard communist agenda. Because we believe the
		proposed amendment will improve the flow of useful,
		relevant information to shareholders, and may
		enhance the company's overall reputation for
		transparency and accountability, we recommend
		support for this resolution.
	9	Amend Articles to Require At Least		Against	For		ShrHoldr
		20% Non-Executive Board of Directors
		RMG encourages nomination of non-executive
		directors able to exercise highly independent
		oversight of management, and we agree with the
		substantial global consensus among institutional
Mgmt Rec - Company Management Recommended Vote								Page 57

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		investors that Japanese boards suffer from excessive
		domination by executive insiders. Although placing a
		minimum quota in the articles of association runs the
		risk of encouraging a legalistic mindset, and may
		perpetuate the reluctance to go any further toward
		the goal of meaningful independent board oversight,
		20 percent is far below the majority that most
		institutions favor, and the step could help convey the
		message that shareholders do favor more
		independent oversight.
	10	mend Articles to Clarify Roles of		Against	Against		ShrHoldr
		Advisors and to Create Board
		Committees on Labor Relations and on
		Safety
		RMG is concerned about the safety concerns raised
		about the firm, but we are skeptical that shareholder-
		mandated board committees without management
		support could do much to help advance safety, labor
		relations or shareholder value. The complex
		business of nurturing improvement in labor relations
		and a railroad's safety record are appropriate to be
		determined by management with board oversight,
		until and unless evidence emerges that management
		or the board is not acting in the best interests of
		shareholders. We recommend a vote against this
		proposal.
	11.1	Remove Chairman Mutsutake Ohtsuka		Against	Against		ShrHoldr
		from Board
		We are skeptical of the labor activists' agenda, and
		not convinced that possible lapses in judgment in the
		past were not isolated instances, or that they betray
		a systematic or sustained disregard for the
		company's interests. Moreover, the proponents'
		proposed replacements do not appear much better
		qualified to oversee management in the interest of
		shareholder interests and long-term corporate
		survival (see Item 12). Like the vast majority of
		Japanese firms, this board is too management-
		dominated to exercise the sort of oversight that could
		avert future management risks, but the proposed
		ousters do not appear to offer an effective remedy.
		RMG recommends votes against these eight
		proposed ousters.
	11.2	Remove President Satoshi Seino from		Against	Against		ShrHoldr
		Board
	11.3	Remove Vice President Masaki Ogata		Against	Against		ShrHoldr
		from Board
	11.4	Remove Director Hiroyuki Nakamura		Against	Against		ShrHoldr
		from Board
	11.5	Remove Director Tohru Owada from		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 58

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board
	11.6	Remove Director Seiichiro Oi from		Against	Against		ShrHoldr
		Board
	11.7	Remove Director Yuji Fukazawa from		Against	Against		ShrHoldr
		Board
	11.8	Remove Director Yuji Morimoto from		Against	Against		ShrHoldr
		Board
	12.1	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
		The nominees have backgrounds as academics and
		labor activists, but not as corporate managers. The
		fifth nominee is a former employee of what was then
		Japan National Railway, but otherwise none of the
		nominees has experience in the railway industry.
		RMG does not believe that any of the nominees will
		be able to make a positive contribution to the
		deliberations of the board, on behalf of ordinary
		investors, given that the purpose of their appointment
		would be to battle incumbent management. We
		recommend that shareholders oppose these
		nominations.
	12.2	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
	12.3	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
	12.4	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
	12.5	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
	13	Cut Director Compensation by 20		Against	Against		ShrHoldr
		Percent
		We do not see a coherent case to mandate a pay
		cut, and recommend a vote against this item.
	14	Approve Alternate Income Allocation to		Against	Against		ShrHoldr
		Establish Reserve for Reemployment of
		Former JNR Employees
		We do not believe it is appropriate to ask the
		company's 280,000 shareholders to sacrifice their
		final dividend for the (potential) benefit of a limited
		number of stakeholders, and we recommend that
		shareholders oppose this resolution.
	15	Approve Alternate Income Allocation to		Against	Against		ShrHoldr
		Establish Reserve for Consolidation of
		Local Rail Lines
		The proponents present no financial justification for
		such assistance, and management asserts that the
		move is not justifiable from the standpoint of
		shareholder value. We find management's assertion
		that their proposal would not help shareholder value
		to be highly convincing. While voters may legitimately
Mgmt Rec - Company Management Recommended Vote								Page 59

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		decide to allocate taxpayer resources to such a
		purpose, we see no justification to use East Japan
		Railway shareholder assets in this way. We cannot
		support this item.
04/29/09 - A	eBay Inc. *EBAY*		278642103			03/04/09		3,004
	1	Elect Directors		For	For		Mgmt
	2	Approve Stock Option Exchange		For	For		Mgmt
		Program
		Value enhancing to shareholders; excludes execs
		and non-employee directors.
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
06/09/09 - A	eHealth Inc *EHTH*		28238P109			04/17/09		1,594
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
		Executive officers will receive cash.
05/06/09 - A	EMC Corporation *EMC*		268648102			03/05/09		4,989
	1	Elect Director Michael W. Brown		For	For		Mgmt
	2	Elect Director Randolph L. Cowen		For	For		Mgmt
	3	Elect Director Michael J. Cronin		For	For		Mgmt
	4	Elect Director Gail Deegan		For	For		Mgmt
	5	Elect Director John R. Egan		For	For		Mgmt
	6	Elect Director W. Paul Fitzgerald		For	For		Mgmt
	7	Elect Director Edmund F. Kelly		For	For		Mgmt
	8	Elect Director Windle B. Priem		For	For		Mgmt
	9	Elect Director Paul Sagan		For	For		Mgmt
	10	Elect Director David N. Strohm		For	For		Mgmt
	11	Elect Director Joseph M. Tucci		For	For		Mgmt
	12	Ratify Auditors		For	For		Mgmt
	13	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	14	Permit Right to Call Special Meeting		For	For		Mgmt
		Currently 85%; will change to 40% for special
		meeting; currently written consent requires 100%.
	15	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of exec comp
		disclosed in proxy.
Mgmt Rec - Company Management Recommended Vote								Page 60

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/16/09 - A	Emcor Group, Inc. *EME*		29084Q100			04/20/09		791
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/28/09 - A	Encore Acquisition Company		29255W100			03/11/09		684
	*EAC*
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director I. Jon Brumley ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.2	Elect Director Jon S. Brumley ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.3	Elect Director John A. Bailey ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.4	Elect Director Martin C. Bowen ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.5	Elect Director Ted Collins, Jr. ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.6	Elect Director Ted A. Gardner ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.7	Elect Director John V. Genova ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.8	Elect Director James A. Winne III ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	2	Ratify Auditors		For	For		Mgmt
04/29/09 -	ENEL SpA		T3679P115			None		6,681
A/S
		Ordinary Business
Mgmt Rec - Company Management Recommended Vote								Page 61

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1	Accept Financial Statements,		For	For		Mgmt
		Consolidated Financial Statements,
		and Statutory Reports
	2	Approve Allocation of Income		For	For		Mgmt
		Special Business
	1	Approve Capital Increase In The		For	For		Mgmt
		Maximum Amount of EUR 8 Billion With
		Preemptive Rights
04/30/09 - A	Eni Spa		T3643A145			None		2,914
		Ordinary Business
	1	Accept Financial Statements,		For	For		Mgmt
		Consolidated Financial Statements,
		and Statutory Reports
	2	Approve Allocation of Income		For	For		Mgmt
05/13/09 - A	Entertainment Properties		29380T105			02/18/09		38
	Trust *EPR*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 5.18% is within allowable cap of
		5.48%.
	3	Ratify Auditors		For	For		Mgmt
06/09/09 - A	Equinix, Inc. *EQIX*		29444U502			04/20/09		398
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Equity One, Inc. *EQY*		294752100			03/16/09		1,023
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Noam Ben-Ozer --- For
	1.2	Elect Director James S. Cassel --- For
	1.3	Elect Director Cynthia R. Cohen --- For
	1.4	Elect Director Neil Flanzraich ---
		Withhold
		Sits on 6 boards.
	1.5	Elect Director Nathan Hetz --- For
	1.6	Elect Director Chaim Katzman --- For
	1.7	Elect Director Peter Linneman --- For
	1.8	Elect Director Jeffrey S. Olson --- For
	1.9	Elect Director Dori Segal --- For
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 62

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/26/09 - A	ev3, Inc. *EVVV*		26928A200			03/30/09		1,150
	1	Elect Director Jeffrey B. Child		For	Against		Mgmt
		Tax gross-ups on change-in-control agreement.
	2	Elect Director John L. Miclot		For	For		Mgmt
	3	Elect Director Thomas E. Timbie		For	Against		Mgmt
		Tax gross-ups on change-in-control agreement.
	4	Ratify Auditors		For	For		Mgmt
04/28/09 - A	Exelon Corporation *EXC*		30161N101			03/02/09		1,073
	1	Elect Directors		For	For		Mgmt
	2	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	3	Ratify Auditors		For	For		Mgmt
	4	Report on Global Warming		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence of non-
		compliance with current law or that proposal would
		results in inmproved shareholder returns.
04/30/09 - A	Exterran Holdings, Inc. *EXH*		30225X103			03/05/09		855
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 7.85% exceeds allowable cap of
		7.31%.
05/27/09 - A	Exxon Mobil Corp. *XOM*		30231G102			04/06/09		10,858
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Provide for Cumulative Voting		Against	Against		ShrHoldr
	4	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
		Shareholders may not act by written consent
		Shareholders may not call special meetings
	5	Reincorporate in Another State [from		Against	Against		ShrHoldr
		New Jersey to North Dakota]
		Management responded meaningfully and can
		accomplish proponent’s goals without incurring
		expense of reincorporation.
	6	Require Independent Board Chairman		Against	Against		ShrHoldr
		Independent lead director in place.
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
Mgmt Rec - Company Management Recommended Vote								Page 63

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		compensation consistently supported by PPC.
	8	Compare CEO Compensation to		Against	Against		ShrHoldr
		Average U.S. per Capita Income
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	9	Review Anti-discrimination Policy on		Against	Against		ShrHoldr
		Corporate Sponsorships and Executive
		Perks
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	10	Amend EEO Policy to Prohibit		Against	Against		ShrHoldr
		Discrimination based on Sexual
		Orientation and Gender Identity
		Current policies appear to address the
		proposal's intent. Management responded
		meaningfully; no evidence of non-compliance with
		current law or that proposal will result in improved
		shareholder returns.
	11	Adopt Quantitative GHG Goals for		Against	Against		ShrHoldr
		Products and Operations
		Company appears to be addressing proponents
		issues though it may have different views on certain
		solutions. Management responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will result in improved shareholder returns.
	12	Report on Climate Change Impacts on		Against	Against		ShrHoldr
		Emerging Countries
		Restrictive to management; more effectively
		addressed by appropriate scientific disciplines and
		government agencies. Management responded
		meaningfully; no evidence of non-compliance with
		current law or that proposal will result in improved
		shareholder returns.
	13	Adopt Policy to Increase Renewable		Against	Against		ShrHoldr
		Energy
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/21/09 - A	Fifth Third Bancorp *FITB*		316773100			02/27/09		4,215
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Darryl F. Allen --- For
	1.2	Elect Director John F. Barrett --- For
Mgmt Rec - Company Management Recommended Vote								Page 64

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.3	Elect Director Ulysses L. Bridgeman,
		Jr. --- For
	1.4	Elect Director James P. Hackett --- For
	1.5	Elect Director Gary R. Heminger ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.6	Elect Director Kevin T. Kabat --- For
	1.7	Elect Director Mitchel D. Livingston ---
		For
	1.8	Elect Director Hendrik G. Meijer ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.9	Elect Director John J. Schiff, Jr. --- For
	1.10	Elect Director Dudley S. Taft --- For
	1.11	Elect Director Thomas W. Traylor ---
		For
	1.12	Elect Director Marsha C. Williams ---
		For
	2	Amend Articles of Incorporation		For	Against		Mgmt
		Blank check preferred without clear business need.
	3	Amend Nonqualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
	5	Advisory Vote on Executive		For	Against		Mgmt
		Compensation
		Pay/performance disconnect and poor pay practices.
	6	Prepare Sustainability Report		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in imprved shareholder returns.
	7	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
	8	Hire Advisor/Maximize Shareholder		Against	Against		ShrHoldr
		Value
		Management has taken appropriate steps in current
		market; merger activity is limited and best price may
		not be readily obtainable.
05/01/09 - A	FLIR Systems, Inc. *FLIR*		302445101			02/27/09		1,201
	1	Elect Directors		For	For		Mgmt
	2	Approve Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
		All employees can purchase shares at 85% of F.M.V.
Mgmt Rec - Company Management Recommended Vote								Page 65

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Ratify Auditors		For	For		Mgmt
06/11/09 - A	Flotek Industries, Inc *FTK*		343389102			04/20/09		1,303
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/05/09 - A	Flowers Foods, Inc. *FLO*		343498101			04/03/09		1,086
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Joe E. Beverly ---
		Withhold
		Failure to remove dead hand/slow hand provision
		from poison pill.
	1.2	Elect Director Amos R. McMullian ---
		Withhold
		Failure to remove dead hand/slow hand provision
		from poison pill.
	1.3	Elect Director J.V. Shields, Jr. ---
		Withhold
		Failure to remove dead hand/slow hand provision
		from poison pill.
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Ratify Auditors		For	For		Mgmt
04/08/09 - S	Fortis SA/NV		B4399L102			None		3,742
		Special Meeting (Utrecht, the
		Netherlands)
	1	Open Meeting		None	None		Mgmt
	2	Withdrawn Item: Approve the Proposed		None	None		Mgmt
		Transactions Between Fortis SA/NV,
		BNP Paribas S.A., the Belgian State,
		and Related Parties, as Laid Down in
		the Shareholder Circular
	3	Elect Directors		None	None		Mgmt
	4.1.	Amend Articles Re: Change of		For	For		Mgmt
		Company's Registered Seat to Utrecht,
		Decrease of Registered Capital and
		Deletion of References to Preference
		Shares, Reduction of Maximum
		Number of Directors to 11 and
		Introduction of Limited Indemnification
		for Directors
	4.2.	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
	5	Close Meeting		None	None		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 66

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/09/09 - S	Fortis SA/NV		B4399L102			None		3,742
		Special Meeting (Brussels, Belgium)
	1	Open Meeting		None	None		Mgmt
	2	Withdrawn Item: Approve the Proposed		None	None		Mgmt
		Transactions Between Fortis SA/NV,
		BNP Paribas S.A., the Belgian State,
		and Related Parties, as Laid Down in
		the Shareholder Circular
	3	Elect Directors		None	None		Mgmt
	4.1.	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	4.2.	Authorize Disposal of, Including		For	For		Mgmt
		Reissuance, of Repurchased Shares
	5.1.1	Approve Reduction in Share Capital to		For	For		Mgmt
		Set Off Losses for Fiscal Year 2008
	5.1.2	Approve Reduction in Share Capital,		For	For		Mgmt
		Book Corresponding Amount Under
		'Reserves Available for Distribution',
		and Amend Articles Accordingly
	5.2.1	Receive Special Board Report		None	None		Mgmt
	5.2.2	Authorize Issuance of Equity With or		For	For		Mgmt
		Without Preemptive Rights and Amend
		Articles Accordingly
	5.3	Amend Articles Re: Decrease		For	For		Mgmt
		Maximum Number of Directors
	6	Close Meeting		None	None		Mgmt
04/28/09 -	Fortis SA/NV		B4399L102			None		3,742
A/S
		Annual/Special Meeting of Fortis
		SA/NV
	1	Open Meeting		None	None		Mgmt
	2	Approve the Proposed Transactions		For	For		Mgmt
		Between Fortis SA/NV, BNP Paribas
		S.A., the Belgian State, and Related
		Parties, as Laid Down in the
		Shareholder Circular
	3.1.1	Receive Directors' Report (Non-Voting)		None	None		Mgmt
	3.1.2	Receive Consolidated Financial		None	None		Mgmt
		Statements and Statutory Reports
	3.1.3	Accept Financial Statements		For	For		Mgmt
	3.1.4	Approve Allocation of Income		For	For		Mgmt
	3.2	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	3.3.1	Approve Discharge of Directors		For	Against		Mgmt
		Given the vagueness of the remuneration policy,
		and, more even crucially, because of the defective
		communication of the company, there are serious
		concerns about actions of the board for the year
Mgmt Rec - Company Management Recommended Vote								Page 67

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		2008. Therefore, refusal to grant discharge to the
		board for the past fiscal year is warranted.
	3.3.2	Approve Discharge of Auditors		For	For		Mgmt
	4	Discussion on Company's Corporate		None	None		Mgmt
		Governance Structure
	5	Elect Directors		For	For		Mgmt
	6.1	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	6.2	Authorize Disposal of, Including		For	For		Mgmt
		Reissuance, of Repurchased Shares
	7.1.1	Approve Reduction in Share Capital to		For	For		Mgmt
		Set Off Losses for Fiscal Year 2008
	7.1.2	Approve Reduction in Share Capital,		For	For		Mgmt
		Book Corresponding Amount Under
		'Reserves Available for Distribution',
		and Amend Articles Accordingly
	7.2.1	Receive Special Board Report		None	None		Mgmt
	7.2.2	Authorize Issuance of Equity With or		For	For		Mgmt
		Without Preemptive Rights and Amend
		Articles Accordingly
	7.3	Fix Maximum Number of Directors at		For	For		Mgmt
		11
	8	Close Meeting		None	None		Mgmt
04/29/09 -	Fortis SA/NV		B4399L102			None		3,742
A/S
		Annual/Special Meeting of Fortis NV
	1	Open Meeting		None	None		Mgmt
	2	Approve the Proposed Transactions		For	For		Mgmt
		Between Fortis SA/NV, BNP Paribas
		S.A., the Belgian State, and Related
		Parties, as Laid Down in the
		Shareholder Circular
	3.1.1	Receive Directors' Report (Non-Voting)		None	None		Mgmt
	3.1.2	Receive Consolidated Financial		None	None		Mgmt
		Statements and Statutory Reports
	3.1.3	Accept Financial Statements		For	For		Mgmt
	3.2	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	3.3	Approve Discharge of Directors		For	Against		Mgmt
		Given the vagueness of the remuneration policy,
		and, more crucially even, because of the defective
		communication of the company, we consider there
		are serious concerns about actions of the board for
		the year 2008. Therefore, refusual to grant discharge
		to the board for the past fiscal year is warranted.
	4	Discussion on Company's Corporate		None	None		Mgmt
		Governance Structure
	5	Elect Directors		For	For		Mgmt
	6.1	Amend Articles Re: Amend Authorized		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 68

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Capital and Delete Preference Shares
	6.2	Amend Articles Re: Change of		For	For		Mgmt
		Company's Registered Seat to Utrecht
	6.3	Amend Articles Re: Body Authorized to		For	For		Mgmt
		Issue Shares Without Preemptive
		Rights
		General capital increases without preemptive rights
		should be no more than 20 percent of the existing
		outstanding share capital. Approval of this proposal
		would authorize the management board to issue
		shares equivalent to 24 percent of currently issued
		share capital without preemptive rights. Since the
		proposal exceeds guidelines, this proposal warrants
		a vote against.
	6.4	Fix Maximum Number of Directors at		For	For		Mgmt
		11
	6.5	Amend Articles Re: Introduction of		For	For		Mgmt
		Limited Indemnification for Directors
	6.6	Amend Articles Re: Annual General		For	For		Mgmt
		Meeting
	6.7	Authorize Coordination of Articles		For	For		Mgmt
	7	Close Meeting		None	None		Mgmt
05/20/09 - A	Fossil, Inc. *FOSL*		349882100			03/27/09		889
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/06/09 - A	Foster Wheeler AG *FWLT*		H27178104			03/09/09		1,635
		This is a duplicate meeting for
		ballots received via the Broadridge
		North American ballot distribution
		system
	1	ELECTION OF DIRECTOR: ROBERT		For	For		Mgmt
		C. FLEXON
	2	ELECTION OF DIRECTOR:		For	For		Mgmt
		MAUREEN B. TART-BEZER
	3	ELECTION OF DIRECTOR: JAMES D.		For	For		Mgmt
		WOODS
	4	RE-ELECTION OF		For	For		Mgmt
		PRICEWATERHOUSECOOPERS AG,
		SWITZERLAND, AS
		OUR INDEPENDENT AUDITOR (
		REVISIONSSTELLE ) FOR 2009
	5	RATIFICATION OF THE		For	For		Mgmt
		APPOINTMENT OF
		PRICEWATERHOUSECOOPERS LLP
		AS OUR INDEPENDENT
		REGISTERED PUBLIC ACCOUNTING
		FIRM FOR 2009 (CONSULTATIVE
Mgmt Rec - Company Management Recommended Vote								Page 69

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		VOTE)
	6	IN THE EVENT		For	Abstain		Mgmt
		COUNTERPROPOSALS,
		ALTERATIONS OR AMENDMENTS
		OF THE AGENDA ITEMS OR OTHER
		MATTERS ARE RAISED AT THE
		ANNUAL GENERAL MEETING, I
		INSTRUCT THE APPOINTED
		PROXIES TO VOTE AS FOLLOWS
05/26/09 -	France Telecom		F4113C103			05/21/09		1,662
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Discharge Directors
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.40 per Share
	4	Approve Auditors' Special Report		For	Against		Mgmt
		Regarding Related-Party Transactions
		Given the absence of full disclosure with regard to
		the performance criteria applying to Didier Lombard's
		bonus, it is not possible to consider the performance
		conditions attached to these severance payments
		sufficiently challenging. As a result, this item
		does not merit support.
	5	Renew Appointment of Ernst and		For	For		Mgmt
		Young Audit as Auditor
	6	Renew Appointment of Auditex as		For	For		Mgmt
		Alternate Auditor
	7	Renew Appointment of Deloitte and		For	For		Mgmt
		Associes as Auditor
	8	Renew Appointment of BEAS as		For	For		Mgmt
		Alternate Auditor
	9	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	10	Amend Article 13 of Bylaws Re:		For	For		Mgmt
		Shareholding Requirements for
		Directors
	11	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 2 Billion
	12	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights, with the Possibility Not to Offer
		them to the Public, up to Aggregate
		Nominal Amount of EUR 1.5 Billion
Mgmt Rec - Company Management Recommended Vote								Page 70

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	13	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	14	Authorize Capital Increase of Up to		For	For		Mgmt
		EUR 1.5 Billion for Future Exchange
		Offers
	15	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	16	Authorize Capital Increase of up to		For	For		Mgmt
		EUR 70 Million Reserved for Holders of
		Orange SA Stock Options or Shares in
		Connection with France Telecom
		Liquidity Agreement
	17	Authorize up to EUR 1 Million for		For	For		Mgmt
		Issuance of Free Option-Based
		Liquidity Instruments Reserved for
		Holders of Orange SA Stock Options
		Benefitting from a Liquidity Agreement
	18	Set Global Limit for Capital Increase to		For	For		Mgmt
		Result from All Issuance Requests at
		EUR 3.5 Billion
	19	Approve Issuance of Securities		For	For		Mgmt
		Convertible into Debt up to an
		Aggregate Amount of EUR 7 Billion
	20	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 2 Billion for Bonus Issue or
		Increase in Par Value
	21	Authorize up to 1 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock Plan
		The absence of information on forward-looking
		performance criteria and the volume in excess of
		recommended guidelines (5.23 percent) warrant
		opposition to this proposal.
	22	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	23	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	24	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
06/17/09 - A	Freds, Inc. *FRED*		356108100			05/01/09		2,151
	1	Elect Directors		For	Withhold		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
Mgmt Rec - Company Management Recommended Vote								Page 71

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/11/09 - A	Freeport-McMoRan Copper &		35671D857			04/14/09		862
	Gold Inc. *FCX*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Richard C. Adkerson ---
		For
	1.2	Elect Director Robert J. Allison, Jr. ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.3	Elect Director Robert A. Day --- For
	1.4	Elect Director Gerald J. Ford --- For
	1.5	Elect Director H. Devon Graham, Jr. ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.6	Elect Director J. Bennett Johnston ---
		For
	1.7	Elect Director Charles C. Krulak ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.8	Elect Director Bobby Lee Lackey ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.9	Elect Director Jon C. Madonna --- For
	1.10	Elect Director Dustan E. McCoy --- For
	1.11	Elect Director Gabrielle K. McDonald ---
		For
	1.12	Elect Director James R. Moffett --- For
	1.13	Elect Director B.M. Rankin, Jr. --- For
	1.14	Elect Director J. Stapleton Roy --- For
	1.15	Elect Director Stephen H. Siegele ---
		For
	1.16	Elect Director J. Taylor Wharton --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Request Director Nominee		Against	Against		ShrHoldr
		Environmental Qualifications
		Management responded meaningfully; not likely to
		accomplish proponent’s goals.
04/29/09 - A	Fresh Del Monte Produce Inc.		G36738105			02/27/09		679
	*FDP*
	1a	Elect Mohammad Abu-Ghazaleah as		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 72

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		director
	1b	Elect Hani El-Naffy as director		For	For		Mgmt
	1c	Elect John H. Dalton as director		For	For		Mgmt
	2	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports (Voting)
	3	Ratify Ernst & Young LLP as Auditors		For	For		Mgmt
06/03/09 - A	FTI Consulting, Inc. *FCN*		302941109			03/30/09		547
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 11.33% is within allowable cap of
		11.35%.
	3	Ratify Auditors		For	For		Mgmt
05/21/09 - A	Fuel Tech, Inc. *FTEK*		359523107			03/24/09		1,354
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/05/09 - A	Gamco Investors Inc *GBL*		361438104			03/31/09		354
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/06/09 - A	General Dynamics Corp.		369550108			03/09/09		779
	*GD*
	1	Elect Director Nicholas D. Chabraja		For	For		Mgmt
	2	Elect Director James S. Crown		For	For		Mgmt
	3	Elect Director William P. Fricks		For	For		Mgmt
	4	Elect Director Jay L. Johnson		For	For		Mgmt
	5	Elect Director George A. Joulwan		For	For		Mgmt
	6	Elect Director Paul G. Kaminski		For	For		Mgmt
	7	Elect Director John M. Keane		For	For		Mgmt
	8	Elect Director Deborah J. Lucas		For	For		Mgmt
	9	Elect Director Lester L. Lyles		For	For		Mgmt
	10	Elect Director J. Christopher Reyes		For	For		Mgmt
	11	Elect Director Robert Walmsley		For	For		Mgmt
	12	Approve Omnibus Stock Plan		For	For		Mgmt
	13	Approve Nonqualified Employee Stock		For	For		Mgmt
		Purchase Plan
		Plan for UK employees; intended to comply with UK
		law; 85% discount.
	14	Ratify Auditors		For	For		Mgmt
	15	Report on Space-based Weapons		Against	Against		ShrHoldr
		Program
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
Mgmt Rec - Company Management Recommended Vote								Page 73

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		will result in improved shareholder returns.
	16	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
		Overly restrictive and not the best way to accomplish
		proponents goals.
04/22/09 - A	General Electric Co. *GE*		369604103			02/23/09		18,447
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director James I. Cash, Jr. --- For
	1.2	Elect Director William M. Castell --- For
	1.3	Elect Director Ann M. Fudge --- For
	1.4	Elect Director Susan Hockfield --- For
	1.5	Elect Director Jeffrey R. Immelt --- For
	1.6	Elect Director Andrea Jung --- For
	1.7	Elect Director Alan G. (A.G.) Lafley ---
		For
		75% attendance one year (PPC guideline is withhold
		75% two years).
	1.8	Elect Director Robert W. Lane --- For
	1.9	Elect Director Ralph S. Larsen --- For
	1.10	Elect Director Rochelle B. Lazarus ---
		For
	1.11	Elect Director James J. Mulva --- For
	1.12	Elect Director Sam Nunn --- For
	1.13	Elect Director Roger S. Penske --- For
	1.14	Elect Director Robert J. Swieringa ---
		For
	1.15	Elect Director Douglas A. Warner III ---
		For
	2	Ratify Auditors		For	For		Mgmt
	3	Provide for Cumulative Voting		Against	Against		ShrHoldr
	4	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Same language as other proposals approved by
		PPC.
	5	Evaluate the Potential Conversion of		Against	Against		ShrHoldr
		the Corporation's Business Units into
		Four or More Public Corporations and
		Distribute New Shares
		No clear evidence that prposal will improve
		shareholder returns or improve stragetic oversight
		and management planning already in place.
	6	Adopt Policy to Cease the Payments of		Against	Against		ShrHoldr
		Dividends or Equivalent Payments to
Mgmt Rec - Company Management Recommended Vote								Page 74

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Senior Executives for Shares Not
		Owned
		Dividends are deemed earned prior to share payout.
	7	Submit Severance Agreement (Change		Against	Against		ShrHoldr
		in Control) to shareholder Vote
05/20/09 - A	GlaxoSmithKline plc		G3910J112			None		5,395
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Elect James Murdoch as Director		For	For		Mgmt
	4	Re-elect Larry Culp as Director		For	For		Mgmt
	5	Re-elect Sir Crispin Davis as Director		For	For		Mgmt
	6	Re-elect Dr Moncef Slaoui as Director		For	For		Mgmt
	7	Re-elect Tom de Swaan as Director		For	For		Mgmt
	8	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	9	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	10	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Organisations
		Other than Political Parties up to GBP
		50,000 and to Incur EU Political
		Expenditure up to GBP 50,000
	11	Authorise Issue of Equity with Pre-		For	For		Mgmt
		emptive Rights Under a General
		Authority up to GBP 432,359,137 and
		an Additional Amount Pursuant to a
		Rights Issue of up to GBP 864,692,333
		After Deducting Any Securities Issued
		Under the General Authority
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 64,854,519
	13	Authorise 518,836,153 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	14	Approve the Exemption from Statement		For	For		Mgmt
		of the Name of the Senior Statutory
		Auditor in Published Copies of the
		Auditor's Reports
	15	Approve That a General Meeting of the		For	For		Mgmt
		Company Other Than an Annual
		General Meeting May Be Called on Not
		Less Than 14 Clear Days' Notice
	16	Approve GlaxoSmithKline 2009		For	For		Mgmt
		Performance Share Plan
	17	Approve GlaxoSmithKline 2009 Share		For	For		Mgmt
		Option Plan
Mgmt Rec - Company Management Recommended Vote								Page 75

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	18	Approve GlaxoSmithKline 2009		For	For		Mgmt
		Deferred Annual Bonus Plan
05/07/09 - A	Google Inc *GOOG*		38259P508			03/10/09		658
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Eric Schmidt --- Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.2	Elect Director Sergey Brin --- Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.3	Elect Director Larry Page --- Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.4	Elect Director L. John Doerr ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.5	Elect Director John L. Hennessy ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.6	Elect Director Arthur D. Levinson ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.7	Elect Director Ann Mather --- Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.8	Elect Director Paul S. Otellini ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.9	Elect Director K. Ram Shriram ---
		Withhold
		Implemented options exchange without shareholder
Mgmt Rec - Company Management Recommended Vote								Page 76

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.10	Elect Director Shirley M. Tilghman ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
	4	Report on Political Contributions		For	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	5	Adopt Policies to Protect Freedom of		Against	Against		ShrHoldr
		Access to the Internet
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	6	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/22/09 - A	Greenhill & Co., Inc. *GHL*		395259104			03/03/09		257
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Robert F. Greenhill ---
		For
	1.2	Elect Director Scott L. Bok --- For
	1.3	Elect Director Simon A. Borrows --- For
	1.4	Elect Director John C. Danforth --- For
	1.5	Elect Director Steven F. Goldstone ---
		For
	1.6	Elect Director Stephen L. Key --- For
	1.7	Elect Director Robert T. Blakely --- For
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 77

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/02/09 - A	H & E EQUIPMENT		404030108			04/09/09		2,059
	SERVICES INC *HEES*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/04/09 - A	H & M Hennes & Mauritz		W41422101			04/27/09		405
	1	Open Meeting		None	None		Mgmt
	2	Elect Sven Unger as Chairman of		For	For		Mgmt
		Meeting
	3	Receive President's Report; Allow for		None	None		Mgmt
		Questions
	4	Prepare and Approve List of		For	For		Mgmt
		Shareholders
	5	Approve Agenda of Meeting		For	For		Mgmt
	6	Designate Inspector(s) of Minutes of		For	For		Mgmt
		Meeting
	7	Acknowledge Proper Convening of		For	For		Mgmt
		Meeting
	8a	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports; Receive Information
		About Remuneration Guidelines
	8b	Receive Auditor's and Auditing		None	None		Mgmt
		Committee's Reports
	8c	Receive Chairman's Report About		None	None		Mgmt
		Board Work
	8d	Receive Report of the Chairman of the		None	None		Mgmt
		Nominating Committee
	9a	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	9b	Approve Allocation of Income and		For	For		Mgmt
		Dividends of SEK 15.50 per Share
	9c	Approve Discharge of Board and		For	For		Mgmt
		President
	10	Determine Number of Members (7) and		For	For		Mgmt
		Deputy Members (0) of Board
	11	Approve Remuneration of Directors in		For	For		Mgmt
		the Amount of SEK 1.4 Million to the
		Chairman and 375,000 to Other
		Directors; Approve Remuneration to
		Committee Members; Approve
		Remuneration of Auditors
	12	Reelect Mia Livfors, Lottie Knutson,		For	Against		Mgmt
		Sussi Kvart, Bo Lundquist, Stig
		Nordfelt, Stefan Persson (Chair), and
		Melker Schoerling as Directors
		Because the overall  independence of the
		shareholder-elected board members is below the 50-
		percent threshold for MSCI EAFE companies, this
		proposal does not merit support.
Mgmt Rec - Company Management Recommended Vote								Page 78

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	13	Ratify Ernst & Young as Auditor for a		For	For		Mgmt
		Four Year Period
	14	Elect Stefan Persson, Lottie Tham,		For	For		Mgmt
		Staffan Grefbaeck, Jan Andersson, and
		Peter Lindell as Members of
		Nominating Committee
	15	Approve Remuneration Policy And		For	For		Mgmt
		Other Terms of Employment For
		Executive Management
	16	Close Meeting		None	None		Mgmt
04/16/09 - A	H.B. Fuller Co. *FUL*		359694106			02/18/09		175
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Non-Employee Director		For	Against		Mgmt
		Omnibus Stock Plan
		Plan's cost of 11.76% exceeds allowable cap of
		8.48%.
05/07/09 - A	Halozyme Therapeutics, Inc.		40637H109			04/01/09		3,021
	*HALO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Hercules Offshore, Inc.		427093109			02/27/09		1,212
	*HERO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Highwoods Properties, Inc.		431284108			03/02/09		744
	*HIW*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 4.94% is within allowable cap of
		5.00%.
05/28/09 - A	Home Depot, Inc. *HD*		437076102			03/30/09		3,323
	1	Elect Director F. Duane Ackerman		For	For		Mgmt
	2	Elect Director David H. Batchelder		For	For		Mgmt
	3	Elect Director Francis S. Blake		For	For		Mgmt
	4	Elect Director Ari Bousbib		For	For		Mgmt
	5	Elect Director Gregory D. Brenneman		For	For		Mgmt
	6	Elect Director Albert P. Carey		For	For		Mgmt
	7	Elect Director Armando Codina		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 79

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Elect Director Bonnie G. Hill		For	For		Mgmt
	9	Elect Director Karen L. Katen		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Approve Right to Call Special Meetings		For	For		Mgmt
		Shareholders may not act by written consent
		Shareholders may not call special meetings
	12	Provide for Cumulative Voting		Against	Against		ShrHoldr
	13	Call Special Meetings		Against	Against		ShrHoldr
		Not necessary; already in place (see management
		proposal item 11 - to approve amendment already in
		place - 25% right to call special meeting).
	14	Prepare Employment Diversity Report		Against	Against		ShrHoldr
		Management responded meaningfully, has
		appropriate policies in place and has dealt with past
		allegations within the existing legal and regulatory
		structure.
	15	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
	16	Assess Energy Use and Establish		Against	Against		ShrHoldr
		Reduction Targets
		Management responded meaningfully; overly
		restrictive and not likely to accomplish
		proponent’s goals.
06/23/09 - A	Honda Motor Co. Ltd. *7267*		J22302111			03/31/09		1,505
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 8
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
	4	Appoint Statutory Auditor		For	For		Mgmt
	5	Approve Annual Bonus Payment to		For	For		Mgmt
		Directors and Statutory Auditors
05/22/09 - A	HSBC Holdings plc		G4634U169			None		13,318
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
		Vote Recommendation On balance, the
		Company's remuneration practices comply with its
		strategy and follow good practice guidelines, with the
		exception of the contractual entitlement of average
		bonus upon engagement under two Executive
		Directors’ service contracts. However,
Mgmt Rec - Company Management Recommended Vote								Page 80

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		whereas this issue is highlighted on this occasion,
		retention of this feature may result in an unfavourable
		vote recommendation on the remuneration report in
		future years. Mitigating, it is noted that the
		provision for average bonus will no longer be an
		issue for Stephen Green in the future as he is no
		longer eligible to receive annual bonus payments and
		therefore any average bonus receivable under the
		termination arrangements would be zero, assuming
		his remaining on the Board for at least two more
		years. Nevertheless, the issue remains for Michael
		Geoghegan who, although having received no bonus
		for 2008, will be eligible for annual bonus payments
		going forward At this time, shareholders are
		recommended to support this item. [VOTE
		RECOMMENDATION: CONTENTIOUS FOR]
	3a	Re-elect Safra Catz as Director		For	For		Mgmt
	3b	Re-elect Vincent Cheng as Director		For	For		Mgmt
	3c	Elect Marvin Cheung as Director		For	For		Mgmt
	3d	Re-elect John Coombe as Director		For	For		Mgmt
	3e	Re-elect Jose Duran as Director		For	For		Mgmt
	3f	Re-elect Rona Fairhead as Director		For	For		Mgmt
	3g	Re-elect Douglas Flint as Director		For	For		Mgmt
	3h	Re-elect Alexander Flockhart as		For	For		Mgmt
		Director
	3i	Re-elect Lun Fung as Director		For	For		Mgmt
	3j	Re-elect Michael Geoghegan as		For	For		Mgmt
		Director
	3k	Re-elect Stephen Green as Director		For	For		Mgmt
	3l	Re-elect Stuart Gulliver as Director		For	For		Mgmt
	3m	Re-elect James Hughes-Hallett as		For	For		Mgmt
		Director
	3n	Re-elect William Laidlaw as Director		For	For		Mgmt
	3o	Elect Rachel Lomax as Director		For	For		Mgmt
	3p	Re-elect Sir Mark Moody-Stuart as		For	For		Mgmt
		Director
	3q	Re-elect Gwyn Morgan as Director		For	For		Mgmt
	3r	Re-elect Nagavara Murthy as Director		For	For		Mgmt
	3s	Re-elect Simon Robertson as Director		For	For		Mgmt
	3t	Elect John Thornton as Director		For	For		Mgmt
	3u	Re-elect Sir Brian Williamson as		For	For		Mgmt
		Director
	4	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		and Authorise the Group Audit
		Committee to Determine Their
		Remuneration
	5	Auth. Issuance of Non-Cumulative Pref.		For	For		Mgmt
		Shares with Pre-emptive Rights up to
		Aggregate Nominal Amount of GBP
		100,000, EUR 100,000 and USD
		85,500; and Auth. Issuance of Ord.
Mgmt Rec - Company Management Recommended Vote								Page 81

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Shares with Pre-emptive Rights up to
		Aggregate Nominal Amount of USD
		1,720,481,200
	6	Subject to the Passing of Resolution 5,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 430,120,300
	7	Authorise 1,720,481,200 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	8	Adopt New Articles of Association		For	For		Mgmt
	9	Approve General Meetings Other Than		For	For		Mgmt
		an Annual General Meetings to be
		Called on 14 Clear Days' Notice
04/23/09 - A	Humana Inc. *HUM*		444859102			02/23/09		1,660
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/14/09 - A	IHS INC. *IHS*		451734107			03/13/09		756
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/08/09 - A	Illinois Tool Works Inc. *ITW*		452308109			03/10/09		1,040
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Submit SERP to Shareholder Vote		Against	For		ShrHoldr
		Non-binding; submit to shareholder vote if additing
		years age/service to SERP.
05/08/09 - A	Illumina, Inc. *ILMN*		452327109			03/16/09		696
	1	Elect Director A. Blaine Bowman		For	For		Mgmt
	2	Elect Director Karin Eastham		For	For		Mgmt
	3	Elect Director Jay T. Flatley		For	For		Mgmt
	4	Elect Director William H. Rastetter,		For	For		Mgmt
		Ph.D.
	5	Ratify Auditors		For	For		Mgmt
04/27/09 - A	ING Groep NV		N4578E413			03/30/09		2,146
		Annual Meeting
	1	Open Meeting and Receive		None	None		Mgmt
		Announcements
	2a	Receive Report of Management Board		None	None		Mgmt
		(Non-Voting)
	2b	Receive Report of Supervisory Board		None	None		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 82

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		(Non-Voting)
	2c	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	3a	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	3b	Approve Dividends of EUR 0.74 Per		For	For		Mgmt
		Share
	4	Discuss Remuneration Report		None	None		Mgmt
	5	Discussion on Company's Corporate		None	None		Mgmt
		Governance Structure
	6	Receive Explanation on Company's		None	None		Mgmt
		Corporate Responsibility Performance
	7a	Approve Discharge of Management		For	For		Mgmt
		Board
	7b	Approve Discharge of Supervisory		For	For		Mgmt
		Board
	8a	Elect Jan Hommen to Executive Board		For	For		Mgmt
	8b	Elect Patrick Flynn		For	For		Mgmt
	9a	Reelect Godfried van der Lugt to		For	For		Mgmt
		Supervisory Board
	9b	Elect Tineke Bahlmann to Supervisory		For	For		Mgmt
		Board
	9c	Elect Jeroen van der Veer to		For	For		Mgmt
		Supervisory Board
	9d	Elect Lodewijk de Waal to Supervisory		For	For		Mgmt
		Board
	10	Grant Board Authority to Issue Shares		For	For		Mgmt
		and Restricting/Excluding Preemptive
		Rights
	11	Authorize Repurchase of Shares		For	For		Mgmt
	12	Any Other Businesss and Close		None	None		Mgmt
		Meeting
06/03/09 - A	Ingersoll-Rand PLC *IR*		G4776G101			04/06/09		2,591
	1a	Elect A.C. Berzin as Director		For	For		Mgmt
	1b	Elect J. L. Cohon as Director		For	For		Mgmt
	1c	Elect G. D. Forsee as Director		For	For		Mgmt
	1d	Elect P. C. Godsoe as Director		For	For		Mgmt
	1e	Elect E. E. Hagenlocker as Director		For	For		Mgmt
	1f	Elect H.L. Henkel as Director		For	For		Mgmt
	1g	Elect C. J. Horner as Director		For	For		Mgmt
	1h	Elect T. E. Martin as Director		For	For		Mgmt
	1i	Elect P. Nachtigal as Director		For	For		Mgmt
	1j	Elect O. R. Smith as Director		For	For		Mgmt
	1k	Elect R. J. Swift as Director		For	For		Mgmt
	1l	Elect T. L. White as Director		For	For		Mgmt
	2	Approve an Advisory Proposal Relating		For	For		Mgmt
		to Executive Pay-For-Performance
		Compensation Policies and Procedures
	3	Increase Number of Shares Reserved		For	For		Mgmt
		Under 2007 Incentive Stock Plan
Mgmt Rec - Company Management Recommended Vote								Page 83

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Approve PricewaterhouseCoopers LLP		For	For		Mgmt
		as independent auditors of the
		company and authorize Board to Fix
		Their Remuneration
06/03/09 - C	Ingersoll-Rand PLC *IR*		G4776G101			04/06/09		2,591
	1	Approve Scheme of Arrangement		For	For		Mgmt
	2	Approve the Creation of Distributable		For	For		Mgmt
		Reserves of Ingersoll-Rand Company
		Limited
	3	Adjourn Meeting		For	For		Mgmt
04/22/09 - A	Insituform Technologies, Inc. 457667103					02/27/09		1,449
	*INSU*
	1	Elect Director J. Joseph Burgess		For	For		Mgmt
	2	Elect Director Stephen P. Cortinovis		For	For		Mgmt
	3	Elect Director Stephanie A. Cuskley		For	For		Mgmt
	4	Elect Director John P. Dubinsky		For	For		Mgmt
	5	Elect Director Juanita H. Hinshaw		For	For		Mgmt
	6	Elect Director Alfred L. Woods		For	For		Mgmt
	7	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 8.63% is within allowable cap of
		8.63%.
	8	Ratify Auditors		For	For		Mgmt
04/30/09 - A	Insulet Corp *PODD*		45784P101			03/20/09		1,531
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Ross Jaffe --- Withhold
		Failure to submit poison pill to shareholder vote.
	1.2	Elect Director Charles Liamos ---
		Withhold
		Failure to submit poison pill to shareholder vote.
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	Intel Corporation *INTC*		458140100			03/23/09		11,230
	1	Elect Director Charlene Barshefsky		For	For		Mgmt
	2	Elect Director Susan L. Decker		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 84

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Elect Director John J. Donahoe		For	For		Mgmt
	4	Elect Director Reed E. Hundt		For	For		Mgmt
	5	Elect Director Paul S. Otellini		For	For		Mgmt
	6	Elect Director James D. Plummer		For	For		Mgmt
	7	Elect Director David S. Pottruck		For	For		Mgmt
	8	Elect Director Jane E. Shaw		For	For		Mgmt
	9	Elect Director John L. Thornton		For	For		Mgmt
	10	Elect Director Frank D. Yeary		For	For		Mgmt
	11	Elect Director David B. Yoffie		For	For		Mgmt
	12	Ratify Auditors		For	For		Mgmt
	13	Amend Omnibus Stock Plan		For	For		Mgmt
	14	Approve Stock Option Exchange		For	For		Mgmt
		Program
		Value-for-value, excludes executives and directors,
		reducines 15.3% overhand, no accounting expense
		impact, no recycling of surrendered options, incresed
		share alloation is within cap.
	15	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	16	Provide for Cumulative Voting		Against	Against		ShrHoldr
	17	Adopt Policy on Human Rights to Water		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/21/09 - A	Interactive Brokers Group		45841N107			02/24/09		399
	Inc. *IBKR*
	1	Elect Director Thomas Peterffy		For	For		Mgmt
	2	Elect Director Earl H. Nemser		For	For		Mgmt
	3	Elect Director Paul J. Brody		For	For		Mgmt
	4	Elect Director Milan Galik		For	For		Mgmt
	5	Elect Director Lawrence E. Harris		For	For		Mgmt
	6	Elect Director Hans R. Stoll		For	For		Mgmt
	7	Elect Director Ivers W. Riley		For	For		Mgmt
	8	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 85

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/18/09 - A	International Bancshares		459044103			04/01/09		915
	Corp. *IBOC*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnece or poor pay practices.
04/28/09 - A	International Business		459200101			02/27/09		2,417
	Machines Corp. *IBM*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director A. J. P. Belda --- For
	1.2	Elect Director C. Black --- For
	1.3	Elect Director W. R. Brody --- For
	1.4	Elect Director K. I. Chenault --- For
	1.5	Elect Director M. L. Eskew --- For
	1.6	Elect Director S. A. Jackson --- Against
		Sits on six public company boards and multiple large
		private institutional boards.
	1.7	Elect Director T. Nishimuro --- For
	1.8	Elect Director J. W. Owens --- For
	1.9	Elect Director S. J. Palmisano --- For
	1.10	Elect Director J. E. Spero --- For
	1.11	Elect Director S. Taurel --- For
	1.12	Elect Director L. H. Zambrano --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Provide for Cumulative Voting		Against	Against		ShrHoldr
	5	Review Executive Compensation		Against	For		ShrHoldr
		Excludes defined benefit pension plan income from
		senior-executive compensation.
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior proposals supported by PPC.
04/30/09 -	Intesa SanPaolo SPA		T55067101			04/24/09		8,746
A/S
		Ordinary Business
	1	Approve Allocation of Income		For	For		Mgmt
	2	Integrate Remuneration of External		For	For		Mgmt
		Auditors
		Special Business
Mgmt Rec - Company Management Recommended Vote								Page 86

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1	Amend Company Bylaws to Comply		For	For		Mgmt
		with Bank of Italy's Regulation
06/18/09 - A	Inverness Medical		46126P106			04/27/09		879
	Innovations Inc *IMA*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 8.02% is within allowable cap of
		11.28%.
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
		All employees who work more than 20 hours a week
		and have been employed for at least three months
		can purchase shares at 85% of F.M.V.
	4	Ratify Auditors		For	For		Mgmt
05/20/09 - A	ITC Holdings Corp *ITC*		465685105			04/06/09		554
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/05/09 - A	Itron, Inc. *ITRI*		465741106			02/27/09		368
	1	Elect Director Michael B. Bracy		For	For		Mgmt
	2	Elect Director Kirby A. Dyess		For	For		Mgmt
	3	Elect Director Graham M. Wilson		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
05/28/09 - A	IXIA *XXIA*		45071R109			04/03/09		3,700
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 19.95% exceeds allowable cap of
		15.89%.
	3	Ratify Auditors		For	For		Mgmt
06/04/09 - A	J.Crew Group, Inc. *JCG*		46612H402			04/07/09		779
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Johnson & Johnson *JNJ*		478160104			02/24/09		5,169
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consisent with prior proposals supported by PPC.
Mgmt Rec - Company Management Recommended Vote								Page 87

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/19/09 - A	JPMorgan Chase & Co.		46625H100			03/20/09		6,006
	*JPM*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	4	Disclose Prior Government Service		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	5	Provide for Cumulative Voting		Against	Against		ShrHoldr
	6	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholder currently hhave right to call special
		meeting (33.3%).
	7	Report on Predatory Lending Policies		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	8	Amend Key Executive Performance		Against	Against		ShrHoldr
		Plan
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	9	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	10	Prepare Carbon Principles Report		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
05/13/09 - A	Knight Capital Group, Inc.		499005106			04/01/09		1,412
	*NITE*
	1	Elect Director William L. Bolster		For	For		Mgmt
	2	Elect Director Gary R. Griffith		For	For		Mgmt
	3	Elect Director Thomas M. Joyce		For	For		Mgmt
	4	Elect Director James W. Lewis		For	For		Mgmt
	5	Elect Director Thomas C. Lockburner		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 88

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6	Elect Director James T. Milde		For	For		Mgmt
	7	Elect Director Christopher C. Quick		For	For		Mgmt
	8	Elect Director Laurie M. Shahon		For	For		Mgmt
	9	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
		All named executive officers will receive cash and/or
		stock, including but not limited to unrestricted shares
		of common stock, restricted shares, or RSUs.
	10	Ratify Auditors		For	For		Mgmt
06/24/09 - A	Komatsu Ltd. *6301*		J35759125			03/31/09		900
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 18
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Indemnify
		Directors and Statutory Auditors
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Statutory Auditor		For	For		Mgmt
	4.2	Appoint Statutory Auditor		For	Against		Mgmt
		Given that he receives income under a current
		contract with the statutory auditor board, Matsuo
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	5	Approve Annual Bonus Payment to		For	For		Mgmt
		Directors
	6	Approve Stock Option Plan		For	For		Mgmt
04/07/09 - A	Koninklijke KPN N.V.		N4297B146			03/16/09		2,235
		Annual Meeting
	1	Open Meeting and Announcements		None	None		Mgmt
	2	Receive Report of Management Board		None	None		Mgmt
		(Non-Voting)
	3	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	4	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	5	Approve Dividends of EUR 0.40 Per		For	For		Mgmt
		Share
	6	Approve Discharge of Management		For	For		Mgmt
		Board
	7	Approve Discharge of Supervisory		For	Against		Mgmt
		Board
		Given the supervisory board's decision not to submit
		several material changes in the compensation to a
		shareholder vote, which violates best practice
		standards in the Netherlands, a vote against the
Mgmt Rec - Company Management Recommended Vote								Page 89

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		discharge of the supervisory board is appropriate.
	8	Ratify PricewaterhouseCoopers		For	For		Mgmt
		Accountants as Auditors
	9	Opportunity to Nominate Supervisory		None	None		Mgmt
		Board Members
	10	Elect A.H.J. Risseeuw to Supervisory		For	For		Mgmt
		Board
	11	Elect M.E. van Lier Lels to Supervisory		For	For		Mgmt
		Board
	12	Elect R.J. Routs to Supervisory Board		For	For		Mgmt
	13	Elect D.J. Haank to Supervisory Board		For	For		Mgmt
	14	Announce Vacancies on Supervisory		None	None		Mgmt
		Board Arising in 2010
	15	Authorize Repurchase of Shares		For	For		Mgmt
	16	Approve Reduction in Issued Share		For	For		Mgmt
		Capital by Cancellation of Shares
	17	Allow Questions and Close Meeting		None	None		Mgmt
05/20/09 - A	Kraft Foods Inc *KFT*		50075N104			03/12/09		2,858
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Currently have shareholder with to call special
		meeting (20%).
05/07/09 -	L air Liquide		F01764103			05/04/09		257
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 2.25 per Share
	4	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	5	Reelect Thierry Desmarest as Director		For	Against		Mgmt
		As a result of Thierry Desmarest's executive function
		with Total and his excessive number of other
		directorships, his reelection does not merit support.
	6	Reelect Alain Joly as Director		For	For		Mgmt
	7	Reelect Thierry Peugeot as Director		For	For		Mgmt
	8	Approve Transaction with BNP Paribas		For	For		Mgmt
	9	Approve Transaction with Benoit Potier		For	Against		Mgmt
		As the conditions attached to this transaction are not
		sufficiently stringent, and as the beneficiary could
Mgmt Rec - Company Management Recommended Vote								Page 90

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		receive more than twice the last remuneration paid,
		this resolution does not merit support.
	10	Approve Transaction with Klaus		For	Against		Mgmt
		Schmieder
		As the conditions attached are not sufficiently
		stringent, this resolution does not merit support.
	11	Approve Transaction with Pierre Dufour		For	Against		Mgmt
		As the conditions attached are not sufficiently
		stringent, this resolution does not merit support.
		Special Business
	12	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	13	Authorize Board to Issue Free Warrants		For	Against		Mgmt
		with Preemptive Rights During a Public
		Tender Offer or Share Exchange
		The maximum capital increase (50 percent of issued
		capital) exceeds the threshold of 25 percent and the
		company did not provide a shareholder-friendly
		provision that automatically cancels issued warrants
		when the shareholders have tendered the majority of
		the shares composing the company share capital
		neither the company commits to calling an EGM
		allowing shareholders to vote on a potential takeover
		(a majority of shareholders can rescind the
		authorization). As antitakeover mechanisms limit
		shareholder value by eliminating the takeover or
		control premium for the company; shareholders
		should be given the opportunity to decide on the
		merits of takeover offers. Therefore, this item
		does not merit approval.
	14	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 350 Million
	15	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	16	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	17	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for International Employees
		Ordinary Business
	18	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/19/09 - A	LaBranche & Co Inc. *LAB*		505447102			03/20/09		3,263
	1	Elect Directors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 91

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Ratify Auditors		For	For		Mgmt
06/10/09 - A	Las Vegas Sands Corp *LVS*		517834107			04/13/09		955
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Prepare Sustainability Report		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
05/21/09 - A	Lear Corporation *LEARQ*		521865105			03/27/09		705
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director David E. Fry --- Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision); failure to act on majority supported
		shareholder proposal (reduce supermajority vote
		requirements).
	1.2	Elect Director Conrad L. Mallett, Jr. ---
		Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision); failure to act on majority supported
		shareholder proposal (reduce supermajority vote
		requirements).
	1.3	Elect Director Robert E. Rossiter ---
		Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision); failure to act on majority supported
		shareholder proposal (reduce supermajority vote
		requirements).
	1.4	Elect Director David P. Spalding ---
		Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision); failure to act on majority supported
		shareholder proposal (reduce supermajority vote
		requirements).
	1.5	Elect Director James A. Stern ---
		Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision); failure to act on majority supported
		shareholder proposal (reduce supermajority vote
		requirements).
Mgmt Rec - Company Management Recommended Vote								Page 92

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.6	Elect Director Henry D.G. Wallace ---
		Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision); failure to act on majority supported
		shareholder proposal (reduce supermajority vote
		requirements).
	2	Ratify Auditors		For	For		Mgmt
	3	Adopt ILO Based Code of Conduct		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	4	Adopt Policy for Engagement With		Against	Against		ShrHoldr
		Proponents of Shareholder Proposals
		Supported by a Majority Vote
		Company can accomplish without this proposal; no
		evidence proposal as worded will achieve goals or
		improve shareholder returns.
04/23/09 - A	Life Time Fitness, Inc. *LTM*		53217R207			02/26/09		427
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Increase Authorized Common Stock		For	For		Mgmt
		Passes Mellon calculations.
	4	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 9.82% exceeds allowable cap of
		9.64%.
05/11/09 - A	LKQ Corp. *LKQX*		501889208			03/13/09		1,439
	1	Elect Director A. Clinton Allen		For	For		Mgmt
	2	Elect Director Robert M. Devlin		For	For		Mgmt
	3	Elect Director Donald F. Flynn		For	For		Mgmt
	4	Elect Director Kevin F. Flynn		For	For		Mgmt
	5	Elect Director Ronald G. Foster		For	For		Mgmt
	6	Elect Director Joseph M. Holsten		For	For		Mgmt
	7	Elect Director Paul M. Meister		For	For		Mgmt
	8	Elect Director John F. O'Brien		For	For		Mgmt
	9	Elect Director William M. Webster, IV		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
06/05/09 - A	Lloyds Banking Group plc		G5542W106			None		6,678
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3(a)	Elect Carolyn McCall as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 93

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3(b)	Elect Timothy Ryan Jr as Director		For	For		Mgmt
	3(c)	Elect Martin Scicluna as Director		For	For		Mgmt
	3(d)	Elect Tim Tookey as Director		For	For		Mgmt
	3(e)	Elect Anthony Watson as Director		For	For		Mgmt
	4(a)	Re-elect Sir Victor Blank as Director		For	Abstain		Mgmt
		Vote Recommendation In light of the
		Company’s current financial situation, the
		levels of Government assistance required
		subsequent to the HBOS acquisition and the latest
		revelations regarding the true levels of impairment
		associated with the HBOS loan book, the concerns
		raised regarding the degree of oversight and rigour
		the Board exercised in the assessment of the risks
		associated with the HBOS transaction create
		sufficient doubt over the re-election of Sir Victor
		Blank who, as Chairman of the Board, is ultimately
		responsible for the conduct and processes of the
		Board. Given Sir Victor Blank’s intention
		to step down by the 2010 AGM and the
		need for consistency during the search for a suitable
		successor, it is not considered appropriate to
		recommend a vote against his re-election outright.
		Therefore shareholders are recommended to abstain
		on his re-election. For those shareholders who
		have a fiduciary responsibility to vote either in favour
		or against and who do not recognise an abstention
		as valid option, shareholders are recommended that
		they vote against this resolution.
	4(b)	Re-elect Archie Kane as Director		For	For		Mgmt
	4(c)	Re-elect Lord Leitch as Director		For	For		Mgmt
	5	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	6	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	7	Increase Authorised Share Capital from		For	For		Mgmt
		GBP 5,675,477,055, EUR 40,000,000,
		USD 40,000,000 and JPY
		1,250,000,000 to GBP 7,043,396,347,
		EUR 40,000,000, USD 40,000,000 and
		JPY 1,250,000,000
	8	Issue of Equity with Rights Under a		For	For		Mgmt
		General Authority up to GBP
		1,368,679,269 in Ord. Shares and GBP
		52,035,254, USD 38,875,000, EUR
		39,875,000 and JPY 1,250,000,000 in
		Preference Shares and an Additional
		Amount up to GBP 1,368,679,269
		(Rights Issue)
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
Mgmt Rec - Company Management Recommended Vote								Page 94

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Amount of GBP 205,301,890
	10	Authorise 1,642,415,123 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	11	Renew and Extend Company's Auth. to		For	For		Mgmt
		Make Market Purchases of GBP 1B
		Issued by Company to HM Treasury
		and GBP 3B Issued by HBOS plc to
		HM Treasury Fixed to Floating Callable
		Non-Cumulative Preference Shares;
		Auth. 4M Preference Shares for Market
		Purchase
	12	Amend Art. of Assoc. by Deleting All		For	For		Mgmt
		the Provisions of the Company's
		Memorandum of Association which, by
		Virtue of Section 28 of the Company's
		Act 2006, are to be Treated as Part of
		the Articles of Association of the
		Company; Adopt New Art. of Assoc.
	13	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
	14	Auth. Company and Subsidiaries to		For	For		Mgmt
		Make EU Political Donations to Political
		Parties or Independent Election
		Candidates up to GBP 100,000, to
		Political Org. Other Than Political
		Parties up to GBP 100,000 and Incur
		EU Political Expenditure up to GBP
		100,000
06/05/09 - S	Lloyds Banking Group plc		G5542W106			None		6,678
	1	Increase Cap.to GBP 9B,EUR		For	For		Mgmt
		40M,USD 40M and JPY 1B (If
		Resolution 7 in Notice of AGM is
		Passed) or to GBP 8B,USD 40M,EUR
		40M and JPY 1B (If Resolution 7 in
		Notice of AGM is Not Passed); Issue
		Equity with Rights up to GBP
		2B (Placing and Compensatory Open
		Offer)
	2	Increase Cap.by 7B Ord.Shares (If		For	For		Mgmt
		Resolution 7 (AGM) is Passed) or by
		13B Ord. Shares (If Resolution 7 is Not
		Passed); Issue Equity with Rights up to
		GBP 2B (Ord. Shares) and GBP
		52M,USD 38M,EUR 39M and JPY
		1B (Pref. Shares) and up to Further GBP
		2B (Rights Issue)
	3	Approve the Placing and		For	For		Mgmt
		Compensatory Open Offer and the
Mgmt Rec - Company Management Recommended Vote								Page 95

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		HMT Preference Share Redemption
		Being a Related Party Transaction for
		the Purposes of the Listing Rules of the
		United Kingdom Listing Authority
	4	Approve Waiver on Tender-Bid		For	For		Mgmt
		Requirement
	5	Authorise Issue of Equity without Pre-		For	For		Mgmt
		emptive Rights up to Aggregate
		Nominal Amount of GBP 2,602,133,750
		Pursuant to the Placing and
		Compensatory Open Offer
	6	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 340,507,871
05/14/09 -	LVMH Moet Hennessy Louis		F58485115			05/11/09		347
A/S	Vuitton
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Auditors' Special Report		For	Against		Mgmt
		Regarding Related-Party Transactions
		At the date of the analysis (20 days before the
		general meeting), as the company had failed to
		provide adequate rationale and sufficient justification
		on a number of transactions that appear to be
		unrelated to operations and/or not in shareholders'
		best interests (especially with regard to the
		agreement concerning the acquisition of an art
		piece), this resolution does not warrant support.
	4	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.60 per Share
	5	Reelect Antoine Arnault as Director		For	Against		Mgmt
		For this market, if the proposed board does not
		consist of one-third of independent directors, the
		election or reelection of any non-independent director
		(except the CEO) is not warranted. At LVMH,
		although the board will likely consist of one additional
		independent member after the general meeting if all
		the elections proposed at the meeting are approved,
		only 22.22 percent of the board of directors would be
		independent. Moreover, two of the nominees
		proposed for reelection, Antoine Bernheim and Albert
		Frere, are non-executive directors and hold more
		than five directorship positions in listed companies
		outside the group. Therefore, the proposal to
Mgmt Rec - Company Management Recommended Vote								Page 96

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		reelect executive directors Antoine Arnault and Pierre
		Gode, and non-independent non-executive directors
		Antoine Bernheim, Albert Frere, and Lord Powell of
		Bayswater (Items 5 - 9) do not merit support.
		However, the election of the new independent
		nominee, Yves-Thibault de Silguy (Item 10), merits
		support.
	6	Reelect Antoine Bernheim as Director		For	Against		Mgmt
	7	Reelect Albert Frere as Director		For	Against		Mgmt
	8	Reelect Pierre Gode as Director		For	Against		Mgmt
	9	Reelect Lord Powell of Bayswater as		For	Against		Mgmt
		Director
	10	Elect Yves-Thilbaut de Silguy as		For	For		Mgmt
		Director
	11	Authorize Repurchase of up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	12	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	13	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 50 Million
		Item 13: The potential capital increase with
		preemptive rights, representing 34.02 percent of
		issued share capital, is deemed acceptable for
		issuances with preemptive rights. Therefore, this item
		merits support. Item 14: The proposed capital
		increases without preemptive rights and without
		binding priority, representing 34.02 percent of issued
		share capital, is excessive for general requests to
		issue capital without preemptive. Therefore, this item
		does not merit support. Item 15: While the
		amount requested would not exceed the 50 percent
		limit for issuances with preemptive rights under item
		13, it exceeds the 20 percent limit for issuances that
		do not respect preemptive rights under Item 14.
		Therefore, the additional potential capital increases
		are deemed excessive. Therefore, this item does not
		merit support. Item 16: The maximum nominal
		amount of shares could be issued represents 34.02
		percent of issued capital. Based on the high level of
		dilution for general capital issuances requests that do
		not recognize preemptive rights, this resolution
		cannot be approved. Therefore, this item does not
		merit support. Item 17: The capital increase (up
		to 10 percent) without preemptive rights is
		considered to be acceptable. Therefore, this item
		merits support.
	14	Authorize Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
Mgmt Rec - Company Management Recommended Vote								Page 97

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Rights up to Aggregate Nominal
		Amount of EUR 50 Million, with the
		Possibility Not to Offer them to the
		Public for an Amount Representing 20
		Percent per Year
	15	Authorize Board to Increase Capital in		For	Against		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholders Votes under Items 13
		and 14 Above
	16	Authorize Capital Increase of Up to		For	Against		Mgmt
		EUR 50 Million for Future Exchange
		Offers
	17	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	18	Authorize up to 3 Percent of Issued		For	Against		Mgmt
		Capital for Use in Stock Option Plan
		The amount of shares that could be issued or
		reissued pursuant to this authorization is EUR 4.41
		million, representing 3 percent of the current share
		capital. This issuance request would increase the
		total number of shares reserved for the company's
		stock-based plans, taking into account all current
		outstanding share-based plans from 3.55 percent to
		6.49 percent of fully diluted shares. Given the
		volume in excess of recommended guidelines (5
		percent), this proposal does not merit support.
	19	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	20	Amend Articles 11 and 23 of Bylaws		For	For		Mgmt
		Re: Shareholding Requirements for
		Directors and Double Voting Rights
05/19/09 - A	Magellan Health Services,		559079207			03/31/09		608
	Inc. *MGLN*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Ren Lerer --- Withhold
	1.2	Elect Director Nancy L. Johnson ---
		Withhold
	1.3	Elect Director Eran Broshy --- For
	2	Ratify Auditors		For	For		Mgmt
04/28/09 - A	Manpower Inc. *MAN*		56418H100			02/17/09		818
	1	Elect Directors		For	For		Mgmt
	2	Elect Director Roberto Mendoza		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Amend Omnibus Stock Plan		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 98

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Implement MacBride Principles		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will in enhance shareholder value beyond what
		management can already be expected to do.
	6	Other Business		For	Against		Mgmt
05/11/09 - A	Mariner Energy, Inc. *ME*		56845T305			03/17/09		1,055
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Bernard Aronson ---
		Withhold
		Board member when poison pill was adopted without
		shareholder vote (no qualified offer clause or sunset
		provision).
	1.2	Elect Director H. Clayton Peterson ---
		Withhold
		Board member when poison pill was adopted without
		shareholder vote (no qualified offer clause or sunset
		provision).
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
05/05/09 - A	Marvel Entertainment, Inc.		57383T103			03/09/09		960
	*MVL*
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director James W. Breyer ---
		Withhold
		Board member during period of poor pay practices;
		no comp member standing (classified board).
	1.2	Elect Director Laurence N. Charney ---
		Withhold
		Board member during period of poor pay practices;
		no comp member standing (classified board).
	1.3	Elect Director Richard L. Solar ---
		Withhold
		Board member during period of poor pay practices;
		no comp member standing (classified board).
	2	Ratify Auditors		For	For		Mgmt
06/16/09 - A	Masimo Corp. *MASI*		574795100			04/24/09		593
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 99

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/09/09 - A	MasterCard Incorporated		57636Q104			04/13/09		244
	*MA*
	1	Elect Directors		For	For		Mgmt
	2	Amend Certificate of Incorporation to		For	For		Mgmt
		Increase Size of Board and Amend
		Director Qualifications
		Change from 12 to 15 to provide greater flexibility
		and broader representation in business sectors.
	3	Ratify Auditors		For	For		Mgmt
05/27/09 - A	McDonald's Corp. *MCD*		580135101			03/30/09		2,037
	1	Elect Director Robert A. Eckert		For	For		Mgmt
	2	Elect Director Enrique Hernandez, Jr.		For	For		Mgmt
	3	Elect Director Jeanne P. Jackson		For	For		Mgmt
	4	Elect Director Andrew J. McKenna		For	For		Mgmt
	5	Ratify Auditors		For	For		Mgmt
	6	Amend Omnibus Stock Plan		For	For		Mgmt
	7	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	8	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
	9	Phase out Sales of Eggs from Battery		Against	Against		ShrHoldr
		Cage Hens
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
04/21/09 - A	MEMC Electronic Materials,		552715104			02/26/09		2,619
	Inc. *WFR*
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Robert J. Boehlke --- For
	1.2	Elect Director C. Douglas Marsh --- For
	1.3	Elect Director Michael McNamara ---
		For
	2	Ratify Auditors		For	For		Mgmt
04/28/09 - A	Merck & Co., Inc. *MRK*		589331107			02/27/09		4,022
	1	Elect Director Leslie A. Brun		For	For		Mgmt
	2	Elect Director Thomas R. Cech		For	For		Mgmt
	3	Elect Director Richard T. Clark		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 100

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Elect Director Thomas H. Glocer		For	For		Mgmt
	5	Elect Director Steven F. Goldstone		For	For		Mgmt
	6	Elect Director William B. Harrison, Jr.		For	For		Mgmt
	7	Elect Director Harry R. Jacobson		For	For		Mgmt
	8	Elect Director William N. Kelley		For	For		Mgmt
	9	Elect Director Rochelle B. Lazarus		For	For		Mgmt
	10	Elect Director Carlos E. Represas		For	For		Mgmt
	11	Elect Director Thomas E. Shenk		For	For		Mgmt
	12	Elect Director Anne M. Tatlock		For	For		Mgmt
	13	Elect Director Samuel O. Thier		For	For		Mgmt
	14	Elect Director Wendell P. Weeks		For	For		Mgmt
	15	Elect Director Peter C. Wendell		For	For		Mgmt
	16	Ratify Auditors		For	For		Mgmt
	17	Fix Number of Directors		For	For		Mgmt
		Increase from 14 to 18; does not appear to be
		motivated by entrenchment.
	18	Amend Bylaws-- Call Special Meetings		Against	For		ShrHoldr
		Share holder do not currently have right to act by
		written consent or to call special meeting.
	19	Require Independent Lead Director		Against	Against		ShrHoldr
		Lead director already in place.
	20	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with proposals previouly supported by
		PPC.
05/20/09 - A	Minerals Technologies, Inc.		603158106			03/24/09		192
	*MTX*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 9.03% is within allowable cap of
		9.19%.
06/24/09 - A	Mitsubishi Corp. *8058*		J43830116			03/31/09		1,405
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 16
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Amend Business
		Lines
	3	Elect Directors		For	For		Mgmt
	4	Approve Annual Bonus Payment to		For	For		Mgmt
		Directors
	5	Approve Deep Discount Stock Option		For	For		Mgmt
		Plan
		Given these restrictions, and the extremely modest
Mgmt Rec - Company Management Recommended Vote								Page 101

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		dilution from these grants, we do not oppose this
		resolution.
	6	Set Amounts for Retirement Bonus		For	For		Mgmt
		Reserve Funds for Directors
06/26/09 - A	Mitsubishi UFJ Financial		J44497105			03/31/09		8,200
	Group *8306*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 5 for Ordinary
		Shares
	2	Amend Articles To Amend Provisions		For	For		Mgmt
		on Preferred Shares to Reflect
		Cancellation - Reflect Digitalization of
		Share Certificates - Authorize Public
		Announcements in Electronic Format
	3	Elect Directors		For	Split		Mgmt
	3.1	Elect Director --- For
		Because of their poor attendance record at board
		meetings, nominees 15 and 17 cannot be expected
		to fulfill the role of overseeing management
		effectively in the interests of shareholders.
		Shareholders are advised to vote against these
		nominees, but for all other director candidates.
	3.2	Elect Director --- For
	3.3	Elect Director --- For
	3.4	Elect Director --- For
	3.5	Elect Director --- For
	3.6	Elect Director --- For
	3.7	Elect Director --- For
	3.8	Elect Director --- For
	3.9	Elect Director --- For
	3.10	Elect Director --- For
	3.11	Elect Director --- For
	3.12	Elect Director --- For
	3.13	Elect Director --- For
	3.14	Elect Director --- For
	3.15	Elect Director --- Against
	3.16	Elect Director --- For
	3.17	Elect Director --- Against
	4.1	Appoint Statutory Auditor		For	For		Mgmt
	4.2	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
Mgmt Rec - Company Management Recommended Vote								Page 102

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		monitor of the company's activities on behalf of all
		shareholders.
	4.3	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders. In addition, the nominee has an
		attendance problem. Therefore, the reappointment
		warrants a vote against.
	4.4	Appoint Statutory Auditor		For	For		Mgmt
06/23/09 - A	Mitsui & Co. *8031*		J44690139			03/31/09		2,000
	1	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Amend Business
		Lines
	2	Elect Directors		For	For		Mgmt
	3	Appoint Statutory Auditor		For	For		Mgmt
06/25/09 - A	MIZUHO FINANCIAL GROUP		J4599L102			03/31/09		10,000
	INC. *8411*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 10 for Ordinary
		Shares
	2	Amend Articles To Decrease		For	For		Mgmt
		Authorized Capital to Reflect
		Cancellation - Reflect Digitalization of
		Share Certificates
	3	Elect Directors		For	For		Mgmt
	4	Appoint Statutory Auditor		For	For		Mgmt
05/04/09 - A	Motorola, Inc. *MOT*		620076109			03/09/09		4,726
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director G. Brown --- For
	1.2	Elect Director D. Dorman --- For
	1.3	Elect Director W. Hambrecht --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.4	Elect Director S. Jha --- For
	1.5	Elect Director J. Lewent --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.6	Elect Director K. Meister --- For
Mgmt Rec - Company Management Recommended Vote								Page 103

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.7	Elect Director T. Meredith --- For
	1.8	Elect Director S. Scott III --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.9	Elect Director R. Sommer --- For
	1.10	Elect Director J. Stengel --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.11	Elect Director A. Vinciquerra --- For
	1.12	Elect Director D. Warner III --- For
	1.13	Elect Director J. White --- For
	2	Adjust Par Value of Common Stock		For	For		Mgmt
		Routine financing matter.
	3	Approve Repricing of Options		For	For		Mgmt
		ISS recommends FOR repricing proposal that is
		value-for-value and excludes executives and non-
		employee directors. Exercise price will be $12 or
		higher if 52 wk close is higher. 57% of outstanding
		options are eligible. Surrendered options will be
		available for re-issue in future grants; "modest"
		additional accounting expense will be incurred.
		Existing plan into which surrendered options will be
		recycles passes SVT and prohibits repricing without
		shareholder approval.
	4	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	5	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Pay/performance disconnect and multiple "pay-for-
		failure" risks per ISS. One of the co-CEOs in place
		(due to pending spin-off) is highest paid CEO in
		country per NYT. NEO personal use of corp aircraft
		significantly above norms (tax gross-ups included for
		some). CEO change-in-control severance 3 times
		base plus annual bonus and tax gross-ups ($21.2 mil
		in tax for one CEO alone).
	6	Ratify Auditors		For	For		Mgmt
	7	Provide for Cumulative Voting		Against	Against		ShrHoldr
	8	Amend Bylaws-- Call Special Meetings		Against	For		ShrHoldr
		Currently no right to act by written consent or call
		special meeting.
	9	Amend Human Rights Policies		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance or that proposal will improve
		shareholder returns.
Mgmt Rec - Company Management Recommended Vote								Page 104

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/20/09 - A	Nash Finch Co. *NAFC*		631158102			04/01/09		696
	1	Elect Directors		For	For		Mgmt
	2	Provide that Directors May be		For	For		Mgmt
		Removed, With or Without Cause, by a
		Majority Vote
		Improves shareholder rights.
	3	Eliminate the Advance Notice		For	For		Mgmt
		Procedure for Director Nominations
		Changes notice requirement from 10-60 days to 60-
		90 days.
	4	Approve Omnibus Stock Plan		For	Against		Mgmt
	5	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	6	Ratify Auditors		For	For		Mgmt
	7	Other Business		For	Against		Mgmt
06/02/09 - A	National Bank of Greece SA		633643408			05/14/09		4,771
		Meeting for ADR Holders
	1	Accept Statutory Reports		For	For		Mgmt
	2	Accept Financial Statements		For	For		Mgmt
	3	Approve Discharge of Board and		For	For		Mgmt
		Auditors
	4	Approve Director Remuneration		For	For		Mgmt
	5	Authorize Board to Participate in		For	For		Mgmt
		Companies with Similiar Business
		Interests
	6	Ratify Director Appointments		For	For		Mgmt
	7	Approve Auditors and Fix Their		For	For		Mgmt
		Remuneration
	8	Other Business		For	Against		Mgmt
05/19/09 - A	National Presto Industries,		637215104			03/19/09		366
	Inc. *NPK*
	1	Elect Directors		For	For		Mgmt
05/15/09 - A	National Retail Properties,		637417106			03/17/09		776
	Inc. *NNN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Other Business		For	Against		Mgmt
05/05/09 - A	Nationwide Health		638620104			03/06/09		989
	Properties, Inc. *NHP*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 105

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/28/09 - A	Netflix. Inc *NFLX*		64110L106			03/31/09		651
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/11/09 - A	NextWave Wireless Inc.		65337Y102			04/22/09		7,402
	*WAVE*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Nicor Inc. *GAS*		654086107			02/24/09		673
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/26/09 - A	Nintendo Co. Ltd. *7974*		J51699106			03/31/09		104
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JPY 780
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
06/24/09 - A	Nippon Steel Corp. *5401*		J55999122			03/31/09		6,016
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 1
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	Split		Mgmt
	3.1	Elect Director --- Against
		Because Chairman Mimura and President Muneoka
		(candidates 1 and 2) bear the greatest share of
		responsibility for the company's continued failure to
		put its poison pill to a vote and its continued failure to
		appoint outsiders to the board, as well as the
		defensive cross-shareholdings that have proven so
		costly to the company, shareholders are advised to
		oppose their reelection to the board.
	3.2	Elect Director --- Against
	3.3	Elect Director --- For
	3.4	Elect Director --- For
	3.5	Elect Director --- For
	3.6	Elect Director --- For
	3.7	Elect Director --- For
	3.8	Elect Director --- For
	3.9	Elect Director --- For
Mgmt Rec - Company Management Recommended Vote								Page 106

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3.10	Elect Director --- For
	4.1	Appoint Statutory Auditor		For	For		Mgmt
	4.2	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders. In addition, the nominee has an
		attendance problem. Therefore, the reappointment
		warrants a vote against.
	4.3	Appoint Statutory Auditor		For	For		Mgmt
04/23/09 - A	Nokia Corp.		X61873133			04/09/09		3,932
	1	Open Meeting		None	None		Mgmt
	2	Calling the Meeting to Order		None	None		Mgmt
	3	Designate Inspector or Shareholder		For	For		Mgmt
		Representative(s) of Minutes of
		Meeting
	4	Acknowledge Proper Convening of		For	For		Mgmt
		Meeting
	5	Prepare and Approve List of		For	For		Mgmt
		Shareholders
	6	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports; Receive Auditor's
		Report; Receive CEO's Review
	7	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	8	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.40 Per Share
	9	Approve Discharge of Board and		For	For		Mgmt
		President
		Based on the reasoning above, this proposal
		warrants shareholder support.
	10	Approve Remuneration of Directors in		For	For		Mgmt
		the Amount of EUR 440,000 for
		Chairman, EUR 150,000 for Vice
		Chairman, and EUR 130,000 for Other
		Directors; Approve Remuneration for
		Committee Work
	11	Fix Number of Directors at 11		For	For		Mgmt
	12	Reelect Georg Ehrnrooth, Lalita D.		For	For		Mgmt
		Gupte, Bengt Holmstrom, Henning
		Kagermann, Olli-Pekka Kallasvuo, Per
		Karlsson, Jorma Ollila, Marjorie
		Scardino, Risto Siilasmaa, and Keijo
		Suila as Directors; Elect Isabel Marey-
		Semper as New Director
Mgmt Rec - Company Management Recommended Vote								Page 107

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	13	Approve Remuneration of Auditors		For	For		Mgmt
	14	Ratify PricewaterhouseCoopers Oy as		For	For		Mgmt
		Auditors
	15	Authorize Repurchase of up to 360		For	For		Mgmt
		Million Nokia Shares
	16	Close Meeting		None	None		Mgmt
04/21/09 - A	Northern Trust Corp. *NTRS* 665859104					03/02/09		1,795
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Linda Walker Bynoe ---
		For
	1.2	Elect Director Nicholas D. Chabraja ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.3	Elect Director Susan Crown ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.4	Elect Director Dipak C. Jain --- For
	1.5	Elect Director Arthur L. Kelly --- For
	1.6	Elect Director Robert C. McCormack ---
		For
	1.7	Elect Director Edward J. Mooney ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.8	Elect Director William A. Osborn --- For
	1.9	Elect Director John W. Rowe --- For
	1.10	Elect Director Harold B. Smith --- For
	1.11	Elect Director William D. Smithburg ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.12	Elect Director Enrique J. Sosa --- For
	1.13	Elect Director Charles A. Tribbett III ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.14	Elect Director Frederick H. Waddell ---
		For
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		NEO CIC with tax-gross-ups, overly liberal definition
		of CIC.
Mgmt Rec - Company Management Recommended Vote								Page 108

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/01/09 - A	Occidental Petroleum Corp.		674599105			03/11/09		1,758
	*OXY*
	1	Elect Directors		For	Against		Mgmt
	1.1	Elect Director Spencer Abraham ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.2	Elect Director Ronald W. Burkle ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.3	Elect Director John S. Chalsty ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.4	Elect Director Edward P. Djerejian ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.5	Elect Director John E. Feick --- Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.6	Elect Director Ray R. Irani --- Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.7	Elect Director Irvin W. Maloney ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.8	Elect Director Avedick B. Poladian ---
		Against
Mgmt Rec - Company Management Recommended Vote								Page 109

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.9	Elect Director Rodolfo Segovia ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.10	Elect Director Aziz D. Syriani ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.11	Elect Director Rosemary Tomich ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.12	Elect Director Walter L. Weisman ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	2	Ratify Auditors		For	For		Mgmt
	3	Provide Right to Call Special Meeting		For	Against		Mgmt
		Shareholders currently have right to call special
		meeting (25%).
	4	Report on Host Country Social and		Against	Against		ShrHoldr
		Environmental Laws
		Management responded meaningfully; no evidence
		that company not in compliance with current law or
		that proposal will result in improved sharehoder
		returns or change laws in host countries.
04/22/09 - A	Odyssey Re Holdings Corp.		67612W108			03/06/09		721
	*ORH*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director V. Prem Watsa --- For
	1.2	Elect Director James F. Dowd --- For
	1.3	Elect Director Andrew A. Barnard ---
		For
	1.4	Elect Director Peter M. Bennett --- For
	1.5	Elect Director Anthony F. Griffiths ---
		Withhold
		Comp committee member during period of poor pay
Mgmt Rec - Company Management Recommended Vote								Page 110

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		practices.
	1.6	Elect Director Patrick W. Kenny ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.7	Elect Director Bradley P. Martin --- For
	1.8	Elect Director Robert J. Solomon --- For
	1.9	Elect Director Brandon W. Sweitzer ---
		Withhold
		Comp committee member during period of poor pay
		practices.
05/19/09 - A	Omnicom Group Inc. *OMC*		681919106			03/30/09		3,223
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director John D. Wren --- For
	1.2	Elect Director Bruce Crawford --- For
	1.3	Elect Director Alan R. Batkin ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.4	Elect Director Robert Charles Clark ---
		For
	1.5	Elect Director Leonard S. Coleman, Jr.
		--- Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.6	Elect Director Errol M. Cook --- For
	1.7	Elect Director Susan S. Denison ---
		Withhold
Mgmt Rec - Company Management Recommended Vote								Page 111

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.8	Elect Director Michael A. Henning ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.9	Elect Director John R. Murphy --- For
	1.10	Elect Director John R. Purcell --- For
	1.11	Elect Director Linda Johnson Rice ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.12	Elect Director Gary L. Roubos ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
Mgmt Rec - Company Management Recommended Vote								Page 112

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
05/20/09 - A	ON Semiconductor		682189105			04/06/09		3,921
	Corporation *ONNN*
	1	Elect Directors		For	For		Mgmt
	2	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
		All employees can purchase shares at 85% of F.M.V.
	3	Ratify Auditors		For	For		Mgmt
05/26/09 - A	ONYX Pharmaceuticals, Inc.		683399109			03/30/09		497
	*ONXX*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 12.05% is within allowable cap of
		12.83%.
	3	Ratify Auditors		For	For		Mgmt
06/02/09 - A	optionsXpress Holdings, Inc.		684010101			04/06/09		564
	*OXPS*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/17/09 - A	OSI Pharmaceuticals, Inc.		671040103			04/22/09		519
	*OSIP*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert A. Ingram ---
		Withhold
		Sits on 6 boards; no mitigating circumstances
		disclosed. Comp committee member during period of
		poor pay practices. NEO tax gross-ups retained on
		double-trigger change-in-control agreements.
	1.2	Elect Director Colin Goddard, Ph.D. ---
		For
	1.3	Elect Director Santo J. Costa ---
		Withhold
		Comp committee member during period of poor pay
		practices. NEO tax gross-ups retained on double-
		trigger change-in-control agreements.
Mgmt Rec - Company Management Recommended Vote								Page 113

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.4	Elect Director Joseph Klein, III ---
		Withhold
		Sits on 6 boards; no mitigating circumstances
		disclosed.
	1.5	Elect Director Kenneth B. Lee, Jr. ---
		For
	1.6	Elect Director Viren Mehta --- Withhold
		Comp committee member during period of poor pay
		practices. NEO tax gross-ups retained on double-
		trigger change-in-control agreements.
	1.7	Elect Director David W. Niemiec --- For
	1.8	Elect Director Herbert M. Pinedo, M.D.,
		Ph.D. --- For
	1.9	Elect Director Katharine B. Stevenson -
		-- For
	1.10	Elect Director John P. White --- For
	2	Ratify Auditors		For	For		Mgmt
06/25/09 - A	Panasonic Corp *6752*		J6354Y104			03/31/09		1,254
	1	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Authorize Public
		Announcements in Electronic Format
	2	Elect Directors		For	For		Mgmt
05/13/09 - A	Perot Systems Corp. *PER*		714265105			03/16/09		1,550
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/18/09 - A	Petrohawk Energy		716495106			04/27/09		2,399
	Corporation *HK*
	1	Elect Directors		For	Withhold		Mgmt
	2	Increase Authorized Common Stock		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Amend Non-Employee Director		For	For		Mgmt
		Omnibus Stock Plan
	5	Permit Board to Amend Bylaws Without		For	Against		Mgmt
		Shareholder Consent
	6	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Pfizer Inc. *PFE*		717081103			02/24/09		12,341
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Limit/Prohibit Executive Stock-Based		Against	Against		ShrHoldr
		Awards
Mgmt Rec - Company Management Recommended Vote								Page 114

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Overly restrictive; limits normal compeditive comp
		tool.
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior proposals supported by PPC.
	6	Provide for Cumulative Voting		Against	Against		ShrHoldr
	7	Amend Bylaws -- Call Special Meetings		Against	Against		ShrHoldr
		25% shareholder right to call special meeting already
		in place.
05/13/09 - A	PG&E Corp. *PCG*		69331C108			03/16/09		3,463
	1	Elect Director David R. Andrews		For	For		Mgmt
	2	Elect Director C. Lee Cox		For	For		Mgmt
	3	Elect Director Peter A. Darbee		For	For		Mgmt
	4	Elect Director Maryellen C. Herringer		For	For		Mgmt
	5	Elect Director Roger H. Kimmel		For	For		Mgmt
	6	Elect Director Richard A. Meserve		For	For		Mgmt
	7	Elect Director Forrest E. Miller		For	For		Mgmt
	8	Elect Director Barbara L. Rambo		For	For		Mgmt
	9	Elect Director Barry Lawson Williams		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification consistently
		supported buy PPC.
	12	Reincorporate in Another State		Against	Against		ShrHoldr
		[California to North Dakota]
05/05/09 - A	Philip Morris International		718172109			03/10/09		4,062
	Inc. *PM*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
04/29/09 - A	PLATINUM UNDERWRITERS		G7127P100			03/16/09		534
	HOLDINGS LTD *PTP*
	1	Elect Directors		For	For		Mgmt
	2	Approve KPMG as Auditors and		For	For		Mgmt
		Authorize Board to Fix Their
		Remuneration
05/27/09 - A	Polycom, Inc. *PLCM*		73172K104			04/10/09		1,144
	1	Elect Directors		For	For		Mgmt
	2	Approve Option Exchange Program		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 115

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Value-for-value, excludes executives, timng and
		price reasonable; recycles options will not put plan
		over SVT cap.
	3	Ratify Auditors		For	For		Mgmt
05/04/09 - A	Potlatch Corp. *PCH*		737630103			03/23/09		505
	1	Elect Director Boh A. Dickey		For	For		Mgmt
	2	Elect Director William L. Driscoll		For	For		Mgmt
	3	Elect Director Judith M. Runstad		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
05/20/09 - A	PPL Corp. *PPL*		69351T106			02/27/09		775
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		Against	For		ShrHoldr
06/03/09 - A	Priceline.com Inc. *PCLN*		741503403			04/14/09		507
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Right to Call Special Meetings		For	For		Mgmt
		Shareholders may not act by written consent
		Shareholders may not call special meetings
	4	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholders will have 25% right to call secial
		meeting if item 3 is approved (mgmt version).
05/21/09 - A	Pride International, Inc.		74153Q102			03/31/09		1,853
	*PDE*
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director David A. B. Brown ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.2	Elect Director Kenneth M. Burke ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.3	Elect Director Archie W. Dunham ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.4	Elect Director David A. Hager ---
Mgmt Rec - Company Management Recommended Vote								Page 116

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.5	Elect Director Francis S. Kalman ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.6	Elect Director Ralph D. McBride ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.7	Elect Director Robert G. Phillips ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.8	Elect Director Louis A. Raspino ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	ProAssurance Corporation		74267C106			03/31/09		350
	*PRA*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	ProLogis *PLD*		743410102			03/23/09		2,698
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Stephen L. Feinberg ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.2	Elect Director George L. Fotiades ---
		For
	1.3	Elect Director Christine N. Garvey ---
		For
	1.4	Elect Director Lawrence V. Jackson ---
		For
	1.5	Elect Director Donald P. Jacobs ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.6	Elect Director Walter C. Rakowich ---
		For
	1.7	Elect Director D. Michael Steuert --- For
Mgmt Rec - Company Management Recommended Vote								Page 117

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.8	Elect Director J. Andre Teixeira --- For
	1.9	Elect Director William D. Zollars ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.10	Elect Director Andrea M. Zulberti ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	2	Ratify Auditors		For	For		Mgmt
05/19/09 - A	Psychiatric Solutions, Inc.		74439H108			03/26/09		794
	*PSYS*
	1	Elect Directors		For	For		Mgmt
	2	Amend Non-Employee Director		For	For		Mgmt
		Omnibus Stock Plan
		Plan's cost of 10.51% is within allowable cap of
		11.74%.
	3	Ratify Auditors		For	For		Mgmt
05/07/09 - A	Public Storage *PSA*		74460D109			03/09/09		1,494
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/04/09 - A	Quest Software, Inc. *QSFT*		74834T103			04/27/09		1,376
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/12/09 - A	Realty Income Corp. *O*		756109104			03/12/09		1,228
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/27/09 - A	Regal-Beloit Corp. *RBC*		758750103			03/04/09		315
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Repsol YPF S.A		E8471S130			None		1,120
	1	Approve Individual and Consolidated		For	For		Mgmt
		Financial Statements, Allocation of
		Income, and Discharge Directors
	2	Elect Directors		For	For		Mgmt
	3	Elect External Auditors		For	For		Mgmt
	4	Authorize Repurchase of Shares		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 118

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Authorize Issuance of		For	For		Mgmt
		Bonds/Debentures
	6	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
05/06/09 - A	Reynolds American Inc *RAI*		761713106			03/09/09		2,578
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Declassify the Board of Directors		Against	For		ShrHoldr
	5	Report on Marketing Practices on the		Against	Against		ShrHoldr
		Poor
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will results in improved shareholder returns.
	6	Reduce Nicotine Content to Non-		Against	Against		ShrHoldr
		Addictive Levels
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will results in improved shareholder returns.
	7	Adopt Human Rights Protocols for		Against	Against		ShrHoldr
		Company and Suppliers
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will results in improved shareholder returns.
06/03/09 - A	Rightnow Technologies, Inc		76657R106			04/09/09		1,764
	*RNOW*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Other Business		For	Against		Mgmt
04/20/09 - A	Rio Tinto Ltd. (Formerly Cra		Q81437107			04/18/09		278
	Ltd.) *RIO*
	1	Receive Financial Statements and		For	For		Mgmt
		Statutory Reports for the Financial Year
		Ended Dec. 31, 2008
	2	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended Dec. 31, 2008
	3	Elect Jan du Plessis as a Director		For	For		Mgmt
	4	Elect David Clementi as a Director		For	For		Mgmt
	5	Elect Rod Eddington as a Director		For	Against		Mgmt
		- Sir Rod Eddington as an independent director of
		Allco (now in voluntary administration) supported the
		Rubicon purchase and the advancing of funds to the
		Allco Principals Trust, based on the
Mgmt Rec - Company Management Recommended Vote								Page 119

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		administrator’s report, to prevent margin
		calls over Allco shares held by APT. This item
		does not merit support.
	6	Elect Andrew Gould as a Director		For	For		Mgmt
	7	Elect David Mayhew as a Director		For	For		Mgmt
	8	Approve Appointment of		For	For		Mgmt
		PricewaterhouseCoopers LLP as
		Auditors of the Company and Authorize
		Board to Fix Their Remuneration
	9	Approve Increase in Non-Executive		None	For		Mgmt
		Directors' Remuneration to A$4.7
		Million per Annum
	10	Approve the Renewal of the Company's		For	For		Mgmt
		Authority to Buy Back All the Ordinary
		Shares Held by Tinto Holdings
		Australia Pty Ltd under a Selective
		Buyback Agreement
	11	Approve Amendments to the Rio Tinto		For	For		Mgmt
		Ltd Constitution and Adoption and
		Amendment of the New Rio Tinto Plc
		Articles of Association
04/15/09 - A	Rio Tinto plc		G75754104			None		1,130
		Resolutions 1 to 9 will be Voted on
		by Rio Tinto plc and Rio Tinto
		Limited Shareholders as a Joint
		Electorate
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
		Summary & Vote Recommendation The
		main outstanding remuneration issue is the
		integration bonus arrangements for Dick Evans and
		the fact that the existence of this bonus was not
		previously disclosed to shareholders. This is
		disappointing given the fact that this bonus
		represents a significant incentive for a main Board
		executive. After consideration and taking into
		account additional feedback from the Company, a
		vote recommendation against the remuneration
		report is not considered warranted on the basis of
		this issue alone. The rationale for this conclusion is
		as follows: - The company has provided extra
		detail on the performance conditions applying to the
		integration bonus. It notes that the synergy savings
		for 2008 were USD 585 million (GBP 314 million),
		against a target of USD 550 million (GBP 295
		million). - The company makes a case for the
		bonus being a discrete part of the remuneration
		policy with a specific purpose, tied to the
Mgmt Rec - Company Management Recommended Vote								Page 120

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		performance of one executive director. Given Dick
		Evans's role, it is not unreasonable that he has
		specific integration targets following the acquisition of
		Alcan. - The remuneration package for Dick
		Evans is tied to his contract, which ends on 31
		December 2009. The Company has confirmed that
		he has no entitlement to any termination payment
		when he leaves. - The overall remuneration
		policy at Rio Tinto raises few concerns and the
		general level of disclosure is good. Although some
		shareholders may have concerns that executive
		directors received bonuses in respect of 2008, the
		Company appears to have recognised this issue to a
		certain extent through the mandatory deferral of
		bonuses into shares. In light of the above, on
		balance the remuneration report is worthy of qualified
		support. However, the Company is encouraged to
		engage with shareholders in advance of introducing
		special bonus arrangements in the future. It should
		also ensure that any such bonuses are disclosed and
		explained in full. [Vote Recommendation:
		CONTENTIOUS FOR]
	3	Elect Jan du Plessis as Director		For	For		Mgmt
		Analysis & Vote
		Recommendation Exceptionally, the election/re-
		election of all directors at this AGM is being
		highlighted as potentially contentious. This is
		because of the continuing debate over the merits of
		the Chinalco deal announced on 12 February 2009.
		Some shareholders have raised serious concerns
		with the terms of the transaction and may feel that a
		vote against the Rio Tinto directors is an appropriate
		course of action at this stage. However, given
		that the transaction has not yet been finalised and,
		indeed, may not proceed in the manner currently
		envisaged, it is considered too early for a negative
		vote recommendation against the directors to be
		issued. That said, directors must be prepared to be
		held formally accountable for decisions they take in
		respect of the deal. Developments over the coming
		year will be monitored closely and any serious
		ongoing concerns will be taken fully into account
		when considering vote recommendations for the
		2010 AGM. The role of Jan du Plessis over the
		coming year will be particularly important given his
		position as incoming        Chairman of the
		Board. [Vote Recommendation: CONTENTIOUS
		FOR]
	4	Re-elect Sir David Clementi as Director		For	For		Mgmt
		Analysis & Vote
		Recommendation Exceptionally, the election/re-
Mgmt Rec - Company Management Recommended Vote								Page 121

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		election of all directors at this AGM is being
		highlighted as potentially contentious. This is
		because of the continuing debate over the merits of
		the Chinalco deal announced on 12 February 2009.
		Some shareholders have raised serious concerns
		with the terms of the transaction and may feel that a
		vote against the Rio Tinto directors is an appropriate
		course of action at this stage. However, given
		that the transaction has not yet been finalised and,
		indeed, may not proceed in the manner currently
		envisaged, it is considered too early for a negative
		vote recommendation against the directors to be
		issued. That said, directors must be prepared to be
		held formally accountable for decisions they take in
		respect of the deal. Developments over the coming
		year will be monitored closely and any serious
		ongoing concerns will be taken fully into account
		when considering vote recommendations for the
		2010  AGM. [Vote Recommendation:
		CONTENTIOUS FOR]
	5	Re-elect Sir Rod Eddington as Director		For	Against		Mgmt
		Summary & Vote
		Recommendation Shareholders will need to
		consider Sir Rod Eddington’s position based
		on the available information. Concerns have arisen
		about his performance as a non-executive director of
		Allco. The view has been taken in this report that
		given his position as an independent director who
		supported the Rubicon purchase by Allco, the value
		of which was substantially written down within seven
		months of acquisition, it appears reasonable for
		shareholders to question his continuing service as a
		member of the Rio Tinto board. It is also
		appropriate to consider Sir Rod Eddington's position
		in the context of the fact that he currently serves on
		seven boards - Rio Tinto, News Corporation, John
		Swire & Sons Pty, CLP Holdings, Allco, JP
		Morgan Australia and New Zealand and
		Infrastructure Australia - the last two of which he
		chairs. He is also Chairman Designate of ANZ
		Banking Group Ltd. In cases such as this, questions
		of whether or not an individual has sufficient time to
		dedicate      to all    his roles become
		relevant. Shareholders have a difficult judgement
		call to make when determining the appropriate voting
		stance on this resolution. Rio Tinto strongly defends
		Sir Rod Eddington's position on the board of Rio
		Tinto and has no hesitation in recommending that
		shareholders support his re-election. This report
		has concluded, however, that the situation at Allco
		raises questions about Sir Rod Eddington's
Mgmt Rec - Company Management Recommended Vote								Page 122

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		performance as a director. It is therefore considered
		reasonable that shareholders consider voting against
		his re-election to the board of Rio Tinto.
	6	Re-elect Andrew Gould as Director		For	For		Mgmt
		Analysis & Vote
		Recommendation Exceptionally, the election/re-
		election of all directors at this AGM is being
		highlighted as potentially contentious. This is
		because of the continuing debate over the merits of
		the Chinalco deal announced on 12 February 2009.
		Some shareholders have raised serious concerns
		with the terms of the transaction and may feel that a
		vote against the Rio Tinto directors is an appropriate
		course of action at this stage. However, given
		that the transaction has not yet been finalised and,
		indeed, may not proceed in the manner currently
		envisaged, it is considered too early for a negative
		vote recommendation against the directors to be
		issued. That said, directors must be prepared to be
		held formally accountable for decisions they take in
		respect of the deal. Developments over the coming
		year will be monitored closely and any serious
		ongoing concerns will be taken fully into account
		when considering vote recommendations for the
		2010 AGM. [Vote Recommendation:
		CONTENTIOUS FOR]
	7	Re-elect David Mayhew as Director		For	For		Mgmt
		Vote Recommendation Exceptionally, the
		election/re-election of all directors at this AGM is
		being highlighted as potentially contentious. This is
		because of the continuing debate over the merits of
		the Chinalco deal announced on 12 February 2009.
		Some shareholders have raised serious concerns
		with the terms of the transaction and may feel that a
		vote against the Rio Tinto directors is an appropriate
		course of action at this stage. However, given
		that the transaction has not yet been finalised and,
		indeed, may not proceed in the manner currently
		envisaged, it is considered too early for a negative
		vote recommendation against the directors to be
		issued. That said, directors must be prepared to be
		held formally accountable for decisions they take in
		respect of the deal. Developments over the coming
		year will be monitored closely and any serious
		ongoing concerns will be taken fully into account
		when considering vote recommendations for the
		2010 AGM. [Vote Recommendation:
		CONTENTIOUS FOR]
	8	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors and Authorise the
Mgmt Rec - Company Management Recommended Vote								Page 123

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Audit Committee to Determine Their
		Remuneration
	9	Amend Articles of Association and		For	For		Mgmt
		Amend the Constitution of Rio Tinto
		Limited Re: Non-Executive Directors'
		Fees
		Resolutions 10 to 13 will be Voted on
		by Rio Tinto plc Shareholders Only
	10	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from GBP
		142,123,283.30 to GBP
		170,000,000.30; Authorise Issue of
		Equity with Pre-emptive Rights up to
		GBP 32,948,000 in Connection with an
		Offer by Way of Rights Issue;
		Otherwise up to GBP 32,948,000
	11	Subject to the Passing of Resolution		For	For		Mgmt
		10, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 6,420,000
	12	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		be Called on Not Less Than 14 Clear
		Days' Notice
	13	Approve Scrip Dividend Program		For	For		Mgmt
		Resolution 14 will be Voted on by
		Rio Tinto plc and Rio Tinto Limited
		Shareholder Separately
	14	Adopt New Articles of Association;		For	For		Mgmt
		Amend Articles of Association; Amend
		the Constitution of Rio Tinto Limited
04/23/09 - A	Rockwood Holdings, Inc.		774415103			03/04/09		761
	*ROC*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Nance K. Dicciani --- For
	1.2	Elect Director J. Kent Masters ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	Against		Mgmt
	4	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
05/19/09 - A	Royal Dutch Shell plc		G7690A100			None		4,511
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
Mgmt Rec - Company Management Recommended Vote								Page 124

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Approve Remuneration Report		For	Against		Mgmt
		Vote Recommendation In arriving at a voting
		decision on Royal Dutch Shell’s			2008
		remuneration report, shareholders should take into
		account a number of factors. The
		Company’s headline performance was
		strong in the year in question (although as the
		Company’s first quarter 2009 results
		suggest, a large factor for the increased profits in
		2008 was driven by increases in oil prices), in
		addition the Company has demonstrated improved
		performance in a number of key operational areas in
		recent years. That said, the Committee’s
		decision to release for vesting 50% of the
		performance shares awarded in 2006 under the
		LTIP, despite fourth placed TSR ranking compared to
		the four other global oil majors, is an area of
		considerable concern. The concern is intensified in
		the context of the global economic
		downturn. The Company provided detailed
		explanations and statistical indicators to support the
		Committee’s decision in this instance,
		including ‘outstanding’ Shell
		scorecard performance in 2006, 2007 and 2008 and
		generally median performance compared to the LTIP
		comparator group in a number of financial and
		operation areas other than TSR. After undertaking a
		thorough examination of the issues and after careful
		consideration, shareholders are advised to vote
		against the remuneration report for the following
		reasons: (i) The use of discretion occurred for
		the second consecutive year despite fourth placed
		relative TSR performance in both the 2005-07 and
		2006-08 performance periods; and (ii) The
		economic context in which the decision was taken,
		which leads to a case for considering that the
		Committee should have exercised more restraint in
		2008. Shareholders may wish to consider
		arriving at their own voting decision on this item
		based on the information contained in this report and
		the detailed explanations provided by the Company.
	3	Elect Simon Henry as Director		For	For		Mgmt
	4	Re-elect Lord Kerr of Kinlochard as		For	For		Mgmt
		Director
	5	Re-elect Wim Kok as Director		For	For		Mgmt
	6	Re-elect Nick Land as Director		For	For		Mgmt
	7	Re-elect Jorma Ollila as Director		For	For		Mgmt
	8	Re-elect Jeroen van der Veer as		For	For		Mgmt
		Director
	9	Re-elect Hans Wijers as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 125

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		LLP as Auditors of the Company
	11	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of EUR 145 Million
	13	Subject to the Previous Resolution		For	For		Mgmt
		Being Passed, Authorise Issue of
		Equity or Equity-Linked Securities
		without Pre-emptive Rights up to
		Aggregate Nominal Amount of EUR 21
		Million
	14	Authorise 624 Million Ordinary Shares		For	For		Mgmt
		for Market Purchase
	15	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Organisations
		Other than Political Parties up to GBP
		200,000 and to Incur EU Political
		Expenditure up to GBP 200,000
05/19/09 - A	Royal Dutch Shell plc		G7690A118			None		3,412
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
		Vote Recommendation In arriving at a voting
		decision on Royal Dutch Shell’s			2008
		remuneration report, shareholders should take into
		account a number of factors. The
		Company’s headline performance was
		strong in the year in question (although as the
		Company’s first quarter 2009 results
		suggest, a large factor for the increased profits in
		2008 was driven by increases in oil prices), in
		addition the Company has demonstrated improved
		performance in a number of key operational areas in
		recent years. That said, the Committee’s
		decision to release for vesting 50% of the
		performance shares awarded in 2006 under the
		LTIP, despite fourth placed TSR ranking compared to
		the four other global oil majors, is an area of
		considerable concern. The concern is intensified in
		the context of the global economic
		downturn. The Company provided detailed
		explanations and statistical indicators to support the
		Committee’s decision in this instance,
		including ‘outstanding’ Shell
		scorecard performance in 2006, 2007 and 2008 and
		generally median performance compared to the LTIP
Mgmt Rec - Company Management Recommended Vote								Page 126

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		comparator group in a number of financial and
		operation areas other than TSR. After undertaking a
		thorough examination of the issues and after careful
		consideration, shareholders are advised to vote
		against the remuneration report for the following
		reasons: (i) The use of discretion occurred for
		the second consecutive year despite fourth placed
		relative TSR performance in both the 2005-07 and
		2006-08 performance periods; and (ii) The
		economic context in which the decision was taken,
		which leads to a case for considering that the
		Committee should have exercised more restraint in
		2008. Shareholders may wish to consider
		arriving at their own voting decision on this item
		based on the information contained in this report and
		the detailed explanations provided by the Company.
	3	Elect Simon Henry as Director		For	For		Mgmt
	4	Re-elect Lord Kerr of Kinlochard as		For	For		Mgmt
		Director
	5	Re-elect Wim Kok as Director		For	For		Mgmt
	6	Re-elect Nick Land as Director		For	For		Mgmt
	7	Re-elect Jorma Ollila as Director		For	For		Mgmt
	8	Re-elect Jeroen van der Veer as		For	For		Mgmt
		Director
	9	Re-elect Hans Wijers as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of EUR 145 Million
	13	Subject to the Previous Resolution		For	For		Mgmt
		Being Passed, Authorise Issue of
		Equity or Equity-Linked Securities
		without Pre-emptive Rights up to
		Aggregate Nominal Amount of EUR 21
		Million
	14	Authorise 624 Million Ordinary Shares		For	For		Mgmt
		for Market Purchase
	15	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Organisations
		Other than Political Parties up to GBP
		200,000 and to Incur EU Political
		Expenditure up to GBP 200,000
04/22/09 - A	RWE AG		D6629K109			04/01/09		446
	1	Receive Financial Statements and		None	None		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 127

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 4.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
	6	Ratify PricewaterhouseCoopers AG for		For	For		Mgmt
		the Inspection of the 2009 Mid-Yearl
		Report
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Authorize Use of Financial Derivatives		For	For		Mgmt
		when Repurchasing Shares
	9	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 6
		Billion; Approve Creation of EUR 144
		Million Pool of Capital to Guarantee
		Conversion Rights
	10	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 6
		Billion; Approve Creation of EUR 144
		Million Pool of Capital to Guarantee
		Conversion Rights
	11	Amend Articles Re: Participation in the		For	For		Mgmt
		Annual Meeting; Chair of the Annual
		Meeting
	12	Amend Articles Re: Designation of		For	For		Mgmt
		Proxy
05/13/09 - A	Safeway Inc. *SWY*		786514208			03/16/09		4,569
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Provide for Cumulative Voting		Against	Against		ShrHoldr
	4	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Not needed; shareholders already have right to call
		special meeting and act by written consent.
	5	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
Mgmt Rec - Company Management Recommended Vote								Page 128

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Management responded meaningfully; no evidence
		that proposal it the best way to achieve appropriate
		control of excessive executive comp or that it will
		improve shareholder returns.
06/19/09 - A	SAIC Inc *SAI*		78390X101			04/20/09		2,323
	1	Elect Directors		For	For		Mgmt
	2	Approve Conversion of Securities		For	For		Mgmt
		Eliminates dual class structure; no impact to existing
		shareholders.
	3	Ratify Auditors		For	For		Mgmt
04/17/09 -	Sanofi Aventis		F5548N101			04/14/09		1,407
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 2.20 per Share
	4	Ratify Appointment of Chris Viehbacher		For	For		Mgmt
		as Director
	5	Approve Auditors' Special Report		For	Against		Mgmt
		Regarding Related-Party Transactions
		The amount of the total severance package granted
		to Gerard Le Fur represents an amount exceeding
		twice his last annual cash compensation (salary and
		bonus). As a result, this item does not merit
		support.
	6	Approve Transaction with Chris		For	Against		Mgmt
		Viehbacher Re: Severance Payments
		Because of the lack of challenging performance
		criteria, this item does not merit approval.
	7	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	8	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 1.3 Billion
	9	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 500 Million
	10	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
Mgmt Rec - Company Management Recommended Vote								Page 129

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Acquisitions
	11	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	12	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 500 Million for Bonus Issue
		or Increase in Par Value
	13	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	14	Authorize up to 2.5 Percent of Issued		For	Against		Mgmt
		Capital for Use in Stock Option Plan
		Because of the volume of shares to be granted is
		9.05 percent, which exceeds the 5-percent guideline,
		this proposal does not merit support.
	15	Authorize up to 1.0 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock Plan
		However, the lack of full disclosure on the future
		performance criteria prevents the analysis of these
		performance criteria's stringency from being
		performed. Due to this element, along with the fact
		that the volume of shares to be granted could reach
		7.64 percent, which is in excess of the 5-percent
		guideline, this proposal does not merit support.
	16	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	17	Amend Article 15 of the Bylaws Re:		For	For		Mgmt
		Audit Committee
	18	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/19/09 - A	SAP AG		D66992104			04/28/09		809
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify KPMG AG as Auditors for Fiscal		For	For		Mgmt
		2009
	6	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Amend Articles Re: Electronic Proxy		For	For		Mgmt
		Authorization due to New German
		Legislation (Law on Transposition of
Mgmt Rec - Company Management Recommended Vote								Page 130

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		EU Shareholders' Rights Directive)
04/08/09 - A	Schlumberger Ltd. *SLB*		806857108			02/18/09		2,276
	1	Elect Directors		For	For		Mgmt
	2	Adopt and Approve Financials and		For	For		Mgmt
		Dividends
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	4	Approval of Independent Registered		For	For		Mgmt
		Public Accounting Firm
04/23/09 -	Schneider Electric SA		F86921107			04/20/09		231
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 3.45 per Share
	4	Approve Auditors' Special Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Approve Transaction with Jean-Pascal		For	Against		Mgmt
		Tricoire Re: Pension Scheme and
		Severance Payment
		The severance payment could exceed twice the last
		annual remuneration (fixed and variable) received
		and the performance criteria attached are not
		stringent or measurable. Moreover, the management
		board's chairman would benefit of his stock-options
		or free shares after his removal. For all those
		reasons, a vote against this resolution is warranted.
	6	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Ratify Change of Registered Office to		For	For		Mgmt
		35, Rue Joseph Monier, 92500 Rueil
		Malmaison and Amend Article 5 of
		Bylaws Accordingly
		Special Business
	8	Update Corporate Purpose and Amend		For	For		Mgmt
		Article 2 of Bylaws Accordingly
	9	Approve Share Ownership Disclosure		For	For		Mgmt
		Threshold
	10	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 800 Million
	11	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
Mgmt Rec - Company Management Recommended Vote								Page 131

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Rights up to Aggregate Nominal
		Amount of EUR 360 Million
	12	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	13	Authorize Capital Increase for Future		For	For		Mgmt
		Exchange Offers
	14	Authorize up to 3 Percent of Issued		For	Against		Mgmt
		Capital for Use in Stock Option Plan
		Given the dilution in excess of 5-percent guideline
		(6.76 percent), and as past plans were only partly
		subject to performance criteria (or not at all for some
		plans) and that those criteria are not measurable, this
		proposal does not merit approval.
	15	Authorize up to 1 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock Plan
		Because of the absence of stringent performance
		criteria and the fact that only half of the restricted
		shares are conditioned to the achievement of those
		criteria, opposition to this proposal is warranted.
	16	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	17	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for International Employees
	18	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	19	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
		Shareholder Proposals
	A	Limit Remuneration of Supervisory		Against	Against		ShrHoldr
		Board Members at the Aggregate
		Amount of EUR 600,000
		As the current remuneration is not excessive, this
		item does not warrant a vote in favor
04/27/09 - A	Seaboard Corp. *SEB*		811543107			03/02/09		12
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Steven J. Bresky ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.2	Elect Director David A. Adamsen ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.3	Elect Director Douglas W. Baena ---
Mgmt Rec - Company Management Recommended Vote								Page 132

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.4	Elect Director Joseph E. Rodrigues ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.5	Elect Director Edward I. Shifman, Jr. ---
		For
	2	Ratify Auditors		For	For		Mgmt
	3	Reduce Authorized Common Stock		For	For		Mgmt
05/18/09 - A	Senior Housing Properties		81721M109			03/17/09		1,327
	Trust *SNH*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Jeffrey P. Somers --- For
	1.2	Elect Director Barry M. Portnoy ---
		Withhold
		Sits on 6 boards.
04/23/09 - A	Sensient Technologies Corp. 81725T100					02/27/09		430
	*SXT*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Hank Brown --- For
	1.2	Elect Director Fergus M. Clydesdale ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.3	Elect Director James A. D. Croft ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.4	Elect Director William V. Hickey --- For
	1.5	Elect Director Kenneth P. Manning ---
		For
	1.6	Elect Director Peter M. Salmon --- For
	1.7	Elect Director Elaine R. Wedral --- For
	1.8	Elect Director Essie Whitelaw ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	2	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 133

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/08/09 - A	Simon Property Group, Inc.		828806109			03/09/09		471
	*SPG*
	1	Approve Increase in Size of Board		For	Against		Mgmt
		Permits board to fix number of directors without
		shareholder approval.
	2	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
	3	Increase Authorized Common Stock		For	For		Mgmt
	4	Amend Charter to Delete Obsolete or		For	For		Mgmt
		Unnecessary Provisions
	5	Elect Directors		For	For		Mgmt
	6	Adjourn Meeting		For	Against		Mgmt
	7	Ratify Auditors		For	For		Mgmt
05/12/09 - A	Skyworks Solutions, Inc.		83088M102			03/24/09		1,489
	*SWKS*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Balakrishnan S. Iyer ---
		Withhold
		Sits on 6 boards.
	1.2	Elect Director Thomas C. Leonard ---
		For
	1.3	Elect Director Robert A. Schriesheim ---
		For
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
05/12/09 - A	Smith International, Inc. *SII*		832110100			03/13/09		1,751
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert Kelley --- For
	1.2	Elect Director Luiz Rodolfo Landim
		Machado --- Withhold
		Sits on 6 boards.
	1.3	Elect Director Doug Rock --- For
	2	Ratify Auditors		For	For		Mgmt
06/19/09 - A	Sohu.com Inc. *SOHU*		83408W103			04/17/09		365
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Charles Zhang --- For
	1.2	Elect Director Charles Huang --- For
	1.3	Elect Director Dave Qi --- For
	1.4	Elect Director Shi Wang --- Withhold
		This nominee attended less than 75% of board
		meetings during the previous two years.
Mgmt Rec - Company Management Recommended Vote								Page 134

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Ratify Auditors		For	For		Mgmt
06/19/09 - A	Sony Corp. *6758*		J76379106			03/31/09		1,179
	1	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	2	Elect Directors		For	For		Mgmt
	3	Approve Stock Option Plan		For	For		Mgmt
05/19/09 - A	Southwestern Energy Co.		845467109			03/23/09		3,716
	*SWN*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Lewis E. Epley, Jr. --- For
	1.2	Elect Director Robert L. Howard ---
		Withhold
		Comp committee member during period of poor pay
		practices (NEO change-in-control with tax-gross-ups;
		NEO are paid tax gross-ups on "all other comp" -
		$2.6m 2008.
	1.3	Elect Director Harold M. Korell --- For
	1.4	Elect Director Vello A. Kuuskraa ---
		Withhold
	1.5	Elect Director Kenneth R. Mourton ---
		Withhold
	1.6	Elect Director Charles E. Scharlau ---
		For
	2	Ratify Auditors		For	For		Mgmt
05/19/09 - A	StatoilHydro ASA (formerly		R8412T102			None		1,669
	Statoil ASA)
	1	Open Meeting		None	None		Mgmt
	2	Elect Olaug Svarva as Chairman of		For	For		Mgmt
		Meeting
	3	Approve Notice of Meeting and Agenda		For	For		Mgmt
	4	Registration of Attending Shareholders		None	None		Mgmt
		and Proxies
	5	Designate Inspectors of Minutes of		For	For		Mgmt
		Meeting
	6	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports; Approve Allocation
		of Income and Dividends of NOK 7.25
		per Share (NOK 4.40 as Ordinary
		Dividend and NOK 2.85 as Special
		Dividend)
	7	Approve Remuneration of Auditors		For	For		Mgmt
	8	Elect One Deputy Member of Corporate		For	Against		Mgmt
		Assembly
		Conclusion While the company's board of
Mgmt Rec - Company Management Recommended Vote								Page 135

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		directors meets guidelines regarding independence,
		the omission of the name of the nominee for the
		corporate assembly makes it impossible to make an
		informed decision in this matter, which warrants a
		vote against this resolution.
	9	Approve Remuneration Policy And		For	Against		Mgmt
		Other Terms of Employment For
		Executive Management
		Conclusion The company's overall
		remuneration policy appears to be well structured,
		with bonus to the CEO capped at 25 percent of
		salary, and severance terms limited to 24 months
		salary. However, as members of the executive group
		would, in essence, be granted free shares without
		any performance criteria attached other than a lock-
		up period under the LTI proposal, and due certain
		features of the ESPP in which they may participate,
		this item does not warrant approval.
	10	Authorize Repurchase and Reissuance		For	Against		Mgmt
		of Shares up to NOK 15 Million
		Aggregate Par Value for Share Saving
		Scheme for Employees
		Conclusion For share-matching plans without
		performance criteria, the initial investment in shares
		must be made at market price. Because the initial
		shares in the 1:1 share matching program may be
		purchased at a discount, this proposal does not merit
		approval.
	11	Change Company Name to Statoil		For	For		Mgmt
		ASA; Amend Corporate Purpose:
		Include Other Forms of Energy
		Shareholder Proposals
	12	Withdraw Company From Tar Sands		Against	Against		ShrHoldr
		Activities in Canada
		Conclusion Increased disclosure on operations
		in sensitive environmental regions is most often
		warranted, especially in circumstances where there
		has been some controversy over the use of
		resources in the region and if the company
		operations may be materially impacted, which may
		appear to be the case at StatoilHydro. The
		company appears to significantly address the issues
		and risks facing its expansion of its oil sands
		operations in Canada. In light of the shifting price of
		energy resources, pending regulation, increasing
		concerns over scarcity of water, and increased
		potential of environmental degradation as a result of
		oil sands operations, the company appears to be
		taking a proactive approach regarding its
		sustainability reporting. In this case, the
Mgmt Rec - Company Management Recommended Vote								Page 136

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		resolution requests that the company withdraw from
		tar sands operations in Canada. Although, further
		disclosure could be beneficial for the company and
		its shareholders by demonstrating the
		company’s active commitment to mitigate
		financial, reputational, environmental, and regulatory
		risk relating to its current and future tar sands
		operations, the request may be overly burdensome
		and/or costly to produce. It may not be necessarily
		beneficial to shareholders for the company to commit
		to discontinue operating in certain areas, such as the
		Canadian tar sands. Particularly with respect to
		discontinuing such tar sands operations, adopting a
		policy to withdraw could limit the company’s
		ability to take advantage of opportunities that would
		benefit the company and its shareholders. As such, a
		vote against this proposal is warranted.
04/28/09 - A	Strayer Education, Inc.		863236105			03/05/09		167
	*STRA*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert S. Silberman ---
		For
	1.2	Elect Director Dr. Charlotte F. Beason -
		-- For
	1.3	Elect Director William E. Brock --- For
	1.4	Elect Director David A. Coulter --- For
	1.5	Elect Director Robert R. Grusky --- For
	1.6	Elect Director Robert L. Johnson ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.7	Elect Director Todd A. Milano ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.8	Elect Director G. Thomas Waite, III ---
		For
	1.9	Elect Director J. David Wargo ---
		Against
		Comp committee member during period of poor pay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
Mgmt Rec - Company Management Recommended Vote								Page 137

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/26/09 - A	SUMITOMO MITSUI		J7771X109			03/31/09		202
	FINANCIAL GROUP INC.
	*8316*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 20 for Ordinary
		Shares
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Authorize Public
		Announcements in Electronic Format -
		Clarify Terms of Alternate Statutory
		Auditors
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Statutory Auditor		For	For		Mgmt
	4.2	Appoint Statutory Auditor		For	For		Mgmt
	4.3	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	4.4	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	5	Appoint Alternate Statutory Auditor		For	For		Mgmt
	6	Approve Retirement Bonus Payment		For	Against		Mgmt
		for Directors and Statutory Auditors
		As the payment of retirement bonuses to
		outsiders is a highly inappropriate practice anywhere,
		not just in Japan, this proposal does not merit
		approval.
05/29/09 - A	Superior Industries		868168105			04/03/09		1,425
	International, Inc. *SUP*
	1	Elect Directors		For	For		Mgmt
	2	Approve Decrease in Size of Board		For	For		Mgmt
		Changes to 5-9 range From 9 - 15 range and sets at
		8 (current number); reduces expenses and does not
		appear to be motived by entrenchment.
	3	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
Mgmt Rec - Company Management Recommended Vote								Page 138

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/12/09 - A	SVB FINANCIAL GROUP		78486Q101			03/24/09		359
	*SIVB*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Eric A. Benhamou --- For
	1.2	Elect Director David M. Clapper --- For
	1.3	Elect Director Roger F. Dunbar --- For
	1.4	Elect Director Joel P. Friedman --- For
	1.5	Elect Director G. Felda Hardymon ---
		For
	1.6	Elect Director Alex W. 'Pete' Hart ---
		For
		Comp committee member during period of poor pay
		practices.
	1.7	Elect Director C. Richard Kramlich ---
		For
		Comp committee member during period of poor pay
		practices.
	1.8	Elect Director Lata Krishnan --- For
	1.9	Elect Director James R. Porter ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.10	Elect Director Michaela K. Rodeno ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.11	Elect Director Ken P. Wilcox --- For
	1.12	Elect Director Kyung H. Yoon ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officer's Compensation
		NEO change-in-control with tax gross-ups;
		severance 3X annual base, bonus.
04/14/09 - A	Sybase, Inc. *SY*		871130100			02/27/09		968
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director John S. Chen --- For
	1.2	Elect Director Richard C. Alberding ---
		Withhold
		Comp committee member responsible for single
		trigger change-in-control contracts with tax gross-
Mgmt Rec - Company Management Recommended Vote								Page 139

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		ups.
	1.3	Elect Director Michael A. Daniels ---
		Withhold
		Comp committee member responsible for single
		trigger change-in-control contracts with tax gross-
		ups.
	1.4	Elect Director Alan B. Salisbury ---
		Withhold
		Comp committee member responsible for single
		trigger change-in-control contracts with tax gross-
		ups.
	1.5	Elect Director Jack E. Sum --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
04/08/09 - A	T. Rowe Price Group, Inc.		74144T108			02/06/09		2,233
	*TROW*
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Edward C. Bernard ---
		For
	1.2	Elect Director James T. Brady --- For
	1.3	Elect Director J. Alfred Broaddus, Jr. ---
		For
	1.4	Elect Director Donald B. Hebb, Jr. ---
		For
	1.5	Elect Director James A.C. Kennedy ---
		For
	1.6	Elect Director Brian C. Rogers --- For
	1.7	Elect Director Alfred Sommer --- For
	1.8	Elect Director Dwight S. Taylor --- For
	1.9	Elect Director Anne Marie Whittemore -
		-- For
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 140

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/25/09 - A	Takeda Pharmaceutical Co.		J8129E108			03/31/09		902
	Ltd. *4502*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 92
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and
		the strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	4.2	Appoint Statutory Auditor		For	For		Mgmt
	5	Approve Annual Bonus Payment to		For	For		Mgmt
		Directors
05/28/09 -	Target Corporation *TGT*		87612E106			03/30/09		1,662
PC
		Management Proxy (White Card)
	1	Fix Number of Directors at 12		For	None		Mgmt
	2	Elect Director Mary N. Dillon		For	None		Mgmt
	3	Elect Director Richard M. Kovacevich		For	None		Mgmt
	4	Elect Director George W. Tamke		For	None		Mgmt
	5	Elect Director Solomon D. Trujillo		For	None		Mgmt
	6	Ratify Auditors		For	None		Mgmt
	7	Amend Omnibus Stock Plan		For	None		Mgmt
	8	Advisory Vote to Ratify Named		Against	None		ShrHoldr
		Executive Officers' Compensation
		Dissident Proxy (Gold Card)
	1	Fix Number of Directors at 12		Against	For		Mgmt
		Increases likelihood that Jim Donald will be the one
		dissident nominee elected to the board.
	2.1	Elect Director William A. Ackman		For	Withhold		ShrHoldr
	2.2	Elect Director Michael L. Ashner		For	Withhold		ShrHoldr
	2.3	Elect Director James L. Donald		For	For		ShrHoldr
		Per TBCAM analyst: I think he would be a great
		addition due to previous supermarket experience. As
		TGT tries to grow its grocery business from the
		current 15-20% he would be instrumental in
		developing assortments and new distribution
		networks for the additional perishable products.
	2.4	Elect Director Richard W. Vague		For	Withhold		ShrHoldr
	3	Elect Director Ronald J. Gilson		For	Against		ShrHoldr
		WITHHOLD from this nominee cannot be processed
		by Broadridge per Meghan Orifici 5/26/09.
Mgmt Rec - Company Management Recommended Vote								Page 141

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Ratify Auditors		For	For		Mgmt
	5	Amend Omnibus Stock Plan		For	For		Mgmt
	6	Advisory Vote to Ratify Named		Abstain	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
05/19/09 - A	Texas Capital Bancshares		88224Q107			03/31/09		1,594
	Inc *TCBI*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Directors George F. Jones, Jr. ---
		For
	1.2	Elect Directors Peter B. Bartholow ---
		For
	1.3	Elect Directors Joseph M. (Jody) Grant
		--- For
	1.4	Elect Directors Frederick B. Hegi, Jr. ---
		Withhold
		Comp committee member during period of poor pay
		practices; NEO change-in-control with tax gross-ups;
		unusually long and complex comp arrangement for
		former CEO with demonstration of benefit to company
		or shareholders.
	1.5	Elect Directors Larry L. Helm --- For
	1.6	Elect Directors James R. Holland, Jr. ---
		For
	1.7	Elect Directors W. W. McAllister III ---
		For
	1.8	Elect Directors Lee Roy Mitchell ---
		Withhold
		Comp committee member during period of poor pay
		praxtices; NEO change-in-control with tax gross-ups;
		unusually long and complex comp arrangement for
		former CEO with demonstration of benefit to company
		or shareholders.
	1.9	Elect Directors Steven P. Rosenberg ---
		Withhold
		Comp committee member during period of poor pay
		praxtices; NEO change-in-control with tax gross-ups;
		unusually long and complex comp arrangement for
		former CEO with demonstration of benefit to company
		or shareholders.
	1.10	Elect Directors Robert W. Stallings ---
		For
	1.11	Elect Directors Ian J. Turpin --- For
	2	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
Mgmt Rec - Company Management Recommended Vote								Page 142

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		NEO change-in-control with tax gross-ups; unusually
		long and complex comp arrangement for former
		CEO with demonstration of benefit to company or
		shareholders.
04/14/09 - A	The Bank Of New York		064058100			02/13/09		2,230
	Mellon Corp. *BK*
	1	Elect Directors		For	For		Mgmt
	2	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
	3	Ratify Auditors		For	For		Mgmt
	4	Provide for Cumulative Voting		Against	For		ShrHoldr
	5	Stock Retention/Holding Period		Against	For		ShrHoldr
04/27/09 - A	The Boeing Co. *BA*		097023105			02/27/09		1,479
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	Against		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Provide for Cumulative Voting		Against	Against		ShrHoldr
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior proposals supported by PPC.
	6	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Mgmt responded meaningfully; no evidence of non-
		compliance with current law or that proposal will
		result in improved shareholder returns.
	7	Report on Foreign Military Sales		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence of non-
		compliance with current law or that proposal will
		result in improved shareholder returns.
	8	Require Independent Lead Director		Against	Against		ShrHoldr
		Lead director in place.
	9	Restrict Severance Agreements		Against	Against		ShrHoldr
		(Change-in-Control)
	10	Report on Political Contributions		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence of non-
		compliance with current law or that proposal will
		result in improved shareholder returns.
05/14/09 - A	The Charles Schwab Corp.		808513105			03/16/09		2,092
	*SCHW*
	1	Elect Directors		For	For		Mgmt
	2	Report on Political Contributions		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 143

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board member when poison pill was adopted without
		shareholder vote (no qualified offer clause or sunset
		provision).
	3	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
		Management responded meaningfully; no evidence
		that proposal will accomplish appropriate executive
		compensation controls with industry parameters or
		will improve shareholder returns.
	4	Amend Corporate Executive Bonus		Against	Against		ShrHoldr
		Plan
		Management responded meaningfully; no evidence
		that proposal will accomplish appropriate executive
		compensation controls with industry parameters or
		will improve shareholder returns.
04/22/09 - A	The Coca-Cola Company		191216100			02/23/09		4,579
	*KO*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Herbert A. Allen --- For
	1.2	Elect Director Ronald W. Allen ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.3	Elect Director Cathleen P. Black ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.4	Elect Director Barry Diller --- For
	1.5	Elect Director Alexis M. Herman ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.6	Elect Director Muhtar Kent --- For
	1.7	Elect Director Donald R. Keough --- For
	1.8	Elect Director Maria Elena Lagomsino -
		-- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.9	Elect Director Donald F. McHenry ---
		For
	1.10	Elect Director Sam Nunn --- For
	1.11	Elect Director James D. Robinson III ---
Mgmt Rec - Company Management Recommended Vote								Page 144

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.12	Elect Director Peter V. Ueberroth ---
		For
	1.13	Elect Director Jacob Wallenberg ---
		Against
		Sits on 6 public boards.
	1.14	Elect Director James B. Williams --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Same non-binding advisory proposal previously
		supported by PPC.
	4	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	5	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
		Committee on Human Rights
		Mgmt responded meaningfully; no evidence that
		company is not in compliance with current law or that
		proposal would improve shareholder returns or
		management’s record on covered issues.
	6	Performance-Based Awards		Against	Against		ShrHoldr
		Company already substantially performing as
		proposal requests.
06/02/09 - A	The DirecTV Group, Inc		25459L106			04/03/09		2,128
	*DTV*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	4	Declassify the Board of Directors		Against	For		ShrHoldr
05/14/09 - A	The Dow Chemical Company 260543103					03/16/09		1,960
	*DOW*
	1	Elect Director Arnold A. Allemang		For	For		Mgmt
	2	Elect Director Jacqueline K. Barton		For	For		Mgmt
	3	Elect Director James A. Bell		For	For		Mgmt
	4	Elect Director Jeff M. Fettig		For	For		Mgmt
	5	Elect Director Barbara H. Franklin		For	For		Mgmt
	6	Elect Director John B. Hess		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 145

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	7	Elect Director Andrew N. Liveris		For	For		Mgmt
	8	Elect Director Geoffery E. Merszei		For	For		Mgmt
	9	Elect Director Dennis H. Reilley		For	For		Mgmt
	10	Elect Director James M. Ringler		For	Against		Mgmt
		Sits on 6 boards.
	11	Elect Director Ruth G. Shaw		For	For		Mgmt
	12	Elect Director Paul G. Stern		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Restore or Provide for Cumulative		Against	Against		ShrHoldr
		Voting
	15	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholders currently have right to call special
		meeting (50%)
	16	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Overly restictive and not the best way to bring about
		appropriate executive compensation controls.
	17	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	18	Report on Environmental Remediation		Against	Against		ShrHoldr
		in Midland Area
		Management responded meaningfully; company
		appears to be dealing with environmental issues with
		the legal, scientific and technical means available;
		ample public disclosure is available; waters are pretty
		muddy in this evolving area of law and practice.
05/08/09 - A	The Goldman Sachs Group,		38141G104			03/09/09		727
	Inc. *GS*
	1	Elect Director Lloyd C. Blankfein		For	For		Mgmt
	2	Elect Director John H. Bryan		For	For		Mgmt
	3	Elect Director Gary D. Cohn		For	For		Mgmt
	4	Elect Director Claes Dahlback		For	For		Mgmt
	5	Elect Director Stephen Friedman		For	For		Mgmt
	6	Elect Director William W. George		For	For		Mgmt
	7	Elect Director Rajat K. Gupta		For	Against		Mgmt
		Sits on 6 public boards and 12 non-public boards.
	8	Elect Director James A. Johnson		For	For		Mgmt
	9	Elect Director Lois D. Juliber		For	For		Mgmt
	10	Elect Director Lakshmi N. Mittal		For	For		Mgmt
	11	Elect Director James J. Schiro		For	For		Mgmt
	12	Elect Director Ruth J. Simmons		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices; Shareholder
Mgmt Rec - Company Management Recommended Vote								Page 146

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Returns 1 yr% 3 yr% 5 yr%: Company -64.82 -14.40
		-3.01, S&P 500 -36.99 -8.36 -2.19, GICS peers -
		52.27 -20.28 -8.50; CEO Total Comp $53.5 mil
		‘08, $59.8 ‘07, Median Peer $22.6
		‘08.
	15	Provide for Cumulative Voting		Against	Against		ShrHoldr
		Standing policy.
	16	Reduce Supermajority Vote		Against	For		ShrHoldr
		Requirement
		Standing policy.
	17	Amend By-Laws to Establish Board		Against	Against		ShrHoldr
		U.S. Economic Security Committee
		Overreaching, binding shareholder proposal lacking
		in evidence that it will improve shareholder returns or
		is the appropriate vehicle to accomplish proponents
		objectives.
	18	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/03/09 - A	The Royal Bank of Scotland		G76891111			None		8,469
	Group plc
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Abstain		Mgmt
		Conclusion and Vote Recommendation In
		arriving at their voting decision, shareholders should
		take note of the Company’s remuneration
		practices during the year, including the award of
		significant salary increases, the use of vesting scales
		that rise above the size of the initial award, one-off
		on-appointment awards without performance criteria,
		and the use of actuarial waivers under the
		Company’s pension scheme in line with
		their contractual obligation. It is also noted that
		much of the disgressions in terms of remuneration
		good practice lie in the past with the involved
		directors having stepped down from the Board,
		including the former Chairman of the Remuneration
		Committee. Shareholders should also take into
		account the Company’s remuneration policy
		going forward, which is generally in line with best
		practice guidelines - albeit no doubt in great part due
		to HM Treasury’s influence. There have
		been a number of positive steps made in respect of
		better alignment of the Company’s
Mgmt Rec - Company Management Recommended Vote								Page 147

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		remuneration policy with current good practice,
		including: - No bonus awards for Executive
		Directors for the 2008 financial year; - No basic
		salary increase in 2009; - Annual incentives for
		2009 will be deferred for up to three years with
		potential clawback; - No further payments will be
		made under the Profit Sharing Scheme for 2009
		onwards; - Long-term incentive awards will be
		made at lower levels compared to 2008; - The
		provision for an undiscounted pension on early
		retirement at employer request will not apply to any
		Executive Director appointed in the
		future. However, given the Company’s
		recent performance - resulting in its ultimate need for
		Government funding - shareholders may be reticent
		to approve the Company’s past
		remuneration practices, despite the marked
		improvements made since the UKFI’s
		involvement. As identified above, there also remain
		some on-going elements of remuneration practices
		which may be considered negative and which will
		continued to be monitored closely. Given this
		combination of factors, shareholders are
		recommended to abstain on the approval of the
		remuneration report at this time, although support
		may be appropriate in future years (given current
		information). For those shareholders who have a
		fiduciary responsibility to vote either in favour or
		against and who do not recognise an abstention as
		valid option, we recommend that they approve this
		resolution.
	3	Elect Philip Hampton as Director		For	For		Mgmt
	4	Elect Stephen Hester as Director		For	For		Mgmt
	5	Elect John McFarlane as Director		For	For		Mgmt
	6	Elect Arthur Ryan as Director		For	For		Mgmt
	7	Reappoint Deloitte LLP as Auditors of		For	For		Mgmt
		the Company
	8	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	9	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital by GBP
		7,500,000,000
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 3,288,000,408 (Rights
		Issue); Otherwise up to GBP
		3,288,000,408
	11	Subject to the Passing of the Preceding		For	For		Mgmt
		Resolution, Authorise Issue of Equity or
		Equity-Linked Securities without Pre-
Mgmt Rec - Company Management Recommended Vote								Page 148

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		emptive Rights up to Aggregate
		Nominal Amount of GBP 493,200,061
	12	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
04/03/09 - S	The Royal Bank of Scotland		G76891111			None		8,469
	Group plc
	1	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital by
		16,909,716,385 New Ordinary Shares
		of 25 Pence Each; Authorise Issue of
		Equity with Pre-emptive Rights up to
		GBP 4,227,429,096.25 (Placing and
		Open Offer)
	2	Approve the Placing and Open Offer;		For	For		Mgmt
		Approve the Preference Share
		Redemption
	3	Amend Articles of Association Re:		For	For		Mgmt
		Preference Share Redemption
	4	Subject to and Conditional Upon the		For	For		Mgmt
		Passing of Resolution 1, Authorise
		Issue of Equity or Equity-Linked
		Securities without Pre-emptive Rights
		up to Aggregate Nominal Amount of
		GBP 4,227,429,096.25 (Placing and
		Open Offer)
05/13/09 - A	The Western Union Company		959802109			03/16/09		1,429
	*WU*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	Thermo Fisher Scientific Inc.		883556102			03/27/09		806
	*TMO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/08/09 - A	TIBCO Software, Inc. *TIBX*		88632Q103			02/09/09		652
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Vivek Y. Ranadive --- For
	1.2	Elect Director Eric C.W. Dunn --- For
	1.3	Elect Director Narendra K. Gupta ---
		For
Mgmt Rec - Company Management Recommended Vote								Page 149

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.4	Elect Director Peter J. Job --- For
	1.5	Elect Director Philip K. Wood --- For
	2.	Ratify Auditors		For	For		Mgmt
06/03/09 - A	Time Warner Cable Inc.		88732J207			04/08/09		586
	*TWC*
	1	Elect Director Carole Black		For	For		Mgmt
	2	Elect Director Glenn A. Britt		For	For		Mgmt
	3	Elect Director Thomas H. Castro		For	For		Mgmt
	4	Elect Director David C. Chang		For	For		Mgmt
	5	Elect Director James E. Copeland, Jr.		For	For		Mgmt
	6	Elect Director Peter R. Haje		For	For		Mgmt
	7	Elect Director Donna A. James		For	For		Mgmt
	8	Elect Director Don Logan		For	For		Mgmt
	9	Elect Director N.J. Nicholas, Jr.		For	For		Mgmt
	10	Elect Director Wayne H. Pace		For	For		Mgmt
	11	Elect Director Edward D. Shirley		For	For		Mgmt
	12	Elect Director John E. Sununu		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
05/28/09 - A	Time Warner Inc *TWX*		887317303			04/03/09		2,335
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Herbert M. Allison, Jr. ---
		For
	1.2	Elect Director James L. Barksdale ---
		For
	1.3	Elect Director Jeffrey L. Bewkes --- For
	1.4	Elect Director Stephen F. Bollenbach --
		- For
	1.5	Elect Director Frank J. Caufield ---
		Against
		Comp committee member during period of poor pay
		practices. Excessing perks for retired CEO.
	1.6	Elect Director Robert C. Clark --- For
	1.7	Elect Director Mathias Dopfner ---
		Against
		Comp committee member during period of poor pay
		practices. Excessing perks for retired CEO.
	1.8	Elect Director Jessica P. Einhorn --- For
	1.9	Elect Director Michael A. Miles ---
		Against
		Comp committee member during period of poor pay
Mgmt Rec - Company Management Recommended Vote								Page 150

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		practices. Excessing perks for retired CEO.
	1.10	Elect Director Kenneth J. Novack ---
		For
	1.11	Elect Director Deborah C. Wright ---
		Against
		Comp committee member during period of poor pay
		practices. Excessing perks for retired CEO.
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Provide for Cumulative Voting		Against	Against		ShrHoldr
	5	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholder currently have right to call special
		meeting (25%).
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
06/24/09 - A	Toshiba Corp. *6502*		J89752117			03/31/09		3,000
		Management Proposals
	1	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	2	Elect Directors		For	Split		Mgmt
	2.1	Elect Director Atsutoshi Nishida --- For
	2.2	Elect Director Masashi Muromachi ---
		For
	2.3	Elect Director Norio Sasaki --- For
	2.4	Elect Director Fumio Muraoka --- For
	2.5	Elect Director Masao Namiki --- For
	2.6	Elect Director Kazuo Tanigawa --- For
	2.7	Elect Director Shigeo Koguchi --- For
	2.8	Elect Director Kiichiro Furusawa ---
		Against
	2.9	Elect Director Hiroshi Hirabayashi ---
		For
	2.10	Elect Director Takeshi Sasaki --- For
	2.11	Elect Director Ichiro Tai --- For
	2.12	Elect Director Yoshihiro Maeda --- For
	2.13	Elect Director Hiroshi Horioka --- For
	2.14	Elect Director Takeo Kosugi --- For
	3	Approve Takeover Defense Plan		For	Against		Mgmt
		(Poison Pill)
		The most effective defense against a hostile takeover
		is always for a company to increase its valuation.
		Because we believe that voting down the takeover
		defense will help to keep up pressure on Toshiba
Mgmt Rec - Company Management Recommended Vote								Page 151

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		management to continue to increase value, we
		recommend a vote against this resolution.
		Shareholder Proposals
	4	Amend Articles to Incorporate an Essay		Against	Against		ShrHoldr
		Calling for Greater Disclosure on Past
		Incidents
		This is apparently a case of a whistleblower who
		feels he was mistreated by the company, and is
		determined to pursue his personal dispute with the
		company as far as possible. The statement, which is
		more an accusatory essay than a statement of policy
		appropriate to articles of association, appears to us
		an abuse of shareholder rights to create a soapbox
		from which to harass management in the context of
		an obviously emotional dispute. We do not believe
		that turning the annual shareholder meeting into a
		forum for the airing of grievances will benefit portfolio
		investors in the company. Moreover, we regard
		disclosure judgments in specific matters such as
		those referenced here as appropriate to be
		determined by management with board oversight,
		until and unless clearer evidence emerges that
		management or the board is not acting in the best
		interests of shareholders. We recommend a vote
		against this proposal.
	5	Amend Articles to Deem Non-Votes as		Against	Against		ShrHoldr
		Votes AGAINST Meeting Agenda Items
		Because the proponent's proposed change would
		replace one tallying distortion with another, we
		cannot support this item.
	6	Amend Articles to Require Disclosure		Against	Against		ShrHoldr
		of Punitive Action Against Directors and
		Officers
		While this item starts with a clearer initial expression
		of the proposed change than the rambling essay in
		Item 4, the total statement develops into an essay
		quite similar to the one proposed in Item 4. The
		lengthy statement appears to us an abuse of
		shareholder rights to create a soapbox from which to
		harass management in the context of an obviously
		emotional dispute. We do not believe that turning the
		annual shareholder meeting into a forum for the
		airing of grievances will benefit portfolio investors in
		the company. Moreover, we regard disclosure
		judgments in specific matters such as those
		referenced here as appropriate to be determined by
		management with board oversight, until and unless
		clearer evidence emerges that management or the
		board is not acting in the best interests of
		shareholders. We recommend a vote against this
Mgmt Rec - Company Management Recommended Vote								Page 152

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		proposal.
	7	Amend Articles to Require Disclosure		Against	Against		ShrHoldr
		of Truth Behind Fraudulent Billing of
		NEDO
		The proponent has not provided sufficient evidence
		for shareholders to suspect ongoing fraud, or the
		coverup of the sort of systematic or organized
		embezzlement that would seriously call into question
		the board's fitness to oversee the company. The
		matter does not appear serious enough, or to have
		enough continuing relevance, to justify the disclosure
		sought. We recommend a vote against this
		amendment.
	8	Amend Articles to Require Disclosure		Against	Against		ShrHoldr
		of Individual Historical Compensation
		for Directors and Officers
		We recommend votes against this amendment.
	9	Amend Articles to Require Disclosure		Against	Against		ShrHoldr
		of Individual Historical Compensation
		for Outside Advisors
		It is inherently hard for RMG or for shareholders
		generally to judge whether Toshiba is abusing
		advisor contracts to provide an improper retirement
		benefit, but we are inclined to trust the board to raise
		such issues on shareholders behalf, until and unless
		clear evidence emerges of dereliction. Toshiba is one
		of a minority of firms whose board includes
		nomination, audit and compensation committees
		each with a non-executive majority. The
		compensation committee and arguably the audit
		committee have responsibility for this sort of
		oversight, and we do not see evidence that they are
		not attentive to this concern. Also, as in the
		preceding item, we are leery of reporting
		requirements that risk effectively subjecting such
		detailed decisions improperly to shareholder
		referendum. RMG recommends opposing this item.
	10	Amend Articles to Require Disclosure		Against	Against		ShrHoldr
		Concerning Former Public Officials
		Employed by Toshiba
		It is common for large Japanese companies,
		especially financial institutions and companies
		involved in public works contracting, to employ
		former officials of the national government and local
		governments in an advisory capacity, or even to
		incorporate them into senior management. The
		practice is known as "amakudari" (literally "descent
		from heaven"). While the practice has been criticized
		for fostering lax regulation, it would be an
Mgmt Rec - Company Management Recommended Vote								Page 153

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		exaggeration to say that such employment is always
		problematic. The proponent does not claim that the
		hiring of former officials was the cause of the
		overbilling incident discussed above (e.g. Item 4) or
		tie it to other specific instances of malfeasance. We
		do not believe that an article amendment mandating
		disclosure of amakudari going back an indefinite
		number years would enhance shareholder value at
		Toshiba going forward.
	11	Amend Articles to Create a Committee		Against	Against		ShrHoldr
		to Investigate and Prevent Recurrence
		of Wrongdoing
		The proponent has not provided sufficient evidence
		to suspect ongoing fraud, or the coverup of the sort
		of systematic or organized embezzlement that would
		seriously call into question the board's fitness to
		oversee the company. The allegations do not appear
		serious enough, or to have enough continuing
		relevance, to justify setting up a committee that
		would be charged with revisiting business that the
		board claims it has addressed and continues to
		monitor in an appropriate manner. We recommend a
		vote against this item.
	12	Amend Articles to Ban Investment in		Against	Against		ShrHoldr
		Semiconductor Manufacturing
		While Toshiba is certainly facing a tough market
		environment with sector-wide weak demand, the
		proponent has not provided sufficient evidence that
		the board cannot be trusted to oversee
		management's strategic decisions. Moreover, even if
		we were convinced that the board was not competent
		in this area, the solution would lie in changes to the
		board rather than inflexible rules such as the one
		proposed here. We recommend a vote against this
		item.
	13	Amend Articles to Pay Temporary		Against	Against		ShrHoldr
		Workers No Less than Employees
		Pay levels for temporary workers are typically lower
		than for permanent employees for various reasons,
		in Japan as elsewhere, including the fact that
		temporary workers typically lack the experience and
		familiarity with the job offered by permanent
		employees. The proponent does not argue that the
		firm has violated any laws or regulations in hiring
		temporary workers, and we do not agree that their
		use at a lower pay rate than permanent employees is
		inherently unethical or exploitative. On the contrary,
		paying much more than the locally prevailing rate for
		temporary workers would both waste shareholder
		resources and pose challenges of how to choose
Mgmt Rec - Company Management Recommended Vote								Page 154

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		among temp agencies or individual applicants who
		would clamor for temporary assignments, especially
		in the current economic environment. To the extent
		that poor pay and benefits for temporary workers are
		seen as a societal problem in Japan, the issues
		would seem to be more appropriately addressed by
		the Ministry of Health, Labor and Welfare than by any
		particular corporation.
05/15/09 -	Total SA		F92124100			05/12/09		2,568
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 2.28 per Share
	4	Approve Special Auditors' Report		For	For		Mgmt
		Presenting Ongoing Related-Party
		Transactions
	5	Approve Transaction with Thierry		For	For		Mgmt
		Desmarest
	6	Approve Transaction with Christophe		For	Against		Mgmt
		de Margerie
		Of the three criteria, only two need be achieved for
		de Margerie to receive the payment proposed under
		this item. The two performance conditions which
		have been met this year, and have been easily
		achieved by de Margerie over each of the last two
		years, are not sufficiently challenging. Because of the
		lack of challenging performance criteria, this item
		does not merit approval.
	7	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	8	Reelect Anne Lauvergeon as Director		For	Against		Mgmt
		For this market, if the proposed board does not
		consist of a majority of independent directors, the
		election or reelection of any non-independent director
		(except the CEO) is not warranted. At Total, if
		all the elections proposed at this general meeting
		were approved, only 47 percent of the board of
		directors would be independent. Therefore, the
		elections of the non-independent directors, Anne
		Lauvergeon, Daniel Bouton, and Michel Pebereau,
		do not merit approval. However, the elections of
		independent directors, Bertrand Collomb and Patrick
		Artus, as well as the CEO, Christophe de Margerie,
		warrant support. Michel Pebereau is considered
Mgmt Rec - Company Management Recommended Vote								Page 155

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		an executive of BNP Paribas, as he was entitled to
		receive a salary, a bonus, and share-based plan
		awards in line with highest paid executives of the
		company in fiscal year 2008 (Source: BNP Paribas
		2008 Annual Report, p.237). Moreover, he serves on
		the board of six other listed companies, namely: BNP
		Paribas, Lafarge, Saint Gobain, EADS, Pargesa
		Holding, EADS, and AXA. Hence, as he is an
		executive corporate officer who holds more than
		three directorships in listed companies outside the
		group, Pebreau's reelection does not warrant
		support.
	9	Reelect Daniel Bouton as Director		For	Against		Mgmt
	10	Reelect Bertrand Collomb as Director		For	For		Mgmt
	11	Reelect Christophe de Margerie as		For	For		Mgmt
		Director
	12	Reelect Michel Pebereau as Director		For	Against		Mgmt
	13	Electe Patrick Artus as Director		For	For		Mgmt
		Special Business
	14	Amend Article 12 of Bylaws Re: Age		For	For		Mgmt
		Limit for Chairman
		Shareholder Proposals
	A	Amend Article 19 of Bylaws Re:		Against	Against		ShrHoldr
		Disclosure of Individual Stock Plans
		As this proposal would not provide a higher level of
		disclosure with regard to the grant of stock options
		and free shares to corporate officers, this resolution
		warrants opposition.
	B	Amend Article 11 of Bylaws Re:		Against	Against		ShrHoldr
		Nomination of Employees Shareholders
		Representative to the Board of
		Directors
		RMG Conclusion As this amendment would
		provide a restrictive process to designate candidates
		for the position of employee shareholders board
		representative and because the positive aspects of
		this process could not be clearly determined, this
		proposal warrants opposition.
	C	Approve Restricted Stock Plan to All		Against	Against		ShrHoldr
		Employees
		Given the absence of information on performance
		criteria, this proposal warrants opposition.
06/23/09 - A	Toyota Motor Corp. *7203*		J92676113			03/31/09		2,924
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 35
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Authorize Public
Mgmt Rec - Company Management Recommended Vote								Page 156

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Announcements in Electronic Format
	3	Elect Directors		For	For		Mgmt
	4	Approve Stock Option Plan		For	For		Mgmt
05/13/09 - A	Tupperware Brands Corp.		899896104			03/16/09		655
	*TUP*
	1	Elect Director Kriss Cloninger III		For	For		Mgmt
	2	Elect Director Joe R. Lee		For	For		Mgmt
	3	Elect Director Bob Marbut		For	For		Mgmt
	4	Elect Director David R. Parker		For	For		Mgmt
	5	Elect Director J. Patrick Spainhour		For	For		Mgmt
	6	Ratify Auditors		For	For		Mgmt
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
06/04/09 - A	TW Telecom, Inc. *TWTC*		87311L104			04/06/09		1,915
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Gregory J. Attorri --- For
	1.2	Elect Director Spencer B. Hays --- For
	1.3	Elect Director Larissa L. Herda --- For
	1.4	Elect Director Kevin W. Mooney ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO single trigger change-in-control.
	1.5	Elect Director Kirby G. Pickle ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO single trigger change-in-control.
	1.6	Elect Director Roscoe C. Young, II ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO single trigger change-in-control.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Adopt Shareholder Rights Plan (Poison		For	For		Mgmt
		Pill)
		NOL pill to preserve carry-over value in $1.1 bil in
		pre-tax losses. The NOLs will begin to expire at
		various times beginning in 2019 and ending in 2026.
		On a comparative level, as of Feb. 28, 2009, the
		company s market capitalization was approximately
		$1.2 billion
	5	Advisory Vote to Ratify Director's and		Against	For		ShrHoldr
		Officer's Compensation
Mgmt Rec - Company Management Recommended Vote								Page 157

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/22/09 - A	Tyco Electronics Ltd. *TEL*		G9144P105			04/03/09		977
	1	Elect Directors		For	For		Mgmt
	2	Approve Amended and Restated Tyco		For	For		Mgmt
		Electronics Ltd. 2007 Stock and
		Incentive Plan
	3	Approve Deloitte & Touche LLP as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
06/22/09 - S	Tyco Electronics Ltd. *TEL*		G9144P105			04/06/09		977
	1	Change Country of Incorporation from		For	For		Mgmt
		Bermuda to Switzerland
	2	Amend Bye-laws Re: Eliminate Certain		For	For		Mgmt
		Supermajority Vote Requirements
	3	Amend Bye-laws Re: Increase		For	For		Mgmt
		Registered Share Capital
	4	Approve Dividend of USD 0.16 Per		For	For		Mgmt
		Share Through a Reduction in Share
		Capital
	5	Approve Swiss Law as the Authoritative		For	For		Mgmt
		Governing Legislation
	6	Change Company Name to Tyco		For	For		Mgmt
		Electronics Ltd.
	7	Amend Corporate Purpose		For	For		Mgmt
	8	Adopt New Articles of Association		For	For		Mgmt
	9	Approve Schaffhausen, Switzerland as		For	For		Mgmt
		Principal Place of Business
	10	Appoint PricewaterhouseCoopers AG,		For	For		Mgmt
		Zurich as Special Auditor
	11	Ratify Deloitte AG as Auditors		For	For		Mgmt
	12	Approve Additional Provisions to the		For	Against		Mgmt
		Articles of Association Re: Limit the
		Number of Shares that may be
		Registered
	13	Approve Additional Provisions to the		For	Against		Mgmt
		Articles of Association Re:
		Supermajority Vote and Amendment to
		the Provisions in Proposal 12
	14	Adjourn Meeting		For	For		Mgmt
04/21/09 - A	U.S. Bancorp *USB*		902973304			02/23/09		3,228
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Douglas M. Baker, Jr. ---
		For
	1.2	Elect Director Y. Marc Belton --- For
	1.3	Elect Director Richard K. Davis --- For
	1.4	Elect Director Joel W. Johnson --- For
	1.5	Elect Director David O'Maley --- For
	1.6	Elect Director O'dell M. Owens --- For
Mgmt Rec - Company Management Recommended Vote								Page 158

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.7	Elect Director Craig D. Schnuck --- For
	1.8	Elect Director Patrick T. Stokes ---
		Against
		Comp committee member during period poor pay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		NEO CIC with tax gross-ups.
04/21/09 - A	UMB Financial Corp. *UMBF* 902788108					02/27/09		446
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		Against	For		ShrHoldr
04/29/09 -	UniCredit SpA (formerly		T95132105			04/23/09		10,943
A/S	Unicredito Italiano SpA)
		Ordinary Business
	1	Accept Financial Statements,		For	For		Mgmt
		Consolidated Financial Statements,
		and Statutory Reports
		In this case, the company has not yet disclosed a
		draft version of the annual report. Due to the lack of
		disclosure provided by the company, investors
		should consider whether an abstain vote, on Item 1,
		is warranted to register discontent with the company.
		However, fiduciary voting obligations that apply,
		particularly for U.S.-based institutional investors, may
		preclude abstentions and require either a vote in
		support or against a voting resolution. Therefore, this
		resolution warrants qualified support, as the issue is
		routine and typically unproblematic.
	2	Approve Allocation of Income		For	For		Mgmt
		Elect Directors - Vote Only One of
		the Following Slates
	3.1	Slate 1 - Submitted by Three		None	DoNotVote		Mgmt
		Foundation
		Each shareholder is allowed to vote one single list of
		candidates. Despite the strong profile of the
		candidates on this list, as slates under Item 3.2 has
		been presented by institutional investors and the
		candidates have a strong independent profile.
		Therefore, this item does not warrant support.
	3.2	Slate 2- Submitted by Institutional		None	For		Mgmt
		Investors
	4	Approve Remuneration of Directors and		For	For		Mgmt
		Committees Members
Mgmt Rec - Company Management Recommended Vote								Page 159

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Deliberations Pursuant to Article 2390		For	For		Mgmt
		of Civil Code Re: Decisions Inherent to
		Authorization of Board Members To
		Assume Positions In Competing
		Companies
	6	Approve Remuneration Policy		For	For		Mgmt
	7	Approve Stock Ownership Plan for the		For	For		Mgmt
		Employees of the Company
		Special Business
	1	Authorize Capital Increase with		For	For		Mgmt
		Preemptive Rights, Through the
		Capitalization of Reserves
	2	Amend Articles 5, 8, 23, and 30 of		For	For		Mgmt
		Company's Bylaws
		.
05/14/09 - A	Unilever N.V.		N8981F271			04/23/09		1,710
		Annual Meeting
	1	Receive Report of Management Board		None	None		Mgmt
		(Non-Voting)
	2	Approve Financial Statements and		For	For		Mgmt
		Allocation of Income
	3	Approve Discharge of Executive		For	For		Mgmt
		Directors
	4	Approve Discharge of Non-Executive		For	For		Mgmt
		Directors
	5	Elect L.A. Lawrence as Executive		For	For		Mgmt
		Director
	6	Elect P.G.J.M. Polman as Executive		For	For		Mgmt
		Director
	7	Reelect L. Brittan of Spennithorne as		For	For		Mgmt
		Non-Executive Director
	8	Reelect W. Dik as Non-Executive		For	For		Mgmt
		Director
	9	Reelect C.E. Golden as Non-Executive		For	For		Mgmt
		Director
	10	Reelect B.E. Grote as Non-Executive		For	For		Mgmt
		Director
	11	Reelect N. Murthy as Non-Executive		For	For		Mgmt
		Director
	12	Reelect H. Nyasulu as Non-Executive		For	For		Mgmt
		Director
	13	Reelect K.J. Storm as Non-Executive		For	For		Mgmt
		Director
	14	Reelect M. Treschow as Non-Executive		For	For		Mgmt
		Director
	15	Reelect J. van der Veer as Non-		For	For		Mgmt
		Executive Director
	16	Elect L.O. Fresco as Non-Executive		For	For		Mgmt
		Director
Mgmt Rec - Company Management Recommended Vote								Page 160

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	17	Elect A.M. Fudge as Non-Executive		For	For		Mgmt
		Director
	18	Elect P. Walsh as Non-Executive		For	For		Mgmt
		Director
	19	Ratify PwC as Auditors		For	For		Mgmt
	20	Grant Board Authority to Issue Shares		For	For		Mgmt
		Up To 10 Percent of Issued Capital
		Plus Additional 10 Percent in Case of
		Takeover/Merger and
		Restricting/Excluding Preemptive
		Rights
	21	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	22	Approve Reduction in Share Capital by		For	For		Mgmt
		Cancellation of Shares
		Voting Item for Holders of Ordinary
		Shares or Depository Receipts
		Irrespective of Class of Shares Held
	23a	Amend Articles Re: Move to Quarterly		For	For		Mgmt
		Dividends
		Voting Item for Holders of Ordinary
		Shares or Depository Receipts Only
	23b	Amend Articles Re: Move to Quarterly		For	For		Mgmt
		Dividends
	24	Allow Questions		None	None		Mgmt
05/13/09 - A	Unilever plc		G92087165			None		1,341
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 40.19 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect James Lawrence as Director		For	For		Mgmt
	5	Re-elect Paul Polman as Director		For	For		Mgmt
	6	Re-elect The Lord Brittan of		For	For		Mgmt
		Spennithorne as Director
	7	Re-elect Wim Dik as Director		For	For		Mgmt
	8	Re-elect Charles Golden as Director		For	For		Mgmt
	9	Re-elect Byron Grote as Director		For	For		Mgmt
	10	Re-elect Narayana Murthy as Director		For	For		Mgmt
	11	Re-elect Hixonia Nyasulu as Director		For	For		Mgmt
	12	Re-elect Kees Storm as Director		For	For		Mgmt
	13	Re-elect Michael Treschow as Director		For	For		Mgmt
	14	Re-elect Jeroen van der Veer as		For	For		Mgmt
		Director
	15	Elect Louise Fresco as Director		For	For		Mgmt
	16	Elect Ann Fudge as Director		For	For		Mgmt
	17	Elect Paul Walsh as Director		For	For		Mgmt
	18	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	19	Authorise Board to Fix Remuneration of		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 161

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Auditors
	20	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 13,290,000
	21	Subject to the Passing of the Previous		For	For		Mgmt
		Resolution, Authorise Issue of Equity or
		Equity-Linked Securities without Pre-
		emptive Rights up to Aggregate
		Nominal Amount of GBP 2,000,000
	22	Authorise 131,000,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	23	Auth. Company and its Subsidiaries to		For	For		Mgmt
		Make EU Political Donations to Political
		Parties and Independent Election
		Candidates up to GBP 0.1M, to Political
		Org. Other Than Political Parties up to
		GBP 0.1M and to Incur EU Political
		Expenditure up to GBP 0.1M
	24	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Days'
		Clear Notice
	25	Authorise Directors to Agree to Modify		For	For		Mgmt
		the Agreement Dated 28 June, 1946
		(as Amended by Supplemental
		Agreements Dated 20 July, 1951, 21
		December, 1981 and 15 May, 2006)
		with Unilever N.V. of the Netherlands
		known as the Equalisation Agreement
05/13/09 - S	Unilever plc		G92087165			None		1,341
	1	Amend Unilever plc Equalisation		For	For		Mgmt
		Agreement
06/11/09 - A	Union Drilling, Inc. *UDRL*		90653P105			04/17/09		1,499
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/14/09 - A	Union Pacific Corp. *UNP*		907818108			03/06/09		995
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		that proposal will accomplish appropriate executive
		compensation controls with industry parameters or
		will improve shareholder returns.
Mgmt Rec - Company Management Recommended Vote								Page 162

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/29/09 - A	United Community Banks,		90984P105			03/13/09		2,076
	Inc. *UCBI*
	1	Elect Directors		For	For		Mgmt
	2	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	3	Ratify Auditors		For	For		Mgmt
05/07/09 - A	United Parcel Service, Inc.		911312106			03/09/09		1,920
	*UPS*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 5.20% exceeds allowable cap of 5.0%.
06/26/09 - A	United Therapeutics Corp.		91307C102			04/30/09		235
	*UTHR*
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Ray Kurzweil --- Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision).
	1.2	Elect Director Martine Rothblatt, Ph.D. -
		-- Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision).
	1.3	Elect Director Louis Sullivan, M.D. ---
		Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision).
	2	Ratify Auditors		For	For		Mgmt
06/02/09 - A	UnitedHealth Group		91324P102			04/03/09		2,550
	Incorporated *UNH*
	1	Elect Director William C. Ballard, Jr.		For	For		Mgmt
	2	Elect Director Richard T. Burke		For	For		Mgmt
	3	Elect Director Robert J. Darretta		For	For		Mgmt
	4	Elect Director Stephen J. Hemsley		For	For		Mgmt
	5	Elect Director Michele J. Hooper		For	For		Mgmt
	6	Elect Director Douglas W. Leatherdale		For	For		Mgmt
	7	Elect Director Glenn M. Renwick		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 163

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Elect Director Kenneth I. Shine, M.D.		For	For		Mgmt
	9	Elect Director Gail R. Wilensky, Ph.D.		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
06/25/09 - A	Universal Display Corp.		91347P105			04/09/09		2,043
	*PANL*
	1	Elect Directors		For	For		Mgmt
	2	Approve Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
		All employees can purchase shares at 85% of F.M.V.
	3	Ratify Auditors		For	For		Mgmt
05/28/09 - A	Valhi, Inc. *VHI*		918905100			03/31/09		1,370
	1	Elect Directors		For	For		Mgmt
04/16/09 - A	ValueClick, Inc. *VCLK*		92046N102			02/17/09		1,137
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director James R. Zarley ---
		Withhold
		Approved option  exchange (cash tender) that
		included NEOs without shareholder vote.
	1.2	Elect Director David S. Buzby ---
		Withhold
		Approved option  exchange (cash tender) that
		included NEOs without shareholder vote.
	1.3	Elect Director Martin T. Hart ---
		Withhold
		Approved option  exchange (cash tender) that
		included NEOs without shareholder vote.
	1.4	Elect Director Tom A. Vadnais ---
		Withhold
		Approved option  exchange (cash tender) that
		included NEOs without shareholder vote.
	1.5	Elect Director Jeffrey F. Rayport ---
		Withhold
		Approved option  exchange (cash tender) that
		included NEOs without shareholder vote.
	1.6	Elect Director James R. Peters ---
		Withhold
		Approved option  exchange (cash tender) that
		included NEOs without shareholder vote.
	1.7	Elect Director James A. Crouthamel ---
Mgmt Rec - Company Management Recommended Vote								Page 164

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Withhold
		Approved option exchange (cash tender) that
		included NEOs without shareholder vote.
05/07/09 - A	Verizon Communications		92343V104			03/09/09		5,215
	*VZ*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	4	Approve Omnibus Stock Plan		For	For		Mgmt
	5	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	6	Prohibit Executive Stock-Based Awards		Against	Against		ShrHoldr
		Overly restrictive; not the best way to achieve
		reasonable levels of executive compensation within
		market.
	7	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Currently have 25% right to call special meeting.
	8	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	9	Provide for Cumulative Voting		Against	Against		ShrHoldr
	10	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
		Overly restrictive; not the best way to achieve
		reasonable levels of executive life insurance benefits.
05/14/09 -	Vinci		F5879X108			05/11/09		502
A/S
		Ordinary Business
	1	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	2	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.62 per Share
	4	Authorize Payment of Dividends by		For	For		Mgmt
		Shares
	5	Ratify Appointment of Jean-Pierre		For	Against		Mgmt
		Lamoure as Director
Mgmt Rec - Company Management Recommended Vote								Page 165

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		For this market, if the proposed board does not
		consist of a majority of independent directors, the
		election or reelection of any non-independent director
		(except the CEO) is not recommended. At Vinci, if all
		the elections proposed at this general meeting were
		approved, only 47 percent of the board of directors
		would be independent. As Michael Pragnell and
		Francois David are considered as independent, their
		reelections merit support. However, as Jean-Pierre
		Lamoure and Patrick Faure are not considered as
		independent, their reelections warrant shareholders
		opposition.
	6	Reelect Francois David as Director		For	For		Mgmt
	7	Reelect Patrick Faure as Director		For	Against		Mgmt
	8	Elect Michael Pragnell as Director		For	For		Mgmt
	9	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	10	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Financing of
		Prado Sud Railway Concession
	11	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Financing of
		Stade du Mans Concession
	12	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Financing
		Obtained by Arcour, Contractor of A19
		Highway
	13	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Sale by Vinci to
		Vinci Concession of Its Participation to
		Aegean Motorway SA
	14	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Sale by Vinci to
		Vinci Concession of Its Participation to
		Olympia Odos
	15	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Sale by Vinci to
		Vinci Concession of Its Participation to
		Olympia Odos Operation
	16	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Sale by Vinci to
		Vinci Concession of Its Participation to
		Vinci Airports Holding
		Special Business
	17	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	18	Authorize Capitalization of Reserves for		For	For		Mgmt
		Bonus Issue or Increase in Par Value
	19	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
Mgmt Rec - Company Management Recommended Vote								Page 166

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Amount of EUR 300 Million
	20	Authorize Issuance of Specific		For	For		Mgmt
		Convertible Bonds without Preemptive
		Rights Named OCEANE
	21	Approve Issuance of Convertible Bonds		For	For		Mgmt
		without Preemptive Rights Other than
		OCEANE
	22	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	23	Authorize Capital Increase of up to 10		For	Against		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
		Considering the potential issuance of share capital
		under Items 20 and 21, shareholders are advised to
		oppose this request as it would exceed the 20-
		percent limit set for issuances without preemptive
		rights.
	24	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	25	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for International Employees
	26	Authorize up to 1.5 Percent of Issued		For	For		Mgmt
		Capital for Use in Stock Option Plan
		Due to a potential dilution of 7.73 percent, which
		exceeds the 5-percent guideline, this proposal
		warrants a vote against.
	27	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
04/30/09 -	Vivendi		F97982106			04/27/09		1,136
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Treatment of Losses and Allocation of		For	For		Mgmt
		Dividends of EUR 1.40 per Share
	4	Authorize Payment of Dividends by		For	For		Mgmt
		Shares
	5	Approve Auditors' Special Report		For	For		Mgmt
		Regarding Related-Party Transactions
	6	Approve Transaction with Jean-Bernard		For	For		Mgmt
		Levy Related to Severance Payments
	7	Elect Maureen Chiquet as Supervisory		For	For		Mgmt
		Board Member
	8	Elect Christophe de Margerie as		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 167

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Supervisory Board Member
	9	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	10	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	11	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 1.5 Billion
		+Capital increase with preemptive rights: The
		potential capital increase with preemptive rights
		under Item 11, amounts to EUR 1.5 billion, which
		represents 23.4 percent of issued share
		capital. The authorization is acceptable for
		issuances with preemptive rights. + Capital
		increase without preemptive rights: The
		proposed capital increases without preemptive rights
		and without binding priority requested amount to
		EUR 0.8 billion, which represents 12.4 percent of
		issued share capital. The proposal is acceptable for
		general requests to issue capital without preemptive
		rights. As this authority will be capped by Item
		11, the capital increase (up to 10 percent) without
		preemptive rights, under Item 14, is considered to be
		acceptable. + Oversubscription: The amount
		requested would not meet the limit set for issuances
		with preemptive rights under item 11 and would
		represent 15 percent of issuances without
		preemptive rights, i.e. a total of 14.26 percent without
		preemptive rights. As the additional potential
		capital does not exceed the the limit recommended
		by guidelines for general requests to issue capital
		without preemptive rights, the additional potential
		capital increases are acceptable.
	12	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 800 Million
	13	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Under Items 11 and
		12
	14	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	15	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
		Currently, the company's employees control 1.25
		percent of issued capital in terms of the Vivendi
Mgmt Rec - Company Management Recommended Vote								Page 168

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		share purchase plans. Approval of this plan could
		increase employee participation to approximately
		3.66 percent. The potential dilution falls within
		guidelines for savings-related share purchase plans.
	16	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for Employees of
		International Subsidiaries
	17	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 800 Million for Bonus Issue
		or Increase in Par Value
	18	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
04/23/09 - A	Volkswagen AG (VW)		D94523145			04/02/09		142
		Meeting for Common and Preferred
		Shareholders; Only Common
		Shareholders Can Vote
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.93 per Common
		Share and EUR 1.99 per Preferred
		Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Elect Philipp Roesler to the Supervisory		For	Against		Mgmt
		Board
		At Volkswagen, only 10 percent of the board is
		independent. Given this significant lack of
		independence, and the fact that this nominee is non-
		independent, a vote against the election of Philipp
		Roesler is warranted.
	6	Approve Creation of EUR 400 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	7	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 5
		Billion; Approve Creation of EUR 100
		Million Pool of Capital to Guarantee
		Conversion Rights
	8	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	9	Amend Articles Re: Convocation of		For	For		Mgmt
		General Meeting due to New German
Mgmt Rec - Company Management Recommended Vote								Page 169

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
	10	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
05/14/09 - A	Vornado Realty Trust *VNO*		929042109			03/13/09		1,406
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Steven Roth --- Withhold
		Failure to implement majority vote standard for
		director elections (submitted and passed by majority
		shareholders last two years).
	1.2	Elect Director Michael D. Fascitelli ---
		Withhold
		Failure to implement majority vote standard for
		director elections (submitted and passed by majority
		shareholders last two years).
	1.3	Elect Director Russell B. Wight, Jr. ---
		Withhold
		Failure to implement majority vote standard for
		director elections (submitted and passed by majority
		shareholders last two years).
	2	Ratify Auditors		For	For		Mgmt
	3	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
	4	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
05/08/09 - A	Vulcan Materials Co. *VMC*		929160109			03/16/09		963
	1	Elect Directors		For	For		Mgmt
	2	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
		ISS recommends against because plan			is
		administered by comp commitee with members that
		do not fit ISS definition of independence; no issues
		by PPC standards.
	3	Ratify Auditors		For	For		Mgmt
	4	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Overly restrictive.
04/08/09 - A	Waddell & Reed Financial,		930059100			02/11/09		1,093
	Inc. *WDR*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 170

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Executive Officers' Compensation
		Consistent with other proposals supported by PPC.
06/05/09 - A	Wal-Mart Stores, Inc. *WMT*		931142103			04/09/09		7,460
	1	Elect Director Aida M. Alvarez		For	For		Mgmt
	2	Elect Director James W. Breyer		For	For		Mgmt
	3	Elect Director M. Michele Burns		For	For		Mgmt
	4	Elect Director James I. Cash, Jr.		For	For		Mgmt
	5	Elect Director Roger C. Corbett		For	For		Mgmt
	6	Elect Director Douglas N. Daft		For	For		Mgmt
	7	Elect Director Michael T. Duke		For	For		Mgmt
	8	Elect Director Gregory B. Penner		For	For		Mgmt
	9	Elect Director Allen I. Questrom		For	For		Mgmt
	10	Elect Director H. Lee Scott, Jr.		For	For		Mgmt
	11	Elect Director Arne M. Sorenson		For	For		Mgmt
	12	Elect Director Jim C. Walton		For	For		Mgmt
	13	Elect Director S. Robson Walton		For	For		Mgmt
	14	Elect Director Christopher J. Williams		For	For		Mgmt
	15	Elect Director Linda S. Wolf		For	For		Mgmt
	16	Ratify Auditors		For	For		Mgmt
	17	Amend EEO Policy to Prohibit		Against	Against		ShrHoldr
		Discrimination based on Sexual
		Orientation and Gender Identity
		Management responded meaningfully; no evidence
		proposal will result in improved shareholder returns.
		Two gender discrimination cases are in the courts;
		however, there is no ruling yet and no evidence that
		proposal would prevent any future legal actions.
	18	Pay For Superior Performance		Against	Against		ShrHoldr
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	19	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	20	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	21	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Currently, shareholders have right to act by written
		consent.
	22	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
Mgmt Rec - Company Management Recommended Vote								Page 171

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		proposal will improve shareholder returns.
04/23/09 - A	Walter Energy Inc. *WLT*		93317Q105			03/02/09		622
	1	Elect Directors		For	For		Mgmt
	2	Change Company Name		For	For		Mgmt
	3	Authorize New Class of Preferred Stock		For	For		Mgmt
		Declawed (will not be used for anti-takeover without
		shareholder vote).
	4	Approve Shareholder Rights Plan		For	For		Mgmt
		(Poison Pill)
		20% trigger, redemption rights, qulaified offer clause,
		sunset provision, no dead/slow hand, good corporate
		governance.
	5	Amend Omnibus Stock Plan		For	For		Mgmt
04/28/09 - A	Wells Fargo and Company		949746101			02/27/09		5,497
	*WFC*
	1	Elect Director John D. Baker II		For	For		Mgmt
	2	Elect Director John S. Chen		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	3	Elect Director Lloyd H. Dean		For	For		Mgmt
	4	Elect Director Susan E. Engel		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	5	Elect Director Enrique Hernandez, Jr.		For	For		Mgmt
	6	Elect Director Donald M. James		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	7	Elect Director Robert L. Joss		For	For		Mgmt
	8	Elect Director Richard M. Kovacevich		For	For		Mgmt
	9	Elect Director Richard D. McCormick		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	10	Elect Director Mackey J. McDonald		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	11	Elect Director Cynthia H. Milligan		For	For		Mgmt
	12	Elect Director Nicholas G. Moore		For	For		Mgmt
	13	Elect Director Philip J. Quigley		For	For		Mgmt
	14	Elect Director Donald B. Rice		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	15	Elect Director Judith M. Runstad		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 172

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	16	Elect Director Stephen W. Sanger		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	17	Elect Director Robert K. Steel		For	For		Mgmt
	18	Elect Director John G. Stumpf		For	For		Mgmt
	19	Elect Director Susan G. Swenson		For	For		Mgmt
	20	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Modified single-trigger change-in-control.
	21	Ratify Auditors		For	For		Mgmt
	22	Amend Omnibus Stock Plan		For	Against		Mgmt
	23	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director already in place.
	24	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compiance with current law or that proposal
		will result in improved shareholder returns.
04/23/09 - A	Westamerica Bancorporation 957090103					02/23/09		365
	*WABC*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Etta Allen --- For
	1.2	Elect Director Louis E. Bartolini --- For
	1.3	Elect Director E. Joseph Bowler --- For
	1.4	Elect Director Arthur C. Latno, Jr. ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.5	Elect Director Patrick D. Lynch ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director Catherine Cope
		MacMillan --- For
	1.7	Elect Director Ronald A. Nelson ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.8	Elect Director David L. Payne --- For
	1.9	Elect Director Edward B. Sylvester ---
		For
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Advisory Vote on Executive		For	Against		Mgmt
		Compensation
		Poor pay practices.
Mgmt Rec - Company Management Recommended Vote								Page 173

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/21/09 - A	Westar Energy, Inc. *WR*		95709T100			03/23/09		1,446
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 2.27% is within allowable cap of
		5.00%.
05/13/09 - A	Westinghouse Air Brake		929740108			03/18/09		501
	Technologies Corp *WAB*
	1	Elect Directors		For	For		Mgmt
04/16/09 - A	Weyerhaeuser Co. *WY*		962166104			02/20/09		1,905
	1	Elect Directors		For	For		Mgmt
	2	Require Independent Board Chairman		Against	For		ShrHoldr
		No lead director.
	3	Reduce Supermajority Vote		Against	For		ShrHoldr
		Requirement
	4	Ratify Auditors		For	For		Mgmt
05/05/09 - A	Whiting Petroleum Corp.		966387102			03/13/09		528
	*WLL*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/01/09 - A	Woodside Petroleum Ltd.		980228100			04/29/09		579
	*WPL*
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for the Financial Year
		Ended Dec. 31, 2008
	2(a)	Elect Michael Alfred Chaney as a		For	For		Mgmt
		Director
	2(b)	Elect Erich Fraunschiel as a Director		For	For		Mgmt
	2(c)	Elect Pierre Jean-Marie Henri Jungels		For	For		Mgmt
		as a Director
	2(d)	Elect David Ian McEvoy as a Director		For	For		Mgmt
	2(e)	Elect Melinda Ann Cilento as a Director		For	For		Mgmt
	2(f)	Elect Ian Robertson as a Director		For	For		Mgmt
	3	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended Dec. 31, 2008
05/21/09 - A	Xerox Corporation *XRX*		984121103			03/23/09		8,404
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 174

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/05/09 - A	Xstrata plc		G9826T102			None		770
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
		Vote Recommendation    Xstrata's general
		remuneration policy has not changed materially over
		the previous year and shareholders comfortable with
		the Company's broad approach may decide that the
		remuneration report is worthy of continued
		support. However, there is a case for a different
		approach for 2009 taking into account concern over
		the following issues, some relating to existing
		arrangements no longer meeting current good
		practice and others due to specific non-routine
		actions taken in 2008: - The 50% level of
		threshold vesting for median comparative TSR
		performance in the LTIP is not in line with good UK
		practice. This was raised as a concern prior to the
		2008 AGM. Although it is recognised that the LTIP is
		not a new plan, the Company is encouraged to take
		the opportunity over the coming year to amend the
		TSR performance condition. Furthermore, the plan
		should also be changed to ensure that performance
		conditions apply in the event of a change of
		control. - The service contracts for the executive
		directors include the potential for payments on
		termination well in excess of one year's salary when
		pension and bonus entitlements are taken into
		account. Guidance issued by the NAPF and the ABI
		in 2008 indicates a preference for severance
		payments arising from poor corporate performance to
		not extend beyond basic salary. - The Company
		has significantly increased pension contributions for
		the CEO and CFO for 2008. The Company's
		explanation for these increases links them to revised
		estimates of the amounts required to provide the
		targeted benefits under the scheme, based on
		actuarial assumptions. While this is understandable,
		the assumptions are not disclosed to shareholders
		and therefore it is difficult to make an external
		judgement on the appropriateness of such large
		increases. - The Company has made significant
		retention awards to two executive directors during
		2008. These awards comprise non-performance
		linked cash bonuses (payable in May 2009) and
		enhancements to normal LTIP grants. In general, the
		view of institutional shareholders is that retention
		payments are rarely justified. An obvious question is
		why such awards are considered necessary in the
Mgmt Rec - Company Management Recommended Vote								Page 175

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		context of a remuneration policy which can provide
		substantial rewards in the event of outperformance.
		A particular concern in this case is that two methods
		of encouraging retention have been chosen, one of
		which is not tied to performance. In any event, it is
		not good practice for a company to have made
		significant awards of this nature without adequate
		disclosure and transparency. In light of these
		issues, shareholders are advised to vote against the
		remuneration report. The Company's performance
		during 2008 and the decision to seek additional funds
		from shareholders in the recent rights issue has been
		taken into account when making this
		recommendation.
	3	Re-elect Ivan Glasenberg as Director		For	For		Mgmt
		Vote Recommendation In line with normal policy
		guidelines, shareholders are recommended to vote
		FOR this candidate. This is with an expectation that
		the Board reconstitutes the Nominations Committee
		in line with the Combined Code. The
		controversial nature of the deal with Glencore earlier
		in the year is recognised but a vote against this
		Glencore nominee is not felt to be appropriate at this
		time. The deal was worthy of support given Xstrata's
		financial situation, the overall positive impact of the
		proposals and the limitations posed by the
		Company's ownership structure. However, the
		controversial circumstances surrounding the
		transaction and Xstrata's relationship with Glencore
		are being highlighted via a CONTENTIOUS FOR
		recommendation. [Vote Recommendation:
		CONTENTIOUS FOR]
	4	Re-elect Trevor Reid as Director		For	For		Mgmt
	5	Re-elect Santiago Zaldumbide as		For	For		Mgmt
		Director
	6	Elect Peter Hooley as Director		For	For		Mgmt
	7	Reappoint Ernst & Young LLP as		For	For		Mgmt
		Auditors and Authorise Board to Fix
		Their Remuneration
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 488,835,270 in
		Connection with an Offer by Way of
		Rights Issue; Otherwise up to USD
		488,835,270
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 73,325,290.50
Mgmt Rec - Company Management Recommended Vote								Page 176

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2020 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/25/09 - A	Yahoo!, Inc. *YHOO*		984332106			04/27/09		2,602
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Carol Bartz --- For
	1.2	Elect Director Frank J. Biondi, Jr. ---
		For
	1.3	Elect Director Roy J. Bostock --- For
	1.4	Elect Director Ronald W. Burkle --- For
	1.5	Elect Director John H. Chapple --- For
	1.6	Elect Director Eric Hippeau --- For
	1.7	Elect Director Carl C. Icahn --- Against
		Sits on 8 boards; no mitigating circumstances
		disclosed.
	1.8	Elect Director Vyomesh Joshi --- For
	1.9	Elect Director Arthur H. Kern --- For
	1.10	Elect Director Mary Agnes Wilderotter -
		-- For
	1.11	Elect Director Gary L. Wilson --- For
	1.12	Elect Director Jerry Yang --- For
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
05/04/09 - A	Zimmer Holdings Inc *ZMH*		98956P102			03/05/09		522
	1	Elect Director Betsy J. Bernard		For	For		Mgmt
	2	Elect Director Marc N. Casper		For	For		Mgmt
	3	Elect Director David C. Dvorak		For	For		Mgmt
	4	Elect Director Robert A. Hagemann		For	For		Mgmt
	5	Elect Director Arthur J. Higgins		For	For		Mgmt
	6	Elect Director Cecil B. Pickett		For	For		Mgmt
	7	Elect Director Augustus A. White, III		For	For		Mgmt
	8	Ratify Auditors		For	For		Mgmt
	9	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 6.65% is within allowable cap of
		7.26%.
	10	Amend Non-Employee Director		For	For		Mgmt
		Omnibus Stock Plan
		Plan's cost of 5.39% is within allowable cap of
		7.26%.
	11	Amend Deferred Compensation Plan		For	For		Mgmt
		Plan's cost of 5.32% is within allowable cap of
		7.26%.
Mgmt Rec - Company Management Recommended Vote								Page 177

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
07/10/08 - A	Greenlight Capital Re, Ltd.		G4095J109			06/02/08		1,771
	*GLRE*
		This is a duplicate meeting for ballots
		received via the Broadridge North
		American Ballot distribution system.
	1	TO ELECT SEVEN DIRECTORS OF		For	For		Mgmt
		THE COMPANY TO SERVE ON THE
		BOARD OF DIRECTORS UNTIL THE
		ANNUAL GENERAL MEETING OF
		SHAREHOLDERS IN 2009.
	2	TO ELECT SEVEN DIRECTORS OF		For	For		Mgmt
		GREENLIGHT REINSURANCE, LTD.,
		OR GREENLIGHT RE. TO SERVE ON
		THE BOARD UNTIL THE ANNUAL
		GENERAL MEETING OF
		SHAREHOLDERS IN 2009 OF
		GREENLIGHT RE.
	3	TO AMEND ARTICLE 11 OF THE		For	Against		Mgmt
		COMPANY S THIRD AMENDED AND
		RESTATED ARTICLES OF
		ASSOCIATION AS SET FORTH IN
		EXHIBIT A TO THE PROXY
		STATEMENT.
	4	RATIFY AUDITORS		For	For		Mgmt
	5	RATIFY AUDITORS		For	For		Mgmt
07/16/08 - A	BT Group plc		G16612106			None		20,824
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 10.4 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect Hanif Lalani as Director		For	For		Mgmt
	5	Re-elect Carl Symon as Director		For	For		Mgmt
	6	Elect Sir Michael Rake as Director		For	For		Mgmt
	7	Elect Gavin Patterson as Director		For	For		Mgmt
	8	Elect Eric Daniels as Director		For	For		Mgmt
	9	Elect Patricia Hewitt as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of GBP 127,000,000
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of GBP 21,000,000
	14	Authorise 774,000,000 Ordinary Shares		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 1

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		for Market Purchase
	15	Authorise British Telecommunications		For	For		Mgmt
		plc to Make EU Political Donations to
		Political Parties and/or Independent
		Election Candidates up to GBP 75,000
		and to Political Organisations Other
		Than Political Parties up to GBP 25,000
07/16/08 -	Suez		F90131115			07/11/08		1,361
A/S
		Special Business
	1	Approve Merger by Absorption of		For	For		Mgmt
		Rivolam
	2	Approve Spin-Off of Suez		For	For		Mgmt
		Environnement
		Ordinary Business
	3	Approve Distribution of 65 percent of		For	For		Mgmt
		Suez Environnement to Suez's
		Shareholders
	4	Approve Special Auditors' Report		For	For		Mgmt
		Regarding Related-Party Transactions
		Special Business
	5	Approve Merger by Absorption of Suez		For	For		Mgmt
		by GDF
	6	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
07/18/08 - A	Constellation Energy Group,		210371100			04/28/08		1,879
	Inc. *CEG*
	1	Elect Director Yves C. de Balmann		For	For		Mgmt
	2	Elect Director Douglas L. Becker		For	For		Mgmt
	3	Elect Director Ann C. Berzin		For	For		Mgmt
	4	Elect Director James T. Brady		For	For		Mgmt
	5	Elect Director Edward A. Crooke		For	For		Mgmt
	6	Elect Director James R. Curtiss		For	For		Mgmt
	7	Elect Director Freeman A. Hrabowski, III		For	For		Mgmt
	8	Elect Director Nancy Lampton		For	For		Mgmt
	9	Elect Director Robert J. Lawless		For	For		Mgmt
	10	Elect Director Lynn M. Martin		For	For		Mgmt
	11	Elect Director Mayo A. Shattuck, III		For	For		Mgmt
	12	Elect Director John L. Skolds		For	For		Mgmt
	13	Elect Director Michael D. Sullivan		For	For		Mgmt
	14	Ratify Auditors		For	For		Mgmt
	15	Increase Authorized Common Stock		For	Against		Mgmt
07/23/08 - A	McKesson Corporation		58155Q103			05/30/08		2,301
	*MCK*
	1	Elect Director Andy D. Bryant		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 2

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Elect Director Wayne A. Budd		For	For		Mgmt
	3	Elect Director John H. Hammergren		For	For		Mgmt
	4	Elect Director Alton F. Irby III		For	For		Mgmt
	5	Elect Director M. Christine Jacobs		For	For		Mgmt
	6	Elect Director Marie L. Knowles		For	For		Mgmt
	7	Elect Director David M. Lawrence		For	For		Mgmt
	8	Elect Director Edward A. Mueller		For	For		Mgmt
	9	Elect Director James V. Napier		For	For		Mgmt
	10	Elect Director Jane E. Shaw		For	For		Mgmt
	11	Ratify Auditors		For	For		Mgmt
07/24/08 - A	Steris Corp. *STE*		859152100			06/02/08		1,532
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
07/28/08 -	Carrefour		F13923119			07/23/08		568
A/S
		Ordinary Business
	1	Ratify Appointment of Bernard Arnault		For	For		Mgmt
		as Supervisory Board Member
		Special Business
	2	Adopt One-Tiered Board Structure		For	For		Mgmt
	3	Amend Article of Bylaws Re: Allocation		For	For		Mgmt
		of Income
	4	Adopt New Articles of Association		For	For		Mgmt
	5	Transfer to the Board of Directors		For	Against		Mgmt
		Outstanding Authorizations
		Ordinary Business
	6	Transfer to the Board of Directors		For	Against		Mgmt
		Authorizations Previously Granted
		Regarding the Repurchase Share
		Program
	7	Elect Rene Abate as Director		For	For		Mgmt
	8	Elect Bernard Arnault as Director		For	For		Mgmt
	9	Elect Sebastien Bazin as Director		For	For		Mgmt
	10	Elect Nicolas Bazire as Director		For	For		Mgmt
	11	Elect Jean-Laurent Bonnafe as Director		For	For		Mgmt
	12	Elect Thierry Breton as Director		For	For		Mgmt
	13	Elect Rene Brillet as Director		For	For		Mgmt
	14	Elect Charles Edelstenne as Director		For	For		Mgmt
	15	Elect Jean-Martin Folz as Director		For	For		Mgmt
	16	Elect Jose Luis Leal Maldonado as		For	For		Mgmt
		Director
	17	Elect Amaury de Seze as Director		For	For		Mgmt
	18	Elect Anne-Claire Taittinger as Director		For	For		Mgmt
	19	Acknowledge The length of Mandate of		For	For		Mgmt
		Directors
	20	Approve Remuneration of Directors in		For	For		Mgmt
		the Aggregate Amount of EUR 900,000
Mgmt Rec - Company Management Recommended Vote								Page 3

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	21	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
07/28/08 - A	National Grid plc		G6375K151			None		3,320
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 21.3 Pence		For	For		Mgmt
		Per Ordinary Share
	3	Elect Bob Catell as Director		For	For		Mgmt
	4	Elect Tom King as Director		For	For		Mgmt
	5	Elect Philip Aiken as Director		For	For		Mgmt
	6	Re-elect John Allan as Director		For	For		Mgmt
	7	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	8	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	9	Approve Remuneration Report		For	For		Mgmt
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of GBP 94,936,979
	11	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of GBP 14,240,547
	12	Authorise 249,936,128 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	13	Adopt New Articles of Association		For	For		Mgmt
07/29/08 - A	Vodafone Group plc		G93882135			None		60,288
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Re-elect Sir John Bond as Director		For	For		Mgmt
	3	Re-elect John Buchanan as Director		For	For		Mgmt
	4	Re-elect Vittorio Colao as Director		For	For		Mgmt
	5	Re-elect Andy Halford as Director		For	For		Mgmt
	6	Re-elect Alan Jebson as Director		For	For		Mgmt
	7	Re-elect Nick Land as Director		For	For		Mgmt
	8	Re-elect Anne Lauvergeon as Director		For	For		Mgmt
	9	Re-elect Simon Murray as Director		For	For		Mgmt
	10	Re-elect Luc Vandevelde as Director		For	For		Mgmt
	11	Re-elect Anthony Watson as Director		For	For		Mgmt
	12	Re-elect Philip Yea as Director		For	For		Mgmt
	13	Approve Final Dividend of 5.02 Pence		For	For		Mgmt
		Per Ordinary Share
	14	Approve Remuneration Report		For	For		Mgmt
	15	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors of the Company
	16	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
Mgmt Rec - Company Management Recommended Vote								Page 4

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	17	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 1,100,000,000
	18	Subject to the Passing of Resolution 17,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 300,000,000
	19	Authorise 5,300,000,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	20	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Parties, and/or
		Independent Election Candidates, to
		Political Organisations Other Than
		Political Parties and Incur EU Political
		Expenditure up to GBP 100,000
	21	Amend Articles of Association		For	For		Mgmt
	22	Approve Vodafone Group 2008		For	For		Mgmt
		Sharesave Plan
07/31/08 - A	THQ Inc. *THQI*		872443403			06/02/08		1,532
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
08/07/08 - S	BNY Hamilton Funds, Inc.		05561M333			05/02/08		107,112
	1	Approve Reorganization of Funds		For	For		Mgmt
08/18/08 - S	CME Group Inc. *CME*		12572Q105			07/18/08		162
	1	Approve Increase in Size of Board		For	For		Mgmt
	2	Issue Shares in Connection with		For	For		Mgmt
		Acquisition
	3	Adjourn Meeting		For	For		Mgmt
09/09/08 - S	Illumina, Inc. *ILMN*		452327109			07/28/08		692
	1	Increase Authorized Common Stock		For	For		Mgmt
09/11/08 - A	American Science and		029429107			07/28/08		597
	Engineering, Inc. *ASEI*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 5

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
09/29/08 - S	Hilb Rogal & Hobbs Co		431294107			08/22/08		522
	1	Approve Merger Agreement		For	For		Mgmt
	2	Adjourn Meeting		For	For		Mgmt

Mgmt Rec - Company Management Recommended Vote Page 6

Vote Summary Report
Oct 01, 2008 - Dec 31, 2008
TDAX Independence 2030 ETF Composite
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
- A	Alpha Natural Resources,	02076X102					850
	Inc. *ANR*
- A	Archer-Daniels-Midland	039483102					1,738
	Company *ADM*
- A	Bank of America Corp. *BAC*	060505104					9,297
- A	Barclays plc	G08036124					9,077
- A	BHP Billiton Limited	Q1498M100					4,041
	(Formerly BHP Ltd.) *BHP*
- A	BHP Billiton plc	G10877101					2,935
- A	BNP Paribas	F1058Q238					1,010
- A	Cisco Systems, Inc. *CSCO*	17275R102					14,531
- A	Commonwealth Bank Of	Q26915100					1,358
	Australia *CBA*
- A	Devry Inc. *DV*	251893103					1,001
- A	Diageo plc	G42089113					2,901
- A	Fifth Third Bancorp *FITB*	316773100					5,096
- A	Fortis SA/NV	B4399L102					7,026
- A	Fortis SA/NV	B4399L102					7,026
- A	Foundry Networks, Inc.	35063R100					1,927
Mgmt Rec - Company Management Recommended Vote				Page 1

Vote Summary Report
Oct 01, 2008 - Dec 31, 2008
TDAX Independence 2030 ETF Composite
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
- A	Foundry Networks, Inc.	35063R100					1,927
- A	Hovnanian Enterprises, Inc.	442487203					4,150
	*HOV*
- A	International Bancshares	459044103					1,059
	Corp. *IBOC*
- A	Jack Henry & Associates,	426281101					1,405
	Inc. *JKHY*
- A	Lloyds TSB Group plc	G5542W106					7,592
- A	Micros Systems, Inc. *MCRS*	594901100					1,172
- A	Microsoft Corp. *MSFT*	594918104					20,712
- A	MOSAIC CO *MOS*	61945A107					1,059
- A	Myriad Genetics, Inc. *MYGN*	62855J104					482
- A	National Australia Bank	Q65336119					1,973
	Limited *NAB*
- A	Perrigo Co. *PRGO*	714290103					1,104
- A	Tercica Inc	88078L105					3,388
- A	Texas Industries	882491103					473
	Incorporated *TXI*
- A	The Procter & Gamble	742718109					6,376
	Company *PG*
Mgmt Rec - Company Management Recommended Vote				Page 2

Vote Summary Report
Oct 01, 2008 - Dec 31, 2008
TDAX Independence 2030 ETF Composite
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
- A	The Royal Bank of Scotland	G76891111					12,616
	Group plc
- A	UniCredit SpA (formerly	T95132105					12,662
	Unicredito Italiano SpA)
- A	Unilever N.V.	N8981F271					1,980
- A	Unilever plc	G92087165					1,552
- A	Vail Resorts, Inc. *MTN*	91879Q109					703
- A	Westpac Banking	Q97417101					2,217
	Corporation *WBC*
Mgmt Rec - Company Management Recommended Vote				Page 3

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
01/07/09 - A	MOOG Inc. *MOG.A*		615394202			11/26/08		622
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/08/09 - A	Acuity Brands, Inc. *AYI*		00508Y102			11/17/08		707
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/12/09 - A	Aruba Networks Inc *ARUN*		043176106			11/13/08		6,511
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/16/09 - S	Time Warner Inc *TWX*		887317105			11/20/08		8,107
	1	Approve Reverse Stock Split		For	For		Mgmt
01/21/09 - A	Johnson Controls, Inc. *JCI*		478366107			11/20/08		1,435
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Adopt Policy to Obtain Shareholder		Against	Against		ShrHoldr
		Approval of Survivor Benefits
01/22/09 - A	Woodward Governor		980745103			11/24/08		880
	Company *WGOV*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/25/09 - S	Banco Santander S.A.		E19790109			None		7,645
	1	Approve EUR 88.7 Million Capital		For	For		Mgmt
		Increase via Issuance of 177.4 Million
		New Common Shares with EUR 0.5 Par
		Value Each and a Share Issuance
		Premium to be Determined by the
		Board, in Accordance with Article
		159.1c of Spanish Companies Law
	2	Approve Delivery of 100 Banco		For	For		Mgmt
		Santander Shares to Each Employee of
		the Abbey National plc.subgroup as
		Special Bonus at the Completion of the
		Acquisition of the Retail Deposits and
		Branch and Distribution Networks of the
		Bradford & Bingley plc. Group
	3	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
Mgmt Rec - Company Management Recommended Vote								Page 1

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
01/27/09 - A	Dawson Geophysical		239359102			11/28/08		639
	Company *DWSN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/27/09 - C	Foster Wheeler AG *FWLT*		G36535139			12/15/08		1,836
		Duplicate meeting for ballots
		received via Broadridge North
		American Ballot distribution system.
	1	APPROVAL OF THE SCHEME OF		For	For		Mgmt
		ARRANGEMENT (THE
		REDOMESTICATION).
	2	APPROVAL OF THE MOTION TO		For	For		Mgmt
		ADJOURN THE MEETING TO A
		LATER DATE TO SOLICIT
		ADDITIONAL PROXIES IF THERE ARE
		INSUFFICIENT VOTES AT THE TIME
		OF THE MEETING TO APPROVE THE
		SCHEME OF ARRANGEMENT.
01/27/09 - A	Siemens AG		D69671218			None		908
	1	Receive Supervisory Board Report,		None	None		Mgmt
		Corporate Governance Report,
		Remuneration Report, and Compliance
		Report for Fiscal 2007/2008 (Non-
		Voting)
	2	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2007/2008
		(Non-Voting)
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.60 per Share
	4.1	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Rudi
		Lamprecht for Fiscal 2007/2008
	4.2	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Juergen
		Radomski for Fiscal 2007/2008
	4.3	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Uriel
		Sharef for Fiscal 2007/2008
	4.4	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Klaus
		Wucherer for Fiscal 2007/2008
	4.5	Approve Discharge of Management		For	For		Mgmt
		Board Member Peter Loescher for
		Fiscal 2007/2008
	4.6	Approve Discharge of Management		For	For		Mgmt
		Board Member Wolfgang Dehen for
		Fiscal 2007/2008
Mgmt Rec - Company Management Recommended Vote								Page 2

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4.7	Approve Discharge of Management		For	For		Mgmt
		Board Member Heinrich Hiesinger for
		Fiscal 2007/2008
	4.8	Approve Discharge of Management		For	For		Mgmt
		Board Member Joe Kaeser for Fiscal
		2007/2008
	4.9	Approve Discharge of Former		For	For		Mgmt
		Management Board Member Eduardo
		Montes for Fiscal 2007/2008
	4.10	Approve Discharge of Former		For	For		Mgmt
		Management Board Member Jim Reid-
		Anderson for Fiscal 2007/2008
	4.11	Approve Discharge of Former		For	For		Mgmt
		Management Board Member Erich R.
		Reinhardt for Fiscal 2007/2008
	4.12	Approve Discharge of Management		For	For		Mgmt
		Board Member Hermann Requardt for
		Fiscal 2007/2008
	4.13	Approve Discharge of Management		For	For		Mgmt
		Board Member Siegfried Russwurm for
		Fiscal 2007/2008
	4.14	Approve Discharge of Management		For	For		Mgmt
		Board Member Peter Y. Solmssen for
		Fiscal 2007/2008
	5.1	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Gerhard Cromme for
		Fiscal 2007/2008
	5.2	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Ralf Heckmann for
		Fiscal 2007/2008
	5.3	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Josef Ackermann for
		Fiscal 2007/2008
	5.4	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Lothar Adler for Fiscal
		2007/2008
	5.5	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Jean-Louis Beffa for
		Fiscal 2007/2008
	5.6	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Gerhard
		Bieletzki for Fiscal 2007/2008
	5.7	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Gerd von Brandenstein
		for Fiscal 2007/2008
	5.8	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member John David
		Coombe for Fiscal 2007/2008
	5.9	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Hildegard
		Cornudet for Fiscal 2007/2008
	5.10	Approve Discharge of Supervisory		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 3

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board Member Michael Diekmann for
		Fiscal 2007/2008
	5.11	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Hans Michael Gaul for
		Fiscal 2007/2008
	5.12	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Birgit Grube
		for Fiscal 2007/2008
	5.13	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Peter Gruss for Fiscal
		2007/2008
	5.14	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Bettina Haller for Fiscal
		2007/2008
	5.15	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Heinz Hawreliuk for
		Fiscal 2007/2008
	5.16	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Berthold Huber for
		Fiscal 2007/2008
	5.17	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Harald Kern for Fiscal
		2007/2008
	5.18	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Walter
		Kroell for Fiscal 2007/2008
	5.19	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Nicola Leibinger-
		Kammueller for Fiscal 2007/2008
	5.20	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Michael
		Mirow for Fiscal 2007/2008
	5.21	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Werner Moenius for
		Fiscal 2007/2008
	5.22	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Roland
		Motzigemba for Fiscal 2007/2008
	5.23	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Thomas
		Rackow for Fiscal 2007/2008
	5.24	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Hakan Samuelsson for
		Fiscal 2007/2008
	5.25	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Dieter Scheitor for Fiscal
		2007/2008
	5.26	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Albrecht
		Schmidt for Fiscal 2007/2008
	5.27	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Henning Schulte-Noelle
Mgmt Rec - Company Management Recommended Vote								Page 4

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		for Fiscal 2007/2008
	5.28	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Rainer Sieg for Fiscal
		2007/2008
	5.29	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Peter von
		Siemens for Fiscal 2007/2008
	5.30	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Jerry I.
		Speyer for Fiscal 2007/2008
	5.31	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Birgit Steinborn for
		Fiscal 2007/2008
	5.32	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Iain Vallance of Tummel
		for Fiscal 2007/2008
	6	Ratify Ernst & Young AG as Auditors for		For	For		Mgmt
		Fiscal 2008/2009
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Authorize Use of Financial Derivatives		For	For		Mgmt
		of up to 5 Percent of Issued Share
		Capital When Repurchasing Shares
	9	Approve Creation of EUR 520.8 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	10	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 15
		Billion; Approve Creation of EUR 600
		Million Pool of Capital to Guarantee
		Conversion Rights
	11	Approve Remuneration of Supervisory		For	For		Mgmt
		Board
	12	Amend Articles Re: Decision Making of		For	For		Mgmt
		General Meeting
01/29/09 - S	Blyth, Inc. *BTH*		09643P108			12/03/08		2,231
	1	Approve Reverse Stock Split		For	For		Mgmt
	2	Reduce Authorized Common Stock		For	For		Mgmt
01/30/09 - A	Nuance Communications,		67020Y100			12/02/08		2,756
	Inc. *NUAN*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 5

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
02/03/09 - A	Emerson Electric Co. *EMR*		291011104			11/25/08		1,648
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
02/05/09 - A	Beacon Roofing Supply, Inc.		073685109			12/10/08		2,881
	*BECN*
	1	Elect Directors		For	For		Mgmt
02/11/09 - S	Fortis SA/NV		B4399L102			None		3,513
		Special Meeting Agenda
	1	Open Meeting (Non-Voting)		None	None		Mgmt
		Proposals Made by Committee of
		Experts Appointed By Court of
		Appeal of Brussels
	2.1	Receive Special Board Report (Non-		None	None		Mgmt
		Voting)
	2.2	Receive Interim Report of Committee of		None	None		Mgmt
		Experts (Non-Voting)
	2.3	Receive Board Comments on Interim		None	None		Mgmt
		Report of Committee of Experts (Non-
		Voting)
	2.4	Proposal to Vote on Item 2.5 (Voting)		None	For		Mgmt
	2.5	Approve Sale of 100 Percent of the		None	For		Mgmt
		Shares of Fortis Bank Nederland N.V.,
		Fortis Verzekeringen Nederland N.V.
		and Fortis Corporate Insurance N.V. to
		the Dutch State on Oct. 3, 2008 (Voting)
	2.6	Proposal to Vote on Item 2.7 (Voting)		None	For		Mgmt
	2.7	Approve Sale of 50 Percent Plus One		None	For		Mgmt
		Share of Fortis Bank SA/NV to the
		Federal Participation and Investment
		Corporation on Oct. 10, 2008, and the
		Transactions To Be Entered into with
		the Federal Participation and
		Investment Corporation (Voting)
	2.8	Proposal to Vote on Item 2.8 (Voting)		None	For		Mgmt
	2.9	Approve Sale of 100 Percent of the		None	For		Mgmt
		Shares of Fortis Insurance Belgium
		SA/NV to BNP Paribas on Oct. 10,
		2008, and the Transactions To Be
		Entered into with BNP Paribas and the
		Federal Participation and Investment
		Corporation (Voting)
02/11/09 - S	Fortis SA/NV		B4399L102			None		3,513
		Special Meeting Agenda
		Management Nominees Up for Board
		Election
Mgmt Rec - Company Management Recommended Vote								Page 6

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Elect Directors		For	For		Mgmt
		Shareholder Nominees Up for Board
		Election
	3.3	Elect Philippe Casier as Director		None	For		ShrHoldr
		(Voting)
	3.4	Elect Jozef De Mey as Director (Voting)		None	For		ShrHoldr
	3.5	Elect Andrew Doman as Director		None	For		ShrHoldr
		(Voting)
	3.6	Elect Georges Ugeux as Director		None	For		ShrHoldr
		(Voting)
	3.7	Elect Dirk van Daele as Director		None	Against		ShrHoldr
		(Voting)
	3.8	Elect Jan Zegering Hadders as Director		None	For		ShrHoldr
		(Voting)
	4	Close Meeting (Non-Voting)		None	None		Mgmt
02/13/09 - S	Quest Software, Inc. *QSFT*		74834T103			12/31/08		1,592
	1	Change State of Incorporation from		For	For		Mgmt
		California to Delaware
	2	Adjourn Meeting		For	For		Mgmt
02/19/09 - A	Microsemi Corp. *MSCC*		595137100			01/02/09		1,129
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director James J. Peterson --- For
	1.2	Elect Director Dennis R. Leibel ---
		Withhold
	1.3	Elect Director Thomas R. Anderson ---
		For
	1.4	Elect Director William E. Bendush ---
		For
	1.5	Elect Director William L. Healey ---
		Withhold
	1.6	Elect Director Paul F. Folino --- Withhold
	1.7	Elect Director Matthew E. Massengill ---
		Withhold
	2	Ratify Auditors		For	For		Mgmt
02/19/09 - A	Ruddick Corporation *RDK*		781258108			12/12/08		757
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
02/25/09 - A	Apple Inc. *AAPL*		037833100			12/29/08		1,893
	1	Elect Directors		For	For		Mgmt
	2	Report on Political Contributions		Against	Against		ShrHoldr
	3	Adopt Principles for Health Care Reform		Against	Against		ShrHoldr
	4	Prepare Sustainability Report		Against	Against		ShrHoldr
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 7

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Executive Officers' Compensation
03/02/09 - S	Xstrata plc		G9826T102			None		675
	1	Approve Acquisition by Xstrata Group of		For	For		Mgmt
		the Prodeco Business, the Granting by
		Xstrata (Schweiz) AG of the Call Option
		to Glencore and the Disposal by Xstrata
		Group of the Prodeco Business to
		Glencore (If and When the Call Option
		is Exercised)
	2	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from USD
		750,000,000.50 and GBP 50,000 to
		USD 2,250,000,000.50 and GBP 50,000
	3	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 991,254,176 (Rights Issue);
		Otherwise up to USD 493,363,149
	4	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 74,004,472
03/04/09 - A	Hologic, Inc. *HOLX*		436440101			01/16/09		3,108
	1	Elect Directors		For	For		Mgmt
	2	Approve Repricing of Options		For	For		Mgmt
	3	Adjourn Meeting		For	Against		Mgmt
03/04/09 - A	Parametric Technology Corp.		699173209			01/05/09		1,572
	*PMTC*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
03/05/09 - A	AECOM Technology		00766T100			01/05/09		1,388
	Corporation *ACM*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
03/10/09 - A	The Walt Disney Company		254687106			01/09/09		4,277
	*DIS*
	1	Elect Director Susan E. Arnold		For	For		Mgmt
	2	Elect Director John E. Bryson		For	For		Mgmt
	3	Elect Director John S. Chen		For	For		Mgmt
	4	Elect Director Judith L. Estrin		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 8

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Elect Director Robert A. Iger		For	For		Mgmt
	6	Elect Director Steven P. Jobs		For	For		Mgmt
	7	Elect Director Fred H. Langhammer		For	For		Mgmt
	8	Elect Director Aylwin B. Lewis		For	For		Mgmt
	9	Elect Director Monica C. Lozano		For	For		Mgmt
	10	Elect Director Robert W. Matschullat		For	For		Mgmt
	11	Elect Director John E. Pepper , Jr.		For	For		Mgmt
	12	Elect Director Orin C. Smith		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Amend Omnibus Stock Plan		For	Against		Mgmt
	15	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	16	Report on Political Contributions		Against	Against		ShrHoldr
	17	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
	18	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
03/11/09 - A	Franklin Resources, Inc.		354613101			01/12/09		592
	*BEN*
	1	Elect Director Samuel H. Armacost		For	For		Mgmt
	2	Elect Director Charles Crocker		For	For		Mgmt
	3	Elect Director Joseph R. Hardiman		For	For		Mgmt
	4	Elect Director Robert D. Joffe		For	For		Mgmt
	5	Elect Director Charles B. Johnson		For	For		Mgmt
	6	Elect Director Gregory E. Johnson		For	For		Mgmt
	7	Elect Director Rupert H. Johnson, Jr.		For	For		Mgmt
	8	Elect Director Thomas H. Kean		For	For		Mgmt
	9	Elect Director Chutta Ratnathicam		For	For		Mgmt
	10	Elect Director Peter M. Sacerdote		For	For		Mgmt
	11	Elect Director Laura Stein		For	For		Mgmt
	12	Elect Director Anne M. Tatlock		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Amend Executive Incentive Bonus Plan		For	For		Mgmt
03/12/09 - A	Banco Bilbao Vizcaya		E11805103			None		4,879
	Argentaria, S.A.
	1	Approve Individual and Consolidated		For	For		Mgmt
		Financial Statements and Statutory
		Reports; Approve Allocation of Income
		and Distribution of Dividends for Fiscal
		Year Ended Dec. 31, 2007; Approve
		Discharge of Directors
	2.1	Add New Article 53 bis to the		For	For		Mgmt
		Company's Bylaws Regarding
		Distribution of Stock Dividend Charged
		to Share Issuance Premium Reserve
	2.2	Approve Stock Dividend from Treasury		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 9

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Shares for Distribution to Shareholders
		Charged to Share Issuance Premium
		Reserve
	3	Approve Merger by Absorption of Banco		For	For		Mgmt
		de Credito Local de Espana, S.A.U. and
		BBVA Factoring E.F.C., S.A.U. by
		Company; Approve Merger Balance
		Sheet as of Dec. 31, 2008
	4	Elect Directors		For	For		Mgmt
	5	Approve Increase in Capital in		For	For		Mgmt
		Accordance with Article 153.1.b of
		Spanish Company Law Up to 50
		Percent of Capital and with the Powers
		to Exclude Preemptive Rights
	6	Authorize Increase in Capital via		For	For		Mgmt
		Issuance of Fixed Debt Securities Non-
		Convertible up to the Amount of EUR 50
		Billion
	7	Authorize Share Repurchase and		For	For		Mgmt
		Subsequent Capital Reduction via
		Amortization of Shares
	8.1	Liquidation of Long-Term Compensation		For	For		Mgmt
		Plan for Years 2006-2008
	8.2	Approve Variable Remuneration for		For	For		Mgmt
		Fiscal Years 2009-2010 Consisting of
		the Delivery of Company's Shares for
		Executive Officers, Including Executive
		Members of the Board and Members of
		the Executive Committee
	9	Re-elect Auditors for Fiscal Year 2009		For	For		Mgmt
	10	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
03/16/09 - S	ASSURED GUARANTY LTD		G0585R106			02/06/09		1,322
	*AGO*
	1	Approve Issuance of Shares to Dexia		For	For		Mgmt
		Holdings, Inc. in Connection with the
		Acquisition of Financial Security
		Assurance Holdings Ltd.
	2	Approve Issuance of Shares to WLR		For	For		Mgmt
		Recovery Fund IV, L.P. in Connection
		with the Financing of the Acquisition of
		Financial Security Assurance Holdings
		Ltd.
03/18/09 - A	Hewlett-Packard Company		428236103			01/20/09		5,593
	*HPQ*
	1	Elect Director Lawrence T. Babbio, Jr.		For	For		Mgmt
	2	Elect Director Sari M. Baldauf		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 10

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Elect Director Rajiv L. Gupta		For	For		Mgmt
	4	Elect Director John H. Hammergren		For	For		Mgmt
	5	Elect Director Mark V. Hurd		For	For		Mgmt
	6	Elect Director Joel Z. Hyatt		For	For		Mgmt
	7	Elect Director John R. Joyce		For	For		Mgmt
	8	Elect Director Robert L. Ryan		For	For		Mgmt
	9	Elect Director Lucille S. Salhany		For	For		Mgmt
	10	Elect Director G. Kennedy Thompson		For	For		Mgmt
	11	Ratify Auditors		For	For		Mgmt
03/19/09 - A	Hovnanian Enterprises, Inc.		442487203			01/22/09		4,150
	*HOV*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
03/19/09 - S	HSBC Holdings plc		G4634U169			None		13,855
	1	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from USD
		7,500,100,000, GBP 401,500 and EUR
		100,000 to USD 10,500,100,000, GBP
		401,500 and EUR 100,000
	2	Subject to the Passing of Resolution 1,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 2,530,200,000 (Rights Issue)
	3	Subject to the Passing of Resolution 2,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 2,530,200,000 (Rights Issue)
03/19/09 - A	Iberdrola S.A.		E6165F166			None		4,342
	1	Accept Individual and Consolidated		For	For		Mgmt
		Financial Statements and Statutory
		Reports for Fiscal Year 2008
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Receive Management's Report on		For	For		Mgmt
		Company and Consolidated Group
	4	Approve Discharge of Directors		For	For		Mgmt
	5	Re-Appoint Auditors for Company and		For	For		Mgmt
		Consolidated Group for Fiscal Year
		2009
	6	Ratify Appointment of Mrs. Samantha		For	For		Mgmt
		Barber as Independent Director
	7	Authorize Repurchase of Shares in the		For	For		Mgmt
		Amount of up to 5 Percent of Share
Mgmt Rec - Company Management Recommended Vote								Page 11

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Capital; Void Authorization Granted at
		the AGM held on April 17, 2008
	8	Authorize the Board to Issue		For	For		Mgmt
		Bonds/Debentures/Other Debt
		Securities up to Aggregate Nominal
		Amount of EUR 20 Billion and
		Promissory Notes up to an Amount of
		EUR 6 Billion; Void Authorization
		Granted at the AGM held on April 17,
		2008
	9	Authorize Issuance of		For	For		Mgmt
		Bonds/Debentures/Warrants With Pre-
		Emptive Rights up to Aggregate
		Nominal Amount of EUR 5 billion
	10	Approve the Listing and Delisting of		For	For		Mgmt
		Shares, Debt Securities, Bonds,
		Promissory Notes, and Preferred Stock,
		in Spain and Foreign Secondary
		Markets; Void Authorization Granted at
		the AGM held on April 17, 2008
	11	Authorize Board to Approve the		For	For		Mgmt
		Creation of Foundation; Void
		Authorization Granted at the AGM held
		on April 17, 2008
	12.1	Amend Articles 23, 28, 34, 36, 37, 38,		For	For		Mgmt
		45, 46, 47, and 49 of Company Bylaws
	12.2	Amend Articles 57 and 58 of Company		For	For		Mgmt
		Bylaws
	13	Amend and Approve New Text of		For	For		Mgmt
		General Meeting Guidelines
	14	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
03/23/09 - A	Clarcor, Inc. *CLC*		179895107			02/06/09		680
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
03/26/09 - A	Vestas Wind System AS		K9773J128			None		216
	1	Receive Report of Board		None	None		Mgmt
	2	Receive and Approve Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Omission of Dividends
	4a	Reelect Bent Carlsen as Director		For	For		Mgmt
	4b	Reelect Torsten Rasmussen as Director		For	For		Mgmt
	4c	Reelect Freddy Frandsen as Director		For	For		Mgmt
	4d	Reelect Joergen Rasmussen as		For	For		Mgmt
		Director
	4e	Reelect Joern Ankaer Thomsen as		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 12

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Director
	4f	Reelect Kurt Anker Nielsen as Director		For	For		Mgmt
	4g	Elect Haakan Eriksson as New Director		For	For		Mgmt
	4h	Elect Ola Rollen as New Director		For	For		Mgmt
	5a	Ratify PricewaterhouseCoopers as		For	For		Mgmt
		Auditor
	5b	Ratify KPMG as Auditor		For	For		Mgmt
	6.1	Approve Guidelines for Incentive-Based		For	For		Mgmt
		Compensation for Executive
		Management
	6.2	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Other Business (Non-Voting)		None	None		Mgmt
03/27/09 - S	BNP Paribas		F1058Q238			03/24/09		1,010
		Special Business
	1	Authorize New Class of Preferred Stock		For	For		Mgmt
		(Class B) and Amend Bylaws
		Accordingly, Subject to Approval of Item
		2
	2	Authorize Issuance of Preferred Stock		For	For		Mgmt
		(Class B) in Favor of Societe de Prise
		de Participation de l'Etat (SPPE) for up
		to Aggregate Nominal Amount of EUR
		608,064,070, Subject to Approval of
		Item 1
	3	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	4	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 1 Billion for Bonus Issue or
		Increase in Par Value, Subject to
		Approval of Items 1 and 2
	5	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
03/27/09 - A	Canon Inc. *7751*		J05124144			12/31/08		1,281
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JY 55
	2	Amend Articles to Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
	4	Approve Retirement Bonus for Director		For	For		Mgmt
	5	Approve Payment of Annual Bonuses to		For	For		Mgmt
		Directors
	6	Approve Stock Option Plan		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 13

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
03/27/09 - A	Royal Philips Electronics		N6817P109			03/05/09		1,446
	N.V.
		Annual Meeting
	1	President's Speech		None	None		Mgmt
	2a	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2b	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	2c	Approve Dividends of EUR 0.70 Per		For	For		Mgmt
		Share
	2d	Approve Discharge of Management		For	For		Mgmt
		Board
	2e	Approve Discharge of Supervisory		For	For		Mgmt
		Board
	3	Reelect P-J. Sivignon to Management		For	For		Mgmt
		Board
	4a	Elect J.J. Schiro to Supervisory Board		For	For		Mgmt
	4b	Elect J. van der Veer to Supervisory		For	For		Mgmt
		Board
	4c	Elect C.A. Poon to Supervisory Board		For	For		Mgmt
	5	Amend Long-Term Incentive Plan		For	For		Mgmt
	6a	Grant Board Authority to Issue Shares		For	For		Mgmt
		Up To 10 Percent of Issued Capital Plus
		Additional 10 Percent in Case of
		Takeover/Merger
	6b	Authorize Board to Exclude Preemptive		For	For		Mgmt
		Rights from Issuance under Item 6a
	7	Authorize Repurchase of Shares		For	For		Mgmt
	8	Other Business (Non-Voting)		None	None		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 14

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/12/09 - A	3M CO *MMM*		88579Y101			03/13/09		1,579
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Bylaws-- Call Special Meetings		Against	Against		ShrHoldr
		Currently, shareholders have 25% right to call special
		meeting.
	4	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		that stock ownership guidelines already in place are
		not appropriate or that proposal will result in
		improved shareholder returns.
04/24/09 - A	Abbott Laboratories *ABT*		002824100			02/25/09		3,091
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
	3	Approve Nonqualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
	5	Report on Animal Testing		Against	Against		ShrHoldr
		Mgmt responded meaningfully; company has already
		achieved overall goals of proposal, does not appear
		to be non-compliance with current law; no evidence
		that proposal would improve shareholder returns.
	6	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Mgmt responded meaningfully; no evidence that
		company is not in compliance with current law or that
		proposal would improve shareholder returns; issues
		more appropriately addressed at federal and state
		government levels.
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Same language as previously supported by PPC.
06/18/09 - A	Aeropostale, Inc *ARO*		007865108			04/23/09		1,003
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/04/09 - A	AFLAC Incorporated *AFL*		001055102			02/24/09		960
	1	Elect Directors		For	For		Mgmt
	2	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	3	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 1

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/14/09 - A	Alexanders, Inc *ALX*		014752109			03/13/09		80
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	Alexandria Real Estate		015271109			03/31/09		422
	Equities, Inc. *ARE*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Joel S. Marcus --- For
	1.2	Elect Director Richard B. Jennings ---
		Withhold
		Comp committee member during period of poor pay
		practices; CEO pay significantly above
		peers/company performance below peers; CEO tax
		gross-ups on restricted stock awards (up to $1 mil).
	1.3	Elect Director John L. Atkins, III --- For
	1.4	Elect Director Richard H. Klein ---
		Withhold
		Comp committee member during period of poor pay
		practices; CEO pay significantly above
		peers/company performance below peers; CEO tax
		gross-ups on restricted stock awards (up to $1 mil).
	1.5	Elect Director James H. Richardson ---
		For
	1.6	Elect Director Martin A. Simonetti ---
		For
	1.7	Elect Director Alan G. Walton ---
		Withhold
		Comp committee member during period of poor pay
		practices; CEO pay significantly above
		peers/company performance below peers; CEO tax
		gross-ups on restricted stock awards (up to $1 mil).
	2	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Alexion Pharmaceuticals,		015351109			03/24/09		930
	Inc. *ALXN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/27/09 - A	Alliance Healthcare Service,		018606202			04/16/09		4,169
	Inc. *AIQ*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 14.77% exceeds allowable cap of
Mgmt Rec - Company Management Recommended Vote								Page 2

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		13.91%.
	3	Ratify Auditors		For	For		Mgmt
04/29/09 - A	Allianz SE (formerly Allianz		D03080112			None		603
	AG)
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 3.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Elect Karl Grimm to the Supervisory		For	For		Mgmt
		Board
	6	Authorize Repurchase of up to 5		For	For		Mgmt
		Percent of Issued Share Capital for
		Trading Purposes
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Authorize Use of Financial Derivatives		For	For		Mgmt
		of up to 5 Percent of Issued Share
		Capital When Repurchasing Shares
	9	Amend Articles Re: Entry of Nominees		For	For		Mgmt
		in the Shareholders' Register
	10	Amend Articles Re: First Supervisory		For	For		Mgmt
		Board of Allianz SE, Electronic
		Participation in the Annual Meeting,
		and Audio and Video Transmission of
		Annual Meeting due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
	11	Approve Affiliation Agreement with		For	For		Mgmt
		Subsidiary Allianz Shared Infrastructure
		Services SE
05/20/09 - A	Alpha Natural Resources,		02076X102			03/23/09		850
	Inc. *ANR*
	1	Elect Directors		For	For		Mgmt
	2	Increase Authorized Common Stock		For	For		Mgmt
		Passes Mellon calculations.
	3	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 3

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/23/09 -	Alstom		F0259M475			06/18/09		279
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.12 per Share
	4	Approve Special Auditors' Report		For	For		Mgmt
		Regarding Ongoing Related-Party
		Transaction
	5	Approve Transaction with Patrick Kron		For	For		Mgmt
	6	Ratify PricewaterhouseCoopers Audit		For	For		Mgmt
		as Auditor
	7	Ratify Mazars as Auditor		For	For		Mgmt
	8	Ratify Yves Nicolas as Alternate		For	For		Mgmt
		Auditor
	9	Ratify Patrick de Cambourg as		For	For		Mgmt
		Alternate Auditor
	10	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	11	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	12	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/06/09 - A	Altra Holdings Inc. *AIMC*		02208R106			03/23/09		1,932
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Edmund M. Carpenter ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.2	Elect Director Carl R. Christenson ---
		For
	1.3	Elect Director Lyle G. Ganske --- For
	1.4	Elect Director Michael L. Hurt --- For
	1.5	Elect Director Michael S. Lipscomb ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director Larry McPherson ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.7	Elect Director James H. Woodward Jr. -
		-- For
Mgmt Rec - Company Management Recommended Vote								Page 4

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Ratify Auditors		For	For		Mgmt
04/30/09 - A	American Axle and		024061103			03/03/09		3,631
	Manufacturing Holdings, Inc.
	*AXL*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Salvatore J. Bonanno,
		Sr. --- For
		New board member.
	1.2	Elect Director David C. Dauch --- For
		New board member.
	1.3	Elect Director Forest J. Farmer ---
		Withhold
		Poor pay practices; pay/performance disconnect;
		multiple entrenchment devices.
	1.4	Elect Director Richard C. Lappin ---
		Withhold
		Poor pay practices; pay/performance disconnect;
		multiple entrenchment devices.
	1.5	Elect Director Thomas K. Walker ---
		Withhold
		Poor pay practices; pay/performance disconnect;
		multiple entrenchment devices.
	2	Ratify Auditors		For	For		Mgmt
06/04/09 - A	American Equity Investment		025676206			04/09/09		3,334
	Life Holding *AEL*
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 8.02% is within allowable cap of
		9.15%.
	3	Ratify Auditors		For	For		Mgmt
04/27/09 - A	American Express Co. *AXP*		025816109			02/27/09		2,475
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director D.F. Akerson --- For
	1.2	Elect Director C. Barshefsky --- For
	1.3	Elect Director U.M. Burns --- For
	1.4	Elect Director K.I. Chenault --- For
	1.5	Elect Director P. Chernin --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
Mgmt Rec - Company Management Recommended Vote								Page 5

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.6	Elect Director J. Leschly --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.7	Elect Director R.C. Levin --- For
	1.8	Elect Director R.A. Mcginn --- Against
		Comp committee member during      period of
		pay/performance disconnect and poor pay practices.
	1.9	Elect Director E.D. Miller --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.10	Elect Director S.S Reinemund --- For
	1.11	Elect Director R.D. Walter --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.12	Elect Director R.A. Williams --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Pay/performance disconnect and poor pay practices.
	4	Provide for Cumulative Voting		Against	Against		ShrHoldr
	5	Amend Bylaws-- Call Special Meetings		Against	For		ShrHoldr
		Currently no right to call special meeting or act by
		written consent.
06/30/09 - A	American International		026874107			05/22/09		7,511
	Group, Inc. *AIG*
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Dennis D. Dammerman -
		-- For
	1.2	Elect Director Harvey Golub --- For
	1.3	Elect Director Laurette T. Koellner ---
		For
	1.4	Elect Director Edward M. Liddy --- For
	1.5	Elect Director Christopher S. Lynch ---
		For
	1.6	Elect Director Arthur C. Martinez --- For
		Sits on 7 boards but will reduce to 4 within 12
		months.
	1.7	Elect Director George L. Miles, Jr. ---
		For
	1.8	Elect Director Robert S. Miller --- For
	1.9	Elect Director Suzanne Nora Johnson -
		-- For
	1.10	Elect Director Morris W. Offit --- For
Mgmt Rec - Company Management Recommended Vote								Page 6

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.11	Elect Director Douglas M. Steenland ---
		For
	2	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices at the moment;
		remediation of prior poor practices appears to be in
		place but will require ongoing monitoring.
	3	Increase Authorized Common Stock		For	For		Mgmt
	4	Approve Reverse Stock Split		For	For		Mgmt
	5	Increase Authorized Preferred Stock		For	Against		Mgmt
	6	Amend Certificate of Incorporation		For	For		Mgmt
		No negative impact to common shareholder if
		approved; of not approved required to be presented
		to shareholders every 12 months.
	7	Amend Certificate of Incorporation to		For	For		Mgmt
		Eliminate Restrictions on Pledge of
		Assets
		Needed to comply with NY Fed agreement.
	8	Ratify Auditors		For	For		Mgmt
	9	Stock Retention/Holding Period		Against	For		ShrHoldr
		Though TARP rules govern executive comp now,
		company did not indicate what its stock retention
		policy would be post-TARP.
	10	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		25% threshold is already in place as well as right to
		act by written consent.
	11	Reincorporate in Another State [from		Against	Against		ShrHoldr
		Delaware to North Dakota]
05/07/09 - A	AmeriGroup Corp. *AGP*		03073T102			03/09/09		371
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 11.85% is within allowable cap of
		12.35%.
05/06/09 - A	Amgen, Inc. *AMGN*		031162100			03/09/09		2,143
	1	Elect Director David Baltimore		For	For		Mgmt
	2	Elect Director Frank J. Biondi, Jr.		For	For		Mgmt
	3	Elect Director Francois de Carbonnel		For	For		Mgmt
	4	Elect Director Jerry D. Choate		For	For		Mgmt
	5	Elect Director Vance D. Coffman		For	For		Mgmt
	6	Elect Director Frederick W. Gluck		For	For		Mgmt
	7	Elect Director Frank C. Herringer		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 7

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Elect Director Gilbert S. Omenn		For	For		Mgmt
	9	Elect Director Judith C. Pelham		For	For		Mgmt
	10	Elect Director J. Paul Reason		For	For		Mgmt
	11	Elect Director Leonard D. Schaeffer		For	For		Mgmt
	12	Elect Director Kevin W. Sharer		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Approve Omnibus Stock Plan		For	Against		Mgmt
	15	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
	16	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
		Share holds do not currently have right to written
		consent or special meeting.
	17	Reincorporate in Another State [from		Against	Against		ShrHoldr
		Delaware to North Dakota ]
		No evidence that cost of move will be offset by
		improved shareholder returns or rights that cannot or
		have not been achieved in current state.
05/04/09 - A	Amkor Technology, Inc.		031652100			03/20/09		2,848
	*AMKR*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director James J. Kim --- For
	1.2	Elect Director Roger A. Carolin ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect.
	1.3	Elect Director Winston J. Churchill ---
		For
	1.4	Elect Director John T. Kim --- For
	1.5	Elect Director Stephen G. Newberry ---
		For
	1.6	Elect Director John F. Osborne ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect.
	1.7	Elect Director James W. Zug --- For
	2	Ratify Auditors		For	For		Mgmt
04/15/09 - A	Anglo American plc		G03764134			None		1,690
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Re-elect David Challen as Director		For	For		Mgmt
	3	Re-elect Dr Chris Fay as Director		For	For		Mgmt
	4	Re-elect Sir Rob Margetts as Director		For	For		Mgmt
	5	Re-elect Sir Mark Moody-Stuart as		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 8

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Director
	6	Re-elect Fred Phaswana as Director		For	For		Mgmt
	7	Re-elect Mamphela Ramphele as		For	For		Mgmt
		Director
	8	Re-elect Peter Woicke as Director		For	For		Mgmt
	9	Reappoint Deloitte LLP as Auditors of		For	For		Mgmt
		the Company
	10	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	11	Approve Remuneration Report		For	For		Mgmt
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 72,300,000
	13	Subject to the Passing of Resolution		For	For		Mgmt
		12, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 36,100,000
	14	Authorise 197,300,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
05/12/09 - A	Anixter International Inc.		035290105			03/20/09		556
	*AXE*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/14/09 - A	Ansys, Inc. *ANSS*		03662Q105			03/18/09		1,037
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/06/09 - A	AptarGroup, Inc. *ATR*		038336103			03/12/09		904
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/12/09 -	ArcelorMittal		L0302D129			None		2,702
A/S
		Annual Meeting
	1	Receive Consolidated Financial		None	None		Mgmt
		Statements and Directors' and Auditors'
		Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements
	3	Accept Financial Statements		For	For		Mgmt
	4	Acknowledge Allocation of Income and		For	For		Mgmt
		Dividends
	5	Approve Allocation of Income and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 9

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Dividends of USD 0.75 per Share
	6	Approve Remuneration of Directors		For	For		Mgmt
	7	Approve Discharge of Directors		For	For		Mgmt
	8	Approve Retirement of Directors		For	For		Mgmt
	9	Reelect Narayanan Vaghul as Director		For	Against		Mgmt
		Effective boards exercise independent judgment
		when carrying out their fiduciary responsibilities. By
		requiring a majority of the board to consist of
		independent directors, the possibility of conflicts of
		interest is reduced and the quality of board oversight
		is increased. For this market, a vote against the
		election or reelection of any non-independent
		directors (excluding the CEO) is warranted if the
		proposed board does not consist of a majority of
		independent directors. At ArcelorMittal, only 23
		percent of the board is independent. As the election
		of the nominees will not increase the proportion of
		independent directors among the board, these
		proposals do not merit support.
	10	Reelect Wilbur L. Ross as Director		For	Against		Mgmt
	11	Reelect Francois Pinault as Director		For	Against		Mgmt
		Effective boards exercise independent judgment
		when carrying out their fiduciary responsibilities. By
		requiring a majority of independent directors, the
		possibility of conflicts of interest is reduced and the
		quality of board oversight is increased. For this
		market, RMG will recommend a vote for the election
		or reelection of any non-independent directors
		(excluding the CEO) if the proposed board consists
		of a majority of independent directors. At
		ArcelorMittal, 23 percent of the board is independent.
		As the election of the nominee who is considered to
		be a non-independent director for the reasons set
		forth above, will not increase the number of
		independent directors on the board, this proposal
		does not merit approval.
	12	Approve Share Repurchase Program		For	Against		Mgmt
		As the share repurchase program can be continued
		during a takeover period, opposition to this proposal
		is warranted.
	13	Ratify Deloitte SA as Auditors		For	For		Mgmt
	14	Approve Bonus Plan		For	For		Mgmt
	15	Approve Stock Option Plan		For	Against		Mgmt
		Because the potential dilution under all stock option
		plans and convertible bonds exceeds 5 percent, the
		company has failed to attach challenging
		performance criteria, and part of the allocated
		options vest before three years, a vote against this
		proposal is warranted.
Mgmt Rec - Company Management Recommended Vote								Page 10

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	16	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
		Special Meeting
	17	Approve Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights and Amend Article 5.5
		Accordingly
06/17/09 - S	ArcelorMittal		L0302D129			None		1,351
		Special Meeting
	1	Approve Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights Within Limits of Authorized
		Capital and Amend Article 5.5
		Accordingly
04/29/09 - A	Aspen Insurance Holdings,		G05384105			03/02/09		1,189
	Ltd. *AHL*
	1	Elect Directors		For	For		Mgmt
	2	Appoint KPMG Audit Plc as Auditors		For	For		Mgmt
		and Authorize Board to Fix Their
		Remuneration
	3	Adopt the Amended and Restated Bye-		For	For		Mgmt
		laws
	4	Adopt the Amendments to the		For	For		Mgmt
		Memorandum of Association
	5.1	Elect Glyn Jones as Director of Aspen		For	For		Mgmt
		Insurance UK Limited
	5.2	Elect Christopher O'Kane as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.3	Elect Richard Bucknall as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.4	Elect Ian Cormack as Director of Aspen		For	For		Mgmt
		Insurance UK Limited
	5.5	Elect Richard Houghton as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.6	Elect Stephen Rose as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.7	Elect Oliver Peterken as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.8	Elect Heidi Hutter as Director of Aspen		For	For		Mgmt
		Insurance UK Limited
	6	Amend Aspen Insurance UK Limited's		For	For		Mgmt
		Articles of Association
	7.1	Elect Christopher O'Kane as Director of		For	For		Mgmt
		Aspen Insurance UK Services Limited
	7.2	Elect Richard Houghton as Director of		For	For		Mgmt
		Aspen Insurance UK Services Limited
	7.3	Elect Stephen Rose as Director of		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 11

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Aspen Insurance UK Services Limited
	8	Amend Aspen Insurance UK Services		For	For		Mgmt
		Limited's Articles of Association
	9.1	Elect Christopher O'Kane as Director of		For	For		Mgmt
		Aspen Insurance (UK) Holdings Limited
	9.2	Elect Richard Houghton as Director of		For	For		Mgmt
		Aspen Insurance (UK) Holdings Limited
	9.3	Elect Stephen Rose as Director of		For	For		Mgmt
		Aspen Insurance (UK) Holdings Limited
	10	Amend Aspen (UK) Holdings Limited's		For	For		Mgmt
		Articles of Association
	11.1	Elect Stephen Rose as Director of		For	For		Mgmt
		AIUK Trustees Limited
	11.2	Elect John Henderson as Director of		For	For		Mgmt
		AIUK Trustees Limited
	11.3	Elect Christopher Woodman as Director		For	For		Mgmt
		of AIUK Trustees Limited
	11.4	Elect Michael Cain as Director of AIUK		For	For		Mgmt
		Trustees Limited
	11.5	Elect Katharine Wade as Director of		For	For		Mgmt
		AIUK Trustees Limited
	12	Amend AIUK Trustees Limited's		For	For		Mgmt
		Articles of Association
	13.1	Elect Karen Green as Director of Aspen		For	For		Mgmt
		Underwriting Limited
	13.2	Elect Christopher O'Brien as Director of		For	For		Mgmt
		Aspen Underwriting Limited
	14	Amend Aspen Underwriting Limited's		For	For		Mgmt
		Articles of Association
	15.1	Elect Richard Bucknall as Director of		For	For		Mgmt
		Aspen Managing Agency Limited
	15.2	Elect John Hobbs as Director of Aspen		For	For		Mgmt
		Managing Agency Limited
	15.3	Elect James Ingham Clark as Director		For	For		Mgmt
		of Aspen Managing Agency Limited
	15.4	Elect Robert Long as Director of Aspen		For	For		Mgmt
		Managing Agency Limited
	15.5	Elect Christopher O'Brien as Director of		For	For		Mgmt
		Aspen Managing Agency Limited
	15.6	Elect Matthew Yeldham as Director of		For	For		Mgmt
		Aspen Managing Agency Limited
	15.7	Elect Karen Green as Director of Aspen		For	For		Mgmt
		Managing Agency Limited
	15.8	Elect Heidi Hutter as Director of Aspen		For	For		Mgmt
		Managing Agency Limited
	16	Amend Aspen Managing Agency		For	For		Mgmt
		Limited's Articles of Association
	17.1	Elect Christopher O'Kane as Director of		For	For		Mgmt
		Aspen Insurance Ltd. and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
Mgmt Rec - Company Management Recommended Vote								Page 12

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Directors
	17.2	Elect Julian Cusack as Director of		For	For		Mgmt
		Aspen Insurance Ltd. and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.3	Elect James Few as Director of Aspen		For	For		Mgmt
		Insurance Limited and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.4	Elect Oliver Peterken as Director of		For	For		Mgmt
		Aspen Insurance Limited and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.5	Elect David Skinner as Director of		For	For		Mgmt
		Aspen Insurance Ltd. and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.6	Elect Karen Green as Director of Aspen		For	For		Mgmt
		Insurance Limited and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.7	Elect Heather Kitson as Director of		For	For		Mgmt
		Aspen Insurance Limited and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	18	Appoint KPMG Audit Plc as Auditor of		For	For		Mgmt
		Aspen Insurance Limited and Authorize
		its Board to Fix Their Remuneration
	19	Amend Aspen Insurance Limited's Bye-		For	For		Mgmt
		Laws
	20	Amend Aspen Insurance Limited's		For	For		Mgmt
		Memorandum of Association
04/24/09 - A	Assicurazioni Generali Spa		T05040109			04/22/09		1,475
		Ordinary Business
	1	Accept Financial Statements,		For	For		Mgmt
		Consolidated Financial Statements,
		Statutory Reports and External
		Auditors' Reports; Allocation of Income
Mgmt Rec - Company Management Recommended Vote								Page 13

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Elect Director		For	Against		Mgmt
		The company has several corporate governance
		issues. First, it does not comply with the Italian
		corporate governance code in term of lead
		independent director. Second, several directors have
		an attendance rate that is below 45 (Muller has not
		attended a single board meeting since 2006). Finally,
		the company failed to provide the name of the
		nominee to be elected as director. Therefore,
		given the lack of disclosure with respect to board
		nominee and the company's adherence to poor
		corporate governance practices in general, this
		resolution does not warrant approval.
	3	Fix Number of Members and Elect		For	For		Mgmt
		Consiglio Generale (Advisory Body)
05/07/09 - A	ASSURED GUARANTY LTD		G0585R106			03/17/09		1,322
	*AGO*
	1	Elect Directors		For	For		Mgmt
	2	Amend 2004 Long-Term Incentive Plan		For	For		Mgmt
	3	Amend Employee Stock Purchase Plan		For	For		Mgmt
	4	Ratify PricewaterhouseCoopers LLP as		For	For		Mgmt
		the Company's Independent Auditors
		Subsidiary Proposals
	5.1.1	Elect Howard Albert as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.2	Elect Robert A. Bailenson as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.3	Elect Gary Burnet as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.4	Elect Dominic J. Frederico as Director		For	For		Mgmt
		of Assured Guaranty Re Ltd.
	5.1.5	Elect James M. Michener as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.6	Elect Robert B. Mills as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.7	Elect David Penchoff as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.8	Elect Andrew Pickering as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.2	Ratify PricewatehouseCoopers LLP as		For	For		Mgmt
		Assured Guaranty Re Ltd.'s
		Independent Auditors
04/30/09 - A	AstraZeneca plc		G0593M107			None		1,419
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Confirm First Interim Dividend of USD		For	For		Mgmt
		0.55 (27.8 Pence, 3.34 SEK) Per
Mgmt Rec - Company Management Recommended Vote								Page 14

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Ordinary Share; Confirm as Final
		Dividend the Second Interim Dividend
		of USD 1.50 (104.8 Pence, 12.02 SEK)
		Per Ordinary Share
	3	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		of the Company
	4	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	5(a)	Re-elect Louis Schweitzer as Director		For	For		Mgmt
	5(b)	Re-elect David Brennan as Director		For	For		Mgmt
	5(c)	Re-elect Simon Lowth as Director		For	For		Mgmt
	5(d)	Re-elect Bo Angelin as Director		For	For		Mgmt
	5(e)	Re-elect John Buchanan as Director		For	For		Mgmt
	5(f)	Re-elect Jean-Philippe Courtois as		For	For		Mgmt
		Director
	5(g)	Re-elect Jane Henney as Director		For	For		Mgmt
	5(h)	Re-elect Michele Hooper as Director		For	For		Mgmt
	5(i)	Elect Rudy Markham as Director		For	For		Mgmt
	5(j)	Re-elect Dame Nancy Rothwell as		For	For		Mgmt
		Director
	5(k)	Re-elect John Varley as Director		For	For		Mgmt
	5(l)	Re-elect Marcus Wallenberg as		For	For		Mgmt
		Director
	6	Approve Remuneration Report		For	For		Mgmt
	7	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Parties, to Make
		EU Political Donations to Political
		Organisations Other Than Political
		Parties and to Incur EU Political
		Expenditure up to USD 250,000
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 120,636,176
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 18,095,426
	10	Authorise 144,763,412 Ordinary Shares		For	For		Mgmt
		for Market Purchase
04/24/09 - A	AT&T Inc *T*		00206R102			02/25/09		13,662
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Randall L. Stephenson --
		- For
	1.2	Elect Director William F. Aldinger III ---
		Against
		Comp committee member during period of poor pay
		practices.
Mgmt Rec - Company Management Recommended Vote								Page 15

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.3	Elect Director Gilbert F. Amelio ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.4	Elect Director Reuben V. Anderson ---
		For
	1.5	Elect Director James H. Blanchard ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director August A. Busch III ---
		For
	1.7	Elect Director Jaime Chico Pardo ---
		Against
		Sits on 6 public boards.
	1.8	Elect Director James P. Kelly --- For
	1.9	Elect Director Jon C. Madonna --- For
	1.10	Elect Director Lynn M. Martin --- For
	1.11	Elect Director John B. McCoy --- For
	1.12	Elect Director Mary S. Metz --- For
	1.13	Elect Director Joyce M. Roch --- For
	1.14	Elect Director Laura D Andrea Tyson ---
		For
	1.15	Elect Director Patricia P. Upton ---
		Against
		Comp committee member during period of poor pay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Increase Authorized Common Stock		For	For		Mgmt
	4	Report on Political Contributions		Against	Against		ShrHoldr
		Mmgt responded meaningfully; no evidence that
		company is not in compliane with current law or that
		proposal will result in improved shareholder returns.
	5	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholders already have right to act by written
		consent and 25% to call a special meeting.
	6	Provide for Cumulative Voting		Against	Against		ShrHoldr
	7	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	8	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Same non-binding advisory ratification proposal
		previously supported by PPC.
	9	Exclude Pension Credits ftom Earnings		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 16

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Performance Measure
		Employee pension plan income is not company
		income or reflective of company performance.
04/30/09 -	Axa		F06106102			04/27/09		2,318
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.40 per Share
	4	Approve Auditors' Special Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Reelect Jacques de Chateauvieux as		For	For		Mgmt
		Supervisory Board Member
		As a result of Michel Pebereau's executive with BNP
		Paribas and his excessive number of other
		directroships, his reelection does not merit support
	6	Reelect Anthony Hamilton as		For	For		Mgmt
		Supervisory Board Member
	7	Reelect Michel Pebereau as		For	Against		Mgmt
		Supervisory Board Member
	8	Reelect Dominique Reiniche as		For	For		Mgmt
		Supervisory Board Member
	9	Elect Ramon de Oliveira as		For	For		Mgmt
		Supervisory Board Member
	10	Authorize Repurchase of Up to 10		For	Against		Mgmt
		Percent of Issued Share Capital
		As the share repurchase program can be continued
		during a takeover period, provided that the reciprocity
		principle applies, this item does not merit support.
		Special Business
	11	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 1 Billion for Bonus Issue or
		Increase in Par Value
	12	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 2 Billion
	13	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 1 Billion
	14	Authorize Board to Set Issue Price for		For	For		Mgmt
		10 Percent of Issued Capital Pursuant
		to Issue Authority without Preemptive
Mgmt Rec - Company Management Recommended Vote								Page 17

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Rights
	15	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Items 12 to 14 and
		16 to 18
	16	Authorize Capital Increase of Up to		For	For		Mgmt
		EUR 1 Billion for Future Exchange
		Offers
	17	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	18	Authorize Issuance of Equity upon		For	For		Mgmt
		Conversion of a Subsidiary's Equity-
		Linked Securities for Up to EUR 1
		Billion
	19	Approve Issuance of Securities		For	For		Mgmt
		Convertible into Debt
	20	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	21	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for Employees of
		International Subsidiaries
	22	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	23	Authorize Issuance of Preferred Stock		For	Against		Mgmt
		in Favor of Axa Assurances IARD
		Mutuelle and Axa Assurances Vie
		Mutuelle for up to Aggregate Nominal
		Amount of EUR 1 Billion
		Items 23 and 25 could result in treating shareholders
		unequally because of the potentially higher preferred
		dividend rates attached to shares issued to specific
		parties. For this reason, Items 23 and 25 do not merit
		approval.
	24	Authorize Issuance of Preferred Stock		For	For		Mgmt
		with Preemptive Rights for up to
		Aggregate Nominal Amount of EUR 1
		Billion
	25	Authorize Issuance of Preferred Stock		For	Against		Mgmt
		without Preemptive Rights for up to
		Aggregate Nominal Amount of EUR 1
		Billion
	26	Adopt New Articles of Association,		For	For		Mgmt
		Pursuant to Items 23 through 25
	27	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/06/09 - A	BAE Systems plc		G06940103			None		4,198
	1	Accept Financial Statements and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 18

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 8.7 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect Philip Carroll as Director		For	For		Mgmt
	5	Re-elect Ian King as Director		For	For		Mgmt
	6	Re-elect Roberto Quarta as Director		For	For		Mgmt
	7	Re-elect George Rose as Director		For	For		Mgmt
	8	Elect Carl Symon as Director		For	For		Mgmt
	9	Reappoint KPMG Audt plc as Auditors		For	For		Mgmt
		of the Company
	10	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	11	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Parties and/ or
		Independent Election Candidates, to
		Political Organisations Other than
		Political Parties and to Incur EU
		Political Expenditure up to GBP
		100,000
	12	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from GBP
		188,750,001 to GBP 218,750,001
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights Under a General Authority up to
		Aggregate Nominal Amount of GBP
		29,396,313 and an Additional Amount
		Pursuant to a Rights Issue of up to
		GBP 29,396,313
	14	Subject to the Passing of Resolution		For	For		Mgmt
		13, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 4,409,888
	15	Authorise 352,791,045 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	16	Amend Articles of Association by		For	For		Mgmt
		Deleting All the Provisions of the
		Company's Memorandum of
		Association which, by Virtue of Section
		28 of the Companies Act of 2006, are
		to be Treated as Provisions of the
		Company's Articles of Association
	17	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
Mgmt Rec - Company Management Recommended Vote								Page 19

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/02/09 - A	Baldor Electric Co. *BEZ*		057741100			03/16/09		676
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 8.78% exceeds allowable cap of
		8.76%.
	4	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
		Executive officers and key employees will receive
		cash, a credit to the account under the company's
		Supplemental Deferred Compensation Plan, or
		restricted stock and restricted stock units under the
		2006 Equity Incentive Plan.
04/15/09 - A	Banco Latinoamericano de		P16994132			03/11/09		1,885
	Comercio Exterior SA *BLX*
		This is a duplicate meeting for
		ballots received via the Broadridge
		North American Ballot distribution
		system.
	1	TO APPROVE THE BANK S AUDITED		For	For		Mgmt
		FINANCIAL STATEMENTS FOR
		THEFISCAL YEAR ENDED
		DECEMBER 31, 2008 (PROPOSAL 1)
	2	TO APPOINT DELOITTE AS THE		For	For		Mgmt
		BANK S INDEPENDENT AUDITORS
		FOR THEFISCAL YEAR ENDING
		DECEMBER 31, 2009 (PROPOSAL 2)
	3a.i	DIRECTOR GONZALO MENENDEZ		For	For		Mgmt
		DUQUE
	3a.ii	DIRECTOR JAIME RIVERA		For	For		Mgmt
	3b	DIRECTOR WILL C. WOOD		For	For		Mgmt
	4a	TO APPROVE THE PROPOSED		For	For		Mgmt
		AMENDMENTS TO THE ARTICLES
		OF INCORPORATION OF THE BANK
		TO: CHANGE THE BANK'S NAME
	4b	TO APPROVE THE PROPOSED		For	For		Mgmt
		AMENDMENTS TO THE ARTICLES
		OF INCORPORATION OF THE BANK
		TO: MODIFY THE DEFINITION OF
		THE BUSINESS PURPOSE OF THE
		BANK
	4c	TO APPROVE THE PROPOSED		For	For		Mgmt
		AMENDMENTS TO THE ARTICLES
		OF INCORPORATION OF THE BANK
		TO: ALLOW THE ISSUANCE OF
		PREFERRED SHARES
	4d	TO APPROVE THE PROPOSED		For	Against		Mgmt
		AMENDMENTS TO THE ARTICLES
Mgmt Rec - Company Management Recommended Vote								Page 20

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		OF INCORPORATION OF THE BANK
		TO: AUTHORIZE A NEW CLASS OF
		COMMON SHARES
	5	TRANSACT OTHER BUSINESS		None	None		Mgmt
		(NON-VOTING)
06/18/09 - A	Banco Santander S.A.		E19790109			None		10,213
	1	Accept Individual and Consolidated		For	For		Mgmt
		Financial Statements and Statutory
		Reports and Discharge Directors for
		Fiscal Year Ended December 31, 2008
	2	Approve Allocation of Income		For	For		Mgmt
	3	Elect Directors		For	For		Mgmt
	4	Reelect Auditors for Fiscal Year 2009		For	For		Mgmt
	5	Authorize Repurchase of Shares in		For	For		Mgmt
		Accordance With Article 75 of
		Corporate Law; Void Authorization
		Granted on June 21, 2008
	6	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights in Accordance to Article 153 1.a)
		of the Spanish Corporate Law; Void
		Authorization Granted at the AGM held
		on June 21, 2008
	7	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities up to Aggregate
		Nominal Amount of EUR 2.04 Billion
		without Preemptive Rights
	8	Authorize Capitalization of Reserves of		For	For		Mgmt
		0.5: 1 Bonus Issue; Amend Article 5
		Accordingly
	9	Grant Board Authorization to Issue		For	For		Mgmt
		Convertible and/or Exchangeable Debt
		Securities without Preemptive Rights
	10.1	Approve Bundled Incentive Plans		For	For		Mgmt
		Linked to Predetermined Requirements
		such as Total Return Results and EPS
	10.2	Approve Savings Plan for Abbey		For	For		Mgmt
		National Plc' Employees and other
		Companies of Santander Group in the
		U.K.
	10.3	Approve Issuance of 100 Shares to		For	For		Mgmt
		Employees of Sovereign Subsidiary
	11	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
04/29/09 - A	Bank of America Corp. *BAC* 060505104					03/04/09		8,966
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director William Barnet, III --- For
Mgmt Rec - Company Management Recommended Vote								Page 21

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.2	Elect Director Frank P. Bramble, Sr. ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	1.3	Elect Director Virgis W. Colbert --- For
	1.4	Elect Director John T. Collins --- For
	1.5	Elect Director Gary L. Countryman ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director Tommy R. Franks --- For
	1.7	Elect Director Charles K. Gifford --- For
	1.8	Elect Director Kenneth D. Lewis ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	1.9	Elect Director Monica C. Lozano ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	1.10	Elect Director Walter E. Massey --- For
	1.11	Elect Director Thomas J. May --- For
	1.12	Elect Director Patricia E. Mitchell ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.13	Elect Director Joseph W. Prueher ---
		For
	1.14	Elect Director Charles O. Rossotti ---
		For
	1.15	Elect Director Thomas M. Ryan ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.16	Elect Director O. Temple Sloan, Jr. ---
Mgmt Rec - Company Management Recommended Vote								Page 22

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs; comp committee member during
		period of poor pay practices.
	1.17	Elect Director Robert L. Tillman ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	1.18	Elect Director Jackie M. Ward ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Poor pay practices.
	4	Report on Government Service of		Against	Against		ShrHoldr
		Employees
		Management responded meaningfully; evidence of
		non-compliance with current law or that proposal will
		result in improved shareholder returns.
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior proposals supported by PPC.
	6	Provide for Cumulative Voting		Against	Against		ShrHoldr
	7	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Sharehlders already have 25% right to call special
		meeting.
	8	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director already in plac.e
	9	Report on Predatory Lending Policies		Against	Against		ShrHoldr
		Management responded meaningfully; evidence of
		non-compliance with current law or that proposal will
Mgmt Rec - Company Management Recommended Vote								Page 23

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		result in improved shareholder returns.
	10	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Management responded meaningfully; evidence of
		non-compliance with current law or that proposal will
		result in improved shareholder returns.
	11	TARP Related Compensation		Against	Against		ShrHoldr
		Not drafted clearly enought to achieve
		proponent’s goals without being overly
		restrictive to management.
04/23/09 - A	Barclays plc		G08036124			None		10,229
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
		Vote Recommendation The following concerns
		in respect to the Company's remuneration practices
		during the year were considered: - Contractual
		termination provisions including bonus
		element Although the Company has moved to
		cap potential average bonus elements included
		within termination payments for new appointees to no
		more than 100% of basic salary, this is still not
		considered sufficiently in line with ABI/NAPF
		remuneration guidelines which recommend against
		the use of guaranteed bonuses within termination
		arrangements. The Company is strongly
		encouraged to review the inclusion of bonus
		entitlements in its severance arrangements as
		retention of such features will likely result in a
		negative vote recommendation in respect of the
		Company’s remuneration report in future
		years based on the contractual right to a
		bonus. - Unreduced pension on early
		retirement The use of actuarial waivers is not in
		line with the ABI/NAPF's current recommendations
		regarding severance arrangements. Given the
		potential cost implications for the Company, it is
		deemed prudent that the Company reviews this
		element of the pension plan to avoid, where possible,
		significant payment obligations. - Performance
		Share Plan vesting schedule The use of a
		vesting scale that provides a maximum reward
		potential of three times' the size of the initial grant
		obscures visibility by shareholders of the true value
		of grants. The use of EV as the basis for the award
		may have a similar effect. The Company is
		recommended that a less complex approach is
		adopted for the new arrangements to be proposed
Mgmt Rec - Company Management Recommended Vote								Page 24

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		during 2009. Recommendation A number of
		issues are noted in respect of the
		Company’s remuneration practices which
		are not deemed in line with good practices, in
		particular those contractually enshrined within
		service contracts and pension scheme rules.
		Whereas these issues are highlighted in this
		occasion, the retention of such features will likely
		result in a negative vote recommendation in respect
		of the Company’s remuneration report in
		future years. Given the Company’s
		strong remuneration disclosure and moves made
		towards good practice, shareholders are
		recommended to approve the remuneration report
		this year. [VOTE RECOMMENDATION:
		CONTENTIOUS FOR]
	3	Elect Simon Fraser as Director		For	For		Mgmt
	4	Re-elect Marcus Agius as Director		For	For		Mgmt
		Vote Recommendation Given			the
		Company’s turnaround in respect of
		proactive shareholder engagement, and the fact that
		the capital raising has now been completed and
		contractual obligations been entered into, as well as
		the Company’s strong relative financial
		performance since 2009, it is not considered
		appropriate to vote against the re-election of Marcus
		Agius. Shareholders are therefore recommended to
		support his re-election, but continue to monitor
		closely the Board’s level of engagement
		with shareholders and protection of their
		interests. [VOTE RECOMMENDATION:
		CONTENTIOUS FOR]
	5	Re-elect David Booth as Director		For	For		Mgmt
	6	Re-elect Sir Richard Broadbent as		For	For		Mgmt
		Director
	7	Re-elect Richard Clifford as Director		For	For		Mgmt
	8	Re-elect Fulvio Conti as Director		For	For		Mgmt
	9	Re-elect Robert Diamond Jr as Director		For	For		Mgmt
	10	Re-elect Sir Andrew Likierman as		For	For		Mgmt
		Director
	11	Re-elect Christopher Lucas as Director		For	For		Mgmt
	12	Re-elect Sir Michael Rake as Director		For	For		Mgmt
	13	Re-elect Stephen Russell as Director		For	For		Mgmt
	14	Re-elect Frederik Seegers as Director		For	For		Mgmt
	15	Re-elect Sir John Sunderland as		For	For		Mgmt
		Director
	16	Re-elect John Varley as Director		For	For		Mgmt
	17	Re-elect Patience Wheatcroft as		For	For		Mgmt
		Director
	18	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
Mgmt Rec - Company Management Recommended Vote								Page 25

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	19	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	20	Authorise Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Organisations up
		to GBP 25,000 and Incur EU Political
		Expenditure up to GBP 100,000
	21	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from GBP
		3,499,000,000 to GBP 5,249,000,000
	22	Issue Equity with Pre-emptive Rights		For	For		Mgmt
		Under a General Authority up to GBP
		738,016,774, USD 77.5M, EUR 40.0M,
		JPY 4.0B and an Additional Amt
		Pursuant to a Rights Issue up to GBP
		1,396,033,549 After Deducting Any
		Securities Issued Under the General
		Authority
	23	Subject to the Passing of Resolution		For	For		Mgmt
		22, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 104,702,516
	24	Authorise 837,620,130 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	25	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
05/07/09 - A	Barnes Group, Inc. *B*		067806109			03/10/09		249
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Thomas J. Albani --- For
	1.2	Elect Director Thomas O. Barnes ---
		For
	1.3	Elect Director Gary G. Benanav ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.4	Elect Director Mylle H. Mangum --- For
	2	Ratify Auditors		For	For		Mgmt
04/30/09 - A	BASF SE (formerly BASF AG) D06216101					04/09/09		1,218
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.95 per Share
	3	Approve Discharge of Supervisory		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 26

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board for Fiscal 2008
	4	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify KPMG AG as Auditors for Fiscal		For	For		Mgmt
		2009
	6	Elect Supervisory Board Member		For	For		Mgmt
	7	Approve Creation of EUR 500 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	8	Amend Articles Re: First Supervisory		For	For		Mgmt
		Board of BASF SE
	9	Approve Remuneration of Supervisory		For	For		Mgmt
		Board
05/12/09 - A	Bayer AG		D07112119			04/21/09		935
	1	Receive Financial Statements and		For	For		Mgmt
		Statutory Reports; Approve Allocation
		of Income and Dividends of EUR 1.40
		per Share for Fiscal 2008
	2	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	3	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	4	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	5	Approve Conversion of Bearer Shares		For	For		Mgmt
		into Registered Shares
	6	Amend Articles Re: Allow Electronic		For	For		Mgmt
		Distribution of Company
		Communications
	7	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
05/20/09 - A	Belden, Inc. *BDC*		077454106			03/25/09		522
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 8.99% is within allowable cap of
		9.54%.
05/20/09 - A	Benchmark Electronics, Inc.		08160H101			04/06/09		561
	*BHE*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/18/09 - A	BG Group plc		G1245Z108			None		4,773
	1	Accept Financial Statements and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 27

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 6.55 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Elect Sir David Manning as Director		For	For		Mgmt
	5	Elect Martin Houston as Director		For	For		Mgmt
	6	Re-elect Sir Robert Wilson as Director		For	For		Mgmt
	7	Re-elect Frank Chapman as Director		For	For		Mgmt
	8	Re-elect Ashley Almanza as Director		For	For		Mgmt
	9	Re-elect Jurgen Dormann as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	12	Authorise the Company to Make EU		For	For		Mgmt
		Political Donations to Political Parties or
		Independent Election Candidates up to
		GBP 15,000, to Political Organisations
		Other Than Political Parties up to GBP
		15,000 and Incur EU Political
		Expenditure up to GBP 20,000
	13	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from GBP
		500,000,001 to GBP 600,000,001
	14	Issue of Equity with Pre-emptive Rights		For	For		Mgmt
		Under General Authority up to
		Aggregate Nominal Amount of GBP
		116,481,140 and Additional Amount
		Pursuant to a Rights Issue of up to
		GBP 111,926,886
	15	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount GBP 16,789,033
	16	Authorise 335,780,660 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	17	Amend Articles of Association Re:		For	For		Mgmt
		Form of the Company's Share Capital
	18	Adopt New Articles of Association		For	For		Mgmt
	19	Approve That a General Meeting, Other		For	For		Mgmt
		Than an Annual General Meeting, May
		Be Called on Not Less Than 14 Clear
		Days' Notice
04/28/09 - A	Bio-Rad Laboratories, Inc.		090572207			03/02/09		396
	*BIO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 28

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/12/09 - A	BioMarin Pharmaceutical Inc.		09061G101			03/23/09		1,168
	*BMRN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/27/09 - A	BioMed Realty Trust, Inc.		09063H107			03/11/09		1,041
	*BMR*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 6.34% exceeds allowable cap of
		5.34%.
06/10/09 - A	Blyth, Inc. *BTH*		09643P207			04/13/09		2,263
	1	Elect Directors		For	For		Mgmt
05/13/09 -	BNP Paribas		F1058Q238			05/08/09		1,138
A/S
		Ordinary Business
	1	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	2	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.00 per Share
	4	Approve Auditors' Special Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Ordinary Share
		Capital
	6	Reelect Claude Bebear as Director		For	For		Mgmt
		Due to their overboardings (more than three
		directorships, outside the group and in listed
		companies, for an executive), the reelection of Jean-
		Louis Beffa and Denis Kessler do not warrant
		support (Items 7 and 8). However, the
		reelections of Claude Bébéar, Laurence
		Parisot, and Michel Pébereau (Items 6, 9, and
		10) warrant support.
	7	Reelect Jean-Louis Beffa as Director		For	Against		Mgmt
	8	Reelect Denis Kessler as Director		For	Against		Mgmt
	9	Reelect Laurence Parisot as Director		For	For		Mgmt
	10	Reelect Michel Pebereau as Director		For	For		Mgmt
		Special Business
	11	Approve Contribution in Kind of		For	For		Mgmt
		98,529,695 Fortis Banque Shares by
		Societe Federale de Participations et
Mgmt Rec - Company Management Recommended Vote								Page 29

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		d'Investissement (SFPI)
	12	Approve Contribution in Kind of		For	For		Mgmt
		4,540,798 BGL SA Shares by Grand
		Duchy of Luxembourg
	13	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	14	Amend Bylaws to Reflect Amendment		For	For		Mgmt
		to Terms and Conditions of Class B
		Shares
	15	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	16	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
04/16/09 - A	BP plc		G12793108			None		26,507
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
		Vote Recommendation In arriving at a vote
		recommendation on the Company's remuneration
		report for 2008, the Remuneration Committee's use
		of discretion to authorise the vesting of 15% of the
		2006-08 award under the EDIP remains of major
		concern. The Company defended the Committee's
		decision by citing the following factors to justify this
		partial vesting: (i) Although in last place on a
		common currency basis, the Company's relative TSR
		performance on a local currency basis was
		'clustered' with its European competitors; (ii) the
		partial vesting decision was taken after assessing the
		Company's underlying business performance against
		the European comparators, which demonstrated that
		BP were ahead in some areas and behind in others;
		(iii) the Committee's discretion to assess underlying
		performance is specifically permitted under the rules
		of the plan as approved by shareholders in 2005; and
		(iv) the Committee has not previously exercised its
		discretion to vary EDIP awards upwards by taking
		account underlying business
		performance. Whilst the third and the fourth
		points are matters of fact, the following concerns
		remain regarding the first two points: (i) the
		Company’s performance on a local currency
		basis was fourth place in the five company
		comparator group; (ii) the Company did not
		sufficiently disclose the supporting metrics and
		rationale to vindicate the use of discretion to
		determine the vesting of awards where the
		established TSR condition was not met. Whilst
Mgmt Rec - Company Management Recommended Vote								Page 30

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		the Company outlined the Committee's reasons for
		approving the vesting of awards in broad terms, the
		explanations do not fully justify the approval of the
		awards. After careful consideration of the
		explanations provided by the Company, shareholders
		are recommended to oppose this resolution because,
		in the absence of clarity and disclosure regarding the
		specific underlying business metrics used by the
		Committee to reach its conclusion, it is difficult for a
		shareholders to be convinced that proper use of
		discretion has been applied in this case. It is
		noted that the Company has amended the
		performance targets for the EDIP going forward to
		take account of underlying business performance
		metrics. The Company is encouraged to provide
		detailed disclosure of the impact of these operating
		measures in the determination of the vesting levels of
		these future awards. Shareholders are
		recommended to vote AGAINST this resolution.
	3	Re-elect Antony Burgmans as Director		For	For		Mgmt
	4	Re-elect Cynthia Carroll as Director		For	For		Mgmt
	5	Re-elect Sir William Castell as Director		For	For		Mgmt
	6	Re-elect Iain Conn as Director		For	For		Mgmt
	7	Re-elect George David as Director		For	For		Mgmt
	8	Re-elect Erroll Davis, Jr as Director		For	For		Mgmt
	9	Elect Robert Dudley as Director		For	For		Mgmt
	10	Re-elect Douglas Flint as Director		For	For		Mgmt
	11	Re-elect Dr Byron Grote as Director		For	For		Mgmt
	12	Re-elect Dr Tony Hayward as Director		For	For		Mgmt
	13	Re-elect Andy Inglis as Director		For	For		Mgmt
	14	Re-elect Dr DeAnne Julius as Director		For	For		Mgmt
	15	Re-elect Sir Tom McKillop as Director		For	Against		Mgmt
		Vote Recommendation The exceptional
		circumstances surrounding Sir Tom
		McKillop’s former role at RBS and his
		chairmanship of that company’s board
		during such a difficult period make voting on his re-
		election at BP difficult judgement call. For the
		purposes of this recommendation, it is appropriate to
		consider the impact that his former role at RBS may
		have on his continuing role at BP. Given the
		importance of judging each director’s
		(re)election on a case-by-case basis, shareholders
		should note that this vote recommendation has been
		reached only after extensive engagement with the
		Company and much thought and consideration.
		The Board of BP remains satisfied that Sir Tom
		McKillop brings skills and experience to the
		Company from a scientific, engineering and
		technological perspective. The Company has also
		stated that the Board’s remains satisfied
Mgmt Rec - Company Management Recommended Vote								Page 31

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		that Sir Tom McKillop has played a key role in the
		two Committees of which he is a member –
		the Remuneration Committee and the Safety, Ethics
		and Environmental Assurance Committee (SSEAC) -
		citing that he has had an integral role in helping the
		SSEAC improve BP’s safety record in
		recent years. Whilst the Company has provided
		explanations for its decision to recommend Sir Tom
		McKillop for re-election, and whilst such
		considerations should certainly not be dismissed, his
		former role at RBS undoubtedly raises questions as
		to his suitability to continue to sit on the Board of BP.
		Ultimately, the damage caused to Sir Tom
		McKillop’s reputation by presiding over such
		a massive corporate loss whilst chairman of RBS
		cannot be disregarded. Therefore, to properly
		evaluate this proposal, the following two questions
		should need to be answered: 1. Does the
		combination of: (a) the questions raised over whether
		the RBS Board took sufficient account of the
		execution and commercial risks associated with the
		acquisition of ABN Amro and the broader business
		strategy in light of the bank’s rapid descent
		to its present status; (b) the ancillary remuneration
		and governance issues associated with RBS; and (c)
		Sir Tom McKillop’s responsibility for the
		foregoing as Chairman of the RBS board; create a
		credible and material doubt as to his continuing
		suitability to fulfill the role of an independent NED
		and contribute positively to the oversight of
		management and the protection of shareholder
		interests over the long-term at BP? 2. Did the
		Board of BP take sufficient account of the above
		question in making its own recommendation with
		respect to Sir Tom McKillop’s re-
		election? Following exhaustive consideration of
		the foregoing factors, it is concluded in this analysis
		that the answer to the first question posed is
		‘yes’ and the second is
		‘no’. Accordingly, whilst mindful of
		the point that Sir Tom McKillop's roles and
		performance at RBS and BP are not analogous, it
		would be prudent for shareholders to oppose Sir Tom
		McKillop's re-election. Shareholders are
		recommended to vote AGAINST the re-election of
		this candidate.
	16	Re-elect Sir Ian Prosser as Director		For	For		Mgmt
	17	Re-elect Peter Sutherland as Director		For	For		Mgmt
	18	Reappoint Ernst & Young LLP as		For	For		Mgmt
		Auditors and Authorise Board to Fix
		Their Remuneration
Mgmt Rec - Company Management Recommended Vote								Page 32

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	19	Authorise 1,800,000,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	20	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 1,561,000,000
	21	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 234,000,000
	22	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
04/30/09 - A	British American Tobacco		G1510J102			None		1,937
	plc
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 61.6 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	5	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	6 (a)	Re-elect Paul Adams as Director		For	For		Mgmt
	6 (b)	Re-elect Jan du Plessis as Director		For	For		Mgmt
	6 (c)	Re-elect Robert Lerwill as Director		For	For		Mgmt
	6 (d)	Re-elect Sir Nicholas Scheele as		For	For		Mgmt
		Director
	7	Elect Gerry Murphy as Director		For	For		Mgmt
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 166,359,108
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 24,953,866
	10	Authorise 199,600,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	11	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Parties or
		Independent Election Candidates, to
		Political Organisations Other than
		Political Parties and to Incur EU
		Political Expenditure up to GBP
		1,000,000
Mgmt Rec - Company Management Recommended Vote								Page 33

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Vote Recommendation The Company is seeking
		a four-year authority to make political donations and
		incur political expenditure within the EU, the
		Company has outlined that the authority is sought
		merely to enable it to operate without running the risk
		of being in breach of a law which is subject to varying
		interpretations. The Company states in the notice of
		meeting that it does not intend to utilise the authority.
		The previous four-year authority granted at the 2005
		AGM was not utilised. The Company confirmed
		that in the event that the authority is used, the NAPF
		request for the authority to be renewed at the
		following AGM would be referred to the Board for
		consideration. As the Company provided this
		commitment and as the Company did not make any
		political donations during the period of the previous
		four-year authority, shareholders are advised to vote
		FOR this item. However, the fact that length of the
		proposed authority diverges from NAPF policy
		guidelines is highlighted via a contentious for
		recommendation. [Vote Recommendation:
		CONTENTOUS FOR]
	12	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
	13	Adopt New Articles of Association with		For	For		Mgmt
		Effect from 01 October 2009
05/07/09 - A	Bruker Corp. *BRKR*		116794108			03/31/09		2,091
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Bucyrus International, Inc.		118759109			03/13/09		1,023
	*BUCY*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Paul W. Jones ---
		Withhold
		Comp committee member during period of poor pay
		practices
	1.2	Elect Director Robert L. Purdum ---
		Withhold
		Comp committee member during period of poor pay
		practices
	1.3	Elect Director Timothy W. Sullivan ---
		For
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 34

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/21/09 - A	Buffalo Wild Wings, Inc.		119848109			03/30/09		1,080
	*BWLD*
	1	Fix Number of Directors at Seven		For	For		Mgmt
		Current number if directors is 7; no evidence of
		entrenchment.
	2	Elect Directors		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Adopt Purchasing Preference for		Against	Against		ShrHoldr
		Suppliers Using CAK
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/23/09 - A	Burlington Northern Santa Fe		12189T104			02/27/09		796
	Corp. *BNI*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Language consistant with prior proposals supported
		by PPC.
	4	Amend Bylaws-- Call Special Meetings		Against	Against		ShrHoldr
		Company already has 25% right to call special
		meeting.
	5	Report on Political Contributions		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		company is not in comliance with current law or that
		proposal will improve economic results beyond what
		can be accomplished under current policies.
04/23/09 - A	Capital One Financial Corp.		14040H105			02/23/09		3,685
	*COF*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Richard D. Fairbank ---
		For
	1.2	Elect Director E.R. Campbell --- Against
		Comp committee member during period of poor lay
		practices.
	1.3	Elect Director Bradford H. Warner ---
		For
	1.4	Elect Director Stanley Westreich ---
		Against
		Comp committee member during period of poor lay
Mgmt Rec - Company Management Recommended Vote								Page 35

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Advisory Vote on Executive		For	Against		Mgmt
		Compensation
		NEO CIC with tax gross-ups.
04/28/09 -	Carrefour		F13923119			04/23/09		947
A/S
		Special Business
	1	Approve Financial Statements and		For	For		Mgmt
		Discharge Directors
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Transaction with Jose-Luis		For	For		Mgmt
		Duran Re: Severance Payments
	4	Approve Transaction with Lars		For	For		Mgmt
		Olofsson Re: Severance Payments
	5	Approve Treatment of Losses and		For	For		Mgmt
		Dividends of EUR 1.08 per Share
	6	Elect Lars Olofsson as Director		For	For		Mgmt
	7	Reelect Rene Abate as Director		For	For		Mgmt
	8	Reelect Nicolas Bazire as Director		For	For		Mgmt
	9	Reelect Jean-Martin Folz as Director		For	For		Mgmt
	10	Reappoint Deloitte & Associes as		For	For		Mgmt
		Audito and BEAS as Alternate Auditor
	11	Reappoint KPMG as Auditor		For	For		Mgmt
	12	Ratify Bernard Perot as Alternate		For	For		Mgmt
		Auditor
	13	Authorize Repurchase of Up to 10		For	Against		Mgmt
		Percent of Issued Share Capital
		Special Business
	14	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	15	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 500 Million
	16	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 350 Million
	17	Authorize Board to Increase Capital in		For	Against		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	18	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 500 Million for Bonus Issue
		or Increase in Par Value
Mgmt Rec - Company Management Recommended Vote								Page 36

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	19	Authorize up to 3 Percent of Issued		For	Against		Mgmt
		Capital for Use in Stock Option Plan
	20	Authorize up to 0.2 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock Plan
	21	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	22	Approve Employee Stock Purchase		For	For		Mgmt
		Plan for International Employees
06/10/09 - A	Caterpillar Inc. *CAT*		149123101			04/13/09		1,580
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Daniel M. Dickinson ---
		For
	1.2	Elect Director David R. Goode --- For
	1.3	Elect Director James W. Owens --- For
	1.4	Elect Director Charles D. Powell --- For
		Sits on 6 boards but plans to resign from one.
	1.5	Elect Director Joshua I. Smith --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		Against	For		ShrHoldr
	4	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
	5	Report on Foreign Military Sales		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	6	Adopt Simple Majority Vote Standard		Against	For		ShrHoldr
	7	Limitation on Compensation Consultant		Against	Against		ShrHoldr
		Services
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	8	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	9	Report on Lobbying Priorities		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/30/09 - A	Central European		153435102			03/03/09		508
	Distribution Corporation
	*CEDC*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director William V. Carey --- For
Mgmt Rec - Company Management Recommended Vote								Page 37

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.2	Elect Director David Bailey --- Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.3	Elect Director N. Scott Fine --- For
	1.4	Elect Director Marek Forysiak --- For
	1.5	Elect Director Robert P. Koch --- For
	1.6	Elect Director Jan W. Laskowski ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.7	Elect Director Markus Sieger --- For
	1.8	Elect Director Sergey Kupriyanov ---
		For
	2	Ratify Auditors		For	For		Mgmt
04/21/09 -	CF Industries Holdings, Inc.		125269100			03/16/09		691
PC	*CF*
		Management Proxy (White Card)
	1.1	Elect Director Stephen A. Furbacher		For	For		Mgmt
		Dissident did not prove case for change.
	1.2	Elect Director David R. Harvey		For	For		Mgmt
		Dissident did not prove case for change.
	1.3	Elect Director John D. Johnson		For	For		Mgmt
		Dissident did not prove case for change.
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
		Dissident Proxy (Green Card)
	1.1	Elect Director Stephen A. Furbacher		Withhold	None		ShrHoldr
	1.2	Elect Director David R. Harvey		Withhold	None		ShrHoldr
	1.3	Elect Director John D. Johnson		Withhold	None		ShrHoldr
	2	Ratify Auditors		For	None		Mgmt
	3	Approve Omnibus Stock Plan		For	None		Mgmt
05/06/09 - A	Champion Enterprises, Inc.		158496109			03/10/09		9,623
	*CHB*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert W. Anestis ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.2	Elect Director Eric S. Belsky ---
		Withhold
		Comp committee member during period of
Mgmt Rec - Company Management Recommended Vote								Page 38

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		pay/performance disconnect and poor pay practices.
	1.3	Elect Director William C. Griffiths --- For
	1.4	Elect Director Selwyn Isakow --- For
	1.5	Elect Director G. Michael Lynch --- For
	1.6	Elect Director Thomas A. Madden ---
		For
	1.7	Elect Director Shirley D. Peterson ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	2	Ratify Auditors		For	For		Mgmt
05/27/09 - A	Chevron Corporation *CVX*		166764100			04/01/09		5,138
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	4	Amend Omnibus Stock Plan		For	For		Mgmt
	5	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholders already have right to call special
		meeting (25%).
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
	7	Adopt Quantitative GHG Goals for		Against	Against		ShrHoldr
		Products and Operations
		Company appears to be addressing proponents
		issues though it may have different views on certain
		solutions. Management responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will result in improved shareholder returns.
	8	Adopt Guidelines for Country Selection		Against	Against		ShrHoldr
		Company appears to be addressing proponents
		issues though it may have different views on certain
		solutions. Management responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will result in improved shareholder returns.
	9	Adopt Human Rights Policy		Against	Against		ShrHoldr
		Current policies appear to address the
		proposal’s intent. Management responded
		meaningfully; no evidence of non-compliance with
		current law or that proposal will result in improved
		shareholder returns.
	10	Report on Market Specific		Against	Against		ShrHoldr
		Environmental Laws
Mgmt Rec - Company Management Recommended Vote								Page 39

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Company appears to be addressing proponents
		issues though it may have different views on certain
		solutions. Management responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will result in improved shareholder returns.
05/13/09 - A	Cinemark Holdings Inc.		17243V102			03/20/09		1,128
	*CNK*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/21/09 - A	Citigroup Inc. *C*		172967101			02/27/09		10,727
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director C. Michael Armstrong ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.2	Elect Director Alain J.P. Belda ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.3	Elect Director John M. Deutch ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.4	Elect Director Jerry A. Grundhofer ---
		For
	1.5	Elect Director Andrew N. Liveris --- For
	1.6	Elect Director Anne Mulcahy --- For
	1.7	Elect Director Michael E. O'Neill --- For
	1.8	Elect Director Vikram Pandit --- For
	1.9	Elect Director Richard D. Parsons ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.10	Elect Director Lawrence R. Ricciardi ---
		For
	1.11	Elect Director Judith Rodin --- For
	1.12	Elect Director Robert L. Ryan --- For
	1.13	Elect Director Anthony M. Santomero --
		- For
	1.14	Elect Director William S. Thompson, Jr.
		--- For
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 40

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Pay/performance disconnect and poor pay practices.
	5	Disclose Prior Government Service		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	6	Report on Political Contributions		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	7	Report on Predatory Lending Policies		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	8	Require More Director Nominations		Against	Against		ShrHoldr
		Than Open Seats
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that proposal could be implemented in a
		productive way.
	9	Prepare Carbon Principles Report		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	10	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Adequate stock retention policies already in place.
	11	Disclose Information on Compensation		Against	Against		ShrHoldr
		Consultant
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	12	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholder already have right to act by written
		consent and call special meeting (25%).
	13	Restore or Provide for Cumulative		Against	Against		ShrHoldr
		Voting
Mgmt Rec - Company Management Recommended Vote								Page 41

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/12/09 - A	Coeur D' Alene Mines Corp.		192108108			03/19/09		10,041
	*CDE*
	1	Elect Directors		For	For		Mgmt
	2	Adjust Par Value of Common Stock		For	For		Mgmt
		Routine management financing decision.
	3	Approve Reverse Stock Split		For	For		Mgmt
	4	Increase Authorized Common Stock		For	For		Mgmt
	5	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Comcast Corp. *CMCSA*		20030N101			03/04/09		6,291
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director S. Decker Anstrom ---
		Withhold
		Comp committee member during period of poor pay
		practives. Short and long term incentive plans use
		same performance targets; awards are earned once
		and paid twice. CEO (14.2% base salary) and other
		NEO personal use of corporate aircraft considerably
		above industry norm (8% base salary). 12%
		guaranteed interest paid on NEO deferred comp
		while employed; prime plus 1 paid after employment.
		Tax gross-ups paid on split dollar life insurance
		premiums.
	1.2	Elect Director Kenneth J. Bacon --- For
	1.3	Elect Director Sheldon M. Bonovitz ---
		For
	1.4	Elect Director Edward D. Breen --- For
	1.5	Elect Director Julian A. Brodsky --- For
	1.6	Elect Director Joseph J. Collins ---
		Withhold
		Comp committee member during period of poor pay
		practives. Short and long term incentive plans use
		same performance targets; awards are earned once
		and paid twice. CEO (14.2% base salary) and other
		NEO personal use of corporate aircraft considerably
		above industry norm (8% base salary). 12%
		guaranteed interest paid on NEO deferred comp
		while employed; prime plus 1 paid after employment.
		Tax gross-ups paid on split dollar life insurance
		premiums.
	1.7	Elect Director J. Michael Cook --- For
	1.8	Elect Director Gerald L. Hassell --- For
	1.9	Elect Director Jeffrey A. Honickman ---
		For
	1.10	Elect Director Brian L. Roberts --- For
	1.11	Elect Director Ralph J. Roberts --- For
	1.12	Elect Director Dr. Judith Rodin ---
Mgmt Rec - Company Management Recommended Vote								Page 42

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Withhold
		Comp committee member during period of poor pay
		practives. Short and long term incentive plans use
		same performance targets; awards are earned once
		and paid twice. CEO (14.2% base salary) and other
		NEO personal use of corporate aircraft considerably
		above industry norm (8% base salary). 12%
		guaranteed interest paid on NEO deferred comp
		while employed; prime plus 1 paid after employment.
		Tax gross-ups paid on split dollar life insurance
		premiums.
	1.13	Elect Director Michael I. Sovern ---
		Withhold
		industry norm (8% base salary). 12% guaranteed
		interest paid on NEO deferred comp while employed;
		prime plus 1 paid after employment. Tax gross-ups
		paid on split dollar life insurance premiums.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Amend Restricted Stock Plan		For	For		Mgmt
	5	Amend Stock Option Plan		For	For		Mgmt
	6	Increase Disclosure of Executive		Against	Against		ShrHoldr
		Compensation
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	7	Seek Shareholder Approval on Certain		Against	Against		ShrHoldr
		Future Death Benefit Arrangements
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	8	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding advisory ratification proposal
		consistently supported by PPC.
	9	Adopt a Recapitalization Plan		Against	For		ShrHoldr
		One vote per share; end dual class stock.
05/13/09 - A	ConocoPhillips *COP*		20825C104			03/16/09		3,802
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
	4	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
Mgmt Rec - Company Management Recommended Vote								Page 43

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification consistent with
		prior proposals supported by PPC.
	6	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	7	Adopt Quantitative GHG Goals for		Against	Against		ShrHoldr
		Products and Operations
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	8	Report on Environmental Impact of Oil		Against	Against		ShrHoldr
		Sands Operations in Canada
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	9	Require Director Nominee		Against	Against		ShrHoldr
		Qualifications
		Management responded meaningfully; adequate
		process already in place; no evidence that proposal
		will improve shareholder returns.
05/05/09 - A	Consolidated		209034107			03/18/09		2,052
	Communications Holdings,
	Inc. *CNSL*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 1.83% is within allowable cap of
		20.36%.
05/14/09 - A	Corporate Office Properties		22002T108			03/16/09		731
	Trust, Inc. *OFC*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/12/09 - A	Cousins Properties Inc.		222795106			03/13/09		165
	*CUZ*
	1	Elect Directors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 44

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Approve Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 7.14% exceeds allowable cap of
		5.00%.
	3	Ratify Auditors		For	For		Mgmt
05/05/09 - A	Cross Country Healthcare,		227483104			03/05/09		2,193
	Inc. *CCRN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/07/09 - A	Crosstex Energy, Inc. *XTXI*		22765Y104			03/17/09		776
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 8.29% exceeds allowable cap of
		7.61%.
	3	Ratify Auditors		For	For		Mgmt
05/12/09 - A	Cummins , Inc. *CMI*		231021106			03/16/09		2,144
	1	Elect Director Robert J. Bernhard		For	For		Mgmt
	2	Elect Director Robert J. Darnall		For	For		Mgmt
	3	Elect Director Robert K. Herdman		For	For		Mgmt
	4	Elect Director Alexis M. Herman		For	For		Mgmt
	5	Elect Director N. Thomas Linebarger		For	For		Mgmt
	6	Elect Director William I. Miller		For	For		Mgmt
	7	Elect Director Georgia R. Nelson		For	For		Mgmt
	8	Elect Director Theodore M. Solso		For	For		Mgmt
	9	Elect Director Carl Ware		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Amend Omnibus Stock Plan		For	For		Mgmt
	12	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	13	Adopt and Implement ILO-based		Against	Against		ShrHoldr
		Human Rights Policy
		Management responded meaningfully; has already
		adopted core provisions of ILO Human Rights Policy;
		no evidence of non-compliance with current law or
		that proposal will improve shareholder returns.
05/06/09 - A	CVS Caremark Corp *CVS*		126650100			03/12/09		3,228
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
		Currently no right to call special meeting; written
		consent requires 100% (not realistic).
Mgmt Rec - Company Management Recommended Vote								Page 45

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	5	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		company not in compliance with current law or that
		proposal will result in improved shareholder returns.
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of comp as
		disclosed in proxy statement.
04/08/09 - A	Daimler AG		D1668R123			None		1,349
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.60 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify KPMG AG as Auditors for Fiscal		For	For		Mgmt
		2009
	6	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Authorize Use of Financial Derivatives		For	For		Mgmt
		when Repurchasing Shares
	8	Elect Supervisory Board Member		For	For		Mgmt
	9	Approve Affiliation Agreements with		For	For		Mgmt
		EvoBus GmbH
	10	Amend Articles Re: Convocation of		For	For		Mgmt
		General Meeting due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
	11	Approve Creation of EUR 1 Billion Pool		For	For		Mgmt
		of Capital without Preemptive Rights
05/05/09 - A	Danaher Corp. *DHR*		235851102			03/09/09		676
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
	4	Adopt Employment Contract		Against	Against		ShrHoldr
		Valid intent but drafted in an overly restrictive
		manner.
	5	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Management has responded meaningfully; stock
Mgmt Rec - Company Management Recommended Vote								Page 46

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		retention guidelines are already in place and comp
		committee should have some lattitude to establish
		appropriate levels.
	6	Report on Mercury Product Policies		Against	Against		ShrHoldr
		Management has responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will improve shareholder returns.
04/23/09 -	Danone		F12033134			04/20/09		671
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.20 per Share
	4	Approve Stock Dividend Program		For	For		Mgmt
	5	Approve Auditors' Special Report		For	Against		Mgmt
		Regarding Related-Party Transactions
		Although the conditions attached to the ongoing
		severance payments transaction (relating to their
		corporate officers mandates) are stringent and
		measurable, the amount Franck Riboud, Jacques
		Vincent, Emmanuel Faber, and Bernard Hours may
		benefit from, added to the amount they may benefit
		from the collective bargaining agreement which
		applies to Groupe Danone's employee in the event
		that they would also be dismissed, may exceed twice
		the remuneration they received for the last ended
		fiscal year. Moreover, Emmanuel Faber and Bernard
		Hours may benefit from a non-compete clause, the
		amount of which would be added the preceding
		amount. Therefore, this resolution does not warrant
		support.
	6	Reelect Richard Goblet d'Alviella as		For	Against		Mgmt
		Director
		For this market, if the proposed board does not
		consist of a majority of independent directors, the
		election or reelection of any non-independent director
		(except the CEO) is not recommended. At Groupe
		Danone, if all the elections proposed at this general
		meeting were approved, only 43 percent of the board
		of directors would be independent. Therefore, as
		Christian Laubie is not independent, his reelection
		does not merit support (item 7). As Jean Laurent,
		Hakan Mogren, Benoît Potier, and Guylaine
		Saucier are independent, their (re)elections are
		recommended (items 8, 9, 10, and
Mgmt Rec - Company Management Recommended Vote								Page 47

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		11). Moreover, at this meeting, one of the
		nominees proposed for reelection, Richard Goblet
		d'Alviella, is an executive corporate officer (CEO of
		Sofina SA) and holds more than three directorships
		in listed companies outside the group (Groupe
		Danone SA, Delhaize Groupe, Caledonia
		Investments, and Eurazeo). Therefore, the reelection
		of this candidate does not warrant support (item 6).
	7	Reelect Christian Laubie as Director		For	Against		Mgmt
	8	Reelect Jean Laurent as Director		For	For		Mgmt
	9	Reelect Hakan Mogren as Director		For	For		Mgmt
	10	Reelect Benoit Potier as Director		For	For		Mgmt
	11	Elect Guylaine Saucier as Director		For	For		Mgmt
	12	Approve Remuneration of Directors in		For	For		Mgmt
		the Aggregate Amount of EUR 600,000
	13	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		As the share repurchase program cannot be
		continued during a takeover period, provided that the
		reciprocity principle applies, shareholders are
		advised to support the resolution.
	14	Approve Creation of Danone Eco-		For	For		Mgmt
		Systeme Fund
		Special Business
	15	Change Company Name to Danone		For	For		Mgmt
	16	Amend Article 7 of Bylaws Re:		For	For		Mgmt
		Delegation of Power in Case of Share
		Capital Increase
	17	Amend Articles 10 of Association Re:		For	For		Mgmt
		Shareholders Identification
	18	Amend Article 18 of Bylaws Re:		For	For		Mgmt
		Attendance to Board Meetings Through
		Videoconference and
		Telecommunication
	19	Amend Article 22 of Bylaws Re: Record		For	For		Mgmt
		Date
	20	Amend Article 26 of Bylaws Re:		For	For		Mgmt
		Electronic Voting
	21	Amend Article 27 of Bylaws Re:		For	For		Mgmt
		Delegation of Powers to the Board for
		the Issuance of Bonds
	22	Amend Articles 27 and 28 of		For	For		Mgmt
		Association Re: Quorum Requirements
		for Ordinary and Extraordinary General
		Meetings
	23	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 45 Million
		+ Capital increase with preemptive rights: The
Mgmt Rec - Company Management Recommended Vote								Page 48

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		potential capital increase with preemptive rights,
		under item 23, amounts to EUR 45 million, which
		represents 35 percent of issued share
		capital. The authorization is deemed acceptable
		for issuances with preemptive rights. + Capital
		increase without preemptive rights: Considering
		that the company provides under item 24 a binding
		priority right for existing shareholders to subscribe to
		the capital increase, our guideline for issuances
		without preemptive rights is 50 percent. Therefore, a
		potential capital increase of EUR 30 million (23.36
		percent of issued capital) is deemed acceptable for
		general requests to issue capital without preemptive
		rights with a binding priority right. Given their
		reasonable level of dilution, items 26 and 27 merit
		shareholders' support as well.
	24	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 30 Million
	25	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegations Submitted to
		Shareholder Vote Above
		The amount requested under this item would not
		exceed the limit set for issuances with preemptive
		rights under item 23 nor the limit set for issuances
		that do not respect preemptive rights under item 24.
		Therefore, the additional potential capital increases
		are deemed acceptable.
	26	Authorize Capital Increase of Up to		For	For		Mgmt
		EUR 25 Million for Future Exchange
		Offers
	27	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	28	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 33 Million for Bonus Issue
		or Increase in Par Value
		Dilution is not a problem when capital is increased
		using these scenarios, as this would merely transfer
		wealth to shareholders.
	29	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
		The potential dilution being acceptable, this proposal
		merits support.
	30	Authorize up to 6 Million Shares for Use		For	For		Mgmt
		in Stock Option Plan
	31	Authorize up to 2 Million Shares for Use		For	Against		Mgmt
		in Restricted Stock Plan
Mgmt Rec - Company Management Recommended Vote								Page 49

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Currently, there is no restricted stock plan at Groupe
		Danone. The volume proposed is not excessive and
		the company undertakes, in its 2008 registration
		document, to take into account the completion of the
		group targets and the performance of the group at
		the moment of the granting. However, the current
		absence of information on performance criteria
		(nature and target) warrants opposition to this
		proposal.
	32	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
		The amount of capital that may be cancelled is
		limited to 10 percent in any 24-month period.
	33	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/27/09 - A	Delta Petroleum Corp.		247907207			04/20/09		1,829
	*DPTR*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Roger A. Parker --- For
	1.2	Elect Director John R. Wallace --- For
	1.3	Elect Director Hank Brown --- For
	1.4	Elect Director Kevin R. Collins ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.5	Elect Director Jerrie F. Eckelberger ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.6	Elect Director Aleron H. Larson, Jr. ---
		For
	1.7	Elect Director Russell S. Lewis ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
Mgmt Rec - Company Management Recommended Vote								Page 50

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		vested awards.
	1.8	Elect Director James J. Murren ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.9	Elect Director Jordan R. Smith ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.10	Elect Director Daniel J. Taylor --- For
	1.11	Elect Director James B. Wallace --- For
	1.12	Elect Director Anthony Mandekic --- For
	1.13	Elect Director Jean-Michel Fonck ---
		For
	2	Ratify Auditors		For	For		Mgmt
05/26/09 - A	Deutsche Bank AG		D18190898			None		772
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify KPMG AG as Auditors for Fiscal		For	For		Mgmt
		2009
	6	Authorize Repurchase of Up to Five		For	For		Mgmt
		Percent of Issued Share Capital for
		Trading Purposes
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Amend Articles Re: Registration for the		For	For		Mgmt
		General Meeting
	9	Amend Articles Re: Electronic Media		For	For		Mgmt
		Transmission of Annual Meeting due to
		New German Legislation (Law on
		Transposition of EU Shareholders'
Mgmt Rec - Company Management Recommended Vote								Page 51

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Rights Directive)
	10	Approve Creation of EUR 128 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	11	Approve Creation of EUR 176.6 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	12	Approve Creation of EUR 314.9 Million		For	For		Mgmt
		Pool of Capital with Preemptive Rights
	13	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 9
		Billion; Approve Creation of EUR 256
		Million Pool of Capital to Guarantee
		Conversion Rights
04/21/09 - A	Deutsche Post AG		D19225107			None		1,267
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.60 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
	6	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Authorize Use of Financial Derivatives		For	For		Mgmt
		when Repurchasing Shares
	8	Approve Creation of EUR 240 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	9a	Elect Ulrich Schroeder to the		For	For		Mgmt
		Supervisory Board
	9b	Elect Henning Kagermann to the		For	For		Mgmt
		Supervisory Board
	9c	Elect Stefan Schulte to the Supervisory		For	For		Mgmt
		Board
	10	Amend Articles Re: Proxy Voting and		For	For		Mgmt
		Location of General Meeting
04/30/09 - A	Deutsche Telekom AG		D2035M136			None		3,379
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
Mgmt Rec - Company Management Recommended Vote								Page 52

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.78 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Postponement of Discharge		For	For		Mgmt
		for Former Supervisory Board Member
		Klaus Zumwinkel for Fiscal 2008
	5	Approve Discharge of Supervisory		For	For		Mgmt
		Board Members, Excluding Klaus
		Zumwinkel, for Fiscal 2008
	6	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Elect Joerg Asmussen to the		For	For		Mgmt
		Supervisory Board
	9	Elect Ulrich Schroeder to the		For	For		Mgmt
		Supervisory Board
	10	Approve Affiliation Agreements with		For	For		Mgmt
		Subsidiary Interactive Media CCSP
		GmbH
	11	Approve Creation of EUR 2.2 Billion		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	12	Approve Creation of EUR 38.4 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	13	Amend Articles Re: Audio/Video		For	For		Mgmt
		Transmission of Annual Meeting due to
		New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
	14	Amend Articles Re: Attestation of		For	For		Mgmt
		Shareholding and Voting Rights
		Representation at Annual Meeting due
		to New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
04/28/09 - A	Digital Realty Trust Inc.		253868103			03/03/09		921
	*DLR*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/29/09 - A	E.I. Du Pont De Nemours &		263534109			03/04/09		2,042
	Co. *DD*
	1	Elect Director Samuel W. Bodman		For	For		Mgmt
	2	Elect Director Richard H. Brown		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 53

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Elect Director Robert A. Brown		For	For		Mgmt
	4	Elect Director Bertrand P. Collomb		For	For		Mgmt
	5	Elect Director Curtis J. Crawford		For	For		Mgmt
	6	Elect Director Alexander M. Cutler		For	For		Mgmt
	7	Elect Director John T. Dillon		For	For		Mgmt
	8	Elect Director Eleuthere I. Du Pont		For	For		Mgmt
	9	Elect Director Marillyn Hewson		For	For		Mgmt
	10	Elect Director Charles O. Holliday, Jr.		For	For		Mgmt
	11	Elect Director Lois D. Juliber		For	For		Mgmt
	12	Elect Director Ellen J. Kullman		For	For		Mgmt
	13	Elect Director William K. Reily		For	For		Mgmt
	14	Ratify Auditors		For	For		Mgmt
	15	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior non-binding shareholder
		ratification of exec comp proposals supported by
		PPC.
05/06/09 - A	E.ON AG (formerly Veba AG)		D24914133			None		2,492
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Elect Jens Heyerdahl to the		For	For		Mgmt
		Supervisory Board
	6a	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
	6b	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for the Inspection of the
		Abbreviated Financial Statements for
		the First Half of Fiscal 2009
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares; Authorize Use of
		Financial Derivatives When
		Repurchasing Shares
	8	Approve Creation of EUR 460 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	9a	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 5
		Billion; Approve Creation of EUR 175
		Million Pool of Capital to Guarantee
Mgmt Rec - Company Management Recommended Vote								Page 54

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Conversion Rights
	9b	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 5
		Billion; Approve Creation of EUR 175
		Million Pool of Capital to Guarantee
		Conversion Rights
	10	Amend Corporate Purpose		For	For		Mgmt
	11a	Amend Articles Re: Audio and Video		For	For		Mgmt
		Transmission at Annual Meeting due to
		New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
	11b	Amend Articles Re: Voting Rights		For	For		Mgmt
		Representation at Annual Meeting due
		to New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
	11c	Amend Articles Re: Convocation of		For	For		Mgmt
		Annual Meeting due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
	12	Approve Affiliation Agreement with		For	For		Mgmt
		E.ON Einundzwanzigste Verwaltungs
		GmbH
	13	Approve Affiliation Agreement with		For	For		Mgmt
		E.ON Zweiundzwanzigste Verwaltungs
		GmbH
06/23/09 - A	East Japan Railway Co		J1257M109			03/31/09		165
	*9020*
		Management Proposals
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JPY 55
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	4.2	Appoint Statutory Auditor		For	For		Mgmt
	5	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
		Shareholder Proposals
Mgmt Rec - Company Management Recommended Vote								Page 55

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6	Amend Articles to Allow Shareholder		Against	Against		ShrHoldr
		Meeting Agenda to Include Compliance
		Related Resolutions
		We do not believe that turning the annual
		shareholder meeting into a forum for the airing of
		grievances -- many of which date back to the
		company's formation more than 20 years ago when
		the former Japan National Railway (JNR) was broken
		up and privatized -- will benefit portfolio investors in
		the company who are primarily concerned with
		shareholder returns. Moreover, we are skeptical of
		the labor activists' objectivity in this debate, and
		regard policy decisions of this type as appropriate to
		be determined by management with board oversight,
		until and unless evidence emerges that management
		or the board is not acting in the best interests of
		shareholders. We recommend a vote against this
		proposal.
	7	Amend Articles to Form Committee on		Against	Against		ShrHoldr
		Compliance
		We are skeptical of the labor activists' objectivity in
		this debate. While management itself admits lapses
		in compliance in specific cases, it also appears that it
		acknowledges a need for appropriate consideration
		of measures to prevent recurrence. We regard policy
		decisions of this type as appropriate to be
		determined by management with board oversight,
		until and unless evidence emerges that management
		or the board is not acting in the best interests of
		shareholders. We recommend a vote against this
		proposal.
	8	Amend Articles to Require Disclosure		Against	For		ShrHoldr
		of Individual Director Compensation
		Levels
		RMG has consistently supported proposals of this
		type for several years, as we believe that
		shareholders ought to have the right to know how
		their representatives are being compensated, and
		that disclosure of aggregate levels only does not
		promote individual accountability. That is particularly
		true in the case of East Japan Railway, because the
		25-member board of directors is large even by
		Japanese standards. Moreover, we note that the
		current monthly compensation ceiling dates to 1993,
		prior to the company's listing on the Tokyo Stock
		Exchange, so it is somewhat misleading for the
		company to argue that shareholders have had an
		opportunity to vote on it. Although we recognize that
		the sponsors of this proposal are likely not motivated
		primarily by a commitment to transparency in support
Mgmt Rec - Company Management Recommended Vote								Page 56

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		of shareholder value (the proponents are widely seen
		as a labor union faction allied with Japan's
		Communist Party), we believe that the information
		sought in the proposal will in fact benefit ordinary
		investors. Management has presented
		interesting arguments in meetings with RMG that
		acknowledge that proposals such as this might be
		reasonable in isolation, but stress political reasons
		that shareholders would be advised not to give them
		any victories. These spokespeople argue that the
		labor union faction's agenda is to cast doubt on the
		considerable progress East Japan Railway has made
		in compliance and other areas since privatization,
		and, to somehow turn back the clock and encourage
		a larger national government role or even re-
		nationalization. The proponents' literature certainly
		taps into popular discontent with market reforms
		under a former prime minister, Junichiro Koizumi
		(known for privatizing the post office and its massive
		Postal Savings banking system), and a popular
		tendency to blame　America-based "market
		fundamentalism" for the current global economic
		crisis. Lapses aside, the firm does not appear to
		have a bad reputation in compliance overall, and,
		risking faint praise, the firm is far more efficient than
		was the old Japan National Railway
		system. However, we are skeptical of the
		implication that such a group's ability to gain
		significant support on any resolution somehow
		legitimizes other parts of their message. On the
		contrary, we believe that explicitly taking a
		shareholder-value, content-based, approach to their
		proposals risks little. It might encourage them to
		circulate more shareholder-friendly proposals
		unrelated to their ostensible agenda in the future, but
		winning support only on these proposals hardly
		seems to offer them potential momentum on issues
		such as re-hiring of workers laid off twenty years ago,
		or re-nationalization of railroads, much less an old-
		guard communist agenda. Because we believe the
		proposed amendment will improve the flow of useful,
		relevant information to shareholders, and may
		enhance the company's overall reputation for
		transparency and accountability, we recommend
		support for this resolution.
	9	Amend Articles to Require At Least		Against	For		ShrHoldr
		20% Non-Executive Board of Directors
		RMG encourages nomination of non-executive
		directors able to exercise highly independent
		oversight of management, and we agree with the
		substantial global consensus among institutional
Mgmt Rec - Company Management Recommended Vote								Page 57

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		investors that Japanese boards suffer from excessive
		domination by executive insiders. Although placing a
		minimum quota in the articles of association runs the
		risk of encouraging a legalistic mindset, and may
		perpetuate the reluctance to go any further toward
		the goal of meaningful independent board oversight,
		20 percent is far below the majority that most
		institutions favor, and the step could help convey the
		message that shareholders do favor more
		independent oversight.
	10	mend Articles to Clarify Roles of		Against	Against		ShrHoldr
		Advisors and to Create Board
		Committees on Labor Relations and on
		Safety
		RMG is concerned about the safety concerns raised
		about the firm, but we are skeptical that shareholder-
		mandated board committees without management
		support could do much to help advance safety, labor
		relations or shareholder value. The complex
		business of nurturing improvement in labor relations
		and a railroad's safety record are appropriate to be
		determined by management with board oversight,
		until and unless evidence emerges that management
		or the board is not acting in the best interests of
		shareholders. We recommend a vote against this
		proposal.
	11.1	Remove Chairman Mutsutake Ohtsuka		Against	Against		ShrHoldr
		from Board
		We are skeptical of the labor activists' agenda, and
		not convinced that possible lapses in judgment in the
		past were not isolated instances, or that they betray
		a systematic or sustained disregard for the
		company's interests. Moreover, the proponents'
		proposed replacements do not appear much better
		qualified to oversee management in the interest of
		shareholder interests and long-term corporate
		survival (see Item 12). Like the vast majority of
		Japanese firms, this board is too management-
		dominated to exercise the sort of oversight that could
		avert future management risks, but the proposed
		ousters do not appear to offer an effective remedy.
		RMG recommends votes against these eight
		proposed ousters.
	11.2	Remove President Satoshi Seino from		Against	Against		ShrHoldr
		Board
	11.3	Remove Vice President Masaki Ogata		Against	Against		ShrHoldr
		from Board
	11.4	Remove Director Hiroyuki Nakamura		Against	Against		ShrHoldr
		from Board
	11.5	Remove Director Tohru Owada from		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 58

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board
	11.6	Remove Director Seiichiro Oi from		Against	Against		ShrHoldr
		Board
	11.7	Remove Director Yuji Fukazawa from		Against	Against		ShrHoldr
		Board
	11.8	Remove Director Yuji Morimoto from		Against	Against		ShrHoldr
		Board
	12.1	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
		The nominees have backgrounds as academics and
		labor activists, but not as corporate managers. The
		fifth nominee is a former employee of what was then
		Japan National Railway, but otherwise none of the
		nominees has experience in the railway industry.
		RMG does not believe that any of the nominees will
		be able to make a positive contribution to the
		deliberations of the board, on behalf of ordinary
		investors, given that the purpose of their appointment
		would be to battle incumbent management. We
		recommend that shareholders oppose these
		nominations.
	12.2	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
	12.3	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
	12.4	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
	12.5	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
	13	Cut Director Compensation by 20		Against	Against		ShrHoldr
		Percent
		We do not see a coherent case to mandate a pay
		cut, and recommend a vote against this item.
	14	Approve Alternate Income Allocation to		Against	Against		ShrHoldr
		Establish Reserve for Reemployment of
		Former JNR Employees
		We do not believe it is appropriate to ask the
		company's 280,000 shareholders to sacrifice their
		final dividend for the (potential) benefit of a limited
		number of stakeholders, and we recommend that
		shareholders oppose this resolution.
	15	Approve Alternate Income Allocation to		Against	Against		ShrHoldr
		Establish Reserve for Consolidation of
		Local Rail Lines
		The proponents present no financial justification for
		such assistance, and management asserts that the
		move is not justifiable from the standpoint of
		shareholder value. We find management's assertion
		that their proposal would not help shareholder value
		to be highly convincing. While voters may legitimately
Mgmt Rec - Company Management Recommended Vote								Page 59

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		decide to allocate taxpayer resources to such a
		purpose, we see no justification to use East Japan
		Railway shareholder assets in this way. We cannot
		support this item.
04/29/09 - A	eBay Inc. *EBAY*		278642103			03/04/09		3,477
	1	Elect Directors		For	For		Mgmt
	2	Approve Stock Option Exchange		For	For		Mgmt
		Program
		Value enhancing to shareholders; excludes execs
		and non-employee directors.
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
06/09/09 - A	eHealth Inc *EHTH*		28238P109			04/17/09		2,079
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
		Executive officers will receive cash.
05/06/09 - A	EMC Corporation *EMC*		268648102			03/05/09		5,772
	1	Elect Director Michael W. Brown		For	For		Mgmt
	2	Elect Director Randolph L. Cowen		For	For		Mgmt
	3	Elect Director Michael J. Cronin		For	For		Mgmt
	4	Elect Director Gail Deegan		For	For		Mgmt
	5	Elect Director John R. Egan		For	For		Mgmt
	6	Elect Director W. Paul Fitzgerald		For	For		Mgmt
	7	Elect Director Edmund F. Kelly		For	For		Mgmt
	8	Elect Director Windle B. Priem		For	For		Mgmt
	9	Elect Director Paul Sagan		For	For		Mgmt
	10	Elect Director David N. Strohm		For	For		Mgmt
	11	Elect Director Joseph M. Tucci		For	For		Mgmt
	12	Ratify Auditors		For	For		Mgmt
	13	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	14	Permit Right to Call Special Meeting		For	For		Mgmt
		Currently 85%; will change to 40% for special
		meeting; currently written consent requires 100%.
	15	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of exec comp
		disclosed in proxy.
Mgmt Rec - Company Management Recommended Vote								Page 60

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/16/09 - A	Emcor Group, Inc. *EME*		29084Q100			04/20/09		1,068
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/28/09 - A	Encore Acquisition Company		29255W100			03/11/09		791
	*EAC*
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director I. Jon Brumley ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.2	Elect Director Jon S. Brumley ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.3	Elect Director John A. Bailey ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.4	Elect Director Martin C. Bowen ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.5	Elect Director Ted Collins, Jr. ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.6	Elect Director Ted A. Gardner ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.7	Elect Director John V. Genova ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.8	Elect Director James A. Winne III ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	2	Ratify Auditors		For	For		Mgmt
04/29/09 -	ENEL SpA		T3679P115			None		6,900
A/S
		Ordinary Business
Mgmt Rec - Company Management Recommended Vote								Page 61

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1	Accept Financial Statements,		For	For		Mgmt
		Consolidated Financial Statements,
		and Statutory Reports
	2	Approve Allocation of Income		For	For		Mgmt
		Special Business
	1	Approve Capital Increase In The		For	For		Mgmt
		Maximum Amount of EUR 8 Billion With
		Preemptive Rights
04/30/09 - A	Eni Spa		T3643A145			None		3,801
		Ordinary Business
	1	Accept Financial Statements,		For	For		Mgmt
		Consolidated Financial Statements,
		and Statutory Reports
	2	Approve Allocation of Income		For	For		Mgmt
05/13/09 - A	Entertainment Properties		29380T105			02/18/09		56
	Trust *EPR*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 5.18% is within allowable cap of
		5.48%.
	3	Ratify Auditors		For	For		Mgmt
06/09/09 - A	Equinix, Inc. *EQIX*		29444U502			04/20/09		518
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Equity One, Inc. *EQY*		294752100			03/16/09		1,255
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Noam Ben-Ozer --- For
	1.2	Elect Director James S. Cassel --- For
	1.3	Elect Director Cynthia R. Cohen --- For
	1.4	Elect Director Neil Flanzraich ---
		Withhold
		Sits on 6 boards.
	1.5	Elect Director Nathan Hetz --- For
	1.6	Elect Director Chaim Katzman --- For
	1.7	Elect Director Peter Linneman --- For
	1.8	Elect Director Jeffrey S. Olson --- For
	1.9	Elect Director Dori Segal --- For
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 62

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/26/09 - A	ev3, Inc. *EVVV*		26928A200			03/30/09		822
	1	Elect Director Jeffrey B. Child		For	Against		Mgmt
		Tax gross-ups on change-in-control agreement.
	2	Elect Director John L. Miclot		For	For		Mgmt
	3	Elect Director Thomas E. Timbie		For	Against		Mgmt
		Tax gross-ups on change-in-control agreement.
	4	Ratify Auditors		For	For		Mgmt
04/28/09 - A	Exelon Corporation *EXC*		30161N101			03/02/09		1,022
	1	Elect Directors		For	For		Mgmt
	2	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	3	Ratify Auditors		For	For		Mgmt
	4	Report on Global Warming		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence of non-
		compliance with current law or that proposal would
		results in inmproved shareholder returns.
04/30/09 - A	Exterran Holdings, Inc. *EXH*		30225X103			03/05/09		990
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 7.85% exceeds allowable cap of
		7.31%.
05/27/09 - A	Exxon Mobil Corp. *XOM*		30231G102			04/06/09		12,516
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Provide for Cumulative Voting		Against	Against		ShrHoldr
	4	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
		Shareholders may not act by written consent
		Shareholders may not call special meetings
	5	Reincorporate in Another State [from		Against	Against		ShrHoldr
		New Jersey to North Dakota]
		Management responded meaningfully and can
		accomplish proponent’s goals without incurring
		expense of reincorporation.
	6	Require Independent Board Chairman		Against	Against		ShrHoldr
		Independent lead director in place.
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
Mgmt Rec - Company Management Recommended Vote								Page 63

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		compensation consistently supported by PPC.
	8	Compare CEO Compensation to		Against	Against		ShrHoldr
		Average U.S. per Capita Income
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	9	Review Anti-discrimination Policy on		Against	Against		ShrHoldr
		Corporate Sponsorships and Executive
		Perks
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	10	Amend EEO Policy to Prohibit		Against	Against		ShrHoldr
		Discrimination based on Sexual
		Orientation and Gender Identity
		Current policies appear to address the
		proposal’s intent. Management responded
		meaningfully; no evidence of non-compliance with
		current law or that proposal will result in improved
		shareholder returns.
	11	Adopt Quantitative GHG Goals for		Against	Against		ShrHoldr
		Products and Operations
		Company appears to be addressing proponents
		issues though it may have different views on certain
		solutions. Management responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will result in improved shareholder returns.
	12	Report on Climate Change Impacts on		Against	Against		ShrHoldr
		Emerging Countries
		Restrictive to management; more effectively
		addressed by appropriate scientific disciplines and
		government agencies. Management responded
		meaningfully; no evidence of non-compliance with
		current law or that proposal will result in improved
		shareholder returns.
	13	Adopt Policy to Increase Renewable		Against	Against		ShrHoldr
		Energy
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/21/09 - A	Fifth Third Bancorp *FITB*		316773100			02/27/09		5,096
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Darryl F. Allen --- For
	1.2	Elect Director John F. Barrett --- For
Mgmt Rec - Company Management Recommended Vote								Page 64

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.3	Elect Director Ulysses L. Bridgeman,
		Jr. --- For
	1.4	Elect Director James P. Hackett --- For
	1.5	Elect Director Gary R. Heminger ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.6	Elect Director Kevin T. Kabat --- For
	1.7	Elect Director Mitchel D. Livingston ---
		For
	1.8	Elect Director Hendrik G. Meijer ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.9	Elect Director John J. Schiff, Jr. --- For
	1.10	Elect Director Dudley S. Taft --- For
	1.11	Elect Director Thomas W. Traylor ---
		For
	1.12	Elect Director Marsha C. Williams ---
		For
	2	Amend Articles of Incorporation		For	Against		Mgmt
		Blank check preferred without clear business need.
	3	Amend Nonqualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
	5	Advisory Vote on Executive		For	Against		Mgmt
		Compensation
		Pay/performance disconnect and poor pay practices.
	6	Prepare Sustainability Report		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in imprved shareholder returns.
	7	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
	8	Hire Advisor/Maximize Shareholder		Against	Against		ShrHoldr
		Value
		Management has taken appropriate steps in current
		market; merger activity is limited and best price may
		not be readily obtainable.
04/28/09 - A	First Advantage Corp.		31845F100			03/10/09		663
	*FADV*
	1	Elect Directors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 65

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/01/09 - A	FLIR Systems, Inc. *FLIR*		302445101			02/27/09		1,542
	1	Elect Directors		For	For		Mgmt
	2	Approve Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
		All employees can purchase shares at 85% of F.M.V.
	3	Ratify Auditors		For	For		Mgmt
06/11/09 - A	Flotek Industries, Inc *FTK*		343389102			04/20/09		2,014
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/05/09 - A	Flowers Foods, Inc. *FLO*		343498101			04/03/09		1,257
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Joe E. Beverly ---
		Withhold
		Failure to remove dead hand/slow hand provision
		from poison pill.
	1.2	Elect Director Amos R. McMullian ---
		Withhold
		Failure to remove dead hand/slow hand provision
		from poison pill.
	1.3	Elect Director J.V. Shields, Jr. ---
		Withhold
		Failure to remove dead hand/slow hand provision
		from poison pill.
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Ratify Auditors		For	For		Mgmt
04/08/09 - S	Fortis SA/NV		B4399L102			None		3,513
		Special Meeting (Utrecht, the
		Netherlands)
	1	Open Meeting		None	None		Mgmt
	2	Withdrawn Item: Approve the Proposed		None	None		Mgmt
		Transactions Between Fortis SA/NV,
		BNP Paribas S.A., the Belgian State,
		and Related Parties, as Laid Down in
		the Shareholder Circular
	3	Elect Directors		None	None		Mgmt
	4.1.	Amend Articles Re: Change of		For	For		Mgmt
		Company's Registered Seat to Utrecht,
		Decrease of Registered Capital and
		Deletion of References to Preference
		Shares, Reduction of Maximum
		Number of Directors to 11 and
Mgmt Rec - Company Management Recommended Vote								Page 66

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Introduction of Limited Indemnification
		for Directors
	4.2.	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
	5	Close Meeting		None	None		Mgmt
04/09/09 - S	Fortis SA/NV		B4399L102			None		3,513
		Special Meeting (Brussels, Belgium)
	1	Open Meeting		None	None		Mgmt
	2	Withdrawn Item: Approve the Proposed		None	None		Mgmt
		Transactions Between Fortis SA/NV,
		BNP Paribas S.A., the Belgian State,
		and Related Parties, as Laid Down in
		the Shareholder Circular
	3	Elect Directors		None	None		Mgmt
	4.1.	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	4.2.	Authorize Disposal of, Including		For	For		Mgmt
		Reissuance, of Repurchased Shares
	5.1.1	Approve Reduction in Share Capital to		For	For		Mgmt
		Set Off Losses for Fiscal Year 2008
	5.1.2	Approve Reduction in Share Capital,		For	For		Mgmt
		Book Corresponding Amount Under
		'Reserves Available for Distribution',
		and Amend Articles Accordingly
	5.2.1	Receive Special Board Report		None	None		Mgmt
	5.2.2	Authorize Issuance of Equity With or		For	For		Mgmt
		Without Preemptive Rights and Amend
		Articles Accordingly
	5.3	Amend Articles Re: Decrease		For	For		Mgmt
		Maximum Number of Directors
	6	Close Meeting		None	None		Mgmt
04/28/09 -	Fortis SA/NV		B4399L102			None		3,959
A/S
		Annual/Special Meeting of Fortis
		SA/NV
	1	Open Meeting		None	None		Mgmt
	2	Approve the Proposed Transactions		For	For		Mgmt
		Between Fortis SA/NV, BNP Paribas
		S.A., the Belgian State, and Related
		Parties, as Laid Down in the
		Shareholder Circular
	3.1.1	Receive Directors' Report (Non-Voting)		None	None		Mgmt
	3.1.2	Receive Consolidated Financial		None	None		Mgmt
		Statements and Statutory Reports
	3.1.3	Accept Financial Statements		For	For		Mgmt
	3.1.4	Approve Allocation of Income		For	For		Mgmt
	3.2	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
Mgmt Rec - Company Management Recommended Vote								Page 67

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3.3.1	Approve Discharge of Directors		For	Against		Mgmt
		Given the vagueness of the remuneration policy,
		and, more even crucially, because of the defective
		communication of the company, there are serious
		concerns about actions of the board for the year
		2008. Therefore, refusal to grant discharge to the
		board for the past fiscal year is warranted.
	3.3.2	Approve Discharge of Auditors		For	For		Mgmt
	4	Discussion on Company's Corporate		None	None		Mgmt
		Governance Structure
	5	Elect Directors		For	For		Mgmt
	6.1	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	6.2	Authorize Disposal of, Including		For	For		Mgmt
		Reissuance, of Repurchased Shares
	7.1.1	Approve Reduction in Share Capital to		For	For		Mgmt
		Set Off Losses for Fiscal Year 2008
	7.1.2	Approve Reduction in Share Capital,		For	For		Mgmt
		Book Corresponding Amount Under
		'Reserves Available for Distribution',
		and Amend Articles Accordingly
	7.2.1	Receive Special Board Report		None	None		Mgmt
	7.2.2	Authorize Issuance of Equity With or		For	For		Mgmt
		Without Preemptive Rights and Amend
		Articles Accordingly
	7.3	Fix Maximum Number of Directors at		For	For		Mgmt
		11
	8	Close Meeting		None	None		Mgmt
04/29/09 -	Fortis SA/NV		B4399L102			None		3,959
A/S
		Annual/Special Meeting of Fortis NV
	1	Open Meeting		None	None		Mgmt
	2	Approve the Proposed Transactions		For	For		Mgmt
		Between Fortis SA/NV, BNP Paribas
		S.A., the Belgian State, and Related
		Parties, as Laid Down in the
		Shareholder Circular
	3.1.1	Receive Directors' Report (Non-Voting)		None	None		Mgmt
	3.1.2	Receive Consolidated Financial		None	None		Mgmt
		Statements and Statutory Reports
	3.1.3	Accept Financial Statements		For	For		Mgmt
	3.2	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	3.3	Approve Discharge of Directors		For	Against		Mgmt
		Given the vagueness of the remuneration policy,
		and, more crucially even, because of the defective
		communication of the company, we consider there
		are serious concerns about actions of the board for
		the year 2008. Therefore, refusual to grant discharge
Mgmt Rec - Company Management Recommended Vote								Page 68

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		to the board for the past fiscal year is warranted.
	4	Discussion on Company's Corporate		None	None		Mgmt
		Governance Structure
	5	Elect Directors		For	For		Mgmt
	6.1	Amend Articles Re: Amend Authorized		For	For		Mgmt
		Capital and Delete Preference Shares
	6.2	Amend Articles Re: Change of		For	For		Mgmt
		Company's Registered Seat to Utrecht
	6.3	Amend Articles Re: Body Authorized to		For	For		Mgmt
		Issue Shares Without Preemptive
		Rights
		General capital increases without preemptive rights
		should be no more than 20 percent of the existing
		outstanding share capital. Approval of this proposal
		would authorize the management board to issue
		shares equivalent to 24 percent of currently issued
		share capital without preemptive rights. Since the
		proposal exceeds guidelines, this proposal warrants
		a vote against.
	6.4	Fix Maximum Number of Directors at		For	For		Mgmt
		11
	6.5	Amend Articles Re: Introduction of		For	For		Mgmt
		Limited Indemnification for Directors
	6.6	Amend Articles Re: Annual General		For	For		Mgmt
		Meeting
	6.7	Authorize Coordination of Articles		For	For		Mgmt
	7	Close Meeting		None	None		Mgmt
05/20/09 - A	Fossil, Inc. *FOSL*		349882100			03/27/09		1,029
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/06/09 - A	Foster Wheeler AG *FWLT*		H27178104			03/09/09		1,836
		This is a duplicate meeting for
		ballots received via the Broadridge
		North American ballot distribution
		system
	1	ELECTION OF DIRECTOR: ROBERT		For	For		Mgmt
		C. FLEXON
	2	ELECTION OF DIRECTOR:		For	For		Mgmt
		MAUREEN B. TART-BEZER
	3	ELECTION OF DIRECTOR: JAMES D.		For	For		Mgmt
		WOODS
	4	RE-ELECTION OF		For	For		Mgmt
		PRICEWATERHOUSECOOPERS AG,
		SWITZERLAND, AS
		OURINDEPENDENT AUDITOR (
		REVISIONSSTELLE ) FOR 2009
	5	RATIFICATION OF THE		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 69

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		APPOINTMENT OF
		PRICEWATERHOUSECOOPERS LLP
		ASOUR INDEPENDENT
		REGISTERED PUBLIC ACCOUNTING
		FIRM FOR 2009(CONSULTATIVE
		VOTE)
	6	IN THE EVENT		For	Abstain		Mgmt
		COUNTERPROPOSALS,
		ALTERATIONS OR AMENDMENTS
		OF THEAGENDA ITEMS OR OTHER
		MATTERS ARE RAISED AT THE
		ANNUAL GENERALMEETING, I
		INSTRUCT THE APPOINTED
		PROXIES TO VOTE AS FOLLOWS
05/26/09 -	France Telecom		F4113C103			05/21/09		2,164
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Discharge Directors
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.40 per Share
	4	Approve Auditors' Special Report		For	Against		Mgmt
		Regarding Related-Party Transactions
		Given the absence of full disclosure with regard to
		the performance criteria applying to Didier Lombard's
		bonus, it is not possible to consider the performance
		conditions attached to these severance payments
		sufficiently challenging. As a result, this item
		does not merit support.
	5	Renew Appointment of Ernst and		For	For		Mgmt
		Young Audit as Auditor
	6	Renew Appointment of Auditex as		For	For		Mgmt
		Alternate Auditor
	7	Renew Appointment of Deloitte and		For	For		Mgmt
		Associes as Auditor
	8	Renew Appointment of BEAS as		For	For		Mgmt
		Alternate Auditor
	9	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	10	Amend Article 13 of Bylaws Re:		For	For		Mgmt
		Shareholding Requirements for
		Directors
	11	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 2 Billion
Mgmt Rec - Company Management Recommended Vote								Page 70

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	12	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights, with the Possibility Not to Offer
		them to the Public, up to Aggregate
		Nominal Amount of EUR 1.5 Billion
	13	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	14	Authorize Capital Increase of Up to		For	For		Mgmt
		EUR 1.5 Billion for Future Exchange
		Offers
	15	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	16	Authorize Capital Increase of up to		For	For		Mgmt
		EUR 70 Million Reserved for Holders of
		Orange SA Stock Options or Shares in
		Connection with France Telecom
		Liquidity Agreement
	17	Authorize up to EUR 1 Million for		For	For		Mgmt
		Issuance of Free Option-Based
		Liquidity Instruments Reserved for
		Holders of Orange SA Stock Options
		Benefitting from a Liquidity Agreement
	18	Set Global Limit for Capital Increase to		For	For		Mgmt
		Result from All Issuance Requests at
		EUR 3.5 Billion
	19	Approve Issuance of Securities		For	For		Mgmt
		Convertible into Debt up to an
		Aggregate Amount of EUR 7 Billion
	20	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 2 Billion for Bonus Issue or
		Increase in Par Value
	21	Authorize up to 1 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock Plan
		The absence of information on forward-looking
		performance criteria and the volume in excess of
		recommended guidelines (5.23 percent) warrant
		opposition to this proposal.
	22	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	23	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	24	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
06/17/09 - A	Freds, Inc. *FRED*		356108100			05/01/09		2,797
	1	Elect Directors		For	Withhold		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 71

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
06/11/09 - A	Freeport-McMoRan Copper & 35671D857					04/14/09		1,124
	Gold Inc. *FCX*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Richard C. Adkerson ---
		For
	1.2	Elect Director Robert J. Allison, Jr. ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.3	Elect Director Robert A. Day --- For
	1.4	Elect Director Gerald J. Ford --- For
	1.5	Elect Director H. Devon Graham, Jr. ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.6	Elect Director J. Bennett Johnston ---
		For
	1.7	Elect Director Charles C. Krulak ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.8	Elect Director Bobby Lee Lackey ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.9	Elect Director Jon C. Madonna --- For
	1.10	Elect Director Dustan E. McCoy --- For
	1.11	Elect Director Gabrielle K. McDonald ---
		For
	1.12	Elect Director James R. Moffett --- For
	1.13	Elect Director B.M. Rankin, Jr. --- For
	1.14	Elect Director J. Stapleton Roy --- For
	1.15	Elect Director Stephen H. Siegele ---
		For
	1.16	Elect Director J. Taylor Wharton --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Request Director Nominee		Against	Against		ShrHoldr
		Environmental Qualifications
		Management responded meaningfully; not likely to
		accomplish proponent’s goals.
Mgmt Rec - Company Management Recommended Vote								Page 72

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/29/09 - A	Fresh Del Monte Produce Inc.		G36738105			02/27/09		537
	*FDP*
	1a	Elect Mohammad Abu-Ghazaleah as		For	For		Mgmt
		director
	1b	Elect Hani El-Naffy as director		For	For		Mgmt
	1c	Elect John H. Dalton as director		For	For		Mgmt
	2	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports (Voting)
	3	Ratify Ernst & Young LLP as Auditors		For	For		Mgmt
06/03/09 - A	FTI Consulting, Inc. *FCN*		302941109			03/30/09		633
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 11.33% is within allowable cap of
		11.35%.
	3	Ratify Auditors		For	For		Mgmt
05/21/09 - A	Fuel Tech, Inc. *FTEK*		359523107			03/24/09		1,736
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/05/09 - A	Gamco Investors Inc *GBL*		361438104			03/31/09		342
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/06/09 - A	General Dynamics Corp.		369550108			03/09/09		901
	*GD*
	1	Elect Director Nicholas D. Chabraja		For	For		Mgmt
	2	Elect Director James S. Crown		For	For		Mgmt
	3	Elect Director William P. Fricks		For	For		Mgmt
	4	Elect Director Jay L. Johnson		For	For		Mgmt
	5	Elect Director George A. Joulwan		For	For		Mgmt
	6	Elect Director Paul G. Kaminski		For	For		Mgmt
	7	Elect Director John M. Keane		For	For		Mgmt
	8	Elect Director Deborah J. Lucas		For	For		Mgmt
	9	Elect Director Lester L. Lyles		For	For		Mgmt
	10	Elect Director J. Christopher Reyes		For	For		Mgmt
	11	Elect Director Robert Walmsley		For	For		Mgmt
	12	Approve Omnibus Stock Plan		For	For		Mgmt
	13	Approve Nonqualified Employee Stock		For	For		Mgmt
		Purchase Plan
		Plan for UK employees; intended to comply with UK
		law; 85% discount.
	14	Ratify Auditors		For	For		Mgmt
	15	Report on Space-based Weapons		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 73

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Program
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	16	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
		Overly restrictive and not the best way to accomplish
		proponents goals.
04/22/09 - A	General Electric Co. *GE*		369604103			02/23/09		20,521
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director James I. Cash, Jr. --- For
	1.2	Elect Director William M. Castell --- For
	1.3	Elect Director Ann M. Fudge --- For
	1.4	Elect Director Susan Hockfield --- For
	1.5	Elect Director Jeffrey R. Immelt --- For
	1.6	Elect Director Andrea Jung --- For
	1.7	Elect Director Alan G. (A.G.) Lafley ---
		For
		75% attendance one year (PPC guideline is withhold
		75% two years).
	1.8	Elect Director Robert W. Lane --- For
	1.9	Elect Director Ralph S. Larsen --- For
	1.10	Elect Director Rochelle B. Lazarus ---
		For
	1.11	Elect Director James J. Mulva --- For
	1.12	Elect Director Sam Nunn --- For
	1.13	Elect Director Roger S. Penske --- For
	1.14	Elect Director Robert J. Swieringa ---
		For
	1.15	Elect Director Douglas A. Warner III ---
		For
	2	Ratify Auditors		For	For		Mgmt
	3	Provide for Cumulative Voting		Against	Against		ShrHoldr
	4	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Same language as other proposals approved by
		PPC.
	5	Evaluate the Potential Conversion of		Against	Against		ShrHoldr
		the Corporation's Business Units into
		Four or More Public Corporations and
		Distribute New Shares
		No clear evidence that prposal will improve
		shareholder returns or improve stragetic oversight
Mgmt Rec - Company Management Recommended Vote								Page 74

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		and management planning already in place.
	6	Adopt Policy to Cease the Payments of		Against	Against		ShrHoldr
		Dividends or Equivalent Payments to
		Senior Executives for Shares Not
		Owned
		Dividends are deemed earned prior to share payout.
	7	Submit Severance Agreement (Change		Against	Against		ShrHoldr
		in Control) to shareholder Vote
05/20/09 - A	GlaxoSmithKline plc		G3910J112			None		6,263
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Elect James Murdoch as Director		For	For		Mgmt
	4	Re-elect Larry Culp as Director		For	For		Mgmt
	5	Re-elect Sir Crispin Davis as Director		For	For		Mgmt
	6	Re-elect Dr Moncef Slaoui as Director		For	For		Mgmt
	7	Re-elect Tom de Swaan as Director		For	For		Mgmt
	8	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	9	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	10	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Organisations
		Other than Political Parties up to GBP
		50,000 and to Incur EU Political
		Expenditure up to GBP 50,000
	11	Authorise Issue of Equity with Pre-		For	For		Mgmt
		emptive Rights Under a General
		Authority up to GBP 432,359,137 and
		an Additional Amount Pursuant to a
		Rights Issue of up to GBP 864,692,333
		After Deducting Any Securities Issued
		Under the General Authority
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 64,854,519
	13	Authorise 518,836,153 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	14	Approve the Exemption from Statement		For	For		Mgmt
		of the Name of the Senior Statutory
		Auditor in Published Copies of the
		Auditor's Reports
	15	Approve That a General Meeting of the		For	For		Mgmt
		Company Other Than an Annual
		General Meeting May Be Called on Not
		Less Than 14 Clear Days' Notice
	16	Approve GlaxoSmithKline 2009		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 75

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Performance Share Plan
	17	Approve GlaxoSmithKline 2009 Share		For	For		Mgmt
		Option Plan
	18	Approve GlaxoSmithKline 2009		For	For		Mgmt
		Deferred Annual Bonus Plan
05/07/09 - A	Google Inc *GOOG*		38259P508			03/10/09		783
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Eric Schmidt --- Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.2	Elect Director Sergey Brin --- Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.3	Elect Director Larry Page --- Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.4	Elect Director L. John Doerr ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.5	Elect Director John L. Hennessy ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.6	Elect Director Arthur D. Levinson ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.7	Elect Director Ann Mather --- Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.8	Elect Director Paul S. Otellini ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.9	Elect Director K. Ram Shriram ---
Mgmt Rec - Company Management Recommended Vote								Page 76

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.10	Elect Director Shirley M. Tilghman ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
	4	Report on Political Contributions		For	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	5	Adopt Policies to Protect Freedom of		Against	Against		ShrHoldr
		Access to the Internet
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	6	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/22/09 - A	Greenhill & Co., Inc. *GHL*		395259104			03/03/09		133
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Robert F. Greenhill ---
		For
	1.2	Elect Director Scott L. Bok --- For
	1.3	Elect Director Simon A. Borrows --- For
	1.4	Elect Director John C. Danforth --- For
	1.5	Elect Director Steven F. Goldstone ---
		For
	1.6	Elect Director Stephen L. Key --- For
	1.7	Elect Director Robert T. Blakely --- For
Mgmt Rec - Company Management Recommended Vote								Page 77

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Ratify Auditors		For	For		Mgmt
05/14/09 - A	Gulfmark Offshore, Inc.		402629109			03/24/09		227
	*GLF*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/02/09 - A	H & E EQUIPMENT		404030108			04/09/09		2,642
	SERVICES INC *HEES*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/04/09 - A	H & M Hennes & Mauritz		W41422101			04/27/09		840
	1	Open Meeting		None	None		Mgmt
	2	Elect Sven Unger as Chairman of		For	For		Mgmt
		Meeting
	3	Receive President's Report; Allow for		None	None		Mgmt
		Questions
	4	Prepare and Approve List of		For	For		Mgmt
		Shareholders
	5	Approve Agenda of Meeting		For	For		Mgmt
	6	Designate Inspector(s) of Minutes of		For	For		Mgmt
		Meeting
	7	Acknowledge Proper Convening of		For	For		Mgmt
		Meeting
	8a	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports; Receive Information
		About Remuneration Guidelines
	8b	Receive Auditor's and Auditing		None	None		Mgmt
		Committee's Reports
	8c	Receive Chairman's Report About		None	None		Mgmt
		Board Work
	8d	Receive Report of the Chairman of the		None	None		Mgmt
		Nominating Committee
	9a	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	9b	Approve Allocation of Income and		For	For		Mgmt
		Dividends of SEK 15.50 per Share
	9c	Approve Discharge of Board and		For	For		Mgmt
		President
	10	Determine Number of Members (7) and		For	For		Mgmt
		Deputy Members (0) of Board
	11	Approve Remuneration of Directors in		For	For		Mgmt
		the Amount of SEK 1.4 Million to the
		Chairman and 375,000 to Other
		Directors; Approve Remuneration to
		Committee Members; Approve
		Remuneration of Auditors
Mgmt Rec - Company Management Recommended Vote								Page 78

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	12	Reelect Mia Livfors, Lottie Knutson,		For	Against		Mgmt
		Sussi Kvart, Bo Lundquist, Stig
		Nordfelt, Stefan Persson (Chair), and
		Melker Schoerling as Directors
		Because the overall independence of the
		shareholder-elected board members is below the 50-
		percent threshold for MSCI EAFE companies, this
		proposal does not merit support.
	13	Ratify Ernst & Young as Auditor for a		For	For		Mgmt
		Four Year Period
	14	Elect Stefan Persson, Lottie Tham,		For	For		Mgmt
		Staffan Grefbaeck, Jan Andersson, and
		Peter Lindell as Members of
		Nominating Committee
	15	Approve Remuneration Policy And		For	For		Mgmt
		Other Terms of Employment For
		Executive Management
	16	Close Meeting		None	None		Mgmt
04/16/09 - A	H.B. Fuller Co. *FUL*		359694106			02/18/09		210
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Non-Employee Director		For	Against		Mgmt
		Omnibus Stock Plan
		Plan's cost of 11.76% exceeds allowable cap of
		8.48%.
05/07/09 - A	Halozyme Therapeutics, Inc.		40637H109			04/01/09		3,501
	*HALO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Hercules Offshore, Inc.		427093109			02/27/09		1,403
	*HERO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Highwoods Properties, Inc.		431284108			03/02/09		909
	*HIW*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 4.94% is within allowable cap of
		5.00%.
Mgmt Rec - Company Management Recommended Vote								Page 79

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/28/09 - A	Home Depot, Inc. *HD*		437076102			03/30/09		4,067
	1	Elect Director F. Duane Ackerman		For	For		Mgmt
	2	Elect Director David H. Batchelder		For	For		Mgmt
	3	Elect Director Francis S. Blake		For	For		Mgmt
	4	Elect Director Ari Bousbib		For	For		Mgmt
	5	Elect Director Gregory D. Brenneman		For	For		Mgmt
	6	Elect Director Albert P. Carey		For	For		Mgmt
	7	Elect Director Armando Codina		For	For		Mgmt
	8	Elect Director Bonnie G. Hill		For	For		Mgmt
	9	Elect Director Karen L. Katen		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Approve Right to Call Special Meetings		For	For		Mgmt
		Shareholders may not act by written consent
		Shareholders may not call special meetings
	12	Provide for Cumulative Voting		Against	Against		ShrHoldr
	13	Call Special Meetings		Against	Against		ShrHoldr
		Not necessary; already in place (see management
		proposal item 11 - to approve amendment already in
		place - 25% right to call special meeting).
	14	Prepare Employment Diversity Report		Against	Against		ShrHoldr
		Management responded meaningfully, has
		appropriate policies in place and has dealt with past
		allegations within the existing legal and regulatory
		structure.
	15	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
	16	Assess Energy Use and Establish		Against	Against		ShrHoldr
		Reduction Targets
		Management responded meaningfully; overly
		restrictive and not likely to accomplish
		proponent’s goals.
05/05/09 - A	Home Properties Inc *HME*		437306103			03/09/09		40
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/23/09 - A	Honda Motor Co. Ltd. *7267*		J22302111			03/31/09		1,813
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 8
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
	4	Appoint Statutory Auditor		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 80

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Approve Annual Bonus Payment to		For	For		Mgmt
		Directors and Statutory Auditors
05/22/09 - A	HSBC Holdings plc		G4634U169			None		15,614
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
		Vote Recommendation On balance, the
		Company's remuneration practices comply with its
		strategy and follow good practice guidelines, with the
		exception of the contractual entitlement of average
		bonus upon engagement under two Executive
		Directors’ service contracts. However,
		whereas this issue is highlighted on this occasion,
		retention of this feature may result in an unfavourable
		vote recommendation on the remuneration report in
		future years. Mitigating, it is noted that the
		provision for average bonus will no longer be an
		issue for Stephen Green in the future as he is no
		longer eligible to receive annual bonus payments and
		therefore any average bonus receivable under the
		termination arrangements would be zero, assuming
		his remaining on the Board for at least two more
		years. Nevertheless, the issue remains for Michael
		Geoghegan who, although having received no bonus
		for 2008, will be eligible for annual bonus payments
		going forward At this time, shareholders are
		recommended to support this item. [VOTE
		RECOMMENDATION: CONTENTIOUS FOR]
	3a	Re-elect Safra Catz as Director		For	For		Mgmt
	3b	Re-elect Vincent Cheng as Director		For	For		Mgmt
	3c	Elect Marvin Cheung as Director		For	For		Mgmt
	3d	Re-elect John Coombe as Director		For	For		Mgmt
	3e	Re-elect Jose Duran as Director		For	For		Mgmt
	3f	Re-elect Rona Fairhead as Director		For	For		Mgmt
	3g	Re-elect Douglas Flint as Director		For	For		Mgmt
	3h	Re-elect Alexander Flockhart as		For	For		Mgmt
		Director
	3i	Re-elect Lun Fung as Director		For	For		Mgmt
	3j	Re-elect Michael Geoghegan as		For	For		Mgmt
		Director
	3k	Re-elect Stephen Green as Director		For	For		Mgmt
	3l	Re-elect Stuart Gulliver as Director		For	For		Mgmt
	3m	Re-elect James Hughes-Hallett as		For	For		Mgmt
		Director
	3n	Re-elect William Laidlaw as Director		For	For		Mgmt
	3o	Elect Rachel Lomax as Director		For	For		Mgmt
	3p	Re-elect Sir Mark Moody-Stuart as		For	For		Mgmt
		Director
	3q	Re-elect Gwyn Morgan as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 81

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3r	Re-elect Nagavara Murthy as Director		For	For		Mgmt
	3s	Re-elect Simon Robertson as Director		For	For		Mgmt
	3t	Elect John Thornton as Director		For	For		Mgmt
	3u	Re-elect Sir Brian Williamson as		For	For		Mgmt
		Director
	4	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		and Authorise the Group Audit
		Committee to Determine Their
		Remuneration
	5	Auth. Issuance of Non-Cumulative Pref.		For	For		Mgmt
		Shares with Pre-emptive Rights up to
		Aggregate Nominal Amount of GBP
		100,000, EUR 100,000 and USD
		85,500; and Auth. Issuance of Ord.
		Shares with Pre-emptive Rights up to
		Aggregate Nominal Amount of USD
		1,720,481,200
	6	Subject to the Passing of Resolution 5,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 430,120,300
	7	Authorise 1,720,481,200 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	8	Adopt New Articles of Association		For	For		Mgmt
	9	Approve General Meetings Other Than		For	For		Mgmt
		an Annual General Meetings to be
		Called on 14 Clear Days' Notice
04/23/09 - A	Humana Inc. *HUM*		444859102			02/23/09		2,001
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/14/09 - A	IHS INC. *IHS*		451734107			03/13/09		809
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/08/09 - A	Illinois Tool Works Inc. *ITW*		452308109			03/10/09		1,204
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Submit SERP to Shareholder Vote		Against	For		ShrHoldr
		Non-binding; submit to shareholder vote if additing
		years age/service to SERP.
05/08/09 - A	Illumina, Inc. *ILMN*		452327109			03/16/09		677
	1	Elect Director A. Blaine Bowman		For	For		Mgmt
	2	Elect Director Karin Eastham		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 82

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Elect Director Jay T. Flatley		For	For		Mgmt
	4	Elect Director William H. Rastetter,		For	For		Mgmt
		Ph.D.
	5	Ratify Auditors		For	For		Mgmt
04/27/09 - A	ING Groep NV		N4578E413			03/30/09		2,484
		Annual Meeting
	1	Open Meeting and Receive		None	None		Mgmt
		Announcements
	2a	Receive Report of Management Board		None	None		Mgmt
		(Non-Voting)
	2b	Receive Report of Supervisory Board		None	None		Mgmt
		(Non-Voting)
	2c	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	3a	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	3b	Approve Dividends of EUR 0.74 Per		For	For		Mgmt
		Share
	4	Discuss Remuneration Report		None	None		Mgmt
	5	Discussion on Company's Corporate		None	None		Mgmt
		Governance Structure
	6	Receive Explanation on Company's		None	None		Mgmt
		Corporate Responsibility Performance
	7a	Approve Discharge of Management		For	For		Mgmt
		Board
	7b	Approve Discharge of Supervisory		For	For		Mgmt
		Board
	8a	Elect Jan Hommen to Executive Board		For	For		Mgmt
	8b	Elect Patrick Flynn		For	For		Mgmt
	9a	Reelect Godfried van der Lugt to		For	For		Mgmt
		Supervisory Board
	9b	Elect Tineke Bahlmann to Supervisory		For	For		Mgmt
		Board
	9c	Elect Jeroen van der Veer to		For	For		Mgmt
		Supervisory Board
	9d	Elect Lodewijk de Waal to Supervisory		For	For		Mgmt
		Board
	10	Grant Board Authority to Issue Shares		For	For		Mgmt
		and Restricting/Excluding Preemptive
		Rights
	11	Authorize Repurchase of Shares		For	For		Mgmt
	12	Any Other Businesss and Close		None	None		Mgmt
		Meeting
06/03/09 - A	Ingersoll-Rand PLC *IR*		G4776G101			04/06/09		2,998
	1a	Elect A.C. Berzin as Director		For	For		Mgmt
	1b	Elect J. L. Cohon as Director		For	For		Mgmt
	1c	Elect G. D. Forsee as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 83

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1d	Elect P. C. Godsoe as Director		For	For		Mgmt
	1e	Elect E. E. Hagenlocker as Director		For	For		Mgmt
	1f	Elect H.L. Henkel as Director		For	For		Mgmt
	1g	Elect C. J. Horner as Director		For	For		Mgmt
	1h	Elect T. E. Martin as Director		For	For		Mgmt
	1i	Elect P. Nachtigal as Director		For	For		Mgmt
	1j	Elect O. R. Smith as Director		For	For		Mgmt
	1k	Elect R. J. Swift as Director		For	For		Mgmt
	1l	Elect T. L. White as Director		For	For		Mgmt
	2	Approve an Advisory Proposal Relating		For	For		Mgmt
		to Executive Pay-For-Performance
		Compensation Policies and Procedures
	3	Increase Number of Shares Reserved		For	For		Mgmt
		Under 2007 Incentive Stock Plan
	4	Approve PricewaterhouseCoopers LLP		For	For		Mgmt
		as independent auditors of the
		company and authorize Board to Fix
		Their Remuneration
06/03/09 - C	Ingersoll-Rand PLC *IR*		G4776G101			04/06/09		2,998
	1	Approve Scheme of Arrangement		For	For		Mgmt
	2	Approve the Creation of Distributable		For	For		Mgmt
		Reserves of Ingersoll-Rand Company
		Limited
	3	Adjourn Meeting		For	For		Mgmt
04/22/09 - A	Insituform Technologies, Inc. 457667103					02/27/09		1,859
	*INSU*
	1	Elect Director J. Joseph Burgess		For	For		Mgmt
	2	Elect Director Stephen P. Cortinovis		For	For		Mgmt
	3	Elect Director Stephanie A. Cuskley		For	For		Mgmt
	4	Elect Director John P. Dubinsky		For	For		Mgmt
	5	Elect Director Juanita H. Hinshaw		For	For		Mgmt
	6	Elect Director Alfred L. Woods		For	For		Mgmt
	7	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 8.63% is within allowable cap of
		8.63%.
	8	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 84

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/30/09 - A	Insulet Corp *PODD*		45784P101			03/20/09		1,670
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Ross Jaffe --- Withhold
		Failure to submit poison pill to shareholder vote.
	1.2	Elect Director Charles Liamos ---
		Withhold
		Failure to submit poison pill to shareholder vote.
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	Intel Corporation *INTC*		458140100			03/23/09		12,171
	1	Elect Director Charlene Barshefsky		For	For		Mgmt
	2	Elect Director Susan L. Decker		For	For		Mgmt
	3	Elect Director John J. Donahoe		For	For		Mgmt
	4	Elect Director Reed E. Hundt		For	For		Mgmt
	5	Elect Director Paul S. Otellini		For	For		Mgmt
	6	Elect Director James D. Plummer		For	For		Mgmt
	7	Elect Director David S. Pottruck		For	For		Mgmt
	8	Elect Director Jane E. Shaw		For	For		Mgmt
	9	Elect Director John L. Thornton		For	For		Mgmt
	10	Elect Director Frank D. Yeary		For	For		Mgmt
	11	Elect Director David B. Yoffie		For	For		Mgmt
	12	Ratify Auditors		For	For		Mgmt
	13	Amend Omnibus Stock Plan		For	For		Mgmt
	14	Approve Stock Option Exchange		For	For		Mgmt
		Program
		Value-for-value, excludes executives and directors,
		reducines 15.3% overhand, no accounting expense
		impact, no recycling of surrendered options, incresed
		share alloation is within cap.
	15	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	16	Provide for Cumulative Voting		Against	Against		ShrHoldr
	17	Adopt Policy on Human Rights to Water		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/21/09 - A	Interactive Brokers Group		45841N107			02/24/09		77
	Inc. *IBKR*
	1	Elect Director Thomas Peterffy		For	For		Mgmt
	2	Elect Director Earl H. Nemser		For	For		Mgmt
	3	Elect Director Paul J. Brody		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 85

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Elect Director Milan Galik		For	For		Mgmt
	5	Elect Director Lawrence E. Harris		For	For		Mgmt
	6	Elect Director Hans R. Stoll		For	For		Mgmt
	7	Elect Director Ivers W. Riley		For	For		Mgmt
	8	Ratify Auditors		For	For		Mgmt
05/18/09 - A	International Bancshares		459044103			04/01/09		931
	Corp. *IBOC*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnece or poor pay practices.
04/28/09 - A	International Business		459200101			02/27/09		2,796
	Machines Corp. *IBM*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director A. J. P. Belda --- For
	1.2	Elect Director C. Black --- For
	1.3	Elect Director W. R. Brody --- For
	1.4	Elect Director K. I. Chenault --- For
	1.5	Elect Director M. L. Eskew --- For
	1.6	Elect Director S. A. Jackson --- Against
		Sits on six public company boards and multiple large
		private institutional boards.
	1.7	Elect Director T. Nishimuro --- For
	1.8	Elect Director J. W. Owens --- For
	1.9	Elect Director S. J. Palmisano --- For
	1.10	Elect Director J. E. Spero --- For
	1.11	Elect Director S. Taurel --- For
	1.12	Elect Director L. H. Zambrano --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Provide for Cumulative Voting		Against	Against		ShrHoldr
	5	Review Executive Compensation		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 86

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Excludes defined benefit pension plan income from
		senior-executive compensation.
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior proposals supported by PPC.
04/30/09 -	Intesa SanPaolo SPA		T55067101			04/24/09		11,409
A/S
		Ordinary Business
	1	Approve Allocation of Income		For	For		Mgmt
	2	Integrate Remuneration of External		For	For		Mgmt
		Auditors
		Special Business
	1	Amend Company Bylaws to Comply		For	For		Mgmt
		with Bank of Italy's Regulation
06/18/09 - A	Inverness Medical		46126P106			04/27/09		1,155
	Innovations Inc *IMA*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 8.02% is within allowable cap of
		11.28%.
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
		All employees who work more than 20 hours a week
		and have been employed for at least three months
		can purchase shares at 85% of F.M.V.
	4	Ratify Auditors		For	For		Mgmt
05/20/09 - A	ITC Holdings Corp *ITC*		465685105			04/06/09		696
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/05/09 - A	Itron, Inc. *ITRI*		465741106			02/27/09		472
	1	Elect Director Michael B. Bracy		For	For		Mgmt
	2	Elect Director Kirby A. Dyess		For	For		Mgmt
	3	Elect Director Graham M. Wilson		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
05/28/09 - A	IXIA *XXIA*		45071R109			04/03/09		4,748
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 19.95% exceeds allowable cap of
Mgmt Rec - Company Management Recommended Vote								Page 87

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		15.89%.
	3	Ratify Auditors		For	For		Mgmt
06/04/09 - A	J.Crew Group, Inc. *JCG*		46612H402			04/07/09		889
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Johnson & Johnson *JNJ*		478160104			02/24/09		5,742
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consisent with prior proposals supported by PPC.
05/19/09 - A	JPMorgan Chase & Co.		46625H100			03/20/09		6,989
	*JPM*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	4	Disclose Prior Government Service		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	5	Provide for Cumulative Voting		Against	Against		ShrHoldr
	6	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholder currently hhave right to call special
		meeting (33.3%).
	7	Report on Predatory Lending Policies		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	8	Amend Key Executive Performance		Against	Against		ShrHoldr
		Plan
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	9	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Management responded meaningfully; not
		appropriate method to establish comprehensive
Mgmt Rec - Company Management Recommended Vote								Page 88

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	10	Prepare Carbon Principles Report		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
05/13/09 - A	Knight Capital Group, Inc.		499005106			04/01/09		1,831
	*NITE*
	1	Elect Director William L. Bolster		For	For		Mgmt
	2	Elect Director Gary R. Griffith		For	For		Mgmt
	3	Elect Director Thomas M. Joyce		For	For		Mgmt
	4	Elect Director James W. Lewis		For	For		Mgmt
	5	Elect Director Thomas C. Lockburner		For	For		Mgmt
	6	Elect Director James T. Milde		For	For		Mgmt
	7	Elect Director Christopher C. Quick		For	For		Mgmt
	8	Elect Director Laurie M. Shahon		For	For		Mgmt
	9	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
		All named executive officers will receive cash and/or
		stock, including but not limited to unrestricted shares
		of common stock, restricted shares, or RSUs.
	10	Ratify Auditors		For	For		Mgmt
06/24/09 - A	Komatsu Ltd. *6301*		J35759125			03/31/09		1,200
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 18
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Indemnify
		Directors and Statutory Auditors
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Statutory Auditor		For	For		Mgmt
	4.2	Appoint Statutory Auditor		For	Against		Mgmt
		Given that he receives income under a current
		contract with the statutory auditor board, Matsuo
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	5	Approve Annual Bonus Payment to		For	For		Mgmt
		Directors
	6	Approve Stock Option Plan		For	For		Mgmt
04/07/09 - A	Koninklijke KPN N.V.		N4297B146			03/16/09		2,279
		Annual Meeting
	1	Open Meeting and Announcements		None	None		Mgmt
	2	Receive Report of Management Board		None	None		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 89

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		(Non-Voting)
	3	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	4	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	5	Approve Dividends of EUR 0.40 Per		For	For		Mgmt
		Share
	6	Approve Discharge of Management		For	For		Mgmt
		Board
	7	Approve Discharge of Supervisory		For	Against		Mgmt
		Board
		Given the supervisory board's decision not to submit
		several material changes in the compensation to a
		shareholder vote, which violates best practice
		standards in the Netherlands, a vote against the
		discharge of the supervisory board is appropriate.
	8	Ratify PricewaterhouseCoopers		For	For		Mgmt
		Accountants as Auditors
	9	Opportunity to Nominate Supervisory		None	None		Mgmt
		Board Members
	10	Elect A.H.J. Risseeuw to Supervisory		For	For		Mgmt
		Board
	11	Elect M.E. van Lier Lels to Supervisory		For	For		Mgmt
		Board
	12	Elect R.J. Routs to Supervisory Board		For	For		Mgmt
	13	Elect D.J. Haank to Supervisory Board		For	For		Mgmt
	14	Announce Vacancies on Supervisory		None	None		Mgmt
		Board Arising in 2010
	15	Authorize Repurchase of Shares		For	For		Mgmt
	16	Approve Reduction in Issued Share		For	For		Mgmt
		Capital by Cancellation of Shares
	17	Allow Questions and Close Meeting		None	None		Mgmt
05/20/09 - A	Kraft Foods Inc *KFT*		50075N104			03/12/09		3,308
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Currently have shareholder with to call special
		meeting (20%).
05/07/09 -	L air Liquide		F01764103			05/04/09		335
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 90

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 2.25 per Share
	4	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	5	Reelect Thierry Desmarest as Director		For	Against		Mgmt
		As a result of Thierry Desmarest's executive function
		with Total and his excessive number of other
		directorships, his reelection does not merit support.
	6	Reelect Alain Joly as Director		For	For		Mgmt
	7	Reelect Thierry Peugeot as Director		For	For		Mgmt
	8	Approve Transaction with BNP Paribas		For	For		Mgmt
	9	Approve Transaction with Benoit Potier		For	Against		Mgmt
		As the conditions attached to this transaction are not
		sufficiently stringent, and as the beneficiary could
		receive more than twice the last remuneration paid,
		this resolution does not merit support.
	10	Approve Transaction with Klaus		For	Against		Mgmt
		Schmieder
		As the conditions attached are not sufficiently
		stringent, this resolution does not merit support.
	11	Approve Transaction with Pierre Dufour		For	Against		Mgmt
		As the conditions attached are not sufficiently
		stringent, this resolution does not merit support.
		Special Business
	12	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	13	Authorize Board to Issue Free Warrants		For	Against		Mgmt
		with Preemptive Rights During a Public
		Tender Offer or Share Exchange
		The maximum capital increase (50 percent of issued
		capital) exceeds the threshold of 25 percent and the
		company did not provide a shareholder-friendly
		provision that automatically cancels issued warrants
		when the shareholders have tendered the majority of
		the shares composing the company share capital
		neither the company commits to calling an EGM
		allowing shareholders to vote on a potential takeover
		(a majority of shareholders can rescind the
		authorization). As antitakeover mechanisms limit
		shareholder value by eliminating the takeover or
		control premium for the company; shareholders
		should be given the opportunity to decide on the
		merits of takeover offers. Therefore, this item
		does not merit approval.
	14	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
Mgmt Rec - Company Management Recommended Vote								Page 91

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Amount of EUR 350 Million
	15	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	16	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	17	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for International Employees
		Ordinary Business
	18	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/19/09 - A	LaBranche & Co Inc. *LAB*		505447102			03/20/09		3,538
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/10/09 - A	Las Vegas Sands Corp *LVS*		517834107			04/13/09		1,245
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Prepare Sustainability Report		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
05/21/09 - A	Lear Corporation *LEARQ*		521865105			03/27/09		705
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director David E. Fry --- Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision); failure to act on majority supported
		shareholder proposal (reduce supermajority vote
		requirements).
	1.2	Elect Director Conrad L. Mallett, Jr. ---
		Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision); failure to act on majority supported
		shareholder proposal (reduce supermajority vote
		requirements).
	1.3	Elect Director Robert E. Rossiter ---
		Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision); failure to act on majority supported
		shareholder proposal (reduce supermajority vote
Mgmt Rec - Company Management Recommended Vote								Page 92

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		requirements).
	1.4	Elect Director David P. Spalding ---
		Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision); failure to act on majority supported
		shareholder proposal (reduce supermajority vote
		requirements).
	1.5	Elect Director James A. Stern ---
		Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision); failure to act on majority supported
		shareholder proposal (reduce supermajority vote
		requirements).
	1.6	Elect Director Henry D.G. Wallace ---
		Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision); failure to act on majority supported
		shareholder proposal (reduce supermajority vote
		requirements).
	2	Ratify Auditors		For	For		Mgmt
	3	Adopt ILO Based Code of Conduct		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	4	Adopt Policy for Engagement With		Against	Against		ShrHoldr
		Proponents of Shareholder Proposals
		Supported by a Majority Vote
		Company can accomplish without this proposal; no
		evidence proposal as worded will achieve goals or
		improve shareholder returns.
04/23/09 - A	Life Time Fitness, Inc. *LTM*		53217R207			02/26/09		201
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Increase Authorized Common Stock		For	For		Mgmt
		Passes Mellon calculations.
	4	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 9.82% exceeds allowable cap of
		9.64%.
05/11/09 - A	LKQ Corp. *LKQX*		501889208			03/13/09		1,762
	1	Elect Director A. Clinton Allen		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 93

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Elect Director Robert M. Devlin		For	For		Mgmt
	3	Elect Director Donald F. Flynn		For	For		Mgmt
	4	Elect Director Kevin F. Flynn		For	For		Mgmt
	5	Elect Director Ronald G. Foster		For	For		Mgmt
	6	Elect Director Joseph M. Holsten		For	For		Mgmt
	7	Elect Director Paul M. Meister		For	For		Mgmt
	8	Elect Director John F. O'Brien		For	For		Mgmt
	9	Elect Director William M. Webster, IV		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
06/05/09 - A	Lloyds Banking Group plc G5542W106					None		8,769
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3(a)	Elect Carolyn McCall as Director		For	For		Mgmt
	3(b)	Elect Timothy Ryan Jr as Director		For	For		Mgmt
	3(c)	Elect Martin Scicluna as Director		For	For		Mgmt
	3(d)	Elect Tim Tookey as Director		For	For		Mgmt
	3(e)	Elect Anthony Watson as Director		For	For		Mgmt
	4(a)	Re-elect Sir Victor Blank as Director		For	Abstain		Mgmt
		Vote Recommendation In light of the
		Company’s current financial situation, the
		levels of Government assistance required
		subsequent to the HBOS acquisition and the latest
		revelations regarding the true levels of impairment
		associated with the HBOS loan book, the concerns
		raised regarding the degree of oversight and rigour
		the Board exercised in the assessment of the risks
		associated with the HBOS transaction create
		sufficient doubt over the re-election of Sir Victor
		Blank who, as Chairman of the Board, is ultimately
		responsible for the conduct and processes of the
		Board. Given Sir Victor Blank’s
		intention to step down by the 2010 AGM and the
		need for consistency during the search for a suitable
		successor, it is not considered appropriate to
		recommend a vote against his re-election outright.
		Therefore shareholders are recommended to abstain
		on his re-election. For those shareholders who
		have a fiduciary responsibility to vote either in favour
		or against and who do not recognise an abstention
		as valid option, shareholders are recommended that
		they vote against this resolution.
	4(b)	Re-elect Archie Kane as Director		For	For		Mgmt
	4(c)	Re-elect Lord Leitch as Director		For	For		Mgmt
	5	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	6	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	7	Increase Authorised Share Capital from		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 94

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		GBP 5,675,477,055, EUR 40,000,000,
		USD 40,000,000 and JPY
		1,250,000,000 to GBP 7,043,396,347,
		EUR 40,000,000, USD 40,000,000 and
		JPY 1,250,000,000
	8	Issue of Equity with Rights Under a		For	For		Mgmt
		General Authority up to GBP
		1,368,679,269 in Ord. Shares and GBP
		52,035,254, USD 38,875,000, EUR
		39,875,000 and JPY 1,250,000,000 in
		Preference Shares and an Additional
		Amount up to GBP 1,368,679,269
		(Rights Issue)
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 205,301,890
	10	Authorise 1,642,415,123 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	11	Renew and Extend Company's Auth. to		For	For		Mgmt
		Make Market Purchases of GBP 1B
		Issued by Company to HM Treasury
		and GBP 3B Issued by HBOS plc to
		HM Treasury Fixed to Floating Callable
		Non-Cumulative Preference Shares;
		Auth. 4M Preference Shares for Market
		Purchase
	12	Amend Art. of Assoc. by Deleting All		For	For		Mgmt
		the Provisions of the Company's
		Memorandum of Association which, by
		Virtue of Section 28 of the Company's
		Act 2006, are to be Treated as Part of
		the Articles of Association of the
		Company; Adopt New Art. of Assoc.
	13	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
	14	Auth. Company and Subsidiaries to		For	For		Mgmt
		Make EU Political Donations to Political
		Parties or Independent Election
		Candidates up to GBP 100,000, to
		Political Org. Other Than Political
		Parties up to GBP 100,000 and Incur
		EU Political Expenditure up to GBP
		100,000
06/05/09 - S	Lloyds Banking Group plc		G5542W106			None		8,769
	1	Increase Cap.to GBP 9B,EUR		For	For		Mgmt
		40M,USD 40M and JPY 1B(If
		Resolution 7 in Notice of AGM is
Mgmt Rec - Company Management Recommended Vote								Page 95

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Passed)or to GBP 8B,USD 40M,EUR
		40M and JPY 1B(If Resolution 7 in
		Notice of AGM is Not Passed);Issue
		Equity with Rights up to GBP
		2B(Placing and Compensatory Open
		Offer)
	2	Increase Cap.by 7B Ord.Shares(If		For	For		Mgmt
		Resolution 7 (AGM) is Passed)or by
		13B Ord. Shares(If Resolution 7 is Not
		Passed);Issue Equity with Rights up to
		GBP 2B(Ord. Shares)and GBP
		52M,USD 38M,EUR 39M and JPY
		1B(Pref. Shares)and up to Further GBP
		2B(Rights Issue)
	3	Approve the Placing and		For	For		Mgmt
		Compensatory Open Offer and the
		HMT Preference Share Redemption
		Being a Related Party Transaction for
		the Purposes of the Listing Rules of the
		United Kingdom Listing Authority
	4	Approve Waiver on Tender-Bid		For	For		Mgmt
		Requirement
	5	Authorise Issue of Equity without Pre-		For	For		Mgmt
		emptive Rights up to Aggregate
		Nominal Amount of GBP 2,602,133,750
		Pursuant to the Placing and
		Compensatory Open Offer
	6	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 340,507,871
05/14/09 -	LVMH Moet Hennessy Louis		F58485115			05/11/09		323
A/S	Vuitton
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Auditors' Special Report		For	Against		Mgmt
		Regarding Related-Party Transactions
		At the date of the analysis (20 days before the
		general meeting), as the company had failed to
		provide adequate rationale and sufficient justification
		on a number of transactions that appear to be
		unrelated to operations and/or not in shareholders'
		best interests (especially with regard to the
		agreement concerning the acquisition of an art
		piece), this resolution does not warrant support.
	4	Approve Allocation of Income and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 96

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Dividends of EUR 1.60 per Share
	5	Reelect Antoine Arnault as Director		For	Against		Mgmt
		For this market, if the proposed board does not
		consist of one-third of independent directors, the
		election or reelection of any non-independent director
		(except the CEO) is not warranted. At LVMH,
		although the board will likely consist of one additional
		independent member after the general meeting if all
		the elections proposed at the meeting are approved,
		only 22.22 percent of the board of directors would be
		independent. Moreover, two of the nominees
		proposed for reelection, Antoine Bernheim and Albert
		Frere, are non-executive directors and hold more
		than five directorship positions in listed companies
		outside the group. Therefore, the proposal to
		reelect executive directors Antoine Arnault and Pierre
		Gode, and non-independent non-executive directors
		Antoine Bernheim, Albert Frere, and Lord Powell of
		Bayswater (Items 5 - 9) do not merit support.
		However, the election of the new independent
		nominee, Yves-Thibault de Silguy (Item 10), merits
		support.
	6	Reelect Antoine Bernheim as Director		For	Against		Mgmt
	7	Reelect Albert Frere as Director		For	Against		Mgmt
	8	Reelect Pierre Gode as Director		For	Against		Mgmt
	9	Reelect Lord Powell of Bayswater as		For	Against		Mgmt
		Director
	10	Elect Yves-Thilbaut de Silguy as		For	For		Mgmt
		Director
	11	Authorize Repurchase of up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	12	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	13	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 50 Million
		Item 13: The potential capital increase with
		preemptive rights, representing 34.02 percent of
		issued share capital, is deemed acceptable for
		issuances with preemptive rights. Therefore, this item
		merits support. Item 14: The proposed capital
		increases without preemptive rights and without
		binding priority, representing 34.02 percent of issued
		share capital, is excessive for general requests to
		issue capital without preemptive. Therefore, this item
		does not merit support. Item 15: While the
		amount requested would not exceed the 50 percent
		limit for issuances with preemptive rights under item
		13, it exceeds the 20 percent limit for issuances that
Mgmt Rec - Company Management Recommended Vote								Page 97

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		do not respect preemptive rights under Item 14.
		Therefore, the additional potential capital increases
		are deemed excessive. Therefore, this item does not
		merit support. Item 16: The maximum nominal
		amount of shares could be issued represents 34.02
		percent of issued capital. Based on the high level of
		dilution for general capital issuances requests that do
		not recognize preemptive rights, this resolution
		cannot be approved. Therefore, this item does not
		merit support. Item 17: The capital increase (up
		to 10 percent) without preemptive rights is
		considered to be acceptable. Therefore, this item
		merits support.
	14	Authorize Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 50 Million, with the
		Possibility Not to Offer them to the
		Public for an Amount Representing 20
		Percent per Year
	15	Authorize Board to Increase Capital in		For	Against		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholders Votes under Items 13
		and 14 Above
	16	Authorize Capital Increase of Up to		For	Against		Mgmt
		EUR 50 Million for Future Exchange
		Offers
	17	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	18	Authorize up to 3 Percent of Issued		For	Against		Mgmt
		Capital for Use in Stock Option Plan
		The amount of shares that could be issued or
		reissued pursuant to this authorization is EUR 4.41
		million, representing 3 percent of the current share
		capital. This issuance request would increase the
		total number of shares reserved for the company's
		stock-based plans, taking into account all current
		outstanding share-based plans from 3.55 percent to
		6.49 percent of fully diluted shares Given the
		volume in excess of recommended guidelines (5
		percent), this proposal does not merit support.
	19	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	20	Amend Articles 11 and 23 of Bylaws		For	For		Mgmt
		Re: Shareholding Requirements for
		Directors and Double Voting Rights
Mgmt Rec - Company Management Recommended Vote								Page 98

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/19/09 - A	Magellan Health Services,		559079207			03/31/09		797
	Inc. *MGLN*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Ren Lerer --- Withhold
	1.2	Elect Director Nancy L. Johnson ---
		Withhold
	1.3	Elect Director Eran Broshy --- For
	2	Ratify Auditors		For	For		Mgmt
04/28/09 - A	Manpower Inc. *MAN*		56418H100			02/17/09		947
	1	Elect Directors		For	For		Mgmt
	2	Elect Director Roberto Mendoza		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Amend Omnibus Stock Plan		For	For		Mgmt
	5	Implement MacBride Principles		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will in enhance shareholder value beyond what
		management can already be expected to do.
	6	Other Business		For	Against		Mgmt
05/11/09 - A	Mariner Energy, Inc. *ME*		56845T305			03/17/09		1,321
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Bernard Aronson ---
		Withhold
		Board member when poison pill was adopted without
		shareholder vote (no qualified offer clause or sunset
		provision).
	1.2	Elect Director H. Clayton Peterson ---
		Withhold
		Board member when poison pill was adopted without
		shareholder vote (no qualified offer clause or sunset
		provision).
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
05/05/09 - A	Marvel Entertainment, Inc.		57383T103			03/09/09		1,111
	*MVL*
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director James W. Breyer ---
		Withhold
		Board member during period of poor pay practices;
		no comp member standing (classified board).
	1.2	Elect Director Laurence N. Charney ---
		Withhold
Mgmt Rec - Company Management Recommended Vote								Page 99

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board member during period of poor pay practices;
		no comp member standing (classified board).
	1.3	Elect Director Richard L. Solar ---
		Withhold
		Board member during period of poor pay practices;
		no comp member standing (classified board).
	2	Ratify Auditors		For	For		Mgmt
06/16/09 - A	Masimo Corp. *MASI*		574795100			04/24/09		773
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/09/09 - A	MasterCard Incorporated		57636Q104			04/13/09		282
	*MA*
	1	Elect Directors		For	For		Mgmt
	2	Amend Certificate of Incorporation to		For	For		Mgmt
		Increase Size of Board and Amend
		Director Qualifications
		Change from 12 to 15 to provide greater flexibility
		and broader representation in business sectors.
	3	Ratify Auditors		For	For		Mgmt
05/27/09 - A	McDonald's Corp. *MCD*		580135101			03/30/09		2,357
	1	Elect Director Robert A. Eckert		For	For		Mgmt
	2	Elect Director Enrique Hernandez, Jr.		For	For		Mgmt
	3	Elect Director Jeanne P. Jackson		For	For		Mgmt
	4	Elect Director Andrew J. McKenna		For	For		Mgmt
	5	Ratify Auditors		For	For		Mgmt
	6	Amend Omnibus Stock Plan		For	For		Mgmt
	7	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	8	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
	9	Phase out Sales of Eggs from Battery		Against	Against		ShrHoldr
		Cage Hens
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
Mgmt Rec - Company Management Recommended Vote								Page 100

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/21/09 - A	MEMC Electronic Materials,		552715104			02/26/09		2,846
	Inc. *WFR*
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Robert J. Boehlke --- For
	1.2	Elect Director C. Douglas Marsh --- For
	1.3	Elect Director Michael McNamara ---
		For
	2	Ratify Auditors		For	For		Mgmt
04/28/09 - A	Merck & Co., Inc. *MRK*		589331107			02/27/09		4,704
	1	Elect Director Leslie A. Brun		For	For		Mgmt
	2	Elect Director Thomas R. Cech		For	For		Mgmt
	3	Elect Director Richard T. Clark		For	For		Mgmt
	4	Elect Director Thomas H. Glocer		For	For		Mgmt
	5	Elect Director Steven F. Goldstone		For	For		Mgmt
	6	Elect Director William B. Harrison, Jr.		For	For		Mgmt
	7	Elect Director Harry R. Jacobson		For	For		Mgmt
	8	Elect Director William N. Kelley		For	For		Mgmt
	9	Elect Director Rochelle B. Lazarus		For	For		Mgmt
	10	Elect Director Carlos E. Represas		For	For		Mgmt
	11	Elect Director Thomas E. Shenk		For	For		Mgmt
	12	Elect Director Anne M. Tatlock		For	For		Mgmt
	13	Elect Director Samuel O. Thier		For	For		Mgmt
	14	Elect Director Wendell P. Weeks		For	For		Mgmt
	15	Elect Director Peter C. Wendell		For	For		Mgmt
	16	Ratify Auditors		For	For		Mgmt
	17	Fix Number of Directors		For	For		Mgmt
		Increase from 14 to 18; does not appear to be
		motivated by entrenchment.
	18	Amend Bylaws-- Call Special Meetings		Against	For		ShrHoldr
		Share holder do not currently have right to act by
		written consent or to call special meeting.
	19	Require Independent Lead Director		Against	Against		ShrHoldr
		Lead director already in place.
	20	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with proposals previouly supported by
		PPC.
05/20/09 - A	Minerals Technologies, Inc.		603158106			03/24/09		37
	*MTX*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 101

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 9.03% is within allowable cap of
		9.19%.
06/24/09 - A	Mitsubishi Corp. *8058*		J43830116			03/31/09		1,707
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 16
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Amend Business
		Lines
	3	Elect Directors		For	For		Mgmt
	4	Approve Annual Bonus Payment to		For	For		Mgmt
		Directors
	5	Approve Deep Discount Stock Option		For	For		Mgmt
		Plan
		Given these restrictions, and the extremely modest
		dilution from these grants, we do not oppose this
		resolution.
	6	Set Amounts for Retirement Bonus		For	For		Mgmt
		Reserve Funds for Directors
06/26/09 - A	Mitsubishi UFJ Financial		J44497105			03/31/09		10,820
	Group *8306*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 5 for Ordinary
		Shares
	2	Amend Articles To Amend Provisions		For	For		Mgmt
		on Preferred Shares to Reflect
		Cancellation - Reflect Digitalization of
		Share Certificates - Authorize Public
		Announcements in Electronic Format
	3	Elect Directors		For	Split		Mgmt
	3.1	Elect Director --- For
		Because of their poor attendance record at board
		meetings, nominees 15 and 17 cannot be expected
		to fulfill the role of overseeing management
		effectively in the interests of shareholders.
		Shareholders are advised to vote against these
		nominees, but for all other director candidates.
	3.2	Elect Director --- For
	3.3	Elect Director --- For
	3.4	Elect Director --- For
	3.5	Elect Director --- For
	3.6	Elect Director --- For
	3.7	Elect Director --- For
	3.8	Elect Director --- For
Mgmt Rec - Company Management Recommended Vote								Page 102

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3.9	Elect Director --- For
	3.10	Elect Director --- For
	3.11	Elect Director --- For
	3.12	Elect Director --- For
	3.13	Elect Director --- For
	3.14	Elect Director --- For
	3.15	Elect Director --- Against
	3.16	Elect Director --- For
	3.17	Elect Director --- Against
	4.1	Appoint Statutory Auditor		For	For		Mgmt
	4.2	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	4.3	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders. In addition, the nominee has an
		attendance problem. Therefore, the reappointment
		warrants a vote against.
	4.4	Appoint Statutory Auditor		For	For		Mgmt
06/23/09 - A	Mitsui & Co. *8031*		J44690139			03/31/09		2,000
	1	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Amend Business
		Lines
	2	Elect Directors		For	For		Mgmt
	3	Appoint Statutory Auditor		For	For		Mgmt
06/25/09 - A	MIZUHO FINANCIAL GROUP		J4599L102			03/31/09		12,000
	INC. *8411*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 10 for Ordinary
		Shares
	2	Amend Articles To Decrease		For	For		Mgmt
		Authorized Capital to Reflect
		Cancellation - Reflect Digitalization of
		Share Certificates
Mgmt Rec - Company Management Recommended Vote								Page 103

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Elect Directors		For	For		Mgmt
	4	Appoint Statutory Auditor		For	For		Mgmt
05/04/09 - A	Motorola, Inc. *MOT*		620076109			03/09/09		5,468
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director G. Brown --- For
	1.2	Elect Director D. Dorman --- For
	1.3	Elect Director W. Hambrecht --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.4	Elect Director S. Jha --- For
	1.5	Elect Director J. Lewent --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.6	Elect Director K. Meister --- For
	1.7	Elect Director T. Meredith --- For
	1.8	Elect Director S. Scott III --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.9	Elect Director R. Sommer --- For
	1.10	Elect Director J. Stengel --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.11	Elect Director A. Vinciquerra --- For
	1.12	Elect Director D. Warner III --- For
	1.13	Elect Director J. White --- For
	2	Adjust Par Value of Common Stock		For	For		Mgmt
		Routine financing matter.
	3	Approve Repricing of Options		For	For		Mgmt
		ISS recommends FOR repricing proposal that is
		value-for-value and excludes executives and non-
		employee directors. Exercise price will be $12 or
		higher if 52 wk close is higher. 57% of outstanding
		options are eligible. Surrendered options will be
		available for re-issue in future grants; "modest"
		additional accounting expense will be incurred.
		Existing plan into which surrendered options will be
		recycles passes SVT and prohibits repricing without
		shareholder approval.
	4	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	5	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Pay/performance disconnect and multiple "pay-for-
Mgmt Rec - Company Management Recommended Vote								Page 104

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		failure" risks per ISS. One of the co-CEOs in place
		(due to pending spin-off) is highest paid CEO in
		country per NYT. NEO personal use of corp aircraft
		significantly above norms (tax gross-ups included for
		some). CEO change-in-control severance 3 times
		base plus annual bonus and tax gross-ups ($21.2 mil
		in tax for one CEO alone).
	6	Ratify Auditors		For	For		Mgmt
	7	Provide for Cumulative Voting		Against	Against		ShrHoldr
	8	Amend Bylaws-- Call Special Meetings		Against	For		ShrHoldr
		Currently no right to act by written consent or call
		special meeting.
	9	Amend Human Rights Policies		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance or that proposal will improve
		shareholder returns.
05/20/09 - A	Nash Finch Co. *NAFC*		631158102			04/01/09		889
	1	Elect Directors		For	For		Mgmt
	2	Provide that Directors May be		For	For		Mgmt
		Removed, With or Without Cause, by a
		Majority Vote
		Improves shareholder rights.
	3	Eliminate the Advance Notice		For	For		Mgmt
		Procedure for Director Nominations
		Changes notice requirement from 10-60 days to 60-
		90 days.
	4	Approve Omnibus Stock Plan		For	Against		Mgmt
	5	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	6	Ratify Auditors		For	For		Mgmt
	7	Other Business		For	Against		Mgmt
06/02/09 - A	National Bank of Greece SA		633643408			05/14/09		6,269
		Meeting for ADR Holders
	1	Accept Statutory Reports		For	For		Mgmt
	2	Accept Financial Statements		For	For		Mgmt
	3	Approve Discharge of Board and		For	For		Mgmt
		Auditors
	4	Approve Director Remuneration		For	For		Mgmt
	5	Authorize Board to Participate in		For	For		Mgmt
		Companies with Similiar Business
		Interests
	6	Ratify Director Appointments		For	For		Mgmt
	7	Approve Auditors and Fix Their		For	For		Mgmt
		Remuneration
Mgmt Rec - Company Management Recommended Vote								Page 105

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Other Business		For	Against		Mgmt
05/19/09 - A	National Presto Industries,		637215104			03/19/09		486
	Inc. *NPK*
	1	Elect Directors		For	For		Mgmt
05/15/09 - A	National Retail Properties,		637417106			03/17/09		430
	Inc. *NNN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Other Business		For	Against		Mgmt
05/05/09 - A	Nationwide Health		638620104			03/06/09		1,190
	Properties, Inc. *NHP*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/28/09 - A	Netflix. Inc *NFLX*		64110L106			03/31/09		836
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/11/09 - A	NextWave Wireless Inc.		65337Y102			04/22/09		9,654
	*WAVE*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Nicor Inc. *GAS*		654086107			02/24/09		836
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/26/09 - A	Nintendo Co. Ltd. *7974*		J51699106			03/31/09		76
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JPY 780
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
06/24/09 - A	Nippon Steel Corp. *5401*		J55999122			03/31/09		7,052
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 1
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	Split		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 106

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3.1	Elect Director --- Against
		Because Chairman Mimura and President Muneoka
		(candidates 1 and 2) bear the greatest share of
		responsibility for the company's continued failure to
		put its poison pill to a vote and its continued failure to
		appoint outsiders to the board, as well as the
		defensive cross-shareholdings that have proven so
		costly to the company, shareholders are advised to
		oppose their reelection to the board.
	3.2	Elect Director --- Against
	3.3	Elect Director --- For
	3.4	Elect Director --- For
	3.5	Elect Director --- For
	3.6	Elect Director --- For
	3.7	Elect Director --- For
	3.8	Elect Director --- For
	3.9	Elect Director --- For
	3.10	Elect Director --- For
	4.1	Appoint Statutory Auditor		For	For		Mgmt
	4.2	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders. In addition, the nominee has an
		attendance problem. Therefore, the reappointment
		warrants a vote against.
	4.3	Appoint Statutory Auditor		For	For		Mgmt
04/23/09 - A	Nokia Corp.		X61873133			04/09/09		4,262
	1	Open Meeting		None	None		Mgmt
	2	Calling the Meeting to Order		None	None		Mgmt
	3	Designate Inspector or Shareholder		For	For		Mgmt
		Representative(s) of Minutes of
		Meeting
	4	Acknowledge Proper Convening of		For	For		Mgmt
		Meeting
	5	Prepare and Approve List of		For	For		Mgmt
		Shareholders
	6	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports; Receive Auditor's
		Report; Receive CEO's Review
	7	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	8	Approve Allocation of Income and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 107

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Dividends of EUR 0.40 Per Share
	9	Approve Discharge of Board and		For	For		Mgmt
		President
		Based on the reasoning above, this proposal
		warrants shareholder support.
	10	Approve Remuneration of Directors in		For	For		Mgmt
		the Amount of EUR 440,000 for
		Chairman, EUR 150,000 for Vice
		Chairman, and EUR 130,000 for Other
		Directors; Approve Remuneration for
		Committee Work
	11	Fix Number of Directors at 11		For	For		Mgmt
	12	Reelect Georg Ehrnrooth, Lalita D.		For	For		Mgmt
		Gupte, Bengt Holmstrom, Henning
		Kagermann, Olli-Pekka Kallasvuo, Per
		Karlsson, Jorma Ollila, Marjorie
		Scardino, Risto Siilasmaa, and Keijo
		Suila as Directors; Elect Isabel Marey-
		Semper as New Director
	13	Approve Remuneration of Auditors		For	For		Mgmt
	14	Ratify PricewaterhouseCoopers Oy as		For	For		Mgmt
		Auditors
	15	Authorize Repurchase of up to 360		For	For		Mgmt
		Million Nokia Shares
	16	Close Meeting		None	None		Mgmt
04/21/09 - A	Northern Trust Corp. *NTRS* 665859104					03/02/09		2,105
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Linda Walker Bynoe ---
		For
	1.2	Elect Director Nicholas D. Chabraja ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.3	Elect Director Susan Crown ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.4	Elect Director Dipak C. Jain --- For
	1.5	Elect Director Arthur L. Kelly --- For
	1.6	Elect Director Robert C. McCormack ---
		For
	1.7	Elect Director Edward J. Mooney ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.8	Elect Director William A. Osborn --- For
Mgmt Rec - Company Management Recommended Vote								Page 108

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.9	Elect Director John W. Rowe --- For
	1.10	Elect Director Harold B. Smith --- For
	1.11	Elect Director William D. Smithburg ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.12	Elect Director Enrique J. Sosa --- For
	1.13	Elect Director Charles A. Tribbett III ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.14	Elect Director Frederick H. Waddell ---
		For
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		NEO CIC with tax-gross-ups, overly liberal definition
		of CIC.
05/01/09 - A	Occidental Petroleum Corp.		674599105			03/11/09		2,034
	*OXY*
	1	Elect Directors		For	Against		Mgmt
	1.1	Elect Director Spencer Abraham ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.2	Elect Director Ronald W. Burkle ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.3	Elect Director John S. Chalsty ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.4	Elect Director Edward P. Djerejian ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
Mgmt Rec - Company Management Recommended Vote								Page 109

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		of highest in country and significanly above peers.
	1.5	Elect Director John E. Feick --- Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.6	Elect Director Ray R. Irani --- Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.7	Elect Director Irvin W. Maloney ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.8	Elect Director Avedick B. Poladian ---
		Against
	1.9	Elect Director Rodolfo Segovia ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.10	Elect Director Aziz D. Syriani ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.11	Elect Director Rosemary Tomich ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.12	Elect Director Walter L. Weisman ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	2	Ratify Auditors		For	For		Mgmt
	3	Provide Right to Call Special Meeting		For	Against		Mgmt
		Shareholders currently have right to call special
		meeting (25%).
Mgmt Rec - Company Management Recommended Vote								Page 110

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Report on Host Country Social and		Against	Against		ShrHoldr
		Environmental Laws
		Management responded meaningfully; no evidence
		that company not in compliance with current law or
		that proposal will result in improved sharehoder
		returns or change laws in host countries.
04/22/09 - A	Odyssey Re Holdings Corp.		67612W108			03/06/09		854
	*ORH*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director V. Prem Watsa --- For
	1.2	Elect Director James F. Dowd --- For
	1.3	Elect Director Andrew A. Barnard ---
		For
	1.4	Elect Director Peter M. Bennett --- For
	1.5	Elect Director Anthony F. Griffiths ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director Patrick W. Kenny ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.7	Elect Director Bradley P. Martin --- For
	1.8	Elect Director Robert J. Solomon --- For
	1.9	Elect Director Brandon W. Sweitzer ---
		Withhold
		Comp committee member during period of poor pay
		practices.
05/19/09 - A	Omnicom Group Inc. *OMC*		681919106			03/30/09		3,730
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director John D. Wren --- For
	1.2	Elect Director Bruce Crawford --- For
	1.3	Elect Director Alan R. Batkin ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
Mgmt Rec - Company Management Recommended Vote								Page 111

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		year salary and benefits after termination for any
		reason or no reason.
	1.4	Elect Director Robert Charles Clark ---
		For
	1.5	Elect Director Leonard S. Coleman, Jr.
		--- Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.6	Elect Director Errol M. Cook --- For
	1.7	Elect Director Susan S. Denison ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.8	Elect Director Michael A. Henning ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.9	Elect Director John R. Murphy --- For
	1.10	Elect Director John R. Purcell --- For
	1.11	Elect Director Linda Johnson Rice ---
		Withhold
		Comp committee member during period of poor pay
Mgmt Rec - Company Management Recommended Vote								Page 112

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.12	Elect Director Gary L. Roubos ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
05/20/09 - A	ON Semiconductor		682189105			04/06/09		5,031
	Corporation *ONNN*
	1	Elect Directors		For	For		Mgmt
	2	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
		All employees can purchase shares at 85% of F.M.V.
	3	Ratify Auditors		For	For		Mgmt
05/26/09 - A	ONYX Pharmaceuticals, Inc.		683399109			03/30/09		575
	*ONXX*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 12.05% is within allowable cap of
		12.83%.
	3	Ratify Auditors		For	For		Mgmt
06/02/09 - A	optionsXpress Holdings, Inc.		684010101			04/06/09		141
	*OXPS*
	1	Elect Directors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 113

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Ratify Auditors		For	For		Mgmt
06/17/09 - A	OSI Pharmaceuticals, Inc.		671040103			04/22/09		724
	*OSIP*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert A. Ingram ---
		Withhold
		Sits on 6 boards; no mitigating circumstances
		disclosed. Comp committee member during period of
		poor pay practices. NEO tax gross-ups retained on
		double-trigger change-in-control agreements.
	1.2	Elect Director Colin Goddard, Ph.D. ---
		For
	1.3	Elect Director Santo J. Costa ---
		Withhold
		Comp committee member during period of poor pay
		practices. NEO tax gross-ups retained on double-
		trigger change-in-control agreements.
	1.4	Elect Director Joseph Klein, III ---
		Withhold
		Sits on 6 boards; no mitigating circumstances
		disclosed.
	1.5	Elect Director Kenneth B. Lee, Jr. ---
		For
	1.6	Elect Director Viren Mehta --- Withhold
		Comp committee member during period of poor pay
		practices. NEO tax gross-ups retained on double-
		trigger change-in-control agreements.
	1.7	Elect Director David W. Niemiec --- For
	1.8	Elect Director Herbert M. Pinedo, M.D.,
		Ph.D. --- For
	1.9	Elect Director Katharine B. Stevenson -
		-- For
	1.10	Elect Director John P. White --- For
	2	Ratify Auditors		For	For		Mgmt
06/25/09 - A	Panasonic Corp *6752*		J6354Y104			03/31/09		2,483
	1	Amend Articles To Reflect Digitalization For			For		Mgmt
		of Share Certificates - Authorize Public
		Announcements in Electronic Format
	2	Elect Directors		For	For		Mgmt
05/13/09 - A	Perot Systems Corp. *PER*		714265105			03/16/09		1,794
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 114

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/18/09 - A	Petrohawk Energy		716495106			04/27/09		3,062
	Corporation *HK*
	1	Elect Directors		For	Withhold		Mgmt
	2	Increase Authorized Common Stock		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Amend Non-Employee Director		For	For		Mgmt
		Omnibus Stock Plan
	5	Permit Board to Amend Bylaws Without		For	Against		Mgmt
		Shareholder Consent
	6	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Pfizer Inc. *PFE*		717081103			02/24/09		14,018
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Limit/Prohibit Executive Stock-Based		Against	Against		ShrHoldr
		Awards
		Overly restrictive; limits normal compeditive comp
		tool.
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior proposals supported by PPC.
	6	Provide for Cumulative Voting		Against	Against		ShrHoldr
	7	Amend Bylaws -- Call Special Meetings		Against	Against		ShrHoldr
		25% shareholder right to call special meeting already
		in place.
05/13/09 - A	PG&E Corp. *PCG*		69331C108			03/16/09		4,163
	1	Elect Director David R. Andrews		For	For		Mgmt
	2	Elect Director C. Lee Cox		For	For		Mgmt
	3	Elect Director Peter A. Darbee		For	For		Mgmt
	4	Elect Director Maryellen C. Herringer		For	For		Mgmt
	5	Elect Director Roger H. Kimmel		For	For		Mgmt
	6	Elect Director Richard A. Meserve		For	For		Mgmt
	7	Elect Director Forrest E. Miller		For	For		Mgmt
	8	Elect Director Barbara L. Rambo		For	For		Mgmt
	9	Elect Director Barry Lawson Williams		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification consistently
		supported buy PPC.
	12	Reincorporate in Another State		Against	Against		ShrHoldr
		[California to North Dakota ]
Mgmt Rec - Company Management Recommended Vote								Page 115

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/05/09 - A	Philip Morris International		718172109			03/10/09		4,584
	Inc. *PM*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
04/29/09 - A	PLATINUM UNDERWRITERS		G7127P100			03/16/09		766
	HOLDINGS LTD *PTP*
	1	Elect Directors		For	For		Mgmt
	2	Approve KPMG as Auditors and		For	For		Mgmt
		Authorize Board to Fix Their
		Remuneration
05/27/09 - A	Polycom, Inc. *PLCM*		73172K104			04/10/09		1,468
	1	Elect Directors		For	For		Mgmt
	2	Approve Option Exchange Program		For	For		Mgmt
		Value-for-value, excludes executives, timng and
		price reasonable; recycles options will not put plan
		over SVT cap.
	3	Ratify Auditors		For	For		Mgmt
05/04/09 - A	Potlatch Corp. *PCH*		737630103			03/23/09		649
	1	Elect Director Boh A. Dickey		For	For		Mgmt
	2	Elect Director William L. Driscoll		For	For		Mgmt
	3	Elect Director Judith M. Runstad		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
05/20/09 - A	PPL Corp. *PPL*		69351T106			02/27/09		998
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		Against	For		ShrHoldr
06/03/09 - A	Priceline.com Inc. *PCLN*		741503403			04/14/09		611
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Right to Call Special Meetings		For	For		Mgmt
		Shareholders may not act by written consent
		Shareholders may not call special meetings
	4	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholders will have 25% right to call secial
		meeting if item 3 is approved (mgmt version).
Mgmt Rec - Company Management Recommended Vote								Page 116

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/21/09 - A	Pride International, Inc.		74153Q102			03/31/09		2,145
	*PDE*
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director David A. B. Brown ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.2	Elect Director Kenneth M. Burke ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.3	Elect Director Archie W. Dunham ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.4	Elect Director David A. Hager ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.5	Elect Director Francis S. Kalman ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.6	Elect Director Ralph D. McBride ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.7	Elect Director Robert G. Phillips ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.8	Elect Director Louis A. Raspino ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	ProAssurance Corporation		74267C106			03/31/09		472
	*PRA*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 117

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/20/09 - A	ProLogis *PLD*		743410102			03/23/09		3,108
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Stephen L. Feinberg ---
		Withhold
		Comp committee member during period			of
		pay/performance disconnect and poor/pay practices.
	1.2	Elect Director George L. Fotiades ---
		For
	1.3	Elect Director Christine N. Garvey ---
		For
	1.4	Elect Director Lawrence V. Jackson ---
		For
	1.5	Elect Director Donald P. Jacobs ---
		Withhold
		Comp committee member during period			of
		pay/performance disconnect and poor/pay practices.
	1.6	Elect Director Walter C. Rakowich ---
		For
	1.7	Elect Director D. Michael Steuert --- For
	1.8	Elect Director J. Andre Teixeira --- For
	1.9	Elect Director William D. Zollars ---
		Withhold
		Comp committee member during period			of
		pay/performance disconnect and poor/pay practices.
	1.10	Elect Director Andrea M. Zulberti ---
		Withhold
		Comp committee member during period			of
		pay/performance disconnect and poor/pay practices.
	2	Ratify Auditors		For	For		Mgmt
05/19/09 - A	Psychiatric Solutions, Inc.		74439H108			03/26/09		919
	*PSYS*
	1	Elect Directors		For	For		Mgmt
	2	Amend Non-Employee Director		For	For		Mgmt
		Omnibus Stock Plan
		Plan's cost of 10.51% is within allowable cap of
		11.74%.
	3	Ratify Auditors		For	For		Mgmt
05/07/09 - A	Public Storage *PSA*		74460D109			03/09/09		1,796
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/04/09 - A	Quest Software, Inc. *QSFT*		74834T103			04/27/09		1,794
	1	Elect Directors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 118

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Ratify Auditors		For	For		Mgmt
05/12/09 - A	Realty Income Corp. *O*		756109104			03/12/09		1,476
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/27/09 - A	Regal-Beloit Corp. *RBC*		758750103			03/04/09		171
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Repsol YPF S.A		E8471S130			None		1,313
	1	Approve Individual and Consolidated		For	For		Mgmt
		Financial Statements, Allocation of
		Income, and Discharge Directors
	2	Elect Directors		For	For		Mgmt
	3	Elect External Auditors		For	For		Mgmt
	4	Authorize Repurchase of Shares		For	For		Mgmt
	5	Authorize Issuance of		For	For		Mgmt
		Bonds/Debentures
	6	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
05/06/09 - A	Reynolds American Inc *RAI*		761713106			03/09/09		3,019
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Declassify the Board of Directors		Against	For		ShrHoldr
	5	Report on Marketing Practices on the		Against	Against		ShrHoldr
		Poor
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will results in improved shareholder returns.
	6	Reduce Nicotine Content to Non-		Against	Against		ShrHoldr
		Addictive Levels
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will results in improved shareholder returns.
	7	Adopt Human Rights Protocols for		Against	Against		ShrHoldr
		Company and Suppliers
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will results in improved shareholder returns.
Mgmt Rec - Company Management Recommended Vote								Page 119

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/03/09 - A	Rightnow Technologies, Inc		76657R106			04/09/09		2,264
	*RNOW*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Other Business		For	Against		Mgmt
04/20/09 - A	Rio Tinto Ltd. (Formerly Cra		Q81437107			04/18/09		335
	Ltd.) *RIO*
	1	Receive Financial Statements and		For	For		Mgmt
		Statutory Reports for the Financial Year
		Ended Dec. 31, 2008
	2	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended Dec. 31, 2008
	3	Elect Jan du Plessis as a Director		For	For		Mgmt
	4	Elect David Clementi as a Director		For	For		Mgmt
	5	Elect Rod Eddington as a Director		For	Against		Mgmt
		- Sir Rod Eddington as an independent director of
		Allco (now in voluntary administration) supported the
		Rubicon purchase and the advancing of funds to the
		Allco Principals Trust, based on the
		administrator’s report, to prevent margin
		calls over Allco shares held by APT. This item
		does not merit support.
	6	Elect Andrew Gould as a Director		For	For		Mgmt
	7	Elect David Mayhew as a Director		For	For		Mgmt
	8	Approve Appointment of		For	For		Mgmt
		PricewaterhouseCoopers LLP as
		Auditors of the Company and Authorize
		Board to Fix Their Remuneration
	9	Approve Increase in Non-Executive		None	For		Mgmt
		Directors' Remuneration to A$4.7
		Million per Annum
	10	Approve the Renewal of the Company's		For	For		Mgmt
		Authority to Buy Back All the Ordinary
		Shares Held by Tinto Holdings
		Australia Pty Ltd under a Selective
		Buyback Agreement
	11	Approve Amendments to the Rio Tinto		For	For		Mgmt
		Ltd Constitution and Adoption and
		Amendment of the New Rio Tinto Plc
		Articles of Association
04/15/09 - A	Rio Tinto plc		G75754104			None		1,461
		Resolutions 1 to 9 will be Voted on
		by Rio Tinto plc and Rio Tinto
		Limited Shareholders as a Joint
		Electorate
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
Mgmt Rec - Company Management Recommended Vote								Page 120

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Approve Remuneration Report		For	For		Mgmt
		Summary & Vote Recommendation The
		main outstanding remuneration issue is the
		integration bonus arrangements for Dick Evans and
		the fact that the existence of this bonus was not
		previously disclosed to shareholders. This is
		disappointing given the fact that this bonus
		represents a significant incentive for a main Board
		executive. After consideration and taking into
		account additional feedback from the Company, a
		vote recommendation against the remuneration
		report is not considered warranted on the basis of
		this issue alone. The rationale for this conclusion is
		as follows: - The company has provided extra
		detail on the performance conditions applying to the
		integration bonus. It notes that the synergy savings
		for 2008 were USD 585 million (GBP 314 million),
		against a target of USD 550 million (GBP 295
		million). - The company makes a case for the
		bonus being a discrete part of the remuneration
		policy with a specific purpose, tied to the
		performance of one executive director. Given Dick
		Evans's role, it is not unreasonable that he has
		specific integration targets following the acquisition of
		Alcan. - The remuneration package for Dick
		Evans is tied to his contract, which ends on 31
		December 2009. The Company has confirmed that
		he has no entitlement to any termination payment
		when he leaves. - The overall remuneration
		policy at Rio Tinto raises few concerns and the
		general level of disclosure is good. Although some
		shareholders may have concerns that executive
		directors received bonuses in respect of 2008, the
		Company appears to have recognised this issue to a
		certain extent through the mandatory deferral of
		bonuses into shares. In light of the above, on
		balance the remuneration report is worthy of qualified
		support. However, the Company is encouraged to
		engage with shareholders in advance of introducing
		special bonus arrangements in the future. It should
		also ensure that any such bonuses are disclosed and
		explained in full. [Vote Recommendation:
		CONTENTIOUS FOR]
	3	Elect Jan du Plessis as Director		For	For		Mgmt
		Analysis & Vote
		Recommendation Exceptionally, the election/re-
		election of all directors at this AGM is being
		highlighted as potentially contentious. This is
		because of the continuing debate over the merits of
		the Chinalco deal announced on 12 February 2009.
		Some shareholders have raised serious concerns
Mgmt Rec - Company Management Recommended Vote								Page 121

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		with the terms of the transaction and may feel that a
		vote against the Rio Tinto directors is an appropriate
		course of action at this stage. However, given
		that the transaction has not yet been finalised and,
		indeed, may not proceed in the manner currently
		envisaged, it is considered too early for a negative
		vote recommendation against the directors to be
		issued. That said, directors must be prepared to be
		held formally accountable for decisions they take in
		respect of the deal. Developments over the coming
		year will be monitored closely and any serious
		ongoing concerns will be taken fully into account
		when considering vote recommendations for the
		2010 AGM. The role of Jan du Plessis over the
		coming year will be particularly important given his
		position as incoming Chairman of the
		Board. [Vote Recommendation: CONTENTIOUS
		FOR]
	4	Re-elect Sir David Clementi as Director		For	For		Mgmt
		Analysis & Vote
		Recommendation Exceptionally, the election/re-
		election of all directors at this AGM is being
		highlighted as potentially contentious. This is
		because of the continuing debate over the merits of
		the Chinalco deal announced on 12 February 2009.
		Some shareholders have raised serious concerns
		with the terms of the transaction and may feel that a
		vote against the Rio Tinto directors is an appropriate
		course of action at this stage. However, given
		that the transaction has not yet been finalised and,
		indeed, may not proceed in the manner currently
		envisaged, it is considered too early for a negative
		vote recommendation against the directors to be
		issued. That said, directors must be prepared to be
		held formally accountable for decisions they take in
		respect of the deal. Developments over the coming
		year will be monitored closely and any serious
		ongoing concerns will be taken fully into account
		when considering vote recommendations for the
		2010 AGM. [Vote Recommendation:
		CONTENTIOUS FOR]
	5	Re-elect Sir Rod Eddington as Director		For	Against		Mgmt
		Summary & Vote
		Recommendation Shareholders will need to
		consider Sir Rod Eddington’s position based
		on the available information. Concerns have arisen
		about his performance as a non-executive director of
		Allco. The view has been taken in this report that
		given his position as an independent director who
		supported the Rubicon purchase by Allco, the value
		of which was substantially written down within seven
Mgmt Rec - Company Management Recommended Vote								Page 122

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		months of acquisition, it appears reasonable for
		shareholders to question his continuing service as a
		member of the Rio Tinto board. It is also
		appropriate to consider Sir Rod Eddington's position
		in the context of the fact that he currently serves on
		seven boards - Rio Tinto, News Corporation, John
		Swire & Sons Pty, CLP Holdings, Allco, JP
		Morgan Australia and New Zealand and
		Infrastructure Australia - the last two of which he
		chairs. He is also Chairman Designate of ANZ
		Banking Group Ltd. In cases such as this, questions
		of whether or not an individual has sufficient time to
		dedicate to all his roles become
		relevant. Shareholders have a difficult judgement
		call to make when determining the appropriate voting
		stance on this resolution. Rio Tinto strongly defends
		Sir Rod Eddington's position on the board of Rio
		Tinto and has no hesitation in recommending that
		shareholders support his re-election. This report
		has concluded, however, that the situation at Allco
		raises questions about Sir Rod Eddington's
		performance as a director. It is therefore considered
		reasonable that shareholders consider voting against
		his re-election to the board of Rio Tinto.
	6	Re-elect Andrew Gould as Director		For	For		Mgmt
		Analysis & Vote
		Recommendation Exceptionally, the election/re-
		election of all directors at this AGM is being
		highlighted as potentially contentious. This is
		because of the continuing debate over the merits of
		the Chinalco deal announced on 12 February 2009.
		Some shareholders have raised serious concerns
		with the terms of the transaction and may feel that a
		vote against the Rio Tinto directors is an appropriate
		course of action at this stage. However, given
		that the transaction has not yet been finalised and,
		indeed, may not proceed in the manner currently
		envisaged, it is considered too early for a negative
		vote recommendation against the directors to be
		issued. That said, directors must be prepared to be
		held formally accountable for decisions they take in
		respect of the deal. Developments over the coming
		year will be monitored closely and any serious
		ongoing concerns will be taken fully into account
		when considering vote recommendations for the
		2010 AGM. [Vote Recommendation:
		CONTENTIOUS FOR]
	7	Re-elect David Mayhew as Director		For	For		Mgmt
		Vote Recommendation Exceptionally, the
		election/re-election of all directors at this AGM is
		being highlighted as potentially contentious. This is
Mgmt Rec - Company Management Recommended Vote								Page 123

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		because of the continuing debate over the merits of
		the Chinalco deal announced on 12 February 2009.
		Some shareholders have raised serious concerns
		with the terms of the transaction and may feel that a
		vote against the Rio Tinto directors is an appropriate
		course of action at this stage. However, given
		that the transaction has not yet been finalised and,
		indeed, may not proceed in the manner currently
		envisaged, it is considered too early for a negative
		vote recommendation against the directors to be
		issued. That said, directors must be prepared to be
		held formally accountable for decisions they take in
		respect of the deal. Developments over the coming
		year will be monitored closely and any serious
		ongoing concerns will be taken fully into account
		when considering vote recommendations for the
		2010 AGM. [Vote Recommendation:
		CONTENTIOUS FOR]
	8	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors and Authorise the
		Audit Committee to Determine Their
		Remuneration
	9	Amend Articles of Association and		For	For		Mgmt
		Amend the Constitution of Rio Tinto
		Limited Re: Non-Executive Directors'
		Fees
		Resolutions 10 to 13 will be Voted on
		by Rio Tinto plc Shareholders Only
	10	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from GBP
		142,123,283.30 to GBP
		170,000,000.30; Authorise Issue of
		Equity with Pre-emptive Rights up to
		GBP 32,948,000 in Connection with an
		Offer by Way of Rights Issue;
		Otherwise up to GBP 32,948,000
	11	Subject to the Passing of Resolution		For	For		Mgmt
		10, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 6,420,000
	12	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		be Called on Not Less Than 14 Clear
		Days' Notice
	13	Approve Scrip Dividend Program		For	For		Mgmt
		Resolution 14 will be Voted on by
		Rio Tinto plc and Rio Tinto Limited
		Shareholder Separately
	14	Adopt New Articles of Association;		For	For		Mgmt
		Amend Articles of Association; Amend
Mgmt Rec - Company Management Recommended Vote								Page 124

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		the Constitution of Rio Tinto Limited
04/23/09 - A	Rockwood Holdings, Inc.		774415103			03/04/09		982
	*ROC*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Nance K. Dicciani --- For
	1.2	Elect Director J. Kent Masters ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	Against		Mgmt
	4	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
05/19/09 - A	Royal Dutch Shell plc		G7690A100			None		5,105
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
		Vote Recommendation In arriving at a voting
		decision on Royal Dutch Shell’s			2008
		remuneration report, shareholders should take into
		account a number of factors. The
		Company’s headline performance was
		strong in the year in question (although as the
		Company’s first quarter 2009 results
		suggest, a large factor for the increased profits in
		2008 was driven by increases in oil prices), in
		addition the Company has demonstrated improved
		performance in a number of key operational areas in
		recent years. That said, the Committee’s
		decision to release for vesting 50% of the
		performance shares awarded in 2006 under the
		LTIP, despite fourth placed TSR ranking compared to
		the four other global oil majors, is an area of
		considerable concern. The concern is intensified in
		the context of the global economic
		downturn. The Company provided detailed
		explanations and statistical indicators to support the
		Committee’s decision in this instance,
		including ‘outstanding’ Shell
		scorecard performance in 2006, 2007 and 2008 and
		generally median performance compared to the LTIP
		comparator group in a number of financial and
		operation areas other than TSR. After undertaking a
		thorough examination of the issues and after careful
		consideration, shareholders are advised to vote
		against the remuneration report for the following
Mgmt Rec - Company Management Recommended Vote								Page 125

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		reasons: (i) The use of discretion occurred for
		the second consecutive year despite fourth placed
		relative TSR performance in both the 2005-07 and
		2006-08 performance periods; and (ii) The
		economic context in which the decision was taken,
		which leads to a case for considering that the
		Committee should have exercised more restraint in
		2008. Shareholders may wish to consider
		arriving at their own voting decision on this item
		based on the information contained in this report and
		the detailed explanations provided by the Company.
	3	Elect Simon Henry as Director		For	For		Mgmt
	4	Re-elect Lord Kerr of Kinlochard as		For	For		Mgmt
		Director
	5	Re-elect Wim Kok as Director		For	For		Mgmt
	6	Re-elect Nick Land as Director		For	For		Mgmt
	7	Re-elect Jorma Ollila as Director		For	For		Mgmt
	8	Re-elect Jeroen van der Veer as		For	For		Mgmt
		Director
	9	Re-elect Hans Wijers as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of EUR 145 Million
	13	Subject to the Previous Resolution		For	For		Mgmt
		Being Passed, Authorise Issue of
		Equity or Equity-Linked Securities
		without Pre-emptive Rights up to
		Aggregate Nominal Amount of EUR 21
		Million
	14	Authorise 624 Million Ordinary Shares		For	For		Mgmt
		for Market Purchase
	15	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Organisations
		Other than Political Parties up to GBP
		200,000 and to Incur EU Political
		Expenditure up to GBP 200,000
05/19/09 - A	Royal Dutch Shell plc		G7690A118			None		3,856
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
		Vote Recommendation In arriving at a voting
		decision on Royal Dutch Shell’s 2008
		remuneration report, shareholders should take into
Mgmt Rec - Company Management Recommended Vote								Page 126

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		account a number of factors. The
		Company’s headline performance was
		strong in the year in question (although as the
		Company’s first quarter 2009 results
		suggest, a large factor for the increased profits in
		2008 was driven by increases in oil prices), in
		addition the Company has demonstrated improved
		performance in a number of key operational areas in
		recent years. That said, the Committee’s
		decision to release for vesting 50% of the
		performance shares awarded in 2006 under the
		LTIP, despite fourth placed TSR ranking compared to
		the four other global oil majors, is an area of
		considerable concern. The concern is intensified in
		the context of the global economic
		downturn. The Company provided detailed
		explanations and statistical indicators to support the
		Committee’s decision in this instance,
		including ‘outstanding’ Shell
		scorecard performance in 2006, 2007 and 2008 and
		generally median performance compared to the LTIP
		comparator group in a number of financial and
		operation areas other than TSR. After undertaking a
		thorough examination of the issues and after careful
		consideration, shareholders are advised to vote
		against the remuneration report for the following
		reasons: (i) The use of discretion occurred for
		the second consecutive year despite fourth placed
		relative TSR performance in both the 2005-07 and
		2006-08 performance periods; and (ii) The
		economic context in which the decision was taken,
		which leads to a case for considering that the
		Committee should have exercised more restraint in
		2008. Shareholders may wish to consider
		arriving at their own voting decision on this item
		based on the information contained in this report and
		the detailed explanations provided by the Company.
	3	Elect Simon Henry as Director		For	For		Mgmt
	4	Re-elect Lord Kerr of Kinlochard as		For	For		Mgmt
		Director
	5	Re-elect Wim Kok as Director		For	For		Mgmt
	6	Re-elect Nick Land as Director		For	For		Mgmt
	7	Re-elect Jorma Ollila as Director		For	For		Mgmt
	8	Re-elect Jeroen van der Veer as		For	For		Mgmt
		Director
	9	Re-elect Hans Wijers as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 127

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of EUR 145 Million
	13	Subject to the Previous Resolution		For	For		Mgmt
		Being Passed, Authorise Issue of
		Equity or Equity-Linked Securities
		without Pre-emptive Rights up to
		Aggregate Nominal Amount of EUR 21
		Million
	14	Authorise 624 Million Ordinary Shares		For	For		Mgmt
		for Market Purchase
	15	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Organisations
		Other than Political Parties up to GBP
		200,000 and to Incur EU Political
		Expenditure up to GBP 200,000
04/22/09 - A	RWE AG		D6629K109			04/01/09		517
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 4.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
	6	Ratify PricewaterhouseCoopers AG for		For	For		Mgmt
		the Inspection of the 2009 Mid-Yearl
		Report
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Authorize Use of Financial Derivatives		For	For		Mgmt
		when Repurchasing Shares
	9	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 6
		Billion; Approve Creation of EUR 144
		Million Pool of Capital to Guarantee
		Conversion Rights
	10	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 6
		Billion; Approve Creation of EUR 144
		Million Pool of Capital to Guarantee
Mgmt Rec - Company Management Recommended Vote								Page 128

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Conversion Rights
	11	Amend Articles Re: Participation in the		For	For		Mgmt
		Annual Meeting; Chair of the Annual
		Meeting
	12	Amend Articles Re: Designation of		For	For		Mgmt
		Proxy
05/13/09 - A	Safeway Inc. *SWY*		786514208			03/16/09		5,287
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Provide for Cumulative Voting		Against	Against		ShrHoldr
	4	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Not needed; shareholders already have right to call
		special meeting and act by written consent.
	5	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
		Management responded meaningfully; no evidence
		that proposal it the best way to achieve appropriate
		control of excessive executive comp or that it will
		improve shareholder returns.
06/19/09 - A	SAIC Inc *SAI*		78390X101			04/20/09		3,029
	1	Elect Directors		For	For		Mgmt
	2	Approve Conversion of Securities		For	For		Mgmt
		Eliminates dual class structure; no impact to existing
		shareholders.
	3	Ratify Auditors		For	For		Mgmt
04/17/09 -	Sanofi Aventis		F5548N101			04/14/09		1,842
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 2.20 per Share
	4	Ratify Appointment of Chris Viehbacher		For	For		Mgmt
		as Director
	5	Approve Auditors' Special Report		For	Against		Mgmt
		Regarding Related-Party Transactions
		The amount of the total severance package granted
		to Gerard Le Fur represents an amount exceeding
Mgmt Rec - Company Management Recommended Vote								Page 129

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		twice his last annual cash compensation (salary and
		bonus). As a result, this item does not merit
		support.
	6	Approve Transaction with Chris		For	Against		Mgmt
		Viehbacher Re: Severance Payments
		Because of the lack of challenging performance
		criteria, this item does not merit approval.
	7	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	8	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 1.3 Billion
	9	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 500 Million
	10	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	11	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	12	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 500 Million for Bonus Issue
		or Increase in Par Value
	13	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	14	Authorize up to 2.5 Percent of Issued		For	Against		Mgmt
		Capital for Use in Stock Option Plan
		Because of the volume of shares to be granted is
		9.05 percent, which exceeds the 5-percent guideline,
		this proposal does not merit support.
	15	Authorize up to 1.0 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock Plan
		However, the lack of full disclosure on the future
		performance criteria prevents the analysis of these
		performance criteria's stringency from being
		performed. Due to this element, along with the fact
		that the volume of shares to be granted could reach
		7.64 percent, which is in excess of the 5-percent
		guideline, this proposal does not merit support.
	16	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	17	Amend Article 15 of the Bylaws Re:		For	For		Mgmt
		Audit Committee
	18	Authorize Filing of Required		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 130

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Documents/Other Formalities
05/19/09 - A	SAP AG		D66992104			04/28/09		1,055
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify KPMG AG as Auditors for Fiscal		For	For		Mgmt
		2009
	6	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Amend Articles Re: Electronic Proxy		For	For		Mgmt
		Authorization due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
04/08/09 - A	Schlumberger Ltd. *SLB*		806857108			02/18/09		2,765
	1	Elect Directors		For	For		Mgmt
	2	Adopt and Approve Financials and		For	For		Mgmt
		Dividends
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	4	Approval of Independent Registered		For	For		Mgmt
		Public Accounting Firm
04/23/09 -	Schneider Electric SA		F86921107			04/20/09		335
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 3.45 per Share
	4	Approve Auditors' Special Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Approve Transaction with Jean-Pascal		For	Against		Mgmt
		Tricoire Re: Pension Scheme and
		Severance Payment
		The severance payment could exceed twice the last
		annual remuneration (fixed and variable) received
		and the performance criteria attached are not
Mgmt Rec - Company Management Recommended Vote								Page 131

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		stringent or measurable. Moreover, the management
		board's chairman would benefit of his stock-options
		or free shares after his removal. For all those
		reasons, a vote against this resolution is warranted.
	6	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Ratify Change of Registered Office to		For	For		Mgmt
		35, Rue Joseph Monier, 92500 Rueil
		Malmaison and Amend Article 5 of
		Bylaws Accordingly
		Special Business
	8	Update Corporate Purpose and Amend		For	For		Mgmt
		Article 2 of Bylaws Accordingly
	9	Approve Share Ownership Disclosure		For	For		Mgmt
		Threshold
	10	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 800 Million
	11	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 360 Million
	12	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	13	Authorize Capital Increase for Future		For	For		Mgmt
		Exchange Offers
	14	Authorize up to 3 Percent of Issued		For	Against		Mgmt
		Capital for Use in Stock Option Plan
		Given the dilution in excess of 5-percent guideline
		(6.76 percent), and as past plans were only partly
		subject to performance criteria (or not at all for some
		plans) and that those criteria are not measurable, this
		proposal does not merit approval.
	15	Authorize up to 1 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock Plan
		Because of the absence of stringent performance
		criteria and the fact that only half of the restricted
		shares are conditioned to the achievement of those
		criteria, opposition to this proposal is warranted.
	16	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	17	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for International Employees
	18	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	19	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
Mgmt Rec - Company Management Recommended Vote								Page 132

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Shareholder Proposals
	A	Limit Remuneration of Supervisory		Against	Against		ShrHoldr
		Board Members at the Aggregate
		Amount of EUR 600,000
		As the current remuneration is not excessive, this
		item does not warrant a vote in favor
04/27/09 - A	Seaboard Corp. *SEB*		811543107			03/02/09		15
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Steven J. Bresky ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.2	Elect Director David A. Adamsen ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.3	Elect Director Douglas W. Baena ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.4	Elect Director Joseph E. Rodrigues ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.5	Elect Director Edward I. Shifman, Jr. ---
		For
	2	Ratify Auditors		For	For		Mgmt
	3	Reduce Authorized Common Stock		For	For		Mgmt
05/18/09 - A	Senior Housing Properties		81721M109			03/17/09		1,610
	Trust *SNH*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Jeffrey P. Somers --- For
	1.2	Elect Director Barry M. Portnoy ---
		Withhold
		Sits on 6 boards.
04/23/09 - A	Sensient Technologies Corp.		81725T100			02/27/09		387
	*SXT*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Hank Brown --- For
	1.2	Elect Director Fergus M. Clydesdale ---
		Withhold
Mgmt Rec - Company Management Recommended Vote								Page 133

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Comp committee member during period of poor pay
		practices.
	1.3	Elect Director James A. D. Croft ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.4	Elect Director William V. Hickey --- For
	1.5	Elect Director Kenneth P. Manning ---
		For
	1.6	Elect Director Peter M. Salmon --- For
	1.7	Elect Director Elaine R. Wedral --- For
	1.8	Elect Director Essie Whitelaw ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	2	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
05/08/09 - A	Simon Property Group, Inc.		828806109			03/09/09		545
	*SPG*
	1	Approve Increase in Size of Board		For	Against		Mgmt
		Permits board to fix number of directors without
		shareholder approval.
	2	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
	3	Increase Authorized Common Stock		For	For		Mgmt
	4	Amend Charter to Delete Obsolete or		For	For		Mgmt
		Unnecessary Provisions
	5	Elect Directors		For	For		Mgmt
	6	Adjourn Meeting		For	Against		Mgmt
	7	Ratify Auditors		For	For		Mgmt
05/12/09 - A	Skyworks Solutions, Inc.		83088M102			03/24/09		2,031
	*SWKS*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Balakrishnan S. Iyer ---
		Withhold
		Sits on 6 boards.
	1.2	Elect Director Thomas C. Leonard ---
		For
	1.3	Elect Director Robert A. Schriesheim ---
		For
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 134

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/12/09 - A	Smith International, Inc. *SII*		832110100			03/13/09		2,049
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert Kelley --- For
	1.2	Elect Director Luiz Rodolfo Landim
		Machado --- Withhold
		Sits on 6 boards.
	1.3	Elect Director Doug Rock --- For
	2	Ratify Auditors		For	For		Mgmt
06/19/09 - A	Sohu.com Inc. *SOHU*		83408W103			04/17/09		476
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Charles Zhang --- For
	1.2	Elect Director Charles Huang --- For
	1.3	Elect Director Dave Qi --- For
	1.4	Elect Director Shi Wang --- Withhold
		This nominee attended less than 75% of board
		meetings during the previous two years.
	2	Ratify Auditors		For	For		Mgmt
06/19/09 - A	Sony Corp. *6758*		J76379106			03/31/09		1,375
	1	Amend Articles To Reflect Digitalization For			For		Mgmt
		of Share Certificates
	2	Elect Directors		For	For		Mgmt
	3	Approve Stock Option Plan		For	For		Mgmt
05/19/09 - A	Southwestern Energy Co.		845467109			03/23/09		4,271
	*SWN*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Lewis E. Epley, Jr. --- For
	1.2	Elect Director Robert L. Howard ---
		Withhold
		Comp committee member during period of poor pay
		practices (NEO change-in-control with tax-gross-ups;
		NEO are paid tax gross-ups on "all other comp" -
		$2.6m 2008.
	1.3	Elect Director Harold M. Korell --- For
	1.4	Elect Director Vello A. Kuuskraa ---
		Withhold
	1.5	Elect Director Kenneth R. Mourton ---
		Withhold
	1.6	Elect Director Charles E. Scharlau ---
		For
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 135

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/19/09 - A	StatoilHydro ASA (formerly		R8412T102			None		1,859
	Statoil ASA)
	1	Open Meeting		None	None		Mgmt
	2	Elect Olaug Svarva as Chairman of		For	For		Mgmt
		Meeting
	3	Approve Notice of Meeting and Agenda		For	For		Mgmt
	4	Registration of Attending Shareholders		None	None		Mgmt
		and Proxies
	5	Designate Inspectors of Minutes of		For	For		Mgmt
		Meeting
	6	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports; Approve Allocation
		of Income and Dividends of NOK 7.25
		per Share (NOK 4.40 as Ordinary
		Dividend and NOK 2.85 as Special
		Dividend)
	7	Approve Remuneration of Auditors		For	For		Mgmt
	8	Elect One Deputy Member of Corporate		For	Against		Mgmt
		Assembly
		Conclusion While the company's board of
		directors meets guidelines regarding independence,
		the omission of the name of the nominee for the
		corporate assembly makes it impossible to make an
		informed decision in this matter, which warrants a
		vote against this resolution.
	9	Approve Remuneration Policy And		For	Against		Mgmt
		Other Terms of Employment For
		Executive Management
		Conclusion The company's overall
		remuneration policy appears to be well structured,
		with bonus to the CEO capped at 25 percent of
		salary, and severance terms limited to 24 months
		salary. However, as members of the executive group
		would, in essence, be granted free shares without
		any performance criteria attached other than a lock-
		up period under the LTI proposal, and due certain
		features of the ESPP in which they may participate,
		this item does not warrant approval.
	10	Authorize Repurchase and Reissuance		For	Against		Mgmt
		of Shares up to NOK 15 Million
		Aggregate Par Value for Share Saving
		Scheme for Employees
		Conclusion For share-matching plans without
		performance criteria, the initial investment in shares
		must be made at market price. Because the initial
		shares in the 1:1 share matching program may be
		purchased at a discount, this proposal does not merit
		approval.
	11	Change Company Name to Statoil		For	For		Mgmt
		ASA; Amend Corporate Purpose:
Mgmt Rec - Company Management Recommended Vote								Page 136

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Include Other Forms of Energy
		Shareholder Proposals
	12	Withdraw Company From Tar Sands		Against	Against		ShrHoldr
		Activities in Canada
		Conclusion Increased disclosure on operations
		in sensitive environmental regions is most often
		warranted, especially in circumstances where there
		has been some controversy over the use of
		resources in the region and if the company
		operations may be materially impacted, which may
		appear to be the case at StatoilHydro. The
		company appears to significantly address the issues
		and risks facing its expansion of its oil sands
		operations in Canada. In light of the shifting price of
		energy resources, pending regulation, increasing
		concerns over scarcity of water, and increased
		potential of environmental degradation as a result of
		oil sands operations, the company appears to be
		taking a proactive approach regarding its
		sustainability reporting. In this case, the
		resolution requests that the company withdraw from
		tar sands operations in Canada. Although, further
		disclosure could be beneficial for the company and
		its shareholders by demonstrating the
		company’s active commitment to mitigate
		financial, reputational, environmental, and regulatory
		risk relating to its current and future tar sands
		operations, the request may be overly burdensome
		and/or costly to produce. It may not be necessarily
		beneficial to shareholders for the company to commit
		to discontinue operating in certain areas, such as the
		Canadian tar sands. Particularly with respect to
		discontinuing such tar sands operations, adopting a
		policy to withdraw could limit the company’s
		ability to take advantage of opportunities that would
		benefit the company and its shareholders. As such, a
		vote against this proposal is warranted.
04/28/09 - A	Strayer Education, Inc.		863236105			03/05/09		194
	*STRA*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert S. Silberman ---
		For
	1.2	Elect Director Dr. Charlotte F. Beason -
		-- For
	1.3	Elect Director William E. Brock --- For
	1.4	Elect Director David A. Coulter --- For
	1.5	Elect Director Robert R. Grusky --- For
	1.6	Elect Director Robert L. Johnson ---
Mgmt Rec - Company Management Recommended Vote								Page 137

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Against
		Comp committee member during period of poor pay
		practices.
	1.7	Elect Director Todd A. Milano ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.8	Elect Director G. Thomas Waite, III ---
		For
	1.9	Elect Director J. David Wargo ---
		Against
		Comp committee member during period of poor pay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
06/26/09 - A	SUMITOMO MITSUI		J7771X109			03/31/09		248
	FINANCIAL GROUP INC.
	*8316*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 20 for Ordinary
		Shares
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Authorize Public
		Announcements in Electronic Format -
		Clarify Terms of Alternate Statutory
		Auditors
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Statutory Auditor		For	For		Mgmt
	4.2	Appoint Statutory Auditor		For	For		Mgmt
	4.3	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	4.4	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
Mgmt Rec - Company Management Recommended Vote								Page 138

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Appoint Alternate Statutory Auditor		For	For		Mgmt
	6	Approve Retirement Bonus Payment		For	Against		Mgmt
		for Directors and Statutory Auditors
		As the payment of retirement bonuses to
		outsiders is a highly inappropriate practice anywhere,
		not just in Japan, this proposal does not merit
		approval.
05/29/09 - A	Superior Industries		868168105			04/03/09		1,627
	International, Inc. *SUP*
	1	Elect Directors		For	For		Mgmt
	2	Approve Decrease in Size of Board		For	For		Mgmt
		Changes to 5-9 range From 9 - 15 range and sets at
		8 (current number); reduces expenses and does not
		appear to be motived by entrenchment.
	3	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
05/12/09 - A	SVB FINANCIAL GROUP		78486Q101			03/24/09		406
	*SIVB*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Eric A. Benhamou --- For
	1.2	Elect Director David M. Clapper --- For
	1.3	Elect Director Roger F. Dunbar --- For
	1.4	Elect Director Joel P. Friedman --- For
	1.5	Elect Director G. Felda Hardymon ---
		For
	1.6	Elect Director Alex W. 'Pete' Hart ---
		For
		Comp committee member during period of poor pay
		practices.
	1.7	Elect Director C. Richard Kramlich ---
		For
		Comp committee member during period of poor pay
		practices.
	1.8	Elect Director Lata Krishnan --- For
	1.9	Elect Director James R. Porter ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.10	Elect Director Michaela K. Rodeno ---
		Withhold
		Comp committee member during period of poor pay
		practices.
Mgmt Rec - Company Management Recommended Vote								Page 139

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.11	Elect Director Ken P. Wilcox --- For
	1.12	Elect Director Kyung H. Yoon ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officer's Compensation
		NEO change-in-control with tax gross-ups;
		severance 3X annual base, bonus.
04/14/09 - A	Sybase, Inc. *SY*		871130100			02/27/09		1,121
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director John S. Chen --- For
	1.2	Elect Director Richard C. Alberding ---
		Withhold
		Comp committee member responsible for single
		trigger change-in-control contracts with tax gross-
		ups.
	1.3	Elect Director Michael A. Daniels ---
		Withhold
		Comp committee member responsible for single
		trigger change-in-control contracts with tax gross-
		ups.
	1.4	Elect Director Alan B. Salisbury ---
		Withhold
		Comp committee member responsible for single
		trigger change-in-control contracts with tax gross-
		ups.
	1.5	Elect Director Jack E. Sum --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
04/08/09 - A	T. Rowe Price Group, Inc.		74144T108			02/06/09		2,897
	*TROW*
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Edward C. Bernard ---
		For
	1.2	Elect Director James T. Brady --- For
	1.3	Elect Director J. Alfred Broaddus, Jr. ---
		For
	1.4	Elect Director Donald B. Hebb, Jr. ---
Mgmt Rec - Company Management Recommended Vote								Page 140

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		For
	1.5	Elect Director James A.C. Kennedy ---
		For
	1.6	Elect Director Brian C. Rogers --- For
	1.7	Elect Director Alfred Sommer --- For
	1.8	Elect Director Dwight S. Taylor --- For
	1.9	Elect Director Anne Marie Whittemore -
		-- For
	2	Ratify Auditors		For	For		Mgmt
06/25/09 - A	Takeda Pharmaceutical Co.		J8129E108			03/31/09		1,078
	Ltd. *4502*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 92
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and
		the strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	4.2	Appoint Statutory Auditor		For	For		Mgmt
	5	Approve Annual Bonus Payment to		For	For		Mgmt
		Directors
05/28/09 -	Target Corporation *TGT*		87612E106			03/30/09		1,818
PC
		Management Proxy (White Card)
	1	Fix Number of Directors at 12		For	None		Mgmt
	2	Elect Director Mary N. Dillon		For	None		Mgmt
	3	Elect Director Richard M. Kovacevich		For	None		Mgmt
	4	Elect Director George W. Tamke		For	None		Mgmt
	5	Elect Director Solomon D. Trujillo		For	None		Mgmt
	6	Ratify Auditors		For	None		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 141

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	7	Amend Omnibus Stock Plan		For	None		Mgmt
	8	Advisory Vote to Ratify Named		Against	None		ShrHoldr
		Executive Officers' Compensation
		Dissident Proxy (Gold Card)
	1	Fix Number of Directors at 12		Against	For		Mgmt
		Increases likelihood that Jim Donald will be the one
		dissident nominee elected to the board.
	2.1	Elect Director William A. Ackman		For	Withhold		ShrHoldr
	2.2	Elect Director Michael L. Ashner		For	Withhold		ShrHoldr
	2.3	Elect Director James L. Donald		For	For		ShrHoldr
		Per TBCAM analyst: I think he would be a great
		addition due to previous supermarket experience. As
		TGT tries to grow its grocery business from the
		current 15-20% he would be instrumental in
		developing assortments and new distribution
		networks for the additional perishable products.
	2.4	Elect Director Richard W. Vague		For	Withhold		ShrHoldr
	3	Elect Director Ronald J. Gilson		For	Against		ShrHoldr
		WITHHOLD from this nominee cannot be processed
		by Broadridge per Meghan Orifici 5/26/09.
	4	Ratify Auditors		For	For		Mgmt
	5	Amend Omnibus Stock Plan		For	For		Mgmt
	6	Advisory Vote to Ratify Named		Abstain	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
05/19/09 - A	Texas Capital Bancshares		88224Q107			03/31/09		1,748
	Inc *TCBI*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Directors George F. Jones, Jr. ---
		For
	1.2	Elect Directors Peter B. Bartholow ---
		For
	1.3	Elect Directors Joseph M. (Jody) Grant
		--- For
	1.4	Elect Directors Frederick B. Hegi, Jr. ---
		Withhold
		Comp committee member during period of poor pay
		praxtices; NEO change-in-control with tax gross-ups;
		unusually long and complex comp arrangesment for
		former CEO with demontration of benefit to company
		or shareholders.
	1.5	Elect Directors Larry L. Helm --- For
	1.6	Elect Directors James R. Holland, Jr. ---
		For
	1.7	Elect Directors W. W. McAllister III ---
Mgmt Rec - Company Management Recommended Vote								Page 142

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		For
	1.8	Elect Directors Lee Roy Mitchell ---
		Withhold
		Comp committee member during period of poor pay
		praxtices; NEO change-in-control with tax gross-ups;
		unusually long and complex comp arrangesment for
		former CEO with demontration of benefit to company
		or shareholders.
	1.9	Elect Directors Steven P. Rosenberg ---
		Withhold
		Comp committee member during period of poor pay
		praxtices; NEO change-in-control with tax gross-ups;
		unusually long and complex comp arrangesment for
		former CEO with demontration of benefit to company
		or shareholders.
	1.10	Elect Directors Robert W. Stallings ---
		For
	1.11	Elect Directors Ian J. Turpin --- For
	2	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		NEO change-in-control with tax gross-ups; unusually
		long and complex comp arrangesment for former
		CEO with demontration of benefit to company or
		shareholders.
04/14/09 - A	The Bank Of New York		064058100			02/13/09		2,893
	Mellon Corp. *BK*
	1	Elect Directors		For	For		Mgmt
	2	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
	3	Ratify Auditors		For	For		Mgmt
	4	Provide for Cumulative Voting		Against	For		ShrHoldr
	5	Stock Retention/Holding Period		Against	For		ShrHoldr
04/27/09 - A	The Boeing Co. *BA*		097023105			02/27/09		1,712
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	Against		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Provide for Cumulative Voting		Against	Against		ShrHoldr
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior proposals supported by PPC.
	6	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Mgmt responded meaningfully; no evidence of non-
		compliance with current law or that proposal will
Mgmt Rec - Company Management Recommended Vote								Page 143

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		result in improved shareholder returns.
	7	Report on Foreign Military Sales		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence of non-
		compliance with current law or that proposal will
		result in improved shareholder returns.
	8	Require Independent Lead Director		Against	Against		ShrHoldr
		Lead director in place.
	9	Restrict Severance Agreements		Against	Against		ShrHoldr
		(Change-in-Control)
	10	Report on Political Contributions		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence of non-
		compliance with current law or that proposal will
		result in improved shareholder returns.
05/14/09 - A	The Charles Schwab Corp.		808513105			03/16/09		2,420
	*SCHW*
	1	Elect Directors		For	For		Mgmt
	2	Report on Political Contributions		Against	Against		ShrHoldr
		Board member when poison pill was adopted without
		shareholder vote (no qualified offer clause or sunset
		provision).
	3	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
		Management responded meaningfully; no evidence
		that proposal will accomplish appropriate executive
		compensation controls with industory parameters or
		will improce shareholder returns.
	4	Amend Corporate Executive Bonus		Against	Against		ShrHoldr
		Plan
		Management responded meaningfully; no evidence
		that proposal will accomplish appropriate executive
		compensation controls with industory parameters or
		will improce shareholder returns.
04/22/09 - A	The Coca-Cola Company		191216100			02/23/09		5,299
	*KO*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Herbert A. Allen --- For
	1.2	Elect Director Ronald W. Allen ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
Mgmt Rec - Company Management Recommended Vote								Page 144

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.3	Elect Director Cathleen P. Black ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.4	Elect Director Barry Diller --- For
	1.5	Elect Director Alexis M. Herman ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.6	Elect Director Muhtar Kent --- For
	1.7	Elect Director Donald R. Keough --- For
	1.8	Elect Director Maria Elena Lagomsino -
		-- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.9	Elect Director Donald F. McHenry ---
		For
	1.10	Elect Director Sam Nunn --- For
	1.11	Elect Director James D. Robinson III ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.12	Elect Director Peter V. Ueberroth ---
		For
	1.13	Elect Director Jacob Wallenberg ---
		Against
		Sits on 6 public boards.
	1.14	Elect Director James B. Williams --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Same non-binding advisory proposal previously
		supported by PPC.
	4	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	5	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
		Committee on Human Rights
		Mgmt responded meaningfully; no evidence that
		company is not in compliance with current law or that
		proposal would improve shareholder returns or
		management’s record on covered issues.
	6	Performance-Based Awards		Against	Against		ShrHoldr
		Company already substantially performing as
		proposal requests.
Mgmt Rec - Company Management Recommended Vote								Page 145

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/02/09 - A	The DirecTV Group, Inc		25459L106			04/03/09		2,463
	*DTV*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	4	Declassify the Board of Directors		Against	For		ShrHoldr
05/14/09 - A	The Dow Chemical Company		260543103			03/16/09		2,268
	*DOW*
	1	Elect Director Arnold A. Allemang		For	For		Mgmt
	2	Elect Director Jacqueline K. Barton		For	For		Mgmt
	3	Elect Director James A. Bell		For	For		Mgmt
	4	Elect Director Jeff M. Fettig		For	For		Mgmt
	5	Elect Director Barbara H. Franklin		For	For		Mgmt
	6	Elect Director John B. Hess		For	For		Mgmt
	7	Elect Director Andrew N. Liveris		For	For		Mgmt
	8	Elect Director Geoffery E. Merszei		For	For		Mgmt
	9	Elect Director Dennis H. Reilley		For	For		Mgmt
	10	Elect Director James M. Ringler		For	Against		Mgmt
		Sits on 6 boards.
	11	Elect Director Ruth G. Shaw		For	For		Mgmt
	12	Elect Director Paul G. Stern		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Restore or Provide for Cumulative		Against	Against		ShrHoldr
		Voting
	15	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholders currentaly have right to call special
		meeting (50%)
	16	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Overly restictive and not the best way to bring about
		appropriate executive compensation controls.
	17	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	18	Report on Environmental Remediation		Against	Against		ShrHoldr
		in Midland Area
		Management responded meaningfully; company
		appears to be dealing with environmental issues with
		the legal, scientific and technical means available;
		ample publis disclosure is avaiable; waters are pretty
		muddy in this evolving area of law and practice.
Mgmt Rec - Company Management Recommended Vote								Page 146

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/08/09 - A	The Goldman Sachs Group,		38141G104			03/09/09		858
	Inc. *GS*
	1	Elect Director Lloyd C. Blankfein		For	For		Mgmt
	2	Elect Director John H. Bryan		For	For		Mgmt
	3	Elect Director Gary D. Cohn		For	For		Mgmt
	4	Elect Director Claes Dahlback		For	For		Mgmt
	5	Elect Director Stephen Friedman		For	For		Mgmt
	6	Elect Director William W. George		For	For		Mgmt
	7	Elect Director Rajat K. Gupta		For	Against		Mgmt
		Sits on 6 public boards and 12 non-public boards.
	8	Elect Director James A. Johnson		For	For		Mgmt
	9	Elect Director Lois D. Juliber		For	For		Mgmt
	10	Elect Director Lakshmi N. Mittal		For	For		Mgmt
	11	Elect Director James J. Schiro		For	For		Mgmt
	12	Elect Director Ruth J. Simmons		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices; Shareholder
		Returns 1 yr% 3 yr% 5 yr%: Company -64.82 -14.40
		-3.01, S&P 500 -36.99 -8.36 -2.19, GICS peers -
		52.27 -20.28 -8.50; CEO Total Comp $53.5 mil
		‘08, $59.8 ‘07, Median Peer $22.6
		‘08.
	15	Provide for Cumulative Voting		Against	Against		ShrHoldr
		Standing policy.
	16	Reduce Supermajority Vote		Against	For		ShrHoldr
		Requirement
		Standing policy.
	17	Amend By-Laws to Establish Board		Against	Against		ShrHoldr
		U.S. Economic Security Committee
		Overreaching, binding shareholder proposal lacking
		in evidence that it will improve shareholder returns or
		is the appropriate vehicle to accomplish proponents
		objectives.
	18	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/03/09 - A	The Royal Bank of Scotland		G76891111			None		11,103
	Group plc
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Abstain		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 147

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
	Conclusion and Vote Recommendation In
	arriving at their voting decision, shareholders should
	take note of the Company’s remuneration
	practices during the year, including the award of
	significant salary increases, the use of vesting scales
	that rise above the size of the initial award, one-off
	on-appointment awards without performance criteria,
	and the use of actuarial waivers under the
	Company’s pension scheme in line with
	their contractual obligation. It is also noted that
	much of the disgressions in terms of remuneration
	good practice lie in the past with the involved
	directors having stepped down from the Board,
	including the former Chairman of the Remuneration
	Committee. Shareholders should also take into
	account the Company’s remuneration policy
	going forward, which is generally in line with best
	practice guidelines - albeit no doubt in great part due
	to HM Treasury’s influence. There have
	been a number of positive steps made in respect of
	better alignment of the Company’s
	remuneration policy with current good practice,
	including: - No bonus awards for Executive
	Directors for the 2008 financial year; - No basic
	salary increase in 2009; - Annual incentives for
	2009 will be deferred for up to three years with
	potential clawback; - No further payments will be
	made under the Profit Sharing Scheme for 2009
	onwards; - Long-term incentive awards will be
	made at lower levels compared to 2008; - The
	provision for an undiscounted pension on early
	retirement at employer request will not apply to any
	Executive Director appointed in the
	future. However, given the Company’s
	recent performance - resulting in its ultimate need for
	Government funding - shareholders may be reticent
	to approve the Company’s past
	remuneration practices, despite the marked
	improvements made since the UKFI’s
	involvement. As identified above, there also remain
	some on-going elements of remuneration practices
	which may be considered negative and which will
	continued to be monitored closely. Given this
	combination of factors, shareholders are
	recommended to abstain on the approval of the
	remuneration report at this time, although support
	may be appropriate in future years (given current
	information). For those shareholders who have a
	fiduciary responsibility to vote either in favour or
	against and who do not recognise an abstention as
	valid option, we recommend that they approve this
Mgmt Rec - Company Management Recommended Vote							Page 148

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		resolution.
	3	Elect Philip Hampton as Director		For	For		Mgmt
	4	Elect Stephen Hester as Director		For	For		Mgmt
	5	Elect John McFarlane as Director		For	For		Mgmt
	6	Elect Arthur Ryan as Director		For	For		Mgmt
	7	Reappoint Deloitte LLP as Auditors of		For	For		Mgmt
		the Company
	8	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	9	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital by GBP
		7,500,000,000
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 3,288,000,408 (Rights
		Issue); Otherwise up to GBP
		3,288,000,408
	11	Subject to the Passing of the Preceding		For	For		Mgmt
		Resolution, Authorise Issue of Equity or
		Equity-Linked Securities without Pre-
		emptive Rights up to Aggregate
		Nominal Amount of GBP 493,200,061
	12	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
04/03/09 - S	The Royal Bank of Scotland		G76891111			None		11,103
	Group plc
	1	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital by
		16,909,716,385 New Ordinary Shares
		of 25 Pence Each; Authorise Issue of
		Equity with Pre-emptive Rights up to
		GBP 4,227,429,096.25 (Placing and
		Open Offer)
	2	Approve the Placing and Open Offer;		For	For		Mgmt
		Approve the Preference Share
		Redemption
	3	Amend Articles of Association Re:		For	For		Mgmt
		Preference Share Redemption
	4	Subject to and Conditional Upon the		For	For		Mgmt
		Passing of Resolution 1, Authorise
		Issue of Equity or Equity-Linked
		Securities without Pre-emptive Rights
		up to Aggregate Nominal Amount of
		GBP 4,227,429,096.25 (Placing and
		Open Offer)
Mgmt Rec - Company Management Recommended Vote								Page 149

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/13/09 - A	The Western Union Company		959802109			03/16/09		1,837
	*WU*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	Thermo Fisher Scientific Inc.		883556102			03/27/09		933
	*TMO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/08/09 - A	TIBCO Software, Inc. *TIBX*		88632Q103			02/09/09		823
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Vivek Y. Ranadive --- For
	1.2	Elect Director Eric C.W. Dunn --- For
	1.3	Elect Director Narendra K. Gupta ---
		For
	1.4	Elect Director Peter J. Job --- For
	1.5	Elect Director Philip K. Wood --- For
	2.	Ratify Auditors		For	For		Mgmt
06/03/09 - A	Time Warner Cable Inc.		88732J207			04/08/09		678
	*TWC*
	1	Elect Director Carole Black		For	For		Mgmt
	2	Elect Director Glenn A. Britt		For	For		Mgmt
	3	Elect Director Thomas H. Castro		For	For		Mgmt
	4	Elect Director David C. Chang		For	For		Mgmt
	5	Elect Director James E. Copeland, Jr.		For	For		Mgmt
	6	Elect Director Peter R. Haje		For	For		Mgmt
	7	Elect Director Donna A. James		For	For		Mgmt
	8	Elect Director Don Logan		For	For		Mgmt
	9	Elect Director N.J. Nicholas, Jr.		For	For		Mgmt
	10	Elect Director Wayne H. Pace		For	For		Mgmt
	11	Elect Director Edward D. Shirley		For	For		Mgmt
	12	Elect Director John E. Sununu		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
05/28/09 - A	Time Warner Inc *TWX*		887317303			04/03/09		2,702
	1	Elect Directors		For	Split		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 150

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.1	Elect Director Herbert M. Allison, Jr. ---
		For
	1.2	Elect Director James L. Barksdale ---
		For
	1.3	Elect Director Jeffrey L. Bewkes --- For
	1.4	Elect Director Stephen F. Bollenbach --
		- For
	1.5	Elect Director Frank J. Caufield ---
		Against
		Comp committee member during period of poor pay
		practices. Excessing perks for retired CEO.
	1.6	Elect Director Robert C. Clark --- For
	1.7	Elect Director Mathias Dopfner ---
		Against
		Comp committee member during period of poor pay
		practices. Excessing perks for retired CEO.
	1.8	Elect Director Jessica P. Einhorn --- For
	1.9	Elect Director Michael A. Miles ---
		Against
		Comp committee member during period of poor pay
		practices. Excessing perks for retired CEO.
	1.10	Elect Director Kenneth J. Novack ---
		For
	1.11	Elect Director Deborah C. Wright ---
		Against
		Comp committee member during period of poor pay
		practices. Excessing perks for retired CEO.
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Provide for Cumulative Voting		Against	Against		ShrHoldr
	5	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholder currently have right to call special
		meeting (25%).
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
06/24/09 - A	Toshiba Corp. *6502*		J89752117			03/31/09		4,000
		Management Proposals
	1	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	2	Elect Directors		For	Split		Mgmt
	2.1	Elect Director Atsutoshi Nishida --- For
	2.2	Elect Director Masashi Muromachi ---
		For
Mgmt Rec - Company Management Recommended Vote								Page 151

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2.3	Elect Director Norio Sasaki --- For
	2.4	Elect Director Fumio Muraoka --- For
	2.5	Elect Director Masao Namiki --- For
	2.6	Elect Director Kazuo Tanigawa --- For
	2.7	Elect Director Shigeo Koguchi --- For
	2.8	Elect Director Kiichiro Furusawa ---
		Against
	2.9	Elect Director Hiroshi Hirabayashi ---
		For
	2.10	Elect Director Takeshi Sasaki --- For
	2.11	Elect Director Ichiro Tai --- For
	2.12	Elect Director Yoshihiro Maeda --- For
	2.13	Elect Director Hiroshi Horioka --- For
	2.14	Elect Director Takeo Kosugi --- For
	3	Approve Takeover Defense Plan		For	Against		Mgmt
		(Poison Pill)
		The most effective defense against a hostile takeover
		is always for a company to increase its valuation.
		Because we believe that voting down the takeover
		defense will help to keep up pressure on Toshiba
		management to continue to increase value, we
		recommend a vote against this resolution.
		Shareholder Proposals
	4	Amend Articles to Incorporate an Essay		Against	Against		ShrHoldr
		Calling for Greater Disclosure on Past
		Incidents
		This is apparently a case of a whistleblower who
		feels he was mistreated by the company, and is
		determined to pursue his personal dispute with the
		company as far as possible. The statement, which is
		more an accusatory essay than a statement of policy
		appropriate to articles of association, appears to us
		an abuse of shareholder rights to create a soapbox
		from which to harass management in the context of
		an obviously emotional dispute. We do not believe
		that turning the annual shareholder meeting into a
		forum for the airing of grievances will benefit portfolio
		investors in the company. Moreover, we regard
		disclosure judgments in specific matters such as
		those referenced here as appropriate to be
		determined by management with board oversight,
		until and unless clearer evidence emerges that
		management or the board is not acting in the best
		interests of shareholders. We recommend a vote
		against this proposal.
	5	Amend Articles to Deem Non-Votes as		Against	Against		ShrHoldr
		Votes AGAINST Meeting Agenda Items
		Because the proponent's proposed change would
Mgmt Rec - Company Management Recommended Vote								Page 152

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		replace one tallying distortion with another, we
		cannot support this item.
	6	Amend Articles to Require Disclosure		Against	Against		ShrHoldr
		of Punitive Action Against Directors and
		Officers
		While this item starts with a clearer initial expression
		of the proposed change than the rambling essay in
		Item 4, the total statement develops into an essay
		quite similar to the one proposed in Item 4. The
		lengthy statement appears to us an abuse of
		shareholder rights to create a soapbox from which to
		harass management in the context of an obviously
		emotional dispute. We do not believe that turning the
		annual shareholder meeting into a forum for the
		airing of grievances will benefit portfolio investors in
		the company. Moreover, we regard disclosure
		judgments in specific matters such as those
		referenced here as appropriate to be determined by
		management with board oversight, until and unless
		clearer evidence emerges that management or the
		board is not acting in the best interests of
		shareholders. We recommend a vote against this
		proposal.
	7	Amend Articles to Require Disclosure		Against	Against		ShrHoldr
		of Truth Behind Fraudulent Billing of
		NEDO
		The proponent has not provided sufficient evidence
		for shareholders to suspect ongoing fraud, or the
		coverup of the sort of systematic or organized
		embezzlement that would seriously call into question
		the board's fitness to oversee the company. The
		matter does not appear serious enough, or to have
		enough continuing relevance, to justify the disclosure
		sought. We recommend a vote against this
		amendment.
	8	Amend Articles to Require Disclosure		Against	Against		ShrHoldr
		of Individual Historical Compensation
		for Directors and Officers
		We recommend votes against this amendment.
	9	Amend Articles to Require Disclosure		Against	Against		ShrHoldr
		of Individual Historical Compensation
		for Outside Advisors
		It is inherently hard for RMG or for shareholders
		generally to judge whether Toshiba is abusing
		advisor contracts to provide an improper retirement
		benefit, but we are inclined to trust the board to raise
		such issues on shareholders behalf, until and unless
		clear evidence emerges of dereliction. Toshiba is one
		of a minority of firms whose board includes
Mgmt Rec - Company Management Recommended Vote								Page 153

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		nomination, audit and compensation committees
		each with a non-executive majority. The
		compensation committee and arguably the audit
		committee have responsibility for this sort of
		oversight, and we do not see evidence that they are
		not attentive to this concern. Also, as in the
		preceding item, we are leery of reporting
		requirements that risk effectively subjecting such
		detailed decisions improperly to shareholder
		referendum. RMG recommends opposing this item.
	10	Amend Articles to Require Disclosure		Against	Against		ShrHoldr
		Concerning Former Public Officials
		Employed by Toshiba
		It is common for large Japanese companies,
		especially financial institutions and companies
		involved in public works contracting, to employ
		former officials of the national government and local
		governments in an advisory capacity, or even to
		incorporate them into senior management. The
		practice is known as "amakudari" (literally "descent
		from heaven"). While the practice has been criticized
		for fostering lax regulation, it would be an
		exaggeration to say that such employment is always
		problematic. The proponent does not claim that the
		hiring of former officials was the cause of the
		overbilling incident discussed above (e.g. Item 4) or
		tie it to other specific instances of malfeasance. We
		do not believe that an article amendment mandating
		disclosure of amakudari going back an indefinite
		number years would enhance shareholder value at
		Toshiba going forward.
	11	Amend Articles to Create a Committee		Against	Against		ShrHoldr
		to Investigate and Prevent Recurrence
		of Wrongdoing
		The proponent has not provided sufficient evidence
		to suspect ongoing fraud, or the coverup of the sort
		of systematic or organized embezzlement that would
		seriously call into question the board's fitness to
		oversee the company. The allegations do not appear
		serious enough, or to have enough continuing
		relevance, to justify setting up a committee that
		would be charged with revisiting business that the
		board claims it has addressed and continues to
		monitor in an appropriate manner. We recommend a
		vote against this item.
	12	Amend Articles to Ban Investment in		Against	Against		ShrHoldr
		Semiconductor Manufacturing
		While Toshiba is certainly facing a tough market
		environment with sector-wide weak demand, the
		proponent has not provided sufficient evidence that
Mgmt Rec - Company Management Recommended Vote								Page 154

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		the board cannot be trusted to oversee
		management's strategic decisions. Moreover, even if
		we were convinced that the board was not competent
		in this area, the solution would lie in changes to the
		board rather than inflexible rules such as the one
		proposed here. We recommend a vote against this
		item.
	13	Amend Articles to Pay Temporary		Against	Against		ShrHoldr
		Workers No Less than Employees
		Pay levels for temporary workers are typically lower
		than for permanent employees for various reasons,
		in Japan as elsewhere, including the fact that
		temporary workers typically lack the experience and
		familiarity with the job offered by permanent
		employees. The proponent does not argue that the
		firm has violated any laws or regulations in hiring
		temporary workers, and we do not agree that their
		use at a lower pay rate than permanent employees is
		inherently unethical or exploitative. On the contrary,
		paying much more than the locally prevailing rate for
		temporary workers would both waste shareholder
		resources and pose challenges of how to choose
		among temp agencies or individual applicants who
		would clamor for temporary assignments, especially
		in the current economic environment. To the extent
		that poor pay and benefits for temporary workers are
		seen as a societal problem in Japan, the issues
		would seem to be more appropriately addressed by
		the Ministry of Health, Labor and Welfare than by any
		particular corporation.
05/15/09 -	Total SA		F92124100			05/12/09		3,009
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 2.28 per Share
	4	Approve Special Auditors' Report		For	For		Mgmt
		Presenting Ongoing Related-Party
		Transactions
	5	Approve Transaction with Thierry		For	For		Mgmt
		Desmarest
	6	Approve Transaction with Christophe		For	Against		Mgmt
		de Margerie
		Of the three criteria, only two need be achieved for
		de Margerie to receive the payment proposed under
Mgmt Rec - Company Management Recommended Vote								Page 155

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		this item. The two performance conditions which
		have been met this year, and have been easily
		achieved by de Margerie over each of the last two
		years, are not sufficiently challenging. Because of the
		lack of challenging performance criteria, this item
		does not merit approval.
	7	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	8	Reelect Anne Lauvergeon as Director		For	Against		Mgmt
		For this market, if the proposed board does not
		consist of a majority of independent directors, the
		election or reelection of any non-independent director
		(except the CEO) is not warranted. At Total, if
		all the elections proposed at this general meeting
		were approved, only 47 percent of the board of
		directors would be independent. Therefore, the
		elections of the non-independent directors, Anne
		Lauvergeon, Daniel Bouton, and Michel Pebereau,
		do not merit approval. However, the elections of
		independent directors, Bertrand Collomb and Patrick
		Artus, as well as the CEO, Christophe de Margerie,
		warrant support. Michel Pebereau is considered
		an executive of BNP Paribas, as he was entitled to
		receive a salary, a bonus, and share-based plan
		awards in line with highest paid executives of the
		company in fiscal year 2008 (Source: BNP Paribas
		2008 Annual Report, p.237). Moreover, he serves on
		the board of six other listed companies, namely: BNP
		Paribas, Lafarge, Saint Gobain, EADS, Pargesa
		Holding, EADS, and AXA. Hence, as he is an
		executive corporate officer who holds more than
		three directorships in listed companies outside the
		group, Pebreau's reelection does not warrant
		support.
	9	Reelect Daniel Bouton as Director		For	Against		Mgmt
	10	Reelect Bertrand Collomb as Director		For	For		Mgmt
	11	Reelect Christophe de Margerie as		For	For		Mgmt
		Director
	12	Reelect Michel Pebereau as Director		For	Against		Mgmt
	13	Electe Patrick Artus as Director		For	For		Mgmt
		Special Business
	14	Amend Article 12 of Bylaws Re: Age		For	For		Mgmt
		Limit for Chairman
		Shareholder Proposals
	A	Amend Article 19 of Bylaws Re:		Against	Against		ShrHoldr
		Disclosure of Individual Stock Plans
		As this proposal would not provide a higher level of
		disclosure with regard to the grant of stock options
		and free shares to corporate officers, this resolution
		warrants opposition.
Mgmt Rec - Company Management Recommended Vote								Page 156

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	B	Amend Article 11 of Bylaws Re:		Against	Against		ShrHoldr
		Nomination of Employees Shareholders
		Representative to the Board of
		Directors
		RMG Conclusion As this amendment would
		provide a restrictive process to designate candidates
		for the position of employee shareholders board
		representative and because the positive aspects of
		this process could not be clearly determined, this
		proposal warrants opposition.
	C	Approve Restricted Stock Plan to All		Against	Against		ShrHoldr
		Employees
		Given the absence of information on performance
		criteria, this proposal warrants opposition.
06/23/09 - A	Toyota Motor Corp. *7203*		J92676113			03/31/09		3,254
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 35
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Authorize Public
		Announcements in Electronic Format
	3	Elect Directors		For	For		Mgmt
	4	Approve Stock Option Plan		For	For		Mgmt
05/13/09 - A	Tupperware Brands Corp.		899896104			03/16/09		759
	*TUP*
	1	Elect Director Kriss Cloninger III		For	For		Mgmt
	2	Elect Director Joe R. Lee		For	For		Mgmt
	3	Elect Director Bob Marbut		For	For		Mgmt
	4	Elect Director David R. Parker		For	For		Mgmt
	5	Elect Director J. Patrick Spainhour		For	For		Mgmt
	6	Ratify Auditors		For	For		Mgmt
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
06/04/09 - A	TW Telecom, Inc. *TWTC*		87311L104			04/06/09		2,216
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Gregory J. Attorri --- For
	1.2	Elect Director Spencer B. Hays --- For
	1.3	Elect Director Larissa L. Herda --- For
	1.4	Elect Director Kevin W. Mooney ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO single trigger change-in-control.
	1.5	Elect Director Kirby G. Pickle ---
		Withhold
Mgmt Rec - Company Management Recommended Vote								Page 157

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Comp committee member during period of poor pay
		practices. CEO single trigger change-in-control.
	1.6	Elect Director Roscoe C. Young, II ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO single trigger change-in-control.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Adopt Shareholder Rights Plan (Poison		For	For		Mgmt
		Pill)
		NOL pill to preserve carry-over value in $1.1 bil in
		pre-tax losses. The NOLs will begin to expire at
		various times beginning in 2019 and ending in 2026.
		On a comparative level, as of Feb. 28, 2009, the
		company s market capitalization was approximately
		$1.2 billion
	5	Advisory Vote to Ratify Director's and		Against	For		ShrHoldr
		Officer's Compensation
06/22/09 - A	Tyco Electronics Ltd. *TEL*		G9144P105			04/03/09		1,131
	1	Elect Directors		For	For		Mgmt
	2	Approve Amended and Restated Tyco		For	For		Mgmt
		Electronics Ltd. 2007 Stock and
		Incentive Plan
	3	Approve Deloitte & Touche LLP as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
06/22/09 - S	Tyco Electronics Ltd. *TEL*		G9144P105			04/06/09		1,131
	1	Change Country of Incorporation from		For	For		Mgmt
		Bermuda to Switzerland
	2	Amend Bye-laws Re: Eliminate Certain		For	For		Mgmt
		Supermajority Vote Requirements
	3	Amend Bye-laws Re: Increase		For	For		Mgmt
		Registered Share Capital
	4	Approve Dividend of USD 0.16 Per		For	For		Mgmt
		Share Through a Reduction in Share
		Capital
	5	Approve Swiss Law as the Authoritative		For	For		Mgmt
		Governing Legislation
	6	Change Company Name to Tyco		For	For		Mgmt
		Electronics Ltd.
	7	Amend Corporate Purpose		For	For		Mgmt
	8	Adopt New Articles of Association		For	For		Mgmt
	9	Approve Schaffhausen, Switzerland as		For	For		Mgmt
		Principal Place of Business
	10	Appoint PricewaterhouseCoopers AG,		For	For		Mgmt
		Zurich as Special Auditor
Mgmt Rec - Company Management Recommended Vote								Page 158

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	11	Ratify Deloitte AG as Auditors		For	For		Mgmt
	12	Approve Additional Provisions to the		For	Against		Mgmt
		Articles of Association Re: Limit the
		Number of Shares that may be
		Registered
	13	Approve Additional Provisions to the		For	Against		Mgmt
		Articles of Association Re:
		Supermajority Vote and Amendment to
		the Provisions in Proposal 12
	14	Adjourn Meeting		For	For		Mgmt
04/21/09 - A	U.S. Bancorp *USB*		902973304			02/23/09		3,950
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Douglas M. Baker, Jr. ---
		For
	1.2	Elect Director Y. Marc Belton --- For
	1.3	Elect Director Richard K. Davis --- For
	1.4	Elect Director Joel W. Johnson --- For
	1.5	Elect Director David O'Maley --- For
	1.6	Elect Director O'dell M. Owens --- For
	1.7	Elect Director Craig D. Schnuck --- For
	1.8	Elect Director Patrick T. Stokes ---
		Against
		Comp committee member during period poor pay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		NEO CIC with tax gross-ups.
04/21/09 - A	UMB Financial Corp. *UMBF* 902788108					02/27/09		454
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		Against	For		ShrHoldr
04/29/09 -	UniCredit SpA (formerly		T95132105			04/23/09		14,270
A/S	Unicredito Italiano SpA)
		Ordinary Business
	1	Accept Financial Statements,		For	For		Mgmt
		Consolidated Financial Statements,
		and Statutory Reports
		In this case, the company has not yet disclosed a
		draft version of the annual report. Due to the lack of
		disclosure provided by the company, investors
		should consider whether an abstain vote, on Item 1,
Mgmt Rec - Company Management Recommended Vote								Page 159

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		is warranted to register discontent with the company.
		However, fiduciary voting obligations that apply,
		particularly for U.S.-based institutional investors, may
		preclude abstentions and require either a vote in
		support or against a voting resolution. Therefore, this
		resolution warrantsqualified support, as the issue is
		routine and typically unproblematic.
	2	Approve Allocation of Income		For	For		Mgmt
		Elect Directors - Vote Only One of
		the Following Slates
	3.1	Slate 1 - Submitted by Three		None	DoNotVote		Mgmt
		Foundation
		Each shareholder is allowed to vote one single list of
		candidates. Despite the strong profile of the
		candidates on this list, as slates under Item 3.2 has
		been presented by institutional investors and the
		candidates have a strong independent profile.
		Therefore, this item does not warrant support.
	3.2	Slate 2- Submitted by Institutional		None	For		Mgmt
		Investors
	4	Approve Remuneration of Directors and		For	For		Mgmt
		Committees Members
	5	Deliberations Pursuant to Article 2390		For	For		Mgmt
		of Civil Code Re: Decisions Inherent to
		Authorization of Board Members To
		Assume Positions In Competing
		Companies
	6	Approve Remuneration Policy		For	For		Mgmt
	7	Approve Stock Ownership Plan for the		For	For		Mgmt
		Employees of the Company
		Special Business
	1	Authorize Capital Increase with		For	For		Mgmt
		Preemptive Rights, Through the
		Capitalization of Reserves
	2	Amend Articles 5, 8, 23, and 30 of		For	For		Mgmt
		Company's Bylaws
		.
05/14/09 - A	Unilever N.V.		N8981F271			04/23/09		2,231
		Annual Meeting
	1	Receive Report of Management Board		None	None		Mgmt
		(Non-Voting)
	2	Approve Financial Statements and		For	For		Mgmt
		Allocation of Income
	3	Approve Discharge of Executive		For	For		Mgmt
		Directors
	4	Approve Discharge of Non-Executive		For	For		Mgmt
		Directors
	5	Elect L.A. Lawrence as Executive		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 160

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Director
	6	Elect P.G.J.M. Polman as Executive		For	For		Mgmt
		Director
	7	Reelect L. Brittan of Spennithorne as		For	For		Mgmt
		Non-Executive Director
	8	Reelect W. Dik as Non-Executive		For	For		Mgmt
		Director
	9	Reelect C.E. Golden as Non-Executive		For	For		Mgmt
		Director
	10	Reelect B.E. Grote as Non-Executive		For	For		Mgmt
		Director
	11	Reelect N. Murthy as Non-Executive		For	For		Mgmt
		Director
	12	Reelect H. Nyasulu as Non-Executive		For	For		Mgmt
		Director
	13	Reelect K.J. Storm as Non-Executive		For	For		Mgmt
		Director
	14	Reelect M. Treschow as Non-Executive		For	For		Mgmt
		Director
	15	Reelect J. van der Veer as Non-		For	For		Mgmt
		Executive Director
	16	Elect L.O. Fresco as Non-Executive		For	For		Mgmt
		Director
	17	Elect A.M. Fudge as Non-Executive		For	For		Mgmt
		Director
	18	Elect P. Walsh as Non-Executive		For	For		Mgmt
		Director
	19	Ratify PwC as Auditors		For	For		Mgmt
	20	Grant Board Authority to Issue Shares		For	For		Mgmt
		Up To 10 Percent of Issued Capital
		Plus Additional 10 Percent in Case of
		Takeover/Merger and
		Restricting/Excluding Preemptive
		Rights
	21	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	22	Approve Reduction in Share Capital by		For	For		Mgmt
		Cancellation of Shares
		Voting Item for Holders of Ordinary
		Shares or Depository Receipts
		Irrespective of Class of Shares Held
	23a	Amend Articles Re: Move to Quarterly		For	For		Mgmt
		Dividends
		Voting Item for Holders of Ordinary
		Shares or Depository Receipts Only
	23b	Amend Articles Re: Move to Quarterly		For	For		Mgmt
		Dividends
	24	Allow Questions		None	None		Mgmt
05/13/09 - A	Unilever plc		G92087165			None		1,749
	1	Accept Financial Statements and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 161

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 40.19 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect James Lawrence as Director		For	For		Mgmt
	5	Re-elect Paul Polman as Director		For	For		Mgmt
	6	Re-elect The Lord Brittan of		For	For		Mgmt
		Spennithorne as Director
	7	Re-elect Wim Dik as Director		For	For		Mgmt
	8	Re-elect Charles Golden as Director		For	For		Mgmt
	9	Re-elect Byron Grote as Director		For	For		Mgmt
	10	Re-elect Narayana Murthy as Director		For	For		Mgmt
	11	Re-elect Hixonia Nyasulu as Director		For	For		Mgmt
	12	Re-elect Kees Storm as Director		For	For		Mgmt
	13	Re-elect Michael Treschow as Director		For	For		Mgmt
	14	Re-elect Jeroen van der Veer as		For	For		Mgmt
		Director
	15	Elect Louise Fresco as Director		For	For		Mgmt
	16	Elect Ann Fudge as Director		For	For		Mgmt
	17	Elect Paul Walsh as Director		For	For		Mgmt
	18	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	19	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	20	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 13,290,000
	21	Subject to the Passing of the Previous		For	For		Mgmt
		Resolution, Authorise Issue of Equity or
		Equity-Linked Securities without Pre-
		emptive Rights up to Aggregate
		Nominal Amount of GBP 2,000,000
	22	Authorise 131,000,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	23	Auth. Company and its Subsidiaries to		For	For		Mgmt
		Make EU Political Donations to Political
		Parties and Independent Election
		Candidates up to GBP 0.1M, to Political
		Org. Other Than Political Parties up to
		GBP 0.1M and to Incur EU Political
		Expenditure up to GBP 0.1M
	24	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Days'
		Clear Notice
	25	Authorise Directors to Agree to Modify		For	For		Mgmt
		the Agreement Dated 28 June, 1946
		(as Amended by Supplemental
		Agreements Dated 20 July, 1951, 21
		December, 1981 and 15 May, 2006)
		with Unilever N.V. of the Netherlands
Mgmt Rec - Company Management Recommended Vote								Page 162

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		known as the Equalisation Agreement
05/13/09 - S	Unilever plc		G92087165			None		1,749
	1	Amend Unilever plc Equalisation		For	For		Mgmt
		Agreement
06/11/09 - A	Union Drilling, Inc. *UDRL*		90653P105			04/17/09		1,747
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/14/09 - A	Union Pacific Corp. *UNP*		907818108			03/06/09		1,151
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		that proposal will accomplish appropriate executive
		compensation controls with industory parameters or
		will improce shareholder returns.
04/29/09 - A	United Community Banks,		90984P105			03/13/09		2,387
	Inc. *UCBI*
	1	Elect Directors		For	For		Mgmt
	2	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	3	Ratify Auditors		For	For		Mgmt
05/07/09 - A	United Parcel Service, Inc.		911312106			03/09/09		2,259
	*UPS*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 5.20% exceeds allowable cap of 5.0%.
06/26/09 - A	United Therapeutics Corp.		91307C102			04/30/09		295
	*UTHR*
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Ray Kurzweil --- Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision).
Mgmt Rec - Company Management Recommended Vote								Page 163

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.2	Elect Director Martine Rothblatt, Ph.D. -
		-- Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision).
	1.3	Elect Director Louis Sullivan, M.D. ---
		Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision).
	2	Ratify Auditors		For	For		Mgmt
06/02/09 - A	UnitedHealth Group		91324P102			04/03/09		3,346
	Incorporated *UNH*
	1	Elect Director William C. Ballard, Jr.		For	For		Mgmt
	2	Elect Director Richard T. Burke		For	For		Mgmt
	3	Elect Director Robert J. Darretta		For	For		Mgmt
	4	Elect Director Stephen J. Hemsley		For	For		Mgmt
	5	Elect Director Michele J. Hooper		For	For		Mgmt
	6	Elect Director Douglas W. Leatherdale		For	For		Mgmt
	7	Elect Director Glenn M. Renwick		For	For		Mgmt
	8	Elect Director Kenneth I. Shine, M.D.		For	For		Mgmt
	9	Elect Director Gail R. Wilensky, Ph.D.		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
06/25/09 - A	Universal Display Corp.		91347P105			04/09/09		2,621
	*PANL*
	1	Elect Directors		For	For		Mgmt
	2	Approve Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
		All employees can purchase shares at 85% of F.M.V.
	3	Ratify Auditors		For	For		Mgmt
05/28/09 - A	Valhi, Inc. *VHI*		918905100			03/31/09		1,652
	1	Elect Directors		For	For		Mgmt
04/16/09 - A	ValueClick, Inc. *VCLK*		92046N102			02/17/09		1,289
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director James R. Zarley ---
		Withhold
		Approved option exchange (cash tender)that
		included NEOs without shareholder vote.
Mgmt Rec - Company Management Recommended Vote								Page 164

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.2	Elect Director David S. Buzby ---
		Withhold
		Approved option exchange (cash tender) that
		included NEOs without shareholder vote.
	1.3	Elect Director Martin T. Hart ---
		Withhold
		Approved option exchange (cash tender) that
		included NEOs without shareholder vote.
	1.4	Elect Director Tom A. Vadnais ---
		Withhold
		Approved option exchange (cash tender) that
		included NEOs without shareholder vote.
	1.5	Elect Director Jeffrey F. Rayport ---
		Withhold
		Approved option exchange (cash tender) that
		included NEOs without shareholder vote.
	1.6	Elect Director James R. Peters ---
		Withhold
		Approved option exchange (cash tender) that
		included NEOs without shareholder vote.
	1.7	Elect Director James A. Crouthamel ---
		Withhold
		Approved option exchange (cash tender) that
		included NEOs without shareholder vote.
05/07/09 - A	Verizon Communications 92343V104					03/09/09		6,034
	*VZ*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	4	Approve Omnibus Stock Plan		For	For		Mgmt
	5	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	6	Prohibit Executive Stock-Based Awards		Against	Against		ShrHoldr
		Overly restrictive; not the best way to achieve
		reasonable levels of executive compensation within
		market.
	7	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Currently have 25% right to call special meeting.
	8	Require Independent Board Chairman		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 165

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Lead director in place.
	9	Provide for Cumulative Voting		Against	Against		ShrHoldr
	10	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
		Overly restrictive; not the best way to achieve
		reasonable levels of executive life insurance benefits.
05/14/09 -	Vinci		F5879X108			05/11/09		653
A/S
		Ordinary Business
	1	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	2	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.62 per Share
	4	Authorize Payment of Dividends by		For	For		Mgmt
		Shares
	5	Ratify Appointment of Jean-Pierre		For	Against		Mgmt
		Lamoure as Director
		For this market, if the proposed board does not
		consist of a majority of independent directors, the
		election or reelection of any non-independent director
		(except the CEO) is not recommended. At Vinci, if all
		the elections proposed at this general meeting were
		approved, only 47 percent of the board of directors
		would be independent. As Michael Pragnell and
		Francois David are considered as independent, their
		reelections merit support. However, as Jean-Pierre
		Lamoure and Patrick Faure are not considered as
		independent , their reelections warrant shareholders
		opposition.
	6	Reelect Francois David as Director		For	For		Mgmt
	7	Reelect Patrick Faure as Director		For	Against		Mgmt
	8	Elect Michael Pragnell as Director		For	For		Mgmt
	9	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	10	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Financing of
		Prado Sud Railway Concession
	11	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Financing of
		Stade du Mans Concession
	12	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Financing
		Obtained by Arcour, Contractor of A19
		Highway
Mgmt Rec - Company Management Recommended Vote								Page 166

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	13	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Sale by Vinci to
		Vinci Concession of Its Participation to
		Aegean Motorway SA
	14	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Sale by Vinci to
		Vinci Concession of Its Participation to
		Olympia Odos
	15	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Sale by Vinci to
		Vinci Concession of Its Participation to
		Olympia Odos Operation
	16	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Sale by Vinci to
		Vinci Concession of Its Participation to
		Vinci Airports Holding
		Special Business
	17	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	18	Authorize Capitalization of Reserves for		For	For		Mgmt
		Bonus Issue or Increase in Par Value
	19	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 300 Million
	20	Authorize Issuance of Specific		For	For		Mgmt
		Convertible Bonds without Preemptive
		Rights Named OCEANE
	21	Approve Issuance of Convertible Bonds		For	For		Mgmt
		without Preemptive Rights Other than
		OCEANE
	22	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	23	Authorize Capital Increase of up to 10		For	Against		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
		Considering the potential issuance of share capital
		under Items 20 and 21, shareholders are advised to
		oppose this request as it would exceed the 20-
		percent limit set for issuances without preemptive
		rights.
	24	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	25	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for International Employees
	26	Authorize up to 1.5 Percent of Issued		For	For		Mgmt
		Capital for Use in Stock Option Plan
		Due to a potential dilution of 7.73 percent, which
		exceeds the 5-percent guideline, this proposal
Mgmt Rec - Company Management Recommended Vote								Page 167

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		warrants a vote against.
	27	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
04/30/09 -	Vivendi		F97982106			04/27/09		1,482
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Treatment of Losses and Allocation of		For	For		Mgmt
		Dividends of EUR 1.40 per Share
	4	Authorize Payment of Dividends by		For	For		Mgmt
		Shares
	5	Approve Auditors' Special Report		For	For		Mgmt
		Regarding Related-Party Transactions
	6	Approve Transaction with Jean-Bernard		For	For		Mgmt
		Levy Related to Severance Payments
	7	Elect Maureen Chiquet as Supervisory		For	For		Mgmt
		Board Member
	8	Elect Christophe de Margerie as		For	For		Mgmt
		Supervisory Board Member
	9	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	10	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	11	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 1.5 Billion
		+Capital increase with preemptive rights: The
		potential capital increase with preemptive rights
		under Item 11, amounts to EUR 1.5 billion, which
		represents 23.4 percent of issued share
		capital. The authorization is acceptable for
		issuances with preemptive rights. + Capital
		increase without preemptive rights: The
		proposed capital increases without preemptive rights
		and without binding priority requested amount to
		EUR 0.8 billion, which represents 12.4 percent of
		issued share capital. The proposal is acceptable for
		general requests to issue capital without preemptive
		rights. As this authority will be capped by Item
		11, the capital increase (up to 10 percent) without
		preemptive rights, under Item 14, is considered to be
		acceptable. + Oversubscription: The amount
		requested would not meet the limit set for issuances
		with preemptive rights under item 11 and would
Mgmt Rec - Company Management Recommended Vote								Page 168

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		represent 15 percent of issuances without
		preemptive rights, i.e. a total of 14.26 percent without
		preemptive rights. As the additional potential
		capital does not exceed the the limit recommended
		by guidelines for general requests to issue capital
		without preemptive rights, the additional potential
		capital increases are acceptable.
	12	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 800 Million
	13	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Under Items 11 and
		12
	14	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	15	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
		Currently, the company's employees control 1.25
		percent of issued capital in terms of the Vivendi
		share purchase plans. Approval of this plan could
		increase employee participation to approximately
		3.66 percent. The potential dilution falls within
		guidelines for savings-related share purchase plans.
	16	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for Employees of
		International Subsidiaries
	17	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 800 Million for Bonus Issue
		or Increase in Par Value
	18	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
04/23/09 - A	Volkswagen AG (VW)		D94523145			04/02/09		169
		Meeting for Common and Preferred
		Shareholders; Only Common
		Shareholders Can Vote
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.93 per Common
		Share and EUR 1.99 per Preferred
		Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 169

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board for Fiscal 2008
	5	Elect Philipp Roesler to the Supervisory		For	Against		Mgmt
		Board
		At Volkswagen, only 10 percent of the board			is
		independent. Given this significant lack of
		independence, and the fact that this nominee is non-
		independent, a vote against the election of Philipp
		Roesler is warranted.
	6	Approve Creation of EUR 400 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	7	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 5
		Billion; Approve Creation of EUR 100
		Million Pool of Capital to Guarantee
		Conversion Rights
	8	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	9	Amend Articles Re: Convocation of		For	For		Mgmt
		General Meeting due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
	10	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
05/14/09 - A	Vornado Realty Trust *VNO*		929042109			03/13/09		1,689
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Steven Roth --- Withhold
		Failure to implement majority vote standard for
		director elections (submitted and passed by majority
		shareholders last two years).
	1.2	Elect Director Michael D. Fascitelli ---
		Withhold
		Failure to implement majority vote standard for
		director elections (submitted and passed by majority
		shareholders last two years).
	1.3	Elect Director Russell B. Wight, Jr. ---
		Withhold
		Failure to implement majority vote standard for
		director elections (submitted and passed by majority
		shareholders last two years).
	2	Ratify Auditors		For	For		Mgmt
	3	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
	4	Require Independent Board Chairman		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 170

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Lead director in place.
05/08/09 - A	Vulcan Materials Co. *VMC*		929160109			03/16/09		1,157
	1	Elect Directors		For	For		Mgmt
	2	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
		ISS recommeds against because plan			is
		administered by comp commitee with members that
		do not fit ISS definition of independance; no issues
		by PPC standards.
	3	Ratify Auditors		For	For		Mgmt
	4	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Overly restrictive.
04/08/09 - A	Waddell & Reed Financial,		930059100			02/11/09		1,265
	Inc. *WDR*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with other proposals supported by PPC.
06/05/09 - A	Wal-Mart Stores, Inc. *WMT*		931142103			04/09/09		8,761
	1	Elect Director Aida M. Alvarez		For	For		Mgmt
	2	Elect Director James W. Breyer		For	For		Mgmt
	3	Elect Director M. Michele Burns		For	For		Mgmt
	4	Elect Director James I. Cash, Jr.		For	For		Mgmt
	5	Elect Director Roger C. Corbett		For	For		Mgmt
	6	Elect Director Douglas N. Daft		For	For		Mgmt
	7	Elect Director Michael T. Duke		For	For		Mgmt
	8	Elect Director Gregory B. Penner		For	For		Mgmt
	9	Elect Director Allen I. Questrom		For	For		Mgmt
	10	Elect Director H. Lee Scott, Jr.		For	For		Mgmt
	11	Elect Director Arne M. Sorenson		For	For		Mgmt
	12	Elect Director Jim C. Walton		For	For		Mgmt
	13	Elect Director S. Robson Walton		For	For		Mgmt
	14	Elect Director Christopher J. Williams		For	For		Mgmt
	15	Elect Director Linda S. Wolf		For	For		Mgmt
	16	Ratify Auditors		For	For		Mgmt
	17	Amend EEO Policy to Prohibit		Against	Against		ShrHoldr
		Discrimination based on Sexual
		Orientation and Gender Identity
		Management responded meaningfully; no evidenmce
		proposal will result in improved shareholder returns.
		Two gender discrimination cases are in the courts;
Mgmt Rec - Company Management Recommended Vote								Page 171

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		however, there is no ruling yet and no evidence that
		proposal would prevent any future legal actions.
	18	Pay For Superior Performance		Against	Against		ShrHoldr
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	19	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	20	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	21	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Currently, shareholders have right to act by written
		consent.
	22	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
04/23/09 - A	Walter Energy Inc. *WLT*		93317Q105			03/02/09		676
	1	Elect Directors		For	For		Mgmt
	2	Change Company Name		For	For		Mgmt
	3	Authorize New Class of Preferred Stock		For	For		Mgmt
		Declawed (will not be used for anti-takeover without
		shareholder vote).
	4	Approve Shareholder Rights Plan		For	For		Mgmt
		(Poison Pill)
		20% trigger, redemption rights, qulaified offer clause,
		sunset provision, no dead/slow hand, good corporate
		governance.
	5	Amend Omnibus Stock Plan		For	For		Mgmt
05/18/09 - A	Washington Real Estate		939653101			03/16/09		41
	Investment Trust *WRE*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/28/09 - A	Wells Fargo and Company		949746101			02/27/09		6,242
	*WFC*
	1	Elect Director John D. Baker II		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 172

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Elect Director John S. Chen		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	3	Elect Director Lloyd H. Dean		For	For		Mgmt
	4	Elect Director Susan E. Engel		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	5	Elect Director Enrique Hernandez, Jr.		For	For		Mgmt
	6	Elect Director Donald M. James		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	7	Elect Director Robert L. Joss		For	For		Mgmt
	8	Elect Director Richard M. Kovacevich		For	For		Mgmt
	9	Elect Director Richard D. McCormick		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	10	Elect Director Mackey J. McDonald		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	11	Elect Director Cynthia H. Milligan		For	For		Mgmt
	12	Elect Director Nicholas G. Moore		For	For		Mgmt
	13	Elect Director Philip J. Quigley		For	For		Mgmt
	14	Elect Director Donald B. Rice		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	15	Elect Director Judith M. Runstad		For	For		Mgmt
	16	Elect Director Stephen W. Sanger		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	17	Elect Director Robert K. Steel		For	For		Mgmt
	18	Elect Director John G. Stumpf		For	For		Mgmt
	19	Elect Director Susan G. Swenson		For	For		Mgmt
	20	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Modified single-trigger change-in-control.
	21	Ratify Auditors		For	For		Mgmt
	22	Amend Omnibus Stock Plan		For	Against		Mgmt
	23	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director already in place.
	24	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compiance with current law or that proposal
		will result in improved shareholder returns.
Mgmt Rec - Company Management Recommended Vote								Page 173

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/23/09 - A	Westamerica Bancorporation		957090103			02/23/09		412
	*WABC*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Etta Allen --- For
	1.2	Elect Director Louis E. Bartolini --- For
	1.3	Elect Director E. Joseph Bowler --- For
	1.4	Elect Director Arthur C. Latno, Jr. ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.5	Elect Director Patrick D. Lynch ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director Catherine Cope
		MacMillan --- For
	1.7	Elect Director Ronald A. Nelson ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.8	Elect Director David L. Payne --- For
	1.9	Elect Director Edward B. Sylvester ---
		For
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Advisory Vote on Executive		For	Against		Mgmt
		Compensation
		Poor pay practices.
05/21/09 - A	Westar Energy, Inc. *WR*		95709T100			03/23/09		1,642
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 2.27% is within allowable cap of
		5.00%.
05/13/09 - A	Westinghouse Air Brake		929740108			03/18/09		579
	Technologies Corp *WAB*
	1	Elect Directors		For	For		Mgmt
04/16/09 - A	Weyerhaeuser Co. *WY*		962166104			02/20/09		2,271
	1	Elect Directors		For	For		Mgmt
	2	Require Independent Board Chairman		Against	For		ShrHoldr
		No lead dirctor.
	3	Reduce Supermajority Vote		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 174

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Requirement
	4	Ratify Auditors		For	For		Mgmt
05/05/09 - A	Whiting Petroleum Corp.		966387102			03/13/09		611
	*WLL*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/01/09 - A	Woodside Petroleum Ltd.		980228100			04/29/09		680
	*WPL*
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for the Financial Year
		Ended Dec. 31, 2008
	2(a)	Elect Michael Alfred Chaney as a		For	For		Mgmt
		Director
	2(b)	Elect Erich Fraunschiel as a Director		For	For		Mgmt
	2(c)	Elect Pierre Jean-Marie Henri Jungels		For	For		Mgmt
		as a Director
	2(d)	Elect David Ian McEvoy as a Director		For	For		Mgmt
	2(e)	Elect Melinda Ann Cilento as a Director		For	For		Mgmt
	2(f)	Elect Ian Robertson as a Director		For	For		Mgmt
	3	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended Dec. 31, 2008
05/21/09 - A	Xerox Corporation *XRX*		984121103			03/23/09		9,910
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/05/09 - A	Xstrata plc		G9826T102			None		761
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
		Vote Recommendation Xstrata's general
		remuneration policy has not changed materially over
		the previous year and shareholders comfortable with
		the Company's broad approach may decide that the
		remuneration report is worthy of continued
		support. However, there is a case for a different
		approach for 2009 taking into account concern over
		the following issues, some relating to existing
		arrangements no longer meeting current good
		practice and others due to specific non-routine
		actions taken in 2008: - The 50% level of
		threshold vesting for median comparative TSR
		performance in the LTIP is not in line with good UK
		practice. This was raised as a concern prior to the
		2008 AGM. Although it is recognised that the LTIP is
Mgmt Rec - Company Management Recommended Vote								Page 175

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		not a new plan, the Company is encouraged to take
		the opportunity over the coming year to amend the
		TSR performance condition. Furthermore, the plan
		should also be changed to ensure that performance
		conditions apply in the event of a change of
		control. - The service contracts for the executive
		directors include the potential for payments on
		termination well in excess of one year's salary when
		pension and bonus entitlements are taken into
		account. Guidance issued by the NAPF and the ABI
		in 2008 indicates a preference for severance
		payments arising from poor corporate performance to
		not extend beyond basic salary. - The Company
		has significantly increased pension contributions for
		the CEO and CFO for 2008. The Company's
		explanation for these increases links them to revised
		estimates of the amounts required to provide the
		targeted benefits under the scheme, based on
		actuarial assumptions. While this is understandable,
		the assumptions are not disclosed to shareholders
		and therefore it is difficult to make an external
		judgement on the appropriateness of such large
		increases. - The Company has made significant
		retention awards to two executive directors during
		2008. These awards comprise non-performance
		linked cash bonuses (payable in May 2009) and
		enhancements to normal LTIP grants. In general, the
		view of institutional shareholders is that retention
		payments are rarely justified. An obvious question is
		why such awards are considered necessary in the
		context of a remuneration policy which can provide
		substantial rewards in the event of outperformance.
		A particular concern in this case is that two methods
		of encouraging retention have been chosen, one of
		which is not tied to performance. In any event, it is
		not good practice for a company to have made
		significant awards of this nature without adequate
		disclosure and transparency. In light of these
		issues, shareholders are advised to vote against the
		remuneration report. The Company's performance
		during 2008 and the decision to seek additional funds
		from shareholders in the recent rights issue has been
		taken into account when making this
		recommendation.
	3	Re-elect Ivan Glasenberg as Director		For	For		Mgmt
		Vote Recommendation In line with normal policy
		guidelines, shareholders are recommended to vote
		FOR this candidate. This is with an expectation that
		the Board reconstitutes the Nominations Committee
		in line with the Combined Code. The
		controversial nature of the deal with Glencore earlier
Mgmt Rec - Company Management Recommended Vote								Page 176

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		in the year is recognised but a vote against this
		Glencore nominee is not felt to be appropriate at this
		time. The deal was worthy of support given Xstrata's
		financial situation, the overall positive impact of the
		proposals and the limitations posed by the
		Company's ownership structure. However, the
		controversial circumstances surrounding the
		transaction and Xstrata's relationship with Glencore
		are being highlighted via a CONTENTIOUS FOR
		recommendation. [Vote Recommendation:
		CONTENTIOUS FOR]
	4	Re-elect Trevor Reid as Director		For	For		Mgmt
	5	Re-elect Santiago Zaldumbide as		For	For		Mgmt
		Director
	6	Elect Peter Hooley as Director		For	For		Mgmt
	7	Reappoint Ernst & Young LLP as		For	For		Mgmt
		Auditors and Authorise Board to Fix
		Their Remuneration
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 488,835,270 in
		Connection with an Offer by Way of
		Rights Issue; Otherwise up to USD
		488,835,270
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 73,325,290.50
06/25/09 - A	Yahoo!, Inc. *YHOO*		984332106			04/27/09		3,393
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Carol Bartz --- For
	1.2	Elect Director Frank J. Biondi, Jr. ---
		For
	1.3	Elect Director Roy J. Bostock --- For
	1.4	Elect Director Ronald W. Burkle --- For
	1.5	Elect Director John H. Chapple --- For
	1.6	Elect Director Eric Hippeau --- For
	1.7	Elect Director Carl C. Icahn --- Against
		Sits on 8 boards; no mitigating circumstances
		disclosed.
	1.8	Elect Director Vyomesh Joshi --- For
	1.9	Elect Director Arthur H. Kern --- For
	1.10	Elect Director Mary Agnes Wilderotter -
		-- For
	1.11	Elect Director Gary L. Wilson --- For
	1.12	Elect Director Jerry Yang --- For
Mgmt Rec - Company Management Recommended Vote								Page 177

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2030 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
05/04/09 - A	Zimmer Holdings Inc *ZMH*		98956P102			03/05/09		604
	1	Elect Director Betsy J. Bernard		For	For		Mgmt
	2	Elect Director Marc N. Casper		For	For		Mgmt
	3	Elect Director David C. Dvorak		For	For		Mgmt
	4	Elect Director Robert A. Hagemann		For	For		Mgmt
	5	Elect Director Arthur J. Higgins		For	For		Mgmt
	6	Elect Director Cecil B. Pickett		For	For		Mgmt
	7	Elect Director Augustus A. White, III		For	For		Mgmt
	8	Ratify Auditors		For	For		Mgmt
	9	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 6.65% is within allowable cap of
		7.26%.
	10	Amend Non-Employee Director		For	For		Mgmt
		Omnibus Stock Plan
		Plan's cost of 5.39% is within allowable cap of
		7.26%.
	11	Amend Deferred Compensation Plan		For	For		Mgmt
		Plan's cost of 5.32% is within allowable cap of
		7.26%.
Mgmt Rec - Company Management Recommended Vote								Page 178

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
07/10/08 - A	Greenlight Capital Re, Ltd.		G4095J109			06/02/08		1,872
	*GLRE*
		This is a duplicate meeting for ballots
		received via the Broadridge North
		American Ballot distribution system.
	1	TO ELECT SEVEN DIRECTORS OF		For	For		Mgmt
		THE COMPANY TO SERVE ON THE
		BOARD OF DIRECTORS UNTIL THE
		ANNUAL GENERAL MEETING OF
		SHAREHOLDERS IN 2009.
	2	TO ELECT SEVEN DIRECTORS OF		For	For		Mgmt
		GREENLIGHT REINSURANCE, LTD.,
		OR GREENLIGHT RE. TO SERVE ON
		THE BOARD UNTIL THE ANNUAL
		GENERAL MEETING OF
		SHAREHOLDERS IN 2009 OF
		GREENLIGHT RE.
	3	TO AMEND ARTICLE 11 OF THE		For	Against		Mgmt
		COMPANY S THIRD AMENDED AND
		RESTATED ARTICLES OF
		ASSOCIATION AS SET FORTH IN
		EXHIBIT A TO THE PROXY
		STATEMENT.
	4	RATIFY AUDITORS		For	For		Mgmt
	5	RATIFY AUDITORS		For	For		Mgmt
07/16/08 - A	BT Group plc		G16612106			None		22,287
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 10.4 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect Hanif Lalani as Director		For	For		Mgmt
	5	Re-elect Carl Symon as Director		For	For		Mgmt
	6	Elect Sir Michael Rake as Director		For	For		Mgmt
	7	Elect Gavin Patterson as Director		For	For		Mgmt
	8	Elect Eric Daniels as Director		For	For		Mgmt
	9	Elect Patricia Hewitt as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of GBP 127,000,000
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of GBP 21,000,000
	14	Authorise 774,000,000 Ordinary Shares		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 1

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		for Market Purchase
	15	Authorise British Telecommunications		For	For		Mgmt
		plc to Make EU Political Donations to
		Political Parties and/or Independent
		Election Candidates up to GBP 75,000
		and to Political Organisations Other
		Than Political Parties up to GBP 25,000
07/16/08 -	Suez		F90131115			07/11/08		1,046
A/S
		Special Business
	1	Approve Merger by Absorption of		For	For		Mgmt
		Rivolam
	2	Approve Spin-Off of Suez		For	For		Mgmt
		Environnement
		Ordinary Business
	3	Approve Distribution of 65 percent of		For	For		Mgmt
		Suez Environnement to Suez's
		Shareholders
	4	Approve Special Auditors' Report		For	For		Mgmt
		Regarding Related-Party Transactions
		Special Business
	5	Approve Merger by Absorption of Suez		For	For		Mgmt
		by GDF
	6	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
07/18/08 - A	Constellation Energy Group,		210371100			04/28/08		2,069
	Inc. *CEG*
	1	Elect Director Yves C. de Balmann		For	For		Mgmt
	2	Elect Director Douglas L. Becker		For	For		Mgmt
	3	Elect Director Ann C. Berzin		For	For		Mgmt
	4	Elect Director James T. Brady		For	For		Mgmt
	5	Elect Director Edward A. Crooke		For	For		Mgmt
	6	Elect Director James R. Curtiss		For	For		Mgmt
	7	Elect Director Freeman A. Hrabowski, III		For	For		Mgmt
	8	Elect Director Nancy Lampton		For	For		Mgmt
	9	Elect Director Robert J. Lawless		For	For		Mgmt
	10	Elect Director Lynn M. Martin		For	For		Mgmt
	11	Elect Director Mayo A. Shattuck, III		For	For		Mgmt
	12	Elect Director John L. Skolds		For	For		Mgmt
	13	Elect Director Michael D. Sullivan		For	For		Mgmt
	14	Ratify Auditors		For	For		Mgmt
	15	Increase Authorized Common Stock		For	Against		Mgmt
07/23/08 - S	Ansoft Corp.		036384105			06/06/08		79
	1	Approve Acquisition		For	For		Mgmt
	2	Adjourn Meeting		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 2

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Other Business		For	Against		Mgmt
07/23/08 - A	McKesson Corporation		58155Q103			05/30/08		2,210
	*MCK*
	1	Elect Director Andy D. Bryant		For	For		Mgmt
	2	Elect Director Wayne A. Budd		For	For		Mgmt
	3	Elect Director John H. Hammergren		For	For		Mgmt
	4	Elect Director Alton F. Irby III		For	For		Mgmt
	5	Elect Director M. Christine Jacobs		For	For		Mgmt
	6	Elect Director Marie L. Knowles		For	For		Mgmt
	7	Elect Director David M. Lawrence		For	For		Mgmt
	8	Elect Director Edward A. Mueller		For	For		Mgmt
	9	Elect Director James V. Napier		For	For		Mgmt
	10	Elect Director Jane E. Shaw		For	For		Mgmt
	11	Ratify Auditors		For	For		Mgmt
07/24/08 - A	Steris Corp. *STE*		859152100			06/02/08		1,476
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
07/28/08 -	Carrefour		F13923119			07/23/08		591
A/S
		Ordinary Business
	1	Ratify Appointment of Bernard Arnault		For	For		Mgmt
		as Supervisory Board Member
		Special Business
	2	Adopt One-Tiered Board Structure		For	For		Mgmt
	3	Amend Article of Bylaws Re: Allocation		For	For		Mgmt
		of Income
	4	Adopt New Articles of Association		For	For		Mgmt
	5	Transfer to the Board of Directors		For	Against		Mgmt
		Outstanding Authorizations
		Ordinary Business
	6	Transfer to the Board of Directors		For	Against		Mgmt
		Authorizations Previously Granted
		Regarding the Repurchase Share
		Program
	7	Elect Rene Abate as Director		For	For		Mgmt
	8	Elect Bernard Arnault as Director		For	For		Mgmt
	9	Elect Sebastien Bazin as Director		For	For		Mgmt
	10	Elect Nicolas Bazire as Director		For	For		Mgmt
	11	Elect Jean-Laurent Bonnafe as Director		For	For		Mgmt
	12	Elect Thierry Breton as Director		For	For		Mgmt
	13	Elect Rene Brillet as Director		For	For		Mgmt
	14	Elect Charles Edelstenne as Director		For	For		Mgmt
	15	Elect Jean-Martin Folz as Director		For	For		Mgmt
	16	Elect Jose Luis Leal Maldonado as		For	For		Mgmt
		Director
Mgmt Rec - Company Management Recommended Vote								Page 3

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	17	Elect Amaury de Seze as Director		For	For		Mgmt
	18	Elect Anne-Claire Taittinger as Director		For	For		Mgmt
	19	Acknowledge The length of Mandate of		For	For		Mgmt
		Directors
	20	Approve Remuneration of Directors in		For	For		Mgmt
		the Aggregate Amount of EUR 900,000
	21	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
07/28/08 - A	National Grid plc		G6375K151			None		3,695
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 21.3 Pence		For	For		Mgmt
		Per Ordinary Share
	3	Elect Bob Catell as Director		For	For		Mgmt
	4	Elect Tom King as Director		For	For		Mgmt
	5	Elect Philip Aiken as Director		For	For		Mgmt
	6	Re-elect John Allan as Director		For	For		Mgmt
	7	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	8	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	9	Approve Remuneration Report		For	For		Mgmt
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of GBP 94,936,979
	11	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of GBP 14,240,547
	12	Authorise 249,936,128 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	13	Adopt New Articles of Association		For	For		Mgmt
07/29/08 - A	Vodafone Group plc		G93882135			None		67,136
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Re-elect Sir John Bond as Director		For	For		Mgmt
	3	Re-elect John Buchanan as Director		For	For		Mgmt
	4	Re-elect Vittorio Colao as Director		For	For		Mgmt
	5	Re-elect Andy Halford as Director		For	For		Mgmt
	6	Re-elect Alan Jebson as Director		For	For		Mgmt
	7	Re-elect Nick Land as Director		For	For		Mgmt
	8	Re-elect Anne Lauvergeon as Director		For	For		Mgmt
	9	Re-elect Simon Murray as Director		For	For		Mgmt
	10	Re-elect Luc Vandevelde as Director		For	For		Mgmt
	11	Re-elect Anthony Watson as Director		For	For		Mgmt
	12	Re-elect Philip Yea as Director		For	For		Mgmt
	13	Approve Final Dividend of 5.02 Pence		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 4

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Per Ordinary Share
	14	Approve Remuneration Report		For	For		Mgmt
	15	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors of the Company
	16	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	17	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 1,100,000,000
	18	Subject to the Passing of Resolution 17,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 300,000,000
	19	Authorise 5,300,000,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	20	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Parties, and/or
		Independent Election Candidates, to
		Political Organisations Other Than
		Political Parties and Incur EU Political
		Expenditure up to GBP 100,000
	21	Amend Articles of Association		For	For		Mgmt
	22	Approve Vodafone Group 2008		For	For		Mgmt
		Sharesave Plan
07/31/08 - A	THQ Inc. *THQI*		872443403			06/02/08		1,476
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
08/05/08 - A	Apollo Investment		03761U106			06/19/08		653
	Corporation
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Authorize Company to Sell Shares		For	For		Mgmt
		Below Net Asset Value
08/07/08 - S	BNY Hamilton Funds, Inc.		05561M333			05/02/08		137,160
	1	Approve Reorganization of Funds		For	For		Mgmt
08/18/08 - S	CME Group Inc. *CME*		12572Q105			07/18/08		173
	1	Approve Increase in Size of Board		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 5

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Issue Shares in Connection with		For	For		Mgmt
		Acquisition
	3	Adjourn Meeting		For	For		Mgmt
09/09/08 - S	Illumina, Inc. *ILMN*		452327109			07/28/08		770
	1	Increase Authorized Common Stock		For	For		Mgmt
09/11/08 - A	American Science and		029429107			07/28/08		665
	Engineering, Inc. *ASEI*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
09/19/08 - A	SHIP FINANCE		G81075106			07/11/08		1,649
	INTERNATIONAL LTD *SFL*
		This is a duplicate meeting for ballots
		received via the Broadridge North
		American Ballot distribution system.
	1	Elect Directors		For	Split		Mgmt
	1.1	ELECT DIRECTOR TOR OLAV TROIM
		--- Withhold
	1.2	ELECT DIRECTOR PAUL LEAND JR. --
		- For
	1.3	ELECT KATE BLANKENSHIP ---
		Withhold
	1.4	ELECT DIRECTOR CRAIG H.
		STEVENSON JR. --- For
	1.5	ELECT DIRECTOR HANS PETTER
		AAS --- For
	2	PROPOSAL TO APPOINT MOORE		For	For		Mgmt
		STEPHENS PC AS AUDITORS ANDTO
		AUTHORIZE THE BOARD OF
		DIRECTORS TO DETERMINE
		THEIRREMUNERATION.
	3	PROPOSAL TO APPROVE THE		For	For		Mgmt
		REMUNERATION OF THE COMPANY
		S BOARD OF DIRECTORS FOR THE
		YEAR ENDING DECEMBER 31, 2008.
09/29/08 - S	Hilb Rogal & Hobbs Co		431294107			08/22/08		581
	1	Approve Merger Agreement		For	For		Mgmt
	2	Adjourn Meeting		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 6

Vote Summary Report
Oct 01, 2008 - Dec 31, 2008
TDAX Independence 2040 ETF Composite
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
- A	Alpha Natural Resources,	02076X102					947
	Inc. *ANR*
- A	Archer-Daniels-Midland	039483102					1,936
	Company *ADM*
- A	Bank of America Corp. *BAC*	060505104					10,352
- A	Barclays plc	G08036124					10,108
- A	BHP Billiton Limited	Q1498M100					4,500
	(Formerly BHP Ltd.) *BHP*
- A	BHP Billiton plc	G10877101					3,269
- A	BNP Paribas	F1058Q238					1,125
- A	Cisco Systems, Inc. *CSCO*	17275R102					16,182
- A	Commonwealth Bank Of	Q26915100					1,513
	Australia *CBA*
- A	Devry Inc. *DV*	251893103					1,114
- A	Diageo plc	G42089113					3,230
- A	Fifth Third Bancorp *FITB*	316773100					5,675
- A	Fortis SA/NV	B4399L102					7,824
- A	Fortis SA/NV	B4399L102					7,824
- A	Foundry Networks, Inc.	35063R100					2,146
Mgmt Rec - Company Management Recommended Vote							Page 1

Vote Summary Report
Oct 01, 2008 - Dec 31, 2008
TDAX Independence 2040 ETF Composite
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
- A	Foundry Networks, Inc.	35063R100					2,146
- A	Hovnanian Enterprises, Inc.	442487203					4,621
	*HOV*
- A	International Bancshares	459044103					1,180
	Corp. *IBOC*
- A	Jack Henry & Associates,	426281101					1,564
	Inc. *JKHY*
- A	Lloyds TSB Group plc	G5542W106					8,464
- A	Micros Systems, Inc. *MCRS*	594901100					1,305
- A	Microsoft Corp. *MSFT*	594918104					23,065
- A	MOSAIC CO *MOS*	61945A107					1,180
- A	Myriad Genetics, Inc. *MYGN*	62855J104					537
- A	National Australia Bank	Q65336119					2,198
	Limited *NAB*
- A	Perrigo Co. *PRGO*	714290103					1,230
- A	Tercica Inc	88078L105					3,772
- A	Texas Industries	882491103					527
	Incorporated *TXI*
- A	The Procter & Gamble	742718109					7,100
	Company *PG*
Mgmt Rec - Company Management Recommended Vote							Page 2

Vote Summary Report
Oct 01, 2008 - Dec 31, 2008
TDAX Independence 2040 ETF Composite
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
- A	The Royal Bank of Scotland	G76891111					14,275
	Group plc
- A	UniCredit SpA (formerly	T95132105					14,099
	Unicredito Italiano SpA)
- A	Unilever N.V.	N8981F271					2,204
- A	Unilever plc	G92087165					1,728
- A	Vail Resorts, Inc. *MTN*	91879Q109					783
- A	Westpac Banking	Q97417101					2,469
	Corporation *WBC*
Mgmt Rec - Company Management Recommended Vote							Page 3

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
01/07/09 - A	MOOG Inc. *MOG.A*		615394202			11/26/08		693
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/08/09 - A	Acuity Brands, Inc. *AYI*		00508Y102			11/17/08		788
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/12/09 - A	Aruba Networks Inc *ARUN*		043176106			11/13/08		7,250
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/16/09 - S	Time Warner Inc *TWX*		887317105			11/20/08		9,028
	1	Approve Reverse Stock Split		For	For		Mgmt
01/21/09 - A	Johnson Controls, Inc. *JCI*		478366107			11/20/08		1,598
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Adopt Policy to Obtain Shareholder		Against	Against		ShrHoldr
		Approval of Survivor Benefits
01/22/09 - A	Woodward Governor		980745103			11/24/08		979
	Company *WGOV*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/25/09 - S	Banco Santander S.A.		E19790109			None		8,139
	1	Approve EUR 88.7 Million Capital		For	For		Mgmt
		Increase via Issuance of 177.4 Million
		New Common Shares with EUR 0.5 Par
		Value Each and a Share Issuance
		Premium to be Determined by the
		Board, in Accordance with Article
		159.1c of Spanish Companies Law
	2	Approve Delivery of 100 Banco		For	For		Mgmt
		Santander Shares to Each Employee of
		the Abbey National plc.subgroup as
		Special Bonus at the Completion of the
		Acquisition of the Retail Deposits and
		Branch and Distribution Networks of the
		Bradford & Bingley plc. Group
	3	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
Mgmt Rec - Company Management Recommended Vote								Page 1

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
01/27/09 - A	Dawson Geophysical		239359102			11/28/08		711
	Company *DWSN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/27/09 - C	Foster Wheeler AG *FWLT*		G36535139			12/15/08		2,045
		Duplicate meeting for ballots
		received via Broadridge North
		American Ballot distribution system.
	1	APPROVAL OF THE SCHEME OF		For	For		Mgmt
		ARRANGEMENT (THE
		REDOMESTICATION).
	2	APPROVAL OF THE MOTION TO		For	For		Mgmt
		ADJOURN THE MEETING TO A
		LATER DATE TO SOLICIT
		ADDITIONAL PROXIES IF THERE ARE
		INSUFFICIENT VOTES AT THE TIME
		OF THE MEETING TO APPROVE THE
		SCHEME OF ARRANGEMENT.
01/27/09 - A	Siemens AG		D69671218			None		1,011
	1	Receive Supervisory Board Report,		None	None		Mgmt
		Corporate Governance Report,
		Remuneration Report, and Compliance
		Report for Fiscal 2007/2008 (Non-
		Voting)
	2	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2007/2008
		(Non-Voting)
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.60 per Share
	4.1	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Rudi
		Lamprecht for Fiscal 2007/2008
	4.2	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Juergen
		Radomski for Fiscal 2007/2008
	4.3	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Uriel
		Sharef for Fiscal 2007/2008
	4.4	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Klaus
		Wucherer for Fiscal 2007/2008
	4.5	Approve Discharge of Management		For	For		Mgmt
		Board Member Peter Loescher for
		Fiscal 2007/2008
	4.6	Approve Discharge of Management		For	For		Mgmt
		Board Member Wolfgang Dehen for
		Fiscal 2007/2008
Mgmt Rec - Company Management Recommended Vote								Page 2

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4.7	Approve Discharge of Management		For	For		Mgmt
		Board Member Heinrich Hiesinger for
		Fiscal 2007/2008
	4.8	Approve Discharge of Management		For	For		Mgmt
		Board Member Joe Kaeser for Fiscal
		2007/2008
	4.9	Approve Discharge of Former		For	For		Mgmt
		Management Board Member Eduardo
		Montes for Fiscal 2007/2008
	4.10	Approve Discharge of Former		For	For		Mgmt
		Management Board Member Jim Reid-
		Anderson for Fiscal 2007/2008
	4.11	Approve Discharge of Former		For	For		Mgmt
		Management Board Member Erich R.
		Reinhardt for Fiscal 2007/2008
	4.12	Approve Discharge of Management		For	For		Mgmt
		Board Member Hermann Requardt for
		Fiscal 2007/2008
	4.13	Approve Discharge of Management		For	For		Mgmt
		Board Member Siegfried Russwurm for
		Fiscal 2007/2008
	4.14	Approve Discharge of Management		For	For		Mgmt
		Board Member Peter Y. Solmssen for
		Fiscal 2007/2008
	5.1	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Gerhard Cromme for
		Fiscal 2007/2008
	5.2	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Ralf Heckmann for
		Fiscal 2007/2008
	5.3	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Josef Ackermann for
		Fiscal 2007/2008
	5.4	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Lothar Adler for Fiscal
		2007/2008
	5.5	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Jean-Louis Beffa for
		Fiscal 2007/2008
	5.6	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Gerhard
		Bieletzki for Fiscal 2007/2008
	5.7	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Gerd von Brandenstein
		for Fiscal 2007/2008
	5.8	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member John David
		Coombe for Fiscal 2007/2008
	5.9	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Hildegard
		Cornudet for Fiscal 2007/2008
	5.10	Approve Discharge of Supervisory		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 3

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board Member Michael Diekmann for
		Fiscal 2007/2008
	5.11	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Hans Michael Gaul for
		Fiscal 2007/2008
	5.12	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Birgit Grube
		for Fiscal 2007/2008
	5.13	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Peter Gruss for Fiscal
		2007/2008
	5.14	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Bettina Haller for Fiscal
		2007/2008
	5.15	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Heinz Hawreliuk for
		Fiscal 2007/2008
	5.16	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Berthold Huber for
		Fiscal 2007/2008
	5.17	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Harald Kern for Fiscal
		2007/2008
	5.18	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Walter
		Kroell for Fiscal 2007/2008
	5.19	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Nicola Leibinger-
		Kammueller for Fiscal 2007/2008
	5.20	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Michael
		Mirow for Fiscal 2007/2008
	5.21	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Werner Moenius for
		Fiscal 2007/2008
	5.22	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Roland
		Motzigemba for Fiscal 2007/2008
	5.23	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Thomas
		Rackow for Fiscal 2007/2008
	5.24	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Hakan Samuelsson for
		Fiscal 2007/2008
	5.25	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Dieter Scheitor for Fiscal
		2007/2008
	5.26	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Albrecht
		Schmidt for Fiscal 2007/2008
	5.27	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Henning Schulte-Noelle
Mgmt Rec - Company Management Recommended Vote								Page 4

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		for Fiscal 2007/2008
	5.28	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Rainer Sieg for Fiscal
		2007/2008
	5.29	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Peter von
		Siemens for Fiscal 2007/2008
	5.30	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Jerry I.
		Speyer for Fiscal 2007/2008
	5.31	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Birgit Steinborn for
		Fiscal 2007/2008
	5.32	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Iain Vallance of Tummel
		for Fiscal 2007/2008
	6	Ratify Ernst & Young AG as Auditors for		For	For		Mgmt
		Fiscal 2008/2009
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Authorize Use of Financial Derivatives		For	For		Mgmt
		of up to 5 Percent of Issued Share
		Capital When Repurchasing Shares
	9	Approve Creation of EUR 520.8 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	10	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 15
		Billion; Approve Creation of EUR 600
		Million Pool of Capital to Guarantee
		Conversion Rights
	11	Approve Remuneration of Supervisory		For	For		Mgmt
		Board
	12	Amend Articles Re: Decision Making of		For	For		Mgmt
		General Meeting
01/29/09 - S	Blyth, Inc. *BTH*		09643P108			12/03/08		2,485
	1	Approve Reverse Stock Split		For	For		Mgmt
	2	Reduce Authorized Common Stock		For	For		Mgmt
01/30/09 - A	Nuance Communications,		67020Y100			12/02/08		3,068
	Inc. *NUAN*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 5

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
02/03/09 - A	Emerson Electric Co. *EMR*		291011104			11/25/08		1,836
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
02/05/09 - A	Beacon Roofing Supply, Inc.		073685109			12/10/08		3,209
	*BECN*
	1	Elect Directors		For	For		Mgmt
02/11/09 - S	Fortis SA/NV		B4399L102			None		3,912
		Special Meeting Agenda
	1	Open Meeting (Non-Voting)		None	None		Mgmt
		Proposals Made by Committee of
		Experts Appointed By Court of
		Appeal of Brussels
	2.1	Receive Special Board Report (Non-		None	None		Mgmt
		Voting)
	2.2	Receive Interim Report of Committee of		None	None		Mgmt
		Experts (Non-Voting)
	2.3	Receive Board Comments on Interim		None	None		Mgmt
		Report of Committee of Experts (Non-
		Voting)
	2.4	Proposal to Vote on Item 2.5 (Voting)		None	For		Mgmt
	2.5	Approve Sale of 100 Percent of the		None	For		Mgmt
		Shares of Fortis Bank Nederland N.V.,
		Fortis Verzekeringen Nederland N.V.
		and Fortis Corporate Insurance N.V. to
		the Dutch State on Oct. 3, 2008 (Voting)
	2.6	Proposal to Vote on Item 2.7 (Voting)		None	For		Mgmt
	2.7	Approve Sale of 50 Percent Plus One		None	For		Mgmt
		Share of Fortis Bank SA/NV to the
		Federal Participation and Investment
		Corporation on Oct. 10, 2008, and the
		Transactions To Be Entered into with
		the Federal Participation and
		Investment Corporation (Voting)
	2.8	Proposal to Vote on Item 2.8 (Voting)		None	For		Mgmt
	2.9	Approve Sale of 100 Percent of the		None	For		Mgmt
		Shares of Fortis Insurance Belgium
		SA/NV to BNP Paribas on Oct. 10,
		2008, and the Transactions To Be
		Entered into with BNP Paribas and the
		Federal Participation and Investment
		Corporation (Voting)
02/11/09 - S	Fortis SA/NV		B4399L102			None		3,912
		Special Meeting Agenda
		Management Nominees Up for Board
		Election
Mgmt Rec - Company Management Recommended Vote								Page 6

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Elect Directors		For	For		Mgmt
		Shareholder Nominees Up for Board
		Election
	3.3	Elect Philippe Casier as Director		None	For		ShrHoldr
		(Voting)
	3.4	Elect Jozef De Mey as Director (Voting)		None	For		ShrHoldr
	3.5	Elect Andrew Doman as Director		None	For		ShrHoldr
		(Voting)
	3.6	Elect Georges Ugeux as Director		None	For		ShrHoldr
		(Voting)
	3.7	Elect Dirk van Daele as Director		None	Against		ShrHoldr
		(Voting)
	3.8	Elect Jan Zegering Hadders as Director		None	For		ShrHoldr
		(Voting)
	4	Close Meeting (Non-Voting)		None	None		Mgmt
02/13/09 - S	Quest Software, Inc. *QSFT*		74834T103			12/31/08		1,773
	1	Change State of Incorporation from		For	For		Mgmt
		California to Delaware
	2	Adjourn Meeting		For	For		Mgmt
02/19/09 - A	Microsemi Corp. *MSCC*		595137100			01/02/09		1,257
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director James J. Peterson --- For
	1.2	Elect Director Dennis R. Leibel ---
		Withhold
	1.3	Elect Director Thomas R. Anderson ---
		For
	1.4	Elect Director William E. Bendush ---
		For
	1.5	Elect Director William L. Healey ---
		Withhold
	1.6	Elect Director Paul F. Folino --- Withhold
	1.7	Elect Director Matthew E. Massengill ---
		Withhold
	2	Ratify Auditors		For	For		Mgmt
02/19/09 - A	Ruddick Corporation *RDK*		781258108			12/12/08		843
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
02/25/09 - A	Apple Inc. *AAPL*		037833100			12/29/08		2,108
	1	Elect Directors		For	For		Mgmt
	2	Report on Political Contributions		Against	Against		ShrHoldr
	3	Adopt Principles for Health Care Reform		Against	Against		ShrHoldr
	4	Prepare Sustainability Report		Against	Against		ShrHoldr
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 7

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Executive Officers' Compensation
03/02/09 - S	Xstrata plc		G9826T102			None		961
	1	Approve Acquisition by Xstrata Group of		For	For		Mgmt
		the Prodeco Business, the Granting by
		Xstrata (Schweiz) AG of the Call Option
		to Glencore and the Disposal by Xstrata
		Group of the Prodeco Business to
		Glencore (If and When the Call Option
		is Exercised)
	2	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from USD
		750,000,000.50 and GBP 50,000 to
		USD 2,250,000,000.50 and GBP 50,000
	3	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 991,254,176 (Rights Issue);
		Otherwise up to USD 493,363,149
	4	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 74,004,472
03/04/09 - A	Hologic, Inc. *HOLX*		436440101			01/16/09		3,461
	1	Elect Directors		For	For		Mgmt
	2	Approve Repricing of Options		For	For		Mgmt
	3	Adjourn Meeting		For	Against		Mgmt
03/04/09 - A	Parametric Technology Corp.		699173209			01/05/09		1,750
	*PMTC*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
03/05/09 - A	AECOM Technology		00766T100			01/05/09		1,546
	Corporation *ACM*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
03/10/09 - A	The Walt Disney Company		254687106			01/09/09		4,762
	*DIS*
	1	Elect Director Susan E. Arnold		For	For		Mgmt
	2	Elect Director John E. Bryson		For	For		Mgmt
	3	Elect Director John S. Chen		For	For		Mgmt
	4	Elect Director Judith L. Estrin		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 8

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Elect Director Robert A. Iger		For	For		Mgmt
	6	Elect Director Steven P. Jobs		For	For		Mgmt
	7	Elect Director Fred H. Langhammer		For	For		Mgmt
	8	Elect Director Aylwin B. Lewis		For	For		Mgmt
	9	Elect Director Monica C. Lozano		For	For		Mgmt
	10	Elect Director Robert W. Matschullat		For	For		Mgmt
	11	Elect Director John E. Pepper , Jr.		For	For		Mgmt
	12	Elect Director Orin C. Smith		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Amend Omnibus Stock Plan		For	Against		Mgmt
	15	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	16	Report on Political Contributions		Against	Against		ShrHoldr
	17	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
	18	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
03/11/09 - A	Franklin Resources, Inc.		354613101			01/12/09		659
	*BEN*
	1	Elect Director Samuel H. Armacost		For	For		Mgmt
	2	Elect Director Charles Crocker		For	For		Mgmt
	3	Elect Director Joseph R. Hardiman		For	For		Mgmt
	4	Elect Director Robert D. Joffe		For	For		Mgmt
	5	Elect Director Charles B. Johnson		For	For		Mgmt
	6	Elect Director Gregory E. Johnson		For	For		Mgmt
	7	Elect Director Rupert H. Johnson, Jr.		For	For		Mgmt
	8	Elect Director Thomas H. Kean		For	For		Mgmt
	9	Elect Director Chutta Ratnathicam		For	For		Mgmt
	10	Elect Director Peter M. Sacerdote		For	For		Mgmt
	11	Elect Director Laura Stein		For	For		Mgmt
	12	Elect Director Anne M. Tatlock		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Amend Executive Incentive Bonus Plan		For	For		Mgmt
03/12/09 - A	Banco Bilbao Vizcaya		E11805103			None		6,118
	Argentaria, S.A.
	1	Approve Individual and Consolidated		For	For		Mgmt
		Financial Statements and Statutory
		Reports; Approve Allocation of Income
		and Distribution of Dividends for Fiscal
		Year Ended Dec. 31, 2007; Approve
		Discharge of Directors
	2.1	Add New Article 53 bis to the		For	For		Mgmt
		Company's Bylaws Regarding
		Distribution of Stock Dividend Charged
		to Share Issuance Premium Reserve
	2.2	Approve Stock Dividend from Treasury		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 9

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Shares for Distribution to Shareholders
		Charged to Share Issuance Premium
		Reserve
	3	Approve Merger by Absorption of Banco		For	For		Mgmt
		de Credito Local de Espana, S.A.U. and
		BBVA Factoring E.F.C., S.A.U. by
		Company; Approve Merger Balance
		Sheet as of Dec. 31, 2008
	4	Elect Directors		For	For		Mgmt
	5	Approve Increase in Capital in		For	For		Mgmt
		Accordance with Article 153.1.b of
		Spanish Company Law Up to 50
		Percent of Capital and with the Powers
		to Exclude Preemptive Rights
	6	Authorize Increase in Capital via		For	For		Mgmt
		Issuance of Fixed Debt Securities Non-
		Convertible up to the Amount of EUR 50
		Billion
	7	Authorize Share Repurchase and		For	For		Mgmt
		Subsequent Capital Reduction via
		Amortization of Shares
	8.1	Liquidation of Long-Term Compensation		For	For		Mgmt
		Plan for Years 2006-2008
	8.2	Approve Variable Remuneration for		For	For		Mgmt
		Fiscal Years 2009-2010 Consisting of
		the Delivery of Company's Shares for
		Executive Officers, Including Executive
		Members of the Board and Members of
		the Executive Committee
	9	Re-elect Auditors for Fiscal Year 2009		For	For		Mgmt
	10	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
03/16/09 - S	ASSURED GUARANTY LTD		G0585R106			02/06/09		1,472
	*AGO*
	1	Approve Issuance of Shares to Dexia		For	For		Mgmt
		Holdings, Inc. in Connection with the
		Acquisition of Financial Security
		Assurance Holdings Ltd.
	2	Approve Issuance of Shares to WLR		For	For		Mgmt
		Recovery Fund IV, L.P. in Connection
		with the Financing of the Acquisition of
		Financial Security Assurance Holdings
		Ltd.
03/18/09 - A	Hewlett-Packard Company		428236103			01/20/09		6,228
	*HPQ*
	1	Elect Director Lawrence T. Babbio, Jr.		For	For		Mgmt
	2	Elect Director Sari M. Baldauf		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 10

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Elect Director Rajiv L. Gupta		For	For		Mgmt
	4	Elect Director John H. Hammergren		For	For		Mgmt
	5	Elect Director Mark V. Hurd		For	For		Mgmt
	6	Elect Director Joel Z. Hyatt		For	For		Mgmt
	7	Elect Director John R. Joyce		For	For		Mgmt
	8	Elect Director Robert L. Ryan		For	For		Mgmt
	9	Elect Director Lucille S. Salhany		For	For		Mgmt
	10	Elect Director G. Kennedy Thompson		For	For		Mgmt
	11	Ratify Auditors		For	For		Mgmt
03/19/09 - A	Hovnanian Enterprises, Inc.		442487203			01/22/09		4,621
	*HOV*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
03/19/09 - S	HSBC Holdings plc		G4634U169			None		17,370
	1	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from USD
		7,500,100,000, GBP 401,500 and EUR
		100,000 to USD 10,500,100,000, GBP
		401,500 and EUR 100,000
	2	Subject to the Passing of Resolution 1,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 2,530,200,000 (Rights Issue)
	3	Subject to the Passing of Resolution 2,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 2,530,200,000 (Rights Issue)
03/19/09 - A	Iberdrola S.A.		E6165F166			None		5,442
	1	Accept Individual and Consolidated		For	For		Mgmt
		Financial Statements and Statutory
		Reports for Fiscal Year 2008
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Receive Management's Report on		For	For		Mgmt
		Company and Consolidated Group
	4	Approve Discharge of Directors		For	For		Mgmt
	5	Re-Appoint Auditors for Company and		For	For		Mgmt
		Consolidated Group for Fiscal Year
		2009
	6	Ratify Appointment of Mrs. Samantha		For	For		Mgmt
		Barber as Independent Director
	7	Authorize Repurchase of Shares in the		For	For		Mgmt
		Amount of up to 5 Percent of Share
Mgmt Rec - Company Management Recommended Vote								Page 11

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Capital; Void Authorization Granted at
		the AGM held on April 17, 2008
	8	Authorize the Board to Issue		For	For		Mgmt
		Bonds/Debentures/Other Debt
		Securities up to Aggregate Nominal
		Amount of EUR 20 Billion and
		Promissory Notes up to an Amount of
		EUR 6 Billion; Void Authorization
		Granted at the AGM held on April 17,
		2008
	9	Authorize Issuance of		For	For		Mgmt
		Bonds/Debentures/Warrants With Pre-
		Emptive Rights up to Aggregate
		Nominal Amount of EUR 5 billion
	10	Approve the Listing and Delisting of		For	For		Mgmt
		Shares, Debt Securities, Bonds,
		Promissory Notes, and Preferred Stock,
		in Spain and Foreign Secondary
		Markets; Void Authorization Granted at
		the AGM held on April 17, 2008
	11	Authorize Board to Approve the		For	For		Mgmt
		Creation of Foundation; Void
		Authorization Granted at the AGM held
		on April 17, 2008
	12.1	Amend Articles 23, 28, 34, 36, 37, 38,		For	For		Mgmt
		45, 46, 47, and 49 of Company Bylaws
	12.2	Amend Articles 57 and 58 of Company		For	For		Mgmt
		Bylaws
	13	Amend and Approve New Text of		For	For		Mgmt
		General Meeting Guidelines
	14	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
03/23/09 - A	Clarcor, Inc. *CLC*		179895107			02/06/09		758
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
03/26/09 - A	Vestas Wind System AS		K9773J128			None		241
	1	Receive Report of Board		None	None		Mgmt
	2	Receive and Approve Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Omission of Dividends
	4a	Reelect Bent Carlsen as Director		For	For		Mgmt
	4b	Reelect Torsten Rasmussen as Director		For	For		Mgmt
	4c	Reelect Freddy Frandsen as Director		For	For		Mgmt
	4d	Reelect Joergen Rasmussen as		For	For		Mgmt
		Director
	4e	Reelect Joern Ankaer Thomsen as		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 12

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Director
	4f	Reelect Kurt Anker Nielsen as Director		For	For		Mgmt
	4g	Elect Haakan Eriksson as New Director		For	For		Mgmt
	4h	Elect Ola Rollen as New Director		For	For		Mgmt
	5a	Ratify PricewaterhouseCoopers as		For	For		Mgmt
		Auditor
	5b	Ratify KPMG as Auditor		For	For		Mgmt
	6.1	Approve Guidelines for Incentive-Based		For	For		Mgmt
		Compensation for Executive
		Management
	6.2	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Other Business (Non-Voting)		None	None		Mgmt
03/27/09 - S	BNP Paribas		F1058Q238			03/24/09		1,267
		Special Business
	1	Authorize New Class of Preferred Stock		For	For		Mgmt
		(Class B) and Amend Bylaws
		Accordingly, Subject to Approval of Item
		2
	2	Authorize Issuance of Preferred Stock		For	For		Mgmt
		(Class B) in Favor of Societe de Prise
		de Participation de l'Etat (SPPE) for up
		to Aggregate Nominal Amount of EUR
		608,064,070, Subject to Approval of
		Item 1
	3	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	4	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 1 Billion for Bonus Issue or
		Increase in Par Value, Subject to
		Approval of Items 1 and 2
	5	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
03/27/09 - A	Canon Inc. *7751*		J05124144			12/31/08		1,504
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JY 55
	2	Amend Articles to Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
	4	Approve Retirement Bonus for Director		For	For		Mgmt
	5	Approve Payment of Annual Bonuses to		For	For		Mgmt
		Directors
	6	Approve Stock Option Plan		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 13

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
03/27/09 - A	Royal Philips Electronics		N6817P109			03/05/09		1,814
	N.V.
		Annual Meeting
	1	President's Speech		None	None		Mgmt
	2a	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2b	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	2c	Approve Dividends of EUR 0.70 Per		For	For		Mgmt
		Share
	2d	Approve Discharge of Management		For	For		Mgmt
		Board
	2e	Approve Discharge of Supervisory		For	For		Mgmt
		Board
	3	Reelect P-J. Sivignon to Management		For	For		Mgmt
		Board
	4a	Elect J.J. Schiro to Supervisory Board		For	For		Mgmt
	4b	Elect J. van der Veer to Supervisory		For	For		Mgmt
		Board
	4c	Elect C.A. Poon to Supervisory Board		For	For		Mgmt
	5	Amend Long-Term Incentive Plan		For	For		Mgmt
	6a	Grant Board Authority to Issue Shares		For	For		Mgmt
		Up To 10 Percent of Issued Capital Plus
		Additional 10 Percent in Case of
		Takeover/Merger
	6b	Authorize Board to Exclude Preemptive		For	For		Mgmt
		Rights from Issuance under Item 6a
	7	Authorize Repurchase of Shares		For	For		Mgmt
	8	Other Business (Non-Voting)		None	None		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 14

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/12/09 - A	3M CO *MMM*		88579Y101			03/13/09		1,979
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Bylaws-- Call Special Meetings		Against	Against		ShrHoldr
		Currently, shareholders have 25% right to call special
		meeting.
	4	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		that stock ownerhip guidelines already in place are
		not appropriate or that proposal will result in
		improved shareholder returns.
04/24/09 - A	Abbott Laboratories *ABT*		002824100			02/25/09		3,875
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
	3	Approve Nonqualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
	5	Report on Animal Testing		Against	Against		ShrHoldr
		Mgmt responded meaningfully; company has already
		achieved overal goals of proposal, does not appear
		to be non-compliance with current law; no evidence
		that proposal would improve shareholder returns.
	6	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Mgmt responded meaningfully; no evidence that
		company is not in compliance with current law or that
		proposal would improve shareholder returns; issues
		more appropriately addressed at federal and state
		government levels.
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Same language as previously supported by PPC.
06/18/09 - A	Aeropostale, Inc *ARO*		007865108			04/23/09		1,116
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/04/09 - A	AFLAC Incorporated *AFL*		001055102			02/24/09		1,203
	1	Elect Directors		For	For		Mgmt
	2	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	3	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 1

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/14/09 - A	Alexanders, Inc *ALX*		014752109			03/13/09		108
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	Alexandria Real Estate		015271109			03/31/09		566
	Equities, Inc. *ARE*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Joel S. Marcus --- For
	1.2	Elect Director Richard B. Jennings ---
		Withhold
		Comp committee member during period of poor pau
		practices; CEO pay significantly above
		peers/company performance below peers; CEO tax
		gross-ups on restricted stock awards (up to $1 mil).
	1.3	Elect Director John L. Atkins, III --- For
	1.4	Elect Director Richard H. Klein ---
		Withhold
		Comp committee member during period of poor pau
		practices; CEO pay significantly above
		peers/company performance below peers; CEO tax
		gross-ups on restricted stock awards (up to $1 mil).
	1.5	Elect Director James H. Richardson ---
		For
	1.6	Elect Director Martin A. Simonetti ---
		For
	1.7	Elect Director Alan G. Walton ---
		Withhold
		Comp committee member during period of poor pau
		practices; CEO pay significantly above
		peers/company performance below peers; CEO tax
		gross-ups on restricted stock awards (up to $1 mil).
	2	Ratify Auditors	For		For		Mgmt
05/13/09 - A	Alexion Pharmaceuticals,		015351109			03/24/09		1,164
	Inc. *ALXN*
	1	Elect Directors	For		For		Mgmt
	2	Ratify Auditors	For		For		Mgmt
05/27/09 - A	Alliance Healthcare Service,		018606202			04/16/09		4,241
	Inc. *AIQ*
	1	Elect Directors	For		For		Mgmt
	2	Amend Omnibus Stock Plan	For		Against		Mgmt
		Plan's cost of 14.77% exceeds allowable cap of
Mgmt Rec - Company Management Recommended Vote								Page 2

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		13.91%.
	3	Ratify Auditors		For	For		Mgmt
04/29/09 - A	Allianz SE (formerly Allianz		D03080112			None		670
	AG)
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 3.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Elect Karl Grimm to the Supervisory		For	For		Mgmt
		Board
	6	Authorize Repurchase of up to 5		For	For		Mgmt
		Percent of Issued Share Capital for
		Trading Purposes
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Authorize Use of Financial Derivatives		For	For		Mgmt
		of up to 5 Percent of Issued Share
		Capital When Repurchasing Shares
	9	Amend Articles Re: Entry of Nominees		For	For		Mgmt
		in the Shareholders' Register
	10	Amend Articles Re: First Supervisory		For	For		Mgmt
		Board of Allianz SE, Electronic
		Participation in the Annual Meeting,
		and Audio and Video Transmission of
		Annual Meeting due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
	11	Approve Affiliation Agreement with		For	For		Mgmt
		Subsidiary Allianz Shared Infrastructure
		Services SE
05/20/09 - A	Alpha Natural Resources,		02076X102			03/23/09		1,066
	Inc. *ANR*
	1	Elect Directors		For	For		Mgmt
	2	Increase Authorized Common Stock		For	For		Mgmt
		Passes Mellon calculations.
	3	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 3

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/23/09 -	Alstom		F0259M475			06/18/09		311
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.12 per Share
	4	Approve Special Auditors' Report		For	For		Mgmt
		Regarding Ongoing Related-Party
		Transaction
	5	Approve Transaction with Patrick Kron		For	For		Mgmt
	6	Ratify PricewaterhouseCoopers Audit		For	For		Mgmt
		as Auditor
	7	Ratify Mazars as Auditor		For	For		Mgmt
	8	Ratify Yves Nicolas as Alternate		For	For		Mgmt
		Auditor
	9	Ratify Patrick de Cambourg as		For	For		Mgmt
		Alternate Auditor
	10	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	11	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	12	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/06/09 - A	Altra Holdings Inc. *AIMC*		02208R106			03/23/09		2,422
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Edmund M. Carpenter ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.2	Elect Director Carl R. Christenson ---
		For
	1.3	Elect Director Lyle G. Ganske --- For
	1.4	Elect Director Michael L. Hurt --- For
	1.5	Elect Director Michael S. Lipscomb ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director Larry McPherson ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.7	Elect Director James H. Woodward Jr. -
		-- For
Mgmt Rec - Company Management Recommended Vote								Page 4

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Ratify Auditors		For	For		Mgmt
04/30/09 - A	American Axle and		024061103			03/03/09		4,757
	Manufacturing Holdings, Inc.
	*AXL*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Salvatore J. Bonanno,
		Sr. --- For
		New board member.
	1.2	Elect Director David C. Dauch --- For
		New board member.
	1.3	Elect Director Forest J. Farmer ---
		Withhold
		Poor pay practices; pay/performance disconnect;
		multiple entrencement devices.
	1.4	Elect Director Richard C. Lappin ---
		Withhold
		Poor pay practices; pay/performance disconnect;
		multiple entrencement devices.
	1.5	Elect Director Thomas K. Walker ---
		Withhold
		Poor pay practices; pay/performance disconnect;
		multiple entrencement devices.
	2	Ratify Auditors		For	For		Mgmt
06/04/09 - A	American Equity Investment		025676206			04/09/09		4,498
	Life Holding *AEL*
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 8.02% is within allowable cap of
		9.15%.
	3	Ratify Auditors		For	For		Mgmt
04/27/09 - A	American Express Co. *AXP*		025816109			02/27/09		3,103
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director D.F. Akerson --- For
	1.2	Elect Director C. Barshefsky --- For
	1.3	Elect Director U.M. Burns --- For
	1.4	Elect Director K.I. Chenault --- For
	1.5	Elect Director P. Chernin --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
Mgmt Rec - Company Management Recommended Vote								Page 5

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.6	Elect Director J. Leschly --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.7	Elect Director R.C. Levin --- For
	1.8	Elect Director R.A. Mcginn --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.9	Elect Director E.D. Miller --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.10	Elect Director S.S Reinemund --- For
	1.11	Elect Director R.D. Walter --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.12	Elect Director R.A. Williams --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Pay/performance disconnect and poor pay practices.
	4	Provide for Cumulative Voting		Against	Against		ShrHoldr
	5	Amend Bylaws-- Call Special Meetings		Against	For		ShrHoldr
		Currently no right to call special meeting or act by
		written consent.
06/30/09 - A	American International		026874107			05/22/09		8,357
	Group, Inc. *AIG*
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Dennis D. Dammerman -
		-- For
	1.2	Elect Director Harvey Golub --- For
	1.3	Elect Director Laurette T. Koellner ---
		For
	1.4	Elect Director Edward M. Liddy --- For
	1.5	Elect Director Christopher S. Lynch ---
		For
	1.6	Elect Director Arthur C. Martinez --- For
		Sits on 7 boards but will reducs to 4 within			12
		months.
	1.7	Elect Director George L. Miles, Jr. ---
		For
	1.8	Elect Director Robert S. Miller --- For
	1.9	Elect Director Suzanne Nora Johnson -
		-- For
	1.10	Elect Director Morris W. Offit --- For
Mgmt Rec - Company Management Recommended Vote								Page 6

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.11	Elect Director Douglas M. Steenland ---
		For
	2	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices at the moment;
		remediation of prior poor practices appears to be in
		place but will require ongoing monitoring.
	3	Increase Authorized Common Stock		For	For		Mgmt
	4	Approve Reverse Stock Split		For	For		Mgmt
	5	Increase Authorized Preferred Stock		For	Against		Mgmt
	6	Amend Certificate of Incorporation		For	For		Mgmt
		No negative impact to common shareholder if
		approved; of not approved required to be presented
		to shareholders every 12 months.
	7	Amend Certificate of Incorporation to		For	For		Mgmt
		Eliminate Restrictions on Pledge of
		Assets
		Needed to comply with NY Fed agreement.
	8	Ratify Auditors		For	For		Mgmt
	9	Stock Retention/Holding Period		Against	For		ShrHoldr
		Though TARP rules govern executive comp now,
		company did not indicate what its stock retention
		policy would be post-TARP.
	10	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		25% threshold is already in place as well as right to
		act by written consent.
	11	Reincorporate in Another State [from		Against	Against		ShrHoldr
		Delaware to North Dakota]
05/07/09 - A	AmeriGroup Corp. *AGP*		03073T102			03/09/09		151
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 11.85% is within allowable cap of
		12.35%.
05/06/09 - A	Amgen, Inc. *AMGN*		031162100			03/09/09		2,686
	1	Elect Director David Baltimore		For	For		Mgmt
	2	Elect Director Frank J. Biondi, Jr.		For	For		Mgmt
	3	Elect Director Francois de Carbonnel		For	For		Mgmt
	4	Elect Director Jerry D. Choate		For	For		Mgmt
	5	Elect Director Vance D. Coffman		For	For		Mgmt
	6	Elect Director Frederick W. Gluck		For	For		Mgmt
	7	Elect Director Frank C. Herringer		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 7

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Elect Director Gilbert S. Omenn		For	For		Mgmt
	9	Elect Director Judith C. Pelham		For	For		Mgmt
	10	Elect Director J. Paul Reason		For	For		Mgmt
	11	Elect Director Leonard D. Schaeffer		For	For		Mgmt
	12	Elect Director Kevin W. Sharer		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Approve Omnibus Stock Plan		For	Against		Mgmt
	15	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
	16	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
		Share holds do not currently have right to written
		consect or special meeting.
	17	Reincorporate in Another State [from		Against	Against		ShrHoldr
		Delaware to North Dakota ]
		No evidence that cost of move will be offset by
		improved shareholder returns or rights that cannot or
		have not been achieved in current state.
05/04/09 - A	Amkor Technology, Inc.		031652100			03/20/09		3,570
	*AMKR*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director James J. Kim --- For
	1.2	Elect Director Roger A. Carolin ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect.
	1.3	Elect Director Winston J. Churchill ---
		For
	1.4	Elect Director John T. Kim --- For
	1.5	Elect Director Stephen G. Newberry ---
		For
	1.6	Elect Director John F. Osborne ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect.
	1.7	Elect Director James W. Zug --- For
	2	Ratify Auditors		For	For		Mgmt
04/15/09 - A	Anglo American plc		G03764134			None		2,119
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Re-elect David Challen as Director		For	For		Mgmt
	3	Re-elect Dr Chris Fay as Director		For	For		Mgmt
	4	Re-elect Sir Rob Margetts as Director		For	For		Mgmt
	5	Re-elect Sir Mark Moody-Stuart as		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 8

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Director
	6	Re-elect Fred Phaswana as Director		For	For		Mgmt
	7	Re-elect Mamphela Ramphele as		For	For		Mgmt
		Director
	8	Re-elect Peter Woicke as Director		For	For		Mgmt
	9	Reappoint Deloitte LLP as Auditors of		For	For		Mgmt
		the Company
	10	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	11	Approve Remuneration Report		For	For		Mgmt
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 72,300,000
	13	Subject to the Passing of Resolution		For	For		Mgmt
		12, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 36,100,000
	14	Authorise 197,300,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
05/12/09 - A	Anixter International Inc.		035290105			03/20/09		697
	*AXE*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/14/09 - A	Ansys, Inc. *ANSS*		03662Q105			03/18/09		1,300
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/06/09 - A	AptarGroup, Inc. *ATR*		038336103			03/12/09		1,124
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/12/09 -	ArcelorMittal		L0302D129			None		3,008
A/S
		Annual Meeting
	1	Receive Consolidated Financial		None	None		Mgmt
		Statements and Directors' and Auditors'
		Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements
	3	Accept Financial Statements		For	For		Mgmt
	4	Acknowledge Allocation of Income and		For	For		Mgmt
		Dividends
	5	Approve Allocation of Income and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 9

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Dividends of USD 0.75 per Share
	6	Approve Remuneration of Directors		For	For		Mgmt
	7	Approve Discharge of Directors		For	For		Mgmt
	8	Approve Retirement of Directors		For	For		Mgmt
	9	Reelect Narayanan Vaghul as Director		For	Against		Mgmt
		Effective boards exercise independent judgment
		when carrying out their fiduciary responsibilities. By
		requiring a majority of the board to consist of
		independent directors, the possibility of conflicts of
		interest is reduced and the quality of board oversight
		is increased. For this market, a vote against the
		election or reelection of any non-independent
		directors (excluding the CEO) is warranted if the
		proposed board does not consist of a majority of
		independent directors. At ArcelorMittal, only 23
		percent of the board is independent. As the election
		of the nominees will not increase the proportion of
		independent directors among the board, these
		proposals do not merit support.
	10	Reelect Wilbur L. Ross as Director		For	Against		Mgmt
	11	Reelect Francois Pinault as Director		For	Against		Mgmt
		Effective boards exercise independent judgment
		when carrying out their fiduciary responsibilities. By
		requiring a majority of independent directors, the
		possibility of conflicts of interest is reduced and the
		quality of board oversight is increased. For this
		market, RMG will recommend a vote for the election
		or reelection of any non-independent directors
		(excluding the CEO) if the proposed board consists
		of a majority of independent directors. At
		ArcelorMittal, 23 percent of the board is independent.
		As the election of the nominee who is considered to
		be a non-independent director for the reasons set
		forth above, will not increase the number of
		independent directors on the board, this proposal
		does not merit approval.
	12	Approve Share Repurchase Program		For	Against		Mgmt
		As the share repurchase program can be continued
		during a takeover period, opposition to this proposal
		is warranted.
	13	Ratify Deloitte SA as Auditors		For	For		Mgmt
	14	Approve Bonus Plan		For	For		Mgmt
	15	Approve Stock Option Plan		For	Against		Mgmt
		Because the potential dilution under all stock option
		plans and convertible bonds exceeds 5 percent, the
		company has failed to attach challenging
		performance criteria, and part of the allocated
		options vest before three years, a vote against this
		proposal is warranted.
Mgmt Rec - Company Management Recommended Vote								Page 10

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	16	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
		Special Meeting
	17	Approve Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights and Amend Article 5.5
		Accordingly
06/17/09 - S	ArcelorMittal		L0302D129			None		1,504
		Special Meeting
	1	Approve Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights Within Limits of Authorized
		Capital and Amend Article 5.5
		Accordingly
04/29/09 - A	Aspen Insurance Holdings,		G05384105			03/02/09		1,595
	Ltd. *AHL*
	1	Elect Directors		For	For		Mgmt
	2	Appoint KPMG Audit Plc as Auditors		For	For		Mgmt
		and Authorize Board to Fix Their
		Remuneration
	3	Adopt the Amended and Restated Bye-		For	For		Mgmt
		laws
	4	Adopt the Amendments to the		For	For		Mgmt
		Memorandum of Association
	5.1	Elect Glyn Jones as Director of Aspen		For	For		Mgmt
		Insurance UK Limited
	5.2	Elect Christopher O'Kane as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.3	Elect Richard Bucknall as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.4	Elect Ian Cormack as Director of Aspen		For	For		Mgmt
		Insurance UK Limited
	5.5	Elect Richard Houghton as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.6	Elect Stephen Rose as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.7	Elect Oliver Peterken as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.8	Elect Heidi Hutter as Director of Aspen		For	For		Mgmt
		Insurance UK Limited
	6	Amend Aspen Insurance UK Limited's		For	For		Mgmt
		Articles of Association
	7.1	Elect Christopher O'Kane as Director of		For	For		Mgmt
		Aspen Insurance UK Services Limited
	7.2	Elect Richard Houghton as Director of		For	For		Mgmt
		Aspen Insurance UK Services Limited
	7.3	Elect Stephen Rose as Director of		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 11

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Aspen Insurance UK Services Limited
	8	Amend Aspen Insurance UK Services		For	For		Mgmt
		Limited's Articles of Association
	9.1	Elect Christopher O'Kane as Director of		For	For		Mgmt
		Aspen Insurance (UK) Holdings Limited
	9.2	Elect Richard Houghton as Director of		For	For		Mgmt
		Aspen Insurance (UK) Holdings Limited
	9.3	Elect Stephen Rose as Director of		For	For		Mgmt
		Aspen Insurance (UK) Holdings Limited
	10	Amend Aspen (UK) Holdings Limited's		For	For		Mgmt
		Articles of Association
	11.1	Elect Stephen Rose as Director of		For	For		Mgmt
		AIUK Trustees Limited
	11.2	Elect John Henderson as Director of		For	For		Mgmt
		AIUK Trustees Limited
	11.3	Elect Christopher Woodman as Director		For	For		Mgmt
		of AIUK Trustees Limited
	11.4	Elect Michael Cain as Director of AIUK		For	For		Mgmt
		Trustees Limited
	11.5	Elect Katharine Wade as Director of		For	For		Mgmt
		AIUK Trustees Limited
	12	Amend AIUK Trustees Limited's		For	For		Mgmt
		Articles of Association
	13.1	Elect Karen Green as Director of Aspen		For	For		Mgmt
		Underwriting Limited
	13.2	Elect Christopher O'Brien as Director of		For	For		Mgmt
		Aspen Underwriting Limited
	14	Amend Aspen Underwriting Limited's		For	For		Mgmt
		Articles of Association
	15.1	Elect Richard Bucknall as Director of		For	For		Mgmt
		Aspen Managing Agency Limited
	15.2	Elect John Hobbs as Director of Aspen		For	For		Mgmt
		Managing Agency Limited
	15.3	Elect James Ingham Clark as Director		For	For		Mgmt
		of Aspen Managing Agency Limited
	15.4	Elect Robert Long as Director of Aspen		For	For		Mgmt
		Managing Agency Limited
	15.5	Elect Christopher O'Brien as Director of		For	For		Mgmt
		Aspen Managing Agency Limited
	15.6	Elect Matthew Yeldham as Director of		For	For		Mgmt
		Aspen Managing Agency Limited
	15.7	Elect Karen Green as Director of Aspen		For	For		Mgmt
		Managing Agency Limited
	15.8	Elect Heidi Hutter as Director of Aspen		For	For		Mgmt
		Managing Agency Limited
	16	Amend Aspen Managing Agency		For	For		Mgmt
		Limited's Articles of Association
	17.1	Elect Christopher O'Kane as Director of		For	For		Mgmt
		Aspen Insurance Ltd. and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
Mgmt Rec - Company Management Recommended Vote								Page 12

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Directors
	17.2	Elect Julian Cusack as Director of		For	For		Mgmt
		Aspen Insurance Ltd. and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.3	Elect James Few as Director of Aspen		For	For		Mgmt
		Insurance Limited and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.4	Elect Oliver Peterken as Director of		For	For		Mgmt
		Aspen Insurance Limited and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.5	Elect David Skinner as Director of		For	For		Mgmt
		Aspen Insurance Ltd. and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.6	Elect Karen Green as Director of Aspen		For	For		Mgmt
		Insurance Limited and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.7	Elect Heather Kitson as Director of		For	For		Mgmt
		Aspen Insurance Limited and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	18	Appoint KPMG Audit Plc as Auditor of		For	For		Mgmt
		Aspen Insurance Limited and Authorize
		its Board to Fix Their Remuneration
	19	Amend Aspen Insurance Limited's Bye-		For	For		Mgmt
		Laws
	20	Amend Aspen Insurance Limited's		For	For		Mgmt
		Memorandum of Association
04/24/09 - A	Assicurazioni Generali Spa		T05040109			04/22/09		1,639
		Ordinary Business
	1	Accept Financial Statements,		For	For		Mgmt
		Consolidated Financial Statements,
		Statutory Reports and External
		Auditors' Reports; Allocation of Income
Mgmt Rec - Company Management Recommended Vote								Page 13

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Elect Director		For	Against		Mgmt
		The company has several corporate governance
		issues. First, it does not comply with the Italian
		corporate governance code in term of lead
		independent director. Second, several directors have
		an attendance rate that is below 45 (Muller has not
		attended a single board meeting since 2006). Finally,
		the company failed to provide the name of the
		nominee to be elected as director. Therefore,
		given the lack of disclosure with respect to board
		nominee and the company's adherence to poor
		corporate governance practices in general, this
		resolution does not warrant approval.
	3	Fix Number of Members and Elect		For	For		Mgmt
		Consiglio Generale (Advisory Body)
05/07/09 - A	ASSURED GUARANTY LTD		G0585R106			03/17/09		1,657
	*AGO*
	1	Elect Directors		For	For		Mgmt
	2	Amend 2004 Long-Term Incentive Plan		For	For		Mgmt
	3	Amend Employee Stock Purchase Plan		For	For		Mgmt
	4	Ratify PricewaterhouseCoopers LLP as		For	For		Mgmt
		the Company's Independent Auditors
		Subsidiary Proposals
	5.1.1	Elect Howard Albert as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.2	Elect Robert A. Bailenson as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.3	Elect Gary Burnet as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.4	Elect Dominic J. Frederico as Director		For	For		Mgmt
		of Assured Guaranty Re Ltd.
	5.1.5	Elect James M. Michener as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.6	Elect Robert B. Mills as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.7	Elect David Penchoff as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.8	Elect Andrew Pickering as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.2	Ratify PricewatehouseCoopers LLP as		For	For		Mgmt
		Assured Guaranty Re Ltd.'s
		Independent Auditors
04/30/09 - A	AstraZeneca plc		G0593M107			None		1,940
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Confirm First Interim Dividend of USD		For	For		Mgmt
		0.55 (27.8 Pence, 3.34 SEK) Per
Mgmt Rec - Company Management Recommended Vote								Page 14

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Ordinary Share; Confirm as Final
		Dividend the Second Interim Dividend
		of USD 1.50 (104.8 Pence, 12.02 SEK)
		Per Ordinary Share
	3	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		of the Company
	4	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	5(a)	Re-elect Louis Schweitzer as Director		For	For		Mgmt
	5(b)	Re-elect David Brennan as Director		For	For		Mgmt
	5(c)	Re-elect Simon Lowth as Director		For	For		Mgmt
	5(d)	Re-elect Bo Angelin as Director		For	For		Mgmt
	5(e)	Re-elect John Buchanan as Director		For	For		Mgmt
	5(f)	Re-elect Jean-Philippe Courtois as		For	For		Mgmt
		Director
	5(g)	Re-elect Jane Henney as Director		For	For		Mgmt
	5(h)	Re-elect Michele Hooper as Director		For	For		Mgmt
	5(i)	Elect Rudy Markham as Director		For	For		Mgmt
	5(j)	Re-elect Dame Nancy Rothwell as		For	For		Mgmt
		Director
	5(k)	Re-elect John Varley as Director		For	For		Mgmt
	5(l)	Re-elect Marcus Wallenberg as		For	For		Mgmt
		Director
	6	Approve Remuneration Report		For	For		Mgmt
	7	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Parties, to Make
		EU Political Donations to Political
		Organisations Other Than Political
		Parties and to Incur EU Political
		Expenditure up to USD 250,000
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 120,636,176
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 18,095,426
	10	Authorise 144,763,412 Ordinary Shares		For	For		Mgmt
		for Market Purchase
04/24/09 - A	AT&T Inc *T*		00206R102			02/25/09		17,128
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Randall L. Stephenson --
		- For
	1.2	Elect Director William F. Aldinger III ---
		Against
		Comp committee member during period of poor pay
		practices.
Mgmt Rec - Company Management Recommended Vote								Page 15

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.3	Elect Director Gilbert F. Amelio ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.4	Elect Director Reuben V. Anderson ---
		For
	1.5	Elect Director James H. Blanchard ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director August A. Busch III ---
		For
	1.7	Elect Director Jaime Chico Pardo ---
		Against
		Sits on 6 public boards.
	1.8	Elect Director James P. Kelly --- For
	1.9	Elect Director Jon C. Madonna --- For
	1.10	Elect Director Lynn M. Martin --- For
	1.11	Elect Director John B. McCoy --- For
	1.12	Elect Director Mary S. Metz --- For
	1.13	Elect Director Joyce M. Roch --- For
	1.14	Elect Director Laura D Andrea Tyson ---
		For
	1.15	Elect Director Patricia P. Upton ---
		Against
		Comp committee member during period of poor pay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Increase Authorized Common Stock		For	For		Mgmt
	4	Report on Political Contributions		Against	Against		ShrHoldr
		Mmgt responded meaningfully; no evidence that
		company is not in compliane with current law or that
		proposal will result in improved shareholder returns.
	5	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholders already have right to act by written
		consent and 25% to call a special meeting.
	6	Provide for Cumulative Voting		Against	Against		ShrHoldr
	7	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	8	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Same non-binding advisory ratification proposal
		previously supported by PPC.
	9	Exclude Pension Credits ftom Earnings		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 16

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Performance Measure
		Employee pension plan income is not company
		income or reflective of company performance.
04/30/09 -	Axa		F06106102			04/27/09		2,578
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.40 per Share
	4	Approve Auditors' Special Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Reelect Jacques de Chateauvieux as		For	For		Mgmt
		Supervisory Board Member
		As a result of Michel Pebereau's executive with BNP
		Paribas and his excessive number of other
		directroships, his reelection does not merit support
	6	Reelect Anthony Hamilton as		For	For		Mgmt
		Supervisory Board Member
	7	Reelect Michel Pebereau as		For	Against		Mgmt
		Supervisory Board Member
	8	Reelect Dominique Reiniche as		For	For		Mgmt
		Supervisory Board Member
	9	Elect Ramon de Oliveira as		For	For		Mgmt
		Supervisory Board Member
	10	Authorize Repurchase of Up to 10		For	Against		Mgmt
		Percent of Issued Share Capital
		As the share repurchase program can be continued
		during a takeover period, provided that the reciprocity
		principle applies, this item does not merit support.
		Special Business
	11	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 1 Billion for Bonus Issue or
		Increase in Par Value
	12	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 2 Billion
	13	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 1 Billion
	14	Authorize Board to Set Issue Price for		For	For		Mgmt
		10 Percent of Issued Capital Pursuant
		to Issue Authority without Preemptive
Mgmt Rec - Company Management Recommended Vote								Page 17

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Rights
	15	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Items 12 to 14 and
		16 to 18
	16	Authorize Capital Increase of Up to		For	For		Mgmt
		EUR 1 Billion for Future Exchange
		Offers
	17	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	18	Authorize Issuance of Equity upon		For	For		Mgmt
		Conversion of a Subsidiary's Equity-
		Linked Securities for Up to EUR 1
		Billion
	19	Approve Issuance of Securities		For	For		Mgmt
		Convertible into Debt
	20	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	21	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for Employees of
		International Subsidiaries
	22	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	23	Authorize Issuance of Preferred Stock		For	Against		Mgmt
		in Favor of Axa Assurances IARD
		Mutuelle and Axa Assurances Vie
		Mutuelle for up to Aggregate Nominal
		Amount of EUR 1 Billion
		Items 23 and 25 could result in treating shareholders
		unequally because of the potentially higher preferred
		dividend rates attached to shares issued to specific
		parties. For this reason, Items 23 and 25 do not merit
		approval.
	24	Authorize Issuance of Preferred Stock		For	For		Mgmt
		with Preemptive Rights for up to
		Aggregate Nominal Amount of EUR 1
		Billion
	25	Authorize Issuance of Preferred Stock		For	Against		Mgmt
		without Preemptive Rights for up to
		Aggregate Nominal Amount of EUR 1
		Billion
	26	Adopt New Articles of Association,		For	For		Mgmt
		Pursuant to Items 23 through 25
	27	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/06/09 - A	BAE Systems plc		G06940103			None		4,671
	1	Accept Financial Statements and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 18

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 8.7 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect Philip Carroll as Director		For	For		Mgmt
	5	Re-elect Ian King as Director		For	For		Mgmt
	6	Re-elect Roberto Quarta as Director		For	For		Mgmt
	7	Re-elect George Rose as Director		For	For		Mgmt
	8	Elect Carl Symon as Director		For	For		Mgmt
	9	Reappoint KPMG Audt plc as Auditors		For	For		Mgmt
		of the Company
	10	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	11	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Parties and/ or
		Independent Election Candidates, to
		Political Organisations Other than
		Political Parties and to Incur EU
		Political Expenditure up to GBP
		100,000
	12	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from GBP
		188,750,001 to GBP 218,750,001
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights Under a General Authority up to
		Aggregate Nominal Amount of GBP
		29,396,313 and an Additional Amount
		Pursuant to a Rights Issue of up to
		GBP 29,396,313
	14	Subject to the Passing of Resolution		For	For		Mgmt
		13, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 4,409,888
	15	Authorise 352,791,045 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	16	Amend Articles of Association by		For	For		Mgmt
		Deleting All the Provisions of the
		Company's Memorandum of
		Association which, by Virtue of Section
		28 of the Companies Act of 2006, are
		to be Treated as Provisions of the
		Company's Articles of Association
	17	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
Mgmt Rec - Company Management Recommended Vote								Page 19

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/02/09 - A	Baldor Electric Co. *BEZ*		057741100			03/16/09		848
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 8.78% exceeds allowable cap of
		8.76%.
	4	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
		Executive officers and key employees will receive
		cash, a credit to the account under the company's
		Supplemental Deferred Compensation Plan, or
		restricted stock and restricted stock units under the
		2006 Equity Incentive Plan.
04/15/09 - A	Banco Latinoamericano de		P16994132			03/11/09		2,364
	Comercio Exterior SA *BLX*
		This is a duplicate meeting for
		ballots received via the Broadridge
		North American Ballot distribution
		system.
	1	TO APPROVE THE BANK S AUDITED		For	For		Mgmt
		FINANCIAL STATEMENTS FOR
		THEFISCAL YEAR ENDED
		DECEMBER 31, 2008 (PROPOSAL 1)
	2	TO APPOINT DELOITTE AS THE		For	For		Mgmt
		BANK S INDEPENDENT AUDITORS
		FOR THEFISCAL YEAR ENDING
		DECEMBER 31, 2009 (PROPOSAL 2)
	3a.i	DIRECTOR GONZALO MENENDEZ		For	For		Mgmt
		DUQUE
	3a.ii	DIRECTOR JAIME RIVERA		For	For		Mgmt
	3b	DIRECTOR WILL C. WOOD		For	For		Mgmt
	4a	TO APPROVE THE PROPOSED		For	For		Mgmt
		AMENDMENTS TO THE ARTICLES
		OF INCORPORATION OF THE BANK
		TO: CHANGE THE BANK'S NAME
	4b	TO APPROVE THE PROPOSED		For	For		Mgmt
		AMENDMENTS TO THE ARTICLES
		OF INCORPORATION OF THE BANK
		TO: MODIFY THE DEFINITION OF
		THE BUSINESS PURPOSE OF THE
		BANK
	4c	TO APPROVE THE PROPOSED		For	For		Mgmt
		AMENDMENTS TO THE ARTICLES
		OF INCORPORATION OF THE BANK
		TO: ALLOW THE ISSUANCE OF
		PREFERRED SHARES
	4d	TO APPROVE THE PROPOSED		For	Against		Mgmt
		AMENDMENTS TO THE ARTICLES
Mgmt Rec - Company Management Recommended Vote								Page 20

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		OF INCORPORATION OF THE BANK
		TO: AUTHORIZE A NEW CLASS OF
		COMMON SHARES
	5	TRANSACT OTHER BUSINESS		None	None		Mgmt
		(NON-VOTING)
06/18/09 - A	Banco Santander S.A.		E19790109			None		9,450
	1	Accept Individual and Consolidated		For	For		Mgmt
		Financial Statements and Statutory
		Reports and Discharge Directors for
		Fiscal Year Ended December 31, 2008
	2	Approve Allocation of Income		For	For		Mgmt
	3	Elect Directors		For	For		Mgmt
	4	Reelect Auditors for Fiscal Year 2009		For	For		Mgmt
	5	Authorize Repurchase of Shares in		For	For		Mgmt
		Accordance With Article 75 of
		Corporate Law; Void Authorization
		Granted on June 21, 2008
	6	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights in Accordance to Article 153 1.a)
		of the Spanish Corporate Law; Void
		Authorization Granted at the AGM held
		on June 21, 2008
	7	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities up to Aggregate
		Nominal Amount of EUR 2.04 Billion
		without Preemptive Rights
	8	Authorize Capitalization of Reserves of		For	For		Mgmt
		0.5: 1 Bonus Issue; Amend Article 5
		Accordingly
	9	Grant Board Authorization to Issue		For	For		Mgmt
		Convertible and/or Exchangeable Debt
		Securities without Preemptive Rights
	10.1	Approve Bundled Incentive Plans		For	For		Mgmt
		Linked to Predetermined Requirements
		such as Total Return Results and EPS
	10.2	Approve Savings Plan for Abbey		For	For		Mgmt
		National Plc' Employees and other
		Companies of Santander Group in the
		U.K.
	10.3	Approve Issuance of 100 Shares to		For	For		Mgmt
		Employees of Sovereign Subsidiary
	11	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
04/29/09 - A	Bank of America Corp. *BAC* 060505104					03/04/09		11,404
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director William Barnet, III --- For
Mgmt Rec - Company Management Recommended Vote								Page 21

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.2	Elect Director Frank P. Bramble, Sr. ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	1.3	Elect Director Virgis W. Colbert --- For
	1.4	Elect Director John T. Collins --- For
	1.5	Elect Director Gary L. Countryman ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director Tommy R. Franks --- For
	1.7	Elect Director Charles K. Gifford --- For
	1.8	Elect Director Kenneth D. Lewis ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	1.9	Elect Director Monica C. Lozano ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	1.10	Elect Director Walter E. Massey --- For
	1.11	Elect Director Thomas J. May --- For
	1.12	Elect Director Patricia E. Mitchell ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.13	Elect Director Joseph W. Prueher ---
		For
	1.14	Elect Director Charles O. Rossotti ---
		For
	1.15	Elect Director Thomas M. Ryan ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.16	Elect Director O. Temple Sloan, Jr. ---
Mgmt Rec - Company Management Recommended Vote								Page 22

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs; comp committee member during
		period of poor pay practices.
	1.17	Elect Director Robert L. Tillman ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	1.18	Elect Director Jackie M. Ward ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Poor pay practices.
	4	Report on Government Service of		Against	Against		ShrHoldr
		Employees
		Management responded meaningfully; evidence of
		non-compliance with current law or that proposal will
		result in improved shareholder returns.
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior proposals supported by PPC.
	6	Provide for Cumulative Voting		Against	Against		ShrHoldr
	7	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Sharehlders already have 25% right to call special
		meeting.
	8	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director already in plac.e
	9	Report on Predatory Lending Policies		Against	Against		ShrHoldr
		Management responded meaningfully; evidence of
		non-compliance with current law or that proposal will
Mgmt Rec - Company Management Recommended Vote								Page 23

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		result in improved shareholder returns.
	10	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Management responded meaningfully; evidence of
		non-compliance with current law or that proposal will
		result in improved shareholder returns.
	11	TARP Related Compensation		Against	Against		ShrHoldr
		Not drafted clearly enought to achieve
		proponent’s goals without being overly
		restrictive to management.
04/23/09 - A	Barclays plc		G08036124			None		11,380
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
		Vote Recommendation The following concerns
		in respect to the Company's remuneration practices
		during the year were considered: - Contractual
		termination provisions including bonus
		element Although the Company has moved to
		cap potential average bonus elements included
		within termination payments for new appointees to no
		more than 100% of basic salary, this is still not
		considered sufficiently in line with ABI/NAPF
		remuneration guidelines which recommend against
		the use of guaranteed bonuses within termination
		arrangements. The Company is strongly
		encouraged to review the inclusion of bonus
		entitlements in its severance arrangements as
		retention of such features will likely result in a
		negative vote recommendation in respect of the
		Company’s remuneration report in future
		years based on the contractual right to a
		bonus. - Unreduced pension on early
		retirement The use of actuarial waivers is not in
		line with the ABI/NAPF's current recommendations
		regarding severance arrangements. Given the
		potential cost implications for the Company, it is
		deemed prudent that the Company reviews this
		element of the pension plan to avoid, where possible,
		significant payment obligations. - Performance
		Share Plan vesting schedule The use of a
		vesting scale that provides a maximum reward
		potential of three times' the size of the initial grant
		obscures visibility by shareholders of the true value
		of grants. The use of EV as the basis for the award
		may have a similar effect. The Company is
		recommended that a less complex approach is
		adopted for the new arrangements to be proposed
Mgmt Rec - Company Management Recommended Vote								Page 24

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		during 2009. Recommendation A number of
		issues are noted in respect of the
		Company’s remuneration practices which
		are not deemed in line with good practices, in
		particular those contractually enshrined within
		service contracts and pension scheme rules.
		Whereas these issues are highlighted in this
		occasion, the retention of such features will likely
		result in a negative vote recommendation in respect
		of the Company’s remuneration report in
		future years. Given the Company’s
		strong remuneration disclosure and moves made
		towards good practice, shareholders are
		recommended to approve the remuneration report
		this year. [VOTE RECOMMENDATION:
		CONTENTIOUS FOR]
	3	Elect Simon Fraser as Director		For	For		Mgmt
	4	Re-elect Marcus Agius as Director		For	For		Mgmt
		Vote Recommendation Given the
		Company’s turnaround in respect of
		proactive shareholder engagement, and the fact that
		the capital raising has now been completed and
		contractual obligations been entered into, as well as
		the Company’s strong relative financial
		performance since 2009, it is not considered
		appropriate to vote against the re-election of Marcus
		Agius. Shareholders are therefore recommended to
		support his re-election, but continue to monitor
		closely the Board’s level of engagement
		with shareholders and protection of their
		interests. [VOTE RECOMMENDATION:
		CONTENTIOUS FOR]
	5	Re-elect David Booth as Director		For	For		Mgmt
	6	Re-elect Sir Richard Broadbent as		For	For		Mgmt
		Director
	7	Re-elect Richard Clifford as Director		For	For		Mgmt
	8	Re-elect Fulvio Conti as Director		For	For		Mgmt
	9	Re-elect Robert Diamond Jr as Director		For	For		Mgmt
	10	Re-elect Sir Andrew Likierman as		For	For		Mgmt
		Director
	11	Re-elect Christopher Lucas as Director		For	For		Mgmt
	12	Re-elect Sir Michael Rake as Director		For	For		Mgmt
	13	Re-elect Stephen Russell as Director		For	For		Mgmt
	14	Re-elect Frederik Seegers as Director		For	For		Mgmt
	15	Re-elect Sir John Sunderland as		For	For		Mgmt
		Director
	16	Re-elect John Varley as Director		For	For		Mgmt
	17	Re-elect Patience Wheatcroft as		For	For		Mgmt
		Director
	18	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
Mgmt Rec - Company Management Recommended Vote								Page 25

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	19	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	20	Authorise Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Organisations up
		to GBP 25,000 and Incur EU Political
		Expenditure up to GBP 100,000
	21	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from GBP
		3,499,000,000 to GBP 5,249,000,000
	22	Issue Equity with Pre-emptive Rights		For	For		Mgmt
		Under a General Authority up to GBP
		738,016,774, USD 77.5M, EUR 40.0M,
		JPY 4.0B and an Additional Amt
		Pursuant to a Rights Issue up to GBP
		1,396,033,549 After Deducting Any
		Securities Issued Under the General
		Authority
	23	Subject to the Passing of Resolution		For	For		Mgmt
		22, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 104,702,516
	24	Authorise 837,620,130 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	25	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
05/07/09 - A	Barnes Group, Inc. *B*		067806109			03/10/09		301
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Thomas J. Albani --- For
	1.2	Elect Director Thomas O. Barnes ---
		For
	1.3	Elect Director Gary G. Benanav ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.4	Elect Director Mylle H. Mangum --- For
	2	Ratify Auditors		For	For		Mgmt
04/30/09 - A	BASF SE (formerly BASF AG) D06216101					04/09/09		1,527
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.95 per Share
	3	Approve Discharge of Supervisory		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 26

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board for Fiscal 2008
	4	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify KPMG AG as Auditors for Fiscal		For	For		Mgmt
		2009
	6	Elect Supervisory Board Member		For	For		Mgmt
	7	Approve Creation of EUR 500 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	8	Amend Articles Re: First Supervisory		For	For		Mgmt
		Board of BASF SE
	9	Approve Remuneration of Supervisory		For	For		Mgmt
		Board
05/12/09 - A	Bayer AG		D07112119			04/21/09		1,040
	1	Receive Financial Statements and		For	For		Mgmt
		Statutory Reports; Approve Allocation
		of Income and Dividends of EUR 1.40
		per Share for Fiscal 2008
	2	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	3	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	4	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	5	Approve Conversion of Bearer Shares		For	For		Mgmt
		into Registered Shares
	6	Amend Articles Re: Allow Electronic		For	For		Mgmt
		Distribution of Company
		Communications
	7	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
05/20/09 - A	Belden, Inc. *BDC*		077454106			03/25/09		418
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 8.99% is within allowable cap of
		9.54%.
05/20/09 - A	Benchmark Electronics, Inc.		08160H101			04/06/09		357
	*BHE*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/18/09 - A	BG Group plc		G1245Z108			None		5,309
	1	Accept Financial Statements and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 27

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 6.55 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Elect Sir David Manning as Director		For	For		Mgmt
	5	Elect Martin Houston as Director		For	For		Mgmt
	6	Re-elect Sir Robert Wilson as Director		For	For		Mgmt
	7	Re-elect Frank Chapman as Director		For	For		Mgmt
	8	Re-elect Ashley Almanza as Director		For	For		Mgmt
	9	Re-elect Jurgen Dormann as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	12	Authorise the Company to Make EU		For	For		Mgmt
		Political Donations to Political Parties or
		Independent Election Candidates up to
		GBP 15,000, to Political Organisations
		Other Than Political Parties up to GBP
		15,000 and Incur EU Political
		Expenditure up to GBP 20,000
	13	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from GBP
		500,000,001 to GBP 600,000,001
	14	Issue of Equity with Pre-emptive Rights		For	For		Mgmt
		Under General Authority up to
		Aggregate Nominal Amount of GBP
		116,481,140 and Additional Amount
		Pursuant to a Rights Issue of up to
		GBP 111,926,886
	15	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount GBP 16,789,033
	16	Authorise 335,780,660 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	17	Amend Articles of Association Re:		For	For		Mgmt
		Form of the Company's Share Capital
	18	Adopt New Articles of Association		For	For		Mgmt
	19	Approve That a General Meeting, Other		For	For		Mgmt
		Than an Annual General Meeting, May
		Be Called on Not Less Than 14 Clear
		Days' Notice
04/28/09 - A	Bio-Rad Laboratories, Inc.		090572207			03/02/09		496
	*BIO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 28

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/12/09 - A	BioMarin Pharmaceutical Inc.		09061G101			03/23/09		1,465
	*BMRN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/27/09 - A	BioMed Realty Trust, Inc.		09063H107			03/11/09		1,407
	*BMR*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 6.34% exceeds allowable cap of
		5.34%.
06/10/09 - A	Blyth, Inc. *BTH*		09643P207			04/13/09		2,203
	1	Elect Directors		For	For		Mgmt
05/13/09 -	BNP Paribas		F1058Q238			05/08/09		1,267
A/S
		Ordinary Business
	1	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	2	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.00 per Share
	4	Approve Auditors' Special Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Ordinary Share
		Capital
	6	Reelect Claude Bebear as Director		For	For		Mgmt
		Due to their overboardings (more than three
		directorships, outside the group and in listed
		companies, for an executive), the reelection of Jean-
		Louis Beffa and Denis Kessler do not warrant
		support (Items 7 and 8). However, the
		reelections of Claude Bébéar, Laurence
		Parisot, and Michel Pébereau (Items 6, 9, and
		10) warrant support.
	7	Reelect Jean-Louis Beffa as Director		For	Against		Mgmt
	8	Reelect Denis Kessler as Director		For	Against		Mgmt
	9	Reelect Laurence Parisot as Director		For	For		Mgmt
	10	Reelect Michel Pebereau as Director		For	For		Mgmt
		Special Business
	11	Approve Contribution in Kind of		For	For		Mgmt
		98,529,695 Fortis Banque Shares by
		Societe Federale de Participations et
Mgmt Rec - Company Management Recommended Vote								Page 29

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		d'Investissement (SFPI)
	12	Approve Contribution in Kind of		For	For		Mgmt
		4,540,798 BGL SA Shares by Grand
		Duchy of Luxembourg
	13	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	14	Amend Bylaws to Reflect Amendment		For	For		Mgmt
		to Terms and Conditions of Class B
		Shares
	15	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	16	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
04/16/09 - A	BP plc		G12793108			None		29,488
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
		Vote Recommendation In arriving at a vote
		recommendation on the Company's remuneration
		report for 2008, the Remuneration Committee's use
		of discretion to authorise the vesting of 15% of the
		2006-08 award under the EDIP remains of major
		concern. The Company defended the Committee's
		decision by citing the following factors to justify this
		partial vesting: (i) Although in last place on a
		common currency basis, the Company's relative TSR
		performance on a local currency basis was
		'     clustered' with its European competitors; (ii) the
		partial vesting decision was taken after assessing the
		Company's underlying business performance against
		the European comparators, which demonstrated that
		BP were ahead in some areas and behind in others;
		(iii) the Committee's discretion to assess underlying
		performance is specifically permitted under the rules
		of the plan as approved by shareholders in 2005; and
		(iv) the Committee has not previously exercised its
		discretion to vary EDIP awards upwards by taking
		account underlying business
		performance. Whilst the third and the fourth
		points are matters of fact, the following concerns
		remain regarding the first two points: (i) the
		Company’s performance on a local currency
		basis was fourth place in the five company
		comparator group; (ii) the Company did not
		sufficiently disclose the supporting metrics and
		rationale to vindicate the use of discretion to
		determine the vesting of awards where the
		established TSR condition was not met. Whilst
Mgmt Rec - Company Management Recommended Vote								Page 30

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		the Company outlined the Committee's reasons for
		approving the vesting of awards in broad terms, the
		explanations do not fully justify the approval of the
		awards. After careful consideration of the
		explanations provided by the Company, shareholders
		are recommended to oppose this resolution because,
		in the absence of clarity and disclosure regarding the
		specific underlying business metrics used by the
		Committee to reach its conclusion, it is difficult for a
		shareholders to be convinced that proper use of
		discretion has been applied in this case. It is
		noted that the Company has amended the
		performance targets for the EDIP going forward to
		take account of underlying business performance
		metrics. The Company is encouraged to provide
		detailed disclosure of the impact of these operating
		measures in the determination of the vesting levels of
		these future awards. Shareholders are
		recommended to vote AGAINST this resolution.
	3	Re-elect Antony Burgmans as Director		For	For		Mgmt
	4	Re-elect Cynthia Carroll as Director		For	For		Mgmt
	5	Re-elect Sir William Castell as Director		For	For		Mgmt
	6	Re-elect Iain Conn as Director		For	For		Mgmt
	7	Re-elect George David as Director		For	For		Mgmt
	8	Re-elect Erroll Davis, Jr as Director		For	For		Mgmt
	9	Elect Robert Dudley as Director		For	For		Mgmt
	10	Re-elect Douglas Flint as Director		For	For		Mgmt
	11	Re-elect Dr Byron Grote as Director		For	For		Mgmt
	12	Re-elect Dr Tony Hayward as Director		For	For		Mgmt
	13	Re-elect Andy Inglis as Director		For	For		Mgmt
	14	Re-elect Dr DeAnne Julius as Director		For	For		Mgmt
	15	Re-elect Sir Tom McKillop as Director		For	Against		Mgmt
		Vote Recommendation The exceptional
		circumstances surrounding Sir Tom
		McKillop’s former role at RBS and his
		chairmanship of that company’s board
		during such a difficult period make voting on his re-
		election at BP difficult judgement call. For the
		purposes of this recommendation, it is appropriate to
		consider the impact that his former role at RBS may
		have on his continuing role at BP. Given the
		importance of judging each director’s
		(re)election on a case-by-case basis, shareholders
		should note that this vote recommendation has been
		reached only after extensive engagement with the
		Company and much thought and consideration.
		The Board of BP remains satisfied that Sir Tom
		McKillop brings skills and experience to the
		Company from a scientific, engineering and
		technological perspective. The Company has also
		stated that the Board’s remains satisfied
Mgmt Rec - Company Management Recommended Vote								Page 31

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		that Sir Tom McKillop has played a key role in the
		two Committees of which he is a member –
		the Remuneration Committee and the Safety, Ethics
		and Environmental Assurance Committee (SSEAC) -
		citing that he has had an integral role in helping the
		SSEAC improve BP’s safety record in
		recent years. Whilst the Company has provided
		explanations for its decision to recommend Sir Tom
		McKillop for re-election, and whilst such
		considerations should certainly not be dismissed, his
		former role at RBS undoubtedly raises questions as
		to his suitability to continue to sit on the Board of BP.
		Ultimately, the damage caused to Sir Tom
		McKillop’s reputation by presiding over such
		a massive corporate loss whilst chairman of RBS
		cannot be disregarded. Therefore, to properly
		evaluate this proposal, the following two questions
		should need to be answered: 1. Does the
		combination of: (a) the questions raised over whether
		the RBS Board took sufficient account of the
		execution and commercial risks associated with the
		acquisition of ABN Amro and the broader business
		strategy in light of the bank’s rapid descent
		to its present status; (b) the ancillary remuneration
		and governance issues associated with RBS; and (c)
		Sir Tom McKillop’s responsibility for the
		foregoing as Chairman of the RBS board; create a
		credible and material doubt as to his continuing
		suitability to fulfill the role of an independent NED
		and contribute positively to the oversight of
		management and the protection of shareholder
		interests over the long-term at BP? 2. Did the
		Board of BP take sufficient account of the above
		question in making its own recommendation with
		respect to Sir Tom McKillop’s re-
		election? Following exhaustive consideration of
		the foregoing factors, it is concluded in this analysis
		that the answer to the first question posed is
		‘yes’ and the second is
		‘no’. Accordingly, whilst mindful of
		the point that Sir Tom McKillop's roles and
		performance at RBS and BP are not analogous, it
		would be prudent for shareholders to oppose Sir Tom
		McKillop's re-election. Shareholders are
		recommended to vote AGAINST the re-election of
		this candidate.
	16	Re-elect Sir Ian Prosser as Director		For	For		Mgmt
	17	Re-elect Peter Sutherland as Director		For	For		Mgmt
	18	Reappoint Ernst & Young LLP as		For	For		Mgmt
		Auditors and Authorise Board to Fix
		Their Remuneration
Mgmt Rec - Company Management Recommended Vote								Page 32

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	19	Authorise 1,800,000,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	20	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 1,561,000,000
	21	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 234,000,000
	22	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
04/30/09 - A	British American Tobacco		G1510J102			None		2,154
	plc
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 61.6 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	5	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	6 (a)	Re-elect Paul Adams as Director		For	For		Mgmt
	6 (b)	Re-elect Jan du Plessis as Director		For	For		Mgmt
	6 (c)	Re-elect Robert Lerwill as Director		For	For		Mgmt
	6 (d)	Re-elect Sir Nicholas Scheele as		For	For		Mgmt
		Director
	7	Elect Gerry Murphy as Director		For	For		Mgmt
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 166,359,108
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 24,953,866
	10	Authorise 199,600,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	11	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Parties or
		Independent Election Candidates, to
		Political Organisations Other than
		Political Parties and to Incur EU
		Political Expenditure up to GBP
		1,000,000
Mgmt Rec - Company Management Recommended Vote								Page 33

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Vote Recommendation The Company is seeking
		a four-year authority to make political donations and
		incur political expenditure within the EU, the
		Company has outlined that the authority is sought
		merely to enable it to operate without running the risk
		of being in breach of a law which is subject to varying
		interpretations. The Company states in the notice of
		meeting that it does not intend to utilise the authority.
		The previous four-year authority granted at the 2005
		AGM was not utilised. The Company confirmed
		that in the event that the authority is used, the NAPF
		request for the authority to be renewed at the
		following AGM would be referred to the Board for
		consideration. As the Company provided this
		commitment and as the Company did not make any
		political donations during the period of the previous
		four-year authority, shareholders are advised to vote
		FOR this item. However, the fact that length of the
		proposed authority diverges from NAPF policy
		guidelines is highlighted via a contentious for
		recommendation. [Vote Recommendation:
		CONTENTOUS FOR]
	12	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
	13	Adopt New Articles of Association with		For	For		Mgmt
		Effect from 01 October 2009
05/07/09 - A	Bruker Corp. *BRKR*		116794108			03/31/09		2,927
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Bucyrus International, Inc.		118759109			03/13/09		1,283
	*BUCY*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Paul W. Jones ---
		Withhold
		Comp committee member during period of poor pay
		practices
	1.2	Elect Director Robert L. Purdum ---
		Withhold
		Comp committee member during period of poor pay
		practices
	1.3	Elect Director Timothy W. Sullivan ---
		For
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 34

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/21/09 - A	Buffalo Wild Wings, Inc.		119848109			03/30/09		1,354
	*BWLD*
	1	Fix Number of Directors at Seven		For	For		Mgmt
		Current number if directors is 7; no evidence of
		entrenchment.
	2	Elect Directors		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Adopt Purchasing Preference for		Against	Against		ShrHoldr
		Suppliers Using CAK
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/23/09 - A	Burlington Northern Santa Fe		12189T104			02/27/09		997
	Corp. *BNI*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Language consistant with prior proposals supported
		by PPC.
	4	Amend Bylaws-- Call Special Meetings		Against	Against		ShrHoldr
		Company already has 25% right to call special
		meeting.
	5	Report on Political Contributions		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		company is not in comliance with current law or that
		proposal will improve economic results beyond what
		can be accomplished under current policies.
04/23/09 - A	Capital One Financial Corp.		14040H105			02/23/09		4,619
	*COF*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Richard D. Fairbank ---
		For
	1.2	Elect Director E.R. Campbell --- Against
		Comp committee member during period of poor lay
		practices.
	1.3	Elect Director Bradford H. Warner ---
		For
	1.4	Elect Director Stanley Westreich ---
		Against
		Comp committee member during period of poor lay
Mgmt Rec - Company Management Recommended Vote								Page 35

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Advisory Vote on Executive		For	Against		Mgmt
		Compensation
		NEO CIC with tax gross-ups.
04/28/09 -	Carrefour		F13923119			04/23/09		1,054
A/S
		Special Business
	1	Approve Financial Statements and		For	For		Mgmt
		Discharge Directors
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Transaction with Jose-Luis		For	For		Mgmt
		Duran Re: Severance Payments
	4	Approve Transaction with Lars		For	For		Mgmt
		Olofsson Re: Severance Payments
	5	Approve Treatment of Losses and		For	For		Mgmt
		Dividends of EUR 1.08 per Share
	6	Elect Lars Olofsson as Director		For	For		Mgmt
	7	Reelect Rene Abate as Director		For	For		Mgmt
	8	Reelect Nicolas Bazire as Director		For	For		Mgmt
	9	Reelect Jean-Martin Folz as Director		For	For		Mgmt
	10	Reappoint Deloitte & Associes as		For	For		Mgmt
		Audito and BEAS as Alternate Auditor
	11	Reappoint KPMG as Auditor		For	For		Mgmt
	12	Ratify Bernard Perot as Alternate		For	For		Mgmt
		Auditor
	13	Authorize Repurchase of Up to 10		For	Against		Mgmt
		Percent of Issued Share Capital
		Special Business
	14	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	15	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 500 Million
	16	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 350 Million
	17	Authorize Board to Increase Capital in		For	Against		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	18	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 500 Million for Bonus Issue
		or Increase in Par Value
Mgmt Rec - Company Management Recommended Vote								Page 36

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	19	Authorize up to 3 Percent of Issued		For	Against		Mgmt
		Capital for Use in Stock Option Plan
	20	Authorize up to 0.2 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock Plan
	21	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	22	Approve Employee Stock Purchase		For	For		Mgmt
		Plan for International Employees
06/10/09 - A	Caterpillar Inc. *CAT*		149123101			04/13/09		1,757
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Daniel M. Dickinson ---
		For
	1.2	Elect Director David R. Goode --- For
	1.3	Elect Director James W. Owens --- For
	1.4	Elect Director Charles D. Powell --- For
		Sits on 6 boards but plans to resign from one.
	1.5	Elect Director Joshua I. Smith --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		Against	For		ShrHoldr
	4	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
	5	Report on Foreign Military Sales		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	6	Adopt Simple Majority Vote Standard		Against	For		ShrHoldr
	7	Limitation on Compensation Consultant		Against	Against		ShrHoldr
		Services
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	8	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	9	Report on Lobbying Priorities		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/30/09 - A	Central European		153435102			03/03/09		636
	Distribution Corporation
	*CEDC*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director William V. Carey --- For
Mgmt Rec - Company Management Recommended Vote								Page 37

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.2	Elect Director David Bailey --- Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.3	Elect Director N. Scott Fine --- For
	1.4	Elect Director Marek Forysiak --- For
	1.5	Elect Director Robert P. Koch --- For
	1.6	Elect Director Jan W. Laskowski ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.7	Elect Director Markus Sieger --- For
	1.8	Elect Director Sergey Kupriyanov ---
		For
	2	Ratify Auditors		For	For		Mgmt
04/21/09 -	CF Industries Holdings, Inc.		125269100			03/16/09		866
PC	*CF*
		Management Proxy (White Card)
	1.1	Elect Director Stephen A. Furbacher		For	For		Mgmt
		Dissident did not prove case for change.
	1.2	Elect Director David R. Harvey		For	For		Mgmt
		Dissident did not prove case for change.
	1.3	Elect Director John D. Johnson		For	For		Mgmt
		Dissident did not prove case for change.
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
		Dissident Proxy (Green Card)
	1.1	Elect Director Stephen A. Furbacher		Withhold	None		ShrHoldr
	1.2	Elect Director David R. Harvey		Withhold	None		ShrHoldr
	1.3	Elect Director John D. Johnson		Withhold	None		ShrHoldr
	2	Ratify Auditors		For	None		Mgmt
	3	Approve Omnibus Stock Plan		For	None		Mgmt
05/06/09 - A	Champion Enterprises, Inc.		158496109			03/10/09		12,064
	*CHB*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert W. Anestis ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.2	Elect Director Eric S. Belsky ---
		Withhold
		Comp committee member during period of
Mgmt Rec - Company Management Recommended Vote								Page 38

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		pay/performance disconnect and poor pay practices.
	1.3	Elect Director William C. Griffiths --- For
	1.4	Elect Director Selwyn Isakow --- For
	1.5	Elect Director G. Michael Lynch --- For
	1.6	Elect Director Thomas A. Madden ---
		For
	1.7	Elect Director Shirley D. Peterson ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	2	Ratify Auditors		For	For		Mgmt
05/27/09 - A	Chevron Corporation *CVX*		166764100			04/01/09		6,442
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	4	Amend Omnibus Stock Plan		For	For		Mgmt
	5	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholders already have right to call special
		meeting (25%).
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
	7	Adopt Quantitative GHG Goals for		Against	Against		ShrHoldr
		Products and Operations
		Company appears to be addressing proponents
		issues though it may have different views on certain
		solutions. Management responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will result in improved shareholder returns.
	8	Adopt Guidelines for Country Selection		Against	Against		ShrHoldr
		Company appears to be addressing proponents
		issues though it may have different views on certain
		solutions. Management responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will result in improved shareholder returns.
	9	Adopt Human Rights Policy		Against	Against		ShrHoldr
		Current policies appear to		address	the
		proposal’s intent. Management responded
		meaningfully; no evidence of non-compliance with
		current law or that proposal will result in improved
		shareholder returns.
	10	Report on Market Specific		Against	Against		ShrHoldr
		Environmental Laws
Mgmt Rec - Company Management Recommended Vote								Page 39

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Company appears to be addressing proponents
		issues though it may have different views on certain
		solutions. Management responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will result in improved shareholder returns.
05/13/09 - A	Cinemark Holdings Inc.		17243V102			03/20/09		608
	*CNK*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/21/09 - A	Citigroup Inc. *C*		172967101			02/27/09		13,573
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director C. Michael Armstrong ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.2	Elect Director Alain J.P. Belda ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.3	Elect Director John M. Deutch ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.4	Elect Director Jerry A. Grundhofer ---
		For
	1.5	Elect Director Andrew N. Liveris --- For
	1.6	Elect Director Anne Mulcahy --- For
	1.7	Elect Director Michael E. O'Neill --- For
	1.8	Elect Director Vikram Pandit --- For
	1.9	Elect Director Richard D. Parsons ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.10	Elect Director Lawrence R. Ricciardi ---
		For
	1.11	Elect Director Judith Rodin --- For
	1.12	Elect Director Robert L. Ryan --- For
	1.13	Elect Director Anthony M. Santomero --
		- For
	1.14	Elect Director William S. Thompson, Jr.
		--- For
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 40

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Pay/performance disconnect and poor pay practices.
	5	Disclose Prior Government Service		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	6	Report on Political Contributions		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	7	Report on Predatory Lending Policies		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	8	Require More Director Nominations		Against	Against		ShrHoldr
		Than Open Seats
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that proposal could be implemented in a
		productive way.
	9	Prepare Carbon Principles Report		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	10	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Adequate stock retention policies already in place.
	11	Disclose Information on Compensation		Against	Against		ShrHoldr
		Consultant
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	12	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholder already have right to act by written
		consent and call special meeting (25%).
	13	Restore or Provide for Cumulative		Against	Against		ShrHoldr
		Voting
Mgmt Rec - Company Management Recommended Vote								Page 41

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/12/09 - A	Coeur D' Alene Mines Corp.		192108108			03/19/09		12,589
	*CDE*
	1	Elect Directors		For	For		Mgmt
	2	Adjust Par Value of Common Stock		For	For		Mgmt
		Routine management financing decision.
	3	Approve Reverse Stock Split		For	For		Mgmt
	4	Increase Authorized Common Stock		For	For		Mgmt
	5	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Comcast Corp. *CMCSA*		20030N101			03/04/09		7,886
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director S. Decker Anstrom ---
		Withhold
		Comp committee member during period of poor pay
		practives. Short and long term incentive plans use
		same performance targets; awards are earned once
		and paid twice. CEO (14.2% base salary) and other
		NEO personal use of corporate aircraft considerably
		above industry norm (8% base salary).			12%
		guaranteed interest paid on NEO deferred comp
		while employed; prime plus 1 paid after employment.
		Tax gross-ups paid on split dollar life insurance
		premiums.
	1.2	Elect Director Kenneth J. Bacon --- For
	1.3	Elect Director Sheldon M. Bonovitz ---
		For
	1.4	Elect Director Edward D. Breen --- For
	1.5	Elect Director Julian A. Brodsky --- For
	1.6	Elect Director Joseph J. Collins ---
		Withhold
		Comp committee member during period of poor pay
		practives. Short and long term incentive plans use
		same performance targets; awards are earned once
		and paid twice. CEO (14.2% base salary) and other
		NEO personal use of corporate aircraft considerably
		above industry norm (8% base salary).			12%
		guaranteed interest paid on NEO deferred comp
		while employed; prime plus 1 paid after employment.
		Tax gross-ups paid on split dollar life insurance
		premiums.
	1.7	Elect Director J. Michael Cook --- For
	1.8	Elect Director Gerald L. Hassell --- For
	1.9	Elect Director Jeffrey A. Honickman ---
		For
	1.10	Elect Director Brian L. Roberts --- For
	1.11	Elect Director Ralph J. Roberts --- For
	1.12	Elect Director Dr. Judith Rodin ---
Mgmt Rec - Company Management Recommended Vote								Page 42

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Withhold
		Comp committee member during period of poor pay
		practives. Short and long term incentive plans use
		same performance targets; awards are earned once
		and paid twice. CEO (14.2% base salary) and other
		NEO personal use of corporate aircraft considerably
		above industry norm (8% base salary).			12%
		guaranteed interest paid on NEO deferred comp
		while employed; prime plus 1 paid after employment.
		Tax gross-ups paid on split dollar life insurance
		premiums.
	1.13	Elect Director Michael I. Sovern ---
		Withhold
		industry norm (8% base salary). 12% guaranteed
		interest paid on NEO deferred comp while employed;
		prime plus 1 paid after employment. Tax gross-ups
		paid on split dollar life insurance premiums.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Amend Restricted Stock Plan		For	For		Mgmt
	5	Amend Stock Option Plan		For	For		Mgmt
	6	Increase Disclosure of Executive		Against	Against		ShrHoldr
		Compensation
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	7	Seek Shareholder Approval on Certain		Against	Against		ShrHoldr
		Future Death Benefit Arrangements
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	8	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding advisory ratification proposal
		consistently supported by PPC.
	9	Adopt a Recapitalization Plan		Against	For		ShrHoldr
		One vote per share; end dual class stock.
05/13/09 - A	ConocoPhillips *COP*		20825C104			03/16/09		4,767
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
	4	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
Mgmt Rec - Company Management Recommended Vote								Page 43

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification consistent with
		prior proposals supported by PPC.
	6	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	7	Adopt Quantitative GHG Goals for		Against	Against		ShrHoldr
		Products and Operations
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	8	Report on Environmental Impact of Oil		Against	Against		ShrHoldr
		Sands Operations in Canada
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	9	Require Director Nominee		Against	Against		ShrHoldr
		Qualifications
		Management responded meaningfully; adequate
		process already in place; no evidence that proposal
		will improve shareholder returns.
05/05/09 - A	Consolidated		209034107			03/18/09		2,547
	Communications Holdings,
	Inc. *CNSL*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 1.83% is within allowable cap of
		20.36%.
05/14/09 - A	Corporate Office Properties		22002T108			03/16/09		916
	Trust, Inc. *OFC*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/12/09 - A	Cousins Properties Inc.		222795106			03/13/09		195
	*CUZ*
	1	Elect Directors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 44

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Approve Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 7.14% exceeds allowable cap of
		5.00%.
	3	Ratify Auditors		For	For		Mgmt
05/05/09 - A	Cross Country Healthcare,		227483104			03/05/09		2,748
	Inc. *CCRN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/07/09 - A	Crosstex Energy, Inc. *XTXI*		22765Y104			03/17/09		973
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 8.29% exceeds allowable cap of
		7.61%.
	3	Ratify Auditors		For	For		Mgmt
05/12/09 - A	Cummins , Inc. *CMI*		231021106			03/16/09		2,687
	1	Elect Director Robert J. Bernhard		For	For		Mgmt
	2	Elect Director Robert J. Darnall		For	For		Mgmt
	3	Elect Director Robert K. Herdman		For	For		Mgmt
	4	Elect Director Alexis M. Herman		For	For		Mgmt
	5	Elect Director N. Thomas Linebarger		For	For		Mgmt
	6	Elect Director William I. Miller		For	For		Mgmt
	7	Elect Director Georgia R. Nelson		For	For		Mgmt
	8	Elect Director Theodore M. Solso		For	For		Mgmt
	9	Elect Director Carl Ware		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Amend Omnibus Stock Plan		For	For		Mgmt
	12	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	13	Adopt and Implement ILO-based		Against	Against		ShrHoldr
		Human Rights Policy
		Management responded meaningfully; has already
		adopted core provisions of ILO Human Rights Policy;
		no evidence of non-compliance with current law or
		that proposal will improve shareholder returns.
05/06/09 - A	CVS Caremark Corp *CVS*		126650100			03/12/09		4,047
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
		Currently no right to call special meeting; written
		consent requires 100% (not realistic).
Mgmt Rec - Company Management Recommended Vote								Page 45

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	5	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		company not in compliance with current law or that
		proposal will result in improved shareholder returns.
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of comp as
		disclosed in proxy statement.
04/08/09 - A	Daimler AG		D1668R123			None		1,546
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.60 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify KPMG AG as Auditors for Fiscal		For	For		Mgmt
		2009
	6	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Authorize Use of Financial Derivatives		For	For		Mgmt
		when Repurchasing Shares
	8	Elect Supervisory Board Member		For	For		Mgmt
	9	Approve Affiliation Agreements with		For	For		Mgmt
		EvoBus GmbH
	10	Amend Articles Re: Convocation of		For	For		Mgmt
		General Meeting due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
	11	Approve Creation of EUR 1 Billion Pool		For	For		Mgmt
		of Capital without Preemptive Rights
05/05/09 - A	Danaher Corp. *DHR*		235851102			03/09/09		848
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
	4	Adopt Employment Contract		Against	Against		ShrHoldr
		Valid intent but drafted in an overly restrictive
		manner.
	5	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Management has responded meaningfully; stock
Mgmt Rec - Company Management Recommended Vote								Page 46

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		retention guidelines are already in place and comp
		committee should have some lattitude to establish
		appropriate levels.
	6	Report on Mercury Product Policies		Against	Against		ShrHoldr
		Management has responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will improve shareholder returns.
04/23/09 -	Danone		F12033134			04/20/09		746
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.20 per Share
	4	Approve Stock Dividend Program		For	For		Mgmt
	5	Approve Auditors' Special Report		For	Against		Mgmt
		Regarding Related-Party Transactions
		Although the conditions attached to the ongoing
		severance payments transaction (relating to their
		corporate officers mandates) are stringent and
		measurable, the amount Franck Riboud, Jacques
		Vincent, Emmanuel Faber, and Bernard Hours may
		benefit from, added to the amount they may benefit
		from the collective bargaining agreement which
		applies to Groupe Danone's employee in the event
		that they would also be dismissed, may exceed twice
		the remuneration they received for the last ended
		fiscal year. Moreover, Emmanuel Faber and Bernard
		Hours may benefit from a non-compete clause, the
		amount of which would be added the preceding
		amount. Therefore, this resolution does not warrant
		support.
	6	Reelect Richard Goblet d'Alviella as		For	Against		Mgmt
		Director
		For this market, if the proposed board does not
		consist of a majority of independent directors, the
		election or reelection of any non-independent director
		(except the CEO) is not recommended. At Groupe
		Danone, if all the elections proposed at this general
		meeting were approved, only 43 percent of the board
		of directors would be independent. Therefore, as
		Christian Laubie is not independent, his reelection
		does not merit support (item 7). As Jean Laurent,
		Hakan Mogren, Benoét Potier, and Guylaine
		Saucier are independent, their (re)elections are
		recommended (items 8, 9, 10, and
Mgmt Rec - Company Management Recommended Vote								Page 47

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		11). Moreover, at this meeting, one of the
		nominees proposed for reelection, Richard Goblet
		d'Alviella, is an executive corporate officer (CEO of
		Sofina SA) and holds more than three directorships
		in listed companies outside the group (Groupe
		Danone SA, Delhaize Groupe, Caledonia
		Investments, and Eurazeo). Therefore, the reelection
		of this candidate does not warrant support (item 6).
	7	Reelect Christian Laubie as Director		For	Against		Mgmt
	8	Reelect Jean Laurent as Director		For	For		Mgmt
	9	Reelect Hakan Mogren as Director		For	For		Mgmt
	10	Reelect Benoit Potier as Director		For	For		Mgmt
	11	Elect Guylaine Saucier as Director		For	For		Mgmt
	12	Approve Remuneration of Directors in		For	For		Mgmt
		the Aggregate Amount of EUR 600,000
	13	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		As the share repurchase program cannot be
		continued during a takeover period, provided that the
		reciprocity principle applies, shareholders are
		advised to support the resolution.
	14	Approve Creation of Danone Eco-		For	For		Mgmt
		Systeme Fund
		Special Business
	15	Change Company Name to Danone		For	For		Mgmt
	16	Amend Article 7 of Bylaws Re:		For	For		Mgmt
		Delegation of Power in Case of Share
		Capital Increase
	17	Amend Articles 10 of Association Re:		For	For		Mgmt
		Shareholders Identification
	18	Amend Article 18 of Bylaws Re:		For	For		Mgmt
		Attendance to Board Meetings Through
		Videoconference and
		Telecommunication
	19	Amend Article 22 of Bylaws Re: Record		For	For		Mgmt
		Date
	20	Amend Article 26 of Bylaws Re:		For	For		Mgmt
		Electronic Voting
	21	Amend Article 27 of Bylaws Re:		For	For		Mgmt
		Delegation of Powers to the Board for
		the Issuance of Bonds
	22	Amend Articles 27 and 28 of		For	For		Mgmt
		Association Re: Quorum Requirements
		for Ordinary and Extraordinary General
		Meetings
	23	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 45 Million
		+ Capital increase with preemptive rights: The
Mgmt Rec - Company Management Recommended Vote								Page 48

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		potential capital increase with preemptive rights,
		under item 23, amounts to EUR 45 million, which
		represents 35 percent of issued share
		capital. The authorization is deemed acceptable
		for issuances with preemptive rights. + Capital
		increase without preemptive rights: Considering
		that the company provides under item 24 a binding
		priority right for existing shareholders to subscribe to
		the capital increase, our guideline for issuances
		without preemptive rights is 50 percent. Therefore, a
		potential capital increase of EUR 30 million (23.36
		percent of issued capital) is deemed acceptable for
		general requests to issue capital without preemptive
		rights with a binding priority right. Given their
		reasonable level of dilution, items 26 and 27 merit
		shareholders' support as well.
	24	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 30 Million
	25	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegations Submitted to
		Shareholder Vote Above
		The amount requested under this item would not
		exceed the limit set for issuances with preemptive
		rights under item 23 nor the limit set for issuances
		that do not respect preemptive rights under item 24.
		Therefore, the additional potential capital increases
		are deemed acceptable.
	26	Authorize Capital Increase of Up to		For	For		Mgmt
		EUR 25 Million for Future Exchange
		Offers
	27	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	28	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 33 Million for Bonus Issue
		or Increase in Par Value
		Dilution is not a problem when capital is increased
		using these scenarios, as this would merely transfer
		wealth to shareholders.
	29	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
		The potential dilution being acceptable, this proposal
		merits support.
	30	Authorize up to 6 Million Shares for Use		For	For		Mgmt
		in Stock Option Plan
	31	Authorize up to 2 Million Shares for Use		For	Against		Mgmt
		in Restricted Stock Plan
Mgmt Rec - Company Management Recommended Vote								Page 49

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Currently, there is no restricted stock plan at Groupe
		Danone. The volume proposed is not excessive and
		the company undertakes, in its 2008 registration
		document, to take into account the completion of the
		group targets and the performance of the group at
		the moment of the granting. However, the current
		absence of information on performance criteria
		(nature and target) warrants opposition to this
		proposal.
	32	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
		The amount of capital that may be cancelled is
		limited to 10 percent in any 24-month period.
	33	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/27/09 - A	Delta Petroleum Corp.		247907207			04/20/09		2,034
	*DPTR*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Roger A. Parker --- For
	1.2	Elect Director John R. Wallace --- For
	1.3	Elect Director Hank Brown --- For
	1.4	Elect Director Kevin R. Collins ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.5	Elect Director Jerrie F. Eckelberger ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.6	Elect Director Aleron H. Larson, Jr. ---
		For
	1.7	Elect Director Russell S. Lewis ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
Mgmt Rec - Company Management Recommended Vote								Page 50

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		vested awards.
	1.8	Elect Director James J. Murren ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.9	Elect Director Jordan R. Smith ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.10	Elect Director Daniel J. Taylor --- For
	1.11	Elect Director James B. Wallace --- For
	1.12	Elect Director Anthony Mandekic --- For
	1.13	Elect Director Jean-Michel Fonck ---
		For
	2	Ratify Auditors		For	For		Mgmt
05/26/09 - A	Deutsche Bank AG		D18190898			None		858
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify KPMG AG as Auditors for Fiscal		For	For		Mgmt
		2009
	6	Authorize Repurchase of Up to Five		For	For		Mgmt
		Percent of Issued Share Capital for
		Trading Purposes
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Amend Articles Re: Registration for the		For	For		Mgmt
		General Meeting
	9	Amend Articles Re: Electronic Media		For	For		Mgmt
		Transmission of Annual Meeting due to
		New German Legislation (Law on
		Transposition of EU Shareholders'
Mgmt Rec - Company Management Recommended Vote								Page 51

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Rights Directive)
	10	Approve Creation of EUR 128 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	11	Approve Creation of EUR 176.6 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	12	Approve Creation of EUR 314.9 Million		For	For		Mgmt
		Pool of Capital with Preemptive Rights
	13	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 9
		Billion; Approve Creation of EUR 256
		Million Pool of Capital to Guarantee
		Conversion Rights
04/21/09 - A	Deutsche Post AG		D19225107			None		1,410
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.60 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
	6	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Authorize Use of Financial Derivatives		For	For		Mgmt
		when Repurchasing Shares
	8	Approve Creation of EUR 240 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	9a	Elect Ulrich Schroeder to the		For	For		Mgmt
		Supervisory Board
	9b	Elect Henning Kagermann to the		For	For		Mgmt
		Supervisory Board
	9c	Elect Stefan Schulte to the Supervisory		For	For		Mgmt
		Board
	10	Amend Articles Re: Proxy Voting and		For	For		Mgmt
		Location of General Meeting
04/30/09 - A	Deutsche Telekom AG		D2035M136			None		3,760
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
Mgmt Rec - Company Management Recommended Vote								Page 52

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.78 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Postponement of Discharge		For	For		Mgmt
		for Former Supervisory Board Member
		Klaus Zumwinkel for Fiscal 2008
	5	Approve Discharge of Supervisory		For	For		Mgmt
		Board Members, Excluding Klaus
		Zumwinkel, for Fiscal 2008
	6	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Elect Joerg Asmussen to the		For	For		Mgmt
		Supervisory Board
	9	Elect Ulrich Schroeder to the		For	For		Mgmt
		Supervisory Board
	10	Approve Affiliation Agreements with		For	For		Mgmt
		Subsidiary Interactive Media CCSP
		GmbH
	11	Approve Creation of EUR 2.2 Billion		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	12	Approve Creation of EUR 38.4 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	13	Amend Articles Re: Audio/Video		For	For		Mgmt
		Transmission of Annual Meeting due to
		New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
	14	Amend Articles Re: Attestation of		For	For		Mgmt
		Shareholding and Voting Rights
		Representation at Annual Meeting due
		to New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
04/28/09 - A	Digital Realty Trust Inc.		253868103			03/03/09		1,154
	*DLR*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/29/09 - A	E.I. Du Pont De Nemours &		263534109			03/04/09		2,560
	Co. *DD*
	1	Elect Director Samuel W. Bodman		For	For		Mgmt
	2	Elect Director Richard H. Brown		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 53

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Elect Director Robert A. Brown		For	For		Mgmt
	4	Elect Director Bertrand P. Collomb		For	For		Mgmt
	5	Elect Director Curtis J. Crawford		For	For		Mgmt
	6	Elect Director Alexander M. Cutler		For	For		Mgmt
	7	Elect Director John T. Dillon		For	For		Mgmt
	8	Elect Director Eleuthere I. Du Pont		For	For		Mgmt
	9	Elect Director Marillyn Hewson		For	For		Mgmt
	10	Elect Director Charles O. Holliday, Jr.		For	For		Mgmt
	11	Elect Director Lois D. Juliber		For	For		Mgmt
	12	Elect Director Ellen J. Kullman		For	For		Mgmt
	13	Elect Director William K. Reily		For	For		Mgmt
	14	Ratify Auditors		For	For		Mgmt
	15	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior non-binding shareholder
		ratification of exec comp proposals supported by
		PPC.
05/06/09 - A	E.ON AG (formerly Veba AG)		D24914133			None		2,769
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Elect Jens Heyerdahl to the		For	For		Mgmt
		Supervisory Board
	6a	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
	6b	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for the Inspection of the
		Abbreviated Financial Statements for
		the First Half of Fiscal 2009
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares; Authorize Use of
		Financial Derivatives When
		Repurchasing Shares
	8	Approve Creation of EUR 460 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	9a	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 5
		Billion; Approve Creation of EUR 175
		Million Pool of Capital to Guarantee
Mgmt Rec - Company Management Recommended Vote								Page 54

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Conversion Rights
	9b	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 5
		Billion; Approve Creation of EUR 175
		Million Pool of Capital to Guarantee
		Conversion Rights
	10	Amend Corporate Purpose		For	For		Mgmt
	11a	Amend Articles Re: Audio and Video		For	For		Mgmt
		Transmission at Annual Meeting due to
		New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
	11b	Amend Articles Re: Voting Rights		For	For		Mgmt
		Representation at Annual Meeting due
		to New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
	11c	Amend Articles Re: Convocation of		For	For		Mgmt
		Annual Meeting due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
	12	Approve Affiliation Agreement with		For	For		Mgmt
		E.ON Einundzwanzigste Verwaltungs
		GmbH
	13	Approve Affiliation Agreement with		For	For		Mgmt
		E.ON Zweiundzwanzigste Verwaltungs
		GmbH
06/23/09 - A	East Japan Railway Co		J1257M109			03/31/09		374
	*9020*
		Management Proposals
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JPY 55
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	4.2	Appoint Statutory Auditor		For	For		Mgmt
	5	Approve Payment of Annual Bonuses		For	For		Mgmt
		to Directors and Statutory Auditors
		Shareholder Proposals
Mgmt Rec - Company Management Recommended Vote								Page 55

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6	Amend Articles to Allow Shareholder		Against	Against		ShrHoldr
		Meeting Agenda to Include Compliance
		Related Resolutions
		We do not believe that turning the annual
		shareholder meeting into a forum for the airing of
		grievances -- many of which date back to the
		company's formation more than 20 years ago when
		the former Japan National Railway (JNR) was broken
		up and privatized -- will benefit portfolio investors in
		the company who are primarily concerned with
		shareholder returns. Moreover, we are skeptical of
		the labor activists' objectivity in this debate, and
		regard policy decisions of this type as appropriate to
		be determined by management with board oversight,
		until and unless evidence emerges that management
		or the board is not acting in the best interests of
		shareholders. We recommend a vote against this
		proposal.
	7	Amend Articles to Form Committee on		Against	Against		ShrHoldr
		Compliance
		We are skeptical of the labor activists' objectivity in
		this debate. While management itself admits lapses
		in compliance in specific cases, it also appears that it
		acknowledges a need for appropriate consideration
		of measures to prevent recurrence. We regard policy
		decisions of this type as appropriate to be
		determined by management with board oversight,
		until and unless evidence emerges that management
		or the board is not acting in the best interests of
		shareholders. We recommend a vote against this
		proposal.
	8	Amend Articles to Require Disclosure		Against	For		ShrHoldr
		of Individual Director Compensation
		Levels
		RMG has consistently supported proposals of this
		type for several years, as we believe that
		shareholders ought to have the right to know how
		their representatives are being compensated, and
		that disclosure of aggregate levels only does not
		promote individual accountability. That is particularly
		true in the case of East Japan Railway, because the
		25-member board of directors is large even by
		Japanese standards. Moreover, we note that the
		current monthly compensation ceiling dates to 1993,
		prior to the company's listing on the Tokyo Stock
		Exchange, so it is somewhat misleading for the
		company to argue that shareholders have had an
		opportunity to vote on it. Although we recognize that
		the sponsors of this proposal are likely not motivated
		primarily by a commitment to transparency in support
Mgmt Rec - Company Management Recommended Vote								Page 56

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		of shareholder value (the proponents are widely seen
		as a labor union faction allied with Japan's
		Communist Party), we believe that the information
		sought in the proposal will in fact benefit ordinary
		investors. Management has presented
		interesting arguments in meetings with RMG that
		acknowledge that proposals such as this might be
		reasonable in isolation, but stress political reasons
		that shareholders would be advised not to give them
		any victories. These spokespeople argue that the
		labor union faction's agenda is to cast doubt on the
		considerable progress East Japan Railway has made
		in compliance and other areas since privatization,
		and, to somehow turn back the clock and encourage
		a larger national government role or even re-
		nationalization. The proponents' literature certainly
		taps into popular discontent with market reforms
		under a former prime minister, Junichiro Koizumi
		(known for privatizing the post office and its massive
		Postal Savings banking system), and a popular
		tendency to blame　America-based "market
		fundamentalism" for the current global economic
		crisis. Lapses aside, the firm does not appear to
		have a bad reputation in compliance overall, and,
		risking faint praise, the firm is far more efficient than
		was the old Japan National Railway
		system. However, we are skeptical of the
		implication that such a group's ability to gain
		significant support on any resolution somehow
		legitimizes other parts of their message. On the
		contrary, we believe that explicitly taking a
		shareholder-value, content-based, approach to their
		proposals risks little. It might encourage them to
		circulate more shareholder-friendly proposals
		unrelated to their ostensible agenda in the future, but
		winning support only on these proposals hardly
		seems to offer them potential momentum on issues
		such as re-hiring of workers laid off twenty years ago,
		or re-nationalization of railroads, much less an old-
		guard communist agenda. Because we believe the
		proposed amendment will improve the flow of useful,
		relevant information to shareholders, and may
		enhance the company's overall reputation for
		transparency and accountability, we recommend
		support for this resolution.
	9	Amend Articles to Require At Least		Against	For		ShrHoldr
		20% Non-Executive Board of Directors
		RMG encourages nomination of non-executive
		directors able to exercise highly independent
		oversight of management, and we agree with the
		substantial global consensus among institutional
Mgmt Rec - Company Management Recommended Vote								Page 57

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		investors that Japanese boards suffer from excessive
		domination by executive insiders. Although placing a
		minimum quota in the articles of association runs the
		risk of encouraging a legalistic mindset, and may
		perpetuate the reluctance to go any further toward
		the goal of meaningful independent board oversight,
		20 percent is far below the majority that most
		institutions favor, and the step could help convey the
		message that shareholders do favor more
		independent oversight.
	10	mend Articles to Clarify Roles of		Against	Against		ShrHoldr
		Advisors and to Create Board
		Committees on Labor Relations and on
		Safety
		RMG is concerned about the safety concerns raised
		about the firm, but we are skeptical that shareholder-
		mandated board committees without management
		support could do much to help advance safety, labor
		relations or shareholder value. The complex
		business of nurturing improvement in labor relations
		and a railroad's safety record are appropriate to be
		determined by management with board oversight,
		until and unless evidence emerges that management
		or the board is not acting in the best interests of
		shareholders. We recommend a vote against this
		proposal.
	11.1	Remove Chairman Mutsutake Ohtsuka		Against	Against		ShrHoldr
		from Board
		We are skeptical of the labor activists' agenda, and
		not convinced that possible lapses in judgment in the
		past were not isolated instances, or that they betray
		a systematic or sustained disregard for the
		company's interests. Moreover, the proponents'
		proposed replacements do not appear much better
		qualified to oversee management in the interest of
		shareholder interests and long-term corporate
		survival (see Item 12). Like the vast majority of
		Japanese firms, this board is too management-
		dominated to exercise the sort of oversight that could
		avert future management risks, but the proposed
		ousters do not appear to offer an effective remedy.
		RMG recommends votes against these eight
		proposed ousters.
	11.2	Remove President Satoshi Seino from		Against	Against		ShrHoldr
		Board
	11.3	Remove Vice President Masaki Ogata		Against	Against		ShrHoldr
		from Board
	11.4	Remove Director Hiroyuki Nakamura		Against	Against		ShrHoldr
		from Board
	11.5	Remove Director Tohru Owada from		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 58

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board
	11.6	Remove Director Seiichiro Oi from		Against	Against		ShrHoldr
		Board
	11.7	Remove Director Yuji Fukazawa from		Against	Against		ShrHoldr
		Board
	11.8	Remove Director Yuji Morimoto from		Against	Against		ShrHoldr
		Board
	12.1	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
		The nominees have backgrounds as academics and
		labor activists, but not as corporate managers. The
		fifth nominee is a former employee of what was then
		Japan National Railway, but otherwise none of the
		nominees has experience in the railway industry.
		RMG does not believe that any of the nominees will
		be able to make a positive contribution to the
		deliberations of the board, on behalf of ordinary
		investors, given that the purpose of their appointment
		would be to battle incumbent management. We
		recommend that shareholders oppose these
		nominations.
	12.2	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
	12.3	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
	12.4	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
	12.5	Appoint Shareholder Nominee to the		Against	Against		ShrHoldr
		Board
	13	Cut Director Compensation by 20		Against	Against		ShrHoldr
		Percent
		We do not see a coherent case to mandate a pay
		cut, and recommend a vote against this item.
	14	Approve Alternate Income Allocation to		Against	Against		ShrHoldr
		Establish Reserve for Reemployment of
		Former JNR Employees
		We do not believe it is appropriate to ask the
		company's 280,000 shareholders to sacrifice their
		final dividend for the (potential) benefit of a limited
		number of stakeholders, and we recommend that
		shareholders oppose this resolution.
	15	Approve Alternate Income Allocation to		Against	Against		ShrHoldr
		Establish Reserve for Consolidation of
		Local Rail Lines
		The proponents present no financial justification for
		such assistance, and management asserts that the
		move is not justifiable from the standpoint of
		shareholder value. We find management's assertion
		that their proposal would not help shareholder value
		to be highly convincing. While voters may legitimately
Mgmt Rec - Company Management Recommended Vote								Page 59

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		decide to allocate taxpayer resources to such a
		purpose, we see no justification to use East Japan
		Railway shareholder assets in this way. We cannot
		support this item.
04/29/09 - A	eBay Inc. *EBAY*		278642103			03/04/09		4,358
	1	Elect Directors		For	For		Mgmt
	2	Approve Stock Option Exchange		For	For		Mgmt
		Program
		Value enhancing to shareholders; excludes execs
		and non-employee directors.
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
06/09/09 - A	eHealth Inc *EHTH*		28238P109			04/17/09		2,312
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
		Executive officers will receive cash.
05/06/09 - A	EMC Corporation *EMC*		268648102			03/05/09		7,236
	1	Elect Director Michael W. Brown		For	For		Mgmt
	2	Elect Director Randolph L. Cowen		For	For		Mgmt
	3	Elect Director Michael J. Cronin		For	For		Mgmt
	4	Elect Director Gail Deegan		For	For		Mgmt
	5	Elect Director John R. Egan		For	For		Mgmt
	6	Elect Director W. Paul Fitzgerald		For	For		Mgmt
	7	Elect Director Edmund F. Kelly		For	For		Mgmt
	8	Elect Director Windle B. Priem		For	For		Mgmt
	9	Elect Director Paul Sagan		For	For		Mgmt
	10	Elect Director David N. Strohm		For	For		Mgmt
	11	Elect Director Joseph M. Tucci		For	For		Mgmt
	12	Ratify Auditors		For	For		Mgmt
	13	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	14	Permit Right to Call Special Meeting		For	For		Mgmt
		Currently 85%; will change to 40% for special
		meeting; currently written consent requires 100%.
	15	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of exec comp
		disclosed in proxy.
Mgmt Rec - Company Management Recommended Vote								Page 60

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/16/09 - A	Emcor Group, Inc. *EME*		29084Q100			04/20/09		1,272
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/28/09 - A	Encore Acquisition Company		29255W100			03/11/09		992
	*EAC*
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director I. Jon Brumley ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.2	Elect Director Jon S. Brumley ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.3	Elect Director John A. Bailey ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.4	Elect Director Martin C. Bowen ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.5	Elect Director Ted Collins, Jr. ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.6	Elect Director Ted A. Gardner ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.7	Elect Director John V. Genova ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.8	Elect Director James A. Winne III ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	2	Ratify Auditors		For	For		Mgmt
04/29/09 -	ENEL SpA		T3679P115			None		7,670
A/S
		Ordinary Business
Mgmt Rec - Company Management Recommended Vote								Page 61

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1	Accept Financial Statements,		For	For		Mgmt
		Consolidated Financial Statements,
		and Statutory Reports
	2	Approve Allocation of Income		For	For		Mgmt
		Special Business
	1	Approve Capital Increase In The		For	For		Mgmt
		Maximum Amount of EUR 8 Billion With
		Preemptive Rights
04/30/09 - A	Eni Spa		T3643A145			None		4,227
		Ordinary Business
	1	Accept Financial Statements,		For	For		Mgmt
		Consolidated Financial Statements,
		and Statutory Reports
	2	Approve Allocation of Income		For	For		Mgmt
05/13/09 - A	Entertainment Properties		29380T105			02/18/09		60
	Trust *EPR*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 5.18% is within allowable cap of
		5.48%.
	3	Ratify Auditors		For	For		Mgmt
06/09/09 - A	Equinix, Inc. *EQIX*		29444U502			04/20/09		578
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Equity One, Inc. *EQY*		294752100			03/16/09		1,573
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Noam Ben-Ozer --- For
	1.2	Elect Director James S. Cassel --- For
	1.3	Elect Director Cynthia R. Cohen --- For
	1.4	Elect Director Neil Flanzraich ---
		Withhold
		Sits on 6 boards.
	1.5	Elect Director Nathan Hetz --- For
	1.6	Elect Director Chaim Katzman --- For
	1.7	Elect Director Peter Linneman --- For
	1.8	Elect Director Jeffrey S. Olson --- For
	1.9	Elect Director Dori Segal --- For
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 62

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/26/09 - A	ev3, Inc. *EVVV*		26928A200			03/30/09		485
	1	Elect Director Jeffrey B. Child		For	Against		Mgmt
		Tax gross-ups on change-in-control agreement.
	2	Elect Director John L. Miclot		For	For		Mgmt
	3	Elect Director Thomas E. Timbie		For	Against		Mgmt
		Tax gross-ups on change-in-control agreement.
	4	Ratify Auditors		For	For		Mgmt
04/28/09 - A	Exelon Corporation *EXC*		30161N101			03/02/09		1,282
	1	Elect Directors		For	For		Mgmt
	2	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	3	Ratify Auditors		For	For		Mgmt
	4	Report on Global Warming		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence of non-
		compliance with current law or that proposal would
		results in inmproved shareholder returns.
04/30/09 - A	Exterran Holdings, Inc. *EXH*		30225X103			03/05/09		1,241
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 7.85% exceeds allowable cap of
		7.31%.
05/27/09 - A	Exxon Mobil Corp. *XOM*		30231G102			04/06/09		15,409
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Provide for Cumulative Voting		Against	Against		ShrHoldr
	4	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
		Shareholders may not act by written consent
		Shareholders may not call special meetings
	5	Reincorporate in Another State [from		Against	Against		ShrHoldr
		New Jersey to North Dakota]
		Management responded meaningfully and can
		accomplish proponent’s goals without incurring
		expense of reincorporation.
	6	Require Independent Board Chairman		Against	Against		ShrHoldr
		Independent lead director in place.
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
Mgmt Rec - Company Management Recommended Vote								Page 63

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		compensation consistently supported by PPC.
	8	Compare CEO Compensation to		Against	Against		ShrHoldr
		Average U.S. per Capita Income
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	9	Review Anti-discrimination Policy on		Against	Against		ShrHoldr
		Corporate Sponsorships and Executive
		Perks
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	10	Amend EEO Policy to Prohibit		Against	Against		ShrHoldr
		Discrimination based on Sexual
		Orientation and Gender Identity
		Current policies appear to address the
		proposal’s intent. Management responded
		meaningfully; no evidence of non-compliance with
		current law or that proposal will result in improved
		shareholder returns.
	11	Adopt Quantitative GHG Goals for		Against	Against		ShrHoldr
		Products and Operations
		Company appears to be addressing proponents
		issues though it may have different views on certain
		solutions. Management responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will result in improved shareholder returns.
	12	Report on Climate Change Impacts on		Against	Against		ShrHoldr
		Emerging Countries
		Restrictive to management; more effectively
		addressed by appropriate scientific disciplines and
		government agencies. Management responded
		meaningfully; no evidence of non-compliance with
		current law or that proposal will result in improved
		shareholder returns.
	13	Adopt Policy to Increase Renewable		Against	Against		ShrHoldr
		Energy
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/21/09 - A	Fifth Third Bancorp *FITB*		316773100			02/27/09		6,389
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Darryl F. Allen --- For
	1.2	Elect Director John F. Barrett --- For
Mgmt Rec - Company Management Recommended Vote								Page 64

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.3	Elect Director Ulysses L. Bridgeman,
		Jr. --- For
	1.4	Elect Director James P. Hackett --- For
	1.5	Elect Director Gary R. Heminger ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.6	Elect Director Kevin T. Kabat --- For
	1.7	Elect Director Mitchel D. Livingston ---
		For
	1.8	Elect Director Hendrik G. Meijer ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.9	Elect Director John J. Schiff, Jr. --- For
	1.10	Elect Director Dudley S. Taft --- For
	1.11	Elect Director Thomas W. Traylor ---
		For
	1.12	Elect Director Marsha C. Williams ---
		For
	2	Amend Articles of Incorporation		For	Against		Mgmt
		Blank check preferred without clear business need.
	3	Amend Nonqualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
	5	Advisory Vote on Executive		For	Against		Mgmt
		Compensation
		Pay/performance disconnect and poor pay practices.
	6	Prepare Sustainability Report		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in imprved shareholder returns.
	7	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
	8	Hire Advisor/Maximize Shareholder		Against	Against		ShrHoldr
		Value
		Management has taken appropriate steps in current
		market; merger activity is limited and best price may
		not be readily obtainable.
04/28/09 - A	First Advantage Corp.		31845F100			03/10/09		99
	*FADV*
	1	Elect Directors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 65

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/01/09 - A	FLIR Systems, Inc. *FLIR*		302445101			02/27/09		1,948
	1	Elect Directors		For	For		Mgmt
	2	Approve Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
		All employees can purchase shares at 85% of F.M.V.
	3	Ratify Auditors		For	For		Mgmt
06/11/09 - A	Flotek Industries, Inc *FTK*		343389102			04/20/09		2,239
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/05/09 - A	Flowers Foods, Inc. *FLO*		343498101			04/03/09		1,575
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Joe E. Beverly ---
		Withhold
		Failure to remove dead hand/slow hand provision
		from poison pill.
	1.2	Elect Director Amos R. McMullian ---
		Withhold
		Failure to remove dead hand/slow hand provision
		from poison pill.
	1.3	Elect Director J.V. Shields, Jr. ---
		Withhold
		Failure to remove dead hand/slow hand provision
		from poison pill.
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Ratify Auditors		For	For		Mgmt
04/08/09 - S	Fortis SA/NV		B4399L102			None		4,404
		Special Meeting (Utrecht, the
		Netherlands)
	1	Open Meeting		None	None		Mgmt
	2	Withdrawn Item: Approve the Proposed		None	None		Mgmt
		Transactions Between Fortis SA/NV,
		BNP Paribas S.A., the Belgian State,
		and Related Parties, as Laid Down in
		the Shareholder Circular
	3	Elect Directors		None	None		Mgmt
	4.1.	Amend Articles Re: Change of		For	For		Mgmt
		Company's Registered Seat to Utrecht,
		Decrease of Registered Capital and
		Deletion of References to Preference
		Shares, Reduction of Maximum
		Number of Directors to 11 and
Mgmt Rec - Company Management Recommended Vote								Page 66

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Introduction of Limited Indemnification
		for Directors
	4.2.	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
	5	Close Meeting		None	None		Mgmt
04/09/09 - S	Fortis SA/NV		B4399L102			None		4,404
		Special Meeting (Brussels, Belgium)
	1	Open Meeting		None	None		Mgmt
	2	Withdrawn Item: Approve the Proposed		None	None		Mgmt
		Transactions Between Fortis SA/NV,
		BNP Paribas S.A., the Belgian State,
		and Related Parties, as Laid Down in
		the Shareholder Circular
	3	Elect Directors		None	None		Mgmt
	4.1.	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	4.2.	Authorize Disposal of, Including		For	For		Mgmt
		Reissuance, of Repurchased Shares
	5.1.1	Approve Reduction in Share Capital to		For	For		Mgmt
		Set Off Losses for Fiscal Year 2008
	5.1.2	Approve Reduction in Share Capital,		For	For		Mgmt
		Book Corresponding Amount Under
		'Reserves Available for Distribution',
		and Amend Articles Accordingly
	5.2.1	Receive Special Board Report		None	None		Mgmt
	5.2.2	Authorize Issuance of Equity With or		For	For		Mgmt
		Without Preemptive Rights and Amend
		Articles Accordingly
	5.3	Amend Articles Re: Decrease		For	For		Mgmt
		Maximum Number of Directors
	6	Close Meeting		None	None		Mgmt
04/28/09 -	Fortis SA/NV		B4399L102			None		4,404
A/S
		Annual/Special Meeting of Fortis
		SA/NV
	1	Open Meeting		None	None		Mgmt
	2	Approve the Proposed Transactions		For	For		Mgmt
		Between Fortis SA/NV, BNP Paribas
		S.A., the Belgian State, and Related
		Parties, as Laid Down in the
		Shareholder Circular
	3.1.1	Receive Directors' Report (Non-Voting)		None	None		Mgmt
	3.1.2	Receive Consolidated Financial		None	None		Mgmt
		Statements and Statutory Reports
	3.1.3	Accept Financial Statements		For	For		Mgmt
	3.1.4	Approve Allocation of Income		For	For		Mgmt
	3.2	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
Mgmt Rec - Company Management Recommended Vote								Page 67

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3.3.1	Approve Discharge of Directors		For	Against		Mgmt
		Given the vagueness of the remuneration policy,
		and, more even crucially, because of the defective
		communication of the company, there are serious
		concerns about actions of the board for the year
		2008. Therefore, refusal to grant discharge to the
		board for the past fiscal year is warranted.
	3.3.2	Approve Discharge of Auditors		For	For		Mgmt
	4	Discussion on Company's Corporate		None	None		Mgmt
		Governance Structure
	5	Elect Directors		For	For		Mgmt
	6.1	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	6.2	Authorize Disposal of, Including		For	For		Mgmt
		Reissuance, of Repurchased Shares
	7.1.1	Approve Reduction in Share Capital to		For	For		Mgmt
		Set Off Losses for Fiscal Year 2008
	7.1.2	Approve Reduction in Share Capital,		For	For		Mgmt
		Book Corresponding Amount Under
		'Reserves Available for Distribution',
		and Amend Articles Accordingly
	7.2.1	Receive Special Board Report		None	None		Mgmt
	7.2.2	Authorize Issuance of Equity With or		For	For		Mgmt
		Without Preemptive Rights and Amend
		Articles Accordingly
	7.3	Fix Maximum Number of Directors at		For	For		Mgmt
		11
	8	Close Meeting		None	None		Mgmt
04/29/09 -	Fortis SA/NV		B4399L102			None		4,404
A/S
		Annual/Special Meeting of Fortis NV
	1	Open Meeting		None	None		Mgmt
	2	Approve the Proposed Transactions		For	For		Mgmt
		Between Fortis SA/NV, BNP Paribas
		S.A., the Belgian State, and Related
		Parties, as Laid Down in the
		Shareholder Circular
	3.1.1	Receive Directors' Report (Non-Voting)		None	None		Mgmt
	3.1.2	Receive Consolidated Financial		None	None		Mgmt
		Statements and Statutory Reports
	3.1.3	Accept Financial Statements		For	For		Mgmt
	3.2	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	3.3	Approve Discharge of Directors		For	Against		Mgmt
		Given the vagueness of the remuneration policy,
		and, more crucially even, because of the defective
		communication of the company, we consider there
		are serious concerns about actions of the board for
		the year 2008. Therefore, refusual to grant discharge
Mgmt Rec - Company Management Recommended Vote								Page 68

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		to the board for the past fiscal year is warranted.
	4	Discussion on Company's Corporate		None	None		Mgmt
		Governance Structure
	5	Elect Directors		For	For		Mgmt
	6.1	Amend Articles Re: Amend Authorized		For	For		Mgmt
		Capital and Delete Preference Shares
	6.2	Amend Articles Re: Change of		For	For		Mgmt
		Company's Registered Seat to Utrecht
	6.3	Amend Articles Re: Body Authorized to		For	For		Mgmt
		Issue Shares Without Preemptive
		Rights
		General capital increases without preemptive rights
		should be no more than 20 percent of the existing
		outstanding share capital. Approval of this proposal
		would authorize the management board to issue
		shares equivalent to 24 percent of currently issued
		share capital without preemptive rights. Since the
		proposal exceeds guidelines, this proposal warrants
		a vote against.
	6.4	Fix Maximum Number of Directors at		For	For		Mgmt
		11
	6.5	Amend Articles Re: Introduction of		For	For		Mgmt
		Limited Indemnification for Directors
	6.6	Amend Articles Re: Annual General		For	For		Mgmt
		Meeting
	6.7	Authorize Coordination of Articles		For	For		Mgmt
	7	Close Meeting		None	None		Mgmt
05/20/09 - A	Fossil, Inc. *FOSL*		349882100			03/27/09		1,289
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/06/09 - A	Foster Wheeler AG *FWLT*		H27178104			03/09/09		2,302
		This is a duplicate meeting for
		ballots received via the Broadridge
		North American ballot distribution
		system
	1	ELECTION OF DIRECTOR: ROBERT		For	For		Mgmt
		C. FLEXON
	2	ELECTION OF DIRECTOR:		For	For		Mgmt
		MAUREEN B. TART-BEZER
	3	ELECTION OF DIRECTOR: JAMES D.		For	For		Mgmt
		WOODS
	4	RE-ELECTION OF		For	For		Mgmt
		PRICEWATERHOUSECOOPERS AG,
		SWITZERLAND, AS
		OURINDEPENDENT AUDITOR (
		REVISIONSSTELLE ) FOR 2009
	5	RATIFICATION OF THE		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 69

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		APPOINTMENT OF
		PRICEWATERHOUSECOOPERS LLP
		ASOUR INDEPENDENT
		REGISTERED PUBLIC ACCOUNTING
		FIRM FOR 2009(CONSULTATIVE
		VOTE)
	6	IN THE EVENT		For	Abstain		Mgmt
		COUNTERPROPOSALS,
		ALTERATIONS OR AMENDMENTS
		OF THEAGENDA ITEMS OR OTHER
		MATTERS ARE RAISED AT THE
		ANNUAL GENERALMEETING, I
		INSTRUCT THE APPOINTED
		PROXIES TO VOTE AS FOLLOWS
05/26/09 -	France Telecom		F4113C103			05/21/09		2,407
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Discharge Directors
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.40 per Share
	4	Approve Auditors' Special Report		For	Against		Mgmt
		Regarding Related-Party Transactions
		Given the absence of full disclosure with regard to
		the performance criteria applying to Didier Lombard's
		bonus, it is not possible to consider the performance
		conditions attached to these severance payments
		sufficiently challenging. As a result, this item
		does not merit support.
	5	Renew Appointment of Ernst and		For	For		Mgmt
		Young Audit as Auditor
	6	Renew Appointment of Auditex as		For	For		Mgmt
		Alternate Auditor
	7	Renew Appointment of Deloitte and		For	For		Mgmt
		Associes as Auditor
	8	Renew Appointment of BEAS as		For	For		Mgmt
		Alternate Auditor
	9	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	10	Amend Article 13 of Bylaws Re:		For	For		Mgmt
		Shareholding Requirements for
		Directors
	11	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 2 Billion
Mgmt Rec - Company Management Recommended Vote								Page 70

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	12	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights, with the Possibility Not to Offer
		them to the Public, up to Aggregate
		Nominal Amount of EUR 1.5 Billion
	13	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	14	Authorize Capital Increase of Up to		For	For		Mgmt
		EUR 1.5 Billion for Future Exchange
		Offers
	15	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	16	Authorize Capital Increase of up to		For	For		Mgmt
		EUR 70 Million Reserved for Holders of
		Orange SA Stock Options or Shares in
		Connection with France Telecom
		Liquidity Agreement
	17	Authorize up to EUR 1 Million for		For	For		Mgmt
		Issuance of Free Option-Based
		Liquidity Instruments Reserved for
		Holders of Orange SA Stock Options
		Benefitting from a Liquidity Agreement
	18	Set Global Limit for Capital Increase to		For	For		Mgmt
		Result from All Issuance Requests at
		EUR 3.5 Billion
	19	Approve Issuance of Securities		For	For		Mgmt
		Convertible into Debt up to an
		Aggregate Amount of EUR 7 Billion
	20	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 2 Billion for Bonus Issue or
		Increase in Par Value
	21	Authorize up to 1 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock Plan
		The absence of information on forward-looking
		performance criteria and the volume in excess of
		recommended guidelines (5.23 percent) warrant
		opposition to this proposal.
	22	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	23	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	24	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
06/17/09 - A	Freds, Inc. *FRED*		356108100			05/01/09		3,112
	1	Elect Directors		For	Withhold		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 71

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
06/11/09 - A	Freeport-McMoRan Copper & 35671D857					04/14/09		1,251
	Gold Inc. *FCX*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Richard C. Adkerson ---
		For
	1.2	Elect Director Robert J. Allison, Jr. ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.3	Elect Director Robert A. Day --- For
	1.4	Elect Director Gerald J. Ford --- For
	1.5	Elect Director H. Devon Graham, Jr. ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.6	Elect Director J. Bennett Johnston ---
		For
	1.7	Elect Director Charles C. Krulak ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.8	Elect Director Bobby Lee Lackey ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.9	Elect Director Jon C. Madonna --- For
	1.10	Elect Director Dustan E. McCoy --- For
	1.11	Elect Director Gabrielle K. McDonald ---
		For
	1.12	Elect Director James R. Moffett --- For
	1.13	Elect Director B.M. Rankin, Jr. --- For
	1.14	Elect Director J. Stapleton Roy --- For
	1.15	Elect Director Stephen H. Siegele ---
		For
	1.16	Elect Director J. Taylor Wharton --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Request Director Nominee		Against	Against		ShrHoldr
		Environmental Qualifications
		Management responded meaningfully; not likely to
		accomplish proponent’s goals.
Mgmt Rec - Company Management Recommended Vote								Page 72

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/29/09 - A	Fresh Del Monte Produce Inc.		G36738105			02/27/09		634
	*FDP*
	1a	Elect Mohammad Abu-Ghazaleah as		For	For		Mgmt
		director
	1b	Elect Hani El-Naffy as director		For	For		Mgmt
	1c	Elect John H. Dalton as director		For	For		Mgmt
	2	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports (Voting)
	3	Ratify Ernst & Young LLP as Auditors		For	For		Mgmt
06/03/09 - A	FTI Consulting, Inc. *FCN*		302941109			03/30/09		794
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 11.33% is within allowable cap of
		11.35%.
	3	Ratify Auditors		For	For		Mgmt
05/21/09 - A	Fuel Tech, Inc. *FTEK*		359523107			03/24/09		2,177
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/05/09 - A	Gamco Investors Inc *GBL*		361438104			03/31/09		292
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/06/09 - A	General Dynamics Corp.		369550108			03/09/09		1,130
	*GD*
	1	Elect Director Nicholas D. Chabraja		For	For		Mgmt
	2	Elect Director James S. Crown		For	For		Mgmt
	3	Elect Director William P. Fricks		For	For		Mgmt
	4	Elect Director Jay L. Johnson		For	For		Mgmt
	5	Elect Director George A. Joulwan		For	For		Mgmt
	6	Elect Director Paul G. Kaminski		For	For		Mgmt
	7	Elect Director John M. Keane		For	For		Mgmt
	8	Elect Director Deborah J. Lucas		For	For		Mgmt
	9	Elect Director Lester L. Lyles		For	For		Mgmt
	10	Elect Director J. Christopher Reyes		For	For		Mgmt
	11	Elect Director Robert Walmsley		For	For		Mgmt
	12	Approve Omnibus Stock Plan		For	For		Mgmt
	13	Approve Nonqualified Employee Stock		For	For		Mgmt
		Purchase Plan
		Plan for UK employees; intended to comply with UK
		law; 85% discount.
	14	Ratify Auditors		For	For		Mgmt
	15	Report on Space-based Weapons		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 73

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Program
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	16	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
		Overly restrictive and not the best way to accomplish
		proponents goals.
04/22/09 - A	General Electric Co. *GE*		369604103			02/23/09		25,727
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director James I. Cash, Jr. --- For
	1.2	Elect Director William M. Castell --- For
	1.3	Elect Director Ann M. Fudge --- For
	1.4	Elect Director Susan Hockfield --- For
	1.5	Elect Director Jeffrey R. Immelt --- For
	1.6	Elect Director Andrea Jung --- For
	1.7	Elect Director Alan G. (A.G.) Lafley ---
		For
		75% attendance one year (PPC guideline is withhold
		75% two years).
	1.8	Elect Director Robert W. Lane --- For
	1.9	Elect Director Ralph S. Larsen --- For
	1.10	Elect Director Rochelle B. Lazarus ---
		For
	1.11	Elect Director James J. Mulva --- For
	1.12	Elect Director Sam Nunn --- For
	1.13	Elect Director Roger S. Penske --- For
	1.14	Elect Director Robert J. Swieringa ---
		For
	1.15	Elect Director Douglas A. Warner III ---
		For
	2	Ratify Auditors		For	For		Mgmt
	3	Provide for Cumulative Voting		Against	Against		ShrHoldr
	4	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Same language as other proposals approved by
		PPC.
	5	Evaluate the Potential Conversion of		Against	Against		ShrHoldr
		the Corporation's Business Units into
		Four or More Public Corporations and
		Distribute New Shares
		No clear evidence that prposal will improve
		shareholder returns or improve stragetic oversight
Mgmt Rec - Company Management Recommended Vote								Page 74

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		and management planning already in place.
	6	Adopt Policy to Cease the Payments of		Against	Against		ShrHoldr
		Dividends or Equivalent Payments to
		Senior Executives for Shares Not
		Owned
		Dividends are deemed earned prior to share payout.
	7	Submit Severance Agreement (Change		Against	Against		ShrHoldr
		in Control) to shareholder Vote
05/20/09 - A	GlaxoSmithKline plc		G3910J112			None		7,030
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Elect James Murdoch as Director		For	For		Mgmt
	4	Re-elect Larry Culp as Director		For	For		Mgmt
	5	Re-elect Sir Crispin Davis as Director		For	For		Mgmt
	6	Re-elect Dr Moncef Slaoui as Director		For	For		Mgmt
	7	Re-elect Tom de Swaan as Director		For	For		Mgmt
	8	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	9	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	10	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Organisations
		Other than Political Parties up to GBP
		50,000 and to Incur EU Political
		Expenditure up to GBP 50,000
	11	Authorise Issue of Equity with Pre-		For	For		Mgmt
		emptive Rights Under a General
		Authority up to GBP 432,359,137 and
		an Additional Amount Pursuant to a
		Rights Issue of up to GBP 864,692,333
		After Deducting Any Securities Issued
		Under the General Authority
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 64,854,519
	13	Authorise 518,836,153 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	14	Approve the Exemption from Statement		For	For		Mgmt
		of the Name of the Senior Statutory
		Auditor in Published Copies of the
		Auditor's Reports
	15	Approve That a General Meeting of the		For	For		Mgmt
		Company Other Than an Annual
		General Meeting May Be Called on Not
		Less Than 14 Clear Days' Notice
	16	Approve GlaxoSmithKline 2009		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 75

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Performance Share Plan
	17	Approve GlaxoSmithKline 2009 Share		For	For		Mgmt
		Option Plan
	18	Approve GlaxoSmithKline 2009		For	For		Mgmt
		Deferred Annual Bonus Plan
05/07/09 - A	Google Inc *GOOG*		38259P508			03/10/09		906
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Eric Schmidt --- Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.2	Elect Director Sergey Brin --- Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.3	Elect Director Larry Page --- Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.4	Elect Director L. John Doerr ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.5	Elect Director John L. Hennessy ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.6	Elect Director Arthur D. Levinson ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.7	Elect Director Ann Mather --- Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.8	Elect Director Paul S. Otellini ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.9	Elect Director K. Ram Shriram ---
Mgmt Rec - Company Management Recommended Vote								Page 76

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.10	Elect Director Shirley M. Tilghman ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
	4	Report on Political Contributions		For	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	5	Adopt Policies to Protect Freedom of		Against	Against		ShrHoldr
		Access to the Internet
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	6	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/22/09 - A	Greenhill & Co., Inc. *GHL*		395259104			03/03/09		147
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Robert F. Greenhill ---
		For
	1.2	Elect Director Scott L. Bok --- For
	1.3	Elect Director Simon A. Borrows --- For
	1.4	Elect Director John C. Danforth --- For
	1.5	Elect Director Steven F. Goldstone ---
		For
	1.6	Elect Director Stephen L. Key --- For
	1.7	Elect Director Robert T. Blakely --- For
Mgmt Rec - Company Management Recommended Vote								Page 77

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Ratify Auditors		For	For		Mgmt
05/14/09 - A	Gulfmark Offshore, Inc.		402629109			03/24/09		41
	*GLF*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/02/09 - A	H & E EQUIPMENT		404030108			04/09/09		3,313
	SERVICES INC *HEES*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/04/09 - A	H & M Hennes & Mauritz		W41422101			04/27/09		647
	1	Open Meeting		None	None		Mgmt
	2	Elect Sven Unger as Chairman of		For	For		Mgmt
		Meeting
	3	Receive President's Report; Allow for		None	None		Mgmt
		Questions
	4	Prepare and Approve List of		For	For		Mgmt
		Shareholders
	5	Approve Agenda of Meeting		For	For		Mgmt
	6	Designate Inspector(s) of Minutes of		For	For		Mgmt
		Meeting
	7	Acknowledge Proper Convening of		For	For		Mgmt
		Meeting
	8a	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports; Receive Information
		About Remuneration Guidelines
	8b	Receive Auditor's and Auditing		None	None		Mgmt
		Committee's Reports
	8c	Receive Chairman's Report About		None	None		Mgmt
		Board Work
	8d	Receive Report of the Chairman of the		None	None		Mgmt
		Nominating Committee
	9a	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	9b	Approve Allocation of Income and		For	For		Mgmt
		Dividends of SEK 15.50 per Share
	9c	Approve Discharge of Board and		For	For		Mgmt
		President
	10	Determine Number of Members (7) and		For	For		Mgmt
		Deputy Members (0) of Board
	11	Approve Remuneration of Directors in		For	For		Mgmt
		the Amount of SEK 1.4 Million to the
		Chairman and 375,000 to Other
		Directors; Approve Remuneration to
		Committee Members; Approve
		Remuneration of Auditors
Mgmt Rec - Company Management Recommended Vote								Page 78

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	12	Reelect Mia Livfors, Lottie Knutson,		For	Against		Mgmt
		Sussi Kvart, Bo Lundquist, Stig
		Nordfelt, Stefan Persson (Chair), and
		Melker Schoerling as Directors
		Because the overall  independence of the
		shareholder-elected board members is below the 50-
		percent threshold for MSCI EAFE companies, this
		proposal does not merit support.
	13	Ratify Ernst & Young as Auditor for a		For	For		Mgmt
		Four Year Period
	14	Elect Stefan Persson, Lottie Tham,		For	For		Mgmt
		Staffan Grefbaeck, Jan Andersson, and
		Peter Lindell as Members of
		Nominating Committee
	15	Approve Remuneration Policy And		For	For		Mgmt
		Other Terms of Employment For
		Executive Management
	16	Close Meeting		None	None		Mgmt
04/16/09 - A	H.B. Fuller Co. *FUL*		359694106			02/18/09		261
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Non-Employee Director		For	Against		Mgmt
		Omnibus Stock Plan
		Plan's cost of 11.76% exceeds allowable cap of
		8.48%.
05/07/09 - A	Halozyme Therapeutics, Inc.		40637H109			04/01/09		4,305
	*HALO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Hercules Offshore, Inc.		427093109			02/27/09		1,759
	*HERO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Highwoods Properties, Inc.		431284108			03/02/09		1,139
	*HIW*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 4.94% is within allowable cap of
		5.00%.
Mgmt Rec - Company Management Recommended Vote								Page 79

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/28/09 - A	Home Depot, Inc. *HD*		437076102			03/30/09		5,099
	1	Elect Director F. Duane Ackerman		For	For		Mgmt
	2	Elect Director David H. Batchelder		For	For		Mgmt
	3	Elect Director Francis S. Blake		For	For		Mgmt
	4	Elect Director Ari Bousbib		For	For		Mgmt
	5	Elect Director Gregory D. Brenneman		For	For		Mgmt
	6	Elect Director Albert P. Carey		For	For		Mgmt
	7	Elect Director Armando Codina		For	For		Mgmt
	8	Elect Director Bonnie G. Hill		For	For		Mgmt
	9	Elect Director Karen L. Katen		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Approve Right to Call Special Meetings		For	For		Mgmt
		Shareholders may not act by written consent
		Shareholders may not call special meetings
	12	Provide for Cumulative Voting		Against	Against		ShrHoldr
	13	Call Special Meetings		Against	Against		ShrHoldr
		Not necessary; already in place (see management
		proposal item 11 - to approve amendment already in
		place - 25% right to call special meeting).
	14	Prepare Employment Diversity Report		Against	Against		ShrHoldr
		Management responded meaningfully, has
		appropriate policies in place and has dealt with past
		allegations within the existing legal and regulatory
		structure.
	15	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
	16	Assess Energy Use and Establish		Against	Against		ShrHoldr
		Reduction Targets
		Management responded meaningfully; overly
		restrictive and not likely to accomplish
		proponent’s goals.
05/05/09 - A	Home Properties Inc *HME*		437306103			03/09/09		35
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/23/09 - A	Honda Motor Co. Ltd. *7267*		J22302111			03/31/09		2,255
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 8
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
	4	Appoint Statutory Auditor		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 80

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Approve Annual Bonus Payment to		For	For		Mgmt
		Directors and Statutory Auditors
05/22/09 - A	HSBC Holdings plc		G4634U169			None		17,370
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
		Vote Recommendation On balance, the
		Company's remuneration practices comply with its
		strategy and follow good practice guidelines, with the
		exception of the contractual entitlement of average
		bonus upon engagement under two Executive
		Directors’ service contracts. However,
		whereas this issue is highlighted on this occasion,
		retention of this feature may result in an unfavourable
		vote recommendation on the remuneration report in
		future years. Mitigating, it is noted that the
		provision for average bonus will no longer be an
		issue for Stephen Green in the future as he is no
		longer eligible to receive annual bonus payments and
		therefore any average bonus receivable under the
		termination arrangements would be zero, assuming
		his remaining on the Board for at least two more
		years. Nevertheless, the issue remains for Michael
		Geoghegan who, although having received no bonus
		for 2008, will be eligible for annual bonus payments
		going forward  At this time, shareholders are
		recommended to support this item.			[VOTE
		RECOMMENDATION: CONTENTIOUS FOR]
	3a	Re-elect Safra Catz as Director		For	For		Mgmt
	3b	Re-elect Vincent Cheng as Director		For	For		Mgmt
	3c	Elect Marvin Cheung as Director		For	For		Mgmt
	3d	Re-elect John Coombe as Director		For	For		Mgmt
	3e	Re-elect Jose Duran as Director		For	For		Mgmt
	3f	Re-elect Rona Fairhead as Director		For	For		Mgmt
	3g	Re-elect Douglas Flint as Director		For	For		Mgmt
	3h	Re-elect Alexander Flockhart as		For	For		Mgmt
		Director
	3i	Re-elect Lun Fung as Director		For	For		Mgmt
	3j	Re-elect Michael Geoghegan as		For	For		Mgmt
		Director
	3k	Re-elect Stephen Green as Director		For	For		Mgmt
	3l	Re-elect Stuart Gulliver as Director		For	For		Mgmt
	3m	Re-elect James Hughes-Hallett as		For	For		Mgmt
		Director
	3n	Re-elect William Laidlaw as Director		For	For		Mgmt
	3o	Elect Rachel Lomax as Director		For	For		Mgmt
	3p	Re-elect Sir Mark Moody-Stuart as		For	For		Mgmt
		Director
	3q	Re-elect Gwyn Morgan as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 81

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3r	Re-elect Nagavara Murthy as Director		For	For		Mgmt
	3s	Re-elect Simon Robertson as Director		For	For		Mgmt
	3t	Elect John Thornton as Director		For	For		Mgmt
	3u	Re-elect Sir Brian Williamson as		For	For		Mgmt
		Director
	4	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		and Authorise the Group Audit
		Committee to Determine Their
		Remuneration
	5	Auth. Issuance of Non-Cumulative Pref.		For	For		Mgmt
		Shares with Pre-emptive Rights up to
		Aggregate Nominal Amount of GBP
		100,000, EUR 100,000 and USD
		85,500; and Auth. Issuance of Ord.
		Shares with Pre-emptive Rights up to
		Aggregate Nominal Amount of USD
		1,720,481,200
	6	Subject to the Passing of Resolution 5,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 430,120,300
	7	Authorise 1,720,481,200 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	8	Adopt New Articles of Association		For	For		Mgmt
	9	Approve General Meetings Other Than		For	For		Mgmt
		an Annual General Meetings to be
		Called on 14 Clear Days' Notice
04/23/09 - A	Humana Inc. *HUM*		444859102			02/23/09		2,509
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/14/09 - A	IHS INC. *IHS*		451734107			03/13/09		1,111
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/08/09 - A	Illinois Tool Works Inc. *ITW*		452308109			03/10/09		1,510
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Submit SERP to Shareholder Vote		Against	For		ShrHoldr
		Non-binding; submit to shareholder vote if additing
		years age/service to SERP.
05/08/09 - A	Illumina, Inc. *ILMN*		452327109			03/16/09		1,071
	1	Elect Director A. Blaine Bowman		For	For		Mgmt
	2	Elect Director Karin Eastham		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 82

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Elect Director Jay T. Flatley		For	For		Mgmt
	4	Elect Director William H. Rastetter,		For	For		Mgmt
		Ph.D.
	5	Ratify Auditors		For	For		Mgmt
04/27/09 - A	ING Groep NV		N4578E413			03/30/09		3,113
		Annual Meeting
	1	Open Meeting and Receive		None	None		Mgmt
		Announcements
	2a	Receive Report of Management Board		None	None		Mgmt
		(Non-Voting)
	2b	Receive Report of Supervisory Board		None	None		Mgmt
		(Non-Voting)
	2c	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	3a	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	3b	Approve Dividends of EUR 0.74 Per		For	For		Mgmt
		Share
	4	Discuss Remuneration Report		None	None		Mgmt
	5	Discussion on Company's Corporate		None	None		Mgmt
		Governance Structure
	6	Receive Explanation on Company's		None	None		Mgmt
		Corporate Responsibility Performance
	7a	Approve Discharge of Management		For	For		Mgmt
		Board
	7b	Approve Discharge of Supervisory		For	For		Mgmt
		Board
	8a	Elect Jan Hommen to Executive Board		For	For		Mgmt
	8b	Elect Patrick Flynn		For	For		Mgmt
	9a	Reelect Godfried van der Lugt to		For	For		Mgmt
		Supervisory Board
	9b	Elect Tineke Bahlmann to Supervisory		For	For		Mgmt
		Board
	9c	Elect Jeroen van der Veer to		For	For		Mgmt
		Supervisory Board
	9d	Elect Lodewijk de Waal to Supervisory		For	For		Mgmt
		Board
	10	Grant Board Authority to Issue Shares		For	For		Mgmt
		and Restricting/Excluding Preemptive
		Rights
	11	Authorize Repurchase of Shares		For	For		Mgmt
	12	Any Other Businesss and Close		None	None		Mgmt
		Meeting
06/03/09 - A	Ingersoll-Rand PLC *IR*		G4776G101			04/06/09		3,759
	1a	Elect A.C. Berzin as Director		For	For		Mgmt
	1b	Elect J. L. Cohon as Director		For	For		Mgmt
	1c	Elect G. D. Forsee as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 83

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1d	Elect P. C. Godsoe as Director		For	For		Mgmt
	1e	Elect E. E. Hagenlocker as Director		For	For		Mgmt
	1f	Elect H.L. Henkel as Director		For	For		Mgmt
	1g	Elect C. J. Horner as Director		For	For		Mgmt
	1h	Elect T. E. Martin as Director		For	For		Mgmt
	1i	Elect P. Nachtigal as Director		For	For		Mgmt
	1j	Elect O. R. Smith as Director		For	For		Mgmt
	1k	Elect R. J. Swift as Director		For	For		Mgmt
	1l	Elect T. L. White as Director		For	For		Mgmt
	2	Approve an Advisory Proposal Relating		For	For		Mgmt
		to Executive Pay-For-Performance
		Compensation Policies and Procedures
	3	Increase Number of Shares Reserved		For	For		Mgmt
		Under 2007 Incentive Stock Plan
	4	Approve PricewaterhouseCoopers LLP		For	For		Mgmt
		as independent auditors of the
		company and authorize Board to Fix
		Their Remuneration
06/03/09 - C	Ingersoll-Rand PLC *IR*		G4776G101			04/06/09		3,759
	1	Approve Scheme of Arrangement		For	For		Mgmt
	2	Approve the Creation of Distributable		For	For		Mgmt
		Reserves of Ingersoll-Rand Company
		Limited
	3	Adjourn Meeting		For	For		Mgmt
04/22/09 - A	Insituform Technologies, Inc. 457667103					02/27/09		2,332
	*INSU*
	1	Elect Director J. Joseph Burgess		For	For		Mgmt
	2	Elect Director Stephen P. Cortinovis		For	For		Mgmt
	3	Elect Director Stephanie A. Cuskley		For	For		Mgmt
	4	Elect Director John P. Dubinsky		For	For		Mgmt
	5	Elect Director Juanita H. Hinshaw		For	For		Mgmt
	6	Elect Director Alfred L. Woods		For	For		Mgmt
	7	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 8.63% is within allowable cap of
		8.63%.
	8	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 84

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/30/09 - A	Insulet Corp *PODD*		45784P101			03/20/09		2,260
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Ross Jaffe --- Withhold
		Failure to submit poison pill to shareholder vote.
	1.2	Elect Director Charles Liamos ---
		Withhold
		Failure to submit poison pill to shareholder vote.
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	Intel Corporation *INTC*		458140100			03/23/09		15,257
	1	Elect Director Charlene Barshefsky		For	For		Mgmt
	2	Elect Director Susan L. Decker		For	For		Mgmt
	3	Elect Director John J. Donahoe		For	For		Mgmt
	4	Elect Director Reed E. Hundt		For	For		Mgmt
	5	Elect Director Paul S. Otellini		For	For		Mgmt
	6	Elect Director James D. Plummer		For	For		Mgmt
	7	Elect Director David S. Pottruck		For	For		Mgmt
	8	Elect Director Jane E. Shaw		For	For		Mgmt
	9	Elect Director John L. Thornton		For	For		Mgmt
	10	Elect Director Frank D. Yeary		For	For		Mgmt
	11	Elect Director David B. Yoffie		For	For		Mgmt
	12	Ratify Auditors		For	For		Mgmt
	13	Amend Omnibus Stock Plan		For	For		Mgmt
	14	Approve Stock Option Exchange		For	For		Mgmt
		Program
		Value-for-value, excludes executives and directors,
		reducines 15.3% overhand, no accounting expense
		impact, no recycling of surrendered options, incresed
		share alloation is within cap.
	15	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	16	Provide for Cumulative Voting		Against	Against		ShrHoldr
	17	Adopt Policy on Human Rights to Water		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/21/09 - A	Interactive Brokers Group		45841N107			02/24/09		69
	Inc. *IBKR*
	1	Elect Director Thomas Peterffy		For	For		Mgmt
	2	Elect Director Earl H. Nemser		For	For		Mgmt
	3	Elect Director Paul J. Brody		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 85

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Elect Director Milan Galik		For	For		Mgmt
	5	Elect Director Lawrence E. Harris		For	For		Mgmt
	6	Elect Director Hans R. Stoll		For	For		Mgmt
	7	Elect Director Ivers W. Riley		For	For		Mgmt
	8	Ratify Auditors		For	For		Mgmt
05/18/09 - A	International Bancshares		459044103			04/01/09		1,328
	Corp. *IBOC*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnece or poor pay practices.
04/28/09 - A	International Business		459200101			02/27/09		3,506
	Machines Corp. *IBM*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director A. J. P. Belda --- For
	1.2	Elect Director C. Black --- For
	1.3	Elect Director W. R. Brody --- For
	1.4	Elect Director K. I. Chenault --- For
	1.5	Elect Director M. L. Eskew --- For
	1.6	Elect Director S. A. Jackson --- Against
		Sits on six public company boards and multiple large
		private institutional boards.
	1.7	Elect Director T. Nishimuro --- For
	1.8	Elect Director J. W. Owens --- For
	1.9	Elect Director S. J. Palmisano --- For
	1.10	Elect Director J. E. Spero --- For
	1.11	Elect Director S. Taurel --- For
	1.12	Elect Director L. H. Zambrano --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Provide for Cumulative Voting		Against	Against		ShrHoldr
	5	Review Executive Compensation		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 86

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Excludes defined benefit pension plan income from
		senior-executive compensation.
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior proposals supported by PPC.
04/30/09 -	Intesa SanPaolo SPA		T55067101			04/24/09		12,689
A/S
		Ordinary Business
	1	Approve Allocation of Income		For	For		Mgmt
	2	Integrate Remuneration of External		For	For		Mgmt
		Auditors
		Special Business
	1	Amend Company Bylaws to Comply		For	For		Mgmt
		with Bank of Italy's Regulation
06/18/09 - A	Inverness Medical		46126P106			04/27/09		1,345
	Innovations Inc *IMA*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 8.02% is within allowable cap of
		11.28%.
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
		All employees who work more than 20 hours a week
		and have been employed for at least three months
		can purchase shares at 85% of F.M.V.
	4	Ratify Auditors		For	For		Mgmt
05/20/09 - A	ITC Holdings Corp *ITC*		465685105			04/06/09		871
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/05/09 - A	Itron, Inc. *ITRI*		465741106			02/27/09		591
	1	Elect Director Michael B. Bracy		For	For		Mgmt
	2	Elect Director Kirby A. Dyess		For	For		Mgmt
	3	Elect Director Graham M. Wilson		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
05/28/09 - A	IXIA *XXIA*		45071R109			04/03/09		5,952
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 19.95% exceeds allowable cap of
Mgmt Rec - Company Management Recommended Vote								Page 87

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		15.89%.
	3	Ratify Auditors		For	For		Mgmt
06/04/09 - A	J.Crew Group, Inc. *JCG*		46612H402			04/07/09		1,115
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Johnson & Johnson *JNJ*		478160104			02/24/09		7,200
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consisent with prior proposals supported by PPC.
05/19/09 - A	JPMorgan Chase & Co.		46625H100			03/20/09		8,472
	*JPM*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	4	Disclose Prior Government Service		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	5	Provide for Cumulative Voting		Against	Against		ShrHoldr
	6	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholder currently hhave right to call special
		meeting (33.3%).
	7	Report on Predatory Lending Policies		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	8	Amend Key Executive Performance		Against	Against		ShrHoldr
		Plan
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	9	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Management responded meaningfully; not
		appropriate method to establish comprehensive
Mgmt Rec - Company Management Recommended Vote								Page 88

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	10	Prepare Carbon Principles Report		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
05/13/09 - A	Knight Capital Group, Inc.		499005106			04/01/09		2,163
	*NITE*
	1	Elect Director William L. Bolster		For	For		Mgmt
	2	Elect Director Gary R. Griffith		For	For		Mgmt
	3	Elect Director Thomas M. Joyce		For	For		Mgmt
	4	Elect Director James W. Lewis		For	For		Mgmt
	5	Elect Director Thomas C. Lockburner		For	For		Mgmt
	6	Elect Director James T. Milde		For	For		Mgmt
	7	Elect Director Christopher C. Quick		For	For		Mgmt
	8	Elect Director Laurie M. Shahon		For	For		Mgmt
	9	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
		All named executive officers will receive cash and/or
		stock, including but not limited to unrestricted shares
		of common stock, restricted shares, or RSUs.
	10	Ratify Auditors		For	For		Mgmt
06/24/09 - A	Komatsu Ltd. *6301*		J35759125			03/31/09		1,464
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 18
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Indemnify
		Directors and Statutory Auditors
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Statutory Auditor		For	For		Mgmt
	4.2	Appoint Statutory Auditor		For	Against		Mgmt
		Given that he receives income under a current
		contract with the statutory auditor board, Matsuo
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	5	Approve Annual Bonus Payment to		For	For		Mgmt
		Directors
	6	Approve Stock Option Plan		For	For		Mgmt
04/07/09 - A	Koninklijke KPN N.V.		N4297B146			03/16/09		2,858
		Annual Meeting
	1	Open Meeting and Announcements		None	None		Mgmt
	2	Receive Report of Management Board		None	None		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 89

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		(Non-Voting)
	3	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	4	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	5	Approve Dividends of EUR 0.40 Per		For	For		Mgmt
		Share
	6	Approve Discharge of Management		For	For		Mgmt
		Board
	7	Approve Discharge of Supervisory		For	Against		Mgmt
		Board
		Given the supervisory board's decision not to submit
		several material changes in the compensation to a
		shareholder vote, which violates best practice
		standards in the Netherlands, a vote against the
		discharge of the supervisory board is appropriate.
	8	Ratify PricewaterhouseCoopers		For	For		Mgmt
		Accountants as Auditors
	9	Opportunity to Nominate Supervisory		None	None		Mgmt
		Board Members
	10	Elect A.H.J. Risseeuw to Supervisory		For	For		Mgmt
		Board
	11	Elect M.E. van Lier Lels to Supervisory		For	For		Mgmt
		Board
	12	Elect R.J. Routs to Supervisory Board		For	For		Mgmt
	13	Elect D.J. Haank to Supervisory Board		For	For		Mgmt
	14	Announce Vacancies on Supervisory		None	None		Mgmt
		Board Arising in 2010
	15	Authorize Repurchase of Shares		For	For		Mgmt
	16	Approve Reduction in Issued Share		For	For		Mgmt
		Capital by Cancellation of Shares
	17	Allow Questions and Close Meeting		None	None		Mgmt
05/20/09 - A	Kraft Foods Inc *KFT*		50075N104			03/12/09		4,146
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Currently have shareholder with to call special
		meeting (20%).
05/07/09 -	L air Liquide		F01764103			05/04/09		373
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 90

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 2.25 per Share
	4	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	5	Reelect Thierry Desmarest as Director		For	Against		Mgmt
		As a result of Thierry Desmarest's executive function
		with Total and his excessive number of other
		directorships, his reelection does not merit support.
	6	Reelect Alain Joly as Director		For	For		Mgmt
	7	Reelect Thierry Peugeot as Director		For	For		Mgmt
	8	Approve Transaction with BNP Paribas		For	For		Mgmt
	9	Approve Transaction with Benoit Potier		For	Against		Mgmt
		As the conditions attached to this transaction are not
		sufficiently stringent, and as the beneficiary could
		receive more than twice the last remuneration paid,
		this resolution does not merit support.
	10	Approve Transaction with Klaus		For	Against		Mgmt
		Schmieder
		As the conditions attached are not sufficiently
		stringent, this resolution does not merit support.
	11	Approve Transaction with Pierre Dufour		For	Against		Mgmt
		As the conditions attached are not sufficiently
		stringent, this resolution does not merit support.
		Special Business
	12	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	13	Authorize Board to Issue Free Warrants		For	Against		Mgmt
		with Preemptive Rights During a Public
		Tender Offer or Share Exchange
		The maximum capital increase (50 percent of issued
		capital) exceeds the threshold of 25 percent and the
		company did not provide a shareholder-friendly
		provision that automatically cancels issued warrants
		when the shareholders have tendered the majority of
		the shares composing the company share capital
		neither the company commits to calling an EGM
		allowing shareholders to vote on a potential takeover
		(a majority of shareholders can rescind the
		authorization). As antitakeover mechanisms limit
		shareholder value by eliminating the takeover or
		control premium for the company; shareholders
		should be given the opportunity to decide on the
		merits of takeover offers. Therefore, this item
		does not merit approval.
	14	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
Mgmt Rec - Company Management Recommended Vote								Page 91

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Amount of EUR 350 Million
	15	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	16	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	17	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for International Employees
		Ordinary Business
	18	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/19/09 - A	LaBranche & Co Inc. *LAB*		505447102			03/20/09		4,701
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/10/09 - A	Las Vegas Sands Corp *LVS*		517834107			04/13/09		1,385
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Prepare Sustainability Report		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
05/21/09 - A	Lear Corporation *LEARQ*		521865105			03/27/09		794
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director David E. Fry --- Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision); failure to act on majority supported
		shareholder proposal (reduce supermajority vote
		requirements).
	1.2	Elect Director Conrad L. Mallett, Jr. ---
		Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision); failure to act on majority supported
		shareholder proposal (reduce supermajority vote
		requirements).
	1.3	Elect Director Robert E. Rossiter ---
		Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision); failure to act on majority supported
		shareholder proposal (reduce supermajority vote
Mgmt Rec - Company Management Recommended Vote								Page 92

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		requirements).
	1.4	Elect Director David P. Spalding ---
		Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision); failure to act on majority supported
		shareholder proposal (reduce supermajority vote
		requirements).
	1.5	Elect Director James A. Stern ---
		Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision); failure to act on majority supported
		shareholder proposal (reduce supermajority vote
		requirements).
	1.6	Elect Director Henry D.G. Wallace ---
		Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision); failure to act on majority supported
		shareholder proposal (reduce supermajority vote
		requirements).
	2	Ratify Auditors		For	For		Mgmt
	3	Adopt ILO Based Code of Conduct		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	4	Adopt Policy for Engagement With		Against	Against		ShrHoldr
		Proponents of Shareholder Proposals
		Supported by a Majority Vote
		Company can accomplish without this proposal; no
		evidence proposal as worded will achieve goals or
		improve shareholder returns.
04/23/09 - A	Life Time Fitness, Inc. *LTM*		53217R207			02/26/09		224
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Increase Authorized Common Stock		For	For		Mgmt
		Passes Mellon calculations.
	4	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 9.82% exceeds allowable cap of
		9.64%.
05/11/09 - A	LKQ Corp. *LKQX*		501889208			03/13/09		2,208
	1	Elect Director A. Clinton Allen		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 93

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Elect Director Robert M. Devlin		For	For		Mgmt
	3	Elect Director Donald F. Flynn		For	For		Mgmt
	4	Elect Director Kevin F. Flynn		For	For		Mgmt
	5	Elect Director Ronald G. Foster		For	For		Mgmt
	6	Elect Director Joseph M. Holsten		For	For		Mgmt
	7	Elect Director Paul M. Meister		For	For		Mgmt
	8	Elect Director John F. O'Brien		For	For		Mgmt
	9	Elect Director William M. Webster, IV		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
06/05/09 - A	Lloyds Banking Group plc		G5542W106		None			9,767
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3(a)	Elect Carolyn McCall as Director		For	For		Mgmt
	3(b)	Elect Timothy Ryan Jr as Director		For	For		Mgmt
	3(c)	Elect Martin Scicluna as Director		For	For		Mgmt
	3(d)	Elect Tim Tookey as Director		For	For		Mgmt
	3(e)	Elect Anthony Watson as Director		For	For		Mgmt
	4(a)	Re-elect Sir Victor Blank as Director		For	Abstain		Mgmt
		Vote Recommendation In light of the
		Company’s current financial situation, the
		levels of Government assistance required
		subsequent to the HBOS acquisition and the latest
		revelations regarding the true levels of impairment
		associated with the HBOS loan book, the concerns
		raised regarding the degree of oversight and rigour
		the Board exercised in the assessment of the risks
		associated with the HBOS transaction create
		sufficient doubt over the re-election of Sir Victor
		Blank who, as Chairman of the Board, is ultimately
		responsible for the conduct and processes of the
		Board. Given Sir Victor Blank’s
		intention to step down by the 2010 AGM and the
		need for consistency during the search for a suitable
		successor, it is not considered appropriate to
		recommend a vote against his re-election outright.
		Therefore shareholders are recommended to abstain
		on his re-election. For those shareholders who
		have a fiduciary responsibility to vote either in favour
		or against and who do not recognise an abstention
		as valid option, shareholders are recommended that
		they vote against this resolution.
	4(b)	Re-elect Archie Kane as Director		For	For		Mgmt
	4(c)	Re-elect Lord Leitch as Director		For	For		Mgmt
	5	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	6	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	7	Increase Authorised Share Capital from		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 94

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		GBP 5,675,477,055, EUR 40,000,000,
		USD 40,000,000 and JPY
		1,250,000,000 to GBP 7,043,396,347,
		EUR 40,000,000, USD 40,000,000 and
		JPY 1,250,000,000
	8	Issue of Equity with Rights Under a		For	For		Mgmt
		General Authority up to GBP
		1,368,679,269 in Ord. Shares and GBP
		52,035,254, USD 38,875,000, EUR
		39,875,000 and JPY 1,250,000,000 in
		Preference Shares and an Additional
		Amount up to GBP 1,368,679,269
		(Rights Issue)
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 205,301,890
	10	Authorise 1,642,415,123 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	11	Renew and Extend Company's Auth. to		For	For		Mgmt
		Make Market Purchases of GBP 1B
		Issued by Company to HM Treasury
		and GBP 3B Issued by HBOS plc to
		HM Treasury Fixed to Floating Callable
		Non-Cumulative Preference Shares;
		Auth. 4M Preference Shares for Market
		Purchase
	12	Amend Art. of Assoc. by Deleting All		For	For		Mgmt
		the Provisions of the Company's
		Memorandum of Association which, by
		Virtue of Section 28 of the Company's
		Act 2006, are to be Treated as Part of
		the Articles of Association of the
		Company; Adopt New Art. of Assoc.
	13	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
	14	Auth. Company and Subsidiaries to		For	For		Mgmt
		Make EU Political Donations to Political
		Parties or Independent Election
		Candidates up to GBP 100,000, to
		Political Org. Other Than Political
		Parties up to GBP 100,000 and Incur
		EU Political Expenditure up to GBP
		100,000
06/05/09 - S	Lloyds Banking Group plc		G5542W106			None		9,767
	1	Increase Cap.to GBP 9B,EUR		For	For		Mgmt
		40M,USD 40M and JPY 1B(If
		Resolution 7 in Notice of AGM is
Mgmt Rec - Company Management Recommended Vote								Page 95

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Passed)or to GBP 8B,USD 40M,EUR
		40M and JPY 1B(If Resolution 7 in
		Notice of AGM is Not Passed);Issue
		Equity with Rights up to GBP
		2B(Placing and Compensatory Open
		Offer)
	2	Increase Cap.by 7B Ord.Shares(If		For	For		Mgmt
		Resolution 7 (AGM) is Passed)or by
		13B Ord. Shares(If Resolution 7 is Not
		Passed);Issue Equity with Rights up to
		GBP 2B(Ord. Shares)and GBP
		52M,USD 38M,EUR 39M and JPY
		1B(Pref. Shares)and up to Further GBP
		2B(Rights Issue)
	3	Approve the Placing and		For	For		Mgmt
		Compensatory Open Offer and the
		HMT Preference Share Redemption
		Being a Related Party Transaction for
		the Purposes of the Listing Rules of the
		United Kingdom Listing Authority
	4	Approve Waiver on Tender-Bid		For	For		Mgmt
		Requirement
	5	Authorise Issue of Equity without Pre-		For	For		Mgmt
		emptive Rights up to Aggregate
		Nominal Amount of GBP 2,602,133,750
		Pursuant to the Placing and
		Compensatory Open Offer
	6	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 340,507,871
05/14/09 -	LVMH Moet Hennessy Louis		F58485115			05/11/09		359
A/S	Vuitton
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Auditors' Special Report		For	Against		Mgmt
		Regarding Related-Party Transactions
		At the date of the analysis (20 days before the
		general meeting), as the company had failed to
		provide adequate rationale and sufficient justification
		on a number of transactions that appear to be
		unrelated to operations and/or not in shareholders'
		best interests (especially with regard to the
		agreement concerning the acquisition of an art
		piece), this resolution does not warrant support.
	4	Approve Allocation of Income and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 96

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Dividends of EUR 1.60 per Share
	5	Reelect Antoine Arnault as Director		For	Against		Mgmt
		For this market, if the proposed board does not
		consist of one-third of independent directors, the
		election or reelection of any non-independent director
		(except the CEO) is not warranted. At LVMH,
		although the board will likely consist of one additional
		independent member after the general meeting if all
		the elections proposed at the meeting are approved,
		only 22.22 percent of the board of directors would be
		independent. Moreover, two of the nominees
		proposed for reelection, Antoine Bernheim and Albert
		Frere, are non-executive directors and hold more
		than five directorship positions in listed companies
		outside the group. Therefore, the proposal to
		reelect executive directors Antoine Arnault and Pierre
		Gode, and non-independent non-executive directors
		Antoine Bernheim, Albert Frere, and Lord Powell of
		Bayswater (Items 5 - 9) do not merit support.
		However, the election of the new independent
		nominee, Yves-Thibault de Silguy (Item 10), merits
		support.
	6	Reelect Antoine Bernheim as Director		For	Against		Mgmt
	7	Reelect Albert Frere as Director		For	Against		Mgmt
	8	Reelect Pierre Gode as Director		For	Against		Mgmt
	9	Reelect Lord Powell of Bayswater as		For	Against		Mgmt
		Director
	10	Elect Yves-Thilbaut de Silguy as		For	For		Mgmt
		Director
	11	Authorize Repurchase of up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	12	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	13	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 50 Million
		Item 13: The potential capital increase with
		preemptive rights, representing 34.02 percent of
		issued share capital, is deemed acceptable for
		issuances with preemptive rights. Therefore, this item
		merits support. Item 14: The proposed capital
		increases without preemptive rights and without
		binding priority, representing 34.02 percent of issued
		share capital, is excessive for general requests to
		issue capital without preemptive. Therefore, this item
		does not merit support. Item 15: While the
		amount requested would not exceed the 50 percent
		limit for issuances with preemptive rights under item
		13, it exceeds the 20 percent limit for issuances that
Mgmt Rec - Company Management Recommended Vote								Page 97

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		do not respect preemptive rights under Item			14.
		Therefore, the additional potential capital increases
		are deemed excessive. Therefore, this item does not
		merit support.	Item 16: The maximum nominal
		amount of shares could be issued represents 34.02
		percent of issued capital. Based on the high level of
		dilution for general capital issuances requests that do
		not recognize preemptive rights, this resolution
		cannot be approved. Therefore, this item does not
		merit support.	Item 17: The capital increase (up
		to 10 percent) without preemptive rights is
		considered to be acceptable. Therefore, this item
		merits support.
	14	Authorize Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 50 Million, with the
		Possibility Not to Offer them to the
		Public for an Amount Representing 20
		Percent per Year
	15	Authorize Board to Increase Capital in		For	Against		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholders Votes under Items 13
		and 14 Above
	16	Authorize Capital Increase of Up to		For	Against		Mgmt
		EUR 50 Million for Future Exchange
		Offers
	17	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	18	Authorize up to 3 Percent of Issued		For	Against		Mgmt
		Capital for Use in Stock Option Plan
		The amount of shares that could be issued or
		reissued pursuant to this authorization is EUR 4.41
		million, representing 3 percent of the current share
		capital. This issuance request would increase the
		total number of shares reserved for the company's
		stock-based plans, taking into account all current
		outstanding share-based plans from 3.55 percent to
		6.49 percent of fully diluted shares		Given the
		volume in excess of recommended guidelines			(5
		percent), this proposal does not merit support.
	19	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	20	Amend Articles 11 and 23 of Bylaws		For	For		Mgmt
		Re: Shareholding Requirements for
		Directors and Double Voting Rights
Mgmt Rec - Company Management Recommended Vote								Page 98

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/19/09 - A	Magellan Health Services,		559079207			03/31/09		921
	Inc. *MGLN*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Ren Lerer --- Withhold
	1.2	Elect Director Nancy L. Johnson ---
		Withhold
	1.3	Elect Director Eran Broshy --- For
	2	Ratify Auditors		For	For		Mgmt
04/28/09 - A	Manpower Inc. *MAN*		56418H100			02/17/09		1,055
	1	Elect Directors		For	For		Mgmt
	2	Elect Director Roberto Mendoza		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Amend Omnibus Stock Plan		For	For		Mgmt
	5	Implement MacBride Principles		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will in enhance shareholder value beyond what
		management can already be expected to do.
	6	Other Business		For	Against		Mgmt
05/11/09 - A	Mariner Energy, Inc. *ME*		56845T305			03/17/09		1,656
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Bernard Aronson ---
		Withhold
		Board member when poison pill was adopted without
		shareholder vote (no qualified offer clause or sunset
		provision).
	1.2	Elect Director H. Clayton Peterson ---
		Withhold
		Board member when poison pill was adopted without
		shareholder vote (no qualified offer clause or sunset
		provision).
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
05/05/09 - A	Marvel Entertainment, Inc.		57383T103			03/09/09		1,394
	*MVL*
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director James W. Breyer ---
		Withhold
		Board member during period of poor pay practices;
		no comp member standing (classified board).
	1.2	Elect Director Laurence N. Charney ---
		Withhold
Mgmt Rec - Company Management Recommended Vote								Page 99

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board member during period of poor pay practices;
		no comp member standing (classified board).
	1.3	Elect Director Richard L. Solar ---
		Withhold
		Board member during period of poor pay practices;
		no comp member standing (classified board).
	2	Ratify Auditors		For	For		Mgmt
06/16/09 - A	Masimo Corp. *MASI*		574795100			04/24/09		860
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/09/09 - A	MasterCard Incorporated		57636Q104			04/13/09		354
	*MA*
	1	Elect Directors		For	For		Mgmt
	2	Amend Certificate of Incorporation to		For	For		Mgmt
		Increase Size of Board and Amend
		Director Qualifications
		Change from 12 to 15 to provide greater flexibility
		and broader representation in business sectors.
	3	Ratify Auditors		For	For		Mgmt
05/27/09 - A	McDonald's Corp. *MCD*		580135101			03/30/09		2,955
	1	Elect Director Robert A. Eckert		For	For		Mgmt
	2	Elect Director Enrique Hernandez, Jr.		For	For		Mgmt
	3	Elect Director Jeanne P. Jackson		For	For		Mgmt
	4	Elect Director Andrew J. McKenna		For	For		Mgmt
	5	Ratify Auditors		For	For		Mgmt
	6	Amend Omnibus Stock Plan		For	For		Mgmt
	7	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	8	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
	9	Phase out Sales of Eggs from Battery		Against	Against		ShrHoldr
		Cage Hens
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
Mgmt Rec - Company Management Recommended Vote								Page 100

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/21/09 - A	MEMC Electronic Materials,		552715104			02/26/09		3,568
	Inc. *WFR*
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Robert J. Boehlke --- For
	1.2	Elect Director C. Douglas Marsh --- For
	1.3	Elect Director Michael McNamara ---
		For
	2	Ratify Auditors		For	For		Mgmt
04/28/09 - A	Merck & Co., Inc. *MRK*		589331107			02/27/09		5,897
	1	Elect Director Leslie A. Brun		For	For		Mgmt
	2	Elect Director Thomas R. Cech		For	For		Mgmt
	3	Elect Director Richard T. Clark		For	For		Mgmt
	4	Elect Director Thomas H. Glocer		For	For		Mgmt
	5	Elect Director Steven F. Goldstone		For	For		Mgmt
	6	Elect Director William B. Harrison, Jr.		For	For		Mgmt
	7	Elect Director Harry R. Jacobson		For	For		Mgmt
	8	Elect Director William N. Kelley		For	For		Mgmt
	9	Elect Director Rochelle B. Lazarus		For	For		Mgmt
	10	Elect Director Carlos E. Represas		For	For		Mgmt
	11	Elect Director Thomas E. Shenk		For	For		Mgmt
	12	Elect Director Anne M. Tatlock		For	For		Mgmt
	13	Elect Director Samuel O. Thier		For	For		Mgmt
	14	Elect Director Wendell P. Weeks		For	For		Mgmt
	15	Elect Director Peter C. Wendell		For	For		Mgmt
	16	Ratify Auditors		For	For		Mgmt
	17	Fix Number of Directors		For	For		Mgmt
		Increase from 14 to 18; does not appear to be
		motivated by entrenchment.
	18	Amend Bylaws-- Call Special Meetings		Against	For		ShrHoldr
		Share holder do not currently have right to act by
		written consent or to call special meeting.
	19	Require Independent Lead Director		Against	Against		ShrHoldr
		Lead director already in place.
	20	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with proposals previouly supported by
		PPC.
05/20/09 - A	Minerals Technologies, Inc.		603158106			03/24/09		41
	*MTX*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 101

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 9.03% is within allowable cap of
		9.19%.
06/24/09 - A	Mitsubishi Corp. *8058*		J43830116			03/31/09		2,142
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 16
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Amend Business
		Lines
	3	Elect Directors		For	For		Mgmt
	4	Approve Annual Bonus Payment to		For	For		Mgmt
		Directors
	5	Approve Deep Discount Stock Option		For	For		Mgmt
		Plan
		Given these restrictions, and the extremely modest
		dilution from these grants, we do not oppose this
		resolution.
	6	Set Amounts for Retirement Bonus		For	For		Mgmt
		Reserve Funds for Directors
06/26/09 - A	Mitsubishi UFJ Financial		J44497105			03/31/09		13,594
	Group *8306*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 5 for Ordinary
		Shares
	2	Amend Articles To Amend Provisions		For	For		Mgmt
		on Preferred Shares to Reflect
		Cancellation - Reflect Digitalization of
		Share Certificates - Authorize Public
		Announcements in Electronic Format
	3	Elect Directors		For	Split		Mgmt
	3.1	Elect Director --- For
		Because of their poor attendance record at board
		meetings, nominees 15 and 17 cannot be expected
		to fulfill the role of overseeing management
		effectively in the interests of shareholders.
		Shareholders are advised to vote against these
		nominees, but for all other director candidates.
	3.2	Elect Director --- For
	3.3	Elect Director --- For
	3.4	Elect Director --- For
	3.5	Elect Director --- For
	3.6	Elect Director --- For
	3.7	Elect Director --- For
	3.8	Elect Director --- For
Mgmt Rec - Company Management Recommended Vote								Page 102

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3.9	Elect Director --- For
	3.10	Elect Director --- For
	3.11	Elect Director --- For
	3.12	Elect Director --- For
	3.13	Elect Director --- For
	3.14	Elect Director --- For
	3.15	Elect Director --- Against
	3.16	Elect Director --- For
	3.17	Elect Director --- Against
	4.1	Appoint Statutory Auditor		For	For		Mgmt
	4.2	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	4.3	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders. In addition, the nominee has an
		attendance problem. Therefore, the reappointment
		warrants a vote against.
	4.4	Appoint Statutory Auditor		For	For		Mgmt
06/23/09 - A	Mitsui & Co. *8031*		J44690139			03/31/09		2,252
	1	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Amend Business
		Lines
	2	Elect Directors		For	For		Mgmt
	3	Appoint Statutory Auditor		For	For		Mgmt
06/25/09 - A	MIZUHO FINANCIAL GROUP		J4599L102			03/31/09		14,636
	INC. *8411*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 10 for Ordinary
		Shares
	2	Amend Articles To Decrease		For	For		Mgmt
		Authorized Capital to Reflect
		Cancellation - Reflect Digitalization of
		Share Certificates
Mgmt Rec - Company Management Recommended Vote								Page 103

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Elect Directors		For	For		Mgmt
	4	Appoint Statutory Auditor		For	For		Mgmt
05/04/09 - A	Motorola, Inc. *MOT*		620076109			03/09/09		6,856
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director G. Brown --- For
	1.2	Elect Director D. Dorman --- For
	1.3	Elect Director W. Hambrecht --- Against
		Comp committee member during		period	of
		pay/performance disconnect and poor pay practices.
	1.4	Elect Director S. Jha --- For
	1.5	Elect Director J. Lewent --- Against
		Comp committee member during		period	of
		pay/performance disconnect and poor pay practices.
	1.6	Elect Director K. Meister --- For
	1.7	Elect Director T. Meredith --- For
	1.8	Elect Director S. Scott III --- Against
		Comp committee member during		period	of
		pay/performance disconnect and poor pay practices.
	1.9	Elect Director R. Sommer --- For
	1.10	Elect Director J. Stengel --- Against
		Comp committee member during		period	of
		pay/performance disconnect and poor pay practices.
	1.11	Elect Director A. Vinciquerra --- For
	1.12	Elect Director D. Warner III --- For
	1.13	Elect Director J. White --- For
	2	Adjust Par Value of Common Stock		For	For		Mgmt
		Routine financing matter.
	3	Approve Repricing of Options		For	For		Mgmt
		ISS recommends FOR repricing proposal that is
		value-for-value and excludes executives and non-
		employee directors. Exercise price will be $12 or
		higher if 52 wk close is higher. 57% of outstanding
		options are eligible. Surrendered options will be
		available for re-issue in future grants; "modest"
		additional accounting expense will be incurred.
		Existing plan into which surrendered options will be
		recycles passes SVT and prohibits repricing without
		shareholder approval.
	4	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	5	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Pay/performance disconnect and multiple "pay-for-
Mgmt Rec - Company Management Recommended Vote								Page 104

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		failure" risks per ISS. One of the co-CEOs in place
		(due to pending spin-off) is highest paid CEO in
		country per NYT. NEO personal use of corp aircraft
		significantly above norms (tax gross-ups included for
		some). CEO change-in-control severance 3 times
		base plus annual bonus and tax gross-ups ($21.2 mil
		in tax for one CEO alone).
	6	Ratify Auditors		For	For		Mgmt
	7	Provide for Cumulative Voting		Against	Against		ShrHoldr
	8	Amend Bylaws-- Call Special Meetings		Against	For		ShrHoldr
		Currently no right to act by written consent or call
		special meeting.
	9	Amend Human Rights Policies		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance or that proposal will improve
		shareholder returns.
05/20/09 - A	Nash Finch Co. *NAFC*		631158102			04/01/09		1,115
	1	Elect Directors		For	For		Mgmt
	2	Provide that Directors May be		For	For		Mgmt
		Removed, With or Without Cause, by a
		Majority Vote
		Improves shareholder rights.
	3	Eliminate the Advance Notice		For	For		Mgmt
		Procedure for Director Nominations
		Changes notice requirement from 10-60 days to 60-
		90 days.
	4	Approve Omnibus Stock Plan		For	Against		Mgmt
	5	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	6	Ratify Auditors		For	For		Mgmt
	7	Other Business		For	Against		Mgmt
06/02/09 - A	National Bank of Greece SA		633643408			05/14/09		6,976
		Meeting for ADR Holders
	1	Accept Statutory Reports		For	For		Mgmt
	2	Accept Financial Statements		For	For		Mgmt
	3	Approve Discharge of Board and		For	For		Mgmt
		Auditors
	4	Approve Director Remuneration		For	For		Mgmt
	5	Authorize Board to Participate in		For	For		Mgmt
		Companies with Similiar Business
		Interests
	6	Ratify Director Appointments		For	For		Mgmt
	7	Approve Auditors and Fix Their		For	For		Mgmt
		Remuneration
Mgmt Rec - Company Management Recommended Vote								Page 105

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Other Business		For	Against		Mgmt
05/19/09 - A	National Presto Industries,		637215104			03/19/09		609
	Inc. *NPK*
	1	Elect Directors		For	For		Mgmt
05/15/09 - A	National Retail Properties,		637417106			03/17/09		511
	Inc. *NNN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Other Business		For	Against		Mgmt
05/05/09 - A	Nationwide Health		638620104			03/06/09		1,492
	Properties, Inc. *NHP*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/28/09 - A	Netflix. Inc *NFLX*		64110L106			03/31/09		1,048
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/11/09 - A	NextWave Wireless Inc.		65337Y102			04/22/09		10,740
	*WAVE*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Nicor Inc. *GAS*		654086107			02/24/09		1,001
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/26/09 - A	Nintendo Co. Ltd. *7974*		J51699106			03/31/09		109
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JPY 780
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
06/24/09 - A	Nippon Steel Corp. *5401*		J55999122			03/31/09		9,029
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 1
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	Split		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 106

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3.1	Elect Director --- Against
		Because Chairman Mimura and President Muneoka
		(candidates 1 and 2) bear the greatest share of
		responsibility for the company's continued failure to
		put its poison pill to a vote and its continued failure to
		appoint outsiders to the board, as well as the
		defensive cross-shareholdings that have proven so
		costly to the company, shareholders are advised to
		oppose their reelection to the board.
	3.2	Elect Director --- Against
	3.3	Elect Director --- For
	3.4	Elect Director --- For
	3.5	Elect Director --- For
	3.6	Elect Director --- For
	3.7	Elect Director --- For
	3.8	Elect Director --- For
	3.9	Elect Director --- For
	3.10	Elect Director --- For
	4.1	Appoint Statutory Auditor		For	For		Mgmt
	4.2	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders. In addition, the nominee has an
		attendance problem. Therefore, the reappointment
		warrants a vote against.
	4.3	Appoint Statutory Auditor		For	For		Mgmt
04/23/09 - A	Nokia Corp.		X61873133			04/09/09		5,343
	1	Open Meeting		None	None		Mgmt
	2	Calling the Meeting to Order		None	None		Mgmt
	3	Designate Inspector or Shareholder		For	For		Mgmt
		Representative(s) of Minutes of
		Meeting
	4	Acknowledge Proper Convening of		For	For		Mgmt
		Meeting
	5	Prepare and Approve List of		For	For		Mgmt
		Shareholders
	6	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports; Receive Auditor's
		Report; Receive CEO's Review
	7	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	8	Approve Allocation of Income and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 107

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Dividends of EUR 0.40 Per Share
	9	Approve Discharge of Board and		For	For		Mgmt
		President
		Based on the reasoning above, this proposal
		warrants shareholder support.
	10	Approve Remuneration of Directors in		For	For		Mgmt
		the Amount of EUR 440,000 for
		Chairman, EUR 150,000 for Vice
		Chairman, and EUR 130,000 for Other
		Directors; Approve Remuneration for
		Committee Work
	11	Fix Number of Directors at 11		For	For		Mgmt
	12	Reelect Georg Ehrnrooth, Lalita D.		For	For		Mgmt
		Gupte, Bengt Holmstrom, Henning
		Kagermann, Olli-Pekka Kallasvuo, Per
		Karlsson, Jorma Ollila, Marjorie
		Scardino, Risto Siilasmaa, and Keijo
		Suila as Directors; Elect Isabel Marey-
		Semper as New Director
	13	Approve Remuneration of Auditors		For	For		Mgmt
	14	Ratify PricewaterhouseCoopers Oy as		For	For		Mgmt
		Auditors
	15	Authorize Repurchase of up to 360		For	For		Mgmt
		Million Nokia Shares
	16	Close Meeting		None	None		Mgmt
04/21/09 - A	Northern Trust Corp. *NTRS* 665859104					03/02/09		2,639
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Linda Walker Bynoe ---
		For
	1.2	Elect Director Nicholas D. Chabraja ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.3	Elect Director Susan Crown ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.4	Elect Director Dipak C. Jain --- For
	1.5	Elect Director Arthur L. Kelly --- For
	1.6	Elect Director Robert C. McCormack ---
		For
	1.7	Elect Director Edward J. Mooney ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.8	Elect Director William A. Osborn --- For
Mgmt Rec - Company Management Recommended Vote								Page 108

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.9	Elect Director John W. Rowe --- For
	1.10	Elect Director Harold B. Smith --- For
	1.11	Elect Director William D. Smithburg ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.12	Elect Director Enrique J. Sosa --- For
	1.13	Elect Director Charles A. Tribbett III ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.14	Elect Director Frederick H. Waddell ---
		For
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		NEO CIC with tax-gross-ups, overly liberal definition
		of CIC.
05/01/09 - A	Occidental Petroleum Corp.		674599105			03/11/09		2,550
	*OXY*
	1	Elect Directors		For	Against		Mgmt
	1.1	Elect Director Spencer Abraham ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.2	Elect Director Ronald W. Burkle ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.3	Elect Director John S. Chalsty ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.4	Elect Director Edward P. Djerejian ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
Mgmt Rec - Company Management Recommended Vote								Page 109

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		of highest in country and significanly above peers.
	1.5	Elect Director John E. Feick --- Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.6	Elect Director Ray R. Irani --- Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.7	Elect Director Irvin W. Maloney ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.8	Elect Director Avedick B. Poladian ---
		Against
	1.9	Elect Director Rodolfo Segovia ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.10	Elect Director Aziz D. Syriani ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.11	Elect Director Rosemary Tomich ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.12	Elect Director Walter L. Weisman ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	2	Ratify Auditors		For	For		Mgmt
	3	Provide Right to Call Special Meeting		For	Against		Mgmt
		Shareholders currently have right to call special
		meeting (25%).
Mgmt Rec - Company Management Recommended Vote								Page 110

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Report on Host Country Social and		Against	Against		ShrHoldr
		Environmental Laws
		Management responded meaningfully; no evidence
		that company not in compliance with current law or
		that proposal will result in improved sharehoder
		returns or change laws in host countries.
04/22/09 - A	Odyssey Re Holdings Corp.		67612W108			03/06/09		1,200
	*ORH*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director V. Prem Watsa --- For
	1.2	Elect Director James F. Dowd --- For
	1.3	Elect Director Andrew A. Barnard ---
		For
	1.4	Elect Director Peter M. Bennett --- For
	1.5	Elect Director Anthony F. Griffiths ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director Patrick W. Kenny ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.7	Elect Director Bradley P. Martin --- For
	1.8	Elect Director Robert J. Solomon --- For
	1.9	Elect Director Brandon W. Sweitzer ---
		Withhold
		Comp committee member during period of poor pay
		practices.
05/19/09 - A	Omnicom Group Inc. *OMC*		681919106			03/30/09		4,675
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director John D. Wren --- For
	1.2	Elect Director Bruce Crawford --- For
	1.3	Elect Director Alan R. Batkin ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
Mgmt Rec - Company Management Recommended Vote								Page 111

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		year salary and benefits after termination for any
		reason or no reason.
	1.4	Elect Director Robert Charles Clark ---
		For
	1.5	Elect Director Leonard S. Coleman, Jr.
		--- Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.6	Elect Director Errol M. Cook --- For
	1.7	Elect Director Susan S. Denison ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.8	Elect Director Michael A. Henning ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.9	Elect Director John R. Murphy --- For
	1.10	Elect Director John R. Purcell --- For
	1.11	Elect Director Linda Johnson Rice ---
		Withhold
		Comp committee member during period of poor pay
Mgmt Rec - Company Management Recommended Vote								Page 112

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.12	Elect Director Gary L. Roubos ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
05/20/09 - A	ON Semiconductor		682189105			04/06/09		6,308
	Corporation *ONNN*
	1	Elect Directors		For	For		Mgmt
	2	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
		All employees can purchase shares at 85% of F.M.V.
	3	Ratify Auditors		For	For		Mgmt
05/26/09 - A	ONYX Pharmaceuticals, Inc.		683399109			03/30/09		768
	*ONXX*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 12.05% is within allowable cap of
		12.83%.
	3	Ratify Auditors		For	For		Mgmt
06/02/09 - A	optionsXpress Holdings, Inc.		684010101			04/06/09		136
	*OXPS*
	1	Elect Directors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 113

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Ratify Auditors		For	For		Mgmt
06/17/09 - A	OSI Pharmaceuticals, Inc.		671040103			04/22/09		805
	*OSIP*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert A. Ingram ---
		Withhold
		Sits on 6 boards; no mitigating circumstances
		disclosed. Comp committee member during period of
		poor pay practices. NEO tax gross-ups retained on
		double-trigger change-in-control agreements.
	1.2	Elect Director Colin Goddard, Ph.D. ---
		For
	1.3	Elect Director Santo J. Costa ---
		Withhold
		Comp committee member during period of poor pay
		practices. NEO tax gross-ups retained on double-
		trigger change-in-control agreements.
	1.4	Elect Director Joseph Klein, III ---
		Withhold
		Sits on 6 boards; no mitigating circumstances
		disclosed.
	1.5	Elect Director Kenneth B. Lee, Jr. ---
		For
	1.6	Elect Director Viren Mehta --- Withhold
		Comp committee member during period of poor pay
		practices. NEO tax gross-ups retained on double-
		trigger change-in-control agreements.
	1.7	Elect Director David W. Niemiec --- For
	1.8	Elect Director Herbert M. Pinedo, M.D.,
		Ph.D. --- For
	1.9	Elect Director Katharine B. Stevenson -
		-- For
	1.10	Elect Director John P. White --- For
	2	Ratify Auditors		For	For		Mgmt
06/25/09 - A	Panasonic Corp *6752*		J6354Y104			03/31/09		2,577
	1	Amend Articles To Reflect Digitalization For			For		Mgmt
		of Share Certificates - Authorize Public
		Announcements in Electronic Format
	2	Elect Directors		For	For		Mgmt
05/13/09 - A	Perot Systems Corp. *PER*		714265105			03/16/09		2,248
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 114

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/18/09 - A	Petrohawk Energy		716495106			04/27/09		3,541
	Corporation *HK*
	1	Elect Directors		For	Withhold		Mgmt
	2	Increase Authorized Common Stock		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Amend Non-Employee Director		For	For		Mgmt
		Omnibus Stock Plan
	5	Permit Board to Amend Bylaws Without		For	Against		Mgmt
		Shareholder Consent
	6	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Pfizer Inc. *PFE*		717081103			02/24/09		17,575
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Limit/Prohibit Executive Stock-Based		Against	Against		ShrHoldr
		Awards
		Overly restrictive; limits normal compeditive comp
		tool.
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior proposals supported by PPC.
	6	Provide for Cumulative Voting		Against	Against		ShrHoldr
	7	Amend Bylaws -- Call Special Meetings		Against	Against		ShrHoldr
		25% shareholder right to call special meeting already
		in place.
05/13/09 - A	PG&E Corp. *PCG*		69331C108			03/16/09		5,219
	1	Elect Director David R. Andrews		For	For		Mgmt
	2	Elect Director C. Lee Cox		For	For		Mgmt
	3	Elect Director Peter A. Darbee		For	For		Mgmt
	4	Elect Director Maryellen C. Herringer		For	For		Mgmt
	5	Elect Director Roger H. Kimmel		For	For		Mgmt
	6	Elect Director Richard A. Meserve		For	For		Mgmt
	7	Elect Director Forrest E. Miller		For	For		Mgmt
	8	Elect Director Barbara L. Rambo		For	For		Mgmt
	9	Elect Director Barry Lawson Williams		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification consistently
		supported buy PPC.
	12	Reincorporate in Another State		Against	Against		ShrHoldr
		[California to North Dakota ]
Mgmt Rec - Company Management Recommended Vote								Page 115

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/05/09 - A	Philip Morris International		718172109			03/10/09		5,747
	Inc. *PM*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
04/29/09 - A	PLATINUM UNDERWRITERS		G7127P100			03/16/09		1,029
	HOLDINGS LTD *PTP*
	1	Elect Directors		For	For		Mgmt
	2	Approve KPMG as Auditors and		For	For		Mgmt
		Authorize Board to Fix Their
		Remuneration
05/27/09 - A	Polycom, Inc. *PLCM*		73172K104			04/10/09		1,841
	1	Elect Directors		For	For		Mgmt
	2	Approve Option Exchange Program		For	For		Mgmt
		Value-for-value, excludes executives, timng and
		price reasonable; recycles options will not put plan
		over SVT cap.
	3	Ratify Auditors		For	For		Mgmt
05/04/09 - A	Potlatch Corp. *PCH*		737630103			03/23/09		813
	1	Elect Director Boh A. Dickey		For	For		Mgmt
	2	Elect Director William L. Driscoll		For	For		Mgmt
	3	Elect Director Judith M. Runstad		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
05/20/09 - A	PPL Corp. *PPL*		69351T106			02/27/09		1,250
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		Against	For		ShrHoldr
06/03/09 - A	Priceline.com Inc. *PCLN*		741503403			04/14/09		680
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Right to Call Special Meetings		For	For		Mgmt
		Shareholders may not act by written consent
		Shareholders may not call special meetings
	4	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholders will have 25% right to call secial
		meeting if item 3 is approved (mgmt version).
Mgmt Rec - Company Management Recommended Vote								Page 116

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/21/09 - A	Pride International, Inc.		74153Q102			03/31/09		2,688
	*PDE*
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director David A. B. Brown ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.2	Elect Director Kenneth M. Burke ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.3	Elect Director Archie W. Dunham ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.4	Elect Director David A. Hager ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.5	Elect Director Francis S. Kalman ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.6	Elect Director Ralph D. McBride ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.7	Elect Director Robert G. Phillips ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.8	Elect Director Louis A. Raspino ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	ProAssurance Corporation		74267C106			03/31/09		664
	*PRA*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 117

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/20/09 - A	ProLogis *PLD*		743410102			03/23/09		3,896
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Stephen L. Feinberg ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.2	Elect Director George L. Fotiades ---
		For
	1.3	Elect Director Christine N. Garvey ---
		For
	1.4	Elect Director Lawrence V. Jackson ---
		For
	1.5	Elect Director Donald P. Jacobs ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.6	Elect Director Walter C. Rakowich ---
		For
	1.7	Elect Director D. Michael Steuert --- For
	1.8	Elect Director J. Andre Teixeira --- For
	1.9	Elect Director William D. Zollars ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.10	Elect Director Andrea M. Zulberti ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	2	Ratify Auditors		For	For		Mgmt
05/19/09 - A	Psychiatric Solutions, Inc.		74439H108			03/26/09		1,152
	*PSYS*
	1	Elect Directors		For	For		Mgmt
	2	Amend Non-Employee Director		For	For		Mgmt
		Omnibus Stock Plan
		Plan's cost of 10.51% is within allowable cap of
		11.74%.
	3	Ratify Auditors		For	For		Mgmt
05/07/09 - A	Public Storage *PSA*		74460D109			03/09/09		2,252
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/04/09 - A	Quest Software, Inc. *QSFT*		74834T103			04/27/09		1,996
	1	Elect Directors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 118

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Ratify Auditors		For	For		Mgmt
05/12/09 - A	Realty Income Corp. *O*		756109104			03/12/09		1,851
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/27/09 - A	Regal-Beloit Corp. *RBC*		758750103			03/04/09		75
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Repsol YPF S.A		E8471S130			None		1,461
	1	Approve Individual and Consolidated		For	For		Mgmt
		Financial Statements, Allocation of
		Income, and Discharge Directors
	2	Elect Directors		For	For		Mgmt
	3	Elect External Auditors		For	For		Mgmt
	4	Authorize Repurchase of Shares		For	For		Mgmt
	5	Authorize Issuance of		For	For		Mgmt
		Bonds/Debentures
	6	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
05/06/09 - A	Reynolds American Inc *RAI*		761713106			03/09/09		3,785
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Declassify the Board of Directors		Against	For		ShrHoldr
	5	Report on Marketing Practices on the		Against	Against		ShrHoldr
		Poor
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will results in improved shareholder returns.
	6	Reduce Nicotine Content to Non-		Against	Against		ShrHoldr
		Addictive Levels
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will results in improved shareholder returns.
	7	Adopt Human Rights Protocols for		Against	Against		ShrHoldr
		Company and Suppliers
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will results in improved shareholder returns.
Mgmt Rec - Company Management Recommended Vote								Page 119

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/03/09 - A	Rightnow Technologies, Inc		76657R106			04/09/09		2,838
	*RNOW*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Other Business		For	Against		Mgmt
04/20/09 - A	Rio Tinto Ltd. (Formerly Cra		Q81437107			04/18/09		218
	Ltd.) *RIO*
	1	Receive Financial Statements and		For	For		Mgmt
		Statutory Reports for the Financial Year
		Ended Dec. 31, 2008
	2	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended Dec. 31, 2008
	3	Elect Jan du Plessis as a Director		For	For		Mgmt
	4	Elect David Clementi as a Director		For	For		Mgmt
	5	Elect Rod Eddington as a Director		For	Against		Mgmt
		- Sir Rod Eddington as an independent director of
		Allco (now in voluntary administration) supported the
		Rubicon purchase and the advancing of funds to the
		Allco Principals Trust, based on the
		administrator’s report, to prevent margin
		calls over Allco shares held by APT.		This item
		does not merit support.
	6	Elect Andrew Gould as a Director		For	For		Mgmt
	7	Elect David Mayhew as a Director		For	For		Mgmt
	8	Approve Appointment of		For	For		Mgmt
		PricewaterhouseCoopers LLP as
		Auditors of the Company and Authorize
		Board to Fix Their Remuneration
	9	Approve Increase in Non-Executive		None	For		Mgmt
		Directors' Remuneration to A$4.7
		Million per Annum
	10	Approve the Renewal of the Company's		For	For		Mgmt
		Authority to Buy Back All the Ordinary
		Shares Held by Tinto Holdings
		Australia Pty Ltd under a Selective
		Buyback Agreement
	11	Approve Amendments to the Rio Tinto		For	For		Mgmt
		Ltd Constitution and Adoption and
		Amendment of the New Rio Tinto Plc
		Articles of Association
04/15/09 - A	Rio Tinto plc		G75754104			None		1,835
		Resolutions 1 to 9 will be Voted on
		by Rio Tinto plc and Rio Tinto
		Limited Shareholders as a Joint
		Electorate
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
Mgmt Rec - Company Management Recommended Vote								Page 120

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Approve Remuneration Report		For	For		Mgmt
		Summary & Vote Recommendation			The
		main outstanding remuneration issue is the
		integration bonus arrangements for Dick Evans and
		the fact that the existence of this bonus was not
		previously disclosed to shareholders. This is
		disappointing given the fact that this bonus
		represents a significant incentive for a main Board
		executive. After consideration and taking into
		account additional feedback from the Company, a
		vote recommendation against the remuneration
		report is not considered warranted on the basis of
		this issue alone. The rationale for this conclusion is
		as follows: - The company has provided extra
		detail on the performance conditions applying to the
		integration bonus. It notes that the synergy savings
		for 2008 were USD 585 million (GBP 314 million),
		against a target of USD 550 million (GBP 295
		million). - The company makes a case for the
		bonus being a discrete part of the remuneration
		policy with a specific purpose, tied to the
		performance of one executive director. Given Dick
		Evans's role, it is not unreasonable that he has
		specific integration targets following the acquisition of
		Alcan. - The remuneration package for Dick
		Evans is tied to his contract, which ends on 31
		December 2009. The Company has confirmed that
		he has no entitlement to any termination payment
		when he leaves. - The overall remuneration
		policy at Rio Tinto raises few concerns and the
		general level of disclosure is good. Although some
		shareholders may have concerns that executive
		directors received bonuses in respect of 2008, the
		Company appears to have recognised this issue to a
		certain extent through the mandatory deferral of
		bonuses into shares. In light of the above, on
		balance the remuneration report is worthy of qualified
		support. However, the Company is encouraged to
		engage with shareholders in advance of introducing
		special bonus arrangements in the future. It should
		also ensure that any such bonuses are disclosed and
		explained in full. [Vote Recommendation:
		CONTENTIOUS FOR]
	3	Elect Jan du Plessis as Director		For	For		Mgmt
		Analysis & Vote
		Recommendation Exceptionally, the election/re-
		election of all directors at this AGM is being
		highlighted as potentially contentious. This is
		because of the continuing debate over the merits of
		the Chinalco deal announced on 12 February 2009.
		Some shareholders have raised serious concerns
Mgmt Rec - Company Management Recommended Vote								Page 121

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		with the terms of the transaction and may feel that a
		vote against the Rio Tinto directors is an appropriate
		course of action at this stage. However, given
		that the transaction has not yet been finalised and,
		indeed, may not proceed in the manner currently
		envisaged, it is considered too early for a negative
		vote recommendation against the directors to be
		issued. That said, directors must be prepared to be
		held formally accountable for decisions they take in
		respect of the deal. Developments over the coming
		year will be monitored closely and any serious
		ongoing concerns will be taken fully into account
		when considering vote recommendations for the
		2010 AGM. The role of Jan du Plessis over the
		coming year will be particularly important given his
		position as incoming Chairman of the
		Board. [Vote Recommendation: CONTENTIOUS
		FOR]
	4	Re-elect Sir David Clementi as Director		For	For		Mgmt
		Analysis & Vote
		Recommendation Exceptionally, the election/re-
		election of all directors at this AGM is being
		highlighted as potentially contentious. This is
		because of the continuing debate over the merits of
		the Chinalco deal announced on 12 February 2009.
		Some shareholders have raised serious concerns
		with the terms of the transaction and may feel that a
		vote against the Rio Tinto directors is an appropriate
		course of action at this stage. However, given
		that the transaction has not yet been finalised and,
		indeed, may not proceed in the manner currently
		envisaged, it is considered too early for a negative
		vote recommendation against the directors to be
		issued. That said, directors must be prepared to be
		held formally accountable for decisions they take in
		respect of the deal. Developments over the coming
		year will be monitored closely and any serious
		ongoing concerns will be taken fully into account
		when considering vote recommendations for the
		2010 AGM. [Vote Recommendation:
		CONTENTIOUS FOR]
	5	Re-elect Sir Rod Eddington as Director		For	Against		Mgmt
		Summary & Vote
		Recommendation Shareholders will need to
		consider Sir Rod Eddington’s position based
		on the available information. Concerns have arisen
		about his performance as a non-executive director of
		Allco. The view has been taken in this report that
		given his position as an independent director who
		supported the Rubicon purchase by Allco, the value
		of which was substantially written down within seven
Mgmt Rec - Company Management Recommended Vote									Page 122

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		months of acquisition, it appears reasonable for
		shareholders to question his continuing service as a
		member of the Rio Tinto board. It is also
		appropriate to consider Sir Rod Eddington's position
		in the context of the fact that he currently serves on
		seven boards - Rio Tinto, News Corporation, John
		Swire & Sons Pty, CLP Holdings, Allco, JP
		Morgan Australia and New Zealand and
		Infrastructure Australia - the last two of which he
		chairs. He is also Chairman Designate of ANZ
		Banking Group Ltd. In cases such as this, questions
		of whether or not an individual has sufficient time to
		dedicate to all his roles become
		relevant. Shareholders have a difficult judgement
		call to make when determining the appropriate voting
		stance on this resolution. Rio Tinto strongly defends
		Sir Rod Eddington's position on the board of Rio
		Tinto and has no hesitation in recommending that
		shareholders support his re-election. This report
		has concluded, however, that the situation at Allco
		raises questions about Sir Rod Eddington's
		performance as a director. It is therefore considered
		reasonable that shareholders consider voting against
		his re-election to the board of Rio Tinto.
	6	Re-elect Andrew Gould as Director		For	For		Mgmt
		Analysis & Vote
		Recommendation Exceptionally, the election/re-
		election of all directors at this AGM is being
		highlighted as potentially contentious. This is
		because of the continuing debate over the merits of
		the Chinalco deal announced on 12 February 2009.
		Some shareholders have raised serious concerns
		with the terms of the transaction and may feel that a
		vote against the Rio Tinto directors is an appropriate
		course of action at this stage. However, given
		that the transaction has not yet been finalised and,
		indeed, may not proceed in the manner currently
		envisaged, it is considered too early for a negative
		vote recommendation against the directors to be
		issued. That said, directors must be prepared to be
		held formally accountable for decisions they take in
		respect of the deal. Developments over the coming
		year will be monitored closely and any serious
		ongoing concerns will be taken fully into account
		when considering vote recommendations for the
		2010 AGM. [Vote Recommendation:
		CONTENTIOUS FOR]
	7	Re-elect David Mayhew as Director		For	For		Mgmt
		Vote Recommendation Exceptionally, the
		election/re-election of all directors at this AGM is
		being highlighted as potentially contentious. This is
Mgmt Rec - Company Management Recommended Vote								Page 123

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		because of the continuing debate over the merits of
		the Chinalco deal announced on 12 February 2009.
		Some shareholders have raised serious concerns
		with the terms of the transaction and may feel that a
		vote against the Rio Tinto directors is an appropriate
		course of action at this stage. However, given
		that the transaction has not yet been finalised and,
		indeed, may not proceed in the manner currently
		envisaged, it is considered too early for a negative
		vote recommendation against the directors to be
		issued. That said, directors must be prepared to be
		held formally accountable for decisions they take in
		respect of the deal. Developments over the coming
		year will be monitored closely and any serious
		ongoing concerns will be taken fully into account
		when considering vote recommendations for the
		2010 AGM. [Vote Recommendation:
		CONTENTIOUS FOR]
	8	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors and Authorise the
		Audit Committee to Determine Their
		Remuneration
	9	Amend Articles of Association and		For	For		Mgmt
		Amend the Constitution of Rio Tinto
		Limited Re: Non-Executive Directors'
		Fees
		Resolutions 10 to 13 will be Voted on
		by Rio Tinto plc Shareholders Only
	10	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from GBP
		142,123,283.30 to GBP
		170,000,000.30; Authorise Issue of
		Equity with Pre-emptive Rights up to
		GBP 32,948,000 in Connection with an
		Offer by Way of Rights Issue;
		Otherwise up to GBP 32,948,000
	11	Subject to the Passing of Resolution		For	For		Mgmt
		10, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 6,420,000
	12	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		be Called on Not Less Than 14 Clear
		Days' Notice
	13	Approve Scrip Dividend Program		For	For		Mgmt
		Resolution 14 will be Voted on by
		Rio Tinto plc and Rio Tinto Limited
		Shareholder Separately
	14	Adopt New Articles of Association;		For	For		Mgmt
		Amend Articles of Association; Amend
Mgmt Rec - Company Management Recommended Vote								Page 124

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		the Constitution of Rio Tinto Limited
04/23/09 - A	Rockwood Holdings, Inc.		774415103			03/04/09		1,231
	*ROC*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Nance K. Dicciani --- For
	1.2	Elect Director J. Kent Masters ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	Against		Mgmt
	4	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
05/19/09 - A	Royal Dutch Shell plc		G7690A100			None		5,680
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
		Vote Recommendation In arriving at a voting
		decision on Royal Dutch Shell’s 2008
		remuneration report, shareholders should take into
		account a number of factors. The
		Company’s headline performance was
		strong in the year in question (although as the
		Company’s first quarter 2009 results
		suggest, a large factor for the increased profits in
		2008 was driven by increases in oil prices), in
		addition the Company has demonstrated improved
		performance in a number of key operational areas in
		recent years. That said, the Committee’s
		decision to release for vesting 50% of the
		performance shares awarded in 2006 under the
		LTIP, despite fourth placed TSR ranking compared to
		the four other global oil majors, is an area of
		considerable concern. The concern is intensified in
		the context of the global economic
		downturn. The Company provided detailed
		explanations and statistical indicators to support the
		Committee’s decision in this instance,
		including ‘outstanding’ Shell
		scorecard performance in 2006, 2007 and 2008 and
		generally median performance compared to the LTIP
		comparator group in a number of financial and
		operation areas other than TSR. After undertaking a
		thorough examination of the issues and after careful
		consideration, shareholders are advised to vote
		against the remuneration report for the following
Mgmt Rec - Company Management Recommended Vote								Page 125

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		reasons: (i) The use of discretion occurred for
		the second consecutive year despite fourth placed
		relative TSR performance in both the 2005-07 and
		2006-08 performance periods; and (ii) The
		economic context in which the decision was taken,
		which leads to a case for considering that the
		Committee should have exercised more restraint in
		2008. Shareholders may wish to consider
		arriving at their own voting decision on this item
		based on the information contained in this report and
		the detailed explanations provided by the Company.
	3	Elect Simon Henry as Director		For	For		Mgmt
	4	Re-elect Lord Kerr of Kinlochard as		For	For		Mgmt
		Director
	5	Re-elect Wim Kok as Director		For	For		Mgmt
	6	Re-elect Nick Land as Director		For	For		Mgmt
	7	Re-elect Jorma Ollila as Director		For	For		Mgmt
	8	Re-elect Jeroen van der Veer as		For	For		Mgmt
		Director
	9	Re-elect Hans Wijers as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of EUR 145 Million
	13	Subject to the Previous Resolution		For	For		Mgmt
		Being Passed, Authorise Issue of
		Equity or Equity-Linked Securities
		without Pre-emptive Rights up to
		Aggregate Nominal Amount of EUR 21
		Million
	14	Authorise 624 Million Ordinary Shares		For	For		Mgmt
		for Market Purchase
	15	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Organisations
		Other than Political Parties up to GBP
		200,000 and to Incur EU Political
		Expenditure up to GBP 200,000
05/19/09 - A	Royal Dutch Shell plc		G7690A118			None		4,289
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
		Vote Recommendation In arriving at a voting
		decision on Royal Dutch Shell’s 2008
		remuneration report, shareholders should take into
Mgmt Rec - Company Management Recommended Vote								Page 126

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		account a number of factors. The
		Company’s headline performance was
		strong in the year in question (although as the
		Company’s first quarter 2009 results
		suggest, a large factor for the increased profits in
		2008 was driven by increases in oil prices), in
		addition the Company has demonstrated improved
		performance in a number of key operational areas in
		recent years. That said, the Committee’s
		decision to release for vesting 50% of the
		performance shares awarded in 2006 under the
		LTIP, despite fourth placed TSR ranking compared to
		the four other global oil majors, is an area of
		considerable concern. The concern is intensified in
		the context of the global economic
		downturn. The Company provided detailed
		explanations and statistical indicators to support the
		Committee’s decision in this instance,
		including ‘outstanding’ Shell
		scorecard performance in 2006, 2007 and 2008 and
		generally median performance compared to the LTIP
		comparator group in a number of financial and
		operation areas other than TSR. After undertaking a
		thorough examination of the issues and after careful
		consideration, shareholders are advised to vote
		against the remuneration report for the following
		reasons: (i) The use of discretion occurred for
		the second consecutive year despite fourth placed
		relative TSR performance in both the 2005-07 and
		2006-08 performance periods; and (ii) The
		economic context in which the decision was taken,
		which leads to a case for considering that the
		Committee should have exercised more restraint in
		2008. Shareholders may wish to consider
		arriving at their own voting decision on this item
		based on the information contained in this report and
		the detailed explanations provided by the Company.
	3	Elect Simon Henry as Director		For	For		Mgmt
	4	Re-elect Lord Kerr of Kinlochard as		For	For		Mgmt
		Director
	5	Re-elect Wim Kok as Director		For	For		Mgmt
	6	Re-elect Nick Land as Director		For	For		Mgmt
	7	Re-elect Jorma Ollila as Director		For	For		Mgmt
	8	Re-elect Jeroen van der Veer as		For	For		Mgmt
		Director
	9	Re-elect Hans Wijers as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote									Page 127

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of EUR 145 Million
	13	Subject to the Previous Resolution		For	For		Mgmt
		Being Passed, Authorise Issue of
		Equity or Equity-Linked Securities
		without Pre-emptive Rights up to
		Aggregate Nominal Amount of EUR 21
		Million
	14	Authorise 624 Million Ordinary Shares		For	For		Mgmt
		for Market Purchase
	15	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Organisations
		Other than Political Parties up to GBP
		200,000 and to Incur EU Political
		Expenditure up to GBP 200,000
04/22/09 - A	RWE AG		D6629K109			04/01/09		647
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 4.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
	6	Ratify PricewaterhouseCoopers AG for		For	For		Mgmt
		the Inspection of the 2009 Mid-Yearl
		Report
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Authorize Use of Financial Derivatives		For	For		Mgmt
		when Repurchasing Shares
	9	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 6
		Billion; Approve Creation of EUR 144
		Million Pool of Capital to Guarantee
		Conversion Rights
	10	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 6
		Billion; Approve Creation of EUR 144
		Million Pool of Capital to Guarantee
Mgmt Rec - Company Management Recommended Vote								Page 128

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Conversion Rights
	11	Amend Articles Re: Participation in the		For	For		Mgmt
		Annual Meeting; Chair of the Annual
		Meeting
	12	Amend Articles Re: Designation of		For	For		Mgmt
		Proxy
05/13/09 - A	Safeway Inc. *SWY*		786514208			03/16/09		6,629
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Provide for Cumulative Voting		Against	Against		ShrHoldr
	4	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Not needed; shareholders already have right to call
		special meeting and act by written consent.
	5	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
		Management responded meaningfully; no evidence
		that proposal it the best way to achieve appropriate
		control of excessive executive comp or that it will
		improve shareholder returns.
06/19/09 - A	SAIC Inc *SAI*		78390X101			04/20/09		3,371
	1	Elect Directors		For	For		Mgmt
	2	Approve Conversion of Securities		For	For		Mgmt
		Eliminates dual class structure; no impact to existing
		shareholders.
	3	Ratify Auditors		For	For		Mgmt
04/17/09 -	Sanofi Aventis		F5548N101			04/14/09		2,328
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 2.20 per Share
	4	Ratify Appointment of Chris Viehbacher		For	For		Mgmt
		as Director
	5	Approve Auditors' Special Report		For	Against		Mgmt
		Regarding Related-Party Transactions
		The amount of the total severance package granted
		to Gerard Le Fur represents an amount exceeding
Mgmt Rec - Company Management Recommended Vote								Page 129

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		twice his last annual cash compensation (salary and
		bonus). As a result, this item does not merit
		support.
	6	Approve Transaction with Chris		For	Against		Mgmt
		Viehbacher Re: Severance Payments
		Because of the lack of challenging performance
		criteria, this item does not merit approval.
	7	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	8	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 1.3 Billion
	9	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 500 Million
	10	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	11	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	12	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 500 Million for Bonus Issue
		or Increase in Par Value
	13	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	14	Authorize up to 2.5 Percent of Issued		For	Against		Mgmt
		Capital for Use in Stock Option Plan
		Because of the volume of shares to be granted is
		9.05 percent, which exceeds the 5-percent guideline,
		this proposal does not merit support.
	15	Authorize up to 1.0 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock Plan
		However, the lack of full disclosure on the future
		performance criteria prevents the analysis of these
		performance criteria's stringency from being
		performed. Due to this element, along with the fact
		that the volume of shares to be granted could reach
		7.64 percent, which is in excess of the 5-percent
		guideline, this proposal does not merit support.
	16	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	17	Amend Article 15 of the Bylaws Re:		For	For		Mgmt
		Audit Committee
	18	Authorize Filing of Required		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 130

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Documents/Other Formalities
05/19/09 - A	SAP AG		D66992104			04/28/09		1,174
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify KPMG AG as Auditors for Fiscal		For	For		Mgmt
		2009
	6	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Amend Articles Re: Electronic Proxy		For	For		Mgmt
		Authorization due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
04/08/09 - A	Schlumberger Ltd. *SLB*		806857108			02/18/09		3,559
	1	Elect Directors		For	For		Mgmt
	2	Adopt and Approve Financials and		For	For		Mgmt
		Dividends
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	4	Approval of Independent Registered		For	For		Mgmt
		Public Accounting Firm
04/23/09 -	Schneider Electric SA		F86921107			04/20/09		373
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 3.45 per Share
	4	Approve Auditors' Special Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Approve Transaction with Jean-Pascal		For	Against		Mgmt
		Tricoire Re: Pension Scheme and
		Severance Payment
		The severance payment could exceed twice the last
		annual remuneration (fixed and variable) received
		and the performance criteria attached are not
Mgmt Rec - Company Management Recommended Vote								Page 131

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		stringent or measurable. Moreover, the management
		board's chairman would benefit of his stock-options
		or free shares after his removal. For all those
		reasons, a vote against this resolution is warranted.
	6	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Ratify Change of Registered Office to		For	For		Mgmt
		35, Rue Joseph Monier, 92500 Rueil
		Malmaison and Amend Article 5 of
		Bylaws Accordingly
		Special Business
	8	Update Corporate Purpose and Amend		For	For		Mgmt
		Article 2 of Bylaws Accordingly
	9	Approve Share Ownership Disclosure		For	For		Mgmt
		Threshold
	10	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 800 Million
	11	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 360 Million
	12	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	13	Authorize Capital Increase for Future		For	For		Mgmt
		Exchange Offers
	14	Authorize up to 3 Percent of Issued		For	Against		Mgmt
		Capital for Use in Stock Option Plan
		Given the dilution in excess of 5-percent guideline
		(6.76 percent), and as past plans were only partly
		subject to performance criteria (or not at all for some
		plans) and that those criteria are not measurable, this
		proposal does not merit approval.
	15	Authorize up to 1 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock Plan
		Because of the absence of stringent performance
		criteria and the fact that only half of the restricted
		shares are conditioned to the achievement of those
		criteria, opposition to this proposal is warranted.
	16	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	17	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for International Employees
	18	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	19	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
Mgmt Rec - Company Management Recommended Vote								Page 132

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Shareholder Proposals
	A	Limit Remuneration of Supervisory		Against	Against		ShrHoldr
		Board Members at the Aggregate
		Amount of EUR 600,000
		As the current remuneration is not excessive, this
		item does not warrant a vote in favor
04/27/09 - A	Seaboard Corp. *SEB*		811543107			03/02/09		19
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Steven J. Bresky ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.2	Elect Director David A. Adamsen ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.3	Elect Director Douglas W. Baena ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.4	Elect Director Joseph E. Rodrigues ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.5	Elect Director Edward I. Shifman, Jr. ---
		For
	2	Ratify Auditors		For	For		Mgmt
	3	Reduce Authorized Common Stock		For	For		Mgmt
05/18/09 - A	Senior Housing Properties		81721M109			03/17/09		2,019
	Trust *SNH*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Jeffrey P. Somers --- For
	1.2	Elect Director Barry M. Portnoy ---
		Withhold
		Sits on 6 boards.
04/23/09 - A	Sensient Technologies Corp.		81725T100			02/27/09		95
	*SXT*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Hank Brown --- For
	1.2	Elect Director Fergus M. Clydesdale ---
		Withhold
Mgmt Rec - Company Management Recommended Vote								Page 133

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Comp committee member during period of poor pay
		practices.
	1.3	Elect Director James A. D. Croft ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.4	Elect Director William V. Hickey --- For
	1.5	Elect Director Kenneth P. Manning ---
		For
	1.6	Elect Director Peter M. Salmon --- For
	1.7	Elect Director Elaine R. Wedral --- For
	1.8	Elect Director Essie Whitelaw ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	2	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
05/08/09 - A	Simon Property Group, Inc.		828806109			03/09/09		683
	*SPG*
	1	Approve Increase in Size of Board		For	Against		Mgmt
		Permits board to fix number of directors without
		shareholder approval.
	2	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
	3	Increase Authorized Common Stock		For	For		Mgmt
	4	Amend Charter to Delete Obsolete or		For	For		Mgmt
		Unnecessary Provisions
	5	Elect Directors		For	For		Mgmt
	6	Adjourn Meeting		For	Against		Mgmt
	7	Ratify Auditors		For	For		Mgmt
05/12/09 - A	Skyworks Solutions, Inc.		83088M102			03/24/09		2,548
	*SWKS*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Balakrishnan S. Iyer ---
		Withhold
		Sits on 6 boards.
	1.2	Elect Director Thomas C. Leonard ---
		For
	1.3	Elect Director Robert A. Schriesheim ---
		For
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 134

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/12/09 - A	Smith International, Inc. *SII*		832110100			03/13/09		2,540
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert Kelley --- For
	1.2	Elect Director Luiz Rodolfo Landim
		Machado --- Withhold
		Sits on 6 boards.
	1.3	Elect Director Doug Rock --- For
	2	Ratify Auditors		For	For		Mgmt
06/19/09 - A	Sohu.com Inc. *SOHU*		83408W103			04/17/09		529
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Charles Zhang --- For
	1.2	Elect Director Charles Huang --- For
	1.3	Elect Director Dave Qi --- For
	1.4	Elect Director Shi Wang --- Withhold
		This nominee attended less than 75% of board
		meetings during the previous two years.
	2	Ratify Auditors		For	For		Mgmt
06/19/09 - A	Sony Corp. *6758*		J76379106			03/31/09		1,677
	1	Amend Articles To Reflect Digitalization For			For		Mgmt
		of Share Certificates
	2	Elect Directors		For	For		Mgmt
	3	Approve Stock Option Plan		For	For		Mgmt
05/19/09 - A	Southwestern Energy Co.		845467109			03/23/09		5,364
	*SWN*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Lewis E. Epley, Jr. --- For
	1.2	Elect Director Robert L. Howard ---
		Withhold
		Comp committee member during period of poor pay
		practices (NEO change-in-control with tax-gross-ups;
		NEO are paid tax gross-ups on "all other comp" -
		$2.6m 2008.
	1.3	Elect Director Harold M. Korell --- For
	1.4	Elect Director Vello A. Kuuskraa ---
		Withhold
	1.5	Elect Director Kenneth R. Mourton ---
		Withhold
	1.6	Elect Director Charles E. Scharlau ---
		For
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 135

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/19/09 - A	StatoilHydro ASA (formerly		R8412T102			None		2,083
	Statoil ASA)
	1	Open Meeting		None	None		Mgmt
	2	Elect Olaug Svarva as Chairman of		For	For		Mgmt
		Meeting
	3	Approve Notice of Meeting and Agenda		For	For		Mgmt
	4	Registration of Attending Shareholders		None	None		Mgmt
		and Proxies
	5	Designate Inspectors of Minutes of		For	For		Mgmt
		Meeting
	6	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports; Approve Allocation
		of Income and Dividends of NOK 7.25
		per Share (NOK 4.40 as Ordinary
		Dividend and NOK 2.85 as Special
		Dividend)
	7	Approve Remuneration of Auditors		For	For		Mgmt
	8	Elect One Deputy Member of Corporate		For	Against		Mgmt
		Assembly
		Conclusion While the company's board of
		directors meets guidelines regarding independence,
		the omission of the name of the nominee for the
		corporate assembly makes it impossible to make an
		informed decision in this matter, which warrants a
		vote against this resolution.
	9	Approve Remuneration Policy And		For	Against		Mgmt
		Other Terms of Employment For
		Executive Management
		Conclusion            The company's overall
		remuneration policy appears to be well structured,
		with bonus to the CEO capped at 25 percent of
		salary, and severance terms limited to 24 months
		salary. However, as members of the executive group
		would, in essence, be granted free shares without
		any performance criteria attached other than a lock-
		up period under the LTI proposal, and due certain
		features of the ESPP in which they may participate,
		this item does not warrant approval.
	10	Authorize Repurchase and Reissuance		For	Against		Mgmt
		of Shares up to NOK 15 Million
		Aggregate Par Value for Share Saving
		Scheme for Employees
		Conclusion For share-matching plans without
		performance criteria, the initial investment in shares
		must be made at market price. Because the initial
		shares in the 1:1 share matching program may be
		purchased at a discount, this proposal does not merit
		approval.
	11	Change Company Name to Statoil		For	For		Mgmt
		ASA; Amend Corporate Purpose:
Mgmt Rec - Company Management Recommended Vote								Page 136

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Include Other Forms of Energy
		Shareholder Proposals
	12	Withdraw Company From Tar Sands		Against	Against		ShrHoldr
		Activities in Canada
		Conclusion Increased disclosure on operations
		in sensitive environmental regions is most often
		warranted, especially in circumstances where there
		has been some controversy over the use of
		resources in the region and if the company
		operations may be materially impacted, which may
		appear to be the case at StatoilHydro. The
		company appears to significantly address the issues
		and risks facing its expansion of its oil sands
		operations in Canada. In light of the shifting price of
		energy resources, pending regulation, increasing
		concerns over scarcity of water, and increased
		potential of environmental degradation as a result of
		oil sands operations, the company appears to be
		taking a proactive approach regarding its
		sustainability reporting. In this case, the
		resolution requests that the company withdraw from
		tar sands operations in Canada. Although, further
		disclosure could be beneficial for the company and
		its shareholders by demonstrating the
		company’s active commitment to mitigate
		financial, reputational, environmental, and regulatory
		risk relating to its current and future tar sands
		operations, the request may be overly burdensome
		and/or costly to produce. It may not be necessarily
		beneficial to shareholders for the company to commit
		to discontinue operating in certain areas, such as the
		Canadian tar sands. Particularly with respect to
		discontinuing such tar sands operations, adopting a
		policy to withdraw could limit the company’s
		ability to take advantage of opportunities that would
		benefit the company and its shareholders. As such, a
		vote against this proposal is warranted.
04/28/09 - A	Strayer Education, Inc.		863236105			03/05/09		243
	*STRA*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert S. Silberman ---
		For
	1.2	Elect Director Dr. Charlotte F. Beason -
		-- For
	1.3	Elect Director William E. Brock --- For
	1.4	Elect Director David A. Coulter --- For
	1.5	Elect Director Robert R. Grusky --- For
	1.6	Elect Director Robert L. Johnson ---
Mgmt Rec - Company Management Recommended Vote								Page 137

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Against
		Comp committee member during period of poor pay
		practices.
	1.7	Elect Director Todd A. Milano ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.8	Elect Director G. Thomas Waite, III ---
		For
	1.9	Elect Director J. David Wargo ---
		Against
		Comp committee member during period of poor pay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
06/26/09 - A	SUMITOMO MITSUI		J7771X109			03/31/09		453
	FINANCIAL GROUP INC.
	*8316*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 20 for Ordinary
		Shares
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Authorize Public
		Announcements in Electronic Format -
		Clarify Terms of Alternate Statutory
		Auditors
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Statutory Auditor		For	For		Mgmt
	4.2	Appoint Statutory Auditor		For	For		Mgmt
	4.3	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	4.4	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
Mgmt Rec - Company Management Recommended Vote								Page 138

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Appoint Alternate Statutory Auditor		For	For		Mgmt
	6	Approve Retirement Bonus Payment		For	Against		Mgmt
		for Directors and Statutory Auditors
		As the payment of retirement bonuses to
		outsiders is a highly inappropriate practice anywhere,
		not just in Japan, this proposal does not merit
		approval.
05/29/09 - A	Superior Industries		868168105			04/03/09		2,195
	International, Inc. *SUP*
	1	Elect Directors		For	For		Mgmt
	2	Approve Decrease in Size of Board		For	For		Mgmt
		Changes to 5-9 range From 9 - 15 range and sets at
		8 (current number); reduces expenses and does not
		appear to be motived by entrenchment.
	3	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
05/12/09 - A	SVB FINANCIAL GROUP		78486Q101			03/24/09		580
	*SIVB*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Eric A. Benhamou --- For
	1.2	Elect Director David M. Clapper --- For
	1.3	Elect Director Roger F. Dunbar --- For
	1.4	Elect Director Joel P. Friedman --- For
	1.5	Elect Director G. Felda Hardymon ---
		For
	1.6	Elect Director Alex W. 'Pete' Hart ---
		For
		Comp committee member during period of poor pay
		practices.
	1.7	Elect Director C. Richard Kramlich ---
		For
		Comp committee member during period of poor pay
		practices.
	1.8	Elect Director Lata Krishnan --- For
	1.9	Elect Director James R. Porter ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.10	Elect Director Michaela K. Rodeno ---
		Withhold
		Comp committee member during period of poor pay
		practices.
Mgmt Rec - Company Management Recommended Vote								Page 139

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.11	Elect Director Ken P. Wilcox --- For
	1.12	Elect Director Kyung H. Yoon ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officer's Compensation
		NEO change-in-control with tax gross-ups;
		severance 3X annual base, bonus.
04/14/09 - A	Sybase, Inc. *SY*		871130100			02/27/09		1,405
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director John S. Chen --- For
	1.2	Elect Director Richard C. Alberding ---
		Withhold
		Comp committee member responsible for single
		trigger change-in-control contracts with tax gross-
		ups.
	1.3	Elect Director Michael A. Daniels ---
		Withhold
		Comp committee member responsible for single
		trigger change-in-control contracts with tax gross-
		ups.
	1.4	Elect Director Alan B. Salisbury ---
		Withhold
		Comp committee member responsible for single
		trigger change-in-control contracts with tax gross-
		ups.
	1.5	Elect Director Jack E. Sum --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
04/08/09 - A	T. Rowe Price Group, Inc.		74144T108			02/06/09		3,226
	*TROW*
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Edward C. Bernard ---
		For
	1.2	Elect Director James T. Brady --- For
	1.3	Elect Director J. Alfred Broaddus, Jr. ---
		For
	1.4	Elect Director Donald B. Hebb, Jr. ---
Mgmt Rec - Company Management Recommended Vote								Page 140

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		For
	1.5	Elect Director James A.C. Kennedy ---
		For
	1.6	Elect Director Brian C. Rogers --- For
	1.7	Elect Director Alfred Sommer --- For
	1.8	Elect Director Dwight S. Taylor --- For
	1.9	Elect Director Anne Marie Whittemore -
		-- For
	2	Ratify Auditors		For	For		Mgmt
06/25/09 - A	Takeda Pharmaceutical Co.		J8129E108			03/31/09		1,192
	Ltd. *4502*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 92
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and
		the strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	4.2	Appoint Statutory Auditor		For	For		Mgmt
	5	Approve Annual Bonus Payment to		For	For		Mgmt
		Directors
05/28/09 -	Target Corporation *TGT*		87612E106			03/30/09		2,279
PC
		Management Proxy (White Card)
	1	Fix Number of Directors at 12		For	None		Mgmt
	2	Elect Director Mary N. Dillon		For	None		Mgmt
	3	Elect Director Richard M. Kovacevich		For	None		Mgmt
	4	Elect Director George W. Tamke		For	None		Mgmt
	5	Elect Director Solomon D. Trujillo		For	None		Mgmt
	6	Ratify Auditors		For	None		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 141

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	7	Amend Omnibus Stock Plan		For	None		Mgmt
	8	Advisory Vote to Ratify Named		Against	None		ShrHoldr
		Executive Officers' Compensation
		Dissident Proxy (Gold Card)
	1	Fix Number of Directors at 12		Against	For		Mgmt
		Increases likelihood that Jim Donald will be the one
		dissident nominee elected to the board.
	2.1	Elect Director William A. Ackman		For	Withhold		ShrHoldr
	2.2	Elect Director Michael L. Ashner		For	Withhold		ShrHoldr
	2.3	Elect Director James L. Donald		For	For		ShrHoldr
		Per TBCAM analyst: I think he would be a great
		addition due to previous supermarket experience. As
		TGT tries to grow its grocery business from the
		current 15-20% he would be instrumental in
		developing assortments and new distribution
		networks for the additional perishable products.
	2.4	Elect Director Richard W. Vague		For	Withhold		ShrHoldr
	3	Elect Director Ronald J. Gilson		For	Against		ShrHoldr
		WITHHOLD from this nominee cannot be processed
		by Broadridge per Meghan Orifici 5/26/09.
	4	Ratify Auditors		For	For		Mgmt
	5	Amend Omnibus Stock Plan		For	For		Mgmt
	6	Advisory Vote to Ratify Named		Abstain	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
05/19/09 - A	Texas Capital Bancshares		88224Q107			03/31/09		2,294
	Inc *TCBI*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Directors George F. Jones, Jr. ---
		For
	1.2	Elect Directors Peter B. Bartholow ---
		For
	1.3	Elect Directors Joseph M. (Jody) Grant
		--- For
	1.4	Elect Directors Frederick B. Hegi, Jr. ---
		Withhold
		Comp committee member during period of poor pay
		praxtices; NEO change-in-control with tax gross-ups;
		unusually long and complex comp arrangesment for
		former CEO with demontration of benefit to company
		or shareholders.
	1.5	Elect Directors Larry L. Helm --- For
	1.6	Elect Directors James R. Holland, Jr. ---
		For
	1.7	Elect Directors W. W. McAllister III ---
Mgmt Rec - Company Management Recommended Vote								Page 142

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		For
	1.8	Elect Directors Lee Roy Mitchell ---
		Withhold
		Comp committee member during period of poor pay
		praxtices; NEO change-in-control with tax gross-ups;
		unusually long and complex comp arrangesment for
		former CEO with demontration of benefit to company
		or shareholders.
	1.9	Elect Directors Steven P. Rosenberg ---
		Withhold
		Comp committee member during period of poor pay
		praxtices; NEO change-in-control with tax gross-ups;
		unusually long and complex comp arrangesment for
		former CEO with demontration of benefit to company
		or shareholders.
	1.10	Elect Directors Robert W. Stallings ---
		For
	1.11	Elect Directors Ian J. Turpin --- For
	2	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		NEO change-in-control with tax gross-ups; unusually
		long and complex comp arrangesment for former
		CEO with demontration of benefit to company or
		shareholders.
04/14/09 - A	The Bank Of New York		064058100			02/13/09		3,222
	Mellon Corp. *BK*
	1	Elect Directors		For	For		Mgmt
	2	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
	3	Ratify Auditors		For	For		Mgmt
	4	Provide for Cumulative Voting		Against	For		ShrHoldr
	5	Stock Retention/Holding Period		Against	For		ShrHoldr
04/27/09 - A	The Boeing Co. *BA*		097023105			02/27/09		2,146
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	Against		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Provide for Cumulative Voting		Against	Against		ShrHoldr
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior proposals supported by PPC.
	6	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Mgmt responded meaningfully; no evidence of non-
		compliance with current law or that proposal will
Mgmt Rec - Company Management Recommended Vote								Page 143

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		result in improved shareholder returns.
	7	Report on Foreign Military Sales		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence of non-
		compliance with current law or that proposal will
		result in improved shareholder returns.
	8	Require Independent Lead Director		Against	Against		ShrHoldr
		Lead director in place.
	9	Restrict Severance Agreements		Against	Against		ShrHoldr
		(Change-in-Control)
	10	Report on Political Contributions		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence of non-
		compliance with current law or that proposal will
		result in improved shareholder returns.
05/14/09 - A	The Charles Schwab Corp.		808513105			03/16/09		3,034
	*SCHW*
	1	Elect Directors		For	For		Mgmt
	2	Report on Political Contributions		Against	Against		ShrHoldr
		Board member when poison pill was adopted without
		shareholder vote (no qualified offer clause or sunset
		provision).
	3	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
		Management responded meaningfully; no evidence
		that proposal will accomplish appropriate executive
		compensation controls with industory parameters or
		will improce shareholder returns.
	4	Amend Corporate Executive Bonus		Against	Against		ShrHoldr
		Plan
		Management responded meaningfully; no evidence
		that proposal will accomplish appropriate executive
		compensation controls with industory parameters or
		will improce shareholder returns.
04/22/09 - A	The Coca-Cola Company		191216100			02/23/09		6,642
	*KO*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Herbert A. Allen --- For
	1.2	Elect Director Ronald W. Allen ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
Mgmt Rec - Company Management Recommended Vote								Page 144

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.3	Elect Director Cathleen P. Black ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.4	Elect Director Barry Diller --- For
	1.5	Elect Director Alexis M. Herman ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.6	Elect Director Muhtar Kent --- For
	1.7	Elect Director Donald R. Keough --- For
	1.8	Elect Director Maria Elena Lagomsino -
		-- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.9	Elect Director Donald F. McHenry ---
		For
	1.10	Elect Director Sam Nunn --- For
	1.11	Elect Director James D. Robinson III ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.12	Elect Director Peter V. Ueberroth ---
		For
	1.13	Elect Director Jacob Wallenberg ---
		Against
		Sits on 6 public boards.
	1.14	Elect Director James B. Williams --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Same non-binding advisory proposal previously
		supported by PPC.
	4	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	5	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
		Committee on Human Rights
		Mgmt responded meaningfully; no evidence that
		company is not in compliance with current law or that
		proposal would improve shareholder returns or
		management’s record on covered issues.
	6	Performance-Based Awards		Against	Against		ShrHoldr
		Company already substantially performing as
		proposal requests.
Mgmt Rec - Company Management Recommended Vote								Page 145

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/02/09 - A	The DirecTV Group, Inc		25459L106			04/03/09		3,087
	*DTV*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	4	Declassify the Board of Directors		Against	For		ShrHoldr
05/14/09 - A	The Dow Chemical Company		260543103			03/16/09		2,844
	*DOW*
	1	Elect Director Arnold A. Allemang		For	For		Mgmt
	2	Elect Director Jacqueline K. Barton		For	For		Mgmt
	3	Elect Director James A. Bell		For	For		Mgmt
	4	Elect Director Jeff M. Fettig		For	For		Mgmt
	5	Elect Director Barbara H. Franklin		For	For		Mgmt
	6	Elect Director John B. Hess		For	For		Mgmt
	7	Elect Director Andrew N. Liveris		For	For		Mgmt
	8	Elect Director Geoffery E. Merszei		For	For		Mgmt
	9	Elect Director Dennis H. Reilley		For	For		Mgmt
	10	Elect Director James M. Ringler		For	Against		Mgmt
		Sits on 6 boards.
	11	Elect Director Ruth G. Shaw		For	For		Mgmt
	12	Elect Director Paul G. Stern		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Restore or Provide for Cumulative		Against	Against		ShrHoldr
		Voting
	15	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholders currentaly have right to call special
		meeting (50%)
	16	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Overly restictive and not the best way to bring about
		appropriate executive compensation controls.
	17	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	18	Report on Environmental Remediation		Against	Against		ShrHoldr
		in Midland Area
		Management responded meaningfully; company
		appears to be dealing with environmental issues with
		the legal, scientific and technical means available;
		ample publis disclosure is avaiable; waters are pretty
		muddy in this evolving area of law and practice.
Mgmt Rec - Company Management Recommended Vote								Page 146

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/08/09 - A	The Goldman Sachs Group,		38141G104		03/09/09			1,075
	Inc. *GS*
	1	Elect Director Lloyd C. Blankfein		For	For		Mgmt
	2	Elect Director John H. Bryan		For	For		Mgmt
	3	Elect Director Gary D. Cohn		For	For		Mgmt
	4	Elect Director Claes Dahlback		For	For		Mgmt
	5	Elect Director Stephen Friedman		For	For		Mgmt
	6	Elect Director William W. George		For	For		Mgmt
	7	Elect Director Rajat K. Gupta		For	Against		Mgmt
		Sits on 6 public boards and 12 non-public boards.
	8	Elect Director James A. Johnson		For	For		Mgmt
	9	Elect Director Lois D. Juliber		For	For		Mgmt
	10	Elect Director Lakshmi N. Mittal		For	For		Mgmt
	11	Elect Director James J. Schiro		For	For		Mgmt
	12	Elect Director Ruth J. Simmons		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of  egregious pay/performance
		disconnect or poor pay practices; Shareholder
		Returns 1 yr% 3 yr% 5 yr%: Company -64.82 -14.40
		-3.01, S&P 500 -36.99 -8.36 -2.19, GICS peers -
		52.27 -20.28 -8.50; CEO Total Comp $53.5 mil
		‘08, $59.8 ‘07, Median Peer $22.6
		‘08.
	15	Provide for Cumulative Voting		Against	Against		ShrHoldr
		Standing policy.
	16	Reduce Supermajority Vote		Against	For		ShrHoldr
		Requirement
		Standing policy.
	17	Amend By-Laws to Establish Board		Against	Against		ShrHoldr
		U.S. Economic Security Committee
		Overreaching, binding shareholder proposal lacking
		in evidence that it will improve shareholder returns or
		is the appropriate vehicle to accomplish proponents
		objectives.
	18	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/03/09 - A	The Royal Bank of Scotland		G76891111		None			16,071
	Group plc
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Abstain		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 147

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
	Conclusion and Vote Recommendation In
	arriving at their voting decision, shareholders should
	take note of the Company’s remuneration
	practices during the year, including the award of
	significant salary increases, the use of vesting scales
	that rise above the size of the initial award, one-off
	on-appointment awards without performance criteria,
	and the use of actuarial waivers under the
	Company’s pension scheme in line with
	their contractual obligation. It is also noted that
	much of the disgressions in terms of remuneration
	good practice lie in the past with the involved
	directors having stepped down from the Board,
	including the former Chairman of the Remuneration
	Committee. Shareholders should also take into
	account the Company’s remuneration policy
	going forward, which is generally in line with best
	practice guidelines - albeit no doubt in great part due
	to HM Treasury’s influence. There have
	been a number of positive steps made in respect of
	better alignment of the Company’s
	remuneration policy with current good practice,
	including: - No bonus awards for Executive
	Directors for the 2008 financial year; - No basic
	salary increase in 2009; - Annual incentives for
	2009 will be deferred for up to three years with
	potential clawback; - No further payments will be
	made under the Profit Sharing Scheme for 2009
	onwards; - Long-term incentive awards will be
	made at lower levels compared to 2008; - The
	provision for an undiscounted pension on early
	retirement at employer request will not apply to any
	Executive Director appointed in the
	future. However, given the Company’s
	recent performance - resulting in its ultimate need for
	Government funding - shareholders may be reticent
	to approve the Company’s past
	remuneration practices, despite the marked
	improvements made since the UKFI’s
	involvement. As identified above, there also remain
	some on-going elements of remuneration practices
	which may be considered negative and which will
	continued to be monitored closely. Given this
	combination    of factors, shareholders are
	recommended to abstain on the approval of the
	remuneration report at this time, although support
	may be appropriate in future years (given current
	information). For those shareholders who have a
	fiduciary responsibility to vote either in favour or
	against and who do not recognise an abstention as
	valid option, we recommend that they approve this
Mgmt Rec - Company Management Recommended Vote							Page 148

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		resolution.
	3	Elect Philip Hampton as Director		For	For		Mgmt
	4	Elect Stephen Hester as Director		For	For		Mgmt
	5	Elect John McFarlane as Director		For	For		Mgmt
	6	Elect Arthur Ryan as Director		For	For		Mgmt
	7	Reappoint Deloitte LLP as Auditors of		For	For		Mgmt
		the Company
	8	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	9	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital by GBP
		7,500,000,000
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 3,288,000,408 (Rights
		Issue); Otherwise up to GBP
		3,288,000,408
	11	Subject to the Passing of the Preceding		For	For		Mgmt
		Resolution, Authorise Issue of Equity or
		Equity-Linked Securities without Pre-
		emptive Rights up to Aggregate
		Nominal Amount of GBP 493,200,061
	12	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
04/03/09 - S	The Royal Bank of Scotland		G76891111			None		16,071
	Group plc
	1	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital by
		16,909,716,385 New Ordinary Shares
		of 25 Pence Each; Authorise Issue of
		Equity with Pre-emptive Rights up to
		GBP 4,227,429,096.25 (Placing and
		Open Offer)
	2	Approve the Placing and Open Offer;		For	For		Mgmt
		Approve the Preference Share
		Redemption
	3	Amend Articles of Association Re:		For	For		Mgmt
		Preference Share Redemption
	4	Subject to and Conditional Upon the		For	For		Mgmt
		Passing of Resolution 1, Authorise
		Issue of Equity or Equity-Linked
		Securities without Pre-emptive Rights
		up to Aggregate Nominal Amount of
		GBP 4,227,429,096.25 (Placing and
		Open Offer)
Mgmt Rec - Company Management Recommended Vote								Page 149

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/13/09 - A	The Western Union Company		959802109			03/16/09		2,302
	*WU*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	Thermo Fisher Scientific Inc.		883556102			03/27/09		1,170
	*TMO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/08/09 - A	TIBCO Software, Inc. *TIBX*		88632Q103			02/09/09		905
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Vivek Y. Ranadive --- For
	1.2	Elect Director Eric C.W. Dunn --- For
	1.3	Elect Director Narendra K. Gupta ---
		For
	1.4	Elect Director Peter J. Job --- For
	1.5	Elect Director Philip K. Wood --- For
	2.	Ratify Auditors		For	For		Mgmt
06/03/09 - A	Time Warner Cable Inc.		88732J207			04/08/09		850
	*TWC*
	1	Elect Director Carole Black		For	For		Mgmt
	2	Elect Director Glenn A. Britt		For	For		Mgmt
	3	Elect Director Thomas H. Castro		For	For		Mgmt
	4	Elect Director David C. Chang		For	For		Mgmt
	5	Elect Director James E. Copeland, Jr.		For	For		Mgmt
	6	Elect Director Peter R. Haje		For	For		Mgmt
	7	Elect Director Donna A. James		For	For		Mgmt
	8	Elect Director Don Logan		For	For		Mgmt
	9	Elect Director N.J. Nicholas, Jr.		For	For		Mgmt
	10	Elect Director Wayne H. Pace		For	For		Mgmt
	11	Elect Director Edward D. Shirley		For	For		Mgmt
	12	Elect Director John E. Sununu		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
05/28/09 - A	Time Warner Inc *TWX*		887317303			04/03/09		3,388
	1	Elect Directors		For	Split		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 150

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.1	Elect Director Herbert M. Allison, Jr. ---
		For
	1.2	Elect Director James L. Barksdale ---
		For
	1.3	Elect Director Jeffrey L. Bewkes --- For
	1.4	Elect Director Stephen F. Bollenbach --
		- For
	1.5	Elect Director Frank J. Caufield ---
		Against
		Comp committee member during period of poor pay
		practices. Excessing perks for retired CEO.
	1.6	Elect Director Robert C. Clark --- For
	1.7	Elect Director Mathias Dopfner ---
		Against
		Comp committee member during period of poor pay
		practices. Excessing perks for retired CEO.
	1.8	Elect Director Jessica P. Einhorn --- For
	1.9	Elect Director Michael A. Miles ---
		Against
		Comp committee member during period of poor pay
		practices. Excessing perks for retired CEO.
	1.10	Elect Director Kenneth J. Novack ---
		For
	1.11	Elect Director Deborah C. Wright ---
		Against
		Comp committee member during period of poor pay
		practices. Excessing perks for retired CEO.
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Provide for Cumulative Voting		Against	Against		ShrHoldr
	5	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholder currently have right to call special
		meeting (25%).
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
06/24/09 - A	Toshiba Corp. *6502*		J89752117			03/31/09		5,629
		Management Proposals
	1	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	2	Elect Directors		For	Split		Mgmt
	2.1	Elect Director Atsutoshi Nishida --- For
	2.2	Elect Director Masashi Muromachi ---
		For
Mgmt Rec - Company Management Recommended Vote								Page 151

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2.3	Elect Director Norio Sasaki --- For
	2.4	Elect Director Fumio Muraoka --- For
	2.5	Elect Director Masao Namiki --- For
	2.6	Elect Director Kazuo Tanigawa --- For
	2.7	Elect Director Shigeo Koguchi --- For
	2.8	Elect Director Kiichiro Furusawa ---
		Against
	2.9	Elect Director Hiroshi Hirabayashi ---
		For
	2.10	Elect Director Takeshi Sasaki --- For
	2.11	Elect Director Ichiro Tai --- For
	2.12	Elect Director Yoshihiro Maeda --- For
	2.13	Elect Director Hiroshi Horioka --- For
	2.14	Elect Director Takeo Kosugi --- For
	3	Approve Takeover Defense Plan		For	Against		Mgmt
		(Poison Pill)
		The most effective defense against a hostile takeover
		is always for a company to increase its valuation.
		Because we believe that voting down the takeover
		defense will help to keep up pressure on Toshiba
		management to continue to increase value, we
		recommend a vote against this resolution.
		Shareholder Proposals
	4	Amend Articles to Incorporate an Essay		Against	Against		ShrHoldr
		Calling for Greater Disclosure on Past
		Incidents
		This is apparently a case of a whistleblower who
		feels he was mistreated by the company, and is
		determined to pursue his personal dispute with the
		company as far as possible. The statement, which is
		more an accusatory essay than a statement of policy
		appropriate to articles of association, appears to us
		an abuse of shareholder rights to create a soapbox
		from which to harass management in the context of
		an obviously emotional dispute. We do not believe
		that turning the annual shareholder meeting into a
		forum for the airing of grievances will benefit portfolio
		investors in the company. Moreover, we regard
		disclosure judgments in specific matters such as
		those referenced here as appropriate to be
		determined by management with board oversight,
		until and unless clearer evidence emerges that
		management or the board is not acting in the best
		interests of shareholders. We recommend a vote
		against this proposal.
	5	Amend Articles to Deem Non-Votes as		Against	Against		ShrHoldr
		Votes AGAINST Meeting Agenda Items
		Because the proponent's proposed change would
Mgmt Rec - Company Management Recommended Vote								Page 152

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		replace one tallying distortion with another, we
		cannot support this item.
	6	Amend Articles to Require Disclosure		Against	Against		ShrHoldr
		of Punitive Action Against Directors and
		Officers
		While this item starts with a clearer initial expression
		of the proposed change than the rambling essay in
		Item 4, the total statement develops into an essay
		quite similar to the one proposed in Item 4. The
		lengthy statement appears to us an abuse of
		shareholder rights to create a soapbox from which to
		harass management in the context of an obviously
		emotional dispute. We do not believe that turning the
		annual shareholder meeting into a forum for the
		airing of grievances will benefit portfolio investors in
		the company. Moreover, we regard disclosure
		judgments in specific matters such as those
		referenced here as appropriate to be determined by
		management with board oversight, until and unless
		clearer evidence emerges that management or the
		board is not acting in the best interests of
		shareholders. We recommend a vote against this
		proposal.
	7	Amend Articles to Require Disclosure		Against	Against		ShrHoldr
		of Truth Behind Fraudulent Billing of
		NEDO
		The proponent has not provided sufficient evidence
		for shareholders to suspect ongoing fraud, or the
		coverup of the sort of systematic or organized
		embezzlement that would seriously call into question
		the board's fitness to oversee the company. The
		matter does not appear serious enough, or to have
		enough continuing relevance, to justify the disclosure
		sought. We recommend a vote against this
		amendment.
	8	Amend Articles to Require Disclosure		Against	Against		ShrHoldr
		of Individual Historical Compensation
		for Directors and Officers
		We recommend votes against this amendment.
	9	Amend Articles to Require Disclosure		Against	Against		ShrHoldr
		of Individual Historical Compensation
		for Outside Advisors
		It is inherently hard for RMG or for shareholders
		generally to judge whether Toshiba is abusing
		advisor contracts to provide an improper retirement
		benefit, but we are inclined to trust the board to raise
		such issues on shareholders behalf, until and unless
		clear evidence emerges of dereliction. Toshiba is one
		of a minority of firms whose board includes
Mgmt Rec - Company Management Recommended Vote								Page 153

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		nomination, audit and compensation committees
		each with a non-executive		majority.	The
		compensation committee and arguably the audit
		committee have responsibility for this sort of
		oversight, and we do not see evidence that they are
		not attentive to this concern. Also, as in the
		preceding item, we are leery of reporting
		requirements that risk effectively subjecting such
		detailed decisions improperly to shareholder
		referendum. RMG recommends opposing this item.
	10	Amend Articles to Require Disclosure		Against	Against		ShrHoldr
		Concerning Former Public Officials
		Employed by Toshiba
		It is common for large Japanese companies,
		especially financial institutions and companies
		involved in public works contracting, to employ
		former officials of the national government and local
		governments in an advisory capacity, or even to
		incorporate them into senior management. The
		practice is known as "amakudari" (literally "descent
		from heaven"). While the practice has been criticized
		for fostering lax regulation, it would be an
		exaggeration to say that such employment is always
		problematic. The proponent does not claim that the
		hiring of former officials was the cause of the
		overbilling incident discussed above (e.g. Item 4) or
		tie it to other specific instances of malfeasance. We
		do not believe that an article amendment mandating
		disclosure of amakudari going back an indefinite
		number years would enhance shareholder value at
		Toshiba going forward.
	11	Amend Articles to Create a Committee		Against	Against		ShrHoldr
		to Investigate and Prevent Recurrence
		of Wrongdoing
		The proponent has not provided sufficient evidence
		to suspect ongoing fraud, or the coverup of the sort
		of systematic or organized embezzlement that would
		seriously call into question the board's fitness to
		oversee the company. The allegations do not appear
		serious enough, or to have enough continuing
		relevance, to justify setting up a committee that
		would be charged with revisiting business that the
		board claims it has addressed and continues to
		monitor in an appropriate manner. We recommend a
		vote against this item.
	12	Amend Articles to Ban Investment in		Against	Against		ShrHoldr
		Semiconductor Manufacturing
		While Toshiba is certainly facing a tough market
		environment with sector-wide weak demand, the
		proponent has not provided sufficient evidence that
Mgmt Rec - Company Management Recommended Vote								Page 154

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		the board cannot be trusted to oversee
		management's strategic decisions. Moreover, even if
		we were convinced that the board was not competent
		in this area, the solution would lie in changes to the
		board rather than inflexible rules such as the one
		proposed here. We recommend a vote against this
		item.
	13	Amend Articles to Pay Temporary		Against	Against		ShrHoldr
		Workers No Less than Employees
		Pay levels for temporary workers are typically lower
		than for permanent employees for various reasons,
		in Japan as elsewhere, including the fact that
		temporary workers typically lack the experience and
		familiarity with the job offered by permanent
		employees. The proponent does not argue that the
		firm has violated any laws or regulations in hiring
		temporary workers, and we do not agree that their
		use at a lower pay rate than permanent employees is
		inherently unethical or exploitative. On the contrary,
		paying much more than the locally prevailing rate for
		temporary workers would both waste shareholder
		resources and pose challenges of how to choose
		among temp agencies or individual applicants who
		would clamor for temporary assignments, especially
		in the current economic environment. To the extent
		that poor pay and benefits for temporary workers are
		seen as a societal problem in Japan, the issues
		would seem to be more appropriately addressed by
		the Ministry of Health, Labor and Welfare than by any
		particular corporation.
05/15/09 -	Total SA		F92124100			05/12/09		3,348
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 2.28 per Share
	4	Approve Special Auditors' Report		For	For		Mgmt
		Presenting Ongoing Related-Party
		Transactions
	5	Approve Transaction with Thierry		For	For		Mgmt
		Desmarest
	6	Approve Transaction with Christophe		For	Against		Mgmt
		de Margerie
		Of the three criteria, only two need be achieved for
		de Margerie to receive the payment proposed under
Mgmt Rec - Company Management Recommended Vote								Page 155

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		this item. The two performance conditions which
		have been met this year, and have been easily
		achieved by de Margerie over each of the last two
		years, are not sufficiently challenging. Because of the
		lack of challenging performance criteria, this item
		does not merit approval.
	7	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	8	Reelect Anne Lauvergeon as Director		For	Against		Mgmt
		For this market, if the proposed board does not
		consist of a majority of independent directors, the
		election or reelection of any non-independent director
		(except the CEO) is not warranted. At Total, if
		all the elections proposed at this general meeting
		were approved, only 47 percent of the board of
		directors would be independent. Therefore, the
		elections of the non-independent directors, Anne
		Lauvergeon, Daniel Bouton, and Michel Pebereau,
		do not merit approval. However, the elections of
		independent directors, Bertrand Collomb and Patrick
		Artus, as well as the CEO, Christophe de Margerie,
		warrant support. Michel Pebereau is considered
		an executive of BNP Paribas, as he was entitled to
		receive a salary, a bonus, and share-based plan
		awards in line with highest paid executives of the
		company in fiscal year 2008 (Source: BNP Paribas
		2008 Annual Report, p.237). Moreover, he serves on
		the board of six other listed companies, namely: BNP
		Paribas, Lafarge, Saint Gobain, EADS, Pargesa
		Holding, EADS, and AXA. Hence, as he is an
		executive corporate officer who holds more than
		three directorships in listed companies outside the
		group, Pebreau's reelection does not warrant
		support.
	9	Reelect Daniel Bouton as Director		For	Against		Mgmt
	10	Reelect Bertrand Collomb as Director		For	For		Mgmt
	11	Reelect Christophe de Margerie as		For	For		Mgmt
		Director
	12	Reelect Michel Pebereau as Director		For	Against		Mgmt
	13	Electe Patrick Artus as Director		For	For		Mgmt
		Special Business
	14	Amend Article 12 of Bylaws Re: Age		For	For		Mgmt
		Limit for Chairman
		Shareholder Proposals
	A	Amend Article 19 of Bylaws Re:		Against	Against		ShrHoldr
		Disclosure of Individual Stock Plans
		As this proposal would not provide a higher level of
		disclosure with regard to the grant of stock options
		and free shares to corporate officers, this resolution
		warrants opposition.
Mgmt Rec - Company Management Recommended Vote								Page 156

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	B	Amend Article 11 of Bylaws Re:		Against	Against		ShrHoldr
		Nomination of Employees Shareholders
		Representative to the Board of
		Directors
		RMG Conclusion As this amendment would
		provide a restrictive process to designate candidates
		for the position of employee shareholders board
		representative and because the positive aspects of
		this process could not be clearly determined, this
		proposal warrants opposition.
	C	Approve Restricted Stock Plan to All		Against	Against		ShrHoldr
		Employees
		Given the absence of information on performance
		criteria, this proposal warrants opposition.
06/23/09 - A	Toyota Motor Corp. *7203*		J92676113			03/31/09		4,272
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 35
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Authorize Public
		Announcements in Electronic Format
	3	Elect Directors		For	For		Mgmt
	4	Approve Stock Option Plan		For	For		Mgmt
05/13/09 - A	Tupperware Brands Corp.		899896104			03/16/09		951
	*TUP*
	1	Elect Director Kriss Cloninger III		For	For		Mgmt
	2	Elect Director Joe R. Lee		For	For		Mgmt
	3	Elect Director Bob Marbut		For	For		Mgmt
	4	Elect Director David R. Parker		For	For		Mgmt
	5	Elect Director J. Patrick Spainhour		For	For		Mgmt
	6	Ratify Auditors		For	For		Mgmt
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
06/04/09 - A	TW Telecom, Inc. *TWTC*		87311L104			04/06/09		2,752
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Gregory J. Attorri --- For
	1.2	Elect Director Spencer B. Hays --- For
	1.3	Elect Director Larissa L. Herda --- For
	1.4	Elect Director Kevin W. Mooney ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO single trigger change-in-control.
	1.5	Elect Director Kirby G. Pickle ---
		Withhold
Mgmt Rec - Company Management Recommended Vote								Page 157

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Comp committee member during period of poor pay
		practices. CEO single trigger change-in-control.
	1.6	Elect Director Roscoe C. Young, II ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO single trigger change-in-control.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Adopt Shareholder Rights Plan (Poison		For	For		Mgmt
		Pill)
		NOL pill to preserve carry-over value in $1.1 bil in
		pre-tax losses. The NOLs will begin to expire at
		various times beginning in 2019 and ending in 2026.
		On a comparative level, as of Feb. 28, 2009, the
		company s market capitalization was approximately
		$1.2 billion
	5	Advisory Vote to Ratify Director's and		Against	For		ShrHoldr
		Officer's Compensation
06/22/09 - A	Tyco Electronics Ltd. *TEL*		G9144P105			04/03/09		1,419
	1	Elect Directors		For	For		Mgmt
	2	Approve Amended and Restated Tyco		For	For		Mgmt
		Electronics Ltd. 2007 Stock and
		Incentive Plan
	3	Approve Deloitte & Touche LLP as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
06/22/09 - S	Tyco Electronics Ltd. *TEL*		G9144P105			04/06/09		1,419
	1	Change Country of Incorporation from		For	For		Mgmt
		Bermuda to Switzerland
	2	Amend Bye-laws Re: Eliminate Certain		For	For		Mgmt
		Supermajority Vote Requirements
	3	Amend Bye-laws Re: Increase		For	For		Mgmt
		Registered Share Capital
	4	Approve Dividend of USD 0.16 Per		For	For		Mgmt
		Share Through a Reduction in Share
		Capital
	5	Approve Swiss Law as the Authoritative		For	For		Mgmt
		Governing Legislation
	6	Change Company Name to Tyco		For	For		Mgmt
		Electronics Ltd.
	7	Amend Corporate Purpose		For	For		Mgmt
	8	Adopt New Articles of Association		For	For		Mgmt
	9	Approve Schaffhausen, Switzerland as		For	For		Mgmt
		Principal Place of Business
	10	Appoint PricewaterhouseCoopers AG,		For	For		Mgmt
		Zurich as Special Auditor
Mgmt Rec - Company Management Recommended Vote								Page 158

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	11	Ratify Deloitte AG as Auditors		For	For		Mgmt
	12	Approve Additional Provisions to the		For	Against		Mgmt
		Articles of Association Re: Limit the
		Number of Shares that may be
		Registered
	13	Approve Additional Provisions to the		For	Against		Mgmt
		Articles of Association Re:
		Supermajority Vote and Amendment to
		the Provisions in Proposal 12
	14	Adjourn Meeting		For	For		Mgmt
04/21/09 - A	U.S. Bancorp *USB*		902973304			02/23/09		4,952
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Douglas M. Baker, Jr. ---
		For
	1.2	Elect Director Y. Marc Belton --- For
	1.3	Elect Director Richard K. Davis --- For
	1.4	Elect Director Joel W. Johnson --- For
	1.5	Elect Director David O'Maley --- For
	1.6	Elect Director O'dell M. Owens --- For
	1.7	Elect Director Craig D. Schnuck --- For
	1.8	Elect Director Patrick T. Stokes ---
		Against
		Comp committee member during period poor pay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		NEO CIC with tax gross-ups.
04/21/09 - A	UMB Financial Corp. *UMBF* 902788108					02/27/09		646
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		Against	For		ShrHoldr
04/29/09 -	UniCredit SpA (formerly		T95132105			04/23/09		15,873
A/S	Unicredito Italiano SpA)
		Ordinary Business
	1	Accept Financial Statements,		For	For		Mgmt
		Consolidated Financial Statements,
		and Statutory Reports
		In this case, the company has not yet disclosed a
		draft version of the annual report. Due to the lack of
		disclosure provided by the company, investors
		should consider whether an abstain vote, on Item 1,
Mgmt Rec - Company Management Recommended Vote								Page 159

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		is warranted to register discontent with the company.
		However, fiduciary voting obligations that apply,
		particularly for U.S.-based institutional investors, may
		preclude abstentions and require either a vote in
		support or against a voting resolution. Therefore, this
		resolution warrantsqualified support, as the issue is
		routine and typically unproblematic.
	2	Approve Allocation of Income		For	For		Mgmt
		Elect Directors - Vote Only One of
		the Following Slates
	3.1	Slate 1 - Submitted by Three		None	DoNotVote		Mgmt
		Foundation
		Each shareholder is allowed to vote one single list of
		candidates. Despite the strong profile of the
		candidates on this list, as slates under Item 3.2 has
		been presented by institutional investors and the
		candidates have a strong independent profile.
		Therefore, this item does not warrant support.
	3.2	Slate 2- Submitted by Institutional		None	For		Mgmt
		Investors
	4	Approve Remuneration of Directors and		For	For		Mgmt
		Committees Members
	5	Deliberations Pursuant to Article 2390		For	For		Mgmt
		of Civil Code Re: Decisions Inherent to
		Authorization of Board Members To
		Assume Positions In Competing
		Companies
	6	Approve Remuneration Policy		For	For		Mgmt
	7	Approve Stock Ownership Plan for the		For	For		Mgmt
		Employees of the Company
		Special Business
	1	Authorize Capital Increase with		For	For		Mgmt
		Preemptive Rights, Through the
		Capitalization of Reserves
	2	Amend Articles 5, 8, 23, and 30 of		For	For		Mgmt
		Company's Bylaws
		.
05/14/09 - A	Unilever N.V.		N8981F271			04/23/09		2,481
		Annual Meeting
	1	Receive Report of Management Board		None	None		Mgmt
		(Non-Voting)
	2	Approve Financial Statements and		For	For		Mgmt
		Allocation of Income
	3	Approve Discharge of Executive		For	For		Mgmt
		Directors
	4	Approve Discharge of Non-Executive		For	For		Mgmt
		Directors
	5	Elect L.A. Lawrence as Executive		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 160

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Director
	6	Elect P.G.J.M. Polman as Executive		For	For		Mgmt
		Director
	7	Reelect L. Brittan of Spennithorne as		For	For		Mgmt
		Non-Executive Director
	8	Reelect W. Dik as Non-Executive		For	For		Mgmt
		Director
	9	Reelect C.E. Golden as Non-Executive		For	For		Mgmt
		Director
	10	Reelect B.E. Grote as Non-Executive		For	For		Mgmt
		Director
	11	Reelect N. Murthy as Non-Executive		For	For		Mgmt
		Director
	12	Reelect H. Nyasulu as Non-Executive		For	For		Mgmt
		Director
	13	Reelect K.J. Storm as Non-Executive		For	For		Mgmt
		Director
	14	Reelect M. Treschow as Non-Executive		For	For		Mgmt
		Director
	15	Reelect J. van der Veer as Non-		For	For		Mgmt
		Executive Director
	16	Elect L.O. Fresco as Non-Executive		For	For		Mgmt
		Director
	17	Elect A.M. Fudge as Non-Executive		For	For		Mgmt
		Director
	18	Elect P. Walsh as Non-Executive		For	For		Mgmt
		Director
	19	Ratify PwC as Auditors		For	For		Mgmt
	20	Grant Board Authority to Issue Shares		For	For		Mgmt
		Up To 10 Percent of Issued Capital
		Plus Additional 10 Percent in Case of
		Takeover/Merger and
		Restricting/Excluding Preemptive
		Rights
	21	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	22	Approve Reduction in Share Capital by		For	For		Mgmt
		Cancellation of Shares
		Voting Item for Holders of Ordinary
		Shares or Depository Receipts
		Irrespective of Class of Shares Held
	23a	Amend Articles Re: Move to Quarterly		For	For		Mgmt
		Dividends
		Voting Item for Holders of Ordinary
		Shares or Depository Receipts Only
	23b	Amend Articles Re: Move to Quarterly		For	For		Mgmt
		Dividends
	24	Allow Questions		None	None		Mgmt
05/13/09 - A	Unilever plc		G92087165			None		1,945
	1	Accept Financial Statements and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 161

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 40.19 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect James Lawrence as Director		For	For		Mgmt
	5	Re-elect Paul Polman as Director		For	For		Mgmt
	6	Re-elect The Lord Brittan of		For	For		Mgmt
		Spennithorne as Director
	7	Re-elect Wim Dik as Director		For	For		Mgmt
	8	Re-elect Charles Golden as Director		For	For		Mgmt
	9	Re-elect Byron Grote as Director		For	For		Mgmt
	10	Re-elect Narayana Murthy as Director		For	For		Mgmt
	11	Re-elect Hixonia Nyasulu as Director		For	For		Mgmt
	12	Re-elect Kees Storm as Director		For	For		Mgmt
	13	Re-elect Michael Treschow as Director		For	For		Mgmt
	14	Re-elect Jeroen van der Veer as		For	For		Mgmt
		Director
	15	Elect Louise Fresco as Director		For	For		Mgmt
	16	Elect Ann Fudge as Director		For	For		Mgmt
	17	Elect Paul Walsh as Director		For	For		Mgmt
	18	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	19	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	20	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 13,290,000
	21	Subject to the Passing of the Previous		For	For		Mgmt
		Resolution, Authorise Issue of Equity or
		Equity-Linked Securities without Pre-
		emptive Rights up to Aggregate
		Nominal Amount of GBP 2,000,000
	22	Authorise 131,000,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	23	Auth. Company and its Subsidiaries to		For	For		Mgmt
		Make EU Political Donations to Political
		Parties and Independent Election
		Candidates up to GBP 0.1M, to Political
		Org. Other Than Political Parties up to
		GBP 0.1M and to Incur EU Political
		Expenditure up to GBP 0.1M
	24	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Days'
		Clear Notice
	25	Authorise Directors to Agree to Modify		For	For		Mgmt
		the Agreement Dated 28 June, 1946
		(as Amended by Supplemental
		Agreements Dated 20 July, 1951, 21
		December, 1981 and 15 May, 2006)
		with Unilever N.V. of the Netherlands
Mgmt Rec - Company Management Recommended Vote								Page 162

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		known as the Equalisation Agreement
05/13/09 - S	Unilever plc		G92087165			None		1,945
	1	Amend Unilever plc Equalisation		For	For		Mgmt
		Agreement
06/11/09 - A	Union Drilling, Inc. *UDRL*		90653P105			04/17/09		1,789
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/14/09 - A	Union Pacific Corp. *UNP*		907818108			03/06/09		1,443
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		that proposal will accomplish appropriate executive
		compensation controls with industory parameters or
		will improce shareholder returns.
04/29/09 - A	United Community Banks,		90984P105			03/13/09		2,923
	Inc. *UCBI*
	1	Elect Directors		For	For		Mgmt
	2	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	3	Ratify Auditors		For	For		Mgmt
05/07/09 - A	United Parcel Service, Inc.		911312106			03/09/09		2,828
	*UPS*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 5.20% exceeds allowable cap of 5.0%.
06/26/09 - A	United Therapeutics Corp.		91307C102			04/30/09		329
	*UTHR*
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Ray Kurzweil --- Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision).
Mgmt Rec - Company Management Recommended Vote								Page 163

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.2	Elect Director Martine Rothblatt, Ph.D. -
		-- Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision).
	1.3	Elect Director Louis Sullivan, M.D. ---
		Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision).
	2	Ratify Auditors		For	For		Mgmt
06/02/09 - A	UnitedHealth Group		91324P102			04/03/09		4,195
	Incorporated *UNH*
	1	Elect Director William C. Ballard, Jr.		For	For		Mgmt
	2	Elect Director Richard T. Burke		For	For		Mgmt
	3	Elect Director Robert J. Darretta		For	For		Mgmt
	4	Elect Director Stephen J. Hemsley		For	For		Mgmt
	5	Elect Director Michele J. Hooper		For	For		Mgmt
	6	Elect Director Douglas W. Leatherdale		For	For		Mgmt
	7	Elect Director Glenn M. Renwick		For	For		Mgmt
	8	Elect Director Kenneth I. Shine, M.D.		For	For		Mgmt
	9	Elect Director Gail R. Wilensky, Ph.D.		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
06/25/09 - A	Universal Display Corp.		91347P105			04/09/09		3,286
	*PANL*
	1	Elect Directors		For	For		Mgmt
	2	Approve Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
		All employees can purchase shares at 85% of F.M.V.
	3	Ratify Auditors		For	For		Mgmt
05/28/09 - A	Valhi, Inc. *VHI*		918905100			03/31/09		2,070
	1	Elect Directors		For	For		Mgmt
04/16/09 - A	ValueClick, Inc. *VCLK*		92046N102			02/17/09		1,461
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director James R. Zarley ---
		Withhold
		Approved option exchange (cash tender)that
		included NEOs without shareholder vote.
Mgmt Rec - Company Management Recommended Vote								Page 164

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.2	Elect Director David S. Buzby ---
		Withhold
		Approved option exchange (cash		tender)that
		included NEOs without shareholder vote.
	1.3	Elect Director Martin T. Hart ---
		Withhold
		Approved option exchange (cash		tender)that
		included NEOs without shareholder vote.
	1.4	Elect Director Tom A. Vadnais ---
		Withhold
		Approved option exchange (cash		tender)that
		included NEOs without shareholder vote.
	1.5	Elect Director Jeffrey F. Rayport ---
		Withhold
		Approved option exchange (cash		tender)that
		included NEOs without shareholder vote.
	1.6	Elect Director James R. Peters ---
		Withhold
		Approved option exchange (cash		tender)that
		included NEOs without shareholder vote.
	1.7	Elect Director James A. Crouthamel ---
		Withhold
		Approved option exchange (cash		tender)that
		included NEOs without shareholder vote.
05/07/09 - A	Verizon Communications 92343V104					03/09/09		7,564
	*VZ*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	4	Approve Omnibus Stock Plan		For	For		Mgmt
	5	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	6	Prohibit Executive Stock-Based Awards		Against	Against		ShrHoldr
		Overly restrictive; not the best way to achieve
		reasonable levels of executive compensation within
		market.
	7	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Currently have 25% right to call special meeting.
	8	Require Independent Board Chairman		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 165

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Lead director in place.
	9	Provide for Cumulative Voting		Against	Against		ShrHoldr
	10	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
		Overly restrictive; not the best way to achieve
		reasonable levels of executive life insurance benefits.
05/14/09 -	Vinci		F5879X108			05/11/09		727
A/S
		Ordinary Business
	1	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	2	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.62 per Share
	4	Authorize Payment of Dividends by		For	For		Mgmt
		Shares
	5	Ratify Appointment of Jean-Pierre		For	Against		Mgmt
		Lamoure as Director
		For this market, if the proposed board does not
		consist of a majority of independent directors, the
		election or reelection of any non-independent director
		(except the CEO) is not recommended. At Vinci, if all
		the elections proposed at this general meeting were
		approved, only 47 percent of the board of directors
		would be independent. As Michael Pragnell and
		Francois David are considered as independent, their
		reelections merit support. However, as Jean-Pierre
		Lamoure and Patrick Faure are not considered as
		independent , their reelections warrant shareholders
		opposition.
	6	Reelect Francois David as Director		For	For		Mgmt
	7	Reelect Patrick Faure as Director		For	Against		Mgmt
	8	Elect Michael Pragnell as Director		For	For		Mgmt
	9	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	10	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Financing of
		Prado Sud Railway Concession
	11	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Financing of
		Stade du Mans Concession
	12	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Financing
		Obtained by Arcour, Contractor of A19
		Highway
Mgmt Rec - Company Management Recommended Vote								Page 166

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	13	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Sale by Vinci to
		Vinci Concession of Its Participation to
		Aegean Motorway SA
	14	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Sale by Vinci to
		Vinci Concession of Its Participation to
		Olympia Odos
	15	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Sale by Vinci to
		Vinci Concession of Its Participation to
		Olympia Odos Operation
	16	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Sale by Vinci to
		Vinci Concession of Its Participation to
		Vinci Airports Holding
		Special Business
	17	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	18	Authorize Capitalization of Reserves for		For	For		Mgmt
		Bonus Issue or Increase in Par Value
	19	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 300 Million
	20	Authorize Issuance of Specific		For	For		Mgmt
		Convertible Bonds without Preemptive
		Rights Named OCEANE
	21	Approve Issuance of Convertible Bonds		For	For		Mgmt
		without Preemptive Rights Other than
		OCEANE
	22	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	23	Authorize Capital Increase of up to 10		For	Against		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
		Considering the potential issuance of share capital
		under Items 20 and 21, shareholders are advised to
		oppose this request as it would exceed the			20-
		percent limit set for issuances without preemptive
		rights.
	24	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	25	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for International Employees
	26	Authorize up to 1.5 Percent of Issued		For	For		Mgmt
		Capital for Use in Stock Option Plan
		Due to a potential dilution of 7.73 percent, which
		exceeds the 5-percent guideline, this proposal
Mgmt Rec - Company Management Recommended Vote								Page 167

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		warrants a vote against.
	27	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
04/30/09 -	Vivendi		F97982106			04/27/09		1,648
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Treatment of Losses and Allocation of		For	For		Mgmt
		Dividends of EUR 1.40 per Share
	4	Authorize Payment of Dividends by		For	For		Mgmt
		Shares
	5	Approve Auditors' Special Report		For	For		Mgmt
		Regarding Related-Party Transactions
	6	Approve Transaction with Jean-Bernard		For	For		Mgmt
		Levy Related to Severance Payments
	7	Elect Maureen Chiquet as Supervisory		For	For		Mgmt
		Board Member
	8	Elect Christophe de Margerie as		For	For		Mgmt
		Supervisory Board Member
	9	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	10	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	11	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 1.5 Billion
		+Capital increase with preemptive rights: The
		potential capital increase with preemptive rights
		under Item 11, amounts to EUR 1.5 billion, which
		represents 23.4 percent of issued share
		capital. The authorization is acceptable for
		issuances with preemptive rights. + Capital
		increase without preemptive rights: The
		proposed capital increases without preemptive rights
		and without binding priority requested amount to
		EUR 0.8 billion, which represents 12.4 percent of
		issued share capital. The proposal is acceptable for
		general requests to issue capital without preemptive
		rights. As this authority will be capped by Item
		11, the capital increase (up to 10 percent) without
		preemptive rights, under Item 14, is considered to be
		acceptable. + Oversubscription: The amount
		requested would not meet the limit set for issuances
		with preemptive rights under item 11 and would
Mgmt Rec - Company Management Recommended Vote								Page 168

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		represent 15 percent of issuances without
		preemptive rights, i.e. a total of 14.26 percent without
		preemptive rights.	As the additional potential
		capital does not exceed the the limit recommended
		by guidelines for general requests to issue capital
		without preemptive rights, the additional potential
		capital increases are acceptable.
	12	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 800 Million
	13	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Under Items 11 and
		12
	14	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	15	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
		Currently, the company's employees control 1.25
		percent of issued capital in terms of the Vivendi
		share purchase plans. Approval of this plan could
		increase employee participation to approximately
		3.66 percent. The potential dilution falls within
		guidelines for savings-related share purchase plans.
	16	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for Employees of
		International Subsidiaries
	17	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 800 Million for Bonus Issue
		or Increase in Par Value
	18	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
04/23/09 - A	Volkswagen AG (VW)		D94523145			04/02/09		202
		Meeting for Common and Preferred
		Shareholders; Only Common
		Shareholders Can Vote
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.93 per Common
		Share and EUR 1.99 per Preferred
		Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 169

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board for Fiscal 2008
	5	Elect Philipp Roesler to the Supervisory		For	Against		Mgmt
		Board
		At Volkswagen, only 10 percent of the board			is
		independent. Given this significant lack of
		independence, and the fact that this nominee is non-
		independent, a vote against the election of Philipp
		Roesler is warranted.
	6	Approve Creation of EUR 400 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	7	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 5
		Billion; Approve Creation of EUR 100
		Million Pool of Capital to Guarantee
		Conversion Rights
	8	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	9	Amend Articles Re: Convocation of		For	For		Mgmt
		General Meeting due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
	10	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
05/14/09 - A	Vornado Realty Trust *VNO*		929042109			03/13/09		2,113
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Steven Roth --- Withhold
		Failure to implement majority vote standard for
		director elections (submitted and passed by majority
		shareholders last two years).
	1.2	Elect Director Michael D. Fascitelli ---
		Withhold
		Failure to implement majority vote standard for
		director elections (submitted and passed by majority
		shareholders last two years).
	1.3	Elect Director Russell B. Wight, Jr. ---
		Withhold
		Failure to implement majority vote standard for
		director elections (submitted and passed by majority
		shareholders last two years).
	2	Ratify Auditors		For	For		Mgmt
	3	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
	4	Require Independent Board Chairman		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 170

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Lead director in place.
05/08/09 - A	Vulcan Materials Co. *VMC*		929160109			03/16/09		1,450
	1	Elect Directors		For	For		Mgmt
	2	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
		ISS recommeds against because plan			is
		administered by comp commitee with members that
		do not fit ISS definition of independance; no issues
		by PPC standards.
	3	Ratify Auditors		For	For		Mgmt
	4	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Overly restrictive.
04/08/09 - A	Waddell & Reed Financial,		930059100			02/11/09		1,408
	Inc. *WDR*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with other proposals supported by PPC.
06/05/09 - A	Wal-Mart Stores, Inc. *WMT*		931142103			04/09/09		10,378
	1	Elect Director Aida M. Alvarez		For	For		Mgmt
	2	Elect Director James W. Breyer		For	For		Mgmt
	3	Elect Director M. Michele Burns		For	For		Mgmt
	4	Elect Director James I. Cash, Jr.		For	For		Mgmt
	5	Elect Director Roger C. Corbett		For	For		Mgmt
	6	Elect Director Douglas N. Daft		For	For		Mgmt
	7	Elect Director Michael T. Duke		For	For		Mgmt
	8	Elect Director Gregory B. Penner		For	For		Mgmt
	9	Elect Director Allen I. Questrom		For	For		Mgmt
	10	Elect Director H. Lee Scott, Jr.		For	For		Mgmt
	11	Elect Director Arne M. Sorenson		For	For		Mgmt
	12	Elect Director Jim C. Walton		For	For		Mgmt
	13	Elect Director S. Robson Walton		For	For		Mgmt
	14	Elect Director Christopher J. Williams		For	For		Mgmt
	15	Elect Director Linda S. Wolf		For	For		Mgmt
	16	Ratify Auditors		For	For		Mgmt
	17	Amend EEO Policy to Prohibit		Against	Against		ShrHoldr
		Discrimination based on Sexual
		Orientation and Gender Identity
		Management responded meaningfully; no evidenmce
		proposal will result in improved shareholder returns.
		Two gender discrimination cases are in the courts;
Mgmt Rec - Company Management Recommended Vote								Page 171

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		however, there is no ruling yet and no evidence that
		proposal would prevent any future legal actions.
	18	Pay For Superior Performance		Against	Against		ShrHoldr
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	19	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	20	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	21	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Currently, shareholders have right to act by written
		consent.
	22	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
04/23/09 - A	Walter Energy Inc. *WLT*		93317Q105			03/02/09		902
	1	Elect Directors		For	For		Mgmt
	2	Change Company Name		For	For		Mgmt
	3	Authorize New Class of Preferred Stock		For	For		Mgmt
		Declawed (will not be used for anti-takeover without
		shareholder vote).
	4	Approve Shareholder Rights Plan		For	For		Mgmt
		(Poison Pill)
		20% trigger, redemption rights, qulaified offer clause,
		sunset provision, no dead/slow hand, good corporate
		governance.
	5	Amend Omnibus Stock Plan		For	For		Mgmt
04/28/09 - A	Wells Fargo and Company		949746101			02/27/09		7,825
	*WFC*
	1	Elect Director John D. Baker II		For	For		Mgmt
	2	Elect Director John S. Chen		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	3	Elect Director Lloyd H. Dean		For	For		Mgmt
	4	Elect Director Susan E. Engel		For	Against		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 172

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Comp committee member during period of poor pay
		practices.
	5	Elect Director Enrique Hernandez, Jr.		For	For		Mgmt
	6	Elect Director Donald M. James		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	7	Elect Director Robert L. Joss		For	For		Mgmt
	8	Elect Director Richard M. Kovacevich		For	For		Mgmt
	9	Elect Director Richard D. McCormick		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	10	Elect Director Mackey J. McDonald		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	11	Elect Director Cynthia H. Milligan		For	For		Mgmt
	12	Elect Director Nicholas G. Moore		For	For		Mgmt
	13	Elect Director Philip J. Quigley		For	For		Mgmt
	14	Elect Director Donald B. Rice		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	15	Elect Director Judith M. Runstad		For	For		Mgmt
	16	Elect Director Stephen W. Sanger		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	17	Elect Director Robert K. Steel		For	For		Mgmt
	18	Elect Director John G. Stumpf		For	For		Mgmt
	19	Elect Director Susan G. Swenson		For	For		Mgmt
	20	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Modified single-trigger change-in-control.
	21	Ratify Auditors		For	For		Mgmt
	22	Amend Omnibus Stock Plan		For	Against		Mgmt
	23	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director already in place.
	24	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compiance with current law or that proposal
		will result in improved shareholder returns.
04/23/09 - A	Westamerica Bancorporation 957090103					02/23/09		504
	*WABC*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Etta Allen --- For
	1.2	Elect Director Louis E. Bartolini --- For
Mgmt Rec - Company Management Recommended Vote								Page 173

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.3	Elect Director E. Joseph Bowler --- For
	1.4	Elect Director Arthur C. Latno, Jr. ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.5	Elect Director Patrick D. Lynch ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director Catherine Cope
		MacMillan --- For
	1.7	Elect Director Ronald A. Nelson ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.8	Elect Director David L. Payne --- For
	1.9	Elect Director Edward B. Sylvester ---
		For
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Advisory Vote on Executive		For	Against		Mgmt
		Compensation
		Poor pay practices.
05/21/09 - A	Westar Energy, Inc. *WR*		95709T100			03/23/09		2,127
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 2.27% is within allowable cap of
		5.00%.
05/13/09 - A	Westinghouse Air Brake		929740108			03/18/09		726
	Technologies Corp *WAB*
	1	Elect Directors		For	For		Mgmt
04/16/09 - A	Weyerhaeuser Co. *WY*		962166104			02/20/09		2,847
	1	Elect Directors		For	For		Mgmt
	2	Require Independent Board Chairman		Against	For		ShrHoldr
		No lead dirctor.
	3	Reduce Supermajority Vote		Against	For		ShrHoldr
		Requirement
	4	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 174

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/05/09 - A	Whiting Petroleum Corp.		966387102			03/13/09		767
	*WLL*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/01/09 - A	Woodside Petroleum Ltd.		980228100			04/29/09		757
	*WPL*
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for the Financial Year
		Ended Dec. 31, 2008
	2(a)	Elect Michael Alfred Chaney as a		For	For		Mgmt
		Director
	2(b)	Elect Erich Fraunschiel as a Director		For	For		Mgmt
	2(c)	Elect Pierre Jean-Marie Henri Jungels		For	For		Mgmt
		as a Director
	2(d)	Elect David Ian McEvoy as a Director		For	For		Mgmt
	2(e)	Elect Melinda Ann Cilento as a Director		For	For		Mgmt
	2(f)	Elect Ian Robertson as a Director		For	For		Mgmt
	3	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended Dec. 31, 2008
05/21/09 - A	Xerox Corporation *XRX*		984121103			03/23/09		12,424
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/05/09 - A	Xstrata plc		G9826T102			None		961
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
		Vote Recommendation Xstrata's general
		remuneration policy has not changed materially over
		the previous year and shareholders comfortable with
		the Company's broad approach may decide that the
		remuneration report is worthy of continued
		support. However, there is a case for a different
		approach for 2009 taking into account concern over
		the following issues, some relating to existing
		arrangements no longer meeting current good
		practice and others due to specific non-routine
		actions taken in 2008: - The 50% level of
		threshold vesting for median comparative TSR
		performance in the LTIP is not in line with good UK
		practice. This was raised as a concern prior to the
		2008 AGM. Although it is recognised that the LTIP is
		not a new plan, the Company is encouraged to take
		the opportunity over the coming year to amend the
		TSR performance condition. Furthermore, the plan
		should also be changed to ensure that performance
Mgmt Rec - Company Management Recommended Vote								Page 175

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		conditions apply in the event of a change of
		control. - The service contracts for the executive
		directors include the potential for payments on
		termination well in excess of one year's salary when
		pension and bonus entitlements are taken into
		account. Guidance issued by the NAPF and the ABI
		in 2008 indicates a preference for severance
		payments arising from poor corporate performance to
		not extend beyond basic salary. - The Company
		has significantly increased pension contributions for
		the CEO and CFO for 2008. The Company's
		explanation for these increases links them to revised
		estimates of the amounts required to provide the
		targeted benefits under the scheme, based on
		actuarial assumptions. While this is understandable,
		the assumptions are not disclosed to shareholders
		and therefore it is difficult to make an external
		judgement on the appropriateness of such large
		increases. - The Company has made significant
		retention awards to two executive directors during
		2008. These awards comprise non-performance
		linked cash bonuses (payable in May 2009) and
		enhancements to normal LTIP grants. In general, the
		view of institutional shareholders is that retention
		payments are rarely justified. An obvious question is
		why such awards are considered necessary in the
		context of a remuneration policy which can provide
		substantial rewards in the event of outperformance.
		A particular concern in this case is that two methods
		of encouraging retention have been chosen, one of
		which is not tied to performance. In any event, it is
		not good practice for a company to have made
		significant awards of this nature without adequate
		disclosure and transparency. In light of these
		issues, shareholders are advised to vote against the
		remuneration report. The Company's performance
		during 2008 and the decision to seek additional funds
		from shareholders in the recent rights issue has been
		taken into account when making this
		recommendation.
	3	Re-elect Ivan Glasenberg as Director		For	For		Mgmt
		Vote Recommendation In line with normal policy
		guidelines, shareholders are recommended to vote
		FOR this candidate. This is with an expectation that
		the Board reconstitutes the Nominations Committee
		in line with the Combined Code. The
		controversial nature of the deal with Glencore earlier
		in the year is recognised but a vote against this
		Glencore nominee is not felt to be appropriate at this
		time. The deal was worthy of support given Xstrata's
		financial situation, the overall positive impact of the
Mgmt Rec - Company Management Recommended Vote								Page 176

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		proposals and the limitations posed by the
		Company's ownership structure. However, the
		controversial circumstances surrounding the
		transaction and Xstrata's relationship with Glencore
		are being highlighted via a CONTENTIOUS FOR
		recommendation. [Vote Recommendation:
		CONTENTIOUS FOR]
	4	Re-elect Trevor Reid as Director		For	For		Mgmt
	5	Re-elect Santiago Zaldumbide as		For	For		Mgmt
		Director
	6	Elect Peter Hooley as Director		For	For		Mgmt
	7	Reappoint Ernst & Young LLP as		For	For		Mgmt
		Auditors and Authorise Board to Fix
		Their Remuneration
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 488,835,270 in
		Connection with an Offer by Way of
		Rights Issue; Otherwise up to USD
		488,835,270
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 73,325,290.50
06/25/09 - A	Yahoo!, Inc. *YHOO*		984332106			04/27/09		3,775
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Carol Bartz --- For
	1.2	Elect Director Frank J. Biondi, Jr. ---
		For
	1.3	Elect Director Roy J. Bostock --- For
	1.4	Elect Director Ronald W. Burkle --- For
	1.5	Elect Director John H. Chapple --- For
	1.6	Elect Director Eric Hippeau --- For
	1.7	Elect Director Carl C. Icahn --- Against
		Sits on 8 boards; no mitigating circumstances
		disclosed.
	1.8	Elect Director Vyomesh Joshi --- For
	1.9	Elect Director Arthur H. Kern --- For
	1.10	Elect Director Mary Agnes Wilderotter -
		-- For
	1.11	Elect Director Gary L. Wilson --- For
	1.12	Elect Director Jerry Yang --- For
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 177

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence 2040 ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
05/04/09 - A	Zimmer Holdings Inc *ZMH*		98956P102			03/05/09		758
	1	Elect Director Betsy J. Bernard		For	For		Mgmt
	2	Elect Director Marc N. Casper		For	For		Mgmt
	3	Elect Director David C. Dvorak		For	For		Mgmt
	4	Elect Director Robert A. Hagemann		For	For		Mgmt
	5	Elect Director Arthur J. Higgins		For	For		Mgmt
	6	Elect Director Cecil B. Pickett		For	For		Mgmt
	7	Elect Director Augustus A. White, III		For	For		Mgmt
	8	Ratify Auditors		For	For		Mgmt
	9	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 6.65% is within allowable cap of
		7.26%.
	10	Amend Non-Employee Director		For	For		Mgmt
		Omnibus Stock Plan
		Plan's cost of 5.39% is within allowable cap of
		7.26%.
	11	Amend Deferred Compensation Plan		For	For		Mgmt
		Plan's cost of 5.32% is within allowable cap of
		7.26%.
Mgmt Rec - Company Management Recommended Vote								Page 178

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
07/10/08 - A	Greenlight Capital Re, Ltd.		G4095J109			06/02/08		389
	*GLRE*
		This is a duplicate meeting for ballots
		received via the Broadridge North
		American Ballot distribution system.
	1	TO ELECT SEVEN DIRECTORS OF		For	For		Mgmt
		THE COMPANY TO SERVE ON THE
		BOARD OF DIRECTORS UNTIL THE
		ANNUAL GENERAL MEETING OF
		SHAREHOLDERS IN 2009.
	2	TO ELECT SEVEN DIRECTORS OF		For	For		Mgmt
		GREENLIGHT REINSURANCE, LTD.,
		OR GREENLIGHT RE. TO SERVE ON
		THE BOARD UNTIL THE ANNUAL
		GENERAL MEETING OF
		SHAREHOLDERS IN 2009 OF
		GREENLIGHT RE.
	3	TO AMEND ARTICLE 11 OF THE		For	Against		Mgmt
		COMPANY S THIRD AMENDED AND
		RESTATED ARTICLES OF
		ASSOCIATION AS SET FORTH IN
		EXHIBIT A TO THE PROXY
		STATEMENT.
	4	RATIFY AUDITORS		For	For		Mgmt
	5	RATIFY AUDITORS		For	For		Mgmt
07/15/08 - S	Macrovision Solutions Corp.		55611C108			06/09/08		169
	*MVSN*
	1	Approve Omnibus Stock Plan		For	Against		Mgmt
	2	Approve Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
07/16/08 - A	BT Group plc		G16612106			None		688
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 10.4 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect Hanif Lalani as Director		For	For		Mgmt
	5	Re-elect Carl Symon as Director		For	For		Mgmt
	6	Elect Sir Michael Rake as Director		For	For		Mgmt
	7	Elect Gavin Patterson as Director		For	For		Mgmt
	8	Elect Eric Daniels as Director		For	For		Mgmt
	9	Elect Patricia Hewitt as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 1

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of GBP 127,000,000
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of GBP 21,000,000
	14	Authorise 774,000,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	15	Authorise British Telecommunications		For	For		Mgmt
		plc to Make EU Political Donations to
		Political Parties and/or Independent
		Election Candidates up to GBP 75,000
		and to Political Organisations Other
		Than Political Parties up to GBP 25,000
07/18/08 - A	Constellation Energy Group,		210371100			04/28/08		25
	Inc. *CEG*
	1	Elect Director Yves C. de Balmann		For	For		Mgmt
	2	Elect Director Douglas L. Becker		For	For		Mgmt
	3	Elect Director Ann C. Berzin		For	For		Mgmt
	4	Elect Director James T. Brady		For	For		Mgmt
	5	Elect Director Edward A. Crooke		For	For		Mgmt
	6	Elect Director James R. Curtiss		For	For		Mgmt
	7	Elect Director Freeman A. Hrabowski, III		For	For		Mgmt
	8	Elect Director Nancy Lampton		For	For		Mgmt
	9	Elect Director Robert J. Lawless		For	For		Mgmt
	10	Elect Director Lynn M. Martin		For	For		Mgmt
	11	Elect Director Mayo A. Shattuck, III		For	For		Mgmt
	12	Elect Director John L. Skolds		For	For		Mgmt
	13	Elect Director Michael D. Sullivan		For	For		Mgmt
	14	Ratify Auditors		For	For		Mgmt
	15	Increase Authorized Common Stock		For	Against		Mgmt
07/23/08 - A	McKesson Corporation		58155Q103			05/30/08		60
	*MCK*
	1	Elect Director Andy D. Bryant		For	For		Mgmt
	2	Elect Director Wayne A. Budd		For	For		Mgmt
	3	Elect Director John H. Hammergren		For	For		Mgmt
	4	Elect Director Alton F. Irby III		For	For		Mgmt
	5	Elect Director M. Christine Jacobs		For	For		Mgmt
	6	Elect Director Marie L. Knowles		For	For		Mgmt
	7	Elect Director David M. Lawrence		For	For		Mgmt
	8	Elect Director Edward A. Mueller		For	For		Mgmt
	9	Elect Director James V. Napier		For	For		Mgmt
	10	Elect Director Jane E. Shaw		For	For		Mgmt
	11	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 2

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
07/24/08 - A	Steris Corp. *STE*		859152100			06/02/08		202
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
07/28/08 -	Carrefour		F13923119			07/23/08		42
A/S
		Ordinary Business
	1	Ratify Appointment of Bernard Arnault		For	For		Mgmt
		as Supervisory Board Member
		Special Business
	2	Adopt One-Tiered Board Structure		For	For		Mgmt
	3	Amend Article of Bylaws Re: Allocation		For	For		Mgmt
		of Income
	4	Adopt New Articles of Association		For	For		Mgmt
	5	Transfer to the Board of Directors		For	Against		Mgmt
		Outstanding Authorizations
		Ordinary Business
	6	Transfer to the Board of Directors		For	Against		Mgmt
		Authorizations Previously Granted
		Regarding the Repurchase Share
		Program
	7	Elect Rene Abate as Director		For	For		Mgmt
	8	Elect Bernard Arnault as Director		For	For		Mgmt
	9	Elect Sebastien Bazin as Director		For	For		Mgmt
	10	Elect Nicolas Bazire as Director		For	For		Mgmt
	11	Elect Jean-Laurent Bonnafe as Director		For	For		Mgmt
	12	Elect Thierry Breton as Director		For	For		Mgmt
	13	Elect Rene Brillet as Director		For	For		Mgmt
	14	Elect Charles Edelstenne as Director		For	For		Mgmt
	15	Elect Jean-Martin Folz as Director		For	For		Mgmt
	16	Elect Jose Luis Leal Maldonado as		For	For		Mgmt
		Director
	17	Elect Amaury de Seze as Director		For	For		Mgmt
	18	Elect Anne-Claire Taittinger as Director		For	For		Mgmt
	19	Acknowledge The length of Mandate of		For	For		Mgmt
		Directors
	20	Approve Remuneration of Directors in		For	For		Mgmt
		the Aggregate Amount of EUR 900,000
	21	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
07/28/08 - A	National Grid plc		G6375K151			None		515
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Final Dividend of 21.3 Pence		For	For		Mgmt
		Per Ordinary Share
	3	Elect Bob Catell as Director		For	For		Mgmt
	4	Elect Tom King as Director		For	For		Mgmt
	5	Elect Philip Aiken as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 3

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6	Re-elect John Allan as Director		For	For		Mgmt
	7	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	8	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	9	Approve Remuneration Report		For	For		Mgmt
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of GBP 94,936,979
	11	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of GBP 14,240,547
	12	Authorise 249,936,128 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	13	Adopt New Articles of Association		For	For		Mgmt
07/29/08 - A	Vodafone Group plc		G93882135			None		8,992
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Re-elect Sir John Bond as Director		For	For		Mgmt
	3	Re-elect John Buchanan as Director		For	For		Mgmt
	4	Re-elect Vittorio Colao as Director		For	For		Mgmt
	5	Re-elect Andy Halford as Director		For	For		Mgmt
	6	Re-elect Alan Jebson as Director		For	For		Mgmt
	7	Re-elect Nick Land as Director		For	For		Mgmt
	8	Re-elect Anne Lauvergeon as Director		For	For		Mgmt
	9	Re-elect Simon Murray as Director		For	For		Mgmt
	10	Re-elect Luc Vandevelde as Director		For	For		Mgmt
	11	Re-elect Anthony Watson as Director		For	For		Mgmt
	12	Re-elect Philip Yea as Director		For	For		Mgmt
	13	Approve Final Dividend of 5.02 Pence		For	For		Mgmt
		Per Ordinary Share
	14	Approve Remuneration Report		For	For		Mgmt
	15	Reappoint Deloitte & Touche LLP as		For	For		Mgmt
		Auditors of the Company
	16	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	17	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 1,100,000,000
	18	Subject to the Passing of Resolution 17,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 300,000,000
	19	Authorise 5,300,000,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	20	Authorise the Company and its		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 4

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Subsidiaries to Make EU Political
		Donations to Political Parties, and/or
		Independent Election Candidates, to
		Political Organisations Other Than
		Political Parties and Incur EU Political
		Expenditure up to GBP 100,000
	21	Amend Articles of Association		For	For		Mgmt
	22	Approve Vodafone Group 2008		For	For		Mgmt
		Sharesave Plan
08/05/08 - A	Apollo Investment		03761U106			06/19/08		412
	Corporation
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Authorize Company to Sell Shares		For	For		Mgmt
		Below Net Asset Value
08/18/08 - S	CME Group Inc. *CME*		12572Q105			07/18/08		26
	1	Approve Increase in Size of Board		For	For		Mgmt
	2	Issue Shares in Connection with		For	For		Mgmt
		Acquisition
	3	Adjourn Meeting		For	For		Mgmt
09/09/08 - S	Illumina, Inc. *ILMN*		452327109			07/28/08		111
	1	Increase Authorized Common Stock		For	For		Mgmt
09/11/08 - A	American Science and		029429107			07/28/08		116
	Engineering, Inc. *ASEI*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
09/19/08 - A	SHIP FINANCE		G81075106			07/11/08		125
	INTERNATIONAL LTD *SFL*
		This is a duplicate meeting for ballots
		received via the Broadridge North
		American Ballot distribution system.
	1	Elect Directors		For	Split		Mgmt
	1.1	ELECT DIRECTOR TOR OLAV TROIM
		--- Withhold
	1.2	ELECT DIRECTOR PAUL LEAND JR. --
		- For
	1.3	ELECT KATE BLANKENSHIP ---
		Withhold
	1.4	ELECT DIRECTOR CRAIG H.
		STEVENSON JR. --- For
Mgmt Rec - Company Management Recommended Vote								Page 5

Vote Summary Report
Jul 01, 2008 - Sep 30, 2008
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.5	ELECT DIRECTOR HANS PETTER
		AAS --- For
	2	PROPOSAL TO APPOINT MOORE		For	For		Mgmt
		STEPHENS PC AS AUDITORS ANDTO
		AUTHORIZE THE BOARD OF
		DIRECTORS TO DETERMINE
		THEIRREMUNERATION.
	3	PROPOSAL TO APPROVE THE		For	For		Mgmt
		REMUNERATION OF THE COMPANY
		S BOARD OF DIRECTORS FOR THE
		YEAR ENDING DECEMBER 31, 2008.
Mgmt Rec - Company Management Recommended Vote								Page 6

Vote Summary Report
Oct 01, 2008 - Dec 31, 2008
TDAX Independence In-Target ETF Composite
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
- A	Alpha Natural Resources,	02076X102					109
	Inc. *ANR*
- A	Archer-Daniels-Midland	039483102					305
	Company *ADM*
- A	Bank of America Corp. *BAC*	060505104					1,189
- A	Barclays plc	G08036124					1,156
- A	BHP Billiton Limited	Q1498M100					515
	(Formerly BHP Ltd.) *BHP*
- A	BHP Billiton plc	G10877101					364
- A	BNP Paribas	F1058Q238					126
- A	Cisco Systems, Inc. *CSCO*	17275R102					1,804
- A	Commonwealth Bank Of	Q26915100					160
	Australia *CBA*
- A	Devry Inc. *DV*	251893103					136
- A	Diageo plc	G42089113					365
- A	Fifth Third Bancorp *FITB*	316773100					674
- A	Fortis SA/NV	B4399L102					890
- A	Fortis SA/NV	B4399L102					890
- A	Hovnanian Enterprises, Inc.	442487203					628
	*HOV*
Mgmt Rec - Company Management Recommended Vote							Page 1

Vote Summary Report
Oct 01, 2008 - Dec 31, 2008
TDAX Independence In-Target ETF Composite
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
- A	Lloyds TSB Group plc	G5542W106					970
- A	Micros Systems, Inc. *MCRS*	594901100					211
- A	Microsoft Corp. *MSFT*	594918104					3,151
- A	MOSAIC CO *MOS*	61945A107					155
- A	Myriad Genetics, Inc. *MYGN*	62855J104					74
- A	National Australia Bank	Q65336119					230
	Limited *NAB*
- A	Perrigo Co. *PRGO*	714290103					195
- A	Tercica Inc	88078L105					574
- A	The Procter & Gamble	742718109					920
	Company *PG*
- A	The Royal Bank of Scotland	G76891111					1,666
	Group plc
- A	UniCredit SpA (formerly	T95132105					1,576
	Unicredito Italiano SpA)
- A	Unilever N.V.	N8981F271					245
- A	Unilever plc	G92087165					196
- A	Westpac Banking	Q97417101					263
	Corporation *WBC*
Mgmt Rec - Company Management Recommended Vote							Page 2

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
01/12/09 - A	Aruba Networks Inc *ARUN*		043176106			11/13/08		983
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/16/09 - S	Time Warner Inc *TWX*		887317105			11/20/08		1,066
	1	Approve Reverse Stock Split		For	For		Mgmt
01/21/09 - A	Johnson Controls, Inc. *JCI*		478366107			11/20/08		198
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Adopt Policy to Obtain Shareholder		Against	Against		ShrHoldr
		Approval of Survivor Benefits
01/22/09 - A	Woodward Governor		980745103			11/24/08		137
	Company *WGOV*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/25/09 - S	Banco Santander S.A.		E19790109			None		547
	1	Approve EUR 88.7 Million Capital		For	For		Mgmt
		Increase via Issuance of 177.4 Million
		New Common Shares with EUR 0.5 Par
		Value Each and a Share Issuance
		Premium to be Determined by the
		Board, in Accordance with Article
		159.1c of Spanish Companies Law
	2	Approve Delivery of 100 Banco		For	For		Mgmt
		Santander Shares to Each Employee of
		the Abbey National plc.subgroup as
		Special Bonus at the Completion of the
		Acquisition of the Retail Deposits and
		Branch and Distribution Networks of the
		Bradford & Bingley plc. Group
	3	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
01/27/09 - A	Dawson Geophysical		239359102			11/28/08		99
	Company *DWSN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
01/27/09 - C	Foster Wheeler AG *FWLT*		G36535139			12/15/08		239
		Duplicate meeting for ballots
		received via Broadridge North
		American Ballot distribution system.
Mgmt Rec - Company Management Recommended Vote								Page 1

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1	APPROVAL OF THE SCHEME OF		For	For		Mgmt
		ARRANGEMENT (THE
		REDOMESTICATION).
	2	APPROVAL OF THE MOTION TO		For	For		Mgmt
		ADJOURN THE MEETING TO A
		LATER DATE TO SOLICIT
		ADDITIONAL PROXIES IF THERE ARE
		INSUFFICIENT VOTES AT THE TIME
		OF THE MEETING TO APPROVE THE
		SCHEME OF ARRANGEMENT.
01/27/09 - A	Siemens AG		D69671218			None		86
	1	Receive Supervisory Board Report,		None	None		Mgmt
		Corporate Governance Report,
		Remuneration Report, and Compliance
		Report for Fiscal 2007/2008 (Non-
		Voting)
	2	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2007/2008
		(Non-Voting)
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.60 per Share
	4.1	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Rudi
		Lamprecht for Fiscal 2007/2008
	4.2	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Juergen
		Radomski for Fiscal 2007/2008
	4.3	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Uriel
		Sharef for Fiscal 2007/2008
	4.4	Postpone Discharge of Former		For	For		Mgmt
		Management Board Member Klaus
		Wucherer for Fiscal 2007/2008
	4.5	Approve Discharge of Management		For	For		Mgmt
		Board Member Peter Loescher for
		Fiscal 2007/2008
	4.6	Approve Discharge of Management		For	For		Mgmt
		Board Member Wolfgang Dehen for
		Fiscal 2007/2008
	4.7	Approve Discharge of Management		For	For		Mgmt
		Board Member Heinrich Hiesinger for
		Fiscal 2007/2008
	4.8	Approve Discharge of Management		For	For		Mgmt
		Board Member Joe Kaeser for Fiscal
		2007/2008
	4.9	Approve Discharge of Former		For	For		Mgmt
		Management Board Member Eduardo
		Montes for Fiscal 2007/2008
	4.10	Approve Discharge of Former		For	For		Mgmt
		Management Board Member Jim Reid-
Mgmt Rec - Company Management Recommended Vote								Page 2

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Anderson for Fiscal 2007/2008
	4.11	Approve Discharge of Former		For	For		Mgmt
		Management Board Member Erich R.
		Reinhardt for Fiscal 2007/2008
	4.12	Approve Discharge of Management		For	For		Mgmt
		Board Member Hermann Requardt for
		Fiscal 2007/2008
	4.13	Approve Discharge of Management		For	For		Mgmt
		Board Member Siegfried Russwurm for
		Fiscal 2007/2008
	4.14	Approve Discharge of Management		For	For		Mgmt
		Board Member Peter Y. Solmssen for
		Fiscal 2007/2008
	5.1	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Gerhard Cromme for
		Fiscal 2007/2008
	5.2	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Ralf Heckmann for
		Fiscal 2007/2008
	5.3	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Josef Ackermann for
		Fiscal 2007/2008
	5.4	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Lothar Adler for Fiscal
		2007/2008
	5.5	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Jean-Louis Beffa for
		Fiscal 2007/2008
	5.6	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Gerhard
		Bieletzki for Fiscal 2007/2008
	5.7	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Gerd von Brandenstein
		for Fiscal 2007/2008
	5.8	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member John David
		Coombe for Fiscal 2007/2008
	5.9	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Hildegard
		Cornudet for Fiscal 2007/2008
	5.10	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Michael Diekmann for
		Fiscal 2007/2008
	5.11	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Hans Michael Gaul for
		Fiscal 2007/2008
	5.12	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Birgit Grube
		for Fiscal 2007/2008
	5.13	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Peter Gruss for Fiscal
		2007/2008
Mgmt Rec - Company Management Recommended Vote								Page 3

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	5.14	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Bettina Haller for Fiscal
		2007/2008
	5.15	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Heinz Hawreliuk for
		Fiscal 2007/2008
	5.16	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Berthold Huber for
		Fiscal 2007/2008
	5.17	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Harald Kern for Fiscal
		2007/2008
	5.18	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Walter
		Kroell for Fiscal 2007/2008
	5.19	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Nicola Leibinger-
		Kammueller for Fiscal 2007/2008
	5.20	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Michael
		Mirow for Fiscal 2007/2008
	5.21	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Werner Moenius for
		Fiscal 2007/2008
	5.22	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Roland
		Motzigemba for Fiscal 2007/2008
	5.23	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Thomas
		Rackow for Fiscal 2007/2008
	5.24	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Hakan Samuelsson for
		Fiscal 2007/2008
	5.25	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Dieter Scheitor for Fiscal
		2007/2008
	5.26	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Albrecht
		Schmidt for Fiscal 2007/2008
	5.27	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Henning Schulte-Noelle
		for Fiscal 2007/2008
	5.28	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Rainer Sieg for Fiscal
		2007/2008
	5.29	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Peter von
		Siemens for Fiscal 2007/2008
	5.30	Approve Discharge of Former		For	For		Mgmt
		Supervisory Board Member Jerry I.
		Speyer for Fiscal 2007/2008
	5.31	Approve Discharge of Supervisory		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 4

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board Member Birgit Steinborn for
		Fiscal 2007/2008
	5.32	Approve Discharge of Supervisory		For	For		Mgmt
		Board Member Iain Vallance of Tummel
		for Fiscal 2007/2008
	6	Ratify Ernst & Young AG as Auditors for		For	For		Mgmt
		Fiscal 2008/2009
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Authorize Use of Financial Derivatives		For	For		Mgmt
		of up to 5 Percent of Issued Share
		Capital When Repurchasing Shares
	9	Approve Creation of EUR 520.8 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	10	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 15
		Billion; Approve Creation of EUR 600
		Million Pool of Capital to Guarantee
		Conversion Rights
	11	Approve Remuneration of Supervisory		For	For		Mgmt
		Board
	12	Amend Articles Re: Decision Making of		For	For		Mgmt
		General Meeting
01/29/09 - S	Blyth, Inc. *BTH*		09643P108			12/03/08		352
	1	Approve Reverse Stock Split		For	For		Mgmt
	2	Reduce Authorized Common Stock		For	For		Mgmt
01/30/09 - A	Nuance Communications,		67020Y100			12/02/08		399
	Inc. *NUAN*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
02/03/09 - A	Emerson Electric Co. *EMR*		291011104			11/25/08		221
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
02/05/09 - A	Beacon Roofing Supply, Inc.		073685109			12/10/08		414
	*BECN*
	1	Elect Directors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 5

Vote Summary Report Jan 01, 2009 - Mar 31, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
02/11/09 - S	Fortis SA/NV		B4399L102			None		158
		Special Meeting Agenda
	1	Open Meeting (Non-Voting)		None	None		Mgmt
		Proposals Made by Committee of
		Experts Appointed By Court of
		Appeal of Brussels
	2.1	Receive Special Board Report (Non-		None	None		Mgmt
		Voting)
	2.2	Receive Interim Report of Committee of		None	None		Mgmt
		Experts (Non-Voting)
	2.3	Receive Board Comments on Interim		None	None		Mgmt
		Report of Committee of Experts (Non-
		Voting)
	2.4	Proposal to Vote on Item 2.5 (Voting)		None	For		Mgmt
	2.5	Approve Sale of 100 Percent of the		None	For		Mgmt
		Shares of Fortis Bank Nederland N.V.,
		Fortis Verzekeringen Nederland N.V.
		and Fortis Corporate Insurance N.V. to
		the Dutch State on Oct. 3, 2008 (Voting)
	2.6	Proposal to Vote on Item 2.7 (Voting)		None	For		Mgmt
	2.7	Approve Sale of 50 Percent Plus One		None	For		Mgmt
		Share of Fortis Bank SA/NV to the
		Federal Participation and Investment
		Corporation on Oct. 10, 2008, and the
		Transactions To Be Entered into with
		the Federal Participation and
		Investment Corporation (Voting)
	2.8	Proposal to Vote on Item 2.8 (Voting)		None	For		Mgmt
	2.9	Approve Sale of 100 Percent of the		None	For		Mgmt
		Shares of Fortis Insurance Belgium
		SA/NV to BNP Paribas on Oct. 10,
		2008, and the Transactions To Be
		Entered into with BNP Paribas and the
		Federal Participation and Investment
		Corporation (Voting)
02/11/09 - S	Fortis SA/NV		B4399L102			None		158
		Special Meeting Agenda
		Management Nominees Up for Board
		Election
	3	Elect Directors		For	For		Mgmt
		Shareholder Nominees Up for Board
		Election
	3.3	Elect Philippe Casier as Director		None	For		ShrHoldr
		(Voting)
	3.4	Elect Jozef De Mey as Director (Voting)		None	For		ShrHoldr
	3.5	Elect Andrew Doman as Director		None	For		ShrHoldr
		(Voting)
	3.6	Elect Georges Ugeux as Director		None	For		ShrHoldr
		(Voting)
Mgmt Rec - Company Management Recommended Vote								Page 6

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3.7	Elect Dirk van Daele as Director		None	Against		ShrHoldr
		(Voting)
	3.8	Elect Jan Zegering Hadders as Director		None	For		ShrHoldr
		(Voting)
	4	Close Meeting (Non-Voting)		None	None		Mgmt
02/13/09 - S	Quest Software, Inc. *QSFT*		74834T103			12/31/08		33
	1	Change State of Incorporation from		For	For		Mgmt
		California to Delaware
	2	Adjourn Meeting		For	For		Mgmt
02/25/09 - A	Apple Inc. *AAPL*		037833100			12/29/08		235
	1	Elect Directors		For	For		Mgmt
	2	Report on Political Contributions		Against	Against		ShrHoldr
	3	Adopt Principles for Health Care Reform		Against	Against		ShrHoldr
	4	Prepare Sustainability Report		Against	Against		ShrHoldr
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
03/02/09 - S	Xstrata plc		G9826T102			None		99
	1	Approve Acquisition by Xstrata Group of		For	For		Mgmt
		the Prodeco Business, the Granting by
		Xstrata (Schweiz) AG of the Call Option
		to Glencore and the Disposal by Xstrata
		Group of the Prodeco Business to
		Glencore (If and When the Call Option
		is Exercised)
	2	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from USD
		750,000,000.50 and GBP 50,000 to
		USD 2,250,000,000.50 and GBP 50,000
	3	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 991,254,176 (Rights Issue);
		Otherwise up to USD 493,363,149
	4	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 74,004,472
03/04/09 - A	Hologic, Inc. *HOLX*		436440101			01/16/09		312
	1	Elect Directors		For	For		Mgmt
	2	Approve Repricing of Options		For	For		Mgmt
	3	Adjourn Meeting		For	Against		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 7

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
03/05/09 - A	AECOM Technology		00766T100			01/05/09		172
	Corporation *ACM*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
03/10/09 - A	The Walt Disney Company		254687106			01/09/09		445
	*DIS*
	1	Elect Director Susan E. Arnold		For	For		Mgmt
	2	Elect Director John E. Bryson		For	For		Mgmt
	3	Elect Director John S. Chen		For	For		Mgmt
	4	Elect Director Judith L. Estrin		For	For		Mgmt
	5	Elect Director Robert A. Iger		For	For		Mgmt
	6	Elect Director Steven P. Jobs		For	For		Mgmt
	7	Elect Director Fred H. Langhammer		For	For		Mgmt
	8	Elect Director Aylwin B. Lewis		For	For		Mgmt
	9	Elect Director Monica C. Lozano		For	For		Mgmt
	10	Elect Director Robert W. Matschullat		For	For		Mgmt
	11	Elect Director John E. Pepper , Jr.		For	For		Mgmt
	12	Elect Director Orin C. Smith		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Amend Omnibus Stock Plan		For	Against		Mgmt
	15	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	16	Report on Political Contributions		Against	Against		ShrHoldr
	17	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
	18	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
03/11/09 - A	Franklin Resources, Inc.		354613101			01/12/09		63
	*BEN*
	1	Elect Director Samuel H. Armacost		For	For		Mgmt
	2	Elect Director Charles Crocker		For	For		Mgmt
	3	Elect Director Joseph R. Hardiman		For	For		Mgmt
	4	Elect Director Robert D. Joffe		For	For		Mgmt
	5	Elect Director Charles B. Johnson		For	For		Mgmt
	6	Elect Director Gregory E. Johnson		For	For		Mgmt
	7	Elect Director Rupert H. Johnson, Jr.		For	For		Mgmt
	8	Elect Director Thomas H. Kean		For	For		Mgmt
	9	Elect Director Chutta Ratnathicam		For	For		Mgmt
	10	Elect Director Peter M. Sacerdote		For	For		Mgmt
	11	Elect Director Laura Stein		For	For		Mgmt
	12	Elect Director Anne M. Tatlock		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Amend Executive Incentive Bonus Plan		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 8

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
03/12/09 - A	Banco Bilbao Vizcaya		E11805103			None		607
	Argentaria, S.A.
	1	Approve Individual and Consolidated		For	For		Mgmt
		Financial Statements and Statutory
		Reports; Approve Allocation of Income
		and Distribution of Dividends for Fiscal
		Year Ended Dec. 31, 2007; Approve
		Discharge of Directors
	2.1	Add New Article 53 bis to the		For	For		Mgmt
		Company's Bylaws Regarding
		Distribution of Stock Dividend Charged
		to Share Issuance Premium Reserve
	2.2	Approve Stock Dividend from Treasury		For	For		Mgmt
		Shares for Distribution to Shareholders
		Charged to Share Issuance Premium
		Reserve
	3	Approve Merger by Absorption of Banco		For	For		Mgmt
		de Credito Local de Espana, S.A.U. and
		BBVA Factoring E.F.C., S.A.U. by
		Company; Approve Merger Balance
		Sheet as of Dec. 31, 2008
	4	Elect Directors		For	For		Mgmt
	5	Approve Increase in Capital in		For	For		Mgmt
		Accordance with Article 153.1.b of
		Spanish Company Law Up to 50
		Percent of Capital and with the Powers
		to Exclude Preemptive Rights
	6	Authorize Increase in Capital via		For	For		Mgmt
		Issuance of Fixed Debt Securities Non-
		Convertible up to the Amount of EUR 50
		Billion
	7	Authorize Share Repurchase and		For	For		Mgmt
		Subsequent Capital Reduction via
		Amortization of Shares
	8.1	Liquidation of Long-Term Compensation		For	For		Mgmt
		Plan for Years 2006-2008
	8.2	Approve Variable Remuneration for		For	For		Mgmt
		Fiscal Years 2009-2010 Consisting of
		the Delivery of Company's Shares for
		Executive Officers, Including Executive
		Members of the Board and Members of
		the Executive Committee
	9	Re-elect Auditors for Fiscal Year 2009		For	For		Mgmt
	10	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
03/16/09 - S	ASSURED GUARANTY LTD		G0585R106			02/06/09		54
	*AGO*
	1	Approve Issuance of Shares to Dexia		For	For		Mgmt
		Holdings, Inc. in Connection with the
Mgmt Rec - Company Management Recommended Vote								Page 9

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Acquisition of Financial Security
		Assurance Holdings Ltd.
	2	Approve Issuance of Shares to WLR		For	For		Mgmt
		Recovery Fund IV, L.P. in Connection
		with the Financing of the Acquisition of
		Financial Security Assurance Holdings
		Ltd.
03/18/09 - A	Hewlett-Packard Company		428236103			01/20/09		532
	*HPQ*
	1	Elect Director Lawrence T. Babbio, Jr.		For	For		Mgmt
	2	Elect Director Sari M. Baldauf		For	For		Mgmt
	3	Elect Director Rajiv L. Gupta		For	For		Mgmt
	4	Elect Director John H. Hammergren		For	For		Mgmt
	5	Elect Director Mark V. Hurd		For	For		Mgmt
	6	Elect Director Joel Z. Hyatt		For	For		Mgmt
	7	Elect Director John R. Joyce		For	For		Mgmt
	8	Elect Director Robert L. Ryan		For	For		Mgmt
	9	Elect Director Lucille S. Salhany		For	For		Mgmt
	10	Elect Director G. Kennedy Thompson		For	For		Mgmt
	11	Ratify Auditors		For	For		Mgmt
03/19/09 - A	Hovnanian Enterprises, Inc.		442487203			01/22/09		415
	*HOV*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
03/19/09 - S	HSBC Holdings plc		G4634U169			None		1,675
	1	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from USD
		7,500,100,000, GBP 401,500 and EUR
		100,000 to USD 10,500,100,000, GBP
		401,500 and EUR 100,000
	2	Subject to the Passing of Resolution 1,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 2,530,200,000 (Rights Issue)
	3	Subject to the Passing of Resolution 2,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal Amount
		of USD 2,530,200,000 (Rights Issue)
03/19/09 - A	Iberdrola S.A.		E6165F166			None		553
	1	Accept Individual and Consolidated		For	For		Mgmt
		Financial Statements and Statutory
Mgmt Rec - Company Management Recommended Vote								Page 10

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Reports for Fiscal Year 2008
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends
	3	Receive Management's Report on		For	For		Mgmt
		Company and Consolidated Group
	4	Approve Discharge of Directors		For	For		Mgmt
	5	Re-Appoint Auditors for Company and		For	For		Mgmt
		Consolidated Group for Fiscal Year
		2009
	6	Ratify Appointment of Mrs. Samantha		For	For		Mgmt
		Barber as Independent Director
	7	Authorize Repurchase of Shares in the		For	For		Mgmt
		Amount of up to 5 Percent of Share
		Capital; Void Authorization Granted at
		the AGM held on April 17, 2008
	8	Authorize the Board to Issue		For	For		Mgmt
		Bonds/Debentures/Other Debt
		Securities up to Aggregate Nominal
		Amount of EUR 20 Billion and
		Promissory Notes up to an Amount of
		EUR 6 Billion; Void Authorization
		Granted at the AGM held on April 17,
		2008
	9	Authorize Issuance of		For	For		Mgmt
		Bonds/Debentures/Warrants With Pre-
		Emptive Rights up to Aggregate
		Nominal Amount of EUR 5 billion
	10	Approve the Listing and Delisting of		For	For		Mgmt
		Shares, Debt Securities, Bonds,
		Promissory Notes, and Preferred Stock,
		in Spain and Foreign Secondary
		Markets; Void Authorization Granted at
		the AGM held on April 17, 2008
	11	Authorize Board to Approve the		For	For		Mgmt
		Creation of Foundation; Void
		Authorization Granted at the AGM held
		on April 17, 2008
	12.1	Amend Articles 23, 28, 34, 36, 37, 38,		For	For		Mgmt
		45, 46, 47, and 49 of Company Bylaws
	12.2	Amend Articles 57 and 58 of Company		For	For		Mgmt
		Bylaws
	13	Amend and Approve New Text of		For	For		Mgmt
		General Meeting Guidelines
	14	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
03/19/09 - A	Martek Biosciences Corp.		572901106			01/21/09		15
	*MATK*
	1	Elect Director Harry J. D'Andrea		For	For		Mgmt
	2	Elect Director James R. Beery		For	For		Mgmt
	3	Elect Director Michael G. Devine		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 11

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Elect Director Steve Dubin		For	For		Mgmt
	5	Elect Director Robert J. Flanagan		For	For		Mgmt
	6	Elect Director Polly B. Kawalek		For	For		Mgmt
	7	Elect Director Jerome C. Keller		For	For		Mgmt
	8	Elect Director Douglas J. MacMaster, Jr.		For	For		Mgmt
	9	Elect Director Robert H. Mayer		For	For		Mgmt
	10	Elect Director Eugene H. Rotberg		For	For		Mgmt
	11	Ratify Auditors		For	For		Mgmt
03/26/09 - A	Vestas Wind System AS		K9773J128			None		32
	1	Receive Report of Board		None	None		Mgmt
	2	Receive and Approve Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Omission of Dividends
	4a	Reelect Bent Carlsen as Director		For	For		Mgmt
	4b	Reelect Torsten Rasmussen as Director		For	For		Mgmt
	4c	Reelect Freddy Frandsen as Director		For	For		Mgmt
	4d	Reelect Joergen Rasmussen as		For	For		Mgmt
		Director
	4e	Reelect Joern Ankaer Thomsen as		For	For		Mgmt
		Director
	4f	Reelect Kurt Anker Nielsen as Director		For	For		Mgmt
	4g	Elect Haakan Eriksson as New Director		For	For		Mgmt
	4h	Elect Ola Rollen as New Director		For	For		Mgmt
	5a	Ratify PricewaterhouseCoopers as		For	For		Mgmt
		Auditor
	5b	Ratify KPMG as Auditor		For	For		Mgmt
	6.1	Approve Guidelines for Incentive-Based		For	For		Mgmt
		Compensation for Executive
		Management
	6.2	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Other Business (Non-Voting)		None	None		Mgmt
03/27/09 - S	BNP Paribas		F1058Q238			03/24/09		119
		Special Business
	1	Authorize New Class of Preferred Stock		For	For		Mgmt
		(Class B) and Amend Bylaws
		Accordingly, Subject to Approval of Item
		2
	2	Authorize Issuance of Preferred Stock		For	For		Mgmt
		(Class B) in Favor of Societe de Prise
		de Participation de l'Etat (SPPE) for up
		to Aggregate Nominal Amount of EUR
		608,064,070, Subject to Approval of
		Item 1
	3	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
Mgmt Rec - Company Management Recommended Vote								Page 12

Vote Summary Report
Jan 01, 2009 - Mar 31, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 1 Billion for Bonus Issue or
		Increase in Par Value, Subject to
		Approval of Items 1 and 2
	5	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
03/27/09 - A	Canon Inc. *7751*		J05124144			12/31/08		166
	1	Approve Allocation of Income, With a		For	For		Mgmt
		Final Dividend of JY 55
	2	Amend Articles to Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
	4	Approve Retirement Bonus for Director		For	For		Mgmt
	5	Approve Payment of Annual Bonuses to		For	For		Mgmt
		Directors
	6	Approve Stock Option Plan		For	For		Mgmt
03/27/09 - A	Royal Philips Electronics		N6817P109			03/05/09		194
	N.V.
		Annual Meeting
	1	President's Speech		None	None		Mgmt
	2a	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2b	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	2c	Approve Dividends of EUR 0.70 Per		For	For		Mgmt
		Share
	2d	Approve Discharge of Management		For	For		Mgmt
		Board
	2e	Approve Discharge of Supervisory		For	For		Mgmt
		Board
	3	Reelect P-J. Sivignon to Management		For	For		Mgmt
		Board
	4a	Elect J.J. Schiro to Supervisory Board		For	For		Mgmt
	4b	Elect J. van der Veer to Supervisory		For	For		Mgmt
		Board
	4c	Elect C.A. Poon to Supervisory Board		For	For		Mgmt
	5	Amend Long-Term Incentive Plan		For	For		Mgmt
	6a	Grant Board Authority to Issue Shares		For	For		Mgmt
		Up To 10 Percent of Issued Capital Plus
		Additional 10 Percent in Case of
		Takeover/Merger
	6b	Authorize Board to Exclude Preemptive		For	For		Mgmt
		Rights from Issuance under Item 6a
	7	Authorize Repurchase of Shares		For	For		Mgmt
	8	Other Business (Non-Voting)		None	None		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 13

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/12/09 - A	3M CO *MMM*		88579Y101			03/13/09		213
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Bylaws-- Call Special Meetings		Against	Against		ShrHoldr
		Currently, shareholders have 25% right to call special
		meeting.
	4	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		that stock ownerhip guidelines already in place are
		not appropriate or that proposal will result in
		improved shareholder returns.
04/24/09 - A	Abbott Laboratories *ABT*		002824100			02/25/09		377
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
	3	Approve Nonqualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
	5	Report on Animal Testing		Against	Against		ShrHoldr
		Mgmt responded meaningfully; company has already
		achieved overal goals of proposal, does not appear
		to be non-compliance with current law; no evidence
		that proposal would improve shareholder returns.
	6	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Mgmt responded meaningfully; no evidence that
		company is not in compliance with current law or that
		proposal would improve shareholder returns; issues
		more appropriately addressed at federal and state
		government levels.
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Same language as previously supported by PPC.
05/04/09 - A	AFLAC Incorporated *AFL*		001055102			02/24/09		138
	1	Elect Directors		For	For		Mgmt
	2	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	3	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 1

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/20/09 - A	Alexandria Real Estate		015271109			03/31/09		66
	Equities, Inc. *ARE*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Joel S. Marcus --- For
	1.2	Elect Director Richard B. Jennings ---
		Withhold
		Comp committee member during period of poor pau
		practices; CEO pay significantly above
		peers/company performance below peers; CEO tax
		gross-ups on restricted stock awards (up to $1 mil).
	1.3	Elect Director John L. Atkins, III --- For
	1.4	Elect Director Richard H. Klein ---
		Withhold
		Comp committee member during period of poor pau
		practices; CEO pay          significantly above
		peers/company performance below peers; CEO tax
		gross-ups on restricted stock awards (up to $1 mil).
	1.5	Elect Director James H. Richardson ---
		For
	1.6	Elect Director Martin A. Simonetti ---
		For
	1.7	Elect Director Alan G. Walton ---
		Withhold
		Comp committee member during period of poor pay
		practices; CEO pay significantly above
		peers/company performance below peers; CEO tax
		gross-ups on restricted stock awards (up to $1 mil).
	2	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Alexion Pharmaceuticals,		015351109			03/24/09		115
	Inc. *ALXN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/27/09 - A	Alliance Healthcare Service,		018606202			04/16/09		499
	Inc. *AIQ*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 14.77% exceeds allowable cap of
		13.91%.
	3	Ratify Auditors		For	For		Mgmt
04/29/09 - A	Allianz SE (formerly Allianz		D03080112			None		64
	AG)
	1	Receive Financial Statements and		None	None		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 2

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 3.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Elect Karl Grimm to the Supervisory		For	For		Mgmt
		Board
	6	Authorize Repurchase of up to 5		For	For		Mgmt
		Percent of Issued Share Capital for
		Trading Purposes
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Authorize Use of Financial Derivatives		For	For		Mgmt
		of up to 5 Percent of Issued Share
		Capital When Repurchasing Shares
	9	Amend Articles Re: Entry of Nominees		For	For		Mgmt
		in the Shareholders' Register
	10	Amend Articles Re: First Supervisory		For	For		Mgmt
		Board of Allianz SE, Electronic
		Participation in the Annual Meeting,
		and Audio and Video Transmission of
		Annual Meeting due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
	11	Approve Affiliation Agreement with		For	For		Mgmt
		Subsidiary Allianz Shared Infrastructure
		Services SE
05/20/09 - A	Alpha Natural Resources,		02076X102			03/23/09		112
	Inc. *ANR*
	1	Elect Directors		For	For		Mgmt
	2	Increase Authorized Common Stock		For	For		Mgmt
		Passes Mellon calculations.
	3	Ratify Auditors		For	For		Mgmt
06/23/09 -	Alstom		F0259M475			06/18/09		24
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.12 per Share
	4	Approve Special Auditors' Report		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 3

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Regarding Ongoing Related-Party
		Transaction
	5	Approve Transaction with Patrick Kron		For	For		Mgmt
	6	Ratify PricewaterhouseCoopers Audit		For	For		Mgmt
		as Auditor
	7	Ratify Mazars as Auditor		For	For		Mgmt
	8	Ratify Yves Nicolas as Alternate		For	For		Mgmt
		Auditor
	9	Ratify Patrick de Cambourg as		For	For		Mgmt
		Alternate Auditor
	10	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	11	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	12	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/06/09 - A	Altra Holdings Inc. *AIMC*		02208R106			03/23/09		318
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Edmund M. Carpenter ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.2	Elect Director Carl R. Christenson ---
		For
	1.3	Elect Director Lyle G. Ganske --- For
	1.4	Elect Director Michael L. Hurt --- For
	1.5	Elect Director Michael S. Lipscomb ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director Larry McPherson ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.7	Elect Director James H. Woodward Jr. -
		-- For
	2	Ratify Auditors		For	For		Mgmt
04/30/09 - A	American Axle and		024061103			03/03/09		839
	Manufacturing Holdings, Inc.
	*AXL*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Salvatore J. Bonanno,
		Sr. --- For
Mgmt Rec - Company Management Recommended Vote								Page 4

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		New board member.
	1.2	Elect Director David C. Dauch --- For
		New board member.
	1.3	Elect Director Forest J. Farmer ---
		Withhold
		Poor pay practices; pay/performance disconnect;
		multiple entrencement devices.
	1.4	Elect Director Richard C. Lappin ---
		Withhold
		Poor pay practices; pay/performance disconnect;
		multiple entrencement devices.
	1.5	Elect Director Thomas K. Walker ---
		Withhold
		Poor pay practices; pay/performance disconnect;
		multiple entrencement devices.
	2	Ratify Auditors		For	For		Mgmt
06/04/09 - A	American Equity Investment		025676206			04/09/09		464
	Life Holding *AEL*
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 8.02% is within allowable cap of
		9.15%.
	3	Ratify Auditors		For	For		Mgmt
04/27/09 - A	American Express Co. *AXP* 025816109					02/27/09		314
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director D.F. Akerson --- For
	1.2	Elect Director C. Barshefsky --- For
	1.3	Elect Director U.M. Burns --- For
	1.4	Elect Director K.I. Chenault --- For
	1.5	Elect Director P. Chernin --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.6	Elect Director J. Leschly --- Against
		Comp committee member during      period of
		pay/performance disconnect and poor pay practices.
	1.7	Elect Director R.C. Levin --- For
	1.8	Elect Director R.A. Mcginn --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.9	Elect Director E.D. Miller --- Against
Mgmt Rec - Company Management Recommended Vote								Page 5

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.10	Elect Director S.S Reinemund --- For
	1.11	Elect Director R.D. Walter --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.12	Elect Director R.A. Williams --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Pay/performance disconnect and poor pay practices.
	4	Provide for Cumulative Voting		Against	Against		ShrHoldr
	5	Amend Bylaws-- Call Special Meetings		Against	For		ShrHoldr
		Currently no right to call special meeting or act by
		written consent.
06/30/09 - A	American International		026874107			05/22/09		1,070
	Group, Inc. *AIG*
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Dennis D. Dammerman -
		-- For
	1.2	Elect Director Harvey Golub --- For
	1.3	Elect Director Laurette T. Koellner ---
		For
	1.4	Elect Director Edward M. Liddy --- For
	1.5	Elect Director Christopher S. Lynch ---
		For
	1.6	Elect Director Arthur C. Martinez --- For
		Sits on 7 boards but will reducs to 4 within			12
		months.
	1.7	Elect Director George L. Miles, Jr. ---
		For
	1.8	Elect Director Robert S. Miller --- For
	1.9	Elect Director Suzanne Nora Johnson -
		-- For
	1.10	Elect Director Morris W. Offit --- For
	1.11	Elect Director Douglas M. Steenland ---
		For
	2	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices at the moment;
		remediation of prior poor practices appears to be in
		place but will require ongoing monitoring.
	3	Increase Authorized Common Stock		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 6

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Approve Reverse Stock Split		For	For		Mgmt
	5	Increase Authorized Preferred Stock		For	Against		Mgmt
	6	Amend Certificate of Incorporation		For	For		Mgmt
		No negative impact to common shareholder if
		approved; of not approved required to be presented
		to shareholders every 12 months.
	7	Amend Certificate of Incorporation to		For	For		Mgmt
		Eliminate Restrictions on Pledge of
		Assets
		Needed to comply with NY Fed agreement.
	8	Ratify Auditors		For	For		Mgmt
	9	Stock Retention/Holding Period		Against	For		ShrHoldr
		Though TARP rules govern executive comp now,
		company did not indicate what its stock retention
		policy would be post-TARP.
	10	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		25% threshold is already in place as well as right to
		act by written consent.
	11	Reincorporate in Another State [from		Against	Against		ShrHoldr
		Delaware to North Dakota]
05/06/09 - A	Amgen, Inc. *AMGN*		031162100			03/09/09		254
	1	Elect Director David Baltimore		For	For		Mgmt
	2	Elect Director Frank J. Biondi, Jr.		For	For		Mgmt
	3	Elect Director Francois de Carbonnel		For	For		Mgmt
	4	Elect Director Jerry D. Choate		For	For		Mgmt
	5	Elect Director Vance D. Coffman		For	For		Mgmt
	6	Elect Director Frederick W. Gluck		For	For		Mgmt
	7	Elect Director Frank C. Herringer		For	For		Mgmt
	8	Elect Director Gilbert S. Omenn		For	For		Mgmt
	9	Elect Director Judith C. Pelham		For	For		Mgmt
	10	Elect Director J. Paul Reason		For	For		Mgmt
	11	Elect Director Leonard D. Schaeffer		For	For		Mgmt
	12	Elect Director Kevin W. Sharer		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Approve Omnibus Stock Plan		For	Against		Mgmt
	15	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
	16	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
		Share holds do not currently have right to written
		consect or special meeting.
	17	Reincorporate in Another State [from		Against	Against		ShrHoldr
		Delaware to North Dakota ]
		No evidence that cost of move will be offset by
		improved shareholder returns or rights that cannot or
Mgmt Rec - Company Management Recommended Vote								Page 7

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		have not been achieved in current state.
04/15/09 - A	Anglo American plc		G03764134			None		215
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Re-elect David Challen as Director		For	For		Mgmt
	3	Re-elect Dr Chris Fay as Director		For	For		Mgmt
	4	Re-elect Sir Rob Margetts as Director		For	For		Mgmt
	5	Re-elect Sir Mark Moody-Stuart as		For	For		Mgmt
		Director
	6	Re-elect Fred Phaswana as Director		For	For		Mgmt
	7	Re-elect Mamphela Ramphele as		For	For		Mgmt
		Director
	8	Re-elect Peter Woicke as Director		For	For		Mgmt
	9	Reappoint Deloitte LLP as Auditors of		For	For		Mgmt
		the Company
	10	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	11	Approve Remuneration Report		For	For		Mgmt
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 72,300,000
	13	Subject to the Passing of Resolution		For	For		Mgmt
		12, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 36,100,000
	14	Authorise 197,300,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
05/12/09 - A	Anixter International Inc.		035290105			03/20/09		73
	*AXE*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/14/09 - A	Ansys, Inc. *ANSS*		03662Q105			03/18/09		142
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/06/09 - A	AptarGroup, Inc. *ATR*		038336103			03/12/09		128
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 8

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/12/09 -	ArcelorMittal		L0302D129			None		302
A/S
		Annual Meeting
	1	Receive Consolidated Financial		None	None		Mgmt
		Statements and Directors' and Auditors'
		Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements
	3	Accept Financial Statements		For	For		Mgmt
	4	Acknowledge Allocation of Income and		For	For		Mgmt
		Dividends
	5	Approve Allocation of Income and		For	For		Mgmt
		Dividends of USD 0.75 per Share
	6	Approve Remuneration of Directors		For	For		Mgmt
	7	Approve Discharge of Directors		For	For		Mgmt
	8	Approve Retirement of Directors		For	For		Mgmt
	9	Reelect Narayanan Vaghul as Director		For	Against		Mgmt
		Effective boards exercise independent judgment
		when carrying out their fiduciary responsibilities. By
		requiring a majority of the board to consist of
		independent directors, the possibility of conflicts of
		interest is reduced and the quality of board oversight
		is increased. For this market, a vote against the
		election or reelection of any non-independent
		directors (excluding the CEO) is warranted if the
		proposed board does not consist of a majority of
		independent directors. At ArcelorMittal, only			23
		percent of the board is independent. As the election
		of the nominees will not increase the proportion of
		independent directors among the board, these
		proposals do not merit support.
	10	Reelect Wilbur L. Ross as Director		For	Against		Mgmt
	11	Reelect Francois Pinault as Director		For	Against		Mgmt
		Effective boards exercise independent judgment
		when carrying out their fiduciary responsibilities. By
		requiring a majority of independent directors, the
		possibility of conflicts of interest is reduced and the
		quality of board oversight is increased. For this
		market, RMG will recommend a vote for the election
		or reelection of any non-independent directors
		(excluding the CEO) if the proposed board consists
		of a majority of independent directors. At
		ArcelorMittal, 23 percent of the board is independent.
		As the election of the nominee who is considered to
		be a non-independent director for the reasons set
		forth above, will not increase the number of
		independent directors on the board, this proposal
		does not merit approval.
	12	Approve Share Repurchase Program		For	Against		Mgmt
		As the share repurchase program can be continued
Mgmt Rec - Company Management Recommended Vote								Page 9

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		during a takeover period, opposition to this proposal
		is warranted.
	13	Ratify Deloitte SA as Auditors		For	For		Mgmt
	14	Approve Bonus Plan		For	For		Mgmt
	15	Approve Stock Option Plan		For	Against		Mgmt
		Because the potential dilution under all stock option
		plans and convertible bonds exceeds 5 percent, the
		company has failed to attach challenging
		performance criteria, and part of the allocated
		options vest before three years, a vote against this
		proposal is warranted.
	16	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
		Special Meeting
	17	Approve Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights and Amend Article 5.5
		Accordingly
06/17/09 - S	ArcelorMittal		L0302D129			None		151
		Special Meeting
	1	Approve Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights Within Limits of Authorized
		Capital and Amend Article 5.5
		Accordingly
04/29/09 - A	Aspen Insurance Holdings,		G05384105			03/02/09		150
	Ltd. *AHL*
	1	Elect Directors		For	For		Mgmt
	2	Appoint KPMG Audit Plc as Auditors		For	For		Mgmt
		and Authorize Board to Fix Their
		Remuneration
	3	Adopt the Amended and Restated Bye-		For	For		Mgmt
		laws
	4	Adopt the Amendments to the		For	For		Mgmt
		Memorandum of Association
	5.1	Elect Glyn Jones as Director of Aspen		For	For		Mgmt
		Insurance UK Limited
	5.2	Elect Christopher O'Kane as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.3	Elect Richard Bucknall as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.4	Elect Ian Cormack as Director of Aspen		For	For		Mgmt
		Insurance UK Limited
	5.5	Elect Richard Houghton as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.6	Elect Stephen Rose as Director of		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 10

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Aspen Insurance UK Limited
	5.7	Elect Oliver Peterken as Director of		For	For		Mgmt
		Aspen Insurance UK Limited
	5.8	Elect Heidi Hutter as Director of Aspen		For	For		Mgmt
		Insurance UK Limited
	6	Amend Aspen Insurance UK Limited's		For	For		Mgmt
		Articles of Association
	7.1	Elect Christopher O'Kane as Director of		For	For		Mgmt
		Aspen Insurance UK Services Limited
	7.2	Elect Richard Houghton as Director of		For	For		Mgmt
		Aspen Insurance UK Services Limited
	7.3	Elect Stephen Rose as Director of		For	For		Mgmt
		Aspen Insurance UK Services Limited
	8	Amend Aspen Insurance UK Services		For	For		Mgmt
		Limited's Articles of Association
	9.1	Elect Christopher O'Kane as Director of		For	For		Mgmt
		Aspen Insurance (UK) Holdings Limited
	9.2	Elect Richard Houghton as Director of		For	For		Mgmt
		Aspen Insurance (UK) Holdings Limited
	9.3	Elect Stephen Rose as Director of		For	For		Mgmt
		Aspen Insurance (UK) Holdings Limited
	10	Amend Aspen (UK) Holdings Limited's		For	For		Mgmt
		Articles of Association
	11.1	Elect Stephen Rose as Director of		For	For		Mgmt
		AIUK Trustees Limited
	11.2	Elect John Henderson as Director of		For	For		Mgmt
		AIUK Trustees Limited
	11.3	Elect Christopher Woodman as Director		For	For		Mgmt
		of AIUK Trustees Limited
	11.4	Elect Michael Cain as Director of AIUK		For	For		Mgmt
		Trustees Limited
	11.5	Elect Katharine Wade as Director of		For	For		Mgmt
		AIUK Trustees Limited
	12	Amend AIUK Trustees Limited's		For	For		Mgmt
		Articles of Association
	13.1	Elect Karen Green as Director of Aspen		For	For		Mgmt
		Underwriting Limited
	13.2	Elect Christopher O'Brien as Director of		For	For		Mgmt
		Aspen Underwriting Limited
	14	Amend Aspen Underwriting Limited's		For	For		Mgmt
		Articles of Association
	15.1	Elect Richard Bucknall as Director of		For	For		Mgmt
		Aspen Managing Agency Limited
	15.2	Elect John Hobbs as Director of Aspen		For	For		Mgmt
		Managing Agency Limited
	15.3	Elect James Ingham Clark as Director		For	For		Mgmt
		of Aspen Managing Agency Limited
	15.4	Elect Robert Long as Director of Aspen		For	For		Mgmt
		Managing Agency Limited
	15.5	Elect Christopher O'Brien as Director of		For	For		Mgmt
		Aspen Managing Agency Limited
	15.6	Elect Matthew Yeldham as Director of		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 11

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Aspen Managing Agency Limited
	15.7	Elect Karen Green as Director of Aspen		For	For		Mgmt
		Managing Agency Limited
	15.8	Elect Heidi Hutter as Director of Aspen		For	For		Mgmt
		Managing Agency Limited
	16	Amend Aspen Managing Agency		For	For		Mgmt
		Limited's Articles of Association
	17.1	Elect Christopher O'Kane as Director of		For	For		Mgmt
		Aspen Insurance Ltd. and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.2	Elect Julian Cusack as Director of		For	For		Mgmt
		Aspen Insurance Ltd. and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.3	Elect James Few as Director of Aspen		For	For		Mgmt
		Insurance Limited and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.4	Elect Oliver Peterken as Director of		For	For		Mgmt
		Aspen Insurance Limited and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.5	Elect David Skinner as Director of		For	For		Mgmt
		Aspen Insurance Ltd. and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.6	Elect Karen Green as Director of Aspen		For	For		Mgmt
		Insurance Limited and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	17.7	Elect Heather Kitson as Director of		For	For		Mgmt
		Aspen Insurance Limited and Authorize
		Appointment of Any Individual as an
		Alternate Director to Fill Vacancies and
		to Fix the Remuneration of Such
		Directors
	18	Appoint KPMG Audit Plc as Auditor of		For	For		Mgmt
		Aspen Insurance Limited and Authorize
		its Board to Fix Their Remuneration
Mgmt Rec - Company Management Recommended Vote								Page 12

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	19	Amend Aspen Insurance Limited's Bye-		For	For		Mgmt
		Laws
	20	Amend Aspen Insurance Limited's		For	For		Mgmt
		Memorandum of Association
04/24/09 - A	Assicurazioni Generali Spa		T05040109			04/22/09		133
		Ordinary Business
	1	Accept Financial Statements,		For	For		Mgmt
		Consolidated Financial Statements,
		Statutory Reports and External
		Auditors' Reports; Allocation of Income
	2	Elect Director		For	Against		Mgmt
		The company has several corporate governance
		issues. First, it does not comply with the Italian
		corporate governance code in term of lead
		independent director. Second, several directors have
		an attendance rate that is below 45 (Muller has not
		attended a single board meeting since 2006). Finally,
		the company failed to provide the name of the
		nominee to be elected as director. Therefore,
		given the lack of disclosure with respect to board
		nominee and the company's adherence to poor
		corporate governance practices in general, this
		resolution does not warrant approval.
	3	Fix Number of Members and Elect		For	For		Mgmt
		Consiglio Generale (Advisory Body)
05/07/09 - A	ASSURED GUARANTY LTD		G0585R106			03/17/09		176
	*AGO*
	1	Elect Directors		For	For		Mgmt
	2	Amend 2004 Long-Term Incentive Plan		For	For		Mgmt
	3	Amend Employee Stock Purchase Plan		For	For		Mgmt
	4	Ratify PricewaterhouseCoopers LLP as		For	For		Mgmt
		the Company's Independent Auditors
		Subsidiary Proposals
	5.1.1	Elect Howard Albert as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.2	Elect Robert A. Bailenson as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.3	Elect Gary Burnet as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.4	Elect Dominic J. Frederico as Director		For	For		Mgmt
		of Assured Guaranty Re Ltd.
	5.1.5	Elect James M. Michener as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.6	Elect Robert B. Mills as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.1.7	Elect David Penchoff as Director of		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 13

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Assured Guaranty Re Ltd.
	5.1.8	Elect Andrew Pickering as Director of		For	For		Mgmt
		Assured Guaranty Re Ltd.
	5.2	Ratify PricewatehouseCoopers LLP as		For	For		Mgmt
		Assured Guaranty Re Ltd.'s
		Independent Auditors
04/30/09 - A	AstraZeneca plc		G0593M107			None		183
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Confirm First Interim Dividend of USD		For	For		Mgmt
		0.55 (27.8 Pence, 3.34 SEK) Per
		Ordinary Share; Confirm as Final
		Dividend the Second Interim Dividend
		of USD 1.50 (104.8 Pence, 12.02 SEK)
		Per Ordinary Share
	3	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		of the Company
	4	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	5(a)	Re-elect Louis Schweitzer as Director		For	For		Mgmt
	5(b)	Re-elect David Brennan as Director		For	For		Mgmt
	5(c)	Re-elect Simon Lowth as Director		For	For		Mgmt
	5(d)	Re-elect Bo Angelin as Director		For	For		Mgmt
	5(e)	Re-elect John Buchanan as Director		For	For		Mgmt
	5(f)	Re-elect Jean-Philippe Courtois as		For	For		Mgmt
		Director
	5(g)	Re-elect Jane Henney as Director		For	For		Mgmt
	5(h)	Re-elect Michele Hooper as Director		For	For		Mgmt
	5(i)	Elect Rudy Markham as Director		For	For		Mgmt
	5(j)	Re-elect Dame Nancy Rothwell as		For	For		Mgmt
		Director
	5(k)	Re-elect John Varley as Director		For	For		Mgmt
	5(l)	Re-elect Marcus Wallenberg as		For	For		Mgmt
		Director
	6	Approve Remuneration Report		For	For		Mgmt
	7	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Parties, to Make
		EU Political Donations to Political
		Organisations Other Than Political
		Parties and to Incur EU Political
		Expenditure up to USD 250,000
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 120,636,176
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 18,095,426
Mgmt Rec - Company Management Recommended Vote								Page 14

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	10	Authorise 144,763,412 Ordinary Shares		For	For		Mgmt
		for Market Purchase
04/24/09 - A	AT&T Inc *T*		00206R102			02/25/09		1,655
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Randall L. Stephenson --
		- For
	1.2	Elect Director William F. Aldinger III ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.3	Elect Director Gilbert F. Amelio ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.4	Elect Director Reuben V. Anderson ---
		For
	1.5	Elect Director James H. Blanchard ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director August A. Busch III ---
		For
	1.7	Elect Director Jaime Chico Pardo ---
		Against
		Sits on 6 public boards.
	1.8	Elect Director James P. Kelly --- For
	1.9	Elect Director Jon C. Madonna --- For
	1.10	Elect Director Lynn M. Martin --- For
	1.11	Elect Director John B. McCoy --- For
	1.12	Elect Director Mary S. Metz --- For
	1.13	Elect Director Joyce M. Roch --- For
	1.14	Elect Director Laura D Andrea Tyson ---
		For
	1.15	Elect Director Patricia P. Upton ---
		Against
		Comp committee member during period of poor pay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Increase Authorized Common Stock		For	For		Mgmt
	4	Report on Political Contributions		Against	Against		ShrHoldr
		Mmgt responded meaningfully; no evidence that
		company is not in compliane with current law or that
		proposal will result in improved shareholder returns.
	5	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
Mgmt Rec - Company Management Recommended Vote								Page 15

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Shareholders already have right to act by written
		consent and 25% to call a special meeting.
	6	Provide for Cumulative Voting		Against	Against		ShrHoldr
	7	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	8	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Same non-binding advisory ratification proposal
		previously supported by PPC.
	9	Exclude Pension Credits ftom Earnings		Against	For		ShrHoldr
		Performance Measure
		Employee pension plan income is not company
		income or reflective of company performance.
04/30/09 -	Axa		F06106102			04/27/09		233
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.40 per Share
	4	Approve Auditors' Special Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Reelect Jacques de Chateauvieux as		For	For		Mgmt
		Supervisory Board Member
		As a result of Michel Pebereau's executive with BNP
		Paribas and his excessive number of other
		directroships, his reelection does not merit support
	6	Reelect Anthony Hamilton as		For	For		Mgmt
		Supervisory Board Member
	7	Reelect Michel Pebereau as		For	Against		Mgmt
		Supervisory Board Member
	8	Reelect Dominique Reiniche as		For	For		Mgmt
		Supervisory Board Member
	9	Elect Ramon de Oliveira as		For	For		Mgmt
		Supervisory Board Member
	10	Authorize Repurchase of Up to 10		For	Against		Mgmt
		Percent of Issued Share Capital
		As the share repurchase program can be continued
		during a takeover period, provided that the reciprocity
		principle applies, this item does not merit support.
		Special Business
	11	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 1 Billion for Bonus Issue or
		Increase in Par Value
Mgmt Rec - Company Management Recommended Vote								Page 16

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	12	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 2 Billion
	13	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 1 Billion
	14	Authorize Board to Set Issue Price for		For	For		Mgmt
		10 Percent of Issued Capital Pursuant
		to Issue Authority without Preemptive
		Rights
	15	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Items 12 to 14 and
		16 to 18
	16	Authorize Capital Increase of Up to		For	For		Mgmt
		EUR 1 Billion for Future Exchange
		Offers
	17	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	18	Authorize Issuance of Equity upon		For	For		Mgmt
		Conversion of a Subsidiary's Equity-
		Linked Securities for Up to EUR 1
		Billion
	19	Approve Issuance of Securities		For	For		Mgmt
		Convertible into Debt
	20	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	21	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for Employees of
		International Subsidiaries
	22	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	23	Authorize Issuance of Preferred Stock		For	Against		Mgmt
		in Favor of Axa Assurances IARD
		Mutuelle and Axa Assurances Vie
		Mutuelle for up to Aggregate Nominal
		Amount of EUR 1 Billion
		Items 23 and 25 could result in treating shareholders
		unequally because of the potentially higher preferred
		dividend rates attached to shares issued to specific
		parties. For this reason, Items 23 and 25 do not merit
		approval.
	24	Authorize Issuance of Preferred Stock		For	For		Mgmt
		with Preemptive Rights for up to
		Aggregate Nominal Amount of EUR 1
		Billion
	25	Authorize Issuance of Preferred Stock		For	Against		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 17

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		without Preemptive Rights for up to
		Aggregate Nominal Amount of EUR 1
		Billion
	26	Adopt New Articles of Association,		For	For		Mgmt
		Pursuant to Items 23 through 25
	27	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/06/09 - A	BAE Systems plc		G06940103			None		493
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 8.7 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect Philip Carroll as Director		For	For		Mgmt
	5	Re-elect Ian King as Director		For	For		Mgmt
	6	Re-elect Roberto Quarta as Director		For	For		Mgmt
	7	Re-elect George Rose as Director		For	For		Mgmt
	8	Elect Carl Symon as Director		For	For		Mgmt
	9	Reappoint KPMG Audt plc as Auditors		For	For		Mgmt
		of the Company
	10	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	11	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Parties and/ or
		Independent Election Candidates, to
		Political Organisations Other than
		Political Parties and to Incur EU
		Political Expenditure up to GBP
		100,000
	12	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from GBP
		188,750,001 to GBP 218,750,001
	13	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights Under a General Authority up to
		Aggregate Nominal Amount of GBP
		29,396,313 and an Additional Amount
		Pursuant to a Rights Issue of up to
		GBP 29,396,313
	14	Subject to the Passing of Resolution		For	For		Mgmt
		13, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 4,409,888
	15	Authorise 352,791,045 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	16	Amend Articles of Association by		For	For		Mgmt
		Deleting All the Provisions of the
		Company's Memorandum of
Mgmt Rec - Company Management Recommended Vote								Page 18

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Association which, by Virtue of Section
		28 of the Companies Act of 2006, are
		to be Treated as Provisions of the
		Company's Articles of Association
	17	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
04/15/09 - A	Banco Latinoamericano de		P16994132			03/11/09		240
	Comercio Exterior SA *BLX*
		This is a duplicate meeting for
		ballots received via the Broadridge
		North American Ballot distribution
		system.
	1	TO APPROVE THE BANK S AUDITED		For	For		Mgmt
		FINANCIAL STATEMENTS FOR
		THEFISCAL YEAR ENDED
		DECEMBER 31, 2008 (PROPOSAL 1)
	2	TO APPOINT DELOITTE AS THE		For	For		Mgmt
		BANK S INDEPENDENT AUDITORS
		FOR THEFISCAL YEAR ENDING
		DECEMBER 31, 2009 (PROPOSAL 2)
	3a.i	DIRECTOR GONZALO MENENDEZ		For	For		Mgmt
		DUQUE
	3a.ii	DIRECTOR JAIME RIVERA		For	For		Mgmt
	3b	DIRECTOR WILL C. WOOD		For	For		Mgmt
	4a	TO APPROVE THE PROPOSED		For	For		Mgmt
		AMENDMENTS TO THE ARTICLES
		OF INCORPORATION OF THE BANK
		TO: CHANGE THE BANK'S NAME
	4b	TO APPROVE THE PROPOSED		For	For		Mgmt
		AMENDMENTS TO THE ARTICLES
		OF INCORPORATION OF THE BANK
		TO: MODIFY THE DEFINITION OF
		THE BUSINESS PURPOSE OF THE
		BANK
	4c	TO APPROVE THE PROPOSED		For	For		Mgmt
		AMENDMENTS TO THE ARTICLES
		OF INCORPORATION OF THE BANK
		TO: ALLOW THE ISSUANCE OF
		PREFERRED SHARES
	4d	TO APPROVE THE PROPOSED		For	Against		Mgmt
		AMENDMENTS TO THE ARTICLES
		OF INCORPORATION OF THE BANK
		TO: AUTHORIZE A NEW CLASS OF
		COMMON SHARES
	5	TRANSACT OTHER BUSINESS		None	None		Mgmt
		(NON-VOTING)
Mgmt Rec - Company Management Recommended Vote								Page 19

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/18/09 - A	Banco Santander S.A.		E19790109			None		1,193
	1	Accept Individual and Consolidated		For	For		Mgmt
		Financial Statements and Statutory
		Reports and Discharge Directors for
		Fiscal Year Ended December 31, 2008
	2	Approve Allocation of Income		For	For		Mgmt
	3	Elect Directors		For	For		Mgmt
	4	Reelect Auditors for Fiscal Year 2009		For	For		Mgmt
	5	Authorize Repurchase of Shares in		For	For		Mgmt
		Accordance With Article 75 of
		Corporate Law; Void Authorization
		Granted on June 21, 2008
	6	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights in Accordance to Article 153 1.a)
		of the Spanish Corporate Law; Void
		Authorization Granted at the AGM held
		on June 21, 2008
	7	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities up to Aggregate
		Nominal Amount of EUR 2.04 Billion
		without Preemptive Rights
	8	Authorize Capitalization of Reserves of		For	For		Mgmt
		0.5: 1 Bonus Issue; Amend Article 5
		Accordingly
	9	Grant Board Authorization to Issue		For	For		Mgmt
		Convertible and/or Exchangeable Debt
		Securities without Preemptive Rights
	10.1	Approve Bundled Incentive Plans		For	For		Mgmt
		Linked to Predetermined Requirements
		such as Total Return Results and EPS
	10.2	Approve Savings Plan for Abbey		For	For		Mgmt
		National Plc' Employees and other
		Companies of Santander Group in the
		U.K.
	10.3	Approve Issuance of 100 Shares to		For	For		Mgmt
		Employees of Sovereign Subsidiary
	11	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
04/29/09 - A	Bank of America Corp. *BAC*		060505104			03/04/09		1,114
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director William Barnet, III --- For
	1.2	Elect Director Frank P. Bramble, Sr. ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
Mgmt Rec - Company Management Recommended Vote								Page 20

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		company execs.
	1.3	Elect Director Virgis W. Colbert --- For
	1.4	Elect Director John T. Collins --- For
	1.5	Elect Director Gary L. Countryman ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director Tommy R. Franks --- For
	1.7	Elect Director Charles K. Gifford --- For
	1.8	Elect Director Kenneth D. Lewis ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	1.9	Elect Director Monica C. Lozano ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	1.10	Elect Director Walter E. Massey --- For
	1.11	Elect Director Thomas J. May --- For
	1.12	Elect Director Patricia E. Mitchell ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.13	Elect Director Joseph W. Prueher ---
		For
	1.14	Elect Director Charles O. Rossotti ---
		For
	1.15	Elect Director Thomas M. Ryan ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.16	Elect Director O. Temple Sloan, Jr. ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs; comp committee member during
Mgmt Rec - Company Management Recommended Vote								Page 21

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		period of poor pay practices.
	1.17	Elect Director Robert L. Tillman ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	1.18	Elect Director Jackie M. Ward ---
		Against
		Board member in position of leadership during period
		of significant loss in shareholder value through
		asquisition for which sound due diligence was not
		performed, full risks were not disclosed to
		shareholders and large bonuses were paid to target
		company execs.
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Poor pay practices.
	4	Report on Government Service of		Against	Against		ShrHoldr
		Employees
		Management responded meaningfully; evidence of
		non-compliance with current law or that proposal will
		result in improved shareholder returns.
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior proposals supported by PPC.
	6	Provide for Cumulative Voting		Against	Against		ShrHoldr
	7	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Sharehlders already have 25% right to call special
		meeting.
	8	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director already in plac.e
	9	Report on Predatory Lending Policies		Against	Against		ShrHoldr
		Management responded meaningfully; evidence of
		non-compliance with current law or that proposal will
		result in improved shareholder returns.
	10	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Management responded meaningfully; evidence of
		non-compliance with current law or that proposal will
		result in improved shareholder returns.
	11	TARP Related Compensation		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 22

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Not drafted clearly enought to achieve
		proponent’s goals without being overly
		restrictive to management.
04/23/09 - A	Barclays plc		G08036124			None		1,080
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
		Vote Recommendation The following concerns
		in respect to the Company's remuneration practices
		during the year were considered: - Contractual
		termination provisions including bonus
		element Although the Company has moved to
		cap potential average bonus elements included
		within termination payments for new appointees to no
		more than 100% of basic salary, this is still not
		considered sufficiently in line with ABI/NAPF
		remuneration guidelines which recommend against
		the use of guaranteed bonuses within termination
		arrangements. The Company is strongly
		encouraged to review the inclusion of bonus
		entitlements in its severance arrangements as
		retention of such features will likely result in a
		negative vote recommendation in respect of the
		Company’s remuneration report in future
		years based on the contractual right to a
		bonus. - Unreduced pension on early
		retirement The use of actuarial waivers is not in
		line with the ABI/NAPF's current recommendations
		regarding severance arrangements. Given the
		potential cost implications for the Company, it is
		deemed prudent that the Company reviews this
		element of the pension plan to avoid, where possible,
		significant payment obligations. - Performance
		Share Plan vesting schedule The use of a
		vesting scale that provides a maximum reward
		potential of three times' the size of the initial grant
		obscures visibility by shareholders of the true value
		of grants. The use of EV as the basis for the award
		may have a similar effect. The Company is
		recommended that a less complex approach is
		adopted for the new arrangements to be proposed
		during 2009. Recommendation A number of
		issues are noted in respect of the
		Company’s remuneration practices which
		are not deemed in line with good practices, in
		particular those contractually enshrined within
		service contracts and pension scheme rules.
		Whereas these issues are highlighted in this
		occasion, the retention of such features will likely
Mgmt Rec - Company Management Recommended Vote								Page 23

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		result in a negative vote recommendation in respect
		of the Company’s remuneration report in
		future years. Given the Company’s
		strong remuneration disclosure and moves made
		towards good practice, shareholders are
		recommended to approve the remuneration report
		this year. [VOTE RECOMMENDATION:
		CONTENTIOUS FOR]
	3	Elect Simon Fraser as Director		For	For		Mgmt
	4	Re-elect Marcus Agius as Director		For	For		Mgmt
		Vote Recommendation Given			the
		Company’s turnaround in respect of
		proactive shareholder engagement, and the fact that
		the capital raising has now been completed and
		contractual obligations been entered into, as well as
		the Company’s strong relative financial
		performance since 2009, it is not considered
		appropriate to vote against the re-election of Marcus
		Agius. Shareholders are therefore recommended to
		support his re-election, but continue to monitor
		closely the Board’s level of engagement
		with shareholders and protection of their
		interests. [VOTE RECOMMENDATION:
		CONTENTIOUS FOR]
	5	Re-elect David Booth as Director		For	For		Mgmt
	6	Re-elect Sir Richard Broadbent as		For	For		Mgmt
		Director
	7	Re-elect Richard Clifford as Director		For	For		Mgmt
	8	Re-elect Fulvio Conti as Director		For	For		Mgmt
	9	Re-elect Robert Diamond Jr as Director		For	For		Mgmt
	10	Re-elect Sir Andrew Likierman as		For	For		Mgmt
		Director
	11	Re-elect Christopher Lucas as Director		For	For		Mgmt
	12	Re-elect Sir Michael Rake as Director		For	For		Mgmt
	13	Re-elect Stephen Russell as Director		For	For		Mgmt
	14	Re-elect Frederik Seegers as Director		For	For		Mgmt
	15	Re-elect Sir John Sunderland as		For	For		Mgmt
		Director
	16	Re-elect John Varley as Director		For	For		Mgmt
	17	Re-elect Patience Wheatcroft as		For	For		Mgmt
		Director
	18	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	19	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	20	Authorise Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Organisations up
		to GBP 25,000 and Incur EU Political
		Expenditure up to GBP 100,000
	21	Approve Increase in Authorised		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 24

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Ordinary Share Capital from GBP
		3,499,000,000 to GBP 5,249,000,000
	22	Issue Equity with Pre-emptive Rights		For	For		Mgmt
		Under a General Authority up to GBP
		738,016,774, USD 77.5M, EUR 40.0M,
		JPY 4.0B and an Additional Amt
		Pursuant to a Rights Issue up to GBP
		1,396,033,549 After Deducting Any
		Securities Issued Under the General
		Authority
	23	Subject to the Passing of Resolution		For	For		Mgmt
		22, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 104,702,516
	24	Authorise 837,620,130 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	25	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
04/30/09 - A	BASF SE (formerly BASF AG) D06216101					04/09/09		153
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.95 per Share
	3	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify KPMG AG as Auditors for Fiscal		For	For		Mgmt
		2009
	6	Elect Supervisory Board Member		For	For		Mgmt
	7	Approve Creation of EUR 500 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	8	Amend Articles Re: First Supervisory		For	For		Mgmt
		Board of BASF SE
	9	Approve Remuneration of Supervisory		For	For		Mgmt
		Board
05/12/09 - A	Bayer AG		D07112119			04/21/09		104
	1	Receive Financial Statements and		For	For		Mgmt
		Statutory Reports; Approve Allocation
		of Income and Dividends of EUR 1.40
		per Share for Fiscal 2008
	2	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
Mgmt Rec - Company Management Recommended Vote								Page 25

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	4	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	5	Approve Conversion of Bearer Shares		For	For		Mgmt
		into Registered Shares
	6	Amend Articles Re: Allow Electronic		For	For		Mgmt
		Distribution of Company
		Communications
	7	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
05/18/09 - A	BG Group plc		G1245Z108			None		503
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 6.55 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Elect Sir David Manning as Director		For	For		Mgmt
	5	Elect Martin Houston as Director		For	For		Mgmt
	6	Re-elect Sir Robert Wilson as Director		For	For		Mgmt
	7	Re-elect Frank Chapman as Director		For	For		Mgmt
	8	Re-elect Ashley Almanza as Director		For	For		Mgmt
	9	Re-elect Jurgen Dormann as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	12	Authorise the Company to Make EU		For	For		Mgmt
		Political Donations to Political Parties or
		Independent Election Candidates up to
		GBP 15,000, to Political Organisations
		Other Than Political Parties up to GBP
		15,000 and Incur EU Political
		Expenditure up to GBP 20,000
	13	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from GBP
		500,000,001 to GBP 600,000,001
	14	Issue of Equity with Pre-emptive Rights		For	For		Mgmt
		Under General Authority up to
		Aggregate Nominal Amount of GBP
		116,481,140 and Additional Amount
		Pursuant to a Rights Issue of up to
		GBP 111,926,886
	15	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount GBP 16,789,033
	16	Authorise 335,780,660 Ordinary Shares		For	For		Mgmt
		for Market Purchase
Mgmt Rec - Company Management Recommended Vote								Page 26

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	17	Amend Articles of Association Re:		For	For		Mgmt
		Form of the Company's Share Capital
	18	Adopt New Articles of Association		For	For		Mgmt
	19	Approve That a General Meeting, Other		For	For		Mgmt
		Than an Annual General Meeting, May
		Be Called on Not Less Than 14 Clear
		Days' Notice
04/28/09 - A	Bio-Rad Laboratories, Inc.		090572207			03/02/09		50
	*BIO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/12/09 - A	BioMarin Pharmaceutical Inc.		09061G101			03/23/09		159
	*BMRN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/10/09 - A	Blyth, Inc. *BTH*		09643P207			04/13/09		259
	1	Elect Directors		For	For		Mgmt
05/13/09 -	BNP Paribas		F1058Q238			05/08/09		119
A/S
		Ordinary Business
	1	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	2	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.00 per Share
	4	Approve Auditors' Special Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Ordinary Share
		Capital
	6	Reelect Claude Bebear as Director		For	For		Mgmt
		Due to their overboardings (more than three
		directorships, outside the group and in listed
		companies, for an executive), the reelection of Jean-
		Louis Beffa and Denis Kessler do not warrant
		support (Items 7 and 8). However, the
		reelections of Claude Bébéar, Laurence
		Parisot, and Michel Pébereau (Items 6, 9, and
		10) warrant support.
	7	Reelect Jean-Louis Beffa as Director		For	Against		Mgmt
	8	Reelect Denis Kessler as Director		For	Against		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 27

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	9	Reelect Laurence Parisot as Director		For	For		Mgmt
	10	Reelect Michel Pebereau as Director		For	For		Mgmt
		Special Business
	11	Approve Contribution in Kind of		For	For		Mgmt
		98,529,695 Fortis Banque Shares by
		Societe Federale de Participations et
		d'Investissement (SFPI)
	12	Approve Contribution in Kind of		For	For		Mgmt
		4,540,798 BGL SA Shares by Grand
		Duchy of Luxembourg
	13	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	14	Amend Bylaws to Reflect Amendment		For	For		Mgmt
		to Terms and Conditions of Class B
		Shares
	15	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	16	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
04/16/09 - A	BP plc		G12793108			None		2,934
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
		Vote Recommendation In arriving at a vote
		recommendation on the Company's remuneration
		report for 2008, the Remuneration Committee's use
		of discretion to authorise the vesting of 15% of the
		2006-08 award under the EDIP remains of major
		concern. The Company defended the Committee's
		decision by citing the following factors to justify this
		partial vesting: (i) Although in last place on a
		common currency basis, the Company's relative TSR
		performance on a local currency basis was
		'clustered' with its European competitors; (ii) the
		partial vesting decision was taken after assessing the
		Company's underlying business performance against
		the European comparators, which demonstrated that
		BP were ahead in some areas and behind in others;
		(iii) the Committee's discretion to assess underlying
		performance is specifically permitted under the rules
		of the plan as approved by shareholders in 2005; and
		(iv) the Committee has not previously exercised its
		discretion to vary EDIP awards upwards by taking
		account underlying business
		performance. Whilst the third and the fourth
		points are matters of fact, the following concerns
		remain regarding the first two points: (i) the
		Company’s performance on a local currency
Mgmt Rec - Company Management Recommended Vote								Page 28

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		basis was fourth place in the five company
		comparator group; (ii) the Company did not
		sufficiently disclose the supporting metrics and
		rationale to vindicate the use of discretion to
		determine the vesting of awards where the
		established TSR condition was not met. Whilst
		the Company outlined the Committee's reasons for
		approving the vesting of awards in broad terms, the
		explanations do not fully justify the approval of the
		awards. After careful consideration of the
		explanations provided by the Company, shareholders
		are recommended to oppose this resolution because,
		in the absence of clarity and disclosure regarding the
		specific underlying business metrics used by the
		Committee to reach its conclusion, it is difficult for a
		shareholders to be convinced that proper use of
		discretion has been applied in this case. It is
		noted that the Company has amended the
		performance targets for the EDIP going forward to
		take account of underlying business performance
		metrics. The Company is encouraged to provide
		detailed disclosure of the impact of these operating
		measures in the determination of the vesting levels of
		these future awards. Shareholders are
		recommended to vote AGAINST this resolution.
	3	Re-elect Antony Burgmans as Director		For	For		Mgmt
	4	Re-elect Cynthia Carroll as Director		For	For		Mgmt
	5	Re-elect Sir William Castell as Director		For	For		Mgmt
	6	Re-elect Iain Conn as Director		For	For		Mgmt
	7	Re-elect George David as Director		For	For		Mgmt
	8	Re-elect Erroll Davis, Jr as Director		For	For		Mgmt
	9	Elect Robert Dudley as Director		For	For		Mgmt
	10	Re-elect Douglas Flint as Director		For	For		Mgmt
	11	Re-elect Dr Byron Grote as Director		For	For		Mgmt
	12	Re-elect Dr Tony Hayward as Director		For	For		Mgmt
	13	Re-elect Andy Inglis as Director		For	For		Mgmt
	14	Re-elect Dr DeAnne Julius as Director		For	For		Mgmt
	15	Re-elect Sir Tom McKillop as Director		For	Against		Mgmt
		Vote Recommendation The exceptional
		circumstances surrounding Sir Tom
		McKillop’s former role at RBS and his
		chairmanship of that company’s board
		during such a difficult period make voting on his re-
		election at BP difficult judgement call. For the
		purposes of this recommendation, it is appropriate to
		consider the impact that his former role at RBS may
		have on his continuing role at BP. Given the
		importance of judging each director’s
		(re)election on a case-by-case basis, shareholders
		should note that this vote recommendation has been
		reached only after extensive engagement with the
Mgmt Rec - Company Management Recommended Vote								Page 29

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/		Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues	Security	Rec	Cast	Date	Prpnent	Voted
	Company and much thought and consideration.
	The Board of BP remains satisfied that Sir Tom
	McKillop brings skills and experience to the
	Company from a scientific, engineering and
	technological perspective. The Company has also
	stated that the Board’s remains satisfied
	that Sir Tom McKillop has played a key role in the
	two Committees of which he is a member –
	the Remuneration Committee and the Safety, Ethics
	and Environmental Assurance Committee (SSEAC) -
	citing that he has had an integral role in helping the
	SSEAC improve BP’s safety record in
	recent years. Whilst the Company has provided
	explanations for its decision to recommend Sir Tom
	McKillop for re-election, and whilst such
	considerations should certainly not be dismissed, his
	former role at RBS undoubtedly raises questions as
	to his suitability to continue to sit on the Board of BP.
	Ultimately, the damage caused to Sir Tom
	McKillop’s reputation by presiding over such
	a massive corporate loss whilst chairman of RBS
	cannot be disregarded. Therefore, to properly
	evaluate this proposal, the following two questions
	should need to be answered: 1. Does the
	combination of: (a) the questions raised over whether
	the RBS Board took sufficient account of the
	execution and commercial risks associated with the
	acquisition of ABN Amro and the broader business
	strategy in light of the bank’s rapid descent
	to its present status; (b) the ancillary remuneration
	and governance issues associated with RBS; and (c)
	Sir Tom McKillop’s responsibility for the
	foregoing as Chairman of the RBS board; create a
	credible and material doubt as to his continuing
	suitability to fulfill the role of an independent NED
	and contribute positively to the oversight of
	management and the protection of shareholder
	interests over the long-term at BP? 2. Did the
	Board of BP take sufficient account of the above
	question in making its own recommendation with
	respect to Sir Tom McKillop’s re-
	election? Following exhaustive consideration of
	the foregoing factors, it is concluded in this analysis
	that the answer to the first question posed is
	‘yes’ and the  second is
	‘no’. Accordingly, whilst mindful of
	the point that Sir Tom McKillop's roles and
	performance at RBS and BP are not analogous, it
	would be prudent for shareholders to oppose Sir Tom
	McKillop's re-election. Shareholders are
	recommended to vote AGAINST the re-election of
Mgmt Rec - Company Management Recommended Vote							Page 30

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		this candidate.
	16	Re-elect Sir Ian Prosser as Director		For	For		Mgmt
	17	Re-elect Peter Sutherland as Director		For	For		Mgmt
	18	Reappoint Ernst & Young LLP as		For	For		Mgmt
		Auditors and Authorise Board to Fix
		Their Remuneration
	19	Authorise 1,800,000,000 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	20	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 1,561,000,000
	21	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 234,000,000
	22	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
04/30/09 - A	British American Tobacco		G1510J102			None		152
	plc
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 61.6 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	5	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	6 (a)	Re-elect Paul Adams as Director		For	For		Mgmt
	6 (b)	Re-elect Jan du Plessis as Director		For	For		Mgmt
	6 (c)	Re-elect Robert Lerwill as Director		For	For		Mgmt
	6 (d)	Re-elect Sir Nicholas Scheele as		For	For		Mgmt
		Director
	7	Elect Gerry Murphy as Director		For	For		Mgmt
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 166,359,108
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 24,953,866
	10	Authorise 199,600,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	11	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
Mgmt Rec - Company Management Recommended Vote								Page 31

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Donations to Political Parties or
		Independent Election Candidates, to
		Political Organisations Other than
		Political Parties and to Incur EU
		Political Expenditure up to GBP
		1,000,000
		Vote Recommendation The Company is seeking
		a four-year authority to make political donations and
		incur political expenditure within the EU, the
		Company has outlined that the authority is sought
		merely to enable it to operate without running the risk
		of being in breach of a law which is subject to varying
		interpretations. The Company states in the notice of
		meeting that it does not intend to utilise the authority.
		The previous four-year authority granted at the 2005
		AGM was not utilised. The Company confirmed
		that in the event that the authority is used, the NAPF
		request for the authority to be renewed at the
		following AGM would be referred to the Board for
		consideration. As the Company provided this
		commitment and as the Company did not make any
		political donations during the period of the previous
		four-year authority, shareholders are advised to vote
		FOR this item. However, the fact that length of the
		proposed authority diverges from NAPF policy
		guidelines is highlighted via a contentious for
		recommendation.      [Vote Recommendation:
		CONTENTOUS FOR]
	12	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
	13	Adopt New Articles of Association with		For	For		Mgmt
		Effect from 01 October 2009
05/07/09 - A	Bruker Corp. *BRKR*		116794108			03/31/09		300
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Bucyrus International, Inc.		118759109			03/13/09		155
	*BUCY*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Paul W. Jones ---
		Withhold
		Comp committee member during period of poor pay
		practices
	1.2	Elect Director Robert L. Purdum ---
		Withhold
Mgmt Rec - Company Management Recommended Vote								Page 32

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Comp committee member during period of poor pay
		practices
	1.3	Elect Director Timothy W. Sullivan ---
		For
	2	Ratify Auditors		For	For		Mgmt
05/21/09 - A	Buffalo Wild Wings, Inc.		119848109			03/30/09		134
	*BWLD*
	1	Fix Number of Directors at Seven		For	For		Mgmt
		Current number if directors is 7; no evidence of
		entrenchment.
	2	Elect Directors		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Adopt Purchasing Preference for		Against	Against		ShrHoldr
		Suppliers Using CAK
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/23/09 - A	Burlington Northern Santa Fe 12189T104					02/27/09		101
	Corp. *BNI*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Language consistant with prior proposals supported
		by PPC.
	4	Amend Bylaws-- Call Special Meetings		Against	Against		ShrHoldr
		Company already has 25% right to call special
		meeting.
	5	Report on Political Contributions		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		company is not in comliance with current law or that
		proposal will improve economic results beyond what
		can be accomplished under current policies.
04/23/09 - A	Capital One Financial Corp.		14040H105			02/23/09		460
	*COF*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Richard D. Fairbank ---
		For
	1.2	Elect Director E.R. Campbell --- Against
		Comp committee member during period of poor lay
Mgmt Rec - Company Management Recommended Vote								Page 33

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		practices.
	1.3	Elect Director Bradford H. Warner ---
		For
	1.4	Elect Director Stanley Westreich ---
		Against
		Comp committee member during period of poor lay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Advisory Vote on Executive		For	Against		Mgmt
		Compensation
		NEO CIC with tax gross-ups.
04/28/09 -	Carrefour		F13923119			04/23/09		112
A/S
		Special Business
	1	Approve Financial Statements and		For	For		Mgmt
		Discharge Directors
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Transaction with Jose-Luis		For	For		Mgmt
		Duran Re: Severance Payments
	4	Approve Transaction with Lars		For	For		Mgmt
		Olofsson Re: Severance Payments
	5	Approve Treatment of Losses and		For	For		Mgmt
		Dividends of EUR 1.08 per Share
	6	Elect Lars Olofsson as Director		For	For		Mgmt
	7	Reelect Rene Abate as Director		For	For		Mgmt
	8	Reelect Nicolas Bazire as Director		For	For		Mgmt
	9	Reelect Jean-Martin Folz as Director		For	For		Mgmt
	10	Reappoint Deloitte & Associes as		For	For		Mgmt
		Audito and BEAS as Alternate Auditor
	11	Reappoint KPMG as Auditor		For	For		Mgmt
	12	Ratify Bernard Perot as Alternate		For	For		Mgmt
		Auditor
	13	Authorize Repurchase of Up to 10		For	Against		Mgmt
		Percent of Issued Share Capital
		Special Business
	14	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	15	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 500 Million
	16	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 350 Million
	17	Authorize Board to Increase Capital in		For	Against		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 34

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	18	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 500 Million for Bonus Issue
		or Increase in Par Value
	19	Authorize up to 3 Percent of Issued		For	Against		Mgmt
		Capital for Use in Stock Option Plan
	20	Authorize up to 0.2 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock Plan
	21	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	22	Approve Employee Stock Purchase		For	For		Mgmt
		Plan for International Employees
06/10/09 - A	Caterpillar Inc. *CAT*		149123101			04/13/09		190
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Daniel M. Dickinson ---
		For
	1.2	Elect Director David R. Goode --- For
	1.3	Elect Director James W. Owens --- For
	1.4	Elect Director Charles D. Powell --- For
		Sits on 6 boards but plans to resign from one.
	1.5	Elect Director Joshua I. Smith --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		Against	For		ShrHoldr
	4	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
	5	Report on Foreign Military Sales		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	6	Adopt Simple Majority Vote Standard		Against	For		ShrHoldr
	7	Limitation on Compensation Consultant		Against	Against		ShrHoldr
		Services
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	8	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	9	Report on Lobbying Priorities		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
Mgmt Rec - Company Management Recommended Vote								Page 35

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/30/09 - A	Central European		153435102			03/03/09		66
	Distribution Corporation
	*CEDC*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director William V. Carey --- For
	1.2	Elect Director David Bailey --- Withhold
		Comp committee member during period			of
		pay/performance disconnect and poor pay practices.
	1.3	Elect Director N. Scott Fine --- For
	1.4	Elect Director Marek Forysiak --- For
	1.5	Elect Director Robert P. Koch --- For
	1.6	Elect Director Jan W. Laskowski ---
		Withhold
		Comp committee member during period			of
		pay/performance disconnect and poor pay practices.
	1.7	Elect Director Markus Sieger --- For
	1.8	Elect Director Sergey Kupriyanov ---
		For
	2	Ratify Auditors		For	For		Mgmt
04/21/09 -	CF Industries Holdings, Inc.		125269100			03/16/09		90
PC	*CF*
		Management Proxy (White Card)
	1.1	Elect Director Stephen A. Furbacher		For	For		Mgmt
		Dissident did not prove case for change.
	1.2	Elect Director David R. Harvey		For	For		Mgmt
		Dissident did not prove case for change.
	1.3	Elect Director John D. Johnson		For	For		Mgmt
		Dissident did not prove case for change.
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
		Dissident Proxy (Green Card)
	1.1	Elect Director Stephen A. Furbacher		Withhold	None		ShrHoldr
	1.2	Elect Director David R. Harvey		Withhold	None		ShrHoldr
	1.3	Elect Director John D. Johnson		Withhold	None		ShrHoldr
	2	Ratify Auditors		For	None		Mgmt
	3	Approve Omnibus Stock Plan		For	None		Mgmt
05/06/09 - A	Champion Enterprises, Inc.		158496109			03/10/09		1,925
	*CHB*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert W. Anestis ---
		Withhold
		Comp committee member during period			of
Mgmt Rec - Company Management Recommended Vote								Page 36

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		pay/performance disconnect and poor pay practices.
	1.2	Elect Director Eric S. Belsky ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.3	Elect Director William C. Griffiths --- For
	1.4	Elect Director Selwyn Isakow --- For
	1.5	Elect Director G. Michael Lynch --- For
	1.6	Elect Director Thomas A. Madden ---
		For
	1.7	Elect Director Shirley D. Peterson ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	2	Ratify Auditors		For	For		Mgmt
05/27/09 - A	Chevron Corporation *CVX*		166764100			04/01/09		629
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Executive Incentive Bonus Plan		For	For		Mgmt
	4	Amend Omnibus Stock Plan		For	For		Mgmt
	5	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholders already have right to call special
		meeting (25%).
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
	7	Adopt Quantitative GHG Goals for		Against	Against		ShrHoldr
		Products and Operations
		Company appears to be addressing proponents
		issues though it may have different views on certain
		solutions. Management responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will result in improved shareholder returns.
	8	Adopt Guidelines for Country Selection		Against	Against		ShrHoldr
		Company appears to be addressing proponents
		issues though it may have different views on certain
		solutions. Management responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will result in improved shareholder returns.
	9	Adopt Human Rights Policy		Against	Against		ShrHoldr
		Current policies appear to address the
		proposal’s intent. Management responded
		meaningfully; no evidence of non-compliance with
Mgmt Rec - Company Management Recommended Vote								Page 37

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		current law or that proposal will result in improved
		shareholder returns.
	10	Report on Market Specific		Against	Against		ShrHoldr
		Environmental Laws
		Company appears to be addressing proponents
		issues though it may have different views on certain
		solutions. Management responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will result in improved shareholder returns.
04/21/09 - A	Citigroup Inc. *C*		172967101			02/27/09		1,316
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director C. Michael Armstrong ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.2	Elect Director Alain J.P. Belda ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.3	Elect Director John M. Deutch ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.4	Elect Director Jerry A. Grundhofer ---
		For
	1.5	Elect Director Andrew N. Liveris --- For
	1.6	Elect Director Anne Mulcahy --- For
	1.7	Elect Director Michael E. O'Neill --- For
	1.8	Elect Director Vikram Pandit --- For
	1.9	Elect Director Richard D. Parsons ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.10	Elect Director Lawrence R. Ricciardi ---
		For
	1.11	Elect Director Judith Rodin --- For
	1.12	Elect Director Robert L. Ryan --- For
	1.13	Elect Director Anthony M. Santomero --
		- For
	1.14	Elect Director William S. Thompson, Jr.
		--- For
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
	4	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
Mgmt Rec - Company Management Recommended Vote								Page 38

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Pay/performance disconnect and poor pay practices.
	5	Disclose Prior Government Service		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	6	Report on Political Contributions		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	7	Report on Predatory Lending Policies		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	8	Require More Director Nominations		Against	Against		ShrHoldr
		Than Open Seats
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that proposal could be implemented in a
		productive way.
	9	Prepare Carbon Principles Report		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	10	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Adequate stock retention policies already in place.
	11	Disclose Information on Compensation		Against	Against		ShrHoldr
		Consultant
		Mgmt responded meaningfully; no evidence that
		proposal would result in improved shareholder
		returns or that company is not in complaince with
		current law.
	12	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholder already have right to act by written
		consent and call special meeting (25%).
	13	Restore or Provide for Cumulative		Against	Against		ShrHoldr
		Voting
05/13/09 - A	Comcast Corp. *CMCSA*		20030N101			03/04/09		753
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director S. Decker Anstrom ---
Mgmt Rec - Company Management Recommended Vote								Page 39

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Withhold
		Comp committee member during period of poor pay
		practives. Short and long term incentive plans use
		same performance targets; awards are earned once
		and paid twice. CEO (14.2% base salary) and other
		NEO personal use of corporate aircraft considerably
		above industry norm (8% base salary).			12%
		guaranteed interest paid on NEO deferred comp
		while employed; prime plus 1 paid after employment.
		Tax gross-ups paid on split dollar life insurance
		premiums.
	1.2	Elect Director Kenneth J. Bacon --- For
	1.3	Elect Director Sheldon M. Bonovitz ---
		For
	1.4	Elect Director Edward D. Breen --- For
	1.5	Elect Director Julian A. Brodsky --- For
	1.6	Elect Director Joseph J. Collins ---
		Withhold
		Comp committee member during period of poor pay
		practives. Short and long term incentive plans use
		same performance targets; awards are earned once
		and paid twice. CEO (14.2% base salary) and other
		NEO personal use of corporate aircraft considerably
		above industry norm (8% base salary).			12%
		guaranteed interest paid on NEO deferred comp
		while employed; prime plus 1 paid after employment.
		Tax gross-ups paid on split dollar life insurance
		premiums.
	1.7	Elect Director J. Michael Cook --- For
	1.8	Elect Director Gerald L. Hassell --- For
	1.9	Elect Director Jeffrey A. Honickman ---
		For
	1.10	Elect Director Brian L. Roberts --- For
	1.11	Elect Director Ralph J. Roberts --- For
	1.12	Elect Director Dr. Judith Rodin ---
		Withhold
		Comp committee member during period of poor pay
		practives. Short and long term incentive plans use
		same performance targets; awards are earned once
		and paid twice. CEO (14.2% base salary) and other
		NEO personal use of corporate aircraft considerably
		above industry norm (8% base salary).			12%
		guaranteed interest paid on NEO deferred comp
		while employed; prime plus 1 paid after employment.
		Tax gross-ups paid on split dollar life insurance
		premiums.
	1.13	Elect Director Michael I. Sovern ---
		Withhold
Mgmt Rec - Company Management Recommended Vote								Page 40

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		industry norm (8% base salary). 12% guaranteed
		interest paid on NEO deferred comp while employed;
		prime plus 1 paid after employment. Tax gross-ups
		paid on split dollar life insurance premiums.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Amend Restricted Stock Plan		For	For		Mgmt
	5	Amend Stock Option Plan		For	For		Mgmt
	6	Increase Disclosure of Executive		Against	Against		ShrHoldr
		Compensation
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	7	Seek Shareholder Approval on Certain		Against	Against		ShrHoldr
		Future Death Benefit Arrangements
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	8	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding advisory ratification proposal
		consistently supported by PPC.
	9	Adopt a Recapitalization Plan		Against	For		ShrHoldr
		One vote per share; end dual class stock.
05/13/09 - A	ConocoPhillips *COP*		20825C104			03/16/09		472
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
	4	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification consistent with
		prior proposals supported by PPC.
	6	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	7	Adopt Quantitative GHG Goals for		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 41

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Products and Operations
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	8	Report on Environmental Impact of Oil		Against	Against		ShrHoldr
		Sands Operations in Canada
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	9	Require Director Nominee		Against	Against		ShrHoldr
		Qualifications
		Management responded meaningfully; adequate
		process already in place; no evidence that proposal
		will improve shareholder returns.
05/05/09 - A	Consolidated		209034107			03/18/09		270
	Communications Holdings,
	Inc. *CNSL*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 1.83% is within allowable cap of
		20.36%.
05/05/09 - A	Cross Country Healthcare,		227483104			03/05/09		326
	Inc. *CCRN*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/12/09 - A	Cummins , Inc. *CMI*		231021106			03/16/09		277
	1	Elect Director Robert J. Bernhard		For	For		Mgmt
	2	Elect Director Robert J. Darnall		For	For		Mgmt
	3	Elect Director Robert K. Herdman		For	For		Mgmt
	4	Elect Director Alexis M. Herman		For	For		Mgmt
	5	Elect Director N. Thomas Linebarger		For	For		Mgmt
	6	Elect Director William I. Miller		For	For		Mgmt
	7	Elect Director Georgia R. Nelson		For	For		Mgmt
	8	Elect Director Theodore M. Solso		For	For		Mgmt
	9	Elect Director Carl Ware		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Amend Omnibus Stock Plan		For	For		Mgmt
	12	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	13	Adopt and Implement ILO-based		Against	Against		ShrHoldr
		Human Rights Policy
Mgmt Rec - Company Management Recommended Vote								Page 42

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Management responded meaningfully; has already
		adopted core provisions of ILO Human Rights Policy;
		no evidence of non-compliance with current law or
		that proposal will improve shareholder returns.
05/06/09 - A	CVS Caremark Corp *CVS*		126650100			03/12/09		421
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
		Currently no right to call special meeting; written
		consent requires 100% (not realistic).
	4	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	5	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		company not in compliance with current law or that
		proposal will result in improved shareholder returns.
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of comp as
		disclosed in proxy statement.
04/08/09 - A	Daimler AG		D1668R123			None		150
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.60 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify KPMG AG as Auditors for Fiscal		For	For		Mgmt
		2009
	6	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Authorize Use of Financial Derivatives		For	For		Mgmt
		when Repurchasing Shares
	8	Elect Supervisory Board Member		For	For		Mgmt
	9	Approve Affiliation Agreements with		For	For		Mgmt
		EvoBus GmbH
	10	Amend Articles Re: Convocation of		For	For		Mgmt
		General Meeting due to New German
		Legislation (Law on Transposition of
Mgmt Rec - Company Management Recommended Vote								Page 43

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		EU Shareholders' Rights Directive)
	11	Approve Creation of EUR 1 Billion Pool		For	For		Mgmt
		of Capital without Preemptive Rights
05/05/09 - A	Danaher Corp. *DHR*		235851102			03/09/09		96
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
	4	Adopt Employment Contract		Against	Against		ShrHoldr
		Valid intent but drafted in an overly restrictive
		manner.
	5	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Management has responded meaningfully; stock
		retention guidelines are already in place and comp
		committee should have some lattitude to establish
		appropriate levels.
	6	Report on Mercury Product Policies		Against	Against		ShrHoldr
		Management has responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will improve shareholder returns.
04/23/09 -	Danone		F12033134			04/20/09		74
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.20 per Share
	4	Approve Stock Dividend Program		For	For		Mgmt
	5	Approve Auditors' Special Report		For	Against		Mgmt
		Regarding Related-Party Transactions
		Although the conditions attached to the ongoing
		severance payments transaction (relating to their
		corporate officers mandates) are stringent and
		measurable, the amount Franck Riboud, Jacques
		Vincent, Emmanuel Faber, and Bernard Hours may
		benefit from, added to the amount they may benefit
		from the collective bargaining agreement which
		applies to Groupe Danone's employee in the event
		that they would also be dismissed, may exceed twice
		the remuneration they received for the last ended
		fiscal year. Moreover, Emmanuel Faber and Bernard
		Hours may benefit from a non-compete clause, the
		amount of which would be added the preceding
		amount. Therefore, this resolution does not warrant
Mgmt Rec - Company Management Recommended Vote								Page 44

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		support.
	6	Reelect Richard Goblet d'Alviella as		For	Against		Mgmt
		Director
		For this market, if the proposed board does not
		consist of a majority of independent directors, the
		election or reelection of any non-independent director
		(except the CEO) is not recommended. At Groupe
		Danone, if all the elections proposed at this general
		meeting were approved, only 43 percent of the board
		of directors would be independent. Therefore, as
		Christian Laubie is not independent, his reelection
		does not merit support (item 7). As Jean Laurent,
		Hakan Mogren, Benoît Potier, and Guylaine
		Saucier are independent, their (re)elections are
		recommended (items 8, 9, 10, and
		11). Moreover, at this meeting, one of the
		nominees proposed for reelection, Richard Goblet
		d'Alviella, is an executive corporate officer (CEO of
		Sofina SA) and holds more than three directorships
		in listed companies outside the group (Groupe
		Danone SA, Delhaize Groupe, Caledonia
		Investments, and Eurazeo). Therefore, the reelection
		of this candidate does not warrant support (item 6).
	7	Reelect Christian Laubie as Director		For	Against		Mgmt
	8	Reelect Jean Laurent as Director		For	For		Mgmt
	9	Reelect Hakan Mogren as Director		For	For		Mgmt
	10	Reelect Benoit Potier as Director		For	For		Mgmt
	11	Elect Guylaine Saucier as Director		For	For		Mgmt
	12	Approve Remuneration of Directors in		For	For		Mgmt
		the Aggregate Amount of EUR 600,000
	13	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		As the share repurchase program cannot be
		continued during a takeover period, provided that the
		reciprocity principle applies, shareholders are
		advised to support the resolution.
	14	Approve Creation of Danone Eco-		For	For		Mgmt
		Systeme Fund
		Special Business
	15	Change Company Name to Danone		For	For		Mgmt
	16	Amend Article 7 of Bylaws Re:		For	For		Mgmt
		Delegation of Power in Case of Share
		Capital Increase
	17	Amend Articles 10 of Association Re:		For	For		Mgmt
		Shareholders Identification
	18	Amend Article 18 of Bylaws Re:		For	For		Mgmt
		Attendance to Board Meetings Through
		Videoconference and
		Telecommunication
	19	Amend Article 22 of Bylaws Re: Record		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 45

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Date
	20	Amend Article 26 of Bylaws Re:		For	For		Mgmt
		Electronic Voting
	21	Amend Article 27 of Bylaws Re:		For	For		Mgmt
		Delegation of Powers to the Board for
		the Issuance of Bonds
	22	Amend Articles 27 and 28 of		For	For		Mgmt
		Association Re: Quorum Requirements
		for Ordinary and Extraordinary General
		Meetings
	23	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 45 Million
		+ Capital increase with preemptive rights:			The
		potential capital increase with preemptive rights,
		under item 23, amounts to EUR 45 million, which
		represents 35 percent of issued share
		capital. The authorization is deemed acceptable
		for issuances with preemptive rights. + Capital
		increase without preemptive rights: Considering
		that the company provides under item 24 a binding
		priority right for existing shareholders to subscribe to
		the capital increase, our guideline for issuances
		without preemptive rights is 50 percent. Therefore, a
		potential capital increase of EUR 30 million (23.36
		percent of issued capital) is deemed acceptable for
		general requests to issue capital without preemptive
		rights with a binding priority right. Given their
		reasonable level of dilution, items 26 and 27 merit
		shareholders' support as well.
	24	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 30 Million
	25	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegations Submitted to
		Shareholder Vote Above
		The amount requested under this item would not
		exceed the limit set for issuances with preemptive
		rights under item 23 nor the limit set for issuances
		that do not respect preemptive rights under item 24.
		Therefore, the additional potential capital increases
		are deemed acceptable.
	26	Authorize Capital Increase of Up to		For	For		Mgmt
		EUR 25 Million for Future Exchange
		Offers
	27	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
Mgmt Rec - Company Management Recommended Vote								Page 46

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	28	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 33 Million for Bonus Issue
		or Increase in Par Value
		Dilution is not a problem when capital is increased
		using these scenarios, as this would merely transfer
		wealth to shareholders.
	29	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
		The potential dilution being acceptable, this proposal
		merits support.
	30	Authorize up to 6 Million Shares for Use		For	For		Mgmt
		in Stock Option Plan
	31	Authorize up to 2 Million Shares for Use		For	Against		Mgmt
		in Restricted Stock Plan
		Currently, there is no restricted stock plan at Groupe
		Danone. The volume proposed is not excessive and
		the company undertakes, in its 2008 registration
		document, to take into account the completion of the
		group targets and the performance of the group at
		the moment of the granting. However, the current
		absence of information on performance criteria
		(nature and target) warrants opposition to this
		proposal.
	32	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
		The amount of capital that may be cancelled is
		limited to 10 percent in any 24-month period.
	33	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/27/09 - A	Delta Petroleum Corp.		247907207			04/20/09		259
	*DPTR*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Roger A. Parker --- For
	1.2	Elect Director John R. Wallace --- For
	1.3	Elect Director Hank Brown --- For
	1.4	Elect Director Kevin R. Collins ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.5	Elect Director Jerrie F. Eckelberger ---
		Withhold
Mgmt Rec - Company Management Recommended Vote								Page 47

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.6	Elect Director Aleron H. Larson, Jr. ---
		For
	1.7	Elect Director Russell S. Lewis ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.8	Elect Director James J. Murren ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.9	Elect Director Jordan R. Smith ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices;
		1, 3 & 5 yr TSRs continually declining and below
		peers; CEO pay increasing and above peers;
		signficant portion of CEO increase due to time-
		vested awards.
	1.10	Elect Director Daniel J. Taylor --- For
	1.11	Elect Director James B. Wallace --- For
	1.12	Elect Director Anthony Mandekic --- For
	1.13	Elect Director Jean-Michel Fonck ---
		For
	2	Ratify Auditors		For	For		Mgmt
05/26/09 - A	Deutsche Bank AG		D18190898			None		84
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 48

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Board for Fiscal 2008
	5	Ratify KPMG AG as Auditors for Fiscal		For	For		Mgmt
		2009
	6	Authorize Repurchase of Up to Five		For	For		Mgmt
		Percent of Issued Share Capital for
		Trading Purposes
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Amend Articles Re: Registration for the		For	For		Mgmt
		General Meeting
	9	Amend Articles Re: Electronic Media		For	For		Mgmt
		Transmission of Annual Meeting due to
		New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
	10	Approve Creation of EUR 128 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	11	Approve Creation of EUR 176.6 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	12	Approve Creation of EUR 314.9 Million		For	For		Mgmt
		Pool of Capital with Preemptive Rights
	13	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 9
		Billion; Approve Creation of EUR 256
		Million Pool of Capital to Guarantee
		Conversion Rights
04/21/09 - A	Deutsche Post AG		D19225107			None		144
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.60 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
	6	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Authorize Use of Financial Derivatives		For	For		Mgmt
		when Repurchasing Shares
	8	Approve Creation of EUR 240 Million		For	For		Mgmt
		Pool of Capital without Preemptive
Mgmt Rec - Company Management Recommended Vote								Page 49

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Rights
	9a	Elect Ulrich Schroeder to the		For	For		Mgmt
		Supervisory Board
	9b	Elect Henning Kagermann to the		For	For		Mgmt
		Supervisory Board
	9c	Elect Stefan Schulte to the Supervisory		For	For		Mgmt
		Board
	10	Amend Articles Re: Proxy Voting and		For	For		Mgmt
		Location of General Meeting
04/30/09 - A	Deutsche Telekom AG		D2035M136			None		364
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.78 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Postponement of Discharge		For	For		Mgmt
		for Former Supervisory Board Member
		Klaus Zumwinkel for Fiscal 2008
	5	Approve Discharge of Supervisory		For	For		Mgmt
		Board Members, Excluding Klaus
		Zumwinkel, for Fiscal 2008
	6	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Elect Joerg Asmussen to the		For	For		Mgmt
		Supervisory Board
	9	Elect Ulrich Schroeder to the		For	For		Mgmt
		Supervisory Board
	10	Approve Affiliation Agreements with		For	For		Mgmt
		Subsidiary Interactive Media CCSP
		GmbH
	11	Approve Creation of EUR 2.2 Billion		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	12	Approve Creation of EUR 38.4 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	13	Amend Articles Re: Audio/Video		For	For		Mgmt
		Transmission of Annual Meeting due to
		New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
	14	Amend Articles Re: Attestation of		For	For		Mgmt
		Shareholding and Voting Rights
		Representation at Annual Meeting due
		to New German Legislation (Law on
Mgmt Rec - Company Management Recommended Vote								Page 50

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Transposition of EU Shareholders'
		Rights Directive)
04/28/09 - A	Digital Realty Trust Inc.		253868103			03/03/09		145
	*DLR*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/29/09 - A	E.I. Du Pont De Nemours &		263534109			03/04/09		259
	Co. *DD*
	1	Elect Director Samuel W. Bodman		For	For		Mgmt
	2	Elect Director Richard H. Brown		For	For		Mgmt
	3	Elect Director Robert A. Brown		For	For		Mgmt
	4	Elect Director Bertrand P. Collomb		For	For		Mgmt
	5	Elect Director Curtis J. Crawford		For	For		Mgmt
	6	Elect Director Alexander M. Cutler		For	For		Mgmt
	7	Elect Director John T. Dillon		For	For		Mgmt
	8	Elect Director Eleuthere I. Du Pont		For	For		Mgmt
	9	Elect Director Marillyn Hewson		For	For		Mgmt
	10	Elect Director Charles O. Holliday, Jr.		For	For		Mgmt
	11	Elect Director Lois D. Juliber		For	For		Mgmt
	12	Elect Director Ellen J. Kullman		For	For		Mgmt
	13	Elect Director William K. Reily		For	For		Mgmt
	14	Ratify Auditors		For	For		Mgmt
	15	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior non-binding shareholder
		ratification of exec comp proposals supported by
		PPC.
05/06/09 - A	E.ON AG (formerly Veba AG)		D24914133			None		290
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Elect Jens Heyerdahl to the		For	For		Mgmt
		Supervisory Board
	6a	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
	6b	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for the Inspection of the
		Abbreviated Financial Statements for
		the First Half of Fiscal 2009
Mgmt Rec - Company Management Recommended Vote								Page 51

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares; Authorize Use of
		Financial Derivatives When
		Repurchasing Shares
	8	Approve Creation of EUR 460 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	9a	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 5
		Billion; Approve Creation of EUR 175
		Million Pool of Capital to Guarantee
		Conversion Rights
	9b	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 5
		Billion; Approve Creation of EUR 175
		Million Pool of Capital to Guarantee
		Conversion Rights
	10	Amend Corporate Purpose		For	For		Mgmt
	11a	Amend Articles Re: Audio and Video		For	For		Mgmt
		Transmission at Annual Meeting due to
		New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
	11b	Amend Articles Re: Voting Rights		For	For		Mgmt
		Representation at Annual Meeting due
		to New German Legislation (Law on
		Transposition of EU Shareholders'
		Rights Directive)
	11c	Amend Articles Re: Convocation of		For	For		Mgmt
		Annual Meeting due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
	12	Approve Affiliation Agreement with		For	For		Mgmt
		E.ON Einundzwanzigste Verwaltungs
		GmbH
	13	Approve Affiliation Agreement with		For	For		Mgmt
		E.ON Zweiundzwanzigste Verwaltungs
		GmbH
04/29/09 - A	eBay Inc. *EBAY*		278642103			03/04/09		455
	1	Elect Directors		For	For		Mgmt
	2	Approve Stock Option Exchange		For	For		Mgmt
		Program
		Value enhancing to shareholders; excludes execs
		and non-employee directors.
Mgmt Rec - Company Management Recommended Vote								Page 52

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
06/09/09 - A	eHealth Inc *EHTH*		28238P109			04/17/09		234
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
		Executive officers will receive cash.
05/06/09 - A	EMC Corporation *EMC*		268648102			03/05/09		706
	1	Elect Director Michael W. Brown		For	For		Mgmt
	2	Elect Director Randolph L. Cowen		For	For		Mgmt
	3	Elect Director Michael J. Cronin		For	For		Mgmt
	4	Elect Director Gail Deegan		For	For		Mgmt
	5	Elect Director John R. Egan		For	For		Mgmt
	6	Elect Director W. Paul Fitzgerald		For	For		Mgmt
	7	Elect Director Edmund F. Kelly		For	For		Mgmt
	8	Elect Director Windle B. Priem		For	For		Mgmt
	9	Elect Director Paul Sagan		For	For		Mgmt
	10	Elect Director David N. Strohm		For	For		Mgmt
	11	Elect Director Joseph M. Tucci		For	For		Mgmt
	12	Ratify Auditors		For	For		Mgmt
	13	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	14	Permit Right to Call Special Meeting		For	For		Mgmt
		Currently 85%; will change to 40% for special
		meeting; currently written consent requires 100%.
	15	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of exec comp
		disclosed in proxy.
06/16/09 - A	Emcor Group, Inc. *EME*		29084Q100			04/20/09		119
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/28/09 - A	Encore Acquisition Company		29255W100			03/11/09		106
	*EAC*
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director I. Jon Brumley ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.2	Elect Director Jon S. Brumley ---
Mgmt Rec - Company Management Recommended Vote								Page 53

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.3	Elect Director John A. Bailey ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.4	Elect Director Martin C. Bowen ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.5	Elect Director Ted Collins, Jr. ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.6	Elect Director Ted A. Gardner ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.7	Elect Director John V. Genova ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	1.8	Elect Director James A. Winne III ---
		Withhold
		Adopted poison pill without submitting to shareholder
		vote.
	2	Ratify Auditors		For	For		Mgmt
04/29/09 -	ENEL SpA		T3679P115			None		744
A/S
		Ordinary Business
	1	Accept Financial Statements,		For	For		Mgmt
		Consolidated Financial Statements,
		and Statutory Reports
	2	Approve Allocation of Income		For	For		Mgmt
		Special Business
	1	Approve Capital Increase In The		For	For		Mgmt
		Maximum Amount of EUR 8 Billion With
		Preemptive Rights
04/30/09 - A	Eni Spa		T3643A145			None		413
		Ordinary Business
	1	Accept Financial Statements,		For	For		Mgmt
		Consolidated Financial Statements,
Mgmt Rec - Company Management Recommended Vote								Page 54

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		and Statutory Reports
	2	Approve Allocation of Income		For	For		Mgmt
06/09/09 - A	Equinix, Inc. *EQIX*		29444U502			04/20/09		59
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/28/09 - A	Exelon Corporation *EXC*		30161N101			03/02/09		139
	1	Elect Directors		For	For		Mgmt
	2	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	3	Ratify Auditors		For	For		Mgmt
	4	Report on Global Warming		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence of non-
		compliance with current law or that proposal would
		results in inmproved shareholder returns.
04/30/09 - A	Exterran Holdings, Inc. *EXH*		30225X103			03/05/09		135
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 7.85% exceeds allowable cap of
		7.31%.
05/27/09 - A	Exxon Mobil Corp. *XOM*		30231G102			04/06/09		1,459
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Provide for Cumulative Voting		Against	Against		ShrHoldr
	4	Amend Articles/Bylaws/Charter -- Call		Against	For		ShrHoldr
		Special Meetings
		Shareholders may not act by written consent
		Shareholders may not call special meetings
	5	Reincorporate in Another State [from		Against	Against		ShrHoldr
		New Jersey to North Dakota]
		Management responded meaningfully and can
		accomplish proponent’s goals without incurring
		expense of reincorporation.
	6	Require Independent Board Chairman		Against	Against		ShrHoldr
		Independent lead director in place.
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
	8	Compare CEO Compensation to		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 55

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Average U.S. per Capita Income
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	9	Review Anti-discrimination Policy on		Against	Against		ShrHoldr
		Corporate Sponsorships and Executive
		Perks
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	10	Amend EEO Policy to Prohibit		Against	Against		ShrHoldr
		Discrimination based on Sexual
		Orientation and Gender Identity
		Current policies appear to address the
		proposal’s intent. Management responded
		meaningfully; no evidence of non-compliance with
		current law or that proposal will result in improved
		shareholder returns.
	11	Adopt Quantitative GHG Goals for		Against	Against		ShrHoldr
		Products and Operations
		Company appears to be addressing proponents
		issues though it may have different views on certain
		solutions. Management responded meaningfully; no
		evidence of non-compliance with current law or that
		proposal will result in improved shareholder returns.
	12	Report on Climate Change Impacts on		Against	Against		ShrHoldr
		Emerging Countries
		Restrictive to management; more effectively
		addressed by appropriate scientific disciplines and
		government agencies. Management responded
		meaningfully; no evidence of non-compliance with
		current law or that proposal will result in improved
		shareholder returns.
	13	Adopt Policy to Increase Renewable		Against	Against		ShrHoldr
		Energy
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/21/09 - A	Fifth Third Bancorp *FITB*		316773100			02/27/09		697
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Darryl F. Allen --- For
	1.2	Elect Director John F. Barrett --- For
	1.3	Elect Director Ulysses L. Bridgeman,
		Jr. --- For
Mgmt Rec - Company Management Recommended Vote								Page 56

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.4	Elect Director James P. Hackett --- For
	1.5	Elect Director Gary R. Heminger ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.6	Elect Director Kevin T. Kabat --- For
	1.7	Elect Director Mitchel D. Livingston ---
		For
	1.8	Elect Director Hendrik G. Meijer ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.9	Elect Director John J. Schiff, Jr. --- For
	1.10	Elect Director Dudley S. Taft --- For
	1.11	Elect Director Thomas W. Traylor ---
		For
	1.12	Elect Director Marsha C. Williams ---
		For
	2	Amend Articles of Incorporation		For	Against		Mgmt
		Blank check preferred without clear business need.
	3	Amend Nonqualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
	5	Advisory Vote on Executive		For	Against		Mgmt
		Compensation
		Pay/performance disconnect and poor pay practices.
	6	Prepare Sustainability Report		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in imprved shareholder returns.
	7	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
	8	Hire Advisor/Maximize Shareholder		Against	Against		ShrHoldr
		Value
		Management has taken appropriate steps in current
		market; merger activity is limited and best price may
		not be readily obtainable.
05/01/09 - A	FLIR Systems, Inc. *FLIR*		302445101			02/27/09		198
	1	Elect Directors		For	For		Mgmt
	2	Approve Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
		All employees can purchase shares at 85% of F.M.V.
	3	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 57

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/11/09 - A	Flotek Industries, Inc *FTK*		343389102			04/20/09		259
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/05/09 - A	Flowers Foods, Inc. *FLO*		343498101			04/03/09		164
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Joe E. Beverly ---
		Withhold
		Failure to remove dead hand/slow hand provision
		from poison pill.
	1.2	Elect Director Amos R. McMullian ---
		Withhold
		Failure to remove dead hand/slow hand provision
		from poison pill.
	1.3	Elect Director J.V. Shields, Jr. ---
		Withhold
		Failure to remove dead hand/slow hand provision
		from poison pill.
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Ratify Auditors		For	For		Mgmt
04/08/09 - S	Fortis SA/NV		B4399L102			None		474
		Special Meeting (Utrecht, the
		Netherlands)
	1	Open Meeting		None	None		Mgmt
	2	Withdrawn Item: Approve the Proposed		None	None		Mgmt
		Transactions Between Fortis SA/NV,
		BNP Paribas S.A., the Belgian State,
		and Related Parties, as Laid Down in
		the Shareholder Circular
	3	Elect Directors		None	None		Mgmt
	4.1.	Amend Articles Re: Change of		For	For		Mgmt
		Company's Registered Seat to Utrecht,
		Decrease of Registered Capital and
		Deletion of References to Preference
		Shares, Reduction of Maximum
		Number of Directors to 11 and
		Introduction of Limited Indemnification
		for Directors
	4.2.	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
	5	Close Meeting		None	None		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 58

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/09/09 - S	Fortis SA/NV		B4399L102			None		474
		Special Meeting (Brussels, Belgium)
	1	Open Meeting		None	None		Mgmt
	2	Withdrawn Item: Approve the Proposed		None	None		Mgmt
		Transactions Between Fortis SA/NV,
		BNP Paribas S.A., the Belgian State,
		and Related Parties, as Laid Down in
		the Shareholder Circular
	3	Elect Directors		None	None		Mgmt
	4.1.	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	4.2.	Authorize Disposal of, Including		For	For		Mgmt
		Reissuance, of Repurchased Shares
	5.1.1	Approve Reduction in Share Capital to		For	For		Mgmt
		Set Off Losses for Fiscal Year 2008
	5.1.2	Approve Reduction in Share Capital,		For	For		Mgmt
		Book Corresponding Amount Under
		'Reserves Available for Distribution',
		and Amend Articles Accordingly
	5.2.1	Receive Special Board Report		None	None		Mgmt
	5.2.2	Authorize Issuance of Equity With or		For	For		Mgmt
		Without Preemptive Rights and Amend
		Articles Accordingly
	5.3	Amend Articles Re: Decrease		For	For		Mgmt
		Maximum Number of Directors
	6	Close Meeting		None	None		Mgmt
04/28/09 -	Fortis SA/NV		B4399L102			None		474
A/S
		Annual/Special Meeting of Fortis
		SA/NV
	1	Open Meeting		None	None		Mgmt
	2	Approve the Proposed Transactions		For	For		Mgmt
		Between Fortis SA/NV, BNP Paribas
		S.A., the Belgian State, and Related
		Parties, as Laid Down in the
		Shareholder Circular
	3.1.1	Receive Directors' Report (Non-Voting)		None	None		Mgmt
	3.1.2	Receive Consolidated Financial		None	None		Mgmt
		Statements and Statutory Reports
	3.1.3	Accept Financial Statements		For	For		Mgmt
	3.1.4	Approve Allocation of Income		For	For		Mgmt
	3.2	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	3.3.1	Approve Discharge of Directors		For	Against		Mgmt
		Given the vagueness of the remuneration policy,
		and, more even crucially, because of the defective
		communication of the company, there are serious
		concerns about actions of the board for the year
		2008. Therefore, refusal to grant discharge to the
Mgmt Rec - Company Management Recommended Vote								Page 59

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		board for the past fiscal year is warranted.
	3.3.2	Approve Discharge of Auditors		For	For		Mgmt
	4	Discussion on Company's Corporate		None	None		Mgmt
		Governance Structure
	5	Elect Directors		For	For		Mgmt
	6.1	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	6.2	Authorize Disposal of, Including		For	For		Mgmt
		Reissuance, of Repurchased Shares
	7.1.1	Approve Reduction in Share Capital to		For	For		Mgmt
		Set Off Losses for Fiscal Year 2008
	7.1.2	Approve Reduction in Share Capital,		For	For		Mgmt
		Book Corresponding Amount Under
		'Reserves Available for Distribution',
		and Amend Articles Accordingly
	7.2.1	Receive Special Board Report		None	None		Mgmt
	7.2.2	Authorize Issuance of Equity With or		For	For		Mgmt
		Without Preemptive Rights and Amend
		Articles Accordingly
	7.3	Fix Maximum Number of Directors at		For	For		Mgmt
		11
	8	Close Meeting		None	None		Mgmt
04/29/09 -	Fortis SA/NV		B4399L102			None		474
A/S
		Annual/Special Meeting of Fortis NV
	1	Open Meeting		None	None		Mgmt
	2	Approve the Proposed Transactions		For	For		Mgmt
		Between Fortis SA/NV, BNP Paribas
		S.A., the Belgian State, and Related
		Parties, as Laid Down in the
		Shareholder Circular
	3.1.1	Receive Directors' Report (Non-Voting)		None	None		Mgmt
	3.1.2	Receive Consolidated Financial		None	None		Mgmt
		Statements and Statutory Reports
	3.1.3	Accept Financial Statements		For	For		Mgmt
	3.2	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	3.3	Approve Discharge of Directors		For	Against		Mgmt
		Given the vagueness of the remuneration policy,
		and, more crucially even, because of the defective
		communication of the company, we consider there
		are serious concerns about actions of the board for
		the year 2008. Therefore, refusual to grant discharge
		to the board for the past fiscal year is warranted.
	4	Discussion on Company's Corporate		None	None		Mgmt
		Governance Structure
	5	Elect Directors		For	For		Mgmt
	6.1	Amend Articles Re: Amend Authorized		For	For		Mgmt
		Capital and Delete Preference Shares
Mgmt Rec - Company Management Recommended Vote								Page 60

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	6.2	Amend Articles Re: Change of		For	For		Mgmt
		Company's Registered Seat to Utrecht
	6.3	Amend Articles Re: Body Authorized to		For	For		Mgmt
		Issue Shares Without Preemptive
		Rights
		General capital increases without preemptive rights
		should be no more than 20 percent of the existing
		outstanding share capital. Approval of this proposal
		would authorize the management board to issue
		shares equivalent to 24 percent of currently issued
		share capital without preemptive rights. Since the
		proposal exceeds guidelines, this proposal warrants
		a vote against.
	6.4	Fix Maximum Number of Directors at		For	For		Mgmt
		11
	6.5	Amend Articles Re: Introduction of		For	For		Mgmt
		Limited Indemnification for Directors
	6.6	Amend Articles Re: Annual General		For	For		Mgmt
		Meeting
	6.7	Authorize Coordination of Articles		For	For		Mgmt
	7	Close Meeting		None	None		Mgmt
05/06/09 - A	Foster Wheeler AG *FWLT*		H27178104			03/09/09		239
		This is a duplicate meeting for
		ballots received via the Broadridge
		North American ballot distribution
		system
	1	ELECTION OF DIRECTOR: ROBERT		For	For		Mgmt
		C. FLEXON
	2	ELECTION OF DIRECTOR:		For	For		Mgmt
		MAUREEN B. TART-BEZER
	3	ELECTION OF DIRECTOR: JAMES D.		For	For		Mgmt
		WOODS
	4	RE-ELECTION OF		For	For		Mgmt
		PRICEWATERHOUSECOOPERS AG,
		SWITZERLAND, AS
		OURINDEPENDENT AUDITOR (
		REVISIONSSTELLE ) FOR 2009
	5	RATIFICATION OF THE		For	For		Mgmt
		APPOINTMENT OF
		PRICEWATERHOUSECOOPERS LLP
		ASOUR INDEPENDENT
		REGISTERED PUBLIC ACCOUNTING
		FIRM FOR 2009(CONSULTATIVE
		VOTE)
	6	IN THE EVENT		For	Abstain		Mgmt
		COUNTERPROPOSALS,
		ALTERATIONS OR AMENDMENTS
		OF THEAGENDA ITEMS OR OTHER
		MATTERS ARE RAISED AT THE
Mgmt Rec - Company Management Recommended Vote								Page 61

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		ANNUAL GENERALMEETING, I
		INSTRUCT THE APPOINTED
		PROXIES TO VOTE AS FOLLOWS
05/26/09 -	France Telecom		F4113C103			05/21/09		191
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Discharge Directors
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.40 per Share
	4	Approve Auditors' Special Report		For	Against		Mgmt
		Regarding Related-Party Transactions
		Given the absence of full disclosure with regard to
		the performance criteria applying to Didier Lombard's
		bonus, it is not possible to consider the performance
		conditions attached to these severance payments
		sufficiently challenging. As a result, this item
		does not merit support.
	5	Renew Appointment of Ernst and		For	For		Mgmt
		Young Audit as Auditor
	6	Renew Appointment of Auditex as		For	For		Mgmt
		Alternate Auditor
	7	Renew Appointment of Deloitte and		For	For		Mgmt
		Associes as Auditor
	8	Renew Appointment of BEAS as		For	For		Mgmt
		Alternate Auditor
	9	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	10	Amend Article 13 of Bylaws Re:		For	For		Mgmt
		Shareholding Requirements for
		Directors
	11	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 2 Billion
	12	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights, with the Possibility Not to Offer
		them to the Public, up to Aggregate
		Nominal Amount of EUR 1.5 Billion
	13	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	14	Authorize Capital Increase of Up to		For	For		Mgmt
		EUR 1.5 Billion for Future Exchange
Mgmt Rec - Company Management Recommended Vote								Page 62

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Offers
	15	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	16	Authorize Capital Increase of up to		For	For		Mgmt
		EUR 70 Million Reserved for Holders of
		Orange SA Stock Options or Shares in
		Connection with France Telecom
		Liquidity Agreement
	17	Authorize up to EUR 1 Million for		For	For		Mgmt
		Issuance of Free Option-Based
		Liquidity Instruments Reserved for
		Holders of Orange SA Stock Options
		Benefitting from a Liquidity Agreement
	18	Set Global Limit for Capital Increase to		For	For		Mgmt
		Result from All Issuance Requests at
		EUR 3.5 Billion
	19	Approve Issuance of Securities		For	For		Mgmt
		Convertible into Debt up to an
		Aggregate Amount of EUR 7 Billion
	20	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 2 Billion for Bonus Issue or
		Increase in Par Value
	21	Authorize up to 1 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock Plan
		The absence of information on forward-looking
		performance criteria and the volume in excess of
		recommended guidelines (5.23 percent) warrant
		opposition to this proposal.
	22	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	23	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	24	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
06/17/09 - A	Freds, Inc. *FRED*		356108100			05/01/09		353
	1	Elect Directors		For	Withhold		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
06/11/09 - A	Freeport-McMoRan Copper & 35671D857					04/14/09		125
	Gold Inc. *FCX*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Richard C. Adkerson ---
		For
	1.2	Elect Director Robert J. Allison, Jr. ---
		Withhold
Mgmt Rec - Company Management Recommended Vote								Page 63

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.3	Elect Director Robert A. Day --- For
	1.4	Elect Director Gerald J. Ford --- For
	1.5	Elect Director H. Devon Graham, Jr. ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.6	Elect Director J. Bennett Johnston ---
		For
	1.7	Elect Director Charles C. Krulak ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.8	Elect Director Bobby Lee Lackey ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor/pay practices.
	1.9	Elect Director Jon C. Madonna --- For
	1.10	Elect Director Dustan E. McCoy --- For
	1.11	Elect Director Gabrielle K. McDonald ---
		For
	1.12	Elect Director James R. Moffett --- For
	1.13	Elect Director B.M. Rankin, Jr. --- For
	1.14	Elect Director J. Stapleton Roy --- For
	1.15	Elect Director Stephen H. Siegele ---
		For
	1.16	Elect Director J. Taylor Wharton --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Request Director Nominee		Against	Against		ShrHoldr
		Environmental Qualifications
		Management responded meaningfully; not likely to
		accomplish proponent’s goals.
04/29/09 - A	Fresh Del Monte Produce Inc. G36738105					02/27/09		111
	*FDP*
	1a	Elect Mohammad Abu-Ghazaleah as		For	For		Mgmt
		director
	1b	Elect Hani El-Naffy as director		For	For		Mgmt
	1c	Elect John H. Dalton as director		For	For		Mgmt
	2	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports (Voting)
	3	Ratify Ernst & Young LLP as Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 64

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/03/09 - A	FTI Consulting, Inc. *FCN*		302941109			03/30/09		89
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 11.33% is within allowable cap of
		11.35%.
	3	Ratify Auditors		For	For		Mgmt
05/21/09 - A	Fuel Tech, Inc. *FTEK*		359523107			03/24/09		223
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/06/09 - A	General Dynamics Corp.		369550108			03/09/09		123
	*GD*
	1	Elect Director Nicholas D. Chabraja		For	For		Mgmt
	2	Elect Director James S. Crown		For	For		Mgmt
	3	Elect Director William P. Fricks		For	For		Mgmt
	4	Elect Director Jay L. Johnson		For	For		Mgmt
	5	Elect Director George A. Joulwan		For	For		Mgmt
	6	Elect Director Paul G. Kaminski		For	For		Mgmt
	7	Elect Director John M. Keane		For	For		Mgmt
	8	Elect Director Deborah J. Lucas		For	For		Mgmt
	9	Elect Director Lester L. Lyles		For	For		Mgmt
	10	Elect Director J. Christopher Reyes		For	For		Mgmt
	11	Elect Director Robert Walmsley		For	For		Mgmt
	12	Approve Omnibus Stock Plan		For	For		Mgmt
	13	Approve Nonqualified Employee Stock		For	For		Mgmt
		Purchase Plan
		Plan for UK employees; intended to comply with UK
		law; 85% discount.
	14	Ratify Auditors		For	For		Mgmt
	15	Report on Space-based Weapons		Against	Against		ShrHoldr
		Program
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	16	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
		Overly restrictive and not the best way to accomplish
		proponents goals.
04/22/09 - A	General Electric Co. *GE*		369604103			02/23/09		2,605
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director James I. Cash, Jr. --- For
Mgmt Rec - Company Management Recommended Vote								Page 65

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.2	Elect Director William M. Castell --- For
	1.3	Elect Director Ann M. Fudge --- For
	1.4	Elect Director Susan Hockfield --- For
	1.5	Elect Director Jeffrey R. Immelt --- For
	1.6	Elect Director Andrea Jung --- For
	1.7	Elect Director Alan G. (A.G.) Lafley ---
		For
		75% attendance one year (PPC guideline is withhold
		75% two years).
	1.8	Elect Director Robert W. Lane --- For
	1.9	Elect Director Ralph S. Larsen --- For
	1.10	Elect Director Rochelle B. Lazarus ---
		For
	1.11	Elect Director James J. Mulva --- For
	1.12	Elect Director Sam Nunn --- For
	1.13	Elect Director Roger S. Penske --- For
	1.14	Elect Director Robert J. Swieringa ---
		For
	1.15	Elect Director Douglas A. Warner III ---
		For
	2	Ratify Auditors		For	For		Mgmt
	3	Provide for Cumulative Voting		Against	Against		ShrHoldr
	4	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Same language as other proposals approved by
		PPC.
	5	Evaluate the Potential Conversion of		Against	Against		ShrHoldr
		the Corporation's Business Units into
		Four or More Public Corporations and
		Distribute New Shares
		No clear evidence that prposal will improve
		shareholder returns or improve stragetic oversight
		and management planning already in place.
	6	Adopt Policy to Cease the Payments of		Against	Against		ShrHoldr
		Dividends or Equivalent Payments to
		Senior Executives for Shares Not
		Owned
		Dividends are deemed earned prior to share payout.
	7	Submit Severance Agreement (Change		Against	Against		ShrHoldr
		in Control) to shareholder Vote
05/20/09 - A	GlaxoSmithKline plc		G3910J112			None		665
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Elect James Murdoch as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 66

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Re-elect Larry Culp as Director		For	For		Mgmt
	5	Re-elect Sir Crispin Davis as Director		For	For		Mgmt
	6	Re-elect Dr Moncef Slaoui as Director		For	For		Mgmt
	7	Re-elect Tom de Swaan as Director		For	For		Mgmt
	8	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	9	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	10	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Organisations
		Other than Political Parties up to GBP
		50,000 and to Incur EU Political
		Expenditure up to GBP 50,000
	11	Authorise Issue of Equity with Pre-		For	For		Mgmt
		emptive Rights Under a General
		Authority up to GBP 432,359,137 and
		an Additional Amount Pursuant to a
		Rights Issue of up to GBP 864,692,333
		After Deducting Any Securities Issued
		Under the General Authority
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 64,854,519
	13	Authorise 518,836,153 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	14	Approve the Exemption from Statement		For	For		Mgmt
		of the Name of the Senior Statutory
		Auditor in Published Copies of the
		Auditor's Reports
	15	Approve That a General Meeting of the		For	For		Mgmt
		Company Other Than an Annual
		General Meeting May Be Called on Not
		Less Than 14 Clear Days' Notice
	16	Approve GlaxoSmithKline 2009		For	For		Mgmt
		Performance Share Plan
	17	Approve GlaxoSmithKline 2009 Share		For	For		Mgmt
		Option Plan
	18	Approve GlaxoSmithKline 2009		For	For		Mgmt
		Deferred Annual Bonus Plan
05/07/09 - A	Google Inc *GOOG*		38259P508			03/10/09		92
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Eric Schmidt --- Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.2	Elect Director Sergey Brin --- Withhold
Mgmt Rec - Company Management Recommended Vote								Page 67

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.3	Elect Director Larry Page --- Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.4	Elect Director L. John Doerr ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.5	Elect Director John L. Hennessy ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.6	Elect Director Arthur D. Levinson ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.7	Elect Director Ann Mather --- Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.8	Elect Director Paul S. Otellini ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.9	Elect Director K. Ram Shriram ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	1.10	Elect Director Shirley M. Tilghman ---
		Withhold
		Implemented options exchange without shareholder
		approval; not value-for-value; included execs;
		pay/performance disconnect.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
	4	Report on Political Contributions		For	Against		ShrHoldr
		Management responded meaningfully; no evidence
Mgmt Rec - Company Management Recommended Vote								Page 68

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	5	Adopt Policies to Protect Freedom of		Against	Against		ShrHoldr
		Access to the Internet
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	6	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/22/09 - A	Greenhill & Co., Inc. *GHL*		395259104			03/03/09		45
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Robert F. Greenhill ---
		For
	1.2	Elect Director Scott L. Bok --- For
	1.3	Elect Director Simon A. Borrows --- For
	1.4	Elect Director John C. Danforth --- For
	1.5	Elect Director Steven F. Goldstone ---
		For
	1.6	Elect Director Stephen L. Key --- For
	1.7	Elect Director Robert T. Blakely --- For
	2	Ratify Auditors		For	For		Mgmt
06/02/09 - A	H & E EQUIPMENT		404030108			04/09/09		368
	SERVICES INC *HEES*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/04/09 - A	H & M Hennes & Mauritz		W41422101			04/27/09		80
	1	Open Meeting		None	None		Mgmt
	2	Elect Sven Unger as Chairman of		For	For		Mgmt
		Meeting
	3	Receive President's Report; Allow for		None	None		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 69

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Questions
	4	Prepare and Approve List of		For	For		Mgmt
		Shareholders
	5	Approve Agenda of Meeting		For	For		Mgmt
	6	Designate Inspector(s) of Minutes of		For	For		Mgmt
		Meeting
	7	Acknowledge Proper Convening of		For	For		Mgmt
		Meeting
	8a	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports; Receive Information
		About Remuneration Guidelines
	8b	Receive Auditor's and Auditing		None	None		Mgmt
		Committee's Reports
	8c	Receive Chairman's Report About		None	None		Mgmt
		Board Work
	8d	Receive Report of the Chairman of the		None	None		Mgmt
		Nominating Committee
	9a	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	9b	Approve Allocation of Income and		For	For		Mgmt
		Dividends of SEK 15.50 per Share
	9c	Approve Discharge of Board and		For	For		Mgmt
		President
	10	Determine Number of Members (7) and		For	For		Mgmt
		Deputy Members (0) of Board
	11	Approve Remuneration of Directors in		For	For		Mgmt
		the Amount of SEK 1.4 Million to the
		Chairman and 375,000 to Other
		Directors; Approve Remuneration to
		Committee Members; Approve
		Remuneration of Auditors
	12	Reelect Mia Livfors, Lottie Knutson,		For	Against		Mgmt
		Sussi Kvart, Bo Lundquist, Stig
		Nordfelt, Stefan Persson (Chair), and
		Melker Schoerling as Directors
		Because the overall independence of the
		shareholder-elected board members is below the 50-
		percent threshold for MSCI EAFE companies, this
		proposal does not merit support.
	13	Ratify Ernst & Young as Auditor for a		For	For		Mgmt
		Four Year Period
	14	Elect Stefan Persson, Lottie Tham,		For	For		Mgmt
		Staffan Grefbaeck, Jan Andersson, and
		Peter Lindell as Members of
		Nominating Committee
	15	Approve Remuneration Policy And		For	For		Mgmt
		Other Terms of Employment For
		Executive Management
	16	Close Meeting		None	None		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 70

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/07/09 - A	Halozyme Therapeutics, Inc.		40637H109			04/01/09		444
	*HALO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Hercules Offshore, Inc.		427093109			02/27/09		262
	*HERO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/28/09 - A	Home Depot, Inc. *HD*		437076102			03/30/09		532
	1	Elect Director F. Duane Ackerman		For	For		Mgmt
	2	Elect Director David H. Batchelder		For	For		Mgmt
	3	Elect Director Francis S. Blake		For	For		Mgmt
	4	Elect Director Ari Bousbib		For	For		Mgmt
	5	Elect Director Gregory D. Brenneman		For	For		Mgmt
	6	Elect Director Albert P. Carey		For	For		Mgmt
	7	Elect Director Armando Codina		For	For		Mgmt
	8	Elect Director Bonnie G. Hill		For	For		Mgmt
	9	Elect Director Karen L. Katen		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Approve Right to Call Special Meetings		For	For		Mgmt
		Shareholders may not act by written consent
		Shareholders may not call special meetings
	12	Provide for Cumulative Voting		Against	Against		ShrHoldr
	13	Call Special Meetings		Against	Against		ShrHoldr
		Not necessary; already in place (see management
		proposal item 11 - to approve amendment already in
		place - 25% right to call special meeting).
	14	Prepare Employment Diversity Report		Against	Against		ShrHoldr
		Management responded meaningfully, has
		appropriate policies in place and has dealt with past
		allegations within the existing legal and regulatory
		structure.
	15	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
	16	Assess Energy Use and Establish		Against	Against		ShrHoldr
		Reduction Targets
		Management responded meaningfully; overly
		restrictive and not likely to accomplish
		proponent’s goals.
Mgmt Rec - Company Management Recommended Vote								Page 71

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/23/09 - A	Honda Motor Co. Ltd. *7267*		J22302111			03/31/09		232
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 8
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
	4	Appoint Statutory Auditor		For	For		Mgmt
	5	Approve Annual Bonus Payment to		For	For		Mgmt
		Directors and Statutory Auditors
05/22/09 - A	HSBC Holdings plc		G4634U169			None		1,675
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
		Vote Recommendation On balance, the
		Company's remuneration practices comply with its
		strategy and follow good practice guidelines, with the
		exception of the contractual entitlement of average
		bonus upon engagement under two Executive
		Directors’ service contracts. However,
		whereas this issue is highlighted on this occasion,
		retention of this feature may result in an unfavourable
		vote recommendation on the remuneration report in
		future years. Mitigating, it is noted that the
		provision for average bonus will no longer be an
		issue for Stephen Green in the future as he is no
		longer eligible to receive annual bonus payments and
		therefore any average bonus receivable under the
		termination arrangements would be zero, assuming
		his remaining on the Board for at least two more
		years. Nevertheless, the issue remains for Michael
		Geoghegan who, although having received no bonus
		for 2008, will be eligible for annual bonus payments
		going forward At this time, shareholders are
		recommended to support this item. [VOTE
		RECOMMENDATION: CONTENTIOUS FOR]
	3a	Re-elect Safra Catz as Director		For	For		Mgmt
	3b	Re-elect Vincent Cheng as Director		For	For		Mgmt
	3c	Elect Marvin Cheung as Director		For	For		Mgmt
	3d	Re-elect John Coombe as Director		For	For		Mgmt
	3e	Re-elect Jose Duran as Director		For	For		Mgmt
	3f	Re-elect Rona Fairhead as Director		For	For		Mgmt
	3g	Re-elect Douglas Flint as Director		For	For		Mgmt
	3h	Re-elect Alexander Flockhart as		For	For		Mgmt
		Director
	3i	Re-elect Lun Fung as Director		For	For		Mgmt
	3j	Re-elect Michael Geoghegan as		For	For		Mgmt
		Director
	3k	Re-elect Stephen Green as Director		For	For		Mgmt
	3l	Re-elect Stuart Gulliver as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 72

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3m	Re-elect James Hughes-Hallett as		For	For		Mgmt
		Director
	3n	Re-elect William Laidlaw as Director		For	For		Mgmt
	3o	Elect Rachel Lomax as Director		For	For		Mgmt
	3p	Re-elect Sir Mark Moody-Stuart as		For	For		Mgmt
		Director
	3q	Re-elect Gwyn Morgan as Director		For	For		Mgmt
	3r	Re-elect Nagavara Murthy as Director		For	For		Mgmt
	3s	Re-elect Simon Robertson as Director		For	For		Mgmt
	3t	Elect John Thornton as Director		For	For		Mgmt
	3u	Re-elect Sir Brian Williamson as		For	For		Mgmt
		Director
	4	Reappoint KPMG Audit plc as Auditors		For	For		Mgmt
		and Authorise the Group Audit
		Committee to Determine Their
		Remuneration
	5	Auth. Issuance of Non-Cumulative Pref.		For	For		Mgmt
		Shares with Pre-emptive Rights up to
		Aggregate Nominal Amount of GBP
		100,000, EUR 100,000 and USD
		85,500; and Auth. Issuance of Ord.
		Shares with Pre-emptive Rights up to
		Aggregate Nominal Amount of USD
		1,720,481,200
	6	Subject to the Passing of Resolution 5,		For	For		Mgmt
		Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 430,120,300
	7	Authorise 1,720,481,200 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	8	Adopt New Articles of Association		For	For		Mgmt
	9	Approve General Meetings Other Than		For	For		Mgmt
		an Annual General Meetings to be
		Called on 14 Clear Days' Notice
04/23/09 - A	Humana Inc. *HUM*		444859102			02/23/09		243
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/14/09 - A	IHS INC. *IHS*		451734107			03/13/09		111
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/08/09 - A	Illinois Tool Works Inc. *ITW*		452308109			03/10/09		165
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Submit SERP to Shareholder Vote		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 73

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Non-binding; submit to shareholder vote if additing
		years age/service to SERP.
05/08/09 - A	Illumina, Inc. *ILMN*		452327109			03/16/09		85
	1	Elect Director A. Blaine Bowman		For	For		Mgmt
	2	Elect Director Karin Eastham		For	For		Mgmt
	3	Elect Director Jay T. Flatley		For	For		Mgmt
	4	Elect Director William H. Rastetter,		For	For		Mgmt
		Ph.D.
	5	Ratify Auditors		For	For		Mgmt
04/27/09 - A	ING Groep NV		N4578E413			03/30/09		299
		Annual Meeting
	1	Open Meeting and Receive		None	None		Mgmt
		Announcements
	2a	Receive Report of Management Board		None	None		Mgmt
		(Non-Voting)
	2b	Receive Report of Supervisory Board		None	None		Mgmt
		(Non-Voting)
	2c	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	3a	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	3b	Approve Dividends of EUR 0.74 Per		For	For		Mgmt
		Share
	4	Discuss Remuneration Report		None	None		Mgmt
	5	Discussion on Company's Corporate		None	None		Mgmt
		Governance Structure
	6	Receive Explanation on Company's		None	None		Mgmt
		Corporate Responsibility Performance
	7a	Approve Discharge of Management		For	For		Mgmt
		Board
	7b	Approve Discharge of Supervisory		For	For		Mgmt
		Board
	8a	Elect Jan Hommen to Executive Board		For	For		Mgmt
	8b	Elect Patrick Flynn		For	For		Mgmt
	9a	Reelect Godfried van der Lugt to		For	For		Mgmt
		Supervisory Board
	9b	Elect Tineke Bahlmann to Supervisory		For	For		Mgmt
		Board
	9c	Elect Jeroen van der Veer to		For	For		Mgmt
		Supervisory Board
	9d	Elect Lodewijk de Waal to Supervisory		For	For		Mgmt
		Board
	10	Grant Board Authority to Issue Shares		For	For		Mgmt
		and Restricting/Excluding Preemptive
		Rights
	11	Authorize Repurchase of Shares		For	For		Mgmt
	12	Any Other Businesss and Close		None	None		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 74

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Meeting
06/03/09 - A	Ingersoll-Rand PLC *IR*		G4776G101			04/06/09		399
	1a	Elect A.C. Berzin as Director		For	For		Mgmt
	1b	Elect J. L. Cohon as Director		For	For		Mgmt
	1c	Elect G. D. Forsee as Director		For	For		Mgmt
	1d	Elect P. C. Godsoe as Director		For	For		Mgmt
	1e	Elect E. E. Hagenlocker as Director		For	For		Mgmt
	1f	Elect H.L. Henkel as Director		For	For		Mgmt
	1g	Elect C. J. Horner as Director		For	For		Mgmt
	1h	Elect T. E. Martin as Director		For	For		Mgmt
	1i	Elect P. Nachtigal as Director		For	For		Mgmt
	1j	Elect O. R. Smith as Director		For	For		Mgmt
	1k	Elect R. J. Swift as Director		For	For		Mgmt
	1l	Elect T. L. White as Director		For	For		Mgmt
	2	Approve an Advisory Proposal Relating		For	For		Mgmt
		to Executive Pay-For-Performance
		Compensation Policies and Procedures
	3	Increase Number of Shares Reserved		For	For		Mgmt
		Under 2007 Incentive Stock Plan
	4	Approve PricewaterhouseCoopers LLP		For	For		Mgmt
		as independent auditors of the
		company and authorize Board to Fix
		Their Remuneration
06/03/09 - C	Ingersoll-Rand PLC *IR*		G4776G101			04/06/09		399
	1	Approve Scheme of Arrangement		For	For		Mgmt
	2	Approve the Creation of Distributable		For	For		Mgmt
		Reserves of Ingersoll-Rand Company
		Limited
	3	Adjourn Meeting		For	For		Mgmt
04/22/09 - A	Insituform Technologies, Inc.		457667103			02/27/09		239
	*INSU*
	1	Elect Director J. Joseph Burgess		For	For		Mgmt
	2	Elect Director Stephen P. Cortinovis		For	For		Mgmt
	3	Elect Director Stephanie A. Cuskley		For	For		Mgmt
	4	Elect Director John P. Dubinsky		For	For		Mgmt
	5	Elect Director Juanita H. Hinshaw		For	For		Mgmt
	6	Elect Director Alfred L. Woods		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 75

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	7	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 8.63% is within allowable cap of
		8.63%.
	8	Ratify Auditors		For	For		Mgmt
04/30/09 - A	Insulet Corp *PODD*		45784P101			03/20/09		248
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Ross Jaffe --- Withhold
		Failure to submit poison pill to shareholder vote.
	1.2	Elect Director Charles Liamos ---
		Withhold
		Failure to submit poison pill to shareholder vote.
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	Intel Corporation *INTC*		458140100			03/23/09		1,666
	1	Elect Director Charlene Barshefsky		For	For		Mgmt
	2	Elect Director Susan L. Decker		For	For		Mgmt
	3	Elect Director John J. Donahoe		For	For		Mgmt
	4	Elect Director Reed E. Hundt		For	For		Mgmt
	5	Elect Director Paul S. Otellini		For	For		Mgmt
	6	Elect Director James D. Plummer		For	For		Mgmt
	7	Elect Director David S. Pottruck		For	For		Mgmt
	8	Elect Director Jane E. Shaw		For	For		Mgmt
	9	Elect Director John L. Thornton		For	For		Mgmt
	10	Elect Director Frank D. Yeary		For	For		Mgmt
	11	Elect Director David B. Yoffie		For	For		Mgmt
	12	Ratify Auditors		For	For		Mgmt
	13	Amend Omnibus Stock Plan		For	For		Mgmt
	14	Approve Stock Option Exchange		For	For		Mgmt
		Program
		Value-for-value, excludes executives and directors,
		reducines 15.3% overhand, no accounting expense
		impact, no recycling of surrendered options, increased
		share allocation is within cap.
	15	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	16	Provide for Cumulative Voting		Against	Against		ShrHoldr
	17	Adopt Policy on Human Rights to Water		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
Mgmt Rec - Company Management Recommended Vote								Page 76

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/18/09 - A	International Bancshares		459044103			04/01/09		130
	Corp. *IBOC*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnece or poor pay practices.
04/28/09 - A	International Business		459200101			02/27/09		334
	Machines Corp. *IBM*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director A. J. P. Belda --- For
	1.2	Elect Director C. Black --- For
	1.3	Elect Director W. R. Brody --- For
	1.4	Elect Director K. I. Chenault --- For
	1.5	Elect Director M. L. Eskew --- For
	1.6	Elect Director S. A. Jackson --- Against
		Sits on six public company boards and multiple large
		private institutional boards.
	1.7	Elect Director T. Nishimuro --- For
	1.8	Elect Director J. W. Owens --- For
	1.9	Elect Director S. J. Palmisano --- For
	1.10	Elect Director J. E. Spero --- For
	1.11	Elect Director S. Taurel --- For
	1.12	Elect Director L. H. Zambrano --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Provide for Cumulative Voting		Against	Against		ShrHoldr
	5	Review Executive Compensation		Against	For		ShrHoldr
		Excludes defined benefit pension plan income from
		senior-executive compensation.
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior proposals supported by PPC.
04/30/09 -	Intesa SanPaolo SPA		T55067101			04/24/09		1,251
A/S
		Ordinary Business
	1	Approve Allocation of Income		For	For		Mgmt
	2	Integrate Remuneration of External		For	For		Mgmt
		Auditors
		Special Business
Mgmt Rec - Company Management Recommended Vote								Page 77

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1	Amend Company Bylaws to Comply		For	For		Mgmt
		with Bank of Italy's Regulation
06/18/09 - A	Inverness Medical		46126P106			04/27/09		136
	Innovations Inc *IMA*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 8.02% is within allowable cap of
		11.28%.
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
		All employees who work more than 20 hours a week
		and have been employed for at least three months
		can purchase shares at 85% of F.M.V.
	4	Ratify Auditors		For	For		Mgmt
05/20/09 - A	ITC Holdings Corp *ITC*		465685105			04/06/09		87
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/05/09 - A	Itron, Inc. *ITRI*		465741106			02/27/09		57
	1	Elect Director Michael B. Bracy		For	For		Mgmt
	2	Elect Director Kirby A. Dyess		For	For		Mgmt
	3	Elect Director Graham M. Wilson		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt
05/28/09 - A	IXIA *XXIA*		45071R109			04/03/09		585
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 19.95% exceeds allowable cap of
		15.89%.
	3	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Johnson & Johnson *JNJ*		478160104			02/24/09		708
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consisent with prior proposals supported by PPC.
Mgmt Rec - Company Management Recommended Vote								Page 78

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/19/09 - A	JPMorgan Chase & Co.		46625H100			03/20/09		843
	*JPM*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	4	Disclose Prior Government Service		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	5	Provide for Cumulative Voting		Against	Against		ShrHoldr
	6	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholder currently hhave right to call special
		meeting (33.3%).
	7	Report on Predatory Lending Policies		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	8	Amend Key Executive Performance		Against	Against		ShrHoldr
		Plan
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	9	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	10	Prepare Carbon Principles Report		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
05/13/09 - A	Knight Capital Group, Inc.		499005106			04/01/09		210
	*NITE*
	1	Elect Director William L. Bolster		For	For		Mgmt
	2	Elect Director Gary R. Griffith		For	For		Mgmt
	3	Elect Director Thomas M. Joyce		For	For		Mgmt
	4	Elect Director James W. Lewis		For	For		Mgmt
	5	Elect Director Thomas C. Lockburner		For	For		Mgmt
	6	Elect Director James T. Milde		For	For		Mgmt
	7	Elect Director Christopher C. Quick		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 79

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Elect Director Laurie M. Shahon		For	For		Mgmt
	9	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
		All named executive officers will receive cash and/or
		stock, including but not limited to unrestricted shares
		of common stock, restricted shares, or RSUs.
	10	Ratify Auditors		For	For		Mgmt
06/24/09 - A	Komatsu Ltd. *6301*		J35759125			03/31/09		266
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 18
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Indemnify
		Directors and Statutory Auditors
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Statutory Auditor		For	For		Mgmt
	4.2	Appoint Statutory Auditor		For	Against		Mgmt
		Given that he receives income under a current
		contract with the statutory auditor board, Matsuo
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	5	Approve Annual Bonus Payment to		For	For		Mgmt
		Directors
	6	Approve Stock Option Plan		For	For		Mgmt
04/07/09 - A	Koninklijke KPN N.V.		N4297B146			03/16/09		284
		Annual Meeting
	1	Open Meeting and Announcements		None	None		Mgmt
	2	Receive Report of Management Board		None	None		Mgmt
		(Non-Voting)
	3	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	4	Receive Explanation on Company's		None	None		Mgmt
		Reserves and Dividend Policy
	5	Approve Dividends of EUR 0.40 Per		For	For		Mgmt
		Share
	6	Approve Discharge of Management		For	For		Mgmt
		Board
	7	Approve Discharge of Supervisory		For	Against		Mgmt
		Board
		Given the supervisory board's decision not to submit
		several material changes in the compensation to a
		shareholder vote, which violates best practice
		standards in the Netherlands, a vote against the
		discharge of the supervisory board is appropriate.
	8	Ratify PricewaterhouseCoopers		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 80

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Accountants as Auditors
	9	Opportunity to Nominate Supervisory		None	None		Mgmt
		Board Members
	10	Elect A.H.J. Risseeuw to Supervisory		For	For		Mgmt
		Board
	11	Elect M.E. van Lier Lels to Supervisory		For	For		Mgmt
		Board
	12	Elect R.J. Routs to Supervisory Board		For	For		Mgmt
	13	Elect D.J. Haank to Supervisory Board		For	For		Mgmt
	14	Announce Vacancies on Supervisory		None	None		Mgmt
		Board Arising in 2010
	15	Authorize Repurchase of Shares		For	For		Mgmt
	16	Approve Reduction in Issued Share		For	For		Mgmt
		Capital by Cancellation of Shares
	17	Allow Questions and Close Meeting		None	None		Mgmt
05/20/09 - A	Kraft Foods Inc *KFT*		50075N104			03/12/09		398
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Currently have shareholder with to call special
		meeting (20%).
05/07/09 -	L air Liquide		F01764103			05/04/09		36
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 2.25 per Share
	4	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	5	Reelect Thierry Desmarest as Director		For	Against		Mgmt
		As a result of Thierry Desmarest's executive function
		with Total and his excessive number of other
		directorships, his reelection does not merit support.
	6	Reelect Alain Joly as Director		For	For		Mgmt
	7	Reelect Thierry Peugeot as Director		For	For		Mgmt
	8	Approve Transaction with BNP Paribas		For	For		Mgmt
	9	Approve Transaction with Benoit Potier		For	Against		Mgmt
		As the conditions attached to this transaction are not
		sufficiently stringent, and as the beneficiary could
		receive more than twice the last remuneration paid,
		this resolution does not merit support.
Mgmt Rec - Company Management Recommended Vote								Page 81

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	10	Approve Transaction with Klaus		For	Against		Mgmt
		Schmieder
		As the conditions attached are not sufficiently
		stringent, this resolution does not merit support.
	11	Approve Transaction with Pierre Dufour		For	Against		Mgmt
		As the conditions attached are not sufficiently
		stringent, this resolution does not merit support.
		Special Business
	12	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	13	Authorize Board to Issue Free Warrants		For	Against		Mgmt
		with Preemptive Rights During a Public
		Tender Offer or Share Exchange
		The maximum capital increase (50 percent of issued
		capital) exceeds the threshold of 25 percent and the
		company did not provide a shareholder-friendly
		provision that automatically cancels issued warrants
		when the shareholders have tendered the majority of
		the shares composing the company share capital
		neither the company commits to calling an EGM
		allowing shareholders to vote on a potential takeover
		(a majority of shareholders can rescind the
		authorization). As antitakeover mechanisms limit
		shareholder value by eliminating the takeover or
		control premium for the company; shareholders
		should be given the opportunity to decide on the
		merits of takeover offers. Therefore, this item
		does not merit approval.
	14	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 350 Million
	15	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	16	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	17	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for International Employees
		Ordinary Business
	18	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/19/09 - A	LaBranche & Co Inc. *LAB*		505447102			03/20/09		499
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 82

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/10/09 - A	Las Vegas Sands Corp *LVS*		517834107			04/13/09		217
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Prepare Sustainability Report		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
05/11/09 - A	LKQ Corp. *LKQX*		501889208			03/13/09		258
	1	Elect Director A. Clinton Allen		For	For		Mgmt
	2	Elect Director Robert M. Devlin		For	For		Mgmt
	3	Elect Director Donald F. Flynn		For	For		Mgmt
	4	Elect Director Kevin F. Flynn		For	For		Mgmt
	5	Elect Director Ronald G. Foster		For	For		Mgmt
	6	Elect Director Joseph M. Holsten		For	For		Mgmt
	7	Elect Director Paul M. Meister		For	For		Mgmt
	8	Elect Director John F. O'Brien		For	For		Mgmt
	9	Elect Director William M. Webster, IV		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
06/05/09 - A	Lloyds Banking Group plc		G5542W106			None		1,014
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3(a)	Elect Carolyn McCall as Director		For	For		Mgmt
	3(b)	Elect Timothy Ryan Jr as Director		For	For		Mgmt
	3(c)	Elect Martin Scicluna as Director		For	For		Mgmt
	3(d)	Elect Tim Tookey as Director		For	For		Mgmt
	3(e)	Elect Anthony Watson as Director		For	For		Mgmt
	4(a)	Re-elect Sir Victor Blank as Director		For	Abstain		Mgmt
		Vote Recommendation In light of the
		Company’s current financial situation, the
		levels of Government assistance required
		subsequent to the HBOS acquisition and the latest
		revelations regarding the true levels of impairment
		associated with the HBOS loan book, the concerns
		raised regarding the degree of oversight and rigour
		the Board exercised in the assessment of the risks
		associated with the HBOS transaction create
		sufficient doubt over the re-election of Sir Victor
		Blank who, as Chairman of the Board, is ultimately
		responsible for the conduct and processes of the
		Board. Given Sir Victor Blank’s
		intention to step down by the 2010 AGM and the
		need for consistency during the search for a suitable
		successor, it is not considered appropriate to
		recommend a vote against his re-election outright.
		Therefore shareholders are recommended to abstain
Mgmt Rec - Company Management Recommended Vote								Page 83

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		on his re-election. For those shareholders who
		have a fiduciary responsibility to vote either in favour
		or against and who do not recognise an abstention
		as valid option, shareholders are recommended that
		they vote against this resolution.
	4(b)	Re-elect Archie Kane as Director		For	For		Mgmt
	4(c)	Re-elect Lord Leitch as Director		For	For		Mgmt
	5	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	6	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	7	Increase Authorised Share Capital from		For	For		Mgmt
		GBP 5,675,477,055, EUR 40,000,000,
		USD 40,000,000 and JPY
		1,250,000,000 to GBP 7,043,396,347,
		EUR 40,000,000, USD 40,000,000 and
		JPY 1,250,000,000
	8	Issue of Equity with Rights Under a		For	For		Mgmt
		General Authority up to GBP
		1,368,679,269 in Ord. Shares and GBP
		52,035,254, USD 38,875,000, EUR
		39,875,000 and JPY 1,250,000,000 in
		Preference Shares and an Additional
		Amount up to GBP 1,368,679,269
		(Rights Issue)
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 205,301,890
	10	Authorise 1,642,415,123 Ordinary		For	For		Mgmt
		Shares for Market Purchase
	11	Renew and Extend Company's Auth. to		For	For		Mgmt
		Make Market Purchases of GBP 1B
		Issued by Company to HM Treasury
		and GBP 3B Issued by HBOS plc to
		HM Treasury Fixed to Floating Callable
		Non-Cumulative Preference Shares;
		Auth. 4M Preference Shares for Market
		Purchase
	12	Amend Art. of Assoc. by Deleting All		For	For		Mgmt
		the Provisions of the Company's
		Memorandum of Association which, by
		Virtue of Section 28 of the Company's
		Act 2006, are to be Treated as Part of
		the Articles of Association of the
		Company; Adopt New Art. of Assoc.
	13	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
	14	Auth. Company and Subsidiaries to		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 84

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Make EU Political Donations to Political
		Parties or Independent Election
		Candidates up to GBP 100,000, to
		Political Org. Other Than Political
		Parties up to GBP 100,000 and Incur
		EU Political Expenditure up to GBP
		100,000
06/05/09 - S	Lloyds Banking Group plc		G5542W106			None		1,014
	1	Increase Cap.to GBP 9B,EUR		For	For		Mgmt
		40M,USD 40M and JPY 1B(If
		Resolution 7 in Notice of AGM is
		Passed)or to GBP 8B,USD 40M,EUR
		40M and JPY 1B(If Resolution 7 in
		Notice of AGM is Not Passed);Issue
		Equity with Rights up to GBP
		2B(Placing and Compensatory Open
		Offer)
	2	Increase Cap.by 7B Ord.Shares(If		For	For		Mgmt
		Resolution 7 (AGM) is Passed)or by
		13B Ord. Shares(If Resolution 7 is Not
		Passed);Issue Equity with Rights up to
		GBP 2B(Ord. Shares)and GBP
		52M,USD 38M,EUR 39M and JPY
		1B(Pref. Shares)and up to Further GBP
		2B(Rights Issue)
	3	Approve the Placing and		For	For		Mgmt
		Compensatory Open Offer and the
		HMT Preference Share Redemption
		Being a Related Party Transaction for
		the Purposes of the Listing Rules of the
		United Kingdom Listing Authority
	4	Approve Waiver on Tender-Bid		For	For		Mgmt
		Requirement
	5	Authorise Issue of Equity without Pre-		For	For		Mgmt
		emptive Rights up to Aggregate
		Nominal Amount of GBP 2,602,133,750
		Pursuant to the Placing and
		Compensatory Open Offer
	6	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 340,507,871
05/14/09 -	LVMH Moet Hennessy Louis		F58485115			05/11/09		41
A/S	Vuitton
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
Mgmt Rec - Company Management Recommended Vote								Page 85

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Auditors' Special Report		For	Against		Mgmt
		Regarding Related-Party Transactions
		At the date of the analysis (20 days before the
		general meeting), as the company had failed to
		provide adequate rationale and sufficient justification
		on a number of transactions that appear to be
		unrelated to operations and/or not in shareholders'
		best interests (especially with regard to the
		agreement concerning the acquisition of an art
		piece), this resolution does not warrant support.
	4	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.60 per Share
	5	Reelect Antoine Arnault as Director		For	Against		Mgmt
		For this market, if the proposed board does not
		consist of one-third of independent directors, the
		election or reelection of any non-independent director
		(except the CEO) is not warranted. At LVMH,
		although the board will likely consist of one additional
		independent member after the general meeting if all
		the elections proposed at the meeting are approved,
		only 22.22 percent of the board of directors would be
		independent. Moreover, two of the nominees
		proposed for reelection, Antoine Bernheim and Albert
		Frere, are non-executive directors and hold more
		than five directorship positions in listed companies
		outside the group. Therefore, the proposal to
		reelect executive directors Antoine Arnault and Pierre
		Gode, and non-independent non-executive directors
		Antoine Bernheim, Albert Frere, and Lord Powell of
		Bayswater (Items 5 - 9) do not merit support.
		However, the election of the new independent
		nominee, Yves-Thibault de Silguy (Item 10), merits
		support.
	6	Reelect Antoine Bernheim as Director		For	Against		Mgmt
	7	Reelect Albert Frere as Director		For	Against		Mgmt
	8	Reelect Pierre Gode as Director		For	Against		Mgmt
	9	Reelect Lord Powell of Bayswater as		For	Against		Mgmt
		Director
	10	Elect Yves-Thilbaut de Silguy as		For	For		Mgmt
		Director
	11	Authorize Repurchase of up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	12	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	13	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
Mgmt Rec - Company Management Recommended Vote								Page 86

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Amount of EUR 50 Million
		Item 13: The potential capital increase with
		preemptive rights, representing 34.02 percent of
		issued share capital, is deemed acceptable for
		issuances with preemptive rights. Therefore, this item
		merits support. Item 14: The proposed capital
		increases without preemptive rights and without
		binding priority, representing 34.02 percent of issued
		share capital, is excessive for general requests to
		issue capital without preemptive. Therefore, this item
		does not merit support. Item 15: While the
		amount requested would not exceed the 50 percent
		limit for issuances with preemptive rights under item
		13, it exceeds the 20 percent limit for issuances that
		do not respect preemptive rights under Item 14.
		Therefore, the additional potential capital increases
		are deemed excessive. Therefore, this item does not
		merit support. Item 16: The maximum nominal
		amount of shares could be issued represents 34.02
		percent of issued capital. Based on the high level of
		dilution for general capital issuances requests that do
		not recognize preemptive rights, this resolution
		cannot be approved. Therefore, this item does not
		merit support. Item 17: The capital increase (up
		to 10 percent) without preemptive rights is
		considered to be acceptable. Therefore, this item
		merits support.
	14	Authorize Issuance of Equity or Equity-		For	Against		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 50 Million, with the
		Possibility Not to Offer them to the
		Public for an Amount Representing 20
		Percent per Year
	15	Authorize Board to Increase Capital in		For	Against		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholders Votes under Items 13
		and 14 Above
	16	Authorize Capital Increase of Up to		For	Against		Mgmt
		EUR 50 Million for Future Exchange
		Offers
	17	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	18	Authorize up to 3 Percent of Issued		For	Against		Mgmt
		Capital for Use in Stock Option Plan
		The amount of shares that could be issued or
		reissued pursuant to this authorization is EUR 4.41
		million, representing 3 percent of the current share
		capital. This issuance request would increase the
Mgmt Rec - Company Management Recommended Vote								Page 87

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		total number of shares reserved for the company's
		stock-based plans, taking into account all current
		outstanding share-based plans from 3.55 percent to
		6.49 percent of fully diluted shares Given the
		volume in excess of recommended guidelines			(5
		percent), this proposal does not merit support.
	19	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	20	Amend Articles 11 and 23 of Bylaws		For	For		Mgmt
		Re: Shareholding Requirements for
		Directors and Double Voting Rights
04/28/09 - A	Manpower Inc. *MAN*		56418H100			02/17/09		119
	1	Elect Directors		For	For		Mgmt
	2	Elect Director Roberto Mendoza		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Amend Omnibus Stock Plan		For	For		Mgmt
	5	Implement MacBride Principles		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will in enhance shareholder value beyond what
		management can already be expected to do.
	6	Other Business		For	Against		Mgmt
05/11/09 - A	Mariner Energy, Inc. *ME*		56845T305			03/17/09		199
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Bernard Aronson ---
		Withhold
		Board member when poison pill was adopted without
		shareholder vote (no qualified offer clause or sunset
		provision).
	1.2	Elect Director H. Clayton Peterson ---
		Withhold
		Board member when poison pill was adopted without
		shareholder vote (no qualified offer clause or sunset
		provision).
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
05/05/09 - A	Marvel Entertainment, Inc.		57383T103			03/09/09		153
	*MVL*
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director James W. Breyer ---
		Withhold
		Board member during period of poor pay practices;
Mgmt Rec - Company Management Recommended Vote								Page 88

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		no comp member standing (classified board).
	1.2	Elect Director Laurence N. Charney ---
		Withhold
		Board member during period of poor pay practices;
		no comp member standing (classified board).
	1.3	Elect Director Richard L. Solar ---
		Withhold
		Board member during period of poor pay practices;
		no comp member standing (classified board).
	2	Ratify Auditors		For	For		Mgmt
06/16/09 - A	Masimo Corp. *MASI*		574795100			04/24/09		98
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/09/09 - A	MasterCard Incorporated		57636Q104			04/13/09		35
	*MA*
	1	Elect Directors		For	For		Mgmt
	2	Amend Certificate of Incorporation to		For	For		Mgmt
		Increase Size of Board and Amend
		Director Qualifications
		Change from 12 to 15 to provide greater flexibility
		and broader representation in business sectors.
	3	Ratify Auditors		For	For		Mgmt
05/27/09 - A	McDonald's Corp. *MCD*		580135101			03/30/09		299
	1	Elect Director Robert A. Eckert		For	For		Mgmt
	2	Elect Director Enrique Hernandez, Jr.		For	For		Mgmt
	3	Elect Director Jeanne P. Jackson		For	For		Mgmt
	4	Elect Director Andrew J. McKenna		For	For		Mgmt
	5	Ratify Auditors		For	For		Mgmt
	6	Amend Omnibus Stock Plan		For	For		Mgmt
	7	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	8	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
	9	Phase out Sales of Eggs from Battery		Against	Against		ShrHoldr
		Cage Hens
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
Mgmt Rec - Company Management Recommended Vote								Page 89

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/21/09 - A	MEMC Electronic Materials,		552715104			02/26/09		403
	Inc. *WFR*
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Robert J. Boehlke --- For
	1.2	Elect Director C. Douglas Marsh --- For
	1.3	Elect Director Michael McNamara ---
		For
	2	Ratify Auditors		For	For		Mgmt
04/28/09 - A	Merck & Co., Inc. *MRK*		589331107			02/27/09		561
	1	Elect Director Leslie A. Brun		For	For		Mgmt
	2	Elect Director Thomas R. Cech		For	For		Mgmt
	3	Elect Director Richard T. Clark		For	For		Mgmt
	4	Elect Director Thomas H. Glocer		For	For		Mgmt
	5	Elect Director Steven F. Goldstone		For	For		Mgmt
	6	Elect Director William B. Harrison, Jr.		For	For		Mgmt
	7	Elect Director Harry R. Jacobson		For	For		Mgmt
	8	Elect Director William N. Kelley		For	For		Mgmt
	9	Elect Director Rochelle B. Lazarus		For	For		Mgmt
	10	Elect Director Carlos E. Represas		For	For		Mgmt
	11	Elect Director Thomas E. Shenk		For	For		Mgmt
	12	Elect Director Anne M. Tatlock		For	For		Mgmt
	13	Elect Director Samuel O. Thier		For	For		Mgmt
	14	Elect Director Wendell P. Weeks		For	For		Mgmt
	15	Elect Director Peter C. Wendell		For	For		Mgmt
	16	Ratify Auditors		For	For		Mgmt
	17	Fix Number of Directors		For	For		Mgmt
		Increase from 14 to 18; does not appear to be
		motivated by entrenchment.
	18	Amend Bylaws-- Call Special Meetings		Against	For		ShrHoldr
		Share holder do not currently have right to act by
		written consent or to call special meeting.
	19	Require Independent Lead Director		Against	Against		ShrHoldr
		Lead director already in place.
	20	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with proposals previouly supported by
		PPC.
06/24/09 - A	Mitsubishi Corp. *8058*		J43830116			03/31/09		316
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 16
Mgmt Rec - Company Management Recommended Vote								Page 90

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Amend Business
		Lines
	3	Elect Directors		For	For		Mgmt
	4	Approve Annual Bonus Payment to		For	For		Mgmt
		Directors
	5	Approve Deep Discount Stock Option		For	For		Mgmt
		Plan
		Given these restrictions, and the extremely modest
		dilution from these grants, we do not oppose this
		resolution.
	6	Set Amounts for Retirement Bonus		For	For		Mgmt
		Reserve Funds for Directors
06/26/09 - A	Mitsubishi UFJ Financial		J44497105			03/31/09		1,533
	Group *8306*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 5 for Ordinary
		Shares
	2	Amend Articles To Amend Provisions		For	For		Mgmt
		on Preferred Shares to Reflect
		Cancellation - Reflect Digitalization of
		Share Certificates - Authorize Public
		Announcements in Electronic Format
	3	Elect Directors		For	Split		Mgmt
	3.1	Elect Director --- For
		Because of their poor attendance record at board
		meetings, nominees 15 and 17 cannot be expected
		to fulfill the role of overseeing management
		effectively in the interests of shareholders.
		Shareholders are advised to vote against these
		nominees, but for all other director candidates.
	3.2	Elect Director --- For
	3.3	Elect Director --- For
	3.4	Elect Director --- For
	3.5	Elect Director --- For
	3.6	Elect Director --- For
	3.7	Elect Director --- For
	3.8	Elect Director --- For
	3.9	Elect Director --- For
	3.10	Elect Director --- For
	3.11	Elect Director --- For
	3.12	Elect Director --- For
	3.13	Elect Director --- For
	3.14	Elect Director --- For
	3.15	Elect Director --- Against
Mgmt Rec - Company Management Recommended Vote								Page 91

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3.16	Elect Director --- For
	3.17	Elect Director --- Against
	4.1	Appoint Statutory Auditor		For	For		Mgmt
	4.2	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	4.3	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders. In addition, the nominee has an
		attendance problem. Therefore, the reappointment
		warrants a vote against.
	4.4	Appoint Statutory Auditor		For	For		Mgmt
06/25/09 - A	MIZUHO FINANCIAL GROUP		J4599L102			03/31/09		375
	INC. *8411*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 10 for Ordinary
		Shares
	2	Amend Articles To Decrease		For	For		Mgmt
		Authorized Capital to Reflect
		Cancellation - Reflect Digitalization of
		Share Certificates
	3	Elect Directors		For	For		Mgmt
	4	Appoint Statutory Auditor		For	For		Mgmt
05/04/09 - A	Motorola, Inc. *MOT*		620076109			03/09/09		696
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director G. Brown --- For
	1.2	Elect Director D. Dorman --- For
	1.3	Elect Director W. Hambrecht --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.4	Elect Director S. Jha --- For
	1.5	Elect Director J. Lewent --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
Mgmt Rec - Company Management Recommended Vote								Page 92

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.6	Elect Director K. Meister --- For
	1.7	Elect Director T. Meredith --- For
	1.8	Elect Director S. Scott III --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.9	Elect Director R. Sommer --- For
	1.10	Elect Director J. Stengel --- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.11	Elect Director A. Vinciquerra --- For
	1.12	Elect Director D. Warner III --- For
	1.13	Elect Director J. White --- For
	2	Adjust Par Value of Common Stock		For	For		Mgmt
		Routine financing matter.
	3	Approve Repricing of Options		For	For		Mgmt
		ISS recommends FOR repricing proposal that is
		value-for-value and excludes executives and non-
		employee directors. Exercise price will be $12 or
		higher if 52 wk close is higher. 57% of outstanding
		options are eligible. Surrendered options will be
		available for re-issue in future grants; "modest"
		additional accounting expense will be incurred.
		Existing plan into which surrendered options will be
		recycles passes SVT and prohibits repricing without
		shareholder approval.
	4	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	5	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Pay/performance disconnect and multiple "pay-for-
		failure" risks per ISS. One of the co-CEOs in place
		(due to pending spin-off) is highest paid CEO in
		country per NYT. NEO personal use of corp aircraft
		significantly above norms (tax gross-ups included for
		some). CEO change-in-control severance 3 times
		base plus annual bonus and tax gross-ups ($21.2 mil
		in tax for one CEO alone).
	6	Ratify Auditors		For	For		Mgmt
	7	Provide for Cumulative Voting		Against	Against		ShrHoldr
	8	Amend Bylaws-- Call Special Meetings		Against	For		ShrHoldr
		Currently no right to act by written consent or call
		special meeting.
	9	Amend Human Rights Policies		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance or that proposal will improve
		shareholder returns.
Mgmt Rec - Company Management Recommended Vote								Page 93

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/20/09 - A	Nash Finch Co. *NAFC*		631158102			04/01/09		104
	1	Elect Directors		For	For		Mgmt
	2	Provide that Directors May be		For	For		Mgmt
		Removed, With or Without Cause, by a
		Majority Vote
		Improves shareholder rights.
	3	Eliminate the Advance Notice		For	For		Mgmt
		Procedure for Director Nominations
		Changes notice requirement from 10-60 days to 60-
		90 days.
	4	Approve Omnibus Stock Plan		For	Against		Mgmt
	5	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	6	Ratify Auditors		For	For		Mgmt
	7	Other Business		For	Against		Mgmt
06/02/09 - A	National Bank of Greece SA		633643408			05/14/09		618
		Meeting for ADR Holders
	1	Accept Statutory Reports		For	For		Mgmt
	2	Accept Financial Statements		For	For		Mgmt
	3	Approve Discharge of Board and		For	For		Mgmt
		Auditors
	4	Approve Director Remuneration		For	For		Mgmt
	5	Authorize Board to Participate in		For	For		Mgmt
		Companies with Similiar Business
		Interests
	6	Ratify Director Appointments		For	For		Mgmt
	7	Approve Auditors and Fix Their		For	For		Mgmt
		Remuneration
	8	Other Business		For	Against		Mgmt
05/19/09 - A	National Presto Industries,		637215104			03/19/09		66
	Inc. *NPK*
	1	Elect Directors		For	For		Mgmt
05/05/09 - A	Nationwide Health		638620104			03/06/09		192
	Properties, Inc. *NHP*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/28/09 - A	Netflix. Inc *NFLX*		64110L106			03/31/09		108
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 94

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/11/09 - A	NextWave Wireless Inc.		65337Y102			04/22/09		3,393
	*WAVE*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Nicor Inc. *GAS*		654086107			02/24/09		90
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/24/09 - A	Nippon Steel Corp. *5401*		J55999122			03/31/09		833
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 1
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	Split		Mgmt
	3.1	Elect Director --- Against
		Because Chairman Mimura and President Muneoka
		(candidates 1 and 2) bear the greatest share of
		responsibility for the company's continued failure to
		put its poison pill to a vote and its continued failure to
		appoint outsiders to the board, as well as the
		defensive cross-shareholdings that have proven so
		costly to the company, shareholders are advised to
		oppose their reelection to the board.
	3.2	Elect Director --- Against
	3.3	Elect Director --- For
	3.4	Elect Director --- For
	3.5	Elect Director --- For
	3.6	Elect Director --- For
	3.7	Elect Director --- For
	3.8	Elect Director --- For
	3.9	Elect Director --- For
	3.10	Elect Director --- For
	4.1	Appoint Statutory Auditor		For	For		Mgmt
	4.2	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders. In addition, the nominee has an
		attendance problem. Therefore, the reappointment
		warrants a vote against.
	4.3	Appoint Statutory Auditor		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 95

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/23/09 - A	Nokia Corp.		X61873133			04/09/09		499
	1	Open Meeting		None	None		Mgmt
	2	Calling the Meeting to Order		None	None		Mgmt
	3	Designate Inspector or Shareholder		For	For		Mgmt
		Representative(s) of Minutes of
		Meeting
	4	Acknowledge Proper Convening of		For	For		Mgmt
		Meeting
	5	Prepare and Approve List of		For	For		Mgmt
		Shareholders
	6	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports; Receive Auditor's
		Report; Receive CEO's Review
	7	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	8	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 0.40 Per Share
	9	Approve Discharge of Board and		For	For		Mgmt
		President
		Based on the reasoning above, this proposal
		warrants shareholder support.
	10	Approve Remuneration of Directors in		For	For		Mgmt
		the Amount of EUR 440,000 for
		Chairman, EUR 150,000 for Vice
		Chairman, and EUR 130,000 for Other
		Directors; Approve Remuneration for
		Committee Work
	11	Fix Number of Directors at 11		For	For		Mgmt
	12	Reelect Georg Ehrnrooth, Lalita D.		For	For		Mgmt
		Gupte, Bengt Holmstrom, Henning
		Kagermann, Olli-Pekka Kallasvuo, Per
		Karlsson, Jorma Ollila, Marjorie
		Scardino, Risto Siilasmaa, and Keijo
		Suila as Directors; Elect Isabel Marey-
		Semper as New Director
	13	Approve Remuneration of Auditors		For	For		Mgmt
	14	Ratify PricewaterhouseCoopers Oy as		For	For		Mgmt
		Auditors
	15	Authorize Repurchase of up to 360		For	For		Mgmt
		Million Nokia Shares
	16	Close Meeting		None	None		Mgmt
04/21/09 - A	Northern Trust Corp. *NTRS*		665859104			03/02/09		258
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Linda Walker Bynoe ---
		For
	1.2	Elect Director Nicholas D. Chabraja ---
		Withhold
Mgmt Rec - Company Management Recommended Vote								Page 96

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Comp committee member during period of poor pay
		practices.
	1.3	Elect Director Susan Crown ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.4	Elect Director Dipak C. Jain --- For
	1.5	Elect Director Arthur L. Kelly --- For
	1.6	Elect Director Robert C. McCormack ---
		For
	1.7	Elect Director Edward J. Mooney ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.8	Elect Director William A. Osborn --- For
	1.9	Elect Director John W. Rowe --- For
	1.10	Elect Director Harold B. Smith --- For
	1.11	Elect Director William D. Smithburg ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.12	Elect Director Enrique J. Sosa --- For
	1.13	Elect Director Charles A. Tribbett III ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.14	Elect Director Frederick H. Waddell ---
		For
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		NEO CIC with tax-gross-ups, overly liberal definition
		of CIC.
05/01/09 - A	Occidental Petroleum Corp.		674599105			03/11/09		247
	*OXY*
	1	Elect Directors		For	Against		Mgmt
	1.1	Elect Director Spencer Abraham ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.2	Elect Director Ronald W. Burkle ---
Mgmt Rec - Company Management Recommended Vote								Page 97

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.3	Elect Director John S. Chalsty ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.4	Elect Director Edward P. Djerejian ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.5	Elect Director John E. Feick --- Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.6	Elect Director Ray R. Irani --- Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.7	Elect Director Irvin W. Maloney ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.8	Elect Director Avedick B. Poladian ---
		Against
	1.9	Elect Director Rodolfo Segovia ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.10	Elect Director Aziz D. Syriani ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	1.11	Elect Director Rosemary Tomich ---
Mgmt Rec - Company Management Recommended Vote								Page 98

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers;
		comp committee member during period of poor pay
		practices.
	1.12	Elect Director Walter L. Weisman ---
		Against
		Reniged on committed to implement say-on-pay due
		to fear of shareholder dissent over CEO comp (one
		of highest in country and significanly above peers.
	2	Ratify Auditors		For	For		Mgmt
	3	Provide Right to Call Special Meeting		For	Against		Mgmt
		Shareholders currently have right to call special
		meeting (25%).
	4	Report on Host Country Social and		Against	Against		ShrHoldr
		Environmental Laws
		Management responded meaningfully; no evidence
		that company not in compliance with current law or
		that proposal will result in improved sharehoder
		returns or change laws in host countries.
04/22/09 - A	Odyssey Re Holdings Corp.		67612W108			03/06/09		104
	*ORH*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director V. Prem Watsa --- For
	1.2	Elect Director James F. Dowd --- For
	1.3	Elect Director Andrew A. Barnard ---
		For
	1.4	Elect Director Peter M. Bennett --- For
	1.5	Elect Director Anthony F. Griffiths ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director Patrick W. Kenny ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.7	Elect Director Bradley P. Martin --- For
	1.8	Elect Director Robert J. Solomon --- For
	1.9	Elect Director Brandon W. Sweitzer ---
		Withhold
		Comp committee member during period of poor pay
		practices.
Mgmt Rec - Company Management Recommended Vote								Page 99

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/19/09 - A	Omnicom Group Inc. *OMC*		681919106			03/30/09		479
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director John D. Wren --- For
	1.2	Elect Director Bruce Crawford --- For
	1.3	Elect Director Alan R. Batkin ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.4	Elect Director Robert Charles Clark ---
		For
	1.5	Elect Director Leonard S. Coleman, Jr.
		--- Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.6	Elect Director Errol M. Cook --- For
	1.7	Elect Director Susan S. Denison ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.8	Elect Director Michael A. Henning ---
		Withhold
Mgmt Rec - Company Management Recommended Vote								Page 100

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.9	Elect Director John R. Murphy --- For
	1.10	Elect Director John R. Purcell --- For
	1.11	Elect Director Linda Johnson Rice ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	1.12	Elect Director Gary L. Roubos ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO 2008 20.91% pay increase not
		performance based (significant portion was time-
		vested options). 5 NEOs are covered by a restrictive
		covenant and retention plan that guarantees each of
		them 15 years of salary and benefits starting at age
		55 or termination for any reason or no reason. If the
		NEOs have not fulfilled the seven year service
		requirement under the plan, they will be paid seven
		year salary and benefits after termination for any
		reason or no reason.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
05/20/09 - A	ON Semiconductor		682189105			04/06/09		669
	Corporation *ONNN*
	1	Elect Directors		For	For		Mgmt
	2	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
Mgmt Rec - Company Management Recommended Vote								Page 101

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		All employees can purchase shares at 85% of F.M.V.
	3	Ratify Auditors		For	For		Mgmt
05/26/09 - A	ONYX Pharmaceuticals, Inc.		683399109			03/30/09		75
	*ONXX*
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 12.05% is within allowable cap of
		12.83%.
	3	Ratify Auditors		For	For		Mgmt
06/17/09 - A	OSI Pharmaceuticals, Inc.		671040103			04/22/09		73
	*OSIP*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert A. Ingram ---
		Withhold
		Sits on 6 boards; no mitigating circumstances
		disclosed. Comp committee member during period of
		poor pay practices. NEO tax gross-ups retained on
		double-trigger change-in-control agreements.
	1.2	Elect Director Colin Goddard, Ph.D. ---
		For
	1.3	Elect Director Santo J. Costa ---
		Withhold
		Comp committee member during period of poor pay
		practices. NEO tax gross-ups retained on double-
		trigger change-in-control agreements.
	1.4	Elect Director Joseph Klein, III ---
		Withhold
		Sits on 6 boards; no mitigating circumstances
		disclosed.
	1.5	Elect Director Kenneth B. Lee, Jr. ---
		For
	1.6	Elect Director Viren Mehta --- Withhold
		Comp committee member during period of poor pay
		practices. NEO tax gross-ups retained on double-
		trigger change-in-control agreements.
	1.7	Elect Director David W. Niemiec --- For
	1.8	Elect Director Herbert M. Pinedo, M.D.,
		Ph.D. --- For
	1.9	Elect Director Katharine B. Stevenson -
		-- For
	1.10	Elect Director John P. White --- For
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 102

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/13/09 - A	Perot Systems Corp. *PER*		714265105			03/16/09		237
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/18/09 - A	Petrohawk Energy		716495106			04/27/09		339
	Corporation *HK*
	1	Elect Directors		For	Withhold		Mgmt
	2	Increase Authorized Common Stock		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Amend Non-Employee Director		For	For		Mgmt
		Omnibus Stock Plan
	5	Permit Board to Amend Bylaws Without		For	Against		Mgmt
		Shareholder Consent
	6	Ratify Auditors		For	For		Mgmt
04/23/09 - A	Pfizer Inc. *PFE*		717081103			02/24/09		1,725
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Limit/Prohibit Executive Stock-Based		Against	Against		ShrHoldr
		Awards
		Overly restrictive; limits normal compeditive comp
		tool.
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior proposals supported by PPC.
	6	Provide for Cumulative Voting		Against	Against		ShrHoldr
	7	Amend Bylaws -- Call Special Meetings		Against	Against		ShrHoldr
		25% shareholder right to call special meeting already
		in place.
05/13/09 - A	PG&E Corp. *PCG*		69331C108			03/16/09		464
	1	Elect Director David R. Andrews		For	For		Mgmt
	2	Elect Director C. Lee Cox		For	For		Mgmt
	3	Elect Director Peter A. Darbee		For	For		Mgmt
	4	Elect Director Maryellen C. Herringer		For	For		Mgmt
	5	Elect Director Roger H. Kimmel		For	For		Mgmt
	6	Elect Director Richard A. Meserve		For	For		Mgmt
	7	Elect Director Forrest E. Miller		For	For		Mgmt
	8	Elect Director Barbara L. Rambo		For	For		Mgmt
	9	Elect Director Barry Lawson Williams		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification consistently
Mgmt Rec - Company Management Recommended Vote								Page 103

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		supported buy PPC.
	12	Reincorporate in Another State		Against	Against		ShrHoldr
		[California to North Dakota ]
05/05/09 - A	Philip Morris International		718172109			03/10/09		564
	Inc. *PM*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
04/29/09 - A	PLATINUM UNDERWRITERS		G7127P100			03/16/09		94
	HOLDINGS LTD *PTP*
	1	Elect Directors		For	For		Mgmt
	2	Approve KPMG as Auditors and		For	For		Mgmt
		Authorize Board to Fix Their
		Remuneration
05/27/09 - A	Polycom, Inc. *PLCM*		73172K104			04/10/09		208
	1	Elect Directors		For	For		Mgmt
	2	Approve Option Exchange Program		For	For		Mgmt
		Value-for-value, excludes executives, timng and
		price reasonable; recycles options will not put plan
		over SVT cap.
	3	Ratify Auditors		For	For		Mgmt
05/20/09 - A	PPL Corp. *PPL*		69351T106			02/27/09		132
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		Against	For		ShrHoldr
06/03/09 - A	Priceline.com Inc. *PCLN*		741503403			04/14/09		76
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Right to Call Special Meetings		For	For		Mgmt
		Shareholders may not act by written consent
		Shareholders may not call special meetings
	4	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholders will have 25% right to call secial
		meeting if item 3 is approved (mgmt version).
Mgmt Rec - Company Management Recommended Vote								Page 104

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/21/09 - A	Pride International, Inc.		74153Q102			03/31/09		283
	*PDE*
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director David A. B. Brown ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.2	Elect Director Kenneth M. Burke ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.3	Elect Director Archie W. Dunham ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.4	Elect Director David A. Hager ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.5	Elect Director Francis S. Kalman ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.6	Elect Director Ralph D. McBride ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.7	Elect Director Robert G. Phillips ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	1.8	Elect Director Louis A. Raspino ---
		Withhold
		Amended poison pill without shareholder vote
		(reduced trigger to 10%).
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	ProAssurance Corporation		74267C106			03/31/09		62
	*PRA*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	ProLogis *PLD*		743410102			03/23/09		432
	1	Elect Directors		For	Split		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 105

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.1	Elect Director Stephen L. Feinberg ---
		Withhold
		Comp committee  member during period of
		pay/performance disconnect and poor/pay practices.
	1.2	Elect Director George L. Fotiades ---
		For
	1.3	Elect Director Christine N. Garvey ---
		For
	1.4	Elect Director Lawrence V. Jackson ---
		For
	1.5	Elect Director Donald P. Jacobs ---
		Withhold
		Comp committee  member during period of
		pay/performance disconnect and poor/pay practices.
	1.6	Elect Director Walter C. Rakowich ---
		For
	1.7	Elect Director D. Michael Steuert --- For
	1.8	Elect Director J. Andre Teixeira --- For
	1.9	Elect Director William D. Zollars ---
		Withhold
		Comp committee  member during period of
		pay/performance disconnect and poor/pay practices.
	1.10	Elect Director Andrea M. Zulberti ---
		Withhold
		Comp committee  member during period of
		pay/performance disconnect and poor/pay practices.
	2	Ratify Auditors		For	For		Mgmt
05/19/09 - A	Psychiatric Solutions, Inc.		74439H108			03/26/09		117
	*PSYS*
	1	Elect Directors		For	For		Mgmt
	2	Amend Non-Employee Director		For	For		Mgmt
		Omnibus Stock Plan
		Plan's cost of 10.51% is within allowable cap of
		11.74%.
	3	Ratify Auditors		For	For		Mgmt
05/07/09 - A	Public Storage *PSA*		74460D109			03/09/09		250
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
06/04/09 - A	Quest Software, Inc. *QSFT*		74834T103			04/27/09		208
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 106

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/12/09 - A	Realty Income Corp. *O*		756109104			03/12/09		254
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/13/09 - A	Repsol YPF S.A		E8471S130			None		153
	1	Approve Individual and Consolidated		For	For		Mgmt
		Financial Statements, Allocation of
		Income, and Discharge Directors
	2	Elect Directors		For	For		Mgmt
	3	Elect External Auditors		For	For		Mgmt
	4	Authorize Repurchase of Shares		For	For		Mgmt
	5	Authorize Issuance of		For	For		Mgmt
		Bonds/Debentures
	6	Authorize Board to Ratify and Execute		For	For		Mgmt
		Approved Resolutions
05/06/09 - A	Reynolds American Inc *RAI*		761713106			03/09/09		371
	1	Elect Directors		For	For		Mgmt
	2	Approve Omnibus Stock Plan		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Declassify the Board of Directors		Against	For		ShrHoldr
	5	Report on Marketing Practices on the		Against	Against		ShrHoldr
		Poor
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will results in improved shareholder returns.
	6	Reduce Nicotine Content to Non-		Against	Against		ShrHoldr
		Addictive Levels
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will results in improved shareholder returns.
	7	Adopt Human Rights Protocols for		Against	Against		ShrHoldr
		Company and Suppliers
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will results in improved shareholder returns.
06/03/09 - A	Rightnow Technologies, Inc		76657R106			04/09/09		291
	*RNOW*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Other Business		For	Against		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 107

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/20/09 - A	Rio Tinto Ltd. (Formerly Cra		Q81437107			04/18/09		52
	Ltd.) *RIO*
	1	Receive Financial Statements and		For	For		Mgmt
		Statutory Reports for the Financial Year
		Ended Dec. 31, 2008
	2	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended Dec. 31, 2008
	3	Elect Jan du Plessis as a Director		For	For		Mgmt
	4	Elect David Clementi as a Director		For	For		Mgmt
	5	Elect Rod Eddington as a Director		For	Against		Mgmt
		- Sir Rod Eddington as an independent director of
		Allco (now in voluntary administration) supported the
		Rubicon purchase and the advancing of funds to the
		Allco Principals Trust, based on the
		administrator’s report, to prevent margin
		calls over Allco shares held by APT. This item
		does not merit support.
	6	Elect Andrew Gould as a Director		For	For		Mgmt
	7	Elect David Mayhew as a Director		For	For		Mgmt
	8	Approve Appointment of		For	For		Mgmt
		PricewaterhouseCoopers LLP as
		Auditors of the Company and Authorize
		Board to Fix Their Remuneration
	9	Approve Increase in Non-Executive		None	For		Mgmt
		Directors' Remuneration to A$4.7
		Million per Annum
	10	Approve the Renewal of the Company's		For	For		Mgmt
		Authority to Buy Back All the Ordinary
		Shares Held by Tinto Holdings
		Australia Pty Ltd under a Selective
		Buyback Agreement
	11	Approve Amendments to the Rio Tinto		For	For		Mgmt
		Ltd Constitution and Adoption and
		Amendment of the New Rio Tinto Plc
		Articles of Association
04/15/09 - A	Rio Tinto plc		G75754104			None		159
		Resolutions 1 to 9 will be Voted on
		by Rio Tinto plc and Rio Tinto
		Limited Shareholders as a Joint
		Electorate
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
		Summary & Vote Recommendation The
		main outstanding remuneration issue is the
		integration bonus arrangements for Dick Evans and
		the fact that the existence of this bonus was not
		previously disclosed to shareholders. This is
		disappointing given the fact that this bonus
Mgmt Rec - Company Management Recommended Vote								Page 108

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		represents a significant incentive for a main Board
		executive. After consideration and taking into
		account additional feedback from the Company, a
		vote recommendation against the remuneration
		report is not considered warranted on the basis of
		this issue alone. The rationale for this conclusion is
		as follows: - The company has provided extra
		detail on the performance conditions applying to the
		integration bonus. It notes that the synergy savings
		for 2008 were USD 585 million (GBP 314 million),
		against a target of USD 550 million (GBP 295
		million). - The company makes a case for the
		bonus being a discrete part of the remuneration
		policy with a specific purpose, tied to the
		performance of one executive director. Given Dick
		Evans's role, it is not unreasonable that he has
		specific integration targets following the acquisition of
		Alcan. - The remuneration package for Dick
		Evans is tied to his contract, which ends on 31
		December 2009. The Company has confirmed that
		he has no entitlement to any termination payment
		when he leaves. - The overall remuneration
		policy at Rio Tinto raises few concerns and the
		general level of disclosure is good. Although some
		shareholders may have concerns that executive
		directors received bonuses in respect of 2008, the
		Company appears to have recognised this issue to a
		certain extent through the mandatory deferral of
		bonuses into shares. In light of the above, on
		balance the remuneration report is worthy of qualified
		support. However, the Company is encouraged to
		engage with shareholders in advance of introducing
		special bonus arrangements in the future. It should
		also ensure that any such bonuses are disclosed and
		explained in full. [Vote Recommendation:
		CONTENTIOUS FOR]
	3	Elect Jan du Plessis as Director		For	For		Mgmt
		Analysis & Vote
		Recommendation Exceptionally, the election/re-
		election of all directors at this AGM is being
		highlighted as potentially contentious. This is
		because of the continuing debate over the merits of
		the Chinalco deal announced on 12 February 2009.
		Some shareholders have raised serious concerns
		with the terms of the transaction and may feel that a
		vote against the Rio Tinto directors is an appropriate
		course of action at this stage. However, given
		that the transaction has not yet been finalised and,
		indeed, may not proceed in the manner currently
		envisaged, it is considered too early for a negative
		vote recommendation against the directors to be
Mgmt Rec - Company Management Recommended Vote								Page 109

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		issued. That said, directors must be prepared to be
		held formally accountable for decisions they take in
		respect of the deal. Developments over the coming
		year will be monitored closely and any serious
		ongoing concerns will be taken fully into account
		when considering vote recommendations for the
		2010 AGM. The role of Jan du Plessis over the
		coming year will be particularly important given his
		position as incoming Chairman of the
		Board. [Vote Recommendation: CONTENTIOUS
		FOR]
	4	Re-elect Sir David Clementi as Director For			For		Mgmt
		Analysis & Vote
		Recommendation Exceptionally, the election/re-
		election of all directors at this AGM is being
		highlighted as potentially contentious. This is
		because of the continuing debate over the merits of
		the Chinalco deal announced on 12 February 2009.
		Some shareholders have raised serious concerns
		with the terms of the transaction and may feel that a
		vote against the Rio Tinto directors is an appropriate
		course of action at this stage. However, given
		that the transaction has not yet been finalised and,
		indeed, may not proceed in the manner currently
		envisaged, it is considered too early for a negative
		vote recommendation against the directors to be
		issued. That said, directors must be prepared to be
		held formally accountable for decisions they take in
		respect of the deal. Developments over the coming
		year will be monitored closely and any serious
		ongoing concerns will be taken fully into account
		when considering vote recommendations for the
		2010 AGM.            [Vote Recommendation:
		CONTENTIOUS FOR]
	5	Re-elect Sir Rod Eddington as Director For			Against		Mgmt
		Summary & Vote
		Recommendation Shareholders will need to
		consider Sir Rod Eddington’s position based
		on the available information. Concerns have arisen
		about his performance as a non-executive director of
		Allco. The view has been taken in this report that
		given his position as an independent director who
		supported the Rubicon purchase by Allco, the value
		of which was substantially written down within seven
		months of acquisition, it appears reasonable for
		shareholders to question his continuing service as a
		member of the Rio Tinto board. It is also
		appropriate to consider Sir Rod Eddington's position
		in the context of the fact that he currently serves on
		seven boards - Rio Tinto, News Corporation, John
		Swire & Sons Pty, CLP Holdings, Allco, JP
Mgmt Rec - Company Management Recommended Vote								Page 110

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Morgan Australia and New Zealand and
		Infrastructure Australia - the last two of which he
		chairs. He is also Chairman Designate of ANZ
		Banking Group Ltd. In cases such as this, questions
		of whether or not an individual has sufficient time to
		dedicate to all his roles become
		relevant. Shareholders have a difficult judgement
		call to make when determining the appropriate voting
		stance on this resolution. Rio Tinto strongly defends
		Sir Rod Eddington's position on the board of Rio
		Tinto and has no hesitation in recommending that
		shareholders support his re-election. This report
		has concluded, however, that the situation at Allco
		raises questions about Sir Rod Eddington's
		performance as a director. It is therefore considered
		reasonable that shareholders consider voting against
		his re-election to the board of Rio Tinto.
	6	Re-elect Andrew Gould as Director		For	For		Mgmt
		Analysis & Vote
		Recommendation Exceptionally, the election/re-
		election of all directors at this AGM is being
		highlighted as potentially contentious. This is
		because of the continuing debate over the merits of
		the Chinalco deal announced on 12 February 2009.
		Some shareholders have raised serious concerns
		with the terms of the transaction and may feel that a
		vote against the Rio Tinto directors is an appropriate
		course of action at this stage. However, given
		that the transaction has not yet been finalised and,
		indeed, may not proceed in the manner currently
		envisaged, it is considered too early for a negative
		vote recommendation against the directors to be
		issued. That said, directors must be prepared to be
		held formally accountable for decisions they take in
		respect of the deal. Developments over the coming
		year will be monitored closely and any serious
		ongoing concerns will be taken fully into account
		when considering vote recommendations for the
		2010 AGM. [Vote Recommendation:
		CONTENTIOUS FOR]
	7	Re-elect David Mayhew as Director		For	For		Mgmt
		Vote Recommendation Exceptionally, the
		election/re-election of all directors at this AGM is
		being highlighted as potentially contentious. This is
		because of the continuing debate over the merits of
		the Chinalco deal announced on 12 February 2009.
		Some shareholders have raised serious concerns
		with the terms of the transaction and may feel that a
		vote against the Rio Tinto directors is an appropriate
		course of action at this stage. However, given
		that the transaction has not yet been finalised and,
Mgmt Rec - Company Management Recommended Vote								Page 111

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		indeed, may not proceed in the manner currently
		envisaged, it is considered too early for a negative
		vote recommendation against the directors to be
		issued. That said, directors must be prepared to be
		held formally accountable for decisions they take in
		respect of the deal. Developments over the coming
		year will be monitored closely and any serious
		ongoing concerns will be taken fully into account
		when considering vote recommendations for the
		2010 AGM. [Vote Recommendation:
		CONTENTIOUS FOR]
	8	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors and Authorise the
		Audit Committee to Determine Their
		Remuneration
	9	Amend Articles of Association and		For	For		Mgmt
		Amend the Constitution of Rio Tinto
		Limited Re: Non-Executive Directors'
		Fees
		Resolutions 10 to 13 will be Voted on
		by Rio Tinto plc Shareholders Only
	10	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital from GBP
		142,123,283.30 to GBP
		170,000,000.30; Authorise Issue of
		Equity with Pre-emptive Rights up to
		GBP 32,948,000 in Connection with an
		Offer by Way of Rights Issue;
		Otherwise up to GBP 32,948,000
	11	Subject to the Passing of Resolution		For	For		Mgmt
		10, Authorise Issue of Equity or Equity-
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 6,420,000
	12	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		be Called on Not Less Than 14 Clear
		Days' Notice
	13	Approve Scrip Dividend Program		For	For		Mgmt
		Resolution 14 will be Voted on by
		Rio Tinto plc and Rio Tinto Limited
		Shareholder Separately
	14	Adopt New Articles of Association;		For	For		Mgmt
		Amend Articles of Association; Amend
		the Constitution of Rio Tinto Limited
04/23/09 - A	Rockwood Holdings, Inc.		774415103			03/04/09		161
	*ROC*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Nance K. Dicciani --- For
Mgmt Rec - Company Management Recommended Vote								Page 112

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.2	Elect Director J. Kent Masters ---
		Withhold
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	Against		Mgmt
	4	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
05/19/09 - A	Royal Dutch Shell plc		G7690A100			None		569
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
		Vote Recommendation In arriving at a voting
		decision on Royal Dutch Shell’s 2008
		remuneration report, shareholders should take into
		account a number of factors. The
		Company’s headline performance was
		strong in the year in question (although as the
		Company’s first quarter 2009 results
		suggest, a large factor for the increased profits in
		2008 was driven by increases in oil prices), in
		addition the Company has demonstrated improved
		performance in a number of key operational areas in
		recent years. That said, the Committee’s
		decision to release for vesting 50% of the
		performance shares awarded in 2006 under the
		LTIP, despite fourth placed TSR ranking compared to
		the four other global oil majors, is an area of
		considerable concern. The concern is intensified in
		the context of the global economic
		downturn. The Company provided detailed
		explanations and statistical indicators to support the
		Committee’s decision in this instance,
		including ‘outstanding’ Shell
		scorecard performance in 2006, 2007 and 2008 and
		generally median performance compared to the LTIP
		comparator group in a number of financial and
		operation areas other than TSR. After undertaking a
		thorough examination of the issues and after careful
		consideration, shareholders are advised to vote
		against the remuneration report for the following
		reasons: (i) The use of discretion occurred for
		the second consecutive year despite fourth placed
		relative TSR performance in both the 2005-07 and
		2006-08 performance periods; and (ii) The
		economic context in which the decision was taken,
		which leads to a case for considering that the
		Committee should have exercised more restraint in
		2008. Shareholders may wish to consider
Mgmt Rec - Company Management Recommended Vote								Page 113

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		arriving at their own voting decision on this item
		based on the information contained in this report and
		the detailed explanations provided by the Company.
	3	Elect Simon Henry as Director		For	For		Mgmt
	4	Re-elect Lord Kerr of Kinlochard as		For	For		Mgmt
		Director
	5	Re-elect Wim Kok as Director		For	For		Mgmt
	6	Re-elect Nick Land as Director		For	For		Mgmt
	7	Re-elect Jorma Ollila as Director		For	For		Mgmt
	8	Re-elect Jeroen van der Veer as		For	For		Mgmt
		Director
	9	Re-elect Hans Wijers as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of EUR 145 Million
	13	Subject to the Previous Resolution		For	For		Mgmt
		Being Passed, Authorise Issue of
		Equity or Equity-Linked Securities
		without Pre-emptive Rights up to
		Aggregate Nominal Amount of EUR 21
		Million
	14	Authorise 624 Million Ordinary Shares		For	For		Mgmt
		for Market Purchase
	15	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Organisations
		Other than Political Parties up to GBP
		200,000 and to Incur EU Political
		Expenditure up to GBP 200,000
05/19/09 - A	Royal Dutch Shell plc		G7690A118			None		431
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
		Vote Recommendation In arriving at a voting
		decision on Royal Dutch Shell’s 2008
		remuneration report, shareholders should take into
		account a number of factors. The
		Company’s headline performance was
		strong in the year in question (although as the
		Company’s first quarter 2009 results
		suggest, a large factor for the increased profits in
		2008 was driven by increases in oil prices), in
		addition the Company has demonstrated improved
		performance in a number of key operational areas in
Mgmt Rec - Company Management Recommended Vote								Page 114

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		recent years. That said, the Committee’s
		decision to release for vesting 50% of the
		performance shares awarded in 2006 under the
		LTIP, despite fourth placed TSR ranking compared to
		the four other global oil majors, is an area of
		considerable concern. The concern is intensified in
		the context of the global economic
		downturn. The Company provided detailed
		explanations and statistical indicators to support the
		Committee’s decision in this instance,
		including ‘outstanding’ Shell
		scorecard performance in 2006, 2007 and 2008 and
		generally median performance compared to the LTIP
		comparator group in a number of financial and
		operation areas other than TSR. After undertaking a
		thorough examination of the issues and after careful
		consideration, shareholders are advised to vote
		against the remuneration report for the following
		reasons: (i) The use of discretion occurred for
		the second consecutive year despite fourth placed
		relative TSR performance in both the 2005-07 and
		2006-08 performance periods; and (ii) The
		economic context in which the decision was taken,
		which leads to a case for considering that the
		Committee should have exercised more restraint in
		2008. Shareholders may wish to consider
		arriving at their own voting decision on this item
		based on the information contained in this report and
		the detailed explanations provided by the Company.
	3	Elect Simon Henry as Director		For	For		Mgmt
	4	Re-elect Lord Kerr of Kinlochard as		For	For		Mgmt
		Director
	5	Re-elect Wim Kok as Director		For	For		Mgmt
	6	Re-elect Nick Land as Director		For	For		Mgmt
	7	Re-elect Jorma Ollila as Director		For	For		Mgmt
	8	Re-elect Jeroen van der Veer as		For	For		Mgmt
		Director
	9	Re-elect Hans Wijers as Director		For	For		Mgmt
	10	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	11	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	12	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of EUR 145 Million
	13	Subject to the Previous Resolution		For	For		Mgmt
		Being Passed, Authorise Issue of
		Equity or Equity-Linked Securities
		without Pre-emptive Rights up to
		Aggregate Nominal Amount of EUR 21
Mgmt Rec - Company Management Recommended Vote								Page 115

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Million
	14	Authorise 624 Million Ordinary Shares		For	For		Mgmt
		for Market Purchase
	15	Authorise the Company and its		For	For		Mgmt
		Subsidiaries to Make EU Political
		Donations to Political Organisations
		Other than Political Parties up to GBP
		200,000 and to Incur EU Political
		Expenditure up to GBP 200,000
04/22/09 - A	RWE AG		D6629K109			04/01/09		69
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 4.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
	6	Ratify PricewaterhouseCoopers AG for		For	For		Mgmt
		the Inspection of the 2009 Mid-Yearl
		Report
	7	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	8	Authorize Use of Financial Derivatives		For	For		Mgmt
		when Repurchasing Shares
	9	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 6
		Billion; Approve Creation of EUR 144
		Million Pool of Capital to Guarantee
		Conversion Rights
	10	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 6
		Billion; Approve Creation of EUR 144
		Million Pool of Capital to Guarantee
		Conversion Rights
	11	Amend Articles Re: Participation in the		For	For		Mgmt
		Annual Meeting; Chair of the Annual
		Meeting
	12	Amend Articles Re: Designation of		For	For		Mgmt
		Proxy
Mgmt Rec - Company Management Recommended Vote								Page 116

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/13/09 - A	Safeway Inc. *SWY*		786514208			03/16/09		684
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Provide for Cumulative Voting		Against	Against		ShrHoldr
	4	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Not needed; shareholders already have right to call
		special meeting and act by written consent.
	5	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
		Management responded meaningfully; no evidence
		that proposal it the best way to achieve appropriate
		control of excessive executive comp or that it will
		improve shareholder returns.
06/19/09 - A	SAIC Inc *SAI*		78390X101			04/20/09		346
	1	Elect Directors		For	For		Mgmt
	2	Approve Conversion of Securities		For	For		Mgmt
		Eliminates dual class structure; no impact to existing
		shareholders.
	3	Ratify Auditors		For	For		Mgmt
04/17/09 -	Sanofi Aventis		F5548N101			04/14/09		141
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 2.20 per Share
	4	Ratify Appointment of Chris Viehbacher		For	For		Mgmt
		as Director
	5	Approve Auditors' Special Report		For	Against		Mgmt
		Regarding Related-Party Transactions
		The amount of the total severance package granted
		to Gerard Le Fur represents an amount exceeding
		twice his last annual cash compensation (salary and
		bonus). As a result, this item does not merit
		support.
	6	Approve Transaction with Chris		For	Against		Mgmt
		Viehbacher Re: Severance Payments
		Because of the lack of challenging performance
		criteria, this item does not merit approval.
Mgmt Rec - Company Management Recommended Vote								Page 117

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	7	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	8	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 1.3 Billion
	9	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 500 Million
	10	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	11	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	12	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 500 Million for Bonus Issue
		or Increase in Par Value
	13	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	14	Authorize up to 2.5 Percent of Issued		For	Against		Mgmt
		Capital for Use in Stock Option Plan
		Because of the volume of shares to be granted is
		9.05 percent, which exceeds the 5-percent guideline,
		this proposal does not merit support.
	15	Authorize up to 1.0 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock Plan
		However, the lack of full disclosure on the future
		performance criteria prevents the analysis of these
		performance criteria's stringency from being
		performed. Due to this element, along with the fact
		that the volume of shares to be granted could reach
		7.64 percent, which is in excess of the 5-percent
		guideline, this proposal does not merit support.
	16	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	17	Amend Article 15 of the Bylaws Re:		For	For		Mgmt
		Audit Committee
	18	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
05/19/09 - A	SAP AG		D66992104			04/28/09		112
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 118

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Dividends of EUR 0.50 per Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Ratify KPMG AG as Auditors for Fiscal		For	For		Mgmt
		2009
	6	Authorize Share Repurchase Program		For	For		Mgmt
		and Reissuance or Cancellation of
		Repurchased Shares
	7	Amend Articles Re: Electronic Proxy		For	For		Mgmt
		Authorization due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
04/08/09 - A	Schlumberger Ltd. *SLB*		806857108			02/18/09		256
	1	Elect Directors		For	For		Mgmt
	2	Adopt and Approve Financials and		For	For		Mgmt
		Dividends
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	4	Approval of Independent Registered		For	For		Mgmt
		Public Accounting Firm
04/23/09 -	Schneider Electric SA		F86921107			04/20/09		40
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 3.45 per Share
	4	Approve Auditors' Special Report		For	For		Mgmt
		Regarding Related-Party Transactions
	5	Approve Transaction with Jean-Pascal		For	Against		Mgmt
		Tricoire Re: Pension Scheme and
		Severance Payment
		The severance payment could exceed twice the last
		annual remuneration (fixed and variable) received
		and the performance criteria attached are not
		stringent or measurable. Moreover, the management
		board's chairman would benefit of his stock-options
		or free shares after his removal. For all those
		reasons, a vote against this resolution is warranted.
	6	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	7	Ratify Change of Registered Office to		For	For		Mgmt
		35, Rue Joseph Monier, 92500 Rueil
Mgmt Rec - Company Management Recommended Vote								Page 119

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Malmaison and Amend Article 5 of
		Bylaws Accordingly
		Special Business
	8	Update Corporate Purpose and Amend		For	For		Mgmt
		Article 2 of Bylaws Accordingly
	9	Approve Share Ownership Disclosure		For	For		Mgmt
		Threshold
	10	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 800 Million
	11	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 360 Million
	12	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	13	Authorize Capital Increase for Future		For	For		Mgmt
		Exchange Offers
	14	Authorize up to 3 Percent of Issued		For	Against		Mgmt
		Capital for Use in Stock Option Plan
		Given the dilution in excess of 5-percent guideline
		(6.76 percent), and as past plans were only partly
		subject to performance criteria (or not at all for some
		plans) and that those criteria are not measurable, this
		proposal does not merit approval.
	15	Authorize up to 1 Percent of Issued		For	Against		Mgmt
		Capital for Use in Restricted Stock Plan
		Because of the absence of stringent performance
		criteria and the fact that only half of the restricted
		shares are conditioned to the achievement of those
		criteria, opposition to this proposal is warranted.
	16	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	17	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for International Employees
	18	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	19	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
		Shareholder Proposals
	A	Limit Remuneration of Supervisory		Against	Against		ShrHoldr
		Board Members at the Aggregate
		Amount of EUR 600,000
		As the current remuneration is not excessive, this
		item does not warrant a vote in favor
Mgmt Rec - Company Management Recommended Vote								Page 120

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/18/09 - A	Senior Housing Properties		81721M109			03/17/09		252
	Trust *SNH*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Jeffrey P. Somers --- For
	1.2	Elect Director Barry M. Portnoy ---
		Withhold
		Sits on 6 boards.
05/08/09 - A	Simon Property Group, Inc.		828806109			03/09/09		108
	*SPG*
	1	Approve Increase in Size of Board		For	Against		Mgmt
		Permits board to fix number of directors without
		shareholder approval.
	2	Reduce Supermajority Vote		For	For		Mgmt
		Requirement
	3	Increase Authorized Common Stock		For	For		Mgmt
	4	Amend Charter to Delete Obsolete or		For	For		Mgmt
		Unnecessary Provisions
	5	Elect Directors		For	For		Mgmt
	6	Adjourn Meeting		For	Against		Mgmt
	7	Ratify Auditors		For	For		Mgmt
05/12/09 - A	Smith International, Inc. *SII*		832110100			03/13/09		259
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert Kelley --- For
	1.2	Elect Director Luiz Rodolfo Landim
		Machado --- Withhold
		Sits on 6 boards.
	1.3	Elect Director Doug Rock --- For
	2	Ratify Auditors		For	For		Mgmt
06/19/09 - A	Sohu.com Inc. *SOHU*		83408W103			04/17/09		54
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Charles Zhang --- For
	1.2	Elect Director Charles Huang --- For
	1.3	Elect Director Dave Qi --- For
	1.4	Elect Director Shi Wang --- Withhold
		This nominee attended less than 75% of board
		meetings during the previous two years.
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 121

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/19/09 - A	Sony Corp. *6758*		J76379106			03/31/09		183
	1	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	2	Elect Directors		For	For		Mgmt
	3	Approve Stock Option Plan		For	For		Mgmt
05/19/09 - A	Southwestern Energy Co.		845467109			03/23/09		527
	*SWN*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Lewis E. Epley, Jr. --- For
	1.2	Elect Director Robert L. Howard ---
		Withhold
		Comp committee member during period of poor pay
		practices (NEO change-in-control with tax-gross-ups;
		NEO are paid tax gross-ups on "all other comp" -
		$2.6m 2008.
	1.3	Elect Director Harold M. Korell --- For
	1.4	Elect Director Vello A. Kuuskraa ---
		Withhold
	1.5	Elect Director Kenneth R. Mourton ---
		Withhold
	1.6	Elect Director Charles E. Scharlau ---
		For
	2	Ratify Auditors		For	For		Mgmt
05/19/09 - A	StatoilHydro ASA (formerly		R8412T102			None		208
	Statoil ASA)
	1	Open Meeting		None	None		Mgmt
	2	Elect Olaug Svarva as Chairman of		For	For		Mgmt
		Meeting
	3	Approve Notice of Meeting and Agenda		For	For		Mgmt
	4	Registration of Attending Shareholders		None	None		Mgmt
		and Proxies
	5	Designate Inspectors of Minutes of		For	For		Mgmt
		Meeting
	6	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports; Approve Allocation
		of Income and Dividends of NOK 7.25
		per Share (NOK 4.40 as Ordinary
		Dividend and NOK 2.85 as Special
		Dividend)
	7	Approve Remuneration of Auditors		For	For		Mgmt
	8	Elect One Deputy Member of Corporate		For	Against		Mgmt
		Assembly
		Conclusion While the company's board of
		directors meets guidelines regarding independence,
		the omission of the name of the nominee for the
		corporate assembly makes it impossible to make an
Mgmt Rec - Company Management Recommended Vote								Page 122

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		informed decision in this matter, which warrants a
		vote against this resolution.
	9	Approve Remuneration Policy And		For	Against		Mgmt
		Other Terms of Employment For
		Executive Management
		Conclusion The company's overall
		remuneration policy appears to be well structured,
		with bonus to the CEO capped at 25 percent of
		salary, and severance terms limited to 24 months
		salary. However, as members of the executive group
		would, in essence, be granted free shares without
		any performance criteria attached other than a lock-
		up period under the LTI proposal, and due certain
		features of the ESPP in which they may participate,
		this item does not warrant approval.
	10	Authorize Repurchase and Reissuance		For	Against		Mgmt
		of Shares up to NOK 15 Million
		Aggregate Par Value for Share Saving
		Scheme for Employees
		Conclusion For share-matching plans without
		performance criteria, the initial investment in shares
		must be made at market price. Because the initial
		shares in the 1:1 share matching program may be
		purchased at a discount, this proposal does not merit
		approval.
	11	Change Company Name to Statoil		For	For		Mgmt
		ASA; Amend Corporate Purpose:
		Include Other Forms of Energy
		Shareholder Proposals
	12	Withdraw Company From Tar Sands		Against	Against		ShrHoldr
		Activities in Canada
		Conclusion Increased disclosure on operations
		in sensitive environmental regions is most often
		warranted, especially in circumstances where there
		has been some controversy over the use of
		resources in the region and if the company
		operations may be materially impacted, which may
		appear to be the case at StatoilHydro. The
		company appears to significantly address the issues
		and risks facing its expansion of its oil sands
		operations in Canada. In light of the shifting price of
		energy resources, pending regulation, increasing
		concerns over scarcity of water, and increased
		potential of environmental degradation as a result of
		oil sands operations, the company appears to be
		taking a proactive approach regarding its
		sustainability reporting. In this case, the
		resolution requests that the company withdraw from
		tar sands operations in Canada. Although, further
		disclosure could be beneficial for the company and
Mgmt Rec - Company Management Recommended Vote								Page 123

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		its shareholders by demonstrating the
		company’s active commitment to mitigate
		financial, reputational, environmental, and regulatory
		risk relating to its current and future tar sands
		operations, the request may be overly burdensome
		and/or costly to produce. It may not be necessarily
		beneficial to shareholders for the company to commit
		to discontinue operating in certain areas, such as the
		Canadian tar sands. Particularly with respect to
		discontinuing such tar sands operations, adopting a
		policy to withdraw could limit the company’s
		ability to take advantage of opportunities that would
		benefit the company and its shareholders. As such, a
		vote against this proposal is warranted.
04/28/09 - A	Strayer Education, Inc.		863236105			03/05/09		27
	*STRA*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Robert S. Silberman ---
		For
	1.2	Elect Director Dr. Charlotte F. Beason -
		-- For
	1.3	Elect Director William E. Brock --- For
	1.4	Elect Director David A. Coulter --- For
	1.5	Elect Director Robert R. Grusky --- For
	1.6	Elect Director Robert L. Johnson ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.7	Elect Director Todd A. Milano ---
		Against
		Comp committee member during period of poor pay
		practices.
	1.8	Elect Director G. Thomas Waite, III ---
		For
	1.9	Elect Director J. David Wargo ---
		Against
		Comp committee member during period of poor pay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
Mgmt Rec - Company Management Recommended Vote								Page 124

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/26/09 - A	SUMITOMO MITSUI		J7771X109			03/31/09		32
	FINANCIAL GROUP INC.
	*8316*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 20 for Ordinary
		Shares
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Authorize Public
		Announcements in Electronic Format -
		Clarify Terms of Alternate Statutory
		Auditors
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Statutory Auditor		For	For		Mgmt
	4.2	Appoint Statutory Auditor		For	For		Mgmt
	4.3	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	4.4	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and the
		strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	5	Appoint Alternate Statutory Auditor		For	For		Mgmt
	6	Approve Retirement Bonus Payment		For	Against		Mgmt
		for Directors and Statutory Auditors
		As the payment of retirement bonuses to
		outsiders is a highly inappropriate practice anywhere,
		not just in Japan, this proposal does not merit
		approval.
05/29/09 - A	Superior Industries		868168105			04/03/09		252
	International, Inc. *SUP*
	1	Elect Directors		For	For		Mgmt
	2	Approve Decrease in Size of Board		For	For		Mgmt
		Changes to 5-9 range From 9 - 15 range and sets at
		8 (current number); reduces expenses and does not
		appear to be motived by entrenchment.
	3	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
Mgmt Rec - Company Management Recommended Vote								Page 125

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/14/09 - A	Sybase, Inc. *SY*		871130100			02/27/09		140
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director John S. Chen --- For
	1.2	Elect Director Richard C. Alberding ---
		Withhold
		Comp committee member responsible for single
		trigger change-in-control contracts with tax gross-
		ups.
	1.3	Elect Director Michael A. Daniels ---
		Withhold
		Comp committee member responsible for single
		trigger change-in-control contracts with tax gross-
		ups.
	1.4	Elect Director Alan B. Salisbury ---
		Withhold
		Comp committee member responsible for single
		trigger change-in-control contracts with tax gross-
		ups.
	1.5	Elect Director Jack E. Sum --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
04/08/09 - A	T. Rowe Price Group, Inc.		74144T108			02/06/09		276
	*TROW*
	1	Elect Directors		For	For		Mgmt
	1.1	Elect Director Edward C. Bernard ---
		For
	1.2	Elect Director James T. Brady --- For
	1.3	Elect Director J. Alfred Broaddus, Jr. ---
		For
	1.4	Elect Director Donald B. Hebb, Jr. ---
		For
	1.5	Elect Director James A.C. Kennedy ---
		For
	1.6	Elect Director Brian C. Rogers --- For
	1.7	Elect Director Alfred Sommer --- For
Mgmt Rec - Company Management Recommended Vote								Page 126

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.8	Elect Director Dwight S. Taylor --- For
	1.9	Elect Director Anne Marie Whittemore -
		-- For
	2	Ratify Auditors		For	For		Mgmt
06/25/09 - A	Takeda Pharmaceutical Co.		J8129E108			03/31/09		166
	Ltd. *4502*
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 92
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates
	3	Elect Directors		For	For		Mgmt
	4.1	Appoint Statutory Auditor		For	Against		Mgmt
		Given the realities of Japanese business and
		the strong loyalties to companies held by those with
		long-standing ties to those companies and their
		affiliates, the nominee for outside statutory auditor
		cannot be expected to fulfill the role of independent
		monitor of the company's activities on behalf of all
		shareholders.
	4.2	Appoint Statutory Auditor		For	For		Mgmt
	5	Approve Annual Bonus Payment to		For	For		Mgmt
		Directors
05/28/09 -	Target Corporation *TGT*		87612E106			03/30/09		255
PC
		Management Proxy (White Card)
	1	Fix Number of Directors at 12		For	None		Mgmt
	2	Elect Director Mary N. Dillon		For	None		Mgmt
	3	Elect Director Richard M. Kovacevich		For	None		Mgmt
	4	Elect Director George W. Tamke		For	None		Mgmt
	5	Elect Director Solomon D. Trujillo		For	None		Mgmt
	6	Ratify Auditors		For	None		Mgmt
	7	Amend Omnibus Stock Plan		For	None		Mgmt
	8	Advisory Vote to Ratify Named		Against	None		ShrHoldr
		Executive Officers' Compensation
		Dissident Proxy (Gold Card)
	1	Fix Number of Directors at 12		Against	For		Mgmt
		Increases likelihood that Jim Donald will be the one
		dissident nominee elected to the board.
	2.1	Elect Director William A. Ackman		For	Withhold		ShrHoldr
	2.2	Elect Director Michael L. Ashner		For	Withhold		ShrHoldr
	2.3	Elect Director James L. Donald		For	For		ShrHoldr
		Per TBCAM analyst: I think he would be a great
Mgmt Rec - Company Management Recommended Vote								Page 127

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		addition due to previous supermarket experience. As
		TGT tries to grow its grocery business from the
		current 15-20% he would be instrumental in
		developing assortments and new distribution
		networks for the additional perishable products.
	2.4	Elect Director Richard W. Vague		For	Withhold		ShrHoldr
	3	Elect Director Ronald J. Gilson		For	Against		ShrHoldr
		WITHHOLD from this nominee cannot be processed
		by Broadridge per Meghan Orifici 5/26/09.
	4	Ratify Auditors		For	For		Mgmt
	5	Amend Omnibus Stock Plan		For	For		Mgmt
	6	Advisory Vote to Ratify Named		Abstain	For		ShrHoldr
		Executive Officers' Compensation
		Non-binding shareholder ratification of executive
		compensation consistently supported by PPC.
05/19/09 - A	Texas Capital Bancshares		88224Q107			03/31/09		241
	Inc *TCBI*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Directors George F. Jones, Jr. ---
		For
	1.2	Elect Directors Peter B. Bartholow ---
		For
	1.3	Elect Directors Joseph M. (Jody) Grant
		--- For
	1.4	Elect Directors Frederick B. Hegi, Jr. ---
		Withhold
		Comp committee member during period of poor pay
		praxtices; NEO change-in-control with tax gross-ups;
		unusually long and complex comp arrangesment for
		former CEO with demontration of benefit to company
		or shareholders.
	1.5	Elect Directors Larry L. Helm --- For
	1.6	Elect Directors James R. Holland, Jr. ---
		For
	1.7	Elect Directors W. W. McAllister III ---
		For
	1.8	Elect Directors Lee Roy Mitchell ---
		Withhold
		Comp committee member during period of poor pay
		praxtices; NEO change-in-control with tax gross-ups;
		unusually long and complex comp arrangesment for
		former CEO with demontration of benefit to company
		or shareholders.
	1.9	Elect Directors Steven P. Rosenberg ---
		Withhold
		Comp committee member during period of poor pay
Mgmt Rec - Company Management Recommended Vote								Page 128

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		praxtices; NEO change-in-control with tax gross-ups;
		unusually long and complex comp arrangesment for
		former CEO with demontration of benefit to company
		or shareholders.
	1.10	Elect Directors Robert W. Stallings ---
		For
	1.11	Elect Directors Ian J. Turpin --- For
	2	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		NEO change-in-control with tax gross-ups; unusually
		long and complex comp arrangesment for former
		CEO with demontration of benefit to company or
		shareholders.
04/14/09 - A	The Bank Of New York		064058100			02/13/09		292
	Mellon Corp. *BK*
	1	Elect Directors		For	For		Mgmt
	2	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
	3	Ratify Auditors		For	For		Mgmt
	4	Provide for Cumulative Voting		Against	For		ShrHoldr
	5	Stock Retention/Holding Period		Against	For		ShrHoldr
04/27/09 - A	The Boeing Co. *BA*		097023105			02/27/09		220
	1	Elect Directors		For	For		Mgmt
	2	Amend Omnibus Stock Plan		For	Against		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Provide for Cumulative Voting		Against	Against		ShrHoldr
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with prior proposals supported by PPC.
	6	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Mgmt responded meaningfully; no evidence of non-
		compliance with current law or that proposal will
		result in improved shareholder returns.
	7	Report on Foreign Military Sales		Against	Against		ShrHoldr
		Mgmt responded meaningfully; no evidence of non-
		compliance with current law or that proposal will
		result in improved shareholder returns.
	8	Require Independent Lead Director		Against	Against		ShrHoldr
		Lead director in place.
	9	Restrict Severance Agreements		Against	Against		ShrHoldr
		(Change-in-Control)
	10	Report on Political Contributions		Against	Against		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 129

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Mgmt responded meaningfully; no evidence of non-
		compliance with current law or that proposal will
		result in improved shareholder returns.
05/14/09 - A	The Charles Schwab Corp.		808513105			03/16/09		292
	*SCHW*
	1	Elect Directors		For	For		Mgmt
	2	Report on Political Contributions		Against	Against		ShrHoldr
		Board member when poison pill was adopted without
		shareholder vote (no qualified offer clause or sunset
		provision).
	3	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
		Management responded meaningfully; no evidence
		that proposal will accomplish appropriate executive
		compensation controls with industory parameters or
		will improce shareholder returns.
	4	Amend Corporate Executive Bonus		Against	Against		ShrHoldr
		Plan
		Management responded meaningfully; no evidence
		that proposal will accomplish appropriate executive
		compensation controls with industory parameters or
		will improce shareholder returns.
04/22/09 - A	The Coca-Cola Company		191216100			02/23/09		645
	*KO*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Herbert A. Allen --- For
	1.2	Elect Director Ronald W. Allen ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.3	Elect Director Cathleen P. Black ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.4	Elect Director Barry Diller --- For
	1.5	Elect Director Alexis M. Herman ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.6	Elect Director Muhtar Kent --- For
Mgmt Rec - Company Management Recommended Vote								Page 130

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.7	Elect Director Donald R. Keough --- For
	1.8	Elect Director Maria Elena Lagomsino -
		-- Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.9	Elect Director Donald F. McHenry ---
		For
	1.10	Elect Director Sam Nunn --- For
	1.11	Elect Director James D. Robinson III ---
		Against
		Comp committee member during period of
		pay/performance disconnect and poor pay practices.
	1.12	Elect Director Peter V. Ueberroth ---
		For
	1.13	Elect Director Jacob Wallenberg ---
		Against
		Sits on 6 public boards.
	1.14	Elect Director James B. Williams --- For
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Same non-binding advisory proposal previously
		supported by PPC.
	4	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	5	Amend Bylaws to Establish a Board		Against	Against		ShrHoldr
		Committee on Human Rights
		Mgmt responded meaningfully; no evidence that
		company is not in compliance with current law or that
		proposal would improve shareholder returns or
		management’s record on covered issues.
	6	Performance-Based Awards		Against	Against		ShrHoldr
		Company already substantially performing as
		proposal requests.
06/02/09 - A	The DirecTV Group, Inc		25459L106			04/03/09		297
	*DTV*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Adopt Principles for Health Care		Against	Against		ShrHoldr
		Reform
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	4	Declassify the Board of Directors		Against	For		ShrHoldr
Mgmt Rec - Company Management Recommended Vote								Page 131

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
05/14/09 - A	The Dow Chemical Company		260543103			03/16/09		319
	*DOW*
	1	Elect Director Arnold A. Allemang		For	For		Mgmt
	2	Elect Director Jacqueline K. Barton		For	For		Mgmt
	3	Elect Director James A. Bell		For	For		Mgmt
	4	Elect Director Jeff M. Fettig		For	For		Mgmt
	5	Elect Director Barbara H. Franklin		For	For		Mgmt
	6	Elect Director John B. Hess		For	For		Mgmt
	7	Elect Director Andrew N. Liveris		For	For		Mgmt
	8	Elect Director Geoffery E. Merszei		For	For		Mgmt
	9	Elect Director Dennis H. Reilley		For	For		Mgmt
	10	Elect Director James M. Ringler		For	Against		Mgmt
		Sits on 6 boards.
	11	Elect Director Ruth G. Shaw		For	For		Mgmt
	12	Elect Director Paul G. Stern		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Restore or Provide for Cumulative		Against	Against		ShrHoldr
		Voting
	15	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholders currentaly have right to call special
		meeting (50%)
	16	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Overly restictive and not the best way to bring about
		appropriate executive compensation controls.
	17	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	18	Report on Environmental Remediation		Against	Against		ShrHoldr
		in Midland Area
		Management responded meaningfully; company
		appears to be dealing with environmental issues with
		the legal, scientific and technical means available;
		ample publis disclosure is avaiable; waters are pretty
		muddy in this evolving area of law and practice.
05/08/09 - A	The Goldman Sachs Group,		38141G104			03/09/09		104
	Inc. *GS*
	1	Elect Director Lloyd C. Blankfein		For	For		Mgmt
	2	Elect Director John H. Bryan		For	For		Mgmt
	3	Elect Director Gary D. Cohn		For	For		Mgmt
	4	Elect Director Claes Dahlback		For	For		Mgmt
	5	Elect Director Stephen Friedman		For	For		Mgmt
	6	Elect Director William W. George		For	For		Mgmt
	7	Elect Director Rajat K. Gupta		For	Against		Mgmt
		Sits on 6 public boards and 12 non-public boards.
Mgmt Rec - Company Management Recommended Vote								Page 132

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	8	Elect Director James A. Johnson		For	For		Mgmt
	9	Elect Director Lois D. Juliber		For	For		Mgmt
	10	Elect Director Lakshmi N. Mittal		For	For		Mgmt
	11	Elect Director James J. Schiro		For	For		Mgmt
	12	Elect Director Ruth J. Simmons		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
	14	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices; Shareholder
		Returns 1 yr% 3 yr% 5 yr%: Company -64.82 -14.40
		-3.01, S&P 500 -36.99 -8.36 -2.19, GICS peers -
		52.27 -20.28 -8.50; CEO Total Comp $53.5 mil
		‘08, $59.8 ‘07, Median Peer $22.6
		‘08.
	15	Provide for Cumulative Voting		Against	Against		ShrHoldr
		Standing policy.
	16	Reduce Supermajority Vote		Against	For		ShrHoldr
		Requirement
		Standing policy.
	17	Amend By-Laws to Establish Board		Against	Against		ShrHoldr
		U.S. Economic Security Committee
		Overreaching, binding shareholder proposal lacking
		in evidence that it will improve shareholder returns or
		is the appropriate vehicle to accomplish proponents
		objectives.
	18	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
04/03/09 - A	The Royal Bank of Scotland G76891111					None		1,142
	Group plc
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Abstain		Mgmt
		Conclusion and Vote Recommendation In
		arriving at their voting decision, shareholders should
		take note of the Company’s remuneration
		practices during the year, including the award of
		significant salary increases, the use of vesting scales
		that rise above the size of the initial award, one-off
		on-appointment awards without performance criteria,
		and the use of actuarial waivers under the
		Company’s pension scheme in line with
		their contractual obligation. It is also noted that
		much of the disgressions in terms of remuneration
Mgmt Rec - Company Management Recommended Vote								Page 133

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		good practice lie in the past with the involved
		directors having stepped down from the Board,
		including the former Chairman of the Remuneration
		Committee. Shareholders should also take into
		account the Company’s remuneration policy
		going forward, which is generally in line with best
		practice guidelines - albeit no doubt in great part due
		to HM Treasury’s influence. There have
		been a number of positive steps made in respect of
		better alignment of the Company’s
		remuneration policy with current good practice,
		including: - No bonus awards for Executive
		Directors for the 2008 financial year; - No basic
		salary increase in 2009; - Annual incentives for
		2009 will be deferred for up to three years with
		potential clawback; - No further payments will be
		made under the Profit Sharing Scheme for 2009
		onwards; - Long-term incentive awards will be
		made at lower levels compared to 2008; - The
		provision for an undiscounted pension on early
		retirement at employer request will not apply to any
		Executive Director appointed in the
		future. However, given the Company’s
		recent performance - resulting in its ultimate need for
		Government funding - shareholders may be reticent
		to approve the Company’s past
		remuneration practices, despite the marked
		improvements made since the UKFI’s
		involvement. As identified above, there also remain
		some on-going elements of remuneration practices
		which may be considered negative and which will
		continued to be monitored closely. Given this
		combination of factors, shareholders are
		recommended to abstain on the approval of the
		remuneration report at this time, although support
		may be appropriate in future years (given current
		information). For those shareholders who have a
		fiduciary responsibility to vote either in favour or
		against and who do not recognise an abstention as
		valid option, we recommend that they approve this
		resolution.
	3	Elect Philip Hampton as Director		For	For		Mgmt
	4	Elect Stephen Hester as Director		For	For		Mgmt
	5	Elect John McFarlane as Director		For	For		Mgmt
	6	Elect Arthur Ryan as Director		For	For		Mgmt
	7	Reappoint Deloitte LLP as Auditors of		For	For		Mgmt
		the Company
	8	Authorise the Audit Committee to Fix		For	For		Mgmt
		Remuneration of Auditors
	9	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital by GBP
Mgmt Rec - Company Management Recommended Vote								Page 134

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		7,500,000,000
	10	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 3,288,000,408 (Rights
		Issue); Otherwise up to GBP
		3,288,000,408
	11	Subject to the Passing of the Preceding		For	For		Mgmt
		Resolution, Authorise Issue of Equity or
		Equity-Linked Securities without Pre-
		emptive Rights up to Aggregate
		Nominal Amount of GBP 493,200,061
	12	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Clear
		Days' Notice
04/03/09 - S	The Royal Bank of Scotland		G76891111			None		1,142
	Group plc
	1	Approve Increase in Authorised		For	For		Mgmt
		Ordinary Share Capital by
		16,909,716,385 New Ordinary Shares
		of 25 Pence Each; Authorise Issue of
		Equity with Pre-emptive Rights up to
		GBP 4,227,429,096.25 (Placing and
		Open Offer)
	2	Approve the Placing and Open Offer;		For	For		Mgmt
		Approve the Preference Share
		Redemption
	3	Amend Articles of Association Re:		For	For		Mgmt
		Preference Share Redemption
	4	Subject to and Conditional Upon the		For	For		Mgmt
		Passing of Resolution 1, Authorise
		Issue of Equity or Equity-Linked
		Securities without Pre-emptive Rights
		up to Aggregate Nominal Amount of
		GBP 4,227,429,096.25 (Placing and
		Open Offer)
05/13/09 - A	The Western Union Company		959802109			03/16/09		228
	*WU*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/20/09 - A	Thermo Fisher Scientific Inc.		883556102			03/27/09		123
	*TMO*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 135

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/03/09 - A	Time Warner Cable Inc.		88732J207			04/08/09		86
	*TWC*
	1	Elect Director Carole Black		For	For		Mgmt
	2	Elect Director Glenn A. Britt		For	For		Mgmt
	3	Elect Director Thomas H. Castro		For	For		Mgmt
	4	Elect Director David C. Chang		For	For		Mgmt
	5	Elect Director James E. Copeland, Jr.		For	For		Mgmt
	6	Elect Director Peter R. Haje		For	For		Mgmt
	7	Elect Director Donna A. James		For	For		Mgmt
	8	Elect Director Don Logan		For	For		Mgmt
	9	Elect Director N.J. Nicholas, Jr.		For	For		Mgmt
	10	Elect Director Wayne H. Pace		For	For		Mgmt
	11	Elect Director Edward D. Shirley		For	For		Mgmt
	12	Elect Director John E. Sununu		For	For		Mgmt
	13	Ratify Auditors		For	For		Mgmt
05/28/09 - A	Time Warner Inc *TWX*		887317303			04/03/09		342
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Herbert M. Allison, Jr. ---
		For
	1.2	Elect Director James L. Barksdale ---
		For
	1.3	Elect Director Jeffrey L. Bewkes --- For
	1.4	Elect Director Stephen F. Bollenbach --
		- For
	1.5	Elect Director Frank J. Caufield ---
		Against
		Comp committee member during period of poor pay
		practices. Excessing perks for retired CEO.
	1.6	Elect Director Robert C. Clark --- For
	1.7	Elect Director Mathias Dopfner ---
		Against
		Comp committee member during period of poor pay
		practices. Excessing perks for retired CEO.
	1.8	Elect Director Jessica P. Einhorn --- For
	1.9	Elect Director Michael A. Miles ---
		Against
		Comp committee member during period of poor pay
		practices. Excessing perks for retired CEO.
	1.10	Elect Director Kenneth J. Novack ---
		For
	1.11	Elect Director Deborah C. Wright ---
		Against
		Comp committee member during period of poor pay
		practices. Excessing perks for retired CEO.
Mgmt Rec - Company Management Recommended Vote								Page 136

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	4	Provide for Cumulative Voting		Against	Against		ShrHoldr
	5	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Shareholder currently have right to call special
		meeting (25%).
	6	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
05/15/09 -	Total SA		F92124100			05/12/09		309
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 2.28 per Share
	4	Approve Special Auditors' Report		For	For		Mgmt
		Presenting Ongoing Related-Party
		Transactions
	5	Approve Transaction with Thierry		For	For		Mgmt
		Desmarest
	6	Approve Transaction with Christophe		For	Against		Mgmt
		de Margerie
		Of the three criteria, only two need be achieved for
		de Margerie to receive the payment proposed under
		this item. The two performance conditions which
		have been met this year, and have been easily
		achieved by de Margerie over each of the last two
		years, are not sufficiently challenging. Because of the
		lack of challenging performance criteria, this item
		does not merit approval.
	7	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	8	Reelect Anne Lauvergeon as Director		For	Against		Mgmt
		For this market, if the proposed board does not
		consist of a majority of independent directors, the
		election or reelection of any non-independent director
		(except the CEO) is not warranted. At Total, if
		all the elections proposed at this general meeting
		were approved, only 47 percent of the board of
		directors would be independent. Therefore, the
		elections of the non-independent directors, Anne
		Lauvergeon, Daniel Bouton, and Michel Pebereau,
		do not merit approval. However, the elections of
		independent directors, Bertrand Collomb and Patrick
Mgmt Rec - Company Management Recommended Vote								Page 137

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Artus, as well as the CEO, Christophe de Margerie,
		warrant support. Michel Pebereau is considered
		an executive of BNP Paribas, as he was entitled to
		receive a salary, a bonus, and share-based plan
		awards in line with highest paid executives of the
		company in fiscal year 2008 (Source: BNP Paribas
		2008 Annual Report, p.237). Moreover, he serves on
		the board of six other listed companies, namely: BNP
		Paribas, Lafarge, Saint Gobain, EADS, Pargesa
		Holding, EADS, and AXA. Hence, as he is an
		executive corporate officer who holds more than
		three directorships in listed companies outside the
		group, Pebreau's reelection does not warrant
		support.
	9	Reelect Daniel Bouton as Director		For	Against		Mgmt
	10	Reelect Bertrand Collomb as Director		For	For		Mgmt
	11	Reelect Christophe de Margerie as		For	For		Mgmt
		Director
	12	Reelect Michel Pebereau as Director		For	Against		Mgmt
	13	Electe Patrick Artus as Director		For	For		Mgmt
		Special Business
	14	Amend Article 12 of Bylaws Re: Age		For	For		Mgmt
		Limit for Chairman
		Shareholder Proposals
	A	Amend Article 19 of Bylaws Re:		Against	Against		ShrHoldr
		Disclosure of Individual Stock Plans
		As this proposal would not provide a higher level of
		disclosure with regard to the grant of stock options
		and free shares to corporate officers, this resolution
		warrants opposition.
	B	Amend Article 11 of Bylaws Re:		Against	Against		ShrHoldr
		Nomination of Employees Shareholders
		Representative to the Board of
		Directors
		RMG Conclusion As this amendment would
		provide a restrictive process to designate candidates
		for the position of employee shareholders board
		representative and because the positive aspects of
		this process could not be clearly determined, this
		proposal warrants opposition.
	C	Approve Restricted Stock Plan to All		Against	Against		ShrHoldr
		Employees
		Given the absence of information on performance
		criteria, this proposal warrants opposition.
06/23/09 - A	Toyota Motor Corp. *7203* J92676113					03/31/09		400
	1	Approve Allocation of Income, with a		For	For		Mgmt
		Final Dividend of JPY 35
Mgmt Rec - Company Management Recommended Vote								Page 138

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	2	Amend Articles To Reflect Digitalization		For	For		Mgmt
		of Share Certificates - Authorize Public
		Announcements in Electronic Format
	3	Elect Directors		For	For		Mgmt
	4	Approve Stock Option Plan		For	For		Mgmt
05/13/09 - A	Tupperware Brands Corp.		899896104			03/16/09		134
	*TUP*
	1	Elect Director Kriss Cloninger III		For	For		Mgmt
	2	Elect Director Joe R. Lee		For	For		Mgmt
	3	Elect Director Bob Marbut		For	For		Mgmt
	4	Elect Director David R. Parker		For	For		Mgmt
	5	Elect Director J. Patrick Spainhour		For	For		Mgmt
	6	Ratify Auditors		For	For		Mgmt
	7	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
06/04/09 - A	TW Telecom, Inc. *TWTC*		87311L104			04/06/09		286
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Gregory J. Attorri --- For
	1.2	Elect Director Spencer B. Hays --- For
	1.3	Elect Director Larissa L. Herda --- For
	1.4	Elect Director Kevin W. Mooney ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO single trigger change-in-control.
	1.5	Elect Director Kirby G. Pickle ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO single trigger change-in-control.
	1.6	Elect Director Roscoe C. Young, II ---
		Withhold
		Comp committee member during period of poor pay
		practices. CEO single trigger change-in-control.
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Adopt Shareholder Rights Plan (Poison		For	For		Mgmt
		Pill)
		NOL pill to preserve carry-over value in $1.1 bil in
		pre-tax losses. The NOLs will begin to expire at
		various times beginning in 2019 and ending in 2026.
		On a comparative level, as of Feb. 28, 2009, the
		company s market capitalization was approximately
		$1.2 billion
	5	Advisory Vote to Ratify Director's and		Against	For		ShrHoldr
		Officer's Compensation
Mgmt Rec - Company Management Recommended Vote								Page 139

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
06/22/09 - A	Tyco Electronics Ltd. *TEL*		G9144P105			04/03/09		178
	1	Elect Directors		For	For		Mgmt
	2	Approve Amended and Restated Tyco		For	For		Mgmt
		Electronics Ltd. 2007 Stock and
		Incentive Plan
	3	Approve Deloitte & Touche LLP as		For	For		Mgmt
		Auditors and Authorize Board to Fix
		Their Remuneration
06/22/09 - S	Tyco Electronics Ltd. *TEL*		G9144P105			04/06/09		178
	1	Change Country of Incorporation from		For	For		Mgmt
		Bermuda to Switzerland
	2	Amend Bye-laws Re: Eliminate Certain		For	For		Mgmt
		Supermajority Vote Requirements
	3	Amend Bye-laws Re: Increase		For	For		Mgmt
		Registered Share Capital
	4	Approve Dividend of USD 0.16 Per		For	For		Mgmt
		Share Through a Reduction in Share
		Capital
	5	Approve Swiss Law as the Authoritative		For	For		Mgmt
		Governing Legislation
	6	Change Company Name to Tyco		For	For		Mgmt
		Electronics Ltd.
	7	Amend Corporate Purpose		For	For		Mgmt
	8	Adopt New Articles of Association		For	For		Mgmt
	9	Approve Schaffhausen, Switzerland as		For	For		Mgmt
		Principal Place of Business
	10	Appoint PricewaterhouseCoopers AG,		For	For		Mgmt
		Zurich as Special Auditor
	11	Ratify Deloitte AG as Auditors		For	For		Mgmt
	12	Approve Additional Provisions to the		For	Against		Mgmt
		Articles of Association Re: Limit the
		Number of Shares that may be
		Registered
	13	Approve Additional Provisions to the		For	Against		Mgmt
		Articles of Association Re:
		Supermajority Vote and Amendment to
		the Provisions in Proposal 12
	14	Adjourn Meeting		For	For		Mgmt
04/21/09 - A	U.S. Bancorp *USB*		902973304			02/23/09		465
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Douglas M. Baker, Jr. ---
		For
	1.2	Elect Director Y. Marc Belton --- For
	1.3	Elect Director Richard K. Davis --- For
	1.4	Elect Director Joel W. Johnson --- For
Mgmt Rec - Company Management Recommended Vote								Page 140

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.5	Elect Director David O'Maley --- For
	1.6	Elect Director O'dell M. Owens --- For
	1.7	Elect Director Craig D. Schnuck --- For
	1.8	Elect Director Patrick T. Stokes ---
		Against
		Comp committee member during period poor pay
		practices.
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		NEO CIC with tax gross-ups.
04/21/09 - A	UMB Financial Corp. *UMBF* 902788108					02/27/09		66
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Declassify the Board of Directors		Against	For		ShrHoldr
04/29/09 -	UniCredit SpA (formerly		T95132105			04/23/09		1,513
A/S	Unicredito Italiano SpA)
		Ordinary Business
	1	Accept Financial Statements,		For	For		Mgmt
		Consolidated Financial Statements,
		and Statutory Reports
		In this case, the company has not yet disclosed a
		draft version of the annual report. Due to the lack of
		disclosure provided by the company, investors
		should consider whether an abstain vote, on Item 1,
		is warranted to register discontent with the company.
		However, fiduciary voting obligations that apply,
		particularly for U.S.-based institutional investors, may
		preclude abstentions and require either a vote in
		support or against a voting resolution. Therefore, this
		resolution warrantsqualified support, as the issue is
		routine and typically unproblematic.
	2	Approve Allocation of Income		For	For		Mgmt
		Elect Directors - Vote Only One of
		the Following Slates
	3.1	Slate 1 - Submitted by Three		None	Do Not Vote		Mgmt
		Foundation
		Each shareholder is allowed to vote one single list of
		candidates. Despite the strong profile of the
		candidates on this list, as slates under Item 3.2 has
		been presented by institutional investors and the
		candidates have a strong independent profile.
		Therefore, this item does not warrant support.
	3.2	Slate 2- Submitted by Institutional		None	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 141

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Investors
	4	Approve Remuneration of Directors and		For	For		Mgmt
		Committees Members
	5	Deliberations Pursuant to Article 2390		For	For		Mgmt
		of Civil Code Re: Decisions Inherent to
		Authorization of Board Members To
		Assume Positions In Competing
		Companies
	6	Approve Remuneration Policy		For	For		Mgmt
	7	Approve Stock Ownership Plan for the		For	For		Mgmt
		Employees of the Company
		Special Business
	1	Authorize Capital Increase with		For	For		Mgmt
		Preemptive Rights, Through the
		Capitalization of Reserves
	2	Amend Articles 5, 8, 23, and 30 of		For	For		Mgmt
		Company's Bylaws
		.
05/14/09 - A	Unilever N.V.		N8981F271			04/23/09		259
		Annual Meeting
	1	Receive Report of Management Board		None	None		Mgmt
		(Non-Voting)
	2	Approve Financial Statements and		For	For		Mgmt
		Allocation of Income
	3	Approve Discharge of Executive		For	For		Mgmt
		Directors
	4	Approve Discharge of Non-Executive		For	For		Mgmt
		Directors
	5	Elect L.A. Lawrence as Executive		For	For		Mgmt
		Director
	6	Elect P.G.J.M. Polman as Executive		For	For		Mgmt
		Director
	7	Reelect L. Brittan of Spennithorne as		For	For		Mgmt
		Non-Executive Director
	8	Reelect W. Dik as Non-Executive		For	For		Mgmt
		Director
	9	Reelect C.E. Golden as Non-Executive		For	For		Mgmt
		Director
	10	Reelect B.E. Grote as Non-Executive		For	For		Mgmt
		Director
	11	Reelect N. Murthy as Non-Executive		For	For		Mgmt
		Director
	12	Reelect H. Nyasulu as Non-Executive		For	For		Mgmt
		Director
	13	Reelect K.J. Storm as Non-Executive		For	For		Mgmt
		Director
	14	Reelect M. Treschow as Non-Executive		For	For		Mgmt
		Director
	15	Reelect J. van der Veer as Non-		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 142

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Executive Director
	16	Elect L.O. Fresco as Non-Executive		For	For		Mgmt
		Director
	17	Elect A.M. Fudge as Non-Executive		For	For		Mgmt
		Director
	18	Elect P. Walsh as Non-Executive		For	For		Mgmt
		Director
	19	Ratify PwC as Auditors		For	For		Mgmt
	20	Grant Board Authority to Issue Shares		For	For		Mgmt
		Up To 10 Percent of Issued Capital
		Plus Additional 10 Percent in Case of
		Takeover/Merger and
		Restricting/Excluding Preemptive
		Rights
	21	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	22	Approve Reduction in Share Capital by		For	For		Mgmt
		Cancellation of Shares
		Voting Item for Holders of Ordinary
		Shares or Depository Receipts
		Irrespective of Class of Shares Held
	23a	Amend Articles Re: Move to Quarterly		For	For		Mgmt
		Dividends
		Voting Item for Holders of Ordinary
		Shares or Depository Receipts Only
	23b	Amend Articles Re: Move to Quarterly		For	For		Mgmt
		Dividends
	24	Allow Questions		None	None		Mgmt
05/13/09 - A	Unilever plc		G92087165			None		190
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	For		Mgmt
	3	Approve Final Dividend of 40.19 Pence		For	For		Mgmt
		Per Ordinary Share
	4	Re-elect James Lawrence as Director		For	For		Mgmt
	5	Re-elect Paul Polman as Director		For	For		Mgmt
	6	Re-elect The Lord Brittan of		For	For		Mgmt
		Spennithorne as Director
	7	Re-elect Wim Dik as Director		For	For		Mgmt
	8	Re-elect Charles Golden as Director		For	For		Mgmt
	9	Re-elect Byron Grote as Director		For	For		Mgmt
	10	Re-elect Narayana Murthy as Director		For	For		Mgmt
	11	Re-elect Hixonia Nyasulu as Director		For	For		Mgmt
	12	Re-elect Kees Storm as Director		For	For		Mgmt
	13	Re-elect Michael Treschow as Director		For	For		Mgmt
	14	Re-elect Jeroen van der Veer as		For	For		Mgmt
		Director
	15	Elect Louise Fresco as Director		For	For		Mgmt
	16	Elect Ann Fudge as Director		For	For		Mgmt
	17	Elect Paul Walsh as Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 143

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	18	Reappoint PricewaterhouseCoopers		For	For		Mgmt
		LLP as Auditors of the Company
	19	Authorise Board to Fix Remuneration of		For	For		Mgmt
		Auditors
	20	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of GBP 13,290,000
	21	Subject to the Passing of the Previous		For	For		Mgmt
		Resolution, Authorise Issue of Equity or
		Equity-Linked Securities without Pre-
		emptive Rights up to Aggregate
		Nominal Amount of GBP 2,000,000
	22	Authorise 131,000,000 Ordinary Shares		For	For		Mgmt
		for Market Purchase
	23	Auth. Company and its Subsidiaries to		For	For		Mgmt
		Make EU Political Donations to Political
		Parties and Independent Election
		Candidates up to GBP 0.1M, to Political
		Org. Other Than Political Parties up to
		GBP 0.1M and to Incur EU Political
		Expenditure up to GBP 0.1M
	24	Approve That a General Meeting Other		For	For		Mgmt
		Than an Annual General Meeting May
		Be Called on Not Less Than 14 Days'
		Clear Notice
	25	Authorise Directors to Agree to Modify		For	For		Mgmt
		the Agreement Dated 28 June, 1946
		(as Amended by Supplemental
		Agreements Dated 20 July, 1951, 21
		December, 1981 and 15 May, 2006)
		with Unilever N.V. of the Netherlands
		known as the Equalisation Agreement
05/13/09 - S	Unilever plc		G92087165			None		190
	1	Amend Unilever plc Equalisation		For	For		Mgmt
		Agreement
06/11/09 - A	Union Drilling, Inc. *UDRL*		90653P105			04/17/09		290
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/14/09 - A	Union Pacific Corp. *UNP*		907818108			03/06/09		147
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		that proposal will accomplish appropriate executive
Mgmt Rec - Company Management Recommended Vote								Page 144

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		compensation controls with industory parameters or
		will improce shareholder returns.
04/29/09 - A	United Community Banks, 90984P105					03/13/09		330
	Inc. *UCBI*
	1	Elect Directors		For	For		Mgmt
	2	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	3	Ratify Auditors		For	For		Mgmt
05/07/09 - A	United Parcel Service, Inc. 911312106					03/09/09		270
	*UPS*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	Against		Mgmt
		Plan's cost of 5.20% exceeds allowable cap of 5.0%.
06/26/09 - A	United Therapeutics Corp. 91307C102					04/30/09		36
	*UTHR*
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Ray Kurzweil --- Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision).
	1.2	Elect Director Martine Rothblatt, Ph.D. -
		-- Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision).
	1.3	Elect Director Louis Sullivan, M.D. ---
		Withhold
		Board member when poison pill adopted without
		shareholder approval (no qualified offer clause or
		sunset provision).
	2	Ratify Auditors		For	For		Mgmt
06/02/09 - A	UnitedHealth Group		91324P102			04/03/09		389
	Incorporated *UNH*
	1	Elect Director William C. Ballard, Jr.		For	For		Mgmt
	2	Elect Director Richard T. Burke		For	For		Mgmt
	3	Elect Director Robert J. Darretta		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 145

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	4	Elect Director Stephen J. Hemsley		For	For		Mgmt
	5	Elect Director Michele J. Hooper		For	For		Mgmt
	6	Elect Director Douglas W. Leatherdale		For	For		Mgmt
	7	Elect Director Glenn M. Renwick		For	For		Mgmt
	8	Elect Director Kenneth I. Shine, M.D.		For	For		Mgmt
	9	Elect Director Gail R. Wilensky, Ph.D.		For	For		Mgmt
	10	Ratify Auditors		For	For		Mgmt
	11	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
06/25/09 - A	Universal Display Corp.		91347P105			04/09/09		331
	*PANL*
	1	Elect Directors		For	For		Mgmt
	2	Approve Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
		All employees can purchase shares at 85% of F.M.V.
	3	Ratify Auditors		For	For		Mgmt
05/28/09 - A	Valhi, Inc. *VHI*		918905100			03/31/09		202
	1	Elect Directors		For	For		Mgmt
04/16/09 - A	ValueClick, Inc. *VCLK*		92046N102			02/17/09		60
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director James R. Zarley ---
		Withhold
		Approved option  exchange (cash tender)that
		included NEOs without shareholder vote.
	1.2	Elect Director David S. Buzby ---
		Withhold
		Approved option  exchange (cash tender)that
		included NEOs without shareholder vote.
	1.3	Elect Director Martin T. Hart ---
		Withhold
		Approved option  exchange (cash tender)that
		included NEOs without shareholder vote.
	1.4	Elect Director Tom A. Vadnais ---
		Withhold
		Approved option  exchange (cash tender)that
		included NEOs without shareholder vote.
	1.5	Elect Director Jeffrey F. Rayport ---
		Withhold
		Approved option  exchange (cash tender)that
		included NEOs without shareholder vote.
	1.6	Elect Director James R. Peters ---
		Withhold
Mgmt Rec - Company Management Recommended Vote								Page 146

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Approved option exchange (cash tender)that
		included NEOs without shareholder vote.
	1.7	Elect Director James A. Crouthamel ---
		Withhold
		Approved option exchange (cash tender)that
		included NEOs without shareholder vote.
05/07/09 - A	Verizon Communications		92343V104			03/09/09		728
	*VZ*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		For	For		Mgmt
		Executive Officers' Compensation
		No evidence of egregious pay/performance
		disconnect or poor pay practices.
	4	Approve Omnibus Stock Plan		For	For		Mgmt
	5	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
	6	Prohibit Executive Stock-Based Awards		Against	Against		ShrHoldr
		Overly restrictive; not the best way to achieve
		reasonable levels of executive compensation within
		market.
	7	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Currently have 25% right to call special meeting.
	8	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
	9	Provide for Cumulative Voting		Against	Against		ShrHoldr
	10	Adopt a Policy in which the Company		Against	Against		ShrHoldr
		will not Make or Promise to Make Any
		Death Benefit Payments to Senior
		Executives
		Overly restrictive; not the best way to achieve
		reasonable levels of executive life insurance benefits.
05/14/09 -	Vinci		F5879X108			05/11/09		78
A/S
		Ordinary Business
	1	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	2	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	3	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.62 per Share
	4	Authorize Payment of Dividends by		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 147

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Shares
	5	Ratify Appointment of Jean-Pierre		For	Against		Mgmt
		Lamoure as Director
		For this market, if the proposed board does not
		consist of a majority of independent directors, the
		election or reelection of any non-independent director
		(except the CEO) is not recommended. At Vinci, if all
		the elections proposed at this general meeting were
		approved, only 47 percent of the board of directors
		would be independent. As Michael Pragnell and
		Francois David are considered as independent, their
		reelections merit support. However, as Jean-Pierre
		Lamoure and Patrick Faure are not considered as
		independent , their reelections warrant shareholders
		opposition.
	6	Reelect Francois David as Director		For	For		Mgmt
	7	Reelect Patrick Faure as Director		For	Against		Mgmt
	8	Elect Michael Pragnell as Director		For	For		Mgmt
	9	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
	10	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Financing of
		Prado Sud Railway Concession
	11	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Financing of
		Stade du Mans Concession
	12	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Financing
		Obtained by Arcour, Contractor of A19
		Highway
	13	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Sale by Vinci to
		Vinci Concession of Its Participation to
		Aegean Motorway SA
	14	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Sale by Vinci to
		Vinci Concession of Its Participation to
		Olympia Odos
	15	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Sale by Vinci to
		Vinci Concession of Its Participation to
		Olympia Odos Operation
	16	Approve Transaction between Vinci et		For	For		Mgmt
		Vinci Concessions Re: Sale by Vinci to
		Vinci Concession of Its Participation to
		Vinci Airports Holding
		Special Business
	17	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	18	Authorize Capitalization of Reserves for		For	For		Mgmt
		Bonus Issue or Increase in Par Value
Mgmt Rec - Company Management Recommended Vote								Page 148

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	19	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 300 Million
	20	Authorize Issuance of Specific		For	For		Mgmt
		Convertible Bonds without Preemptive
		Rights Named OCEANE
	21	Approve Issuance of Convertible Bonds		For	For		Mgmt
		without Preemptive Rights Other than
		OCEANE
	22	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Above
	23	Authorize Capital Increase of up to 10		For	Against		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
		Considering the potential issuance of share capital
		under Items 20 and 21, shareholders are advised to
		oppose this request as it would exceed the			20-
		percent limit set for issuances without preemptive
		rights.
	24	Approve Employee Stock Purchase		For	For		Mgmt
		Plan
	25	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for International Employees
	26	Authorize up to 1.5 Percent of Issued		For	For		Mgmt
		Capital for Use in Stock Option Plan
		Due to a potential dilution of 7.73 percent, which
		exceeds the 5-percent guideline, this proposal
		warrants a vote against.
	27	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
04/30/09 -	Vivendi		F97982106			04/27/09		157
A/S
		Ordinary Business
	1	Approve Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Accept Consolidated Financial		For	For		Mgmt
		Statements and Statutory Reports
	3	Treatment of Losses and Allocation of		For	For		Mgmt
		Dividends of EUR 1.40 per Share
	4	Authorize Payment of Dividends by		For	For		Mgmt
		Shares
	5	Approve Auditors' Special Report		For	For		Mgmt
		Regarding Related-Party Transactions
	6	Approve Transaction with Jean-Bernard		For	For		Mgmt
		Levy Related to Severance Payments
Mgmt Rec - Company Management Recommended Vote								Page 149

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	7	Elect Maureen Chiquet as Supervisory		For	For		Mgmt
		Board Member
	8	Elect Christophe de Margerie as		For	For		Mgmt
		Supervisory Board Member
	9	Authorize Repurchase of Up to 10		For	For		Mgmt
		Percent of Issued Share Capital
		Special Business
	10	Approve Reduction in Share Capital via		For	For		Mgmt
		Cancellation of Repurchased Shares
	11	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities with Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 1.5 Billion
		+Capital increase with preemptive rights: The
		potential capital increase with preemptive rights
		under Item 11, amounts to EUR 1.5 billion, which
		represents 23.4 percent of issued share
		capital. The authorization is acceptable for
		issuances with preemptive rights. + Capital
		increase without preemptive rights: The
		proposed capital increases without preemptive rights
		and without binding priority requested amount to
		EUR 0.8 billion, which represents 12.4 percent of
		issued share capital. The proposal is acceptable for
		general requests to issue capital without preemptive
		rights. As this authority will be capped by Item
		11, the capital increase (up to 10 percent) without
		preemptive rights, under Item 14, is considered to be
		acceptable. + Oversubscription: The amount
		requested would not meet the limit set for issuances
		with preemptive rights under item 11 and would
		represent 15 percent of issuances without
		preemptive rights, i.e. a total of 14.26 percent without
		preemptive rights. As the additional potential
		capital does not exceed the the limit recommended
		by guidelines for general requests to issue capital
		without preemptive rights, the additional potential
		capital increases are acceptable.
	12	Authorize Issuance of Equity or Equity-		For	For		Mgmt
		Linked Securities without Preemptive
		Rights up to Aggregate Nominal
		Amount of EUR 800 Million
	13	Authorize Board to Increase Capital in		For	For		Mgmt
		the Event of Additional Demand
		Related to Delegation Submitted to
		Shareholder Vote Under Items 11 and
		12
	14	Authorize Capital Increase of up to 10		For	For		Mgmt
		Percent of Issued Capital for Future
		Acquisitions
	15	Approve Employee Stock Purchase		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 150

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Plan
		Currently, the company's employees control 1.25
		percent of issued capital in terms of the Vivendi
		share purchase plans. Approval of this plan could
		increase employee participation to approximately
		3.66 percent. The potential dilution falls within
		guidelines for savings-related share purchase plans.
	16	Approve Stock Purchase Plan		For	For		Mgmt
		Reserved for Employees of
		International Subsidiaries
	17	Authorize Capitalization of Reserves of		For	For		Mgmt
		Up to EUR 800 Million for Bonus Issue
		or Increase in Par Value
	18	Authorize Filing of Required		For	For		Mgmt
		Documents/Other Formalities
04/23/09 - A	Volkswagen AG (VW)		D94523145			04/02/09		20
		Meeting for Common and Preferred
		Shareholders; Only Common
		Shareholders Can Vote
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for Fiscal 2008 (Non-
		Voting)
	2	Approve Allocation of Income and		For	For		Mgmt
		Dividends of EUR 1.93 per Common
		Share and EUR 1.99 per Preferred
		Share
	3	Approve Discharge of Management		For	For		Mgmt
		Board for Fiscal 2008
	4	Approve Discharge of Supervisory		For	For		Mgmt
		Board for Fiscal 2008
	5	Elect Philipp Roesler to the Supervisory		For	Against		Mgmt
		Board
		At Volkswagen, only 10 percent of the board			is
		independent. Given this significant lack of
		independence, and the fact that this nominee is non-
		independent, a vote against the election of Philipp
		Roesler is warranted.
	6	Approve Creation of EUR 400 Million		For	For		Mgmt
		Pool of Capital without Preemptive
		Rights
	7	Approve Issuance of Warrants/Bonds		For	For		Mgmt
		with Warrants Attached/Convertible
		Bonds without Preemptive Rights up to
		Aggregate Nominal Amount of EUR 5
		Billion; Approve Creation of EUR 100
		Million Pool of Capital to Guarantee
		Conversion Rights
	8	Authorize Share Repurchase Program		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 151

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		and Reissuance or Cancellation of
		Repurchased Shares
	9	Amend Articles Re: Convocation of		For	For		Mgmt
		General Meeting due to New German
		Legislation (Law on Transposition of
		EU Shareholders' Rights Directive)
	10	Ratify PricewaterhouseCoopers AG as		For	For		Mgmt
		Auditors for Fiscal 2009
05/14/09 - A	Vornado Realty Trust *VNO*		929042109			03/13/09		238
	1	Elect Directors		For	Withhold		Mgmt
	1.1	Elect Director Steven Roth --- Withhold
		Failure to implement majority vote standard for
		director elections (submitted and passed by majority
		shareholders last two years).
	1.2	Elect Director Michael D. Fascitelli ---
		Withhold
		Failure to implement majority vote standard for
		director elections (submitted and passed by majority
		shareholders last two years).
	1.3	Elect Director Russell B. Wight, Jr. ---
		Withhold
		Failure to implement majority vote standard for
		director elections (submitted and passed by majority
		shareholders last two years).
	2	Ratify Auditors		For	For		Mgmt
	3	Require a Majority Vote for the Election		Against	For		ShrHoldr
		of Directors
	4	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director in place.
05/08/09 - A	Vulcan Materials Co. *VMC*		929160109			03/16/09		142
	1	Elect Directors		For	For		Mgmt
	2	Approve Executive Incentive Bonus		For	For		Mgmt
		Plan
		ISS recommeds against because plan			is
		administered by comp commitee with members that
		do not fit ISS definition of independance; no issues
		by PPC standards.
	3	Ratify Auditors		For	For		Mgmt
	4	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Overly restrictive.
Mgmt Rec - Company Management Recommended Vote								Page 152

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
04/08/09 - A	Waddell & Reed Financial,		930059100			02/11/09		141
	Inc. *WDR*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
		Consistent with other proposals supported by PPC.
06/05/09 - A	Wal-Mart Stores, Inc. *WMT*		931142103			04/09/09		992
	1	Elect Director Aida M. Alvarez		For	For		Mgmt
	2	Elect Director James W. Breyer		For	For		Mgmt
	3	Elect Director M. Michele Burns		For	For		Mgmt
	4	Elect Director James I. Cash, Jr.		For	For		Mgmt
	5	Elect Director Roger C. Corbett		For	For		Mgmt
	6	Elect Director Douglas N. Daft		For	For		Mgmt
	7	Elect Director Michael T. Duke		For	For		Mgmt
	8	Elect Director Gregory B. Penner		For	For		Mgmt
	9	Elect Director Allen I. Questrom		For	For		Mgmt
	10	Elect Director H. Lee Scott, Jr.		For	For		Mgmt
	11	Elect Director Arne M. Sorenson		For	For		Mgmt
	12	Elect Director Jim C. Walton		For	For		Mgmt
	13	Elect Director S. Robson Walton		For	For		Mgmt
	14	Elect Director Christopher J. Williams		For	For		Mgmt
	15	Elect Director Linda S. Wolf		For	For		Mgmt
	16	Ratify Auditors		For	For		Mgmt
	17	Amend EEO Policy to Prohibit		Against	Against		ShrHoldr
		Discrimination based on Sexual
		Orientation and Gender Identity
		Management responded meaningfully; no evidenmce
		proposal will result in improved shareholder returns.
		Two gender discrimination cases are in the courts;
		however, there is no ruling yet and no evidence that
		proposal would prevent any future legal actions.
	18	Pay For Superior Performance		Against	Against		ShrHoldr
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
	19	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
	20	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compliance with current law or that proposal
		will result in improved shareholder returns.
	21	Amend Articles/Bylaws/Charter -- Call		Against	Against		ShrHoldr
		Special Meetings
		Currently, shareholders have right to act by written
Mgmt Rec - Company Management Recommended Vote								Page 153

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		consent.
	22	Stock Retention/Holding Period		Against	Against		ShrHoldr
		Management responded meaningfully; not
		appropriate method to establish comprehensive
		controls over executive pay programs; no evidence
		proposal will improve shareholder returns.
04/23/09 - A	Walter Energy Inc. *WLT*		93317Q105			03/02/09		96
	1	Elect Directors		For	For		Mgmt
	2	Change Company Name		For	For		Mgmt
	3	Authorize New Class of Preferred Stock		For	For		Mgmt
		Declawed (will not be used for anti-takeover without
		shareholder vote).
	4	Approve Shareholder Rights Plan		For	For		Mgmt
		(Poison Pill)
		20% trigger, redemption rights, qulaified offer clause,
		sunset provision, no dead/slow hand, good corporate
		governance.
	5	Amend Omnibus Stock Plan		For	For		Mgmt
04/28/09 - A	Wells Fargo and Company		949746101			02/27/09		732
	*WFC*
	1	Elect Director John D. Baker II		For	For		Mgmt
	2	Elect Director John S. Chen		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	3	Elect Director Lloyd H. Dean		For	For		Mgmt
	4	Elect Director Susan E. Engel		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	5	Elect Director Enrique Hernandez, Jr.		For	For		Mgmt
	6	Elect Director Donald M. James		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	7	Elect Director Robert L. Joss		For	For		Mgmt
	8	Elect Director Richard M. Kovacevich		For	For		Mgmt
	9	Elect Director Richard D. McCormick		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	10	Elect Director Mackey J. McDonald		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	11	Elect Director Cynthia H. Milligan		For	For		Mgmt
	12	Elect Director Nicholas G. Moore		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 154

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	13	Elect Director Philip J. Quigley		For	For		Mgmt
	14	Elect Director Donald B. Rice		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	15	Elect Director Judith M. Runstad		For	For		Mgmt
	16	Elect Director Stephen W. Sanger		For	Against		Mgmt
		Comp committee member during period of poor pay
		practices.
	17	Elect Director Robert K. Steel		For	For		Mgmt
	18	Elect Director John G. Stumpf		For	For		Mgmt
	19	Elect Director Susan G. Swenson		For	For		Mgmt
	20	Advisory Vote to Ratify Named		For	Against		Mgmt
		Executive Officers' Compensation
		Modified single-trigger change-in-control.
	21	Ratify Auditors		For	For		Mgmt
	22	Amend Omnibus Stock Plan		For	Against		Mgmt
	23	Require Independent Board Chairman		Against	Against		ShrHoldr
		Lead director already in place.
	24	Report on Political Contributions		Against	Against		ShrHoldr
		Management responded meaningfully; no evidence
		of non-compiance with current law or that proposal
		will result in improved shareholder returns.
04/23/09 - A	Westamerica Bancorporation 957090103					02/23/09		53
	*WABC*
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Etta Allen --- For
	1.2	Elect Director Louis E. Bartolini --- For
	1.3	Elect Director E. Joseph Bowler --- For
	1.4	Elect Director Arthur C. Latno, Jr. ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.5	Elect Director Patrick D. Lynch ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.6	Elect Director Catherine Cope
		MacMillan --- For
	1.7	Elect Director Ronald A. Nelson ---
		Withhold
		Comp committee member during period of poor pay
		practices.
	1.8	Elect Director David L. Payne --- For
Mgmt Rec - Company Management Recommended Vote								Page 155

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	1.9	Elect Director Edward B. Sylvester ---
		For
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Advisory Vote on Executive		For	Against		Mgmt
		Compensation
		Poor pay practices.
05/21/09 - A	Westar Energy, Inc. *WR*		95709T100			03/23/09		229
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 2.27% is within allowable cap of
		5.00%.
05/13/09 - A	Westinghouse Air Brake		929740108			03/18/09		88
	Technologies Corp *WAB*
	1	Elect Directors		For	For		Mgmt
04/16/09 - A	Weyerhaeuser Co. *WY*		962166104			02/20/09		283
	1	Elect Directors		For	For		Mgmt
	2	Require Independent Board Chairman		Against	For		ShrHoldr
		No lead dirctor.
	3	Reduce Supermajority Vote		Against	For		ShrHoldr
		Requirement
	4	Ratify Auditors		For	For		Mgmt
05/05/09 - A	Whiting Petroleum Corp.		966387102			03/13/09		86
	*WLL*
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/01/09 - A	Woodside Petroleum Ltd.		980228100			04/29/09		94
	*WPL*
	1	Receive Financial Statements and		None	None		Mgmt
		Statutory Reports for the Financial Year
		Ended Dec. 31, 2008
	2(a)	Elect Michael Alfred Chaney as a		For	For		Mgmt
		Director
	2(b)	Elect Erich Fraunschiel as a Director		For	For		Mgmt
	2(c)	Elect Pierre Jean-Marie Henri Jungels		For	For		Mgmt
		as a Director
	2(d)	Elect David Ian McEvoy as a Director		For	For		Mgmt
	2(e)	Elect Melinda Ann Cilento as a Director		For	For		Mgmt
	2(f)	Elect Ian Robertson as a Director		For	For		Mgmt
Mgmt Rec - Company Management Recommended Vote								Page 156

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
	3	Approve Remuneration Report for the		For	For		Mgmt
		Financial Year Ended Dec. 31, 2008
05/21/09 - A	Xerox Corporation *XRX*		984121103			03/23/09		1,252
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
05/05/09 - A	Xstrata plc		G9826T102			None		99
	1	Accept Financial Statements and		For	For		Mgmt
		Statutory Reports
	2	Approve Remuneration Report		For	Against		Mgmt
		Vote Recommendation Xstrata's general
		remuneration policy has not changed materially over
		the previous year and shareholders comfortable with
		the Company's broad approach may decide that the
		remuneration report is worthy of continued
		support. However, there is a case for a different
		approach for 2009 taking into account concern over
		the following issues, some relating to existing
		arrangements no longer meeting current good
		practice and others due to specific non-routine
		actions taken in 2008: - The 50% level of
		threshold vesting for median comparative TSR
		performance in the LTIP is not in line with good UK
		practice. This was raised as a concern prior to the
		2008 AGM. Although it is recognised that the LTIP is
		not a new plan, the Company is encouraged to take
		the opportunity over the coming year to amend the
		TSR performance condition. Furthermore, the plan
		should also be changed to ensure that performance
		conditions apply in the event of a change of
		control. - The service contracts for the executive
		directors include the potential for payments on
		termination well in excess of one year's salary when
		pension and bonus entitlements are taken into
		account. Guidance issued by the NAPF and the ABI
		in 2008 indicates a preference for severance
		payments arising from poor corporate performance to
		not extend beyond basic salary. - The Company
		has significantly increased pension contributions for
		the CEO and CFO for 2008. The Company's
		explanation for these increases links them to revised
		estimates of the amounts required to provide the
		targeted benefits under the scheme, based on
		actuarial assumptions. While this is understandable,
		the assumptions are not disclosed to shareholders
		and therefore it is difficult to make an external
		judgement on the appropriateness of such large
		increases. - The Company has made significant
Mgmt Rec - Company Management Recommended Vote								Page 157

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		retention awards to two executive directors during
		2008. These awards comprise non-performance
		linked cash bonuses (payable in May 2009) and
		enhancements to normal LTIP grants. In general, the
		view of institutional shareholders is that retention
		payments are rarely justified. An obvious question is
		why such awards are considered necessary in the
		context of a remuneration policy which can provide
		substantial rewards in the event of outperformance.
		A particular concern in this case is that two methods
		of encouraging retention have been chosen, one of
		which is not tied to performance. In any event, it is
		not good practice for a company to have made
		significant awards of this nature without adequate
		disclosure and transparency. In light of these
		issues, shareholders are advised to vote against the
		remuneration report. The Company's performance
		during 2008 and the decision to seek additional funds
		from shareholders in the recent rights issue has been
		taken into account when making this
		recommendation.
	3	Re-elect Ivan Glasenberg as Director		For	For		Mgmt
		Vote Recommendation In line with normal policy
		guidelines, shareholders are recommended to vote
		FOR this candidate. This is with an expectation that
		the Board reconstitutes the Nominations Committee
		in line with the Combined Code. The
		controversial nature of the deal with Glencore earlier
		in the year is recognised but a vote against this
		Glencore nominee is not felt to be appropriate at this
		time. The deal was worthy of support given Xstrata's
		financial situation, the overall positive impact of the
		proposals and the limitations posed by the
		Company's ownership structure. However, the
		controversial circumstances surrounding the
		transaction and Xstrata's relationship with Glencore
		are being highlighted via a CONTENTIOUS FOR
		recommendation. [Vote Recommendation:
		CONTENTIOUS FOR]
	4	Re-elect Trevor Reid as Director		For	For		Mgmt
	5	Re-elect Santiago Zaldumbide as		For	For		Mgmt
		Director
	6	Elect Peter Hooley as Director		For	For		Mgmt
	7	Reappoint Ernst & Young LLP as		For	For		Mgmt
		Auditors and Authorise Board to Fix
		Their Remuneration
	8	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities with Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 488,835,270 in
		Connection with an Offer by Way of
Mgmt Rec - Company Management Recommended Vote								Page 158

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Rights Issue; Otherwise up to USD
		488,835,270
	9	Authorise Issue of Equity or Equity-		For	For		Mgmt
		Linked Securities without Pre-emptive
		Rights up to Aggregate Nominal
		Amount of USD 73,325,290.50
06/25/09 - A	Yahoo!, Inc. *YHOO*		984332106			04/27/09		376
	1	Elect Directors		For	Split		Mgmt
	1.1	Elect Director Carol Bartz --- For
	1.2	Elect Director Frank J. Biondi, Jr. ---
		For
	1.3	Elect Director Roy J. Bostock --- For
	1.4	Elect Director Ronald W. Burkle --- For
	1.5	Elect Director John H. Chapple --- For
	1.6	Elect Director Eric Hippeau --- For
	1.7	Elect Director Carl C. Icahn --- Against
		Sits on 8 boards; no mitigating circumstances
		disclosed.
	1.8	Elect Director Vyomesh Joshi --- For
	1.9	Elect Director Arthur H. Kern --- For
	1.10	Elect Director Mary Agnes Wilderotter -
		-- For
	1.11	Elect Director Gary L. Wilson --- For
	1.12	Elect Director Jerry Yang --- For
	2	Amend Omnibus Stock Plan		For	For		Mgmt
	3	Amend Qualified Employee Stock		For	For		Mgmt
		Purchase Plan
	4	Ratify Auditors		For	For		Mgmt
	5	Advisory Vote to Ratify Named		Against	For		ShrHoldr
		Executive Officers' Compensation
05/04/09 - A	Zimmer Holdings Inc *ZMH*		98956P102			03/05/09		85
	1	Elect Director Betsy J. Bernard		For	For		Mgmt
	2	Elect Director Marc N. Casper		For	For		Mgmt
	3	Elect Director David C. Dvorak		For	For		Mgmt
	4	Elect Director Robert A. Hagemann		For	For		Mgmt
	5	Elect Director Arthur J. Higgins		For	For		Mgmt
	6	Elect Director Cecil B. Pickett		For	For		Mgmt
	7	Elect Director Augustus A. White, III		For	For		Mgmt
	8	Ratify Auditors		For	For		Mgmt
	9	Approve Omnibus Stock Plan		For	For		Mgmt
		Plan's cost of 6.65% is within allowable cap of
		7.26%.
	10	Amend Non-Employee Director		For	For		Mgmt
		Omnibus Stock Plan
Mgmt Rec - Company Management Recommended Vote								Page 159

Vote Summary Report
Apr 01, 2009 - Jun 30, 2009
TDAX Independence In-Target ETF Composite
Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted
		Plan's cost of 5.39% is within allowable cap of
		7.26%.
	11	Amend Deferred Compensation Plan		For	For		Mgmt
		Plan's cost of 5.32% is within allowable cap of
		7.26%.
Mgmt Rec - Company Management Recommended Vote								Page 160

SIGNATURES

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

(Registrant)         TDX Independence Funds, Inc.

By:	/s/ James J. McCluskey
Name:	James J. McCluskey
Title:	Treasurer, Chief Financial Officer and Controller
Date:	August 25, 2009