UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________

FORM N-PX

________

ANNUAL REPORT OF PROXY VOTING RECORD OF

REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act File Number:  811-22920

The Advisors’ Inner Circle Fund III

(Exact name of registrant as specified in charter)

________

101 Federal Street

Boston, Massachusetts 02110

 (Address of principal executive offices)

________

Michael Beattie, President

The Advisors’ Inner Circle Fund III

c/o SEI Investments

One Freedom Valley Drive

Oaks, PA 19456

(Name and address of agent for service)

________

Registrant’s telephone number, including area code: 1-877-446-3863

Date of Fiscal Year End: December 31

Date of Reporting Period: July 1, 2021 to June 30, 2022

________

Item 1. Proxy Voting Record.

Attached are the proxy voting records for the following funds, each of which

is a series of The Advisors’ Inner Circle Fund III:

ARGA Emerging Markets Value Fund

ARGA International Value Fund

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

ABSA GROUP LIMITED

Security ID: BFX05H3

Ticker: ABG

Meeting Date: 03-Jun-22

O.1.1	Appointment of Joint Auditor (KPMG)	Management	For	Voted - For
O.2.1	Appointment of Joint Auditor (PwC)	Management	For	Voted - For
O.3.1	Re-elect Rose Keanly	Management	For	Voted - For
O.3.2	Re-elect Swithin Munyantwali	Management	For	Voted - For
O.3.3	Re-elect Ihron Rensburg	Management	For	Voted - For
O.3.4	Re-elect Fulvio Tonelli	Management	For	Voted - For
O.3.5	Re-elect René van Wyk	Management	For	Voted - Against
O.4.1	Elect John Cummins	Management	For	Voted - For
O.4.2	Elect Sello Moloko	Management	For	Voted - For
O.4.3	Elect Arrie Rautenbach	Management	For	Voted - For
O.5.1	Elect Audit and Compliance Committee Member (Alex Darko)	Management	For	Voted - For
O.5.2	Elect Audit and Compliance Committee Member (Daisy Naidoo)	Management	For	Voted - For
O.5.3	Elect Audit and Compliance Committee Member (Tasneem Abdool-Samad)	Management	For	Voted - For
O.5.4	Elect Audit and Compliance Committee Member (Swithin Munyantwali)	Management	For	Voted - For
O.5.5	Elect Audit and Compliance Committee Member (René van Wyk)	Management	For	Voted - Against
O.6	General Authority to Issue Shares	Management	For	Voted - For
NB.1	Approve Remuneration Policy	Management	For	Voted - For
NB.2	Approve Remuneration Implementation Report	Management	For	Voted - For
S.1	Approve NEDs' Fees	Management	For	Voted - For
S.2	Authority to Repurchase Shares	Management	For	Voted - For
S.3	Approve Financial Assistance	Management	For	Voted - For

ALIBABA GROUP HOLDING LTD

Security ID: BK6YZP5

Ticker: 9988

Meeting Date: 17-Sep-21

1.1	Elect Joseph TSAI Chung	Management	For	Voted - Against
1.2	Elect J. Michael Evans	Management	For	Voted - For
1.3	Elect Börje E. Ekholm	Management	For	Voted - Against
2.	Appointment of Auditor	Management	For	Voted - For
1.1	Elect Joseph TSAI Chung	Management	For	Voted - Against
1.2	Elect J. Michael Evans	Management	For	Voted - For
1.3	Elect Börje E. Ekholm	Management	For	Voted - Against
2	Appointment of Auditor	Management	For	Voted - For

1

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

BAIDU INC

Security ID: B0FXT17

Ticker: BIDU

Meeting Date: 07-Dec-21

1.	Adoption of the Company’s Dual Foreign Name	Management	For	Voted - For
2.	Amendment to the Company's Articles of Association	Management	For	Voted - For
3.	Approval of Filings of Company's Dual Foreign Name and Articles of Association	Management	For	Voted - For

BANCO BRADESCO S.A.

Security ID: B00FM86

Ticker: BBDC3

Meeting Date: 10-Mar-22

	EGM
1	Cancellation of Shares	Management	For	Voted - For
2	Capitalization of Reserves for Bonus Share Issuance	Management	For	Voted - For
3	Amendments to Articles 7 and 24 (Cumulation of Roles and Shareholders' Meetings)	Management	For	Voted - For
4	Amendments to Article 9 (Board Competencies)	Management	For	Voted - For
5	Amendments to Article 22 (Remuneration Committee)	Management	For	Voted - For
6	Amendments to Article 29 (Indemnity Agreements)	Management	For	Voted - For
7	Additional Value Generation Program	Management	For	Voted - For
	AGM
1	Accounts and Reports	Management	For	Voted - For
2	Allocation of Profits/Dividends	Management	For	Voted - For
3	Board Size	Management	For	Voted - For
4	Request Cumulative Voting	Management	Undetermined	Voted - Against
5.1	Elect Luiz Carlos Trabuco Cappi	Management	For	Voted - For
5.2	Elect Carlos Alberto Rodrigues Guilherme	Management	For	Voted - Against
5.3	Elect Denise Aguiar Alvarez Valente	Management	For	Voted - For
5.4	Elect Milton Matsumoto	Management	For	Voted - Against
5.5	Elect Alexandre da Silva Glüher	Management	For	Voted - Against
5.6	Elect Maurício Machado de Minas	Management	For	Voted - For
5.7	Elect Rubens Aguiar Alvarez	Management	For	Voted - For
5.8	Elect Samuel Monteiro dos Santos Junior	Management	For	Voted - For
5.9	Elect Walter Luis Bernardes Albertoni	Management	For	Voted - For
5.10	Elect Paulo Roberto Simões da Cunha	Management	For	Voted - For
5.11	Elect Denise Pauli Pavarina	Management	For	Voted - For
6	Proportional Allocation of Cumulative Votes	Management	Undetermined	Voted - Abstain
7.1	Allocate Cumulative Votes to Luiz Carlos Trabuco Cappi	Management	Undetermined	Voted - Abstain
7.2	Allocate Cumulative Votes to Carlos Alberto Rodrigues Guilherme	Management	Undetermined	Voted - Abstain
7.3	Allocate Cumulative Votes to Denise Aguiar Alvarez Valente	Management	Undetermined	Voted - Abstain
7.4	Allocate Cumulative Votes to Milton Matsumoto	Management	Undetermined	Voted - Abstain
7.5	Allocate Cumulative Votes to Alexandre da Silva Glüher	Management	Undetermined	Voted - Abstain

2

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

7.6	Allocate Cumulative Votes to Maurício Machado de Minas	Management	Undetermined	Voted - Abstain
7.7	Allocate Cumulative Votes to Rubens Aguiar Alvarez	Management	Undetermined	Voted - Abstain
7.8	Allocate Cumulative Votes to Samuel Monteiro dos Santos Junior	Management	Undetermined	Voted - For
7.9	Allocate Cumulative Votes to Walter Luis Bernardes Albertoni	Management	Undetermined	Voted - For
7.10	Allocate Cumulative Votes to Paulo Roberto Simões da Cunha	Management	Undetermined	Voted - For
7.11	Allocate Cumulative Votes to Denise Pauli Pavarina	Management	Undetermined	Voted - Abstain
8	Election of Supervisory Council	Management	For	Voted - Abstain
9	Approve Recasting of Votes for Amended Supervisory Council Slate	Management	Undetermined	Voted - Against
10	Elect Ivanyra Maura de Medeiros Correa to the Supervisory Council Presented by Minority Shareholders	Management	Undetermined	Voted - For
12	Remuneration Policy	Management	For	Voted - Against
13	Supervisory Council Fees	Management	For	Voted - For

BANCO DO BRASIL S.A.

Security ID: 2328595

Ticker: BBAS3

Meeting Date: 30-Sep-21

1	Ratify Co-Option and Elect Ariosto Antunes Culau	Management	For	Voted - For
2	Proportional Allocation of Cumulative Votes	Management	Undetermined	Voted - For
3	Allocate Cumulative Votes to Ariosto Antunes Culau	Management	Undetermined	Voted - Abstain
4	Amendments to Article 2 (Corporate Purpose)	Management	For	Voted - For
5	Amendments to Articles (Board of Directors)	Management	For	Voted - For
6	Amendments to Articles (Management Board)	Management	For	Voted - For
7	Amendments to Article 33 (Audit Committee)	Management	For	Voted - For
8	Amendments to Article 34 (Nomination and Remuneration Committee)	Management	For	Voted - For
9	Amendments to Article 35 (Risk and Capital Committee)	Management	For	Voted - For
10	Amendments to Article 36 (Technology and Innovation Committee)	Management	For	Voted - For
11	Amendments to Article 37 (Corporate Sustainability Committee)	Management	For	Voted - For
12	Amendments to Article 38 (Ombudsman)	Management	For	Voted - For
13	Amendments to Article 40 (Supervisory Council)	Management	For	Voted - For
14	Ratify Updated Global Remuneration Amount (FY2021)	Management	For	Voted - For
15	Ratify Board of Directors Remuneration Amount (FY2021)	Management	For	Voted - For
16	Ratify Supervisory Council Remuneration Amount (FY2021)	Management	For	Voted - For
17	Ratify Audit Committee Fees	Management	For	Voted - For
18	Ratify Risk and Capital Committee Fees	Management	For	Voted - For
19	Set Corporate Sustainability Committee Fees	Management	For	Voted - For

3

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

Meeting Date: 12-Nov-21

1	Amendments to Article 2 (Corporate Purpose)	Management	For	Voted - For
2	Amendments to Articles (Board of Directors)	Management	For	Voted - For
3	Amendments to Articles (Management Board)	Management	For	Voted - For
4	Amendments to Article 33 (Audit Committee)	Management	For	Voted - For
5	Amendments to Article 34 (Nomination and Remuneration Committee)	Management	For	Voted - For
6	Amendments to Article 35 (Risk and Capital Committee)	Management	For	Voted - For
7	Amendments to Article 36 (Technology and Innovation Committee)	Management	For	Voted - For
8	Amendments to Article 37 (Corporate Sustainability Committee)	Management	For	Voted - For
9	Amendments to Article 38 (Ombudsman)	Management	For	Voted - For
10	Amendments to Article 40 (Supervisory Council)	Management	For	Voted - For
11	Ratify Risk and Capital Committee's Fees	Management	For	Voted - For
12	Set Corporate Sustainability Committee Fees	Management	For	Voted - For

Meeting Date: 27-Apr-22

1	Elect Renato da Mota Andrade Neto as Supervisory Council  Member	Management	For	Voted - For
2	Accounts and Reports	Management	For	Voted - For
3	Allocation of Profits/Dividends	Management	For	Voted - For
4	Remuneration Policy	Management	For	Voted - For
5	Supervisory Council Fees	Management	For	Voted - For
6	Audit Committee Fees	Management	For	Voted - For
7	Risk and Capital Committee Fees	Management	For	Voted - For
8	Instructions if Meeting is Held on Second Call	Management	Undetermined	Voted - Against
1	Amendments to Article 1 (Company Name)	Management	For	Voted - For
2	Amendments to Article 2 (Corporate Purpose)	Management	For	Voted - For
3	Amendments to Article 7 (Share Capital)	Management	For	Voted - For
4	Amendments to Articles 9 and 10 (Shareholders' Meetings)	Management	For	Voted - For
5	Amendments to Articles (Company Management and Organization)	Management	For	Voted - For
6	Amendments to Articles (Supervisory Council)	Management	For	Voted - For
7	Amendments to Articles 46 and 48 (Financial Statements and Dividends)	Management	For	Voted - For
8	Amendments to Article 51 (Market Relationships)	Management	For	Voted - For
9	Amendments to Articles (Special Provisions)	Management	For	Voted - For
10	Amendments to Articles (Controlling Shareholder Obligations)	Management	For	Voted - For
11	Amendments to Article 64 (Transitional Provisions)	Management	For	Voted - For
12	Instructions if Meeting is Held on Second Call	Management	Undetermined	Voted - For

Meeting Date: 29-Jun-22

1.1 Elect Renato da Motta Andrade Neto as Supervisory Council Member Management For Voted - For

4

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

1.2	Elect Lincoln Moreira Jorge as Alternative Supervisory Council Member	Management	For	Voted - For
2	Ratify Updated Global Remuneration Amount	Management	For	Voted - For
3	Amendments to Articles (Committees)	Management	For	Voted - For
4	Human Resources Committee Fees; Tecnology and Innovation Committee Fees; Corporate Sustainability Committee Fees	Management	For	Voted - For
5	Instructions if Meeting is Held on Second Call	Management	Undetermined	Voted - Against

BANGKOK BANK PUBLIC COMPANY LIMITED

Security ID: 6368360

Ticker: BBL

Meeting Date: 12-Apr-22

1	Results of Operations	Management	For	Voted - For
2	Accounts and Reports	Management	For	Voted - For
3	Allocation of Profits/Dividends	Management	For	Voted - For
4.A	Elect Piti Sithi-Amnuai	Management	For	Voted - Against
4.B	Elect Arun Chirachavala	Management	For	Voted - For
4.C	Elect Phornthep Phornprapha	Management	For	Voted - Against
4.D	Elect Amorn Chandarasomboon	Management	For	Voted - Against
4.E	Elect Singh Tangtatswas	Management	For	Voted - Against
4.F	Elect Boonsong Bunyasaranand	Management	For	Voted - Against
5.A	Elect TOH Chong	Management	For	Voted - Against
5.B	Elect Kobsak Pootrakool	Management	For	Voted - Against
5.C	Elect Sarana Boonbaichaiyapruck	Management	For	Voted - For
6	Directors' Fees	Management	For	Voted - For
7	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - For
8	Transaction of Other Business	Management	For	Voted - Against

BANK OF CHINA LTD.

Security ID: BP3R239

Ticker: 601988

Meeting Date: 30-Jun-22

1	Directors' Report	Management	For	Voted - For
2	Supervisors' Report	Management	For	Voted - For
3	Accounts and Reports	Management	For	Voted - For
4	Allocation of Profits/Dividends	Management	For	Voted - For
5	2022 Annual Budget for Fixed Assets Investment	Management	For	Voted - For
6	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - For
7	Elect Martin LIAO Cheung Kong	Management	For	Voted - For
8	Elect CHEN Chunhua	Management	For	Voted - For
9	Elect Jose CHUI Sai Peng	Management	For	Voted - For
10	Elect CHU Yiyun as Supervisor	Management	For	Voted - For
11	Additional Donation to the Tan Kah Kee Science Award Foundation	Management	For	Voted - For
12	2021 REMUNERATION DISTRIBUTION PLAN FOR EXTERNAL SUPERVISORS	Management	For	Voted - For
13	Non-capital Bond Issuance Plan	Management	For	Voted - For

5

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

14	Issuance of Write-down Undated Capital Bonds	Management	For	Voted - For
15	Issuance of Qualified Write-down Tier 2 Capital Instruments	Management	For	Voted - For
16	Amendments to Articles	Management	For	Voted - Against
17	Elect ZHANG Jiangang	Management	For	Voted - Against

CATCHER TECHNOLOGY CO., LTD

Security ID: 6186669

Ticker: 2474

Meeting Date: 27-May-22

1	2021 Accounts and Reports	Management	For	Voted - For
2	Allocation of Profits/Dividends	Management	For	Voted - Against
3	Authority to Issue Shares or GDRs	Management	For	Voted - Against
4	Amendments to Articles	Management	For	Voted - For
5	Amendments to Procedural Rules for Shareholder Meetings	Management	For	Voted - For
6	Amendments to Procedural Rules for Acquisition and Disposal of Assets	Management	For	Voted - For
7.1	Elect HUNG Shui-Shu	Management	For	Voted - Against
7.2	Elect HUNG Tien-Szu	Management	For	Voted - Against
7.3	Elect HUNG Shui Sung	Management	For	Voted - Against
7.4	Elect LEI Meng Huan	Management	For	Voted - Against
7.5	Elect TSENG Wen-Che	Management	For	Voted - Against
7.6	Elect LIANG Tsorng Juu	Management	For	Voted - Against
7.7	Elect CHENG Ming-Yang	Management	For	Voted - Against
8	Non-compete Restrictions for Directors	Management	For	Voted - For

CHINA MERCHANTS PORT HOLDINGS COMPANY LTD

Security ID: 6416139

Ticker: 144

Meeting Date: 02-Jun-22

1	Accounts and Reports	Management	For	Voted - For
2	Allocation of Profits/Dividends	Management	For	Voted - For
3.A.A	Elect DENG Renjie	Management	For	Voted - For
3.A.B	Elect WANG Xiufeng	Management	For	Voted - Against
3.A.C	Elect DENG Weidong	Management	For	Voted - For
3.A.D	Elect YIM Kong	Management	For	Voted - For
3.A.E	Elect KUT Ying Hay	Management	For	Voted - Against
3.A.F	Elect Peter LEE Yip Wah	Management	For	Voted - Against
3.A.G	Elect Francis BONG Shu Ying	Management	For	Voted - Against
3.B	Directors' Fees	Management	For	Voted - For
4	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - For
5.A	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - Against
5.B	Authority to Repurchase Shares	Management	For	Voted - For
5.C	Authority to Issue Repurchased Shares	Management	For	Voted - Against

6

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

CHINA OVERSEAS LAND & INVESTMENT LTD.

Security ID: 6192150

Ticker: 688

Meeting Date: 21-Jun-22

1	Accounts and Reports	Management	For	Voted - For
2	Allocation of Profits/Dividends	Management	For	Voted - For
3.A	Elect GUO Guanghui	Management	For	Voted - For
3.B	Elect ZHUANG Yong	Management	For	Voted - For
3.C	Elect ZHAO Wenhai	Management	For	Voted - Against
3.D	Elect Brian David LI Man Bun	Management	For	Voted - Against
4	Directors' Fees	Management	For	Voted - For
5	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - For
6	Authority to Repurchase Shares	Management	For	Voted - For
7	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - Against
8	Authority to Issue Repurchased Shares	Management	For	Voted - Against
9	Approval of the Renewal Master Engagement Agreement	Management	For	Voted - For

CHINA RESOURCES POWER HLDGS CO

Security ID: 6711566

Ticker: 836

Meeting Date: 07-Jun-22

1	Accounts and Reports	Management	For	Voted - For
2	Allocation of Profits/Dividends	Management	For	Voted - For
3.1	Elect WANG Chuandong	Management	For	Voted - Against
3.2	Elect SHI Baofeng	Management	For	Voted - For
3.3	Elect ZHANG Junzheng	Management	For	Voted - For
3.4	Elect LIU Guixin	Management	For	Voted - For
3.5	Elect CHEN Guoyong	Management	For	Voted - Against
3.6	Elect Raymond CH'IEN K.F.	Management	For	Voted - Against
3.7	Elect Jack SO Chak Kwong	Management	For	Voted - For
3.8	Elect YANG Yuchuan	Management	For	Voted - Against
3.9	Directors' Fees	Management	For	Voted - For
4	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - For
5	Authority to Repurchase Shares	Management	For	Voted - For
6	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - Against
7	Authority to Issue Repurchased Shares	Management	For	Voted - Against
8	Amendments to Articles of Association	Management	For	Voted - For

CHINA SHENHUA ENERGY CO LTD

Security ID: B09N7M0

Ticker: 1088

Meeting Date: 22-Oct-21

1	New Mutual Coal Supply Agreement	Management	For	Voted - For
2	New Mutual Supplies and Services Agreement	Management	For	Voted - For

7

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

CP ALL PUBLIC COMPANY LIMITED

Security ID: B08YDF9

Ticker: CPALL

Meeting Date: 12-Oct-21

1	Elect Kittipong Kittayarak as  Additional Director and Increase in Board Size	Management	For	Voted - For
2	Acquisition (CPRH)	Management	For	Voted - For
3	Disposal (CPRH)	Management	For	Voted - For
4	Disposal of Makro Shares	Management	For	Voted - For

Meeting Date: 22-Apr-22

1	Results of Operations	Management	For	Voted - For
2	Accounts and Reports	Management	For	Voted - For
3	Allocation of Profits/Dividends	Management	For	Voted - For
4.1	Elect Padoong Techasarintr	Management	For	Voted - Against
4.2	Elect Pridi Boonyoung	Management	For	Voted - Against
4.3	Elect Nampung Wongsmith	Management	For	Voted - For
4.4	Elect Prasobsook Boondech	Management	For	Voted - For
4.5	Elect Phatcharavat Wongsuwan	Management	For	Voted - Against
5	Directors' Fees	Management	For	Voted - Against
6	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - For

DB INSURANCE

Security ID: 6155937

Ticker: 005830

Meeting Date: 25-Mar-22

1	Financial Statements and Allocation of Profits/Dividends	Management	For	Voted - Against
2.1	Elect CHOI Jung Ho	Management	For	Voted - For
2.2	Elect MOON Jung Suk	Management	For	Voted - For
3	Election of Independent Director to Be Appointed as Audit Committee Member:  JUNG Chae Woong	Management	For	Voted - Against
4.1	Election of Audit Committee Member: CHOI Jung Ho	Management	For	Voted - For
4.2	Election of Audit Committee Member: MOON Jung Suk	Management	For	Voted - For
5	Directors' Fees	Management	For	Voted - For

DONGFENG MOTOR GROUP CO

Security ID: B0PH5N3

Ticker: 489

Meeting Date: 15-Sep-21

1 Allocation of Special Dividend Management For Voted - For

Meeting Date: 17-Jun-22

1	Directors' Report	Management	For	Voted - For
2	Supervisors' Report	Management	For	Voted - For

8

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

3	Accounts and Reports	Management	For	Voted - For
4	Allocation of Final Dividends	Management	For	Voted - For
5	Allocation of Interim Dividends	Management	For	Voted - For
6	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - For
7	Directors' and Supervisors' Fees	Management	For	Voted - For
8	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - Against

FILA HOLDINGS

Security ID: B66CTX7

Ticker: 081660

Meeting Date: 29-Mar-22

1	Financial Statements and Allocation of Profits/Dividends	Management	For	Voted - Against
2.1	Elect YOON Keun Chang	Management	For	Voted - For
2.2	Elect LEE Hak Woo	Management	For	Voted - For
2.3	Elect KIM Suk	Management	For	Voted - For
3	Directors' Fees	Management	For	Voted - For
4	Corporate Auditors' Fees	Management	For	Voted - For

FLEXIUM INTERCONNECT INC.

Security ID: 6683416

Ticker: 6269

Meeting Date: 31-May-22

1	2021 Accounts and Reports	Management	For	Voted - For
2	2021 Profit Distribution Plan	Management	For	Voted - For
3	Amendments to Articles	Management	For	Voted - For
4	Amendments to Procedural Rules for Shareholders Meetings	Management	For	Voted - For
5	Amendments to Procedural Rules: Election of Directors	Management	For	Voted - For
6	Amendments to Procedural Rules	Management	For	Voted - For
7	2022 Employee Restricted Shares Plan	Management	For	Voted - For
8	Authority to Issue Shares with or without Preemptive Rights	Management	For	Voted - Against
9.1	Elect CHENG Ming-Chi	Management	For	Voted - For
9.2	Elect CHEN Yong-Chang	Management	For	Voted - For
9.3	Elect HUNG Chi-Shan	Management	For	Voted - For
9.4	Elect SHIH Jeng Xi	Management	For	Voted - For
9.5	Elect LAN Zhi Tang	Management	For	Voted - For
9.6	Elect LIN Pei-Ru	Management	For	Voted - For
9.7	Elect David Cheng	Management	For	Voted - For
9.8	Elect FU Xin-Bin	Management	For	Voted - For
9.9	Elect WU Pei-Jun	Management	For	Voted - Against
9.10	Elect HUANG Shui-Tong	Management	For	Voted - For
9.11	Elect Anson Tseng	Management	For	Voted - For
10	Non-compete Restrictions for Directors	Management	For	Voted - For

9

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

GALAXY ENTERTAINMENT GROUP LTD.

Security ID: 6465874

Ticker: 27

Meeting Date: 12-May-22

1	Accounts and Reports	Management	For	Voted - For
2.1	Elect Paddy TANG Lui Wai Yu	Management	For	Voted - Against
2.2	Elect Charles CHEUNG Wai Bun	Management	For	Voted - Against
2.3	Elect Michael Mecca	Management	For	Voted - Against
2.4	Directors' Fees	Management	For	Voted - For
3	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - For
4.1	Authority to Repurchase Shares	Management	For	Voted - For
4.2	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - Against
4.3	Authority to Issue Repurchased Shares	Management	For	Voted - Against

GREE ELECTRICAL APPLIANCES INC. OF ZHUHAI

Security ID: BD5CPN9

Ticker: 000651

Meeting Date: 20-Aug-21

1 Change of Domicile and Amendments to Articles Management For Voted - For

Meeting Date: 29-Sep-21

1 Change the Purpose and Cancellation of Repurchased Shares Management For Voted - For

Meeting Date: 28-Feb-22

1	Shareholder Returns Plan For the Next Three Years (2022 to 2024)	Management	For	Voted - For
2.1	Elect DONG Mingzhu	Management	For	Voted - For
2.2	Elect ZHANG Wei	Management	For	Voted - For
2.3	Elect DENG Xiaobo	Management	For	Voted - For
2.4	Elect ZHANG Jundu	Management	For	Voted - For
2.5	Elect GUO Shuzhan	Management	For	Voted - For
3.1	Elect LIU Shuwei	Management	For	Voted - For
3.2	Elect WANG Xiaohua	Management	For	Voted - For
3.3	Elect XING Ziwen	Management	For	Voted - For
3.4	Elect ZHANG Qiusheng	Management	For	Voted - For
4.1	Elect CHENG Min	Management	For	Voted - For
4.2	Elect DUAN Xiufeng	Management	For	Voted - Against
5	Cancellation of the Remaining Equities After the First Phase of Repurchase for the Employee Stock Ownership Plan	Management	For	Voted - For
6	Cancellation of the Remaining Equities After the Subscription of the First Phase Employee Stock Ownership Plan	Management	For	Voted - For
7	Cancellation of Some of the Third Phase Repurchased Shares and Continued Use of the Remaining Equities for the Employee Stock Ownership Plan	Management	For	Voted - For

10

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

8 Approve Interim Profit Distribution Plan Management For Voted - For

Meeting Date: 07-Jun-22

1	2021 Directors' Report	Management	For	Voted - For
2	2021 Supervisors' Report	Management	For	Voted - For
3	2021 Accounts and Reports	Management	For	Voted - For
4	2021 Annual Report	Management	For	Voted - For
5	2021 Allocation of Profits/Dividends	Management	For	Voted - For
6	Appointment of Auditor	Management	For	Voted - For
7	LAUNCHING HEDGING BUSINESS OF BULK MATERIAL FUTURES IN 2022	Management	For	Voted - For
8	Launching Foreign Exchange Derivative Transactions	Management	For	Voted - For
9	Investment in Wealth Management Products	Management	For	Voted - For
10	Related Party Transactions	Management	For	Voted - For
11	Launching Bill Pool Businesses	Management	For	Voted - For
12	Authority to Issue Debt Instruments	Management	For	Voted - For

HANA FINANCIAL GROUP INC.

Security ID: B0RNRF5

Ticker: 086790

Meeting Date: 25-Mar-22

1	Financial Statements and Allocation of Profits/Dividends	Management	For	Voted - For
2	Amendments to Articles	Management	For	Voted - For
3.1	Elect PAIK Tae Seung	Management	For	Voted - For
3.2	Elect KIM Hong Jin	Management	For	Voted - For
3.3	Elect HEO Yoon	Management	For	Voted - For
3.4	Elect LEE Jung Won	Management	For	Voted - For
3.5	Elect LEE Kang Won	Management	For	Voted - For
3.6	Elect HAM Young Joo	Management	For	Voted - For
4	Election of Independent Director to Be Appointed as Audit Committee Member: YANG Dong Hoon	Management	For	Voted - For
5.1	Election of Audit Committee Member: PAIK Tae Seung	Management	For	Voted - For
5.2	Election of Audit Committee Member: LEE Jung Won	Management	For	Voted - For
5.3	Election of Audit Committee Member: PARK Dong Moon	Management	For	Voted - For
6.1	Directors' Fees	Management	For	Voted - For
6.2	Special Contribution Bonus to KIM Jung Tai	Management	For	Voted - Against

HON HAI PRECISION INDUSTRY

Security ID: 6438564

Ticker: 2317

Meeting Date: 31-May-22

1	2021 Business Report and Financial Statements.	Management	For	Voted - For
2	Distribution of 2021 Profits	Management	For	Voted - For
3	Amendments to the Articles of Association	Management	For	Voted - For
4	Amendments to the Procedure Rules for Shareholders Meeting	Management	For	Voted - For

11

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

5	Amendments to the Procedure Rules for Acquisition and Disposal of Assets	Management	For	Voted - For
6	Amendments to the Procedure Rules for Capital Loans	Management	For	Voted - For
7	IPO of a Grandson Subsidiary Bharat FIH Limited in National Stock Exchange of India Limited and Bombay Stock Exchange Limited	Management	For	Voted - For
8.1	Elect LIU Yang-Wei	Management	For	Voted - For
8.2	Elect GOU Tai-Ming	Management	For	Voted - Against
8.3	Elect WANG Chengyang	Management	For	Voted - For
8.4	Elect Christina Yee-ru Liu	Management	For	Voted - For
8.5	Elect James Wang	Management	For	Voted - For
8.6	Elect KUO Ta-Wei	Management	For	Voted - For
8.7	Elect Huang Qingyuan	Management	For	Voted - For
8.8	Elect LIU Lenyu	Management	For	Voted - For
8.9	Elect CHEN Yuemin	Management	For	Voted - For
9	Non-compete Restrictions for Directors	Management	For	Voted - For

INDUSTRIAL & COMMERCIAL BANK OF CHINA LTD.

Security ID: BP3R217

Ticker: 601398

Meeting Date: 23-Jun-22

1	Directors' Report	Management	For	Voted - For
2	Supervisors' Report	Management	For	Voted - For
3	Accounts and Reports	Management	For	Voted - For
4	Allocation of Profits/Dividends	Management	For	Voted - For
5	2022 Fixed Asset Investment Budget	Management	For	Voted - For
6	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - For
7	Elect CHEN Siqing as Executive Director	Management	For	Voted - For
8	Elect Norman CHAN Tak Lam as Independent Director	Management	For	Voted - For
9	Elect Fred Zuliu HU as Independent Director	Management	For	Voted - For
10	Elect LIU Lanbiao as Supervisor	Management	For	Voted - For
11	Amendments to Articles	Management	For	Voted - Against

ITAU UNIBANCO HOLDING S.A.

Security ID: 2849739

Ticker: ITUB3

Meeting Date: 01-Oct-21

1.	Ratification of Appointment of Appraiser	Management	For	Voted - For
2.	Valuation Report	Management	For	Voted - For
3.	Merger (XP Inc)	Management	For	Voted - For
4.	Merger Agreement	Management	For	Voted - For
5.	Authorization of Legal Formalities	Management	For	Voted - For

12

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

JBS SA

Security ID: B1V74X7

Ticker: JBSS3

Meeting Date: 22-Apr-22

1	Ratify Co-Option and Elect Cledorvino Belini	Management	For	Voted - For
2	Ratify Co-Option and Elect Francisco Sérgio Turra	Management	For	Voted - For
3	Ratify Co-Option and Elect Carlos Hamilton Vasconcelos Araújo	Management	For	Voted - For
4	Ratify Cledorvino Belini's Independence Status	Management	For	Voted - For
5	Ratify Francisco Sérgio Turra's Independence Status	Management	For	Voted - For
6	Ratify Carlos Hamilton Vasconcelos Araújo's Independence Status	Management	For	Voted - For
7	Amendments to Article 5 (Reconciliation of Share Capital)	Management	For	Voted - For
8	Consolidation of Articles	Management	For	Voted - For
9	Amendments to Merger Agreements (Midtown Participações Ltda. & Bertin S.A.)	Management	For	Voted - For
1	Accounts and Reports	Management	For	Voted - For
2	Allocation of Profits/Dividends	Management	For	Voted - For
3	Supervisory Council Size	Management	For	Voted - For
4	Election of Supervisory Council	Management	For	Voted - Abstain
5	Approve Recasting of Votes for Amended Supervisory Council Slate	Management	Undetermined	Voted - Against
6.1	Elect Roberto Lamb to the Supervisory Council Presented by Minority Shareholders	Management	Undetermined	Voted - For
6.2	Elect Fernando Florêncio Campos to the Supervisory Council Presented by Minority Shareholders	Management	Undetermined	Voted - Against
7	Remuneration Policy	Management	For	Voted - Against

KB FINANCIAL GROUP INC

Security ID: B3DF0Y6

Ticker: 105560

Meeting Date: 25-Mar-22

1	Financial Statements and Allocation of Profits/Dividends	Management	For	Voted - Against
2.1	Elect LEE Jae Geun	Management	For	Voted - For
2.2	Elect SONU Suk Ho	Management	For	Voted - For
2.3	Elect CHOI Myung Hee	Management	For	Voted - For
2.4	Elect JEONG Kou Whan	Management	For	Voted - For
2.5	Elect KWON Seon Joo	Management	For	Voted - For
2.6	Elect OH Gyu Taeg	Management	For	Voted - For
2.7	Elect CHOI Jae Hong	Management	For	Voted - For
3	Election of Independent Director to Be Appointed as Audit Committee Member: KIM Kyung Ho	Management	For	Voted - Against
4.1	Election of Audit Committee Member: SONU Suk Ho	Management	For	Voted - For
4.2	Election of Audit Committee Member: CHOI Myung Hee	Management	For	Voted - For
4.3	Election of Audit Committee Member: JEONG Kou Whan	Management	For	Voted - For
5	Directors' Fees	Management	For	Voted - For

13

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

6 Election of Independent Director: KIM Young Soo (Shareholder proposal) Shareholder Against Voted - Against

KOMERCNI BANKA, A.S.

Security ID: 4519449

Ticker: KOMB

Meeting Date: 02-Nov-21

1 Allocation of Retained Earnings/Dividends Management For Voted - For

Meeting Date: 20-Apr-22

4	Accounts and Reports	Management	For	Voted - For
5	Allocation of Profits/Dividends	Management	For	Voted - For
6	Accounts and Reports (Consolidated)	Management	For	Voted - For
9	Authority to Repurchase Shares	Management	For	Voted - For
10	Remuneration Report	Management	For	Voted - For
11	Appointment of Auditor	Management	For	Voted - For

KOREA ELECTRIC POWER

Security ID: 6495730

Ticker: 015760

Meeting Date: 10-Aug-21

4AA Elect KIM Jae Shin as Audit Committee Member Management For Voted - For

Meeting Date: 14-Oct-21

1	Elect LEE Heung Joo	Management	For	Voted - For
4aa	Elect LEE Heung Joo	Management	For	Voted - For

KRUNG THAI BANK PUBLIC CO. LTD.

Security ID: 6492838

Ticker: KTB

Meeting Date: 08-Apr-22

1	Annual Report	Management	For	Voted - For
2	Accounts and Reports	Management	For	Voted - For
3	Allocation of Profits/Dividends	Management	For	Voted - For
4	Directors' Fees	Management	For	Voted - For
5.1	Elect Krisada Chinavicharana	Management	For	Voted - Against
5.2	Elect Vichai Assarasakorn	Management	For	Voted - Against
5.3	Elect Nitima Thepvanangkul	Management	For	Voted - For
5.4	Elect Lavaron Sangsnit	Management	For	Voted - Against
6	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - For
7	Amendments to Articles	Management	For	Voted - For
8	Transaction of Other Business	Management	For	Voted - Against

14

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

KUNLUN ENERGY COMPANY LIMITED

Security ID: 6340078

Ticker: 135

Meeting Date: 25-May-22

1	Accounts and Reports	Management	For	Voted - For
2	Allocation of Profits/Dividends	Management	For	Voted - For
3.A	Elect LIU Xiao Feng	Management	For	Voted - Against
3.B	Elect Patrick SUN	Management	For	Voted - Against
4	Directors' Fees	Management	For	Voted - For
5	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - For
6	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - Against
7	Authority to Repurchase Shares	Management	For	Voted - For
8	Authority to Issue Repurchased Shares	Management	For	Voted - Against

LENOVO GROUP LTD.

Security ID: 6218089

Ticker: 992

Meeting Date: 20-Jul-21

1	Accounts and Reports	Management	For	Voted - For
2	Allocation of Profits/Dividends	Management	For	Voted - For
3.A	Elect ZHU Linan	Management	For	Voted - For
3.B	Elect John ZHAO  Huan	Management	For	Voted - Against
3.C	Vacated Office due to Retirement of Nicholas C. Allen	Management	For	Voted - For
3.D	Directors' Fees	Management	For	Voted - For
4	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - For
5	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - Against
6	Authority to Repurchase Shares	Management	For	Voted - For
7	Authority to Issue Repurchased Shares	Management	For	Voted - Against

MOMO INC

Security ID: BSS6HX7

Ticker: MOMO

Meeting Date: 02-Aug-21

1. Company Name Change Management For Voted - For

NASPERS LTD

Security ID: 6622691

Ticker: NPN

Meeting Date: 25-Aug-21

O.1	Accounts and Reports	Management	For	Voted - For
O.2	Approve Payment of Dividend	Management	For	Voted - For
O.3	Appointment of Auditor	Management	For	Voted - For
O.4	Elect Angelien Kemna	Management	For	Voted - For
O.5.1	Re-elect Hendrik J. du Toit	Management	For	Voted - For

15

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

O.5.2	Re-elect Craig Enenstein	Management	For	Voted - For
O.5.3	Re-elect Nolo Letele	Management	For	Voted - For
O.5.4	Re-elect Roberto Oliveria de Lima	Management	For	Voted - For
O.5.5	Re-elect Ben J. van der Ross	Management	For	Voted - For
O.6.1	Elect Audit Committee Member (Manisha Girotra)	Management	For	Voted - For
O.6.2	Elect Audit Committee Member (Angelien Kemna)	Management	For	Voted - For
O.6.3	Elect Audit Committee Member (Steve J.Z. Pacak)	Management	For	Voted - Against
O.7	Approve Remuneration Policy	Management	For	Voted - For
O.8	Approve Remuneration Implementation Report	Management	For	Voted - For
O.9	General Authority to Issue Shares	Management	For	Voted - Against
O.10	Authority to Issue Shares for Cash	Management	For	Voted - For
O.11	Authorisation of Legal Formalities	Management	For	Voted - For
S.1.1	Approve NEDs' Fees (Board - Chair)	Management	For	Voted - For
S.1.2	Approve NEDs' Fees (Board - Member)	Management	For	Voted - For
S.1.3	Approve NEDs' Fees (Audit Committee - Chair)	Management	For	Voted - For
S.1.4	Approve NEDs' Fees (Audit Committee - Member)	Management	For	Voted - For
S.1.5	Approve NEDs' Fees (Risk Committee - Chair)	Management	For	Voted - For
S.1.6	Approve NEDs' Fees (Risk Committee - Member)	Management	For	Voted - For
S.1.7	Approve NEDs' Fees (Human Resources and Remuneration Committee - Chair)	Management	For	Voted - For
S.1.8	Approve NEDs' Fees (Human Resources and Remuneration Committee - Member)	Management	For	Voted - For
S.1.9	Approve NEDs' Fees (Nomination Committee - Chair)	Management	For	Voted - For
S.110	Approve NEDs' Fees (Nomination Committee - Member)	Management	For	Voted - For
S.111	Approve NEDs' Fees (Social, Ethics and Sustainability Ethics Committee - Chair)	Management	For	Voted - For
S.112	Approve NEDs' Fees (Social, Ethics and Sustainability Committee - Member)	Management	For	Voted - For
S.113	Approve NEDs' Fees (Trustee of Group Share Schemes/Other Personnel Funds)	Management	For	Voted - For
S.2	Approve Financial Assistance (Section 44)	Management	For	Voted - For
S.3	Approve Financial Assistance (Section 45)	Management	For	Voted - For
S.4	Authority to Repurchase N Ordinary Shares	Management	For	Voted - For
S.5	Specific Authority to Repurchase Shares	Management	For	Voted - For
S.6	Authority to Repurchase A Ordinary Shares	Management	For	Voted - Abstain

NINGBO HUAXIANG ELECTRONIC CO., LTD.

Security ID: BD5C7P5

Ticker: 002048

Meeting Date: 04-Nov-21

1 Allocation of Profits/Dividends Management For Voted - For

Meeting Date: 31-Mar-22

1	2022 EMPLOYEE STOCK OWNERSHIP PLAN (DRAFT) AND ITS SUMMARY	Management	For	Voted - Against
2	MANAGEMENT MEASURES FOR 2022 EMPLOYEE STOCK OWNERSHIP PLAN	Management	For	Voted - Against
3	Authorization to the Board to Handle the Matters Regarding the 2022 Employee Stock Ownership Plan	Management	For	Voted - Against

16

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

Meeting Date: 19-May-22

1	2021 ANNUAL REPORT AND ITS SUMMARY	Management	For	Voted - For
2	2021 WORK REPORT OF THE BOARD OF DIRECTORS	Management	For	Voted - For
3	2021 WORK REPORT OF THE SUPERVISORY COMMITTEE	Management	For	Voted - For
4	2021 ANNUAL ACCOUNTS	Management	For	Voted - For
5	2021 Profit Distribution Plan	Management	For	Voted - For
6	APPOINTMENT OF 2022 AUDIT FIRM	Management	For	Voted - For
7	2022 CONTINUING CONNECTED TRANSACTIONS	Management	For	Voted - For
8	Increase or Sale of Equities in a Company and Authorization to the Chairman of the Board to Handle the Implementation	Management	For	Voted - For

PETROLEO BRASILEIRO S.A. PETROBRAS

Security ID: 2616580

Ticker: PBR

Meeting Date: 27-Aug-21

1.	Election of Directors	Management	For	Voted - For
2.	Approve Recasting of Votes for Amended Slate	Management	For	Voted - Against
3.	Request Cumulative Voting	Management	Against	Voted - For
4A.	Allocate Cumulative Votes to Eduardo Bacellar Leal Ferreira	Management	Against	Voted - Abstain
4B.	Allocate Cumulative Votes to Joaquim Silva e Luna	Management	Against	Voted - Abstain
4C.	Allocate Cumulative Votes to Ruy Flaks Schneider	Management	Against	Voted - For
4D.	Allocate Cumulative Votes to Sonia Julia Sulzbeck Villalobos	Management	Against	Voted - For
4E.	Allocate Cumulative Votes to Márcio Andrade Weber	Management	Against	Voted - For
4F.	Allocate Cumulative Votes to Murilo Marroquim de Souza	Management	Against	Voted - For
4G.	Allocate Cumulative Votes to Cynthia Santana Silveira	Management	Against	Voted - For
4H.	Allocate Cumulative Votes to Carlos Eduardo Lessa Brandão	Management	Against	Voted - For
4I.	Allocate Cumulative Votes to José João Abdalla Filho	Management	Against	Voted - Abstain
4J.	Allocate Cumulative Votes to Marcelo Gasparino da Silva	Management	Against	Voted - For
4K.	Allocate Cumulative Votes to Pedro Rodrigues Galvão de Medeiros	Management	Against	Voted - For
5.	Elect Eduardo Bacellar Leal Ferreira as Chair	Management	For	Voted - For
6.	Elect Jeferson Luís Bittencourt as Supervisory Council Member	Management	For	Voted - For
7.	Ratify Updated Audit Committee Remuneration Amount (FY2021)	Management	For	Voted - For
8.	Ratify Updated Advisory Committees Remuneration Amount (FY2021)	Management	For	Voted - For
9.	Instructions if Meeting is Held on Second Call	Management	For	Voted - Against

17

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

Meeting Date: 13-Apr-22

1	Accounts and Reports	Management	For	Voted - For
2	Allocation of Profits/Dividends	Management	For	Voted - For
3	Board Size	Management	For	Voted - For
4	Election of Directors	Management	For	Voted - For
5	Approve Recasting of Votes for Amended Slate	Management	Undetermined	Voted - Against
6	Request Cumulative Voting	Management	Undetermined	Voted - For
7a	Allocation of Votes to Luiz Rodolfo Landim Machado	Management	Undetermined	Voted - For
7b	Allocate Cumulative Votes to Adriano José Pires Rodrigues	Management	Undetermined	Voted - For
7c	Allocation of Votes to Carlos Eduardo Lessa Brandão	Management	Undetermined	Voted - For
7d	Allocate Cumulative Votes to Eduardo Karrer	Management	Undetermined	Voted - For
7e	Allocation of Votes to Luiz Henrique Caroli	Management	Undetermined	Voted - Abstain
7f	Allocation of Votes to Márcio Andrade Weber	Management	Undetermined	Voted - For
7g	Allocation of Votes to Ruy Flaks Schneider	Management	Undetermined	Voted - For
7h	Allocation of Votes to Sonia Julia Sulzbeck Villalobos	Management	Undetermined	Voted - For
7i	Allocation of Votes to José João Abdalla Filho	Management	Undetermined	Voted - For
7j	Allocation of Votes to Marcelo Gasparino da Silva	Management	Undetermined	Voted - For
7l	Elect Ana Marta Veloso as Board Member Presented by Minority Shareholders	Management	Undetermined	Voted - Abstain
7m	Elect Rodrigo Mesquita Pereira as Board Member Presented by Minority Shareholders	Management	Undetermined	Voted - Abstain
7n	Elect Francisco Petros Oliveira Lima Papathanasiadis as Board Member Presented by Minority Shareholders	Management	Undetermined	Voted - Abstain
8	Elect Luiz Rodolfo Landim Machado as Board Chair	Management	For	Voted - For
9	Supervisory Council Size	Management	For	Voted - For
10a	Election of Supervisory Council	Management	For	Voted - Abstain
10b	Approve Recasting of Votes for Amended Supervisory Council Slate	Management	Undetermined	Voted - Against
10c	Elect Michele da Silva Gonsales Torres to the Supervisory Council Presented by Minority Shareholders	Management	Undetermined	Voted - For
11	Remuneration Policy	Management	For	Voted - For
12	Instructions if Meeting is Held on Second Call	Management	Undetermined	Voted - Against
E1	Amendments to Articles; Consolidation of Articles	Management	For	Voted - For
E2	Instructions if Meeting is Held on Second Call	Management	Undetermined	Voted - For

PICC PROPERTY & CASUALTY CO

Security ID: 6706250

Ticker: 2328

Meeting Date: 28-Oct-21

1	Elect WEI Chenyang	Management	For	Voted - For
2	Elect Edwina LI Shuk Yin as Supervisor	Management	For	Voted - For
3	Planning Outline of the “14th Five-Year Plan” Development Strategy	Management	For	Voted - For

18

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

Meeting Date: 29-Dec-21

1	Amendments to Articles of Association	Management	For	Voted - Against
2	Amendments to Procedural Rules for General Meetings	Management	For	Voted - Against
3	Amendments to Procedural Rules for the Board	Management	For	Voted - For
4	Amendments to Procedural Rules for the Supervisory Committee	Management	For	Voted - For
5	Elect CHENG Fengchao	Management	For	Voted - Against
7	Elect ZHANG Daoming	Management	For	Voted - For

Meeting Date: 20-Jun-22

1	Directors' Report	Management	For	Voted - For
2	Supervisors' Report	Management	For	Voted - For
3	Accounts and Reports	Management	For	Voted - For
4	Allocation of Profits/Dividends	Management	For	Voted - For
5	Directors' Fees and Supervisors' Fees	Management	For	Voted - For
6	Appointment of International and PRC Auditors and Authority to Set Fees	Management	For	Voted - For

PJSC LUKOIL

Security ID: BYZDW27

Ticker: LKOD

Meeting Date: 02-Dec-21

1	Interim Dividends (3Q2021)	Management	For	Voted - For
2	Directors' Fees	Management	For	Voted - For

POSCO

Security ID: 6693233

Ticker: 005490

Meeting Date: 28-Jan-22

1 Spin-off Management For Voted - Against

POSCO HOLDINGS INC

Security ID: 6693233

Ticker: 005490

Meeting Date: 18-Mar-22

1	Financial Statements and Allocation of Profits/Dividends	Management	For	Voted - For
2.1	Elect CHON Jung Son	Management	For	Voted - Against
2.2	Elect CHUNG Chang Hwa	Management	For	Voted - Against
2.3	Elect YOO Byung Ok	Management	For	Voted - Against
3	Elect of Non-executive Director: KIM Hag Dong	Management	For	Voted - Against
4.1	Elect SON Sung Gyu	Management	For	Voted - Against
4.2	Elect YOO Jin Nyoung	Management	For	Voted - Against
4.3	Elect PARK Heui Jae	Management	For	Voted - Against
5.1	Election of Audit Committee Member: SON Sung Gyu	Management	For	Voted - Against

19

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

5.2	Election of Audit Committee Member: YOO Jin Nyoung	Management	For	Voted - Against
6	Directors' Fees	Management	For	Voted - Against

POWSZECHNA KASA OSZCZEDNOSCI BANK POLSKI SA

Security ID: B03NGS5

Ticker: PKO

Meeting Date: 12-Oct-21

2	Election of Presiding Chair	Management	For	Voted - For
3	Compliance with Rules of Convocation	Management	For	Voted - For
4	Agenda	Management	For	Voted - For
5	Shareholder Proposal Regarding Changes to the Supervisory Board Composition	Shareholder	For	Voted - Abstain
6	Shareholder Proposal Regarding Approval of Assessment of Collegial Suitability of Supervisory Board Members	Shareholder	For	Voted - Abstain
7	Shareholder Proposal Regarding Coverage of Meeting Costs	Shareholder	For	Voted - For

POWSZECHNY ZAKLAD UBEZPIECZEN SA

Security ID: B63DG21

Ticker: PZU

Meeting Date: 12-Oct-21

2	Election of Presiding Chair	Management	For	Voted - For
3	Compliance with Rules of Convocation	Management	For	Voted - For
4	Agenda	Management	For	Voted - For
5.A	Removal of Supervisory Board Member	Management	For	Voted - Abstain
5.B	Election of Supervisory Board Member	Management	For	Voted - Abstain
6	Approval of Assessment of Collegial Suitability of Supervisory Board Members	Management	For	Voted - Abstain
7	Coverage of Meeting Costs	Management	For	Voted - For

Meeting Date: 25-Mar-22

2	Election of Presiding Chair	Management	For	Voted - For
3	Compliance with Rules of Convocation	Management	For	Voted - For
4	Agenda	Management	For	Voted - For
5	Authority to Issue Convertible Bonds	Management	For	Voted - For

Meeting Date: 29-Jun-22

2	Election of Presiding Chair	Management	For	Voted - For
3	Compliance with Rules of Convocation	Management	For	Voted - For
4	Agenda	Management	For	Voted - For
5	Presentation of Financial Statements	Management	For	Voted - For
6	Presentation of Financial Statements (Consolidated)	Management	For	Voted - For
7	Presentation of Management Board Report and Report on Non-Financial Information	Management	For	Voted - For
8	Presentation of Supervisory Board Reports	Management	For	Voted - For

20

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

9	Presentation of Supervisory Board Report on its Activities	Management	For	Voted - For
10	Presentation of Management Board Report on Expenditures	Management	For	Voted - For
11	Financial Statements	Management	For	Voted - For
12	Financial Statements (Consolidated)	Management	For	Voted - For
13	Management Board Report	Management	For	Voted - For
14	Allocation of Profits/Dividends	Management	For	Voted - For
15	Ratification of Management Board Acts	Management	For	Voted - For
16	Ratification of Supervisory Board Acts	Management	For	Voted - For
17	Remuneration Report	Management	For	Voted - Against
18	Changes to Supervisory Board Composition	Management	For	Voted - Against
19	Assessment of Individual and Collective Suitability of the Supervisory Board	Management	For	Voted - For
20	Amendments to Articles	Management	For	Voted - For
21	Adoption of Best Practice for WSE Listed Companies 2021	Management	For	Voted - For
22	Amendments to General Meeting Regulations	Management	For	Voted - For
23	Approval of Diversity Policy	Management	For	Voted - For

PT BANK MANDIRI (PERSERO) TBK

Security ID: 6651048

Ticker: BMRI

Meeting Date: 10-Mar-22

1	Accounts and Reports	Management	For	Voted - For
2	Allocation of Profits/Dividends	Management	For	Voted - For
3	Directors' and Commissioners' Fees	Management	For	Voted - Against
4	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - Against
5	Ratification of Ministerial Regulation	Management	For	Voted - For
6	Ratification of Ministerial Regulation	Management	For	Voted - For
7	Transfer of Treasury Shares to Employee under the Employee Stock Ownership Program	Management	For	Voted - Against
8	Election of Directors and/or Commissioners (Slate)	Management	For	Voted - Against

PUBLIC JOINT STOCK COMPANY ALROSA

Security ID: B6QPBP2

Ticker: ALRS

Meeting Date: 30-Sep-21

1.1	Interim Dividend (1H2021)	Management	For	Voted - For
2.1	Amendments to Articles	Management	For	Voted - For
3.1	Amendments to General Meeting Regulations	Management	For	Voted - For

REC LTD.

Security ID: B2Q7WL3

Ticker: RECL

Meeting Date: 27-Apr-22

1 Elect Parminder Chopra Management For Voted - Against

21

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

2 Elect Sudhir Kumar Gangadhar Rahate Management For Voted - Against

SAMSUNG ELECTRONICS

Security ID: 6771720

Ticker: 005930

Meeting Date: 16-Mar-22

1	Financial Statements and Allocation of Profits/Dividends	Management	For	Voted - For
2.1.1	Elect KIM Han Jo	Management	For	Voted - For
2.1.2	Elect HAN Wha Jin	Management	For	Voted - For
2.1.3	Elect KIM Jun Sung	Management	For	Voted - For
2.2.1	Elect KYUNG Kye Hyun	Management	For	Voted - For
2.2.2	Elect ROH Tae Moon	Management	For	Voted - For
2.2.3	Elect PARK Hark Kyu	Management	For	Voted - For
2.2.4	Elect LEE Jung Bae	Management	For	Voted - For
2.3.1	Election of Audit Committee Member: KIM Han Jo	Management	For	Voted - For
2.3.2	Election of Audit Committee Member: KIM Jeong Hun	Management	For	Voted - For
3	Directors' Fees	Management	For	Voted - For

SANDS CHINA LTD

Security ID: B5B23W2

Ticker: 1928

Meeting Date: 20-May-22

1	Accounts and Reports	Management	For	Voted - For
2.A	Elect WONG Ying Wai	Management	For	Voted - Against
2.B	Elect Rachel CHIANG Yun	Management	For	Voted - Against
2.C	Elect Victor Patrick Hoog Antink	Management	For	Voted - For
2.D	Directors' Fees	Management	For	Voted - For
3	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - For
4	Authority to Repurchase Shares	Management	For	Voted - For
5	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - Against
6	Authority to Issue Repurchased Shares	Management	For	Voted - Against

SHANGHAI MECHANICAL & ELECTRICAL INDUSTRY CO., LTD.

Security ID: BP3R7Q7

Ticker: 600835

Meeting Date: 24-Mar-22

1 CHEN Jiaming to Cease to Serve as Director Management For Voted - For

Meeting Date: 26-May-22

1	Approval of FY2021 Annual Report and Its Summary	Management	For	Voted - For
2	Approval of FY2021 Directors' Report	Management	For	Voted - For
3	Approval of FY2021 Supervisors' Report	Management	For	Voted - For
4	FY2021 Financial Accounts and Reports	Management	For	Voted - For
5	FY2021 Allocation of Profits/Dividends	Management	For	Voted - For
6	Appointment of Auditor	Management	For	Voted - For

22

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

7	Amendments to Articles [Bundled]	Management	For	Voted - For
8	Amendments to Procedural Rules: Shareholder Meetings	Management	For	Voted - For
9	Amendments to Procedural Rules: Board Meetings	Management	For	Voted - For

SINOPHARM GROUP CO LTD

Security ID: B3ZVDV0

Ticker: 1099

Meeting Date: 20-May-22

1	Approval of Actual Transaction Amount under 2020 Procurement Framework Agreement and 2020 Sales  Framework Agreement	Management	For	Voted - Against
2	New Annual Cap for 2020 Procurement Framework Agreement	Management	For	Voted - Against
3	New Annual Cap for 2020 Sales Framework Agreement	Management	For	Voted - Against

Meeting Date: 23-Jun-22

	AGM
1	Directors' Report	Management	For	Voted - For
2	Supervisors' Report	Management	For	Voted - For
3	Accounts and Reports	Management	For	Voted - For
4	Allocation of Profits/Dividends	Management	For	Voted - For
5	Directors' Fees	Management	For	Voted - For
6	Supervisors' Fees	Management	For	Voted - For
7	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - For
8	Authority to Give Guarantees	Management	For	Voted - Against
9	Authority to Issue Domestic Shares and/or H Shares w/o Preemptive Rights	Management	For	Voted - Against
10	Authority to Repurchase H Shares	Management	For	Voted - For
11	Authority to Issue Debt Financing Instruments	Management	For	Voted - For
	Other
1	Authority to Repurchase H Shares	Management	For	Voted - For

SK HYNIX INC

Security ID: 6450267

Ticker: 000660

Meeting Date: 30-Mar-22

1	Financial Statements and Allocation of Profits/Dividends	Management	For	Voted - Against
2	Amendments to Articles	Management	For	Voted - For
3	Share Option Grant	Management	For	Voted - For
4	Share Options Previously Granted by Board Resolution	Management	For	Voted - For
5.1	Elect KWAK Noh Jeong	Management	For	Voted - For
5.2	Elect NOH Jong Won	Management	For	Voted - For
6	Elect HA Yung Ku	Management	For	Voted - Against
7	Election of Audit Committee Member: HA Yung Ku	Management	For	Voted - Against
8	Directors' Fees	Management	For	Voted - Against

23

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

SK SQUARE

Security ID: BMG3GS6

Ticker: 402340

Meeting Date: 28-Mar-22

1	Financial Statements and Allocation of Profits/Dividends	Management	For	Voted - Against
2	Directors' Fees	Management	For	Voted - For

SK TELECOM CO LTD

Security ID: 6224871

Ticker: 017670

Meeting Date: 12-Oct-21

1.	Amendments to Articles	Management	For	Voted - For
2.	Spin-off	Management	For	Voted - For
3.	Elect CHOI Kyu Nam	Management	For	Voted - For

STATE BANK OF INDIA

Security ID: BSQCB24

Ticker: SBIN

Meeting Date: 22-Jun-22

1 Accounts and Reports Management For Voted - For

WEIBO CORP

Security ID: BLLJ4H7

Ticker: WB

Meeting Date: 01-Dec-21

S1.	Amended and Restated Memorandum and Articles of Association (Class B)	Management	For	Voted - For
O1.	Elect Hong Du	Management	For	Voted - For
O2.	Elect Daniel Yong ZHANG	Management	For	Voted - For
O3.	Elect Pehong Chen	Management	For	Voted - For
S4.	Adoption of the Company’s Dual Foreign Name	Management	For	Voted - For
S5.	Amended and Restated Memorandum and Articles of Association	Management	For	Voted - For

Meeting Date: 06-Jun-22

1.	Elect Charles CHAO Guowei	Management	For	Voted - For
2.	Elect P. Christopher  Lu	Management	For	Voted - Against
3.	Elect Gaofei Wang	Management	For	Voted - For

24

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

WH GROUP LIMITED

Security ID: BLLHKZ1

Ticker: 288

Meeting Date: 16-Aug-21

1	Authority to Repurchase Shares in pursuant to Conditional Voluntary Cash Offer (the "Offer")	Management	For	Voted - For
2	Waiver of Mandatory Takeover Requirement (Whitewash Waiver)	Management	For	Voted - For

Meeting Date: 01-Jun-22

1	Accounts and Reports	Management	For	Voted - For
2.A	Elect GUO Lijun	Management	For	Voted - For
2.B	Elect WAN Hongwei	Management	For	Voted - For
2.C	Elect Charles Shane SMITH	Management	For	Voted - For
2.D	Elect JIAO Shuge	Management	For	Voted - For
3	Directors' Fees	Management	For	Voted - For
4	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - For
5	Allocation of Profits/Dividends	Management	For	Voted - For
6	Authority to Repurchase Shares	Management	For	Voted - For
7	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - Against
8	Authority to Issue Repurchased Shares	Management	For	Voted - Against

WONIK IPS CO. LTD.

Security ID: BZ8TP86

Ticker: 240810

Meeting Date: 24-Mar-22

1	Financial Statements and Allocation of Profits/Dividends	Management	For	Voted - Against
2.1.1	Elect KWON Oh Chul	Management	For	Voted - Against
2.1.2	Elect PARK Dong Geon	Management	For	Voted - For
2.2.1	Elect LEE Moon Yong	Management	For	Voted - For
2.2.2	Elect JO Nam Seong	Management	For	Voted - For
2.2.3	Elect AHN Tae Hyeok	Management	For	Voted - For
3	Election of Independent Director to Be Appointed as Audit Committee Member:  KIM Hyeong Jun	Management	For	Voted - For
4.1	Election of Audit Committee Member: KWON Oh Chul	Management	For	Voted - Against
4.2	Election of Audit Committee Member: PARK Dong Geon	Management	For	Voted - For
5	Directors' Fees	Management	For	Voted - For

ZHEN DING TECHNOLOGY HOLDING LTD

Security ID: B734XQ4

Ticker: 4958

Meeting Date: 31-May-22

1	FY2021 Financial Statements and Business Report	Management	For	Voted - For
2	FY2021 Allocation of Profits/Dividends	Management	For	Voted - For
3	Amendments to Articles [Bundled]	Management	For	Voted - For

25

ARGA Emerging Markets Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

4 Amendments to Procedural Rules: Acquisition and Disposal of Assets Management For Voted - For

26

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

ABN AMRO BANK N.V.

Security ID: BYQP136

Ticker: ABN

Meeting Date: 20-Apr-22

2.f.	Remuneration Report	Management	For	Voted - For
2.h.	Accounts and Reports	Management	For	Voted - For
3.b.	Allocation of Profits/Dividends	Management	For	Voted - For
4.a.	Ratification of Management Board Acts	Management	For	Voted - For
4.b.	Ratification of Supervisory Board Acts	Management	For	Voted - For
6.d.i	Elect Tom de Swaan to the Supervisory Board	Management	For	Voted - For
6diii	Elect Sarah Russell to the Supervisory Board	Management	For	Voted - For
7.a.	Authority to Issue Shares w/ Preemptive Rights	Management	For	Voted - Against
7.b.	Authority to Suppress Preemptive Rights	Management	For	Voted - Against
7.c.	Authority to Repurchase Shares	Management	For	Voted - For
8.	Cancellation of Shares	Management	For	Voted - For

ABRDN PLC

Security ID: BF8Q6K6

Ticker: ABDN

Meeting Date: 15-Mar-22

1 IIG Transaction Management For Voted - Against

Meeting Date: 18-May-22

1	Accounts and Reports	Management	For	Voted - For
2	Final Dividend	Management	For	Voted - For
3	Appointment of Auditor	Management	For	Voted - For
4	Authority to Set Auditor's Fees	Management	For	Voted - For
5	Remuneration Report	Management	For	Voted - For
6.A	Elect Douglas (Sir) J. Flint	Management	For	Voted - For
6.B	Elect Jonathan Asquith	Management	For	Voted - For
6.C	Elect Stephen Bird	Management	For	Voted - For
6.D	Elect Stephanie Bruce	Management	For	Voted - For
6.E	Elect John Devine	Management	For	Voted - For
6.F	Elect Brian McBride	Management	For	Voted - For
6.G	Elect Cathleen Raffaeli	Management	For	Voted - For
6.H	Elect Cecilia Reyes	Management	For	Voted - For
7.A	Elect Catherine Bradley	Management	For	Voted - For
7.B	Elect Hannah Melissa Wood Grove	Management	For	Voted - For
7.C	Elect Pam Kaur	Management	For	Voted - For
7.D	Elect Michael O'Brien	Management	For	Voted - For
8	Authorisation of Political Donations	Management	For	Voted - For
9	Authority to Issue Shares w/ Preemptive Rights	Management	For	Voted - For
10	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - For
11	Authority to Repurchase Shares	Management	For	Voted - For
12	Authority to Issue Shares and Convertible Debt w/ Preemptive Rights	Management	For	Voted - For

27

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

13	Authority to Issue Shares and Convertible Debt w/o Preemptive Rights	Management	For	Voted - For
14	Authority to Set General Meeting Notice Period at 14 Days	Management	For	Voted - For
15	Reduction in Capital Redemption Account	Management	For	Voted - For

ACCOR

Security ID: 5852842

Ticker: AC

Meeting Date: 20-May-22

1	Accounts and Reports; Non Tax-Deductible Expenses	Management	For	Voted - For
2	Consolidated Accounts and Reports	Management	For	Voted - For
3	Allocation of Losses	Management	For	Voted - For
4	Elect Asma Abdulrahman Al- Khulaifi	Management	For	Voted - For
5	Elect Ugo Arzani	Management	For	Voted - For
6	Elect Hélène Auriol-Potier	Management	For	Voted - For
7	Elect Qionger Jiang	Management	For	Voted - Against
8	Elect Nicolas Sarkozy	Management	For	Voted - For
9	Elect Isabelle Simon	Management	For	Voted - For
10	Elect Sarmad Zok	Management	For	Voted - For
11	2021 Remuneration Report	Management	For	Voted - For
12	2021 Remuneration of Sébastien Bazin, Chair and CEO	Management	For	Voted - For
13	2022 Remuneration Policy (Chair and CEO)	Management	For	Voted - For
14	2022 Remuneration Policy (Board of Directors)	Management	For	Voted - For
15	Special Auditors Report on Regulated Agreements	Management	For	Voted - For
16	Authority to Repurchase and Reissue Shares	Management	For	Voted - For
17	Authority to Grant Performance Shares	Management	For	Voted - For
18	Global Ceiling on Capital Increases for Equity Compensation Plans (Corporate Officers)	Management	For	Voted - For
19	Employee Stock Purchase Plan	Management	For	Voted - For
20	Authority to Issue Warrants as a Takeover Defense	Management	For	Voted - Against
21	Authorisation of Legal Formalities	Management	For	Voted - For

ADECCO GROUP AG

Security ID: 7110720

Ticker: ADEN

Meeting Date: 13-Apr-22

1.1	Accounts and Reports	Management	For	Voted - For
1.2	Compensation Report	Management	For	Voted - For
2.1	Allocation of Profits/Dividends	Management	For	Voted - For
2.2	Dividend from Reserves	Management	For	Voted - For
3	Ratification of Board and Management Acts	Management	For	Voted - For
4.1	Board Compensation	Management	For	Voted - For
4.2	Executive Compensation	Management	For	Voted - For
5.1.1	Elect Jean-Christophe Deslarzes	Management	For	Voted - For
5.1.2	Elect Rachel Duan	Management	For	Voted - For
5.1.3	Elect Ariane Gorin	Management	For	Voted - For
5.1.4	Elect Alexander Gut	Management	For	Voted - For

28

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

5.1.5	Elect Didier Lamouche	Management	For	Voted - For
5.1.6	Elect David N. Prince	Management	For	Voted - For
5.1.7	Elect Kathleen Taylor	Management	For	Voted - For
5.1.8	Elect Regula Wallimann	Management	For	Voted - For
5.2.1	Elect Rachel Duan as Compensation Committee Member	Management	For	Voted - For
5.2.2	Elect Didier Lamouche as Compensation Committee Member	Management	For	Voted - For
5.2.3	Elect Kathleen Taylor as Compensation Committee Member	Management	For	Voted - For
5.3	Appointment of Independent Proxy	Management	For	Voted - For
5.4	Appointment of Auditor	Management	For	Voted - For
6	Cancellation of Shares and Reduction in Share Capital	Management	For	Voted - For
7	Increase in Authorised Capital	Management	For	Voted - For

AEGON N. V.

Security ID: 5927375

Ticker: AGN

Meeting Date: 31-May-22

2.2.	Remuneration Report	Management	For	Voted - For
2.3.	Accounts and Reports	Management	For	Voted - For
2.4.	Allocation of Profits/Dividends	Management	For	Voted - For
3.1.	Ratification of Management Board Acts	Management	For	Voted - For
3.2.	Ratification of Supervisory Board Acts	Management	For	Voted - For
4.2.	Elect Corien Wortmann-Kool to the Supervisory Board	Management	For	Voted - For
4.3.	Elect Karen Fawcett to the Supervisory Board	Management	For	Voted - For
5.1.	Cancellation of Shares	Management	For	Voted - For
5.2.	Authority to Issue Shares w/ or w/o Preemptive Rights	Management	For	Voted - Against
5.3.	Authority to Issue Shares w/ Preemptive Rights in Connection with a Rights Issue	Management	For	Voted - Against
5.4.	Authority to Repurchase Shares	Management	For	Voted - For

AERCAP HOLDINGS N.V.

Security ID: B1HHKD3

Ticker: AER

Meeting Date: 12-May-22

3	Accounts and Reports	Management	For	Voted - For
5	Ratification of Board Acts	Management	For	Voted - For
6A	Elect Jean Raby	Management	For	Voted - For
6B	Elect Julian B. Branch	Management	For	Voted - For
6C	Elect Stacey Cartwright	Management	For	Voted - For
6D	Elect Rita Forst	Management	For	Voted - For
6E	Elect Richard Michael Gradon	Management	For	Voted - For
6F	Elect Robert G. Warden	Management	For	Voted - For
7	Designation of CFO as Person Temporarily Responsible for Management	Management	For	Voted - For
8	Appointment of Auditor	Management	For	Voted - For

29

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

9A	Authority to Issue Shares w/ Preemptive Rights	Management	For	Voted - For
9B	Authority to Suppress Preemptive Rights	Management	For	Voted - For
9C	Authority to Issue Shares w/ Preemptive Rights in connection with Mergers and Acquisitions	Management	For	Voted - For
9D	Authority to Suppress Preemptive Rights in connection with Mergers and Acquisitions	Management	For	Voted - Against
10A	Authority to Repurchase Shares	Management	For	Voted - For
10B	Authority to Repurchase Additional Shares	Management	For	Voted - For
11	Reduction of Capital through Cancelation of Shares	Management	For	Voted - For

AIRBUS SE

Security ID: 4012250

Ticker: AIR

Meeting Date: 12-Apr-22

1	Accounts and Reports	Management	For	Voted - For
2	Allocation of Profits/Dividends	Management	For	Voted - For
3	Ratification of Non-Executive Directors' Acts	Management	For	Voted - For
4	Ratification of Executive Directors' Acts	Management	For	Voted - For
5	Appointment of Auditor	Management	For	Voted - For
6	Remuneration Report	Management	For	Voted - Against
7	Elect Guillaume Faury to the Board of Directors	Management	For	Voted - For
8	Elect Catherine Guillouard to the Board of Directors	Management	For	Voted - For
9	Elect Claudia Nemat to the Board of Directors	Management	For	Voted - For
10	Elect Irene Rummelhoff to the Board of Directors	Management	For	Voted - For
11	Authority to Issue Shares w/ or w/o Preemptive Rights (Equity Plans)	Management	For	Voted - Against
12	Authority to Issue Shares w/ or w/o Preemptive Rights (General Authority)	Management	For	Voted - Against
13	Authority to Repurchase Shares	Management	For	Voted - For
14	Cancellation of Shares	Management	For	Voted - For

ALIBABA GROUP HOLDING LTD

Security ID: BK6YZP5

Ticker: 9988

Meeting Date: 17-Sep-21

1.1	Elect Joseph TSAI Chung	Management	For	Voted - Against
1.2	Elect J. Michael Evans	Management	For	Voted - For
1.3	Elect Börje E. Ekholm	Management	For	Voted - Against
2.	Appointment of Auditor	Management	For	Voted - For

AMS-OSRAM AG

Security ID: BPF0548

Ticker: AMS

Meeting Date: 24-Jun-22

2	Ratification of Management Board Acts	Management	For	Voted - For
3	Ratification of Supervisory Board Acts	Management	For	Voted - For
4	Appointment of Auditor	Management	For	Voted - For

30

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

5	Remuneration Report	Management	For	Voted - Against
6.1	Elect Yen Yen  Tan	Management	For	Voted - For
6.2	Elect Brian M. Krzanich	Management	For	Voted - For
6.3	Elect Monika Henziger	Management	For	Voted - For
6.4	Elect LOH Kin Wah	Management	For	Voted - For
6.5	Elect Wolfgang Leitner	Management	For	Voted - For
6.6	Elect Andreas Gerstenmayr	Management	For	Voted - For

AXA

Security ID: 7088429

Ticker: CS

Meeting Date: 28-Apr-22

1	Accounts and Reports	Management	For	Voted - For
2	Consolidated Accounts and Reports	Management	For	Voted - For
3	Allocation of Profits/Dividends	Management	For	Voted - For
4	2022 Remuneration Report	Management	For	Voted - For
5	2022 Remuneration of Denis Duverne, Chair	Management	For	Voted - For
6	2022 Remuneration of Thomas Buberl, CEO	Management	For	Voted - For
7	2022 Remuneration Policy (CEO)	Management	For	Voted - For
8	2022 Remuneration Policy (Chair)	Management	For	Voted - For
9	2022 Remuneration Policy (Board of Directors)	Management	For	Voted - For
10	Special Auditors Report on Regulated Agreements	Management	For	Voted - For
11	Elect Thomas Buberl	Management	For	Voted - For
12	Elect Rachel Duan	Management	For	Voted - For
13	Elect André François-Poncet	Management	For	Voted - For
14	Ratification of Co-Option of Clotilde Delbos	Management	For	Voted - For
15	Elect Gérald Harlin	Management	For	Voted - For
16	Elect Rachel Picard	Management	For	Voted - For
17	Appointment of Auditor (Ernst & Young)	Management	For	Voted - For
18	Appointment of Alternate Auditor (Picarle et Associés)	Management	For	Voted - For
19	2022 Directors' Fees	Management	For	Voted - For
20	Authority to Repurchase and Reissue Shares	Management	For	Voted - For
21	Employee Stock Purchase Plan	Management	For	Voted - For
22	Stock Purchase Plan for Overseas Employees	Management	For	Voted - For
23	Authority to Issue Performance Shares	Management	For	Voted - For
24	Authority to Issue Performance Shares Pursuant to Defined Contribution Pension Plan	Management	For	Voted - For
25	Authority to Cancel Shares and Reduce Capital	Management	For	Voted - For
26	Amendments to Articles Regarding Staggered Board	Management	For	Voted - For
27	Amendments to Articles Regarding Corporate Purpose	Management	For	Voted - For
28	Authorisation of Legal Formalities	Management	For	Voted - For

BAIDU INC

Security ID: B0FXT17

Ticker: BIDU

Meeting Date: 07-Dec-21

1. Adoption of the Company’s Dual Foreign Name Management For Voted - For

31

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

2.	Amendment to the Company's Articles of Association	Management	For	Voted - For
3.	Approval of Filings of Company's Dual Foreign Name and Articles of Association	Management	For	Voted - For

BANCO DO BRASIL S.A.

Security ID: 2328595

Ticker: BBAS3

Meeting Date: 27-Apr-22

1	Elect Renato da Mota Andrade Neto as Supervisory Council  Member	Management	For	Voted - For
2	Accounts and Reports	Management	For	Voted - For
3	Allocation of Profits/Dividends	Management	For	Voted - For
4	Remuneration Policy	Management	For	Voted - For
5	Supervisory Council Fees	Management	For	Voted - For
6	Audit Committee Fees	Management	For	Voted - For
7	Risk and Capital Committee Fees	Management	For	Voted - For
8	Instructions if Meeting is Held on Second Call	Management	Undetermined	Voted - Against
1	Amendments to Article 1 (Company Name)	Management	For	Voted - For
2	Amendments to Article 2 (Corporate Purpose)	Management	For	Voted - For
3	Amendments to Article 7 (Share Capital)	Management	For	Voted - For
4	Amendments to Articles 9 and 10 (Shareholders' Meetings)	Management	For	Voted - For
5	Amendments to Articles (Company Management and Organization)	Management	For	Voted - For
6	Amendments to Articles (Supervisory Council)	Management	For	Voted - For
7	Amendments to Articles 46 and 48 (Financial Statements and Dividends)	Management	For	Voted - For
8	Amendments to Article 51 (Market Relationships)	Management	For	Voted - For
9	Amendments to Articles (Special Provisions)	Management	For	Voted - For
10	Amendments to Articles (Controlling Shareholder Obligations)	Management	For	Voted - For
11	Amendments to Article 64 (Transitional Provisions)	Management	For	Voted - For
12	Instructions if Meeting is Held on Second Call	Management	Undetermined	Voted - For

CHINA SHENHUA ENERGY CO LTD

Security ID: B09N7M0

Ticker: 1088

Meeting Date: 22-Oct-21

1	New Mutual Coal Supply Agreement	Management	For	Voted - For
2	New Mutual Supplies and Services Agreement	Management	For	Voted - For

Meeting Date: 24-Jun-22

1	Authority to Repurchase H Shares	Management	For	Voted - For
1	Directors' Report	Management	For	Voted - For
2	Supervisors' Report	Management	For	Voted - For
3	Accounts and Reports	Management	For	Voted - For
4	Allocation of Profits/Dividends	Management	For	Voted - For
5	Directors' and Supervisors' Fees	Management	For	Voted - For

32

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

6	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - For
7	Elect LV Zhiren as Executive Director	Management	For	Voted - For
8	Elect TANG Chaoxiong as Supervisor	Management	For	Voted - Against
9	Revised Annual Caps under Framework Agreements	Management	For	Voted - For
10	Authority to Repurchase H Shares	Management	For	Voted - For

CK ASSET HOLDINGS LIMITED

Security ID: BYZQ077

Ticker: 1113

Meeting Date: 19-May-22

1	Accounts and Reports	Management	For	Voted - For
2	Allocation of Profits/Dividends	Management	For	Voted - For
3.1	Elect KAM Hing Lam	Management	For	Voted - For
3.2	Elect Davy CHUNG Sun Keung	Management	For	Voted - For
3.3	Elect Ezra PAU Yee Wan	Management	For	Voted - For
3.4	Elect Katherine HUNG Siu Lin	Management	For	Voted - For
3.5	Elect Colin S. Russel	Management	For	Voted - For
4	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - For
5.1	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - For
5.2	Authority to Repurchase Shares	Management	For	Voted - For

COMPASS GROUP PLC

Security ID: BD6K457

Ticker: CPG

Meeting Date: 03-Feb-22

1	Accounts and Reports	Management	For	Voted - For
2	Remuneration Policy	Management	For	Voted - For
3	Remuneration Report	Management	For	Voted - For
4	Final Dividend	Management	For	Voted - For
5	Elect Palmer Brown	Management	For	Voted - For
6	Elect Arlene Isaacs-Lowe	Management	For	Voted - For
7	Elect Sundar Raman	Management	For	Voted - For
8	Elect Ian K. Meakins	Management	For	Voted - For
9	Elect Dominic Blakemore	Management	For	Voted - For
10	Elect Gary Green	Management	For	Voted - For
11	Elect Carol Arrowsmith	Management	For	Voted - For
12	Elect Stefan Bomhard	Management	For	Voted - For
13	Elect John A. Bryant	Management	For	Voted - For
14	Elect Anne-Francoise Nesmes	Management	For	Voted - For
15	Elect Nelson Luíz Costa Silva	Management	For	Voted - For
16	Elect Ireena Vittal	Management	For	Voted - For
17	Appointment of Auditor	Management	For	Voted - For
18	Authority to Set Auditor's Fees	Management	For	Voted - For
19	Authorisation of Political Donations	Management	For	Voted - For
20	Authority to Issue Shares w/ Preemptive Rights	Management	For	Voted - For
21	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - For
22	Authority to Issue Shares w/o Preemptive Rights (Specified Capital Investment)	Management	For	Voted - For

33

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

23	Authority to Repurchase Shares	Management	For	Voted - For
24	Authority to Set General Meeting Notice Period at 14 Days	Management	For	Voted - For

CREDIT SUISSE GROUP AG

Security ID: 7171589

Ticker: CSGN

Meeting Date: 01-Oct-21

1.1	Elect Axel P. Lehmann	Management	For	Take No Action
1.2	Elect Juan Colombás	Management	For	Take No Action
1.3	Elect Juan Colombás as Compensation Committee Member	Management	For	Take No Action
2.1	Additional or Amended Shareholder Proposals	Shareholder	Undetermined	Take No Action
2.2	Additional or Amended Board Proposals	Management	Undetermined	Take No Action

Meeting Date: 29-Apr-22

1.1	Compensation Report	Management	For	Voted - For
1.2	Accounts and Reports	Management	For	Voted - For
2.1	Ratification of Board and Management Acts 2020 (Excluding Supply Chain Finance Funds Matter)	Management	For	Voted - Against
2.2	Ratification of Board and Management Acts 2021 (Excluding Supply Chain Finance Funds Matter)	Management	For	Voted - Against
3	Allocation of Profits/Dividends	Management	For	Voted - For
4	Increase in Authorised Capital	Management	For	Voted - Against
5.1.1	Elect Axel P. Lehmann as Board Chair	Management	For	Voted - For
5.1.2	Elect Iris Bohnet	Management	For	Voted - For
5.1.3	Elect Clare Brady	Management	For	Voted - For
5.1.4	Elect Christian Gellerstad	Management	For	Voted - For
5.1.5	Elect Michael Klein	Management	For	Voted - For
5.1.6	Elect Shan Li	Management	For	Voted - For
5.1.7	Elect Seraina Macia	Management	For	Voted - For
5.1.8	Elect Blythe Masters	Management	For	Voted - For
5.1.9	Elect Richard H. Meddings	Management	For	Voted - For
5.110	Elect Ana Paula Pessoa	Management	For	Voted - For
5.111	Elect Mirko Bianchi	Management	For	Voted - For
5.112	Elect Keyu Jin	Management	For	Voted - For
5.113	Elect Amanda Norton	Management	For	Voted - For
5.2.1	Elect Iris Bohnet as Compensation Committee Member	Management	For	Voted - For
5.2.2	Elect Christian Gellerstad as Compensation Committee Member	Management	For	Voted - For
5.2.3	Elect Michael Klein as Compensation Committee Member	Management	For	Voted - For
5.2.4	Elect Shan Li as Compensation Committee Member	Management	For	Voted - For
5.2.5	Elect Amanda Norton as Compensation Committee Member	Management	For	Voted - For
6.1	Board Compensation	Management	For	Voted - For
6.2.1	Executive Compensation (Variable)	Management	For	Voted - Against
6.2.2	Executive Compensation (Fixed)	Management	For	Voted - For
6.2.3	Executive Compensation (Share-Based Replacement Awards)	Management	For	Voted - For
7.1	Appointment of Auditor	Management	For	Voted - For
7.2	Appointment of Special Auditor	Management	For	Voted - For

34

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

7.3	Appointment of Independent Proxy	Management	For	Voted - For
8	Shareholder Proposal Regarding Special Audit	Shareholder	Against	Voted - Against
9	Shareholder Proposal Regarding Fossil Fuel Financing	Shareholder	Against	Voted - Against
10.1	Additional or Amended Shareholder Proposals	Shareholder	Undetermined	Voted - Abstain
10.2	Additional or Amended Board Proposals	Management	Undetermined	Voted - Abstain

DAITO TRUST CONSTRUCTION CO LTD

Security ID: 6250508

Ticker: 1878

Meeting Date: 28-Jun-22

1	Allocation of Profits/Dividends	Management	For	Voted - For
2	Amendments to Articles	Management	For	Voted - For

DAIWA SECURITIES GROUP INC

Security ID: 6251448

Ticker: 8601

Meeting Date: 28-Jun-22

1	Amendments to Articles	Management	For	Voted - For
2.1	Elect Takashi Hibino	Management	For	Voted - For
2.2	Elect Seiji Nakata	Management	For	Voted - For
2.3	Elect Toshihiro Matsui	Management	For	Voted - For
2.4	Elect Keiko Tashiro	Management	For	Voted - For
2.5	Elect Akihiko Ogino	Management	For	Voted - For
2.6	Elect Sachiko Hanaoka	Management	For	Voted - For
2.7	Elect Hiromasa Kawashima	Management	For	Voted - For
2.8	Elect Michiaki Ogasawara	Management	For	Voted - For
2.9	Elect Hirotaka Takeuchi	Management	For	Voted - For
2.10	Elect Ikuo Nishikawa	Management	For	Voted - For
2.11	Elect Eriko Kawai	Management	For	Voted - For
2.12	Elect Katsuyuki Nishikawa	Management	For	Voted - For
2.13	Elect Toshio Iwamoto	Management	For	Voted - For
2.14	Elect Yumiko Murakami	Management	For	Voted - For

DIRECT LINE INSURANCE GROUP PLC

Security ID: BY9D0Y1

Ticker: DLG

Meeting Date: 10-May-22

1	Accounts and Reports	Management	For	Voted - For
2	Remuneration Report	Management	For	Voted - For
3	Final Dividend	Management	For	Voted - For
4	Elect Tracy Corrigan	Management	For	Voted - For
5	Elect Danuta Gray	Management	For	Voted - For
6	Elect Mark Gregory	Management	For	Voted - For
7	Elect Penny J. James	Management	For	Voted - For
8	Elect Sebastian R. James	Management	For	Voted - For
9	Elect Adrian Joseph	Management	For	Voted - For

35

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

10	Elect Neil Manser	Management	For	Voted - For
11	Elect Fiona McBain	Management	For	Voted - For
12	Elect Gregor Stewart	Management	For	Voted - For
13	Elect Richard C. Ward	Management	For	Voted - For
14	Appointment of Auditor	Management	For	Voted - For
15	Authority to Set Auditor's Fees	Management	For	Voted - For
16	Authorisation of Political Donations	Management	For	Voted - For
17	Authority to Issue Shares w/ Preemptive Rights	Management	For	Voted - Against
18	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - Against
19	Authority to Issue Shares w/o Preemptive Rights (Specified Capital Investment)	Management	For	Voted - Against
20	Authority to Repurchase Shares	Management	For	Voted - For
21	Authority to Set General Meeting Notice Period at 14 Days	Management	For	Voted - For
22	Authority to Issue Restricted Tier 1 Capital Instruments w/ Preemptive Rights	Management	For	Voted - Against
23	Authority to Issue Restricted Capital Instruments w/o Preemptive Rights	Management	For	Voted - Against

EASYJET PLC

Security ID: B7KR2P8

Ticker: EZJ

Meeting Date: 10-Feb-22

1	Accounts and Reports	Management	For	Voted - For
2	Remuneration Policy	Management	For	Voted - For
3	Remuneration Report	Management	For	Voted - For
4	Elect Johan Lundgren	Management	For	Voted - For
5	Elect Kenton Jarvis	Management	For	Voted - For
6	Elect Stephen Hester	Management	For	Voted - For
7	Elect Andreas Bierwirth	Management	For	Voted - For
8	Elect Catherine Bradley	Management	For	Voted - For
9	Elect Nicholas Leeder	Management	For	Voted - For
10	Elect Julie Southern	Management	For	Voted - For
11	Elect Sheikh Mansurah Tal-At  (‘Moni’) Mannings	Management	For	Voted - For
12	Elect David Robbie	Management	For	Voted - For
13	Appointment of Auditor	Management	For	Voted - For
14	Authority to Set Auditor's Fees	Management	For	Voted - For
15	Authorisation of Political Donations	Management	For	Voted - Against
16	Authority to Issue Shares w/ Preemptive Rights	Management	For	Voted - For
17	Approval of Restricted Share Plan	Management	For	Voted - For
18	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - For
19	Authority to Repurchase Shares	Management	For	Voted - For
20	Authority to Set General Meeting Notice Period at 14 Days	Management	For	Voted - For

36

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

FRESENIUS SE & CO. KGAA

Security ID: 4352097

Ticker: FRE

Meeting Date: 13-May-22

1	Accounts and Reports	Management	For	Voted - For
2	Allocation of Profits/Dividends	Management	For	Voted - For
3	Ratification of General Partner Acts	Management	For	Voted - For
4	Ratification of Supervisory Board Acts	Management	For	Voted - For
5	Appointment of Auditor	Management	For	Voted - For
6	Remuneration Report	Management	For	Voted - For
7.1	Elect Susanne Zeidler	Management	For	Voted - For
7.2	Elect Christoph Zindel	Management	For	Voted - For
8	Elect Susanne Zeidler as Joint Committee Member	Management	For	Voted - For
9	Increase in Authorised Capital	Management	For	Voted - For
10	Authority to Issue Convertible Debt Instruments; Increase in Conditional Capital	Management	For	Voted - For
11	Authority to Repurchase and Reissue Shares	Management	For	Voted - For
12	Authority to Repurchase Shares Using Equity Derivatives	Management	For	Voted - For

GALAXY ENTERTAINMENT GROUP LTD.

Security ID: 6465874

Ticker: 27

Meeting Date: 12-May-22

1	Accounts and Reports	Management	For	Voted - For
2.1	Elect Paddy TANG Lui Wai Yu	Management	For	Voted - Against
2.2	Elect Charles CHEUNG Wai Bun	Management	For	Voted - Against
2.3	Elect Michael Mecca	Management	For	Voted - Against
2.4	Directors' Fees	Management	For	Voted - For
3	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - For
4.1	Authority to Repurchase Shares	Management	For	Voted - For
4.2	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - Against
4.3	Authority to Issue Repurchased Shares	Management	For	Voted - Against

GLAXOSMITHKLINE PLC

Security ID: BN7SWP6

Ticker: GSK

Meeting Date: 04-May-22

1	Accounts and Reports	Management	For	Voted - For
2	Remuneration Report	Management	For	Voted - For
3	Remuneration Policy	Management	For	Voted - For
4	Elect Anne Beal	Management	For	Voted - For
5	Elect Harry Dietz	Management	For	Voted - For
6	Elect Sir Jonathan R. Symonds	Management	For	Voted - For
7	Elect Emma N. Walmsley	Management	For	Voted - For
8	Elect Charles A. Bancroft	Management	For	Voted - For

37

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

9	Elect Manvinder S. Banga	Management	For	Voted - For
10	Elect Hal V. Barron	Management	For	Voted - For
11	Elect Dame Vivienne Cox	Management	For	Voted - For
12	Elect Lynn L. Elsenhans	Management	For	Voted - For
13	Elect Laurie H. Glimcher	Management	For	Voted - For
14	Elect Jesse Goodman	Management	For	Voted - For
15	Elect Iain J. Mackay	Management	For	Voted - For
16	Elect Urs Rohner	Management	For	Voted - For
17	Appointment of Auditor	Management	For	Voted - For
18	Authority to Set Auditor's Fees	Management	For	Voted - For
19	Authorisation of Political Donations	Management	For	Voted - For
20	Authority to Issue Shares w/ Preemptive Rights	Management	For	Voted - For
21	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - For
22	Authority to Issue Shares w/o Preemptive Rights (Specified Capital Investment)	Management	For	Voted - For
23	Authority to Repurchase Shares	Management	For	Voted - For
24	Approve exemption from statement of the senior statutory auditor's name in published auditors' reports	Management	For	Voted - For
25	Authority to Set General Meeting Notice Period at 14 Days	Management	For	Voted - For
26	Share Save Plan 2022	Management	For	Voted - For
27	Share Reward Plan 2022	Management	For	Voted - For
28	Adoption of New Articles	Management	For	Voted - For

HOLCIM LTD

Security ID: 7110753

Ticker: HOLN

Meeting Date: 04-May-22

1.1	Accounts and Reports	Management	For	Take No Action
1.2	Compensation Report	Management	For	Take No Action
2	Ratification of Board and Management Acts	Management	For	Take No Action
3.1	Allocation of Profits	Management	For	Take No Action
3.2	Allocation of Profits; Dividend from Reserves	Management	For	Take No Action
4.1.1	Elect Beat Hess as Board Chair	Management	For	Take No Action
4.1.2	Elect Philippe Block	Management	For	Take No Action
4.1.3	Elect Kim Fausing	Management	For	Take No Action
4.1.4	Elect Jan Jenisch	Management	For	Take No Action
4.1.5	Elect Naïna Lal Kidwai	Management	For	Take No Action
4.1.6	Elect Patrick Kron	Management	For	Take No Action
4.1.7	Elect Jürg Oleas	Management	For	Take No Action
4.1.8	Elect Claudia Sender Ramírez	Management	For	Take No Action
4.1.9	Elect Hanne Birgitte Breinbjerg Sørensen	Management	For	Take No Action
4.2.1	Elect Leanne Geale	Management	For	Take No Action
4.2.2	Elect Ilias Läber	Management	For	Take No Action
4.3.1	Elect Claudia Sender Ramírez as  Nominating, Compensation and Governance Committee Member	Management	For	Take No Action
4.3.2	Elect Hanne Birgitte Breinbjerg Sørensen as  Nominating, Compensation and Governance Committee Member	Management	For	Take No Action

38

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

4.4.1	Elect Ilias Läber as  Nominating, Compensation and Governance Committee Member	Management	For	Take No Action
4.4.2	Elect Jürg Oleas as  Nominating, Compensation and Governance Committee Member	Management	For	Take No Action
4.5.1	Appointment of Auditor	Management	For	Take No Action
4.5.2	Appointment of Independent Proxy	Management	For	Take No Action
5.1	Board Compensation	Management	For	Take No Action
5.2	Executive Compensation	Management	For	Take No Action
6	Advisory Vote on Climate Change Report	Management	For	Take No Action
7	Transaction of Other Business	Management	Undetermined	Take No Action

HSBC HOLDINGS PLC

Security ID: 0540528

Ticker: HSBA

Meeting Date: 29-Apr-22

1	Accounts and Reports	Management	For	Voted - For
2	Remuneration Report	Management	For	Voted - For
3	Remuneration Policy	Management	For	Voted - For
4.A	Elect Rachel Duan	Management	For	Voted - For
4.B	Elect Carolyn  Fairbairn	Management	For	Voted - For
4.C	Elect James J. Forese	Management	For	Voted - For
4.D	Elect Steven Guggenheimer	Management	For	Voted - For
4.E	Elect José Antonio Meade Kuribreña	Management	For	Voted - For
4.F	Elect Eileen Murray	Management	For	Voted - For
4.G	Elect David T. Nish	Management	For	Voted - For
4.H	Elect Noel Quinn	Management	For	Voted - For
4.I	Elect Ewen Stevenson	Management	For	Voted - For
4.J	Elect Jackson P. Tai	Management	For	Voted - For
4.K	Elect Mark E. Tucker	Management	For	Voted - For
5	Appointment of Auditor	Management	For	Voted - For
6	Authority to Set Auditor's Fees	Management	For	Voted - For
7	Authorisation of Political Donations	Management	For	Voted - For
8	Authority to Issue Shares w/ Preemptive Rights	Management	For	Voted - For
9	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - For
10	Authority to Issue Shares w/o Preemptive Rights (Specified Capital Investment)	Management	For	Voted - For
11	Authority to Issue Repurchased Shares	Management	For	Voted - For
12	Authority to Repurchase Shares	Management	For	Voted - For
13	Authority to Repurchase Shares Off-Market	Management	For	Voted - For
14	Authority to Issue Shares and Convertible Debt w/ Preemptive Rights	Management	For	Voted - For
15	Authority to Issue Shares and Convertible Debt w/o Preemptive Rights	Management	For	Voted - For
16	Renewal of Scrip Dividend authority	Management	For	Voted - For
17.A	Adoption of New Articles	Management	For	Voted - For
18	Authority to Set General Meeting Notice Period at 14 Days	Management	For	Voted - For
19	Shareholder Proposal Regarding Pension Scheme	Shareholder	Against	Voted - Against

39

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

ITOCHU CORPORATION

Security ID: 6467803

Ticker: 8001

Meeting Date: 24-Jun-22

1	Allocation of Profits/Dividends	Management	For	Voted - For
2	Amendments to Articles	Management	For	Voted - For
3.1	Elect Masahiro Okafuji	Management	For	Voted - For
3.2	Elect Keita Ishii	Management	For	Voted - For
3.3	Elect Fumihiko Kobayashi	Management	For	Voted - For
3.4	Elect Tsuyoshi Hachimura	Management	For	Voted - For
3.5	Elect Hiroyuki Tsubai	Management	For	Voted - For
3.6	Elect Hiroyuki Naka	Management	For	Voted - For
3.7	Elect Atsuko Muraki	Management	For	Voted - For
3.8	Elect Masatoshi Kawana	Management	For	Voted - For
3.9	Elect Makiko Nakamori	Management	For	Voted - For
3.10	Elect Kunio Ishizuka	Management	For	Voted - For
4	Elect Mitsuru Chino @ Mitsuru Ike as Statutory Auditor	Management	For	Voted - For
5	Directors' Fees and Bonus	Management	For	Voted - For
6	Statutory Auditors' Fees	Management	For	Voted - For

LLOYDS BANKING GROUP PLC

Security ID: 0870612

Ticker: LLOY

Meeting Date: 12-May-22

1	Accounts and Reports	Management	For	Voted - For
2	Elect Harmeen Mehta	Management	For	Voted - For
3	Elect Charles Alan Nunn	Management	For	Voted - For
4	Elect Robin F Budenberg	Management	For	Voted - For
5	Elect William Chalmers	Management	For	Voted - For
6	Elect Alan Dickinson	Management	For	Voted - For
7	Elect Sarah C. Legg	Management	For	Voted - For
8	Elect Lord Lupton	Management	For	Voted - For
9	Elect Amanda Mackenzie	Management	For	Voted - For
10	Elect Catherine Woods	Management	For	Voted - For
11	Remuneration Report	Management	For	Voted - For
12	Final Dividend	Management	For	Voted - For
13	Appointment of Auditor	Management	For	Voted - For
14	Authority to Set Auditor's Fees	Management	For	Voted - For
15	Employee Stock Purchase Plan	Management	For	Voted - For
16	Authorisation of Political Donations	Management	For	Voted - For
17	Authority to Issue Shares w/ Preemptive Rights	Management	For	Voted - For
18	Authority to Issue Shares and Convertible Debt w/ Preemptive Rights	Management	For	Voted - For
19	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - For
20	Authority to Issue Shares w/o Preemptive Rights (Specified Capital Investment)	Management	For	Voted - For

40

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

21	Authority to Issue Shares and Convertible Debt w/o Preemptive Rights	Management	For	Voted - For
22	Authority to Repurchase Shares	Management	For	Voted - For
23	Authority to Repurchase Preference Shares	Management	For	Voted - For
24	Authority to Set General Meeting Notice Period at 14 Days	Management	For	Voted - For

MITSUBISHI ELECTRIC CORPORATION

Security ID: 6597045

Ticker: 6503

Meeting Date: 29-Jun-22

1	Amendments to Articles	Management	For	Voted - For
2.1	Elect Mitoji Yabunaka	Management	For	Voted - For
2.2	Elect Hiroshi Obayashi	Management	For	Voted - For
2.3	Elect Kazunori Watanabe	Management	For	Voted - For
2.4	Elect Hiroko Koide	Management	For	Voted - For
2.5	Elect Takashi Oyamada	Management	For	Voted - Against
2.6	Elect Tatsuro Kosaka	Management	For	Voted - For
2.7	Elect Hiroyuki Yanagi	Management	For	Voted - For
2.8	Elect Kei Uruma	Management	For	Voted - For
2.9	Elect Tadashi Kawagoishi	Management	For	Voted - For
2.10	Elect Kuniaki Masuda	Management	For	Voted - For
2.11	Elect Jun Nagasawa	Management	For	Voted - For
2.12	Elect Kunihiko Kaga	Management	For	Voted - For

MTU AERO ENGINES AG

Security ID: B09DHL9

Ticker: MTX

Meeting Date: 05-May-22

2	Allocation of Profits/Dividends	Management	For	Voted - For
3	Ratification of Management Board Acts	Management	For	Voted - For
4	Ratification of Supervisory Board Acts	Management	For	Voted - For
5	Appointment of Auditor	Management	For	Voted - For
6	Supervisory Board Remuneration Policy	Management	For	Voted - For
7	Elect Gordon Riske as Supervisory Board Chair	Management	For	Voted - For
8	Remuneration Report	Management	For	Voted - For

NATWEST GROUP PLC

Security ID: B7T7721

Ticker: NWG

Meeting Date: 28-Apr-22

1	Accounts and Reports	Management	For	Voted - For
2	Remuneration Policy	Management	For	Voted - Against
3	Remuneration Report	Management	For	Voted - For
4	Final Dividend	Management	For	Voted - For
5	Elect Howard J. Davies	Management	For	Voted - For

41

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

6	Elect Alison Rose - Slade	Management	For	Voted - For
7	Elect Katie Murray	Management	For	Voted - For
8	Elect Frank E. Dangeard	Management	For	Voted - For
9	Elect Patrick Flynn	Management	For	Voted - For
10	Elect Morten Friis	Management	For	Voted - For
11	Elect Robert Gillespie	Management	For	Voted - For
12	Elect Yasmin Jetha	Management	For	Voted - For
13	Elect Mike Rogers	Management	For	Voted - For
14	Elect Mark Seligman	Management	For	Voted - For
15	Elect Lena Wilson	Management	For	Voted - For
16	Appointment of Auditor	Management	For	Voted - For
17	Authority to Set Auditor's Fees	Management	For	Voted - For
18	Authority to Issue Shares w/ Preemptive Rights	Management	For	Voted - For
19	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - For
20	Authority to Issue Shares w/o Preemptive Rights (Specified Capital Investment)	Management	For	Voted - For
21	Authority to Issue Shares and Convertible Debt w/ Preemptive Rights	Management	For	Voted - For
22	Authority to Issue Shares and Convertible Debt w/o Preemptive Rights	Management	For	Voted - For
23	Authority to Set General Meeting Notice Period at 14 Days	Management	For	Voted - For
24	Authorisation of Political Donations	Management	For	Voted - For
25	Authority to Repurchase Shares	Management	For	Voted - For
26	Authority to Repurchase Shares from HM Treasury	Management	For	Voted - For
27	Authority to Repurchase Preference Shares Off-Market	Management	For	Voted - For
28	Management Proposal Regarding Approval of the Company's Climate Strategy	Management	For	Voted - For

NOKIA CORP

Security ID: 5902941

Ticker: NOKIA

Meeting Date: 05-Apr-22

7	Accounts and Reports	Management	For	Voted - For
8	Allocation of Profits/Dividends	Management	For	Voted - For
8.A	Minority Dividend	Shareholder	Undetermined	Voted - Abstain
9	Ratification of Board and CEO Acts	Management	For	Voted - For
10	Remuneration Report	Management	For	Voted - For
11	Directors' Fees	Management	For	Voted - For
12	Board Size	Management	For	Voted - For
13	Election of Directors	Management	For	Voted - For
14	Authority to Set Auditor's Fees	Management	For	Voted - For
15	Appointment of Auditor	Management	For	Voted - For
16	Authority to Repurchase Shares	Management	For	Voted - For
17	Authority to Issue Shares w/ or w/o Preemptive Rights	Management	For	Voted - For

42

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

NOMURA HOLDINGS

Security ID: 6643108

Ticker: 8604

Meeting Date: 20-Jun-22

1	Amendments to Articles	Management	For	Voted - For
2.1	Elect Koji Nagai	Management	For	Voted - For
2.2	Elect Kentaro Okuda	Management	For	Voted - For
2.3	Elect Tomoyuki Teraguchi	Management	For	Voted - For
2.4	Elect Shoji Ogawa	Management	For	Voted - For
2.5	Elect Kazuhiko Ishimura	Management	For	Voted - For
2.6	Elect Takahisa Takahara	Management	For	Voted - Against
2.7	Elect Noriaki Shimazaki	Management	For	Voted - For
2.8	Elect Mari Sono	Management	For	Voted - For
2.9	Elect Laura S. Unger	Management	For	Voted - For
2.10	Elect Victor Chu Lap Lik	Management	For	Voted - For
2.11	Elect J. Christopher Giancarlo	Management	For	Voted - For
2.12	Elect Patricia Mosser	Management	For	Voted - For

PETROLEO BRASILEIRO S.A. PETROBRAS

Security ID: 2616580

Ticker: PBR

Meeting Date: 27-Aug-21

1.	Election of Directors	Management	For	Voted - For
2.	Approve Recasting of Votes for Amended Slate	Management	For	Voted - Against
3.	Request Cumulative Voting	Management	Against	Voted - For
4A.	Allocate Cumulative Votes to Eduardo Bacellar Leal Ferreira	Management	Against	Voted - Abstain
4B.	Allocate Cumulative Votes to Joaquim Silva e Luna	Management	Against	Voted - Abstain
4C.	Allocate Cumulative Votes to Ruy Flaks Schneider	Management	Against	Voted - For
4D.	Allocate Cumulative Votes to Sonia Julia Sulzbeck Villalobos	Management	Against	Voted - For
4E.	Allocate Cumulative Votes to Márcio Andrade Weber	Management	Against	Voted - For
4F.	Allocate Cumulative Votes to Murilo Marroquim de Souza	Management	Against	Voted - For
4G.	Allocate Cumulative Votes to Cynthia Santana Silveira	Management	Against	Voted - For
4H.	Allocate Cumulative Votes to Carlos Eduardo Lessa Brandão	Management	Against	Voted - For
4I.	Allocate Cumulative Votes to José João Abdalla Filho	Management	Against	Voted - Abstain
4J.	Allocate Cumulative Votes to Marcelo Gasparino da Silva	Management	Against	Voted - For
4K.	Allocate Cumulative Votes to Pedro Rodrigues Galvão de Medeiros	Management	Against	Voted - For
5.	Elect Eduardo Bacellar Leal Ferreira as Chair	Management	For	Voted - For
6.	Elect Jeferson Luís Bittencourt as Supervisory Council Member	Management	For	Voted - For
7.	Ratify Updated Audit Committee Remuneration Amount (FY2021)	Management	For	Voted - For

43

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

8.	Ratify Updated Advisory Committees Remuneration Amount (FY2021)	Management	For	Voted - For
9.	Instructions if Meeting is Held on Second Call	Management	For	Voted - Against

Meeting Date: 13-Apr-22

1	Accounts and Reports	Management	For	Voted - For
2	Allocation of Profits/Dividends	Management	For	Voted - For
3	Board Size	Management	For	Voted - For
4	Election of Directors	Management	For	Voted - For
5	Approve Recasting of Votes for Amended Slate	Management	Undetermined	Voted - Against
6	Request Cumulative Voting	Management	Undetermined	Voted - For
7a	Allocation of Votes to Luiz Rodolfo Landim Machado	Management	Undetermined	Voted - For
7b	Allocate Cumulative Votes to Adriano José Pires Rodrigues	Management	Undetermined	Voted - For
7c	Allocation of Votes to Carlos Eduardo Lessa Brandão	Management	Undetermined	Voted - For
7d	Allocate Cumulative Votes to Eduardo Karrer	Management	Undetermined	Voted - For
7e	Allocation of Votes to Luiz Henrique Caroli	Management	Undetermined	Voted - Abstain
7f	Allocation of Votes to Márcio Andrade Weber	Management	Undetermined	Voted - For
7g	Allocation of Votes to Ruy Flaks Schneider	Management	Undetermined	Voted - For
7h	Allocation of Votes to Sonia Julia Sulzbeck Villalobos	Management	Undetermined	Voted - For
7i	Allocation of Votes to José João Abdalla Filho	Management	Undetermined	Voted - For
7j	Allocation of Votes to Marcelo Gasparino da Silva	Management	Undetermined	Voted - For
7l	Elect Ana Marta Veloso as Board Member Presented by Minority Shareholders	Management	Undetermined	Voted - Abstain
7m	Elect Rodrigo Mesquita Pereira as Board Member Presented by Minority Shareholders	Management	Undetermined	Voted - Abstain
7n	Elect Francisco Petros Oliveira Lima Papathanasiadis as Board Member Presented by Minority Shareholders	Management	Undetermined	Voted - Abstain
8	Elect Luiz Rodolfo Landim Machado as Board Chair	Management	For	Voted - For
9	Supervisory Council Size	Management	For	Voted - For
10a	Election of Supervisory Council	Management	For	Voted - Abstain
10b	Approve Recasting of Votes for Amended Supervisory Council Slate	Management	Undetermined	Voted - Against
10c	Elect Michele da Silva Gonsales Torres to the Supervisory Council Presented by Minority Shareholders	Management	Undetermined	Voted - For
11	Remuneration Policy	Management	For	Voted - For
12	Instructions if Meeting is Held on Second Call	Management	Undetermined	Voted - Against
E1	Amendments to Articles; Consolidation of Articles	Management	For	Voted - For
E2	Instructions if Meeting is Held on Second Call	Management	Undetermined	Voted - For

POSCO

Security ID: 6693233

Ticker: 005490

Meeting Date: 28-Jan-22

1	Spin-off	Management	For	Voted - Against
1.	Spin-off	Management	For	Voted - Against

44

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

POSCO HOLDINGS INC

Security ID: 2692795

Ticker: PKX

Meeting Date: 18-Mar-22

1.	Financial Statements and Allocation of Profits/Dividends	Management	For	Voted - For
2.1	Elect CHON Jung Son	Management	For	Voted - Against
2.2	Elect CHUNG Chang Hwa	Management	For	Voted - Against
2.3	Elect YOO Byung Ok	Management	For	Voted - Against
3.1	Elect of Non-executive Director: KIM Hag Dong	Management	For	Voted - Against
4.1	Elect SON Sung Gyu	Management	For	Voted - Against
4.2	Elect YOO Jin Nyoung	Management	For	Voted - Against
4.3	Elect PARK Heui Jae	Management	For	Voted - Against
5.1	Election of Audit Committee Member: SON Sung Gyu	Management	For	Voted - Against
5.2	Election of Audit Committee Member: YOO Jin Nyoung	Management	For	Voted - Against
6.	Directors' Fees	Management	For	Voted - Against

POSCO HOLDINGS INC

Security ID: 6693233

Ticker: 005490

Meeting Date: 18-Mar-22

1	Financial Statements and Allocation of Profits/Dividends	Management	For	Voted - For
2.1	Elect CHON Jung Son	Management	For	Voted - Against
2.2	Elect CHUNG Chang Hwa	Management	For	Voted - Against
2.3	Elect YOO Byung Ok	Management	For	Voted - Against
3	Elect of Non-executive Director: KIM Hag Dong	Management	For	Voted - Against
4.1	Elect SON Sung Gyu	Management	For	Voted - Against
4.2	Elect YOO Jin Nyoung	Management	For	Voted - Against
4.3	Elect PARK Heui Jae	Management	For	Voted - Against
5.1	Election of Audit Committee Member: SON Sung Gyu	Management	For	Voted - Against
5.2	Election of Audit Committee Member: YOO Jin Nyoung	Management	For	Voted - Against
6	Directors' Fees	Management	For	Voted - Against

PT BANK MANDIRI (PERSERO) TBK

Security ID: 6651048

Ticker: BMRI

Meeting Date: 10-Mar-22

1	Accounts and Reports	Management	For	Voted - For
2	Allocation of Profits/Dividends	Management	For	Voted - For
3	Directors' and Commissioners' Fees	Management	For	Voted - Against
4	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - Against
5	Ratification of Ministerial Regulation	Management	For	Voted - For
6	Ratification of Ministerial Regulation	Management	For	Voted - For
7	Transfer of Treasury Shares to Employee under the Employee Stock Ownership Program	Management	For	Voted - Against

45

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

8 Election of Directors and/or Commissioners (Slate) Management For Voted - Against

QBE INSURANCE GROUP

Security ID: 6715740

Ticker: QBE

Meeting Date: 05-May-22

2	Remuneration Report	Management	For	Voted - For
3	Equity Grant (Group CEO Andrew Horton)	Management	For	Voted - For
4	Approve Increase in NEDs' Fee Cap	Management	Undetermined	Voted - For
5.A	Re-elect Rolf Tolle	Management	For	Voted - For
5.B	Elect Yasmin Allen	Management	For	Voted - For
6.A	Shareholder Proposal Regarding Facilitating Nonbinding Proposals	Shareholder	Against	Voted - Against
6.B	Shareholder Proposal Regarding Disclosure Concerning Reducing Investments and Underwriting Exposure to Fossil Fuel Assets	Shareholder	Against	Voted - Against

RENAISSANCERE HOLDINGS LTD

Security ID: 2728429

Ticker: RNR

Meeting Date: 16-May-22

1A.	Elect Shyam Gidumal	Management	For	Voted - For
1B.	Elect Henry Klehm III	Management	For	Voted - For
1C.	Elect Val Rahmani	Management	For	Voted - For
1D.	Elect Carol P. Sanders	Management	For	Voted - For
1E.	Elect Cynthia Mary Trudell	Management	For	Voted - For
2.	Advisory Vote on Executive Compensation	Management	For	Voted - For
3.	Amendment to the 2016 Long-Term Incentive Plan	Management	For	Voted - For
4.	Ratification of Auditor	Management	For	Voted - For

ROYAL DUTCH SHELL PLC

Security ID: BP6MXD8

Ticker: SHEL

Meeting Date: 10-Dec-21

1 Adoption of New Articles Management For Voted - For

SAFRAN SA

Security ID: B058TZ6

Ticker: SAF

Meeting Date: 25-May-22

1	Accounts and Reports; Non Tax-Deductible Expenses	Management	For	Voted - For
2	Consolidated Accounts and Reports	Management	For	Voted - For
3	Allocation of Profits/Dividends	Management	For	Voted - For
4	Elect Monique Cohen	Management	For	Voted - For
5	Elect F&P (Robert Peugeot)	Management	For	Voted - For

46

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

6	Appointment of Auditor (Mazars); Non Renewal of Alternate Auditor (Gilles Rainaut)	Management	For	Voted - For
7	Appointment of Auditor (Ernst & Young); Non-Renewal of Auditor (Auditex)	Management	For	Voted - For
8	2022 Remuneration of Ross McInnes, Chair	Management	For	Voted - For
9	2022 Remuneration of  Olivier Andriès, CEO	Management	For	Voted - For
10	2022 Remuneration Report	Management	For	Voted - For
11	2022 Directors' Fees	Management	For	Voted - For
12	2022 Remuneration Policy (Chair)	Management	For	Voted - For
13	2022 Remuneration Policy (CEO)	Management	For	Voted - For
14	2022 Remuneration Policy (Board of Directors)	Management	For	Voted - For
15	Authority to Repurchase and Reissue Shares	Management	For	Voted - For
16	Amendments to Articles Regarding the Company's Duration	Management	For	Voted - For
17	Authorisation of Legal Formalities	Management	For	Voted - For

SAMSUNG ELECTRONICS

Security ID: 6771720

Ticker: 005930

Meeting Date: 16-Mar-22

1	Financial Statements and Allocation of Profits/Dividends	Management	For	Voted - For
2.1.1	Elect KIM Han Jo	Management	For	Voted - For
2.1.2	Elect HAN Wha Jin	Management	For	Voted - For
2.1.3	Elect KIM Jun Sung	Management	For	Voted - For
2.2.1	Elect KYUNG Kye Hyun	Management	For	Voted - For
2.2.2	Elect ROH Tae Moon	Management	For	Voted - For
2.2.3	Elect PARK Hark Kyu	Management	For	Voted - For
2.2.4	Elect LEE Jung Bae	Management	For	Voted - For
2.3.1	Election of Audit Committee Member: KIM Han Jo	Management	For	Voted - For
2.3.2	Election of Audit Committee Member: KIM Jeong Hun	Management	For	Voted - For
3	Directors' Fees	Management	For	Voted - For
1	Financial Statements and Allocation of Profits/Dividends	Management	For	Voted - For
2.1.1	Elect KIM Han Jo	Management	For	Voted - For
2.1.2	Elect HAN Wha Jin	Management	For	Voted - For
2.1.3	Elect KIM Jun Sung	Management	For	Voted - For
2.2.1	Elect KYUNG Kye Hyun	Management	For	Voted - For
2.2.2	Elect ROH Tae Moon	Management	For	Voted - For
2.2.3	Elect PARK Hark Kyu	Management	For	Voted - For
2.2.4	Elect LEE Jung Bae	Management	For	Voted - For
2.3.1	Election of Audit Committee Member: KIM Han Jo	Management	For	Voted - For
2.3.2	Election of Audit Committee Member: KIM Jeong Hun	Management	For	Voted - For
3	Directors' Fees	Management	For	Voted - For

47

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

SANDS CHINA LTD

Security ID: B5B23W2

Ticker: 1928

Meeting Date: 20-May-22

1	Accounts and Reports	Management	For	Voted - For
2.A	Elect WONG Ying Wai	Management	For	Voted - Against
2.B	Elect Rachel CHIANG Yun	Management	For	Voted - Against
2.C	Elect Victor Patrick Hoog Antink	Management	For	Voted - For
2.D	Directors' Fees	Management	For	Voted - For
3	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - For
4	Authority to Repurchase Shares	Management	For	Voted - For
5	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - Against
6	Authority to Issue Repurchased Shares	Management	For	Voted - Against

SHELL PLC

Security ID: BP6MXD8

Ticker: SHEL

Meeting Date: 24-May-22

1.	Accounts and Reports	Management	For	Voted - For
2.	Remuneration Report	Management	For	Voted - For
3.	Elect Sinead Gorman	Management	For	Voted - For
4.	Elect Ben Van Beurden	Management	For	Voted - For
5.	Elect Dick Boer	Management	For	Voted - For
6.	Elect Neil A.P. Carson	Management	For	Voted - For
7.	Elect Ann F. Godbehere	Management	For	Voted - For
8.	Elect Euleen Y.K. GOH	Management	For	Voted - For
9.	Elect Jane H. Lute	Management	For	Voted - For
10.	Elect Catherine J. Hughes	Management	For	Voted - For
11.	Elect Martina Hund-Mejean	Management	For	Voted - For
12.	Elect Andrew Mackenzie	Management	For	Voted - For
13.	Elect Abraham Schot	Management	For	Voted - For
14.	Appointment of Auditor	Management	For	Voted - For
15.	Authority to Set Auditor's Fees	Management	For	Voted - For
16.	Authority to Issue Shares w/ Preemptive Rights	Management	For	Voted - For
17.	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - For
18.	Authority to Repurchase Shares	Management	For	Voted - For
19.	Authority to Repurchase Shares (Off-Market)	Management	For	Voted - For
20.	Approval of the Energy Transition Strategy	Management	For	Voted - For
21	Shareholder Proposal Regarding GHG Reduction Targets	Shareholder	Against	Voted - Against

SHINHAN FINANCIAL GROUP CO. LTD.

Security ID: 2730800

Ticker: SHG

Meeting Date: 24-Mar-22

1. Financial Statements and Allocation of Profits/Dividends Management For Voted - For

48

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

2.1	Elect PARK An Soon	Management	For	Voted - For
2.2	Elect BYEON Yang Ho	Management	For	Voted - For
2.3	Elect SUNG Jae Ho	Management	For	Voted - For
2.4	Elect YOON Jae Won	Management	For	Voted - For
2.5	Elect LEE Yoon Jae	Management	For	Voted - For
2.6	Elect JIN Hyun Duk	Management	For	Voted - For
2.7	Elect HUH Yong Hak	Management	For	Voted - For
2.8	Elect KIM Jo Seol	Management	For	Voted - For
3.1	Election of Audit Committee Member: BAE Hoon	Management	For	Voted - For
3.2	Election of Audit Committee Member: SUNG Jae Ho	Management	For	Voted - For
3.3	Election of Audit Committee Member: YOON Jae Won	Management	For	Voted - For
4.	Directors' Fees	Management	For	Voted - For

SK HYNIX INC

Security ID: 6450267

Ticker: 000660

Meeting Date: 30-Mar-22

1	Financial Statements and Allocation of Profits/Dividends	Management	For	Voted - Against
2	Amendments to Articles	Management	For	Voted - For
3	Share Option Grant	Management	For	Voted - For
4	Share Options Previously Granted by Board Resolution	Management	For	Voted - For
5.1	Elect KWAK Noh Jeong	Management	For	Voted - For
5.2	Elect NOH Jong Won	Management	For	Voted - For
6	Elect HA Yung Ku	Management	For	Voted - Against
7	Election of Audit Committee Member: HA Yung Ku	Management	For	Voted - Against
8	Directors' Fees	Management	For	Voted - Against

SK SQUARE

Security ID: BMG3GS6

Ticker: 402340

Meeting Date: 28-Mar-22

1	Financial Statements and Allocation of Profits/Dividends	Management	For	Voted - Against
2	Directors' Fees	Management	For	Voted - For

SK TELECOM CO LTD

Security ID: 6224871

Ticker: 017670

Meeting Date: 12-Oct-21

1.	Amendments to Articles	Management	For	Voted - For
2.	Spin-off	Management	For	Voted - For
3.	Elect CHOI Kyu Nam	Management	For	Voted - For

49

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

SOCIETE GENERALE S.A.

Security ID: 5966516

Ticker: GLE

Meeting Date: 17-May-22

1	Consolidated Accounts and Reports	Management	For	Voted - For
2	Accounts and Reports; Non Tax-Deductible Expenses	Management	For	Voted - For
3	Allocation of Profits/Dividends	Management	For	Voted - For
4	Special Auditors Report on Regulated Agreements	Management	For	Voted - For
5	2022 Remuneration Policy (Chair)	Management	For	Voted - For
6	2022 Remuneration Policy (CEO and Deputy CEO)	Management	For	Voted - For
7	2022 Remuneration Policy (Board of Directors)	Management	For	Voted - For
8	2021 Remuneration Report	Management	For	Voted - For
9	2021 Remuneration of Lorenzo Bini Smaghi, Chair	Management	For	Voted - For
10	2021 Remuneration of Frédéric Oudéa, CEO	Management	For	Voted - For
11	2021 Remuneration of Philippe Aymerich, Deputy CEO	Management	For	Voted - For
12	2021 Remuneration of Diony Lebot, Deputy CEO	Management	For	Voted - For
13	Remuneration of Identified Staff	Management	For	Voted - For
14	Elect Lorenzo Bini Smaghi	Management	For	Voted - For
15	Elect Jérôme Contamine	Management	For	Voted - For
16	Elect Diane Côté	Management	For	Voted - For
17	Authority to Repurchase and Reissue Shares	Management	For	Voted - For
18	Authority to Issue Shares and Convertible Debt w/ Preemptive Rights	Management	For	Voted - For
19	Authority to Issue Shares and Convertible Debt w/o Preemptive Rights and to Increase Capital in Case of Exchange Offers	Management	For	Voted - For
20	Authority to Increase Capital in Consideration for Contributions In Kind	Management	For	Voted - For
21	Employee Stock Purchase Plan	Management	For	Voted - For
22	Authority to Issue Performance Shares (Identified Staff)	Management	For	Voted - For
23	Authority to Issue Performance Shares (Employees excluding Identified Staff)	Management	For	Voted - For
24	Authority to Cancel Shares and Reduce Capital	Management	For	Voted - For
25	Authorisation of Legal Formalities	Management	For	Voted - For

SUBARU CORPORATION

Security ID: 6356406

Ticker: 7270

Meeting Date: 22-Jun-22

1	Allocation of Profits/Dividends	Management	For	Voted - For
2	Amendments to Articles	Management	For	Voted - For
3.1	Elect Tomomi Nakamura	Management	For	Voted - For
3.2	Elect Kazuo Hosoya	Management	For	Voted - For
3.3	Elect Katsuyuki Mizuma	Management	For	Voted - For
3.4	Elect Tetsuo Onuki	Management	For	Voted - For
3.5	Elect Atsushi Osaki	Management	For	Voted - For
3.6	Elect Fumiaki Hayata	Management	For	Voted - For

50

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

3.7	Elect Yasuyuki Abe	Management	For	Voted - For
3.8	Elect Natsunosuke Yago	Management	For	Voted - For
3.9	Elect Miwako Doi	Management	For	Voted - For
4	Elect Yuri Furusawa as Statutory Auditor	Management	For	Voted - For
5	Elect Hirohisa Ryu as Alternate Statutory Auditor	Management	For	Voted - For
6	Amendment to Restricted Stock Plan	Management	For	Voted - For

TAIHEIYO CEMENT CORPORATION

Security ID: 6660204

Ticker: 5233

Meeting Date: 29-Jun-22

1	Allocation of Profits/Dividends	Management	For	Voted - For
2	Amendments to Articles	Management	For	Voted - For
3.1	Elect Masafumi Fushihara	Management	For	Voted - For
3.2	Elect Yuichi Kitabayashi	Management	For	Voted - For
3.3	Elect Kunihiro Ando	Management	For	Voted - For
3.4	Elect Tetsuya Ohashi	Management	For	Voted - For
3.5	Elect Hideaki Asakura	Management	For	Voted - For
3.6	Elect Yukimasa Nakano	Management	For	Voted - For
3.7	Elect Yoshiko Koizumi	Management	For	Voted - For
3.8	Elect Shinhachiro Emori	Management	For	Voted - For
3.9	Elect Hideyuki Furikado	Management	For	Voted - For
4	Elect Masahiro Karino as Statutory Auditor	Management	For	Voted - Against
5	Elect Toshihito Aoki as Alternate Statutory Auditor	Management	For	Voted - For

TAYLOR WIMPEY

Security ID: 0878230

Ticker: TW

Meeting Date: 26-Apr-22

1	Accounts and Reports	Management	For	Voted - For
2	Final Dividend	Management	For	Voted - For
3	Elect Irene M. Dorner	Management	For	Voted - For
4	Elect Jennie Daly	Management	For	Voted - For
5	Elect Chris Carney	Management	For	Voted - For
6	Elect Robert M. Noel	Management	For	Voted - For
7	Elect Humphrey S.M. Singer	Management	For	Voted - For
8	Elect Jitesh K. Gadhia	Management	For	Voted - For
9	Elect Scilla Grimble	Management	For	Voted - For
10	Appointment of Auditor	Management	For	Voted - For
11	Authority to Set Auditor's Fees	Management	For	Voted - For
12	Authority to Issue Shares w/ Preemptive Rights	Management	For	Voted - For
13	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - For
14	Authority to Issue Shares w/o Preemptive Rights (Specified Capital Investment)	Management	For	Voted - For
15	Authority to Repurchase Shares	Management	For	Voted - For
16	Remuneration Report	Management	For	Voted - For
17	Authorisation of Political Donations	Management	For	Voted - For

51

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

18 Authority to Set General Meeting Notice Period at 14 Days Management For Voted - For

TECHNIPFMC PLC

Security ID: BDSFG98

Ticker: FTI

Meeting Date: 29-Apr-22

1A.	Elect Douglas J. Pferdehirt	Management	For	Voted - For
1B.	Elect Eleazar de Carvalho Filho	Management	For	Voted - For
1C.	Elect Claire S. Farley	Management	For	Voted - For
1D.	Elect Peter Mellbye	Management	For	Voted - For
1E.	Elect John C.G. O'Leary	Management	For	Voted - For
1F.	Elect Margareth Øvrum	Management	For	Voted - For
1G.	Elect Kay G. Priestly	Management	For	Voted - For
1H.	Elect John Yearwood	Management	For	Voted - For
1I.	Elect Sophie Zurquiyah	Management	For	Voted - For
2.	Advisory Vote on Executive Compensation	Management	For	Voted - For
3.	Remuneration Report	Management	For	Voted - For
4.	U.K. Annual Accounts and Reports	Management	For	Voted - For
5.	Ratification of U.S. Auditor	Management	For	Voted - For
6.	Re-appointment of U.K. Auditor	Management	For	Voted - For
7.	U.K. Statutory Auditor Fees	Management	For	Voted - For
8.	Approval of the 2022 Incentive Award Plan	Management	For	Voted - For
9.	Authority to Issue Shares w/ Preemptive Rights	Management	For	Voted - For
10.	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - For

TOTALENERGIES SE

Security ID: B15C557

Ticker: TTE

Meeting Date: 25-May-22

1	Accounts and Reports	Management	For	Voted - For
2	Consolidated Accounts and Reports	Management	For	Voted - For
3	Allocation of Profits/Dividends	Management	For	Voted - For
4	Authority to Repurchase and Reissue Shares	Management	For	Voted - For
5	Special Auditors Report on Regulated Agreements	Management	For	Voted - For
6	Elect Lise Croteau	Management	For	Voted - For
7	Elect Maria van der Hoeven	Management	For	Voted - For
8	Elect Jean Lemierre	Management	For	Voted - For
9	Elect Emma de Jonge	Management	For	Voted - For
A	Elect Marina Delendik	Management	Against	Voted - Against
B	Elect Alexandre Garrot	Management	Against	Voted - Against
C	Elect Agueda Marin	Management	Against	Voted - Against
10	2021 Remuneration Report	Management	For	Voted - For
11	2022 Remuneration Policy (Board of Directors)	Management	For	Voted - For
12	2021 Remuneration of Patrick Pouyanné, Chair and CEO	Management	For	Voted - For
13	2022 Remuneration Policy (Chair and CEO)	Management	For	Voted - For
14	Appointment of Auditor (Ernst & Young)	Management	For	Voted - For
15	Appointment of Auditor (PricewaterhouseCoopers)	Management	For	Voted - For

52

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

16	Opinion on 2022 Sustainability and Climate Progress Report	Management	For	Voted - For
17	Authority to Issue Shares and Convertible Debt w/ Preemptive Rights	Management	For	Voted - For
18	Authority to Issue Shares and Convertible Debt w/o Preemptive Rights	Management	For	Voted - For
19	Authority to Issue Shares and Convertible Debt Through Private Placement	Management	For	Voted - For
20	Greenshoe	Management	For	Voted - For
21	Authority to Increase Capital in Consideration for Contributions In Kind (France)	Management	For	Voted - For
22	Employee Stock Purchase Plan	Management	For	Voted - For
23	Authority to Cancel Shares and Reduce Capital	Management	For	Voted - For

UBS GROUP AG

Security ID: BRJL176

Ticker: UBSG

Meeting Date: 06-Apr-22

1	Accounts and Reports	Management	For	Voted - For
2	Compensation Report	Management	For	Voted - For
3	Advisory Vote on UBS Climate Roadmap	Management	For	Voted - Abstain
4	Allocation of Profits/Dividends	Management	For	Voted - For
5	Ratification of Board and Management Acts (Excluding French Cross-Border Matter)	Management	For	Voted - For
6.1	Elect Jeremy Anderson	Management	For	Voted - For
6.2	Elect Claudia Böckstiegel	Management	For	Voted - For
6.3	Elect William C. Dudley	Management	For	Voted - For
6.4	Elect Patrick Firmenich	Management	For	Voted - For
6.5	Elect Fred Zuliu HU	Management	For	Voted - For
6.6	Elect Mark Hughes	Management	For	Voted - For
6.7	Elect Nathalie Rachou	Management	For	Voted - For
6.8	Elect Julie G. Richardson	Management	For	Voted - For
6.9	Elect Dieter Wemmer	Management	For	Voted - For
6.10	Elect Jeanette Wong	Management	For	Voted - For
7.1	Elect Lukas Gähwiler	Management	For	Voted - For
7.2	Elect Colm Kelleher as Board Chair	Management	For	Voted - For
8.1	Elect Julie G. Richardson as Compensation Committee Member	Management	For	Voted - For
8.2	Elect Dieter Wemmer as Compensation Committee Member	Management	For	Voted - For
8.3	Elect Jeanette Wong as Compensation Committee Member	Management	For	Voted - For
9.1	Board Compensation	Management	For	Voted - For
9.2	Executive Compensation (Variable)	Management	For	Voted - For
9.3	Executive Compensation (Fixed)	Management	For	Voted - For
10.1	Appointment of Independent Proxy	Management	For	Voted - For
10.2	Appointment of Auditor	Management	For	Voted - For
11	Cancellation of Shares and Reduction in Share Capital	Management	For	Voted - For
12	Authority to Repurchase Shares	Management	For	Voted - For

53

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

UNICREDIT SPA

Security ID: BYMXPS7

Ticker: UCG

Meeting Date: 08-Apr-22

O.1	Accounts and Reports	Management	For	Voted - For
O.2	Allocation of Profits/Dividends	Management	For	Voted - For
O.3	Elimination of Negative Reserves	Management	For	Voted - For
O.4	Authority to Repurchase Shares	Management	For	Voted - For
O.5.1	List Presented by Allianz Finance II Luxemburg	Management	Undetermined
O.5.2	List Presented by Group of Institutional Investors Representing 1.12% of Share Capital	Management	Undetermined	Voted - For
O.6	Statutory Auditors' Fees	Management	For	Voted - For
O.7	Remuneration Policy	Management	For	Voted - Against
O.8	Remuneration Report	Management	For	Voted - Against
O.9	2022 Group Incentive System	Management	For	Voted - Against
O.10	Amendments to Group Incentive Plans	Management	For	Voted - For
E.1	Amendments to Article 6 (Share Capital and Shares)	Management	For	Voted - For
E.2	Amendments to Articles	Management	For	Voted - For
E.3	Cancellation of Shares	Management	For	Voted - For

VINCI

Security ID: B1XH026

Ticker: DG

Meeting Date: 12-Apr-22

1	Consolidated Accounts and Reports	Management	For	Voted - For
2	Accounts and Reports; Non Tax-Deductible Expenses	Management	For	Voted - For
3	Allocation of Profits/Dividends	Management	For	Voted - For
4	Elect Xavier Huillard	Management	For	Voted - For
5	Elect  Marie-Christine Lombard	Management	For	Voted - For
6	Elect René Médori	Management	For	Voted - For
7	Elect Qatar Holding LLC (Abdullah Hamad Al-Attiyah)	Management	For	Voted - For
8	Elect Claude Laruelle	Management	For	Voted - For
9	Relocation of Corporate Headquarters	Management	For	Voted - For
10	Authority to Repurchase and Reissue Shares	Management	For	Voted - For
11	2022 Remuneration Policy (Board of Directors)	Management	For	Voted - For
12	2022 Remuneration Policy (Executives)	Management	For	Voted - For
13	2021 Remuneration Report	Management	For	Voted - For
14	2021 Remuneration of Xavier Huillard, Chair and CEO	Management	For	Voted - For
15	Authority to Cancel Shares and Reduce Capital	Management	For	Voted - For
16	Employee Stock Purchase Plan	Management	For	Voted - For
17	Stock Purchase Plan for Overseas Employees	Management	For	Voted - For
18	Authorisation of Legal Formalities	Management	For	Voted - For

54

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

WEIBO CORP

Security ID: BLLJ4H7

Ticker: WB

Meeting Date: 01-Dec-21

S1.	Amended and Restated Memorandum and Articles of Association (Class B)	Management	For	Voted - For
O1.	Elect Hong Du	Management	For	Voted - For
O2.	Elect Daniel Yong ZHANG	Management	For	Voted - For
O3.	Elect Pehong Chen	Management	For	Voted - For
S4.	Adoption of the Company’s Dual Foreign Name	Management	For	Voted - For
S5.	Amended and Restated Memorandum and Articles of Association	Management	For	Voted - For

WH GROUP LIMITED

Security ID: BLLHKZ1

Ticker: 288

Meeting Date: 16-Aug-21

1	Authority to Repurchase Shares in pursuant to Conditional Voluntary Cash Offer (the "Offer")	Management	For	Voted - For
2	Waiver of Mandatory Takeover Requirement (Whitewash Waiver)	Management	For	Voted - For

Meeting Date: 01-Jun-22

1	Accounts and Reports	Management	For	Voted - For
2.A	Elect GUO Lijun	Management	For	Voted - For
2.B	Elect WAN Hongwei	Management	For	Voted - For
2.C	Elect Charles Shane SMITH	Management	For	Voted - For
2.D	Elect JIAO Shuge	Management	For	Voted - For
3	Directors' Fees	Management	For	Voted - For
4	Appointment of Auditor and Authority to Set Fees	Management	For	Voted - For
5	Allocation of Profits/Dividends	Management	For	Voted - For
6	Authority to Repurchase Shares	Management	For	Voted - For
7	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - Against
8	Authority to Issue Repurchased Shares	Management	For	Voted - Against

WHITBREAD PLC

Security ID: B1KJJ40

Ticker: WTB

Meeting Date: 15-Jun-22

1	Accounts and Reports	Management	For	Voted - For
2	Remuneration Policy	Management	For	Voted - For
3	Remuneration Report	Management	For	Voted - Against
4	Final Dividend	Management	For	Voted - For
5	Elect Hemant Patel	Management	For	Voted - For
6	Elect David Atkins	Management	For	Voted - For
7	Elect Kal Atwal	Management	For	Voted - For

55

ARGA International Value Fund
	Proposal	Proposed by	Mgt. Position	Registrant Voted

8	Elect Horst Baier	Management	For	Voted - For
9	Elect Alison Brittain	Management	For	Voted - For
10	Elect Fumbi Chima	Management	For	Voted - For
11	Elect Adam Crozier	Management	For	Voted - For
12	Elect Frank Fiskers	Management	For	Voted - For
13	Elect Richard Gillingwater	Management	For	Voted - For
14	Elect Chris Kennedy	Management	For	Voted - For
15	Appointment of Auditor	Management	For	Voted - For
16	Authority to Set Auditor's Fees	Management	For	Voted - For
17	Authorisation of Political Donations	Management	For	Voted - For
18	Authority to Issue Shares w/ Preemptive Rights	Management	For	Voted - For
19	Authority to Issue Shares w/o Preemptive Rights	Management	For	Voted - For
20	Authority to Issue Shares w/o Preemptive Rights (Specified Capital Investment)	Management	For	Voted - For
21	Authority to Repurchase Shares	Management	For	Voted - For
22	Authority to Set General Meeting Notice Period at 14 Days	Management	For	Voted - For

56

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.

The Advisors’ Inner Circle Fund III

By:   /s/ Michael Beattie

Michael Beattie

President

Date: August 9, 2022

57